Key Market Dynamics in Global Hydroponics Market

The hydroponics market is projected to reach USD 16.0 billion by 2025, from USD 8.1 billion in 2019, at a CAGR of 12.1% during the forecast period. The market is driven by factors such as the growing acceptance of controlled environment agriculture and increasing technological advancements in hydroponic systems.

According to the FAO, due to the increasing population, food production is expected to rise by 70% before 2050. On the other hand, natural prerequisites of agriculture, viz., arable land and water have been depleting, with rapid urbanization across the globe. To feed the increasing population, the productivity of food crops needs to be increased in the existing arable land, and also alternative farming techniques such as urban farming need to be encouraged.

Key Players:

• Signify Holdings (Netherlands)
• Argus Control Systems (Canada)
• Heliospectra AB (Sweden)
• Scotts Miracle Gro (US)
• American Hydroponics (US)
• LumiGrow (US)

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=94055021

Higher yield as compared to conventional agriculture practices

Hydroponic systems or soil-less agriculture reduce the farmer’s consumption of resources, thereby enabling this farming technique to be adopted by a large number of stakeholders, ranging from home gardeners to professional growers, and supermarkets to restaurants. According to the UN reports on global population, plants grown in hydroponic systems have achieved 20%–25% higher yield than the traditional agriculture system, with its productivity being 2–5 times higher. Also, owing to controlled environmental conditions, the effect of climatic changes can be balanced with the help of these systems, thereby not affecting the annual crop production. CEH techniques directly affect the crop harvest cycle; hence, for hydroponic systems, crop harvest cycles are shorter in comparison to traditional farming techniques, thereby increasing the annual yield. Also, since climatic changes show a minimal effect on such systems, crops can be produced all year round, thereby again increasing the produce.

Lack of government policy and tax breaks in developing countries

Hydroponic farming is seen as a key factor in improving food security in developing regions; however, while government support through tax cuts is present in developed countries, the same cannot be said for developing countries. The availability of the best equipment is fairly limited and often needs to be imported, which attracts taxes adding to the costs for hydroponic growers. The lack of tax cuts and incentives is also a key factor that hinders the growth of hydroponics in developing regions as the high set-up costs and running costs can often render operations unfeasible. The need for basic training and technical knowledge is necessary for operating hydroponic farms, which although is present in developing countries, does not add significantly to the value of hydroponic farms. The high costs of production often result in high costs of the final product, which in itself can draw consumers away in price-sensitive markets.

Entrance of new players in the market

Due to increased popularity and adoption of hydroponics, many new players are entering the market. For instance, Larry Ellison, founder, chairman, and CTO of Oracle, launched a hydroponic farming start-up, named Sensei in Los Angeles. The company plans to build 10 greenhouses covering 200,000 square feet on the Hawaiian island of Lanai and instead of measuring output by volume, Sensei will measure nutrition per acre.

Various investors are also supporting hydroponics start-ups globally. For instance, in June 2017 a high-tech indoor, vertical farming start-up, Bowery Farming, announced it had raised USD 20 million in a Series A1 co-led by General Catalyst and GGV Capital, and including GV, First Round Capital, and other seed round investors. In July 2017, a San Francisco-based indoor vertical farming start-up, Plenty, raised the largest agtech funding round in history – a USD 200 million Series B led by SoftBank Vision Fund – the USD 93 billion all-stage tech fund headed by a Japanese investor, Masayoshi Son. Other participants in the round include affiliates of Louis M. Bacon, the founder of Moore Capital Management, and existing investors Eric Schmidt’s Innovation Endeavors, Finistere, DCM, Data Collective, and Bezos Expeditions. Plenty has plans to open 500 hydroponics farms in all the major cities of more than 1 million inhabitants, globally.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=94055021

Many start-ups have also emerged in the Asia Pacific region, the fastest-growing region for the hydroponics market. For instance, Future Farms based in Chennai, India has developed effective and accessible farming kits to facilitate hydroponics. The company develops indigenous systems and solutions, made from premium, food-grade materials that are efficient and affordable for Indian growers. Junga FreshnGreen, an agri-tech start-up, is a joint venture with a leading Netherlands-based Agricultural technology company – Westlandse Project Combinatie BV (WPC). It is setting up high-technology farms in India. The company will create a hydroponics model that can cultivate farm fresh vegetables that have a predictable quality, having little or no pesticides, and unaffected by weather or soil conditions.

