Scenarios of Impact of Corona-virus on Food Safety Testing Market

 The impact of COVID-19 on the food safety testing market size is estimated to be valued at USD 10.5 billion in 2020. It is projected to reach USD 12.3 billion by 2021, recording a CAGR of 16.6% from 2019 to 2021 in the realistic scenario. The increasing consumer awareness for safe and healthy food products drives the growth of the food safety testing market.

Companies in the testing industry are developing response actions and effective plans to help mitigate their risk and prepare for how they will deal with the effects of the COVID-19. The plans from food and beverage companies include establishing an interdisciplinary crisis response team of personnel from all aspects of their business to identify, assess, and manage the risk presented due to the ongoing pandemic crisis. This section covers short-term, mid-term, and long-term strategies adopted by industry players in the market to overcome the impact of COVID-19 on business.

Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=139341984

Increasing complexity in the supply chain due to the COVID-19 outbreak can lead to the growth in incidences of false labeling and certification. For this, companies are planning to expand their business offerings as a short term strategy to capture the testing demand across the supply chain. International trade may increase across many countries to streamline affected food supply chains. Due to these reasons, companies operating in food safety industries may find the opportunity to plan their mid-term business strategies for testing of food products. This can be done by expanding their testing capabilities across geographies considering international trade mandates.

Key players in the food safety testing market include Eurofins (Luxembourg), SGS (Switzerland), Intertek (UK), Bureau Veritas (France), and TÜV SÜD (Germany).

Eurofins (Luxembourg) is an international group of laboratories that provides testing and support services to the food industry as well as to governments. The company capitalizes on a portfolio of 150,000 reliable analytical methods that enable it to offer services that characterize and study the safety, identity, purity, composition, authenticity, and origin of products & biological substances.

Make an Inquiry:
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=139341984

SGS (Switzerland) is a public registered company and one of the leading service providers for food safety testing through setting up new laboratories across the globe. The company primarily offers inspection, verification, testing, certification, and quality assurance services.

Corona-virus And Animal 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 increasing 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 lead to an increase in demand for feed additives, as the market growth starts stabilizing.

Make an Inquiry:
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=183883928

Supply chain disruptions and impact on feed production have affected the feed market.
The poultry industry is battling rumors of coronavirus spreading through the consumption of meat and meat products. In some regions, lockdowns have been announced to control the coronavirus pandemic, which has been impacting the movement of vehicles carrying livestock, feed, and feed ingredients. On the other hand, raw material price volatility is a major challenge faced by feed manufacturers worldwide during COVID-19.

Shutdowns are leading to a loss in demand for meat, dairy, and animal products impacting the feed market.
Due to the COVID-19 pandemic, the demand for basic food or essentials has been on the rise. Despite the strong demand for meat, dairy, and aquaculture products amidst the coronavirus pandemic, the supply chain has witnessed a host of disruptions, which are stopping producers from providing their products in the market. For instance, disruptions in the supply chains are causing wastage of fresh produce in the US, even though there are a high demand and food shortage for dairy produce. Due to these factors, the market leader in the dairy industry, the Dairy Farmers of America, had to ask farmers to dump their milk.

The global export for beef and chicken meat trade has been reduced due to the emerging threats from the spread of COVID-19 pandemic. Furthermore, the economic growth in 2020 and the impact on consumers of the pandemic will dampen the demand for animal protein, subsequently affecting the feed market.

Key Market Players
Some of the major players in the feed market are Cargill (US), ADM (US), and BASF (Germany). Cargill is involved in the manufacturing and marketing of food products, agricultural produce, financial & industrial solutions, and animal nutrition & protein products. The company offers feed ingredients through the animal nutrition business segment. Cargill’s animal nutrition segment provides feed additives through its brand, Promote, for poultry, swine, beef, and dairy products.

Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=183883928

As the COVID-19 pandemic spreads across the world, the agriculture industry’s supply chain focuses on keeping employees and consumers safe while still providing vital equipment, services, commodities, feed products, and food products. According to the World Health Organization, Cargill has stopped all the non-essential and international business travels for the coming few weeks, due to which the supply for feed additives & ingredients is projected to decline in the coming years. However, the demand is projected to revive after the third quarter, as the impact of COVID-19 is projected to reduce. Despite various challenges and hindrances faced by the company, Cargill is delivering essential services globally by providing feed and food ingredients.

Key Trends Shaping the Yeast Market

 The report "Yeast Market by Type (Baker’s Yeast, Brewer’s Yeast, Wine Yeast, Probiotics Yeast), Form (Active, Instant, Fresh), Genus (Saccharomyces, Kluyveromyces), Application (Food, Feed), and Region - Global Forecast to 2025", published by MarketsandMarkets™, The global yeast market size is projected to reach USD 6.1 billion by 2025. According to MarketsandMarkets, the global yeast market size is estimated to be valued at USD 3.9 billion in 2020 and is projected to reach USD 6.1 billion by 2025, recording a CAGR of 9.6%.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=268

The fresh segment is projected to witness significant growth during the forecast period

Based on form, the yeast market is segmented into active, instant, and fresh. The fresh segment is projected to witness significant growth during the forecast period. Fresh yeast is majorly used in the production of bakery & confectionery products in the food industry. As it is a naturally- extracted food additive and a rich source of proteins, vitamins, and minerals, fresh yeast makes a perfect ingredient for bakery food products. The segment also accounted for a significant share in the global yeast market in 2019.

Browse in-depth TOC on "Yeast Market"

151 -Tables
46 - Figures
186 - Pages

The food segment is projected to hold a major share in the yeast market during the forecast period

Based on applications, the yeast market is segmented into food, feed, and other applications. The food segment is estimated to account for a larger share in the yeast market due to the growing usage of yeast in the bakery industry to produce fresh and high-quality products. Yeast is increasingly used in the food industry as a baking ingredient, flavorings, and seasoning agents. Since the demand for processed & baked food and non-carbonated beverages is increasing due to the changing lifestyle of consumers, the growth of the yeast market is projected to remain high.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=268

The Asia Pacific region is projected to witness the fastest growth during the forecast period

The Asia Pacific yeast market is projected to witness the fastest growth in the coming years. The large consumer base and increasing disposable incomes in India and China are factors that are projected to drive the demand for convenience & bakery food products with enhanced flavors. In addition, China and Japan are manufacturing hubs for yeast with increased concentration of manufacturers in these countries that focus on catering to the demand for yeast-based food & feed products. The rapid urbanization in countries, such as India and China, is a key factor that is projected to drive the growth of the yeast market in Southeast Asia during the forecast period.

This report includes a study of the marketing and development strategies, along with the product portfolios of the leading companies. It consists of the profiles of leading companies, such as include Angel Yeast Co. Ltd. (China), Associated British Foods PLC (UK), DSM N.V. (Netherlands), Kerry Group PLC (Ireland), Alltech (US), Lesaffre Group (France), Synergy Flavors (US), Sensient Technologies Corporation (US), Chr. Hansen Holdings A/S (Denmark), Lallemand Inc. (Canada), Leiber GmbH (Germany), Oriental Yeast Co., Ltd. (Japan), Halcyon Proteins (Australia), Food Chem International (China), ICC Brazil (Brazil), Biorigin (Brazil), Pacific Fermentation Industries (Canada) and Novozymes (Denmark).

What are the Known and Unknown Adjacencies Impacting the Pectin Market

 The pectin market size is estimated to account for a value of USD 1.0 billion in 2019 and is projected to grow at a CAGR of 6.5% from 2019, to reach a value of USD 1.5 billion by 2025. The increasing consumption of convenience food, rise in health consciousness, and multifunctionality of pectin (leading to their wide applications) drive the growth of the pectin industry..

