Biostimulants Market to Surge by 2030: Industry Report Highlights Trends and Forecasts

The global biostimulants market is projected to grow from USD 4.46 billion in 2025 to USD 7.84 billion by 2030, reflecting a CAGR of 11.9% during the forecast period. This robust growth is primarily fueled by the rising adoption of sustainable agricultural practices, the expanding use of organic farming, and heightened awareness about the benefits of biostimulants in enhancing crop yield, quality, and resilience to abiotic stress.

Supportive government initiatives—such as the European Union’s Farm to Fork strategy—are further accelerating market growth by promoting eco-friendly farming techniques. In parallel, advancements in biostimulant formulation and extraction technologies are improving product effectiveness and expanding their applicability across diverse crop types. Farmers are increasingly turning to biostimulants to boost nutrient efficiency, enhance soil health, and reduce dependency on chemical fertilizers. In addition, rising consumer demand for high-quality, residue-free produce is encouraging growers to incorporate biostimulants as part of their organic and sustainable farming toolkit.

By Active Ingredient: Amino Acids Lead the Market

The amino acids segment dominates the active ingredient category, owing to its critical role in supporting plant growth, enhancing nutrient uptake, and improving stress tolerance. Amino acids act as precursors to essential plant hormones, enzymes, and proteins that drive key physiological functions such as photosynthesis, nutrient assimilation, and root development. Their proven effectiveness in aiding plant recovery from abiotic stresses like drought, temperature fluctuations, and salinity makes them a preferred choice for farmers aiming to boost productivity and resilience.

One key player in this space is Aminocore (Germany), known for its natural amino acid-based fertilizers and biostimulants. Developed through mild enzymatic hydrolysis—a pharmaceutical-grade process—Aminocore’s products offer a superior free amino acid profile that is twice as effective as conventional solutions, without relying on synthetic components or toxic additives.

By Form: Liquid Biostimulants Dominate

In terms of form, the liquid biostimulants segment holds the largest market share, largely due to its ease of application, rapid absorption, and high efficacy in promoting plant growth and resistance to environmental stressors. Farmers widely favor liquid formulations as they are compatible with various application methods—including foliar sprays, fertigation, and soil drenching—ensuring uniform distribution and quick uptake by plants. Additionally, liquid biostimulants demonstrate strong compatibility with other agrochemicals and fertilizers, further enhancing nutrient absorption and crop response.

North America dominates the Biostimulants Market Share.

North America represents a substantial share of the global biostimulants market, underpinned by large-scale commercial farming, advanced agricultural technologies, and a strong focus on soil health and crop productivity. The United States and Canada lead the region with high-volume production of staple crops such as wheat, corn, and soybeans, which require consistent and efficient nutrient input.

Government support for organic and sustainable farming methods, coupled with growing awareness about the soil-enhancing and yield-boosting benefits of biostimulants, is further strengthening the market. Additionally, regional players are heavily investing in R&D to create next-generation biostimulant products with enhanced performance and wider crop applicability.

Leading Biostimulants Companies:

The report profiles key players such as UPL (India), FMC Corporation (US), Corteva (US), Syngenta Group (Switzerland), Sumitomo Chemical Co., Ltd. (Japan), Nufarm (Australia), Novonesis Group (Denmark), BASf SE (Germany), Bayer AG (Germany), PI Industries (India), T.Stanes and Company Limited (India), Gowan Company (US), J.M. Huber Corporation (US), Haifa Negev technologies LTD (Israel), and Koppert (Netherlands).

Plant Biotechnology Market Size, Share, and Growth Forecast

The plant biotechnology market size is estimated at USD 51.73 billion in 2025 and is projected to reach USD 76.79 billion by 2030, at a CAGR of 8.2% from 2025 to 2030. Biotechnology of plants has changed the development of crops through the application of advanced genetic engineering techniques. These technologies have been effective in developing GM crops that enhance agricultural productivity without compromising environmental safety. These new biotechnological techniques tackle the most urgent global food production issues by designing more sustainable and productive farming solutions. The three pillars of agriculture—sustainability, scientific advancements, and the pressing need to make the world habitable—shape its future. Beyond transforming food production, emerging biotechnological methods are influencing agriculture on a larger scale. These innovations offer the potential for a more productive and sustainable agricultural system, bridging the gap between groundbreaking research and practical implementation to address global nutritional demands.

