Food and Beverages Research

Market Overview

Global Sprinkler Irrigation Systems Market size is projected to expand at a CAGR of 2.1% during the forecast period. The market was valued at approximately USD 2.3 billion in 2018. Sprinkler irrigation is a method of irrigation, wherein sprinklers are used to release water similar to rainfall through small-diameter nozzles. In this method, water is distributed through a system of pipes and sprayed into the air, which provides efficient coverage for small to large areas of land. Sprinkler irrigation is a type of pressurized irrigation system. The adoption of water-saving irrigation practices among farmers is primarily driving the growth of the global market. Moreover, initiatives taken by governments and on-governmental organizations (NGOs) to promote the sprinkler irrigation systems for effective water management is boosting the growth of the market. Market Research Future (MRFR) announces the publication of its research report on the Global Sprinkler Irrigation Systems Market, 2017–2024.

Key Players

Some of the key players in the Global Sprinkler Irrigation Systems Market include Lindsay Corporation (US), Valmont Industries Inc. (US), Jain Irrigation Systems Ltd. (India), Rivulis (Israel), Netafim Limited (Israel), The Toro Company (US), Rinke Manufacturing Co., Inc. (US), Nelson Irrigation Corporation (US), T-L Irrigation Company (US), Antelco Pty. Ltd.  (Australia), Mahindra EPC Ltd. (India), Elgo Irrigation Ltd. (Israel), Irritec S.P.A. (Italy), Hunter Industries Inc. (US), and Access Irrigation Ltd.  (UK).

Regional Analysis

On the basis of region, Global Sprinkler Irrigation Systems Market is segmented into North America, Europe, Asia-Pacific, and rest of the world.

North America accounted for the largest share of the sprinkler irrigation systems market in 2018, with the US being a major contributor to the growth. Rise in preference for irrigation systems with efficient and effective distribution of water in the agricultural land has increased the adoption of sprinkler irrigation systems among farmers. Water shortages and droughts in various areas of the US in the past have primarily increased the preference for these irrigation systems. Moreover, technological advancements in sprinkler irrigation systems is driving the growth of the market in this region. 

The market in Asia-Pacific is projected to grow at the fastest pace during the forecast period. Countries such as China, Japan, India, and Australia are major contributors to the growth of the sprinkler irrigation systems market in this region. Growth of the agricultural industry and rise in adoption of new technologies in irrigation systems are propelling the growth of the market. Government initiatives to increase awareness regarding pressurized irrigation systems are expected to boost the market growth. Moreover, government subsidies in various countries in the support of sprinkler irrigation systems is expected to further fuel the growth of the market in Asia-Pacific.

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Europe is estimated to account for a significant share of the sprinkler irrigation systems market during forecast period. Various government projects to improve the efficiency of water use and reduce energy costs in irrigation systems has boosted the growth of the sprinkler irrigation systems market in the region. In Spain and Portugal, shift from gravity irrigation to pressurized irrigation systems is expected to contribute to the growth of the European sprinkler irrigation systems market.

The market in the rest of the world includes the Middle East, Africa, and South America. South America accounted for a major share of the market in the region in 2018. Moreover, the market in the sub-region is projected to exhibit the highest growth during the forecast period. Key players are increasingly engaging in expansion activities in this region, which, in turn, is projected to boost the growth of the market. Moreover, rising agricultural practices in the Middle East and Africa are projected to boost the growth of sprinkler irrigation systems market in these sub-regions.

Market Segment

Global Sprinkler Irrigation Systems Market has been segmented on the basis of type, crop type, and mobility.

In terms of type, Global Sprinkler Irrigation Systems Market has been classified as center pivot, lateral move, solid set, and others. The center pivot segment is anticipated to dominate the market during the forecast period. However, the solid set segment is projected to exhibit the highest CAGR during the forecast period. By crop type, the market has been divided into cereals, oilseeds and pulses, fruits and vegetables, and others. The cereals segment dominated the market in 2018. However, the oilseeds and pulses segment are estimated to be the fastest-growing segment during the forecast period. Based on the mobility, the market has been bifurcated into stationary and towable. The stationary segment accounted for a major share of the market in 2018. However, the towable segment is expected to be the fastest-growing segment during the forecast period.

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Market Overview

Global Drip Irrigation Market is projected to register a CAGR of 10.3% during the forecast period and reach a market value of USD 7.9 billion by 2024. Market Research Future (MRFR) announces the publication of its half-cooked research report Global Drip Irrigation Market, 2017–2024.

Drip irrigation helps save water by directly supplying water to the roots of the plants at a slow pace. Governments in various nations, across the globe, are offering subsidies for the installation of drip irrigation systems, which is anticipated to propel the growth of global drip irrigation market. Increasing awareness about sustainable farming practices and expansion of the agricultural industry are expected to fuel the growth of global drip irrigation market during the review period.

Key Players

Key players operating in the Global Drip Irrigation Market include Irritec S.p.A (Italy), Chinadrip Irrigation Equipment Co. Ltd  (China), Kothari Agritech Private Limited (India), Jain Irrigation Systems Limited (India), T-L Irrigation Company (India), Lindsay Corporation (US), EPC Industrie (India), Nelson Irrigation Corporation (US), Netafim Ltd (Israel), DripWorks, Inc. (US), The Toro Company (US), Microjet Irrigation Systems (South Africa), Rivulis Irrigation Limited (Israel), Harvel Agua (India), and Antelco Pty Ltd (Australia).

Regional Analysis

Drip Irrigation Market has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world.

Asia-Pacific is expected to dominate the global drip irrigation market during the forecast period owing to the presence of a large agricultural industry in the region. Additionally, the rise in population has necessitated the increase in crop yield and productivity, which is projected to boost the growth of the market in the region.

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North America is projected to account for a significant market share during the review period due to high adoption of modern technologies in farming. Additionally, growing demand for plant-based food is expected to drive the growth of the drip irrigation market in the region. The European market is growing owing to factors such as increase in environmental awareness among farmers in the region. Large-scale cultivation of fruits in Spain is anticipated to boost the demand for drip irrigation systems.        

The market in the rest of the world (RoW) is anticipated to witness stable growth during the forecast period due to an increase in adoption of sustainable farming practices in countries such as Peru, Chile, and Venezuela in South America.

Market Segment

Global Drip Irrigation Market has been segmented in terms of emitter type, application technique, and end use.

Based on emitter type, the global drip irrigation market has been classified into inline emitters and online emitters. The inline emitters segment is expected to dominate the global drip irrigation market. It is anticipated to expand at a higher CAGR during the forecast period.

In terms of application technique, the market has been bifurcated into surface and sub-surface. The surface segment is estimated to expand at a higher CAGR and dominate the market during the review period.