The demand for pectin is high in developed markets such as the US and Europe. Developing countries, namely, China and India, are projected to experience a strong upsurge in demand for pectin in the coming years. This demand is expected to be driven by an increase in the production of processed and convenience foods. Emerging economies such as India and China in the Asia Pacific region are exhibiting high growth. The demand for the usage of pectin is expected to grow continually in developed countries such as Japan; additionally, exponential growth is projected in new and emerging markets such as China, India, and other Asia Pacific countries.

Request Sample of this Report:
https://www.marketsandmarkets.com/requestsampleNew.asp?id=139129149

Asia provides a cost advantage to the market, in terms of production and processing due to low prices of raw materials and cheap labor. The rise in living standards and changes in lifestyles in developing countries contribute to the development of the convenience food market; these factors consequently impact the hydrocolloids market. The demand for pectin is, therefore, estimated to witness growth potential in the newer markets of China, India, Japan, Brazil, and the Middle East, among others.

Companies are investing heavily in R&D to adjust the formulation of existing products and cater to customer requirements. Companies are innovating new products to benefit their customers. The rise in health concerns & the resultant consumer demand for healthy products and the need for custom-made pectin blends drive companies to invest more in research & development. Top players such as Cargill, Incorporated (US) and DowDupont (US) are continuously involved in research & development activities to meet the increasing demand for pectin. In February 2018, DuPont launched Grindsted Pectin Prime 541, a pectin product used for reduced sugar fruit spreads. This launch helped the company target the South Asian market. In October 2018, CP Kelco introduced GENU Explorer Pectin ND-200 for dairy dessert application.

The increasing demand for pectin in Europe and Asia Pacific is driving the growth of the pectin market.

The European and Asia Pacific countries are witnessing increasing demand for pectin mainly in the food & beverages industries. Europe accounted for the largest share of the global pectin market due to the high demand for convenience foods & functional dairy products and increasing consumption of jam & jellies and baked goods.

Asia Pacific is likely to be the fastest-growing region in the global pectin industry. The growth in the market is driven by the growing demand for convenience foods, functional dairy products, and baked goods, coupled with the changing consumer lifestyle in the region.

Make an Inquiry:
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=139129149

In the pharmaceutical industry, pectin is also used to reduce blood cholesterol levels and gastrointestinal disorders. The production of pharmaceutical products is growing because of the growing population and the increasing number of diseases. Emerging countries like China, Brazil, and India are markets that are growing rapidly in this area, are projected to increase the demand for pectins in the global market.

The major players such as DowDupont (US), Cargill, Incorporated (US), Ingredion Incorporated (US), CP Kelco (US), and Koninklijke DSM N.V. (Netherlands) in the pectin market are focusing on new product launches, merger & acquisitions, expansions & investments, agreements, collaborations, and partnerships to expand their global footprint.

Top Driving Factors of Refrigerated Transport Market

  According to MarketsandMarkets, the refrigerated transport market is estimated to be valued at USD 15.5 billion in 2019 and is projected to reach USD 21.6 billion by 2025, recording a CAGR of 5.8% from 2019 to 2025. The growing demand for frozen food due to the increasing urbanization and changing lifestyle are factors projected to drive the market for refrigerated transport.

Refrigerated transport services are gaining importance in the food industry due to the increasing demand for processed foods at a global level. The frozen and chilled food segments are projected to be the key revenue pockets for the refrigerated transport market in the near future. Developing countries such as India and Brazil are projected to create lucrative opportunities for frozen and chilled food manufacturers and service providers of refrigerated transport in the coming years.

