The report "Meat Processing Equipment Market by Type (Cutting, Blending, Tenderizing, Filling, Slicing, Grinding, Smoking), Product Type (Fresh Processed, Raw Cooked, Precooked, Raw Fermented, Cured), Meat Type, Mode of Operation, & Region - Global Forecast to 2026", published by MarketsandMarket. The meat processing equipment market is projected to grow from USD 6.8 billion in 2019 to USD 9.7 billion by 2026, recording a compound annual growth rate (CAGR) of 5.2% during the forecast period. The major factors driving the growth of the meat processing equipment market include the growing consumption of processed meat products, premiumization in meat products, and rising food safety concerns among consumers.
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The massaging equipment segment is projected to grow at the highest CAGR during the forecast period.
The meat processing equipment market is segmented, on the basis of type, into cutting, blending, tenderizing, filling, slicing, grinding, smoking, massaging, and other types (injectors, emulsifiers, and ice flakers).The massaging equipment segment is projected to grow at the highest CAGR during the forecast period, as this equipment has been increasingly used to process both sensitive and less-sensitive meat portion without changing its texture and size, resulting in improved meat products.
Browse in-depth TOC on "Meat Processing Equipment Market"
117 - Tables
37 - Figures
160 - Pages
The fresh processed meat segment is projected to account for the largest market share in the meat processing equipment market during the forecast period.
The meat processing equipment market is segmented, on the basis of product type, into fresh processed meat, raw cooked meat, precooked meat, raw fermented sausage, cured meat, dried meat, and other product types (sun drying, mincing, and grinding) The fresh processed meat segment is projected to be a leading segment in the meat processing equipment market due to increased consumer preference for fresh processed meat. Some of the fresh meat products preferred by consumers include sausages, patties, and kebabs.
The market for processed pork is projected to grow at the highest CAGR during the forecast period.
The meat processing equipment market is segmented, on the basis of meat type, into processed beef, processed pork, processed mutton, and other processed meat types (the meat of horses, rabbits, camels, and yaks). The processed pork segment is projected to grow at the highest CAGR during the forecast period, owing to the rising demand for pork due to its high protein, amino acid, and vitamin content. Furthermore, lower prices of processed pork, in comparison with processed beef, are also driving the market.
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The North American region is projected to account for the largest market share in the meat processing equipment market during the forecast period.
The North American region is projected to account for the largest market share in the meat processing equipment market during the forecast period. This can be attributed to owing to the largest concentration of meat processors, equipment manufacturers, and distributors involved in the meat processing equipment market. Furthermore, the shortage of labor in this region and the availability of varied equipment are other factors driving this market. Owing to a higher demand for processed meat, many beef processors are present in the region, which has also contributed to its market growth.
The prominent vendors in the meat processing equipment market include GEA Group (Germany), JBT Corporation (US), Marel (Iceland), Illinois Tool Works (US), The Middleby Corporation (US), Bettcher Industries (US), Equipamientos Carnicos (US), Biro Manufacturing (US), Braher (Spain), RZPO (Russia), Bizerba (Germany), Riopel Industries (Germany), Minerva Omega Group (Italy), Risco (Italy), Millard Manufacturing Corporation (US), Apache Stainless Equipment Corporation (US), Gee Gee Foods & Packaging (India), PSS Svidnik (Presovsky), Ross Industries (US), and Metalbud Nowicki (Poland).
Wednesday, July 29, 2020
Dairy Ingredients Market is projected to reach $81.4 billion by 2025
The report "Dairy Ingredients Market by Type (Proteins, Milk Powder, Milk Fat Concentrate, Lactose & Its Derivatives), Application (Infant Formulas, Sports Nutrition, Dairy Products), Livestock, Form, and Region - Global Forecast to 2025", published by MarketsandMarket, The global dairy ingredients market is estimated to be valued at USD 53.8 billion in 2019 and is projected to reach a value of USD 81.4 billion by 2025, growing at a CAGR of 7.1% during the forecast period. Rise in consumption of ready-to-eat and functional foods, complemented by the versatile application of dairy ingredients, and increased consumer awareness on healthy eating among consumers, have been driving the global dairy ingredients market.
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The milk powder segment is estimated to witness the largest growth in the dairy ingredients market, in terms of value, in 2019
The rise in health awareness among consumers has resulted in the high demand for low-fat and healthy food and beverage options. Milk powder, being one of the main ingredients in such food recipes, translates a high growth potential for the dairy ingredients market. Dairy ingredients, as a substitute to milk, provide richness to food products and has a longer shelf life than milk. Thus, food manufacturers prefer dairy ingredients over conventional dairy products.
Browse in-depth TOC on "Dairy Ingredients Market"
115 - Tables
68 - Figures
228 - Pages
The dry form segment is estimated to account for a larger market share among the different forms of the dairy ingredients, in terms of value, in 2019
The dry form of all types of dairy ingredients is preferred by food manufacturers, owing to the ease in transportation in comparison to the liquid form. Even the cold storage cost for the dry form is lesser, which further reduces the final cost of the product. Dried format of dairy ingredients also has a longer shelf life and is easy to handle, thereby increasing the demand for dry ingredients among the manufacturers.
The market for cows, by livestock, is estimated to account for the largest market share, in 2019
Cows are the preferred livestock as compared to all other cattle, due to the manufacturing of milk in most of the regions. This is majorly owing to its low purchase and maintenance costs. The yield of milk is higher in cows as compared to other cattle. Also, animals, such as camels and goats, have high maintenance and produce lesser yield.
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The demand for functional foods has created opportunities for dairy ingredient manufacturers in the emerging markets
The Asia Pacific region is the dominant market for dairy ingredients and is expected to experience the fastest growth among all the regions. Rise in health awareness has pushed the market for functional and fortified foods, which is creating the demand for dairy ingredients. Manufacturers have been using dairy ingredients since they are known to have versatile functional and nutritional properties such as providing richness, texture, flavor, and color to food products. Ingredients, such as milk powder, are being used in infant formulas and sports drinks. As the millennial population in the region is large, the demands for such food and beverages is high.
This report includes a study on the marketing and development strategies, along with the product portfolios of the leading companies operating in the dairy ingredients market. It includes the profiles of leading companies such as FrieslandCampina (The Netherlands), Groupe Lactalis (France), Arla Foods (Denmark), Saputo (Canada), Fonterra Co-operative Group (New Zealand), Dairy Farmers of America (US), Kerry Group (Ireland), Ornua (Ireland), AMCO Proteins (US), Prolactal (Austria), Valio (Finland), Glanbia (Ireland), Hoogwegt Group (The Netherlands), Batory Foods (USA), Ingredia SA (France), Agropur (Canada), and Euroserum (France).
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The milk powder segment is estimated to witness the largest growth in the dairy ingredients market, in terms of value, in 2019
The rise in health awareness among consumers has resulted in the high demand for low-fat and healthy food and beverage options. Milk powder, being one of the main ingredients in such food recipes, translates a high growth potential for the dairy ingredients market. Dairy ingredients, as a substitute to milk, provide richness to food products and has a longer shelf life than milk. Thus, food manufacturers prefer dairy ingredients over conventional dairy products.
Browse in-depth TOC on "Dairy Ingredients Market"
115 - Tables
68 - Figures
228 - Pages
The dry form segment is estimated to account for a larger market share among the different forms of the dairy ingredients, in terms of value, in 2019
The dry form of all types of dairy ingredients is preferred by food manufacturers, owing to the ease in transportation in comparison to the liquid form. Even the cold storage cost for the dry form is lesser, which further reduces the final cost of the product. Dried format of dairy ingredients also has a longer shelf life and is easy to handle, thereby increasing the demand for dry ingredients among the manufacturers.
