The global perception toward daily food products is shifting from products providing basic nutrition to those offering several health benefits, such as functional foods. Today, a wide range of functional foods have been developed, including probiotics, prebiotics, and symbiotic foods. These products have changed the approach of various food processors from considering food only as a source of energy and nutrition to biologically active food components that confer benefits on human health. Functional foods are gaining popularity for their prevention and curing effects beyond their nutritional value. The global probiotics market is witnessing the development of a wide range of applications of probiotics, such as fortifying these ingredients in food & beverage products.

Probiotic functional foods have shown positive effects on overall human health. Probiotic foods & beverages can be broadly classified as probiotic dairy products (cheese, yogurts, and milk) and probiotic non-dairy products (juices, kombucha, bakery, meat, and baby food). The market for probiotic dairy products has been increasing gradually over the past decade, with the growing demand for yogurt across the globe. Various probiotic products are classified on the basis of bacterial strains used, such as Lactobacillus and Bifidobacterium. Probiotics are prominently present in the form of bacteria in most dairy products, such as ice creams and cheese, which help in improving gut health.

High consumer demand for scientifically proven health foods and dietary supplements, particularly in developed economies, poses opportunities for probiotic manufacturers. Companies such as ADM (US), DuPont (US), Nestle (Switzerland), Probi AB (Sweden), and Danone (France) are the major market players. The global probiotic market is projected to be valued at USD 85.4 billion by 2027. The Asia Pacific market is projected to grow at the highest CAGR during the forecast period.

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Key Drivers Impact the Growth

Health Benefits associated with probiotic-fortified foods – Probiotics are found in supplement form or as components of foods & beverages. Its integration with inexpensive health foods, such as yogurt, fruit juices, and cultured dairy drinks, has contributed to significant market size. The most commonly used probiotic bacterial strains include Bifidobacteria and Lactobacilli, which are found in various dairy products, including yogurt. In the dairy category, yogurt is the most popular option for the consumption of probiotics.

Increasing popularity of probiotic dietary supplements –Dietary supplements include tablets, capsules, powders, liquids, and pills, which are convenient forms of consuming the daily nutritive requirements of the body. Probiotic dietary supplements are not as popular as probiotic foods, especially in the Asia Pacific, but have started gaining popularity over the past few years. North America is a huge market for probiotic dietary supplements due to the natural predisposition of consumers to take supplements. Compared to European countries, people in the US are more willing to consume oral supplements. In the US, the FDA does not require pre-market approval of the health claims made by the manufacturers of probiotic dietary supplements, which allows them to launch innovative products to cater to the increasing demand.

Probiotic Products Restraints and Challenges

High R&D cost for developing new probiotic strains – Substantial investments in R&D activities, as well as investments in laboratories, research equipment, and the high cost of hiring trained professionals, create barriers to the development of the probiotics market. The scientific validation related to the usage of probiotics in their applications has become a success in this market. Probiotics applications are linked with health benefits, which makes it challenging for manufacturers to get an adequate RoI on high initial investments.

Complexities in integrating probiotics in functional foods – The development and commercial aspects of functional food products are rather complex, expensive, and uncertain. The factors behind the success of functional food product development are consumer demand, technological conditions, as well as legislative and regulatory background. However, consumers’ knowledge of the health effects of specific ingredients can affect the acceptance of specific functional foods. Common functional ingredients, such as minerals, fiber, and vitamins, are preferred over new and improved products, such as foods enriched with probiotics, prebiotics, flavonoids, carotenoids, and conjugated linolenic acid.

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The global nutraceutical ingredients market was expected to grow from USD 185.2 billion in 2022 to USD 261.7 billion by 2027, at a compound annual growth rate of 7.2% during the forecast period. Nutraceutical businesses can use AI to select ingredients quickly by comparing millions of data points from nutritional studies. The nutraceutical industry is an innovative, dynamic sector that gives new chances to combine scientific advancement with rising consumer interest in foods that promote good health. In order to lower the expensive treatment, nutraceutical products are gaining popularity as nutraceuticals are more of preventive method than cure.
Consumer demand is a major driver of the nutraceutical industry's explosive expansion. In order to prevent diseases like diabetes, high blood pressure, and obesity, consumers are striving to lead healthy lifestyles and eat optimally. Since, healthcare is luxurious for most of the population, they are opting for alternative cure or taking preventive methods to avoid health problems.