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

The European hydroponics market is projected to be the largest between 2019 and 2025, while the Asia Pacific market is projected to grow at the highest CAGR. Europe was the largest producer of hydroponic crops in 2018. It is still the largest market for hydroponically produced crops. Europe has traditionally been at the forefront of implementing advanced techniques in hydroponic smart greenhouse horticulture. Countries such as the Netherlands, Spain, and France have large areas under greenhouse cultivation. However, in the Netherlands, growers mostly cultivate their plants in simple tunnel-like greenhouses without the use of climate control technologies. The advancement in greenhouse farming has supported the growth of hydroponics in Europe.

Omega-3 Market | Opportunities | Outlook

Report Objectives:

To define, segment, and project the global market size for omega-3
To understand the omega-3 market by identifying its various subsegments
To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
To analyze the micromarkets, with respect to individual growth trends, prospects, and their contribution to the total market
To project the size of the market and its submarkets, in terms of value, with respect to the regions (along with their respective key countries)
To profile the key players and comprehensively analyze their core competencies
To understand the competitive landscape and identify the major growth strategies adopted by the players across the key regions
To analyze the competitive developments, such as expansions & investments, mergers & acquisitions, new product launches, partnerships, collaborations, and agreements

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=227

Recent Developments:

In October 2019, KD Pharma (Germany) introduced Kardio3, which is a blend of omega-3, vitamin K2, and phytosterols. It aids in maintaining healthy lipids and supports heart and bone health.
In September 2019, Epax (Norway) announced an investment of USD 35 million over the next two years for the innovation of its Omega-3 sector. This investment will allow Epax to have better capacity in the omega-3 industry at its main site of production in Norway. It will facilitate the extended concentration of EPA and DHA without prompting oxidation, which will ultimately avoid unwanted by-products.
In September 2019, Polaris (France) launched Omegavie DHA 700 algae Sensory QualitySilver, which would help the company in the field of algal omega-3. The product majorly contains DHA and also contains excellent organoleptic properties.

Factors Influencing Global Growth:

Drivers

Consumer Awareness Regarding the Health Benefits of Omega-3
Increase in Application Profiling and Existing Applications Finding New Markets
Innovative Production Technologies

Restraints

Lower Fish Oil Supply Due to Sustainability Issues Among Fisheries
Lack of Clarity Among Consumers About Daily Recommended Intake

Opportunities

Research for the Development of Alternative Sources to Obtain Omega-3
Emerging Economies of Asia Pacific and South America to Witness High Growth
Favorable Regulatory Environment
Microencapsulation
Awareness About Certified Food Ingredients

Challenges

High Cost Involved in R&D Activities
Highly Unstable Fish Oil Prices

Monetary Growth Expectations, Globally:

The omega-3 market size is estimated to account for a value of USD 4.1 billion in 2019 and is projected to grow at a CAGR of 13.1% from 2019, to reach a value of USD 8.5 billion by 2025. Consumer awareness regarding the health benefits of omega-3 and an increase in application profiling and existing applications finding new markets are projected to drive the growth of the omega-3 industry.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=227

Geographical Growth Scenario:

The omega-3 market in Asia Pacific is projected to witness high growth due to rising awareness about its health benefits and increasing disposable income of the population in the Asia Pacific countries. With the growing inclination toward healthy aging in the region, the adult population prefers consuming dietary supplements, including omega-3, as per the recommendations by the Global Organization for EPA & DHA Omega-3 (GOED). Moreover, in Asia Pacific countries, the governments are also focusing on and promoting fortified foods, and many big brands such as BASF (Germany) and Croda International (UK) have expanded their operations in these countries to cater to the growing demand for omega-3. Key manufacturers prefer expanding in the Asia Pacific region, as it provides cost-effective benefits during production and processing. The high demand for omega-3 and low cost of production are the major factors that are projected to encourage suppliers and manufacturers to invest in this market. In addition, Asia Pacific has the highest growth potential due to factors such as high economic growth and the increase in income of individuals in the region. The high population growth and increase in FDI are factors that are driving the growth of the omega-3 market.

