Monday, July 31, 2023

Feed Phosphates Market Global Outlook, Trends, and Forecast

 According to a research report "Feed Phosphates Market by Type (Dicalcium, Monocalcium, Mono-dicalcium, Defluorinated, and Tricalcium), Livestock (Ruminants, Swine, Poultry, and Aquaculture), Form (Powder and Granule), and Region - Global Forecast to 2028" published by MarketsandMarkets, the feed phosphates market is estimated at USD 2.6 billion in 2023 and is projected to reach USD 3.2 billion by 2028, at a CAGR of 4.0% from 2023 to 2028. Feed phosphates contribute to the overall health and performance of animals, including bone development, energy metabolism, and immune function. Livestock and poultry farmers are increasingly aware of the benefits of feed phosphates in enhancing animal well-being, leading to their higher adoption.


Europe is expected to account for the largest market share in 2023.


The feed phosphates market industry has been studied in North America, Europe, Asia Pacific, South America and Rest of the World. According to the Alltech Feed Survey, in 2021, feed production in Europe occupied 261.9 million metric tons in 2020 and held a third rank worldwide to cater to animal nutrition in livestock, poultry, swine, and many others. Meat consumption in the region has been on a steady rise, driven by factors such as population growth, urbanization, demographics, higher incomes, and price fluctuations. As a result, the demand for feed in Europe is increasing.


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Key Market Players


The key players in this include Mosiac (US), Nutrien Ltd. (Canada), OCP (Morocco), Rotem (Turkey), Eurochem Group (Switzerland), Phosagro (Russia), Fosfitalia Group (Italy), Phosphea (France), YARA (Norway), and J. R. Simplot Company (US).


These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.


Dicalcium phosphate (DCP) segment, by type, is expected to account for the largest market share in 2023


DCP is known for its high bioavailability and digestibility, meaning animals can absorb and utilize the calcium and phosphorus efficiently. Improved nutrient utilization leads to better feed efficiency, resulting in cost savings for farmers as less feed is required to achieve optimal animal growth and production. Dicalcium phosphate can be used in various animal feed formulations, including poultry, swine, cattle, and aquaculture feeds. Its versatility and suitability for different species make it a popular choice among livestock farmers.


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Powder segment, by form, is projected to witness the highest CAGR during the forecast period.


Powdered feed phosphates are easy to handle and mix with other feed ingredients. Their fine texture allows for uniform distribution throughout the feed, ensuring that animals receive a consistent and balanced supply of essential minerals. The fine particle size of powdered feed phosphates results in higher surface area, facilitating better enzymatic activity and absorption in the gastrointestinal tract. This enhanced bioavailability ensures that the animals can efficiently utilize the phosphorus and other minerals present in the feed phosphate.

Friday, July 28, 2023

Latest Innovation in Nutraceutical Ingredients Market

 Nutraceuticals are products that offer health benefits beyond basic nutrition and include dietary supplements, functional foods, and beverages. Nutraceutical ingredients are the key components used to manufacture these products.


Key Nutraceutical Ingredients:


  • Probiotics and Prebiotics: Beneficial bacteria and fibers that support gut health and boost the immune system.
  • Omega-3 Fatty Acids: Essential fatty acids that promote heart health and cognitive function.
  • Antioxidants: Substances that help neutralize free radicals and reduce oxidative stress in the body.
  • Vitamins and Minerals: Essential nutrients that play a crucial role in various physiological processes.
  • Plant Extracts and Herbs: Extracts from botanical sources with potential health benefits.
  • Proteins and Amino Acids: Key building blocks for muscle maintenance and repair.
  • Fiber: Important for digestive health and maintaining regular bowel movements.


The global nutraceutical ingredients market is estimated to grow from USD 185.2 billion in 2022 to USD 261.7 billion by 2027. The compound annual growth rate is 7.2%. Nutraceutical ingredients are natural compounds that offer health benefits beyond basic nutrition. They can be found in food, supplements, and functional foods. Examples of nutraceutical ingredients include omega-3 fatty acids, probiotics, prebiotics, polyphenols, curcumin, coenzyme Q10, and vitamin D. These ingredients are increasingly popular as people look for natural alternatives to pharmaceuticals and strive to maintain optimal health through nutrition. However, it's important to be cautious because not all nutraceuticals are thoroughly studied or regulated, and some may have unintended side effects or interact with medications. It's always wise to consult a healthcare professional before taking any new supplement or making significant dietary changes.