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The Food segments by application is projected to have the highest market share in the global nutraceutical ingredient market.
Research & development on nutraceutical product have been improving innovative products and developing customized products according to the consumer requirements. Products with customized requirement and trending food products would attract more customers. Various companies have understated their customers’ needs and have developed nutraceutical products like gummies, lozenges, hard candies, malt powders, nutrient bars, and more. These products are customized according to the health benefit, according to their diet, and more. Hence, their market is estimated to gain more market share in the nutraceutical ingredient market.
The dry ingredient, by form is projected to attain the fastest market growth in the nutraceutical ingredients market throughout the forecasted period.

New emerging technologies like encapsulation methods, have helped various companies in making a liquid format ingredient to dry format. These encapsulated ingredients can preserve its liquid ingredient without degrading with other compounds in the product formulation and can also release the compound in desired rate to the product. such technology improvements have helped various formulator, as liquid form of ingredients is mostly unstable and can degrade.

APAC is projected to account for the highest market share in the nutraceutical ingredients market during the forecast period.

The increased economic growth of the countries in the region and the rise in convenience food consumption due to busy lifestyles have fueled the demand for enriched nutritional food and beverage products in this region. Additionally, rising consumer expenditure on health and wellness products as a result of changing lifestyles and rising disposable income is likely to be major factor contributing to market growth in the Middle East & Africa and the Asia Pacific.

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Key Market Players

The key players in this market include such Associated British Foods Plc (UK), Arla Foods Ingredients Group P/S (Denmark), DSM (Netherland), Ingredion (US), Tate & Lyle (UK), Ajinomoto Co., Inc. (Japan), CHR Hansen Holdings A/S. (Denmark), Kyowa Hakko Bio Co., Ltd. (Japan), Glanbia Plc (Ireland), Fonterra Co. Operative Group Limited (New Zealand), Cargill Incorporated (US), ADM (US), International Flavors & Fragrances, Inc. (US), BASF SE (Germany) and Kerry Groups (Ireland). Strategic partnerships were the dominant strategy adopted by the key players, followed by expansions and new product launches. These strategies have helped them to increase their presence in different regions and industrial segments.

 

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Nutraceutical Ingredients Market to Generate $261.7 billion

The Asia Pacific region is projected to account for the highest market share in the nutraceutical ingredients market due to the rising consumer expenditure...

Fruit and vegetable seeds market size is expected to generate a revenue of USD 14.4 billion by 2025, at a CAGR of 8.2%. The global industry was estimated to be valued at USD 9.8 billion in 2020. The growing demand for high value crops such as tropical fruits and leafy vegetables coupled with the increased demand for organic food products is expected to drive the growth of the market during the forecast period.

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With the changes in the consumption patterns of consumers towards a healthy and nutritious diet, the demand for fresh fruits and vegetables has been growing. This has led to an increase in the land area being brought under cultivation of fruits and vegetables. The growing adoption of organic food & beverages is also pushing a large number of farmers to adopt organic farming techniques, due to which the market for organic seeds has been growing. The high demand for large quantities of fresh fruits and vegetables from across the globe has led to the increased need for higher yield, as a consequence of which, there has been an increase in R&D investment toward the development of genetically-modified seeds.

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

The Solanaceae family includes potatoes, eggplant, tomato, capsicum, and chili. According to the FAO, tomatoes and potatoes account for the largest produced vegetables across the globe. Countries such as China, India, and South Korea are among the major producers of potatoes

The family of Solanaceae has an approximate of 75 genera and 2,000 species of herbs, shrubs, and small trees. Solanaceae can be produced by both seed and stem cutting. The cutting method is used to produce shrub-like plants. Tomato, botanically a fruit, is a perennial plant grown in the tropical climatic conditions. Tomatoes are prone to developing fungi, which could hamper the growth of the plant. The application of fungicide seed protectant and rotation of crops could help reduce the impact of these diseases on tomatoes.

