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Agricultural Biologicals Market Size, Share, Growth and Through 2032

The global agricultural biologicals market was valued at USD 15.29 billion in 2024 and is projected to increase from USD 17.42 billion in 2025 to USD 44.70 billion by 2032, reflecting a CAGR of 14.41% during the forecast period. North America led the global market with a 31.46% share in 2024, owing to strong adoption of sustainable farming inputs and advanced agricultural technologies. In the United States, the market is anticipated to reach approximately USD 10.09 billion by 2032, primarily driven by the rising prevalence of plant diseases, growing awareness of bio-based crop protection, and an increase in product registrations and regulatory approvals for agricultural biologicals.

The excessive use of synthetic crop protection chemicals has led to soil degradation and environmental harm, creating a strong case for biological alternatives. Agricultural biologicals—comprising biopesticides, biofertilizers, and biostimulants—serve as sustainable solutions that can be used alone or alongside synthetic agents. Their expanding applications in both pre-harvest and post-harvest crop management are expected to propel market growth over the next several years.

Moreover, product innovation, marketing advancements, and the development of last-mile distribution systems are expected to strengthen commercialization and accessibility. Manufacturers are focusing on new formulations and delivery mechanisms to improve product efficacy and extend shelf life.

The COVID-19 pandemic disrupted agricultural supply chains globally, halting manufacturing operations and reducing international trade. According to the U.S. Department of Agriculture (USDA), the country’s agri-export value fell by 3.5% in the first seven months of 2020 compared to 2019. Several key players reported revenue losses—for instance, BASF SE recorded a 12% decline in sales during the second quarter of 2020, primarily due to trade restrictions and currency volatility.

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Market Dynamics The growing emphasis on environmental sustainability and increasing awareness of the harmful effects of excessive chemical use are driving the adoption of biological crop protection methods. Agricultural biologicals offer versatility, as they can be applied independently or alongside synthetic chemicals, providing farmers with greater flexibility. Additionally, improvements in marketing strategies, distribution channels, and last-mile logistics are boosting their acceptance in key agricultural markets. The integration of biologicals into Integrated Pest Management (IPM) programs further strengthens their role in promoting sustainable farming. However, the lack of standardized international regulations leads to regional disparities in approval processes, while shorter shelf life and higher production costs compared to synthetic alternatives continue to hinder large-scale adoption in price-sensitive regions.

Segmentation Overview The agricultural biologicals market is categorized based on type, source, application, crop type, and region. In 2023, biopesticides dominated the market, driven by the increasing preference for natural crop protection solutions that improve yield quality while minimizing chemical residues. Microbials accounted for the largest share by source, owing to their effectiveness in controlling plant diseases and enhancing soil health through naturally beneficial organisms. Among applications, foliar sprays emerged as the most widely used method, offering ease of use, rapid nutrient absorption, and compatibility with both organic and conventional farming practices. By crop type, row crops led the market, supported by the rising consumer inclination toward organic and minimally processed foods that promote health and sustainability.

Regional Insights North America remains the leading region in the global agricultural biologicals market, driven by extensive cultivation of crops such as soybeans, wheat, and cotton, along with the growing use of biological solutions for pest and disease control. Strong governmental backing for sustainable farming practices and continuous advancements in crop protection research further strengthen the region’s dominance. In Europe, market growth is accelerating due to rising prices of synthetic fertilizers and strong policy initiatives promoting eco-friendly agricultural inputs. The European Union’s Farm to Fork Strategy and Green Deal have created a supportive regulatory framework for biological products. Meanwhile, the Asia Pacific region presents significant growth opportunities, supported by the rapid expansion of organic farming in India, China, and Australia, while countries across the Middle East and Africa are gradually embracing biological solutions as awareness about soil conservation and water-efficient agriculture continues to rise.

Competitive Landscape The global agricultural biologicals market is moderately consolidated, featuring a combination of multinational corporations and emerging biotechnology firms. Companies are emphasizing R&D investments, strategic alliances, and portfolio diversification to enhance their competitiveness. Innovation in formulation technologies, microbial strains, and bioactive compounds remains central to achieving sustainable market growth.

