Market Research

 A CAGR of 4.71% is predicted for the global lucerne seed market. The number of animals is growing in all the regions. The area covered by forages must be increased to accommodate the growing population of animals. These are a few of the main drivers of the hybrid and open-pollinated seed market's expansion. Due to growing use of hybrid types as a result of increased knowledge of their advantages, the hybrid segment dominates the market for lucerne seeds. Due to the rise in the rate of seed replacement and the availability of enhanced varieties in the market, the hybrid seed market share value is anticipated to grow by 36% between 2022 and 2028. In the upcoming years, the market for hybrid lucerne seed is anticipated to rise as growers accept sophisticated hybrid technology more and more. This technology includes drought tolerance and disease resistance. For instance, due to high-quality output and greater protection from weeds and illnesses than open-pollinated types, the area of ...

 A CAGR of 4.14% is predicted for the global oilseed market (seed for sowing). Because hybrid seeds are more tolerant of drought, have a wider range of adaptability to various regions and weather conditions, and can be used to grow high-quality oil crops, hybrid seeds had a larger market share in 2022 than open-pollinated seed varieties. Due to the European Union's restriction on transgenic crops and rising public awareness of the advantages of eating non-GMO food, the non-transgenic hybrid oilseed market share was about 47.8% of the hybrid oilseed market globally in 2022. Between 2022 and 2028, soybean is anticipated to hold the highest position in the hybrid market since the crop offers growers a better return due to increased oil prices. The soybean crop has a high oil content, and transgenic oil crops are not grown in Europe or Africa. Due to changes in government policies in the Asia-Pacific area, the region is anticipated to expand the quickest in terms of the usage of herbic...

 The CAGR for the Asia-Pacific Vegetable Seed Market is anticipated to be 4.68%. Hybrid seeds led the market in Asia-Pacific in terms of volume and price in 2021, accounting for 70.4% of all vegetable seed sales. Between 2016 and 2021, the market for hybrid vegetable seeds grew to 34%, largely as a result of the widespread use of hybrid seed varieties in developed nations like Bangladesh, China, and India. Solanaceous and cucurbitaceous vegetables made up a significant portion of the hybrid vegetable seeds, accounting for close to 55% of the overall hybrid vegetable value in the area. The main causes of this significant contribution were an increase in the pace of seed replacement and growing knowledge of the region's high-yielding varieties.​​ In terms of value, China and India accounted for 54.7% of the market for open-pollinated varieties in the Asia-Pacific region. For low-income farmers, open-pollinated varieties are more economical and require fewer inputs, such as fertiliser...

A CAGR of 5.26% is predicted for the military aviation market. Because more nations, including the United States, Germany, India, Australia, the United Arab Emirates, and China, are purchasing next-generation combat aircraft, the fixed-wing aircraft segment is anticipated to grow more rapidly during the forecast period. The military forces' ambitions to replace their ageing aircraft fleet with fighter jets, large transport aircraft, and special-mission aircraft are also anticipated to have a significant impact on the military aviation sector as a whole. Multi-mission helicopters are predicted to experience the largest growth in the helicopter market over the projected period. The majority of nations intend to buy multi-mission helicopters to improve their fighting prowess. In order to improve their fighting capabilities, nations like India, Kuwait, Qatar, Australia, Russia, and the United Arab Emirates have raised their military spending, which is being driven by the rise in politi...

 A CAGR of -3.69% is predicted for the Australian aviation market. According to projections, the Australian economy will get a GDP contribution from the aviation sector, which consists of airlines and its supply chain, of about USD 39 billion yearly. More than 2% of the nation's GDP is supported overall by inputs to the aviation industry and international travellers who go by air. In 2020, deliveries in aviation as a whole decreased by almost 50%. Due to the shutdown, the OEMs ran into complications with transportation and a halt in manufacturing that affected the supply chain. The total delivery of business jet, helicopter, piston, and turboprop aircraft increased by almost 49% between 2019 and 2021 in the general aviation sector. The general aviation industry is anticipated to grow as a result of factors like the rising proportion of HNWIs, training facilities, and the country's growing fleet of charter operators. Defence spending in the nation increased by almost 16% between...

The market for speciality fertilisers in Europe is anticipated to grow at a CAGR of 4.47%. The market for controlled-release fertilisers in Europe increased significantly during the study period by 44.67%, and in 2021, polymer-coated CRF held the majority share of 57.7% among all other coatings. During the study period, the value of polymer-coated controlled-release fertiliser increased by 44.03% while the volume increased by 1.58%. The main fertiliser used in the region is sulfur-coated fertiliser, a slow-release fertiliser, and it was responsible for 25.7% of the market's increase during the study period. In 2021, complex fertilisers made up 21.8% of the market under investigation by type, while straight fertilisers made up 78.08%. Most secondary macronutrient applications in the area employ water-soluble fertilisers. In Europe, water-soluble fertilisers make up about 35.7% of all micronutrient fertilisers and 6.4% of all secondary macronutrient fertilisers. Liquid fertilisers ma...

