Wednesday, January 29, 2025

Healthy Pet Diet Trends Fuel $47.4 Billion Pet Food Ingredients Market by 2028

 Pet food ingredients market overview

The pet food ingredients market refers to the industry involved in producing the various components that go into pet food, such as proteins, grains, vitamins, and minerals. This market is driven by the increasing demand for high-quality and nutritious pet food, as pet owners become more conscious about their pets’ health and well-being. The global pet food ingredients market size is projected to reach USD 47.4 billion by 2028 from USD 34.2 billion by 2023, at a CAGR of 6.8% during the forecast period in terms of value.

Several factors influence the pet food ingredients industry, including:

  • Pet Humanization Trend: As pets are increasingly considered members of the family, pet owners are seeking pet foods with ingredients similar to those they consume themselves, such as organic, natural, and sustainably sourced ingredients.
  • Health and Wellness Concerns: Rising awareness about pet health issues, including obesity, allergies, and digestive problems, has led to a demand for specialized pet food formulations with specific ingredients to address these concerns.
  • Product Innovation: Manufacturers are continuously developing new formulations with novel ingredients to cater to specific dietary needs and preferences of pets and their owners.
  • Regulatory Environment: The pet food industry is subject to regulations and standards governing the safety and quality of ingredients, driving manufacturers to ensure compliance and transparency in labeling.
  • Economic Factors: Economic conditions, such as disposable income levels and consumer spending patterns, influence the types of pet food products purchased and the ingredients used in their production.
  • Sustainability: There’s an increasing emphasis on sustainable sourcing and production practices within the pet food industry, leading to a growing demand for ethically sourced and environmentally friendly ingredients.
  • Globalization: The pet food ingredients market is influenced by global trade dynamics, with ingredients sourced from various regions worldwide to meet the diverse needs of pet owners.

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How does the increasing acceptance of cannabidiol(CBD) in various regions contribute to the opportunity for the pet food ingredients market?

Pet owners are increasingly seeking natural approaches to pet health, driving a trend toward wellness-focused pet products. This aligns perfectly with the potential of cannabidiol (CBD), a cannabis derivative gaining attention for its therapeutic benefits in pets.

CBD is believed to have calming and anti-inflammatory properties, potentially helping pets with anxiety, stress, or certain health conditions. Growing consumer education about these benefits, coupled with a more accepting regulatory landscape, opens doors for innovative pet food formulations containing CBD.

This presents a significant opportunity for the pet food ingredients market. Manufacturers can cater to a growing segment seeking alternative, natural solutions for their pets’ well-being. The trend reflects not just pet owner preferences but also a broader shift toward health-conscious and natural pet products, making CBD-infused pet food a potential market winner.

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North America holds a dominant position in the global pet food ingredients market

North America’s dominance in the pet food ingredients market is underpinned by its mature industry, characterized by numerous established manufacturers and distributors. This robust infrastructure facilitates the efficient sourcing and production of a diverse range of pet food ingredients. The proliferation of e-commerce has further bolstered accessibility for pet owners across the region, offering them convenient access to a wide selection of pet food options, including those with unique or specialized ingredients. This increased accessibility contributes to a growing demand for various pet food ingredients. Moreover, North America benefits from large and efficient manufacturing facilities, enabling economies of scale in ingredient production. Consequently, this enhances cost-effectiveness and solidifies the region’s leading position in the pet food ingredients industry.

Key Questions Addressed by the Pet Food Ingredients Market Report

  • How big is the pet food ingredients market?
  • What drives the market for pet food ingredients?
  • Who will be the leading hub for global pet food ingredients market
  • Are there any challenges affecting this industry, as per the pet food ingredients market forecasts?

 

From USD 46.4 Billion to USD 59.1 Billion: Industrial Sugar Market Insights

 Industrial Sugar Market Overview

The Industrial sugar market encompasses the large-scale production, distribution, and usage of sugar for various industrial applications across multiple sectors, such as food & beverages, pharmaceuticals, and cosmetics. The market plays a critical role in providing sweeteners and functional ingredients for processed foods, bakery items, soft drinks, and confectionery products. The industrial sugar industry is expected to grow steadily despite challenges posed by regulatory shifts and consumer demand for low-sugar products. Innovations in sugar substitutes, bioethanol production, and specialty sugars offer promising opportunities for market players to diversify their portfolios.

Market Size and Growth Drivers

  • Market Size: The industrial sugar market size is projected to reach USD 59.1 billion by 2028 from USD 46.4 billion by 2023, at a CAGR of 5.0% during the forecast period in terms of value.
  • Demand in Processed Foods: Increasing consumption of convenience foods, beverages, and confectionery globally continues to drive demand for sugar as a sweetener and texture enhancer.
  • Emerging Markets: Rapid urbanization and changing lifestyles in regions like Asia-Pacific, Africa, and Latin America are contributing significantly to market expansion.

What impact will the introduction of new customers and international players have on the industrial beet sugar industry?

The industrial sugar industry continues to grow rapidly. Key factors contributing to industrial sugar market growth are beet sugar, a significant industrial crop utilized in food processing and producing ethanol and biogas. Mainly in tropical countries, the sugar beet crop offers a valuable alternative to sugarcane. The industrial beet sugar market growth in production and consumption has historically showcased an upward trend. It is likely to develop at a rapid pace during the forecast period. Based on consumption in the industry, the beverages segment is anticipated to offer the highest market attractiveness in the global industrial beet sugar market. Furthermore, introducing a new class of customers and entering various new international players is expected to strengthen the growth of the industrial beet sugar industry globally during the forecast period.

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Processed Food Boom Strengthens Asia Pacific’s Industrial Sugar Market

Asia Pacific leads the industrial sugar market and is expected to grow at the highest CAGR between 2023 and 2028. The region’s sugar consumption is projected to rise significantly, driven by increasing demand from the processed foods industry. Key markets in this study include China, India, Japan, and other Southeast Asian countries. Factors such as rising purchasing power, rapid middle-class expansion, and growing consumer preference for processed products offer strong potential for growth and diversification in the food sector.

The anticipated expansion of food processing units in the region is likely to further boost sugar supply and consumption. Countries like China and India, with their export-oriented food processing industries, place high importance on adopting advanced technologies and automation. These developments are expected to have a positive impact on the industrial sugar market across the Asia Pacific region.