Based on end use, the global drip irrigation market has been segregated into field crops, orchard crops, plantation crops, landscape, and others. The field crops segment is anticipated to dominate the market with the largest share. It is projected to register the highest CAGR during the study period.

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Market Highlights

Global Probiotics in Animal Feed Market is expected to garner a revenue of USD 6.5 Billion by 2024 and register a CAGR of 7.5% during the forecast period of 2019 to 2024.The microbial strains used in animal feed for promoting animal growth, yield, productivity, immunity, and gut health are known as probiotics in animal feed. The most common microbial strains used as probiotics for livestock are bacteria, yeast, and fungi. Manufactures are witnessing challenges in their growth in the global probiotics in animal feed market due to the rising initial investment, especially in research and development that is involved in the improvement of efficient and viable animal probiotic feed additives. However, prominent players active in the animal feed probiotics market are focusing on different growth strategies such as mergers & acquisitions, innovations, product launches, and joint ventures to overcome the challenges and attain larger market share.

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Key Players

Some of the key players in the Global Probiotics in Animal Feed Market are

• DuPont de Nemours, Inc. (US),
• Kerry Group (Ireland),
• Bluestar Adisseo Co., Ltd. (China),
• Evonik Industries AG (Germany),
• Land O'Lakes, Inc. (US),
• Pure Cultures (US),
• Alltech (US),
• Lallemand Inc. (Canada),
• Novus International, Inc. (US),
• Koninklijke DSM N.V. (Netherlands),
• Hansen Holding A/S (Denmark),
• Schouw & Co. (Denmark),
• Lesaffre (France),
• Unique Biotech (India)
• Novozymes (Denmark)

Key Developments

In Novemeber 2018, Evonik Industries AG entered into a strategic cooperation with Vland Biotech Group by signing a memorandum of understanding (MoU). The strategic cooperation was signed with an aim to develop new probiotics for animal health and enzymes for industrial use.

In Novemeber 2018, Lesaffre launched a new generation of its live Saccharomyces cerevisiae probiotic, ActiSaf Sc 47 HR+. It has high resistance against extreme conditions which probiotics and other feed ingredients are subjected to while pelleting.

In January 2017, Evonik Industries AG launched a new probiotic product GutCare PY1 in China, India, Bangladesh, and the US to garner a larger share of the markets of the countries mentioned.

Market Segment

Global Probiotics in Animal Feed Market has been segmented based on source, form, and livestock.

Based on source, the global probiotics in animal feed market has been segmented into bacteria and yeast and fungi. The bacteria segment has been further segregated into Streptococcus, Lactobacillus, Bifidobacterium, and others. The bacteria segment is projected to account for the larger revenue share and register the higher CAGR during the forecast period as bacterial probiotic strains are highly capable of increasing immunity, yield, productivity, and gut health in animals. Additionally, bacterial strains offer higher survival rate in animal gut as compared to yeast and fungi probiotic strains, owing to which bacteria is preferred as a probiotic in animal nutrition.

The global probiotics in animal feed market has been segregated, by form, into dry and liquid. The dry segment is expected to garner a larger revenue share of the global probiotics in animal feed market as the dry probiotics in animal feed offer low storage cost, ease in transportation, and higher shelf-life. The low or negligible moisture content in dry probiotics render them fit for use in animal feed as it helps in increasing shelf life of animal feed as well. Thus, the same segment is expected to register a higher growth rate during the forecast period of 2019 to 2024.

Based on livestock, the global probiotics in animal feed market has been segmented into swine, poultry, ruminants, aquaculture, and others. The poultry segment is expected to gain the largest revenue share of the global probiotics in animal feed market and is expected to maintain its dominance during the forecast period owing to the high demand for protein-rich products such as eggs and poultry meat. However, the aquaculture segment is projected to register the highest CAGR during the forecast period due to the increasing demand for animal-based dietary protein and rising focus on market players in developing products for complete growth and development of aquaculture animals.

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Market Highlights

Global Aloe Vera Products Market is expected to register a growth rate of 6.5% during the forecast period of 2019 to 2024 to reach USD 1.9 Billion by 2024. The nutritional aspect of aloe vera has been extensively analyzed in recent years and has gained attention from several food and healthcare product manufacturers. Aloe vera products are used in various skincare products due to its anti-aging, anti-bacterial, and antioxidant properties. Owing to this, aloe vera helps in treating sunburns and moisturizes and reduces acne and inflammation of the skin. Thus, these factors are expected to boost market growth during the review period.

The aloe vera is a perennial, drought-resistant, and succulent plant belonging to the Asphodelaceae family. Aloe vera is used as a general tonic for the immune system, helping it to fight illness. When aloe vera is used externally, no adverse effects are observed. However, excessive consumption of aloe vera causes colic and diarrhea. Therefore, owing to the potential of aloe vera, manufacturers in the aloe vera industry are focusing on launching products which have sufficient amounts of aloe vera, thereby assisting in detoxifying the body.

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Key Players

Some of the key players in the global Aloe Vera Products Market are

• Aloe Vera Australia (Australia),
• Aloe Plus Lanzarote S.L. (Spain),
• Lily of the Desert (US),
• NOW Health Group, Inc. (US),
• Forever Living.com, L.L.C. (US),
• Okyalo Co., Ltd (China),
• Real Aloe Solutions Inc. (US),
• Patanjali Ayurved Limited (India),
• Herbalife International of America, Inc. (US),
• Sarvliving (India),
• Green Leaf Naturals (US),
• Warren Laboratories LLC (US),
• Lakewood Juice Company (US),
• Biofinest (US),
• The Nature's Bounty Co (US)
• LR Health & Beauty Systems GmbH (Germany)

Key Developments

In January 2018, LR Health & Beauty Systems GmbH, a German food supplements manufacturer, built a modern production site for aloe vera products in Ahlen, Germany. The company started manufacturing LR Aloe Vera Drinking Gels at this site. With this production site, the company reinforced its claim of ‘Made in Germany’.

Industry Segment

 The global aloe vera products market has been segmented on the basis of type, category, and distribution channel.

Based on type, the Global Aloe Vera Products Market has been segmented into gels, juices, powders, and others. The juice segment is expected to account for the largest share of the global aloe vera products market during the forecast period. Consumers across the globe are increasing their consumption of aloe vera juice due to the high availability and introduction of innovative products such as aloe vera based flavored drinks. Moreover, various health benefits are offered by aloe vera such as reduction in inflammation and cholesterol, reduction of acid reflux and periodontal diseases, and regulation of blood sugar level and digestion. These properties are expected to boost the growth of consumption of aloe vera juice among the consumers during the forecast period.

The global aloe vera products market has been bifurcated, by category, into organic and conventional. The conventional segment is expected to account for the larger market share owing to the easy availability and lower prices of conventional aloe vera products as compared to organically manufactured products. However, the organic segment is projected to register the higher CAGR during the forecast period due to the rising inclination of consumers for organic products.