 The market for micronutrient fertilisers in North America is anticipated to grow at a CAGR of 7.38%. Micronutrients are crucial for plant growth and are crucial for a well-balanced crop diet. The growth of plants may be hampered by a deficiency of any of the micronutrients. Plants need trace amounts of micronutrients like boron, copper, manganese, zinc, and cobalt, which are found in micronutrient fertilisers. Due to the COVID-19 pandemic, the value of micronutrient fertiliser decreased in 2020. Shipments were impacted during the initial lockdown phase as a result of a labour shortage and the closure of a few fertiliser factories that were housed in integrated chemical complexes. By 2021, though, things had stabilised and production rates for all fertilisers had grown. By crop category, field crops had the biggest consumption volume in 2021, at 123.9 thousand metric tonnes and USD 375.0 million. This was due to the fact that about 95% of the region's agricultural land is used for ...

A CAGR of 5.38% is predicted for the global urea market. In general, field crops need more nitrogen than other kinds of crops. More than 95.0% of all agricultural land is used for field crop cultivation, which dominates the agricultural landscape globally. The most significant field crops in the world are rice, wheat, and maize, which occupy around 38.0% of all agricultural acreage. Field crops dominate the global urea market, making up around 86.1% of the estimated $39.27 billion market value in 2021. The field crop market is dominated by the Asia-Pacific region. About 10.7% of the market value of urea fertilisers, or about USD 4.96 billion in 2021, went to horticultural crops. Fruits and vegetables are in higher demand than ever, especially in light of the pandemic. Due to the extensive horticultural crop cultivation in the region, the Asia-Pacific region dominates the global urea fertiliser market. Turf and decorative crop urea fertiliser sales are dominated by North America. Turf a...

The market for fertilisers is anticipated to grow at a CAGR of 5.83%.  Field crops led the global fertilisers market in 2021, accounting for 82.1% of the market's total value, or over USD 157.14 billion. Over 95.0% of all agricultural land in the world is used for field crop cultivation, making it the most common type of production. The three main field crops grown worldwide are rice, wheat, and maize, which together occupy around 38.0% of the world's agricultural area. About 12.7% of the global fertiliser market's value is made up of horticultural crops. Production of horticultural crops predominates in developing nations, especially in the Asia-Pacific region. The Asia-Pacific region largely dominates the world's horticultural fertiliser market because there are 137.66 million hectares of land used for horticultural cultivation, or around 73.0% of the world's total horticultural cultivation area. Asia-Pacific is the world leader in the production of both field and...

 The market for speciality fertilisers in India is anticipated to grow at a 6.97% CAGR. Despite a notable 52.9% growth in consumption over the course of the study, the market value for controlled-release fertilisers in India has decreased. This is mostly due to the Indian government's requirement that all domestic urea companies create 100% neem-coated urea and provide it to farmers at a reduced cost. In India, the speciality fertilisers market accounted for 41.9% of liquid fertilisers in 2021. The largest portion of the liquid fertiliser market, or 69.2%, was made up of straight fertilisers.  In 2021, the value of the speciality fertiliser market for slow-release fertilisers was 1.7% of the total. Field crops and horticultural crops accounted for 75.8% and 24.1% of the market volume for slow-release fertilisers in 2021, respectively. The country's intense field crop and horticultural crop production is expected to fuel the slow-release fertiliser market. Water-soluble fertili...

The market for speciality fertilisers in Russia is anticipated to grow at a CAGR of 3.93%. With a volume of 1.4 million metric tonnes, the water-soluble fertiliser market in Russia was valued at USD 935.6 million in 2021. In 2021, water-soluble fertilisers held a share of 55.0% and were the most widely used speciality fertilisers. Due to a disparity in price between liquid and water-soluble fertilisers in the nation, water-soluble fertilisers held a share of 54.0% in terms of value in the same year. When compared to water-soluble DAP fertiliser in the same year, the price of liquid diammonium phosphate (DAP) in Russia was estimated to be USD 4,775.0 per metric tonne in 2022. With an 8.0% share of the entire liquid fertiliser industry in Europe, Russia is the second-largest consumer of liquid fertilisers in the area. In 2021, the nation used liquid fertilisers worth USD 740.6 million, or 1.1 million metric tonnes. Throughout the study period, the controlled-release fertiliser market exp...

