Deven3042

Compound Feed Market Size, Report Insights: Growth Forecast Through 2032

The global compound feed market was valued at USD 583.03 billion in 2024 and is projected to rise from USD 611.25 billion in 2025 to USD 881.18 billion by 2032, reflecting a CAGR of 5.36% during the forecast period (2025–2032). The Asia Pacific region led the global market in 2024, accounting for a 41.28% share. In addition, the U.S. compound feed market is forecasted to reach USD 141.38 billion by 2032, primarily fueled by the expansion of commercial livestock farming across the country.

The COVID-19 pandemic had a significant yet temporary effect on global demand, resulting in a short-term decline across regions. However, based on market analysis, the industry experienced year-on-year growth of 3.50% in 2020, suggesting a gradual recovery. The rise in CAGR post-2020 is attributed to the market’s return to pre-pandemic growth levels once restrictions eased.

The pandemic disrupted the livestock sector and the feed industry, particularly due to the closure of manufacturing facilities, transport restrictions, and border controls, which impeded raw material and finished product movement. Additionally, lockdowns and the closure of hotels, restaurants, and institutions (HRIs) led to a significant decline in meat, milk, and egg consumption, thereby reducing feed demand. Nonetheless, as economies reopened and food supply chains stabilized, feed production recovered steadily, driven by the renewed emphasis on food security and animal nutrition.

Information Source: https://www.fortunebusinessinsights.com/industry-reports/compound-feed-market-100525

Market Dynamics Role and Importance of Compound Feed Livestock rearing plays a vital role in supplying meat, milk, and eggs worldwide. Compound feed, a mixture derived from plant- and animal-based ingredients, ensures that farm animals receive balanced nutrition for optimal performance and productivity. Feed manufacturers continue to focus on formulating nutritionally complete and cost-efficient feed to support the physiological needs of animals while ensuring safe and profitable livestock production.

Rising animal production, increased meat and dairy consumption, and a growing focus on animal health and nutrition remain the major forces driving the market’s expansion.

Market Trends The increasing concern over the environmental footprint of the livestock sector has prompted both policymakers and producers to prioritize sustainable feed production. Consumers are also paying closer attention to feed ingredient sourcing and supply chain transparency. Farmers and manufacturers are adopting strategies to reduce environmental impact while maintaining feed efficiency and cost-effectiveness.

For instance, in December 2020, BASF partnered with Adifo Software to introduce Opteinics, a digital solution integrated with BESTMIX feed formulation software. This tool helps optimize feed formulations and supports sustainable animal protein production.

The global rise in high-protein dietary preferences is boosting the consumption of animal-based protein sources. As animal protein demand escalates, feed consumption naturally rises, making it a critical component in sustainable livestock growth and efficient animal husbandry practices.

Market Segmentation The compound feed market is categorized by animal type into cattle, swine, poultry, aquaculture, and others. By form, solid feed remains the most widely used globally due to its convenience, stability, and ease of storage, while liquid feed is primarily utilized for targeted nutritional or medicinal applications. Based on ingredients, feed cereals dominate the market, supported by their high nutritional value and essential role in livestock diets, followed by cakes and meals, animal by-products, and other feed components that contribute to balanced animal nutrition.

Regional Insights The Asia Pacific region continues to dominate the compound feed market and is expected to maintain its leadership position in the coming years. Countries such as China, India, and Indonesia are among the largest consumers, attracting global feed producers seeking growth opportunities.

North America and Europe follow closely, with these regions showing a strong inclination toward plant-based and sustainable feed ingredients, particularly in Europe, where livestock owners are adopting eco-friendly feed solutions.

In South America, corn and soybean-based feeds form the backbone of production, supported by robust animal husbandry and meat consumption trends. Meanwhile, the Middle East & Africa region is witnessing rapid growth due to the increasing demand for meat and animal-derived products, with South Africa and Turkey emerging as major contributors to regional feed consumption.

Report Coverage This market report provides an in-depth evaluation of the compound feed industry, emphasizing leading companies, product types, and ingredient sources. It also analyzes key market trends, regional growth dynamics, and recent strategic developments that have shaped the global market. Furthermore, the report highlights major factors influencing demand, including shifts in consumer dietary preferences, technological advancements in feed formulation, and the industry’s ongoing transition toward sustainable livestock production.

Key Market Players Charoen Pokphand Foods PCL (Bangkok, Thailand) New Hope Group (Chengdu, China) Cargill, Inc. (Minnesota, U.S.) Land O’ Lakes (Minnesota, U.S.) Guangdong HAID Group Co., Ltd. (Guangzhou, China) BRF S.A. (São Paulo, Brazil) Tyson Foods, Inc. (Arkansas, U.S.) Nutreco N.V. (Amersfoort, Netherlands) De Heus Animal Nutrition (Ede, Netherlands) ForFarmers N.V. (Lochem, Netherlands)

Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/compound-feed-market-100525

Recent Industry Developments July 2020: De Heus Animal Nutrition, a Netherlands-based feed producer, acquired the production facilities of Golpasz, a Polish feed manufacturer, strengthening its European footprint. December 2019: Bidco Land O’ Lakes, a joint venture between Land O’ Lakes (U.S.) and Bidco Africa, announced the expansion of its new animal feed plant in Nakuru, Kenya, to meet growing regional demand.

