Market Overview:

The global agricultural microbials market size was valued at USD 6.17 billion in 2023 and is projected to grow from USD 6.85 billion in 2024 to USD 16.02 billion by 2032, exhibiting a CAGR of 11.21% during the forecast period. North America dominated the agricultural microbial market with a market share of 35.17% in 2023.

The rising emphasis on maximizing crop yields and productivity in farming by major companies will subsequently spur business opportunities for the agricultural microbials market growth during the forecast period. Moreover, the growing popularity of biopesticides, biostimulants, and biofertilizers among farmers to achieve higher crop production results will boost the agricultural microbials market revenue in the foreseeable future, states Fortune Business Insights in a report, titled “Agricultural Microbials Market Size, Share & Industry Analysis, By Type (Bacteria, Fungi, Virus, and Others), Formulation (Dry and Liquid), Application Method (Foliar Spray, Soil Treatment, and Seed Treatment), Function (Soil Amendment and Crop Protection), Crop (Cereals, Oilseeds and Pulses, and Fruits & Vegetables), and Regional Forecast, 2024 – 2032 ”  the market size stood at USD 6.17 billion in 2023.

The Report Lists the Main Companies in the Agricultural Microbials Market:

• Certis USA LLC
• Marrone Bio Innovations
• ChemChina (Syngenta)
• Koppert Biological Systems
• Varsha Bioscience and Technology Pvt. Ltd.
• BASF SE
• Andermatt Biocontrol AG
• Valent BioSciences LLC
• Novozymes
• Rizobacter Argentina S.A.

REPORT COVERAGE

The global market research report delivers both qualitative and quantitative insights, offering a comprehensive assessment of market size and growth rates across all relevant segments. It includes an in-depth analysis of market dynamics and the competitive landscape. Additionally, the report highlights recent industry developments, such as mergers and acquisitions, regulatory updates in key countries, and emerging trends shaping the industry.

Competitive Landscape :

Collaboration between DuPont Pioneer & Evogene to Stimulate Growth

DuPont Pioneer, a global leader in advanced plant genetics for crops such as corn, cotton, rice, pearl millets, mustard, and sunflower, has announced a multiyear partnership with Evogene, an Israeli company specializing in agricultural biotechnology. This collaboration aims to develop seed treatments based on microbiomes for corn. The partnership is expected to positively impact the agricultural microbials market by helping farmers enhance and protect their corn yields with innovative bio-stimulant products.

Ofer Haviv, President and CEO of Evogene, emphasized the significance of microbiome-based biologicals in boosting agricultural productivity. He noted that Evogene's technology platform is instrumental in developing these new solutions and achieving positive results. Haviv expressed excitement about partnering with DuPont Pioneer, highlighting that this collaboration will enhance their success and accelerate their time to market.

Source: https://www.fortunebusinessinsights.com/industry-reports/agricultural-microbial-market-100412

Market Driver:

Rising Innovation in Microbial-based Ingredients to Enhance Market Scope

Key players are investing more in research and development to create innovative microbial-based ingredients that help farmers boost crop production. This is expected to drive significant growth in the market in the coming years. The use of plant growth-promoting bacteria (PGPB) to develop biopesticides and biofertilizers has enhanced the agricultural microbial sector. Additionally, the increasing commercialization of beneficial bacterial and fungal species will further expand the market share of agricultural microbials in the near future.

Regional Analysis:

Increasing Awareness Among Farmers to Enable Speedy Expansion in North America

North America generated a revenue of USD 2.17 billion in 2023 and is predicted to expand rapidly during the forecast period, owing to the growing awareness among farmers regarding the advantages of microbial in agriculture. The regulatory policies and framework by government organizations will favor the growth of the market in the region. Moreover, the increased efforts by key players to improve their distribution channels in the region will aid development in North America. Additionally, farmland expansion for the cultivation of high-value crops can successively create sales opportunities for the market in the US. Asia Pacific is predicted to rise at an exponential rate due to the increasing investment by key players in the development of biological solutions. Besides, the rising focus on increasing crop productivity and efficiency by farmers will enable healthy growth in the Asia Pacific.

Agricultural Microbials Market Future Outlook

• Growing Demand for Sustainable Practices: There is an increasing focus on sustainable agriculture. Farmers are looking for eco-friendly solutions to enhance crop yield and soil health.

• Advancements in Technology: Innovations in microbial technologies are on the rise. These advancements improve the effectiveness of agricultural microbials in various environments.

• Government Support and Regulations: Many governments are promoting the use of biological products. This support can lead to increased adoption of agricultural microbials.

