Attractive Opportunities In Hydroponics Market

The increasing population and urbanization have led to a decline in the arable land, globally. According to the United Nations Department of Economic and Social Affairs, about 55% of the world’s population lives in urban areas as of 2018, and that figure is expected to grow to 68% by 2050. Considering the overall growth in population, up to 2.5 billion additional people are expected to be added to urban areas by 2050. Hydroponics is the technique of growing plants with water and nutrients without the use of soil. This technique makes use of containers or specially designed benches with troughs to enable the suspension of plants in water. The hydroponics market is estimated to be valued at USD 8.1billion in 2019 and is projected to reach USD 16.0 billion by 2025, at a CAGR of 12.1% during the forecast period.

Major developmentsthat can change the business landscape as well as market forecasts

With the increased adoption of hydroponics globally, manufacturers and researchers are working on improving the efficiency of hydroponics technology to increase the quality and quantity of the produce. For instance, Preferred Produce, an organic and kosher greenhouse in Deming, New Mexico, introduced a new patented technology that combines hydroponics with aeroponics. It was developed in partnership with Russian scientists. This new patented technology includes a large plastic urn filled with water and includes tubes for circulating oxygen. This new technology was introduced due to the restricted supply of oxygen when plants are submerged in oxygen in a hydroponics system.

Another technology was developed by Phytoponics, a UK-based hydroponic systemcompany. It introduced a similar technology called the Hydrosac, in which the roots of the plant are held in contact with an oxygenated, nutrient-rich solution. The concentration of liquid nutrients facilitates high growth rates and resource efficiency. The Hydrosac acts like a long thin container connected to a pump and nutrient solution reservoir. Sitting on the fluid’s surface are integrated flotation chambers in which

plants sit within a healthy, rot preventing air gap above water. An inbuilt aerator blows oxygen bubbles through the solution to maintain dissolved oxygen levels for healthy roots. The bubbles burst at the surface, spraying a nutrient-rich mist on to the plant roots,nourishing the plant to grow strong.

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Geographical Prominence

The Asia Pacific hydroponics market has strong potential to become the leading market in the coming years. The region has also been susceptible to the effects of climate change that have had a profound impact on agriculture produce. The increasing instances of droughts, floods, and other natural disasters in countries such as India, China, and Japan have raised concerns over food security. This has spurred the adoption of indoor hydroponic agriculture in the region. China is projected to be the fastest-growing market for hydroponic farming in the region and has displayed notable growth potential. Not only in AsiaPacific but globally has the growth in hydroponics market been observed, with the increasing investments in this market. For instance, Larry Ellison, the founder, chairman, and CTO of Oracle, launched a hydroponic farming start-up named Sensei in Los Angeles, which plans to build 10 greenhouses covering 200,000 square feet on the Hawaiian island of Lanai. Also, Future Farms based in Chennai, India, has developed effective and accessible farming kits to facilitate hydroponics. Also, there are new technological innovations tapped by start-ups that can further propel the growth of this market.

Coverage of new market players and change in the market share of existing players

Company Profiles: Company profiles give a glimpse of the key players in the market, with respect to their business overview, financials, product offerings, and recent developments. In the new edition of the report, Freight Farms (US), Terra Tech Corp (US), Emirates Hydroponics (UAE), Advanced Nutrients (Canada), Emerald Harvest (US) and Green Sense Farms (US) were profiled, as they have emerged as key players in the recent years due to various strategic investments, agreements, and product launches performed in the hydroponicsmarket. These strategic developments have challenged the status-quo of industry leaders,and it was prudent to analyze the changing business landscape. Company share analysis has been added in the new report, which was not provided in the earlier one. Competitive leadership mapping and competitive benchmarking of key players (crop producers and system input providers) are also added as new segments.

Updated financial information/product portfolio of players

Newer and improved representation of financial information: The new edition of the report provides updated financial information in the context of the hydroponicsmarket till 2017/2018 for each listed company in the graphical representation in a single diagram (instead of multiple tables). This would help to easily analyze the present status of profiled companies in terms of their financial strength;product portfolio strength;key revenue generating region/country; business segment focus in terms of the highest revenue generating segment; and investment on R&D activities.

