Friday, October 29, 2021

Organic Yeast Market: Global Outlook, Trends and Forecast to 2025

  The global organic yeast market size is estimated to be valued at USD 364 million in 2020 and is expected to reach a value of USD 599 million by 2025, growing at a CAGR of 10.5% during the forecast period. Factors such as increasing awareness among consumers about health & wellness, growing need to replace monosodium glutamate (MSG) as an additive in food products, and increased demand for organic food products across the globe is driving the growth of the market.


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Driver:

With the increase in awareness among consumers about the benefits of organic food products, the retail sales of organic food products have increased. The US is one of the largest consumers of organic food products in the world, followed by Europe. The largest markets for organic food products in Europe are Germany, France, and Italy.

According to a report by FiBl in 2017, the market for organic food products is growing in countries such as Brazil, Mexico, Chile, and Paraguay. Similarly, the US organic sector is also witnessing an upward trajectory as consumers are witnessing a high demand for organic products, which has enabled them to acquire a larger market share. As per a survey conducted by FiBl on Standards and Legislations, nearly 93 countries had set organic standards in 2018. The number of countries developing regulations and standards for organic products is increasing. Some of the countries that have the largest retail market for organic food products include the US, China, France, Germany, and Italy.

Restraint :

There are regulatory bodies, such as the United States Department of Agriculture (USDA) and European Economic Community Council, which have laid down stringent regulations for the production, labeling, and marketing of organic products. The regulatory bodies in various regions differ and the rules pertaining to each region might vary slightly. This could cause manufacturers to focus on production in a manner, which would cater to the regulatory scenario in the importing region. The interpretation and concepts for each region vary, which could add to the overall production cost of the product. This, in turn, would increase the prices of the end products sold to consumers. The non-compliance with regulations could ban the product from the market or include a penalty. however, certain producers find loopholes within the system due to which a lot of counterfeit products have hit the shelves in European countries and the US.

Opportunity:

Monosodium glutamate (MSG) is the sodium salt of glutamic acid. It is used as an additive to offer “umami” taste in food products to improve palatability. MSG helps in enhancing the presence of other taste-active compounds. However, the use of MSG has been clinically proven to have caused health-related issues such as obesity, oxidative stress, renal, and hepatotoxicity. According to the FDA, MSG is approved to be used in the conditioning of vegetables, tuna, food dressings, and feed. The increased awareness among consumers about the toxic effects of MSG consumption in food and stringent regulations governing the maximum permissible limit (MPL) has led to a rise in demand for substitutes, which could provide similar taste-enhancing properties without any harmful effects.

Organic yeasts, such as yeast extracts, derivatives, and nutritional yeast, are used as alternatives to MSG and provide the “umami” taste. Certain organic yeast manufacturers also claim that the products offered by them can be used as an alternative to MSG. For instance, Koninklijke DSM (Netherlands) claims that their product, Maxarome, can be used in a wide range of food applications instead of MSG.

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This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the organic yeast market. It consists of the profiles of leading companies such as Koninklijke DSM N.V (Netherlands), Lallemand Inc. (Canada), Biospringer (France), Leiber GmbH (Germany), Ohly (Germany), Levapan (Colombia), Biorigin (Brazil), Agrano Gmbh & Co. KG (Germany), Red Star Yeast Company (US), Angel Yeast Co. Ltd (China), Solgar Inc (US), Imperial Yeast (Portland), Levex (Turkey), and White Labs Copenhagen (US).

Wednesday, October 27, 2021

Lactic Acid Market Will Hit Big Revenues In Future

 The global lactic acid market size is estimated to be valued at USD 1.1 billion in 2020 and is projected to reach USD 2.1 billion by 2025, recording a CAGR of 12.8%, in terms of value. The global polylactic acid market size is estimated to be valued at USD 786 million in 2020 and is projected to reach USD 1,756 million by 2025, recording a CAGR of 17.4%, in terms of value.


The rise in consumer awareness to mitigate food wastage and the increasing consumer demand for convenience food & beverages with increased shelf-life has been boosting the lactic acid market, globally. Governments of numerous countries have been bolstering the use of polylactic acid has also been augmenting the demand for polylactic acid market in applications such as packaging, fiber & fabrics, agricultures, among others.

