Research Reports And Consulting

The global seed treatment market is estimated to be valued at USD 6.4 billion in 2020 and is projected to reach USD 11.3 billion by 2025, recording a CAGR of 12.1%. The growth of the seed treatment market is driven by various factors, high demand for sustainable agriculture in the global market, minimum pesticide usage and acts as insurance for seed investment.

Key players in the seed treatment market include BASF SE (Germany), Bayer AG (Germany), Novozymes A/S (Denmark), Syngenta AG (Switzerland), Corteva Agriscience (US), FMC Corporation (US), Adama Ltd (Israel), Croda International (UK), UPL Ltd (India) and Nufarm (Australia). Product innovations, expansions, mergers & acquisitions, agreements, collaborations, and partnerships were some of the core strengths of the leading players in the seed treatment market.

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These strategies were adopted by the key players to increase their market presence. It also helped them diversify their businesses geographically, strengthen their distribution networks, and enhance their product portfolios. Some of the other leading players in the seed treatment market include EastMan Chemicals (US),Germains Seed Technology (UK), Precision Laboratories, LLC (US), Globachem (Belgium), Rhizobacter (Argentina), Valent USA (US) and Verdesian Lifescience (US).

BASF SE (Germany) has one of the largest crop protection division, involved in the research, development, production, and selling of crop protection products for better crop yield. It manages its business primarily through functional materials & solutions, chemicals, performance products, agricultural solutions, and others. It provides seed treatment solutions through its seed division, which is designed to protect and exploit the full genetic potential of the seed. The acquisition of Bayer AG (Germany) in 2018, has enabled BASF SE to strengthen its crop protection business, offering wide range of products, expanding geographical presence and improving the potential growth across the world. The company has a huge set up of R&D facilities and business units in the key Asia Pacific markets, such as China and Australia and a wide network of dealers and distributors spread worldwide, who have created a strong brand image of crop protection chemicals attracting more farmers. The company has managed to implement a successful safety measure and carry out its productions even amidst COVID-19 outbreak.

Bayer AG (Germany) is the largest life sciences company operating through four business segments, namely pharmaceuticals, consumer health, animal health, and crop science. It delivers a wide range of products, such as insecticides, fungicides, nematicides, plant growth regulators, and seeds, under its crop protection/seeds business segment. The acquisition of Monsanto (US) in 2018, has been a big milestone in Bayer’s history of developments, which has allowed the company to enhance its research on RNAi technology for improving the available solutions for crop protection.

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In 2018, the company received marketing authorization in many countries for new mixtures and formulations, which will further strengthen its global presence. It has also expanded its global presence, clubbed with high levels of investments in R&D activities to serve its customers with innovative products. The company offers seed treatment technologies under its seed growth business segment, with a popular brand name Acceleron. Some of the majorly used seed treatment chemicals by farmers are Gaucho, Thiram and Poncho with application on variety of seeds.The launch of first dry rice seed treatment for bakanae disease in rice in 2019, has gained more popularity in the Chinsese market.

The global microencapsulation market was valued at USD 8.5 billion in 2020 and is projected to reach USD 15.5 billion by 2025, at a CAGR of 12.9% from 2020 to 2025. The demand for microencapsulation is increasing in various industries due to its wide applications. For instance, encapsulated food ingredients and drugs are used for effective functioning; to prevent product damage until consumption; and to protect the active ingredients from moisture, heat, or other extreme conditions, thus enhancing stability.

The microencapsulation market, on the basis of application, mainly constitutes of seven segments— pharmaceutical & healthcare products, household & personal care products, food & beverages, agrochemicals, textiles, construction materials, and others. The food & beverages segment is projected to grow at a significant rate due to the growing consumption of fortified food & beverages owing to its nutritional values. Since consumers are becoming more health conscious, they are demanding fortified food & beverages, which fuels the demand for microencapsulated food ingredients.

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The microencapsulation market, by core material, is segmented into pharma & healthcare drugs, food additives, fragrances, agriculture inputs, phase change materials, and others. The food additives segment is estimated to be the fastest-growing, due to its various applications such as nutrient retention, protection of taste or color, flavor enhancement, and food preservation through oxidation stability, which is also why most food & beverage manufacturers prefer the use of microencapsulated food additives.

The North American region is projected to hold the largest market due to its increasing use of microencapsulation for the development of several products such as phase change materials, pharmaceutical & healthcare drugs, agricultural inputs, and food additives. The market in this region is driven by technological advancements in the microencapsulation industry.

COVID-19 Impact on the Global Microencapsulation Market

The microencapsulation market includes major Tier I and II suppliers like Cargill, BASF, DSM, Ingredion Incorporation. These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, and RoW. COVID-19 has impacted their businesses as well. Though this pandemic situation has impacted their businesses as well, there is no significant impact on the global operations and supply chain of their microencapsulation products. Multiple manufacturing facilities of players are still in operation.