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The biotech seeds/traits segment holds the highest market share in the product segment of the plant biotechnology market.

Biotech seeds, also known as genetically modified (GM) or genetically engineered (GE) seeds, are a cornerstone of modern plant biotechnology. These seeds have been developed using advanced genetic engineering techniques to introduce specific traits that enhance crop productivity, resistance to pests and diseases, tolerance to herbicides, and resilience against environmental stress. The use of biotech seeds has significantly transformed global agriculture, helping farmers increase yields, reduce input costs, and adopt more sustainable farming practices. The global demand for biotech seeds continues to rise due to increasing food security concerns, climate change, and the need to optimize agricultural land use.

By technology, genetic engineering is a segment to hold significant market share during the forecast period.

Genetic engineering enhances crop resistance to environmental stresses and minimizes the need for pesticides, fungicides, and fertilizers. Particular genetic changes can be introduced to include useful agronomic traits from related or unrelated species. In addition, genetic alteration of a plant adjusts its already inherited genetic make-up through processes such as knockout of genes, knocking down, or overexpression. Genetic modifications improve crops by enhancing desirable traits and reducing unwanted characteristics. Regulatory agencies like the FDA, EPA, and USDA conduct thorough safety assessments, ensuring genetically modified foods minimize health risks while promoting stress-resistant, high-yield crops with reduced agrochemical reliance.

Asia Pacific dominates the plant biotechnology market share.

The Asia-Pacific region, which comprises countries such as China, India, Japan, Australia, and New Zealand, is the focal point of global agriculture. With a high proportion of the world’s population in this region, it is faced with the pressing challenge of ensuring food security amidst limited arable land and changing climatic trends. Biotechnology has become a key tool in fighting these challenges, with new ways in plant cultivation, biological crop protection, and the production of biotech seeds that have greater tolerance to environmental stresses.

The report profiles key players such as BASF SE (Germany), Bayer AG (Germany), Corteva Agroscience (US), Syngenta AG (Switzerland), FMC Corporation (US), UPL (India), Sumitomo Chemical Co. Ltd. (Japan), Nufarm (Australia), KWS SAAT SE & Co. KGAA (Germany), Pro Farm Group (US), Limagrain (France), STK Bio AG Technologies (Israel), Vestaron Corporation (US), Certis USA LLC (US), and DLF Seeds (Denmark).

North American Crop Protection Chemicals Market Report – 2029

The North American crop protection chemicals market is poised for significant growth, projected to reach USD 21.0 billion by 2029, up from USD 15.98 billion in 2024. This growth is anticipated to occur at a compound annual growth rate (CAGR) of 5.6% in terms of value.

North America, particularly the U.S., Canada, and Mexico, stands as a key region for the export of agricultural products, making it one of the largest consumers of crop protection chemicals. The market is largely driven by large-scale agricultural operations focused on exports, supported by a well-organized distribution chain and advanced farming practices.

Key Drivers of Market Growth

Several factors contribute to the expansion of the North American crop protection chemicals market:

Fertile Soils and Land Resources: The region benefits from abundant land and fertile soils, enabling efficient agricultural operations.
Availability of Water: Access to sufficient water resources ensures consistent crop production and growth.
Entrepreneurial Farmers: North America boasts a high number of innovative and skilled farmers dedicated to adopting advanced agricultural practices.
Efficient Infrastructure: Robust infrastructure facilitates smooth distribution and application of crop protection chemicals across vast agricultural landscapes.

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Challenges Facing the Market

Despite these advantages, challenges remain, such as:

Resource Optimization: There is a growing emphasis on managing and optimizing the use of natural resources like water and soil, which influences the demand for more sustainable crop protection solutions.
Labor Costs: Increasing labor costs necessitate the development of more cost-effective and efficient crop protection solutions to maintain productivity levels.

