Pea Protein Market to Showcase Continued Growth in the Coming Years

 Pea protein is derived from yellow peas and is known for its high protein content, amino acid profile, and allergen-free nature, making it an attractive alternative to traditional animal-based protein sources like whey and soy. Pea protein is rich in protein content and provides all nine essential amino acids that the body cannot produce on its own. It's particularly high in lysine, which is often limited in other plant-based protein sources like rice protein.

The pea protein market size is predicted to grow fast to $2.9 billion by 2027, at an 11.9% CAGR. The industry's growing understanding of the benefits of pea protein, which is expected to be worth $1.7 billion in 2022, is the foundation of this upward trend.

This exponential growth can be attributed to the increasing demand for plant-based protein sources and the recognition of pea protein as a sustainable and nutritious alternative. As consumers continue to prioritize healthy and environmentally conscious food choices, the pea protein market is poised for continued success, presenting exciting opportunities for businesses and investors. Consumers are getting increasingly aware of the benefits of nutritional and health products. The usage of pea proteins has rapidly evolved in the past years, which has contributed significantly to the food & beverage, pet food, feed, textile, and pharmaceutical industrial applications. Furthermore, the rise in vegan population, popularity of plant-based foods and gluten-free products and nutritional benefits of pea-based products are key factors that are projected to drive the growth of the Pea Protein market during the forecast period.

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North America is projected to be the largest market.

North America accounted for the largest share; during the forecast period, in terms of volume and value, respectively. Increasing vegan population, increasing demand for health & wellness products, increasing awareness about sustainable lifestyle and increasing consumption of processed meat products are the key drivers of the global pea protein market.

The Yellow Split Pea in the segment by source is projected to account for the largest market share of the Pea Protein market over the forecast period.

Yellow split peas are one of the most popular pea sources among product manufacturers. This is due to peas functionality and adaptability to different product types, which is driving demand for yellow split peas in a variety of products such as plant-based meat, beverages, functional foods, and performance nutrition. Yellow split peas high protein content makes them ideal for producing pea protein isolates. They are valued for their amino acid profile, which has led to their classification as "whole proteins" when compared to dairy and meat-based alternatives. 100g of yellow split pea contains 370 calories, 1 gramme of fat, 67 grammes of carbohydrates (27 grammes of fibre, 3 grammes of sugar), 27 grammes of protein, and 25% of the RDA of iron.

The dry form Pea Protein is estimated to dominate the Pea Protein market during the forecast period.

The dry form of pea protein is more popular than wet pea protein because it has a wider range of applications. Dry textured pea proteins have a dominant market position due to their characteristics and demand in a wide range of applications. The increased demand for dry textured proteins in applications such as plant-based meat due to its’ ability to replicate the meaty texture has helped to improve the industry outlook for dry textured pea proteins. They are commonly used as a nutritional supplement formulated with yellow protein pea extract. It is mostly used as a protein filler in products like fitness shakes and smoothies.

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Agricultural Microbials Market Global Outlook, Trends, and Forecast

 The agricultural microbials market refers to the use of microorganisms, such as bacteria, fungi, and viruses, for agricultural purposes, including crop protection and enhancement, soil fertility improvement, and plant growth promotion. These microorganisms can be applied as biopesticides, biofertilizers, and biostimulants.

The global agricultural microbials market has been growing in recent years due to the increasing demand for sustainable agricultural practices and the need to reduce the use of synthetic chemicals in agriculture. The market is expected to continue to grow in the coming years, driven by factors such as the growing awareness about the benefits of agricultural microbials, the increasing demand for organic food, and the rising adoption of precision agriculture.

The global agricultural microbials market is poised for significant growth in the next few years, with projections indicating that it will generate a revenue of USD 12.6 billion by 2027. This represents a CAGR of 14.6% from 2022 to 2027, reflecting a strong demand for sustainable and environmentally-friendly agricultural practices.

Some of the major trends in the Agricultural Microbials Market:

Increasing Demand for Sustainable Farming Practices: The global shift towards sustainable farming practices is driving the demand for agricultural microbials. Farmers and growers are looking for ways to reduce their reliance on synthetic chemicals and fertilizers, and microbials offer an eco-friendly alternative that can help improve soil health, increase crop yields and quality, and reduce the environmental impact of farming.