Market Dynamics

Driver: Increase in demand for fortified food products with health benefits

The demand for microencapsulation is increasing with the growth in demand for functional and fortified food & pharmaceutical products. Microencapsulation provides integration of minerals, vitamins, flavors, essential oils, and other additives in food products to enhance the functional properties of products. The pharmaceutical sector is also greatly influenced by microencapsulation technologies due to the benefits achieved by the manufacturers. Along with the encapsulation of drugs, other active ingredients such as peptides, proteins, and DNA/RNA molecules are also encapsulated in the pharmaceutical sector to meet the market demand for value-added products.

Restraint: Competition for basic raw material

Although a large number of market players have adopted the microencapsulation technology in various industries, constant R&D is required to sustain in the market. The high cost of R&D resources, along with the processing technology, is hindering the market growth. The development of microencapsulated material is sometimes customized, and at times is required to be carried out at an industrial scale instead of a pilot scale. This increases the processing cost of products and ultimately leads to an increase in their cost.

Opportunities: Development of advanced technologies to tap niche markets

With the increasing demand for microencapsulated products, significant R&D activities are being carried out by various companies in the market; this has been aiding the growth of the microencapsulation market sufficiently. New technologies are required in microencapsulation to tap niche markets such as the use of PCMs in energy application and cancer & brain tumor-specific drug delivery. The market players in PCMs are working on new product developments, microencapsulation technologies, improvement in latent heat storage capacity, as well as evaluation of different phase change temperature options, to enhance the performance of their products. However, no technologies are available for the use of microencapsulated PCMs above 500°C (932°F), which is required in the energy sector. Therefore, addressing this need is expected to provide opportunities for the market.

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The key players profiled in the global market include BASF (Germany), Royal FrieslandCampina (Netherlands), Syngenta Crop Protection (Switzerland), Koninklijke DSM (Netherlands), Givaudan (Switzerland), Firmenich (Switzerland), Symrise (Germany), International Flavors & Fragrances (US), Sensient Technologies (US), Lycored Corp. (UK), Balchem Corporation (US), Encapsys (US), Arcade Beauty (US), and Koehler Innovative Solutions (Germany) Ingredion Incorporation (US), Kerry (Ireland), Cargill (US), Firmenich Incorporation (Switzerland), Dupont (US), Aveka Group (US), Advanced Bionutrition Corp (US), Tastetech Encapsulation Solutions (UK), Sphera Encapsulation (Italy), Clextral (France), Vitasquare (Netherlands), and Microtek (US). . These companies are focusing on strategies such as new product launches, expansions & investments, acquisitions, agreements, collaborations, joint ventures, and partnerships to expand their operations across the globe.

The report "Baking Ingredients Market by Type (Emulsifiers, Leavening Agents, Enzymes, Baking Powders & Mixes, Oil, Fats & Shortenings, Starch, Colors & Flavors), Application (Bread, Biscuits & Cookies, Cakes & Pastries, Rolls & Pies), and Region - Forecast to 2022" Increasing demand for bakery products across regions is projected to encourage manufacturers to invest in various bakery ingredients. According to MarketsandMarkets, the bakery ingredients market is projected to account for a value of USD 16.9 billion by 2022, recording a CAGR of 5.4%.

Baking powder and mixes segment is projected to be the largest contributor in the baking ingredients market during the forecast period

The Baking Ingredients market has been segmented on the basis of type into emulsifiers, leavening agents, enzymes, baking powder & mixes, Oils, fats, and shortenings, starch, and colors & flavors. The market for baking powder and mixes is projected to record the higher market share between 2017 and 2022. Baking powder is a mixture of baking soda, powdered acid, and cornstarch. It is used as a leavening agent that consists of sodium bicarbonate and the flavor saving acid that is used for increasing the volume, and lightening the texture of baked products. Baking powder which contains both fast and slow acting acids are known as double acting baking powder while single acting baking powder contains only one acid. Double acting baking powder is most commonly used for cookie dough. Baking mixes constitute various ingredients such as flour, baking powder, baking soda, yeast, sugar, and salt. Baking mixes are used for applications such as bread, cakes, waffles, muffins, and pizza crusts

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Growing demand for bakery ingredients drive prospects for bread and cookies in the Baking Ingredients market

The Baking Ingredients market is segmented on the basis of application into breads, biscuits & cookies & biscuits, cakes & pastries, rolls & pies, and others which include pizza bases, donuts, tortillas, pretzels, scones, and cereals. Commercial bakers are the key buyers involved in the production of fresh & frozen bread, bread rolls and other fresh bakery products. These bakeries purchase bakery ingredients from ingredient manufacturers and procure flour directly from millers. These establishments sell their products through supermarkets, food service outlets, convenience stores, small retail outlets, and specialty stores. Some of these commercial bakeries also produce private label products in addition to the available private label brands sold by large-scale retailers.

Europe is projected to account for the largest market size during the forecast period

Europe accounted for 33.8%, the largest share of the baking ingredients market in 2016. Factors such as a large population and the subsequent increase in demand for baked food, and the usage of advanced technologies for producing varieties of baked foods in order to meet the changing demand of consumers are driving the European baking ingredients market. The market in the Asia-Pacific region is projected to grow at the highest CAGR of 6.5% during the forecast period, driven by the growing demand for leavening agents, emulsifiers, and fats & shortenings in major baking applications such as bread and biscuits & cookies. North America was the second-largest market and accounted for a 28.3% share in 2016.