By distribution channel, the global aloe vera products market has been segmented into store-based and non-store-based. The store-based segment has further been divided into supermarkets and hypermarkets, convenience stores, and others. The store-based segment is projected to account for the larger market share due to the widespread availability of aloe vera products in supermarkets and hypermarkets. Moreover, there is a high preference for store-based channels as they provide a one-stop shopping experience. However, the non-store-based segment is projected to register the higher CAGR due to the increasing adoption of e-commerce in the food & beverage retail.

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Market Overview

Global Caviar Market is mainly obtained from Sturgeon fish caught in the Caspian Sea and it is considered expensive, but after the collapse and vanishing of the Soviet Empire, the stocks came dangerously close to extinction due to uncontrolled fishing of local fishermen just to survive. Now the prices of caviar are even higher and likely to continue increasing in the upcoming years. Russian Beluga caviar is hailed as the most prized caviar compared to other caviar types available in the market. Large caviar farms around the world are found in Italy, Israel, France, the US, and Uruguay.

Vegan caviar is the vegetarian and vegan-friendly alternative which is made from a unique formula of seaweed which is available in huge quantity in oceans. Vegan caviar is becoming popular in health conscious consumers as it is low in calories and cholesterol but it is high in calcium. The production of vegan caviar does not prove to be detrimental for fish stocks and it is also not dependent on the fishing industry. These factors are playing the key role to boost the vegan caviar market.

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Latest Industry Updates

Dec 2017: The demand of vegan caviar made from seaweed is increased in North America region especially in developed countries like U.S. and Canada.  

Nov 2017: Polijana is Croatia’s largest freshwater fish company is going to increase its production capacity.  Polijana is famous for production of beluga caviar.

Nov 2017: The Department of Environment sent out an advisory Tuesday alerting people that they cannot import caviar to Cayman without arranging for the appropriate CITES permit. All importers or traders in products affected by the CITES regulations must be registered with the Department of Commerce and Investment when renewing their Trade and Business License.

Nov 2017: Iran caviar exports decrease, output expected to rise. More than 557 kilograms of caviar worth over $1.37 million were exported from Iran during the seven months to Oct. 22, registering a 9% and 6.6% decline in weight and value respectively compared with the similar period of last year, figures released by the Islamic Republic of Iran Customs Administration showed. The declining sturgeon population and the ban on their fishing have also caused a downtrend in Iran’s caviar exports.

Competitive Analysis

Majority of the players in the Caviar Market are concentrated in the Europe region in terms of supply, however caviar is in more demand in the Asia and North America region. To get edge over the competitors, the companies are focusing onto increasing the production capacity of high quality caviar. Introduction of vegan caviar by few companies will change the market dynamics in the upcoming years.

The key players profiled in the caviar market are as The Caviar Co. (U.S.), DELICATESSEN SNAILEX s.r.o. (Czech Republic), AMANGUL TULBERGEN (Istanbul), Sepehr Dad Caviar Gmbh (Germany), CAVIAR BLANC (Portugal), LABEYRIE (France), and VODNY MIR (Ukraine) among many others.

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The Global Caviar market is segmented under the following regions mentioned below:

Market Overview

Global Pulse Flours Market has witnessed continued demand during the last few years. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on ‘Global Pulse Flours Market Research Report- Forecast to 2023’ that the market will demonstrate an exceptional CAGR while achieving good growth rapidly in the forecast period. Pulse flours are powdered material, which are prepared by grinding dried pulses such as bean, chickpea, lentil, pea, and others. These flours are used in the preparation of food, beverages, and functional foods owing to its therapeutic importance. Pulse flours are rich in proteins, vitamins, minerals, and carbohydrates, and contain high amount of dietary fiber. Additionally, these flours are widely used in enhancing products taste and aroma.

Rising consumer demand for pulse flours is increasing owing to its several benefits associated with the consumption. Pulse flours are low in fat-content and contain fiber and protein, which has shown a boundless inclination towards the pulse flours products. Also, therapeutic benefits associated with the consumption such as maintenance of blood sugar levels, improved digestion, and weight management have intensified the use of pulse flours in the food & beverage and functional food industry.

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Moreover, increased preference for green-label food & beverage products has surged the demand for pulse flours in the global market. Furthermore, increasing demand for gluten-free products in the food industry by gluten-resistant consumers is likely to increase the global pulse flours market over the review period. Also, pulse flours used in food and beverage products have a long shelf-life, which has uplifted the demand for pulse flours in the food & beverage industry. However, poor taste and olfactory properties, and fluctuating prices of pulses at a global level are likely to hamper the market growth over the forecast period.

Latest Industry Updates

June 2017 Archer Daniels Midland Company constructed a new flour mill in Illinois, US

July 2016 Ingredion, Inc. has introduced four pulse-based ingredients

October 2016 Ingredion announced plans to invest approximately $30 million in Mexico to expand capacity at the company's San Juan del Rio manufacturing facility.

November 2015 Scoular acquired Legumex Walker Inc.’s (LWI) Special Crops Division, a global merchandiser and processor of special crops, pulses, and associated healthy, specialty food ingredients.

Major Key Players

Market players in pulse flours market are emphasizing in the merger & acquisition activities to upsurge the product portfolio of the company. Also, the manufacturers are also investing in the pulse flours processing plant to increase the product portfolio. The strategic sales plan of pulse flours manufacturers includes use of online channels for marketing.

For that, key manufacturers are entering into a collaboration with the online channels to reach maximum customers and to upsurge the brand value of the product. Key players are penetrating the untapped market to increase the overall profitability. Key industrial players create and run awareness campaign to educate consumers and drive them to make a rational choice.

The key players profiled in pulse flours are Archer Daniels Midland (U.S.), SunOpta (Canada), Ingredion Incorporated (U.S.), The Scoular Company (U.S.), Batory Foods, Inc. (U.S.), Anchor Ingredients Co., LLC (U.S.), and Blue Ribbon LLC (U.S.) among many others.

Segments:

Global pulse flours market has been divided into type, application, distribution channel, and Region

On the Basis of Type: Bean, Chickpea, Lentil, Pea, and Others

On the Basis of Application: Beverages, Bakery Products, Savory Snacks, Meat Products, and Others

On the Basis of Distribution Channel: Store-Based, and Non-Store Based

On the Basis of Region: North America, Europe, Asia Pacific, and Rest of the World

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Regional Analysis

Global Pulse Flours Market is segmented into North America, Europe, Asia Pacific and Rest of the World. Among all the region, Asia Pacific region is expected to account for the significant market share in the global pulse flours market during the forecast period of 2017-2023. The segment is estimated to retain its dominance throughout the forecast period. India is a leading consumer of pulse flours owing to increasing awareness about the benefits of consuming pulse flours products. Additionally, improved agricultural growth trailed by innovations in the food processing and foodservice industry is considered to be the key driving factor in this region. Moreover, increasing demand for organic and green label convenience foods products in North American countries like the U.S., and Canada are likely to boost the growth of the pulse flours market during the assessment period.  Also, North America accounts for a higher consumption of GM pulse flours in food preparation, which is expected to drive the global pulse flours market. Furthermore, ongoing R&D activities to eliminate unpleasant smell and flavors from the pulse flours are likely to raise the growth of the pulse flours market.