 The market for electric vehicles in South America is anticipated to grow at a 6.98% CAGR. Sales of electric passenger cars have increased dramatically in recent years as a result of the rise in electric mobility. The largest segment by vehicle type is commercial vehicles. People are switching to greener vehicles as a result of the ongoing rise in fuel prices. The transportation industry in South America has a significant potential for e-mobility, and government efforts in the form of rebates and subsidies are encouraging electric buses there. The fastest-growing Segment by Vehicle Type is Light Commercial Vans. The largest segment by fuel type is BEV, which has been produced by numerous OEMs all across South America as a result of rising petrol and diesel prices.  Major Players:  Audi AG, Hyundai Motor Company, Nissan Motor Company Ltd, Toyota Motor Co. and Volkswagen AG   Read The Full Market Report

 The CAGR for the global bus market is predicted to be 6.42%. A significant amount of any vehicle's operating costs are related to the price of fuel. The total cost of ownership and other up-front costs are reduced when an electric bus is used for public transportation. The overall cost of operational expenses is increased by the growing price of petrol. By 2030, it's expected that electric buses would cost the same as diesel ones. Electric buses can save between 81 and 83 percent on maintenance and operating costs when compared to diesel-powered buses. A normal diesel transit vehicle costs USD 500,000, whereas an electric bus costs USD 750.000. Electric buses are a cost-effective substitute in spite of their higher starting expenses. Because they require less maintenance and fuel and have higher cost predictability due to the relative stability of electricity prices compared to fossil fuel prices, they offer lower operating costs that add up to substantial savings over the cou...

 The market for electric vehicles in the UK is anticipated to grow at a CAGR of 23.76%.  HEV is the fuel type with the biggest market share in the UK. The primary driver of the growth is increased use of petrol engines with electric benefits in various vehicles, including passenger automobiles and commercial vehicles. Commercial vehicles make up the largest segment by vehicle type: Due to the growing demand for passenger vehicles and the limited selection of alternative electric vehicle models in the UK, the passenger vehicle segment accounts for the majority of EV sales there. Major Players:  Audi AG, BMW AG, Renault Group, Tesla Inc. and Volkswagen AG   Read The Full Market Report

 The market for electric vehicles in Mexico is anticipated to grow at a CAGR of 6.20%. With the entry of numerous models into the US market in 2016, the demand for electric vehicles rapidly increased. The entry of big brands like Tesla's sedan models into the US electric industry has significantly impacted sales. Hatchbacks and sedans were the first vehicles produced by companies during this era. Following the impact of COVID-19 in 2021, many OEMs were considering expanding their production capacity in order to meet the market's growing demand for electric vehicles.  The Mexican government has been compelled to look into alternative technologies to enhance urban transport because of concerns about traffic and pollution. Customers in Mexico are purchasing more hybrid and electric cars, which normally produce no pollution. Due to the Mexican government's announcement that it would ban internal combustion engines and solely allow the sale of electric vehicles starting in 2035,...

 During the forecast period, the North American business jet market is anticipated to grow at a CAGR of 2.11%. The COVID-19 pandemic had an impact on business jet deliveries overall, and the sector's growth between 2019 and 2021 fell by 14% as a result. The region's use and acquisition of business jets was impacted by the decline in economic activity and travel restrictions. However, the business jets market in North America started to become more flexible as the pandemic limitations lifted and aircraft manufacture resumed in 2021. Approximately 66% of all business jet deliveries worldwide occurred in the North American region in 2021, making it the world's largest general aviation market. With more than 52% of all jet deliveries in the North American region in 2021, the light jet category had the biggest proportion of all jets. Following the epidemic, there was a spike in business travel flight hours, which led to a strong demand for business jets in the area. The light je...

 The CAGR for the UK military aviation market is predicted to be -0.82%. The United Kingdom plans to modernise its armed forces by acquiring cutting-edge military platforms in order to be ready for future threats, according to the recently issued Defence Equipment Plan for 2021-2031. The nation intends to invest USD 321 billion in the purchase and maintenance of equipment over the ensuing ten years, starting in 2021. To accomplish this, the nation is giving its military a substantial amount of funding. Out of all government spending, the defence budget for 2021 was USD 68.37 billion, an increase of 13% over 2020.  Increased military investment in the UK is motivating the purchase of modern aircraft, which could improve aviation capabilities. In addition, the United Kingdom placed a Future Combat Air System order for 123 fixed-wing aircraft, including 114 F-35B combat aircraft, to replace the nation's Eurofighter Typhoon fleet. Additionally, the nation bought three E-7A special...