The market for cows, by livestock, is estimated to account for the largest market share, in 2019
Cows are the preferred livestock as compared to all other cattle, due to the manufacturing of milk in most of the regions. This is majorly owing to its low purchase and maintenance costs. The yield of milk is higher in cows as compared to other cattle. Also, animals, such as camels and goats, have high maintenance and produce lesser yield.
Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=974
The demand for functional foods has created opportunities for dairy ingredient manufacturers in the emerging markets
The Asia Pacific region is the dominant market for dairy ingredients and is expected to experience the fastest growth among all the regions. Rise in health awareness has pushed the market for functional and fortified foods, which is creating the demand for dairy ingredients. Manufacturers have been using dairy ingredients since they are known to have versatile functional and nutritional properties such as providing richness, texture, flavor, and color to food products. Ingredients, such as milk powder, are being used in infant formulas and sports drinks. As the millennial population in the region is large, the demands for such food and beverages is high.
This report includes a study on the marketing and development strategies, along with the product portfolios of the leading companies operating in the dairy ingredients market. It includes the profiles of leading companies such as FrieslandCampina (The Netherlands), Groupe Lactalis (France), Arla Foods (Denmark), Saputo (Canada), Fonterra Co-operative Group (New Zealand), Dairy Farmers of America (US), Kerry Group (Ireland), Ornua (Ireland), AMCO Proteins (US), Prolactal (Austria), Valio (Finland), Glanbia (Ireland), Hoogwegt Group (The Netherlands), Batory Foods (USA), Ingredia SA (France), Agropur (Canada), and Euroserum (France).
Tuesday, July 28, 2020
Latest Innovation in Global in Pea Protein Market
The report "Pea Protein Market by Type (Isolates, Concentrates, and Textured), Form (Dry and Wet), Source (Yellow split peas, Lentils, and Chickpeas), Application, and Region (North America, Europe, Asia Pacific, South America, and Rest of the World) - Global Forecast to 2025", published by MarketsandMarkets. The pea protein market is projected to grow from USD 745 million in 2020 to USD 1,400 million by 2025, recording a compound annual growth rate (CAGR) of 13.5% during the forecast period. Key factors driving the growth of the pea protein market include the growing vegan population and the functional benefits and allergen-friendly nature of pea protein in food and beverage products.
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The textured subsegment, on the basis of type, is projected to be the fastest-growing segment in the pea protein market during the forecast period.
Textured pea protein contains a high amount of amino acids and has better levels of lysine and glutamine than other plant-based proteins. Textured pea protein is a healthy alternative to textured soy protein, as it caters to allergen issues, sustainability issues, estrogen issues, and concerns over GMO (Genetically Modified) soybean. It also contains both soluble and insoluble fiber, mostly constituted by pectic substances and hemicellulose. The fiber provides not only healthy nutritional benefits but also many functional attributes to food systems.
Browse in-depth TOC on "Pea Protein Market"
124 - Tables
55 - Figures
196 - Pages
The meat substitutes subsegment is projected to account for the largest share in the pea protein market during the forecast period.
Pea protein is used as a key ingredient in the manufacturing of meat substitute products, such as burgers, sausages, and other product types. Companies such as Impossible Foods (US) and Beyond Meat (US) are among the key industry participants in the meat substitutes market and utilize textured pea protein as the key ingredient in the manufacturing process. The taste of meat and meat-like texture of textured pea proteins are the key factors driving the market growth. Dry textured pea protein, when hydrated, resembles meat, and hence, can be used in meat substitute products.
The dry subsegment is projected to account for the largest share in the pea protein market during the forecast period.
Pea protein is extracted in the form of pea flour from sources, such as yellow split peas, peas, chickpeas, and lentils, with no chemical solvents, enabling it to maintain its functional and nutritional properties. Pea flour extracted from the process in the form of powder is dry pea protein. Textured dry pea protein is comparatively sustainable as against conventional protein sources and provides enhanced functionalities, thereby resulting in its use in various applications.
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The North American region is projected to be the fastest-growing market for pea protein during the forecast period.
The North American region is projected to be the fastest-growing market for pea protein during the forecast period. The region witnesses a high demand for pea protein in meat substitutes, functional foods, performance nutrition, and snacks. The growing trend of veganism has encouraged the growth of the North American pea protein market. Consumers are gradually shifting their diet preferences to vegan due to the associated health and wellness benefits. This paradigm shift in food culture is being supported by the health and fitness industries, medical communities, celebrities, and athletes, which has driven the demand for pea protein.
The rising incidences of obesity, cardiovascular diseases, and diabetes among the American population has also encouraged consumers to adopt vegan diets. Key manufacturers in the US include Puris (US), Ingredeion Inc. (US), DuPont (US), A&B Ingredients (US), Batory Foods (US), and NP Nutra (US).
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The textured subsegment, on the basis of type, is projected to be the fastest-growing segment in the pea protein market during the forecast period.
Textured pea protein contains a high amount of amino acids and has better levels of lysine and glutamine than other plant-based proteins. Textured pea protein is a healthy alternative to textured soy protein, as it caters to allergen issues, sustainability issues, estrogen issues, and concerns over GMO (Genetically Modified) soybean. It also contains both soluble and insoluble fiber, mostly constituted by pectic substances and hemicellulose. The fiber provides not only healthy nutritional benefits but also many functional attributes to food systems.
Browse in-depth TOC on "Pea Protein Market"
124 - Tables
55 - Figures
196 - Pages
The meat substitutes subsegment is projected to account for the largest share in the pea protein market during the forecast period.
Pea protein is used as a key ingredient in the manufacturing of meat substitute products, such as burgers, sausages, and other product types. Companies such as Impossible Foods (US) and Beyond Meat (US) are among the key industry participants in the meat substitutes market and utilize textured pea protein as the key ingredient in the manufacturing process. The taste of meat and meat-like texture of textured pea proteins are the key factors driving the market growth. Dry textured pea protein, when hydrated, resembles meat, and hence, can be used in meat substitute products.
The dry subsegment is projected to account for the largest share in the pea protein market during the forecast period.
Pea protein is extracted in the form of pea flour from sources, such as yellow split peas, peas, chickpeas, and lentils, with no chemical solvents, enabling it to maintain its functional and nutritional properties. Pea flour extracted from the process in the form of powder is dry pea protein. Textured dry pea protein is comparatively sustainable as against conventional protein sources and provides enhanced functionalities, thereby resulting in its use in various applications.
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The North American region is projected to be the fastest-growing market for pea protein during the forecast period.
The North American region is projected to be the fastest-growing market for pea protein during the forecast period. The region witnesses a high demand for pea protein in meat substitutes, functional foods, performance nutrition, and snacks. The growing trend of veganism has encouraged the growth of the North American pea protein market. Consumers are gradually shifting their diet preferences to vegan due to the associated health and wellness benefits. This paradigm shift in food culture is being supported by the health and fitness industries, medical communities, celebrities, and athletes, which has driven the demand for pea protein.
The rising incidences of obesity, cardiovascular diseases, and diabetes among the American population has also encouraged consumers to adopt vegan diets. Key manufacturers in the US include Puris (US), Ingredeion Inc. (US), DuPont (US), A&B Ingredients (US), Batory Foods (US), and NP Nutra (US).