Market Overview

Global Algae Products Market is projected to grow at a CAGR of 5.3% over the forecast period. Algae can convert carbon dioxide in the presence of sunlight into proteins and fats, which has a potential application in food and fuel. Algae products include food or feed, prepared by macro or micro-algae. Algae products are rich in protein content and have a wide range applications in food supplements, pharmaceuticals, feed supplements, nutraceuticals, and pollution control. Commonly screened algae for algae products include seaweed, kelp, chlorella, and spirulina.

Algae is a group of organisms having potential of photosynthesis process. It converts carbon dioxide in the presence of sunlight into proteins and fats which can be utilized as food and fuel. Algae products are food or feed formulations prepared by macro or micro-algae. Commonly used algae in algae products comprise seaweed, kelp, chlorella, and spirulina. Due to high nutrient excellence, algae products have a potential application in the food and feed supplements, nutraceuticals, pharmaceuticals, and pollution control.

North America is expected to show a higher growth rate in the algae products market over the forecast period 2017-2023. Europe is dominating the market followed by North America. Europe is major consumer of algae products supplements and food products due to increasing the consumer awareness. Furthermore, elevated demand for algae in the pharmaceutical and nutraceutical industry is considered to be a key driving factor in this region.

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Considering all these factors, North American algae products market is projected to grow at a CAGR of 5.0% during the forecast period 2017-2023.

Major Key Players

This report includes a study of strategies such as mergers, acquisitions, and product launches by the major algae products players. It further includes product portfolios, developments of leading players, which includes

Some of the key players profiled in the global Algae Products Market Cyanotech Corporation (U.S.), Cellana Inc. (U.S.), Alltech, Inc. (U.S.), Algaetech International Sdn Bhd (Malaysia), DIC Lifetec Co. Ltd. (Japan), BlueBioTech GmbH (Germany), Parry Nutraceuticals Limited (India)

Key Findings:

The demand for algae products is increasing from nutraceuticals industry

Aquaculture segment has massive opportunity

Biofuels made from algae has potential for better alternative to conventional energy

Segments

Algae products are segmented on the basis of the source, which includes macro-algae, micro-algae, and others. The macro-algae segment is dominating the market. The macro-algae are cheap and involve less cost in growing. Furthermore, extraction of phyto-ingredients from macro-algae is relatively simple than micro-algae. However, micro-algae products are used in the nutraceuticals industry for the production of various products such as supplements and energy drinks, which is expected to grow rapidly during the forecasted period.On the basis of product application, the algae products market is segmented in food supplements, feed supplements, nutraceuticals, pharmaceuticals, pollution control, paints and colorants and others. The nutraceuticals are dominating the market because of rising health awareness. However, the demand for food supplements is expected to experience a high growth owing to health benefits associated with the consumption of algae products.

On the basis of the distribution channel, the market is segmented into store-based and non-store based distribution channel. However, the store-based distribution channel is dominating the market based on one-stop shopping experience.

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Regional Analysis

The Global Algae Products Market is segmented into Europe, Asia Pacific, North America, and rest of the world (RoW). Europe is dominating the in the algae products market followed by North America. Europe has been accounted for a higher consumption of algae products supplements and food products owing to increasing consumer awareness. Furthermore, high demand for algae in pharmaceutical and nutraceutical industry is considerd to be a key driving factor in this region.

Moreover, increasing consumer awareness and high demand for food and feed supplements from countries like India and China, a huge growth is anticipated in the algae products market in Asia Pacific region. Additionally, high focus on R&D in algae products for pollution control is observed, which is expected to encourage the growth of the global algae products market

Market Overview

Global Algaecides Market is a chemical treatment designed to kill and prevent algae growth. There are mainly two types of algaecides such as natural algaecides and synthetic algaecides. They are applicable in agriculture, surface water treatment, aquaculture, and others. It is mainly used in aquaculture to promote aquatic life by preventing algae growth which inhibits the growth of the aquatic life. Moreover, it is used in agriculture to prevent the degradation of soil quality caused by algae. Increasing pollution has caused an increase in the growth of algae and raised the need for algaecides.

Algaecides help in killing and preventing the growth of algae. Increasing population and growing demand for food have led to high agricultural productivity which is driving the growth of the algaecides market. Moreover, limited availability of cultivable land is boosting the demand for algaecides to increase farm productivity.

Major factors such as water, temperature, rain, sunlight, pH, and mineral content are driving the growth of algaecides market. Moreover, increasing demand for fish among the population is supporting the growth of algaecides among the farm fishes. However, stringent regulations on the use of algaecides may hamper the growth of algaecides market. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 3.9% of algaecides market during the forecast period 2017-2024. 

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Major Key Players

The major players in the Algaecides Market,

• The Dow Chemical Company (U.S.)
• BASF SE (Germany)
• Lonza Group (Switzerland)
• Waterco Limited (Australia)
• Sepro Corporation (U.S.)
• Oreq Corporation (U.S.)
• Biosafe Systems, LLC (U.S.)

Downstream Analysis:

Algaecides market is segmented on the basis of type such as natural algaecides and synthetic algaecides. Among them, the synthetic algaecides segment is witnessed to be dominating the market and is projected to grow potentially over the forecast period.

Based on the form, algaecides market is segmented into granular, liquids, and others. The granular segment accounted for the largest market share based on its effectiveness and higher penetration in the algal cells.

On the basis of application, algaecides market is segmented into agriculture, surface water treatment, aquaculture, & others. Among all, the aquaculture segment is projected to be dominating the market with a potential growth over the estimated period.

Based on the mode of application, algaecides market is segmented into selective algaecide and non-selective algaecide. Among them, the non-selective algaecide is dominating the market owing to high efficiency and improved control at a range of algal species.

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Regional Analysis

The global algaecides market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW). North America is dominating the market followed by Europe. In North America, Canada is the major contributor of algaecides followed by the U.S.

Asia Pacific is observed to be the emerging market for algaecides. India and China are the major contributors to the growth of algaecides market in this region. Increasing awareness for algaecides among the population along with the implementation of modern farming techniques is boosting the growth of algaecides market in this region. For rest of the world, Latin America is projected to witness high growth over the estimated period.

