The global feed preservatives market size is estimated to be valued at USD 4.8 billion in 2022 and is projected to reach USD 6.7 billion by 2027, recording a CAGR of 6.7% during the forecast period in terms of value. The demand for feed preservatives have been further fuelled by unpredictable crop harvest patterns over the years, which has increased the need for feed storage.

Key players in this market include BASF SE (Germany), Cargill, Inc. (US), Nutreco N.V. (Netherlands), Alltech, Inc. (US), Perstorp Holding AB (Sweden), Novus International, Inc. (US), DSM N.V. (Netherlands), Kemin Industries (US), Impextraco NV (Belgium) and Eastman Chemical Company (US).

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The key players are focusing heavily upon improving their market shares, while their newer start-ups are being established rapidly in the market. The feed preservatives market can be classified as a consolidated market as the top seven players account for more than 50% market share, at present at the global level. There are numerous local players in the form of existing and emerging companies in several countries, particularly in Asian markets.

Cargill, Inc. (US) is engaged in the manufacturing and marketing food ingredients, risk management, agricultural products, financial and industrial products, and services worldwide. The company covers 75 businesses under its four major categories: food ingredients & application, animal nutrition & protein, origination & processing, and industrial & financial services and operates in 67 countries around the globe through its subsidiaries and affiliates. The company offers a range of feed antioxidants and premixes under its Promote product line.

BASF SE (Germany) is one of the largest chemical producers on a global scale. The company operates in six business segments: chemicals, materials, industrial solutions, surface technologies, nutrition & care, and agricultural solutions. The company offers feed acidifiers which find extensive applications in feed and silage preservation. The company also has a wide geographical reach spanning across 80 countries in all the major regions namely., North America, South America, Asia Pacific, Middle East and Africa.

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The Asia Pacific region is one of the fastest-growing regions in terms of meat consumption and production. The developing economies such as China, Japan, and Malaysia, are contributing to the growing demand. High demand for meat and animal by-products, issues related to livestock infection, and other macro-economics changes such as food habits, increase in per-capita income, and rise in population are some of the factors fueling the demand for feed preservatives in the region.

The global insect pest control market size is estimated to be valued at USD 12.3 billion in 2021 and projected to reach USD 15.8 billion by 2026, recording a CAGR of 5.1% during the forecast period. The change in climate conditions is a significant factor that has contributed to the growth of the market. This is attributed to global warming, which leads to changes in the population dynamics of insects and their ecosystems, as they are found prominently in warmer climates. Simultaneously, application methods have also become easier and safer to handle through larvicides, residual sprays, ultra-low volume sprays, and baits. This is expected to be a major driver for the growth of the market.

Insect pest controls have wide application in industrial and commercial segment, residential, and livestock farming practices. The residential segment mainly requires pest control services for the containment of cockroaches, bed bugs, mosquitoes, and termites. Insect pest control is recommended for localized areas and home applications. Baits are also used for indoor and outdoor applications in residential areas.

Growing industries, commercial plazas, residential societies and livestock farming, have significantly contributed to the growth of the market in North America. The rising growth of termites, cockroaches, mosquitoes, ants, flies, and bedbugs are another factor that is expected to boost the demand for market. Due to strict rules and regulations and an increase in health-conscious consumers has led to the increased use of insect pest control services and has offered a market opportunity for market.

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In terms of control method, market is segmented into various methods, namely as, chemical, physical, and biological. Chemical control methods include chemicals of various classes such as chlorinated hydrocarbon, carbamates, organophosphates, pyrethroids, pyrroles, and neonicotinoids. These control methods are preferred globally due to instant results, availability, longer duration, and greater coverage area.

In terms of insect types, mosquito segment is projected to grow at the highest CAGR during the forecast period. Due to increases in vectored diseases, the end-consumer are demanding the mosquito control services and products in the market. The common mosquito-vectored diseases include protozoan diseases such as malaria & filarial diseases and viruses such as dengue, encephalitis, and yellow fever hampered the humans. Mosquito-borne diseases that animals are susceptible to include dog heartworm, West Nile virus (WNV) and Eastern equine encephalitis (EEE) shows the negative impact on animal health.

The global industrial hemp market size is projected to grow from USD 4.6 billion in 2019 to USD 26.6 billion by 2025, recording a compound annual growth rate (CAGR) of 34.0% during the forecast period. Rising awareness among the consumers about the benefits of industrial hemp, increasing legalization to cultivate industrial hemp across different countries, and growing application scope of industrial hemp in diverse industries such as textile, pharmaceutical, food, beverages, personal care products, construction & material, furniture, and paper is driving the market for industrial hemp.

Key industrial hemp players include Hempco (Canada), Ecofibre (Australia), Hemp Inc. (US), GenCanna (US), HempFlax BV (Netherlands), Konoplex Group (Russia), Hemp Oil Canada (Canada), BAFA (Germany), Hemp Poland (Poland), Dun Agro (Netherlands), Colorado Hemp Works (US), Canah International (Romania), South Hemp Tecno (Italy), Plains Industrial Hemp Processing (Canada), and MH Medical Hemp (Germany). Agreements, joint ventures, and partnerships were the dominant strategies adopted by major players, followed by expansion. These strategies have helped them to increase their presence in different regions.