Industrial Sugar Industry Trends and Opportunities

  • Shift Towards Organic and Specialty Sugars: With rising health consciousness, there is growing demand for organic sugars and unrefined options.
  • Use of Industrial Sugar in Bioethanol Production: Sugarcane-based ethanol production, especially in Brazil, is gaining momentum.
  • Innovation in Reduced and Alternative Sugars: Increasing pressure from regulatory bodies has encouraged manufacturers to explore low-sugar formulations and sugar substitutes to cater to health-conscious consumers.

Beverages Application to Hold the Largest Industrial Sugar Market Share

Beverages have the largest industrial sugar market share in the application sector due to several factors. The consumption of sugar-sweetened beverages such as sodas, energy drinks, and sports drinks has been increasing worldwide, particularly in developing countries. Despite efforts by public health advocates to reduce sugar consumption, sales of sugary drinks in the United States increased by 6.4% in 2021, according to Beverage Digest. The production of these beverages has also been on the rise as the global beverage industry continues to expand.

Latest Advancements in the Industrial Sugar Industry

  • In August 2022, Raízen, the world’s largest sugar exporting company, and ASR Group, the world’s largest refiner and marketer of cane sugar, announced a partnership that sets the standard for sustainable raw cane sugar supply chains globally.
  • In July 2021, Al Khaleej Sugar announced the construction of a new sugar factory in Merida, Spain. This expands the company’s operations beyond the Middle East and North Africa, as it seeks to enter the sugar-beet processing industry. The company begun construction of the new factory in 2022 and invested approximately USD 590 million. The factory has a production capacity of up to 900,000 metric tons of sugar annually.

Key Questions Answered by the Industrial Sugar Market Report

  • Which are the major companies in the Industrial sugar market? What are their major strategies to strengthen their market presence?
  • What are the drivers and opportunities for the Industrial sugar market?
  • Which region is expected to hold the highest market share?
  • What is the total CAGR expected to be recorded for the industrial sugar market during 2023-2028?

Meet the World’s Top Industrial Sugar Companies

  • Tereos (France)
  • Michigan Sugar Company (US)
  • Dwarikesh Sugar Industries Limited (India)
  • Canal Sugar (Egypt)
  • Al Khaleej Sugar (Dubai)
  • Rajshree Sugars & Chemicals Limited (RSCL) (India)
  • Rana Group (India)
  • Shree Renuka Sugars Limited (India)

 

Tuesday, January 28, 2025

Food Certification Market Set for Robust Growth, Reaching USD 7.72 Billion by 2029

 The food certification market has become increasingly important in ensuring the safety, quality, and authenticity of food products. This sector encompasses various certifications aimed at meeting regulatory requirements, enhancing consumer trust, and promoting sustainable practices. The global food certification market size was valued at USD 5.6 billion in 2023 and is projected to reach USD 7.4 billion by 2028, at a CAGR of 5.7% during the forecast period.

Key Certifications

  • ISO Certification: Ensures that food products meet international quality management standards.
  • HACCP (Hazard Analysis and Critical Control Points): Focuses on preventing hazards in food production processes.
  • Organic Certification: Guarantees that products are grown and processed according to organic farming standards.
  • Non-GMO Certification: Indicates that the product does not contain genetically modified organisms.
  • Halal and Kosher Certifications: Ensures food products comply with Islamic and Jewish dietary laws, respectively.

Food Certification Market Growth Drivers:

  • Increasing incidences of foodborne illnesses.
  • Growing demand for organic and sustainably sourced products.
  • Stringent government regulations and safety standards.

The Importance of Food Certification in the Meat, Poultry, and Seafood Industry

Meat, poultry, and seafood products are extensively traded on a global scale, with importing countries imposing specific requirements for food safety and quality. In this context, certifications play a crucial role in meeting these stringent standards. Certifications recognized by the Global Food Safety Initiative (GFSI) provide a globally accepted framework that facilitates market access and trade. Additionally, certifications related to quality management systems, such as ISO 9001 and Good Manufacturing Practices (GMP), ensure that businesses adhere to standardized processes, delivering consistent quality products to consumers.

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How do the regulatory frameworks for food safety and quality in Europe impact the demand for food certification?

The Europe region is the dominant market for food & beverages and is expected to be the largest for food certification as well. The food industry in Europe is gigantic. Europe has established robust regulatory frameworks for food safety and quality. The European Union (EU) has implemented various regulations and directives, such as the General Food Law, Hygiene Package, and Novel Food Regulation. These regulations require food businesses to comply with strict standards and undergo certification processes to ensure food safety. As a result, the demand for food certification services is high in Europe. The European region's high standards and stringent regulations often influence global food safety and quality standards. International organizations, such as the Codex Alimentarius Commission, take into account European standards when developing global guidelines. This influence extends to certification schemes, where European certification bodies and standards have gained recognition worldwide.

Also, Europe is a significant market for food products, both domestically and internationally. To access European markets, exporters from other regions must comply with European food safety and quality standards. Certification becomes a crucial requirement for exporters to demonstrate compliance and gain market access. For example, the EU has established specific regulations for organic products (EU Organic Certification) and protected geographical indications (PGI) and protected designations of origin (PDO). These certifications assure consumers of the authenticity and quality of specific food products. The region's regulations and consumer demands drive the demand for certification services, making it a critical component of the European food industry.

Food Certification Market Industry Trends

  • Technological Advancements: The use of blockchain and IoT for tracking and verifying food supply chains is expected to enhance certification processes.
  • Sustainability Focus: An increasing number of certifications aimed at sustainability and environmental impact are likely to emerge.

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Top Food Certification Companies: Ensuring Safety and Quality in the Food Industry

  • DEKRA supports companies in improving workplace safety and meeting import regulations, positioning itself to tap into the global market for food certification.
  • SGS ensures compliance with international food safety standards, promoting transparency and traceability throughout the supply chain.
  • Intertek provides tailored certification services that include allergen testing and regulatory compliance, reinforcing safety and quality for food manufacturers and retailers.
  • AsureQuality emphasizes responsible sourcing and sustainable practices, utilizing advanced technology to enhance certification processes and ensure supply chain integrity.

As consumer demands for transparency and quality continue to rise, these companies are essential in delivering the certifications that foster trust and safety in the food industry.

 

Monday, January 27, 2025

Agricultural Chemicals: Key Market Trends and Growth Projections

 The global agricultural chemicals market is set to expand significantly, with projections indicating growth from USD 235.2 billion in 2023 to USD 282.2 billion by 2028, at a compound annual growth rate (CAGR) of 3.7%. This growth is driven by the increasing demand for food due to a rapidly growing global population and the need for sustainable agricultural practices.