Market Insight

Global Gluten Free Products Market is challenged primarily by the price difference between gluten-free products and their traditional counterparts. Gluten-free products are normally offered at higher prices which can make them inaccessible or unaffordable for many consumers, thus restraining market growth. This is partly due to the prominent use of almond flour which is more expensive than wheat flour or other gluten-free alternatives.

Celiac disease is a hereditary autoimmune condition in which the immune system interacts badly with gluten and causes damage to the small intestine. 1 in every 100 people has been found to have celiac, and this number is expected to grow over the forecast period as many individuals in the global population are undiagnosed. Moreover, the condition is incurable, and the only treatment is to avoid gluten entirely in the diet. The growing number of gluten intolerances being found have increased the demand for gluten-free products. Through product innovation, manufacturers can produce a wide variety of food and beverage products which are gluten-free. Retail outlets are increasingly stocking gluten-free products with many supermarkets having dedicated aisles for the same. This has led to an increase in demand for a variety of different food products that were previously off limits for gluten intolerant individuals. Notably, gluten-free food items are healthier than their conventional equivalent. Many consumers are under the impression that they are gluten sensitive and as such, they are also among consumers who are placing high demand for gluten-free products. other factors influencing growth include increasing competition in the market to provide a wider variety of gluten-free options, increasing advertisement and promotional activities to boost sales and development of new products.

Gluten is a protein which is most commonly found in grains is pervasive and is found in most food products. However, celiac's disease and gluten intolerances have increased the demand for gluten-free food products. Gluten can have several adverse effects on the health on an individual with gluten intolerances; these include abdominal bloating, vomiting, migraines, joint pains, and others. The spike in demand for gluten-free products has led manufacturers to innovate and find substitutes such as rice, cassava, corn, soy, and several others.

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Top Key Players Review

Important and influential players participating the in the Global Gluten-Free Products Market have been included in the report. These players are

• The Hain Celestial Group Inc.,
• Mondelez International, Inc.,
• Freedom Foods Group Ltd.
• The Kraft Heinz Company,
• Boulder Brands Inc.
• Hero Group AG
• Kellogg Company
• General Mills Inc.

Latest Industry News

Krusteaz, a prominent producer of baking mixes has launched a gluten-free cinnamon swirl crumb cake and Muffin Mix.

Absolutely Gluten Free has recently launched the TahiniBAR and has been finding success with independent natural retailers. The brand is now set to stock at major retailers by the end of 2018.

Market Segmentation

By Distribution Channel, the Global Gluten-Free Products Market includes store-based and non-store based. Between these, the store-based segment is expected to register the highest growth at a CAGR of 9.23% during the assessment period.

MRFR's report includes a detailed segmentation analysis which has been done based on type, distribution channel, and region. Various types of gluten-free products are available, and in the report, this is segmented into dairy & frozen desserts, beverages, bakery & confectionery, meat products, prepared foods, and others. The bakery & confectionery segment is projected to gain prominence in the global gluten-free products market and will grow at a promising CAGR of 9.91% during the forecast period. this is primarily since bakery products are widely consumed but tend to be high in gluten.

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Regional Analysis

The regional study of the global Gluten-Free Products Market divides it into Asia Pacific, North America, Europe, and Rest of the World. The North American market leads the market with the most significant share due to the presence of a high number of diagnosed individuals with celiac's disease. The awareness regarding the condition and the widespread belief that gluten-free products are healthier will drive the region's growth. North America is expected to appreciate in market value to reach an estimated USD 3,903.29 Mn by 2023. Europe is another significant market which has a similar growth pattern to that of North America and is expected to register growth at a CAGR of 9.84% during the assessment period.

Market Analysis

Global Edible Insects Market is expected to generate a CAGR growth of ~ 5.3 % during the forecast period. Edible insects are edible rich source of Vitamins, Proteins and Amino Acids and safe for human consumption. Human insect-eating is common and even popular in some cultures in Latin America, Oceania, Asia, Australia, Africa and others with over 1,000 species of insects being eaten.

The growing acceptance and availability of nutritional facts about insects, coupled with their lower cost per gram of protein nutrition is the prime driver of the market. Apart from being a rich source of protein, edible insects also provide Minerals, Fibers, Vitamins and Fatty Acids. The growing availability of insect nutrition data is represented by FAO estimates of 1900 edible insect species and approximate 2 billion insect consumers worldwide. Insect consumption has also been suggested as a solution to environmental degradation caused by livestock production especially the production of methane and ammonia. Insects have also been proposed to reduce the consumption of fertilizers.

The inclusion of insects in foods such as snacks, protein and energy bars and others such innovations will boost the market. The growing packaging industry has provided an impetus to the market in form of roasted and dried varieties of edible insect products. The potential applications in animal feeds is expected to generate fastest growth in the market.

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Major Key Players Trend

Some of the key players profiled in the Global Edible Insects Market

• Nordic Insect Economy Ltd. (Finland),
• HAOCHENG Mealworms Inc. (China),
• Thailand Unique (Thiland),
• BUGSOLUTELY Ltd. (Thiland),
• EAP Group, SARL (France)
• NUTRIBUG Ltd. (U.K)
• CHAPUL Inc. (U.S.)

Restraints

Taboo on insect consumption by the mainstream society is the single most critical restraint on the market. Concerns about safety and toxicity profile of the insects is another restraint on the market.

Some of the edible insects used in food industry are caterpillars, ants, and wasps, bees, beetles, scale insects, grasshoppers, crickets and locusts, and mealworm.

Also, edible insects used in food and beverage products are relatively cheaper, which has uplifted the demand for edible insects in the food & beverage industry. Additionally, they are not only used in food and beverage industry but also has a potential application in animal feed owing to high amount of amino acids & minerals. However, the limited availability of edible insects and the absence of regulatory laws are likely to hamper the growth of the edible insects market over the review period.

Key Findings

Crickets and mealworms are widely used edible insects in human food & pet food, this has a huge opportunity in the global food and feed market

Increasing bug farming has headed in employment in the rural and urban areas owing to growth in the income

Segments

Type - caterpillars, ants and wasps, beetles, bees, scale insects, grasshoppers, crickets and locusts, mealworm, and others. Beetles make up 40% of all edible insect species followed by crickets.

Application - food & beverages, bakery products, savory snacks, animal feed, and others.

Distribution channel - store-based and non-store based distribution channel. The store-based distribution channel is dominating the market.

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Regional Analysis

Asia Pacific is expected to dominate the Edible Insects Market followed by rest of the world. Thailand is the largest market owing to traditional acceptance of insects as food. Thailand is followed by China, Japan, Korea, Cambodia and Vietnam.

The South American region is expected to be led by Brazil, Mexico, Honduras and Nicaragua. South Africa, Angola, and others are expected to generate the fastest growth in the Middle East and Africa regions.