The probiotics segment dominated the nutraceutical ingredients market in terms of value.


Probiotics are frequently consumed in the hopes of balancing their intestinal flora, also known as the gut microbiome. However, probiotics have additional benefits such as improving the health of the gut microbiome, restoring microbiome balance after illness or treatment, and supporting the immune system. Probiotics are popular among people due to their numerous benefits.


APAC is projected to account for the highest CAGR in the nutraceutical ingredients market during the forecast period.


Nutraceutical ingredients is projected to increase at a rapid rate in the APAC region due to a surge in demand and the presence of a large consumer base for food, beverages, dietary supplements, personal care products, and feed. This large consumer base being the reason for the highest market growth, as population in these regions increases.


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The key players in this Market include Associated British Foods Plc (UK), Arla Foods Ingredients Group P/S (Denmark), DSM (Netherland), Ingredion (US), Tate & Lyle (UK), Ajinomoto Co., Inc. (Japan), CHR Hansen Holdings A/S. (Denmark), Kyowa Hakko Bio Co., Ltd. (Japan), Glanbia Plc (Ireland), Fonterra Co. Operative Group Limited (New Zealand), Cargill Incorporated (US), ADM (US), International Flavors & Fragrances, Inc. (US), BASF SE (Germany) and Kerry Groups (Ireland). Strategic partnerships were the dominant strategy adopted by the key players, followed by expansions and new product launches. These strategies have helped them to increase their presence in different regions and industrial segments. These players in this Market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.


The future of Nutraceuticals is multi-disciplinary science convergence. With the technological advancement, nutraceutical industries have leveraged a good deal of investment. The following is a list of some important technological advancements:


Artificial Intelligence


Nutraceutical businesses can use AI to select ingredients quickly by comparing millions of data points from nutritional studies. On the basis of the dietary and health information provided by the customer, it can also assist in recommending the most personalized nutrient formulations. Businesses can estimate demand for nutritious products as well as supply chain elements with the help of AI.


Robotic Process Automation (RPA)


RPA can be successfully implemented to boost productivity, lower costs, improve performance, and accelerate product marketing. RPA can produce insights on business practices, consumer behavior, and market trends, giving businesses the opportunity to carry out crucial tasks more effectively.


Edge computing and Internet of Things


Every touch point of the production line now has sensors built in to record a huge volume of data due to the Internet of Things' (IoT) proliferation across the manufacturing spectrum. Thanks to edge computing, everything from smartwatches to heart rate monitors sits at the network's edge and offers real-time data.


Gene Editing


With a vast global population affected by chronic diseases and disorders, gene editing techniques are being employed to develop medicines for disease treatment.


Microfluidics


Microfluidic technology is an emerging method for precise control of the delivery of nutraceuticals


3-D printing trends


3-D printing techniques in the nutraceutical industry have given rise to newer business ventures who utilize the technology to improve nutraceutical drug delivery. It enables the use of customizable ingredients to make products with food ingredients that are specifically customized for the consumer. A nutritional requirement associated with a restricted diet, can be met through the personalization of 3D food printing, perhaps avoiding complications and hospitalization. Diabetics frequently ingest sugar substitutes like maltitol and xylitol. As a result, a complex blend of these artificial sweeteners and functional polysaccharides was used to create a chocolate-based 3D-printed food product. The most recent technology also plays a special role in the delivery of personalized nutritional supplements. These personalized supplements claim to release vital nutrients on schedule to meet individual needs and daily routine.


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Thursday, July 27, 2023

Beneficial Insects Market : Business Opportunities and Global Industry Analysis

 The beneficial insects market is projected to reach USD 1,630 million by 2028 from USD 877 million in 2023, at a CAGR of 13.2% during the forecast period in terms of value. 

Beneficial insects are insects that play a vital role in the ecosystem and provide benefits to humans, agriculture, and the environment. These insects often help control pest populations, pollinate plants, decompose organic matter, and maintain ecological balance. They are an essential part of natural ecosystems and agricultural systems, contributing to overall biodiversity and sustainability. 

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The hazardous effects on the environment as a consequence of using chemical pesticides which are known to have carcinogenic effects on plants and animals are driving the market for beneficial insects. Beneficial insects are an alternative to chemical pesticides; they are highly valuable insects and mites that eat or parasitize target pests. The rising demand for organic farming increases the rise in demand for beneficial insects driving the beneficial insects market.