• Rising Awareness Among Farmers: Farmers are becoming more aware of the benefits of using microbials. This awareness is driving demand for these products in the market.

KEY INDUSTRY DEVELOPMENTS:

April 2022 : Bayer CropScience signed an agreement with Ginkgo Bioworks wherein Ginkgo Bioworks would acquire Bayer's West Sacramento Biologics Research & Development site and internal discovery and lead optimization platform. This agreement is likely to accelerate the expansion of Bayer's diversified portfolio of high-quality microbial-based solutions for growers worldwide.

Report Overview

The global eggs market was valued at USD 150.83 billion in 2024. It is expected to grow from USD 158.81 billion in 2025 to USD 222.86 billion by 2032, with a CAGR of 4.96% during the forecast period. The U.S. eggs market is projected to expand significantly, reaching an estimated USD 24.81 billion by 2032, driven by increasing demand for healthy protein sources. Asia Pacific led the market in 2024, holding a 59.56% share.

The eggs market has been evolving and adapting to new PETA-friendly methods due to the rapidly changing consumer base. Different types of eggs, including organic, cage-free, and free-range, are gaining prominence in the market. The nutritional benefits associated with eggs have significantly increased their consumption rate globally, and are expected to drive market growth during the forecast period.

Fortune Business Insights presents this information in their report titled  “ Eggs Market, 2025-2032 .”

List of Key Players Present in the Report :

• Cal-Maine Foods, Inc. (U.S.)
• Rose Acre Farms Inc. (U.S.)
• Hillandale Farms (U.S.)
• Versova Holdings LLP (U.S.)
• Daybreak Foods (U.S.)
• CP Group (Thailand)
• Beijing Dequingyuan Agricultural Technology Co. Ltd. (China)
• Ise Inc. (Japan)
• Arab Company of Livestock Development (ACOUD) (Saudi Arabia)
• Gemperle Family Farms (U.S.)

Segments:

Conventional Eggs Maintain Market Leadership, Fueled by Production Efficiency and Widespread Availability

By product type, the market is segmented into conventional, cage-free, organic, and free-range. The conventional segment is projected to hold a significant market share during the forecast period. The growth is attributed to the high availability of conventional eggs, resulting from their increased production rate.

Easy Accessibility and Hypermarket Convenience Propel Retail Segment's Share

The market is segmented into two main categories: food service and retail, which includes large supermarkets, hypermarkets, grocery shops, online retailers, and more. It is projected that the retail category will dominate the market throughout the forecast period, primarily because grocery stores are easily accessible. Additionally, the increasing convenience offered by large supermarkets and hypermarkets will contribute to the growth of this category.

Geographically, the market is studied across North America, Europe, Asia Pacific, South America, the Middle East, and Africa.

Source: https://www.fortunebusinessinsights.com/eggs-market-108483

Report Coverage

The report highlights the main reasons behind market growth, the challenges it faces, opportunities for expansion, and potential obstacles. It provides an in-depth look at regional developments, lists major industry players, and explains their key strategies. It also covers the latest industry news, including new product launches, partnerships, mergers, and acquisitions.

Eggs Market Future Outlook

• Growing Demand: The global demand for eggs is expected to rise. This trend is driven by a growing population and increasing health consciousness among consumers.

• Sustainability Practices: More farms are adopting sustainable practices. This shift will likely appeal to eco-conscious buyers and could boost market growth.

• Innovative Products: The market is seeing an increase in innovative egg products. Examples include organic, free-range, and fortified eggs, catering to diverse consumer preferences.

• Technological Advancements: Advances in farming technology may improve production efficiency. This can lead to lower costs and potentially higher profit margins for producers.

Drivers & Restraints

Market Flourishes as Health Awareness Spurs Consumption and Government Backing Boosts Growth

Since the pandemic, egg consumption has increased across various demographic groups, driven by a heightened focus on health and nutritious diets. Government campaigns promoting the health benefits of eggs have also played a key role in fueling this market growth.

However, rising global temperatures caused by climate change are expected to negatively impact egg production worldwide, posing a potential challenge to the market's continued expansion.

Regional Insights

Asia Pacific Takes the Lead as China and India Steer Consumption and Production Trends

Asia Pacific holds the largest eggs market share and is anticipated to continue its dominance during the projected period. The growth in the region can be attributed to the high consumption rate of eggs in India, China, and Japan, with China and India being prominent egg producers.

North America is also estimated to hold a major share of the market due to increased egg consumption in North American countries, including Mexico and the U.S.