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Stringent regulations and international quality standards to impact baking ingredients

Baking ingredients are a mixture of various compounds and are subjected to rigorous health and safety checks based on the governmental regulations in different countries. Various studies have been conducted by regulatory bodies to assess the impact of these products on human health. Based on their results, products are classified, and the daily intake allowance (DIA) has been set. International bodies such as the National Food Safety and Quality Service (SENASA), Canadian Food Inspection Agency (CFIA), U.S. Food and Drug Administration (FDA), World Health Organization (WHO), and Committee on the Environment, Public Health and Food Safety (EU) are associated with food safety regulations. These organizations have control over the usage of different chemicals and materials used in food processing, directly or indirectly.

The milk replacers market stood at USD 2.3 billion in the year 2016, and is further estimated to reach USD 2.4 billion in the year 2017. Thereafter, it is projected to grow at a CAGR of 7.6% and reach USD 3.5 billion in the year 2022. The growth of this market primarily is attributed to some key factors:

Rising milk prices, making it economically unfeasible to undertake livestock offspring feeding entirely on mother’s milk.

Increasing awareness of cost-benefit and nutritional aspects of milk replacer products.

Adoption of precision nutrition techniques, which necessitates use of products that can exactly match the nutritional requirement of individual livestock

Concerns about mortality and health-related aspects, arising out of nutritional mismatches in the initial birth stage of livestock offspring.

Dry powder, including milk, whey or whey protein are blended with fat (animal or vegetable) through a process called conglomeration, through which milk replacers were originally made with skim milk powder. This was gradually evolved to utilize whey protein powder. At present, milk replacers are produced using milk-based ingredients, non-milk-based ingredients, and also a blended form of the two.

Increasing demand from emerging markets

According to the FAO, livestock production in developing countries has a huge market potential because of its role in food production, livelihood support, and environmental change. One of the major drivers for milk replacers in developing countries is the scarcity of feed resources resulting in low productivity and poor growth and reproduction of animals. Other factors affecting the demand is the growth in consumption of milk and livestock products owing to high population growth and growing per capita income.

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Intensive livestock production is booming in emerging countries; however, there are still vast areas where extensive livestock production, especially ruminants, is largely supported by grazed pastures. The only way of minimizing grassland degradation while maintaining stock health is to reduce animal density. However, high mortality and inadequate milk production by the nursing mothers affects the growth rate of those who survive. Therefore, economic strategists and government policies encourage livestock farmers to transform the extensive system of production to semi-intensive systems with additional imported feed inputs.

Based on source, the milk replacers market is segmented as milk-based, non-milk-based, and blended. Milk-based replacers formed the largest segment among the sources. Milk-based replacers are most commonly used to feed livestock offspring, as their digestive systems are adapted to function on milk, and thus, these replacers are ideal alternatives for whole milk to provide essential nutrition to baby mammals. These replacers are mostly used in developed countries, including the U.S., Germany, and Spain, primarily due to high awareness about the benefits of milk-based replacers.

Based on form, the milk replacers market is segmented into powder and liquid. The powder of milk replacers formed the largest segment. Powdered milk replacers are cost-effective alternatives to whole milk feed for infant mammals. They are a mixture of ingredients such as whey and sodium caseinate. Powders are easy to handle and store, which are some of the main reasons for their increased demand among animal rearers. Due to the growing demand for ingredients of milk replacers, the overall prices of milk replacers have been increasing since 2006.

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The low productivity in ruminants in developing countries is reflected by high mortality, poor growth rate of young ones, delay in onset of puberty, and long intervals between successive parturition, all of which are largely attributed to poor feed resources, feeding, and management. Furthermore, the rearing of young stock is not given much attention largely due to the economic compulsion to sell milk for human consumption. Therefore, it is important to improve the productivity of ruminant livestock through the promotion of early weaning of young ones. However, this would necessitate additional care in feeding and management as the pre-ruminant young stock depends solely on milk for their nutritional needs during the initial stages of life. Milk replacers offer the opportunity to nourish the offspring for early weaning as well as sell all the saleable milk thus maximizing on farm profits consistently.

The insect growth regulators market is segmented on the basis of type, form, application, and region. The segmentation by type includes chitin synthesis inhibitors, juvenile hormone analogs & mimics, and anti-juvenile hormone agents. The market on the basis of form is segmented into liquid, aerosol, and bait. The market is also segmented by application into agricultural, livestock pests, and commercial pest control. On the basis of region, it is segmented into North America, Europe, Asia-Pacific, South America, and Rest of the World (RoW).

The primary factors that drive the insect growth regulators market are adoption of crop protection chemical products that are environmentally safer and less toxic to use. Insect growth regulator products are more selective and cause little to no damage to other plants and animals that come in contact with them as they are more compatible with biological approaches. There is a rise in the commercial pest control segment in the usage of insect growth regulator products as they are selective in nature.
On the basis of type, the juvenile hormone analogs & mimics segment, by type, is projected to have the highest CAGR from 2016 to 2022.

