The secondary macronutrients market is estimated at USD 38.6 billion in 2022 and is projected to reach USD 48.5 billion by 2028, at a CAGR of 4.0% from 2023 to 2028. Due to the rise in the demand for food such as cereals & grains and fruits & vegetables the global secondary macronutrient market is projected to grow at a robust growth rate. Farmers are becoming more aware of the value of secondary macronutrients in crop production and are turning to these fertilizers to boost yields and quality, is further fueling the growth of the market.

Calcium is considered as the most essential element for higher crop productivity. Calcium helps in the better growth of crops which helps in enhancing the quality and yield of plants. It is also responsible for improving the root growth, improving seed and flower formations, and makes the plants resistant to the various pests and diseases. Better results are seen in the crops such as sugarcane, rice, fruits, and vegetables etc. It also helps in the regulation of plant growth and the development of reproductive structures, including flowers and seeds. Plants that receive adequate calcium are stronger and more resilient, with better resistance to pests and diseases. These are the factors which are considered to drive the market for calcium.

Secondary macronutrients can be delivered in liquid form in a variety of ways, including as foliar sprays, fertigation, and soil drenches. This gives farmers the freedom to select the optimal technique for their individual crop and growing environment. Secondary macronutrients in liquid form are simple to combine with water or other fertilizers to make a homogenous solution. By doing this, farmers can make sure that the nutrients are dispersed uniformly over the field, which will result in more consistent crop development and higher yields. These are the factors which are driving the growth of the segment.

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South America is the fastest growing region in the secondary macronutrients market. South America has a large agricultural sector, which is a significant contributor to the region's economy. The use of secondary macronutrient fertilizers can help farmers improve crop yields and profitability. The availability of secondary macronutrient fertilizers is increasing in the South America region, making it easier and more cost-effective for farmers to use these fertilizers. Many South American countries export agricultural products to other countries, and the use of secondary macronutrient fertilizers can help ensure that these products meet the quality standards required by export markets. and hence it is projected to foster at a higher rate in the secondary macronutrients market.

Eminent players operating in the secondary macronutrients market are Nutrien Ltd. (Canada), Yara (Norway), The Mosaic Company (US), Israel Chemicals Ltd. (Israel), K+S Aktiengesellschaft (Germany), IFFCO (India), Deepak Fertilisers and Petrochemicals Corporation Ltd. (India), Coromandel International Ltd (India), Koch Industries, INC. (US) and Nufarm (Australia) among others.

The global compound feed market is estimated to be valued at USD 521.3 billion in 2022. It is projected to reach USD 641.2 billion by 2027, with a CAGR of 4.2%, in terms of value between 2022 and 2027. Some of the reasons driving the growth of the compound feed market are increasing demand for meat consumption in developing countries, increasing livestock farming, growing application of animal-based products in the food industry, and rising incidence of animal diseases.

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Key features of compound feed market:

• High demand for animal-based food products: The increasing global demand for meat, dairy, and eggs is driving demand for compound feed, which is used to raise animals for food production.
• Growing population and rising income levels: A growing population and increasing income levels are driving demand for animal-based food products, which in turn is driving demand for compound feed.
• Technological advancements in feed production: Advances in technology and product innovation have led to the development of high-quality, specialized feed products that meet the specific needs of different types of animals.
• Increasing awareness of animal nutrition and health: The growing awareness of the importance of animal nutrition and health is driving demand for high-quality feed that can support the health and well-being of animals.

Compound Feed Market Global Dynamics

Drivers: Growing demand for animal products for commercial use

Meat and dairy products are good sources of protein. There was an increase in imports and exports of meat between developed and developing countries. The consumption of poultry meat has also increased over the past few years due to its low-fat content compared to beef and mutton. Countries such as the US, Mexico, Canada, Brazil, China, Japan, the UK, France, and Germany are the major consumers of processed meat and pork. To obtain good-quality meat and dairy products, the livestock should be free from harmful diseases and ailments. Thus, to reduce risks to human health and the environment, livestock producers focus on providing nutritious feed to their livestock.

Opportunity: Growing importance of livestock feeding practice in developing economies

The low productivity of livestock in developing countries is reflected by poor growth and improper feeding of young ones, which is attributed to poor feeding management. The government policies and economic strategies encourage farmers to transform it into semi-intensive systems with additional imported feed. The compound feed provides a mix of optimum nutrition for livestock. These are some of the reasons why intensive livestock farming is booming in emerging countries, but still, there are opportunities for feed manufacturers to grow in these markets.