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Based on application, the lactic acid market is dominated by the biodegradable polymers. The biodegradable polymers segment is estimated to dominate the market for lactic acid, on the basis of application, in terms of value, in 2020. In recent years, the use of lactic acid in biodegradable polymers is growing significantly, mainly due to the rise in awareness among consumers and increased consumption of biodegradable plastic packaging in the food application segment.

Based on application, the polylactic acid market is dominated by the packaging. The packaging segment is projected to dominate the polylactic acid market. PLA has numerous competitive advantages in the packaging industry over petrochemical-based polymers, as they are biodegradable and obtained from 100% natural sources. This helps in reducing greenhouse gas emissions, lowering carbon footprints, and easy manipulation of structure-property-processing relations during production.

The North American region accounted for the largest share in 2019, in terms of value, in the global lactic acid market, whereas the Asia Pacific region is projected to be the fastest growing in the global lactic acid market. The market growth in the Asia Pacific region is mainly due to the increase in consumption of processed food, in which lactic acid is used as one of the major additives that enhance the shelf life of processed and packaged foods.

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Leading companies dominating the polylactic acid market include Corbion (Netherlands), Cargill (US), Galactic (Belgium), Unitika (Japan), and DuPont (US), which have a significant presence in North America and Europe due to higher demand in packaging applications in these regions.

This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Corbion (Netherlands), DuPont (US), Cargill (US), Galactic (Belgium), DOW (US), Unitika (Japan), Henan Jindan Lacic Acid Technology (China), Sulzer (Switzerland), Mushashino Chemical (Japan), Vigon International (US), Henan Xinghan Biology Technology (China), Danimer Scientific (US), COFCO BioChemical (China), Jungbunzlauer (Switzerland), FoodChem International (China), Vaishnavi Biotech (India), Spectrum Chemicals (US), Godavari Bio-refineries (India), ProAgro GmbH (Austria), and Qingdao Abel Technology (US).

Monday, October 25, 2021

Tea Extracts Market : Global Outlook, Trends and Forecast to 2025

 The global tea extracts market is estimated to be valued at USD 2.5 billion in 2019 and is projected to reach USD 3.8 billion by 2025, recording a CAGR of 6.9%. The market is projected to witness significant growth due to factors such as the increase in the consumption of functional foods, rise in health consciousness among consumers, and increasing adoption of tea due to the ill-effects from caffeine, thereby widening the scope of its applications. The increasing market potential, growing population, and growing demand for different types of tea extracts, as per health benefits, are factors that are projected to impact the growth of the tea extracts market.



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By application, the food segment is projected to witness the highest growth in tea extracts market during the forecast period.

There has been an increasing adoption of botanical extracts, as functional or flavor ingredients, in the food industry. Ingredient manufacturers, such as ADM and Givaudan, have been innovating the application of tea flavors in food products, such as bakery and confectionery products, frozen desserts, and dairy products. Also, the familiarity of this flavor among consumers have been driving the demand for tea-based foods, and hence, the segment has been projected to grow at a comparatively higher growth rate during the forecast period.


By type, the green tea segment is projected to dominate the tea extracts market during the forecast period.

Green tea has already gained traction across the globe as a healthy alternative for caffeinated drinks. Its antioxidant property, complemented with its anti-inflammatory characteristics, has made tea extracts one of the most preferred beverages for consumers. An increase in the consumption of premium foods and increase in the popularity of functional foods also boost the opportunity for market. Innovative applications of green tea extract in cosmetics application has also expanded the growth opportunities in the market.


The increasing demand for tea extracts in Asia Pacific is projected to drive the growth of the market.

Though, a major producer of tea, consumption of tea-based RTD beverages and nutraceutical products are still in the nascent stages among Asian countries. Consumers, majorly favor tea as a hot beverage and not as a convenient product. Thus, the market for Asia Pacific in tea extract consumption is smaller compared to the North American and European markets. In addition, the market for tea extracts is fragmented in the Asia Pacific region, with multiple emerging and small-scale companies developing generic tea extracts in the Chinese market. The increase in FDI and increase in the living standards are going to make countries like China, India, Malaysia, and Thailand a promising opportunity for tea extracts market.


