Egg Replacers Industry Growth: Expected to Reach $3.3 Billion by 2029

 Egg replacers are ingredients used in food products to replace the functionality of eggs. They are commonly used in vegan and allergy-friendly recipes, as well as in products targeting health-conscious consumers. The global egg replacers market size is projected to reach USD 3.3 billion by 2029 from USD 2.3 billion by 2024, at a CAGR of 8.0% during the forecast period in terms of value. The market for egg replacers is expected to grow, driven by innovations in food technology, increasing consumer awareness, and the expansion of plant-based and allergy-friendly products.

 

Egg Replacers Market Growth Drivers:

 

• Rising Veganism and Vegetarianism: Increased demand for plant-based diets drives the need for egg replacers.
• Allergy Concerns: Egg allergies are prompting the use of alternative ingredients.
• Health Consciousness: Consumers looking for lower cholesterol and healthier options fuel the market.
• Sustainability: Growing environmental awareness leads to a preference for sustainable and less resource-intensive ingredients.

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How Dry Egg Substitutes Are Expected to Capture the Largest Egg Replacers Market Share?

This is because dry egg substitutes have a number of benefits that attracts both manufacturers and customers. They are useful and also affordable because they have a longer lifespan, simple to store and transport, and moreover there is no need to be refrigerated. Dry egg replacements are very easy to work with and incorporate into a variety of recipes by simply adding water, so they may still be used in baking and cooking applications. The previously mentioned benefits create dry egg substitutes a favored option in the food processing sector, driving their significant expansion and dominance.

Asia-Pacific’s Egg Replacers Market: A Steady Growth Trajectory for the Forecast Period

The increasing urbanization in the Asia Pacific region and the rising middle-class population with higher disposable incomes boosts the consumption of convenience foods and bakery products where egg replacers are majorly consumed. The food industry push for sustainable and ethical sourcing is a major driver because like manufacturers, consumers also look to reduce the environmental impact associated with traditional egg production. Innovations in food technology have helped to develop egg replacers with the closest functional properties of eggs, such as binding, emulsification, and leavening, without any detrimental effect on taste or texture. A favorable regulatory regime that encourages government initiatives for betterment in food safety and quality standards indeed is encouraging for the adoption of egg replacers across the region. With multinational companies expanding further and increasing their presence, as well as domestic players entering the market, the competitive landscape also becomes dynamic enough to further give a boost to the growth in the market.

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Top Egg Replacers Companies

• Cargill, Incorporated (US)
• ADM (US)
• Kerry Group plc (Ireland)
• Ingredion (US)
• Tate & Lyle (UK)
• Puratos (Belgium)
• Corbion (Netherlands)
• Arla Foods Ingredients Group (Denmark)
• Glanbia plc (Ireland)
• Dupont (US)

Exploring the Rapid Growth of Plant-Based Sources

One of the key drivers is the rising health and sustainability awareness on the part of consumers, with millions of people turning to plant-based diets daily in order to make a lesser impact on the environment and for all-around healthier lives. Second, plant-based egg replacers target many different dietary needs, from vegan to vegetarian and even those with an allergy to eggs, further broadening their market appeal. This demand is also being driven by the trend of clean labeling, through which consumers move toward products with simple and recognizable ingredients, and plant-based options are viewed as healthier with more of a natural feel. Advancements in food technology have significantly improved the taste, texture, and functionality of plant-based egg replacers, hence making the option considerably more attractive both for the consumer and the manufacturer. Of late, the trends—flexitarian diets, in particular—are gaining huge popularity among people who try as much as possible to reduce their consumption of meat and animal products without going into complete avoidance. And this forebodes an upsurge in the demand for plant-based alternatives.

Egg Replacers Industry Developments

• In July 2024, Revyve launched a yeast-based egg replacement ingredient tailored for plant-based burgers. This innovation leverages their expertise in creating texturizing ingredients from upcycled brewer’s yeast.
• In November 2022, Ingredion completed one-third of its $160 million investment plan, aimed at significantly boosting capacity for modified and clean label specialty starches across its global supply chain.
• In September 2022, Puratos formed a partnership with food tech company Shiru to explore and scale alternatives to egg proteins for baked goods. This collaboration will enable Puratos to prototype new ingredients for various baked goods, with Shiru accelerating their market introduction.

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$13.9 Billion Environmental Testing Market Expected by 2027: Key Drivers

 The global environmental testing market size is estimated to reach $13.9 billion by 2027, growing at an 8.1% compound annual growth rate (CAGR). The global market size was valued at $9.4 billion in 2022.

