Industrial Hemp Market Qualitative Insights on Application 2025

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.

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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.

In terms of geographic coverage, the industrial hemp market has been segmented into four regions, namely, North America, Europe, Asia Pacific, and Rest of the World (RoW). Europe is projected to be the fastest-growing region during the forecast period owing to growth in consumption of hemp seeds as food as well as their broad application in other food products such as smoothies, yogurt, cereals, and bars especially in countries such as Germany and the Netherlands. Moreover, the rise in awareness among consumers about the nutritional benefits of consuming hemp is further expected to fuel the demand for hemp-based food and personal care products. Furthermore, increasing legalization of industrial hemp in the European region in the coming years is expected to boost the industrial hemp market.

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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.

Growing Demand for A Variety of Innovative Flavors in Soft Drinks Drives the Beverage Flavoring Systems Market

The beverage flavoring systems market was valued at USD 3.8 billion in 2018 and is projected to reach USD 5.2 billion by 2023, at a CAGR of 6.1% from 2018 to 2023. The global demand for beverage flavoring systems is increasing significantly due to the launch of advanced technologies in flavor processing, the increasing consumer inclination toward clean-label and organic products, and favorable regulatory environment for fortified products. Fruit & vegetable flavors find applications in the manufacturing of juices, functional drinks, carbonated soft drinks, alcoholic beverages, and dairy-based beverages. The Asia Pacific region is projected to hold the largest market due to growing consumption of carbonated soft drinks. There is also a growing demand for natural, tropical, and exotic aromas in flavors from this region. The market for beverage flavoring systems is set to grow, owing to the favorable regulatory policies for the consumption of products with low sodium, low sugar, and natural products. All these factors are expected to fuel the market growth of beverage flavoring systems.

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The beverage flavoring systems market, on the basis of ingredient, constitutes four segments, namely, flavoring agents; flavor enhancers; flavor carriers; and others, which include curing & pickling agents, preservatives, acidity regulators, emulsifiers, and stabilizers. Since consumers are becoming more health conscious, they are demanding low-salt, low-sugar, and low-fat beverages. This has been fueling the demand for taste modulators and taste-masking agents. The flavoring agents segment is projected to grow at a significant rate due to the growing consumption of fortified beverages, owing to their nutritional values.

Beverage flavoring systems market, on the basis of beverage type, is segmented into alcoholic and non-alcoholic. The non-alcoholic segment is projected to be the faster-growing segment due to the growing consumption of carbonated soft drinks, juices, and functional drinks. The carbonated soft drinks and juice industries are major application areas of flavoring systems. Consumer demand for innovative tastes encourages flavor manufacturers to launch new flavor products.

Beverage flavoring systems market, by form, is segmented into dry and liquid. The liquid segment is projected to be the faster-growing segment since liquid flavors can be easily mixed together to provide a homogeneous distribution of each flavor component—a reason why most beverage manufacturers prefer the usage of liquid flavors.

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The launch of advanced and cost-effective flavor systems, development of multi-functional flavor systems, and changing lifestyles coupled with the rising demand for carbonated soft drinks in the Asia Pacific and South American economies prove to be opportunities for this market. The growing demand for a variety of innovative flavors in soft drinks, the launch of advanced technologies for flavor processing, and favorable regulatory environment for fortified products coupled with growing consumer inclination toward clean-label and organic products are some of the factors which drive growth in the beverage flavoring systems market.

The major players in the industry are focusing on new service & technology launches as well as attaining the leading market position through the provision of a broad portfolio, catering to the varied requirements of the market, along with a focus on the diverse end-user segments.

Soil Treatment Market With Top Countries data : Evolving Technology, Trends and Industry Analysis 2020 Appraised By Global Players

The report “Soil Treatment Market by Type (Soil protection, Organic amendments, pH adjusters), Technology (Physiochemical, Biological, and Thermal) & Region – Global Forecasts to 2020″, The soil treatment market, estimated to be valued at USD 24.11 Billion in 2015, at USD 36.29 Billion by 2020, and projected to grow at a CAGR of 8.5% through 2020.

Product types of pH adjusters such as aglime and gypsum have been in demand, owing to the increasing knowledge of farmers towards the need to correct pH levels of agricultural soil. Weed control products of glyphosate and atrazine base have also been in demand due to high yield requirements in food crops. Hence, soil treatment will be viewed as a business opportunity in the next five years. As a result, many multinational players have entered into the production of varied types of soil treatment methods.