The #beneficialinsects market in the world is dominated by North America. Beneficial #insects are one of the crop protection market’s fastest-growing segments in North America. Due to growing consumer concern over their health and the environment, there is an increase in the market for organic crop protection solutions in North America.

The key players in this include—>

Koppert

Applied Bio-nomics Ltd (Canada)

Biobest Group NV (Belgium)

Bioline AgroSciences Ltd (UK)

Fargro Limited (UK)

Andermatt Group AG (Switzerland)

ARBICO Organics (US)

BioBee Ltd (Israel)

BIONEMA (UK)

Tip Top Bio-Control (US)

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Tuesday, July 25, 2023

Cold Chain Market: Business Opportunities and Global Industry Analysis

 At a CAGR of 9.0%, The global cold chain market is expected to be valued $278.2 billion in 2023 and $428.4 billion by the end of 2028.

This growth is primarily driven by the increasing demand for temperature-controlled storage and transportation across various industries, including food, pharmaceuticals, and chemicals.The globalization of trade has led to an increase in the transportation of goods across borders. This has driven the need for cold chain logistics to ensure that temperature-sensitive products are maintained at the required temperature during transportation and storage, irrespective of the distance and time taken. The pandemic has further highlighted the importance of the cold chain market, particularly in the distribution of vaccines and other medical supplies. As a result, the cold chain logistics market size is expected to continue to grow in the coming years, with significant investments in technology and infrastructure to improve cold chain logistics and ensure the safe and efficient distribution of temperature-sensitive products.

The cold chain market size has been steadily growing due to several factors:

Increasing Demand for Perishable Goods: With the rise in global population and changing consumer preferences, the demand for perishable products like fresh produce, dairy products, and seafood has increased significantly.

Pharmaceutical and Biotechnology Industry Growth: The pharmaceutical and biotechnology industries often deal with temperature-sensitive drugs and vaccines, making a reliable cold chain infrastructure essential for their distribution.

International Trade: Globalization has led to the expansion of trade across borders, necessitating the need for a robust cold chain to ensure the safe transport of perishable goods over long distances.

Government Regulations: Regulatory bodies have imposed stringent guidelines for handling and transporting perishable goods to maintain product quality and safety, further driving the need for an efficient cold chain system.

Technological Advancements: Advancements in refrigeration and monitoring technologies have improved the efficiency and reliability of cold chain logistics.

E-commerce and Home Delivery: The growth of e-commerce and the increasing trend of home delivery for groceries and perishable items have put more emphasis on efficient cold chain logistics to ensure timely and fresh deliveries.

The frozen segment by temperature type is estimated to account for the largest market share in the global Cold chain market.

The food industry is a major driver of the frozen segment in the cold chain market. The demand for frozen foods is increasing due to their longer shelf life, convenience, and ease of preparation. Frozen foods are also less prone to spoilage during transportation and storage, which makes them ideal for long-distance transportation. The growing demand for frozen products and the need for strict temperature control during transportation and storage are driving the frozen segment of the cold chain market. With the increasing demand for frozen food, pharmaceuticals, and other products, the demand for cold chain logistics services for the frozen segment is expected to continue to grow in the coming years.

The fruits and vegetables by application is projected to attain the fastest market growth in Cold chain market over the forecast period.

With the growing demand for fresh fruits and vegetables, the need for cold chain logistics has increased to maintain the quality and freshness of these products during transportation and storage. Cold chain logistics plays a crucial role in maintaining the nutritional value and taste of fresh produce, thereby meeting the rising demand for high-quality fresh produce. Overall, the growing demand for fresh produce, globalization of trade, reduction of food waste, and demand for organic produce are driving the fruits and vegetables segment of the cold chain market.

The e-commerce industry is growing rapidly in the Asia Pacific region, which is driving the demand for cold chain logistics for the last-mile delivery of temperature-sensitive products, such as fresh food, pharmaceuticals, and other products. Governments in the Asia Pacific region are investing in the development of cold chain infrastructure to support the growth of the food and pharmaceutical industries. For instance, the Indian government has launched the Pradhan Mantri Kisan Sampada Yojana to create modern infrastructure for the food processing industry, which includes cold chain logistics. The growing demand for food products, increasing urbanization, rising e-commerce industry, government initiatives, and focus on sustainability are driving the growth of the cold chain market in the Asia Pacific region.

