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Updated by Rupali on May 31, 2020
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48

Increasing Adoption of a Vegan Diet is Fueling the Egg Replacers Market

Egg replacers are ingredients that can be used to replace eggs in cooking or baking or as an ingredient. There are many substitutes such as dairy products, starches, soy products, algal flour, pea protein, and rice protein that are used to avoid the usage of eggs. Egg replacers are mostly used to avoid the addition of eggs, while retaining their nutritional profile and/or functional properties in a food product. The obesity crisis and the consequent desire among consumers to become healthier is a key growth driver for manufacturers who better align their offerings to consumer needs and desires for healthier food. Due to these factors, consumers are more inclined toward egg replacers, which has resulted in its increased demand. Furthermore, egg replacers such as dairy proteins, starches, soy-based products, algal flour, pea proteins, and rice proteins are natural and safe to consume. They are, however, classified as allergens that can isolate certain parts of the consumer base.

The global egg replacers market is projected to reach USD 1,283.0 million by 2022, at a CAGR of 6.2%

Growing health concerns such as obesity and cardiovascular diseases are compelling the food industry to develop healthy varieties of food products using healthy ingredients. The growth of the egg replacers industry is driven by product developments in applications such as dairy products, starches, soy products, algal flour, pea protein, and rice protein. cereal desserts, confectionery; the rising health-consciousness among consumers and awareness regarding veganism in emerging economies of Asia Pacific are expected to drive the market for egg replacers.

Rising egg prices to bolster the market outlook for egg replacers

The egg replacers market poses positive growth potential, as their consumption continues to witness growth, driven by the market positioning of egg replacers as a healthier and less expensive alternative to eggs. Moreover, eggshells are easily breakable; eggs also spoil quickly. Hence, eggs require a well-equipped supply chain for transportation without wastage. In countries with high egg consumption but not very well-developed logistical chain, egg wastage during the transportation is high. All these factors lead to a higher cost of production of food products such as bakery & confectionery products, savories, snack products, sauces, salad dressings, and spreads. On the other hand, egg replacers such as starches, vegetable proteins, dairy proteins, and soy-based products are often available at a lesser price than that of eggs. Using egg replacers completely or partially in final products can often result in reduced costs of final products.

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The bakery & confectionery segment dominates the application segment of the egg replacers market

The application segment of the egg replacers market is estimated to have dominated by the bakery & confectionery segment, which accounted for the largest share in 2016. Egg replacers impart food products with resilient structure, uniform crumb, aid in enhancing the volume, and retaining the moisture. Thus, these products are widely utilized as functional ingredients in several bakery and confectionery products such as cakes, muffins, frozen snacks, donuts, cookies, pastries, and brownies. Key players such as Cargill (US), Ingredion Incorporated (US), and Glanbia PLC (Ireland) developed various egg replacers to cater to the needs of bakery manufacturers. For instance, Ingredion Incorporated offers egg replacers such as VITESSENCE Pulse and N-CREAMER, which are plant-based and are used in various bakery applications.

The fastest-growing application in egg replacers includes sauces, dressings & spreads. Egg substitutes are utilized in various popular sauces such as Béarnaise sauce, spreads, mayonnaise, and different salad sauces. Due to the outbreak of avian flu in the US in late 2014, various food manufacturers in the North American region have been demanding egg-free ingredients. Therefore, resulting in a substantial increase in demand for egg replacers in sauces and dressings was observed in the North American market, where sauces, spreads, and dressings are widely used in food & salad dishes. Furthermore, the high demand for eggless mayonnaise and other sauces, due to concerns regarding potential allergens and the growing vegan population, is expected to supplement the demand for egg replacers in the sauces, dressings, and spreads segment.

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Geographical Prominence

North America accounted for the largest share in the global market in 2016, followed by Europe, which was the second-largest region for egg replacers in the same year. The major factors that drive the growth of the egg replacers market in North America are the outbreaks of avian flu and the growing prices of eggs. Additionally, heightened concerns among North American consumers regarding flu outbreaks, which, in turn, resulted in a reduction in demand of eggs over a period of time and an increase in demand for egg replacers. Hence, food manufacturers are shifting toward the use of egg substitutes and are driving the demand for egg replacers for use in various egg-based food applications such as bread, cakes, and muffins, among others. They do not have adverse effects on health, apart from a few exceptions of allergies. These factors are also boosting the demand for egg replacers.

47

Asia-Pacific Dominates the Market for Nutraceutical Products

The global nutraceutical products market size is projected to grow from USD 267.4 billion in 2019 to USD 404.8 billion by 2025, recording a CAGR of 7.2% during the forecast period. The growth in the aging population and the rising number of chronic diseases are encouraging manufacturers to produce nutrition-rich products. Further, the increasing demand for fortified food due to their health benefits is projected to drive the growth of the nutraceutical products market. However, consumer skepticism associated with the adoption of various nutraceutical products and high costs associated with these products are facotrs projected to hinder the market growth of nutraceutical products.

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The beverage segment in the nutraceutical products market is projected to be the fastest-growing segment

Nutraceutical beverages such as sports drinks, energy drinks, juices, and ready-to-drink tea and coffee-based beverages are witnessing high demand due to the growing number of sports enthusiasts and inclination toward active nutrition. Moreover, the consumption of protein-based beverages is increasing due to the increasing demand among health-conscious consumers for protein-rich beverages. Furthermore, manufacturing companies are focusing on introducing new fortified functional beverages due to the increasing consumer inclination toward healthy beverages fortified with several organic and nutraceutical ingredients.