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Soil protection products to dominate the soil treatment market

The market for soil protection products has been estimated to lead the soil treatment market in terms of value. Weed control, which is a sub segment of the soil protection market, is likely to dominate the market, and projected to grow at a comparatively higher CAGR than pest control products.

Soil protection products are likely to face stiff competition from organic amendments such as crop residue and sewage sludge as these segments have been rapidly growing, owing to environmental concerns regarding over usage of agrochemicals causing soil degradation. Gypsum-based pH adjusters may also pose a threat to this segment in the next five years.

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Weed control products: The most widely used soil treatment product used globally

Weed control sub-segment of soil protection products accounted for the largest share in the soil treatment market in terms of value. However, the sub segments of the organic amendments segment are projected to grow at comparatively higher CAGRs due to increasing demand from developing agrarian economies.

Increasing usage of agricultural inputs in developed and developing countries to boost the soil treatment market

Countries in the Asia-Pacific, Latin America, Eastern Europe, and the Middle East regions are prospering in terms of increasing contribution of agriculture towards GDP with the commercialization of agricultural products on the rise. The rising population levels have also created the need to ensure food security by promoting high yield production. Increasing per capita consumption of fruits and vegetables in this region is another driver for the soil treatment market.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as Syngenta AG (Switzerland), Monsanto Company (U.S.), BASF SE (Germany), Arkema S.A. (France), and Adama Agricultural Solutions Ltd. (Israel).

The report covers organic amendments such as crop residue and compost segments, soil protection types such as weed and pest control segments and pH adjuster types such as aglime and gypsum in terms of value and volume. In terms of insights, this research report has focused on various levels of analysis—industry analysis, market share analysis of top players, and company profiles, which collectively comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global soil treatment market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.

What’s Driving the Algae Products Market Growth? DSM, DowDuPont, Cargill, E.I.D Parry, Cyanotech Corporation, BASF, Kerry, Corbion, Ingredion, Roquette Frères, Fenchem Biotek, and Others

The algae products market is estimated at USD 3.98 billion in 2018 and is projected to reach a value of USD 5.17 billion by 2023, growing at a CAGR of 5.4%. The key players profiled have a strong presence in the global algae products market; they include DowDuPont (US), Cargill (US), Kerry (Ireland), E.I.D Parry (India), Corbion (Netherlands), and BASF (Germany).

The key market players adopted various growth strategies such as acquisitions & mergers, expansions & investments, and new product launches in order to cater to the increasing demand for algae products and expand their business. The companies in this market focus on increasing their research & development expenditure to develop new algae products with better food-grade quality; the companies also focus on expanding their manufacturing capacities by increasing production capacities of existing plants or by establishing new production plants.

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The core strengths of the key players in this market are expansions and investments, which help to increase their presence in the algae products market. The companies are investing in new technologies to create nutrient-fortified algae ingredients to match the requirements of food and nutraceutical ingredients manufacturers. Companies such as DSM (Netherlands), DowDuPont (US), Cargill (US), E.I.D Parry (India), Cyanotech Corporation (US), BASF (Germany), Kerry (Ireland), Corbion (Netherland), Ingredion (US), Roquette Frères (France), Fenchem Biotek (China), Algatechnologies (Israel), and CP Kelco (US) are the key players.

Cargill (US) has been one of the major players in the global algae products market. It offers algae products in Europe, Africa, the Middle East, Asia, and the Americas. In September 2013, as an expansion strategy, Cargill upgraded and expanded its alginate business in France. The main objective of this expansion was to provide a sustainable supply of high-quality alginates for the food and pharmaceutical markets.

Cyanotech Corporation (US) strengthened its position in the algae products market, mainly through expansion. In 2015, Cyanotech installed a new astaxanthin extraction system in Hawaii, US to meet the increasing demand for astaxanthin products.

Ingredion (US), in November 2013, expanded its global R&D facility in Bridgewater, NJ, US. This expansion is part of the company’s overall strategic plan to expand its product portfolio with innovative ingredient solutions, based on recent trends and demand.