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Growing Demand for Organic Food: As consumers become more health-conscious and environmentally aware, the demand for organic food is increasing. Agricultural microbials are an essential component of organic farming, and the rise in demand for organic food is driving the growth of the agricultural microbials market.

Advancements in Biotechnology: Advances in biotechnology are enabling the development of new and innovative agricultural microbials that can target specific pests and diseases, improve plant growth and nutrient uptake, and enhance soil health. This is leading to a wider range of options for farmers and growers, and driving the growth of the agricultural microbials market.

Increasing Adoption of Precision Agriculture: The use of precision agriculture techniques, such as precision planting and precision irrigation, is increasing. Agricultural microbials are a key component of precision agriculture, as they can be targeted to specific areas of the field and applied in precise quantities. This is leading to increased demand for agricultural microbials that are compatible with precision agriculture techniques.

Government Support for Sustainable Agriculture: Governments around the world are increasingly supporting sustainable agriculture practices through policies and funding initiatives. This is creating a favorable regulatory environment for the agricultural microbials market and driving the growth of the sector.

North America holds 5% of global organic agricultural land but has one of the largest markets for organic products, with agricultural produce accounting for 39% of US organic food sales in 2020. The usage of microbials, including biopesticides, is a major contributor to this. The degradation of soil quality in the US due to synthetic fertilizer overuse has led to the exploration of environmentally friendly alternatives, such as rhizobium-legume symbioses for nitrogen fixation. Inoculants of rhizobial are frequently used as biofertilizers in various crops. The specificity of microbial insecticides and fungicides toward pests and fungus drives the market for microbial pesticides in the US, where 27 insect pests are resistant to synthetic insecticides. The increasing population of insect-resistant pests is a major problem faced by US agricultural growers, thereby fueling the demand for bioinsecticides.

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Upcoming Growth Trends in the Pet Food Ingredients Market

 The pet food ingredients market is a segment of the larger pet care industry that focuses on the production and sale of ingredients used in pet food manufacturing. Pet food ingredients are the raw materials that go into the formulation of various types of pet food, including dry kibble, canned food, and treats. 

The global pet food ingredients market is projected to expand with an exceptional compound annual growth rate (CAGR) of 6.7% from 2022 to 2027. This growing trend is projected to increase the market value from $32.2 billion in 2022 to an impressive $44.5 billion by the end of 2027.The fast adoption of pets, as well as rising and emerging concern about their health and well-being, are predicted to fuel the increasing need for pet food ingredients.

Market Drivers: Switch from mass products to organic pet food ingredients

According to APPA, in the pet industry, the spending on pet food is around one-third of the total spending. In 2016, around USD 8.2 billion was spent in the US on organic food products. According to an article published in the UK on dog food, the volume of pet food sold has declined by 3%, whereas the value has increased by 2%, stressing on the fact that pet owners are moving toward organic and premium products. Also, there is a rising interest among US pet owners for natural, locally-sourced treats, and chews, which has also led to the increased sales of organic pet food ingredients. Additionally, an increase in obesity among pets has encouraged pet owners to demand organic, clean, and protein-rich food products.

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Opportunities: Shift in focus toward natural and grain-free products

The rising trend of pet humanization has led to an increase in spending on premium pet food products by pet owners. They are consistently demanding pet food that adds value to the diets of pets and enhances their growth and development. Therefore, the demand for natural and grain-free extruded pet food products has been growing remarkably over the last few years, as they provide various health benefits and aid in the healthier growth of animals. For instance, according to the Pet Industry Distributors Association, natural pet food sales grew from USD 3.6 billion in 2011 to USD 5.4 billion in 2015. Growth in demand for natural and grain-free pet food products has created new opportunities for pet food ingredient manufacturers. Focusing on product innovation and the introduction of natural and grain-free pet food ingredients will enable companies operating in the pet food ingredients market to improve their profits.