Monday, July 27, 2020
Growth Strategies Adopted by Major Players in Starch Recovery Systems Market
The report "Starch Recovery Systems Market By Component (Refining sieves, Hydrocyclones and centrifuges, Vacuum filters, Screw conveyors, and Filling stations), Plant size (Large, Medium, and Small), Application, and Region - Global Forecast To 2023" The starch recovery systems market is estimated to be valued at USD 256 million in 2018 and is projected to reach USD 333 million by 2023 at a CAGR of 5.4%. Owing to factors such as the growing demand for snack food products; increasing environmental concerns; manufacturers’ inclination toward cost-efficient manufacturing processes and toward gaining profits from byproducts, the global market for starch recovery systems is projected to witness significant growth during the forecast period.
By component, the hydrocyclones and centrifuges segment is projected to be the largest contributor to the overall starch recovery systems market
during the forecast period, in terms of market share.
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The starch recovery systems market has been segmented, on the basis of component, into refining sieves, hydrocyclones and centrifuges, vacuum filters, screw conveyors, filling stations, and others (spray dryer, plate heat exchanger, and desander). The hydrocyclones and centrifuges segment is projected to dominate the market during the forecast period, in terms of value; it is projected to grow at the highest CAGR between 2018 and 2023. The growing potato processing industry and preferences for eco-efficient processing are driving the starch recovery systems market.
On the basis of application, the frozen products segment dominates the global starch recovery systems market.
The starch recovery systems market is segmented, on the basis of application, into frozen products, chips & snack pellets, dehydrated products, and others (canned potato and potato flour). The market for the frozen segment is projected to grow at a significant CAGR between 2018 and 2023. The increased demand for frozen potato products is positively impacting the growth of the starch recovery systems market.
By plant size, the large-scale potato processing industries are dominating the starch recovery systems market.
The starch recovery systems market is segmented, on the basis of plant size, into large, medium, and small. Large-scale plants are focusing on an eco-efficient process of generating starch from potato wastewater, creating a demand for starch recovery systems. The availability of budgets is one of the major factors due to which the large-scale industries have become early adopters of starch recovery systems. The need to reduce wastewater treatment costs and to earn additional profits by selling the recovered starch are some of the reasons to install the starch recovery systems. These factors are boosting the demand for starch recovery systems in the market.
Asia Pacific is projected to account for the largest market size during the forecast period.
Asia Pacific is projected to dominate the global starch recovery systems market during the forecast period. Expansion of the potato processing industry is driving the demand for starch recovery systems market in the Asia Pacific region. The potato processing industry in the Asia Pacific region is experiencing growth, owing to the increasing demand for processed potato products. Additionally, the potato processing industries have developed an inclination toward eco-efficient processing systems with better quality products and a reduced amount of industrial discharge, in recent years; this is also driving the market in this region. These factors are expected to create a potential market for starch recovery systems in the potato processing industry. Promising markets such as India and China, along with other Asian countries, hold great potential for the growth of starch recovery systems.
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Key Market Players:
Key players in the market include GEA (Germany), Alfa Laval (Sweden), Andritz (Austria), NivobaHovex (Netherlands), MICROTEC ENGINEERING GROUP (Australia), Myande Group (China), LARSSON SWEDEN (Sweden), Sino-Food Machinery (China), Flo-Mech (UK), Hiller GmbH (Germany), Flottweg (Germany), Stamex Technology (Thailand), and HAUS Centrifuge Technologies (Turkey). These players are increasingly undertaking new product launches, expansions & investments, and acquisitions & mergers to introduce and develop new technologies and products in the market and to expand their product portfolios in the untapped regions.
By component, the hydrocyclones and centrifuges segment is projected to be the largest contributor to the overall starch recovery systems market
during the forecast period, in terms of market share.
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https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=161195023
The starch recovery systems market has been segmented, on the basis of component, into refining sieves, hydrocyclones and centrifuges, vacuum filters, screw conveyors, filling stations, and others (spray dryer, plate heat exchanger, and desander). The hydrocyclones and centrifuges segment is projected to dominate the market during the forecast period, in terms of value; it is projected to grow at the highest CAGR between 2018 and 2023. The growing potato processing industry and preferences for eco-efficient processing are driving the starch recovery systems market.
On the basis of application, the frozen products segment dominates the global starch recovery systems market.
The starch recovery systems market is segmented, on the basis of application, into frozen products, chips & snack pellets, dehydrated products, and others (canned potato and potato flour). The market for the frozen segment is projected to grow at a significant CAGR between 2018 and 2023. The increased demand for frozen potato products is positively impacting the growth of the starch recovery systems market.
By plant size, the large-scale potato processing industries are dominating the starch recovery systems market.
The starch recovery systems market is segmented, on the basis of plant size, into large, medium, and small. Large-scale plants are focusing on an eco-efficient process of generating starch from potato wastewater, creating a demand for starch recovery systems. The availability of budgets is one of the major factors due to which the large-scale industries have become early adopters of starch recovery systems. The need to reduce wastewater treatment costs and to earn additional profits by selling the recovered starch are some of the reasons to install the starch recovery systems. These factors are boosting the demand for starch recovery systems in the market.
Asia Pacific is projected to account for the largest market size during the forecast period.
Asia Pacific is projected to dominate the global starch recovery systems market during the forecast period. Expansion of the potato processing industry is driving the demand for starch recovery systems market in the Asia Pacific region. The potato processing industry in the Asia Pacific region is experiencing growth, owing to the increasing demand for processed potato products. Additionally, the potato processing industries have developed an inclination toward eco-efficient processing systems with better quality products and a reduced amount of industrial discharge, in recent years; this is also driving the market in this region. These factors are expected to create a potential market for starch recovery systems in the potato processing industry. Promising markets such as India and China, along with other Asian countries, hold great potential for the growth of starch recovery systems.
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Key Market Players:
Key players in the market include GEA (Germany), Alfa Laval (Sweden), Andritz (Austria), NivobaHovex (Netherlands), MICROTEC ENGINEERING GROUP (Australia), Myande Group (China), LARSSON SWEDEN (Sweden), Sino-Food Machinery (China), Flo-Mech (UK), Hiller GmbH (Germany), Flottweg (Germany), Stamex Technology (Thailand), and HAUS Centrifuge Technologies (Turkey). These players are increasingly undertaking new product launches, expansions & investments, and acquisitions & mergers to introduce and develop new technologies and products in the market and to expand their product portfolios in the untapped regions.
What are the Known and Unknown Adjacencies Impacting the Bitterness Suppressors and Flavor Carriers Market
The bitterness suppressors and flavor carriers market is estimated at USD 192 million in 2018 and is projected to reach USD 244 million by 2023, at a CAGR of 4.9%. Rapid urbanization, changing lifestyles, and higher disposable incomes of individuals have positively impacted the demand for processed food & beverages. This has, in turn, directly impacted the growth of the bitterness suppressors and flavor carriers market. The rising demand from the pharmaceutical industry to curb the bitterness of many ingredients used in the production of medicines has also led to the increase in demand for bitterness suppressors. Use of flavor carriers for encapsulating flavors is trending, and this is also resulting in the rise in demand for flavor carriers from many flavor houses globally.