Herbicides Leading the Market Share

Herbicides are expected to dominate the North American crop protection chemicals market during the forecast period. Their widespread use is driven by their effectiveness in managing weeds, especially for staple crops such as corn, soybeans, and wheat.

The adoption of genetically modified herbicide-resistant crops has further enabled the use of broad-spectrum herbicides with minimal risk to the crops. These chemical solutions not only reduce the need for hand weeding but also offer significant cost savings for large-scale farming operations.

Furthermore, ongoing innovations in herbicide formulations enhance their environmental friendliness and overall efficiency, making them indispensable for modern agricultural practices.

US Market Dominance

The United States continues to be the leading player in the North American crop protection chemicals market.

With its vast agricultural landscape and high crop yields, the U.S.

requires significant inputs to manage weeds, pests, and diseases effectively. As a major producer of key crops like corn, soybeans, wheat, and cotton, the country places a strong emphasis on crop protection.

Major U.S.-based companies such as Corteva and FMC Corporation are actively developing a variety of crop protection solutions to boost agricultural productivity. For instance, in 2024, FMC launched its new crop protection product, Ethos Elite LFR, which combines the established pyrethroid insecticide bifenthrin with biological strains Bacillus velezensis strain RTI301 and Bacillus subtilis strain RTI477, providing broad-spectrum control against early-season diseases and soilborne pests.

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Recent Developments in North American Crop Protection Chemicals Market

Several recent advancements in crop protection chemicals highlight the region’s innovation:

FMC Corporation Research: In May 2024, FMC Corporation announced a partnership with AgroSpheres to accelerate the development of novel bioinsecticides.
Bayer-AlphaBio Agreement: In April 2024, Bayer secured exclusive rights to a novel biological insecticide developed by AlphaBio Control, targeting arable crops like oilseed rape and cereals. This groundbreaking product is slated for a potential launch in 2028 after extensive development and registration.
Certis Biologicals Launch: In January 2024, Certis Biologicals launched Convergence, a biofungicide tailored for crops such as corn, soybeans, and peanuts, offering a bio-based solution for effective disease control and plant health.
Albaugh Specialty Products: Also in January 2024, Albaugh introduced Prothioconazole 4L Select, a DMI fungicide providing both preventive and curative control against a variety of turf diseases.

These developments underscore the region’s commitment to innovation and sustainability in crop protection, ensuring a dynamic and resilient agricultural sector.

Livestock Flooring Market Forecast: Growth Opportunities and Industry Insights

The livestock flooring market size is estimated at USD 1.76 billion in 2025 and is projected to reach USD 2.16 billion by 2030, at a CAGR of 4.2% from 2025 to 2030. Livestock flooring is a specialized solution designed to offer a safe, hygienic, and comfortable environment for animals within agricultural operations. This aspect becomes an important part of today’s farming as it supports animal welfare, minimizes health risks, and increases productivity. There exist various materials, including concrete, rubber, plastic, and metal, in livestock flooring systems to meet the needs of different animals, such as cattle, pigs, and poultry.

The global demand for meat, milk, and eggs has been driving steady growth in the livestock flooring market. Improvements in farming practices have increased the desire of animal farmers to invest in efficient, durable, easy-to-maintain flooring solutions to maximize their operations, while government measures encouraging hygiene and sustainable farming activities are also increasing market expansion. The integration of new technologies, like IoT-enabled flooring for real-time monitoring, is also changing the industry, so livestock flooring becomes a critical component of agricultural advancements across the globe.

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The concrete segment has the largest share within the material type sector of the livestock flooring market.

Concrete takes the largest market share based on material type, as it is relatively strong, cheap in the market, and accessible everywhere. The robustness of concrete enables it to handle massive loads with time and the daily wear of massive animals like cows and pigs. Concrete is extensively used in dairy farms, swine housing, and feedlots, where firm, stable flooring for the animal will ensure its safety and productivity.

