The agrochemicals market mergers and acquisitions has a positive outlook at a global level due to the increase in different types of deals in the market like agreements, acquisitions, partnerships, mergers, etc., to cater to the increasing demand from the consumers. North America and Europe contributed a significant share to the overall agrochemicals mergers and acquisitions market, whereas Asia Pacific is projected to be the fastest-growing region. Both, developing and developed economies have a favorable market potential for agrochemicals, due to the increasing concerns regarding crop protection and pest infections.

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The deals for herbicides and crop protection chemicals segment are estimated to occupy the largest market share during the forecast period.

The herbicides and crop protection chemicals segment is estimated to hold the largest market share in the agrochemicals mergers and acquisitions market. Moreover, increasing awareness among consumers regarding better crop protection and increased productivity is encouraging the key players in the market to launch better products in this segment. Herbicides are slightly costly as compared to other agrochemicals like fungicides and insecticides.

The acquisitions segment is estimated to grow at the highest growth rate during the forecast period.

Acquisitions help companies become the world leader in the agrochemicals business. These activities have allowed the company to become a strong competitive player in the agrochemicals market across the world. Most of the acquisitions happen in order to capture the other company’s vast product portfolio and vast geographic reach. Furthermore, it helps in capturing new markets through well-established distribution channels, innovation, and new product launches to gain a competitive edge.

Europe and North America are estimated to have the largest number of deals during the study period.

The increase in the number of strategic deals in Europe and North America is because of the number of players operating in the market. Most of dominating agrochemicals players are operating widely in both of these regions and they acquire companies in the Asia Pacific region. This trend is usually because of the number of arable lands and dependency on agriculture in these regions. The market size and penetration of agrochemicals like fertilizers and pesticides are expected to be high in developing regions. Further, crop protection like herbicides, fungicides, and insecticides is expected to grow, due to frequent pest attacks.

This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Bayer CropSciences (Germany), BASF SE (Germany), Syngenta AG (Switzerland), and Corteva Agriscience (US).

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The global spices and seasonings market is estimated to be valued at USD 21.3 billion in 2021. It is projected to reach USD 27.4 billion by 2026, recording a CAGR of 5.2% during the forecast period. Globally, the spices & seasonings market is driven by the growing demand for convenience food products, clean label trends, and natural preservatives for the meat industry. However, the growing incidences of adulteration and contamination in the spices exported from developing countries such as India and China are prompting regulatory bodies in Europe and America to strengthen the safety regulations on imported spices and seasonings. Growth in food product innovations to incorporate natural ingredients, increase in demand for health and wellness products, and rise in demand for ethnic and authentic food products are emerging opportunities for the spices & seasonings market.

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Asia Pacific dominates the market valued at USD 27.4 billion by 2026

The usage of spices and seasonings in the industrial sector is less in the Asia Pacific region as compared to that in developed regions, which presents food processing industries with considerable untapped potential. The overall economic growth in the Asia Pacific region has led to an increase in urbanization and rapid industrialization, with a resultant rise in per capita income. These factors play a major role in the changing preference of consumers towards value-added food products. The region’s improved agricultural growth over the past decade, followed by advancements in the food industry, has provided new opportunities for the spices & seasonings industry. This region has a much-diversified flavor preference wherein consumers are constantly looking for new variants, which will drive the spices & seasonings market. India’s spices & seasonings industry has witnessed increasing varieties of value-added spice & seasoning products in the ground, crushed, cracked blended, and dehydrated forms, in bulk and consumer packs.

Key Players in the Market

This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the spices and seasonings market. It consists of the profiles of leading companies such as the major spices and seasonings manufacturers include McCormick & Company, Inc. (US), Olam International (Singapore), Ajinomoto Co. Inc. (Japan), Associated British Foods plc (UK), Kerry Group plc (Ireland), Sensient Technologies Corporation (US), Döhler Group (Germany), SHS Group (Ireland), and Worlée Gruppe (Germany). These players have focused on acquisitions to gain a larger market share in the spices & seasonings market.

Rapidly growing fast-food industry and increasing demand for convenience food propagating the demand.

The changing perception of people with regard to processed foods and the technological innovations in spice and seasoning processing techniques have led to an increase in demand for processed products and subsequently to the growth of the spices & seasonings market. Cinnamon is used to flavor a variety of foods, from confections to curries to beverages, and is popular in bakery goods in many places. Cinnamon also contains large amounts of polyphenol antioxidants. The antioxidants in cinnamon have been found to have anti-inflammatory effects; also, consumption of cinnamon is associated with a short-term reduction in blood pressure. All these benefits have significantly increased the consumption of cinnamon across the world.

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Meat & Poultry products account for the most share in the global spices & seasonings market.