Leading Market Players:

Epax (Norway)
Croda International (UK)
Golden Omega (Chile)
GC Rieber (Norway)
Cargill (US)
DSM (Netherlands)
BASF (Germany)

Growing Consumption of Fermented Products for Health Claims Fueling the Demand for Fermenters

Consumers are focusing on having healthy lifestyles through the consumption of various fermented products that impart better gut health. Consumers’ perception about fermented products is rapidly growing as a result of the increasing health benefits provided by these products. The psychological health benefits provided by fermented products are gaining high traction among consumers through health claims that include immunity, cardiovascular, digestive, and slimming aids. Consumers are expecting a variety of new categories in fermented products that help promote sleeping and decrease internal body heat. For instance, fermented food producers have started the usage of probiotics in kombucha, a fermented tea drink, due to the increased health benefits offered. Hence, the increasing consumer focus on the consumption of fermented food products for various health claims is another factor to drive the growth of the fermenters market.

The global market for fermenters is projected to reach USD 1.68 billion by 2023, at a CAGR of 8.4%

The fermenters market is majorly driven by their application in food, beverages, and healthcare products & cosmetics. The market is driven by consumer awareness about the health benefits provided by fermenters; these include improved immunity, digestion, and weight management associated with fermented products. Fermenters are broadly used for producing microbial cultures that are used in the production of alcoholic fermentation of beverages, such as beers and wines. They are also used in food products such as yogurt, pickles, kombucha, tempeh, kimchi, bakery & related products, and antibiotics.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=101132363

Rise in consumption of fermented beverages across the globe drives the growth prospects of fermenters

The rapidly growing fermented beverage industry is expected to dominate and drive the demand for fermenter systems and solutions during the forecast period, owing to the growing popularity of a variety of beers and wines in the emerging economies, worldwide. According to the Brewer’s Association, in 2017, the craft beer sales continued to grow at a rate of about 5%, by volume, which reached 12.7% of the US beer market. According to the TTB and US Commerce, 2018, the US domestically produced about 83% of the beer; and 17% of it was imported from more than 100 different countries. According to TTB preliminary reports, the US recorded about 5,648 brewery production facilities in the region in 2017. According to the Brewers of Europe Organization, in 2016, Germany, the UK, Poland, Spain, and the Netherlands recorded high growth in beer production. Thus, the growing popularity of beer among consumers is expected to lead to the exponential growth in demand for fermented beverages, thereby increasing the demand for fermenters used for alcoholic fermentation of these beverages. Hence, the beverages segment, by application, is projected to be the largest and fastest-growing market between 2018 and 2023.

Geographical Prominence

Asia Pacific is the fastest-growing region in the global economy. Fermentation advancements in the Asia Pacific food & beverage industry have resulted in more opportunities for the fermenters market. The region is expanding as a leading region in the production of a variety of probiotic-based foods, beverages, and dietary supplements. Innovations have also been reported in the dessert, confectionery, and fermented food sectors in the region. India is one of the fastest-growing markets for fermenters due to the increase in demand for fermented food, beverage, and healthcare products in the country.

Factors driving the growth of the Asia Pacific fermenter market are increase in awareness among consumers about fermented food products, rise in demand for cheese and related products among consumers, growing incidences of antibiotic-resistant infectious diseases—which has led to the demand for microorganisms or microbial strains using fermenters, growing health awareness, the rising demand for fortified fermented food products, and the increasing preference for natural products.

Emerging economies such as India, Brazil, and Mexico have the favorable market potential for fermented food products, which has led food manufacturers in these countries to adopt strategies, such as expansions, to cater to the rising demand and use of fermenters to increase the production capacity of fermented products.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=101132363

Conclusion

The major players in the fermenters market have adopted strategies, such as acquisitions, partnerships, investments, expansions, and agreements, to achieve growth. Companies are involved in major acquisitions and joint ventures that have strengthened their market positions in the fermenters market and expansion in their product portfolios and production capacity facilities.

Rise in demand and consumption for fermented food & beverages, such as cheese, beer, and wine, and the increasing awareness among the consumers relating to food preservation and benefits of the fermentation process are the major factors that are expected to fuel the growth of the fermenters market in the next coming years. The popularity of super premium beers and imported beers is increasing among the young population, given the increasing disposable income in developed economies. Furthermore, new technological innovations in fermenter design, coupled with the rising advancements in the food industry, such as the advent of cultured and plant-based meat, will spur the market growth in the coming years.