Make an Inquiry:
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=779494

Service providers are looking for new strategies to select transport modes with a view to cutting costs and increasing supply chain efficiency. Currently, intermodal transport is increasingly used in the food & beverage industry. Intermodal transport relies primarily on rail shipments and transports perishable commodities using multiple modes of transportation (trucks, ship, and air). Reefer containers are also utilized in intermodal transport. Service providers take advantage of the attributes of both trucks and rail shipping. Refrigerated railroad cars save considerable fuel and carry high volumes of perishable commodities than cargos over long distances. Refrigerated trucks, vans, and trailers transport delivers between rail terminals and the final delivery point. Intermodal rail shipments can reduce highway congestion and emissions. Their ability to control costs is a primary driver, which will benefit service providers and end users. A single rail shipment also conserves approximately 100,000 gallons of diesel fuel, and according to EPA estimates, it reduces CO2 emissions by 85,000 metric tons a year.

Therefore, service providers are considering the adoption of this mode of transport for cost reduction, improvement in efficiency, and reduction of environmental impact.

Multi-temperature trucks store different products at different temperatures using multiple-refrigeration systems. These trucks and trailers are segmented into flexibly sized compartments using curtain-like structures called skinny buns. Multi-temperature compartments are similar to single-temperature compartments and use control and monitoring systems that assess the temperature of the refrigerated environment at regular intervals. Retailers using single temperature trailers have to list multiple trucks to deliver shipments. However, multi-temperature trucks combine these shipments in one load. They increase the capacity by up to 60%, depending on the design and materials used. The use of multi-temperature refrigerated trucks reduces emissions and is economical. These trucks witness significant demand, particularly in developed countries.

The Asia Pacific refrigerated transport market is projected to witness a higher growth potential in the coming years. Frozen and chilled food products provide the option of convenience, along with maintaining nutrition and are increasingly preferred among consumers in the emerging economies of Asia Pacific, due to the rapid urbanization and increased spending capacities. For instance, in 2019, a survey conducted by ASSOCHAM (The Associated Chambers of Commerce and Industry of India) stated that the packaged food market in India is expected to reach USD 72.6 billion by 2020 from USD 31.7 billion in 2015. This growth is attributed to a surge in the consumption of frozen foods, dairy products, ready-to-cook/ready-to-eat foods, and bakery products, which in turn, creates the demand for refrigerated transport for convenient and efficient transportation of such products.

Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=779494

Key players (food & beverage) in refrigerated container market include General Mills (US), Conagra Foods (US), Kraft Heinz Company (US), Nestle (Switzerland), Associated British Foods (UK), Kerry Group (Ireland), Unilever (UK), Mccain Foods Limited (Canada), Samworth Brothers Limited (UK), and Iceland Foods Ltd. (UK). These players have opted for different organic and inorganic strategies to increase their market share. Nestle, one of the major players in the market, adopted a well-established distribution strategy, which made it possible to deliver products in both the urban and rural markets. It adopted various strategies such as acquisitions, expansions & investments, new product launches, and agreements in the frozen and chilled foods segment, which increased the usage of refrigerated transportation. In addition, with the increasing preference for on-the-go food products, the demand for chilled and frozen food is projected to increase, which in turn, helps the company increase its sales.

Mushroom Cultivation Market: Opportunities And Challenges

 The mushroom cultivation market is estimated at USD 16.7 billion in 2020 and is projected to reach USD 20.4 billion by 2025, at a CAGR of 4.0% during the forecast period. Multiple health benefits associated with mushroom is one of the key factors expected to boost demand for mushroom cultivation in the years to come. The rise in the number of consumers adopting flexitarian and vegetarian diets both in developed and developing countries has further increased the demand for mushroom as a meat alternative.In developing countries, mushroom cultivation is gaining widespread interest among growers since it requires less labor, is low-cost, and provide income throughout the year. The availability of abundant agricultural waste in developing countries such as India and Brazil is expected to create a lucrative opportunity for mushroom cultivation in these countries since agricultural wastes act as a substrate for mushroom cultivation.

Based on the type, button mushroom accounts for the largest share in the mushroom cultivation market. Button mushroom is the most popularly grown and consumed mushroom type at a global level. Button mushroom is widely preferred among consumers in the US. In 2016, the country produced 943 million pounds of mushroom, most popular being button mushrooms. Growing health concerns have urged consumers to opt for nutrition-rich food products. Multiple health benefits associated with mushrooms coupled with increased demand for meat alternatives is expected to boost demand for mushrooms and thus increase the demand for mushroom cultivation in the coming years.