The meat & poultry products segment accounted for the largest value during the forecast period, probably because spices stimulate the appetite, adds flavor and acts as natural preservatives for meat and poultry products. Different spices and seasonings such as pepper, cinnamon, cardamom, cumin, turmeric, and capsicum are applied to meatloaves, sausages, salamis, and other processed meat & poultry food products. Both fresh and frozen meats can be spiced and marinated before storage. All these factors have resulted in the high use of spices in the preparation of meat products. Hence, resulting in a high market share. Commercial meat processing plants use spice extracts in place of natural spices. Seasonings and spices used for sausage making are usually fresh as most consumers prefer the taste of freshly made food that often comes from spices. Spices such as garlic, pepper, and chili play a crucial role in the antioxidant and natural preservatives in fermented meat products.

 

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The global aquaculture products market is estimated to be valued at USD 39.7 billion in 2022. It is projected to reach USD 56.2 billion by 2027, recording a CAGR of 7.2% during the forecast period. Some macroeconomic and microeconomic elements that have been prevalent in some important countries have had an impact on the global aquaculture products market. In terms of value sales, this would be strong enough to significantly influence the market during the predicted period. The rise in consumer awareness, health consciousness, demand for high protein diet, changing lifestyles, and consumption patterns drive the demand in the aquaculture products market.

Asia Pacific is estimated to dominate the aquaculture products market

The Asia Pacific region has been experiencing significant growth in the aquaculture products market in recent years. This is due to several factors, including the region's large population and increasing disposable income, which is driving demand for seafood. In addition, the Asia Pacific region has favorable geographic conditions for aquaculture, with a long coastline, large rivers, and favorable weather conditions. The region is the largest producer of aquaculture products globally, accounting for over 90% of global aquaculture production. China is the largest producer of aquaculture products in the region, followed by India, Indonesia, and Vietnam. In recent years, there has been a shift towards higher value aquaculture products, such as shrimp, salmon, and tilapia, driven by changing consumer preferences and increasing health consciousness. As a result, the aquaculture products market in the Asia Pacific region is expected to continue its growth trajectory, offering significant opportunities for investors and businesses in this industry.

The key players in this market include Pentair PLC (US), AKVA Group (Norway), Xylem Inc. (US) Aquaculture Equipment Ltd. (UK), and Aquaculture System Technologies LLC (US).

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By species, aquatic animal segment is the fastest-growing segment in the aquaculture products market during the forecast period

The sales of fish products have seen a spike since last two decades globally. One of the main drivers of this growth is the increasing demand for seafood due to its high protein content and health benefits. Additionally, the rise in global population and food security has led to an increase in demand for seafood items. Technological advancements in aquaculture practices have also enabled the cultivation of a wider variety of aquatic animals, including high-value species such as shrimp, salmon, and tuna. These trends indicate a bright future for the aquatic animal market, with increasing demand and new opportunities for growth.

By Culture, marine segment is projected to grow at the fastest rate during the forecast period

Marine aquaculture can be beneficial for both ecosystems and humans if it is managed within a broader framework that takes into account its impact on different ecosystem services, such as regulating, provisioning, habitat, and cultural services. Marine aquaculture includes a variety of activities and objectives, such as large-scale food production, specialized operations aimed at improving environmental outcomes or producing multiple species for various benefits, and the restoration of native species. By focusing on habitat restoration, creating jobs, and increasing food security, aquaculture can have a positive impact on ecological, economic, and social needs. Therefore, actively developing aquaculture to provide ecosystem services may generate more significant benefits.

The global biorational pesticides market will grow from USD 7.5 billion in 2023 to USD 15.1 billion by 2028, growing at a CAGR of 15.2% during the forecast period. Organic agriculture, prioritizing natural and sustainable methods while shunning synthetic chemicals, has been pivotal. It underscores a focus on eco-friendly solutions and aligns perfectly with the essence of biorational pesticides—derived from natural origins and demonstrating minimal environmental impact. This mutual alignment complements the core principles of organic farming, fostering the heightened adoption of biorational pesticides within this evolving agricultural landscape.

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The botanical source of the biorational pesticides segment is driving the market due to simpler storage needs and broad spectrum effect against insects, fungi, or other pests

Pesticides derived from plant sources or their extracts, known as botanical-based pesticides, frequently exhibit characteristics that enhance their stability during storage. These compounds, originating from plants, often possess inherent stability, mitigating rapid degradation or breakdown under standard storage conditions. This inherent stability contributes to an extended shelf life in comparison to certain microbial-based pesticides.