Lutein Market – Anticipated To Witness High Growth In The Near Future

The report “Lutein Market by Form (Powder & Crystalline, Oil Suspension, Beadlet, Emulsion), Source (Natural, Synthetic), Application (Food, Beverages, Dietary Supplements, Animal Feed), Production Process, and Region – Global Forecast to 2022“, published by MarketsandMarkets™, The market for lutein, in terms of value, is estimated to be USD 263.8 Million in 2017, and is projected to reach USD 357.7 Million by 2022, at a CAGR of 6.3% from 2017.

The increase in demand for lutein as a natural colorant in food and beverage applications, rise in demand for eye health supplements, and the use of lutein in animal feed additives are expected to drive the demand for this ingredient in various consumer markets. Lutein plays a vital role in preventing age-related macular degeneration (AMD) disease. The Lutein Market, over the past few years, has been largely driven by the growing demand health supplements that contain lutein. Eye health supplements that contain lutein help preventing/curing eye diseases such as AMD and cataract. However, currently, the manufacturers are increasingly inclined to invest in other end-use applications and hence the market for dietary supplements application is growing at a lower rate when compared to applications such as food and beverages.

Key Players:

BASF (Germany)
Chr. Hansen (Denmark)
E.I.D. Parry (India)
Kemin (US)
OmniActive (India)
Zhejiang Medicine (China)

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=69753879

The dietary supplements segment expected to dominate the Lutein Market through 2022.

In 2016, the dietary supplements segment accounted for the largest share, by application, in the Lutein Market in terms of value and volume, as lutein is mainly associated with the eye health and is increasingly used as an ingredient in the eye health supplements.

Naturally sourced lutein is projected to be the faster-growing market during the forecast period.

The natural segment is projected to grow at a higher CAGR from 2017 to 2022. Growing awareness about the benefits of naturally obtained lutein and the increasing health conscious population leads to increased spending on high-quality lutein products, subsequently driving the market for naturally sourced lutein.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=69753879

The emulsions segment is projected to be the fastest-growing segment in the Lutein Market from 2017 to 2022.

The demand for emulsion form of lutein is increasing around the globe, especially in developing countries such as China, India, and Brazil. Lutein emulsion is generally used in food and beverage applications and is currently used in cosmetics as well. Fortified food emulsion is widely used in the functional food segment wherein carotenoid-protein complex is used to prepare an emulsion. Leading players are gradually expanding their product range by developing lutein emulsion for the food industry. The emulsion segment is hence projected to be the fastest-growing segment in the Lutein Market from 2017 to 2022.

Asia Pacific is projected to be the fastest-growing regional market for lutein.

The Asia Pacific region is projected to be the fastest-growing market for lutein over the next five years, owing to increase in overall economic growth which has led to an increase in urbanization and rapid industrialization and subsequent growth in the consumer markets of China, India, Australia, and Japan.

In this region, countries such as India, China, and Japan hold a major share of more than 60% of the Asia Pacific Lutein Market. India is one of the fastest-growing markets for lutein in the Asia Pacific region. The changing lifestyle and preferences, increasing awareness regarding the benefits of lutein, the growth of the health-conscious population, higher disposable incomes, and growth of the middle-class population are some of the factors driving the growth of lutein the market in India.

Need for Higher Productivity Using Limited Land Area Drives the Potash Fertilizers Market

“Potash” is a synonym term usually used for “fertilizer potassium”, in crop production techniques. It is a plant macronutrient that is available in the form of potassium chloride (KCl) or potassium sulphate (K₂SO₄) in the soil. Potassium is one such nutrient that is not stored by human body and needs to be continually supplemented for from dietary sources, which necessitates the presence of potassium in appropriate quantities in the food crops. One potassium form that is highly used in fertilizers in “Potassium oxide” (K₂O), along with some other elements that enhance its solubility in the soil. The fertilizers are either in solid form which is powder, or liquid form. These are directly applicable via methods like broadcasting, foliar spraying, and fertigation.

