Commercial Seaweed Global Market Report 2023 – By Product (Brown Seaweeds, Red Seaweeds, Green Seaweeds), By Type (Liquid, Powdered, Flakes) By End User (Food and Beverages, Agricultural Products, Animal Feed Additives, Pharmaceuticals, Other End Users) – Market Size, Trends, And Global Forecast 2023-2032

Commercial services refer to businesses that provide that perform support activities for the day-to-day operations of other businesses or organizations. These services assist business customers with policy quotes, needs analysis, insurance applications, and coverage renewals. Great customer service leads to better customer loyalty, higher revenue, and lower costs. The main types of commercial services are office administrative services, facilities support services, employment services, business support services, travel arrangement and reservation services, waste management and remediation services, investigation and security services, services to buildings and dwellings, and other support services. Office administration refers to a set of day-to-day operations linked to the upkeep of office space, financial management, record keeping and billing, personal development, physical distribution, and logistics. The different modes include online, and offline and involve various service types such as hard services, soft services, and other services. The global commercial services market is segmented - 1) By Type: Office Administrative Services, Facilities Support Services, Employment Services, Business Support Services, Travel Arrangement And Reservation Services, Waste Management And Remediation Services, Investigation And Security Services, Services to Buildings And Dwellings, Other Support Services 2) By Mode: Online, Offline 3) By Service Type: Hard Services, Soft Services, Other Services Subsegments Covered: Business Management Services, Hospitality Management Services, Health Management Services, Other Office Administrative Services, Maintenance Services, Security & Guard Services, Reception Services, Other Facilities Support Services, Employment Placement Agencies, Executive Search Services, Temporary Help Services, Professional Employer Organizations, Document Preparation Services, Telephone Call Centers, Business Service Centers, Collection Agencies, Credit Bureaus, Other Business Support Services, Travel Agencies, Tour Operators, Convention And Visitors Bureaus, Other Travel Arrangement And Reservation Services, Waste Collection, Waste Treatment And Disposal, Remediation Services, Other Waste Management Services, Investigation, Guard, And Armored Car Services, Security Systems Services, Exterminating And Pest Control Services, Janitorial Services, Landscaping Services, Carpet And Upholstery Cleaning Services, Other Services to Buildings And Dwellings, Packaging And Labeling Services, Convention And Trade Show Organizers, All Other Support Services The global commercial services market size will grow from $5152.37 billion in 2022 to $5696.44 billion in 2023 at a compound annual growth rate (CAGR) of 10.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of commercial services market is expected to grow to $8015.14 billion in 2027 at a CAGR of 8.9%. Increasing urbanization in search of better living standards and higher job opportunities will drive the commercial services market. With the increase in the concentration of people moving to urban cities, the need for job creation will also increase, enabling more job opportunities and higher disposable income. Urbanization leads to more, better and more inclusive jobs in cities around the world, generating higher demand for commercial services companies. According to UN estimates, the proportion of the world population living in urban areas is expected to increase from 55% in 2018 to 68% by 2050. Therefore, the increase in urban population is expected to drive the growth of the commercial services market. Major companies in the commercial services market include BCD Travel, Randstad Holding NV, Adecco Group, Travel Leaders Group, TUI Group, Recruit Holdings, ManpowerGroup Inc., Waste Management Inc., Securitas AB, and Veolia Environment SA. Artificial intelligence is widely being used by business organizations in customer support activities as it considerably reduces operational costs xx. Artificial intelligence systems perform tasks that normally require human intelligence such as speech recognition, translation between languages, visual perception, and decision-making. This technology enables the handling of customer grievances and other interactions without human intervention, thereby increasing efficiency and reducing operational costs. It also helps manage support tickets in bulk and provides multi-language support, and auto-responding to bulk emails. According to a study by Oracle, nearly 8 out of 10 businesses have already implemented or planning to adopt artificial intelligence in customer support in 2020. Some of the companies using artificial intelligence in customer support include China Merchant Bank, Fiat Argentina, Toshiba France, and KLM airlines. Asia-Pacific was the largest region in the commercial services market in 2022. Western Europe was the second-largest region in the commercial services market. The regions covered in the commercial services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the