The proteins & amino acids segment is projected to hold the largest market share during the forecast period

Proteins are mainly used in industrial applications due to their nutritional and functional properties. Their potential to increase nutritional levels makes them one of the key ingredients in the nutraceutical products market. Additionally, extensive R&D on proteins and the benefits of their properties have led to the identification of innovative uses in the personal care and pharmaceutical industries. Furthermore, the role of amino acids in the growth of organisms to build strong muscular tissues, development of organs, and optimal functioning of the immune system has led to their increasing usage in snacks, ready-to-eat, and convenience foods.

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North America is projected to hold the largest market share during the forecast period

North America is projected to account for the largest market share during the forecast period due to the rising obesity levels in the region and increasing awareness among consumers about the health benefits of prebiotics, proteins & amino acids, omega-3 fatty acids, and their role in weight management. Moreover, increasing the health requirements of customers in the region have encouraged food and beverage manufacturers to develop enhanced nutraceutical products.

The nutraceutical products market comprises major players such as Kraft Heinz Company (US), The Hain Celestial Group (US), Conagra (US), General Mills (US), Kellogg’s (US), Nestlé (Switzerland), Nature’s Bounty (US), Amway (US), Hero Group (US), Barilla Group (Italy), Raisio Group (Finland), Pfizer Inc. (US), and Freedom Food Group Limited (Australia). The study includes an in-depth competitive analysis of these players in the nutraceutical products market, with their company profiles, recent developments, and the key market strategies.

Probiotics Market Trends, Size, Analysis | COVID-19 Impact on Probiotics Market | Business Research by MarketsandMarkets

Probiotics Market has a significant scope for growth and is projected to grow at a CAGR of 7.0% , to reach a value of USD 69.3 billion by 2023. Impact of Covid-19 on Probiotics Market get report today

45

Top Driving Factors of Pet Food Ingredients Market

The report "Pet Food Ingredient Market by Ingredient (Cereals, Meat & Meat Products, Vegetables, Fruits, Fats, and Additives), Source (Animal-based, Plant-based, and Synthetic), Pet (Dog, Cat, and Fish), Form (Dry and Liquid), and Region - Global Forecast to 2025", The pet food ingredients market is estimated to be valued at USD 37.0 billion in 2019 and is projected to reach USD 54.3 billion by 2025, at a CAGR of 6.6% from 2019 to 2025. The growing pet adoption rates among the urban population and an increase in pet expenditure for premium products have been driving the pet food ingredients industry.

Browse 131 market data Tables and 60 Figures spread through 197 Pages and in-depth TOC on "Pet Food Ingredient Market - Global Forecast to 2025"

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The deboned meat & meat meal segment is estimated to account for the large share, in terms of value in meat & meat products segment, by ingredient, in 2019

The pet food ingredients market, by ingredient, is segmented into cereals, vegetables, fruits, fats, meat & meat products, and additives. These segments are further sub-segmented into the commonly used ingredients in pet food. The pet food industry is reliant on these ingredients for commercial pet food manufacturing, to formulate nutritionally balanced and complete pet food as per the varying nutritional needs among different pet species. The majority of these ingredients are by-products of food products manufactured for human consumption, and thus prove to be an economical solution for pet food manufacturers.

One of the emerging trends in the pet food industry is the incorporation of insects, as they are an excellent source of protein. Additionally, vegan and grain-free pet food products have been gaining popularity in the pet food industry. These trends are expected to increase the popularity of different fruits & vegetables in pet food to provide varied taste, texture, and flavor.

The cat food segment, by pet, is estimated to witness the fastest growth in the pet food ingredients market in 2019

The pet food ingredients market, based on pet, is segmented as dog, cat, fish, and others. Dogs are the most popular pets adopted, and key players are focusing on offering pet food for them to gain a significant share in the pet food ingredients market. The US witnesses the highest registration of pet dogs, which is estimated to be more than 73 million.

The demographical statistics in Asia are unreliable as pet dogs do not have to be registered in this region. However, the number of pet dogs is estimated to be nearly 110 million in China and 32 million in India. The sales of premium cat food are on the rise, and its high cost has not caused any hindrance in the growth of the premium cat food market. The increasing focus of consumers on preventive healthcare is one of the factors driving the demand for expensive and high-quality cat food in the pet food industry.

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North America dominated the pet food ingredients market in 2018, in terms of value and volume

North America accounted for the largest market share in 2017. The pet food ingredients market is consolidated in North America and dominated by several companies such as ADM, Cargill, Ingredion, SunOpta, DowDuPont, Darling Ingredients, and Kemin. In North American countries such as the US and Canada, the pet food ingredients market is driven by the expansion of production plants of leading companies and acquisitions to meet the rising demand from the pet food industry. These factors have fueled the growth of the pet food ingredients market in the North American region.

This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes profiles of leading companies such ADM (US), DSM (Netherlands), Cargill (US), BASF (Germany), Ingredion (US), Roquette Frères (France), SunOpta (Canada), Darling Ingredients (US), Omega Protein Corporation (US), DowDuPont (US), Kemin (US), InVivo (France), and John Pointon & Sons Ltd (UK).