Market Leaders – Top 10 Food Safety Testing and Technologies Trends

The key players identified have a strong presence in the top 10 trends in food safety testing and technologies industry including SGS S.A. (Switzerland), Bureau Veritas S.A. (France), Intertek Group plc (U.K.), Eurofins Scientific SE (Luxembourg), ALS Limited (Australia), Thermo Fisher Scientific Inc. (U.S.), Mérieux NutriSciences Corporation (U.S.), AsureQuality Ltd. (New Zealand), Microbac Laboratories Inc (U.S.), and Romer Labs Diagnostic GmbH (Austria).

The key market players adopted various growth strategies such as expansions, acquisitions, agreements, in order to cater to the increasing demand for food safety and testing technologies. The companies increased their research and development expenditure to expand their manufacturing capacities and offer diversified food safety testing technologies.

The core strengths of the key players that have driven the top 10 trends in food safety testing and technologies industry are strategic expansions and acquisitions, in order to enhance their market presence. Market players such as SGS S.A. (Switzerland), Bureau Veritas S.A. (France), and Intertek Group plc (U.K.) successfully tapped the potential markets through expansions, acquisitions, and new service launches. Moreover, these companies also focused on offering a diverse range of testing services such as food pathogen testing, GMO Testing, pesticide residue testing, and others to cater the changing requirements of the food safety testing and technologies industry.

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SGS S.A. (Switzerland) has been one of the major players in the global food safety testing and technologies industry; it adopted strategies such as acquisitions, expansions, partnerships, and new technology & service launches in the recent years. The company acquired Laboratoire LCA (Morocco), to expand its business in the Moroccan agriculture market, it also expanded its food testing laboratory in South Korea, to offer food chemical testing, food contaminant testing, and microbiological and DNA testing.

Bureau Veritas S.A. (France) adopted acquisitions as its strategy to expand its presence in the food safety testing and technologies industry. Bureau Veritas S.A. is a global leader in providing testing, inspection, and certification services to meet the growing challenges of quality, safety, environmental protection, and social responsibility. The company offers innovative solutions for regulations & standards, reducing risks, improving performance, and promoting sustainable development.

Intertek Group plc (U.K.) adopted strategies such as expansions and acquisitions in order to efficiently expand its geographic presence in recent years. Intertek set up its AgriTech laboratory at Hyderabad (India) to perform DNA-based testing of various agricultural products. The company introduced its advanced ScanBi DNA testing technology in India with this expansion. The company also acquired the Italian company Food International Trust (FIT-Italia), which provided a wide range of assurance, testing, and certification services.

Food Sterilization Equipment Market Growth, Key Players, Share, Trends, Segmentation, and Forecast to 2022

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.

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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.

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.

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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.

Specialty Food Ingredients Market : Increasing Demand for Convenience Foods Drives the Market

The specialty food ingredients market value was USD 66,466.2 million in 2014 and is projected to reach USD 91,241.8 million by 2020 at a CAGR of 5.5%. R&D and technological innovations, uproar for convenience foods, nutrition and taste convergence, and growing end-user applications are some of the major drivers of the specialty food ingredients market.

The specialty food ingredients market was dominated by the key players such as Archer Daniel Midland (U.S.), Royal DSM N.V. (The Netherlands), Kerry Groups (Irelands), Cargill Inc. (U.S.), and E. I. DuPont de Nemours and Company (U.S.) with respect to their developments in the past few years. These companies accounted for more than 50% of overall developments in the specialty food ingredients market. Other players include companies such as Givaudan Flavors (Switzerland), Sensient Technologies (U.S.), CHR. Hansen (Denmark), Ingredion Incorporated (U.S.), and Tate & Lyle PLC (U.K.).

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The companies adopted various key strategies such as new product launches, expansions, acquisitions, partnerships & collaborations, among which the new product launches were implemented the most. The companies which are actively involved in the new product development and launches are Cargill Inc., Chr. Hansen, Dupont, Ingredion Inc., DSM, Sensient Technologies, and Tate & Lyle. In 2015, Chr. Hansen launched new cottage cheese culture, YoFlex Acidifix culture, and various other cultures to help the manufacturers to tap high protein trend in the starter cultures market. DSM launched customized Omega-3 solution for dietary supplements.