Make an Inquiry:
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=69443268

Asia Pacific was the largest market for mushroom cultivation in 2019, followed by Europe. The region is backed by China, which is among the largest producer and consumer of mushroom at a global level, making it a key destination for mushroom cultivation companies in the region. Apart from this, countries such as India, Japan, and Iran are expected to be key revenue generators. Iran ranks 6th at a global level interns of mushroom cultivation at a global level with a production volume of 150,000 tons in 2018-2019. Lucrative opportunity lie ahead in India owing to wide availability of agriculture waste in the country. This agriculture waste serves as a substrate for mushroom cultivation. Thus, Asia Pacific is expected to create a lucrative opportunity for mushroom cultivators in the years to come.

Mushroom cultivators are focusing on expanding their consumer base in the market. Leading players operating in the mushroom cultivation market include Monaghan Mushrooms (Ireland), Walsh Mushrooms Group (Ireland), Mycelia (Belgium), South Mill Mushrooms Sales (US), Smithy Mushrooms Ltd. (UK), Rheinische Pilz Zentrale GmbH (Germany), Italspwan (Italy), Mushroom SAS (Italy) Hirano Mushroom LLC (Kosovo), Fujishukin Co. Ltd. (Japan), Societa Agricola Porretta (Italy), Gourmet Mushrooms, Inc. (US), Fresh Mushroom Europe (Belgium), Commercial Mushroom Producers (Ireland), Lambert Spawn (US), F.H.U Julita Kucewicz (Poland), Polar Shiitake Oy (Finland), Heereco BV (Netherlands), Bluff City Fungi (US), and Mycoterra Farm (US).

Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=69443268

Catalyst Fertilizers Market is projected to reach $2.5 billion by 2023

 The report "Catalyst Fertilizers Market by Fertilizer Production Process (Haber-Bosch Process, Contact Process), Metal Group (Base Metals, Precious Metals), Fertilizer Application (Nitrogenous, Phosphatic), and Region – Global Forecast to 2023" The catalyst fertilizers market is projected to reach USD 2.5 billion by 2023, from USD 2.3 billion in 2018, at a CAGR of 2.36% during the forecast period. The market is driven by factors such as rising fertilizer production and growing concern about emissions of greenhouse gases.

Browse 74 market data Tables and 45 Figures spread through 133 Pages and in-depth TOC on "Catalyst Fertilizers Market – Global Forecast to 2023"

Inquiry before inquiry @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=225910652

The use of base metals for fertilizer production is projected to witness high growth during the forecast period.

Iron, copper, and nickel are the major base metals that exhibit efficient catalytic activity and are the majorly consumed catalysts across all industries. These metals are abundantly available in the market and are easily extracted by a majority of companies. These are less expensive as compared to precious metals, and the number of players offering these metals for catalytic action is also very high. Thus, it is projected to grow at the highest CAGR from 2018 to 2023.

Haber-Bosch process is estimated to dominate the catalyst fertilizers market in 2018.

Nitrogenous fertilizers are one of the highly consumed nutrients across the globe while ammonia is the most common nitrogen product used as a fertilizer. With the emergence of the Haber-Bosch process, ammonia synthesis has increased by a manifold with the help of catalysts. Since ammonia is the most produced fertilizer, which is further converted to urea and ammonium phosphates, Haber-Bosch is the dominant process for ammonia fertilizer production where catalysts are an important part of the plant process design.


Asia Pacific is estimated to dominate the market in 2018 and is projected to be the fastest-growing in the market through 2023.