 The CAGR for the market for military helicopters worldwide is predicted to be -0.65%. Growing military conflict, terrorism, border conflicts, territory breaches, and infractions are driving the demand for rotorcraft. To acquire a military edge over adversaries, the regional armed forces are also modernising the capabilities of helicopters. The highest CAGR is anticipated for multi-mission helicopters during the projection period. Helicopters with dual missions can be employed for anti-tank operations to destroy enemy armour as well as close air support for ground troops. During the projected period, China, Japan, and India are anticipated to buy the majority of the helicopters in the Asia-Pacific region. Among the purchases are Japan's acquisition of 150 Bell 412 helicopters and China's plan to buy 500 Russian Mi-17 helicopters by the year 2039. India plans to purchase around 102 helicopters, comprising 24 MH-60Rs, 34 Dhruv ALHs, 26 SA-315s, 12 Dornier 228s, and 6 AH-64Es.  T...

  The market for acrylic adhesives in the Asia-Pacific region is anticipated to grow at a CAGR of 6.79%. Due to their numerous uses in the construction sector, including bonding, weather-sealing, waterproofing, and crack sealing, acrylic adhesives are very common. With a CAGR of 5% for acrylic construction adhesive consumption from 2022 to 2028, China is the Asia-Pacific nation that will expand the fastest. Due to increased construction production, which reached USD 4.6 trillion in value in 2021, representing a 10% increase over the previous year, the nation experienced the biggest demand for acrylic adhesives used in the building and construction industry. Because they can be applied to surfaces including glass, metal, plastic, and painted surfaces, as well as because they are durable, long-lasting, and extremely weather-resistant, acrylic adhesives are also frequently employed in the automotive sector. It is essential for ASEAN countries to create an EV ecosystem in emerging Asia...

  The market for epoxy adhesive in Europe is anticipated to grow at a CAGR of 6.51%. Epoxy adhesives are thermosetting resins that exhibit strong properties and little shrinkage while curing. These adhesives are durable and resistant to chemicals and the effects of the environment. Epoxy adhesives also provide exceptional electrical insulation, superior solvent resistance, and excellent adherence to a variety of substrates.  Epoxy glue consumption decreased by 12% in 2020 compared to 2019, primarily as a result of COVID-19's negative effects in various nations, including Germany, Italy, France, and the United Kingdom. Due to supply chain disruptions, lockdowns, and economic downturn, production in these nations was affected, which also led to a decrease in the demand for epoxy adhesives.  Following France and Russia in market share for epoxy adhesives in the area, Germany has the biggest share at around 21%. Due to the construction and automotive industries' steady growth...

 A CAGR of 5.90% is anticipated for the construction adhesives and sealants market in the United States. Resins give the adhesives that can be used in particular applications the necessary physical and chemical qualities, such as heat resistance, UV resistance, and tensile strength. From 5.6 billion square feet in 2021 to 5.8 billion in 2022, new building is anticipated to increase.  Due to the economic recovery, regularisation of raw material supply, and reopening of production facilities in the United States, which the COVID-19 epidemic disrupted in 2020, the construction adhesives and sealants had a sudden growth of 5.12% in volume in 2021. Lockdowns around the nation during the epidemic led to the closure of manufacturing plants and a drop in glue usage. Among the various resins that make up these adhesives, polyurethane and acrylic resin-based adhesives are frequently employed in building applications. These adhesives, which go by the name of structural adhesives, have hi...

 The market for sealants in Thailand is anticipated to grow at a CAGR of 5.32%. Due to the numerous applications of sealants in building and construction, including waterproofing, weather-sealing, crack-sealing, and joint-sealing, the construction industry dominates the Thai sealants market, followed by other end-user industries. Construction sealants are also made to be long-lasting and simple to apply on many substrates. The construction sector is expected to develop significantly as a result of rising investment in residential construction, which is anticipated to increase the demand for sealants in the future years. In 2021, the construction sector contributed THB 439.13 billion to the nation's GDP.\ The market for sealants in Thailand is expected to be dominated by electronics and electrical equipment, with the other end-user industries sector expected to hold the second-highest share in terms of value and volume. When making electrical equipment, several sealants are applied ...

 The market for sealants in China is anticipated to grow at a CAGR of 7.04%. Due to the numerous ways sealants are used in building and construction projects, including waterproofing, crack sealing, and joint sealing, the construction sector dominates the China sealants market, followed by other end-user industries. Construction sealants are also made to be long-lasting and simple to apply on many substrates. Despite supply chain disruption and production halts brought on by COVID-19's effects, the construction industry nonetheless managed to attain a GDP of 6.9% in 2020. When making electrical equipment, a variety of sealants are applied for potting and protective purposes. They are applied to cables, sensors, and other things. Due to the extensive presence of the manufacturing ecosystem and the large labour pool, the Chinese electronics market, which had a 41% worldwide market share in 2020, is expected to continue growing. In turn, this will increase demand for sealants among th...