Based on category, the bitterness suppressors segment is projected to grow at a relatively higher CAGR from 2018 to 2023. The rise in demand for bitterness suppressors from the pharmaceutical industry for masking and suppressing the bitter taste of certain pharmaceutical ingredients is fueling the market growth of bitterness suppressors. Also, due to increased health awareness among consumers and rising preferences for functional and fortified food and beverages, there is an associated increase in the demand for bitterness suppressors to mitigate the bitter taste of many functional ingredients from these products.
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On the basis of form, the liquid segment of bitterness suppressors and flavor carriers is projected to grow at a relatively higher CAGR from 2018 to 2023. Liquid carriers are best-suited for easy blending of flavors and for ensuring uniform dissolution in the end product. Also, they facilitate handling of flavors. Mixing liquid carriers with flavors is a comparatively cheaper process, which also is one of the major reasons responsible for the increased use of liquid carriers.
Of the various applications of bitterness suppressors and flavor carriers, the beverages segment is projected to record the highest CAGR from 2018 to 2023. The beverage industry is on the boom because of both the alcoholic and non-alcoholic beverage segments. Due to increased consumer demand for low-calorie beverages, the use of sugar substitutes is in much demand. Bitterness suppressors are being used to curb the bitter taste associated with these substitutes. Also, due to the rise in demand for different regional flavors, the beverage industry is using many different flavors to produce beverages. This is also fueling the demand for flavor carriers globally in the beverage industry.
Based on flavor type, the artificial segment of flavor carriers is projected to grow at a relatively higher CAGR from 2018 to 2023. The market for artificial flavor carriers is much higher than the natural ones because they are readily and easily available and are much cheaper than the naturally derived ones.
Asia Pacific is estimated to dominate the flavor carriers market in 2018. Due to rapid urbanization and growing purchasing power of individuals in this region, the processed food industry is taking a leap. Also, the busy lifestyles and growing health awareness are driving the market for convenience foods and functional foods and beverages. These factors are increasing the demand for bitterness suppressors and flavor carriers. Due to greater opportunities in this market, many flavor houses are also expanding their presence in this region by setting up manufacturing units, R&D centers, or sales offices to expand their businesses in the Asia Pacific region.
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Key players in the market include Firmenich (Switzerland), Döhler (Germany), Givaudan (Switzerland), DowDuPont (US), Cargill (US), International Flavors and Fragrances (IFF) (US), Symrise (Germany), Kerry (Ireland), Sensient Technologies (US), Senomyx (US), Stepan Company (US), and DuPont Tate & Lyle (US). These players are increasingly undertaking new product launches, expansions and investments, acquisitions and partnerships, and mergers and collaborations to develop and introduce new technologies and products in the market and to expand their product portfolios in the untapped regions.
Based on category, the bitterness suppressors segment is projected to grow at a relatively higher CAGR from 2018 to 2023. The rise in demand for bitterness suppressors from the pharmaceutical industry for masking and suppressing the bitter taste of certain pharmaceutical ingredients is fueling the market growth of bitterness suppressors. Also, due to increased health awareness among consumers and rising preferences for functional and fortified food and beverages, there is an associated increase in the demand for bitterness suppressors to mitigate the bitter taste of many functional ingredients from these products.
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On the basis of form, the liquid segment of bitterness suppressors and flavor carriers is projected to grow at a relatively higher CAGR from 2018 to 2023. Liquid carriers are best-suited for easy blending of flavors and for ensuring uniform dissolution in the end product. Also, they facilitate handling of flavors. Mixing liquid carriers with flavors is a comparatively cheaper process, which also is one of the major reasons responsible for the increased use of liquid carriers.
Of the various applications of bitterness suppressors and flavor carriers, the beverages segment is projected to record the highest CAGR from 2018 to 2023. The beverage industry is on the boom because of both the alcoholic and non-alcoholic beverage segments. Due to increased consumer demand for low-calorie beverages, the use of sugar substitutes is in much demand. Bitterness suppressors are being used to curb the bitter taste associated with these substitutes. Also, due to the rise in demand for different regional flavors, the beverage industry is using many different flavors to produce beverages. This is also fueling the demand for flavor carriers globally in the beverage industry.
Based on flavor type, the artificial segment of flavor carriers is projected to grow at a relatively higher CAGR from 2018 to 2023. The market for artificial flavor carriers is much higher than the natural ones because they are readily and easily available and are much cheaper than the naturally derived ones.
Asia Pacific is estimated to dominate the flavor carriers market in 2018. Due to rapid urbanization and growing purchasing power of individuals in this region, the processed food industry is taking a leap. Also, the busy lifestyles and growing health awareness are driving the market for convenience foods and functional foods and beverages. These factors are increasing the demand for bitterness suppressors and flavor carriers. Due to greater opportunities in this market, many flavor houses are also expanding their presence in this region by setting up manufacturing units, R&D centers, or sales offices to expand their businesses in the Asia Pacific region.
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https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=118392505
Key players in the market include Firmenich (Switzerland), Döhler (Germany), Givaudan (Switzerland), DowDuPont (US), Cargill (US), International Flavors and Fragrances (IFF) (US), Symrise (Germany), Kerry (Ireland), Sensient Technologies (US), Senomyx (US), Stepan Company (US), and DuPont Tate & Lyle (US). These players are increasingly undertaking new product launches, expansions and investments, acquisitions and partnerships, and mergers and collaborations to develop and introduce new technologies and products in the market and to expand their product portfolios in the untapped regions.
Friday, July 24, 2020
Growth opportunities and latent adjacency in Refrigerated Warehousing Market
The refrigerated warehousing market is estimated to be valued at 17.98 billion in 2017 and is projected to grow at a CAGR of 10.2%, to reach USD 29.17 billion by 2022. The refrigerated warehousing market is driven by the rise in consumer demand for perishable foods such as fruits & vegetables, and meat, seafood, and dairy products. The rapid economic growth in countries such as China, India, and Australia & New Zealand has led consumers to opt for convenience foods. This, in turn, is increasing the demand for refrigerated warehousing, making Asia Pacific the fastest-growing region in the world. Expansion of retail channels in the form of supermarkets, hypermarkets, and convenience stores has further increased the importance of the refrigerated warehousing market.
Governments in several countries are taking initiatives to reduce food and agricultural waste by framing food wastage policies and supporting the food-related industries by setting up refrigerated warehousing facilities. For instance, the Canadian Food Safety and Quality Program (CFSQP) invested USD 49.7 million in the food industry for setting up refrigerated warehousing facilities.
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However, high energy consumption and infrastructure costs are expected to restrain the market growth over the next few years, especially in developing countries such as China, India, and Brazil where frequent power cuts are a major issue.
Based on technology, the blast freezing segment is projected to grow at the highest CAGR from 2017 to 2022. Blast freezing is the most versatile method for freezing seafood, meat, and other food products. This technology ensures increased control and protection from bacteria, preserves the nutrients of the food products, and is one of the most cost-effective methods for storing food products over a long period of time.
Based on temperature, the frozen segment is projected to grow at a higher CAGR during the forecast period. The frozen segment accounted for a larger market share as perishable food products such as meat, fish, and seafood require frozen temperature for storage.
Based on application, the fruits & vegetables segment is projected to grow at the highest CAGR through 2022, making it a key revenue pocket for the refrigerated warehousing industry players. Freezing fruits & vegetables helps retain their nutritional composition. Also, deep-frozen vegetables do not need tedious cleaning or cutting.