The dog segment is projected to account for the largest market share in the pet food ingredients market

Based on pet, the dogs segment is projected to account for the largest market share in the pet food ingredients market. Dogs are the most popular pets, with a healthy adoption rate globally. A wide variety of pet food ingredients composed of plant derivatives and animal-based ingredients are needed to meet the nutritional requirements of dogs. Pet food ingredients such as colors and flavors are also used extensively in dog food products to enhance their palatability and feed intake. The high applicability of pet food ingredients in dog food is expected to drive the growth of this segment.

Asia Pacific accounted for the fastest-growing region for the pet food ingredients market. The Asia Pacific pet food ingredients market is driven by the rising pet population and rising demand for pet food. Developing countries such as China and India have a significant population of pets. Factors such as emerging economies, a rising middle-class population, and a rise in awareness regarding the health and well-being of animals, have further contributed to the adoption of pet animals in the region.

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Pet Food Ingredients Market Key Players:

Key players in this market include BASF SE (Germany), Darling Ingredients Inc. (US), Cargill (US), Ingredion (US), DSM (Netherlands), Omega Protein Corporation (US), ADM (US), Kemin Industries, Inc. (US), Chr. Hansen Holding A/S (Denmark) and Roquette Frères (France).

Insect Repellent Active Ingredients Market : Business Opportunities and Global Industry Analysis

 Insect Repellent Active Ingredients Market Forecast And Trends

The insect repellent active ingredients market is anticipated to be valued $1.0 billion in 2023, with a 7.6% CAGR to reach $1.5 billion by 2028. The demand for insect repellent has been steadily increasing over the years due to several factors. One of the main drivers is the growing vector population. Insect repellents focus on controlling the infestation of mosquitoes, flies, ticks, bugs, fleas, and other organisms, which can cause adverse effects on humans. There have been rising instances of epidemics caused by pests such as cockroaches, bugs, mosquitoes, flies, and ants across the globe. To prevent such epidemics, various types of insect repellent formulations are being manufactured. The manufacturing may vary according to the type of insects targeted, formulations, active ingredients, concentration, permit requirements, and product registration.

Market Driver: Growing cases of disease outbreak.

More than 17% of all infectious diseases are vector-borne, according to a report released by the WHO in March 2020. Each year, these illnesses result in about 700,000 deaths. They may be caused by viruses, bacteria, or parasites. Life-threatening diseases like chikungunya, influenza, the H1N1 virus, Zika virus, and dengue have all been on the rise over the past ten years and are typically carried by insects. The Zika virus outbreak in the Americas in 2017 (spread by Aedes aegypti and Aedes albopictus) was the most latest outbreak caused by insect vectors.

The most harmful diseases are spread by mosquitoes. Millions of people globally contract mosquito-borne diseases including malaria and dengue each year. The need for insect repellent products has increased recently due to the spread of diseases.

Malaria is a parasitic infection transmitted by Anopheles mosquitoes. Globally, an estimated 219 million cases of malaria are reported; it results in more than 400,000 deaths annually. Most of the deaths occur in children below the age of five years.

Dengue is another deadly infection transmitted by Aedes mosquitoes. Every year, more than 3.9 billion people in over 129 countries contract dengue. The disease reportedly claims an estimated 40,000 lives every year. According to the National Vector Borne Disease Control Programme (NVBDCP) (India), in 2017, about 11,552 cases of dengue were reported in Tamil Nadu, recording a 350% increase in the number of cases compared to 2016.

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Aerosols segment of the insect repellent active ingredients market by end application is projected to witness the highest CAGR during the forecast period.

Based on end application type, the aerosols segment estimated to account for the highest growth rate. Aerosol insect repellents are widely used and highly effective forms of insect protection, providing a convenient and versatile solution for repelling a variety of biting insects. These products come in pressurized cans or containers and are designed to disperse a fine mist or spray of repellent. Aerosol insect repellents offer several advantages. Their spray format allows for easy and even application, ensuring complete coverage on exposed skin. The fine mist enables the repellent to reach difficult-to-access areas, such as clothing folds or hair. This makes aerosol repellents suitable for outdoor activities and areas with high insect populations.