 The market for sealants in Mexico is anticipated to grow at a CAGR of 7.03%. Due to their numerous uses in the building sector in Mexico, including waterproofing, weatherproofing, crack sealing, and joint sealing, sealants are widely employed. Due to supportive government programmes like the National Development Plan, the demand for sealants is expected to increase over the next few years. The Mexican construction industry is predicted to rise by 3.1% by 2025. Mexico's healthcare sector has experienced rapid expansion in recent years. Healthcare spending as a percentage of GDP increased from 5.4% in 2019 to 6.2% in 2020. Sealants have many uses in the healthcare industry, including the assembly and sealing of medical device parts. Due to the fact that sealants may be applied to a variety of substrates, including glass, metal, plastic, and painted surfaces, the automotive industry also owns a sizable portion of the sealants market. Gaskets for cars and engines are the main uses for...

 The market for adhesives in Brazil is anticipated to grow at a CAGR of 5.30%. In South America, Brazil has the highest glue usage rate. Adhesives are extensively used in the building, packaging, and other industries. Among the top consumers of adhesive in the nation are Volkswagen, Golabalpack, and MPD. The most significant end-user sector for adhesives is the packaging sector, which accounts for USD 614.4 million of the nation's total adhesives market. Top water-based technical adhesives are frequently used in packaging labelling applications to provide a bond between substrates made of plastic, metal, and paper. The least expensive type of adhesives is water-borne, which costs only half as much.\ Construction activity in Brazil directly affects the demand for construction adhesives and sealants there. Construction in Brazil was restricted until 2019 due to the delayed recovery from the 2015 recession and the unpredictability of the country's macroeconomic policy environment....

  The market for military helicopters in Europe is anticipated to grow at a CAGR of 15.91%. An increase in military conflict, terrorism, border conflicts, territory breach, and violation are driving the demand for rotorcraft. The regional armed forces are also enhancing the capabilities of helicopters with cutting-edge technology to acquire a military advantage over the adversary.  The region as a whole is being encouraged to spend at least 2% of their GDP, which is a NATO benchmark, on their military due to the ongoing tensions between Russia and Ukraine. As a result, the nations are choosing to buy cutting-edge helicopters to effectively repel threats. In Europe, there are now 3,363 helicopters in use. Russia has the most helicopters in the area, with 1,632 helicopter operating troops. Following Russia, France and Italy each have operational fleets of 478 and 435 helicopters. The highest CAGR is anticipated for multi-mission helicopters during the projection period. Helicopt...

 The market for adhesives in Mexico is anticipated to grow at a CAGR of 6.68%. Adhesives play a crucial role in bonding plastics, metals, and paper & cardboard packaging applications, which explains why the country's packaging industry consumes a lot of them. Due to their lower cost and strong bonding capacity, which is needed in various applications, waterborne adhesives are widely used in the industry. It is estimated that the nation's packaging industry will use close to 77 thousand tonnes of water-borne adhesives in 2021. Due to their many uses in the building industry in Mexico, including the assembly of prefabricated blocks, roofing, plumbing, and flooring, adhesives are widely used. Due to advantageous government policies, such as the National Development Plan, which will drive the need for construction adhesives in the upcoming years, the Mexican construction industry is predicted to rise by 3.1% by 2025. In recent years, the healthcare sector in Mexico has experien...

  The estimated CAGR for the United Kingdom adhesives market is 6.38%. Adhesives are crucial for bonding and connecting the numerous substrates used in different sectors. These adhesives aid manufacturers in reducing the weight of their parts and assemblies and in accurately, swiftly, and easily forming the joints. Consumption fell by 10.57% in 2020 as a result of the COVID-19 pandemic, compared to 2019. The greatest consumer of adhesives is the packaging industry, which needed 144,451 tonnes of adhesives in 2021, a 6% increase from 2020. In the UK, flexible packaging has seen significant expansion.  One of the main sectors in which adhesives are used in the nation is healthcare. The National Health Service (NHS) is the largest buyer of medical supplies in the UK. Each year, the National Health Service (NHS) spends over $25 billion on medical supplies and services. 84% of people are served by NHS England. During the projected period, it is predicted that the country's rising h...