44

What's driving the Functional Flours Market Growth?

The functional flours market caters to various food industries, such as bakery, R.T.E. products, and particularly, soups & sauces. Among all kinds of food applications, R.T.E products are the most widely used applications of the functional flours market. R.T.E products such as breakfast cereals, snacks, pasta products, ready-to-eat meals, and nutritional bars have gained importance in the global functional flours market. Changing lifestyles and high disposable incomes drive people to rely on processed & packaged food products. The increase in demand for processed food in developed economies is driving the functional flours market. Growth in middle-class population in developing countries further offers a larger customer base for this market. Consumer preferences in emerging economies of China, India, Brazil, and the Middle East have gradually transitioned from traditional home-made breakfast to snacks meals over the last couple of decades. This growth of the food industry is expected to fuel the market for functional flours.

Asia-Pacific: Projected to be the fastest-growing market

Asia-Pacific is projected to be the fastest-growing market for functional flours, due to the region’s flourishing economy with a large population base ready to spend on processed food, and the rapidly growing consumer markets of China, India, and Japan. In this region, the specialty flours segment dominates the functional flours market, as it is used in the preparation of a variety of food items in the bakery and R.T.E. products market.

Governments and associations are promoting the usage of functional flours due to the increasing instances of nutritional deficiency in larger demographics. They are hence promoting the usage of enriched flours. For instance, the associations of industrial millers in Latin America and the Caribbean played an important role in promoting and enabling flour fortification throughout the region. Another such program by the Flour Fortification Initiative has led to the broad implementation of flour fortification in countries of the Eastern Mediterranean, Middle Eastern, and North African regions. Many companies such as Cargill, Incorporated (US) have joined this initiative to promote functional flours.

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These initiatives are creating awareness among processors and are resulting in the wider acceptance of enriched flours. Moreover, technological developments, business developments, increasing trade, and marketing in support of flour fortification are further promoting the usage of functional flours.

Soups & sauces: Projected to be the fastest-growing market

The application of functional flours in soups & sauces is estimated to emerge as a potential market, and is projected to grow at the highest CAGR from 2016 to 2022. High consumption of processed soups & sauces in the developed markets led to a high revenue generation for functional flour manufacturers in the past. Change in food habits and urban lifestyle in the emerging economies such as China, India, Brazil, and other South Asian and Latin American countries influenced the growth of the processed food industry during the review period. Increase in consumption of soups & sauces in these countries is consequently driving the functional flours market as these flours are used to maintain the thickness and consistency of various soups & sauces.

The key players identified in the functional flours market include Cargill, Incorporated (U.S.), Archer Daniels Midland Company (U.S.), Bunge Limited (U.S.), Associated British Foods plc (U.K), and General Mills, Inc. (U.S.).

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44

Algaecides Market Projected to Garner Significant Revenues by 2022

The algaecides market is projected to grow at a CAGR of 6.52% from 2016 to 2022, to reach a projected value of USD 2.79 Billion by 2022. Algaecide products and water treatment services for algal control have been gaining significance from the last decade due to the uncontrolled growth of algal blooms in freshwater lakes and marine coastlines & estuaries. Toxins produced as a result of algal blooms are considered to be dangerous to humans, marine, and freshwater environments. Hence, various preventive and control measures for the treatment of algae are driving the growth of the algaecides market globally.

The application of algaecides is the largest in aquaculture because of the organized development of aquaculture in both, freshwater and marine areas for maintaining water quality and increased incidence of algal bloom in the North American and Latin American regions which affects the fish and mussel farmers in the region. The larger demand for copper sulfate is attributed to its effectiveness against all species of algae and its increasing usage in wastewater treatment. Granular algaecides, on the basis of form, accounted for the largest market share in 2015 owing to its higher dissolution and penetration into the algal cells and easier handling process. In 2015, on the basis of mode of action, the non-selective algaecides segment dominated the market, due to the high preference of copper sulfate and quaternary ammonium compounds to control a wide range of algal species.

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North America accounted for the largest regional market share in 2015 and is projected to grow at the highest CAGR for the next six years. The strong emphasis on controlling environmental pollution in North America, especially the U.S. is expected to play an important role in the demand for algaecides along with other preventive measures.

Regulatory control on the usage of certain compounds in different countries limited the range of algaecides available for the formulators to develop. The approval of local authorities is required for the application of algaecides on the waste water discharged in public water bodies in order to ascertain that the active ingredients utilized are not sensitive to non-target species, which limits the use of algaecides.

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The algaecides market is a fragmented market with a large number of domestic manufacturers, formulators, and suppliers. Easy availability of inexpensive raw materials allows the entry of many small-scale manufacturers and to compete for market position. Off-patent chemicals are mainly utilized for algaecide formulation and limited research activities are conducted with respect to algaecides, except for some key players. Lonza Group (Switzerland) is one of the key players in the algaecides market. The major strategy adopted by the company is acquisitions, for increasing their presence in high-demand markets of the U.S., Europe, and Latin America. Strategic acquisitions have helped the company in strengthening its portfolio of approved active ingredients in both, established and emerging markets.