Agrochemicals and Their Role in Agriculture

agricultural chemicals, including fertilizers, pesticides, adjuvants, and plant regulators, play a pivotal role in modern agriculture by:

  • Protecting crops from diseases and pests.
  • Enhancing crop yields and maintaining quality.
  • Bridging the gap between food production and consumption.

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With the global population reaching 8 billion (World Population Prospects 2022), the pressure on agricultural land to produce higher yields has intensified, necessitating the rigorous use of agricultural chemicals.

Government Policies and Regulatory Support

Favorable government policies and regulations have significantly contributed to the growth of the agriculture chemical market. Key initiatives include:

  • Specialty Fertilizers: Labeling and manufacturing guidelines for specialty fertilizers have been adopted in regions like the US and Europe to minimize environmental hazards.
  • China’s Five-Year Plans: Initiatives such as the promotion of Controlled Release Fertilizers (CRFs) have highlighted efforts to reduce pesticide and fertilizer use while enhancing water and food safety.
  • European Green Deal: European industries have improved energy efficiency in ammonia production, aiming for near-zero carbon footprints in the future.

India, a key agricultural nation, has also supported agrochemical growth by imposing no restrictions on imports like Muriate of Potash (MOP).

Technological Advancements and Market Dynamics

Innovations in agricultural technology and globalization have led to changes in farming practices. Key agricultural chemicals market trends include:

  • Increased export and import of agricultural commodities, introducing novel pests and diseases.
  • Development of active ingredients to combat these new challenges.
  • R&D investments in innovative agrochemical solutions, including drift reduction agents and adjuvants.

Prominent agriculture chemical market companies such as Monsanto, Wilbur-Ellis Co., and Precision Laboratories have introduced new products and technologies, including drift control agents like DILIGENCE-EA and the ACCUSTRIKE technology.

Regional Insights and Growth Drivers

South America is projected to achieve substantial growth in agricultural chemicals market, reaching USD 73.2 billion during the forecast period.

  • Brazil and Argentina are leading contributors due to their dominance in soybean and oilseed production.
  • Trade policies and advancements in farming techniques have supported agrochemical adoption in these nations.

Key Market Players

Leading companies driving innovation and agriculture chemical market expansion include:

  • Bayer AG (Germany)
  • BASF SE (Germany)
  • Syngenta (Switzerland)
  • UPL (India)
  • Corteva (US)
  • Nutrien Ltd. (Canada)

These players emphasize global footprint expansion through partnerships, manufacturing facilities, and robust distribution networks.

The agricultural chemicals market is poised for steady growth, driven by technological advancements, government policies, and the growing demand for increased agricultural productivity. With rising global food needs, agrochemicals will continue to play a crucial role in bridging the gap between production and consumption while addressing environmental and sustainability concerns.

 

Friday, January 24, 2025

From $1B to $1.5B: The Expanding Global Market for Insect Repellent Ingredients

 The global insect repellent active ingredients market is projected to grow from $1.0 billion in 2023 to $1.5 billion by 2028, reflecting a robust CAGR of 7.6%. This growth is fueled by the increasing prevalence of vector-borne diseases and the rising awareness of the need for effective pest control solutions.

Key Insect Repellent Market Growth Drivers

Rising Vector-Borne Diseases

Vector-borne diseases account for over 17% of all infectious diseases worldwide, causing approximately 700,000 deaths annually, according to the WHO. Life-threatening illnesses such as malaria, dengue, chikungunya, and the Zika virus are primarily transmitted by mosquitoes and other vectors.

  • Malaria: Transmitted by Anopheles mosquitoes, this parasitic disease affects 219 million people annually, leading to over 400,000 deaths, predominantly among children under five.
  • Dengue: A viral infection caused by Aedes mosquitoes, dengue threatens 3.9 billion people globally, resulting in 40,000 deaths each year.

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The growing incidence of these diseases has intensified the demand for insect repellent products to prevent outbreaks and safeguard public health.

Increased Awareness of Public Health Risks

Insects such as mosquitoes, ticks, and flies are not just disease carriers but also a source of discomfort and disruption. The demand for repellents extends beyond health protection to improve quality of life by preventing itchy bites and infestations.

Asia-Pacific: Leading the Insect Repellent Market Growth

The Asia-Pacific region is expected to dominate the insect repellent active ingredients market due to the high prevalence of vector-borne diseases. Countries in this region face significant health and economic burdens from diseases like malaria, dengue, and chikungunya, making it a critical market for insect repellent solutions.

Mosquito Segment Dominance

Mosquito repellents are anticipated to account for the largest insect repellent active ingredients market share in 2023. Their widespread presence across tropical, subtropical, and even temperate regions underpins the demand for mosquito control solutions. These insects not only transmit diseases but also disrupt daily life, further driving the need for effective repellents.

Future Prospects

The insect repellent active ingredients industry is poised for sustained growth as public health challenges and vector populations continue to rise. With a strong focus on research and development, manufacturers are introducing customized solutions catering to specific regional needs and insect types. The rising demand for insect repellents highlights a critical intersection of health, safety, and quality of life. As diseases like dengue and malaria persist, the market for insect repellent active ingredients will play a pivotal role in mitigating health risks globally. With innovation and regional collaboration, the industry is set to achieve its projected growth and make significant strides in public health protection.

Major Players Driving Innovation

Leading insect repellent active ingredients companies in the market are investing in innovative formulations and product offerings to meet the growing demand. Some of the key players include:

  • Spectrum Brands, Inc. (US): Offers a range of insect repellents under its Home & Garden segment.
  • Dabur (India): Renowned for its Ayurvedic and natural healthcare products, Dabur extends its expertise to insect repellent solutions.
  • Godrej Consumer Products Limited (India): A legacy brand with a robust portfolio in home care and insecticide products.
  • BASF SE (Germany), Reckitt Benckiser (UK), and Henkel AG & Co. (Germany): Global leaders contributing to market innovation.

 

Thursday, January 23, 2025

From Trend to Triumph: Pea Protein Market’s Billion-Dollar Growth by 2029

 The global pea protein market is on track for remarkable growth, with an anticipated value of USD 2.1 billion in 2024 and a forecasted expansion to USD 3.7 billion by 2029, driven by a strong compound annual growth rate (CAGR) of 12.0%. This upward trend underscores the increasing consumer preference for health-focused, plant-based, and eco-friendly dietary solutions.