 The market for automotive adhesives and sealants in the Middle East and Africa is anticipated to grow at a CAGR of 6.88%. The demand for automotive adhesives and sealants has increased as a result of the expansion of the Middle East and African automotive industries. Major African nations saw an increase in automobile manufacturing, including South Africa, which contributed 0.58% of the world's vehicles in 2020 and is anticipated to climb significantly due to the launch and demand for electric vehicles in the projected period 2022–2028. Over the projection period of 2022–2028, this trend is anticipated to increase demand for adhesives and sealants needed for the production of automobiles.   The major automotive companies in the Middle East & Africa, such as Hyundai, are working on making the vehicles light in weight so as to improve fuel efficiency and as cost-cutting measures. To achieve this, automotive adhesives and sealants are used to replace bulkier metallic fr...

The market for construction adhesives and sealants in the Asia-Pacific region is anticipated to grow at a CAGR of 7.07%. The most popular adhesives and sealants over the historical period, 2017–2021, and base year, 2021, are those based on polyurethane and acrylic resin. Due to their capacity to form strong bindings and be utilised as structural adhesives, they are anticipated to be the most popular resin types during the forecast period. In Asia-Pacific, 49% of acrylic-based construction adhesives were produced using water-borne technology in 2021, whereas sealant technology was mostly used to produce polyurethane-based goods. Global demand for building adhesives and sealants was dominated by China. The demand coming from China in 2021 was 1.2 billion kilogrammes, and by 2028, it is anticipated to increase by 6.9% CAGR to 1.8 billion kilogrammes. More than 50% of the overall demand created by the Chinese construction sector is anticipated to be satisfied by polyurethane, acrylic, and ...

  According to projections, the Saudi Arabian Sealants Market will grow at a CAGR of 5.58%. Due to the numerous uses of sealants in building and construction, including waterproofing, weather sealing, crack sealing, and joint sealing, the construction industry predominates the Saudi Arabian sealants market. Construction sealants are also made to be long-lasting and simple to apply on many substrates. The nation's economy heavily depends on the building sector. However, due to the COVID-19 pandemic, the ensuing limitations, and the lack of raw materials, construction activities decreased in 2020. This contributed to an increase in the demand for sealants across the nation in 2021 when construction activities were largely restored. The electronics industry dominates the other end-user industries segment due to sealants' varied applications in the electronics and electrical equipment manufacturing industry for potting and protecting materials. Other end-user industries segment inc...

  Over the next five years, the Middle East poultry meat market is anticipated to grow at a CAGR of 4.8%. The Middle Eastern poultry meat business expanded significantly as a result of rising traveller numbers, a thriving restaurant sector, shifting customer preferences, and sophisticated retail distribution systems. The number of working women also has a favourable effect on the food business, especially in terms of the demand for ready-to-eat and ready-to-cook items.  In households where both partners work outside the home, packaged food products are growing increasingly popular, especially those that are convenient to prepare and have a longer shelf life. One excellent example of such a product is poultry meat, which is well-known for its adaptability, affordability, and nutritional content.  Convenience, together with rising disposable income and an increase in the proportion of working women, are the main factors influencing the expansion of processed poultry meat co...

  The market for meat substitutes worldwide is anticipated to grow at a CAGR of 10.85%. The most popular meat alternative consumed globally is textured vegetable protein. From 2016 to 2021, the sales value of TVP increased by 34.44%. Food producers are increasingly using TVP, which is primarily made from soy, wheat, and peas, as a practical and wholesome meat substitute. ADM, Cargill, Ingredion Incorporated, and Kerry Group PLC are a few of the leading producers of TVP. To expand their market share, major firms are collaborating with producers of meat alternatives like Beyond Meat, Impossible Foods, Eat Just, and Quorn. When compared to 2019, the consumption of meat alternatives increased by 11.96% in 2020. Although the pandemic had a negative economic impact, meat substitute use has grown over time. Because consumers were looking for healthier options after the COVID-19 epidemic, meat substitute manufacturers reported record-breaking sales. Consumers stocked up on food items with ...

 The market for edible meat worldwide is anticipated to grow at a CAGR of 1.57%. The consumption of pork, which had the highest growth rate in terms of value in the base year 2021 and is also expected to have a CAGR of 2.29% during the forecast period, is what drives the global edible meat market. With a market share of 70.3% by value in 2021, the Asia Pacific region will continue to dominate pork consumption. In Asian nations, pork is regarded as a basic food, and people typically prefer fresh pork to frozen and processed pork. Future demand for fresh pork is projected to be further boosted by the significant catering industries in China, Japan, and Australia. Additionally, from 218 to 2021, there was a sharp rise in poultry consumption worldwide, with a growth rate of 18%. The demand for poultry is being driven by the shift in worldwide consumer consumption habits towards wholesome foods. With a share of 20% in terms of value in 2021, North America will rank as the second-largest...