Key Market Players in Cold Chain Market

The key players in this market include Americold Logistics (US), Lineage Logistics Holdings, LLC. (US), Nichirei Corporation (Japan), Burris Logistics (US), A.P. Moller Maersk (Denmark), United States Cold Storage (US), Tippmann Group (US), VersaCold Logistics Services (Canada), Coldman (India), Congebec Inc. (Canada), Conestoga Cold Storage (Canada), NewCold (Netherlands), Confederation Freezers (Canada), Seafrigo (France), and Trenton Cold Storage (Canada). These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

Wednesday, July 19, 2023

New Revenue Sources in Agricultural Pump Market

 The report "Agricultural Pump Market by Type (Rotodynamic Pumps, Positive Displacement Pumps), Power Source (Electricity-grid Connection, Diesel/Petrol, Solar), HP, End-Use (Irrigation, Livestock Watering), and Region – Global Forecast to 2025" size is estimated to be valued at USD 4.2 billion in 2020. It is projected to reach a value of USD 6.1 billion by 2025, growing at a CAGR of 7.6% during the forecast period. Factors such as increasing land being brought under irrigation, rising adoption of modern agricultural practices in developing countries, government support in the adoption of new agricultural equipment and technology, increased rate of mechanization, and the advent of big data in agricultural farms are some of the factors that are driving the growth of the market. However, the operation of pumps in fragmented landholdings and high maintenance costs are some of the factors hindering the growth of this market.


Asia Pacific is projected to hold the largest market share during the forecast period


Asia Pacific is the largest share of the global agricultural pumps market due to the presence of some of the major agricultural crop producers, such as China, India, and South Korea, which have large population sizes that demand various varieties of crop products to meet their consumption requirements. This has led to an increase in the land being brought under cultivation, which leads to the growing demand for agricultural pumps.


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 agricultural pumps market. It consists of the profiles of the leading companies such as Xylem Inc. (US), Grundfos (Denmark), Kirloskar Brothers Limited (India), KSB SE (Germany), Valmont Industries (US), Jain Irrigation Systems (India), Franklin Electric (US), WILO (Germany), Shakti Pumps Ltd (India), and Shimge Pump Industry Group Co., Ltd (China).


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The irrigation segment, by end-use, is estimated to hold the largest revenue share in the agricultural pumps market in 2020


The agricultural pumps market, by end-use, has been segmented into irrigation and livestock watering. With the increasing population and subsequent rise in demand for food, there has been an increase in the land area being brought under irrigation due to which a complementary demand pattern can be witnessed for agricultural pumps. The major portion of the water withdrawals made across the globe caters to the agricultural sector, and within the agricultural sector, it is used for irrigation purposes.


The electricity grid-connection segment, by power source, is estimated to account for the largest revenue share of the agricultural pumps market in 2020


There are three main sources of power for agricultural pumps, namely electricity grid-connection, diesel/petrol, and solar. While many growing markets, such as South America, the Middle East, and Africa, make use of conventional energy sources such as oil, gas, and coal for driving pumps. However, in regions such as Asia Pacific, Europe, and North America, the market for electricity grid-connections is higher, as it is being provided at a subsidized rate to the farmers. The use of electric pumps is more efficient and cost-effective as compared to that of diesel/petrol pumps.


The markets for agricultural pumps in the range of 4 hp-15 hp, by power source, is estimated to account for the largest share of the agricultural pumps market in 2020


The agricultural sector makes use of pumps varying in the range based on the depth of area from which the water has to be sourced or the distance from water sources, such as reservoirs, rivers, lakes, and dams. The most used type of agricultural pumps is in the range of 4hp -15hp due to its widespread application in irrigation activities of small and medium-sized landholdings. Since, in the agricultural sector, most of the available land is fragmented, it is convenient and cost-effective to make use of pumps of this range.


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Tuesday, July 18, 2023

Upcoming Growth Trends in the Turf Protection Market

 The turf protection market refers to the industry focused on developing and providing solutions, products, and services for the protection and maintenance of turf surfaces such as lawns, sports fields, golf courses, and recreational areas. Turf protection aims to ensure the durability, health, and aesthetic appeal of the turf by mitigating various challenges such as foot traffic, environmental stress, pests, diseases, and weather conditions.