Health & Wellness Trends Propel Pea Protein Market Growth

Rising awareness around health and wellness is a key driver behind the demand for pea protein. Consumers are gravitating towards products that support muscle growth, assist with weight management, and provide a sense of fullness. Pea protein, rich in essential nutrients, easily digestible, and free from common allergens such as soy and dairy, aligns perfectly with these preferences. Its clean-label appeal, characterized by minimal processing and natural origins, enhances consumer trust and loyalty.

This versatility makes pea protein a valuable component in plant-based foods and beverages, catering especially to vegan and vegetarian diets. The COVID-19 pandemic further accelerated the adoption of plant-based lifestyles, with Europe leading the market in 2024 due to its economic stability and heightened demand for clean-label, plant-based products.

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Environmental Benefits Fuel Popularity

The environmental advantages of pea protein are another significant factor driving its adoption. As consumers increasingly prioritize reducing their carbon footprints, plant-based proteins emerge as sustainable alternatives to animal-based options. With lower resource requirements and reduced greenhouse gas emissions, pea protein is a compelling choice for environmentally conscious individuals and aligns seamlessly with global sustainability goals.

Leading Innovators in the Market

Several prominent pea protein manufacturers are shaping the future of the industry through innovation and expansion:

  • Roquette Frères (France): A global leader in plant-based ingredients, Roquette offers pea protein under its NUTRALYS brand. Renowned for its binding, thickening, and texturizing properties, NUTRALYS is a preferred ingredient in food formulations promoting weight management, muscle development, and blood glucose regulation.
  • ADM (USA): With a century-long legacy, ADM provides a diverse portfolio of nutritional solutions, including pea protein, reinforcing its strong international presence.
  • Ingredion (USA): Known for its range of pea protein products—isolates, concentrates, and flours—Ingredion serves various dietary needs across global markets.
  • Kerry Group (Ireland): Specializing in taste and nutrition, Kerry delivers innovative pea protein solutions tailored to meet the growing demand for plant-based ingredients in the food and beverage sector.
  • Glanbia PLC (Ireland): Offering high-quality pea protein with exceptional functional qualities like flavor and solubility, Glanbia supports a wide spectrum of nutrition-focused manufacturers.

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A Promising Outlook for Pea Protein

The future of the pea protein market looks bright, driven by consumer demand for healthier and more sustainable food options. Key factors like wellness trends, environmental consciousness, and the rise of plant-based diets are solidifying pea protein’s role as a cornerstone ingredient in modern nutrition. Manufacturers are responding with innovative products and broader offerings, ensuring the market remains dynamic and responsive to evolving consumer needs.

As the global shift toward plant-based, sustainable diets continues, pea protein is set to remain a pivotal force, not just as a trend but as a transformative element in the food industry.

 

Wednesday, January 22, 2025

Biological Pest Control Industry Growth Leads to $13.7 Billion Market in 2027

 The global biological pest control market is estimated to be valued at USD 6.6 billion in 2022. It is projected to reach USD 13.7 billion by 2027, recording a CAGR of 15.8% during the forecast period. Biocontrol solutions are naturally derived crop protection solutions such as biopesticides and semiochemicals. They are derived from natural sources such as microbials, biochemicals, and macrobials. Traditional agricultural chemicals are harmful to both the environment and people’s health. Thus, policymakers across the globe, notably in the North American and European areas are regulating them to assure food safety, security, and environmental sustainability. Consumer awareness and the demand for organic food are both soaring. The market is fueled by a combination of all these factors.

 

Biological Pest Control Market Drivers: Rapid spike in pest proliferation as a consequence of climate change

 

Plant diseases and pests are more frequent as a result of climatic circumstances’ rapid changes. Climate change has a considerable impact on agricultural productivity and pest susceptibility throughout time. Changing climatic circumstances make crops more vulnerable to various illnesses and pests, which reduces crop production as a whole. As a result, climate change not only causes farming practises to diverge but also lower crop output. These elements have increased farmers’ reliance on high-quality crop protection products for efficient pest prevention, driving up market demand for biocontrol over the coming few years. Thus, it is anticipated that during the research period, demand for biocontrols will rise.

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The most popular source of biocontrols are microbials, with an estimated market value of USD 3,758.9 million in 2022

 

Pest-specific microbial biocontrol crop protection methods help control pests without harming the environment. In a short amount of time, microbes can also be cultivated in the favourable conditions. Compared to macrobials, they have longer life cycles and can also be stored for use in the future. In comparison to other sources, the cost of creating microbial-based crop protection solutions is also lower. Therefore, the combination of all these variables has made microbials as a souce the industry leader in biocontrol. Additionally, microbials are anticipated to rule during the forecast period.

North America dominated the market, with a value of USD 2,597.3 million in 2022; it is anticipated to grow at a CAGR of 16.1% and reach USD 5,472.3 million by 2027

 

In 2022, North America’s share of the worldwide biological pest control market was estimated to be 39.5%. US, Canada, and Mexico are among the North American nations taken into account for the study of the market. One of the main factors influencing the market adoption of biocontrol is the loss of conventional products due to registration or product performance concerns. Research is a major area of concentration for many important companies, including Corteva Agriscience, FMC Corporation, and Marrone Bio Innovations.

In terms of the end-use application industry, there is no stand-out trend. However, foliar sprays in the biopesticides segment and traps in the semiochemicals segment are projected to witness the fastest growth.

Key Market Players

 

The key players biological pest control market include BASF SE (Germany), Bayer AG (Germany), Syngenta AG (Switzerland), and Corteva Agriscience (US).

 

During the forecast period, the segment for fruits and vegetables is expected to increase at the highest CAGR of 16.2%.

 

High-value specialty crops like fruits and vegetables are often produced in greenhouses and open fields. Due to the increase in health conscious consumers in recent years, the demand for healthy, organic foods like fruits and vegetables has increased, which has led to a change in crop production to specialty crops. Crop farmers profit more from high value crops. Input into agriculture is therefore consistently greater. Along with biopesticides, several pheromone-based solutions are also majorly used in the crop type due to the semiochemicals’ efficacy to control pests in fruits and vegetables. Fruits and vegetables are also the most exported crop types in the organic sector. Thus, to comply with import regulations especially in the North American and European countries, fruits and vegetables segment consume a large share of biocontrol and the demand is projected to grow at the fastest rate during the forecast period.