Market Trends and Insights

In recent years, the egg market has experienced several significant trends influencing consumer preferences and purchasing behavior. One prominent trend is the increasing demand for organic and free-range eggs, driven by consumers' growing concerns about sustainability and animal welfare. In response, many egg producers have broadened their offerings to include these products, catering to this expanding segment.

Another noteworthy development is the rise of specialty eggs, such as omega-3 enriched and pasteurized eggs. These options provide added health benefits and enhanced food safety, attracting consumers seeking premium-quality products. Additionally, innovations in packaging technology have improved convenience in accessing and storing eggs, further contributing to the market's growth.

Competitive Landscape

Increasing Technological Investments by Key Players to Propel Market Growth

Major companies in the market, such as Cal-Maine Foods, Hillandale Farms, and Rose Acre Farms, are heavily investing in new technologies to improve the production of organic eggs. These efforts are anticipated to drive market growth in the coming years.

KEY INDUSTRY DEVELOPMENTS:

June 2022:  ISE Food Inc., one of the leading egg producers in Japan, announced its expansion into the Indian market by launching its products in several retail channels in India. The launch aims to cater to the growing Indian egg market.

Market Overview:

The Saudi Arabia food service market size was valued at USD 31.69 billion in 2024. The market is projected to grow from USD 34.45 billion in 2025 to USD 61.77 billion by 2032, exhibiting a CAGR of 8.70% during the forecast period.

The food service market in Saudi Arabia is growing at a rapid pace as the demand for home delivery services is rising each year across the country. Consumers across Saudi Arabia are also increasing their intake of takeaway foods. The number of food and shopping malls has grown tremendously across the country over the last few years. Saudi Arabia is also witnessing a strong rise in the trend of opening food outlets in shopping malls. These factors will boost the Saudi Arabia food service market growth.

Fortune Business Insights™ displays this information in a report titled, "Saudi Arabia Food Service Market, 2025-2032."

LIST OF KEY COMPANIES PROFILED IN THE REPORT

• Starbucks Corporation (U.S.)
• Yum! Brands, Inc. (U.S.)
• McDonald’s Corporation (U.S.)
• Restaurant Brands International Inc. (Canada)
• Domino’s Pizza, Inc. (U.S.)
• Papa John's International, Inc. (U.S.)
• ALBAIK Food Systems Company Ltd. (Saudi Arabia)
• Herfy Food Services Co. JSC, KSA. (Saudi Arabia)
• KUDU Company for Food and Catering (Saudi Arabia)
• Hardee’s Restaurants LLC (U.S.)

Source: https://www.fortunebusinessinsights.com/saudi-arabia-food-service-market-106896

Segmentation:

Vast Variety in Menu to Increase Customers’ Preference for Full Service Restaurants

Based on type, the market is segmented into full service restaurants, quick-service restaurants, institutes, and others. The full service restaurant segment captured a dominant Saudi Arabia food service market share as families and corporate gatherings prefer these restaurants due to their vast variety in menu.

Commercial Food Services to Increase Considerably Due to Their Growing Network

By service type, the market is segmented into commercial and institutional. The commercial food service segment is anticipated to lead the market growth as more customers are visiting restaurants and cafes to dine out, which can prompt restaurant owners to expand their business operations.

Report Coverage:

The research report offers valuable insights into the market along with a detailed analysis of the market share, size, segmentation, and growth rate for all possible segments in the market. It also provides an in-depth analysis of the industry. It delivers vital insights, an overview of market dynamics, related markets, recent industry developments, such as mergers & acquisitions, SWOT analysis, leading market trends, regulatory scenario in key countries, and the competitive landscape of the market.

Drivers and Restraints:

International Brands to Expand Their Operations Across Saudi Arabia

Several internationally acclaimed restaurants and hotel chains have established their base in Saudi Arabia. Some of these include The Cheesecake Factory, Cipriani, and Hakkasan. Moreover, a rising number of well-renowned chefs in Saudi Arabia are opening their restaurants in the country, further boosting the market growth. However, negative aspects associated with online food deliveries might slump the market progress.

Country Insights:

The food & beverage sector in Saudi Arabia is the largest in the Middle East region. As per data published by the Saudi Arabian General Authority for Investment (SAGIA), the country’s average spending on food services is estimated to rise by 6% every year during the next 5 years. The demographic and social changes in the country are responsible for the market’s growth.

Competitive Landscape:

Rising Tourism Sector to Prompt Top Market Players to Set Up Base in Saudi Arabia

The COVID-19 pandemic had a heavy impact on Saudi Arabia’s food service industry. This made companies wary of entering the market as there was a high risk of incurring losses. However, as the market recovered from the outbreak, these firms focused on expanding their business operations, which helped the food service industry grow.