Gelatin Market– This is How COVID-19 is Impacting Global Industry

The ongoing COVID-19 pandemic—and the worldwide reaction to it—has compelled companies to radically rethink their strategies and the way they operate. We salute the industry experts helping companies survive and sustain in this pandemic.

At MarketsandMarkets™, analysts are undertaking continuous efforts to provide analysis of the COVID-19 impact on the Gelatin Market. We are working diligently to help companies take rapid decisions by studying:

The impact of COVID-19 on the Gelatin Market, including growth/decline in product type/use cases due to the cascaded impact of COVID-19 on the extended ecosystem of the market
The rapid shifts in the strategies of the Top 50 companies in the Gelatin Market
The shifting short-term priorities of the top 50 companies’ clients and their client’s clients

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The global gelatin market size is projected to grow from USD 2.6 billion in 2018 to USD 3.6 billion by 2023, at a CAGR of 6.6% during the forecast period. Growing demand for functional and convenience food & beverage products and rising preferences for clean-label products are projected to drive the market for gelatin.

Europe is projected to hold the largest market share during the forecast period.

Europe is estimated to account for the largest share of the market in 2018. The presence of a large number of food & beverage companies presents the European gelatin market with a prominent consumer base. The ample availability of raw materials and high dependence of the European population on these sources pose as drivers for the growth of the gelatin market in the region. The growing demand for convenience and functional foods in Europe due to fast-paced lifestyles and health-conscious consumers, along with the growing pharmaceutical industry presents growth opportunities for the gelatin market.

The wide usage of porcine gelatin in various food & beverage products has influenced the demand for porcine gelatin, globally.

Pork is one of the widely used and most important sources for gelatin manufacturing, worldwide. It is widely used in the food & beverage industry for different application areas such as snacks, bakery & confectionery, and meat products. The demand for porcine gelatin is stimulated by factors such as its wide availability and BSE crisis in the European region. Furthermore, it is widely preferred across regions because of its manufacturing process as it requires a short period for pretreatment and generates lesser wastewater as compared to other sources.

The major gelatin vendors include Darling Ingredients (US), Gelita (Germany), Nitta Gelatin (Japan), Tessenderlo Group (Belgium), Weishardt (France), Trobas Gelatine (Netherlands), India Gelatine & Chemicals (India), Lapi Gelatine (Italy), Junca Gelatines (Spain), Sterling Biotech Group (India), Italgelatine (Italy), and Gelnex (Brazil). These players have adopted various growth strategies such as expansions & investments and new product launches to expand their presence in the global gelatin market. Expansions & investments are the most dominating strategy adopted by major players. This has helped key players to increase their presence in different regions.

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Darling Ingredients is one of the major companies involved in the manufacturing of natural ingredients from edible and inedible bio-nutrients. It serves a wide range of applications including food, health & pharma, feed, pet food, fuel, bio-energy, and fertilizer. The company has its processing units in over 200 countries across the globe. It operates through three business segments, namely, feed ingredients, food ingredients, and fuel ingredients. It offers gelatin under its food ingredients segment. The company’s gelatin products and solutions are manufactured by Rousselot (France). Rousselot is a leading market provider of gelatin and hydrolyzed collagen for the food, nutrition, pharmaceutical, and technical industries with operations across Europe, China, South America, and the US.

The company focuses on new product launches and acquisitions to increase its product offerings mainly in the gelatin segment to provide advanced solutions to the food and pharmaceutical industries. Rousselot launched a new range of medical grade gelatin “X-pure,” which is useful for in-body applications.

Furthermore, Tessenderlo Group is involved in providing specialty solutions for applications in food, agriculture, water management, and efficient use and re-use of natural resources. PB Gelatins/PB Leiner is a subsidiary of Tessenderlo Group, which produces a complete range of gelatin, hydrolysates, and collagen peptides that are used in food processing. Globally, the company has its presence in more than 100 locations across the globe, which covers various regions including Europe, South America, North America, Asia, and Rest of the World (RoW). The company operates its business through three major segments, which include agro, bio-valorization, and industrial solutions. It offers gelatin products under its bio-valorization segment. The company has been focusing on offering gelatin products to food & beverage and pharmaceutical manufacturers. In April 2016, PB Leiner, a part of Tessenderlo Group, entered into a collaboration with Viachem (US) for the sales, marketing, and distribution of collagen hydrolysates and specialty gelatin products.