Key Companies in the Market Bayer AG (Germany) BASF SE (Germany) Syngenta AG (Switzerland) UPL Limited (India) Marrone Bio Innovations (U.S.) SEIPASA S.A. (Spain) Koppert Biological Systems (Netherlands) PI Industries (India) Novozymes A/S (Denmark) Gowan Group (U.S.)

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Recent Developments August 2022: Chambal Fertilizers and Chemicals Limited (CFCL) launched UTTAM SUPERRHIZA, a next-generation biofertilizer based on Mycorrhiza technology. The product utilizes native microorganisms to improve plant nutrient uptake, root development, and overall soil health, demonstrating the industry’s move toward microbial efficiency and advanced biological integration in crop management.

Biofertilizers Market Size, Share, Growth Analysis and Forecast to 2032

The global biofertilizers market was valued at USD 2.53 billion in 2024 and is projected to expand from USD 2.83 billion in 2025 to USD 6.34 billion by 2032, registering a CAGR of 12.21% during the forecast period (2025–2032). North America held the leading position in the global market, accounting for 30.83% of the share in 2024. The U.S. biofertilizers market is expected to witness remarkable growth, reaching an estimated USD 1.28 billion by 2032, driven by the increasing number of organic farms, coupled with government initiatives promoting sustainable agricultural practices and eco-friendly farming inputs.

Biofertilizers—often referred to as bioinoculants—are natural formulations containing living microorganisms that enhance nutrient availability to plants by colonizing the rhizosphere. Key microbes used in biofertilizer production include cyanobacteria, nitrogen-fixing bacteria, phosphate-solubilizing bacteria, and beneficial fungi. These organisms accelerate soil microbial processes, making nutrients more bioavailable and improving crop productivity and soil fertility, while also providing natural protection against pests and plant diseases.

A notable advantage of biofertilizers is their long-term effectiveness—once established, they continue to multiply naturally, reducing the need for frequent reapplication after 3–4 years. Additionally, their low production and application costs make them a cost-efficient alternative to synthetic fertilizers. Since they are produced using natural materials, they are not only environmentally friendly but also help lower the overall cost of crop cultivation, offering significant benefits to both farmers and horticultural producers.

However, the COVID-19 pandemic temporarily disrupted the biofertilizer industry due to difficulties in sourcing raw materials and logistical constraints, affecting manufacturing and distribution channels across the agricultural supply chain.

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Report Scope This report provides an in-depth examination of the biofertilizers market landscape, exploring critical aspects such as market drivers, restraints, technological developments, and emerging opportunities. It also highlights strategic alliances, product innovations, and competitive initiatives by leading market participants to strengthen their market positions globally.

Market Dynamics The excessive use of chemical fertilizers such as calcium nitrate and monoammonium phosphate has led to soil degradation and nutrient imbalance, driving the demand for eco-friendly alternatives like biofertilizers. These natural fertilizers enhance soil health, boost nutrient uptake, and support sustainable plant growth, aligning with the global focus on environmentally friendly farming practices. Moreover, government initiatives, awareness programs, and research funding are fostering the adoption of biofertilizers. However, challenges such as high production costs, limited crop-specific effectiveness, and shorter shelf life compared to synthetic fertilizers persist. Additionally, a lack of awareness among farmers in developing regions can hinder market growth, though expanding distribution networks and farmer education programs are expected to mitigate these issues in the coming years.

Market Segmentation Cereal Crops Hold the Largest Share In 2024, cereal crops represented 43.74% of total biofertilizer demand. The dominance of this segment is linked to the rising popularity of organic cereals, the growing health-conscious consumer base, and their widespread integration into organic and regenerative farming systems.

Regional Insights North America and Europe – Market Leaders North America and Europe remain the primary markets for biofertilizers due to their strong regulatory support for organic farming and sustainable agriculture. In 2019, North America generated approximately USD 470.83 million in revenue. According to the USDA, the number of certified organic farms and businesses in the region grew by 13% between 2015 and 2016, reflecting a consistent rise in adoption. Meanwhile, South America—particularly Brazil and Argentina—is witnessing notable growth, supported by government incentives promoting environmentally sustainable farming techniques.