Notable Industry Development:

• January 2024: “ Blessings Basket Company” has signed a franchise agreement with the “Rave Restaurant Group”, through its subsidiary “Pizza Inn”, to expand its presence in Saudi Arabia. Through this agreement, Pizza Inn will open 50 new restaurants in Saudi Arabia, starting with two stores in January 2024. Pizza Inn currently operates 110 restaurants in the U.S. and 19 in international markets. In the upcoming decade, Blessings Basket Company is planning to launch 50 more restaurants in the Kingdom of Saudi Arabia.

Market Overview

The global confectionery market was valued at USD 206.97 billion and is expected to grow to USD 278.36 billion by 2032, reflecting a compound annual growth rate (CAGR) of 3.36% from 2024 to 2032. Europe led the market in 2023, accounting for a 38.38% share. The U.S. confectionery market is also set to experience notable growth, projected to reach approximately USD 36.09 billion by 2032. This growth is fueled by rising consumer interest in artisanal confectionery and the development of new production facilities across the region.

Rising health consciousness among consumers will play a key role in augmenting the growth of this market, shares Fortune Business Insights™ in its recent report, titled “ Confectionery Market Size, Share & Industry Analysis, By Type (Chocolate, Sugar, and Gums), Distribution Channel (Hypermarket/Supermarket, Convenience Stores, Departmental Stores, and Online Retails), and Regional Forecast, 2024 – 2032 ”.

Chocolate bars and candies usually have a lot of artificial sweeteners. Because health problems related to lifestyle are on the rise, even people who love chocolate choose products with organic and natural ingredients. For example, a study by a Swiss chocolate company found that the value of organic chocolates in Western Europe is €30 million. This change in what people want will soon affect the chocolate market.

List of Key Players Covered in the Report:

• Super Confectionery
• Ezaki Glico Co., Ltd.
• The Hershey Company
• Mondelez International
• Ferrero SpA
• HARIBO GmbH & Co. KG
• Chocoladefabriken Lindt & Sprungli AG
• Meiji Holdings Co., Ltd.
• Nestle S.A.
• Barry Callebaut

Source: https://www.fortunebusinessinsights.com/industry-reports/confectionery-market-100542

According to the confectionery market report, the value of this market stood at USD 206.97 billion in 2023. The report further contains answers to the following questions:

• What are the major factors driving the market?
• What are the main hurdles that the market is facing and will face in the future?
• What are the key market segments?
• Which region or regions hold the largest potential for the market to grow?
• How are the competitive dynamics shaping the market?
• Who are the prominent players in this market, and what are their key strategies?

Market Driver

Hectic Lifestyles to Foster Sales Opportunities

As the global economy continues to grow, it is generating more employment opportunities and encouraging business development. This economic expansion enables greater access to education and skill-building, resulting in a larger workforce and increased demand for office space, particularly in major urban centers. However, the fast-paced lifestyle that accompanies this growth is contributing to rising levels of stress and poor health. In response, consumers are increasingly seeking convenient, healthier snack options that are low in sugar and fat. Chocolate has emerged as a top choice, not only for its taste but also for its potential health benefits. To meet this demand, companies are introducing sugar-free and organic chocolate products that cater to health-conscious consumers. Research from Loma Linda University supports these trends, showing that chocolate may enhance brain function, reduce stress, and decrease inflammation.

The Sweet Spot: Understanding the Confectionery Market

The confectionery market covers many types of sweets like chocolates and candies, worth billions, and growing every year. People are buying more sweets because they enjoy them and find comfort in them.

Trends Driving the Market

1. Healthier Options

People want candy that's not just tasty but also good for them. They look for sweets with less sugar, that are organic, or that use natural ingredients. This has made it easier to find healthier candy choices.

2. Expensive and Unique

People are ready to spend more on candy that's special and made by hand. They enjoy buying high-quality, unique candies that give them a special experience.

3. Creative Flavors

Candy companies are always coming up with new flavors and ways to make candy. From candies with exotic fruits to spicy-sweet ones, there's a lot of creative candy out there to try.

Regional Analysis

Europe to Lead the Pack; Asia-Pacific to Showcase Excellent Growth Trajectory

Europe is expected to lead the confectionery market with 39% market share in 2018, mainly due to high demand for premium chocolate products. People want unique and high-quality sweets and are ready to pay for them, leading companies to improve their products in Europe. Asia-Pacific also has great potential for growth because of more money available, a growing number of young and working people, and fast city growth. This has led many companies to try to enter the Asian market, especially China and India, by using various strategies.