Crop Protection Chemicals Market Size, Share, Trends and Growth Report Through 2032

The global crop protection chemicals market was valued at USD 64.18 billion in 2024 and is anticipated to increase from USD 67.18 billion in 2025 to approximately USD 97.01 billion by 2032, reflecting a CAGR of 5.39% during 2025–2032. The United States market is expected to reach around USD 11.14 billion by 2032, fueled by the growing integration of advanced agricultural technologies and modern farming practices. In 2024, the Asia Pacific region dominated the global landscape, contributing 29.15% of the overall market share.

The outbreak of COVID-19 had a measurable yet ultimately positive influence on the market. In 2020, global demand rose by 2.50% compared to the average annual growth rate between 2017 and 2019. This surge was largely attributed to the agricultural sector’s resilience and the critical function of crop protection products in safeguarding global food security. After pandemic restrictions were lifted, the market gradually resumed its steady, long-term growth trajectory.

During the peak of the pandemic, the United Nations World Economic Situation and Prospects Report highlighted a 3.2% decline in global GDP, a contraction surpassing that of the Great Depression. Nearly 90% of industries worldwide experienced operational halts, disrupting supply chains, altering consumption habits, and increasing unemployment. The agrochemical sector also faced temporary production and transportation constraints due to border closures. Nevertheless, as governments prioritized food production and supply continuity, the crop protection industry recovered faster than many other sectors.

Information Source: https://www.fortunebusinessinsights.com/industry-reports/crop-protection-chemicals-market-100080

Market Dynamics Role of Crop Protection Chemicals Crop protection products such as herbicides, fungicides, and insecticides are essential in reducing yield losses caused by pests and diseases. As per the Royal Society of Chemistry, more than 800 active chemical ingredients are currently registered for use in global crop protection formulations. In recent years, research and development efforts have concentrated on creating eco-friendly, efficient, and safer formulations that can replace older, high-toxicity variants. Modern innovations emphasize target-specific activity, low application rates, broad-spectrum control, and compliance with stringent global regulatory standards.

Market Segmentation The global crop protection chemicals market is categorized as follows: By Type: Herbicides, Fungicides, Insecticides, and Others By Crop Type: Cereals, Fruits & Vegetables, Oilseeds & Pulses, and Others By Application: Seed Treatment, Soil Treatment, Foliar Spray, and Other Applications By Region: North America, South America, Europe, Asia Pacific, and the Middle East & Africa

Market Drivers and Challenges The increasing demand for higher crop productivity is accelerating the adoption of Integrated Pest Management (IPM) practices. IPM integrates biological control, resistant crop varieties, and precision agriculture to reduce dependency on chemical pesticides. For example, India’s Directorate of Plant Protection reported productivity gains of 40.14% in rice and 26.63% in cotton following IPM implementation.

However, while global pest-related yield losses have decreased—from 13.6% during the Green Revolution to 10.8% in the early 2000s—the rise of pesticide-resistant pest species poses an ongoing challenge. This trend underscores the need for innovative and more resilient pest control technologies.

Regional Insights The Asia Pacific region, valued at USD 16.54 billion in 2020, continues to lead the global market due to its strong agricultural base, large population, and growing emphasis on food security. Rapid urbanization, technological advancements, and the cultivation of high-value crops further drive regional growth.

In North America and Europe, there is a notable shift toward sustainable and eco-conscious agriculture, supported by strict regulatory frameworks that limit chemical pesticide use and promote bio-based crop protection solutions. This transition has encouraged manufacturers to invest in green chemistry and biological pest management innovations.

Competitive Landscape The global market is moderately consolidated, with key multinational corporations actively pursuing strategic mergers, partnerships, and product innovations. Leading companies are emphasizing sustainability, low-toxicity compounds, and precision pest management solutions to strengthen their competitive positioning.

Major Companies in the Market Include: Rotam CropSciences Ltd. (China) UPL Ltd. (India) ChemChina (China) Corteva, Inc. (United States) Syngenta AG (Switzerland) Nufarm (Australia) Sumitomo Chemical Co., Ltd. (Japan) FMC Corporation (United States) BASF SE (Germany) Bayer CropScience (Germany)

Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/crop-protection-chemicals-market-100080

Recent Developments May 2020: FMC Corporation acquired the intellectual property rights and technology for Fluindapyr, a novel fungicide, from Isagro S.p.A. for USD 60 million, strengthening its fungicide portfolio. March 2020: Corteva Agriscience entered into a collaboration with AgPlenus to co-develop next-generation herbicides, enhancing its innovation pipeline and addressing growing herbicide resistance challenges.

Annatto Market Size, and Growth Analysis Through 2032

The global annatto market was valued at USD 196.55 million in 2019 and is projected to reach USD 361.39 million by 2032, registering a CAGR of 4.71% during the forecast period. Europe emerged as the leading region, accounting for 36.02% of the global market share in 2019. Meanwhile, the U.S. annatto market is anticipated to expand notably, reaching approximately USD 74.22 million by 2032, supported by growing adoption across the food & beverage and personal care industries.

