Liquid Milk Replacers Market to Witness Unprecedented Growth in Coming Years

The global liquid milk replacers market size is expected to grow from USD 188 million in 2018 to USD 243 million by 2023, at a Compound Annual Growth Rate (CAGR) of 5.3% during the forecast period. The major driving factors in the liquid milk replacers market are increasing consumption of dairy products and the adoption of precision nutrition technique.

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The major liquid milk replacers vendors include Liprovit, BV (Netherlands), Calva products LLC (US), PETAG Inc. (US), Cargill (US), Archer Daniels Midland Company (ADM) (US), CHS Inc. (US), Land O’Lakes Inc. (US), Glanbia Plc (Ireland), Nutreco N.V. (Netherlands), and Lactalis Group (France). These players have adopted various growth strategies such as expansions, acquisitions, and new product launches to expand their presence in the global liquid milk replacers market. Expansions has been the most dominating strategy adopted by major players from 2014 to 2018. This has helped them to innovate their offerings and broaden their customer base.

Scope of the Report:

On the basis of type, the market is segmented as follows:

•             Medicated

•             Non-medicated

On the basis of livestock, the market is segmented as follows:

•             Calves

•             Piglets

•             Others (foals, kitten, kids, lambs, and puppies)

On the basis of region, the market is segmented as follows:

•             North America

•             Europe

•             Asia Pacific

•             RoW

The medicated segment is projected to grow at the higher CAGR between 2018 and 2023. Medicated liquid milk replacers provide various health benefits and improve the performance of infant livestock. These milk replacers are mainly fed to infant livestock that has physical and nutritional deficiencies, weaknesses, or diseases; and requires an enhanced nutritional diet. This has led livestock rearers to use medicated liquid milk replacers.

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The calves segment, by livestock, is projected to be the fastest-growing store type in the global market. Calves are born with only the abomasum, i.e., the fourth stomach functioning; and their digestion is only dependent on the enzymes existing in the abomasum. For this reason, infant animals are fed with high-quality milk replacers, as they fulfill their nutritional needs and boost their immunity toward diseases. Liquid milk replacers for calves are nutritious concentrate mixes and contain nutrients such as protein, fats, vitamins, and minerals in the optimum required ratio to ensure optimal growth.

Increased Demand for Sterilized Food & Beverage Products is Driving the Food Sterilization Equipment Market

The food sterilization equipment market is projected to reach USD 922.7 million by 2023, at a CAGR of 6.3% from 2018. This market is mainly being driven by rising instances of foodborne diseases and growing awareness about food safety among consumers. Factors such as increasing consumption of sterilized food products in the emerging markets of the Asia Pacific and Europe are also projected to drive the growth of the food sterilization equipment market.

The dried fruits & nuts segment is projected to grow at the highest CAGR from 2018 to 2023. Dried fruits and nuts are consumed as a snack and are used as ingredients in various confectionery and bakery products. Insects, mites, and microbes can spoil dried fruits and nuts, and degrade its quality. To maintain the quality of the dried fruits and nuts, manufacturers are focusing on opting for food sterilization equipment. These factors are projected to drive the growth of the market in this segment.

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The radiation segment of the food sterilization equipment market is projected to grow at the highest CAGR from 2018 to 2023. Radiation technology minimizes the presence of pathogens and reduces the speed of enzymes production, which eventually slows down the ripening, spoilage, and sprouting process in the food products.

The batch sterilization process is projected to witness the fastest growth between 2018 and 2023. This process involves minimal expenditure on the apparatus and assets as compared to the continuous sterilization system. Due to these factors, this process remains the most-preferred in various food application industries.

Asia Pacific is estimated to record the highest CAGR in the global market during the review period. The rising number of foodborne diseases is mainly due to the presence of allergens and pathogens s, which results in the contamination of food products from plastic, glass, and metal parts. Such factors are driving the food sterilization equipment market.

Manufacturers in the region are focusing on utilizing various sterilization technologies for packaging food products. Upcoming sterilization technologies such as aseptic packaging are being used by several food manufacturers due to its fast and easy process. In addition, leading technology solutions enable the manufacturers to offer better quality products, save production energy, and prevent the deformation of the packaged food product. The key market players in developing countries such as India and China are utilizing various sterilization processes to cater to the growing demand for packaged and processed food products.