Low maintenance requirements and adaptability to different livestock housing establishments fuel the growth of concrete flooring. Moreover, its customization with grooves or non-slip coatings enhances the texture, giving improved grip, which helps prevent injuries in animals. Concrete can be associated well with automated cleaning systems that improve hygiene and biosecurity, factors that are crucially adopted in modern livestock farms. These benefits associated with the cost-effective nature of concrete are the reasons it has become the dominant choice for large-scale livestock farming across the globe.

The panel series segment holds significant market share in the livestock flooring market.

Panel series products hold a significant market share in the livestock flooring market due to their durability, versatility, and animal comfort benefits. These products, primarily made of rubber, are designed to provide superior cushioning and support, reducing stress on animals’ joints and improving overall welfare. Their slip-resistant and shock-absorbing properties make them ideal for housing cattle, pigs, and other livestock, ensuring safety and productivity.

Rubber panel flooring is favored for its ease of installation, low maintenance, and long lifespan, which contribute to cost savings for farmers. Additionally, its non-porous surface promotes better hygiene by minimizing bacterial growth and facilitating efficient cleaning. With growing awareness of animal welfare and demand for sustainable solutions, panel series rubber flooring continues to be on the market, offering reliable and eco-friendly options for modern farming operations.

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North America has a significant share in the livestock flooring market.

North America holds a significant share of the livestock flooring market, driven by the region’s advanced agricultural infrastructure, high livestock production, and focus on animal welfare. The United States and Canada are key contributors, with a strong demand for innovative and durable flooring solutions that enhance productivity and ensure animal comfort.

Prominent players like Animat (Canada) and J&D Manufacturing (US) lead the market with cutting-edge products, including rubber mats, designed to improve hygiene, reduce injuries, and support efficient waste management. The region’s commitment to adopting modern farming practices and sustainability further drives the demand for high-quality flooring materials. Additionally, government support for agricultural advancements and the presence of well-established livestock farms reinforces North America’s dominant position in the global livestock flooring market.

Top Livestock Flooring Companies:

The report profiles key players such as The Tetra Laval Group (Switzerland), Anders Concrete (Belgium), Wolfenden Concrete Limited (UK), Agri & Industrial Rubber Ltd. (Ireland), Gummiwerk KRAIBURG Elastik GmbH & Co. KG (Germany), Bioret Agri (France), Animat Inc (Canada), Nooyen group (Netherlands), Agri-Plastics (Canada), J&D Manufacturing (US), Agriprom (Netherlands), Legend Rubber Inc. (Canada), Kapoor Mats and Steel (India), Vikas Rubbers (India), and MIK INTERNATIONAL GmbH & Co. KG (Germany).

Inoculants Market: A Comprehensive Guide to Key Players and Forecast

The global inoculants market size is estimated to be valued at USD 1.1 billion in 2022. It is anticipated to reach USD 1.7 billion by 2027, recording a CAGR of 8.1% in value. A more efficient fermentation is expected because of the addition of inoculants. Other major benefits of using inoculants are reduced fermentation losses and enhanced animal performance. Silage inoculants help to increase the nutritive value of feed and increase feed palatability. Adding inoculants and enzymes in silage helps lower the pH values, which, in turn, would help digestion in animals, especially cattle. The rise in demand for high-quality dairy products has encouraged governments across the globe to support silage practices in the respective countries. This has, in turn, boosted the demand for silage inoculants in recent years due to their characteristic of improving the physiological properties of silages

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The South American region is projected to grow at a highest CAGR in the inoculants market during the forecast period

The inoculants market in South America is projected to grow at the highest CAGR from 2022 to 2027. The requirement for better livestock management practices to cater to the increasing demand for meat and dairy products is projected to drive the market for silage inoculants in South America. The availability of arable land and expansion of farmlands, especially in Brazil and Argentina, are promising for growth in this market. Moreover, the demand for organic food products in the region is growing at a robust rate, further driving the agricultural inoculants market.