Annatto, derived from achiote seeds, is one of the oldest naturally sourced colorants used by humans. It serves as a popular natural food-grade dye and is gaining traction in both food and non-food sectors. Regulatory authorities, including the U.S. Food and Drug Administration (FDA) and the European Food Safety Authority (EFSA), have recognized annatto as a safe additive and coloring agent, further bolstering its demand.

Information Source: https://www.fortunebusinessinsights.com/industry-reports/annatto-market-101592

COVID-19 Impact The COVID-19 pandemic created multiple obstacles for the annatto market, primarily due to supply chain disruptions and factory shutdowns. Transportation limitations and higher logistics expenses negatively affected production and distribution. Furthermore, lockdowns significantly reduced demand from the foodservice sector, one of the primary consumers of colorants. However, as global supply chains recover and packaged food consumption continues to rise, the market is expected to regain steady growth momentum.

Market Trends Clean-Label Demand Fueling Market Expansion Growing consumer interest in clean-label and naturally sourced ingredients has become a key catalyst for market growth. Shoppers are increasingly favoring products that are non-GMO, minimally processed, and sustainably produced. Components like bixin are witnessing surging popularity due to their versatility and natural origin. Reflecting this shift, Europe’s annatto market rose from USD 67.3 million in 2018 to USD 70.8 million in 2019, highlighting a clear trend toward natural colorants.

Segmentation Insights Among product types, solvent-extracted and emulsified annatto hold a dominant position, particularly in dairy applications. The ingredient is classified as Generally Recognized As Safe (GRAS) and has received validation from major regulators such as the FDA, EU, and WHO. In 2019, the food industry accounted for over 71.6% of total annatto usage, with strong demand from dairy, bakery, and beverage segments. Additionally, manufacturers are reformulating their product lines using natural additives to enhance flavor, color, and visual appeal.

Regional Insights Annatto is the second most widely used natural colorant globally, trailing only caramel. Increasing demand for bixin and norbixin continues to enhance global growth opportunities.

Europe: Expected to remain the dominant regional market throughout the forecast period. North America: The U.S. leads the region, driven by growing consumer inclination toward clean-label foods. Asia Pacific: Experiencing robust growth due to rising population, urbanization, and expanding food consumption. South America: Countries such as Peru, Brazil, Ecuador, and Bolivia serve as major production centers, benefiting from high profitability and raw material availability.

Key Market Players Givaudan SA (Switzerland) Archer Daniels Midland Company (U.S.) Chr. Hansen Holding A/S (U.S.) Sensient Technologies Corporation (U.S.) Kalsec Inc. (U.S.) Dohler Group (Germany) Dairy Connection, Inc. (U.S.) IFC Solutions (U.S.) Biocon Colors (India) Aarkay Food Products Ltd. (India)

Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/annatto-market-101592

Recent Developments March 2020: Suja, a U.S.-based organic beverage producer, collaborated with Whole Foods Market to introduce a new juice line formulated with natural colorants like annatto, reflecting the ongoing surge in clean-label innovation.

A2 Milk Market Revenue, Size, Trends and Growth Report Through 2032

The global A2 milk market revenue was valued at USD 2.24 billion in 2023 and is projected to increase from USD 2.48 billion in 2024 to USD 5.91 billion by 2032, exhibiting a strong CAGR of 11.45% during the forecast period (2024–2032). Asia Pacific led the global market in 2023, accounting for 37.66% of total revenue. In the United States, the A2 milk industry is expected to expand significantly, potentially reaching USD 1.61 billion by 2032, supported by the growing accessibility of A2 beta-casein milk and an expanding retail network comprising supermarkets and hypermarkets.

A2 milk is sourced from cows that naturally produce the A2 beta-casein protein, unlike conventional milk that contains the A1 protein, which is associated with certain digestive discomforts. Rich in omega-3 fatty acids, A2 milk offers multiple nutritional benefits that support human growth and development. Rising consumer awareness about these health advantages—coupled with higher income levels and a growing preference for premium dairy alternatives—has significantly boosted market expansion worldwide.

Information Source: https://www.fortunebusinessinsights.com/a2-milk-market-103212

Report Coverage This report delivers an extensive analysis of the market size, share, volume, and revenue trends. It also incorporates Porter’s Five Forces and SWOT analyses to offer comprehensive insights into competitive and structural dynamics. Both qualitative and quantitative evaluations are supported by primary interviews and secondary sources, including white papers, industry journals, annual reports, and press releases, ensuring the accuracy of findings and validation of market assumptions.

Market Segmentation By form, the liquid A2 milk segment holds the largest market share, driven by strong consumer preference and convenience of use. Fresh A2 milk is especially favored for its higher selenium and phosphorus content compared to powdered forms, making it ideal for everyday consumption. Based on distribution channels, supermarkets and hypermarkets lead the market due to their extensive availability and convenient shopping experience. The recovery of retail activity after the pandemic is further boosting growth in this segment, while online retail, convenience stores, and other channels continue to expand their reach. Regionally, the market is categorized into Asia Pacific, North America, Europe, the Middle East & Africa, and South America.

Drivers and Restraints Key drivers of the A2 milk market include its expanding use in infant nutrition, as the product’s easy digestibility and close similarity to human breast milk have made it a preferred choice for baby food and formula manufacturers. Additionally, rising consumer health awareness and growing concerns about the potential effects of traditional milk, along with increasing lactose intolerance cases, are further propelling market growth. However, a major restraint lies in the high cost of maintaining A2-producing cow breeds, which require specialized care and management—factors that can limit large-scale production and create pricing challenges, particularly in emerging economies.