Aquaculture Market: Trends and Developments

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 compound annual growth rate (CAGR) of 7.2% during the forecast period. This market is driven by factors such as a decline in the amount of captured fish, rise in consumption of fish and other products (due to their nutritional value), and growth in trend of smart fish farming.

Key aquaculture players include 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), FREA Aquaculture Solutions (Denmark), Lifegard Aquatics (US), Tan International Ltd (UK), Reef Industries Inc (US), Aquafarm Equipment AS (Norway), and Aquaculture of Texas, Inc (US). Expansion was a dominant strategy adopted by the key players, followed by the launching of new products. This has helped them to increase their presence in different regions and expand their product portfolio.

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Scope of the report:

On the basis of rearing product type, the aquaculture market has been segmented as follows:

•             Equipment

o             Water pumps & filter

o             Containment  equipment

o             Water circulating and aerating equipment

o             Cleaning equipment

o             Feeders

o             Others

•             Chemicals

•             Pharmaceuticals

•             Fertilizers

On the basis of culture, the aquaculture market has been segmented as follows:

•             Freshwater

•             Brackish water

•             Marine

On the basis of species, the aquaculture market has been segmented as follows:

•             Aquatic plants

o             Seaweeds

o             Microalgae and other aquatic plants

•             Aquatic animals

o             Finfish

o             Crustaceans

o             Mollusks

o             Others (sea bream, sea bass, and frogs)

On the basis of production type, the aquaculture market has been segmented as follows:

•             Small-scale

•             Large- & medium-scale

On the basis of region, the aquaculture market has been segmented as follows:

•             North America

•             Europe

•             Asia Pacific

•             South America

•             RoW (Africa and the Middle East)

Geographic Analysis

•             Further breakdown of the Rest of Europe aquaculture market

•             Further breakdown of the Rest of Asia Pacific aquaculture markets

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The aquaculture market is segmented, on the basis of rearing product type, into equipment, chemicals, fertilizers, and pharmaceuticals. The equipment segment is projected to be a leading segment in the aquaculture market. This is attributed to the rising adoption of advanced feeding systems to meet the rising demand for the inclusion of nutrients at an optimum level in the diets of aquatic animals. Furthermore, the growth in demand for seafood and decline in the volume of captured fishes is prompting the farmers to use equipment for higher production.

Asia Pacific is projected to be the fastest-growing region in the aquaculture market during the forecast period due to the rapid development of aquaculture in most of the countries in the region in terms of improving the food supply. The demand for aquaculture products is rising, as the farmers in this region are investing in new technologies and innovations in order to meet the increasing food supply and nutrient food. The consumption of fish and shrimp is witnessing an upward trend in the region, which aids the aquafarming industry.

Plant Extracts Market Latest Trends, Growth, Opportunities and Forecast 2025

According to MarketsandMarkets analysis, the plant extracts market is estimated to be valued at USD 23.7 billion in 2019 and is projected to reach USD 59.4 billion by 2025, at a CAGR of 16.5% from 2019 to 2025. The demand for plant extracts is significantly increasing due to factors such as rising awareness regarding the side-effects of synthetic products and health benefits offered by phytomedicines and herbal extracts. Inadequate supply of raw materials and price fluctuations inhibit the growth of plant extracts market. New revenue-generating pockets emerging through natural sweeteners category and identification of unique herbs and spices in line with changing consumer preferences and tastes prove to be some of the opportunities in this market.

The Asia Pacific region is projected to hold the largest market owing to the factors such as increasing awareness about better dietary choices, growing demand for herbal cosmetic products, rising awareness about the ill-effects of synthetic products, and increasing incidences of chronic diseases and stress levels due to busy lifestyles. Also, the availability of raw materials and required environmental conditions for the growth of plant extracts is the leading promoter of this trend in the Asia Pacific.