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Key Market Players

Key players in this market include Archer Daniels Midland (US), Dupont (US), Kemin Industries (US), Givaudan (Switzerland), Synthite Industries Ltd. (India), Synergy Flavors (US), Frutarom (US), Finlays (UK), A.Holliday & Co. (Canada), Martin Bauer Group (Germany), Indena SPA (Italy), Futureceuticals (US), Amax Nutrasource Inc. (US), Cymbio Pharma Pvt. Ltd. (India), Teawolf (US), Phyto Life Sciences Pvt Ltd. (India), Taiyo International (Japan), AVT Tea Sources Ltd. (India), Halssen & Lyon GMBH (Germany), and Harrisons Tea (India). Major players in this market are focusing on enhancing their presence through new product launches, expansions, mergers & acquisitions, and collaborations. These companies have a strong presence in North America and Europe. They also have their manufacturing facilities and strong distribution networks across these regions.

Wednesday, October 20, 2021

Sustainable Growth Opportunities in the Cheese Market

 According to MarketsandMarkets™, the "Cheese Market by Product Type (Cheddar, Mozzarella, Parmesan, American Cheese, and Blue Cheese), Type (Cheese Product and Cheese Powder), Source (Animal and Plant), Nature, Distribution Channel, Application, and by Region - Global Forecast to 2026", is estimated to be valued at USD 88.7 billion in 2021 and is projected to reach USD 105.9 billion by 2026, recording a CAGR of 3.6% during the forecast period. The cheese market is highly impacted by the increasing size of the convenience & fast-food industry and innovative offerings by cheese manufacturers. The growth rate of the fast-food industry is significant owing to the changing lifestyles of people around the globe.



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The rising influence of western cuisines, inflating disposable incomes, and introduction of a number of flavored cheese products, including pepper, garlic, red chili flakes, and oregano pickle, drives the cheese market. Although cheese is a staple in Western countries such as Europe and the US, its versatility enables it to cater to the different tastes and preferences of consumers globally.


The sauces, dressings, dips, and condiments segment, by application, is projected to witness significant growth during the forecast period.


Cheese powder imparts an enhanced cheese flavor to sauces, dressings, dips, and condiments. This can be done with the use of a single flavor cheese or a mix of more than one cheese flavors. The use of cheese powder also offers better taste, convenience, and functionality in recipes where high-temperature cooking is required. With the rapidly rising demand for fast food in the Asia Pacific, the demand for cheese powder in sauces, dressings, dips, and condiments is likely to grow at the highest rate, in this region, during the forecasted period.


Browse in-depth TOC on "Cheese Market"


161 – Tables
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The cheddar cheese segment, by product type, is estimated to dominate the market in 2021.


Cheddar is one of the many varieties of cheese, which is off white in color and has a sharp taste with a relatively hard texture than any other varieties. This category of cheese is most popular in European countries. Cheddar cheese finds application across a multitude of industries including bakery (melted, grated, shredded), soups, sauces, & dips, ready meals, snacks & cereals, and other food applications.


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


The countries in the Asia Pacific region have a well-established dairy industry, which subsequently proves the potential for growth of the cheese market in these regions. Hectic work schedules, along with the rising prevalence of western food culture, represent some of the significant factors strengthening the cheese market growth in the Asia Pacific region. Since the past few years, the rapid food globalization has caused a boom in the retail and foodservice sectors, owing to this there is the demand for cheese-based products that is expected to generate significant growth in this region.


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Key Players:


This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, Glanbia (Ireland), Saputo (Canada), Arla Foods (UK), BEL Group (France), Fonterra (New Zealand), FrieslandCampina (Netherlands), Dalter Alimentari Spa (Italy), The Kraft Heinz Company (US), Amul (India), DMK Deutsches Milchkontor GmbH (Germany), and Meiji Holdings (Japan).

Monday, October 18, 2021

Seed Market to Witness Unprecedented Growth in Coming Years

 The global seed market size is estimated to be valued at USD 63.0 billion in 2021 and is projected to reach USD 86.8 billion by 2026, recording a CAGR of 6.6% during the forecast period. The increase in seed replacement rate, adoption of GM crops, increase in organic farming, advent of molecular breeding technology in seeds, government support, and demand from biofuel and feed manufacturing companies are some of the significant drivers for the market. Technological advancements and innovations in this market have introduced hybridization technology and GM crops, which have been gaining importance among farmers, owing to high yields and increased pests, drought situations, and disease tolerance. The US, Brazil, Argentina, China, and India are some of the key markets for seeds globally.



