“Rising adoption of advanced lightings in vehicles and development of cutting edge lighting by key players is expected to drive market growth during the forecast period,” comments an FMI analyst.
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The Hidden Power: Micronutrients' Impact on Crop Vitality
From past few years chemical fertilizers are widely used on crops which is resulting in micronutrient deficiencies in crops. In addition to this, water scarcity and intensive chopping patterns are also increasing the micronutrient deficiencies in crops. The global crop micronutrient market is set to witness growth at a CAGR of 7.4% and top valuation of US$ 8.1 Billion by 2032.
Concerns have been raised by the phrase “food insecurity” among academics, researchers, agronomists, and policymakers all around the world. Food security has gotten a lot of attention recently because of the changing climate and the constant threat posed by anthropogenic activities.
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“Increasing sales of processed food products, along with high preference for nutrient-rich breakfast cereals and other products will continue augmenting the growth in the market over the forecast period,” says an FMI analyst.
Key Takeaways:
The crop nutrients market is expected to expand at CAGR of 5.9% and 4.1% in Latin America and the Middle East & Africa respectively through 2032.
East Asia and South Asia will account for 19.4% and 15.2% respectively in 2022, due to increasing awareness regarding micronutrients among the farmers.
Among the form segment, chelated micronutrients are dominating the crop micronutrient market holding around 78.3% share in 2022 and is expected to grow with CAGR of 4.5% over the forecast period.
Competitive Landscape
Key players operating in the crop micronutrient market are DowDuPont Inc., Aries Agro Ltd., Baicor L.C., Compass Minerals International, Inc., BASF SE, The Mosaic Company, Western Nutrients Corporation, Nutrien Ltd., Akzo Nobel N.V, and Yara international ASA.
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Crop Micronutrients Market By Category
By Form:
Chelated Micronutrients
Non-chelated Micronutrients
By Crop Type:
Cereals & Grains
Pulses and Oilseeds
Fruits & Vegetables
By Product Type:
Boron
Zinc
Copper
Molybdenum
Iron
Manganese
https://www.databridgemarketre....search.com/reports/g
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Culinary Integrity: The Flourishing Halal Food Market
The halal food market size is anticipated to surpass US$ 1,291,429.8 million in 2023 and is likely to attain a valuation of US$ 3,229,805.32 million by 2033. The halal food market share is projected to thrive at a CAGR of 9.6% from 2023 to 2033.
Cultural boundaries can be overcome through halal personal care and cosmetic products. Consumers who are not Muslims are becoming increasingly conscious of the ethical and aesthetic standards associated with halal products. Non-Muslim consumers are now looking for halal products because of their perceived safety, ethical sourcing, and healthy ingredient profiles, expanding the market beyond its normal clientele.
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The demand for natural and organic products around the world and the halal beauty market are closely tied. Many halal personal care businesses place a premium on using unadulterated, natural goods as opposed to synthetic ones. This is consistent with customers’ growing choice for beauty and grooming products that are health-conscious. Given the parallels between halal and natural/organic goods, a market segment that caters to consumers who are health-conscious is growing.
Key Takeaways from the Halal Food Market Report
The global market size stood at US$ 1,098,216.6 million in 2018.
The market expanded at a CAGR of 3.1% from 2018 to 2022.
In 2022, the global market size stood at US$ 1,241,759.4 million.
In 2022, the conventional segment gained 87.9% of the global halal food market shares.
In 2022, the meat, poultry, and seafood segment captured 56.4% of the halal food market shares.
In 2022, the food and beverages segment held 44.5% of the global halal food market shares.
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Halal Food Market Segmentation
By Nature:
Organic
Conventional
By Product Type:
Meat, Poultry, and Seafood
Dairy Products
Fruits, Nuts and Vegetables
Fats, Oils and Waxes
Grains and Cereals
Beverages
Others
By Application:
Food & Beverages
Nutraceuticals & Dietary Supplements
Infant Formula
Animal Feed Industry
Others
By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa
https://www.databridgemarketre....search.com/reports/g
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