The plant extracts market, based on type, constitutes of four segments, namely phytomedicines & herbal extracts, essential oils, spices, and flavors & fragrances. The phytomedicines & herbal extracts segment is projected to grow at the highest CAGR as they offer multiple health benefits without any adverse effects when compared to synthetic drugs. Phytomedicines & herbal extracts are majorly used in pharmaceuticals and dietary supplements in the form of capsules and tablets and also in cosmetic products. Due to rising awareness, consumers are demanding phytomedicines & herbal extracts that utilize plant-derived ingredients. Furthermore, the growing participation of international bodies and local plant extract manufacturers in R&D are some of the significant factors influencing the growth of this segment.

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The plant extracts market, based on application, is segmented into pharmaceuticals & dietary supplements, food & beverages, cosmetics, and other which includes personal care products and toiletries. The cosmetics segment is estimated to grow at the highest CAGR as the growing consumer interest in self-care is driving the increasing use of plant extracts in the cosmetics segment. The changing consumer lifestyles and economic factors such as the rise in per capita income, particularly in developing regions, have encouraged the consumers to spend on personal grooming. Also, the rising awareness and trends of using cosmetics with natural ingredients and free-from cosmetics are driving the plant extracts market in cosmetics application.

The plant extracts market, by source, is segmented into leaves, fruits, flowers, and bulbs, rhizomes & roots, barks & stems, and others which includes seeds, pods, and berries. The leaves segment is estimated to grow at the highest CAGR because leaves of many plants, including rosemary, aloe vera, basil, thyme, clove leaves are highly rich in antioxidants and also offer anti-microbial properties. This has led to their extensive usage in the cosmetics, pharmaceutical, and personal care industries. Due to high Vitamin A, Vitamin K, Vitamin C, magnesium, iron, potassium, and calcium content, leaves extracts are also highly used in food & beverage applications.

The major players such as Givaudan (Switzerland), Sensient Technologies (US), Symrise AG (Germany), Kangcare Bioindustry Co., Ltd. (China), PT. Indesso Aroma (Indonesia), PT. Haldin Pacific Semesta (Indonesia), Vidya Herbs Private Limited (India), Shaanxi Jiahe Phytochem Co., Ltd. (Jiaherb, Inc.) (China), Synthite Industries Private Ltd. (India), Döhler (Germany), International Flavors & Fragrances, Inc. (US), in the industry are focusing on new product launches, expansions & investments, acquisitions, and agreements & partnerships to increase the global footprint in the area of plant extracts.

Expansions and investments are the key strategies adopted by key players in the global Molluscicides Market

The molluscicides market is estimated at USD 587.8 million in 2018 and is projected to reach USD 727.8 million by 2023, growing at a CAGR of 4.4% during the forecast period. The key players profiled have a strong presence in the global molluscicides market. These include Lonza Group (Switzerland), Bayer CropScience (Germany), American Vanguard Corporation (US), BASF (Germany), and Adama Agricultural Solutions (Israel).

The key market players adopted various growth strategies such as expansions & investments and mergers & acquisitions to cater to the increasing demand for molluscicide products and to expand their businesses. The companies in this market are increasing their investments in R&D to focus on developing new agrochemicals with an idea of developing molluscicide products that are less harmful to the environment than the existing chemical molluscicides. The companies are also focusing on expanding their geographic presence by increasing their production facilities.

The companies are also investing in new technologies to create new molluscicide products to be used in various applications such as molluscicides for residential purposes and for turf and ornamental applications categorized under non-agricultural application of molluscicides. Companies such as BASF (Germany) and De Sangosse (France) are expanding their product portfolios by innovating new products. BASF (Germany), in May 2017, introduced new biological molluscicides, Nemaslug and Nemasys powder, which contain nematodes.

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Companies are also expanding their global presence by establishing new offices and production facilities and by entering into an agreement with other global players. In September 2018, Lonza Group (Switzerland) established a new production facility of specialty ingredients, which include some of its molluscicide product offerings as well, in Greenwood, SC, US; hereby expanding its production capacity. In March 2016, Lonza Group (Switzerland) and Nulandis (South Africa) signed a strategic distribution agreement to launch Axcela slug & snail pellet in South Africa.