The environmental testing market encompasses services and technologies used to monitor, detect, and assess environmental contaminants and pollutants. This sector includes a variety of testing methodologies for air, water, soil, and other environmental matrices. The primary drivers of this market are regulatory requirements, increasing public awareness about environmental issues, and the need for pollution control and environmental protection.

Environmental Testing Market Trends

·       Increasing demand for environmental protection: Public concern over environmental degradation is on the rise, and this is leading to increased demand for environmental testing services. Governments around the world are also enacting stricter environmental regulations, which is creating a need for businesses to comply with these regulations.

·       Growth in developing economies: Developing economies, such as those in Asia Pacific and Africa, are experiencing rapid industrialization. This is leading to increased pollution levels and a growing need for environmental testing services.

·       Advancements in technology: New technologies are constantly being developed that can improve the accuracy and efficiency of environmental testing. This is making it more affordable and easier for businesses to comply with environmental regulations.

·       Focus on sustainability: There is a growing focus on sustainability among businesses and consumers. This is leading to an increased demand for products and services that are environmentally friendly. Environmental testing can help businesses to ensure that their products and processes are sustainable.

These trends are expected to drive the growth of the environmental testing market in the coming years.

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Technologies:

·       Chromatography: Techniques like gas chromatography (GC) and liquid chromatography (LC) used for separating and analyzing complex mixtures.

·       Spectroscopy: Methods such as mass spectrometry (MS), atomic absorption spectroscopy (AAS), and inductively coupled plasma (ICP) used for detecting and quantifying pollutants.

·       Molecular Diagnostics: Including polymerase chain reaction (PCR) and other techniques used for detecting microbial and chemical contaminants.

·       Other Technologies: Encompassing sensors, portable testing kits, and software for data analysis and management.

What opportunities have arisen for the environmental testing market in developing regions?

Industrialization on the Rise in Developing Regions

Several developing regions, particularly across Asia, have seen a surge in industrial activity in recent years. Countries like China, Japan, and India have made significant strides, while Hong Kong, Korea, and Taiwan have become leading exporters of textiles and other goods. To further accelerate manufacturing growth, governments have launched initiatives like India’s “Make in India” and China’s “Made in China 2025.” These programs have not only boosted industrial output but also raised awareness among citizens about the economic importance of this sector.

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While these aggressive strategies have positioned Asia as a leader in industrial development, governments are also mindful of the environmental impact. This has led to the implementation of various environmental protection acts, creating a demand for environmental testing services. As pollution and contamination rise, particularly in Asia Pacific, stricter regulations and safety standards are expected in the coming years. Advancements in testing methods for pollutants like pesticides, heavy metals, and chemicals will be crucial for managing environmental concerns and propelling the growth of the environmental testing market.

Environmental Testing Market Growth Drivers

• Regulatory Compliance: Stringent environmental regulations globally necessitate regular monitoring and testing to ensure compliance with environmental standards.
• Public Health Concerns: Increasing awareness about the impact of pollution on health drives the demand for environmental testing.
• Technological Advancements: Innovations in testing technologies enhance the accuracy, speed, and cost-effectiveness of environmental analyses.
• Industrial Growth: Expansion in industrial activities increases the potential for pollution, thereby boosting the demand for environmental testing services.
• Sustainability Initiatives: Growing focus on sustainability and environmental protection encourages industries to adopt regular testing and monitoring practices.

The US was the dominating market in the North American region, with the highest CAGR growth in the environmental testing industry

The US economy has experienced rapid growth during the past decade. Population increase and energy consumption can lead to environmental contamination. As a result, the US government has implemented strict environmental standards and policies. These factors are driving as the growth of the market for environmental testing in US.

Top Environmental Testing Companies

·       SGS SA (Switzerland)

·       Eurofins Scientific (Luxembourg)

·       Intertek Group plc (UK)

·       Bureau Veritas (France)

·       ALS (Australia)

·       TÜV SÜD (Germany)

·       AsureQuality (New Zealand)

·       Mérieux NutriSciences (France)

·       Microbac Laboratories, Inc. (US)

·       Envirolab Services Pty Ltd (Australia)

The wastewater/effluent market dominated the market for environmental testing, with the largest environmental testing market share during the forecast period.

With the increase in the population, the demand for clean drinking water and water for agricultural and irrigation purposes has increased, the demand for wastewater testing has been on high demand. Government demand the treatment and testing of wastewater industry producing chemicals, pharmaceuticals, food, beverages, and other products to safeguard the environment and communities.