Regional Insights Asia Pacific remains the largest regional market for A2 milk, supported by the high concentration of A2 cattle breeds and strong dairy consumption across key countries such as India, Australia, China, and Japan. Valued at USD 709.12 million in 2021, the region continues to expand as major retailers and e-commerce platforms increase their A2 milk offerings. Europe is projected to witness significant growth, driven by the presence of leading dairy producers in Germany, France, and the United Kingdom, along with the incorporation of A2 milk into bakery, dessert, and confectionery products. Growing R&D efforts further strengthen the region’s outlook. Meanwhile, North America is experiencing steady progress, fueled by product innovation, improved distribution networks, and rising consumer acceptance in the U.S., Canada, and Mexico.

Competitive Landscape Strategic Developments and Market Positioning The global A2 milk industry is characterized by continuous innovation, strategic investments, and product diversification. Key players are emphasizing mergers and acquisitions, new product launches, and technological advancements to strengthen their competitiveness and market presence.

Notable Players Include: The A2 Milk Company (New Zealand) Godrej Jersey (India) Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF) (India) PROVILAC Dairy Farms Pvt. Ltd. (India) Freedom Foods Group (Australia) Vinamilk (Vietnam) Erden Creamery Private Limited (India) Nestlé S.A. (Switzerland) Vedaaz Organics Pvt. Ltd. (India) Ripley Farms (U.S.)

Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/a2-milk-market-103212

Key Industry Development June 2020 – Heritage Foods launched its A2 milk range with an extended 90-day shelf life, aiming to broaden its product portfolio and cater to growing demand for premium milk alternatives.

Vegan Yogurts Market Revenue, Size, and Growth Forecast to 2032

The global vegan yogurt market revenue was valued at USD 3.10 billion in 2023 and is projected to expand from USD 3.70 billion in 2024 to USD 16.76 billion by 2032, growing at a remarkable CAGR of 20.75% during 2024–2032. Asia Pacific led the global market in 2023, accounting for 46.13% of total revenue. In the United States, the vegan yogurt market is expected to witness strong growth, reaching an estimated USD 3.31 billion by 2032, driven by the expanding acceptance of vegan lifestyles and the introduction of innovative flavors and product varieties.

The vegan yogurt industry is experiencing rapid expansion due to the global rise in veganism and increasing demand for plant-based dairy alternatives. The market’s growth is primarily supported by heightened environmental awareness, health consciousness, and the recognized benefits of plant-based proteins. Furthermore, a surge in lactose-intolerant consumers—particularly across Europe and Asia—along with greater spending on plant-derived products like hemp milk and flax seed yogurt, has amplified demand.

Consumer preferences have evolved substantially in recent years, with an increasing shift toward plant-centric diets. This has motivated manufacturers to diversify their portfolios with more innovative, nutrient-rich, and flavorful options. In addition to their health benefits, vegan yogurts are praised for their smooth texture and mild taste, which have helped improve consumer acceptance and market penetration.

During the COVID-19 pandemic, consumer behavior shifted notably toward safer and immunity-supporting food options. This change greatly benefited the vegan yogurt industry, as health-conscious consumers sought clean-label, wholesome, and sustainable food products. Consequently, the market witnessed stronger-than-expected growth across all major regions during the pandemic.

Information Source: https://www.fortunebusinessinsights.com/vegan-yogurts-market-102292

Market Segmentation By source, the almond segment is projected to dominate the market due to its superior nutritional profile, being rich in healthy fats, vitamins, and minerals. Other key sources include soy, oats, and various plant-based alternatives that continue to gain popularity. Based on distribution channels, supermarkets and hypermarkets lead the market, offering consumers convenience and a wide range of product choices, while convenience stores, online retail platforms, and other outlets also contribute to overall sales growth. Geographically, the market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa, each exhibiting distinct consumption trends and growth dynamics.

Report Coverage The report provides in-depth insights into the market segmentation, current trends, growth drivers, and challenges influencing market expansion. It also analyzes regional dynamics, the impact of COVID-19, and the strategic developments of leading companies operating in the global vegan yogurt market.

Drivers and Restraints Rising product innovation and flavor diversification are major drivers of the plant-based yogurt market, as consumers increasingly seek variety and health-focused options. For example, in October 2020, Soyarich Foods introduced its “Yofu” plant-based yogurt range in apple cinnamon, cherry, and mango flavors, featuring real fruit pulp and no artificial colors or preservatives. Additionally, the growing prevalence of lactose intolerance and the expanding vegan population are significantly boosting demand for dairy alternatives. However, the market faces restraints such as high production costs and quality inconsistencies, which may limit broader adoption, especially in developing economies.

Regional Insights Asia Pacific leads the global vegan yogurt market, supported by its vast population base, rising disposable incomes, and growing awareness of lactose intolerance. The region was valued at USD 963.05 million in 2021 and is projected to maintain a dominant global share in the coming years. In North America, market growth is driven by increasing awareness of dairy-free alternatives and a strong vegan movement. Meanwhile, Europe’s market continues to expand due to heightened consumer focus on sustainability, eco-friendly choices, and innovative food offerings, ensuring the region’s steady contribution to global revenue.