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Asia Pacific is projected to grow at the highest CAGR from 2017 to 2022, owing to rise in disposable income and increasing food wastage awareness. The major countries that contribute significantly to the growth of the Asia Pacific region are China, Japan, India, and Australia & New Zealand.
The expansion of supermarkets and quick-service restaurants due to the consumption of fast foods in countries such as India, Australia, and New Zealand is further expected to boost the refrigerated warehousing market.
Governments in several countries are taking initiatives to reduce food and agricultural waste by framing food wastage policies and supporting the food-related industries by setting up refrigerated warehousing facilities. For instance, the Canadian Food Safety and Quality Program (CFSQP) invested USD 49.7 million in the food industry for setting up refrigerated warehousing facilities.
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However, high energy consumption and infrastructure costs are expected to restrain the market growth over the next few years, especially in developing countries such as China, India, and Brazil where frequent power cuts are a major issue.
Based on technology, the blast freezing segment is projected to grow at the highest CAGR from 2017 to 2022. Blast freezing is the most versatile method for freezing seafood, meat, and other food products. This technology ensures increased control and protection from bacteria, preserves the nutrients of the food products, and is one of the most cost-effective methods for storing food products over a long period of time.
Based on temperature, the frozen segment is projected to grow at a higher CAGR during the forecast period. The frozen segment accounted for a larger market share as perishable food products such as meat, fish, and seafood require frozen temperature for storage.
Based on application, the fruits & vegetables segment is projected to grow at the highest CAGR through 2022, making it a key revenue pocket for the refrigerated warehousing industry players. Freezing fruits & vegetables helps retain their nutritional composition. Also, deep-frozen vegetables do not need tedious cleaning or cutting.
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Asia Pacific is projected to grow at the highest CAGR from 2017 to 2022, owing to rise in disposable income and increasing food wastage awareness. The major countries that contribute significantly to the growth of the Asia Pacific region are China, Japan, India, and Australia & New Zealand.
The expansion of supermarkets and quick-service restaurants due to the consumption of fast foods in countries such as India, Australia, and New Zealand is further expected to boost the refrigerated warehousing market.
Archer Daniels Midland Company (US) and Cargill (US) are the Key Players in the Fat Replacers Market
The report "Fat Replacers Market by Type (Carbohydrate-based, Protein-based, Lipid-based), Application (Bakery & Confectionery, Dairy & Frozen Desserts, Convenience Food & beverages, Sauces, Dressings, and Spreads), Form, Source, and Region - Global Forecast to 2022", The fat replacers market is estimated to be USD 1.48 Billion in 2017, and projected to reach USD 2.01 Billion by 2022, at a CAGR of 6.2% from 2017. The market is driven by factors such as increase in awareness about health & wellness and the rise in prevalence of obesity.
The global fat replacers market was dominated by North America in 2016. Asia Pacific is projected to be the fastest-growing market from 2017 to 2022. The change in consumers’ eating habits in terms of western cuisine, as well as the growth in the processed food industry, has led to the need for fat replacers.
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The global fat replacers market is characterized by moderate to low competition. Expansions & new product launches are the key strategies adopted by the key market players to ensure their growth in the market. The market is dominated by players such as ADM (US), DuPont (US), Cargill (US), Kerry Group (Ireland), FMC Corporation (US), Ingredion (US), Koninklijke DSM (Netherlands), and Ashland Inc (US).
Archer Daniels Midland Company (US)
ADM is a key player in the agriculture and food processing industry. It is engaged in the production of food ingredients, animal feed & feed ingredients, and biofuels. Its three business segments include oilseed processing, corn processing, and agricultural services. In the fat replacers market, ADM has a strong presence in Europe and North America.
It strives to enter and expand its business in the fat replacers market through efficient research & development, which has helped the company to offer innovative products to enhance its product line. This has resulted in sufficient profit generation. Additionally, its expansion and investment strategies have helped it to maintain its market position among competitors. For instance, in September 2015, the company set up a new innovation center in Kentucky, US, which will help the company enhance its information technology and support.
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Cargill (US)
Cargill offers products for industries such as food, agriculture, financial & industrial, pharmaceutical, and personal care products & services with more than 150 years of industry experience. The company is established as an international food conglomerate, with its wide range of offerings covering most of the sectors of the food & beverage industry. Cargill is one of the major players in the fat replacers market. It has a wide portfolio of products in the food industry, such as convenience foods and bakery products. The company focuses on expansions and new product launches to grow its geographic presence in untapped areas. For instance, in November 2015, it launched C¡ÙCreamTex 06329, a modified starch specifically designed to improve the texture and mouthfeel of the finished product.
The global fat replacers market was dominated by North America in 2016. Asia Pacific is projected to be the fastest-growing market from 2017 to 2022. The change in consumers’ eating habits in terms of western cuisine, as well as the growth in the processed food industry, has led to the need for fat replacers.
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https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=65076161
The global fat replacers market is characterized by moderate to low competition. Expansions & new product launches are the key strategies adopted by the key market players to ensure their growth in the market. The market is dominated by players such as ADM (US), DuPont (US), Cargill (US), Kerry Group (Ireland), FMC Corporation (US), Ingredion (US), Koninklijke DSM (Netherlands), and Ashland Inc (US).
Archer Daniels Midland Company (US)
ADM is a key player in the agriculture and food processing industry. It is engaged in the production of food ingredients, animal feed & feed ingredients, and biofuels. Its three business segments include oilseed processing, corn processing, and agricultural services. In the fat replacers market, ADM has a strong presence in Europe and North America.
It strives to enter and expand its business in the fat replacers market through efficient research & development, which has helped the company to offer innovative products to enhance its product line. This has resulted in sufficient profit generation. Additionally, its expansion and investment strategies have helped it to maintain its market position among competitors. For instance, in September 2015, the company set up a new innovation center in Kentucky, US, which will help the company enhance its information technology and support.
Make an Inquiry:
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=65076161
Cargill (US)
Cargill offers products for industries such as food, agriculture, financial & industrial, pharmaceutical, and personal care products & services with more than 150 years of industry experience. The company is established as an international food conglomerate, with its wide range of offerings covering most of the sectors of the food & beverage industry. Cargill is one of the major players in the fat replacers market. It has a wide portfolio of products in the food industry, such as convenience foods and bakery products. The company focuses on expansions and new product launches to grow its geographic presence in untapped areas. For instance, in November 2015, it launched C¡ÙCreamTex 06329, a modified starch specifically designed to improve the texture and mouthfeel of the finished product.
Wednesday, July 22, 2020
Known and Unknown Adjacencies Impacting the Savory Ingredients Market
The report "Savory ingredients Market by Type (Yeast extracts, Hydrolyzed vegetable proteins, Hydrolyzed animal proteins, Monosodium glutamate, Nucleotides), Application (Food, Feed), Origin (Natural, Synthetic), form, and Region - Global Forecast to 2022", The savory ingredients market is projected to reach a value of USD 8.46 Billion by 2022, at a CAGR of 5.61% from 2016. The market is driven by factors such as increase in consumption of ready-to-eat, ready-to-cook food, noodles, and increased demand for Umami flavor in almost all the regions of the world.
Market Dynamics
Drivers:
Rising demand for convenience food products
Changing food consumption habits of consumers in developing economies
Increasing demand for new product variant
Restraints:
Consumer awareness on health issues relating to savory ingredients and Consumer demand for clean labels
Stringent regulations
Opportunities:
Rising instant noodle industry
Challenges:
Increased cost of raw material & energy
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https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=193325783
The yeast extracts segment is projected to be the fastest-growing from 2016 to 2022.