44

Insect Growth Regulators Market Will Hit Big Revenues in Future

The insect growth regulators market is segmented on the basis of type, form, application, and region. The segmentation by type includes chitin synthesis inhibitors, juvenile hormone analogs & mimics, and anti-juvenile hormone agents. The market on the basis of form is segmented into liquid, aerosol, and bait. The market is also segmented by application into agricultural, livestock pests, and commercial pest control. On the basis of region, it is segmented into North America, Europe, Asia-Pacific, South America, and Rest of the World (RoW).

The primary factors that drive the insect growth regulators market are adoption of crop protection chemical products that are environmentally safer and less toxic to use. Insect growth regulator products are more selective and cause little to no damage to other plants and animals that come in contact with them as they are more compatible with biological approaches. There is a rise in the commercial pest control segment in the usage of insect growth regulator products as they are selective in nature.
On the basis of type, the juvenile hormone analogs & mimics segment, by type, is projected to have the highest CAGR from 2016 to 2022.

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This is due to its wider usage in commercial pest control methods which use juvenile hormone analogs & mimics on a large scale. Juvenoid insect growth regulators act directly on insect eggs causing sterilization, disrupt behavior, and disrupt diapause (the process that triggers dormancy). All insect systems influenced by juvenile hormone analogs are potential targets for a juvenoid insect growth regulator.

The aerosol segment, by form, is projected to have the highest CAGR from 2016 to 2022. Aerosols are highly effective as they have direct contact with the target insect in the form of spray droplets. These can be used in small quantities and are preferable over other forms of insect growth regulators.
The commercial pest control segment is projected to have the highest CAGR from 2016 to 2022. This is due to the rise in awareness about the usage of less toxic chemicals in commercial spaces to control bugs and other insects. Due to growing concerns of property damage as a result of infestation of bugs and other insects, there is an increase in the demand for insect growth regulators in the commercial pest control industry.

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The Asia-Pacific market is projected to have the highest CAGR from 2016 to 2022. Insect growth regulator products are preferred in countries such as China, Japan, and India as they have growing agricultural sectors and more arable land. There is also high demand for alternatives to chemical-based treatment options for insects and pests, which is fueling the demand for insect growth regulators. The key players in the insect growth regulators market are Bayer CropScience AG (Germany), Dow Chemical Company (U.S.), Sumitomo Chemical Company Ltd. (Japan), Syngenta AG (Switzerland), ADAMA Agricultural Solutions Ltd. (Israel).

44

Shortenings Market -Big Players Focusing on New Product Launches & Investments for Business Expansion

The report "Shortenings Market by Key Ingredient (Oil, Butter, Lard, Tallow), Source (Vegetable, Animal), Variant (Solid, Liquid, All-purpose, Cake/Icing), Application (Bakery, Confectionery, Snacks & Savory), and Region - Global Forecast to 2022", The global shortenings market is projected to reach USD 4.57 Billion by 2022 in terms of value, at a CAGR of 4.2% from 2017.

The global shortenings market is expanding with considerable growth potential over the next five years. The growth of this market can be attributed to the growth of the convenience food sector, favorable functional properties of shortenings, and growth in usage and applications of shortenings in bakery & confectionery products and snacks & savory products.

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Bakery products segment, by application, is estimated to be the largest segment in 2017

The bakery products segment is estimated to be the largest market share in the shortenings market in 2017, due to growing application of shortenings to obtain varied functional properties in bakery products such as biscuits, sweet biscuits, or cookies. Shortenings are used to produce a palatable and appealing product with desired textural characteristics. Bakery products such as cookies, cakes, breads, pastries, and pie crusts benefit from the functional properties imparted by the use of shortenings.

Oil: The most widely preferred type of key ingredient in shortenings

The oil segment is estimated to be the largest share in the shortenings market, in terms of value, in 2017. The vegetable oils such as palm oil, soybean oil, canola oil, and olive oil are used in the production of shortenings. Palm oil is the most widely preferred key ingredient in shortenings, as it is economical, compared to butter. Consumption patterns in urban demographics, influenced by busy lifestyles represent an enhanced need for convenience and yet healthy products. Consumer awareness has created a new market for healthy products and natural ingredients derived from palm oil such as interesterified shortening and shortening produced from healthy rice bran oil.

Vegetable shortenings segment, by source, is estimated to be the largest segment in 2017

The vegetable segment is estimated to be the largest market share in the shortenings market in 2017, due to its wide range of applications in the food industry. The growth in demand for vegetable shortenings in the industry can be attributed to the rise in awareness regarding healthy, fortified, non-hydrogenated trans-free vegetable shortenings. Increase in concerns related to health due to the consumption of animal fat shortenings fuel the growth in consumption of vegetable shortenings.

Asia-Pacific estimated to be the most lucrative market for shortenings

In 2017, the Asia-Pacific region is estimated to hold a significant share in the global shortenings market.

India is a major consumer of palm oil and butter-based products such as shortenings and margarine. Malaysia and Indonesia are the leading producers of palm oil and major exporters of processed palm oil products. The rapid expansion of the applications of fats & oils such as palm oil and butter has resulted in the growth of the market in the region, which has further increased the demand for fat & oil derived products such as shortenings.

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This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as Cargill (U.S.), Archer Daniels Midland Company (U.S.), ConAgra Brands (U.S.), Wilmar International Limited (Singapore), and Bunge Limited (U.S.).