Market Analysis

Modified Starches Market have several uses in a variety of foods such as bakeries, snacks, beverages as well as functional foods. There is a rise in the demand of modified starches due to rapid growth of food industry. This has surged the growth of the global modified starches market. The production of starch is from renewable resource especially cassava starch, as it is produced in abundant quantities in many countries. The starch based bio-degradable plastic is a good barrier to oxygen in dry state. This plastic is generally used for wrapping fast food items and planting pots for agriculture purposes and others. Biopolymers based on fermentation products such as PHB (polyhydroxybutyrate), polylactic acid are polyester 100% based on starch which has various application such as in molds, films, fibers and medical implants.

Starch products are also used in the glazing of fabrics. Miscellaneous applications for starch products include their use as flocculating agents, anticaking agents, mold-release agents, dusting powder, binders for pharmaceutical products, thickening agents and as raw materials in the production of chemicals and explosives. Hence, diverse application in various industries will drive the market of modified starches globally.

Wet-end starch additives comprises of bonding agents as it helps in binding fibers firmly composed in the sheet. Furthermore, modified starches are also used as binders for compressing powders and dust to tablets, slabs, and blocks for future processing purpose. Urea, formaldehyde and phenol are replaced by cheap binders like sulphite black liquors which also help in reducing hazards caused by other chemical binding agents to the environment. The major use of starch products in textile industry includes being used as a strengthening agent in draping yarns and improving the resistance to abrasion throughout weaving.

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Applications of modified starches are stabilizing agent, emulsifying agent, thickening agent, and as freeze-thaw stabilizing agent. The food and beverage industry have huge demand for modified starches. However, use of acacia gum as a substitute to modified starches might slow down the modified starch market, as the substitute offers effective solutions to replace modified starches by enhancing processing, flavors, and mouth feel. This rising demand for acacia gum poses a threat to the modified starches market over the review period.

Major Key Players

The leading market players in the Global Modified Starches Market primarily are Tate & Lyle PLC (U.K.), Cargill, Incorporated (U.S.), Archer Daniels Midland Company (U.S.), Ingredion Incorporated (U.S.), Agrana Beteiligungs-AG (Austria), Grain Processing Corporation (U.S.), and Roquette Frères (France)

Latest Industry Updates

Oct 2017 Cargill Inc. has launched a portfolio of functional native starches under the new SimPure brand. SimPure offers food and beverage manufacturer’s tailor-made, functional native starches that deliver the simple ingredient label consumers want, along with greater process tolerance, shelf life and storage stability.

Aug 2017 Tate & Lyle PLC, a leading global provider of food ingredients and solutions, has announced expansion of its line of CLARIA functional clean-label starches with the introduction of two new instant starch products: CLARIA Instant 340 and 360.

Mar 2017 Ingredion Incorporated, a leading global provider of ingredient solutions to diversified industries has announced six additions to its PRECISA Crisp line of functional starch texturizers for the snack industry.

Jan 2017 Ingredion Incorporated launched 9 additions to Non-GMO Project certification. The starches product line offers extensive variety of development tolerance and stability in various applications such as dressings, sauces, ready meals, yogurts and dairy desserts.

Regional Analysis

The global modified starches market is in the entire world; to name few regions where this market exist are North America, Europe, China and Asia Pacific.  Among these APAC has the major market share followed by North America. Europe is projected to grow at the fastest rate in the coming years owing to rising demand for modified starches from the paper industry, and textiles. North America dominated the modified starches market and market volume is projected to reach 43.92 MMT by 2022 and will grow at a CAGR of 3.93%. Due to the cheap raw materials & low production costs as well as less stringent environment regulations Asia-Pacific region is in a better position to produce starch at more competitive prices than developed countries in European and North American region.

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Segments

Modified starches market has been segmented on the basis of source of modified starches, market is segmented into corn, wheat, cassava, potato, and other sources. On the basis of form, market is segmented into powder, liquid and gel. On basis of application, market is segmented into food & beverages and non-food application, food application includes confectionery, processed food, beverages, and others. Non-food applications includes corrugation and papermaking, personal care, pharmaceuticals, textiles, and others includes mining & drilling, construction & building, adhesives, chemicals and animal feed.

Market Analysis

Global Soy Protein Ingredients Market is projected to grow at a CAGR of 6.9% over the forecast period. Soy protein is a plant based protein and a best substitute for animal protein. It is extracted from soy meal which is derived from soybean. Soy Protein is used for fortification of several food products and as an alternative to dairy protein. It contains amino acids and is also rich in fiber, iron, calcium, potassium, polyunsaturated fats and lecithin, magnesium and vitamin B. The most commonly used types of soy protein ingredients include soy protein isolates, soy protein concentrates, soy protein flours and others. They have application in various industries such as bakery & confectionery, dairy & frozen desserts, beverages, oils and fats, sweet & savory snacks and others.

North America is dominating the market and is the fastest growing market in Soy protein ingredients over the forecast period 2017-2024. The U.S. is the major contributor of soy protein ingredients market in North America followed by Canada. Canada is projected to be the major market in innovation of soy protein ingredients. The key players are majorly based out of the U.S. and their high focus on R&D is boosting the growth of soy protein ingredients in North America. Around 75% of population in North America are lactose intolerant which turns it to be an opportunistic market for soy protein ingredients market. Moreover, high inclination towards functional food and beverages among the consumers is propelling the growth of the market in this region. However, several substitutes available in plant based protein may hamper the growth of the market. All these factors is projected to grow North America market at a CAGR of 7.5% during the forecast period 2017-2024.

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Major Key Players

This report includes a study of strategies such as mergers, acquisitions, and product launches by the major Soy protein ingredients players. It further includes product portfolios, developments of leading players, which includes

Some of the key players profiled in the Global Soy Protein Ingredients Market are Wilmar International Ltd (Singapore), Archer Daniels Midland Company (U.S.), Cargill Incorporated (U.S.), Ingredion Incorporated (U.S.), DuPont Nutrition & Health (Denmark), CHS Inc. (U.S.), Kerry Group PLC (Republic of Ireland)

Key Findings

Soy protein ingredient is gaining high traction in infant food formulations in recent years. Canada is projected to be the most innovative country in terms of soy protein ingredients market

Segments

On the basis of type, Soy Protein Ingredients Market is segmented into soy protein isolates, soy protein concentrates, soy protein flour and others which includes soy chunks and soy grits. Soy protein isolates is dominating the market owing to its high protein content. However, soy protein concentrates is projected to witness substantial growth over the forecast period.

Based on the application, soy protein ingredients market is segmented into bakery & confectionery, dairy & frozen desserts, beverages, oil and fats, sweet & savory snacks and others. Beverage segment is dominating the market among others. However, sweet & savory snacks segment is anticipated to grow substantially over the estimated period. Moreover, functional foods and infant food formula are the growing industry in application of soy protein ingredients.