With large fertilizer production in the Asia Pacific countries, the region dominated the market in 2017 and is projected to witness the fastest growth in the catalyst fertilizers market through 2023. The Asia Pacific market for catalyst fertilizers is driven by the rising need to increase crop yield and growing production of fertilizers. The growth in the production of fertilizers is mainly attributed to the increase in the consumption of fertilizers and support from the governments to increase production. The expansion of production facilities for ammonia and sulfuric acid in China and India and the growing awareness among manufacturers about the benefits of catalyst fertilizers in emission control of hazardous wastes are expected to provide more scope for market expansion. Moreover, ongoing R&D activities on better and efficient fertilizer manufacturing processes could render a scope for market growth. The government policies adopted by Asian countries toward sustainable agricultural practices and reduced GHG emissions from fertilizer industries, including support for the production of fertilizers in the form of subsidies, are major factors contributing to the growth of this market in the region.

This report includes a study of the development strategies of leading companies. The scope of this report includes a detailed study of catalyst fertilizers manufacturers such as Clariant International (Switzerland), DowDuPont (US), Project & Development India Ltd. (India), Johnson Matthey (UK), Haldor Topsoe (Denmark), LKAB Minerals (Sweden), N.E.Chemcat (Japan), QuantumSphere Inc. (US), Quality Magnetite (US), and Oham Industries (India).

Feed Enzymes Market: Key Factors behind Market’s Rapid Growth

 The global feed enzymes market size is estimated to be USD 1.3 billion in 2020 and is projected to reach USD 1.9 billion by 2025, at a CAGR of 8.1% during the forecast period. The market has a promising growth potential due to several factors, including the stringent safety regulations on livestock safety across the globe, increasing demand for meat and dairy products among consumers, and rising population with an increasing disposable income in emerging economies.

The feed enzymes market has promising growth potential due to several factors, including improving livestock health, increasing consumer awareness, and rising demand for animal products. The rapidly growing population in China and India has increased the demand for animal-based products. Several countries in North America and Europe have introduced regulations to take good care of the livestock population by the breeders.

The poultry segment is estimated to account for the largest share of during the forecast period, since enzymes are intensively consumed by poultry for better digestion, and have a high feed conversion rate and nutrient uptake, as compared to other livestock types. Poultry in the Asia Pacific region is witnessing the highest demand, as consumers in countries such as Thailand and Indonesia are including white meat instead of red meat in their diets. Additionally, factors such as poultry population growth, which has doubled in the last two decades, according to the Food and Agriculture Organization of the United Nations (FAO), support this high growth rate for the poultry segment.

Make an Inquiry:
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1157

The dominance of the dry form is majorly attributed toward its structure, which makes it free-flowing, consistent, and ease to mix. Additionally, its ability to sustain temperature in fodder processing, better thermal stability, and ease of handling make this form of enzyme easy to store and logistically favorable. Furthermore, the easy availability of these products in the pulverized and pellet forms helps increase their consumption rates. The pellet from s a modification of the mash form, which includes mechanically pressing the mash into hard, dry pellets, resulting in decreased feed wastage and increased nutrient digestibility. Moreover, powdered products break into essential feed enzymes, which provide easy digestibility and high absorption rate in livestock.

The Asia Pacific region is estimated to account for the largest share of the global feed enzymes market in 2020 in terms of value. The market in the region is driven by the presence of a large livestock population (FAO 2016) and their growth rate. The increase in the number of feed mills in the region further reflects the growth in feed production, particularly in countries such as India and Japan. The region is also heterogeneous, with diversities in income levels and technological advancements, which lead to meeting the diversified demands of end consumers, to provide superior-quality feed to livestock, leading to enhanced scope for future growth.

Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1157

Many domestic and global players provide feed enzymes to improve animal health and performance. Major manufacturers have their presence in the European and Asian countries. The key companies in this market are Cargill, Incorporated (US), BASF SE (Germany), DuPont (US), Bluestar Adisseo Co., Ltd. (China), Koninklijke DSM NV (Netherlands) and Kemin Industries, Inc. Various strategies, such as expansions, mergers & acquisitions, and new product launches, were adopted by the key companies to remain competitive in the market.