Key Players in the Market

Key players in this market include Corteva Agriscience (US), BASF SE (Germany), Bayer AG (Germany), Novozymes A/S (Denmark), Cargill, Incorporated (US), Archer Daniels Midland Company (US), DSM (Netherlands), Chr. Hansen Holding A/S (Denmark), Lallemand Inc. (Canada), Kemin Industries, Inc (US), Verdesian Life Sciences (US), BIO-CAT (US), Microbial Biological Fertilizers International (South Africa), Agrauxine (US), and Provita Supplements GmbH (Germany).

Bacterial segment is forecasted to grow at highest CAGR in the inoculants market

Bacterial inoculants serve as an alternative to increase crop productivity reducing the use of fertilizers. Bacterial inoculants are preferred by agricultural inoculant manufacturers, owing to their property of increasing crop yield. It also serves as an alternative to chemicals and fertilizers and promotes organic farming. Demand for organic food products at a global level creates growth opportunities for bacterial inoculant manufacturers. Bacterial characteristics such as biological nitrogen fixation are known to promote plant growth, thus driving the growth of the segment.

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The oilseeds & pulses segment is anticipated to grow at highest CAGR in the inoculants market

Oilseeds & pulses form a staple diet for millions in developing countries where they are grown abundantly. Also, regions that do not cultivate oilseeds and pulses traditionally have started to cultivate them because of their increasing importance as cash crops. Soybean production is expected to reach 441 tons (486.11 tons) by 2030, according to the OECD-FAO Agricultural Outlook 2021. Soybean is also considered a viable alternative forage when alfalfa or clover are in short supply due to winterkilling or drought conditions. Forage soybean is tolerant of drought and thrives when other forage legumes, such as alfalfa, are not available. The increased demand for oilseeds and pulses crops, such as soybean, canola, peas, beans, and other legume crops, is driving the growth of the segment.

Microirrigation: A Comprehensive Market Analysis

The microirrigation systems market is estimated at USD 10.4 billion in 2022 and is projected to reach USD 17.8 billion by 2028, at a CAGR of 9.4% from 2023 to 2028. Advancements in technology have significantly improved the efficiency and effectiveness of microirrigation systems. Automation and control systems allow for precise monitoring and management of water applications, ensuring optimal irrigation scheduling and reducing human error. Additionally, innovations in sensor technology, remote monitoring, and data analytics have enabled real-time monitoring of soil moisture levels, weather conditions, and crop water requirements, leading to improved irrigation management.

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Asia Pacific is estimated to be the fastest-growing region during the study period

Climate issues in the Asia Pacific area include irregular rainfall patterns, droughts, and heat waves. Microirrigation systems provide regulated and efficient water distribution, increasing resilience to severe climatic circumstances. Farmers may tune irrigation schedules and water applications to individual crop demands, allowing crops to endure and adapt to changing climatic circumstances. In some areas, irrigation water may include excessive quantities of salts, heavy metals, or other impurities. To eliminate these pollutants, microirrigation systems may be outfitted with filtration and purification devices, ensuring that plants receive clean water. Microirrigation improves crop health and yield by mitigating the negative impacts of inadequate water quality.

The plantation crops segment is projected as the fastest-growing segment during the research period

Plantation crops is the fastest-growing segment during the forecasted period. Tea, coffee, and cocoa are some of the majorly cultivated plantation crops. Plantation crops are well-known for producing a high yield per unit area. They are carefully selected and bred for maximum production, resulting in a large output of raw materials or finished goods. Plantation crops are generally cultivated continuously over a period of many years. These crops’ management practices, such as mulching, terracing, and contour plowing, assist to prevent soil erosion and preserve soil fertility.

Industrial user is estimated to be the fastest-growing segment during the review period

With growing concerns about environmental sustainability, industrial users are seeing the significance of implementing eco-friendly practices. Micro irrigation technologies support these goals by lowering water waste, reducing fertilizer and pesticide runoff, and increasing effective resource utilization. This makes them an appealing alternative for companies trying to lower their environmental footprint. Micro irrigation systems may now be monitored and controlled remotely thanks to technological advancements. Industrial users may get real-time data and alter irrigation parameters from anywhere using cell phones or computer-based programs. This remote accessibility improves convenience, efficiency, and management for enterprises with big or geographically scattered operations.