 

Protein Hydrolysates Market Projected to Hit $2.9 Billion by 2027

 The protein hydrolysis enzymes market is poised for significant growth, with a projected compound annual growth rate (CAGR) of 6.2% from 2022 to 2027. Valued at USD 2.2 billion in 2022, the market is expected to reach USD 2.9 billion by 2027. Protein hydrolysis enzymes play a critical role across diverse industries, including food and beverages, pharmaceuticals, detergents, textiles, leather, and other applications like animal feed, photography, and waste management. Their versatility and potential for innovation are key factors fueling this growth.

Market Trends Driving Growth

·       Food and Beverage Industry Demand:
Protein hydrolysis enzymes enhance the nutritional profile and functionality of food products, making them a staple in food and beverage manufacturing.

·       Pharmaceutical Applications:
These enzymes are increasingly used to produce biologically active peptides, catering to the growing demand for personalized medicine.

·       Animal Feed Industry Growth:
Enzymes improve the digestibility and nutritional value of feed, making them indispensable in livestock nutrition.

·       Innovations in Enzyme Efficiency:
Ongoing research and development efforts aim to enhance the specificity and efficiency of these enzymes, paving the way for more targeted applications.

Key Protein Hydrolysis Enzymes Market Growth Drivers

Rising Prevalence of Chronic Diseases

With chronic diseases accounting for 71% of global deaths (WHO, 2019), there is an urgent need for innovative solutions. Protein hydrolysis enzymes are increasingly recognized for their therapeutic potential, particularly in colorectal cancer treatment, where they aid in breaking down cancerous toxins and inhibiting metastasis.

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Adoption of Microbial Enzymes

The microbial segment is experiencing the fastest growth, thanks to the biochemical diversity and genetic manipulability of microorganisms. Microbial enzymes are essential in sectors such as baking, brewing, detergents, textiles, and pharmaceuticals. Major players in microbial enzyme production include Novozymes (Denmark) and Advanced Enzymes Technologies (India).

Regional Insights: Asia Pacific Leading the Way

The Asia Pacific region is projected to witness the highest growth rate in protein hydrolysates market during the forecast period. Key drivers include:

·       Technological Advancements in Pharmaceuticals:
Countries like China, India, and Japan are at the forefront of pharmaceutical innovation. For instance, China's R&D investments are expected to grow by 7% annually from 2021 to 2025, while India's pharmaceutical market saw a 13.9% revenue increase in early 2022.

·       Expanding Industrial Applications:
The region is rapidly adopting protein hydrolysis enzymes across industries, driven by industrialization and innovation.

Key Players in the Market

Leading companies shaping the protein hydrolysates market include:

• Novozymes (Denmark)
• Associated British Foods (UK)
• DSM (Netherlands)
• DuPont (US)
• BASF (Germany)
• Advanced Enzymes Technologies (India)
• Chr. Hansen (Denmark)

The protein hydrolysates market offers a promising outlook, driven by innovative applications, rising health consciousness, and technological advancements. With substantial growth potential in Asia Pacific and increasing investments in research and development, the market is set to play a pivotal role across industries in the coming years.

 

Global Wellness Trend Pushes Probiotics Industry Towards $105.7 Billion by 2029

 The global probiotic supplements market has experienced robust growth, driven by increasing consumer awareness about gut health and overall wellness. The rising demand for functional foods, dietary supplements, and expanding applications in pharmaceuticals and animal feed are key factors propelling this growth. The future of the probiotics industry looks promising, with continuous innovation in product development and growing consumer interest in preventive healthcare. The expansion of probiotics into new application areas, such as mental health (psychobiotics) and skincare, as well as increasing demand in emerging markets, are expected to drive sustained growth. the global  probiotic supplements market size is estimated to be valued at USD 71.2 billion in 2024 and is projected to reach USD 105.7 billion by 2029, recording a CAGR of 8.2%. 

 

How Dietary Diversity Fuels the Demand for Probiotics in Functional Foods

 

Functional food and beverages seamlessly integrate probiotics into consumers’ daily routines, catering to the demands of modern, fast-paced lifestyles. Secondly, the segment offers a diverse array of products, ranging from probiotic-fortified yogurts and dairy drinks to functional kombuchas and enhanced water, thereby accommodating varied consumer preferences and dietary requirements. Furthermore, ongoing innovation within the functional food and beverage sector amplifies its dominance. Product developments such as probiotic-infused ice cream, chocolates for digestive health, functional gummies targeting specific health needs, and even probiotic beer tailored for health-conscious consumers signify the sector’s adaptability and responsiveness to evolving consumer demands.