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Friday, January 17, 2025

Pea Protein Market: Growth Drivers Behind 12% CAGR Expansion to 2029

 The pea protein industry is experiencing significant growth in recent years, driven by various factors such as increasing consumer demand for plant-based protein sources, rising awareness regarding the health benefits of pea protein, and growing preference for vegan and vegetarian diets. The pea protein market size is estimated at USD 2.1 billion in 2024 and is projected to reach USD 3.7 billion by 2029, at a CAGR of 12.0% from 2024 to 2029. Pea protein is derived from yellow peas and is known for its high protein content, as well as being gluten-free and hypoallergenic, making it suitable for a wide range of dietary needs.

What’s Driving the Pea Protein Boom in Europe? A Closer Look at Key Trends

The burgeoning wave of the Europe pea protein market is driven by the continent’s food & beverage industries embracing the multifunctional applications of this plant-based compound. Active participation in global trade amplifies the accessibility of pea protein, facilitating its flow across borders and supporting industries with diverse applications.

European countries play crucial roles in global trade, both as importers of raw materials and exporters of finished products. The demand for pea protein in Europe affects international trade dynamics, influencing production, pricing, and supply chains worldwide.

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Additionally, Europe’s emphasis on environmental awareness and sustainability initiatives has put the region at the forefront. The increasing awareness of environmental sustainability prompts consumers to seek alternative protein sources with lower environmental footprints.

 Pea protein production requires fewer natural resources and emits fewer greenhouse gases compared to animal-based proteins, aligning with the preferences of eco-conscious consumers.

Pea Protein’s Global Impact: The Nutritional Benefits Fueling Consumer Demand

The global popularity of plant-based foods surged in 2020, driven by a wave of innovative products like bakery items, plant-based lattes, and vegan burgers. Even McDonald’s joined the trend with their McPlant menu. This surge coincided with the COVID-19 pandemic lockdowns, which led many to prioritize health and wellbeing. As reported by New Food Magazine, plant-based food sales skyrocketed by 243%, with a significant 14% increase in consumer preference for meat-free and dairy-free options.

Pea protein powder has emerged as a key player in this trend. Its ability to boost protein content in shakes, smoothies, and energy drinks makes it highly versatile. Being naturally vegan and hypoallergenic, pea protein caters to a wide range of dietary needs. Rich in iron and high-quality protein, pea protein is linked to several health benefits, including promoting muscle growth, aiding in weight loss, and supporting heart health. Studies suggest that pea protein, particularly from yellow peas, can even help lower cholesterol and blood pressure without straining the kidneys. These promising health benefits are expected to further propel the growth of the global pea protein market.

 How Pea Protein is Revolutionizing Plant-Based Nutrition?

  • Complete Protein Source: Pea protein contains all nine essential amino acids, making it a complete protein source. This is significant for plant-based diets, as it provides a comparable amino acid profile to animal-derived proteins, supporting muscle growth, repair, and overall health.
  • Sustainability: Pea protein is considered more sustainable than animal-derived proteins, as peas require fewer natural resources like water and land to cultivate compared to livestock farming. Its cultivation also has a lower environmental impact in terms of greenhouse gas emissions and land use, contributing to sustainable food production practices.
  • Versatility: Pea protein is highly versatile and can be incorporated into a wide range of food and beverage products, including plant-based meatsdairy alternatives, protein bars, snacks, and beverages. Its neutral flavor profile and functional properties make it adaptable for various culinary applications without compromising taste or texture.
  • Allergen-Friendly: Pea protein is hypoallergenic and gluten-free, making it suitable for individuals with common food allergies or intolerances. This expands the accessibility of plant-based protein options to a broader consumer base, including those with dietary restrictions.
  • Health Benefits: Pea protein offers numerous health benefits, including support for muscle growth and recovery, weight management, and cardiovascular health. It is low in fat, cholesterol-free, and contains bioactive compounds such as antioxidants and phytonutrients that contribute to overall well-being.

Pea Protein Industry Trends:

  • Rising Demand for Plant-Based Protein: With the growing awareness of the environmental impact of animal agriculture and concerns about animal welfare, many consumers are shifting towards plant-based diets. Pea protein offers a sustainable alternative to animal-derived proteins.
  • Health and Wellness Trends: Pea protein is perceived as a healthy and nutritious protein source. It is low in fat, cholesterol-free, and contains essential amino acids. As health-conscious consumers seek out products with clean labels and natural ingredients, pea protein fits the bill.
  • Expansion of Product Offerings: Food and beverage manufacturers are incorporating pea protein into a wide range of products, including plant-based meat alternatives, dairy alternatives, sports nutrition products, and snacks. This diversification of applications is driving the demand for pea protein.
  • Technological Advancements: Advances in food processing technologies have improved the taste, texture, and functionality of pea protein, making it more appealing to consumers and suitable for a broader range of food applications.

Pea Protein Industry Leaders: A Look at the Key Manufacturers

Roquette Frères (France): Leading the Way in Sustainable and Nutritious Plant-Based Ingredients

Roquette Frères is one of the industry leaders in manufacturing plant-based ingredients and proteins. It caters to biopharma, pharma and nutraceuticals, cosmetics, food and nutrition, animal nutrition, and industrial markets. Its product offerings include pea proteins and pea starch. The company offers pea protein under the Nutralys brand, which has binding, thickening, gelling, and texturizing properties.

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The company operates through 25 industrial sites offering its products in more than 100 countries across the Asia Pacific, Europe, North America, and South America. Roquette America Inc. (US), Roquette Co. Ltd. (China), Roquette Ltd. (UK), Roquette Korea Ltd. (Korea), and Roquette CH SA (Switzerland) are some of the subsidiaries of the company.

ADM (US) Global Impact: Connecting Alternative Protein Solutions Across 190 Countries

The Archer-Daniels-Midland Company (ADM) is a leading American multinational with 75 years of experience in alternative proteins and flavors. Known for its expertise in human and animal nutrition, ADM excels in food and beverage, health, supplements, and animal nutrition. The company operates through four main product segments: Agricultural Services and Oilseeds, Carbohydrate Solutions, Nutrition, and Other Businesses.

 

Wednesday, January 15, 2025

2022-2027 Health Ingredients Market Trends and Growth Projections

 The global health ingredients market is poised for significant growth, with an expected compound annual growth rate (CAGR) of 7.8% from 2022 to 2027. The market is projected to increase from $100.5 billion in 2022 to $146.3 billion by 2027. This growth is driven by evolving consumer preferences and technological advancements in personalized nutrition, which have made it possible to develop more targeted and need-based products. These ingredients offer a range of functional benefits, such as supporting the immune system, aiding digestion, promoting mental health, enhancing beauty, and improving cardiovascular health.