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Micro-sprinkler is estimated to be the fastest-growing segment during the forecast period

Micro sprinklers provide uniform water distribution across the field or garden. They can be strategically placed to cover specific areas or individual plants, ensuring that each plant receives an adequate amount of water. This precision helps in optimizing water usage and promotes healthy plant growth. In general, micro sprinkler systems function at lower pressures and flow rates than traditional sprinklers, resulting in decreased energy needs for water pumping.

Biorational Pesticides Offer Sustainable Alternative to Harmful Chemicals

The global biorational pesticides market will grow from USD 7.5 billion in 2023 to USD 15.1 billion by 2028, growing at a CAGR of 15.2% during the forecast period. The growing awareness about the harmful effects of synthetic pesticides on human health and the environment has led to a rising demand for biorational pesticides. Significant investments from both public and private sectors have been drawn to the expanding market potential of biorational pesticides. This influx of capital has played a crucial role in enabling the development and commercialization of novel biorational pesticide products which are sourced from botanical, microbial, and non-organic materials. Investment in research and infrastructure has further stimulated market growth, enhancing global accessibility of biorational pesticides for farmers.

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North America accounts largest share in the biorational pesticides market and witnessing growth due to tight regulations and limitations on the application of conventional chemical pesticides

The agricultural sector in North America is characterized by a variety of farming systems, including large-scale commercial operations and smaller organic and specialty crop farms. This diverse landscape creates favorable conditions for the utilization of biorational pesticides across a wide range of crops.

In North America, regulatory bodies have erected robust frameworks, rigorously scrutinizing the usage of conventional pesticides, fueled by apprehensions encompassing safety and environmental repercussions. These stringent measures have triggered a surge in the quest for biorational pesticides, esteemed for their perceived safety and eco-friendly attributes. A significant milestone unfolded when the U.S. Environmental Protection Agency (EPA) championed the cause of shielding children and agricultural workers from the perils of a hazardous pesticide with ties to enduring cognitive impairments.

Key Players

The key players in the biorational pesticides market include BASF SE (Germany), Bayer AG (Germany), UPL (India), FMC Corporation (US), Syngenta AG (Switzerland), Novozymes A/S (Denmark), Sumitomo Chemical Co., Ltd (Japan), Pro Farm Group Inc (US), Koppert (Netherlands), Valent BioSciences LLC (US), Gowan Company (US), Certis Biologicals (US), Biobest Group (Belgium), BIONEMA (UK), and Vestaron Corporation (US).

The botanical source of the biorational pesticides segment is driving the market due to simpler storage needs and broad-spectrum effect against insects, fungi, or other pests

Pesticides derived from plant sources or their extracts, known as botanical-based pesticides, frequently exhibit characteristics that enhance their stability during storage. These compounds, originating from plants, often possess inherent stability, mitigating rapid degradation or breakdown under standard storage conditions. This inherent stability contributes to an extended shelf life in comparison to certain microbial-based pesticides.

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Liquid formulation segment exhibits highest CAGR of 15.3%, driving biorational pesticides market growth

Liquid formulations of pesticides present distinct advantages over their dry counterparts, propelling their increased market demand. Their ease of application stands out as a primary factor, as liquids allow for more uniform spraying over large areas, ensuring enhanced coverage, particularly on uneven or densely foliated surfaces. This attribute facilitates efficient application, contributing to better pest management outcomes.

Feed Acidulants Market Growth, Trends, and Forecast (2023 – 2028)

The global feed acidulants market is estimated to be valued at USD 3.4 billion in 2023. It is projected to reach USD 4.7 billion by 2028, recording a CAGR of 6.2% during the forecast period. Some macroeconomic and microeconomic elements that have been prevalent in some important countries have had an impact on the global feed acidulants market. In terms of value sales, this would be strong enough to significantly influence the market during the predicted period. The rise in consumption of animal-based food, demand for a high protein diet, changing lifestyles, and consumption patterns drive the demand in the feed acidulants market.