Competitive Landscape

Launch of Natural Extracts-derived Products to Spur Competition

The candy market is expected to be very competitive as companies try to keep up with the increasing demand for organic candies. They are also looking to sell their products in more countries by launching new items.

Industry Developments:

• May 2023:  Ferrero North America, one of the leading chocolate manufacturers in the U.S., announced new products and seasonal product lines, including products, such as Kinder Chocolate, at the annual expo of sweets & snacks in Chicago.

Market Overview

The global honey market size was valued at USD 8.94 billion in 2023 and is projected to grow from USD 9.40 billion in 2024 to USD 15.59 billion by 2032, exhibiting a CAGR of 6.52% during the forecast period 2024-2032. Moreover, the honey market size in the U.S. is projected to grow significantly, reaching an estimated value of USD 1.89 billion by 2032, driven by the growing number of beekeepers in the country, coupled with rising demand for natural sweeteners. Asia Pacific dominated the honey market with a market share of 100% in 2023.

List of Key Companies Profiled in the Report:

• Bee Maid Honey Limited (Canada)

• Comvita Limited (New Zealand)

• Capilano Honey Ltd. (Australia)

• Dabur India Ltd. (India)

• Billy Bee Honey Products (Canada)

• New Zealand Honey Co. (New Zealand)

• Barkman Honey LLC (U.S.)

• Yamada Bee Company (Japan)

• Dutch Gold Honey Inc. (U.S.)

• Golden Acres Honey (Canada)

Industry Trends:

Growing Demand for Organic Products: Consumers in developed markets such as Europe, the U.S., and Japan are increasingly opting for organic honey, reflecting a broader shift toward clean-label and natural products.

Innovation in Health and Wellness: New honey-based health products, including supplements and functional beverages—like Singapore’s “Honey Exir”—are expanding the market’s reach and appeal.

Technological Advancements: Automation in honey extraction and filtration processes is enhancing product quality and operational efficiency across the supply chain.

Post-Pandemic Health Consciousness: Increased awareness of honey’s antiviral and immune-boosting properties has led to a notable rise in consumption following the COVID-19 pandemic.

Source: https://www.fortunebusinessinsights.com/industry-reports/honey-market-100551

Segments

Buckwheat Segment to Dominate Attributable to High Nutritional Value

By type, the market is segmented into alfalfa, buckwheat, wildflower, clover, acacia, and others. The buckwheat segment is expected to dominate due to its high nutritional value.

Food & Beverage Segment to Dominate Attributable to its Increasing Applications

Based on application, the market is classified into food & beverages, personal care & cosmetics, pharmaceuticals, and others. The food & beverage segment is expected to dominate due to its increasing applications.

Bottle Segment to Lead Owing to Easy Transportation

By packaging, the market is categorized into glass jar, bottle, tub, tube, and others. The bottle segment is expected to lead the market due to its easy transportation.

Regionally, the market is clubbed into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage

The report gives an in-depth view of the leading segments and the latest trends in the market. It looks at what is driving market growth and what is hindering it, including the impact of COVID-19. It also discusses developments in various regions and the strategies used by major companies in the market.

Market Growth

The global honey market is steadily growing, driven by increasing consumer awareness of honey’s health-promoting properties, such as its antioxidant, anti-inflammatory, and antibacterial effects. As a natural alternative to refined sugars and artificial sweeteners, honey is gaining popularity, especially in the food and beverage sector. Its therapeutic qualities are also boosting demand in the cosmetics and pharmaceutical industries. Premium varieties like manuka and organic honey are seeing a surge in popularity, often fetching higher prices. Furthermore, the rise of e-commerce and global trade is helping to fuel the market’s continued expansion.

Drivers and Restraints

Rising Adoption of the Product for Natural Sweeteners Production to Foster Market Growth

Honey is widely regarded as a healthier alternative to sugar, valued for its healing properties like soothing sore throats and supporting immune health. With a growing number of consumers choosing honey as a natural sweetener, demand is projected to increase. Health-conscious lifestyles, rising incomes, and a shift toward organic products are all contributing to its growing popularity. Additionally, honey’s applications in medicine are expected to boost sales further.
However, potential changes or adulteration of the product could present challenges to sustained market growth.

Regional Insights

Rising Production of Nectar to Propel Market Growth in Asia Pacific

Asia Pacific is expected to lead the honey market due to its high production levels. In 2021, the market in this region was valued at USD 2.86 billion and is projected to capture a large share of the global market in the coming years. Government investments in beekeeping are also likely to boost market growth. For instance, in May 2020, the Indian government allocated nearly USD 68 million for beekeeping under the Atma Nirbhar Bharat initiative.