Competitive Landscape Major Companies and Strategies Leading market participants focus on product innovation, mergers and acquisitions, and strategic partnerships to strengthen their market positions. For instance, in March 2022, AYO introduced a new almond milk yogurt line featuring several flavors suitable for desserts, dips, and smoothies, enhancing its brand appeal globally.

In addition, companies are increasingly investing in R&D, sustainable packaging, and automation to improve operational efficiency and meet evolving consumer expectations.

Key Players Profiled Danone S.A. (France) General Mills Inc. (U.S.) Oatly A.B. (Sweden) Forager Project (U.S.) Coyo Pty Ltd (U.S.) Nancy’s Probiotic Foods (U.S.) Chobani Global Holdings (U.S.) Kite Hill (U.S.) Daiya Foods Inc. (Canada) GT’s Living Foods LLC (U.S.)

Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/vegan-yogurts-market-102292

Key Industry Development June 2022: So Delicious launched a range of coconut milk-based yogurts infused with botanical extracts, including flavors such as mango with ginger and turmeric, mixed berry with chamomile, and elderberry. Each variety contains organic coconut and live probiotics to promote gut health.

Essential Oils Market Revenue, Size, Industry Growth, and Forecast by 2032

The global essential oils market revenue was valued at USD 12.47 billion in 2024 and is projected to grow from USD 13.66 billion in 2025 to USD 27.82 billion by 2032, registering a strong CAGR of 10.69% during the forecast period. In 2024, Europe accounted for the largest market share, representing 43.46% of the global total.

Essential oils are concentrated, plant-derived hydrophobic liquids containing volatile aromatic compounds. Their demand continues to rise globally, driven by the increasing preference for natural and organic products, particularly in food preservation, personal care, and sensory applications. This shift reflects a broader consumer trend toward eco-friendly and sustainable alternatives.

The COVID-19 pandemic further accelerated market growth as consumers increasingly used essential oils for their perceived health, relaxation, and immunity-enhancing benefits. Oils such as tea tree, peppermint, and eucalyptus became especially popular for their calming properties and potential antibacterial and antiviral effects, boosting sales in the aromatherapy segment.

Information Source: https://www.fortunebusinessinsights.com/industry-reports/essential-oils-market-101063

Market Segmentation By Product Type: Citrus oils hold a dominant position in the global market due to their wide availability, pleasant aroma, and versatile applications. Their functional benefits make them essential across industries, particularly in food and beverages, where they are used for flavoring, preservation, and stability enhancement.

By Distribution Channel: Direct sales lead the distribution landscape, as consumers often prefer to assess the fragrance and quality of essential oils in person before purchase—especially for wellness and personal care products. This personalized buying approach enhances brand trust and customer loyalty.

Key Highlights of the Report Comprehensive assessment of growth drivers, challenges, and market opportunities Insights into regional developments and emerging trends Company profiles of major players worldwide Analysis of strategic initiatives, including partnerships, mergers, and product launches

Market Dynamics Growing awareness regarding the harmful effects of synthetic additives has fueled a global shift toward natural alternatives such as essential oils, valued for their antimicrobial and preservative capabilities. These oils are increasingly utilized in meat, dairy, and cereal-based food products. However, the high cost of production remains a major restraint. The extraction process is resource-intensive—for instance, producing one pound of lavender oil requires approximately 250 pounds of lavender flowers—posing challenges in price-sensitive markets.

Regional Insights Europe remains the leading regional market, supported by its robust cosmetics sector and growing interest in aromatherapy, particularly across Germany, France, and the United Kingdom. North America follows as the second-largest market, showing steady growth driven by the rising popularity of natural health and wellness products among consumers.

Leading Market Participants Biolandes SAS (France) Givaudan International SA (Switzerland) International Flavors and Fragrances Inc. (U.S.) Symrise AG (Germany) Enio Bonchev Production Ltd. (Bulgaria) The Lebermuth Company, Inc. (U.S.) Essential Oils of New Zealand (New Zealand) Phoenix Aromas & Essential Oils LLC (U.S.) Sydney Essential Oil Co. (Australia) Young Living Essential Oils (U.S.)

Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/essential-oils-market-101063

Competitive Landscape The global essential oils market is moderately fragmented, with competition among both multinational corporations and regional producers. Leading companies are actively engaging in mergers, acquisitions, and strategic alliances to broaden their product portfolios, strengthen their global presence, and enhance market competitiveness.

Shrimp Market Size and Growth Forecast Overview Through 2032

The global shrimp market was valued at USD 40.35 billion in 2023 and is projected to expand from USD 42.90 billion in 2024 to USD 74.24 billion by 2032, reflecting a CAGR of 7.09% during the forecast period (2024–2032). The Asia Pacific region dominated the market with a 38.22% share in 2023. In the United States, the shrimp market is forecasted to reach approximately USD 12.10 billion by 2032, supported by the growing preference for seafood as a high-protein food source and the rising popularity of flexitarian diets.

Impact of COVID-19 The COVID-19 pandemic had a notable negative effect on the shrimp industry, with demand declining across global markets. The market witnessed a 16.46% contraction in 2020 compared to the average growth observed between 2017 and 2019. However, as economies recover and global supply chains stabilize, the market’s CAGR is expected to normalize, returning to pre-pandemic growth levels in the following years.