 

Most Promising Probiotics Industry Manufacturers: Navigating Innovation and Competition

 

Key players like Probi and Nestlé are leading the charge in this evolving space. Probi’s recent partnership with Clasado Biosciences to develop synbiotic products underscores its commitment to innovation. Meanwhile, Nestlé’s vast R&D infrastructure supports its position as a global leader, offering probiotic products under its Nutrition and Health Science segment. Companies like International Flavors & Fragrances Inc. (IFF) are also making strides, with a strong focus on quality control and delivering multifunctional health benefits through their extensive range of probiotics.

As consumer awareness grows and the market becomes more competitive, the coming years will reveal the true potential of Proteus-based probiotics. Stay tuned for what’s next in this ever-evolving industry!

 

Asia Pacific Sets the Benchmark in Probiotics Industry Growth

 

The presence of established probiotic brands such as Yakult Honsha Co., Ltd. (Japan) has cultivated a culture of probiotic consumption, laying a robust foundation for market expansion. Furthermore, the region boasts a strong presence of companies, including Morinaga Milk Industry CO., LTD. (Japan), Meiji Holdings Co., Ltd. (Japan), and Unique Biotech Ltd (India).

Moreover, the Asia Pacific region’s dominance is reinforced by a growing health consciousness among consumers, highlighted by expanding awareness of the gut microbiome’s impact on health.

 

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This trend, underscored by a June 2022 study published in the National Institutes of Health (NIH) journal, Nutrients, drives demand for probiotics addressing various health concerns, including digestive issues and immune function. The market’s embrace of innovation is evident through the diversification of probiotic applications beyond traditional products like yogurt, encompassing fortified foods and beverages, topical applications for skin health, and even pet probiotics. This robust market ecosystem is further augmented by the growing popularity of e-commerce platforms, favorable regulatory environments, and government healthcare initiatives promoting preventive healthcare and healthy lifestyles across the region.

 

 Global Probiotic Supplements Market Growth Drivers

 

Health Consciousness: There is a growing awareness of the importance of maintaining gut health for overall well-being. Probiotics are increasingly recognized for their role in improving digestive health, boosting immunity, and preventing various health issues.

Demand for Functional Foods: Consumers are increasingly seeking out foods and beverages with added health benefits. Probiotics are a key ingredient in the functional foods market, with products ranging from yogurt to fortified beverages and snacks.

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 How big is the probiotic supplements market in North America?

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Ground Truth: How Soil Monitoring Technologies Are Revolutionizing Agriculture

 Soil monitoring is the practice of tracking the health and condition of soil over time. This can be done for a variety of reasons, including:

• To assess the fertility of the soil and determine what nutrients it needs
• To monitor soil moisture levels and ensure that crops are getting the water they need
• To track changes in soil health over time and identify any potential problems
• To comply with environmental regulations

 

The soil monitoring market size is estimated to be worth USD 551 million in 2022 and is projected to reach USD 1,088 million by 2027, at a CAGR of 14.6%. Efforts of governments and companies to promote sustainable agriculture practices, the pressing need to preserve soil quality, stringent government regulations pertaining to ecological stability, and the growing need for improving farm productivity to feed the rising population are some of the driving factors for the soil monitoring market.

 

Factors Driving the Soil Monitoring Market Growth

 

Progressive farmers in the US, Canada, the Netherlands, Israel, Denmark, and Australia have shown a keen interest in soil monitoring. This practice has gained widespread acceptance among farmers using irrigation, as it can optimize crop quality and maximize yields. Over-irrigation leads to shallow root patterns, causing essential nutrients to wash away and negatively impacting crop quality. As the global population continues to rise, potentially leading to food shortages, soil monitoring has become increasingly crucial. The farming community faces immense pressure to enhance agricultural output to address future food security concerns. By precisely monitoring inputs, technology helps improve crop yield per hectare, ensuring proper crop development. Effective irrigation and water management, facilitated by soil moisture sensors, contribute to higher yields and better crop quality. These sensors also make farming more profitable by conserving water and energy and significantly reducing costs.

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Government Support for Marginal Farmers to Access Advanced Soil Monitoring

 

Soil monitoring can help farmers economize on resources by reducing expenditures on water, fertilizers, pesticides, and other inputs. However, reliable soil monitoring sensors are costly, and growers often face a choice between high expense or compromised reliability. Significant capital investment is required to purchase these systems. While large commercial farmers can afford the high costs of soil monitoring sensors and devices to reap their benefits, small landholders struggle with the high upfront expenses. Government incentives, subsidies, or aid from donor communities can assist marginal farmers in adopting advanced soil monitoring technologies. Public sector investments in agricultural R&D have positioned the US agricultural industry as a leader in state-of-the-art technologies. The US Senate Appropriations Committee’s fiscal year 2020 agriculture appropriations bill allocated USD 23.1 billion in discretionary funding, with USD 3.172 billion specifically earmarked for agricultural research.