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This is due to its wider usage in commercial pest control methods which use juvenile hormone analogs & mimics on a large scale. Juvenoid insect growth regulators act directly on insect eggs causing sterilization, disrupt behavior, and disrupt diapause (the process that triggers dormancy). All insect systems influenced by juvenile hormone analogs are potential targets for a juvenoid insect growth regulator.

The aerosol segment, by form, is projected to have the highest CAGR from 2016 to 2022. Aerosols are highly effective as they have direct contact with the target insect in the form of spray droplets. These can be used in small quantities and are preferable over other forms of insect growth regulators.
The commercial pest control segment is projected to have the highest CAGR from 2016 to 2022. This is due to the rise in awareness about the usage of less toxic chemicals in commercial spaces to control bugs and other insects. Due to growing concerns of property damage as a result of infestation of bugs and other insects, there is an increase in the demand for insect growth regulators in the commercial pest control industry.

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The Asia-Pacific market is projected to have the highest CAGR from 2016 to 2022. Insect growth regulator products are preferred in countries such as China, Japan, and India as they have growing agricultural sectors and more arable land. There is also high demand for alternatives to chemical-based treatment options for insects and pests, which is fueling the demand for insect growth regulators. The key players in the insect growth regulators market are Bayer CropScience AG (Germany), Dow Chemical Company (U.S.), Sumitomo Chemical Company Ltd. (Japan), Syngenta AG (Switzerland), ADAMA Agricultural Solutions Ltd. (Israel).

The report "Shortenings Market by Key Ingredient (Oil, Butter, Lard, Tallow), Source (Vegetable, Animal), Variant (Solid, Liquid, All-purpose, Cake/Icing), Application (Bakery, Confectionery, Snacks & Savory), and Region - Global Forecast to 2022", The global shortenings market is projected to reach USD 4.57 Billion by 2022 in terms of value, at a CAGR of 4.2% from 2017.

The global shortenings market is expanding with considerable growth potential over the next five years. The growth of this market can be attributed to the growth of the convenience food sector, favorable functional properties of shortenings, and growth in usage and applications of shortenings in bakery & confectionery products and snacks & savory products.

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Bakery products segment, by application, is estimated to be the largest segment in 2017

The bakery products segment is estimated to be the largest market share in the shortenings market in 2017, due to growing application of shortenings to obtain varied functional properties in bakery products such as biscuits, sweet biscuits, or cookies. Shortenings are used to produce a palatable and appealing product with desired textural characteristics. Bakery products such as cookies, cakes, breads, pastries, and pie crusts benefit from the functional properties imparted by the use of shortenings.

Oil: The most widely preferred type of key ingredient in shortenings

The oil segment is estimated to be the largest share in the shortenings market, in terms of value, in 2017. The vegetable oils such as palm oil, soybean oil, canola oil, and olive oil are used in the production of shortenings. Palm oil is the most widely preferred key ingredient in shortenings, as it is economical, compared to butter. Consumption patterns in urban demographics, influenced by busy lifestyles represent an enhanced need for convenience and yet healthy products. Consumer awareness has created a new market for healthy products and natural ingredients derived from palm oil such as interesterified shortening and shortening produced from healthy rice bran oil.

Vegetable shortenings segment, by source, is estimated to be the largest segment in 2017

The vegetable segment is estimated to be the largest market share in the shortenings market in 2017, due to its wide range of applications in the food industry. The growth in demand for vegetable shortenings in the industry can be attributed to the rise in awareness regarding healthy, fortified, non-hydrogenated trans-free vegetable shortenings. Increase in concerns related to health due to the consumption of animal fat shortenings fuel the growth in consumption of vegetable shortenings.

Asia-Pacific estimated to be the most lucrative market for shortenings

In 2017, the Asia-Pacific region is estimated to hold a significant share in the global shortenings market.

India is a major consumer of palm oil and butter-based products such as shortenings and margarine. Malaysia and Indonesia are the leading producers of palm oil and major exporters of processed palm oil products. The rapid expansion of the applications of fats & oils such as palm oil and butter has resulted in the growth of the market in the region, which has further increased the demand for fat & oil derived products such as shortenings.

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This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as Cargill (U.S.), Archer Daniels Midland Company (U.S.), ConAgra Brands (U.S.), Wilmar International Limited (Singapore), and Bunge Limited (U.S.).

The global vitamin D market is estimated to account for USD 1.1 billion in 2020 and is projected to reach USD 1.6 billion by 2025, at a CAGR of 7.0%. The key driving factors of the vitamin D market include the increasing consumer concerns regarding maintaining a balanced diet and the growing consumer awareness about several diseases caused by vitamin D deficiency. Food fortification is one of the major trends that is fuelling the vitamin D market in the functional food & beverage industry. Vitamin D is gaining traction in the healthcare and pharmaceutical industry due to its wide demand in nutritional supplements, owing to its various bone health benefits. Consumers are increasingly shifting their preference toward on-the-go, convenient, nutritionally enriched, and functional food & beverage products, due to their increasingly busy lifestyles, the rise in healthy snacking trend, and greater awareness about vitamin-fortified food & beverage products, thereby driving the market for vitamin D.