Syngenta expanded its projects in Brazil and Switzerland. The company invested USD 240 million in 2 manufacturing plants related to crop protection products in October 2016. This helped the company to increase its customer base in other regions as well as increase its global market share in the crop protection industry. In April 2016, BASF (Germany) established a new R&D center for biological crop protection and seed solutions in Germany. This new innovation center helped the company to develop new molluscicide products. In January 2016, De Sangosse (France) introduced new a molluscicide product, METAREX INOV, in Germany, thereby enhancing its molluscicide product portfolio.

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Inoculants Market – Insight and Trends

The inoculants market is estimated to reach USD 924 million in 2020 and is projected to account for USD 1,207 million by 2025, recording a CAGR of 6.9% during the forecast period. The growth of the market is driven by the  growth of the livestock industry, rise in prices of feed grains, and adoption of organic farming practices due to the growing health concerns among consumers. Emerging countries in South America and the Asia Pacific are projected to offer lucrative opportunities for inoculants manufacturers in the coming years.

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The oilseeds & pulses segment is projected to be the fastest-growing segment in the inoculants market during the forecast period.

Oilseeds is one of the important cash crops in developing countries as they are grown in abundance. The most important crops in this category include soybean, canola, lentils, and beans. Oilseeds and pulses form a staple diet for people in developing countries. Soybean is widely grown and witnesses demand in Brazil, the US, Argentina, and China. The demand for soybean remains high, as it is a rich source of protein for vegetarian consumers. The demand for high-yielding and disease-resistant soybean seeds is also increasing, as it is a cash crop of premium value. In addition, the agricultural inoculants market is projected to grow due to the increase in oilseeds production globally. In terms of pulses, India is a leading producer of pulses. Other major producers of pulses include Canada, Brazil, the US, and China. The increased demand for oilseeds and pulses such as soybean, canola, peas, beans, and other legume crops are projected to drive the growth of the inoculants market.

The agricultural inoculants segment is projected to record the fastest growth during the forecast period.

Agricultural inoculants have properties that improve the quality of soil, enhance the growth of crops, and increase yield, which is a major factor that has contributed to the growth of the agricultural inoculants market. The increase in global awareness about sustainable agriculture, which witnesses high adoption due to its step-by-step reduction in the cost of farming and complying with the environmental safety norms—has resulted in an increase in the use of agricultural inoculants. Agricultural inoculants are also considered cost-effective alternatives for chemical fertilizers, as their application reduces the use of chemical fertilizers in farming. Hence, the overall production cost can be reduced without compromising on the economic yield. Environmental concerns related to the use of chemical fertilizers have led to an increase in the use of agricultural inoculants, which is projected to drive the market growth. Inoculants promote the growth of plants through several beneficial bacteria and have a negligible impact on the environment. Increase in organic and environment friendly farming practices have led to an increase in demand for agricultural inoculants.

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South America is projected to be the fastest-growing market during the forecast period.

The South American inoculants market is projected to be the fastest-growing market during the forecast period. Countries such as Brazil and Argentina constitute the largest country markets in the Latin American region. Both these countries are the major contributors in the production of soybean. Agricultural inoculants are widely used for soybean crops. Hence the consumption of inoculants is projected to increase in the next five years. It is one of the largest regions that have organic agricultural land area, due to which the demand for agricultural inoculants remains high.

This report includes a study of marketing and development strategies along with the product portfolios of leading companies in the inoculants market. It consists of the profiles of leading companies, such as Corteva (US), BASF (Germany), Bayer (Germany), Novozymes (Denmark), Verdesian Life Sciences (US), Advanced Biological Marketing Inc. (US), BrettYoung (US), Precision Laboratories, LLC (US), Queensland Agricultural Seeds Pty (Australia), and XiteBio Technologies Inc. (Canada). Apart from this, other key players include Chr. Hansen (Denmark), Lallemand Inc. (Canada), Kemin Industries, Inc (US), Provita Supplements GmbH (Germany), Cargill (US), Archer Daniels Midland Company (US), BIOMIN Holding GmbH (Austria), Terramax (US), BIO-CAT Microbials (US), and MBFi (South Africa).