Analysis of the COVID-19 impact on the Lutein Market

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At MarketsandMarkets™, analysts are undertaking continuous efforts to provide analysis of the COVID-19 impact on the Lutein Market. We are working diligently to help companies take rapid decisions by studying:

The impact of COVID-19 on the Lutein Market, including growth/decline in product type/use cases due to the cascaded impact of COVID-19 on the extended ecosystem of the market
The rapid shifts in the strategies of the Top 50 companies in the Lutein Market
The shifting short-term priorities of the top 50 companies’ clients and their client’s clients

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Lutein is an important carotenoid antioxidant that is used for protecting eye health. It is also used in animal feed to color the poultry skin and egg yolks to strengthen the immune system, reduce cellular aging, and protect against age-related eye diseases.The overall growth of the lutein market is driven by the rise in demand for its usage as an eye health supplement andits increased usage as an animal feed additive and as a natural colorant; and its usage in other healthcare and nutraceuticals applications.

EMERGING APPLICATIONS OFFER ATTRACTIVE OPPORTUNITIES IN THE LUTEIN MARKET

The global market for lutein is projected to reach USD 357.7million by 2022, recording a CAGR of 6.3%

On the basis ofform, the powder & crystallinesegment is projected to dominate the lutein market. Lutein is mainly used in the powdered form, as it is easy to use and can be added to various solutions and liquids in the livestock feed, food, and cosmetics industries. Furthermore, the powder & crystalline form of lutein reduces eye fatigue and glare sensitivity; strengthens eye tissue; supports brainfunction and enhances memory; maintains heart health; and protects skin health.

Dietary supplements – the most promising market for lutein in the next five years

With the aging population, people are becoming more conscious and aware of age-related problems. Cataracts and age-related macular degeneration (AMD) are the major illnesses faced by aged people, which cause visual impairment and acquired blindness. This is due to the lack of intake of sufficient nutrients, such as green leafy vegetables and egg yolks. This concern has boosted the demand for health supplements, thus fueling the growth of the lutein market.

Furthermore, consumers have become aware of the alternative channels to self-diagnose themselves and also take preventive measures to remain healthy. Such practices are significantly increasing the demand for supplements, globally, which, in turn, drives the consumption of lutein.

THE DIETARY SUPPLEMENTS SEGMENTDOMINATED THE LUTEIN MARKET IN 2017

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Geographical Prominence

The European region is estimated to account for the largest market share in the global lutein market. This market is also projected to grow at a CAGR of 4.3 % from 2017 to 2022 to reach USD 130.2 million by 2022 moderately. The market for Asia Pacific is expected to register the highest growth during the forecast period, owing to the increase in health awareness and rise in penetration of functional food and dietary supplements. Furthermore, the market is growing due to the rising demand for eye supplements in the healthcare sector. The rise in the prevalence of diseases such as heart diseases, diabetes, obesity, and stroke are also expected to drive the demand for lutein dietary supplements, which include minerals, fatty acids, and vitamins.

PROJECTED GROWTH RATE OF THE GLOBAL LUTEIN MARKET, BY REGION, 2017–2022

Conclusion

Globally, lutein finds application in various industries due to its nutritional benefits and pigmentation properties. Lutein is extensively used as an additive to provide food colors, either by directly applying them to food products or indirectly adding them to animal feed. Due to its medicinal properties, lutein is widely used in pharmaceuticals for preventive medicines in eye care, cardiac diseases, diabetes, and skincare. It is currently extensively used in health supplements due to the rising demand for the same by health-conscious customers.