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On the basis of end user, the market segmentation includes adults, pregnant women, and children. The adults segment is estimated to dominate the vitamin D market. Vitamin D deficiency is extremely prevalent in adults more than 50 years of age. Severe deficiency results in osteomalacia, osteopenia, osteoporosis, and osteoarthritis, which can lead to deep bone pain, poor growth, fractures, and deformities of the skeleton such as bowed legs; the curvature of the spine; and thickening of the ankles, wrists, and knees. Pregnant women need to maintain optimum levels of vitamin D, which helps the body absorb calcium and phosphorus to enable proper growth of the infant’s bones and teeth. Vitamin D deficiency during pregnancy can cause growth retardation, skeletal deformities, and can have an impact on the birth weight of the infant. Rickets is a disease in children caused due to deficiency of vitamin D; it affects the development of the bones and causes soft, weak bones. This disease is prevalent among children in the age group of 3 to 18 months. Inadequate levels of sunlight exposure, skin pigmentation, immobility, birth to a vitamin D-deficient mother, malabsorption, and low intake of foods containing vitamin D are various factors that lead to this deficiency. Hence, vitamin D consumption is necessary for children.

Based on IU strength, the market segmentation includes 500,000 IU, 100,000 IU, and 40 MIU. Vitamin D3 40 MIU is also referred to as “vitamin D3 crystalline” and has a potency of 40 million international units per gram, the highest potency of vitamin D3. The product is majorly a white crystalline powder. Vitamin D3 of 500,000 IU is a free-flowing powder form of vitamin D3, which has a potency of 500,000 IU/gram and is practically insoluble in water. The 40 MIU type is more widely preferred IU strength in pharmaceuticals applications and accounted for the largest value share of the market in 2018. The vitamin D of 500,000 IU is majorly consumed in feed products.

The vitamin D market in the Asia Pacific is projected to witness the fastest growth between 2019 and 2025. The market in this region is dominated by China. Asia Pacific is witnessing the highest growth due to the rapid economic expansion. The region is attracting investors for setting up production facilities due to the ease of availability of raw materials, skilled labor, land, and equipment at a lower cost. It has become a key destination for manufacturers of vitamin D supplements and pharmaceutical product companies such as Alkem laboratories (India), Cadila Pharmaceuticals (India), Abbott Laboratories (US), and Sanofi S.A (France); it has also become a flourishing market for domestic manufacturers such as Fermenta Biotech Ltd (India), Zhejiang Garden Biochemical High-Tech Co., Ltd (China), Zhejiang Xinhecheng Co., Ltd (China), and Taizhou Haisheng Pharmaceutical Co., Ltd. (China). These players have manufacturing sites in this region and are focusing on increasing the production capacities in recent times.

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The global phytogenic feed additives market size is estimated to be USD 753.1 million in 2020 and is projected to reach USD 1,098.5 million by 2025, at a CAGR of 7.8% during the forecast period. The market has a promising growth potential due to several factors, including the increase in awareness among the livestock breeders regarding plant-based animal feed products and stringent government regulations regarding animal nutrition.

COVID-19 Impact on the Global Phytogenic feed additives Market

The market includes major Tier I and II suppliers like Cargill, Incorporated, Delacon Biotechnik GmbH, BIOMIN Holding GmbH, Bluestar Adisseo Co., Ltd. and Natural Remedies. These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, and RoW. COVID-19 has impacted their businesses as well. Though this pandemic situation has impacted their businesses as well, there is no significant impact on the global operations and supply chain of their phytogenic feed additives. Multiple manufacturing facilities of players are still in operation.

In Jnauary 2020, Delacon Biotechnik GmbH launched a new product BioStrong Comfort in US and Canadian markets. This product contains plant derived antioxidants and is developed to lessen the impact of heat stress during high temperature and humidity
The use of phytogenics in feed has increased drastically after the ban on feed antibiotics by the European Union (EU) in 2006. Along with the ban on antibiotics, numerous health benefits of feed phytogenics, such as an increase in feed intake and improvement of the gut function of livestock, are driving the market globally. The growing organic meat demand in developing countries, such as India and China, is expected to fuel the growth rate of the phytogenic feed additives market.

The essential oils segment is estimated to dominate the global feed phytogenics market, by type, in terms of value, and is projected to grow at the highest CAGR between 2020 and 2025. The numerous benefits of essential oils, such as producing digestive enzymes, improving gut histology, and antibacterial characteristics, are driving the market for essential oils in the livestock sector.

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The poultry segment is estimated to account for the largest share of 45.4% in 2020, in terms of value. It is projected to grow at the highest rate during the forecast period since phytogenics are intensively consumed by broilers for better gut health and have a high feed conversion rate as compared to other livestock types. Poultry in the Asia Pacific region is also witnessing the highest demand, as consumers in Taiwan and Indonesia are adding white meat instead of red meat to their diets

The European region is projected to grow at the highest CAGR during the forecast period. Factors such as the prohibited use of antibiotics in feed, stringent regulations imposed by the European Commission on synthetic feed additives, and growth in the consumption of phytogenics in livestock feed, to enhance feed palatability and livestock performance, are projected to drive market growth in the coming years.