New species of pests and diseases are now impacting the production of these products, which are staple crops across the globe. For instance, the Colorado potato beetle threatened the production of tomatoes and eggplants. The adoption of integrated pest management such as farm hygiene practices, biological controls, and selection of appropriate quantities of chemicals could help in coping with pest infestation.

Asia Pacific is the fastest-growing market during the forecast period in the global fruit & vegetable seeds market

Asia Pacific is projected to account for the largest market size during the forecast period, owing to large-scale production of major vegetables such as tomatoes, potatoes, eggplants, and melons in countries such as China, India, South Korea, and Japan, among others. These countries serve as major exporters of fruits & vegetables to North America and the European Union. The region is also a host to some of the major seed producing companies such as UPL Corporation (Advanta Seeds) (India), Takii Seeds (Japan), and Sakata Seeds (Japan). These factors aid in driving the growth of the market during the forecast period.

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This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the fruit & vegetable seeds market. It consists of the profiles of leading companies such BASF SE (Germany), Bayer AG (Germany), Syngenta Group (Switzerland), KWS SAAT SE (Germany), Corteva Agriscience (US), Sakata Seed Corporation (Japan), Groupe Limagrain (France), Takii & Co Ltd (Japan), UPL (Advanta Seeds) (India), DLF (Denmark), Mahyo (India), Longping Hitech (China), Enza Zaden (Netherlands), FMC Corporation (US), Vikima Seeds (Denmark), East-West Seeds (Thailand), RIJK ZWAAN ZAADTEELT EN ZAADHANDELBY (Netherlands), Stark Ayres (South Africa), Bejo Zaden BV (Netherlands), Tokita Sementi (Japan), Vina Seeds (Vietnam), Bioseed (India), Technisem (France), Simlaw Seeds (Kenya), and Mahindra Agri Business ( India)

 

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Fruit & Vegetable Seeds Market Size, Revenue, Challenges - 2025

Fruit & Vegetable Seeds Market categorizes the Global Market by Form (Inorganic and Organic), Trait (Conventional and Genetically Modified),Family Type (Cucurbit, Root & Bulb, Brassica, Leafy, and Other Families), Crop Type and Region.

The global Probiotics market size was valued at US$ 57.8 billion in 2022 and is projected to reach US$ 85.4 billion by 2027 at a CAGR of 8.1% from 2022 to 2027. Asia Pacific dominated the market in 2022. Probiotics are living microorganisms that have been shown to provide specific health benefits to consumers.

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The global feed market is relatively untapped and small in comparison to the functional food & beverages segment

Probiotics-based feed is relatively less commercialized than functional food & beverages in the market. This is because the human end-user market is much bigger than the animal end-user market. The animal end-user market is at a very nascent stage, and the importance of probiotics-fortified feed has just started gaining momentum in the probiotics market, which already has a big dominant presence of functional food & beverages probiotics products. However, as the awareness in the animal feed segment is on the rise, the demand for the segment is gradually rising, further pushing the players to manufacture products to cater to the interests of the gradually rising market.

How much is the probiotic industry worth?
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By ingredient, yeast is the fastest-growing segment in the probiotics market during the forecast period

As a probiotic, yeast has been actively used in applications such as food, beverages, pharmaceuticals, and industrial enzymes. According to a fermented food market analysis published by Spoonshot in July 2022, there has been a growing interest in fermented food and drinks with potential health benefits over the last few years. Yeast probiotics can reduce or replace the use of antibiotics as growth promoters, thereby reducing the incidence of Salmonella and antibiotic resistance in animals. Therefore, due to the multiple benefits offered by probiotic yeast, their demand is on a rise. The preference for fermented food is also in demand. All these factors together are estimated to have made yeast the fastest-growing segment in the probiotics market during the forecast period.

By end user, human segment dominates the probiotics market during the forecast period

The developing economies in the Asia Pacific, such as China, India, and South Korea, are largely shifting toward urbanization, and in the coming years, the demand for convenience food products is witnessed to grow explicitly. These factors have boosted the growth of probiotic products such as yogurt. Therefore, the rising trend of consuming functional food & beverages due to health consciousness makes the human segment dominate the probiotics market during the forecast period.