Considering the importance of supplementation, globally, major companies are increasingly inclined to invest in scientific research to develop new applications for lutein that can help improve human health. Key players in this market have adopted various strategies such as expansions, acquisitions, new product launches, among others,to expand their global footprint and increase their product offerings to capture the market share. The lutein market is competitive, with many large players such as BASF (Germany), Chr. Hansen (Denmark), E.I.D. Parry (India), Kemin (US), Zhejiang Medicine (China), and OmniActive (India) who focus on expanding their market base in this field.

Early impacts of COVID-19 on Herbal Supplements Market

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At MarketsandMarkets™, analysts are undertaking continuous efforts to provide analysis of the COVID-19 impact on the Herbal Supplements Market. We are working diligently to help companies take rapid decisions by studying:

The impact of COVID-19 on the Herbal Supplements Market, including growth/decline in product type/use cases due to the cascaded impact of COVID-19 on the extended ecosystem of the market
The rapid shifts in the strategies of the Top 50 companies in the Herbal Supplements Market
The shifting short-term priorities of the top 50 companies’ clients and their client’s clients

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The herbal supplements market is projected to grow at a CAGR of 6.8% from 2016 to 2022. Rise in ageing population, increasing number of female buyers for dietary supplements, and increasing awareness for preventive healthcare measures are some factors driving the market. The key market players have adopted strategies such as acquisitions, expansions, and joint ventures to expand their market share in the herbal supplements market. The key players who adopted these strategies Archer Daniels Midland Company (U.S.), Glanbia plc (Ireland), Herbalife International of America, Inc. (U.S.), Blackmores (Australia), and Nutraceutical International Corporation (U.S.). Other players in the industry include The Natures Bounty Co. (U.S.), Arizona Natural Products (U.S.), Ricola (Switzerland), NaturaLife Asia Co., Ltd. (Korea), and Bio-Botanica Inc. (U.S.).

Glanbia plc
Glanbia plc is engaged in the production and distribution of performance nutrition and ingredient products for better nutrition and health. The Glanbia nutritional business segment of the company comprises dairynon-dairy-based nutritional ingredients and customized solutions/premixes. It also contains nutrition & supplements that are made to enhance health of consumers of all age groups. The company’s effort in expansion in developing countries of the Latin American Africa and Asia-Pacific regions has the market opportunity to grow its Glanbia nutritional’s segment. For instance it acquired the U.S. beverage manufacturer Aseptic Solutions Inc. in 2012 in order to strengthen its business in its nutritional segment.

Herbalife International of America Inc.
Herbalife is one of the leading nutrition companies engaged in the production of nutritional products, such as protein, fiber, and vitamins. The company offers its products through four principle segments, namely, Weight Management; Targeted Nutrition; Energy, Sports, and Fitness; and Outer Nutrition. It operates in over 91 countries, spanning North and Latin America; Asia-Pacific, Europe, and Africa. Herbalife has a strong market presence in the world, which has helped it to achieve a considerable market share in the supplements industry. Therefore, providing quality products has been the key strategy of the company. For instance, in 2014, the company launched a new green tea product line, which increased the company’s product portfolio.Request for Sample Report Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=736

What is the Future Scope of Oleoresins Market amidst COVID-19?

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Covid Impact on Oleoresins Market, growth/decline in product type/use cases of Digital MRO Market due to cascaded impact of Covid 19 on Extended Ecosystem.
How top 50 companies in Oleoresins Market are making rapid shifts in their strategies as we speak here.
Outside-in view of top 50 companies’ client and client’s clients shifting short-term priorities.

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According to MarketsandMarkets, the oleoresins market is estimated to be valued at USD 1.2 billion in 2019 and is projected to reach USD 1.7 billion by 2025, recording a CAGR of 6.0% from 2019 to 2025. The rapidly growing demand for natural flavors in the food & beverage industry and the wide application of oleoresins in various other industries such as pharmaceuticals, personal care, and feed sectors are some of the key factors driving the growth of the market.