Competitive Landscape Leading companies in the biofertilizer industry are focusing on innovation, diversification, and global partnerships to strengthen their market presence. Collaborations and joint ventures are playing a vital role in expanding product reach, improving distribution efficiency, and enhancing competitive positioning across key agricultural regions.

Key Market Players Monsanto BioAG (U.S.) Rizobacter Argentina S.A. (Argentina) Novozymes A/S (Denmark) Symborg (U.S.) Agrinos AS (Norway) Agri Life (India) Camson Bio Technologies Ltd. (India) Gujarat State Fertilizers & Chemicals Ltd. (India) BioWorks Inc. (U.S.) Lallemand Inc. (Canada)

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Recent Developments June 2019: Bayer AG (Germany) and Novozymes A/S (Denmark) renewed their strategic partnership to advance innovative biological agricultural solutions. Additionally, Novozymes expanded its global footprint by collaborating with Univar Solutions (U.S.) and UPL (India) to strengthen the availability of bio-based agricultural inputs across international markets.

Shrimp Market Size, Share, Growth Analysis and Forecast to 2032

The global shrimp market was valued at USD 40.35 billion in 2023 and is projected to grow from USD 42.90 billion in 2024 to USD 74.24 billion by 2032, registering a CAGR of 7.09% during the forecast period (2024–2032). The Asia Pacific region dominated the global market in 2023, accounting for 38.22% of total revenue. In the United States, the shrimp market is expected to reach around USD 12.10 billion by 2032, supported by increasing consumer demand for protein-rich seafood and the growing popularity of flexitarian diets.

The COVID-19 pandemic had a substantial adverse impact on the global shrimp industry, leading to a notable drop in demand across key markets. The industry experienced a 16.46% decline in 2020 compared with the average annual growth rate recorded between 2017 and 2019. However, as economies reopened and supply chains stabilized, market performance began to recover, setting the stage for a return to pre-pandemic growth levels.

Despite temporary disruptions, the seafood industry demonstrated resilience through innovation and technological advancement. Emerging players in commercial aquaculture, coupled with increasing sustainability initiatives, have reshaped the competitive landscape—unlocking significant opportunities for shrimp farming and distribution in the coming decade.

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Regional Production Insights The Asia Pacific region remains the world’s largest shrimp producer. However, 2020 saw production delays, especially in decapod crustaceans, due to lockdown measures and supply chain disruptions. Key producing countries such as China, Vietnam, India, and Thailand faced temporary slowdowns in aquaculture activities. For instance, in India, the pond seeding season, usually conducted between March and April, was postponed until May–June, resulting in delayed harvests around August–September. Although these factors impacted short-term production, regional output has since rebounded, driven by favorable climatic conditions, technological upgrades in aquaculture, and rising global export demand.

Market Dynamics Growing Popularity of Flexitarian and Pescatarian Diets The growing preference for flexitarian and pescatarian diets has emerged as a major driver for shrimp consumption. Consumers are increasingly choosing seafood as a sustainable and nutrient-dense protein source. Flexitarian eaters—who primarily consume plant-based meals but include seafood for dietary balance—are contributing significantly to shrimp demand.

For example, the Asia Pacific shrimp market rose from USD 14.46 billion in 2022 to USD 15.42 billion in 2023, reflecting a strong consumer shift toward health-conscious and protein-rich diets.

Market Restraints Global Trade Tensions Affecting Export Dynamics Ongoing trade disputes between major economies such as the United States, China, and Russia have generated uncertainty in the global seafood trade. In 2019, China imposed retaliatory tariffs—ranging from 10% to 25%—on approximately USD 110 billion worth of U.S. goods, which directly impacted shrimp exporters, reducing profit margins and export volumes.