Despite short-term disruptions, the seafood sector has experienced steady innovation, with technological advancements, new entrants in commercial aquaculture, and sustainability initiatives reshaping industry dynamics. These developments are anticipated to open lucrative opportunities for both shrimp farming and distribution over the next decade.

Information Source: https://www.fortunebusinessinsights.com/shrimp-market-106303

Regional Production Insights The Asia Pacific region remains the largest producer of shrimp globally. However, production delays in 2020—particularly in decapod crustaceans—were observed due to lockdowns and logistical challenges. Nations such as China, Vietnam, India, and Thailand faced a temporary slowdown in aquaculture activities. In India, for example, pond seeding—typically carried out in March–April—was postponed until May–June, pushing harvests to August–September.

While the pandemic affected short-term output, regional production has since rebounded, supported by favorable climatic conditions, advancements in aquaculture technology, and growing export demand.

Market Dynamics & Market Drivers Growing Adoption of Flexitarian and Pescatarian Diets An increasing number of consumers worldwide are shifting toward flexitarian and pescatarian eating habits, emphasizing sustainable protein sources such as seafood. Flexitarian consumers primarily follow plant-based diets but incorporate seafood like shrimp for its nutritional diversity and high protein content. For instance, Asia Pacific’s shrimp market revenue increased from USD 14.46 billion in 2022 to USD 15.42 billion in 2023, reflecting the growing preference for health-oriented diets.

Market Restraints Impact of Global Trade Tensions International trade conflicts, particularly among major economies such as the U.S., China, and Russia, have created volatility in seafood exports. In 2019, China imposed retaliatory tariffs on approximately USD 110 billion worth of U.S. imports, with rates between 10% and 25%, which directly affected the profitability and export volume of shrimp producers.

Market Segmentation By Type: White Shrimp, Pink Shrimp, Brown Shrimp, and Others (White shrimp dominates due to its high availability and widespread consumption.) By Form: Frozen Shrimp and Others (Frozen shrimp leads the category, supported by growing demand through supermarkets, hypermarkets, and online platforms.) By End-User: Commercial and Residential (The commercial segment holds the largest share owing to rising seafood consumption in restaurants, hotels, and foodservice outlets.) By Distribution Channel: Supermarkets & Hypermarkets, Specialty Stores, Online Retail, and Others (The market is witnessing a transition from traditional retail to e-commerce, though specialty stores continue to be significant.)

Regional Insights The global aquaculture industry has expanded significantly in recent years, offering a sustainable solution to meet rising global protein needs while reducing pressure on wild fisheries. Within this landscape, shrimp farming has become a major growth driver, generating billions of dollars in annual revenue.

Asia Pacific recorded a market value of USD 10.74 billion in 2020 and is expected to maintain leadership, supported by advanced aquaculture systems, favorable environmental conditions, and rising seafood consumption. North America is projected to experience consistent growth, driven by demand for brown shrimp and large decapod species, along with a surge in sustainable seafood adoption. Europe will continue to expand moderately, with steady consumer demand despite competition from other seafood categories. South America, led by Ecuador, is emerging as a major shrimp production and export hub, offering competitive advantages in global trade.

COVID-19’s Regional Impact Although Asia Pacific maintained its production dominance, pandemic-related disruptions caused a three-month delay in shrimp harvesting during 2020. Countries like China, Vietnam, India, and Thailand faced logistical setbacks and reduced demand. In India, specifically, the pond seeding cycle shifted from March–April to May–June, leading to delayed harvests in August–September. Recovery efforts and resumed aquaculture operations have since stabilized production levels.

Competitive Landscape Leading market players are investing in technological upgrades, strategic partnerships, and capacity expansions to improve production efficiency and cater to growing consumer demand.

Key Companies in the Shrimp Market Include: Aqua Star Corp. (U.S.) Avanti Feeds Ltd. (India) Clearwater Seafoods Inc. (Canada) High Liner Foods Inc. (Canada) Marine Harvest (Norway) Maruha Nichiro Corporation (Japan) Nippon Suisan Kaisha (Japan) Nordic Seafoods A/S (Denmark) Surapon Foods (Thailand) Thai Union Group (Thailand)

Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/shrimp-market-106303

Recent Industry Development March 2024: Laitram Machinery acquired Martak’s shrimp peeling business, enhancing its processing capacity for cold-water shrimp and improving operational efficiency.

Report Coverage This report provides a comprehensive analysis of the global shrimp industry, including key trends, product categories, and application segments. It examines technological advancements, competitive developments, and strategic initiatives that are shaping market performance. The study offers valuable insights for industry stakeholders, investors, and policymakers aiming to assess growth potential and emerging opportunities in the global shrimp market.

Pea Protein Market Size, Industry Growth, and Forecast by 2032

The global pea protein market was valued at USD 580.61 million in 2023 and is projected to rise from USD 649.36 million in 2024 to USD 1,644.67 million by 2032, registering a CAGR of 12.32% during 2024–2032. North America held the largest share of 36.33% in 2023, maintaining its dominance in the global market.

In particular, the U.S. pea protein market is expected to expand significantly, reaching approximately USD 396.14 million by 2032. This growth is primarily fueled by increasing consumer preference for plant-based, high-protein ingredients incorporated into energy bars, snacks, protein shakes, and other functional foods.