commercial services market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The commercial services market consists of revenues earned by entities that provide services such as business management services, hospitality management services, health management services, maintenance services, reception services, document preparation services, and security systems services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The commercial services market research report is one of a series of new reports from The Business Research Company that provides commercial services market statistics, including commercial services industry global market size, regional shares, competitors with a commercial services market share, detailed commercial services market segments, market trends and opportunities, and any further data you may need to thrive in the commercial services industry. This commercial services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Commercial electric vehicles are electrically powered, self-propelled electric vehicles used for transportation that help reduce greenhouse gas emissions (GHG) and pollution and work with the help of both electric motors working in tandem. The main technologies in commercial electric vehicles are battery electric vehicles, hybrid electric vehicles, and plug-in hybrid electric vehicles. Battery electric vehicles operate only on stored electricity, and their main components consist of a high-voltage battery, one or more electric motors (either alternating current [AC] or direct current [DC]), and a controller for managing the power electronics. The vehicle types involved are buses, trucks, pick-up trucks, and vans. The charging infrastructure involved is pantograph, plug-in, and inductive. The global commercial electric vehicles market is segmented - 1) By Technology: Battery Electric Vehicles, Hybrid Electric Vehicles, Plug-in Hybrid Electric Vehicles 2) By Vehicle: Bus, Truck, Pick-Up Truck, Van 3) By Charging Infrastructure: Pantograph, Plug-in, Inductive The global commercial electric vehicles market size grew from $88.45 billion in 2022 to $116.95 billion in 2023 at a compound annual growth rate (CAGR) of 32.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of the commercial electric vehicles market is expected to grow from $357.44 billion in 2027 at a CAGR of 32.2%. Government subsidies to consumers and manufacturers help with the adoption of electric vehicles. The adoption of electric vehicles has been identified as an effective method to reduce carbon emissions and dependency on fossil fuels. So, the governments of many countries are providing direct subsidies to both buyers and manufacturers to increase the adoption rate of electric vehicles. For example, in order to make electric vehicles (EVs) accessible to all Americans for both short- and long-distance travel, the federal government has set the 2030 target of having half of all new vehicles sold in the country be zero-emissions vehicles. It has also committed to developing a practical and equitable network of 500,000 chargers. Major players in the commercial electric vehicle market report are Tesla, Nissan, BMW, Chevrolet, Ford, Volkswagen, Kia Motors, Audi, BYD, and Daimler. The difference in vehicle performance acts as a restraint on the growth of the commercial electric vehicle market. Electric vehicles provide excellent torque at low speeds, but at higher speeds, the performance drops. The range of current battery electric vehicles (BEVs) is typically 50 to 100 miles. For example, the Nissan LEAF electric vehicle has high torque (236 lb-ft) but relatively low power at 147 hp. The conventional fuel car Honda S2000, on the other hand, has a respectable 256 hp. Technological advances to improve charging speed and enhance battery design are the latest trend in the commercial electric vehicle market. Manufacturers are looking at solid-state batteries that use graphene as the potential solution and are expected to increase both the range and the charging speed of the batteries in electric vehicles. Apart from the improvements in battery design and charging speed, there will be a significant shift toward diversifying the sources of power for EVs. Solar panels have already become much more efficient at capturing the sun’s energy. With the recent development of three-phase charging, the most modern electric vehicles can charge up to 80% in just 30 minutes. For instance, Earthday, a Catalan startup, introduced fast-charging graphene-based batteries that weigh only 55 kg and use a paste-like electrolyte based on graphene. Earthday claims that the graphene-based battery charges up to 1350 times faster than normal batteries based on lithium technology. In Europe, the parliament mandates the installation of appropriate vehicle alerting systems in electric vehicles. Electric cars and plug-in hybrid cars such as the all-electric BMWi3 or the Toyota Prius currently emit very little sound when running on electric power only. Campaigners say this is dangerous for partially sighted and blind people. Keeping this in mind, liberal democratic MEPs introduced an amendment that makes it mandatory to install a vehicle alerting system in electric vehicles. In June 2021, Ashok Leyland, a company manufacturing automotives based in India, acquired Switch Mobility Automotive for an undisclosed amount. Ashok Leyland expands its commercial electric vehicle portfolio and makes an investment in Switch Mobility, acquiring all of the company's shares. Switch Mobility Automotive is a company operating commercial electric vehicles based in the UK. Asia-Pacific was the largest region in the commercial electric vehicles market in 2022. The regions covered in the commercial electric vehicles market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the commercial electric vehicles market report are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA and Australia. The commercial electric vehicles market consists of sales of hybrid electric vehicles (HEVs) and extended range electric vehicles (E-REVs). Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The commercial electric vehicles market research report is one of a series of new reports from The Business Research Company that provides commercial electric vehicle market statistics, including commercial electric vehicle industry global market size, regional shares, competitors with a commercial electric vehicle market share, detailed commercial electric vehicle market segments, commercial electric vehicles market trends and opportunities, and any further data you may need to thrive in the commercial electric vehicle industry. This commercial electric vehicle market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Seaweed cultivation refers to the process of growing algae and other marine based species. In order to grow, seaweed farms consume nutrients and carbon dioxide. Such farms can contribute to bettering water quality and mitigating the consequences of ocean acidification in the neighbourhood. The types of seaweed cultivation are red seaweeds, brown seaweeds, and green seaweeds. Red seaweeds refer to the oldest and largest group of algae, and occur mainly in protected shallow waters, often attaching themselves to stones, shells, and eelgrass by their holdfast. Seaweed is available in different forms such as seaweed flakes, seaweed powder, liquid seaweed, and seaweed sheets. The methods of harvesting include aquaculture and wild harvesting. The various applications include the animal feed industry, agriculture, pharmaceuticals, and other application. The global seaweed cultivation market is segmented – 1) By Type: Red Seaweeds, Brown Seaweeds, Green Seaweeds 2) By Form: Seaweed Flakes, Seaweed Powder, Liquid Seaweed, Seaweed Sheets 3) By Method Of Harvesting: Aquaculture, Wild Harvesting 4) By Application: Animal Feed Industry, Agriculture, Pharmaceuticals, Other Application The global seaweed cultivation market size will grow from $17.78 billion in 2022 to $20.15 billion in 2023 at a compound annual growth rate (CAGR) of 13.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The seaweed cultivation market size is expected to grow to $32.46 billion in 2027 at a CAGR of 12.7%. The rise in seaweed farming practices is expected to propel the growth of the seaweed cultivation market going forward. Seaweed farming refers to a cost-effective method of harvesting that, when paired with ease of handling and technical developments, is encouraging individuals to think about it as a career option worldwide. Seaweed cultivation helps seaweed farming practices by raising the standard of living for coastal residents and encouraging the use of marine and coastal resources in their daily lives. For instance, in June 2022, according to a report published by ReliefWeb, a US-based humanitarian information portal, a record 214 million metric tons of fisheries and aquaculture products were produced globally in 2020, including 178 million metric tons of aquatic animals and 36 million metric tons of algae. Therefore, the rise in seaweed farming practices is driving the growth of the seaweed cultivation market. Major players in the seaweed cultivation market are Acadian Seaplants Limited, Cargill Incorporated, DuPont de Nemours Inc., Irish Seaweeds, Beijing Leili Marine Bioindustry Inc., (Leili Group), Algae Bio-Tech India (P) Ltd., Qingdao Gather Great Ocean Algae Industry Group Co.LTD., Gelymar SA, Leili Group, AtSeaNova, Seasol International, Mara Seaweed, Pacific Harvest, Maine Fresh Sea Farm, and Maine Coast Sea Vegetables. Technological advancements are a key trend gaining popularity in the seaweed cultivation market. Seaweed farming is a labor-intensive procedure that causes a company’s operating costs to increase. As a result, several companies are spending money on technologies like robot harvesters and direct seeding to enhance seaweed farming and track seaweed biomass, businesses are also moving forward with the application of cutting-edge technologies like machine learning, IoT (Internet of Things), and artificial intelligence. For instance, in July 2021, Sea6 Energy, an India-based seaweed company, constructed an automated technology called a sea combine that reduces the labor-intensiveness of seaweed production. The technique developed by Sea6 is intended to enable the expansion of seaweed farming, which is an essential step before seaweed is widely used as a biofuel. In September 2020, W Hydrocolloids, Inc., a Philippines-based food ingredients company, acquired Cargill’s stake in Philippine Bio-Industries, Inc., With this acquisition, W Hydrocolloids, Inc., acquired PBI’s fully automated refined carrageenan efficiency, which delivers carrageenan and carrageenan blends. Additionally, in order to service clients worldwide, businesses are concentrating on obtaining more quality certifications across numerous areas and employing rigorous product testing techniques. Philippine Bio-Industries Inc., is a Philippines-based company that operates a seaweed-producing facility. Asia-Pacific was the largest region in the seaweed cultivation market in 2022. The regions covered in seaweed cultivation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the seaweed cultivation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The seaweed cultivation market revenues earned by entities by the floating bamboo method, the mangrove stakes and net method and tubular net method. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The seaweed cultivation market research report is one of a series of new reports from The Business Research Company that provides seaweed cultivation market statistics, including seaweed cultivation industry global market size, regional shares, competitors with a seaweed cultivation market share, detailed seaweed cultivation market segments, market trends and opportunities, and any further data you may need to thrive in the seaweed cultivation industry. This seaweed cultivation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Biostimulants are substances or microorganisms that enhance plant growth when applied in small amounts by increasing the nutrient absorbency rate of plants without any adverse effect on the plants. It improves plant tolerance to biotic stress while also increasing crop productivity. The chemical origin of biostimulants includes natural and biosynthetic biostimulants. Biosynthetic biostimulants are defined as the microorganisms that are applied to plants for the purpose of enhancing their abiotic stress tolerance, nutrition efficiency, and quality traits. The main active ingredients of biostimulants are humic acid, fulvic acid, amino acids, protein hydrolysates, seaweed extracts, and other active ingredients. The various applications of biostimulants are foliar, soil, seed, and other applications. The global biostimulants market is segmented - 1) By Chemical Origin: Natural, Biosynthetic Biostimulants 2) By Active Ingredient: Humic Acid, Fulvic Acid, Amino Acids, Protein Hydrolysates, Seaweed Extracts, Other Active Ingredients 3) By Application: Foliar, Soil, Seed, Other Applications The biostimulants market size will grow from $2.79 billion in 2022 to $3.01 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of biostimulants is expected to grow from $4.09 billion in 2027 at a CAGR of 8.0%. The growth of sustainable agriculture is expected to drive the growth of the biostimulant market. There is an increased focus on sustainable agriculture due to deteriorating factors such as soil degradation, water scarcity, climate change, and also the burden of producing high crop yields to meet the demand. In sustainable agriculture, the use of artificial products like fertilizers and pesticides is prohibited since it degrades soil and harms the environment. Biostimulants, on the other hand, increase the simulation power of the plants to absorb nutrients and help in handling biotic stress. For instance, the United Nations' sustainable development goals for 2030 have a special focus on sustainable agriculture. The use of biostimulants to grow crops free of pesticides and fertilizers also helps in growing crops under unusual conditions. The use of biostimulants helps grow various crops under stress conditions, supporting sustainable agriculture and thereby driving the biostimulant market. Major players in the biostimulants market are BASF, Bayer CropScience, Novozymes A/S, Koppert Biological Systems, Verdesian Life Sciences, Lallemand Plant Care, Valagro, Syngenta, West Coast Marine Bio-Processing Corp., and Italpollina S.p.A. Uncertainty about the legal framework for biostimulants is expected to hinder the biostimulant industry report. Documentation on the labelling and efficacy of biostimulants is not available, and definitions of biostimulants are different worldwide. For instance, the US and Europe lack a specific biostimulant regulatory framework. The Europe has published the new European Fertilizer Regulation (EC) No. 2019/1009 that includes a biostimulants definition and a regulatory path for registrations of such products across the EU states. Moreover, the EU regulation is expected to become effective in 2022 and new standards for processes and methods are expected to be developed in the next few years. Thus, an uncertain legal framework hinders the biostimulant industry. Companies in the biostimulant market are coming up with innovative products to meet the demand and requirements of the customers and have an edge over their competitors. Mostly, start-ups are entering the market with new products. For example, in June 2022, a Spanish provider of biostimulation and sustainable crop nutrition introduced Biimore, an innovative biostimulant globally. It is made from specific and sustainable plant fermentation process from a combination of L-a amino acids, vitamins, sugars and traces of other natural compounds that are not found in any other biostimulant on the market. It improves yield and harvest quality parameters at ultra-low