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Market Overview

Global Specialty Food Ingredients Market is expected to grow at Significant CAGR from 2019 to 2023 as per MRFR Analysis. Specialty food ingredients are a vital addition to processed food as they help maintain the functional integrity of the product while adding several micronutrients which enhance the diet. Specialty food ingredients are largely used to perform a wide number of applications such as preserve the texture of a product or enhance its color. This makes the product easier to consume as it increases flavor makes the product safe among other advantages which are key in driving the global specialty food ingredients market. Market Research Future has conducted a thorough study of the market, and the upcoming report features many pertinent facts and figures as well as important observations. The growth of the market is reliant on the fact that the specialty food ingredients are important in maintaining the sustainability of processed food products. Their use in almost every part of the F&B industry such as bakery & confectionery items, beverages, meat products, and several others is also a key factor driving its growth as demand is consistent and ongoing.

Moreover, consumers are rapidly shifting preferences in food for convenient processed food as well as functional food & beverages due to rising concern for health. Prevalence of chronic diseases has increased, particularly in urban areas. Diabetes and obesity are on the rise and have spurred consumers to make changes in their diet, thus resulting in a shift toward health consciousness in a choice of food products. Many countries have stringent laws regarding the printing of nutritional information on products which have slowly garnered attention among consumers as they are now putting more emphasis on ingredients in processed food.

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Additionally, the trend for convenient and functional food and beverage items has encouraged the adoption of specialty food ingredients in order to add a healthy edge to conventional products to tap into the growing health-conscious demographic in urban areas. Another factor of note in the same vein, is the preference for convenient packaged and processed F&B products as lifestyles in urban areas have become highly hectic, with more women joining the workforce. The busy lifestyles of working professionals are a key factor driving the sales of packaged or processed food items, thus driving the growth of the global specialty food ingredients market.

Key Players

MRFR’s report also covers the competitive landscape of the global specialty food ingredients market. Important market players that have been included in the report are Frutarom, Archer Daniel Midland, Kerry Groups, Tate & Lyle PLC, Evonik, Ingredion, Royal DSM N.V., PPG Industries, Ingredion Incorporated, CHR. Hansen, Naturex, Cargill Inc., KF Specialty Ingredients, E. I. DuPont de Nemours and Company, Givaudan Flavors, Ashland Inc, and Sensient Technologies among others.

Market Segmentation

The global specialty food ingredients market has been segmented in MRFR's report to provide a view of the market in its various parts as well as a whole. The market has been segmented on the basis of ingredients, application, and region. Ingredients are segmented into vitamins, minerals, antioxidants, sugar substitutes, flavors, specialty starches, acidulants, preservatives, emulsifiers, colors, enzymes, and F&B starter cultures. Applications for specialty food ingredients are found in bakery & confectionery, beverages, dairy & frozen foods, convenience foods, meat products, and functional food/ beverages/dietary supplements.

The market has also been analyzed by its various geographical segments which include North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa.

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Regional Analysis

North America and Europe have significant markets for specialty food ingredients, and these regions have a high concentration of market players who are actively involved in the growth of the market. The presence of a considerable F&B sector in these regions combined with the increasing health consciousness as well as stringent regulations regarding the use of certain specialty food ingredients are expected to fuel the growth of the market.

Meanwhile, the Asia Pacific represents massive potential for the market as it has a high concentration of emerging economies with massive populations. The region is urbanizing rapidly, and the demand for convenient and functional processed or packaged food items is driving the APAC market. APAC also has an increasing number of women participating in the workforce, which has further increased the demand for healthy functional food which is convenient and supports a busy schedule without compromising of health.

Market Insight

A new report on the global Gummy Vitamins Market, published by Market Research Future (MRFR), assesses that this market could envisage the expansion at 9.10% CAGR between 2018 and 2028. In terms of value, the market can be worth USD 3,931.8 Mn by the end of the forecast period. Gummy Vitamins are defined as chewable supplements that are available in various flavors and sizes.

The major market drivers for the global gummy vitamins market growth are increasing cases of vitamin deficiencies and preference for easy-to-swallow supplements. The need for natural colors, natural flavors, and natural sweeteners can open lucrative avenues for market growth. Vitamin supplements that taste sweet appeal to kids and adults alike. Also, sweeteners that are without sugar can make gummy vitamins suitable to consume for diabetic patients too. Other market drivers include the availability of chewable supplements such as gummy vitamins and high demand for naturally derived products. However, one factor that can pose a challenge to market growth is adverse effects.

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Key Players

Big players in the global Gummy Vitamins Market include

• Bayer Group (Germany),
• BETTERA Wellness Corp. (USA),
• Church & Dwight Co. Inc. (USA),
• Gimbals Fine Candies (USA),
• HERBALAND Naturals Inc. (Canada),
• Hero Nutritionals LLC (USA),
• Life Science Nutritionals (Canada),
• The Nature's Bounty Co. (USA),
• Nature's Way Products LLC (USA),
• Olly Public Benefit Corporation (USA),
• PHARMAVITE LLC (USA),
• Rainbow Light Nutritional Systems Inc. (USA),
• SMARTYPANTS Inc. (USA),
• SOFTIGEL (USA)
• ZANON VITAMEC USA Inc. (USA)

Latest Industry News

USA’s #1 gummy vitamin brand vitafusion™ has launched its Gorgeous Hair, Skin, and Nails. This is a delicious raspberry-flavored multivitamin whose key ingredients are Biotin, vitamin C and vitamin E. Containing 12 essential nutrients; this gummy vitamin can provide gorgeous skin, healthy nails, and luxurious hair. This gummy vitamin uses only natural fruit flavors.

Market Segmentation

The global gummy vitamins market segmentation encompasses distribution channel, end-user, and type. MRFR’s take on the market explores various facets of the market in-depth.

Based on the distribution channel, this market can be segmented into store-based distribution and non-store-based distribution. During the forecast period, the store-based distribution channel has been projected to reach USD 7,684.5 mn. By 2028, the non-store-based distribution channel is expected to grow at 10.10% CAGR by 2028. Non-store-based distribution channels use e-commerce platforms to offer customers across various regions, an array of products.

Regarding end-user, the market has been segmented into child and adult. The child segment accounts for 29.10% market share as manufacturers are introducing low sugar content-based supplements to sustain constant sales of supplements for children. Growing at 9.27% CAGR, the child segment can reach a valuation of USD 2,776.5 Mn by 2028. However, the adult segment is expected to attain the value of USD 6,618.5 Mn by 2028 while growing at 9.03% CAGR, to meet dietary requirements.

By type, the market has been segmented into single vitamins and multivitamins. During the forecast period, the single vitamins segment can exhibit 8.88% CAGR, attaining the valuation of USD 2.78 Bn. Benefits of vitamins are expected to boost the sales of vitamin supplements and ensure market growth. By 2028, the multi-vitamins segment can grow at 9.20% CAGR, likely to achieve the USD 6,610.8 Mn.