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The Asia Pacific is the highest-growing region in the compound feed market during the forecast period

The Asia Pacific region is one of the fastest-growing regions in terms of meat consumption, production, and developing economies are contributing to the growing demand. Feed is an important constituent of agriculture, and the region is the largest producer of feed. Factors such as high demand for meat and animal by-products, rising demand for processed food, and increasing disposable income contribute to the rising demand for compound feed in the region.

Key Players in Compound Feed Market:

Key players in compound feed market include Cargill, Inc. (US), ADM (US), Charoen Pokphand Foods (Thailand), New Hope Group (China), Land O’Lakes (US), Nutreco N.V. (Netherlands), Alltech, Inc. (US), Guangdong Haid Group Co., Ltd (China), Weston Milling Group (Australia), and Feed One Co. (Japan).

The global cannabis market size is estimated to be valued at USD 27.7 billion in 2022 and is projected to reach USD 82.3 billion by 2027, recording a CAGR of 24.3% in terms of value.

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The growth of the cannabis market is being driven by several factors, including:

• The increasing legalization of cannabis: The number of countries that have legalized cannabis for either medical or recreational use has been increasing in recent years. This has led to an increase in the demand for cannabis products.

• The growing awareness of the medical benefits of cannabis: There is a growing body of research that suggests that cannabis can be effective in treating a variety of medical conditions, including chronic pain, nausea, and seizures. This has led to an increase in the demand for cannabis products for medical use.

• The increasing popularity of cannabis-infused products: Cannabis-infused products, such as edibles, beverages, and topicals, are becoming increasingly popular. This is since these products offer a more discreet and convenient way to consume cannabis.

The cannabis market is segmented by product type, application, and region. By product type, the market is segmented into flowers, concentrates, and edibles. By application, the market is segmented into medical and recreational. By region, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

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North America is the largest market for cannabis, followed by Europe and Asia-Pacific. The North American market is being driven by the legalization of cannabis in Canada and the United States. The European market is being driven by the legalization of cannabis in several countries, such as Germany, Italy, and Portugal. The Asia-Pacific market is being driven by the growing demand for cannabis products in countries such as China, India, and Japan.

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 Canopy Growth Corporation (Canada), Aurora Cannabis Inc. (Canada), VIVO Cannabis Inc. (Canada), Tilary Inc. (US), Unrivaled Brand Inc. (US), HEXO Corp. (Canada), Medical Marijuana Inc. (US), The Cronos Group (Canada), Medmen Enterprise Inc. (US), Cresco Labs (US), Curaleaf Holdings Inc. (US), Organigram Holdings Inc. (Canada), Stenocare (Denmark), Trulieve (US), and Indiva (Canada).

The cannabis market is a dynamic and growing market. The market is expected to continue to grow in the coming years, driven by the increasing legalization of cannabis, the growing awareness of the medical benefits of cannabis, and the increasing popularity of cannabis-infused products.

The global soy protein ingredients market is estimated to be valued at USD 7.7 billion in 2022. It is projected to reach USD 10.8 billion by 2027, recording a CAGR of 7.0% during the forecast period. Some macroeconomic and microeconomic elements that have been prevalent in some important countries have had an impact on the global soy protein ingredients 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 soy-based meat alternatives, changing lifestyles, and consumption patterns drive the demand in the soy protein ingredients market.

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Drivers and Opportunities:

Increased crop cultivation in developing regions such as South America and Asia Pacific, in addition to the already widespread cultivation across the globe, has increased the availability of soy proteins. Raw materials are, therefore, easy to obtain from contract farmers or oilseed crushers offering soy meal. The low processing costs associated with soy protein ingredients are suitable for the operational demands of manufacturers and thereby allow the processors to spend effectively on product development. As a result of these trends, soy proteins are cheaper when compared to that of other protein sources such as meat, dairy, and whey proteins. Additionally, the prices of conventional dairy products have increased in the recent past, and soy protein, one of the major plant sources of protein, is one of the best alternatives in terms of price.

The organic soy protein market has the potential to change the business landscape in the overall soy protein ingredients market. According to the Research Institute of Organic Agriculture (FiBL), around 1.8 million farmers across 162 countries carried out organic cultivation on more than 37.0 million hectares of agricultural land in 2013. Growth in the organic food products market is also expected to boost the growth of the organic soy protein ingredients market. Government and non-government organizations offer financial aid, R&D programs, and subsidies to support traditional farmers in switching to organic farming. These organizations include the Research Institute of Organic Agriculture, Switzerland (FiBL), the Agricultural & Processed Food Products Export Development Authority (APEDA) in India, and the US Department of Agriculture (USDA) in the US. Demand for organic food ingredients is high in developed regions such as North America and Europe. The consumer preference for healthy products is rising due to the increasing consumer awareness about the health benefits of consuming organic food products. As a result, marketing campaigns are planned to highlight their use and health benefit claims.