The global potash fertilizers market is estimated to be valued at USD 21.60 billion in 2017, and is projected to reach USD 26.87 billion by 2022, at a CAGR of 4.47%. The potash fertilizers market is driven by the rise in need for higher productivity using limited land area and increase in applicability of potash fertilizers. There is rising trend toward the consumption of organic food & food products, those which are produced without any synthetic or chemical inputs or with only natural or biofertilizers. This has been considered as one of the restraining factors for the market.

Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=35790308

Supply-Demand indexes for potash based:

According to the “Status of the World soil resources” report 2016 of “Food and Agricultural organisation” of U.N, soil erosion is estimated to wash off around 15-26 million tonnes of potassium (K), from the agricultural lands all over the world. These losses need to be curbed through external supply of the nutrient into the soil. A steady rise in the supply of potash fertilizers has been observed over the years 2015-2020.

The world fertilizer demand is projected for year 2020, by the “World Fertilizer trends and outlooks” report of “Food and Agricultural organisation” of U.N, the demand for the potash along with expected rise in CAGR.

Future Market Prospects and Challenges:

The fertilizers market is greatly driven by substantial natural factors such as, rising soil erosion levels, nutrient imbalances in the soils, land take or increasing urbanisation leading to lesser availability of agricultural lands, and soil acidification. Macro-economic factors driving the market include rising population in turn rising food demands globally, dependence on fertilizers for larger volumes of produce, and decreasing arable lands in different regions. The global potash fertilizers market was valued at USD 20,724.6 Million in 2016, and was projected to rise at a CAGR of 4.47% from 2017-2022. Over these the potential challenges that the fertilizer market faces today cannot be underestimated, such as rising awareness regarding organic soil management practices, rising consumption of organic foods, advancements of agricultural technologies and machineries.

Speak to Analyst:
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=35790308

Although the market for these fertilisers has its drivers and challenges in equity, demand of potash as an agricultural nutrient has still managed to experience constancy in the level of demand over the years, and is expected to keep steadily rising. Infact potash fertilizer prices have risen by approximately 10% in 2019, due to the rise of prices of potash as a raw materials, which denotes significant opportunities in the market.

Growing Demand For Functional and Convenience Food Products and the Rising Trend of Clean Label Drive the Gelatin Market

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. The gelatin market is driven by various factors such as the growing demand for functional and convenience food & beverage products, increasing application in the pharmaceutical industry, and rising demand for clean-label products. However, competition from gelatin alternatives and cultural restrictions are projected to hinder the growth of the market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=850

Abundant availability and health benefits of gelatin drive the bovine skin market growth

In terms of value, the bovine skin segment is projected to grow at the highest CAGR from 2018 to 2023. Bovine is one of the most widely used sources to manufacture gelatin because of its abundance and easy availability. Gelatin is also helpful in muscle mass building, metabolism boosting, and skin & hair improvement. Yet, some consumers demand an alternative gelatin source due to factors such as the growing demand for vegan food products, religious barriers, health concerns, and increased raw material prices. The rising demand for sports nutrition and fortified food & beverage products fuels the demand for bovine skin gelatin.

Key Players:

Darling Ingredients (US)
Gelita (Germany), Nitta Gelatin (Japan)
Tessenderlo Group (Belgium)
Weishardt (France)
Trobas Gelatine (Netherlands)
India Gelatine & Chemicals (India)

The food segment is projected to hold the largest market share during the forecast period

In terms of value, the food segment is estimated to hold the largest market share in 2018. Gelatin is considered as a non-allergic protein source to be incorporated in functional & nutritional food & beverage products. The rising demand for nutritional confectionery products as well as functional beverages such as nutritional bars and sports drinks has been stimulating the demand for gelatin. Moreover, gelatin is naturally derived from animal skin and bone, making them clean label ingredients.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=850

Asia Pacific is projected to be the fastest-growing region in the gelatin market, in terms of value

The Asia Pacific market is projected to be the fastest-growing. According to the Population Reference Bureau in 2014, the fast-growing consumer markets of China, India, and other Asia Pacific countries have a combined population exceeding four billion people; this is projected to become an increasingly important driver for global consumption over the next two decades, led by rapidly rising household incomes and fast-growing middle-class population. As a result, the region is estimated to dominate the gelatin market in terms of value.