By type, the seeds market is segmented into conventional and genetically modified. The market for genetically modified seeds is expected to grow at a higher rate due to increased demand from farmers for biotech crops, which have higher levels of productivity and profitability. Genetically modified seeds aid farmers to minimize their agricultural input expenses significantly; for example, agrochemical treatments, while guaranteeing a much more abundant harvest.


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The genetically modified seeds, also popularly known as transgenic seeds, are used to improve and bring about useful characteristics within seeds. These characteristics include insect resistance, herbicide tolerance, abiotic stress tolerance, high nutritional quality, high yield/output, disease resistance, and improvement in the overall quality of seeds. They help enhance the quality of products manufactured using these seeds. Some of the countries that have accepted the genetically modified seeds are the US, Argentina, Canada, China, and India for one or more crops.


Based on crop types, the seeds market is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, and other crops, which include fiber crops and other commercial crops such as tobacco and medicinal plants. Cereals & grains, by crop type, accounted for the largest market share in 2020, owing to factors such as the widespread use of grains as a staple food in many Asian and Southeast Asian countries. In the last few years, countries such as China have emerged as major exporters of grains to meet the requirement of neighboring economies. Crops such as corn are widely utilized in both food and feed industries. With the rising market for biofuels, crops such as sorghum are also being produced on a large scale. Genetically modified varieties of corn are adopted in various parts of the world. Developed countries such as the US have their main focus on animal feed, which is driving the adoption of GM corn for use in animal feed. The usage of GM corn as a raw material for the production of ethanol has also led to an increase in the demand for biofuels as a renewable source.


Other traits are preferred than herbicide tolerance and insect resistance as farmers prefer multiple stacked traits. These traits include herbicide tolerance and insect resistance within a single seed. They help farmers to purchase a single-solution seed to overcome multiple issues, including pests, environmental stresses, diseases, and resistance to weeds. The other traits segment is expected to witness substantial market growth in the developed markets of North America and South America during the forecast period.


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Some of the major players in the seeds market are BASF SE (Germany), Bayer AG (Germany), Syngenta Group (Switzerland), KWS SAAT SE (Germany), Land O’ Lakes (US), and Sakata Seed Corporation (Japan).

Wednesday, October 13, 2021

Sustainable Growth Opportunities in the Yeast Market

 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%. Yeast, being one of the most versatile microorganisms, is used in the production of food & beverage products. The commercialization of yeast has resulted in a transition phase in the yeast industry. The market for yeast is growing globally due to the increase in demand for bakery products, the trend of buying alcoholic beverages worldwide, and global demand for bioethanol as a fuel.


The demand for naturally-sourced food additive witnesses a significant increase due to the growing health concerns among consumers, which is projected to drive the growth of the market. However, food safety regulations for the use of red yeast extract products is a key factor that is projected to inhibit the growth of this market in developed regions.

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Europe is projected to account for the largest share during the forecast period

In 2019, Europe accounted for the largest share in the market. The processed food and bakery industries in the European region are witnessing significant growth due to the change in lifestyles of consumers and an increase in disposable income levels. The European yeast market is witnessing significant growth due to the increase in consumption of processed food products, the rise in alcohol consumption, and awareness about the nutritive value of yeast. The market in the European Union is mainly concentrated on bread production applications. The increase in the consumption of cakes, bread, pastries, as well as alcoholic beverages has led to an increase in demand for yeast in European countries.

Key players in this market 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).

Angel Yeast Co. Ltd. (China) is a key supplier of yeast for use in the production of food products. Its focus is to become a specialty yeast company by growing sustainably by incorporating new foundational platforms into its technologies. It pursues competitive superiority by creating new demand and developing high value-added and customized products based on client requirements. In 2019, the company launched a new natural flavor-enhancing solution for plant-based foods and beverages in Europe. This product launch would help the company to strengthen its portfolio and increase its customer base in Europe.

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Lesaffre Group (France) is a privately held company headquartered in France and one of the leading developers, manufacturers, and distributors of yeast. The company works in collaboration with brands, retailers, and packaging manufacturers to design circular economy solutions to maintain its market position. In April 2019, the company set up a new baking center for industrial baking in Vienna, Austria. This new establishment would support industrial customers in the development of new products. In addition, it would help the company to serve its customer base in Europe and expand its geographic reach.