The North American region is estimated to dominate the oleoresins market, in terms of value, in 2019

The oleoresins market in North America is projected to witness high growth due to the strong local and export demands. The US is one of the major importers of oleoresins across the globe. Although the production of oleoresins in the North American region is not at par with the domestic demand and the consumption rate in the region is comparatively higher. Oleoresins witness high demand in the processed food sector in developed countries, where the purchasing power of consumers is high as compared to the developing countries. The growth in the pharmaceutical industry and increasing consumer preferences for natural diet supplements in the North American countries are projected to drive the growth of the oleoresins market in the region.

Key Players:

Akay Group (India)
Synthite Industries Pvt. Ltd. (India)
AVT Naturals (India)
Givaudan (Switzerland)
PT Indesso Aroma (Indonesia)
Vidya Herbs Private Limited (India)
Ungerer & Company (US)

Synthite Industries Private Ltd (India) is one of the largest producers of plant extracts such as oleoresins in the Asia Pacific region. The company claims to account for more than 30% share in the global oleoresins market. It has an increasing presence across regions with its products supplied in around 11 countries, globally. Synthite Industries offers over 500 products, including essential oils, spice extracts, herb extracts, tea & coffee extracts, floral extracts, vanilla extracts, dried fruit extracts, natural colors, seasonings, spray-dried/encapsulated products, and phytochemicals. The company offers a range of oleoresins-based products to serve various industries, such as food, beverage, confectionery, health & wellness, and personal care, as well as agriculture and livestock. It has an operational presence in regions, such as Asia Pacific and North America with its units in China, Vietnam, and Sri Lanka, besides Kerala, Tamil Nadu, Karnataka, and Andhra Pradesh in India. The increasing export demands for oleoresins from the company has encouraged it to open its units in Indonesia. The company has expanded its facilities in Brazil to cater to the demands of its customers in other countries and regions. It also has shifted its manufacturing facilities to the South East Asian countries due to the increasing availability of raw materials.

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Plant Lipids (India) is a company offering various products through several segments, such as flavor ingredients, spice & seasonings, fragrance ingredients, natural food colors, and nutraceutical ingredients. It supplies nearly 500 products to over 80 countries across the globe. The company offers oleoresins under the flavor ingredients segment. Some of the major oleoresins offered by the company are black pepper, capsicum, cardamom, celery seeds, and clove. Plant Lipids has its manufacturing facilities in India and Sri Lanka with its operating units in India and the UK, and its marketing offices in Germany, Bangkok, and Sri Lanka. The company has opened a new office in Indonesia, which was the fourth office of the company in Asia. This expansion has strengthened the company’s capability to cater to the demands in the Asian market.

Early impacts of COVID 19 on Potato Protein Market

The potato protein market is estimated to be valued at USD 72.2 Million in 2017, and is projected to reach USD 88.2 Million by 2022, at a CAGR of 4.1%. The market is driven by the rising vegan population, consumer concerns regarding food allergens in products, and nutritional profile of potato proteins.

Key players in the potato protein market include Avebe (Netherlands), Tereos (France), Roquette (France), Agrana (Austria), and Omega Protein (US). Further, Peppes Group (Poland), Emsland Group (Germany), Meelunie (Netherlands), KMC Ingredients (Denmark), Südstärke (Germany), AKV Langholt (Denmark), and PPZ Niechlow (Poland) are few others players in this market.

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Avebe is one of the active players in the potato protein market; it is engaged in the production and marketing of potato-based starch, proteins, and fibers for the food, feed, paper, building, textile, and adhesive industries. Avebe offers innovative potato protein products for food as well as feed applications. The company has adopted organic strategies such as expansions and new product launches to improve its presence in the market. Further, the company has manufacturing units in the Netherlands, Germany, and Sweden. It operates its business worldwide through its various subsidiaries which include Avebe KPW GmbH (Germany), AB Stadex (Sweden), Atatürk Organize Sanayi Bölgesi (Turkey), and Avebe America Inc. (US). In November 2017, Avebe opened a new office in Dubai with a view to strengthening its commercial sales in the Middle East.