In Europe, increasing awareness of honey's health benefits is expected to drive its adoption. Changing consumer preferences and a rise in the consumption of organic products may further promote market growth.

In North America, the growing number of beekeepers in Canada and the U.S. is expected to increase product demand. Additionally, strong demand for organic products is enhancing industry growth.

Competitive Landscape

Companies Devise Novel Product Launches to Elevate Brand Image

Top companies are releasing new products to boost their brand image and increase sales. For instance, in January 2022, Tayima Foods launched I'M HONEY, an organic and raw honey in various flavors with significant medicinal benefits. This product is sold on online platforms like Amazon and is anticipated to increase Tayima's sales and expand their global reach. Moreover, companies are also focusing on mergers, partnerships, expansions, and research and development to fuel market growth.

Honey Market Outlook

• Growing demand: Global demand for honey is on the rise. Consumers are increasingly aware of the health benefits and natural muscle tone.
• Health notes: Honey is often considered a healthy alternative to refined sugar. This trend is leading more people to choose honey in their diet.
• Sustainability focus: More focus on sustainable and organic products. Beekeeping, which supports environmental health, is on the rise.
• Product innovation: New products such as fermented foods and beverages are emerging. This diversity of brands creates widespread appeal and increases sales.

KEY INDUSTRY DEVELOPMENTS:

January 2024: Apis India launched organic honey, which is made of honey sourced from organic-certified lands in India.

March 2023: Bagrrys India, a leading honey manufacturer, launched Bagrry’s Organic Wild Honey. The product is available in glass jars across all retail outlets in the country.

Market Size:

The global feed premix market was valued at USD 8.50 billion in 2018 and is projected to grow to USD 21.92 billion by 2032 , registering a CAGR of 6.99% over the forecast period. In 2018, North America led the market , accounting for 28.35% of the total share , driven by increasing demand for high-quality animal nutrition products.

The global feed premix market is expected to gain impetus from the rising demand for balanced feed products, including micronutrients and macronutrients. This information is published in a report by  Fortune Business Insights , titled, “ Feed Premix Market Size, Share & Industry Analysis, By Type (Vitamins, Minerals, Amino Acids, and Antibiotics), Livestock (Poultry, Ruminants, Swine, Aquatic Animals, and Others), and Regional Forecast, 2019-2032 .”

The report provides detailed information on the most significant factors of the global feed premix market that include market drivers, obstacles, regional analysis, key market developments, and challenges. It further contains in-depth data on prominent vendors, accurate predictions on change in buyer behavior and future trends.

List of Top Feed Premix Companies

• The Archer Daniels Midland Company
• Koninklijke DSM N.V.
• Nutreco N.V.
• Cargill, Incorporated (Provimi)
• Purina Animal Nutrition LLC
• Kemin Industries
• Land O’lakes, Inc.
• De Heus Animal Nutrition
• Alltech, Inc.
• Zinpro Corporation
• Novus International, Inc.
• Lexington Enterprises Pte. Ltd.

Source: https://www.fortunebusinessinsights.com/industry-reports/feed-premix-market-101543

Report Coverage:

Feed premix is a blend of essential nutrients such as minerals, vitamins, amino acids, and antibiotics, formulated to enhance animal nutrition. To qualify as a feed premix, at least two of these components must be present. Since micronutrients like minerals and vitamins are not naturally found in animal feed, their incorporation has become essential for optimal animal growth and health.

The feed premix market report offers both qualitative and quantitative insights, covering market size, growth trends, and segment analysis. It also provides an in-depth examination of market dynamics and the competitive landscape, highlighting key aspects such as the animal feed industry overview, health benefits of feed premixes, technological advancements, and regulatory frameworks in key regions. Additionally, the report outlines strategies adopted by market leaders, offering a comprehensive view of industry trends and company profiles, making it a valuable resource for stakeholders in the feed premix industry.

Vitamin Premix to Dominate Market Due to Rising Demand from Commercial Livestock Farms

Regarding classification, the worldwide market for feed premix is divided into four main categories: antibiotics, vitamins, amino acids, and minerals. Specifically, in 2018, the vitamin category captured 57.7% of the global feed premix market. The analysis predicts that this segment will maintain its dominant position over the next few years, thanks to its substantial market share. This is attributed to the growing demand for feed enriched with vitamins, particularly from the expanding number of commercial livestock operations, which also aids in enhancing the animals' immune systems. These elements are projected to drive the segment's expansion in the future.