Market Segmentation The global shrimp market is categorized by type into white shrimp, pink shrimp, brown shrimp, and others, with white shrimp dominating the segment due to its abundant availability and widespread consumption. Based on form, it includes frozen shrimp and others, where frozen shrimp leads owing to rising sales through supermarkets, hypermarkets, and online platforms. In terms of end user, the market is divided into commercial and residential, with the commercial sector holding the largest share, driven by strong seafood demand from restaurants, hotels, and foodservice establishments. By distribution channel, it is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others, with a noticeable shift toward e-commerce, while specialty stores continue to maintain a significant presence in the market.

Regional Insights The global aquaculture industry has grown rapidly in recent years, providing sustainable solutions to meet the increasing global demand for protein while reducing dependence on wild fish stocks. Within this context, shrimp aquaculture has become a major driver of global seafood revenue. The Asia Pacific region, valued at USD 10.74 billion in 2020, remains the market leader, supported by technological advancements, favorable environmental conditions, and rising seafood consumption. North America is projected to witness steady growth, fueled by strong demand for brown shrimp and large decapod species, as well as a growing preference for sustainably sourced seafood. Europe is expected to experience moderate expansion, maintaining consistent consumer demand despite heightened competition from other seafood products. Meanwhile, South America, particularly Ecuador, is emerging as a major shrimp production and export hub, benefiting from cost efficiencies and robust trade competitiveness.

Regional Impact of COVID-19 Although the Asia Pacific region maintained its leading position in shrimp production, pandemic-related restrictions led to an estimated three-month delay in harvesting activities during 2020. Countries including China, Vietnam, India, and Thailand encountered logistical obstacles and weakened demand. In India, specifically, pond seeding schedules shifted from March–April to May–June, delaying harvests until August–September. Since then, the sector has recovered as aquaculture operations and logistics normalized.

Competitive Landscape The shrimp industry is moderately consolidated, with key players focusing on technological advancements, strategic collaborations, and capacity expansion to improve efficiency and meet global demand. Companies are prioritizing sustainable farming practices and value-added product lines to strengthen their competitive edge.

Major Companies Operating in the Market: 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)

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

Report Coverage This report delivers an in-depth assessment of the global shrimp market, including detailed analyses of market trends, product segments, and applications. It also explores technological developments, competitive strategies, and key initiatives influencing market growth. The study provides valuable insights for industry stakeholders, investors, and policymakers, enabling them to evaluate market opportunities and make informed business decisions.

Crop Protection Chemicals Market Size, Share, and Forecast by 2032

The global crop protection chemicals market was valued at USD 64.18 billion in 2024 and is projected to expand from USD 67.18 billion in 2025 to approximately USD 97.01 billion by 2032, registering a CAGR of 5.39% during the forecast period (2025–2032). The United States market is expected to reach nearly USD 11.14 billion by 2032, driven by the rapid adoption of advanced agricultural technologies and modernized farming practices. In 2024, the Asia Pacific region led the global market, accounting for 29.15% of total revenue.

The COVID-19 pandemic had a temporary yet overall positive influence on the crop protection chemicals industry. In 2020, global demand for these products rose by 2.50%, surpassing the average annual growth rate recorded between 2017 and 2019. This growth reflected the resilience of the agricultural sector and the crucial role of crop protection inputs in maintaining global food supply chains. Following the easing of pandemic-related restrictions, the market regained its long-term growth momentum.

During the height of the pandemic, the United Nations World Economic Situation and Prospects Report documented a 3.2% contraction in global GDP, a decline greater than that witnessed during the Great Depression. Nearly 90% of industries worldwide experienced production stoppages, supply chain disruptions, and changes in consumption behavior. Although the agrochemical sector also faced production and transportation challenges due to border closures, it recovered relatively quickly as governments prioritized food production and the continuity of essential agricultural operations.

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Market Dynamics Significance of Crop Protection Chemicals Crop protection chemicals—including herbicides, fungicides, and insecticides—play a pivotal role in minimizing yield losses caused by pests, weeds, and plant diseases. According to the Royal Society of Chemistry, more than 800 active chemical ingredients are currently registered for use in crop protection formulations globally. Recent R&D initiatives have focused on developing environmentally sustainable and efficient formulations to replace older, high-toxicity chemicals. Innovations in this area emphasize target-specific performance, reduced application rates, broad-spectrum control, and compliance with evolving regulatory frameworks worldwide.