Tereos is one of the largest manufacturers and suppliers of sugar, starch, and alcohol. It has a strong presence in 13 countries with 49 manufacturing facilities, a few of which are located in Brazil, France, Belgium, Spain, China, and Indonesia. Tereos offers potato proteins for a wide range of applications such as compound feed, starter feed, and feed premix in the feed industry. The company has become a renowned brand in the industry for its quality and client base. It focuses on mergers & acquisitions to increase its geographic reach and strengthen its business network. For instance, in January 2016, Tereos and APM Deshy (France) merged to generate opportunities for members, enhance agricultural production, and improve their beet, starch potato, and alfalfa businesses.

Agrana is one of the leading sugar and custom starch product manufacturers in the European region and is a producer of fruit preparations. The company operates globally through 54 production sites and its subsidiaries in 26 countries with five starch plants in Europe. Agrana offers potato proteins for use in feed applications. It lays special focus on providing its customers with GMO-free and organic products. The company adopted expansions as a strategy to enhance its presence in the potato proteins market. In September 2014, Agrana set up a new Agrana Research & Innovation Center (ARIC) in Tulln (Austria) to combine all research and innovation activities of Zuckerforschung Tulln (ZFT).

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

Asia Pacific is projected to be the fastest-growing region in the potato protein market from 2017 to 2022. The growth of this market can be attributed to the growth in the demand for potato protein for use in feed, owing to Asia Pacific’s highest livestock population as well as feed consumption. The large base of the vegan population in the Asia Pacific region is a major driver for potato protein.

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Bayer (Germany) and BASF (Germany) are the Key Players in the Biorational Pesticides Market

The key players profiled in the report have a strong presence in the global biorational pesticides market; these include Valent Biosciences (US), Bayer (Germany), Monsanto BioAg (Germany), BASF (Germany), DowDuPont (US), and Syngenta (Switzerland).

These players adopted growth strategies such as expansions & investments and mergers & acquisitions to cater to the increasing demand for biorational pesticides. They are increasing their research & development expenditure to expand their biorational pesticide products portfolio.

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The core strength of the key players is their strategic expansion to enhance their presence in the biorational pesticides market. Companies such as Bayer and BASF SE are expanding their production facilities as well as R&D to develop new biorational pesticide products. Such strategies are expected to maximize market share and increase their overall customer base. Players such as Bayer, Syngenta, and DowDuPont adopted the mergers & acquisition strategy to improve their distribution network, gain a stronger foothold, and enhance their market share. These companies are also focused on offering a diverse range of biorational pesticide products to be in line with the government policies of different regions.

Bayer CropScience, a subsidiary of Bayer, is an agricultural enterprise that offers crop protection, seeds, and non-agricultural pest control products. These products are offered through its two main operating business segments: crop protection/seeds and environmental science. Bayer has been one of the major players in the global biorational pesticides market. The company has been focusing on expansions and mergers & acquisitions. In September 2016, Bayer and Monsanto announced their definitive merger agreement; Bayer acquired Monsanto for an all-in-cash transaction at USD 128 per share. This agreement combined the companies’ leading innovation capabilities and R&D technology platforms for the agricultural industry

BASF is a chemical manufacturing company operating in the segments of chemicals, performance products, functional materials & solutions, agricultural solutions, and oil & gas. Under these broad categories, it offers products such as intermediate chemical products, monomers, petrochemicals, dispersions & pigments, nutrition & health, paper chemicals, performance chemicals, catalysts, construction chemicals, coatings, performance materials, and crop protection. The company provides biorational pesticide products through its agricultural solutions unit. In October 2015, BASF expanded its production capacities of innovative biorational solutions for agriculture and horticulture in Littlehampton (UK). This helped the company to increase its production volume of beneficial nematodes and inoculants for conventional crop protection. In May 2015, BASF also opened a new agricultural research station in Pune (India). It helped the company to carry out global agricultural research on herbicides, fungicides, and insecticides.

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Demand for Improved Crop Varieties to Drive the Growth of the Plant Genomics Market

The global plant genomics market is estimated to be valued at USD 7.3 billion in 2019 and is projected to reach USD 11.7 billion by 2025, recording a CAGR of 8.3%. The plant genomics market has high potential in emerging markets, such as Asia Pacific, due to the increasing awareness about the possible ill-effects of GM crops or food products in developing countries.