Provimi Jordan Develops Technologically Advanced Animal Nutrition Premix Plant

Cargill, a privately held global corporation, based in the U.S., announced that its animal nutrition business, Provimi Jordan inaugurated an advanced animal nutrition premix plant in Jordan in April 2019. The main aim of creating the plant is to offer sustainable and safe solutions to meet the changing demand of feed producers and farmers in the Middle East. The state-of-the-art plant possesses a production capacity of approximately 65,000 metric tons of premix per year. Moreover, it features a technologically advanced whole-process barcode record management system. It aids in enhancing full-traceability from raw materials to finished products. The plant combines a team of highly skilled nutritionists with an adjacent animal nutrition lab that is resulting in the creation of a unique platform for the company to enhance sustainable farming practices.

DSM Opens its Second Premix Plant in India to Cater to the Rising Consumer Demand

In October 2018, DSM, a leading company specializing in the fields of health, nutrition, and materials, headquartered in Netherlands, unveiled its second animal nutrition and health premix plant in India. The plant is situated in Jadcherla in Mahbubnagar. DSM promised that the plant would aid in offering premix solutions for the fields of aquaculture, dairy, and poultry to fulfill the ever-increasing consumer demand in the southeastern regions of the country. Its first premix plant is located at Ambernath in Maharashtra.

INDUSTRY DEVELOPMENTS

November 2024:  ADM's innovative plant-based concepts won two awards at FoodBev's 2024 Plant-Based Taste Awards, highlighting the company's leadership in alternative protein solutions.

May 2023:  DSM and Firmenich merged to form DSM-Firmenich, creating a global leader in health, nutrition, and bioscience. This strategic move combines DSM's scientific expertise with Firmenich's fragrance and taste capabilities.

Market Size and Growth Rate

The global algae products market size was valued at USD 41.88 billion in 2024. The market is projected to grow from USD 44.39 billion in 2025 to USD 70.28 billion by 2032, exhibiting a CAGR of 6.78% during the forecast period. Asia Pacific dominated the algae products market with a market share of 53.25% in 2024.

Key Companies in the Algae Products Market

Some of the leading players driving innovation in this space include:

• Koninklijke DSM N.V. (Netherlands)
• BASF SE (Germany)a
• Cyanotech Corporation (U.S.)
• Cargill Inc. (U.S.)
• The Archer-Daniels-Midland (U.S.)
• Fuji Chemical Industries Co., Ltd. (AstaReal Co., Ltd.) (Japan)
• MiAlgae Ltd (U.S.)
• Corbion N.A. (Netherlands)
• Algenol Biotech (U.S.)
• Algae Systems, LLC (U.S.)

These companies are focusing on R&D, mergers, and strategic partnerships to enhance production capacity, improve algae strains, and develop value-added products.

What Are Algae Products?

Algae products are derived from microalgae (e.g., spirulina, chlorella, and dunaliella) and macroalgae (seaweeds like kelp and nori). These algae are cultivated in freshwater, marine, or brackish water environments and processed into various forms such as powders, capsules, oils, and extracts.

Popular algae products include:

• Spirulina and Chlorella supplements
• Algal oil (rich in Omega-3)
• Algae-based biofuels
• Hydrocolloids (e.g., agar, alginate, carrageenan)
• Cosmetic ingredients (antioxidants, anti-aging compounds)

Source: https://www.fortunebusinessinsights.com/algae-products-market-112830

Key Drivers of Market Growth

1. Nutritional Superiority

Algae are rich in proteins, vitamins, minerals, and essential fatty acids such as Omega-3 DHA and EPA . This makes them ideal for health supplements, especially in vegan and vegetarian diets , where traditional sources like fish oil are not preferred.

2. Sustainability and Environmental Benefits

Algae cultivation requires minimal land, freshwater, and fertilizers , and it actively absorbs CO₂ from the atmosphere. This makes it a climate-friendly resource compared to traditional crops or animal-based sources.

3. Growth of the Vegan and Functional Food Movement

As more consumers adopt plant-based diets , algae products like spirulina, chlorella, and seaweed are gaining popularity in smoothies, protein bars, snacks, and even dairy alternatives.

4. Cosmetic and Personal Care Applications

Algae-derived ingredients are increasingly used in skincare and personal care products for their hydrating, detoxifying, and anti-aging properties. Brands are incorporating marine ingredients into cleansers, creams, masks, and serums.

5. R&D in Biofuels and Bioplastics

Algae-based biofuels and biodegradable plastics are being explored as alternatives to fossil fuels and petroleum-based products, especially in Europe and North America where regulations encourage greener solutions.