The market for turf protection has been witnessing significant growth due to the increasing demand for well-maintained turf surfaces in various sectors. This includes sports facilities, residential and commercial lawns, golf courses, parks, and landscaping projects. The market encompasses a wide range of products and solutions, including turf reinforcement mats, turf covers, turf paints, fertilizers, pesticides, soil amendments, and maintenance equipment. Factors driving the turf protection market include the growing popularity of sports activities and the need for safe and playable surfaces, increasing urbanization leading to the rise in residential lawns and landscaping projects, rising awareness about environmental sustainability, and the emphasis on maintaining green spaces for recreational purposes.


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Key players in the turf protection market include manufacturers, distributors, and service providers offering innovative and effective solutions for turf maintenance. These companies continuously invest in research and development to develop new technologies, formulations, and equipment that enhance turf quality, resilience, and longevity.


The turf protection market is also influenced by factors such as regional climate variations, regulations related to pesticide and fertilizer use, and evolving consumer preferences for eco-friendly and organic turf care products. Market trends include the adoption of precision turf management techniques, the use of biostimulants and biopesticides, and the integration of smart technologies for efficient turf maintenance.


North America is expected to dominate the market during the forecast period


Countries such as the US, Canada, and Mexico have been considered in this study. Turf protection refers to the use of various products and techniques to protect natural or artificial turf from damage caused by environmental factors, heavy foot traffic, and other factors. The demand for turf protection products and services is driven by several factors, including the increasing popularity of outdoor sports and recreational activities, the growing use of artificial turf in landscaping and sports fields, and the need to maintain healthy and attractive lawns and landscapes.


The demand for turf protection products and services is particularly strong in developed countries with large and growing sports and landscaping industries. For example, in the United States, the demand for turf protection products and services is driven by the popularity of sports such as football, baseball, and soccer, as well as by the growing use of artificial turf in residential and commercial landscaping. According to a report by the Sports & Fitness Industry Association, participation in outdoor sports and fitness activities in the United States increased by 4.9% in 2020, despite the challenges posed by the COVID-19 pandemic. This trend is expected to continue in the coming years, driving demand for turf protection products and services.


Key Market Players


The key players in this include Syngenta Crop Protection AG (Switzerland), UPL Limited (India), Corteva Agriscience (US), Nufarm (US), Bayer AG (Germany), BASF SE (Germany), SDS Biotech K.K. (Japan), AMVAC Chemical Corporation (US), Bioceres Crop Solutions (Argentina), Colin Campbell (Chemicals) Pty Ltd (Australia), ICL Group Ltd. (US), Andersons, Inc. (US), FMC Corporation (US), Soil Technologies Corporation (US), and CoreBiologic (US). These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.


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Monday, July 17, 2023

China Cold Chain Market will Expand at a CAGR of 10.8% by 2028

 According to a research report "China Cold Chain Market by Type (Refrigerated Warehouse and Transportation), Temperature Type (Chilled and Frozen), Application (Dairy & Frozen Desserts, Fish, Meat & Seafood, Fruits & Vegetables, Bakery & Confectionery) and Region - Global Forecast to 2028", published by MarketsandMarkets, China Cold Chain Market to Grow at a CAGR 10.8% from 2023 to 2028.


The government's commitment to reducing food waste is another driving factor for the Chinese cold chain market. Cold chain solutions, such as temperature-controlled warehouses, refrigerated transportation, and real-time monitoring systems, play a vital role in preserving the freshness and shelf life of perishable goods. The government has implemented initiatives and incentives to encourage cold chain technology adoption, leading to increased investment and growth in the market. The "14th Five-Year Plan for Cold Chain Logistics Development" issued in December 2021 demonstrates China's commitment to cold chain logistics and aims to establish a comprehensive cold chain logistics network connecting production and sales regions, urban and rural locations, and domestic and international markets.

The Chinese cold chain industry is highly fragmented, with numerous SMEs and a few large players like SF Express, JD Logistics, and Yunda Express. For instance, SF Express launched a new "smart cold chain* logistics platform that will use the Internet of things (loT) technology to monitor and adjust the temperature of goods in real-time. In addition, JD Logistics started a new "green logistics" initiative in 2020, with the goal of reducing the carbon footprint of its cold chain activities through the use of electric vehicles and other sustainable technologies.