44

Top Driving Factors of Non-Thermal Processing Market for Food

The global non-thermal pasteurization market is estimated at nearly USD 1.1 billion in 2018 and is projected to reach nearly USD 2.7 billion by 2023, growing at a CAGR of 19.8%. The key drivers of the market are growing consumption of convenience foods and rising acceptance of non-thermal pasteurization among food product manufacturers to extend the shelf life of products.

On the basis of technique, the market segmentation includes HPP, PEF, MVH, irradiation, ultrasonic, and others. The HPP segment is estimated to account for the largest share in the non-thermal pasteurization market in 2018, and the same trend is projected to continue during the forecast period. Among all the other technologies, HPP is a widely used technology in non-thermal pasteurization of food. It preserves the freshness of food products as well as aids in extending their shelf life. HPP ensures efficient processes for microbial inactivation and food preservation. This helps to extend the shelf life of food products. Hence, rising acceptance among food product manufacturers and high market penetration have enabled HPP to have the largest market share.

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Based on application, the market segmentation includes food, beverages, and pharmaceutical & cosmetics. The food segment is estimated to account for the largest share in the non-thermal pasteurization market in 2018. The food industry is further sub-segmented into fruits and vegetables, meat products, ready meals, and dairy. The food industry widely uses non-thermal pasteurization for the preservation of meat, seafood, fruits, and vegetable products; as well as other packaged food products. Thus, increasing usage of non-thermal pasteurization by food product manufacturers to extend the shelf life of products is expected to increase the export business, which, in turn, is expected to propel the market growth.

The global non-thermal pasteurization market, on the basis of food form, is segmented into solid and liquid.
The liquid segment is expected to be a faster-growing segment during the forecast period. This is due to the rising consumption of juices and carbonated drinks globally. The rising health concerns are also increasing the consumption of health drinks. This increased consumption is, in turn, accelerating the growth of the non-thermal pasteurization market.

The non-thermal pasteurization market in North America is projected to witness the fastest growth between 2018 and 2023. North America is projected to be the fastest-growing market due to the rising disposable income, changing busy lifestyle of consumers, and increasing health awareness. Non-thermal pasteurization is increasing its market share more rapidly in North America due to the demand for extended, safe, refrigerated shelf life; and favorable food preservation legislation.

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The market for non-thermally pasteurized food & beverage products in North America is also being driven by the demand for health and wellness products. Among all the countries in the region, the US is projected to account for the largest market share during the forecast period due to its rising investments among key players.

44

Known and Unknown Adjacencies Impacting the Feed Processing Market

The feed processing market is estimated at USD 21.61 billion in 2018, and is projected to grow at a CAGR of 4.3%, to reach USD 26.62 billion by 2023. The feed processing market is driven by in the rising demand for feed around the world, technological advancements in the equipment industry, customized services, and the growth in awareness regarding feed nutrition and health.

The Asia Pacific region is projected to be the largest market for feed processing during the forecast period. According to the Population Reference Bureau, the fastest-growing consumer markets of China, India, and other Asia Pacific countries had a combined population exceeding 6 billion people (as of 2017), which is projected to become an increasingly important driver for the growth of the global livestock adoption; this is propelling the high-quality livestock feed market in the region and is consequently driving the feed processing market growth. Other drivers that would have a positive impact on this market are the increasing household incomes and the growing middle-class population.

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Market consolidation is one of the major restraints for the feed processing market. The feed industry has also been experiencing the same, which has a relative effect on the feed processing industry. In March 2016, Bühler acquired Mill Technology Co. (US), a manufacturer of duty hammer mills and related products that are sold primarily to the feed, pet food, and grain & oilseed processing sectors. This acquisition establishes Buhler’s strong commitment to the North American feed, grain, and oilseed processing markets, through investments in innovative technology.

Based on type, the testing & analysis segment is projected to grow at the highest CAGR from 2018 to 2023. The need for feed safety testing was generated to ensure that the feed is safe and contains no harmful chemicals. The need to understand the composition of feed was driven by the demand for balanced feed and improved additives from the stakeholders in the feed industry. Several advanced rapid analytical methods and technologies have been developed to conduct a wide range of tests and analyses of animal feed, which include pathogen testing, fat & oil analysis, mycotoxin analysis, nutritional labeling, and pesticide testing.

Based on the form of feed, the pellets segment is projected to grow at the highest CAGR during the forecast period. Pelleting is one of the crucial and important processes in feed processing, to mold feed material into the shape of a pellet. Pellet feed is made from the mash, which is heated and compressed into a pellet, whereas crumbles are mostly made from whole pellets, which are cracked or rolled into a smaller size.

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Based on livestock, the swine segment is projected to grow at a higher CAGR through 2023, making it a key revenue pocket for the feed processing industry. Swine experience various physical, physiological, and behavioral changes during its lifespan, which may lead to decreased feed intake and extreme weight loss. An increase in the demand for swine feed products in various forms such as pellets, mash, and crumbles, is one of the main factors driving the feed processing market growth in the North American countries.

44

Food Deaerators Market to Record Steady Growth by 2023

The global food deaerators market was valued at USD 270 million in 2018 and is projected to reach USD 363 million by 2023, at a CAGR of 6.1% from 2018 to 2023. The key drivers of the market are the increasing beverage consumption, the growing demand for convenience food products with an extended shelf life, and reduced side-effects of high-dissolved oxygen in beverages. Increasing capital consumption in the beverage industry and investments by governments in the food processing machinery & equipment industry is projected to create profitable growth opportunities for the market. However, low capital investment is projected to inhibit the market growth during the forecast period.