Many domestic and global players provide phytogenic feed additives to improve animal health and performance. Major manufacturers have their presence in the European and Asian countries. The key companies in the phytogenic feed additives market are Delacon Biotechnik GmbH (Austria), BIOMIN Holding GmbH (Austria), Cargill, Incorporated (US), Bluestar Adisseo Co., Ltd. (China), DuPont (US), and Natural Remedies (India). Various strategies, such as expansions, mergers & acquisitions, and new product launches, were adopted by the key companies to remain competitive in the market.

The report "Pet Food Ingredient Market by Ingredient (Cereals, Meat & Meat Products, Vegetables, Fruits, Fats, and Additives), Source (Animal-based, Plant-based, and Synthetic), Pet (Dog, Cat, and Fish), Form (Dry and Liquid), and Region - Global Forecast to 2025", The global pet food ingredients market size is projected to reach USD 53.2 billion by 2025, which was estimated at USD 38.6 billion in 2020; it is expected to grow at a CAGR of 6.6% from 2020. Factors such as rise in the disposable income of the middle-class population have led to an increase in the spending capacity on pets. Pets are treated as companions to the owners, and increasing health concerns of their pets have encouraged them to opt for premium pet food products. Pet owners prefer buying high-quality and differentiated food products for their pets to provide them nutrition and variety in pet food. Furthermore, the expansion of pet superstores has made premium and super-premium pet food easily accessible.

Browse in-depth TOC on "Pet Food Ingredient Market”

173 - Tables
67 - Figures
234 - Pages

The deboned meat & meat meal segment is estimated to account for the large share, in meat & meat products segment, by ingredient

The pet food ingredients market, by ingredient, is segmented into cereals, vegetables, fruits, fats, meat & meat products, and additives. These segments are further sub-segmented into the commonly used ingredients in pet food. The pet food industry is reliant on these ingredients for commercial pet food manufacturing, to formulate nutritionally balanced and complete pet food as per the varying nutritional needs among different pet species. The majority of these ingredients is by-products of food products manufactured for human consumption, and thus prove to be an economical solution for pet food manufacturers.

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One of the emerging trends in the pet food industry is the incorporation of insects, as they are an excellent source of protein. Additionally, vegan and grain-free pet food products have been gaining popularity in the pet food industry. These trends are expected to increase the popularity of different fruits & vegetables in pet food to provide varied taste, texture, and flavor.
The cat food segment, by pet, is estimated to witness the fastest growth in the pet food ingredients market

The pet food ingredients market, based on pet, is segmented as dog, cat, fish, and others. Dogs are the most popular pets adopted, and key players are focusing on offering pet food for them to gain a significant share in the pet food ingredients market. The US witnesses the highest registration of pet dogs, which is estimated to be more than 73 million.

The demographical statistics in Asia are unreliable as pet dogs do not have to be registered in this region. However, the number of pet dogs is estimated to be nearly 110 million in China and 32 million in India. The sales of premium cat food are on the rise, and its high cost has not caused any hindrance in the growth of the premium cat food market. The increasing focus of consumers on preventive healthcare is one of the factors driving the demand for expensive and high-quality cat food in the pet food industry.

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North America dominated the pet food ingredients market, in terms of value and volume

North America accounted for the largest market share in 2019. The pet food ingredients market is consolidated in North America and dominated by several companies such as ADM, Cargill, Ingredion, SunOpta, DuPont, Darling Ingredients, and Kemin. In North American countries such as the US and Canada, the pet food ingredients market is driven by the expansion of production plants of leading companies and acquisitions to meet the rising demand from the pet food industry.

These factors have fueled the growth of the pet food ingredients market in the North American region.
This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes profiles of leading companies such ADM (US), DSM (Netherlands), Cargill, Incorporated (US), BASF SE(Germany), Ingredion Incorporated (US), Roquette Frères (France), SunOpta (Canada), Darling Ingredients (US), Omega Protein Corporation (US), DuPont (US) and Kemin (US).

The report "Pet Food Ingredient Market by Ingredient (Cereals, Meat & Meat Products, Vegetables, Fruits, Fats, and Additives), Source (Animal-based, Plant-based, and Synthetic), Pet (Dog, Cat, and Fish), Form (Dry and Liquid), and Region - Global Forecast to 2025", The global pet food ingredients market size is projected to reach USD 53.2 billion by 2025, which was estimated at USD 38.6 billion in 2020; it is expected to grow at a CAGR of 6.6% from 2020. Factors such as rise in the disposable income of the middle-class population have led to an increase in the spending capacity on pets. Pets are treated as companions to the owners, and increasing health concerns of their pets have encouraged them to opt for premium pet food products. Pet owners prefer buying high-quality and differentiated food products for their pets to provide them nutrition and variety in pet food. Furthermore, the expansion of pet superstores has made premium and super-premium pet food easily accessible.

Browse in-depth TOC on "Pet Food Ingredient Market”

173 - Tables
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234 - Pages

The deboned meat & meat meal segment is estimated to account for the large share, in meat & meat products segment, by ingredient

The pet food ingredients market, by ingredient, is segmented into cereals, vegetables, fruits, fats, meat & meat products, and additives. These segments are further sub-segmented into the commonly used ingredients in pet food. The pet food industry is reliant on these ingredients for commercial pet food manufacturing, to formulate nutritionally balanced and complete pet food as per the varying nutritional needs among different pet species. The majority of these ingredients is by-products of food products manufactured for human consumption, and thus prove to be an economical solution for pet food manufacturers.