Increased popularity of natural solutions for pet food nutrition drives market for feed binders

The report Feed Binders Market by Type (Lignosulfonates, Plant Gums & Starches, Gelatin & Other Hydrocolloids, Clay, Molasses, and Others), Livestock (Poultry, Cattle, Swine, Aquatic Animals, Dogs & Cats, and Others), Region – Global Forecast to 2025″ size is estimated to account for a value of USD 4.5 billion in 2020 and is projected to grow at a CAGR 3.0% from 2020, to reach a value of USD 5.1 billion by 2025. Factors such as the rising meat consumption across regions, increasing production of meat products, and growing awareness of animal health are the key factors that are encouraging the use of compound feed among traditional livestock owners. The rising demand for compound feed pellets has led to an increase in the need for feed additives and ingredients, such as feed binders and feed premixes.

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By type, the lignosulfonates segment is estimated to account for a larger market share, in terms of value, in 2020

The lignosulfonates segment is projected to hold a larger market share as it acts as a binding and lubricating agent in the production of pelleted feeds. Lignosulfonates are the most commonly used feed binder as they are highly cost-effective and are utilized across various types of feed. The relatively low toxicity of lignosulfonates makes them a preferred binder among feed manufacturers. They are used to improve the feed properties of pellets. They also have the properties of emulsification and dispersing due to which they have been gaining popularity in the production of compound feed.

The poultry segment, on the basis of livestock, is estimated to hold the largest share in the feed binders market, in terms of value, in 2020

The poultry segment is projected to hold the largest market share in the feed binders market in 2020. Increasing infrastructure, rising poultry meat consumption, and the need to improve the pellet quality has increased the demand for feed binders in the poultry sector. The utilization of lignosulphonates and clay as feed binders has also contributed to the growth of the market. The poultry sector is witnessing a shift toward compound feed products due to the development of organized farm sectors.

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Asia Pacific is projected to grow at the highest CAGR during the forecast period

The Asia Pacific region serves as a growing platform for the feed industry due to its rise in population, increase in per capita income, and urbanization. The ruminants and poultry feed production in Asia Pacific is growing at a higher rate since the past five years. With the increasing pork consumption in the Southeast Asian region, feed manufacturers are eventually witnessing high demand for feed binders in swine and poultry feed.

This report includes a study on the marketing and development strategies, along with a survey of the product portfolios of the leading companies operating in the feed binders market. It includes the profiles of leading companies, such as Archer Daniels Midland Company (US), DuPont (US), Darling Ingredients Inc. (US), Roquette Freres (France), Borregaard ASA (Norway), Gelita AG (Germany), CP Kelco Inc. (US), and Avebe U.A. (Netherlands).

Biofungicides Market Global Outlook By 2025

The report “Biofungicides Market by Type (Microbial species, Botanical), Mode of Application (Soil treatment, Foliar application, Seed treatment), Species (Bacillus, Trichoderma, Streptomyces, Pseudomonas), Crop Type, Formulation, and Region – Global Forecast to 2025″ The biofungicides market is estimated to account for USD 1.6 billion in 2020 and is projected to grow at a CAGR 16.1% from 2020, to reach a value of USD 3.4 billion by 2025. Factors such as an increase in demand for organic food products, stringent government regulations against the use of chemical-based crop protection products, and the growing health concerns associated with chemical-based products are projected to drive the growth of the market of biofungicides.

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By type, the microbial segment is estimated to account for a larger market share, in terms of value, in 2020

Strains of microbial species are derived from bacteria, fungi, and viruses. Species, such as Bacillus, Trichoderma, and Pseudomonas, are majorly used to derive the active ingredients that are used as anti-fungal agents. Microbial biofungicides are proven to be efficient in controlling fungal pathogens without causing any harm to the host plant or the environment.

Trichoderma, on the basis of species, is estimated to hold the largest share in the biofungicides market, in terms of value, in 2020

Trichoderma has higher environmental diversity and tolerance to soil pH, changes in temperature, and moisture. The use of these strains also ensures lower instances of reapplication (once in 12 weeks) as opposed to bacterial strains (once in 4 weeks). However, Trichoderma-based commercial products are expensive and have a relatively lower shelf life as compared to Bacillus-based products, due to which the market for the latter is growing at the fastest rate during the forecast period

The soil-treatment segment, on the basis of mode of application, is estimated to hold the largest share in the biofungicides market, in terms of value, in 2020

Soil treatment is one of the most commonly adopted modes of application for biofungicides. This is mainly due to many fungal infestations in the soil/root zone of the plant. The majority of the biofungicides available in the market are used for the treatment of soil and root-zone diseases. Trichoderma-based products are widely distributed biofungicides across the globe and have a majority of the products available for treating soil and root zone diseases. However, in regions such as North America, South America, and Europe due to technological advancements, the market for biofungicides is projected to grow. The major players in the market are also investing significant amounts in R&D activities of biological seed treatment solutions, due to which seed treatment is projected to record the fastest growth rate during the forecast period.

