The global teaseed cake market is expected to grow at a considerable rate during the forecast period from 2022 to 2032. Growth in the market is driven by increasing adoption of teaseed cake across agriculture and aquaculture verticals.
| Report Attribute | Details |
|---|---|
| Projected Growth Rate (2022 to 2032) | XX% CAGR |
Teassed cake is basically the residue left behind after the oil has been extracted from camellia seeds. The residue is then processed and compressed into cake shapes. Teaseed cake contains a toxic substance called saponin, which readily reacts with the red blood cells of fishes. It is for this reason that it is being increasingly used as fish killer agent.
Over the last few decades, teaseed cake has significantly risen to fame as an ideal pesticide and fish killing agent. It is being extensively used by farmers to eliminate unwanted fishes and other harmful water creatures from waterbodies.
The rising adoption of teaseed cake in aquaculture industry is one of the major factors driving the global teaseed cake market. Aquaculture farmers use teaseed cakes to kill specific predators in waterbodies without harming the useful species.
As the focus shifts from harmful synthetic pesticides to natural ones, demand for tea seed cake is set to increase at a robust pace during the forecast period. It has become one of the most commonly used natural pesticides for protecting plants from insects and fungal and bacterial pathogens due to its much safer, effective and cost-efficient nature.
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Rising focus towards using organic fertilizers and pesticides, rapid expansion of aquaculture and agriculture industries, and increasing need for protecting crops from insects and microorganism are some of the major factors driving the global teaseed market.
Teaseed cake has become an ideal ecofriendly pesticide for killing snails, predator fishes and several other unwanted insect species across agriculture and aquaculture industries on account of its various advantages such as easy availability, low cost, and ecofriendly nature.
During the last few decades, fish predator has emerged as the biggest problem encountered by aquaculture farmers because of its potential to cause severe damage. Fish predator can lead to bring about disease, cause changes in quality of product and can even result in displacement of native species. In order to address this issue aquaculture farmers are increasingly utilizing fish killing agents such as teaseed cake.
Teaseed cake eliminates the targeted species without harming other life forms. It has the potential to detoxify quickly in water and does not leave any cumulative adverse residues. Thus, making it a non-injurious pesticide and fish killing agent. Similarly, it is also being used as an organic fertilizer due to abundant presence of numerous nutrients such as fiber, proteins and sugar. Rising adoption of teaseed cake in aquaculture and agriculture sectors is providing the major impetus to the growth of teaseed cake market and the trend is likely to continue in the future.
Although teaseed cake has numerous benefits, there are certain drawbacks that are limiting its usage. The higher content of saponin in teseed cake can lead to long term sublethal effects to the crustacean immune system and minor side effects to several other animal species.
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As per FMI, Asia Pacific market is slated to grow at a faster CAGR over the forecast period, owing to the heavy presence of teaseed cake manufacturers, rising government support, easy availability of teaseed cake at lower prices and well-established agricultural sector.
Asia Pacific countries such as China and India are experiencing huge demand for teaseed cake due to flourishing aquaculture and agriculture sectors. These countries are major exporters of fish and agricultural products across the globe.
Similarly, surging food demand across the Asia Pacific region due to rapidly increasing populations is creating growth prospects for teaseed cake in the region. According to the World Population Review, total population of China and India in 2020 stood at over 1.44 billion and 1.39 billion respectively. In order to sustain such an enormous population, farmers are increasingly using various technologies, fertilizer and pesticides to increase food production. This will continue to boost the sales of teaseed cake in the region during the forecast period.
The North American teaseed cake market is expected to register significant growth during the forecast period on account of the rising demand for natural pesticides and fertilizers, increase in the number of aquacultural projects and presence of leading market players.
Farmers across countries like the United States and Canada have been using various synthetic fertilizers and pesticides for a very long time now. However, with growing popularity of organic farming and rising focus on sustainability, farmers have shifted their preferences towards natural products like teaseed cake. This is providing a strong thrust to the growth of teaseed cake market across North America.
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Some of the key participants present in the global teaseed cake market include Taiwan Fu Kung Industrial Co., Ltd., S. Joshi & Company, FLH, Ltd, Neospark Drugs and Chemicals Private Limited, Blue Weight Biotech LLP, Anhul Huayin Camellia Oil Co., Ltd., Xian Pincredit Bio-Tech Co., Ltd., Gih Hwa Enterprise Co., Ltd., Xian Shan Yuan Agriculture & Technology Co., Ltd., Yichun City Qingsong Industry Co. Ltd., Jiangxi Golden Deer Oil Co., Ltd.
Attributed to the presence of a large number of domestic and regional players, the global teaseed market is highly competitive in nature. Key players are using growth strategies such as partnership with farmers, expansion of production capacities, integration of modern manufacturing technologies and price reduction to gain a competitive edge in the market.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of XX% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015-2020 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Product Type, Application, End Use, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; APEJ; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC,South Africa |
| Key Companies Profiled | Taiwan Fu Kung Industrial Co., Ltd.; S. Joshi & Company; FLH Ltd; Neospark Drugs and Chemicals Private Limited; Blue Weight Biotech LLP; Anhui Huayin Camellia Oil Co., Ltd.; Xian Pincredit Bio-Tech Co., Ltd.; Gih Hwa Enterprise Co., Ltd.; Xian Shan Yuan Agriculture & Technology Co., Ltd.; Yichun City Qingsong Industry Co. Ltd.; Jiangxi Golden Deer Oil Co., Ltd. |
| Customization | Available Upon Request |
As per FMI, Asia Pacific is anticipated to remain the most opportunistic market for teaseed cake over the assessment period.
Taiwan Fu Kung Industrial Co., Ltd., S. Joshi & Company, FLH, Ltd, Neospark Drugs and Chemicals Private Limited, Blue Weight Biotech LLP, Anhul Huayin Camellia Oil Co., Ltd., Xian Pincredit Bio-Tech Co., Ltd., Gih Hwa Enterprise Co. are some prominent teaseed cake manufacturers
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