Cargill captures the topmost place in the specialty food ingredients market. It operates through its five business segments, such as food ingredients & applications, origination & processing, agriculture services, industrial and risk & financial management. The company offers specialty food ingredients, such as hydrocolloids, sugar substitutes, acidulants, functional food ingredients, emulsifiers, and specialty starches. It has its global presence covering North America, Latin America, Africa, Europe, and Asia-Pacific. Cargill adopted new product launch as its major strategy. In 2015, Cargill launched ‘EverSweet’ sweetener, instant starch, and IngreVita EPA/DHA omega-3 oil. Cargill acquired pectin operations of FMC (Italy) to expand its texturizing portfolio.

Royal DSM N.V. (The Netherlands) is primarily engaged in production of four division animal nutrition & health, food beverages & dietary supplements, flavours & fragrance, others (Energy, construction, Automotive, construction). The nutrition segment of the company comprises DSM Nutritional Products and DSM Food Specialties that offers various specialty food ingredients for the dairy and frozen food, bakery products, confectionery and condiments, meat, poultry, & seafood, beverages and oil & fats. The company operates globally through its subsidiaries such as DSM Nutritional Products Canada Inc. (Canada), DSM Desotech Inc. (U.S.), DSM Nutritional Products A/S (Denmark), DSM Nutritional Products AG (Switzerland), DSM Nutritional Products Asia-Pacific (Singapore), DSM Nutritional Products France (France), DSM Agro Deutschland GmbH (Germany), and others. In 2015, the company launched customized Omega-3 solution for dietary supplements and Tolerase G, an enzyme that effectively helps to digest residual gluten which helps to meet growing demand for gluten sensitive consumers. DSM acquired Aland (China), vitamin C producer. Due to this strategy DSM widen its vitamin portfolio and can cater emerging market for vitamins include China, India.

Market Leaders – Cattle Feed & Feed Additives Market

Key players in the cattle feed and feed additives market include Royal DSM N.V. (The Netherlands), Cargill, Incorporated (U.S.), Archer Daniels Midland Company (U.S.), New Hope Group (China) and Charoen Pokphand Group (Thailand). Other players which include Land O’ Lakes Inc. (U.S.), Nutreco B.V. (The Netherlands), BASF SE (Germany), and Country Bird Holdings Limited (South Africa) also attained strong position in the global cattle feed and feed additives market.

Key strategies such as expansions, agreements, and new product developments have been adopted by the key players in the cattle feed & feed additives industry. The leading players have been investing in R&D capabilities to offer diversified product portfolios to provide optimum nutritional products for the livestock and to strengthen their market position.

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These core strengths help the players to diversify their business geographically and strengthen distribution networks. Market leaders such as Cargill, Incorporated (U.S.), Archer Daniels Midland Company (U.S.), and CP Pokphand group (Thailand) have successfully tapped the potential markets through the adoptions of strategies such as expansions and acquisitions in Asia-Pacific and Latin America. Agro-commodity players such as Archer Daniels Midland Company (U.S.) and Cargill, Incorporated (U.S.) utilized their global presence to procure raw materials in the most efficient way possible to meet the feed demand in each regional market.

Expansions and investments were the key strategies adopted by industry players to achieve growth and expand their presence in the cattle feed and feed additives market. Cargill, Incorporated (U.S.) lived up to its reputation as a key global player by strengthening its feed additive capacities across developing markets such as in Mexico and Asia. In august 2015, the company expanded its feed premix plant to meet the demand in Mexico. With the help of research knowledge and extensive global operations, Cargill, Inc. has maintained its hold in the cattle feed and feed additives market.

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Archer Daniels Midland Company (U.S.) has been keen to differentiate its product portfolio within the U.S. market by developing a protein-based diet portfolio for dairy cattle segments. In April 2013, ADM Co. had also shown immense interest in developing a feed additives market base in China with the opening of its third premix plant.

However, highly fragmented markets such as Asia-Pacific and Middle East are composed of a large number of regional players. Government-run companies such as Amul Milk Cooperative (India) and Chinese state-run feed companies provide cattle feeds at affordable rates, that acts as a significant barrier for many international feed manufacturers.

Attractive Opportunities in the Beta-Glucan Market

The beta-glucan market was valued at USD 307.8 million in 2016, and is expected to grow at a CAGR of 7.57%, to reach USD 476.5 million by 2022. The market is primarily driven by factors such as growing health consciousness among consumers and the increasing health expenditure. North America is projected to be the fastest-growing region as the consumers in are gradually becoming aware of the health benefits of oat beta-glucan and its significance in enhancing the body’s immunity. One of the major restraints in the growth of the beta-glucan market is the inconsistency in regulatory norms governing beta-glucan.