This segment is projected to grow at the highest CAGR from 2016 to 2022. Yeast extracts are gaining popularity due to the shift of consumers towards natural food and feed ingredients. The increasing demand for natural food and feed ingredients has triggered the demand for yeast extracts. Increasing awareness about the benefits of natural food and feed ingredients is projected to drive the market for yeast extracts in the next six years.
The powder segment is projected to grow at a significant rate during the forecast period.
On the basis of form, the powder segment is the largest segment, and was followed by the liquid segment in 2015. The liquid segment is projected to grow at the highest CAGR from 2016 to 2022. The powder form is preferred due to its ease of mixing with the other ingredients.
The food segment is projected to be the largest from 2016 to 2022.
On the basis of application, food was the largest segment in 2015 and is projected to grow at the highest CAGR from 2016 to 2022. Growth of convenient and ready-to-eat meal industry has fueled the market for savory ingredients.
The natural segment is projected to grow at a significant rate during the forecast period.
With increase in awareness amongst consumers about the health and environmental concerns, the demand for the natural ingredients is increasing to ensure the quality and safety of food products. These ingredients do not contain any artificial or chemical flavoring substances, and can be used in their natural form. Focusing on the rising demand for natural food products and increasing health and wellness awareness among consumers, most chemically manufactured food ingredients are being replaced by natural ones.
The Asia-Pacific region is projected to grow at a significant rate from 2016 to 2022.
The Asia-Pacific market is projected to grow at the highest CAGR during the forecast period, owing to the increase in demand for food products. Growth in population, rise in disposable incomes, progressive urbanization, and increase in demand for food products have driven the market for savory ingredients. Growth is majorly witnessed in Vietnam, China, Japan owing to increase in purchasing power of the population.
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This report includes a study of marketing and development strategies, along with the product portfolio of leading companies, such as Koninklijke DSM N.V. (Netherlands), Ajinomoto Co., Inc. (Japan), Kerry Group plc (Ireland), Tate & Lyle plc (U.K.), and Givaudan (Switzerland).
Market Dynamics
Drivers:
Rising demand for convenience food products
Changing food consumption habits of consumers in developing economies
Increasing demand for new product variant
Restraints:
Consumer awareness on health issues relating to savory ingredients and Consumer demand for clean labels
Stringent regulations
Opportunities:
Rising instant noodle industry
Challenges:
Increased cost of raw material & energy
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https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=193325783
The yeast extracts segment is projected to be the fastest-growing from 2016 to 2022.
This segment is projected to grow at the highest CAGR from 2016 to 2022. Yeast extracts are gaining popularity due to the shift of consumers towards natural food and feed ingredients. The increasing demand for natural food and feed ingredients has triggered the demand for yeast extracts. Increasing awareness about the benefits of natural food and feed ingredients is projected to drive the market for yeast extracts in the next six years.
The powder segment is projected to grow at a significant rate during the forecast period.
On the basis of form, the powder segment is the largest segment, and was followed by the liquid segment in 2015. The liquid segment is projected to grow at the highest CAGR from 2016 to 2022. The powder form is preferred due to its ease of mixing with the other ingredients.
The food segment is projected to be the largest from 2016 to 2022.
On the basis of application, food was the largest segment in 2015 and is projected to grow at the highest CAGR from 2016 to 2022. Growth of convenient and ready-to-eat meal industry has fueled the market for savory ingredients.
The natural segment is projected to grow at a significant rate during the forecast period.
With increase in awareness amongst consumers about the health and environmental concerns, the demand for the natural ingredients is increasing to ensure the quality and safety of food products. These ingredients do not contain any artificial or chemical flavoring substances, and can be used in their natural form. Focusing on the rising demand for natural food products and increasing health and wellness awareness among consumers, most chemically manufactured food ingredients are being replaced by natural ones.
The Asia-Pacific region is projected to grow at a significant rate from 2016 to 2022.
The Asia-Pacific market is projected to grow at the highest CAGR during the forecast period, owing to the increase in demand for food products. Growth in population, rise in disposable incomes, progressive urbanization, and increase in demand for food products have driven the market for savory ingredients. Growth is majorly witnessed in Vietnam, China, Japan owing to increase in purchasing power of the population.
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This report includes a study of marketing and development strategies, along with the product portfolio of leading companies, such as Koninklijke DSM N.V. (Netherlands), Ajinomoto Co., Inc. (Japan), Kerry Group plc (Ireland), Tate & Lyle plc (U.K.), and Givaudan (Switzerland).
COVID-19 Impact on Feed Market
Post COVID-19,
the global feed market size is estimated to grow from USD 282.8 billion in 2020
and is projected to reach USD 289.0 billion by 2021, recording a CAGR of 2.2%
during 2020–2021. .
The major factors
driving the growth of the feed market include increasing awareness regarding
animal health and biosecurity.
The rising awareness about livestock nutrition, modernization of the livestock
industry, and the rise in the consumption of meat & other livestock-based
products have led to an increase in the market size of feed additives. However,
due to COVID-19, feed manufacturers and producers are becoming more aware of
techniques and strategies to cope up with the situation. This, in turn, is projected
to drive the demand for feed additives, as the market growth starts
stabilizing.
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Cargill, a major producer
of animal nutrition and health, has made an investment of USD 240 million to
support livestock farmers in India (Kota, Rajasthan), as of February 2019. The
motive behind the investment was to set up a greenfield premix plant in Kota,
Rajasthan. The plans were shared at a meeting between the Cargill team, industries,
and the government in Rajasthan.
Cargill Animal
Nutrition is a global business unit of Cargill and has more than 23,000
employees with 280 facilities in 40 countries, serving customers in more than
100 countries. The company’s animal nutrition business manufactures and serves
dairy, poultry, shrimp, and fish farmers with value-added products and services
in India’s every state. Cargill sells its products under the animal health and nutrition brands, such
as Bestmin Gold, UTPP, and G-promin.
Archer Daniels
Midland Company (NYSE: ADM) acquired Neovia with USD 1.68 billion (€1.544),
creating a global leader in value-added products and solutions for companion
animals.
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According to the
company, the acquisition of Neovia represents a major milestone in the
execution of the company’s strategic plan to become a global leader in the
livestock nutrition sector. The objective behind the acquisition is to expand
its geographic reach and fulfill the need of its customers.
Tuesday, July 21, 2020
Latest Innovation in Global Stevia Market
The report "Stevia Market by Extract Type (Whole Leaf, Powdered, Liquid), Application (Dairy, Bakery & Confectionery, Tabletop Sweeteners, Beverages, Convenience Foods), Form (Dry, Liquid), and Region - Global Forecasts to 2022", The market for stevia is projected to grow at a CAGR of 9.5% from 2017 to reach a value of USD 771.5 Million by 2022.
Stevia has its own unique taste profile and sweetness intensity which is approximately 200 to 350 times greater than regular sugar. Many food & beverage companies use stevia to create products with enhanced taste and fewer total calories. With heavy investment in R&D, new applications such as zero-calorie products and flavor enhancers are emerging rapidly. Stevia offers several advantages such as sugar preplacement, reduction in calories, sweetness, texture, color, and flavor enhancement. Hence, stevia will be viewed as a business opportunity in the next five years. As a result, many multinational players have entered into the production of varied types of stevia.
Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=167065378
Market Dynamics
Growing concerns with regard to sugar, high-fructose corn syrup, and aspartame have shifted the manufacturer’s focus to the usage of stevia for food & beverage applications
Dairy: Stevia is used as an alternative for sucrose
The dairy industry has been strongly influenced by the advantages of using stevia. In an effort to reduce childhood obesity and boost milk sales, the International Dairy Association (IDEA) and the National Milk Producers Federation (NMPF) petitioned the FDA to change the definition of “milk” and 17 other dairy products, including sour cream and yogurt. This change would allow the dairy industry to add aspartame and other sweeteners such as stevia to products without including prominent labels for consumers.
Bakery & confectionery products: Stevia has numerous benefits in confectionery products due to its physical and chemical properties
The most commonly used sweeteners, sucrose, dextrose (glucose), and corn syrups are fundamental in the production of confectionery items such as hard candy, caramel, taffy, chewing gum, chocolate, and gummed candies. In addition to their function in these items, they are widely used due to their low cost, availability, and ease of use during processing. The formulations of many sweetened confections are centered on the properties of stevia. Depending on the confection, stevia helps provide sweetness, improved mouthfeel, crystallization, texture, form, extended shelf life, flavor, and color to the final product.
Tabletop sweeteners: Acts as a natural sweetener and low-calorie alternative to sugar and other artificial sweeteners
Stevia is used as a substitute for sugar to add natural sweetness to hot or cold beverages, to be sprinkled on fruits, or for use in several cooking and baking recipes. Stevia, as a tabletop sweetener, is a source of sweetness 200–300 times sweeter than sugar and is suitable for diabetics and people suffering from phenylketonuria. Natuvia by PureCircle, SteviaFirst Corp, and Truvia are some of the commonly known brands of stevia as a tabletop sweetener.
Beverages: Imparts health benefits to zero- or low-calorie beverages
Alternative sweeteners such as stevia are essential as they provide and expand beverage choices to control caloric, carbohydrate, or specific sugar intake. In case of beverages, stevia is the most preferred option as the bulking properties provided by sugar are not required. Stevia is one of the most common natural sweeteners used for zero- or low-calorie beverages. It is mostly used in beverages such as diet carbonated drinks, flavored water, soft drinks, fruit juices, ready-to-drink beverages, and sports & energy drinks.
Convenience foods: Enhances the properties of food products
Stability, texture, sweetness, and mouthfeel of convenience food are essential factors that appeal to consumers. The other important factors that are essential to enhance the product appeal include shelf-stability, proper shape, color, taste, flavor, volume, and consistency. Stevia blends help to impart these properties to the food product without impacting its quality and its appeal to the consumers. Leading food ingredient manufacturers offer a broad range of stevia blends to meet these requirements.
The Asia Pacific region accounted for the largest market share for stevia, followed by North America and RoW. With a population of more than 4.2 billion and rising income of consumers, stevia sweeteners are projected to witness an increase in the customer base in the Asia Pacific as it is an important segment of the sweeteners industry. The Asia-Pacific region is projected to be the fastest-growing market, with investments from several multinational manufacturers, particularly in countries such as Japan, China, and India.
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The stevia market is fragmented and competitive, with a large number of players operating at regional and local levels. The key players in the market adopted strategies such as acquisitions & mergers, new product developments, and expansion & investments. Prominent players profiled in the report include Cargill (US), Ingredion Inc. (US), PureCircle Ltd. (Malaysia), and Tate & Lyle PLC (UK).
Stevia has its own unique taste profile and sweetness intensity which is approximately 200 to 350 times greater than regular sugar. Many food & beverage companies use stevia to create products with enhanced taste and fewer total calories. With heavy investment in R&D, new applications such as zero-calorie products and flavor enhancers are emerging rapidly. Stevia offers several advantages such as sugar preplacement, reduction in calories, sweetness, texture, color, and flavor enhancement. Hence, stevia will be viewed as a business opportunity in the next five years. As a result, many multinational players have entered into the production of varied types of stevia.
Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=167065378
Market Dynamics
Growing concerns with regard to sugar, high-fructose corn syrup, and aspartame have shifted the manufacturer’s focus to the usage of stevia for food & beverage applications
Dairy: Stevia is used as an alternative for sucrose
The dairy industry has been strongly influenced by the advantages of using stevia. In an effort to reduce childhood obesity and boost milk sales, the International Dairy Association (IDEA) and the National Milk Producers Federation (NMPF) petitioned the FDA to change the definition of “milk” and 17 other dairy products, including sour cream and yogurt. This change would allow the dairy industry to add aspartame and other sweeteners such as stevia to products without including prominent labels for consumers.
Bakery & confectionery products: Stevia has numerous benefits in confectionery products due to its physical and chemical properties
The most commonly used sweeteners, sucrose, dextrose (glucose), and corn syrups are fundamental in the production of confectionery items such as hard candy, caramel, taffy, chewing gum, chocolate, and gummed candies. In addition to their function in these items, they are widely used due to their low cost, availability, and ease of use during processing. The formulations of many sweetened confections are centered on the properties of stevia. Depending on the confection, stevia helps provide sweetness, improved mouthfeel, crystallization, texture, form, extended shelf life, flavor, and color to the final product.
Tabletop sweeteners: Acts as a natural sweetener and low-calorie alternative to sugar and other artificial sweeteners
Stevia is used as a substitute for sugar to add natural sweetness to hot or cold beverages, to be sprinkled on fruits, or for use in several cooking and baking recipes. Stevia, as a tabletop sweetener, is a source of sweetness 200–300 times sweeter than sugar and is suitable for diabetics and people suffering from phenylketonuria. Natuvia by PureCircle, SteviaFirst Corp, and Truvia are some of the commonly known brands of stevia as a tabletop sweetener.
Beverages: Imparts health benefits to zero- or low-calorie beverages
Alternative sweeteners such as stevia are essential as they provide and expand beverage choices to control caloric, carbohydrate, or specific sugar intake. In case of beverages, stevia is the most preferred option as the bulking properties provided by sugar are not required. Stevia is one of the most common natural sweeteners used for zero- or low-calorie beverages. It is mostly used in beverages such as diet carbonated drinks, flavored water, soft drinks, fruit juices, ready-to-drink beverages, and sports & energy drinks.
Convenience foods: Enhances the properties of food products
Stability, texture, sweetness, and mouthfeel of convenience food are essential factors that appeal to consumers. The other important factors that are essential to enhance the product appeal include shelf-stability, proper shape, color, taste, flavor, volume, and consistency. Stevia blends help to impart these properties to the food product without impacting its quality and its appeal to the consumers. Leading food ingredient manufacturers offer a broad range of stevia blends to meet these requirements.
The Asia Pacific region accounted for the largest market share for stevia, followed by North America and RoW. With a population of more than 4.2 billion and rising income of consumers, stevia sweeteners are projected to witness an increase in the customer base in the Asia Pacific as it is an important segment of the sweeteners industry. The Asia-Pacific region is projected to be the fastest-growing market, with investments from several multinational manufacturers, particularly in countries such as Japan, China, and India.
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https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=167065378
The stevia market is fragmented and competitive, with a large number of players operating at regional and local levels. The key players in the market adopted strategies such as acquisitions & mergers, new product developments, and expansion & investments. Prominent players profiled in the report include Cargill (US), Ingredion Inc. (US), PureCircle Ltd. (Malaysia), and Tate & Lyle PLC (UK).