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Regional Segmentation

A geographical outlining of the global gummy vitamins market covers Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa (MEA).

Grasping 30.44% of the global market share, the market in Europe can expand at 9.40% CAGR, achieving the valuation of USD 2,939.7 Mn by 2028. In this region, the market can rise due to consumer inclination towards nutrient-dense food and beverages. Numerous flavors and shapes of vitamin supplements can attract more customers. High demand for natural as well as organic food products is also contributing to the market growth. The significant country-specific markets in this region are Belgium, France, Germany, Italy, Luxembourg, the Netherlands, Russia, Spain, and the UK.

Market Analysis

Global Food Emulsifiers Market is expected to grow at Significant CAGR from 2019 to 2022 as per MRFR Analysis. The Food and Beverage Industry has achieved remarkable success in the past few years. Its success has driven the growth of many smaller businesses and markets. The development that is being observed by the global market for food emulsifiers is a result of the expansion food and beverage sector.

Food emulsifiers are basically connecting links between two opposite substances like water and oil. Over the years due to its versatility it has become an important part of various industries associated with food products. Figuratively, the future looks good for this market, the CAGR and revenue prediction bear witness to this fact.

Growing awareness amongst the people regarding food and rising interest in appearance and texture of food products happen to be the two major growth drivers for this market. Furthermore, the demand for seafood and processed meat also happens to positively influence the market’s growth.

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Market Players & Key Strategies

Many stakeholders have invested in the global market for food emulsifiers. Each day new players are being added to the market. However, there are very few who have been able to cope with the competition. Some of the brands that have emerged victorious can be named as Archer Daniels Midland Company, Riken Vitamin Co, Ltd., BASF SE and Dow Corning Corporation.

To stay ahead of their competitors these brands employ various growth strategies like strategic expansion, partnerships with other organizations and investment in research and development activities.

Industry News

The latest positive development for this industry has come in from the Asia Pacific region. Two market giants namely Oleon Nv and United Plantations recently announced their alliance. Together they will be building a brand-new food emulsifier plant in Malaysia. The market has great hopes from this project.

Market Segmentation

In the research report distributed by Market Research Future, an in-depth segmental analysis has been provided for the global market for food emulsifiers. It has been listed down as below:

By Application – Poultry & Fish, Infant Formula, Bakery, Confectionery, Processed Meat and margarine & spreads. Bakery products account for the largest market share.

By sources – Synthetic, Plant Sources and animal sources.

By Types – Polyhydric Emulsifiers, Sorbitan Derivatives, Lecithin, Anionic Emulsifiers and Mono-Glycerides. Amongst all of these segments, mono-glycerides bags the maximum number of market shares. The main reason for this is its widespread usage in the food and beverage sector.

Regional Analysis

The market for food emulsifiers has successfully established its hold across various areas of the world. The major areas where its prevalence can be especially observed can be characterized as Asia Pacific, North America, Europe and Rest of the World.

After undertaking an in-depth analysis of all the regional trends of the aforementioned regions, the research report by Market Research Future concluded that the market is ruled by Europe in terms of region. Experts believe that the market in this region will tread forward at a steady pace during the projection span.

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Asia Pacific comes next in line; it is expected to witness rapid growth over the forecast period. The soaring economies of countries like China, Japan and India can be held responsible for this growth. Moreover, the residents of these regions consume comfort and processed food items in high amounts which further boosts the expansion. At present, India and China are experiencing a great demand for confectionery and bakery products which further propels the market growth.

Certain Latin American countries to offer a viable scope for growth as their economies are growing at a steady pace. During the forecast period, this region is expected to experience considerable growth.

Market Analysis

Growing acceptance of modern farming is adding fuel to the growth of Herbicides Market. Owing to the improved efficiency of crops through herbicides, major players are investing in research and development which is further boosting the growth of global herbicides market. However, hazards associated with synthetic herbicides have led to several stringent regulations on the use of herbicides which may hamper the growth of herbicides market. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 5.9% of herbicides market during the forecast period 2017-2024.

Herbicide is a chemical substance used to control or manipulate undesirable vegetation, especially weeds. Herbicides are either pre-plant, pre-emergent or post- emergent. Post emergent are further classified into selective herbicides which kill specific unwanted plants while leaving desirable vegetation relatively unharmed and non-selective herbicides which kill all or most plant species. They can be applied directly to the plant, applied to the soil, or sprayed onto the foliage. The most commonly used herbicides include Glyphosate, 2, 4-D, Atrazine, Dicamba, Diquat, Acetochlor, and others. They are used in oilseeds & pulses, cereals & grains, fruits & vegetables, and others.

Herbicides help in improving agricultural productivity by killing unwanted herbs and weeds in the plantation. Increasing population and growing demand for food has led to the need for high agricultural productivity which is driving the growth of the herbicides market. Moreover, limited availability of cultivable land is boosting the demand for herbicides to increase farm productivity.

Downstream Analysis

Herbicides market is segmented on the basis of active ingredients such as Glyphosate, 2, 4-D, Atrazine, Dicamba, Diquat, Acetochlor, and others. Glyphosate is the fastest growing segment. It is one of the cheapest non-selective herbicides and is effective on a wide range of weeds. Moreover, RoundUp which is the most commonly used herbicide globally contains active ingredient glyphosate.

Based on the type, herbicides market is segmented into pre-plant, pre-emergent, and post- emergent herbicides. The post-emergent herbicide is further segmented into selective and non-selective herbicides. Among all, post emergent herbicide is the fastest growing segment owing to its advantage over pre- emergent herbicides.

Based on method of application, herbicides market is segmented into soil and foliar. Foliar applied herbicides are dominating the market and is expected to grow substantially over the forecast period.

Based on the application of herbicides, the market is segmented into oilseeds & pulses, cereals & grains, fruits & vegetables, and others. Among all, cereals & grains are dominating the market followed by fruits and vegetables.

Competitive Analysis

The major players in the Herbicides Market,

• BASF SE (Germany)
• The Dow Chemical Company (U.S.)
• Monsanto Company (U.S.)
• FMC Corporation (U.S.)
• Bayer AG (Germany)
• Agrium Inc (Canada)
• PI Industries (India)

Regional Analysis

The global herbicides market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW). Asia Pacific dominates the market and is projected to witness substantial growth over the estimated period. India and China which are two of the largest countries in terms of population are majorly contributing the growth of herbicides in this region.

North America is the second largest consumer for herbicides. However, stringent environmental regulations in the developed economies of North America and Europe are expected to restraint market growth in these regions. Bio based herbicides are expected to offer huge growth opportunity in North America and Europe. For rest of the world, South America is projected to witness high growth owing to increasing demand for crops in this region.

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Market Segmentation

Herbicides market is segmented based on active ingredients, type and method of application, application and region.