Leading Market Segments

By Source:

Macroalgae

      Chlorophyta (Green)

      Rhodophyta (Red)

      Phaeophyta (Brown)

Microalgae

       Spirulina

       Chlorella

      Others

By Application

• Food & Beverages
• Animal Feed
• Nutraceutical & Dietary Supplements
• Others

By Region:

• North America: A mature market with strong demand in supplements and nutraceuticals.
• Europe: Focused on clean label and sustainable ingredients.
• Asia-Pacific: The fastest-growing region due to the traditional use of seaweed and government support for algae farming.
• Latin America & MEA: Emerging regions with increasing awareness and market entry.

Current Trends in the Algae Industry

• Omega-3 Fortification : Algae-sourced Omega-3 is now used in infant formula, functional foods, and heart health supplements.
• Blue-Green Algae in Beverages : Smoothies and wellness drinks are now using spirulina and chlorella for their detoxifying benefits.
• Seaweed Packaging : Biodegradable packaging made from seaweed is gaining interest as a plastic-free solution.
• Precision Fermentation : Biotech startups are using synthetic biology to create customized algae strains for pharmaceuticals and ingredients.

Challenges Facing the Market

While the growth outlook is strong, the industry also faces a few challenges:

• High Production Costs : Algae cultivation and extraction require advanced infrastructure and energy.
• Scalability : Large-scale commercial production is still in early stages for certain applications like biofuels.
• Regulatory Hurdles : Food safety regulations and labeling requirements vary across regions.

Future Outlook

The future of the algae products market is promising, especially as industries move toward sustainable, functional, and plant-based solutions . Technological advancements in algae cultivation, biotechnology, and extraction techniques will unlock new applications and improve cost efficiency. From alternative protein to eco-friendly packaging, algae are poised to play a pivotal role in the circular economy.

Key Industry Developments

• September 2024  – Two U.S. companies, Algae Cooking Club and Spotlight Foods, launched innovative cooking oils derived from microalgae, marking a significant advancement in sustainable food technology. Both companies utilize a fermentation process where microalgae are fed plant based sugars from sugarcane in large tanks, converting them into edible oil within a few days. This method is designed to minimize resource use compared to traditional vegetable oils.

Market Overview

The China food service market size was USD 454.80 billion in 2022. The market is projected to grow from USD 504.52 billion in 2023 to USD 1,061.16 billion by 2030, exhibiting a CAGR of 11.21% during the forecast period.  Fortune Business Insights™  shares this information in its report titled “ China Food Service Market, 2023-2030. ”

China is a fast-paced growing country in the food service sector owing to its consumer base capturing the majority of the share in food and beverages consumption. The usage of new technology such as using e-menus, online reservations, mobile ordering, and payment apps is projected to assist in market development. With international market players have been focusing on expanding their businesses in China, the market offers prosperous growth opportunities.

List of Key Players Profiled in the Market Report

• McDonald's (U.S.)
• Starbucks (U.S.)
• Ajisen Holding Limited (China)
• Restaurant Brands International Inc.(Canada)
• China Quanjude (Group) Co. Ltd.(China)
• Dominos (U.S.)
• KFC Corporation (U.S.)
• Yum! Brands, Inc (U.S.)
• Tim Hortons (Canada)
• Yoshinoya Holdings Co., Ltd. (Japan)

Segmentation

On the basis of type, the market is divided into full service restaurants, quick service restaurants, institutes, and others.

Report Coverage

The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.

Source: https://www.fortunebusinessinsights.com/china-food-service-market-107657

Drivers and Restraints

Increasing Demand For Prepared Food To Drive Market Enhancement

Increasing demand for prepared food is anticipated to drive China food service market growth. The demand for prepared foods has rapidly increased in China as they save time and effort for working professionals. Advantages such as Ease of use, functionality, quick delivery, and high nutritional value are propelling the growth of the market. Furthermore, the rise in demand for more premium and nutritious ready-to-eat foods made for foodies. Hence, increased consumption of prepared food drives the growth of the food service market

However, increasing preference for ethnic cuisines over international cuisines is hampering the market growth.

Competitive Landscape

Targeted Marketing Campaigns By Key Players To Drive Market Edge

In terms of the competitive landscape, the market has the presence of established and emerging food service companies. Some of the major players who hold the largest part in the China food service market share have been using targeted marketing campaigns such as the Fruit and Vegetables 100+ program launched by Yum! China with the aim to promote balanced diets and healthy lifestyles. Furthermore, the brand introduces new food items which are integrated with the traditional cuisines of a particular region. The food products offered are targeted mainly towards the local food enthusiast looking forward to enjoying new and flavorful food offerings.

Key Industry Development

• January 2022-  Starbucks partnered with China's Meituan to serve its Chinese customers to order coffee delivery using the super-app platform. The motive of the company is to expand delivery services in China.