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One of the emerging trends in the pet food industry is the incorporation of insects, as they are an excellent source of protein. Additionally, vegan and grain-free pet food products have been gaining popularity in the pet food industry. These trends are expected to increase the popularity of different fruits & vegetables in pet food to provide varied taste, texture, and flavor.
The cat food segment, by pet, is estimated to witness the fastest growth in the pet food ingredients market

The pet food ingredients market, based on pet, is segmented as dog, cat, fish, and others. Dogs are the most popular pets adopted, and key players are focusing on offering pet food for them to gain a significant share in the pet food ingredients market. The US witnesses the highest registration of pet dogs, which is estimated to be more than 73 million.

The demographical statistics in Asia are unreliable as pet dogs do not have to be registered in this region. However, the number of pet dogs is estimated to be nearly 110 million in China and 32 million in India. The sales of premium cat food are on the rise, and its high cost has not caused any hindrance in the growth of the premium cat food market. The increasing focus of consumers on preventive healthcare is one of the factors driving the demand for expensive and high-quality cat food in the pet food industry.

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North America dominated the pet food ingredients market, in terms of value and volume

North America accounted for the largest market share in 2019. The pet food ingredients market is consolidated in North America and dominated by several companies such as ADM, Cargill, Ingredion, SunOpta, DuPont, Darling Ingredients, and Kemin. In North American countries such as the US and Canada, the pet food ingredients market is driven by the expansion of production plants of leading companies and acquisitions to meet the rising demand from the pet food industry.

These factors have fueled the growth of the pet food ingredients market in the North American region.
This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes profiles of leading companies such ADM (US), DSM (Netherlands), Cargill, Incorporated (US), BASF SE(Germany), Ingredion Incorporated (US), Roquette Frères (France), SunOpta (Canada), Darling Ingredients (US), Omega Protein Corporation (US), DuPont (US) and Kemin (US).

Feed phosphates provide optimal growth, improve gut health, aid bone development and improve fertility in livestock. Rise in consumption of meat and dairy products and high threat of diseases in livestock are the factors driving the market. The Feed phosphates market is projected to reach 2.80 billion by 2024, from USD 2.25 billion in 2018, at a CAGR of 3.7%.

On the basis of type, the monocalcium phosphate segment is projected to grow at the highest rate from 2018 to 2024. Compared to other sources of phosphorus, MCP has some advantages such as neutralizing the harmful effects of a number of elements, such as sodium, potassium, and magnesium; and improving efficiency of carbohydrate, protein, fat, mineral, and energy metabolism in the body, due to which it is projected to grow at the highest CAGR during the forecast period.

On the basis of livestock, the poultry segment is projected to form the fastest-growing market, during the forecast period. On a global level, the total poultry production has been increasing; with such growth in poultry production and consumption, it has become important for meat producers to focus more on quality. Poultry requires relatively large amounts of calcium and phosphorus for normal growth and skeletal development, which gives a boosts the consumption of feed phosphates.

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Driver: High threat of diseases in livestock

The outbreak of diseases such as avian flu, BSE (bovine spongiform encephalopathy), and SARS (severe acute respiratory syndrome) not only affect livestock breeding and the economy, but also pose a serious threat to human health. The emergence of swine diarrhea in the US caused significant losses to swine farmers. Moreover, countries such as China, India, and Indonesia are constantly facing outbreaks of avian flu and swine flu, due to the hot and humid climatic conditions. Meat vendors, meat processors, wholesalers, retailers, and ultimately livestock growers suffer financial losses, due to the culling of disease-affected animals, which further lead to a drop in animal productivity. The usage of feed phosphates in such cases proved to be an effective medium to reduce such outbreaks by improving animal health with the provision of necessary nutrients. Calcium and phosphorus are two important macro-minerals required for the proper performance, growth, health, and production of livestock.

Restraint: Phytase – High Cost of Phosphates Driving the Demand for Substitutes

The high cost of phosphate salts, such as monocalcium and dicalcium phosphates, has led to the increase in the usage of substitutes such as phytase, which is lower in cost and can be used as a means of controlling the overall feed cost. According to Danisco Animal Nutrition (UK), the feed division of E. I. du Pont de Nemours and Company (US), phytase is included in more than 90% of poultry diets and about 70% of swine diets. According to the same source, phytase has helped the feed industry to reduce feed input and nutritional costs by USD 2 billion per annum.
Apart from being comparatively cost-effective, the usage of phytase in feed has many advantages and fulfils various functionalities of feed phosphates, such as enhancing digestive processes, improving bone health, accentuating body weight, and breaking down indigestible phytic acid (found in grains and oilseeds), thus aiding the release of digestible phosphorus, calcium, and other nutrients that help the growth of animals. Further, phytase promotes higher feed intake when compared to feed phosphates, which help in the physical development of animals, leading to better performance.