In terms of storage requirements, botanical-based pesticides typically demand simpler conditions than some microbial-based counterparts. While they may require standard storage practices, such as averting extreme temperatures or excessive moisture, they generally do not mandate specialized storage facilities or rigorous environmental controls.

Liquid formulation segment exhibits highest CAGR of 15.3%, driving biorational pesticides market growth

Liquid formulations of pesticides present distinct advantages over their dry counterparts, propelling their increased market demand. Their ease of application stands out as a primary factor, as liquids allow for more uniform spraying over large areas, ensuring enhanced coverage, particularly on uneven or densely foliated surfaces. This attribute facilitates efficient application, contributing to better pest management outcomes.

North America accounts largest share in the biorational pesticides market and witnessing growth due to tight regulations and limitations on the application of conventional chemical pesticides

The agricultural sector in North America is characterized by a variety of farming systems, including large-scale commercial operations and smaller organic and specialty crop farms. This diverse landscape creates favorable conditions for the utilization of biorational pesticides across a wide range of crops.

In North America, regulatory bodies have erected robust frameworks, rigorously scrutinizing the usage of conventional pesticides, fueled by apprehensions encompassing safety and environmental repercussions. These stringent measures have triggered a surge in the quest for biorational pesticides, esteemed for their perceived safety and eco-friendly attributes. A significant milestone unfolded when the U.S. Environmental Protection Agency (EPA) championed the cause of shielding children and agricultural workers from the perils of a hazardous pesticide with ties to enduring cognitive impairments.

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Key Players

The key players in the biorational pesticides market include BASF SE (Germany), Bayer AG (Germany), UPL (India), FMC Corporation (US), Syngenta AG (Switzerland), Novozymes A/S (Denmark), Sumitomo Chemical Co., Ltd (Japan), Pro Farm Group Inc (US), Koppert (Netherlands), Valent BioSciences LLC (US), Gowan Company (US), Certis Biologicals (US), Biobest Group (Belgium), BIONEMA (UK), and Vestaron Corporation (US).

 

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The global collagen market, valued at USD 5.1 Billion in 2023, showcases a remarkable growth projection, anticipated to escalate to USD 7.4 Billion by 2030, indicating a robust compound annual growth rate (CAGR) of 5.3% during the forecast period. The global demand for collagen is escalating due to a convergence of factors spanning health and wellness trends, an aging population seeking remedies for age-related concerns, the beauty and cosmetics industry's reliance on collagen for anti-aging products, and the integration of collagen into functional foods and beverages to cater to nutritional needs.

US is poised to maintain its dominant position within the North American collagen market throughout the forecast period.

The expansion of the pharmaceutical sector in the United States can be attributed to the rising incidence of chronic diseases and advancements in drug delivery technology. Collagen finds extensive use in the medical and pharmaceutical domains, including applications in collagen biomaterial, wound care, pain management, combating bacterial pathogens, and addressing surgical adhesions. The increasing prevalence of conditions such as arthritis and obesity is expected to boost the demand for collagen and collagen proteins in the region, given collagen's effectiveness in treating rheumatoid arthritis and fragile bones. Additionally, various collagen proteins play diverse roles in dietary supplements and nutraceutical ingredients. In dentistry, collagen peptides serve as hemostatic agents, facilitating rapid blood coagulation in arterial bleeding, especially those extracted from fish and administered orally. The versatile properties of collagen, including elasticity and reparative capabilities, make it widely applicable in dentistry.

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The marine segment in the collagen market is poised for remarkable growth with the highest CAGR in the upcoming forecast period.

The marine source of collagen has swiftly emerged as the frontrunner in the collagen market, experiencing unparalleled growth for several compelling reasons. Its sustainability, derived from fish by-products that minimize waste, aligns with the growing environmental consciousness among consumers. Renowned for its high bioavailability, marine collagen is easily absorbed by the body, making it an efficient choice for supplementation. Its versatility allows for diverse applications in dietary supplements, cosmetics, and medical products, catering to a broad spectrum of consumer needs.

The nutritional products segment within the collagen market emerged as a pivotal force in 2022, steering the market's momentum.

The escalating demand for collagen in nutritional products worldwide can be attributed to a confluence of factors. With a growing awareness of collagen's pivotal role in maintaining skin elasticity, joint health, and overall vitality, consumers are increasingly turning to collagen supplementation. This trend is particularly pronounced among the aging population seeking preventive measures against signs of aging, as collagen production naturally declines with age. Simultaneously, the fitness and wellness boom has propelled collagen into the spotlight, as athletes recognize its potential to support joint flexibility and aid in post-exercise recovery. This multifaceted appeal, combined with collagen's adaptability in various forms and its integration into skincare and beauty regimes, has fueled its surge in demand as a key ingredient in nutritional products.

 

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