Increasing government initiatives to improve food safety and reduce food waste to stimulate market


The Chinese government has prioritized food safety and quality due to the growing middle class and urbanization. This has led to the adoption of advanced cold chain technologies and practices, resulting in the growth of the cold chain market in China. The rise of e-commerce and online grocery shopping has fueled the demand for efficient cold chain logistics, ensuring timely and safe delivery of fresh, high-quality food products. The growing middle class favors premium imported food products, necessitating a robust cold chain network to maintain their quality during import and distribution. China's vast geographical expanse and regional disparities in climate and infrastructure further emphasize the need for a well-integrated and efficient cold chain network across different regions.


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Wednesday, July 12, 2023

China Probiotics Market will expand at a CAGR of 8.8% by 2027

 According to a research report "China Probiotics Market by Ingredient (Bacteria and Yeast), Product Type (Functional Food & Beverages, Dietary Supplements, and Feed), End User (Human and Animal), Distribution Channel, and Region - Global Forecast to 2027", published by MarketsandMarkets, China Probiotics Market to Grow at a CAGR 8.8% from 2022 to 2027.


International players have formed strategic partnerships to establish their presence in China, with Probi, a leading probiotics company from Sweden, partnering with Sinopharm, one of China's largest pharmaceutical and healthcare companies, to launch probiotic supplements targeting immune health, bone health, and iron absorption. Japan's Morishita Jintan entered the Chinese market through a partnership with Sinopharm Xingsha Pharmaceutical, introducing its best-selling probiotic brand 'Bifina.' The animal probiotics segment has also seen growth in China, driven by the increasing usage of probiotic feed additives to enhance production and meet the rising demand for meat.


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Thus, China's high sales potential, coupled with rising health consciousness, government support, urbanization, and expanding middle class, presents significant opportunities for companies operating in the probiotics industry.


High sales potential of probiotics to stimulate the market


China's growing middle class and health consciousness have led to significant demand for probiotic products, particularly in the form of fermented dairy products, beverages, and healthy foods. The Chinese government's emphasis on promoting a healthy lifestyle and promoting functional foods has further fueled the growth of the probiotics market. Urban areas, characterized by busy and stressful lifestyles, have seen a surge in demand for probiotics, as consumers seek natural solutions to combat the negative effects of modern living. Probiotics, known for their potential to improve digestive health and boost immunity, have gained popularity among urban dwellers, with major players in the industry introducing innovative offerings, such as ready-to-market probiotic drink powder offerings to replace dairy products to cater to this growing market.

Tuesday, July 11, 2023

Japan Probiotics Market to Grow at a CAGR 5.8% from 2022 to 2027

 According to a research report "Japan Probiotics Market by Ingredient (Bacteria and Yeast), Product Type (Functional Food & Beverages, Dietary Supplements, and Feed), End User (Human and Animal), Distribution Channel, and Region - Global Forecast to 2027", published by MarketsandMarkets, Japan Probiotics Market to Grow at a CAGR 5.8% from 2022 to 2027.


Aging population and consumer demand to propel the market


Japan's rapidly aging population has placed a significant focus on digestive well-being, with over 15% of the population being over 75 years old, as reported in The Japan Times in September 2022. This demographic shift has led to increased consumer demand for functional foods, including probiotics, to support overall health. The country's evolving dietary patterns, influenced by Western food consumption and a growing desire for balanced and nutritious diets, have further driven the demand for probiotic products in Japan. Market leaders such as Meiji, Morinaga, and Yakult Honsha have established a strong presence in the Japanese and Asian probiotics markets. Yakult Honsha, in particular, played a pivotal role by introducing a fermented milk drink containing probiotic culture in 1930, making Japan the birthplace of probiotics. In response to the rising demand, companies like SACCO System expanded their presence in Japan, recognizing the country's potential for a profitable dairy and probiotic business.


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Japan's emphasis on health and wellness, driven by its aging population, has fueled the demand for probiotics. Consumers prioritize maintaining good digestive health and strengthening their immune systems. Additionally, the Japanese population's preference for functional foods and beverages, including probiotics, is deeply ingrained in their daily dietary habits. The country's cultural heritage of fermented foods, such as miso, natto, and kimchi, which naturally contain probiotics, has fostered familiarity and acceptance of probiotic products. This cultural connection has played a significant role in the widespread adoption of probiotics in Japan. With the market leaders' innovative strategies and the rising health consciousness among consumers, the probiotics industry has experienced substantial growth in the Japanese market. Japan's unique demographic and cultural factors, coupled with the growing demand for functional foods, position it as a prominent market for probiotic products.

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...