On the basis of type, the spray-tray type segment accounts for the largest market share in 2017. These equipment are large in size and provide enhanced storage capacity for food products. These deaerators are mainly used to support large industrial watertube boilers. In addition, manufacturers are increasingly utilizing these deaerators due to the growing requirement for wide operability to control and handle a fluctuating process. A horizontally oriented deaerator vessel is further used to accommodate large outlet capacities during food production.

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Based on function, the oxygen removal segment is projected to witness the fastest growth from 2018 to 2023. The oxygen removal function witnesses increasing demand to reduce the level of dissolved gases, particularly oxygen, and improve the thermal efficiency of the boiler by raising the water temperature. This function also helps in extending the shelf-life of food and beverage products.

Based on application, the beverage segment is projected to account for the highest market share during the forecast period. The demand for food deaerators is increasing due to the rising beverage consumption and growing health concerns among consumers. This has encouraged consumers to spend on non-alcoholic beverages such as functional beverages, which in turn, has led to rapid market growth.

The food deaerators market in the Asia Pacific is projected to witness the fastest growth between 2018 and 2023. The market is projected to underscore profitable growth opportunities in the beverage industry, which is a major factor influencing its growth. The food deaerators market has witnessed significant growth in the last five years, and this trend is projected to continue in the near future. In addition, increasing shelf-life of food products is projected to fuel the demand for food deaerators globally.

The global food deaerators market comprises some of the leading players, which include GEA Group (Germany), JBT Corporation (US), Alfa Laval (Sweden), SPX FLOW (US), Stork Thermeq B.V. (Netherlands), and Parker Boiler Co. (US). Key players are focusing on undertaking strategies such as acquisitions and expansions and offering application-specific and customized products to food & beverage manufacturers, which has widened the scope of growth in the market.

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44

Growth Strategies Adopted by Major Players in Agricultural Microbials Market

The global agricultural microbials market is estimated to account for a value of USD 6.0 billion in 2020. It is projected to grow at a CAGR of 14.1% from 2020, to reach a value of USD 11.6 billion by 2025. The growth of the agricultural microbials market driven by the rise in the adoption of integrated pest management practices across the globe, target specificity associated with microbial pesticides, and the rising trend of adopting organic farming practices.    

The key players in the agricultural microbials market include BASF SE (GERMANY), Bayer Crop Sciences (Germany), Sumitomo Chemicals Company (Japan), Monsanto Bio Ag (US), Corteva Inc. (US), Syngenta (Switzerland). Agreements, collaborations, & partnerships, new product launches, and acquisitions were some of the core strengths of the leading players in the agricultural microbials market. These strategies were adopted by the key players to increase their market presence. It also helped them diversify their businesses geographically, strengthen their distribution networks, and enhance their product portfolios. Some of the other leading players in the agricultural microbials market include UPL Open Ag Corporation (India), Novozymes (US), CHR Hansen Holdings A/S(US), Isagro SPA (Italy), Verdesian Life Sciences LLC (US), Valent Biosciences LLC (US), Certis USA LLC (US), Marrone Bio Innovations (US), Bioworks Inc. (US), Koppert Biological Systems BV (US), Lallemand Plant Care (Canada), Agrilife Biosolutions Ltd (India), and Wilbur-Ellis Holdings Inc. (US).

BASF SE (Germany) is a chemical manufacturing company operating in the market segments of chemicals, performance products, functional materials & solutions, agricultural solutions, nutrition and care, and surface solutions. Under these broad categories, it offers products such as intermediate chemical products, monomers, petrochemicals, dispersions & pigments, paper chemicals, performance chemicals, catalysts, construction chemicals, coatings, performance materials, and crop protection. The company provides agricultural microbial products through its agricultural solutions unit. BASF SE operates through subsidiaries and joint ventures in more than 100 countries through the functioning of six integrated production sites and 352 other production sites in Europe, Asia, Australia, the Americas, and Africa.   

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Bayer AG (Germany) is a leading research-intensive company operating through the pharmaceuticals, consumer health, crop science, and animal health segments. Bayer CropScience is its agricultural enterprise, which offers crop protection, seeds, and non-agricultural pest control products. These products are offered through its two operating business segments: crop protection/seeds and environmental science. The crop protection/seed business offers a broad portfolio of highly effective herbicides, fungicides, insecticides, and seed treatment products that have chemical or biological modes of action. It provides a unique integration on-seed portfolio based on products, coatings, equipment, and services for seed treatment under the brand name, Bayer SeedGrowth. Additionally, it provides extensive customer service to support sustainable agriculture.

The company has a global sales and distribution network in over 120 countries. Its key locations include Germany, France, Singapore, Brazil, and the US. Its major research centers are located in Belgium, the Netherlands, and the US.

43

New Revenue Sources in Phytogenic Feed Additives Market

The global phytogenic feed additives market size is estimated to be valued at USD 701 million in 2019 and is projected to reach USD 1,226 billion by 2025, growing at a CAGR of 9.8% during the forecast period. Phytogenics are non-antibiotic growth promoters representing a group of natural substances used in the livestock industry for nutrition. Phytogenics have evolved as a key feed additive, as they help increase feed intake, improve gut function, prevent diarrhea, and have antimicrobial and antioxidative effects on the livestock. This way, they enhance both feed palatability and livestock performance.