  The market for edible meat in North America is anticipated to grow at a CAGR of 0.86%. Beef, which had the greatest value growth rate in 2021 and is predicted to have a CAGR of 8.82% during the projected period, dominates the North American edible meat market. The consumption habits of US consumers have changed, with 28% of consumers planning to buy meat that is nourishing and healthy in 2021. Sales of grass-fed beef grew substantially more quickly during the COVID-19 epidemic, increasing by 45% in value from 2020 to 2021. Higher pricing have coincided with a decline in sheep and lamb output, which has led to higher production costs. The cost of production is 20% more than that of any other meat in the area. Consumption of sheep and lamb declined due to supply shortages and high pricing, which also stunted the animals' growth. Pork is the meat type that is predicted to expand the fastest in the North American region over the projection period, with a CAGR of 0.85%. Pork consumpti...

  The market for canned and frozen seafood in North America is anticipated to grow at a CAGR of 1.12%. With a value rise of 5.98% in 2021 over the prior year, the segment of frozen/canned fish held the largest market share. The expanding demand for convenience foods, such as ready-to-eat (RTE) and ready-to-cook (RTC) items, and rising consumer health consciousness are the main factors affecting the North American market for frozen fish products. Market value for canned and frozen fish increased by 38.75% between 2016 and 2021. The demand for simple-to-prepare and simple-to-consume food is rising as a result of busy lifestyles, expanding urbanization, and high disposable incomes. The demand for premium fish and seafood from sustainable sources is increasing at an astounding rate. Over 36% of all seafood consumed in North America is fish that has been frozen or canned. Since seafood is perishable, it needs to be handled carefully as soon as it is taken out of the ocean. As a result, ...

 The market for tofu in the United States is anticipated to grow at a CAGR of 11.14%. In terms of distribution channels, the off-trade segment dominates the US tofu market, holding a 43% market share advantage over the on-trade segment. Supermarkets and hypermarkets will hold the largest market share (68% by value) among the off-trade categories of the US tofu market in 2022. Supermarkets are a great place to shop because they offer a variety of tofu-based items in large quantities to meet client needs. Since the epidemic, more people prefer to buy tofu products from one-stop shops. The fastest-growing distribution channel in the US tofu market is anticipated to be the online channel in the off-trade distribution channel, with a CAGR of 15.49% predicted for the forecast period of 2022–2028. Manufacturers developed their digital presence through e-commerce along with consumer adoption of technology, providing B2C and B2B services as well as a variety of tofu options. The industry is...

The CAGR for the Asia-Pacific Poultry Meat Market is predicted to be 1.19 %. While the volume of chicken meat sales climbed by 8.52% from the year before, the value of poultry meat sales in the Asia-Pacific area increased by 12.14% in 2019. China held a 44% market share in the Asia-Pacific area in terms of value for poultry meat in 2021. In 2018, the impact of the African Swine Fever (ASF) on pork caused people to eat more poultry meat. Brazil, Thailand, Poland, Russia, and other imports all saw a 32% increase in 2019 compared to 2018, which contributed to lower poultry prices and greater supply. As a result, poultry meat became more widely available through restaurants, other off-trade channels, and other distribution methods. The off-trade channel is anticipated to experience the quickest growth during the projection period among the sub-segments for chicken meat sales in the Asia-Pacific region. During the projection period, it is anticipated to see a CAGR of 1.76% in terms of value...

 The market for meat substitutes in the US is anticipated to grow at a CAGR of 9.83%. With a CAGR of 4.49% from 2016 to 2021, the sales of meat alternatives in the US have significantly increased in recent years. Sales growth is mostly attributable to increased public awareness of the health risks associated with meat eating and the expanding availability of plant-based protein substitutes at most distribution centres across the nation. The market's tempeh sector was the fastest-growing, with a CAGR of 11.42% anticipated throughout the forecast period. During the study period, textured vegetable protein was the most popular meat alternative in the US. While TVP has long been a component of both animal- and plant-based food items, it has recently emerged as the preferred ingredient among producers of meat substitutes. With its sales increasing by 10.71% from 2019 to 2021, TVP was shielded from the pandemic's disruption by the expanding demand for it. TVP's market value in th...