Therefore, the market for feed phosphates is expected to experience a moderate growth rate, owing to a number of innovations that are expected to aid market production and supply. However, diversions in the consumption and usage of feed phosphates due to the advent of substitutes, such as phytase, are expected to disrupt the market growth during the forecast period.

Opportunity: Phosphorous Recovery from Fly Ash – Sustainable Sourcing of Phosphorous

Most companies in the feed phosphates market have similar kinds of products and use the same kind of production process to produce feed phosphate from phosphate rock, which is a finite resource. However, to ensure a sustainable supply of good quality phosphates for the feed industry, market players need to invest in their R&D and come up with innovative production processes and alternative sources of phosphorus. In recent years, there has been a significant number of innovations in phosphorus recovery technology. Various methods can be applied for phosphorus recovery, including chemical precipitation, biological phosphorus removal, crystallization, and novel chemical precipitation approach, the latest among them being the wet-chemical process using fly ash.

A number of efforts are undertaken to recycle the phosphorus contained in wastewater, sewage sludge as well as from the fly ash of incinerated sewage sludge. Such innovations in production processes and newer raw materials are likely to reduce the dependence on phosphate rock, thereby reducing feed phosphate prices. For instance, EcoPhos (Belgium) developed a wet-chemical process to recover phosphorus from fly ash. The company invested about USD 90 million to build a new animal feed-grade DCP production plant with an annual capacity of 220 KT. This plant incorporates the new process to treat ~50 to 60,000 MT of fly ash

Challenge: Toxicity of feed phosphates

Despite feed phosphates being used as a key component to maintain animal health and productivity, their usage above certain limits could be toxic to animals. For instance, excessive intake of phosphorus can interfere with both calcium and magnesium absorption. Excessive calcium intake by consuming dicalcium phosphate, monocalcium phosphate, mono-dicalcium phosphate, and tricalcium phosphate can lead to osteopetrosis, vertebral ankyloses, and degenerative osteoarthritis in cattle. It also results in reduced feed intake, resulting in lower milk yields in cattle. However, because mineral deficiencies in animals are more common occurrences in comparison to toxicities, there is a general tendency to easily exceed minimum animal requirements. In such cases, it becomes imperative to determine if dietary mineral concentrations exceed the maximum tolerance levels of the cattle. Mineral toxicities, which could be a result of excessive consumption of feed or water, may then have significant degrading effects on animal health and performance.

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The various contributors involved in the value chain of the feed phosphates market include raw material suppliers, R&D institutes, feed phosphate manufacturing companies [such as The Mosaic Company (US), Phosphea (France), Nutrien Ltd. (Canada), OCP Group (Morocco), Yara International ASA (Norway)], feed phosphate distributors, livestock producers, feed manufacturers, and government bodies & regulatory associations [such as the US Department of Agriculture (USDA), the Food and Drug Administration (FDA), and the European Food Safety Authority (EFSA)].

The growth of the prepared food equipment market across the globe can be attributed to the increasing disposable income of the population and the growth of the retail sector across the globe. Prepared food equipment, mainly used in the preparation of snacks & savory products and meat & seafood products. Increasing number of working professionals in both developed and developing counties drives the demand for ready-to-eat and on-the-go food products, which subsequently drives the market for prepared food equipment globally.

The market for prepared food equipment is projected to reach USD 11.23 billion by 2023, at a CAGR of 5.95% during the forecast period. The prepared food equipment industry has a positive outlook in the Asia Pacific region, supported by the increasing number of industrial developments in the region. The retail sector in Asia is growing continuously owing to the rising demand for convenience and ready-to-eat food products, which, in turn, drives the market for prepared food equipment.

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The prepared food equipment market, on the basis of type, has been segmented into pre-processing, processing, and packaging. The packaging segment is projected to grow at the highest CAGR from 2018 to 2023. Packaging is further segmented into primary and secondary packaging. Packaging of prepared food products is carried out to avoid contamination of the products, reduce wastage during transport & handling, and to extend their shelf life.

The automatic segment, by mode of operation, is projected to grow at the highest CAGR from 2018 to 2023. Increasing adoption of integrated machinery for the efficient and easy process with increased production rate is driving the demand for automatic prepared food equipment. The semi-automatic segment is estimated to dominate the market due to higher production and lower cost of equipment as compared to automatic systems.

The meat & seafood products segment, by application, is projected to grow at the highest CAGR from 2018 to 2023. Ready-to-eat food products are estimated to grow at higher rate owing to the demand of these products from working professionals in developing as well as developed countries. The higher rate of production required drives the demand for prepared food equipment.

In terms of value, Asia Pacific is projected to be the fastest-growing market for prepared food equipment during the forecast period. The growth of the retail market in the region drives the market for prepared food equipment. The focus of food manufacturers on production efficiency, processing time, and quality of food products and the rise in income of the population drive the demand for prepared & convenience foods, subsequently driving the market for prepared food equipment.

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The key players in the global market include GEA Group (Germany), Alfa Laval (Sweden), The Middleby Corporation (US), Marel (Iceland), and Buhler (Germany). Other players in the industry include Welbilt (US), Hughes Equipment Company (US), Heat and Control Inc. (US), Bigtem Makine (Turkey), and Hup Sheng Machinery & Industry (Malaysia).