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Propionic acid holds the largest market share for feed acidulants

Propionic acid is commonly used as a preservative in animal feed and grain due to its non-corrosive nature to farm equipment. It has received approval for use in food, beverages, and animal feed by various organizations, and is generally recognized as safe (GRAS) when utilized as an antimicrobial and flavoring agent in food, as well as a chemical preservative in feed. This has led to an increase in the use of propionic acid in various food products and has resulted in the growth of the feed acidulants market.

The pH control by function is the fastest-growing segment in the feed acidulants market

Feed acidulants are used to lower the pH of animal feed, which can improve nutrient availability, reduce microbial growth, and prevent spoilage. The pH control property of feed acidulants is critical in maintaining the overall health and well-being of animals, as well as the quality of their feed. Factors such as increasing animal health concerns, the rising demand for animal protein, and the implementation of regulations regarding the use of antibiotics in animal feed are driving the growth of the market.

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Asia Pacific is estimated to dominate the feed acidulants market

Asia Pacific holds the largest market share in the feed acidulants market. The growing focus on improving animal health and welfare is the key factor driving the market growth in this region. Additionally, the adoption of advanced feed technologies and the availability of cost-effective feed acidulant solutions are also contributing to the growth of the market in the Asia Pacific. Furthermore, the presence of major feed acidulant manufacturers in the region and the increasing investments in the animal feed industry is expected to further drive the market growth.

Recently, several companies in Asia Pacific have announced strategic partnerships to expand their presence in the feed acidulants market. In 2021, Renata has been appointed as the sole distributor for Nutrex feed additives in Bangladesh. Nutrex and Renata aim to provide farmers with high-value feed additives that will help them maximize animal performance through optimal digestion and gut health.

The key players in this market include BASF SE (Germany), Yara (Norway), Kemin Industries Inc. (US), Eastman Chemical Company (US), and DSM (Netherlands).

Aquaculture Industry Outlook: A Comprehensive Analysis of Global Market Dynamics

The global aquaculture products market is estimated to be valued at USD 39.7 billion in 2022. It is projected to reach USD 56.2 billion by 2027, recording a CAGR of 7.2% during the forecast period. Some macroeconomic and microeconomic elements that have been prevalent in some important countries have had an impact on the global aquaculture products market. In terms of value sales, this would be strong enough to significantly influence the market during the predicted period. The rise in consumer awareness, health consciousness, demand for high protein diet, changing lifestyles, and consumption patterns drive the demand in the aquaculture products market.

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Asia Pacific is estimated to dominate the aquaculture products market

The Asia Pacific region has been experiencing significant growth in the aquaculture products market in recent years. This is due to several factors, including the region’s large population and increasing disposable income, which is driving demand for seafood. In addition, the Asia Pacific region has favorable geographic conditions for aquaculture, with a long coastline, large rivers, and favorable weather conditions. The region is the largest producer of aquaculture products globally, accounting for over 90% of global aquaculture production. China is the largest producer of aquaculture products in the region, followed by India, Indonesia, and Vietnam. In recent years, there has been a shift towards higher value aquaculture products, such as shrimp, salmon, and tilapia, driven by changing consumer preferences and increasing health consciousness. As a result, the aquaculture products market in the Asia Pacific region is expected to continue its growth trajectory, offering significant opportunities for investors and businesses in this industry.

Key Players in the Market

The key players in this market include Pentair PLC (US), AKVA Group (Norway), Xylem Inc. (US) Aquaculture Equipment Ltd. (UK), and Aquaculture System Technologies LLC (US).