  According to projections, the Asia-Pacific Seafood Market will grow at a CAGR of 1.39%. In 2022, the fish type sector had a market share that was 68.4% higher than prawns and 61% higher than any other category of seafood. The value of the fish type segment increased by 21.2% between 2016 and 2021, primarily as a result of population growth, which increased consumer demand for fish due to its lower price compared to prawns and other seafood. Each person eaten twice as much fish in 2022 as they did on average fifty years earlier. In Asia-Pacific, prawn consumption is anticipated to expand at the quickest rate, with a CAGR of 2.07% by value between 2022 and 2028. Around 60% of all prawn sales in the Asia-Pacific area were made in China. After the pandemic, the number of HRI players, such as restaurants, increased by 1.2% from 2021 to 9.7 million restaurants in 2022. In the Asia-Pacific area, restaurants are luring customers by changing their menus to include items like prawns and a ...

 The CAGR for the Asia-Pacific Red Meat Market is anticipated to be 2.17%. Pork meat, which retained a 32.10% larger market share than chicken meat, the second-largest meat type consumed in 2021, throughout the study period, dominated the Asia-Pacific red meat regional market segment. During the projected period (2022-2028), it is also anticipated to expand the fastest, with a CAGR of 2.88%. Its rising production rate can be used as a major justification for this. With a share of 46.8% by value in 2021, it was the meat kind that was produced the most in the area, and it is projected that it will be the meat type that is produced the most over the projection period. The top three countries in the region for per capita pork consumption are China, Australia, and Japan. Pork is a meat that is traditionally associated with Chinese culture and is viewed as being healthful. Pork production in China, which was over 55 million metric tonnes in 2021, was also the highest. Mutton is expected ...

  The market for architectural coatings in Australia is anticipated to grow at a CAGR of 2.81%. Since 2016, the growth rate of architectural coatings in Australia and New Zealand has been inconsistent. In the same year, the consumption of commercial architectural paints and coatings increased by 23%, but the segment had a growth of -0.50% the following year. The increase in sales from the DIY market, which was impacted by COVID's increased home remodeling activities, is responsible for the growth seen in 2020. The region's residential sector held the highest share, which oscillates around 63.5%. This has enabled the total architectural paint and coatings consumption to witness a CAGR of 2.10% in 2016-2021, even though both residential and commercial sectors have observed a few negative growth rate years in the said period. The commercial sector's share in the region of Australia and New Zealand, is expected to increase during the forecast period, as the region is attracting...

 The market for architectural coatings in Japan is anticipated to grow at a CAGR of 1.92%. Until seeing a jump again in 2020, the growth rate of architectural coatings in Japan had been declining since 2016. The increase in sales from the DIY market, which was impacted by COVID's increased home remodelling activities, is responsible for the growth seen in 2020. The Japanese housing structures also call for more paint because they have various requirements because their house styles are so dissimilar from those of the rest of the world. The residential sector in Japan, which fluctuates around 80%, owned the largest share. This has allowed the overall consumption of architectural paint and coatings to expand at a CAGR of 2.48% from 2016 to 2021, despite some years of negative growth in the commercial sector during that time. Due to persistent residential demand, a shrinking population, and an ageing labour force, the commercial sector's share in Japan is predicted to decline duri...

 The market for architectural coatings in Poland is anticipated to grow at a CAGR of 4.86%. The government's "The Operational Programme Infrastructure and the Environment 2014-2020" saw a CAGR of 6.00% in architectural coating usage from the residential sector from 2016 to 2021. This offers grants and loans for renovating multifamily homes in an energy-efficient manner. Between 2016 and 2021, Poland completed more than 230,000 homes, a CAGR of 7.66% for the annual number of homes built. Despite the pandemic and the lockdown in Poland in 2020, the government implemented a number of anti-crisis measures, such as financial shields, interest rate reductions, and job protection schemes, to lessen the impact of the pandemic on the residential construction industry. The consumption of architectural coatings is anticipated to increase rapidly through 2022 and then continue to grow steadily through 2028. Major Players:  AkzoNobel N.V., DAW SE, Flügger group A/S, PPG Industries, In...

 The architectural coatings market in Mexico is anticipated to grow at a CAGR of 3.39%. Until it increased again in 2020, the growth rate of architectural coatings had been in decline since 2016. Due to customers spending more time at home and finishing DIY projects, the DIY segment had enormous sales growth in 2020, which contributed to the expansion. One of the main factors driving the market demand is the ageing home stock, which has an average age of 41 years in 2019 compared to about 31 years in 2001. The residential sector in the nation held the largest share, at roughly 78–79%. However, this pattern abruptly altered in 2020 as a result of a significant rise in the demand for residential painting concurrent with a sharp fall in the business sector, which resulted in a commercial sector share of less than 17.4%. Although the commercial sector's share is anticipated to increase over the course of the projected period, the prolonged demand in the residential market may prevent i...