By trait, the plant genomics market is segmented into herbicide tolerance, disease resistance, yield improvement, and others. According to industry experts from prominent seed manufacturers, disease resistance and herbicide tolerance are the traits that have been on demand, owing to the increasing instances of early germination pest attacks and regulations against crop protection chemicals.

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Based on application, the plant genomics market is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, and others. Among cereals & grains, rice, wheat, and corn are majorly bred using plant breeding & sequencing techniques, to develop high-performing varieties. Rice, along with wheat and corn, underpins the global food supply. Field crop science (including breeding, pathology, and economics) has contributed to a steady increase in crop productivity from decades through the availability of better varieties and hybrids with more effective pest and disease control and better production capacities. Molecular engineering technique development for genetic analysis has led to a great upsurge in the knowledge of cereal genetics and understanding of the structure and behavior of cereal genomes.

Based on objectives, the plant genomics market is segmented into DNA/RNA sequencing, genotyping, market-assisted selection, gene expression profiling, GMO-trait purity testing, DNA extraction & purification, and other objectives. DNA/RNA sequencing is estimated to be the most popular service required in the plant genomics market. The increasing number of samples tested per machine run due to efficient technological developments have encouraged companies to offer these services at cheaper costs. A common trend witnessed for basic information sequencing in the agricultural industry and among research professionals is to identify common markers such as plant height for breeding purposes. However, with the evolution of plant genomics research, the demand for genotyping tests is projected to surpass the demand for other objectives by 2025.

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By type, the plant genomic market is divided into molecular engineering, genetic engineering, and others. The major plant breeders such as Bayer (Germany), Monsanto (US), DowDuPont (US), and BASF (Germany) have invested in plant breeding and been developing seed traits based on molecular breeding and genetic engineering techniques. Moreover, the favorable regulatory environment for GM crops in the US has encouraged plant breeders to adopt biotechnological methods at a larger scale in the country. The use of genetic engineering techniques for corn and soybean breeding is the highest in the US, while the adoption of molecular breeding techniques in Canada has been slowly rising.

The major players, such as Eurofins Scientific (Luxembourg), Agilent Technologies (US), and Illumina, Inc. (US) in the plant genomics market are focusing on new product launches, expansions & investments, acquisitions & mergers, agreements, joint ventures, collaborations, and partnerships to expand their global footprint.

Pet Food Processing Market worth $6.2 billion by 2026

The report “Pet Food Processing Market by Type (Mixing & Blending Equipment, Forming Equipment, Baking & Drying Equipment, Cooling Equipment, Coating Equipment), Form (Dry, Wet), Application (Dog Food, Cat Food, Fish Food), and Region – Global Forecast to 2026”, is projected to grow from USD 4.4 billion in 2019 to USD 6.2 billion by 2026, recording a CAGR of 5.0% during the forecast period. The major factors driving the growth of the Pet Food Processing Market include the increasing trend of pet food product premiumization, rising pet adoption, and acceptance of pets across regions.

The wet segment is projected to be the fastest-growing segment in the pet food processing market during the forecast period.

The increasing demand for wet pet food products is mainly due to its high nutritional content and the presence of animal-based proteins, which is essential for the development of pets. Though it is less economical, the increasing trend of pet humanization and product premiumization has encouraged increasing demand for premium and high-quality pet food products among pet owners. These factors are projected to drive the growth of the wet segment in the pet food processing market.

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The dog food segment is projected to account for a major share in the pet food processing market during the forecast period.

The dog food segment is projected to account for the largest share in the global pet food market. The increasing population of dogs and the rising trend of pet humanization have encouraged dog owners to accept them as companions, which is projected to drive the demand for premium dog food. These factors are projected to drive the growth of the overall pet food processing equipment market. Dogs have the largest population among other pets globally. Pet owners are witnessing an increasing trend of purchasing premium-priced and nutrition-rich pet food products and prefer opting for high-quality food for their pets. Due to these factors, the dog food segment is projected to account for the largest market share.

The forming equipment segment is projected to account for the largest share in the pet food processing market during the forecast period.