Major players operating in the insect repellent active ingredients market includes Spectrum Brands Inc. (US), Reckitt Beneckiser Group Plc (UK), Henkel AG & Co KGaA (Germany), MERCK KGaA (Germany), S.C. Johnson & Son Inc. (US), Dabur (India), Godrej (India), Sawyer (US), BUGG Products, LLC (US), Coghlan’s (Canada), Vertellus (US), Sumitomo Chemical Co., Ltd (Japan), Clariant (Switzerland), Citrefine (UK), NK Chemiosys Pvt. Ltd. (India), and Shorgun Organics (India).

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The Asia Pacific market is projected to contribute the largest share for the insect repellent active ingredients market.

Asia Pacific region is confronted with a significant challenge posed by vector-borne diseases, transmitted primarily by insects such as mosquitoes, ticks, and flies. These diseases, namely dengue fever, malaria, chikungunya, and Japanese encephalitis, have a profound impact on public health, resulting in substantial loss of life and economic burden. Each year, a considerable number of cases are reported across key countries in the region.

Mosquitoes, being prevalent insects in the Asia Pacific, are notorious for their role in spreading diseases like dengue fever, which affects millions of people annually. In 2021 according to the Ministry of Health and Family Welfare (MoHFW), India alone reported approximately 67,377 cases of dengue fever, indicating a rising trend in the country. Similarly, Japan faces the persistent threat of Japanese encephalitis, transmitted by mosquitoes, with thousands of cases reported each year. This is expected to drive the large market for insect repellents in the region.

Top Driving Factors of Soil Amendments Market

 Soil amendments are materials added to soil to improve its physical, chemical, and biological properties in order to create a more suitable environment for plant growth. They are used to enhance soil fertility, structure, water-holding capacity, nutrient content, and overall plant health. Soil amendments can be organic or inorganic materials and are often mixed into the soil or applied on the soil surface.

The soil amendments market size is poised for tremendous growth, with a predicted value of USD 6.0 billion by 2027 and a CAGR of 11.0%. The global market was estimated at USD 3.6 billion in 2022, indicating a growing need for sustainable agricultural solutions and providing multiple chances for enterprises and stakeholders to innovate and have a positive effect.

With the right soil amendments, farmers can improve soil health and reduce the use of synthetic and conventional fertilizers, creating a more sustainable and environmentally conscious agricultural experience. This provides an opportunity for businesses and innovators to develop products and technologies that can help to address the growing need for eco-friendly farming practices.

Market Drivers: Easier availability of humic substances as raw materials

Humic substances are widely distributed organic carbon-containing materials in terrestrial and aquatic environments. The availability of humic substances boosts the growth of the market. In terms of consumption of humic substances, Europe leads the market, followed by the Asia Pacific due to its easy and cheap availability in countries such as China and India. Asian countries account for a large agricultural area due to the greater availability of humic substances in this region.

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The US witnesses the presence of many mines, which are associated with hard rock mining, coal mining, smelting & refining sites, and construction & refining sites. Mines not only contribute to air pollution but also to land degradation and leave the soil less fertile and vulnerable to erosion. The abandoned mines are generally present in the forest areas, reducing the overall forest productivity and timber harvest potential. Some of these are also present in rural areas with rugged terrains and limited access.

Key Features of Soil Amendments Market

• Growing Demand for Organic and Sustainable Agriculture: There has been an increasing trend towards organic and sustainable agriculture practices. This has led to a greater demand for organic soil amendments like compost, manure, and biochar, as these materials help enhance soil fertility, structure, and overall health without relying heavily on synthetic chemicals.
• Rising Awareness of Soil Health: Farmers and agricultural stakeholders are becoming more aware of the importance of soil health in ensuring productive and resilient crop growth. This awareness has driven the adoption of soil amendments that improve soil structure, water-holding capacity, and nutrient availability.
• Increase in Urban Gardening and Landscaping: The rise in urban gardening, landscaping, and community gardening projects has contributed to the demand for soil amendments. People are using various amendments to improve soil quality in urban environments, enabling successful plant growth in limited spaces.
• Technological Innovations: The soil amendments industry has seen innovations in the development of advanced and tailored products. This includes precision application methods, improved nutrient delivery systems, and the utilization of modern technology to optimize the effectiveness of soil amendments.
• Focus on Nutrient Management: With concerns about nutrient runoff and its environmental impact, there's a growing emphasis on proper nutrient management. Soil amendments are being used strategically to reduce nutrient leaching and improve nutrient utilization by plants.