How are consumer preferences for clean-label products influencing the demand for plant-based herbal supplements and botanicals?

One of the key trends in the health ingredients market is the growing shift towards plant-based alternatives. As consumers move away from animal proteins, the demand for plant protein ingredients is rapidly expanding. This shift is not only impacting the protein segment but is also driving the growth of plant-based herbal supplements and botanicals. Consumer interest in plant extracts is being influenced by the desire for clean-label products, sustainability concerns, and an increasing need to avoid allergens.

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Furthermore, the market for herbal supplements is broadening beyond vegans to include flexitarians—those who are adopting more plant-based diets but are not entirely vegetarian. This change in consumer preferences presents significant growth opportunities in the health ingredients market, particularly for products that cater to plant-based and clean-label demands.

Probiotics: A Fast-Growing Segment

Among the various product categories in the health ingredients industry, probiotics are expected to achieve the highest CAGR in terms of value. Probiotics offer significant health benefits, particularly for gut health and immune support. As preventative healthcare gains traction, consumers are increasingly turning to probiotics to strengthen their immune systems and prevent diseases.

A survey conducted in May 2020 by DuPont Nutrition & Biosciences in collaboration with the Natural Marketing Institute revealed a surge in probiotic use across key global markets. In the U.S., probiotic usage rose by 66%, with 25% of supplement users incorporating probiotics into their routine—up from just 15% six months earlier. Similar trends were observed in Italy and China, with the number of probiotic users increasing by 188% and 108%, respectively. This heightened interest, particularly during the pandemic, signals continued growth for probiotics in the long term, as consumers in these markets expect to maintain or increase their use of probiotics.

Plant-Based Foods Driving Market Growth

Plant-based foods are emerging as a primary growth driver within the health ingredients market. Several factors, including the rise of vegan culture, increased health awareness, and concerns about animal welfare, are contributing to the popularity of plant-based diets.

According to the Good Food Institute’s 2021 report, plant-based food sales have outpaced overall food sales in both dollar and unit growth for the past three years. In fact, plant-based food sales have increased by 54%, while total food sales have grown by just 2%. This growth is a key indicator that plant-based foods are driving retail expansion in the health ingredients sector, and this trend is expected to continue through the forecast period.

Asia-Pacific to Lead the Market

The Asia-Pacific (APAC) region is expected to capture the largest health ingredients market share during the forecast period. A major factor contributing to this growth is the large millennial population in the region. According to the World Economic Forum, Asia is home to 1.1 billion millennials, making up 24% of the region’s population. This demographic is highly active and increasingly health-conscious, seeking innovative products that align with their fitness and wellness goals.

As millennials and Gen Z become key consumers of dietary supplements, particularly in countries like China and India, the demand for health ingredients in APAC is set to rise significantly. This demographic shift is expected to fuel market expansion in the region, driving both value and volume sales of health ingredients in the coming years.

Top Health Ingredients Companies and Their Role in Market Innovation and Expansion

The health ingredients market is highly competitive, with several prominent players dominating the landscape. Key health ingredients companies include Archer Daniels Midland Company (ADM), Associated British Foods, Kerry Group, DSM, BASF, Cargill, Ingredion, Arla Foods, Tate & Lyle, Lonza, Glanbia, CHR Hansen Holdings, and Probi. These companies are focusing on strategic partnerships, expansions, and new product launches to strengthen their market presence and capitalize on emerging trends.

In conclusion, the health ingredients market is on track for substantial growth, driven by consumer demand for functional foods and supplements that cater to specific health needs. The market’s expansion is fueled by the increasing shift towards plant-based diets, the growing popularity of probiotics, and the rise of health-conscious consumers in key regions such as Asia-Pacific. As these trends continue, the market presents significant opportunities for companies that are able to innovate and meet evolving consumer demands.

The Road Ahead: Market Opportunities

As the health ingredients market continues to expand, there are numerous opportunities for growth. Companies must stay ahead of emerging trends to secure their place in this competitive landscape. Here are some key questions companies can consider as they navigate the evolving market:

  • What are the known and unknown adjacencies impacting the health ingredients market?
  • What new revenue sources can be tapped into?
  • Who will be your top customers, and what will drive them to choose your product over competitors?
  • How can you defend your market share or win over your competition?

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Tuesday, January 14, 2025

Biopesticides Market Insights: Doubling in Size Over Five Years

 Biopesticides are derived from natural materials like animals, plants, bacteria, and certain minerals. They offer a safer alternative to synthetic pesticides, helping reduce the environmental footprint of agriculture while maintaining crop productivity. The global biopesticides market size is estimated at USD 7.72 billion in 2024 and is projected to reach USD 15.66 billion by 2029, at a CAGR of 15.2% during the forecast period. Increasing demand for sustainable and eco-friendly agricultural solutions is one of the driving forces in the biopesticides market.

Unpacking North America’s Prominent Position in the Biopesticides Industry

The North American biopesticides market holds a significant share because of the well-built infrastructure for agriculture and large adoption of modern technologies related to crop protection in this region. In this region, farming practices are diverse and extensive, creating a strong demand for effective biopesticide solutions to combat various fungal diseases and pests while achieving high yields. Key agricultural areas include Texas and Mexico’s Rio Grande Valley, known for citrus fruits; California’s Central Valley, which produces fruits and vegetables; the Gulf Coastal Plain, primarily focused on vegetables; and the Appalachian sandy valleys, renowned for cotton and tobacco. Additionally, North America is home to leading biopesticide manufacturers, supported by continuous research and development efforts that drive innovation and enhance product availability. Government regulatory support aimed at boosting agricultural productivity further strengthens the demand for biopesticides, solidifying North America’s dominant position in the global market.

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How does precision agriculture present an opportunity for the biopesticides market?

Precision agriculture represents a significant opportunity within the biopesticides market. By incorporating advanced tools like drones, sensors, and data analytics, farmers can detect infestation areas with greater accuracy, enabling them to apply biopesticides more effectively and efficiently. The integration of technology with eco-friendly solutions holds considerable promise for advancing biopesticides in contemporary, sustainable farming practices.

Key Factors Driving the Biopesticides Industry Growth:

  • Rising Consumer Demand for Organic Products: As consumers become more health-conscious and concerned about chemical residues in food, demand for organic produce has increased. This trend is pushing farmers to adopt biopesticides to meet organic certification standards.
  • Environmental and Regulatory Pressure: Governments worldwide are implementing stringent regulations on chemical pesticides due to their adverse effects on human health and the environment. Biopesticides, being natural and less harmful, face fewer regulatory hurdles, encouraging their adoption.
  • Increasing Awareness and Adoption of Sustainable Farming Practices: Farmers and agricultural companies are increasingly aware of the long-term benefits of sustainable farming, such as soil health preservation and reduced pest resistance, leading to a greater reliance on biopesticides.