By form, the wettable powder segment in the biofungicides market is projected to account for the largest market share in 2020

The wettable powder segment accounts for the largest share in the market during the forecast period. Powder formulations can easily be mixed with basic or acidic solutions in a spray tank or in the irrigation line depending upon the prevailing soil requirements. Bacillus spp. is the most commonly used source of biofungicides and is readily available in powdered form. The powdered form is easy to produce on a commercial scale and provides farmers with various application choices. This ease of availability has made it a preferred form among growers across the globe.

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North America is projected to grow at the highest CAGR during the forecast period

North America accounted for the largest market share during the forecast period due to the presence of major players in the market in the region. The region witnesses the adoption of integrated pest management and organic farming practices, which has also promoted the growth of the market. The region is also one of the largest producers of fruits & vegetables. In addition, the increasing concerns about food safety across the globe have also contributed to the growth of the market.

This report includes a study on the marketing and development strategies, along with a survey of the product portfolios of the leading companies operating in the biofungicides market. It includes the profiles of leading companies, such as BASF SE (Germany), Bayer AG (Germany), Syngenta AG (Switzerland), FMC Corporation (US), Nufarm (Australia), Novozymes (Denmark), Marrone Bio Innovations (US), Koppert Biological Systems (Netherlands), Isagro S.P.A (Italy), T. Stanes & Company Limited (India), BioWorks (US), The Stockton Group (Israel), Valent Biosciences (US), Agri Life (India), Certis U.S.A (US), Andermatt Biocontrol AG (Switzerland), Lesaffre (France), Rizobacter (Argentina), Vegalab S.A (US), Biobest Group NV (Belgium), and Biolchim (Italy).

Inoculants Market Latest Trends, Growth, Opportunities and Forecast 2025

The report ” Inoculants Market by Type (Agricultural Inoculants and Silage Inoculants), Microbe (Bacterial and Fungal), Crop Type (Oilseeds & Pulses, Cereals & Grains, Fruits & Vegetables, and Forage), and Region–Global Forecast to 2025″ The inoculants market is estimated to reach USD 924 million in 2020 and is projected to account for USD 1,207 million by 2025, recording a CAGR of 6.9% during the forecast period. The growth of the market is driven by the  growth of the livestock industry, rise in prices of feed grains, and adoption of organic farming practices due to the growing health concerns among consumers. Emerging countries in South America and the Asia Pacific are projected to offer lucrative opportunities for inoculants manufacturers in the coming years.

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The oilseeds & pulses segment is projected to be the fastest-growing segment in the inoculants market during the forecast period.

Oilseeds is one of the important cash crops in developing countries as they are grown in abundance. The most important crops in this category include soybean, canola, lentils, and beans. Oilseeds and pulses form a staple diet for people in developing countries. Soybean is widely grown and witnesses demand in Brazil, the US, Argentina, and China. The demand for soybean remains high, as it is a rich source of protein for vegetarian consumers. The demand for high-yielding and disease-resistant soybean seeds is also increasing, as it is a cash crop of premium value. In addition, the agricultural inoculants market is projected to grow due to the increase in oilseeds production globally. In terms of pulses, India is a leading producer of pulses. Other major producers of pulses include Canada, Brazil, the US, and China. The increased demand for oilseeds and pulses such as soybean, canola, peas, beans, and other legume crops are projected to drive the growth of the inoculants market.

The agricultural inoculants segment is projected to record the fastest growth during the forecast period.