Egg Replacers Market Will Hit Big Revenues in Future
The egg replacers market is projected to grow at a CAGR of 6.2% from 2017 to 2022, to reach a projected value of USD 1283.0 Million by 2022. Egg replacer products have become prominent in the recent years, due to the outbreak of avian flu in major regions such as North America and Europe. Also, the growth in inclination of consumers toward low fat and low cholesterol food products is fueling the demand for egg replacers, as increase in the prevalence of diseases such as cardiovascular diseases and diabetes has been seen in major Asia-Pacific countries.
The egg replacers market has been segmented on the basis of application, ingredient, source, form, and region. On the basis of application, the market has been segmented into bakery & confectionery, savories, sauces, dressings & spreads, and others. By ingredient, the market has been segmented into dairy proteins, starch, algal flour, soy based products and others. The market, by source, has been segmented into plant and animal source. On the basis of form, the market has been segmented into dry and liquid form. By key region, the market has been segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW).
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The bakery & confectionery segment is projected to be the largest during the review period. This is due to various functional properties such as better binding, emulsifications, foaming, and flavor enhancing offered by egg replacer products. Furthermore, the outbreak of avian flu in major geographical regions such as North America and Europe has created an immense potential for the egg replacers market owing to rise in threat of avian flu-affected eggs.
On the basis of ingredient, the soy-based products segment is projected to be the fastest-growing during the review period. Cheaper cost of raw material and better functionality in terms of mimicking the characteristics of eggs are some of the important factors that escalate the demand for this ingredient.
On the basis of form, the dry segment is projected to be the fastest-growing during the forecast period, owing to its easy handling and storage by the food manufacturers. The market for egg replacers in dry form is characterized by its properties such as long shelf life and better binding along with easy-to-use characteristics.
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The Asia-Pacific region, which includes India, China, Japan, and Australia, is projected to be the fastest-growing, between the years 2017 and 2022. The driving factors for the market in this region are increase in instances of diabetes and cardiovascular diseases in major countries such as India and China coupled with the rise in demand for low fat and low cholesterol food products. Companies such as Cargill (U.S.), E. I. du Pont de Nemours and Company (U.S.), Kerry Group (Ireland), and Ingredion Incorporated (U.S.) are some of the major egg replacers market participants with a strong presence in the Asia-Pacific region.
The egg replacers market has been segmented on the basis of application, ingredient, source, form, and region. On the basis of application, the market has been segmented into bakery & confectionery, savories, sauces, dressings & spreads, and others. By ingredient, the market has been segmented into dairy proteins, starch, algal flour, soy based products and others. The market, by source, has been segmented into plant and animal source. On the basis of form, the market has been segmented into dry and liquid form. By key region, the market has been segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW).
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=206833920
The bakery & confectionery segment is projected to be the largest during the review period. This is due to various functional properties such as better binding, emulsifications, foaming, and flavor enhancing offered by egg replacer products. Furthermore, the outbreak of avian flu in major geographical regions such as North America and Europe has created an immense potential for the egg replacers market owing to rise in threat of avian flu-affected eggs.
On the basis of ingredient, the soy-based products segment is projected to be the fastest-growing during the review period. Cheaper cost of raw material and better functionality in terms of mimicking the characteristics of eggs are some of the important factors that escalate the demand for this ingredient.
On the basis of form, the dry segment is projected to be the fastest-growing during the forecast period, owing to its easy handling and storage by the food manufacturers. The market for egg replacers in dry form is characterized by its properties such as long shelf life and better binding along with easy-to-use characteristics.
Make an Inquiry:
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=206833920
The Asia-Pacific region, which includes India, China, Japan, and Australia, is projected to be the fastest-growing, between the years 2017 and 2022. The driving factors for the market in this region are increase in instances of diabetes and cardiovascular diseases in major countries such as India and China coupled with the rise in demand for low fat and low cholesterol food products. Companies such as Cargill (U.S.), E. I. du Pont de Nemours and Company (U.S.), Kerry Group (Ireland), and Ingredion Incorporated (U.S.) are some of the major egg replacers market participants with a strong presence in the Asia-Pacific region.
Monday, July 20, 2020
Biopesticides: an Emerging Market With Promising Growth Potential
The global biopesticides market size is projected to grow at a CAGR of 14.7% from an estimated value of USD 4.3 billion in 2020 to reach USD 8.5 billion by 2025. Factors such as the increasing awareness of consumers about harmful effects of pesticide residues in crops, increase in demand for organic foods, government support to increase integrated pest management programs, phase-out of key active ingredients, and regulatory ban of pesticides that are detrimental to the public health and environment have led to a huge demand for biopesticides.
The entire biopesticidesmarket is consolidated, with a few players occupying a major share. The wide variety of products offered by these companies for various market trends covered, their strong brand value, their vast geographical presence in terms of manufacturing, R&D units, and distribution partners are the major reasons for this organized market. The key players in biopesticides market include BASF SE (Germany), Bayer AG (Germany), Biobest Group NV (Belgium), Certis USA L.L.C (US), Novozymes A/S (Denmark), Marrone Bio innovations (US), Syngenta AG (Switzerland), Nufarm (Australia), Som Phytopharma India Ltd (India), Valent Biosciences LLC (US), BioWorks, Inc. (US), STK Bio-ag (Israel), Andermatt Biocontrol AG (Switzerland), International Panaacea Ltd (India), Bionema (US), Vegalab S.A (US), Isagro S.p.A (Italy), FMC Corporation (US), Koppert Biological Systems (Netherlands), and UPL Ltd (India).
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BASF SE is one of the top players in the chemical industry across the world. The company operates through five major business segments, namely, functional materials & solutions, chemicals, performance products, agricultural solutions, and others. Biological solutions are offered by the company under the product portfolio for crop protection & seed, turf & ornamentals, and urban & rural pest control. This biological solutions segment includes biopesticides (biofungicides & bioinsecticides), inoculants, biostimulants, and pheromones, designed to be a part of IPM programs for both greenhouse and open field growers. The crop protection segment includes foliar- and drench-applied biological solutions. In 2019, the company launched new products in the biofungicide and bioinsecticide segments, which will strengthen the market position in the crop protection sector.
Syngenta AG is one of the key players in crop protection and seed enhancement business. It operates through crop protection, seeds, professional solutions, and flower markets. The agricultural biologicals are offered through its crop protection business segment. Under the crop protection division, the company offers its solutions for selective herbicides, non-selective herbicides, fungicides, insecticides, seed care, controls, and other crop protection products. The seeds business of Syngenta AG operates in high-value commercial sectors of field crops, including corn, oilseeds, cereals, and vegetables. The collaboration between DSM and Syngenta AG has helped develop microbial-based agricultural solutions, which is aiding the growth in biological solutions. The company has been investing in new product launches to expand its product portfolio and increase the customer base in various regions. In 2019, Syngenta AG launched its first bioinsecticide, Costar, which can be used on more than 50 crops and in 2020, Syngenta AG and Novozymes A/S (Denmark) launched biofungicide, TAEGRO in Europe and Latin America, which caters to the crop management programs against diseases and pests such as powdery mildew and Botrytis.
The North American region accounted for the largest share of the global market in 2019. The US is one of the leading countries for the export of various fruits and vegetables. The demand to meet international export standards is urging the farmers to adopt biological crop protection inputs. The increase in consumer demand for organic food and concerns regarding residue levels in foods is also driving farmers to adopt biopesticides in this region. There is presence of several key biopesticide manufacturers in the North American region, which has led to investments and research on biological crop protection products.
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