What’s New in Biopesticides? Recent Developments and Industry Insights

  • In May 2024, Bioceres Crop Solutions Corp announced that Brazil’s Ministry of Agriculture and Livestock (MAPA – Ministério da Agricultura e Pecuária) has approved three new bio-insecticidal and bio-nematocidal solutions derived from inactivated cells of the company’s proprietary Burkholderia platform.
  • In May 2024, FMC Corporation and Optibrium signed an agreement to accelerate the discovery of novel crop protection technologies including biopesticides using ML and AI.
  • In April 2024, Bayer signed an agreement with UK-based AlphaBio Control on a new biological insecticide. This strategic move should strengthen Bayer’s product portfolio. This new insecticide will be the first of its kind made available for arable crops, such as oilseed, rapeseed, and cereals, enabling Bayer to enhance its offerings in the field of sustainable crop protection.

Top Biopesticides Companies

  • BASF SE (Germany)
  • Bayer AG (Germany)
  • Syngenta Group (Switzerland)
  • UPL (India)
  • Corteva (US)
  • FMC Corporation (US)
  • Nufarm (Australia)
  • Sumitomo Chemical Co., Ltd. (Japan)
  • Gowan Company (US)

Biopesticides Market Trends:

  • Increased Research and Innovation: Advances in biotechnology are expected to improve the efficacy, shelf life, and scope of biopesticides, making them more competitive with synthetic alternatives.
  • Growing Market for Organic Farming: With the rise in organic farming, the demand for biopesticides is set to expand further, particularly in regions where organic agriculture is growing.
  • Strategic Collaborations and Acquisitions: Companies in the biopesticides market are increasingly forming partnerships to enhance product offerings and expand their global presence.

Fruits and Vegetables Set to Hold the Largest Biopesticides Market Share

The fruits and vegetables segment holds the largest share of the biopesticides market due to the crops’ high susceptibility to pest infestations and the strict regulations surrounding pesticide residues on these products. As consumer demand for residue-free fruits and vegetables continues to rise, biopesticides emerge as a safer, environmentally friendly alternative that protects crop quality. Furthermore, many export markets have established rigorous organic standards for fruits and vegetables, further driving the need for biopesticide applications within this category.

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Monday, January 13, 2025

Global Plant Growth Regulators Market to Grow by 7.2% CAGR to 2029

 The Plant growth regulators market is experiencing significant growth due to the increasing demand for food production, sustainable agriculture practices, and advanced crop management techniques. PGRs are chemicals that influence the growth and differentiation of plant tissues, effectively acting as plant hormones. They are widely used in agriculture, horticulture, and floriculture to enhance crop yield, improve quality, and optimize resource utilization.

Plant Growth Regulators Industry Analysis

The global plant growth regulators market is anticipated to grow from USD 3.3 billion in 2024 to USD 4.6 billion by 2029, reflecting a compound annual growth rate (CAGR) of 7.2% during the forecast period. This growth is driven by the rising demand for high-value crops, which is boosting the use of natural PGRs in agriculture. Additionally, the increasing focus on sustainable agricultural practices and the expansion of organic farming are key factors contributing to market growth. The shift in dietary preferences and the emphasis on sustainable farming methods are also fueling the adoption of plant growth regulators. These trends underscore the growing importance of PGRs in modern agriculture, supporting their expanding market presence.

How does the agricultural industry in the Asia-Pacific region contribute to the growth of the plant growth regulators industry?

The plant growth regulators industry is expanding in the Asia-Pacific region due to several key factors. Firstly, the region is home to a major agricultural industry, with a significant share of the world’s agricultural output coming from Asia-Pacific countries. To meet the rising food demand driven by population growth and evolving dietary preferences, these countries are focused on boosting agricultural productivity, creating a growing demand for effective solutions like plant growth regulators. Additionally, the region is experiencing rapid technological advancements and a greater adoption of modern agricultural practices, including the use of plant growth regulators to maximize crop yields and enhance quality.

Key Plant Growth Regulators Market Growth Drivers

Growing Global Population and Food Demand: With the global population continuously rising, there is an increasing need for food production. PGRs help in enhancing crop productivity and ensuring food security by promoting faster growth, improving fruit size, and enhancing stress resistance.

Shift Towards Sustainable Agriculture: Farmers and agricultural businesses are increasingly adopting sustainable practices to reduce environmental impact. PGRs, which can help reduce water use and improve nutrient uptake, align well with this shift towards sustainable farming.

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Technological Advancements in Agriculture: The integration of PGRs with modern agricultural technologies such as precision farming and vertical farming is driving market growth. These advancements help optimize the use of PGRs, making them more effective and reducing wastage.

Increasing Horticulture and Floriculture Practices: The growing popularity of horticulture and floriculture in both developed and developing countries is fueling the demand for PGRs. These practices require specialized growth regulators to control plant growth, flowering, and fruiting, which enhances product quality.

What factors are expected to propel the fruits and vegetables segment to the forefront of growth within the plant growth regulators market?

The global demand for fruits and vegetables is rising, driven by factors such as population growth, urbanization, and increasing health consciousness among consumers. To keep up with this demand, farmers are turning to advanced agricultural practices, including the use of plant growth regulators, to boost yield, improve quality, and extend the shelf life of their produce. At the same time, consumers are becoming more selective, seeking fruits and vegetables that are not only abundant but also of high quality, free of blemishes, and longer-lasting. PGRs are essential in meeting these expectations by regulating plant growth, enhancing fruit set, improving color development, and delaying the aging process. The fruits and vegetables segment includes a wide variety of crops, from fragile berries to robust root vegetables, each with unique growth requirements and challenges.

Maximizing Crop Yields: The Role of Plant Growth Regulators in Sustainable Agriculture

The expansion of crop production relies heavily on resource availability and climatic conditions. Limited arable land and resources like labor, inputs, and irrigation, compounded by unpredictable weather patterns, directly impact global production goals. According to the Organisation for Economic Cooperation and Development (OECD), there’s a projected limited increase in the area for coarse grains by 2023, but significant growth is anticipated in crop yields, especially for wheat, oilseeds, and sugarcane. Plant growth regulators offer benefits by enhancing crop health, unlike traditional fertilizers that may disrupt soil balance and cause toxicity.