Research Coverage

The study covers the gelatin market across segments. It aims at estimating the market size and its growth potential across different segments such as source, application, and region. The study also includes an in-depth competitive analysis of key players in the market, along with company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Explore the Jaw-Dropping Growth Potential in Industrial Hemp Market

According to the US Farm Bill 2014, industrial hemp is defined as, “the plant Cannabis sativa L. and any part of such plant, whether growing or not, with a delta-9 tetrahydrocannabinol (THC) concentration of not more than 0.3% on a dry weight basis.”

MarketsandMarkets projects that the global industrial hemp market is projected to grow from USD 4.6 billion in 2019 to USD 26.6 billion by 2025, recording a compound annual growth rate (CAGR) of 34.0% during the forecast period. The growing usage of hemp-derived seed as a superfood due to its rich nutritional profile and other health benefits is driving the market for industrial hemp. Furthermore, increasing legalization of hemp in different countries across the world is also driving the growth of industrial hemp.

Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=84188417

Hemp fiber is estimated to dominate the market for industrial hemp in 2019. It is used primarily in the textile and pulp & paper industry, due to its long and robust fibers as compared to cotton. Furthermore, being a renewable source material, its application to obtain biofuels and bioplastics has been expected to increase its demand in the coming years.

Food is projected to be the dominating application segment of the industrial hemp market during the forecast period due to the wide application of hemp seeds and hemp seed oil in food products for their vitamins, proteins, and omega-3 fatty acid content. Hemp seeds are consumed raw or are used as a topping in cereals, smoothies, and yogurt. Rising consumer awareness about the benefits of consuming hemp-based products is driving the market for its application in food.

Scope of the Report:

This research report categorizes the industrial hemp market based on type, application, source, and region.

Based on type, the industrial hemp market has been segmented as follows:

Hemp seed
Hemp seed oil
CBD hemp oil
Hemp fiber

Based on application, the industrial hemp market has been segmented as follows:

Food
- Snacks & cereals
- Soup, sauces, and seasonings
- Bakery
- Diary & frozen desserts
- Others (cold cereals, pasta, chocolate spreads, and pet food)
Beverages
- Hot beverages
- Sports & energy drinks
- Ready to drink
- Others (meal replacement drinks, beverage mixes, beverage concentrates, and juice drinks)
Personal care products
Textiles
Pharmaceuticals
Others (paper, automobiles, construction & materials, furniture, and pet food)

Based on the source, the industrial hemp market has been segmented as follows:

Organic
Conventional

Based on the region, the industrial hemp market has been segmented as follows:

North America
Europe
Asia Pacific
RoW (South America, Africa, and the Middle East)

Geographical Analysis

Further breakdown of the Rest of Europe industrial hemp market, by key country
Further breakdown of the industrial hemp market for food application by region

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=84188417

The increasing legalization of the cultivation of hemp provides enormous opportunities to the manufacturers and research institutions to develop new products from industrial hemp. Bioplastic is one such product that can be manufactured from the leftover of hemp seeds and CBD oil. Furthermore, biofuel derived from the hemp plant provides opportunities for the companies to explore this application of hemp as a fuel for automobiles. The growing consumer demand for sustainable goods, along with initiatives and support from corporate and government, is expected to support the growth of hemp-based biofuel and bioplastics in the coming years.

Aquaculture Market Size, Share and Market Forecast to 2025 | Key Players: Pentair plc, AKVA Group, Xylem Inc.

The global aquaculture market size is projected to grow from USD 30.1 billion in 2018 to USD 42.6 billion by 2023, recording a CAGR of 7.2% during the forecast period. The aquaculture market is driven by increasing consumption of aquaproducts, rise in cage aquafarming, and the decline in the value of captured fishes. Furthermore, advancements in aquaculture technology and seafood trade are also driving the demand for aquaculture products. However, stringent food safety regulations associated with the consumption of aquaculture food products is projected to hinder the market growth.

Request for Customization of this report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=2224024

The pharmaceuticals segment in the aquaculture market is projected to be the fastest-growing segment, in terms of value

The demand for pharmaceutical products in aquaculture has increased due to their role in promoting growth and preventing diseases in fish. Further, increasing R&D in the pharmaceuticals sector has facilitated higher acceptance of drugs, medicated feed, and vaccines, specifically in developed countries such as the US and Canada. Additionally, there has been a growing adoption of in-feed medication for fish to prevent the large-scale spread of diseases across Europe, given the limited use of antibiotics in the region.