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Protein Hydrolysis Enzymes Market Global Outlook, Trends, and Forecasts

 According to a research report "Protein Hydrolysis Enzymes Market by Source (Microorganisms, Animals, Plants), Method of Production (Fermentation and Extraction), Product, Application (Detergent, Pharmaceuticals, Food, Textiles & Leather) and Region - Global Forecast to 2027" published by MarketsandMarkets, the protein hydrolysis enzymes market is projected to reach USD 2.9 billion by 2027, growing at a CAGR of 6.2% from 2022 to 2027.

The protein hydrolysis is also prominently used s in the detergent industry. They represent one of the major groups of enzymes and are characterized by their widespread use in detergents. In addition to raising the level of cleaning, protein also provide environmental benefits by reducing energy consumption through shorter washing times, lower washing temperatures, and reduced water consumption.

Global meat production and consumption have increased rapidly in recent decades. According to the OECD-FAO Agricultural Outlook the global meat supply is projected to increase to 374 Mt by 2030. The rise in global consumption demand of meat proteins in the coming decade is estimated to grow by 14% by 2030.

Owing to these reasons, new feed enzymes especially protein hydrolysis are rapidly adopted by the meat industry as they are used in feed industry for the purpose of animal nutrition; essential to meet the growing demand for meat. This has also facilitated the development of significant new technology to advance their use and availability. The importance of functionality is expected to be sustained for a long period of time due to lack of efficient substitutes to protein hydrolysis enzymes.

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Asia Pacific region is anticipated to witness the highest growth rate in the protein hydrolysis enzymes market during the forecast period.

In the Asia Pacific region, the protein hydrolysis enzymes market is largely driven by the increasing usage in detergents, pharmaceuticals, and food industries. The countries in the region such as China, India, Japan, and South Korea are highly reputed in the global pharmaceutical market for their continuous technological innovation. According to National Bureau of Statistics (NBS), China ranked second in the world in terms of research and development. Moreover, the research and development investment are expected to increase by 7% annually during 2021 to 2025. According to the April 2022 report of Indian Pharmaceuticals Industry Analysis, the Indian pharmaceutical market experienced a 13.9% growth in overall revenue in January 2022. The increase in technological innovations in the pharmaceutical segment coupled with growing research and development investments are anticipated to propel the growth of the market in the region.

The key players in this market include Novozymes (Denmark), Associated British Foods (UK), DSM (Netherlands), DuPont (US), BASF (Germany), Advanced Enzymes Technologies (India), and Chr. Hansen (Denmark).

The pharmaceuticals segment is identified to be the fastest-growing segment among the various applications of protein hydrolysis enzymes during the forecast period

Protein hydrolysis enzymes are used extensively for the preparation of medicines, such as ointments for debridement of wounds and used in denture cleaners. Protein hydrolysis enzymes from microbial sources are preferred over those from plant and animal sources due to their wide biochemical diversity and genetic susceptibility. Application of microbial protein hydrolysis enzymes in the pharmaceuticals industry such as serrapeptase, serrazime, lysostaphin, L-asparaginase, L-glutaminase, streptokinase, streptokinase-streptodornase, and xiaflex. These enzymes are used to treat cancer, cardiovascular disease, respiratory tract disorders, and inflammation. Application of plant protein hydrolysis enzymes in the pharmaceutical industry includes papain and bromelain. Papain is an effective enzyme used in treating dyspepsia and other digestive disorders. Papain is used to treat ringworm, remove warts, and heal skin injuries because of its capacity to break down dead tissue without harming living tissue. Bromelain is used in the treatment of cardiovascular disease, decrustation of burns and as an anti-inflammatory agent. Animal-based protein hydrolysis enzymes are applied in the pharmaceutical industry include pepsin, trypsin & chymotrypsin, hyaluronidase, urokinase and collagenase. Pepsin is mainly used to aid protein digestion. Trypsin can be used as a wet or dry dressing as well as an ointment. Hyaluronidase helps drug diffusion when conjugated with other drugs such as antibiotics, adrenalin, heparin, and local anesthesia. Urokinase and collagenase in blood clot removal and skin ulcers.