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Hemp has been cultivated across the globe as fiber and oilseed for the production of varieties of consumer and industrial products. Industrial hemp is derived from Cannabis sativa L., which is not marijuana but is a different variety of the same species. In the 2018 farm bill (agricultural and food policy tool of the federal government), the US took several steps to legalize the production of hemp as an agricultural commodity and to remove it from the list of controlled substances; however, it cannot be grown as freely as other crops. The bill outlined actions, such as producing a plant with higher than 0.3% THC (tetrahydrocannabinol) content or cultivation of hemp without a license, which would be considered violations to the law. Furthermore, in the European region, according to the law, growers can produce hemp plants that have tetrahydrocannabinol (THC) content not exceeding 0.2%. European countries are allowed to grow industrial hemp with a THC level of less than 0.2%.

The increasing legalization of the cultivation of hemp is prompting the manufacturers and research institutions to develop new products from industrial hemp. Biofuel is one such application, which is expected to have significant growth potential in the upcoming years. With the rise in the prices of oil (diesel & petrol), along with the growing concerns about global warming, biofuels have been gaining popularity. Hemp seed extracts are used to produce hemp biodiesel, which can be used in any diesel operated vehicle. Furthermore, hemp can be used to make ethanol, which is currently processed from food crops like wheat and corn. This would result in increased efficiency of food production. Researchers from the University of Connecticut published a report in 2010 stating that hemp biodiesel has the high conversion efficiency of around 97%. Thus its application as a biofuel would save a lot of time for the production of biodiesel. Bioplastic is another product that provides an opportunity for the growth of industrial hemp. Hemp bioplastics are manufactured from the leftover of hemp seeds and CBD oil.

The industrial hemp market is segmented, based on type, into hemp fiber, hemp seed, hemp seed oil, and CBD hemp oil. The CBD hemp oil segment is projected to be the fastest-growing segment in the industrial hemp market during the forecast period. The growing application of CBD hemp oil in personal care, health supplements, and food & beverage products is expected to drive the demand for this segment. Furthermore, the numerous health benefits of CBD hemp oil make it useful to treat and prevent conditions like anxiety, depression, pain, and acne are also expected to drive the growth.

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The industrial hemp market is segmented, based on application, into food, beverages, textiles, personal care products, pharmaceuticals, and others. The textiles segment is projected to be a leading segment in the industrial hemp market. Hemp fiber is among the strongest and most durable naturally occurring textile fiber and is naturally resistant to bacteria and ultraviolet radiations. Due to its porous nature, it affects ****ter color retention than any other fabric. Additionally, it requires a lesser amount of water for cultivation, in comparison with cotton, which is mainly used in the textile industry.

The collagen market is projected to grow at a CAGR of 5.4% during the forecast period

According to MarketsandMarkets, the collagen market is estimated to be valued at USD 4.1 billion in 2021 and is projected to reach USD 5.3 billion by 2026, recording a CAGR of 5.4%, in terms of value. The burgeoning popularity of anti-aging products is working in favor of the market. In addition, growing health issues among the geriatric population associated with muscle pain and aging require using the product to meet nutritional deficiencies. Busy lifestyles have driven the food manufacturing industry to produce new products that could meet the rise in demand from consumers, which, in turn, fuels the overall collagen market. International trade of these products has gained prominence with their increasing demand, complemented by improved transportation facilities.

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Leading players profiled in this report include the following:

• Gelita AG (Germany)
• Nitta Gelatin, Inc. (US)
• Weishardt (France)
• Darling Ingredients (US)
• Nippi Inc. (Japan)
• Vinh Hoan Corporation (Vietnam)
• Junca Gelatines, S.L. (Spain)

By source, the bovine segment is projected to account for the largest market share in the market during the forecast period

Based on source, the bovine segment is projected to account for the largest market share in the market during the forecast period. Collagen from bovine is high in protein content and high-water solubility and has low molecular weight. As a result, manufacturers are increasing its usage in the food & beverage industry to offer more nutritious products to their consumers. Nowadays, bovine collagen supplements that are derived from cow hides are highly available in stores.

The global compound feed market size is valued at USD 521.3 billion in 2022 and is projected to reach USD 641.2 billion by 2027, recording a CAGR of 4.2%, in terms of value during the forecast period. The demand for compound feed has been increasing due to the increase in livestock rearing, growing demand for meat & dairy products, and increasing awareness regarding animal health & diseases.

Key players in this 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).

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Based on ingredients, the cereals segments includes cereal grains and distiller dried grains with soluble, which are used to fulfill the nutritional requirement of the livestock. The consumption of cereals also depends on the cost and availability of the different cereals; for instance, in a few parts of the US and China, wheat replaces corn as the main ingredient used in poultry feed whereas, in Australia, sorghum is the main grain used in animal feed during the summer season, instead of wheat. Thus, the types and quantity of cereal grains used in farm animal diets depend on their current costs.

Based on source, the plant-based segment is projected to account for the largest market share in the compound feed market. Some of the reasons boosting the growth of this category are the increasing demand for sustainable and environmentally friendly products and easy availability. Most of the players in the market provide plant-based products considering the demand from the end-users. It is less resource-intensive and has ****ter nutritional aspects. Most products available in the market are currently sourced from a plant, and it has its increased application in ruminant nutrition.

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Based on livestock, the poultry segment is projected to account for the largest share in the compound feed market. The increase in demand for poultry by-products drives the demand for healthy and quality poultry birds and thereby the demand for compound feed. Poultry is considered a universal food due to which the livestock are domesticated for commercial purposes, thus increasing the demand for compound feed.

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. High demand for meat and animal by-products, issues related to livestock diseases, rising demand for processed food, and increasing disposable income are some of the factors contributing to the rising demand for compound feed in the region.