Market Segmentation The global crop protection chemicals market is segmented by type into herbicides, fungicides, insecticides, and others. Based on crop type, the market includes cereals, fruits and vegetables, oilseeds and pulses, and other crops. By application, it is categorized into seed treatment, soil treatment, foliar spray, and other applications. Regionally, the market is divided into North America, South America, Europe, Asia Pacific, and the Middle East & Africa.

Market Drivers and Challenges The growing need to enhance agricultural productivity has accelerated the adoption of Integrated Pest Management (IPM) systems, which combine biological control, resistant crop varieties, and precision agriculture to minimize chemical dependency. For instance, India’s Directorate of Plant Protection reported productivity improvements of 40.14% in rice and 26.63% in cotton following IPM implementation.

Although global pest-induced yield losses have declined—from 13.6% during the Green Revolution era to 10.8% in the early 2000s—the emergence of pesticide-resistant pest species remains a key concern. This trend underscores the urgent need for innovative and sustainable pest management technologies.

Regional Insights The Asia Pacific region, valued at USD 16.54 billion in 2020, continues to dominate the global landscape, supported by its vast agricultural base, growing population, and increasing focus on food security. Rising urbanization, advances in agri-tech, and the cultivation of high-value crops further boost regional demand. In North America and Europe, there is a strong movement toward sustainable agriculture, driven by stringent regulatory policies that limit the use of synthetic pesticides and promote bio-based alternatives. This shift has encouraged manufacturers to invest heavily in green chemistry and biological pest control innovations to meet consumer and regulatory expectations.

Competitive Landscape The global crop protection chemicals industry is moderately consolidated, with leading multinational corporations pursuing strategic collaborations, acquisitions, and new product launches. Companies are increasingly focusing on developing low-toxicity, environmentally friendly, and precision-based solutions to strengthen their market presence and align with sustainability goals.

Major Players 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)

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

Annatto Market Size, Growth, and Report Forecast Through 2032

The global annatto market was valued at USD 196.55 million in 2019 and is forecasted to reach USD 361.39 million by 2032, registering a CAGR of 4.71% during the study period. Europe held the dominant position in 2019, representing 36.02% of the total market share. In contrast, the U.S. annatto market is expected to grow significantly, projected to hit nearly USD 74.22 million by 2032, supported by rising usage across the food & beverage and personal care sectors.

Annatto, derived from achiote seeds, stands among the oldest naturally sourced colorants known to humans. It is widely utilized as a natural food-grade dye, gaining steady adoption across both food and non-food industries. Moreover, it has received safety approval from key regulatory authorities such as the U.S. Food and Drug Administration (FDA) and the European Food Safety Authority (EFSA), which has further strengthened its market appeal.

The outbreak of COVID-19 posed major challenges to the annatto industry due to supply chain interruptions and temporary manufacturing shutdowns. Restrictions on transportation and rising logistics costs affected both production and distribution activities. Additionally, the decline in demand from the foodservice sector—a major consumer of natural colorants—negatively impacted sales. Nevertheless, with global logistics stabilizing and the demand for packaged and processed foods rebounding, the market is anticipated to recover and expand consistently in the coming years.

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Market Trends Rising Demand for Clean-Label Ingredients Driving Growth The growing consumer preference for clean-label and naturally derived products has emerged as a major growth driver. Modern consumers are increasingly choosing non-GMO, minimally processed, and eco-friendly ingredients. Compounds such as bixin are gaining strong market traction due to their natural origin and adaptability across applications. This shift is evident in Europe, where the annatto market increased from USD 67.3 million in 2018 to USD 70.8 million in 2019, highlighting the steady transition toward natural colorants.

Segmentation Insights Among the various product types, solvent-extracted and emulsified annatto dominate the market, primarily due to their widespread use in dairy products. The ingredient is classified as Generally Recognized as Safe (GRAS) and approved by leading regulatory agencies including the FDA, EU, and WHO.

