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The global insect pest control market size is estimated to be valued at USD 12.3 billion in 2021 and projected to reach USD 15.8 billion by 2026, recording a CAGR of 5.1% during the forecast period. The change in climate conditions is a significant factor that has contributed to the growth of the market. This is attributed to global warming, which leads to changes in the population dynamics of insects and their ecosystems, as they are found prominently in warmer climates. Simultaneously, application methods have also become easier and safer to handle through larvicides, residual sprays, ultra-low volume sprays, and baits. This is expected to be a major driver for the growth of the market. Insect pest controls have wide application in industrial and commercial segment, residential, and livestock farming practices. The residential segment mainly requires pest control services for the containment of cockroaches, bed bugs, mosquitoes, and termites. Insect pest control is recommended for localized areas and home applications. Baits are also used for indoor and outdoor applications in residential areas. Growing industries, commercial plazas, residential societies and livestock farming, have significantly contributed to the growth of the market in North America. The rising growth of termites, cockroaches, mosquitoes, ants, flies, and bedbugs are another factor that is expected to boost the demand for market. Due to strict rules and regulations and an increase in health-conscious consumers has led to the increased use of insect pest control services and has offered a market opportunity for market. Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=26785207 In terms of control method, market is segmented into various methods, namely as, chemical, physical, and biological. Chemical control methods include chemicals of various classes such as chlorinated hydrocarbon, carbamates, organophosphates, pyrethroids, pyrroles, and neonicotinoids. These control methods are preferred globally due to instant results, availability, longer duration, and greater coverage area. In terms of insect types, mosquito segment is projected to grow at the highest CAGR during the forecast period. Due to increases in vectored diseases, the end-consumer are demanding the mosquito control services and products in the market. The common mosquito-vectored diseases include protozoan diseases such as malaria & filarial diseases and viruses such as dengue, encephalitis, and yellow fever hampered the humans. Mosquito-borne diseases that animals are susceptible to include dog heartworm, West Nile virus (WNV) and Eastern equine encephalitis (EEE) shows the negative impact on animal health.

The global compound feed market size is valued at USD 521.3 billion in 2022 and is projected to reach USD 641.2 billion by 2027, recording a CAGR of 4.2%, in terms of value during the forecast period. The demand for compound feed has been increasing due to the increase in livestock rearing, growing demand for meat & dairy products, and increasing awareness regarding animal health & diseases. Key players in this market include Cargill, Inc. (US), ADM (US), Charoen Pokphand Foods (Thailand), New Hope Group (China), Land O’Lakes (US), Nutreco N.V. (Netherlands), Alltech, Inc. (US), Guangdong Haid Group Co., Ltd (China), Weston Milling Group (Australia), and Feed One Co. (Japan). Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=12564156 Based on ingredients, the cereals segments includes cereal grains and distiller dried grains with soluble, which are used to fulfill the nutritional requirement of the livestock. The consumption of cereals also depends on the cost and availability of the different cereals; for instance, in a few parts of the US and China, wheat replaces corn as the main ingredient used in poultry feed whereas, in Australia, sorghum is the main grain used in animal feed during the summer season, instead of wheat. Thus, the types and quantity of cereal grains used in farm animal diets depend on their current costs. Based on source, the plant-based segment is projected to account for the largest market share in the compound feed market. Some of the reasons boosting the growth of this category are the increasing demand for sustainable and environmentally friendly products and easy availability. Most of the players in the market provide plant-based products considering the demand from the end-users. It is less resource-intensive and has better nutritional aspects. Most products available in the market are currently sourced from a plant, and it has its increased application in ruminant nutrition. Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=12564156 Based on livestock, the poultry segment is projected to account for the largest share in the compound feed market. The increase in demand for poultry by-products drives the demand for healthy and quality poultry birds and thereby the demand for compound feed. Poultry is considered a universal food due to which the livestock are domesticated for commercial purposes, thus increasing the demand for compound feed. The Asia Pacific region is one of the fastest-growing regions in terms of meat consumption, production, and developing economies are contributing to the growing demand. High demand for meat and animal by-products, issues related to livestock diseases, rising demand for processed food, and increasing disposable income are some of the factors contributing to the rising demand for compound feed in the region.

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