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Regional Insights:

The ethical limitations and consumer awareness regarding personal and environmental health have contributed greatly to the mass shifting of people toward adopting veganism and flexitarian diets. According to a recent report published in March 2022 by the Plant-Based Foods Association (PBFA), the US plant-based food retail sales reached USD 7.4 billion, outpacing total food retail sales and showing a growth rate of 6.1% in 2021 from the previous year, despite supply chain interruptions and pandemic restrictions. This growth and increase in the demand for and consumption of plant-based foods are likely to continue during the forecast period and present significant business opportunities for soy protein ingredients.

North America is a significant production base for plant-based protein manufacturers, and the US is a key producer of soybean and wheat in the region.

Similarly, in Mexico, the demand for protein-rich food and beverage products is high due to the highly diversified and multicultural population, which is among the key contributors to the growth of plant-based protein offerings in the region.

Key Players:

The key players in this market include ADM (US), Cargill, Incorporated (Sweden), International Flavors & Fragrances Inc. (US) and Devansoy (US).

The medium-chain triglycerides market is projected to reach USD 1034 million by 2026, at a CAGR of 6.3% from 2021 to 2026. With the rise in demand and preference for organic food products, medium-chain triglyceride manufacturers have been strategizing on developing innovative products at a reasonable price. The surge in global Internet penetration would be another influential trend in driving the market in terms of sales.

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A Medium-chain triglycerides market report typically covers the following aspects:

Market Segmentation: The market is segmented by product type, application, and geography. Product types include MCT oil, MCT powder, and MCT cream. Applications include food and beverages, dietary supplements, cosmetics, and others. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.

Market Overview: This section provides an overview of the market, including market size, growth rate, and market trends.

Market Segmentation: The market is segmented by product type, application, and geography. Product types include MCT oil, MCT powder, and MCT cream. Applications include food and beverages, dietary supplements, cosmetics, and others. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.

Market Overview: This section provides an overview of the market, including market size, growth rate, and market trends.

Competitive Landscape: This section provides an overview of the competitive landscape of the Medium-chain triglycerides market, including market share analysis and profiles of major players operating in the market.

Company Profiles: This section provides detailed information about major players operating in the MCT market, including company overview, product offerings, financial performance, and recent developments.

Conclusion: This section provides a summary of the key findings of the report, including market size, growth rate, and market trends.

Drivers and Restraints:

Increasing incorporation of medium-chain triglycerides as an alternative to regular fats in diets

Medium-chain triglycerides are often used in nutritional diets, infant formulas, functional foods, pharmaceutical products, personal care products, sports drinks, and dietary supplements, as they rapidly generate energy and enhance the endurance of human body. These triglycerides are rapidly broken down and easily absorbed in the human body due to their shorter chain length of fatty acids, making them less likely to be stored as body fat. This also helps with instant energy generation in the body. Extremely low-carb or ketogenic diets are efficient ways of weight reduction, and these triglycerides can be added in such diets as they produce ketones.

Due to the aforesaid benefits, medium-chain triglycerides are becoming popular among consumers who are health conscious and inclined toward healthy eating habits, resulting in their increased demand.

Use of mineral oils as substitute

Mineral oils are often used as substitutes for medium-chain triglycerides in cosmetics and personal care products, as the former are more cost-effective. Medium-chain triglycerides act as good skin barrier builders when used in personal care products, but not strong enough as mineral oils. These triglycerides are good substitutes for mineral oils only if they are formulated without petrochemicals. Thus, the availability of substitutes such as mineral oils is restraining market growth.

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Regional Analysis:

Asia Pacific is one of the fastest-growing regions for the consumption of medium-chain triglycerides, globally. Growing usage in cosmetics, personal care, and food & beverages segment is driving the demand for medium-chain triglycerides such as caprylic, capric, and lauric triglycerides in the region. China, India, and Japan are the leading consuming countries of medium-chain triglycerides. With busy lifestyles and increasing disposable incomes, the demand for nutritional food & products is growing in the region. Moreover, the growing use of personal care & cosmetics products such as lotions, gels, creams and cosmetics products for women are fueling the growth of the market in the Asia Pacific region.