Key Players:

Pentair plc, (US)
AKVA Group (Norway)
Xylem Inc. (US)
Aquaculture Equipment Ltd. (UK)
Aquaculture System Technologies (US)
Luxsol (Belgium)
Pioneer Group (Taiwan)
CPI Equipment Inc. (US)
Asakua (Turkey)

The aquatic animals segment is projected to account for the largest market share during the forecast period

The aquatic animals segment is further divided into crustaceans, mollusks, finfishes, and others. The growing demand for protein-rich food in developing countries such as India, Bangladesh, Indonesia, and Vietnam is driving the demand for aquatic animals. Additionally, the government support for fish aquafarming, specifically in Asia Pacific and Africa is growing to mitigate poverty levels, as aquaculture is an important source of employment in the coastal regions of these countries; hence, several aquaproduct manufacturers are encouraged to invest in these two regions.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=2224024

The Asia Pacific market is projected to account for the largest share during the forecast period

Asia Pacific is projected to account for the largest market share during the forecast period, due to the rising consumer demand for aquaculture food products and the increasing industrialization of aquafarming. Furthermore, according to FAO, Asia has the largest inland and marine culture cultivation of aquatic plants, with freshwater culture acquiring more than 50% and marine water acquiring more than 30% of the total aquatic animal cultivation, globally, which drives the aquaculture market. Additionally, the adoption of new technologies and modern tools is also driving the market growth in this region.

Synthite Industries Pvt Ltd and Plant Lipids Are Focusing On Expanding Their Facilities to Other Regions to Enhance Their Geographic Reach

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% during the forecast period. The increasing demand for natural products and increasing industrial application of oleoresins in different sectors.

Key players in this market include 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), Kancor Ingredients Ltd. (India), Plant Lipids (India), Kalsec Inc.(US), Gazignaire (France), and Universal Oleoresins (India).

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.

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=50554584

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.

Process Equipment Market for Seed Industry: Drivers, Restraints, Opportunities, and Challenges

Process equipment market for seed industry includes processed seed market and seed processing equipment market. The processed seed market is projected to reach a value of USD 91.32 billion by 2022, growing at a CAGR of 10.2% during the forecast period. The seed processing equipment market, on the other hand, is projected to reach USD 3.25 billion by 2022 from 2017, at a CAGR of 10.2%. This market is projected to grow at a high rate due to the necessity to increase the food production, with the decrease in arable land. Furthermore, greater acceptance and area under GM crop, followed by the increase in globalized trade for processed seed, are some of the major factors driving the growth of the market, globally.

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=112191741

In the processed seed market, on the basis of crop type, the fruits & vegetables segment is projected to grow at the highest CAGR during the forecast period. The increase in demand for vegetables & fruits and limited production have driven the demand for high yielding traits and commercial seed products. Also, the growing awareness among farmers in developing countries about the benefits of processed seed over farm-saved seed is driving the production of processed seed around the globe.

Market Dynamics:

Drivers:

Increasing Acceptance and Area Under GM Crop
Increasing Global Trade for Processed Seed
Increasing Awareness in Developing Countries

Restraints:

High Price of Processed Seeds

Opportunities:

Improving Seed Replacement Rate in Developing Countries
Arrival of New Technologies With Potential Advantages on Existing Conventional Crops

Challenges:

Regulations in GM Crop

On the basis of method, the processed seed market is segmented into mechanical, biological, and chemical. The biological segment is projected to grow at a higher CAGR during the forecast period. The high growth of the segment is attributed to the increase in the demand for organic products and organic farming, which has led the growth of the biological processed seed and also led to the increase in scientific development of biological control agents in the crop protection industry.

In the seed processing equipment market, on the basis of type, the market for coaters is projected to grow at the highest CAGR during the forecast period. The increasing awareness about the benefits of seed coating with various pesticides, insecticides, and biologicals has driven the demand for the coated processed seed products, thus boosting the demand for coaters in the developing countries.

In the Asia Pacific region; the market is projected to grow at the highest CAGR during the forecast period. The major factors for this growth are increasing awareness about the benefits of processed seed and increasing demand for food in the region. This has led to increased processing, which acted as a major driver for the seed processing equipment market.