Pharmaceuticals segment is projected to be the fastest-growing application

The pharmaceuticals application of beta-glucan dominates the market due to its ability to cure problems such as obesity, blood pressure, and diabetes. With the increase in the quality and the arrival of clinically proven products in the market, the trust of consumers is growing for these products. The growing market for functional food & beverages is presenting opportunities for the application of beta-glucan in the food & beverage industry.

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North America: High growth is expected in the beta-glucan market

North America is projected to be the fastest-growing market for the period considered for this study as the beta-glucan market here is led by its broad applications in various products, along with their health benefits. The North American region is majorly driven by the U.S. market and the increasing incidences of diseases and widespread application of fibers & specialty ingredients in various food products, beverages, and dietary supplements.

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Key Market Players

Beta-glucan market includes the profiles of leading companies such as Cargill (U.S.), Kerry Group plc (Israel), Tate & Lyle (U.K.), Royal DSM (Netherlands), Ohly (Germany), Frutarom (Israel), MilliporeSigma (U.S.), Super Beta Glucan (U.S.), and Lesaffre Human Care (France).

Hydroponics Market – Growth, Trends, and Forecast (2019-2025)

The report “Hydroponics Market by Type (Aggregate Systems, Liquid Systems), Crop Type (Vegetables, Fruits, Flowers), Equipment (HVAC, Led Grow Light, Irrigation Systems, Material Handling, Control Systems), Input, and Region – Global Forecast to 2025″, published by MarketsandMarkets™. 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.

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Increasing adoption of urban farming is the key factor driving the growth in the hydroponics market during the forecast period.

Hydroponics is a technique of growing plants in water and nutrients, without using soil as a base. This technique is gaining rapid popularity, as growers can obtain higher yields with each harvest. The recent advances in urban farming and the emergence of vertical farming technology have further fueled the growth of this market. Hydroponic systems have been a combination of multiple technologies and hence encompass a specific set of system models. Based on the system model, the hydroponic systems market can be classified into aggregate and liquid systems. Aggregate systems utilize a grow media for plant growth support and nutrition, while liquid hydroponic systems do not require a grow media. Owing to their higher efficiency and productivity obtained, liquid systems have been in high demand among the growers for vegetable cultivation.

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By input, the nutrients segment dominated the hydroponics market in 2018.

Hydroponic farming is also termed as substrate-based farming due to the use of growing media, nutrient, and water, instead of soil. In the absence of the soil, nourishment to the plants is imparted through these nutrients and grow media inputs. Nutrients form an integral part of all types of hydroponic systems. Varied types of grow media are available in the market at different prices, and the use of a suitable growing media depends on the crop type and crop cycle. There are two major types of nutrients used in hydroponics-macronutrients, and micronutrients. Hydroponics helps the grower to take complete control over the implementation of fertilizers, in terms of type and concentration.

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Europe is projected to dominate the hydroponics market by 2025.

The hydroponics market in Europe is projected to witness significant growth during the forecast period due to the growing adoption of CEA for horticultural crops and increasing development of new innovative technologies that target specific crop needs. The adoption of hydroponics has been the highest in the Netherlands, followed by Spain and Turkey. According to industry experts, almost 90% of the greenhouses in the Netherlands are converted to hydroponic structures, and a majority of this area is used for flower and vegetable cultivation. Though the area under cover is high in Spain, Italy, and France, the adoption of hydroponics across these greenhouses is not more than 20% in these countries, thereby providing fair growth potential for this region.

This report includes a study of the development strategies, along with the product portfolios of leading companies. It also includes the profiles of input providers such as Signify Holdings (Netherlands), Argus Control Systems (Canada), Heliospectra AB (Sweden), Scotts Miracle Gro (US), American Hydroponics (US), and LumiGrow (US). It also includes the profiles of crop producers such as Aerofarms (US), Terra Tech Corp (US), Emirates Hydroponic Farms (UAE), Triton Foodworks Ltd. (India), Urban cultivator (Canada), Village Farms (Canada), Green Sense Holdings (US), Iron Ox (US), Gracia Farms (UAE), Bright Farms (US), Freight Farms (US), Eurofresh (US), and Letcetra Agritech (India).