Europe is projected to reach USD 16.4 billion during the forecast period.

According to estimates, Europe is expected to hold a market share of 22% of the worldwide probiotics industry in 2022. The awareness and consumption of probiotics products are high in the region. The food & beverages industry is one of the largest and most important manufacturing sectors in Europe. The food market in the region is highly fragmented and consists of a large number of companies, most of which are small to medium-scale. The Europeans are health conscious and scrutinize ingredients on product labels before purchasing them. Most European countries, such as the Netherlands and Spain, have got approval from AESAN for the term probiotics on food and food supplement labels sold in the country. This has resulted in a high level of awareness, paving the way for increased demand for the consumption of probiotic products in the European region. These factors are thus expected to push the probiotics market in the region to a value of USD 16.4 billion by 2027.

The key players in this market include Danone(France), ADM (US), Probi (Sweden), and Nestle (Switzerland).

The report "Agrochemicals Market by Pesticide Type (Herbicides, Insecticides, Fungicides), Fertilizer Type (Nitrogenous, Phosphatic, and Potassic), Crop Application (Cereals & Grains, Oilseeds, Fruits & Vegetables), and Region - Global Forecast to 2025", is estimated to grow from USD 208.6 billion in 2020 and is projected to reach USD 246.1 billion by 2025, at a CAGR of 3.4% during the forecast period.
Increasing demand for food supply due to the rapid growth in the human population has triggered agricultural intensification during the last few decades. For addressing the growing food demands, agrochemicals (fertilizers and diverse pesticides) are rigorously used in agriculture, which accomplishes the gap between food production and consumption.

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Nitrogen fertilizer, by fertilizer type, is estimated to account for the largest market share during the forecast period

Nitrogen fertilizers are the most widely used fertilizers in agricultural field. Amongst all nitrogen fertilizer, urea is the most used nitrogenous fertilizer in countries across the globe because of its high N content (46%N). Hence, it is one of the most widely used dry granular sources of nitrogen. It is preferred by the fertilizer manufacturing industry since it is relatively easy to manufacture. On a ton-for-ton basis, urea contains 35% more nitrogen than ammonium nitrate. This has implications on the storage and transport of nitrogen fertilizer products. Urea is considered a relatively stable product to store and transport, and it is for this reason that the transportation of urea is considered very cost-effective in comparison to its most common alternative, ammonium nitrate. Although urea often offers farmers the most nitrogen for the lowest price on the market, special steps must be taken when applying urea to the soil to prevent the loss of nitrogen through a chemical reaction.

How much is the agrochemical industry worth?
Demand for agrochemicals market will generate a revenue of USD 246.1 billion by 2025.

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Asia Pacific is estimated to hold the largest market share during the forecast period
The Asia Pacific agrochemicals market is fragmented among multinational companies and numerous small-scale manufacturers who produce fertilizers and pesticides depending on the crops cultivated. There are more global players in the market that are trying to enter the Asia Pacific region by undertaking mergers & acquisitions or partnerships. The demand for fertilizers and pesticides has been growing in this region due to the increasing investment of overseas business lines in agricultural inputs to exclusively meet the demand of crop growers for attaining export quality.
This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the agrochemicals market. It consists of the profiles of leading companies such as Bayer (Germany), BASF (Germany), Yara International (Norway), Compass Minerals (US), and Syngenta (Switzerland), Adama Ltd (Israel), Sumitomo Chemicals (Japan), Nufarm Limited (Australia), UPL (India), K+S Group (Germany), and Israel Chemical Company (Israel).
Bayer (Germany) operates through four business segments, namely pharmaceuticals, consumer health, animal health, and crop science. The crop science division of the company has been working on introducing crop protection agrochemical products and digital solutions. The crop protection business offers a broad portfolio of highly effective herbicides, fungicides, insecticides, plant growth regulators, and seed treatment products with chemical or biological modes of action. The company provides extensive customer service to support sustainable agriculture.

 

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Agrochemicals Market worth $246.1 billion by 2025 - Exclusive Report by MarketsandMarkets™

/PRNewswire/ -- According to the new market research report "Agrochemicals Market by Pesticide Type (Herbicides, Insecticides, Fungicides), Fertilizer Type...