Tuesday, October 12, 2021

Growth Strategies Adopted by Major Players in Fruit & Vegetable Seeds Market

 The global fruit and vegetable seeds market size is estimated to be valued USD 9.8 billion in 2020 and is expected to reach a value of USD 14.4 billion by 2025, growing at a CAGR of 8.2% during the forecast period. The growing demand for high value crops such as tropical fruits and leafy vegetables coupled with the increased demand for organic food products is expected to drive the growth of the market during the forecast period.


COVID-19 Impact on the Fruit and Vegetable Seeds Market

The outbreak of COVID-19 and the measures taken to control the pandemic have a crippling effect on the agriculture sector across the globe. Many countries have adopted several emergency measures to combat the COVID-19 crisis. These measures range from closing borders and public institutions, as well as isolating homes, communities, and the total lockdown of regions and the entire state. These mitigation measures have resulted in various disruptions in the functioning of markets and supply chains for agricultural inputs and products. Seeds are the starting point for agricultural production; therefore, during crises such as the COVID-19 pandemic, seed delivery is among the essential services that must continue to support the current and subsequent production cycles.

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However, issues related to the transportation of seeds either domestically or internationally, due to the reduced number of flights, fewer drivers, and the slow process of the necessary documentation, because of fewer staff, create specific problems for the seed sector. The ornamental crop industry has been severely affected due to the closure of garden centers deemed non-essential services and loss of contracts with supermarkets. The sale of seeds to amateur gardeners has stopped. This will impact some seed suppliers, especially those with left-over stock.

Key players in this market include BASF SE (Germany), Bayer AG (Germany), Groupe Limagrain (France)Corteva Agriscience (US), Syngenta Group (Switzerland), and Sakata Seed Corporation (Japan).

New product launches and partnerships were the key strategies adopted by the leading players in the fruit & vegetable seeds market with a view to improve their product line and presence in the market.

BASF SE (Germany) BASF SE is a chemical manufacturing company operating in the market segments of chemicals, performance products, functional materials & solutions, agricultural solutions, and oil & gas. BASF has 12 operating divisions with 86 strategic business units. The company provides a wide range of certified fruit & vegetable seeds and has constantly been investing in research of better-quality seeds. The company has been one of the pioneers in the transgenic and hybrid seeds market, with offerings specific to particular regions. Clearfield, Provisia, and Cultivance are the three main technologies adopted by the company for its seed production, which helps it offer disease-resistant, high-yielding seed varieties. In August 2018, the company acquired Bayer AG’s (Germany) vegetable seeds business which helped in enhancing BASF’s offerings within the segment

The company operates through subsidiaries and joint ventures in more than 90 countries through the functioning of six integrated production sites and 355 other production sites in Europe, Asia, Australia, the Americas, and Africa.

Bayer AG (Germany) Bayer AG is a leading research-intensive company operating in the pharmaceuticals, consumer health, crop science, and animal health segments. The company’s agricultural enterprise, Bayer AG, which operates through four segments—pharmaceuticals, consumer health, crop science, and service functions and other. The company offers fruits and vegetable seeds through its two operating business segments: crop protection/seeds and environmental science. The recent acquisition of Monsanto (US) in June 2018 has boosted Bayer’s agriculture business with innovative solutions in the crop protection and seed manufacturing industries.

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Bayer’s manufacturing facilities operate in 130 sites spread across 34 countries. It has a worldwide sales and distribution network in over 120 countries. Its key locations include Germany, France, Singapore, Brazil, and the US. Its major research centers of the seed units are located in Belgium, the Netherlands, and the US. The company operates through various subsidiaries such as Bayer CropScience Holding SA Lyon (France), Bayer CropScience Holdings Limited Cambridge (UK), Bayer CropScience NV Diegem (Belgium), Bayer CropScience S.r.l (Italy), and Bayer Australia Limited (Australia).

Mycotoxin Testing Market Accelerates Toward $2.3B Mark by 2029

  The  Mycotoxin Testing Market  is estimated at USD 1.6 billion in 2024 and is projected to reach USD 2.3 billion by 2029, at a CAGR of 6.7...