Ground-based monitoring systems were the most extensively used technology in the global soil monitoring market

 

Ground-based monitoring systems held the largest share of the soil monitoring market in 2021. The adoption of sensors and other soil monitoring devices has been increasing among progressive farmers worldwide due to the numerous benefits these sensors offer, such as enabling site-specific inputs for crops. Ground-based monitoring systems are expected to continue growing during the forecast period. The market for sensing and imagery systems is projected to grow at the highest rate between 2022 and 2027. Within this category, the satellite-based soil monitoring segment had the largest share in 2021 and is anticipated to experience significant growth during 2022–2027.

The European region held the second-largest soil monitoring market share in 2021 after the Americas and is expected to maintain its position during the forecast period. The use of digital farming techniques has become more prominent in Europe owing to advancements in the field of sensors, robotics and automation, and remote sensing technology. Soil monitoring helps farmers to utilize the technology to improve farm productivity; additionally, sensors are useful in saving water resources in other applications such as sports turf, residential irrigation, and landscaping and ground care. EU countries have signed a Declaration of Cooperation on a smart and sustainable digital agriculture future and take action to support the digitalization of agriculture. However, the APAC region is expected to witness fast growth during the forecast period owing to the high degree of agriculture technology adoption in Australia, New Zealand, and Japan, with emerging countries like India and China investing a huge amount in the digitalization of the agriculture sector.

 

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Top Industry Players in Soil Monitoring

• Stevens Water Monitoring Systems (US)
• SGS Group (Switzerland)
• Meter Group (US)
• Element Materials Technology (UK)
• The Toro Company (US)
• Campbell Scientific (US)
• Sentek Technologies (Australia)
• Spectrum Technologies (US)
• Irrometer Company (US)
• Cropx Technologies (Israel)
• Acclima (US)
• Aquacheck (US)

 

Soil Monitoring Industry News: Latest Updates and Developments

 

• Stevens Water acquired Structure Monitoring (US) in January 2019, a provider of intelligent IoT solutions, to enhance Steven Water’s platform—Stevens-Connect.
• In October 2021, SGS launched the GLP soil characterization service to help determine the chemical, physical, and biological properties that affect soil fertility.
• SGS partnered with Mammoet (Netherlands) in November 2019, a global leader in lifting and transporting heavy objects, for sustainable soil stabilization in Nigeria.
• In July 2020, METER Group launched 2 new data loggers—ZL6 Basic and ZL6 Pro—to its Zentra series of data loggers and will provide more options to customers to connect with their data.
• Element Materials Technology Group Limited acquired FOSTA Group in July 2022, a leading geotechnical instrumentation and soil investigation specialist based in Singapore. This acquisition significantly strengthens Element’s services within the fast-growing infrastructure and environmental markets and complements its existing capabilities in Southeast Asia.
• In January 2020, The Toro Company acquired Venture Products (US), a manufacturer of Ventrac products. This acquisition will support the company’s strategy to grow in the professional market with an expanded product line to cater to customers in landscape, turf, and snow and ice maintenance categories.

 

The soil monitoring industry is segmented by several key factors, allowing for a more granular view of this industry. Here’s a breakdown of the common segmentation types:

Offering

• Hardware: This segment includes all the physical components used in soil monitoring systems, such as sensors (moisture, temperature, pH, etc.), weather stations, data loggers, and other field instruments.
• Software: This segment covers the software applications used to collect, analyze, and visualize data collected by soil monitoring sensors. This software can provide farmers and land managers with insights into soil health and guide informed decisions about irrigation, fertilization, and other agricultural practices.
• Services: This segment includes services such as system installation, maintenance, data analysis, and consulting. These services can be helpful for farmers and land managers who may not have the expertise or resources to manage their own soil monitoring systems.

 

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Type

• Sensing & Imagery: This segment includes technologies that collect data about soil conditions remotely. This can include satellite imagery, aerial photography, and other forms of remote sensing.
• Ground-based Sensing: This is the most common type of soil monitoring, and it involves using sensors that are placed directly in the soil. These sensors can measure a variety of soil parameters, such as moisture content, temperature, nutrient levels, and pH.
• Robotics & Telematics: This is a growing segment of the soil monitoring market that uses robots and other autonomous vehicles to collect data about soil conditions. This technology can be used to collect data over large areas of land quickly and efficiently.