The phytogenic feed additives market is driven by advancements in the animal feed industry, such as the implementation of new technologies, including encapsulation, and government aids/funds propelling its usage. Along with this, factors such as an increase in the demand for livestock products, ban on antibiotics by the European Union (EU), and rise in awareness regarding animal health and feed quality, are driving the market for phytogenic feed additives, globally.

Based on type, the phytogenic feed additives market has been segmented into essential oils, flavonoids, saponins, oleoresins, and others. The essential oils segment is projected to be the fastest-growing during the forecast period, due to the increase in demand for alternatives to antibiotic growth promoters. Also, essential oils offer numerous benefits such as producing digestive enzymes, improving gut histology, and antibacterial characteristics, which further boost the consumption of essential oils as feed additives.

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By livestock, the phytogenic feed additives market is segmented into ruminants, swine, poultry, aquatic animals, and others. The poultry segment is projected to grow at the highest rate during the forecast period since broilers intensively consume phytogenics for better gut health and have a high feed conversion rate as compared to other livestock types. Additionally, poultry population growth, which has doubled in the last two decades, according to the Food and Agriculture Organization of the United Nations (FAO), is supporting the high growth rate of the poultry segment.

The rising per capita income is increasing the demand for diversified food materials, among which meat holds the highest priority for their diet. Therefore, the increasing demand for livestock products, as well as expenditure on animal health and wellness, creates demand for feed in emerging markets, such as the Asia Pacific, Africa, and South American regions. This has created an opportunity for feed manufacturers to enter the untapped markets. For instance, in July 2017, Cargill and Delacon formed a partnership to provide their customers with efficient feed phytogenic products. Following this partnership, Delacon and Cargill together introduced phytogenic feed additives in China and Russia. Also, the growing ban on antibiotics, growth promoters in other Asian countries, such as Korea, Vietnam, Indonesia, and Bangladesh, are creating opportunities for phytogenic manufacturers to launch new products, thus driving the growth of the global phytogenic feed additives market.

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Many domestic and global players provide phytogenic feed additives to improve animal health and performance. Major manufacturers have their presence in the European and Asian countries. The key companies in the phytogenic feed additives market are Cargill, Incorporated (US), Delacon Biotechnik GmbH (Austria), BIOMIN Holding GmbH (Austria), Bluestar Adisseo Co., Ltd. (China), and Natural Remedies (India). Various strategies, such as expansions, acquisitions, partnerships & agreements, and new product launches, were adopted by the key companies to remain competitive in the phytogenic feed additives market.

43

What are the Known and Unknown Adjacencies Impacting the Agricultural Chelates Market

The report "Agricultural Chelates Market by Type (EDTA, EDDHA, DTPA, IDHA), Application (Soil, Seed Dressing, Foliar Sprays, Fertigation), Micronutrient Type (Iron, Manganese), Crop Type, End Use, and Region – Global Forecast to 2025", published by MarketsandMarkets, The global agricultural chelates market size is estimated to be valued at USD 0.9 billion in 2019 and is projected to reach a value of USD 1.5 billion by 2025, recording a CAGR of 7.7% during the forecast period. Factors such as the increasing demand for high-value crops and the increasing number of acquisitions undertaken by companies to cater to the requirements of crop-specific micronutrients based on the soil type and climatic conditions are projected to drive the growth of the market.

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The EDTA segment, on the basis of type, is estimated to grow at the highest rate during the forecast period

Key players in the market are focusing on introducing agricultural chelates to cater to the requirements in the plant micronutrients market. There is a high scope for chelate manufacturers in the market, as there is a high demand for remunerative crops and low arable land, which has led to the expansion of the agricultural chelates market. Of all types of chelating agents, EDTA is the most common synthetic chelating agent and is used for both soil and foliar-applied nutrients. It can be chelated with many micronutrients for better absorption by the plants. Many companies are focusing on offering agricultural solutions with crop-specific chelates.

Browse in-depth TOC on "Agricultural Chelates Market"

105 - Tables
46 - Figures
182 - Pages

The foliar spray segment, by mode of application, is estimated to account for the largest share in the agricultural chelates market, in terms of value, in 2019

Foliar spray is one of the efficient methods used to increase crop yield. It is reported that foliar application evenly spreads on the surface and has minimum dosage requirement, high absorption, low nutrient loses, and offers increased crop yield as compared to conventional fertilizers. It is mainly used on high-value crops, such as cotton, corn, soybean, and fruits and vegetables, which have proven to show an increase in the uptake of nutrients in the plant.

The fruits & vegetables segment, on the basis of crop type, is estimated to account for the largest market share, by value, in 2019

Fruits & vegetables accounted for the largest share in the agricultural chelates market in 2019. There has been a surge in demand for high-value crops, as it offers more profit margins. Many consumers prefer shifting to a health-enriching diet, which has increased the scope of growth for manufacturers in the agricultural chelates market. Many Asian Pacific countries, such as India, Australia, and China, are the key exporters of fruits and vegetables across the globe and are adopting agricultural chelates to enhance the yield for improved export quality cater to the demand in the food processing industry.

