February 28, 2024

Nutrient Recycling Market Connected With Ostara Nutrient Recovery Technologies Inc.

The global Nutrient Recycling Market is estimated to be valued at US$ 4.98 Billion in 2023 and is expected to exhibit a CAGR Of 5.9% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

The global nutrient recycling market involves recovering nutrients from organic waste streams such as animal manure, food waste, wastewater treatment sludge and converting them into beneficial products. These recovered nutrients mainly include nitrogen, phosphorus and potassium which are essential for plant growth. Nutrient recycling helps reduce environmental pollution, lowers production costs and improves farm sustainability. The products obtained from nutrient recycling such as struvite, COMPOST and bio fertilizers provide a cost effective alternative to chemical fertilizers and help replenish soil nutrients.

Market key trends:

One of the major trends in the nutrient recycling market is the increasing focus on recovering nutrients from wastewater. Cities worldwide generate vast volumes of wastewater which if untreated can cause water pollution. Nutrient recycling technologies such as struvite precipitation are now widely used to recover nutrients like phosphorus and nitrogen from municipal and industrial wastewaters. The recovered nutrients are then used to produce slow release fertilizers. Additionally, the growing adoption of precision farming and focus on circular economy is also driving the demand for recycled nutrients. Precision farming aids in applying the right nutrient and right amount to fulfill crop requirements. This minimizes environmental impacts and increases farm productivity.

Porter’s Analysis

Threat of new entrants: The nutrient recycling market has moderate threat from new entrants due to high capital requirement to establish new manufacturing facilities and technology upgradation costs.

Bargaining power of buyers: Buyers in the nutrient recycling market have low bargaining power due to specialized nature and limited availability of nutrient recycling technology and equipment globally.

Bargaining power of suppliers: Suppliers have moderate bargaining power owing to intellectual property protection and specialized R&D experience required for new product development in the nutrient recycling market.

Threat of new substitutes: Low threat from substitutes as nutrient recycling is one of the sustainable alternatives available for organic waste management and recovery of nutrients.
Competitive rivalry: High as key players actively focus on new technology innovations to gain competitive advantage in the nutrient recycling market.

Key Takeaways

The global Nutrient Recycling Market is expected to witness high growth, exhibiting CAGR of 5.9% over the forecast period, due to increasing environmental regulations regarding nutrient pollution control. The market was valued at US$ 4.98 billion in 2023.

Regional analysis: North America dominated the market with largest share in 2023 due to stringent regulatory framework and growing collaborative efforts between technology providers and farmers in the US and Canada. Asia Pacific is expected to witness fastest growth during the forecast period led by growth in livestock industry and investments by key players in China and India.

Key players: Ostara Nutrient Recovery Technologies Inc., Nutrient Recovery & Upcycling LLC, Cambi AS, AgriProtein Holdings Ltd., Anuvia Plant Nutrients, Ostrevent, Veolia, BioHiTech Global Inc., DVO, Inc., AgriReNew, Inc., Smithfield Foods, Inc., Aqua Green, Elemental Enzymes, Suez, Bioprocess Control are some of the prominent players operating in the nutrient recycling market. Key players actively focus on new technology innovations to gain competitive advantage in the market.

*Note:

  1. Source: Coherent Market Insights, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it