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Protein Hydrolysis Enzymes Market: Business Opportunities and Global Industry Analysis

 According to a research report "Protein Hydrolysis Enzymes Market by Source (Microorganisms, Animals, Plants), Method of Production (Fermentation and Extraction), Product, Application (Detergent, Pharmaceuticals, Food, Textiles & Leather) and Region - Global Forecast to 2027" published by MarketsandMarkets, the protein hydrolysis enzymes market is projected to reach USD 2.9 billion by 2027, growing at a CAGR of 6.2% from 2022 to 2027.

The protein hydrolysis is also prominently used s in the detergent industry. They represent one of the major groups of enzymes and are characterized by their widespread use in detergents. In addition to raising the level of cleaning, protein also provide environmental benefits by reducing energy consumption through shorter washing times, lower washing temperatures, and reduced water consumption.

Global meat production and consumption have increased rapidly in recent decades. According to the OECD-FAO Agricultural Outlook the global meat supply is projected to increase to 374 Mt by 2030. The rise in global consumption demand of meat proteins in the coming decade is estimated to grow by 14% by 2030.

Owing to these reasons, new feed enzymes especially protein hydrolysis are rapidly adopted by the meat industry as they are used in feed industry for the purpose of animal nutrition; essential to meet the growing demand for meat. This has also facilitated the development of significant new technology to advance their use and availability. The importance of functionality is expected to be sustained for a long period of time due to lack of efficient substitutes to protein hydrolysis enzymes.

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Asia Pacific region is anticipated to witness the highest growth rate in the protein hydrolysis enzymes market during the forecast period.

In the Asia Pacific region, the protein hydrolysis enzymes market is largely driven by the increasing usage in detergents, pharmaceuticals, and food industries. The countries in the region such as China, India, Japan, and South Korea are highly reputed in the global pharmaceutical market for their continuous technological innovation. According to National Bureau of Statistics (NBS), China ranked second in the world in terms of research and development. Moreover, the research and development investment are expected to increase by 7% annually during 2021 to 2025. According to the April 2022 report of Indian Pharmaceuticals Industry Analysis, the Indian pharmaceutical market experienced a 13.9% growth in overall revenue in January 2022. The increase in technological innovations in the pharmaceutical segment coupled with growing research and development investments are anticipated to propel the growth of the market in the region.

The key players in this market include Novozymes (Denmark), Associated British Foods (UK), DSM (Netherlands), DuPont (US), BASF (Germany), Advanced Enzymes Technologies (India), and Chr. Hansen (Denmark).

The pharmaceuticals segment is identified to be the fastest-growing segment among the various applications of protein hydrolysis enzymes during the forecast period

Protein hydrolysis enzymes are used extensively for the preparation of medicines, such as ointments for debridement of wounds and used in denture cleaners. Protein hydrolysis enzymes from microbial sources are preferred over those from plant and animal sources due to their wide biochemical diversity and genetic susceptibility. Application of microbial protein hydrolysis enzymes in the pharmaceuticals industry such as serrapeptase, serrazime, lysostaphin, L-asparaginase, L-glutaminase, streptokinase, streptokinase-streptodornase, and xiaflex. These enzymes are used to treat cancer, cardiovascular disease, respiratory tract disorders, and inflammation. Application of plant protein hydrolysis enzymes in the pharmaceutical industry includes papain and bromelain. Papain is an effective enzyme used in treating dyspepsia and other digestive disorders. Papain is used to treat ringworm, remove warts, and heal skin injuries because of its capacity to break down dead tissue without harming living tissue. Bromelain is used in the treatment of cardiovascular disease, decrustation of burns and as an anti-inflammatory agent. Animal-based protein hydrolysis enzymes are applied in the pharmaceutical industry include pepsin, trypsin & chymotrypsin, hyaluronidase, urokinase and collagenase. Pepsin is mainly used to aid protein digestion. Trypsin can be used as a wet or dry dressing as well as an ointment. Hyaluronidase helps drug diffusion when conjugated with other drugs such as antibiotics, adrenalin, heparin, and local anesthesia. Urokinase and collagenase in blood clot removal and skin ulcers.

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