Pea, a leguminous crop, contains seeds rich in protein (20–30%), primarily composed of globulins, which are the core components in Pea Protein Isolate (PPI) formulations. Pea protein is produced using wet-milling and dry-milling technologies, yielding protein concentrations between 48% and 90%. PPI and pea protein concentrates offer several functional benefits, including oil and water-binding capacity, foam stability, emulsion formation, whip ability, and gelatinization properties, making them valuable ingredients across the food and beverage, bakery, and nutraceutical industries.

Information Source: https://www.fortunebusinessinsights.com/pea-protein-market-106053

Impact of COVID-19 The COVID-19 pandemic disrupted global manufacturing and supply chains due to widespread lockdowns across major economies, hampering production and transportation activities. However, the food & beverage and pharmaceutical sectors demonstrated strong resilience. During this period, global demand for nutritional supplements and health-oriented food products increased sharply as consumers focused more on immune health and well-being.

Market Segmentation The pea protein market is segmented as follows: By Type: Isolates, Concentrates, and Textured Pea Protein By Application: Meat Alternatives, Bakery Products, Supplements, Beverages, and Others By Region: North America, Europe, Asia Pacific, South America, and the Middle East & Africa These segments reflect distinct usage trends and consumer preferences across regions, influenced by dietary habits, protein intake awareness, and industrial adoption.

Key Market Highlights This report provides an in-depth evaluation of market drivers, challenges, and emerging opportunities, along with an analysis of mergers, acquisitions, partnerships, and product launches that have shaped the competitive landscape in the post-pandemic period.

Market Drivers and Challenges Rising consumer awareness of protein-rich diets that promote immune health and overall wellness is a major growth factor for the pea protein industry. Europe has emerged as a key growth region, supported by a growing vegan and vegetarian population seeking sustainable and natural protein sources. Pea protein’s versatile functional characteristics—including texture enhancement, emulsification, and stability—make it ideal for use in various food applications. However, a few challenges persist, as certain consumers report digestive discomfort after consuming pea protein, potentially limiting widespread adoption in some regions.

Regional Insights North America continues to lead the market, driven by robust demand for protein-enriched cereals, snacks, and health foods, coupled with strong innovation pipelines and the presence of established industry players. Meanwhile, Europe is witnessing rapid expansion due to rising veganism, vegetarianism, and plant-based awareness, especially in regions with a high concentration of health-conscious consumers. The Asia Pacific region is also showing promising growth potential, supported by expanding middle-class populations, rising disposable incomes, and a gradual shift toward plant-based nutrition.

Competitive Landscape Major market participants are focusing on strategic alliances, product diversification, and acquisitions to strengthen their global footprint and meet evolving dietary trends.

Leading Companies in the Pea Protein Market: Roquette Frères (France) Burcon Nutrascience Corp (Canada) The Scoular Company (U.S.) DuPont (U.S.) Cosucra Groupe Warcoing (Belgium) Nutri-Pea Limited (Canada) Shandong Jianyuan Group (China) Kerry Inc. (Ireland) Sotexpro SA (France) Puris Protein LLC (U.S.)

Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/pea-protein-market-106053

Recent Developments March 2020: Burcon Nutrascience Corp received a “Letter of No Objection” from the U.S. FDA for its pea protein products Peazazz and Peazac, allowing their incorporation into a broad range of food and beverage applications worldwide.

Food Colors Market Size and Growth Forecast Overview Through 2032

The global food colors market was valued at USD 2.55 billion in 2018 and is anticipated to reach USD 7.58 billion by 2032, reflecting a CAGR of 8.11% during the forecast period. North America led the market in 2018, holding a 26.19% share. In particular, the U.S. food colors market is expected to witness strong growth, reaching around USD 1.54 billion by 2032. This growth is driven by rising consumer interest in visually appealing foods, the growing adoption of natural colorants, and increasing usage across the processed and packaged food sectors.

The market’s expansion is also fueled by the extensive application of food colors in soft drink production and the consistent demand for processed foods and carbonated beverages, both of which significantly contribute to global growth.

Information Source: https://www.fortunebusinessinsights.com/food-colors-market-102644

Key Market Drivers The shift toward natural and clean-label ingredients is a major factor propelling market growth. Health-conscious consumers are increasingly favoring plant-based pigments over synthetic colorants, particularly in confectionery, snacks, and beverages, where natural colors enhance both product appeal and consumer trust. As a result, manufacturers are focusing on innovative and health-friendly coloring solutions, leading to a gradual decline in artificial additive usage. In addition, the rapid expansion of the food and beverage industry in emerging economies has opened new avenues for suppliers offering both natural and synthetic coloring solutions.

Competitive Landscape Symrise AG, a global leader in flavors and fragrances, strengthened its footprint in the Asia-Pacific region with the launch of its Flavor Innovation and Technology Center in Singapore. Backed by an investment of €30 million, this facility aims to foster innovation in food and nutrition while expanding regional manufacturing capabilities.

According to CEO Dr. Heinz-Jürgen Bertram, Asia is positioned as a pivotal hub for food innovation, with Singapore offering an ideal mix of technical expertise, business-friendly infrastructure, and nutritional science leadership. This strategic expansion is expected to drive collaborative product development and innovation across the global food industry.