The forming equipment segment is projected to account for the largest market share due to the increasing demand for extrusion solutions and increasing application in the pet food processing market. Some of the major extrusion equipment manufacturing companies in the pet food industry are Buhler AG (Switzerland), Baker Perkins Ltd. (UK), and Clextral SAS (France). The introduction of innovative extrusion machinery for manufacturing customized pet food has encouraged manufacturers to opt for extrusion-based manufacturing, which is projected to drive the growth of the forming segment. In addition, this segment is projected to account for the largest market share during the forecast period.

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The Asia Pacific region is projected to be the fastest-growing market for pet food processing during the forecast period.

The Asia Pacific region is projected to be the fastest-growing market for pet food processing during the forecast period. The region witnesses a high demand for pet food products due to the increasing acceptance of pets. The rising concerns among pet owners regarding the health of pets have led to an increase in demand for high-quality pet food products that require specialized machinery. These factors are projected to create growth opportunities for equipment manufacturers in countries such as India, China, Japan, and Thailand.

The pet food processing market comprises major players, such as Andritz Group (Austria), Buhler Holding AG (Switzerland), The Middleby Corporation (US), GEA Group (Germany), Baker Perkins Ltd. (UK), Clextral SAS (France), Precision Food Innovations (US), Mepaco Group (US), Coperion GMBH (Germany), F.N. Smith Corporation (US), Reading Bakery Systems (US), and Selo (Netherlands). The study includes an in-depth competitive analysis of these players in the pet food processing market, with their company profiles, recent developments, and the key market strategies.

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Seed Coating Market is Projected to Reach $3.0 billion by 2025

The report “Seed Coating Market by Additive (Polymers, Colorants, Pellets, Minerals/Pumice, Active Ingredients), Process (Film Coating, Encrusting, Pelleting), Active Ingredient (Protectants and Phytoactive Promoters), Crop Type, Region – Global Forecast to 2025″, is projected to grow at a CAGR of 8.5% from USD 1.8 billion in 2019 to reach a projected value of USD 3.0 billion by 2025. The quality, appearance, and nutritive value of seeds are the key factors contributing to the growth of the seed coating market. Seed coatings offer help to raise the commercial value of seeds by enhancing their appearance, improved handling, flowability through planters, and making them more productive. Hence, seed coatings are projected to offer business opportunities for manufacturers in the next five years. Due to these factors, many multinational players are focusing on producing various types of seed coating products.

The cereals & grains segment is estimated to account for a larger market share, in terms of value, in 2019

Seed coatings are applied to cereals, grains, oilseeds, pulses, vegetables, flowers, ornamentals, and other crops, such as turf and forage grass. The demand for seed coating materials is projected to remain high due to the high consumer awareness about the key attributes of coated seeds and their advantages to increase the crop yield and protection against soilborne pests and diseases.

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The polymer segment is estimated to hold the largest share in seed coatings market, in terms of value, in 2019

Key additives of seed coatings include polymers, colorants, active ingredients, pellets, minerals/pumice, and other additives. Seed coating polymers are widely used as coatings in two major forms, which are polymer gels and superabsorbent polymer gels. These are water-based polymers of low viscous range that are required for enhanced seed germination. Ease of handling and improved flowability through planters are also the key factors, due to which this segment accounts for a major share in the market.

Innovative, environment-friendly, and cost-effective solutions—the key to success for manufacturers in the North American and European region

The North American and European region accounted for the largest share in the global seed coating market in 2018. Increasing awareness about the benefits of seed coatings is projected to drive the growth of the market in these regions. In addition, adding seed coatings is an economical option and is preferred by the Canadian farmers as a risk-hedging technique, which has led to increased sales of coated seeds in the North American market. North America and Europe dominated the market and accounted for the largest share globally, as seed coating products are gaining acceptance among the organic cultivators, which prefer only biodegradable techniques of seed coating production for cultivation.

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This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies, such as BASF SE (Germany), Bayer AG (Germany), Clariant AG (Switzerland), and Croda International Plc (UK).

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Contact:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
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