In 2019, the food industry accounted for over 71.6% of total annatto consumption, with strong demand stemming from dairy, bakery, and beverage applications. Furthermore, many food manufacturers are reformulating their products using natural colorants to improve appearance, taste, and consumer appeal.

Regional Insights Annatto ranks as the second most commonly used natural colorant worldwide, following caramel. The increasing demand for bixin and norbixin continues to create lucrative growth opportunities across regions. Europe: Expected to retain market leadership throughout the forecast period. North America: The U.S. remains a key market, driven by the shift toward clean-label and natural foods. Asia Pacific: Witnessing rapid expansion due to urbanization, population growth, and increasing food consumption. South America: Countries such as Peru, Brazil, Ecuador, and Bolivia act as major production hubs due to abundant raw materials and high profitability.

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.) Döhler Group (Germany) Dairy Connection, Inc. (U.S.) IFC Solutions (U.S.) Biocon Colors (India) Aarkay Food Products Ltd. (India)

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Recent Developments March 2020: U.S.-based organic beverage company Suja partnered with Whole Foods Market to launch a new juice line made with natural colorants, including annatto, showcasing the industry’s growing emphasis on clean-label innovation.

Pea Protein Market Size, Industry Trends 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 the forecast period (2024–2032). North America dominated the market, accounting for a 36.33% share in 2023.

In the United States, the market is expected to witness substantial growth, reaching approximately USD 396.14 million by 2032. This surge is driven by the increasing demand for plant-based, protein-rich ingredients used in products such as energy bars, nutritional snacks, protein shakes, and other functional foods.

Pea, a leguminous crop, contains a significant amount of protein—typically 20% to 30% of its total composition. The protein mainly consists of globulins, which are key components in Pea Protein Isolate (PPI) products. Pea protein is extracted using wet-milling or dry-milling processes, yielding protein concentrations between 48% and 90%.

PPI and concentrates are valued for their nutritional benefits and functional properties, including oil- and water-binding capacities, foam stability, emulsification, gelation, and whipping ability. These attributes make them highly suitable for use across a wide range of food, beverage, and nutritional supplement applications.

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Impact of COVID-19 The COVID-19 pandemic disrupted industrial production globally due to extended lockdowns, impacting the manufacturing and logistics of several industries. However, the food, beverage, and pharmaceutical sectors remained relatively resilient. From early 2020, demand for nutritional supplements and health-oriented foods—including plant-based proteins—rose sharply, supporting consistent market growth for pea protein even amid global disruptions.

Market Segmentation The pea protein market is segmented by type into isolates, concentrates, and textured pea protein; by application into meat alternatives, bakery products, supplements, beverages, and others; and by region into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. These segments collectively reflect the wide-ranging consumer preferences and industrial applications of pea protein, influenced by varying levels of dietary awareness, protein consumption patterns, and market maturity across different regions.

Key Market Highlights This report offers a comprehensive assessment of the key drivers, challenges, and emerging opportunities shaping the global pea protein industry. It also evaluates strategic developments such as mergers, acquisitions, partnerships, and new product launches that have redefined the competitive environment in the post-pandemic period.

Market Drivers and Challenges The growing consumer inclination toward high-protein, immune-boosting diets is a major factor driving market expansion. In Europe, demand is rising rapidly among vegan and vegetarian consumers who prefer sustainable, natural, and allergen-free protein sources. Pea protein’s versatility in texture enhancement, emulsification, and product stability has made it a preferred ingredient in a variety of applications, including meat substitutes, bakery goods, and functional beverages. However, certain challenges persist. Some consumers experience digestive sensitivity when consuming pea protein, which may restrict its widespread adoption in certain markets.

Regional Insights North America retains its market leadership, supported by strong demand for protein-enriched cereals, snacks, and wellness foods, alongside an active innovation ecosystem and the presence of major producers. Europe is witnessing robust growth fueled by the rising popularity of veganism and greater awareness of plant-based nutrition, particularly in regions with a high concentration of health-conscious consumers. Meanwhile, Asia Pacific is showing promising expansion, driven by a growing middle-class population, rising disposable incomes, and an increasing shift toward plant-derived dietary options.