Agricultural inoculants have properties that improve the quality of soil, enhance the growth of crops, and increase yield, which is a major factor that has contributed to the growth of the agricultural inoculants market. The increase in global awareness about sustainable agriculture, which witnesses high adoption due to its step-by-step reduction in the cost of farming and complying with the environmental safety norms—has resulted in an increase in the use of agricultural inoculants. Agricultural inoculants are also considered cost-effective alternatives for chemical fertilizers, as their application reduces the use of chemical fertilizers in farming. Hence, the overall production cost can be reduced without compromising on the economic yield. Environmental concerns related to the use of chemical fertilizers have led to an increase in the use of agricultural inoculants, which is projected to drive the market growth. Inoculants promote the growth of plants through several beneficial bacteria and have a negligible impact on the environment. Increase in organic and environment friendly farming practices have led to an increase in demand for agricultural inoculants.

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South America is projected to be the fastest-growing market during the forecast period.

The South American inoculants market is projected to be the fastest-growing market during the forecast period. Countries such as Brazil and Argentina constitute the largest country markets in the Latin American region. Both these countries are the major contributors in the production of soybean. Agricultural inoculants are widely used for soybean crops. Hence the consumption of inoculants is projected to increase in the next five years. It is one of the largest regions that have organic agricultural land area, due to which the demand for agricultural inoculants remains high.

This report includes a study of marketing and development strategies along with the product portfolios of leading companies in the inoculants market. It consists of the profiles of leading companies, such as Corteva (US), BASF (Germany), Bayer (Germany), Novozymes (Denmark), Verdesian Life Sciences (US), Advanced Biological Marketing Inc. (US), BrettYoung (US), Precision Laboratories, LLC (US), Queensland Agricultural Seeds Pty (Australia), and XiteBio Technologies Inc. (Canada). Apart from this, other key players include Chr. Hansen (Denmark), Lallemand Inc. (Canada), Kemin Industries, Inc (US), Provita Supplements GmbH (Germany), Cargill (US), Archer Daniels Midland Company (US), BIOMIN Holding GmbH (Austria), Terramax (US), BIO-CAT Microbials (US), and MBFi (South Africa).

The Demand for Healthy and Organic Oilseed-Processed Products to Drive the Growth of the Oilseeds Market

The global oilseeds market is estimated to be valued at USD 250.0 billion in 2019 and is projected to reach USD 335.0 billion by 2025, recording a CAGR of 5.0%. Due to the growing health awareness among consumers, the demand for healthy oil in the preparation of foods is increasing. The change in the dietary habits of consumers has also led to an increase in demand for oilseeds.

By category, the oilseeds market is segmented into conventional and genetically modified. The demand for genetically modified or transgenic seeds remains high due to characteristics such as higher levels of disease resistance, high output, and quality. Countries in the South American and Asia Pacific regions witness high demand for oilseeds that are genetically modified, to cater to the domestic market.

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Based on application, the oilseed market is segmented into vegetable oil and oilseed meal. The oilseed meal segment is further segmented into food, feed, and industrial products. The food products segment is further segmented into bakery & confectionery products, sauces, spreads, and dressings, meat products, and others, which include baby food, isolated proteins, and cereals. The vegetable oil segment is further segment into food products and industrial products. The food products segment in the vegetable oil segment is further segmented into bakery & confectionery products and sauces, spreads, and dressings. The market for oilseeds is growing at a high rate due to the changing consumer preferences from animal to plant products. In addition, soy-based products are a major source of protein for vegans worldwide. The high nutritional profile, low carbon footprint, and low price of plant-sourced products are projected to encourage the consumption of oilseeds in food applications. The demand for healthy and organic oilseed-processed products, public-private partnerships in varietal development, and molecular breeding in oilseeds are some of the factors driving the growth of the oilseeds market.

Oilseeds are increasingly finding applications in the feed industry due to the growing preference for natural and organic sources of oilseeds among the feed manufacturers. The market is also witnessing increased demand from the biodiesel sector. With the increasing demand for non-GMO oilseeds in various sectors, the oilseeds market is projected to witness significant growth. However, the market also faces various challenges such as new entrants in the market and poor post-harvest management in developing countries.

The major players such as Bunge Limited (US), Cargill (US), Archer Daniels Midland (US), and Wilmar International (Singapore) in the oilseeds market are focusing on new product launches, expansions & investments, acquisitions, agreements, joint ventures, and partnerships to expand their global footprint.

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