By species, aquatic animal segment is the fastest-growing segment in the aquaculture products market during the forecast period

The sales of fish products have seen a spike since last two decades globally. One of the main drivers of this growth is the increasing demand for seafood due to its high protein content and health benefits. Additionally, the rise in global population and food security has led to an increase in demand for seafood items. Technological advancements in aquaculture practices have also enabled the cultivation of a wider variety of aquatic animals, including high-value species such as shrimp, salmon, and tuna. These trends indicate a bright future for the aquatic animal market, with increasing demand and new opportunities for growth.

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By Culture, marine segment is projected to grow at the fastest rate during the forecast period

Marine aquaculture can be beneficial for both ecosystems and humans if it is managed within a broader framework that considers its impact on different ecosystem services, such as regulating, provisioning, habitat, and cultural services. Marine aquaculture includes a variety of activities and objectives, such as large-scale food production, specialized operations aimed at improving environmental outcomes or producing multiple species for various benefits, and the restoration of native species. By focusing on habitat restoration, creating jobs, and increasing food security, aquaculture can have a positive impact on ecological, economic, and social needs. Therefore, actively developing aquaculture to provide ecosystem services may generate more significant benefits.

Compound Feed Market to Hit $668.3 billion by 2028

The compound feed market is estimated at USD 541.2 billion in 2023 and is projected to reach USD 668.3 billion by 2028, at a CAGR of 4.3% from 2023 to 2028. The world’s population is steadily increasing, which leads to higher demand for food, including meat, dairy, and poultry products. Compound feed is an efficient way to provide essential nutrients to livestock and improve their growth and productivity. As standards of living improve in many developing countries, there is an increase in meat consumption. Livestock, such as poultry, pigs, and cattle, require compound feed for their optimal growth and production. This surge in meat consumption has led to a greater demand for compound feed. Compound feed is designed to optimize nutrient utilization and improve feed conversion efficiency in livestock. It allows for precise control of nutrient composition, ensuring that animals receive the necessary nutrients for their growth and development.

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The Asia Pacific region accounted for the largest share and fastest growing market, in terms of value, of the global compound feed market

The Asia Pacific region, comprising countries like China and India, holds 60% of the global population, amounting to around 4.3 billion people. This densely populated region has witnessed continuous population growth, resulting in an escalating demand for animal-derived products like meat, milk, and eggs. Consequently, there is an increased need for compound feed to sustain the growing demand for livestock and poultry production. As incomes rise and dietary preferences evolve, there is a notable shift towards greater consumption of animal protein, propelling the expansion of the livestock and poultry sectors and further driving the demand for compound feed.

Key Players in the Market

Major key players operating in the compound feed market Cargill, Inc. (US), ADM (US), Charoen Pokphand Foods (Thailand), New Hope Group (China), Land O’Lakes (US), Nutreco N.V (Netherlands), Alltech, Inc. (US), Guangdong Haid Group Co., Ltd (China), Weston Milling Group (Australia), and Feed One Co. (Japan).

The poultry in by livestock segment accounted for the largest share of the compound feed market in terms of value

Poultry, especially chicken, is one of the most widely consumed meats globally. The demand for poultry products, such as meat and eggs, is consistently high due to factors like affordability, versatility, and nutritional value. This high demand for poultry products drives the need for poultry compound feed. The compound feed market is influenced by the high demand for poultry products, including meat and eggs, which are widely consumed globally. Poultry, particularly chicken, stands out as one of the most popular meats, with a significant consumption rate per capita. According to the OECD, poultry meat consumption in 2022 reached 32 kg per capita, compared to 1.3 kg for sheep meat, 14.2 kg for beef and veal, and 22.8 kg for pork meat.

The cereals in by ingredient segment accounted for the largest share of the compound feed market in terms of value

Cereals are rich in carbohydrates and provide energy to animals. They also contain varying levels of protein, fiber, and essential minerals. Due to their nutritional composition, cereals serve as important sources of energy and nutrients in compound feed formulations. Cereal crops, such as corn and wheat, are widely grown and easily accessible in many parts of the world. Their availability in large quantities makes them a cost-effective option for inclusion in compound feed formulations. Thus, making them dominate the ingredients segment.

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