doses. In addition, in September 2022, Evonik Industries, a German specialty chemicals company commenced the development of an innovative biostimulant that reduces fertilizer use by half and keeps 93% of the yields. This is expected to be launched during 2025-2027. In November 2022, J.M. Huber Corporation, a US-based chemical manufacturing company acquired Biolchim Group for an undisclosed sum. The acquisition reinforces Huber's vision of becoming the world's leading provider of sustainable, high-performance agricultural products. Biolchim Group is an Italian manufacturer of a complete range of specialty plant nutrition and biostimulants. Asia-Pacific was the largest region in the biostimulants market in 2022. North America was the second-largest region in the global biostimulants market share. The regions covered in the biostimulants market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the biostimulants market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The biostimulants market consists of the sales of plant extract, inorganic compound, chitosan and other biopolymer, and beneficial microbe biostimulants. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The biostimulants market research report is one of a series of new reports from The Business Research Company that provides biostimulant market statistics, including biostimulant industry global market size, regional shares, competitors with a biostimulant market share, detailed biostimulant market segments, market trends and opportunities, and any further data you may need to thrive in the biostimulant industry. This biostimulants market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Plant-based protein is a protein supplement that is derived from plant-based sources. Plant-based proteins are becoming more popular as meat substitutes because they are highly nutritious and include nutrients such as fiber, vitamins, and minerals in addition to proteins. The main types of plant-based protein are isolates, concentrates and textured. Plant-based protein isolates are consumed in an isolated form after being chemically extracted into a powder from the whole food. Plant-based proteins are derived from various sources such as soy, wheat, pea, others and are available in both dry and liquid forms. It is used in feed, food and other applications. The global plant based protein market is segmented - 1) By Type: Isolates, Concentrates, Textured 2) By Source: Soy, Wheat, Pea, Other Sources 3) By Form: Dry, Liquid 4) By Application: Feed, Food, Other Applications The global plant-based protein market size grew from $14.7 billion in 2022 to $16.22 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global plant-based protein is expected to grow to $24.89 billion in 2027 at a CAGR of 11.3%. The increasing awareness of health and wellness is expected to propel the growth of the plant-based protein market during the forecast period. Plant-based proteins are good for weight loss and provide building blocks for healthy muscles and tissues. They are high in fiber and contain less amount of calories & fats than animal protein. For instance, according to a poll by E times in 2021, the COVID-19 pandemic has transformed Indians' attitudes toward health, with 70% saying they will prioritise food and lifestyle adjustments in 2021 to manage both physical and emotional health. Therefore, the increasing awareness of health and wellness drives the growth of the plant-based protein market. Major players in the plant-based protein market are Archer Daniels Midland Company (ADM), DuPont Nutrition & Biosciences, Axiom Foods Inc., Cargill, Kerry Group, Ingredion Incorporated, Roquette Freres, Wilmar International Limited, Glanbia PLC., Cosucra Groupe Warcoing SA, Sotexpro, Emsland Group, and PURIS Foods. Plant-based meat substitutes are gaining significant popularity in the plant-based proteins market. Plant-based meat alternatives are the priority of major companies operating in the plant-based proteins sector attributing to various benefits such as being ecologically friendly, aiding in weight loss, preventing chronic illnesses, and regulating cholesterol and blood sugar levels. For instance, in July 2021, Nature’s Fynd, a US-based company which develops microbe-based proteins for meat and dairy substitutes has raised over $158 million in funds for the launch of its meatless breakfast products including patties, burgers chicken-less nuggets, and others. Additionally, according to the Plant-Based Foods Association, the alternative foods sector exploded in 2020, increasing U.S. retail sales by 27% and boosting the entire market value to $7 billion. In August 2021, WM Partners, a US-based private equity firm acquired Vega for an undisclosed amount. The acquisition is expected to benefit WM partners by expanding their HPH II’s portfolio of brands and leverage the distribution strengths of Vega. Vega is a Canada-based company that produces plant-based proteins. North America was the largest region in the plant-based protein market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the plant-based protein market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the Plant-Based Protein market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The plant-based protein market consists of sales of wheat protein, soy protein, pea protein, and other plant-based proteins. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The plant-based protein market research report is one of a series of new reports from The Business Research Company that provides plant-based protein market statistics, including plant-based protein industry global market size, regional shares, competitors with a plant-based protein market share, detailed plant-based protein market segments, market trends and opportunities, and any further data you may need to thrive in the plant-based protein industry. This plant-based protein market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The term "hydrocolloids" refers to a substance that forms a gel in the presence of water. Hydrocolloids are high-molecular-weight polysaccharides derived from plants and algae or synthesized by bacteria. A hydrocolloid is a particle dispersion in water made up of molecules that bind to the water and one another. The main types of products in hydrocolloids are carrageenan, guar gum, gelatin, pectin, microcrystalline cellulose, and others. Carrageenan is a natural hydrocolloid that is derived from seaweeds. Their processing removes undesirable natural fibers and mucilage from the weed, and the result is a powder. The different functions include thickening, gelling, stabilizing, and others and are extracted from various sources such as botanical, microbial, animal, seaweed, and synthetic. It is used in several applications, including food and beverages, pharmaceuticals, personal care products, and others. The global hydrocolloids market is segmented - 1) By Type: Carrageenan, Guar Gum, Gelatin, Pectin, Microcrystalline Cellulose, Other Types 2) By Function: Thickening, Gelling, Stabilizing, and Other Functions 3) By Source: Botanical, Microbial, Animal, Seaweed, Synthetic 4) By Application: Food and Beverage, Pharmaceutical, Personal Care Products, Other Applications The global hydrocolloids market size grew from $10.58 billion in 2022 to $12.22 billion in 2023, at a compound annual growth rate (CAGR) of 15.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the hydrocolloids market is expected to grow to $19.15 billion in 2027 at a CAGR of 11.9%. The increase in nutritionally aware consumers is expected to propel the growth of the hydrocolloids market during the forecast period. Consumers are preferring nutritional food as nutrition is critical for a multitude of reasons, including proper psychological well-being, muscle strength, pulmonary ventilation, infection prevention, wound healing, and cardiovascular function. Hydrocolloids are functional food ingredients that have great nutritional benefits and provide an opportunity to tailor nutritional value and offer potential health benefits by controlling gastric emptying and intestine brake mechanisms, glycemic response plasma cholesterol levels, and carbohydrate fermentation in the large intestine. For instance, according to the 2022 Food and Health Survey published by the International Food Information Council, a US-based nonprofit educational organization, in 2022, 52% of Americans say they followed a diet or eating pattern in the previous year, which is a significant increase from the previous few years' figures of 39% in 2021, 43% in 2020, and 38% in 2019. Consumers under the age of 50 account for the majority of the rise in diets. This year, calorie tracking (13%), clean eating (16%), mindful eating (14%), and plant-based eating (12%) are the most popular diets or eating habits. Therefore, the increase in nutritionally aware consumers drives the growth of the hydrocolloids market. Major players in the hydrocolloids market are Archer Daniels Midland Company, Ashland Global, Cargill Incorporated, CP Kelco, Darling Ingredients, DuPont Nutrition & Biosciences, Hispanagar S.A., Ingredion Incorporated, Kerry Group, Koninklijke DSM N.V., Aquarev Industries, BASF, Fiberstar Inc., FMC Corporation, Jungbunzlauer Suisse AG, Lotus Gums & Chemicals, Palsgaard A/S, and Hawkins Watts Gellan gum is a key trend gaining popularity in the hydrocolloids market. Gellan gum is a water-soluble polysaccharide and multifunctional hydrocolloid commonly used as a gelling agent. It has the properties of gelation, stabilization, texturizing, film-forming, thickening, structuring, and suspending agent and can be widely used in food and beverages, home care, personal care, and other industrial applications. Gellan gum is the most expensive form of hydrocolloids and is extensively used to improve food texture. For instance, in 2021, Jungbunzlauer, a Switzerland-based producer of natural biodegradable ingredients, launched TayaGel, a high-acyl gellan gum. TayaGel is a highly functional hydrocolloid that has properties such as excellent flavor release, suspending agent, thickening agent, and gelling agent. TayaGel HA is developed for all non-dairy products, and TayaGel HA-D for dairy products. In February 2021, DuPont Nutrition and Biosciences, a Denmark-based nutrition company, merged with International Flavors & Fragrances (IFF) for $26.2 billion. The partnership combines International Flavors & Fragrances' (IFF) capabilities in food flavors and fragrances with DuPont's leading positions in enzymes, food protection, and probiotics. International Flavors & Fragrances is a US-based company that produces value-added ingredients such as hydrocolloids, flavors, and fragrances. North America was the largest region in the hydrocolloids market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hydrocolloids market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the hydrocolloids market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The hydrocolloids market consists of sales of hydrocolloids by type, including starch and xanthan. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The hydrocolloids market research report is one of a series of new reports from The Business Research Company that provides hydrocolloids market statistics, including hydrocolloids industry global market size, regional shares, competitors with market shares, detailed hydrocolloids market segments, market trends and opportunities, and any further data you may need to thrive in the hydrocolloids industry. This hydrocolloids market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Plant extracts refer to a method intended to extract specific plant-based ingredients. This process separates solids from liquids by bringing a solid (the plant) into contact with the liquid (the solvent), which is then used to solubilize and contain the valuable plant components. They have medicinal, aromatic, anti-inflammatory, antifungal, antimicrobial, antiparasitic, antiprotozoal, and antioxidant effects. The main types of plant extracts are spices, essential oils and natural extracts, flavours and fragrance, phytomedicines and herbal extracts, phytochemicals and others. Phytochemicals refer to bioactive nutrient plant chemicals in fruits, vegetables, grains, and other plant foods that will provide desirable health benefits beyond basic nutrition to reduce the risk of major chronic diseases. The different sources include fruits, flowers, and bulbs, leaves, barks and stems, rhizomes and roots, and others. The various applications involved are pharmaceuticals, food and beverages, cosmetics, and others. The global plant extracts market is segmented - 1) By Type: Spices, Essential Oils and Natural Extracts, Flavors and Fragrance, Phytomedicines and Herbal Extracts, Phytochemicals, Other Types 2) By Source: Fruits, Flowers and Bulbs, Leaves, Rhizomes and Roots, Barks and Stems, Other Sources 3) By Application: Pharmaceuticals, Food and Beverages, Cosmetics, Other Applications The global plant extracts market size will grow from $25.53 billion in 2022 to $28.23 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The plant extracts market size is expected to grow to $39.89 billion in 2027 at a CAGR of 9.0%. The rapid growth in the vegan trend is significantly contributing to the growth of the plant extract market. A vegan refers to a person who doesn’t consume animal products, including meat, eggs, or dairy products. Vegan people consume plant-based products to fulfil their nutritional requirements. For instance, according to the Plant-Based Foods Association (PBFA), a US-based trade association, retail sales of plant-based foods in the United States increased by 6.2% in 2021. Therefore, the rapid growth in vegan trends is driving the growth of the plant extract market. Major players in the plant extracts market are Naturex, Berkem, Kuber Impex Ltd., Network Nutrition, Organic Herb Inc., Qualiphar-Gifrer, Givaudan, Arjuna Natural Pvt Ltd., Synthite Industries Private Ltd., Martin Bauer Group, Tokiwa Phytochemical Co Ltd., Native Extracts Pty Ltd., Symrise, Sensient Technologies Corporation, Indesso , Vidya Herbs, Plant Extracts International Inc., Indena, Nutra Green Biotechnology Co Ltd., Nantong Sihai Plant Extracts Co. Ltd., Schwabe, Provital Group, and Chenguang Biotech. Increasing technological advancements have emerged as the key trend gaining popularity in the plant extract market. Companies operating in the plant extract sector are focused on developing new technological solutions to reinforce their position. For instance, in June 2021, Firmenich, a Switzerland-based fragrance and taste company, launched the Firgood ingredients using revolutionary and sustainable proprietary extraction technology. The Firgood technology is solvent-free and utilizes low energy. The water is used for extraction, which is warmed up by electromagnetic vibration, and the odorant components in it are used to yield the final pure extract. In April 2022, Kerry Group plc, an Ireland based food company, acquired Natreon, Inc., for 42 million euros ($45.74 million). This acquisition increases Kerry's influence and the portfolio of branded ingredients from ProActive Health that are supported by research, contributing to the company's technological development and improving the customer experience. Natreon, Inc., is a US-based botanical extract company that specializes in ayurvedic extracts that have been branded and subjected to scientific research and testing before being sold to the global dietary supplement and functional food and beverage industries. Asia-Pacific was the largest region in the plant extracts market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the plant extracts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the plant extracts market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The plant extracts market consists of sales of medicinal plants, polyphenols, carotenoids, maceration, infusion, decoction, and percolation. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The market value includes the value of related goods sold by the service provider or included within the service offering. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The plant extracts market research report is one of a series of new reports from The Business Research Company that provides plant extracts market statistics, including plant extracts industry global market size, regional shares, competitors with a plant extracts market share, detailed plant extracts market segments, market trends and opportunities, and any further data you may need to thrive in the plant extracts industry. This plant extracts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The plant factory refers to agricultural production systems designed to turn crop production into a new model by using bioinformatics and industrial automation. This system enables to achieve the supreme yield, harvesting density, and financial impact by controlling the plant growth environment artificially. Plant Factory uses artificial controlled light, moisture, temperature, and carbon dioxide concentrations to grow plants and vegetables. The main facility types in plant factories are greenhouses, indoor farms, and other facility types. Indoor farms refer to the method of growing plants and crops indoors on large scale. Indoor farming is used to cultivate plants and crops and circulate and reuse the water. The light types used in plant factories are sunlight and full artificial light, they are used to cultivate fruits, vegetables, flowers ornamentals, and other crop types. The global plant factory market is segmented - 1) By Facility Type: Greenhouse, Indoor Farms, Other Facility Types 2) By Light Type: Sunlight, Full Artificial Light 3) By Growing System: Non-Soil-Based, Soil-Based, Hybrid 4) By Crop type: Fruits, Vegetables, Flower And Ornamental, Other Crop Types The global plant factory market size grew from $112.71 billion in 2022 to $120.87 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The market size of global plant factory is expected to grow to $158.16 billion in 2027 at a CAGR of 7.0%. The rise in demand for food due to the increasing population and challenges of climate change significantly contributes to the growth of the plant factory market. The world population and demand for food are growing, and losses in yield gains due to soil infertility, demographic change, climate change, and pest outbreaks are contributing to growth in the adoption of new plant factory methods for growing crops. For instance, In November 2020, according to a study published by International Institute for Applied Systems Analysis (IIASA), the food demand is expected to increase by 56% between 2010 and 2050. In addition to it, currently, 40% of the landmass is arid, and due to rising temperatures and climate change, more will turn into deserts, causing a reduction in food production. Therefore, the rise in demand for food due to the increasing population and challenges of climate change is driving the growth of the plant factory market. Major players in the plant factory market are AeroFarms, Mirai Co., Ltd., Farminova Plant Factory, Metropolis Farms, Urban Crops, Lufa Farms, Keystone Technology Inc., Green Plus Co., Ltd., Parus Europe, and Ryoden Corporation. Technological advancements are the key trends gaining popularity in the plant factory market. Major companies operating in the plant factory market are focused on providing continuous innovations to strengthen their market position by implementing various innovations and technologies such as LED-grown light, AI, Machine learning, dynamic resource allocation, and edge computing to optimize plant growth and increase productivity. For instance, In September 2020, Urban Crop Solutions, a Belgium-based developer and manufacturer of indoor vertical farming solutions, launched ModuleX Plant Factory, a vertical indoor farming system, which counters existing challenges in vertical farming operations. In March 2022, Plantas Group, a Danish company, acquired Euroflora for an undisclosed amount. The acquisition of EuroFlora is number three in a series of acquisitions and the largest corporate acquisition to date. In terms of organic growth, Plantas Group has opened subsidiary in Germany at the beginning of 2022 and expanded in Poland. EuroFlora is an Italy-based plant factory. Western Europe was the largest region in the plant factory market in 2022. The regions covered in the plant factory market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the plant factory market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The plant factory market includes revenues earned by entities providing services such as hydroponics aquaponics, aeroponics, and vertical planting. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The plant factory market research report is one of a series of new reports from The Business Research Company that provides plant factory market statistics, including plant factory industry global market size, regional shares, competitors with a plant factory market share, detailed plant factory market segments, market trends and opportunities, and any further data you may need to thrive in the plant factory industry. This plant factory market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.