Competitive Landscape Leading companies in the pea protein sector are prioritizing strategic collaborations, acquisitions, and product diversification to strengthen their global presence and align with evolving consumer nutrition trends.

Prominent Companies in the Global 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.)

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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, enabling their use across a wide variety of food and beverage applications worldwide.

Mushroom Market Size, Share, and Forecast by 2032

The global mushroom market was valued at 17.25 million tonnes in 2023 and is anticipated to grow from 18.39 million tonnes in 2024 to 32.04 million tonnes by 2032, registering a CAGR of 7.18% during the forecast period (2024–2032). The Asia Pacific region dominated the global market with a 79.83% share in 2023.

In the United States, the market is projected to witness significant growth, reaching approximately 1.22 million tonnes by 2032. This growth is primarily driven by rising investments by domestic cultivators in advanced farming technologies, coupled with merger and acquisition initiatives by international companies seeking to expand their footprint within the country.

Mushrooms, classified as edible fungi, are commonly grouped with vegetables but are not botanically considered plants. They are nutrient-dense foods, rich in vitamin D, riboflavin, potassium, selenium, and other essential minerals that support human health. Research from both clinical and preclinical studies indicates that regular mushroom consumption contributes to improved immunity, weight management, and overall wellness. Additionally, they may help reduce the risk of certain cancers, such as prostate and breast cancer, further enhancing their global demand.

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Impact of COVID-19 Consumer food preferences shifted noticeably during the COVID-19 pandemic. The demand for edible fungi surged as people increasingly sought health-oriented, plant-based foods. However, in the early lockdown phase, restaurant closures and mobility restrictions led to a 50–80% revenue decline for mushroom producers serving the foodservice sector.

As consumers began cooking more at home, demand for fresh and packaged mushrooms rose sharply. According to the U.S. Department of Agriculture (USDA), approximately 816,367 pounds of mushrooms were shipped in 2020, marking a 3% increase in sales value to reach USD 1.15 billion. Brown mushroom sales rose by 3.6%, while specialty mushroom sales increased by 2%, totaling USD 67.4 million. Moreover, the rise of online grocery platforms and the gradual recovery of the HORECA (Hotel, Restaurant, and Café) sector further accelerated market growth.

Market Segmentation The mushroom market is segmented by type into button, shiitake, oyster, and other varieties. Based on form, it is categorized into fresh, canned, frozen, and dried mushrooms, each catering to diverse consumer preferences and storage needs. Geographically, the market is analyzed across North America, Europe, Asia Pacific, South America, and the Middle East & Africa, reflecting varying consumption patterns, production capacities, and regional culinary applications.

Report Highlights Comprehensive assessment of market drivers, challenges, and emerging opportunities Evaluation of COVID-19’s impact on supply chains and consumer behavior Insights into technological advancements in mushroom cultivation and processing Identification of key opportunities for producers and exporters

Market Drivers and Challenges The growing focus on healthy eating habits is a major catalyst for mushroom consumption, as these fungi are low in fat, high in fiber, and known for their immune-boosting properties. Demand is rising across households, restaurants, and institutional buyers. Ongoing research and development activities are contributing to the introduction of exotic and medicinal mushroom varieties, while global trade has created opportunities for functional and specialty mushroom products.

Conversely, mushroom farming is still labor-intensive, with labor costs accounting for nearly one-third of total production expenses. To mitigate these costs, producers are increasingly adopting automation, robotics, and precision farming technologies. Despite these innovations, high operational costs remain a challenge to large-scale production.

Regional Insights Asia Pacific is expected to maintain its leading position in the mushroom market, driven by China’s large-scale production capacity and rising consumption across India, Japan, and Southeast Asia. Europe is experiencing steady growth, particularly in Germany, Spain, the U.K., and the Netherlands, where demand for medicinal and specialty mushrooms is increasing. In North America, the market in the U.S. and Canada benefits from advanced cultivation technologies and supportive government policies. Meanwhile, South America, led by Brazil and Argentina, is witnessing expansion fueled by the growing popularity of plant-based diets and processed food products.

