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The agricultural biologicals market is projected to reach USD 27.9 billion by 2028 from USD 14.6 billion by 2023, at a CAGR of 13.8% during the forecast period in terms of value. The market for agricultural biologicals is experiencing growth due to growing organic farming and government initiatives.
The sourdough market is estimated at USD 2.3 billion in 2023 and is projected to reach USD 3.5 billion in 2028, at a CAGR of 9.0 %.
The global plant-based leather market will grow to USD 97 million by 2027, growing at a CAGR of 7.5% during the forecast period.
The global functional food ingredients market, valued at USD 119.2 billion in 2024, showcases a remarkable growth projection, anticipated to escalate to USD 165.8 billion by 2029, indicating a robust compound annual growth rate (CAGR) of 6.8% during the forecast period.
The dust control systems market is driven by factors such as rise in health awareness, stringent regulations for dust control, and rapid urbanization and industrialization. Technological advancements and growth in requirement of dust control systems in food, beverage, and agricultural industries are the upcoming opportunities for dust control systems market.
From 2022 to 2027, the industrial cannabis market is expected to rise at a remarkable compound annual growth rate (CAGR) of 24.3%. This rising trend is expected to boost market value from $27.7 billion in 2022 to $82.3 billion by the end of 2027.
The global collagen market is on a trajectory of significant expansion, with an estimated value projected to reach USD 7.4 billion by 2030 from the 2023 valuation of USD 5.1 billion in 2023, displaying a promising Compound Annual Growth Rate (CAGR) of 5.3%. The increasing demand for collagen products is driven by their widespread application across diverse sectors such as healthcare, cosmetics, and food and beverages.
The plant extracts market is estimated at USD 34.4 billion in 2022; it is projected to grow at a CAGR of 12.3% to reach USD 61.5 billion by 2027.
The global Plant-Based Leather Market is valued at USD 68 million in 2022 and is projected to reach a value of USD 97 million by 2027 at a CAGR of 7.5% over the forecast period.
The Specialty Food Ingredients Market is estimated at USD 179.8 billion in 2023 and is projected to reach USD 240.9 billion by 2028, at a CAGR of 6.0%.
According to MarketsandMarkets, the global industrial hemp market size is estimated to be valued at USD 6.8 billion in 2022 and is projected to reach USD 18.1 billion by 2027, recording a CAGR of 21.6% in terms of value. The growth of this market is attributed to the growing consumption of hemp seed in the food & beverage industry.
The global seaweed cultivation market size is estimated to be valued at USD 16.7 billion in 2020. It is projected to reach USD 30.2 billion by 2025, recording a CAGR of 12.6% during the forecast period. The demand for seaweeds as a raw material from various end-user industries, such as food, agriculture, animal feed, cosmetics, pharmaceuticals, energy, etc. and growth in consumer awareness regarding seaweeds health benefits are expected to drive the growth of the seaweed cultivation market.
The global functional food ingredients market size, valued at USD 119.2 billion in 2024, showcases a remarkable growth projection, anticipated to escalate to USD 165.8 billion by 2029, indicating a robust compound annual growth rate (CAGR) of 6.8% during the forecast period.
The plant-based protein market is estimated at USD 14.2 billion in 2024 and is projected to reach USD 20.5 billion by 2029, at a CAGR of 8.1% from 2024 to 2029.
The global collagen market, valued at USD 5.1 Billion in 2023, showcases a remarkable growth projection, anticipated to escalate to USD 7.4 Billion by 2030, indicating a robust compound annual growth rate (CAGR) of 5.3% during the forecast period.
The enzymes market size is estimated to be valued at USD 14.0 billion in 2024 and is projected to reach USD 20.4 billion by 2029, recording a CAGR of 7.8%.
The agricultural surfactants market is estimated at USD 1.7 billion in 2023 and is projected to reach USD 2.3 billion by 2028, at a CAGR of 6.2% from 2023 to 2028. The burgeoning growth of the agricultural surfactant market can be attributed to the convergence of pressing environmental concerns and the escalating global population.
The global biorational pesticides market will grow from USD 7.5 billion in 2023 to USD 15.1 billion by 2028, growing at a CAGR of 15.2% during the forecast period.
The collagen peptides market is projected to reach USD 922 million by 2028 from USD 699 million by 2023, at a CAGR of 5.7% during the forecast period in terms of value. The market for collagen peptides is experiencing growth due to growing consumer health awareness and varied applications of collagen peptides.
The global irrigation automation market was valued at USD 4.2 billion in 2022 and is expected to grow at a CAGR of 17.2% during the forecast period. Increasing government support to mechanize agriculture especially in the developing countries, adoption of smart irrigation technologies, and need for water conservation are some of the key factors promoting the growth of market during the forecast period.
The global food disinfection market is expected to reach a value of USD 14.9 billion by 2025, growing at a CAGR of 4.1% during the forecast period.
The global aquaculture products market is estimated to be valued at USD 39.7 billion in 2022. It is projected to reach USD 56.2 billion by 2027, recording a CAGR of 7.2% during the forecast period.
The global omega-3 market size was valued at US$ 3.4 billion in 2023 and is poised to grow from US$ 3.9 billion in 2024 to US$ 7.4 billion by 2029, growing at a CAGR of 13.5% in the forecast period (2024-2029).
The beta-glucan market is estimated at USD 542 million in 2024; it is projected to grow at a CAGR of 8.1% to reach USD 800 million by 2029. The growing need for nutritional supplements stems from urbanization and the hectic pace of modern life.