An uptick in oilseed crop and sugarcane production is expected due to rising demands in food, feed, and fuel industries. The OECD-FAO Agricultural Outlook 2020-2029 forecasts a growth in global soybean oilseed production from 367 metric tons in 2021 to an estimated 406 metric tons in 2029. This expansion is fueled by increased demand for protein meals, notably in China, potentially improving farmers’ economic conditions with appropriate government support.

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BASF SE’s Global Reach: Leveraging 234 Production Sites to Serve Diverse Industries

BASF SE Group operates globally with 234 production sites, including six Verbund sites, and relies on approximately 112,000 employees worldwide. Its operations encompass diverse segments such as Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. Offering a wide array of system solutions and services, BASF SE caters to industries ranging from chemicals, automotive, and building to agriculture, oil, plastics, electrical, electronics, furniture, and paper. Within its Agricultural Solutions division, BASF SE specializes in providing plant growth regulators. These products target the hormonal system of plants, adjusting the proportions of various plant hormones to facilitate advantageous growth. With a focus on enhancing crop health and yield, BASF SE’s plant growth regulators business segment is involved in researching, developing, manufacturing, and marketing these products.

In August 2022, BASF SE launched a new production facility in Singapore, investing USD 38.04 million, aimed at providing farmers in the Asia Pacific region with cutting-edge crop protection solutions. This endeavour is expected to broaden BASF SE’s consumer base for its agricultural offerings, including plant growth regulators, thereby facilitating business expansion in the region.

Insights from the Plant Growth Regulators Industry Report

  • Key Industry Leaders: What are the major plant growth regulators companies?
  • Which region is expected to hold the highest plant growth regulators market share?
  • What are the key technology prevailing in the plant growth regulators market trend?

 

Sunday, January 12, 2025

Sugar Substitutes Market to Expand at 4.9% CAGR Through 2029

 The sugar substitutes market is experiencing robust growth driven by rising consumer demand for healthier alternatives to traditional sugar. Increasing awareness about the negative health effects of excessive sugar consumption—such as obesity, diabetes, and cardiovascular diseases – has led consumers, food manufacturers, and governments to seek alternatives. Sugar substitutes market size is estimated at USD 23.56 billion in 2024 and is projected to reach USD 29.90 billion by 2029, at a CAGR of 4.9% from 2024 to 2029. Sugar substitutes, including both artificial and natural sweeteners, are becoming essential components across food, beverage, pharmaceutical, and personal care industries.

Sugar Substitutes Market Growth Drivers

Health and Wellness Trends:

  • Growing focus on reducing calorie intake and managing lifestyle diseases like diabetes.
  • Rising popularity of weight management products and low-calorie diets.

Clean-Label and Natural Products Demand:

  • Consumers prefer natural sugar alternatives such as stevia, monk fruit, and agave nectar over synthetic sweeteners.
  • The shift toward “clean-label” products is influencing manufacturers to use plant-based or organic sugar substitutes.

Regulatory Support and Government Initiatives:

  • Governments imposing sugar taxes and promoting sugar reduction programs to fight obesity.
  • Global dietary guidelines encouraging the adoption of sugar alternatives.

Food and Beverage Industry Innovations:

  • Use of sugar substitutes in soft drinks, confectionery, dairy products, and bakery items.
  • Sugar substitutes playing a major role in functional foods and beverages such as sports nutrition products.

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What Makes Xylitol A Fast-Growing Segment in the Health And Personal Care Sectors?

Sugar substitutes such as xylitol are rapidly emerging as a significant segment in the health and personal care sectors, particularly due to their dental-friendly attributes. Approved by the FDA and the European Union for oral health applications, xylitol is recognized as a “tooth-friendly” ingredient commonly found in toothpaste and various chewing gums. Its effectiveness in preventing plaque formation and stimulating salivary enzyme production makes it a valuable asset in dental care. Furthermore, consumers are increasingly recognizing the benefits of sugar substitutes like xylitol in dental products, appreciating them as a less bitter alternative for oral healthcare.

High-Intensity Sweeteners Poised for Sugar Substitutes Market Share Growth

High-intensity sweeteners are the leading choice in the sugar substitutes market, primarily due to their enhanced sweetness properties, which allow them to provide the same level of sweetness as sugar with significantly smaller quantities and without added calories. These characteristics make them popular in the food and beverage industry, where they offer high heat stability and a long shelf life. Additionally, they cater to the rising consumer demand for low-calorie and diabetic-friendly products. Their superior ability to mimic the taste of sugar contributes to calorie reduction, further driving their increasing popularity.

Asia-Pacific Sugar Substitutes Market: Forecasting High Growth Amidst Health Trends

The Asia-Pacific region has become the fastest-growing sugar substitutes market across the world due to rising health awareness, increased cases of diabetes, and a shifting consumer preference for low-calorie natural sweeteners. Therefore, rapid urbanization with the rise in the middle-class population in countries like China, India, and Japan provides an urging call towards providing healthier food. Some of the key driving factors are government initiatives associated with the reduction of sugar intake and weight management products. Its well-articulated food and beverage industry, which is allied with an increased interest in health and well-being, helps to cement its place as a market leader.

Recent Advances in Sugar Substitutes Industry: What You Need to Know

  • In June 2022, International Flavors & Fragrances Inc. (“IFF”) merged with DuPont’s Nutrition & Biosciences (“N&B”), which transferred various legal entities associated with the N&B business of DuPont to IFF. The merger between IFF and N&B resulted in a new global leader in high-value ingredients and solutions for the food and beverage business. The new combined entity would be better positioned to come up with creative solutions to meet customer requirements through its expanded skill base and global reach, together with the growing demand for natural, health, and “better for you” products.
  • In November 2021, Cosun Beet Company, Ingredion Incorporated, Matsutani Chemical Factory and Samyang Corporation jointly announced the establishment of a new consortium that will help introduce allulose into the markets of EU and UK, getting it nutritionally labelled as a carbohydrate. The newly formed alliance has been named Allulose Novel Food Collaboration (ANFC).

Market Leaders: The Top Sugar Substitutes Companies Shaping the Industry

  • International Flavors & Fragrances Inc. (US)
  • ADM (US)
  • Tate & Lyle (UK)
  • Ingredion (US)
  • Cargill, Incorporated (US)
  • Roquette Frères (France)
  • PureCircle (US)
  • MacAndrews & Forbes Holdings Incorporated (France)
  • JK Sucralose Inc. (China)

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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...