Competitive Landscape Strategic Growth Initiatives Leading players are emphasizing partnerships, mergers, acquisitions, and product innovations to expand their reach and introduce new mushroom-based offerings across global markets.

Key Market Players Weikfield Foods Pvt. Ltd. (India) BioFungi GmbH (Germany) Monaghan Mushrooms (Ireland) Highline Mushrooms (Canada) Scelta Mushrooms BV (Netherlands) Monterey Mushrooms, Inc. (U.S.) Nasza Chata (Poland) Banken Champignons B.V. (Netherlands) Bonduelle S.A. (France) Ecolink Baltic (Lithuania)

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Recent Industry Developments March 2021: New Wave Holdings Corp. launched a functional mushroom product line in the U.S. under its “Way of Will” brand, featuring powders and capsules. July 2020: Leap Foods introduced mushroom-based meat alternatives, including burgers and sausages, marking a significant innovation in the plant-based protein sector.

Food Colors Market Size, Share, Growth Insights and Forecast to 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, expanding at a CAGR of 8.11% during the forecast period, according to the existing analysis. North America led the market with a 26.19% share in 2018. In the United States, the market is expected to grow substantially, reaching an estimated USD 1.54 billion by 2032, fueled by consumers’ growing preference for visually attractive food items, the shift toward natural color ingredients, and increasing adoption within the processed and packaged food industry.

The growing use of food colors in the production of soft drinks, coupled with the rising consumption of carbonated beverages and processed food, is expected to further accelerate market growth in the coming years.

Key Market Drivers A notable driver for market expansion is the increasing demand for natural and clean-label ingredients. Health-conscious consumers are opting for plant-derived pigments over synthetic ones, particularly in snacks, beverages, and confectionery products, as natural colorants enhance both product aesthetics and consumer trust. Consequently, manufacturers are investing in innovative, health-focused coloring solutions, which has led to a gradual reduction in artificial additive usage. Furthermore, the rapid growth of the food and beverage industry in emerging economies is opening new opportunities for suppliers providing both natural and synthetic coloring products.

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Competitive Landscape Symrise AG, a leading global company in flavors and fragrances, strengthened its position in the Asia-Pacific region by launching the Flavor Innovation and Technology Center in Singapore, backed by an investment of €30 million. This facility aims to promote food and nutrition innovation while enhancing regional manufacturing capacity. According to Dr. Heinz-Jürgen Bertram, CEO of Symrise AG, Asia represents a crucial hub for food innovation, with Singapore offering the ideal combination of technical expertise, business-friendly infrastructure, and leadership in nutritional science. This strategic initiative is expected to promote collaboration and innovation throughout the global food industry. Overall, the market is evolving in line with the growing preference for natural, clean-label, and visually appealing food products.

Regional Insights In North America, the food colors market was valued at USD 667.77 million in 2018 and is projected to maintain steady growth throughout the forecast period. The region’s performance is supported by strict regulations on artificial additives, heightened consumer health awareness, and a well-established food manufacturing sector. Additionally, strong consumption of carbonated beverages—which depend on both natural and synthetic colors—continues to boost the regional market. Meanwhile, the Asia-Pacific region is expected to register the fastest growth rate, driven by rising disposable incomes, a growing working-class population, and surging demand for convenience and ready-to-eat foods in major economies such as China and India. These factors create lucrative opportunities for global and regional manufacturers to expand their product portfolios and strengthen their market presence.

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

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Recent Industry Developments July 2021: GNT Group launched EXBERRY Coloring Foods, developed from turmeric and spirulina, offering affordable, clean-label green coloring alternatives. June 2021: Chr. Hansen Natural Colors (now operating as Oterra) completed the acquisition of Symrise AG’s natural food coloring division, broadening its portfolio of natural color solutions.

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.

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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)

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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.

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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)

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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.