Overall, the market continues to evolve in response to consumer demand for natural, clean-label, and visually distinctive food products.

Regional Insights North America, valued at USD 667.77 million in 2018, is expected to maintain steady growth over the forecast period. The region benefits from stringent regulations on artificial additives, a high level of health awareness among consumers, and a strong base of food production. Furthermore, the large-scale consumption of carbonated beverages, which rely on both natural and synthetic colorants, continues to strengthen its market presence.

In contrast, the Asia-Pacific region is projected to record the fastest growth rate, supported by rising disposable incomes, a growing working-class population, and the increasing demand for ready-to-eat and convenience foods in countries such as China and India. These factors are creating significant opportunities for food color manufacturers to expand their portfolios and operations.

Key Market Players Döhler Group Archer Daniels Midland Co. Symrise AG Ingredion Incorporated Sensient Technologies Kalsec, Inc. DDW, Inc.

Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/food-colors-market-102644

Recent Industry Developments July 2021: GNT Group introduced EXBERRY Coloring Foods, derived from turmeric and spirulina, providing cost-effective and clean-label green coloring solutions. June 2021: Chr. Hansen Natural Colors, now operating under the name Oterra, finalized the acquisition of Symrise AG’s natural food coloring division, further expanding its range of natural color products.

Vitamin and Mineral Premixes Market Size, and Growth Forecast Through 2032

The global vitamins and minerals premix market was valued at USD 2,752.61 million in 2024 and is expected to increase from USD 2,940.98 million in 2025 to USD 4,961.14 million by 2032, reflecting a CAGR of 7.76% during the forecast period (2025–2032). In 2024, Asia Pacific held the dominant position in the market, accounting for 37.09% of the total share.

Vitamins and minerals premixes are specialized blends of essential nutrients, including trace elements, vitamins, minerals, and other nutritional additives, formulated for use in food, beverage, and feed industries. These premixes are increasingly used to enhance the nutritional value of consumer products and animal feed.

The rising global preference for protein-enriched, nutrient-dense foods, along with higher disposable incomes and growing awareness of preventive health, has accelerated the adoption of premix solutions. Furthermore, innovation by major companies such as Koninklijke DSM N.V., Corbion N.V., Vitablend Nederland BV, Hexagon Nutrition Ltd., and Barentz International BV continues to support market expansion and product diversification.

Information Source: https://www.fortunebusinessinsights.com/vitamin-and-mineral-premixes-market-112592

Market Trends Growing Demand for Functional and Fortified Foods The global shift toward functional and fortified food products has significantly increased the utilization of premixes in various food categories. Expanding segments such as sports nutrition, dietary supplements, and wellness-oriented foods are gaining momentum as consumers increasingly seek convenient solutions that promote overall health and vitality.

Market Dynamics The market is primarily driven by the growing use of premixes in animal feed formulations to enhance livestock health and productivity, along with increasing demand from food and beverage manufacturers for customized micronutrient blends designed for specific product types and consumer segments. However, the industry faces challenges due to strict global regulatory frameworks related to product quality, nutritional safety, and Good Manufacturing Practice (GMP) compliance, which can slow down new product launches. Meanwhile, rising consumer preference for plant-based and vegan diets is creating new opportunities for plant-derived vitamin and mineral premixes, aligning with the demand for clean-label and sustainable nutritional solutions.

Segmentation Insights By Nutrient Type: The vitamins segment dominates the market, supported by growing demand for fortified foods and dietary supplements that promote immune health and well-being. By Form: Dry premixes lead the market due to their extended shelf life, ease of handling, and lower transportation costs, making them ideal for industrial-scale production. By Application: The food and beverage industry represents the largest application area, driven by strong consumer interest in nutrient-enriched and functional products that support a balanced lifestyle.

Regional Insights The vitamins and minerals premix market spans North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Asia Pacific remained the largest regional market in 2024, supported by a rapidly growing health-conscious population, expanding food fortification programs, and robust manufacturing capabilities. North America and Europe are witnessing consistent demand for functional foods, fortified drinks, and animal nutrition products, driven by strict nutritional regulations and advanced production infrastructures that ensure high product quality and innovation.

Competitive Landscape The global market is moderately consolidated, with both international and regional players competing through product innovation, mergers and acquisitions, capacity expansion, and strategic collaborations. Key companies are investing in R&D to develop advanced, customized premix formulations that meet the evolving needs of food, beverage, and feed manufacturers.

Key Market Participants Include: Koninklijke DSM N.V. (Netherlands) Corbion N.V. (Netherlands) Vitablend Nederland BV (Netherlands) Hexagon Nutrition Ltd. (India) Barentz International BV (Netherlands) SternVitamin GmbH & Co. KG (Germany) Nutreco N.V. (Netherlands) Farbest-Tallman Foods Corporation (United States) Zagro Singapore Pte Ltd (Singapore) Wright Enrichment Inc. (United States)

Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/vitamin-and-mineral-premixes-market-112592

Recent Industry Development December 2024: MIAVIT GmbH (Germany) opened a new production facility in Kemalpaşa, İzmir, Türkiye, to strengthen its presence in the animal nutrition sector and expand its reach within the global premix market.