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Asia Pacific is projected to grow at the highest CAGR during the forecast period

The majority of the companies are investing in the agricultural chelates market due to the rapid urbanization and demand for high-value cash crops in Asia Pacific. The innovative solutions are being adopted by farmers to sustain agriculture and have created growth opportunities for manufacturers in the agricultural chelates market in these regions. In addition, an increase in the cultivation area equipped with irrigation, precision irrigation technologies, and the growing advancements in farming techniques are factors that are projected to increase the demand for micronutrients, encouraging the growth of the agricultural chelates market.

This report includes a study on the marketing and development strategies and on the product portfolios of leading companies operating in the agricultural chelates market. It consists of profiles of leading companies, such as BASF SE (Germany), Nouryon (Netherlands), The Dow Chemical Company (US), Yara International (Norway), ICL (Israel), Haifa Chemicals Ltd (Israel), Syngenta (US), Nufarm Ltd (Australia), Aries Agro Ltd (India), The Andersons, Inc. (US), ATP nutrition (Canada), Manvert (Spain), BMS-Micronutrients NV (Belgium), Wilbur-Ellis company (US), Compo Expert GMBH (Germany), Greensmiths, Inc. (US), Agmin Chelates Pty. Ltd (Australia), Van Iperen International (Netherlands), Valagro SpA (Italy), Shandong Iro Chelating Chemical Co., Ltd. (China), Protex International SA (France), and Deretil Agronutritional (Spain).

43

Increasing Demand for Bakery Products, Alcoholic Beverages, and Ethanol to Drive Yeast Market Growth in Coming Years

The report "Yeast Market by Type (Bakers, Brewers, Wine, Feed, Bioethanol), Form (Dry, Instant, Fresh), Application (Food, Feed), Specialty Yeast by Type (Yeast Extracts and Autolysates), and Region - Global Forecast to 2022" The Yeast Market Is Projected To Account for a Value of USD 5.4 Billion By 2022 Increasing adoption of a health-enriching diet is becoming the new norm among consumers, which is significantly influencing the budget allocation decisions of manufacturers.

To maintain their health, consumers are increasingly spending on protein-rich food products such as fermented meat, dairy products, bakery products, and vegetables. Consumers also include fermented food products in their diets, which have encouraged manufacturers to utilize various yeast products. According to MarketsandMarkets, the yeast market is projected to account for a value of USD 5.4 billion by 2022, recording a CAGR of 9.0%.

Market Dynamics

Growth in bakery industry

The increasing preference for ready-to-cook products over traditional food products and changing food consumption habits of consumers are driving the growth of the bakery industry, thus driving the demand for baker’s yeast. Innovations in the bakery industry, such as packaged food products, gluten-free products, and specific dietary food products, play a vital role in the growth of the bakery products market. The increase in demand for baker’s yeast is positively contributing to the overall market growth.

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Growth in demand for bioethanol as a fuel

The increase in demand for bioethanol and improved technologies has fueled the production of bioethanol. Saccharomyces cerevisiae is a species of yeast used for bioethanol-based fermentation of seaweed hydrolysate. The requirement for alternative fuel is growing globally, thus driving the demand for bioethanol as a fuel which in turn creates the need for higher production of yeast.

Use of new yeast based raw materials

Sugarcane molasses is one of the main raw materials used by yeast manufacturers, for several decades. The change in its availability has forced yeast manufacturers to develop a raw material that equals the quality of yeast derived through molasses. Glucose syrup and corn steep liquor are used as alternatives to molasses substrates during the baking process, and are also cheaper than molasses. The replacement of molasses would not only help in combating its scarcity as a raw material, but also provide opportunities for more yeast-based raw materials. This move possesses high growth potential for yeast demand in this industry.

In parallel to the growth in population in various countries of the region, the preference for health-enriching and natural food ingredients remains high. As customers in this region increasingly prefer opting for nutrient-dense food products, manufacturers are increasingly investing in various yeast products to align with their diet requirements. Increasing consumption of fermented food products, such as kefir and pickles, has led to a surge in demand for yeast among manufacturers of the food & beverage industry. On account of these factors, the market is projected to record significant growth by 2022.

Leading players operating in the yeast market include AngelYeast Co., Ltd (China), Associated British Foods plc (UK), Lesaffre Group (France), Koninklijke DSM N.V. (Netherlands), and Chr. Hansen Holding A/S (Denmark). Key players in this market are adopting strategies such as expansions and new product developments to enhance their presence across regions.

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Overall, the yeast market is projected to witness significant growth during the forecast period. To gain a leading position, manufacturers are identifying market trends to align their products with consumer requirements. These strategies are further projected to contribute to the growth of the market.

43

Bitterness Suppressors and Flavor Carriers Market Overview

The bitterness suppressors and flavor carriers market is estimated at USD 192 million in 2018 and is projected to reach USD 244 million by 2023, at a CAGR of 4.9%. Rapid urbanization, changing lifestyles, and higher disposable incomes of individuals have positively impacted the demand for processed food & beverages. This has, in turn, directly impacted the growth of the bitterness suppressors and flavor carriers market. The rising demand from the pharmaceutical industry to curb the bitterness of many ingredients used in the production of medicines has also led to the increase in demand for bitterness suppressors. Use of flavor carriers for encapsulating flavors is trending, and this is also resulting in the rise in demand for flavor carriers from many flavor houses globally.

Based on category, the bitterness suppressors segment is projected to grow at a relatively higher CAGR from 2018 to 2023. The rise in demand for bitterness suppressors from the pharmaceutical industry for masking and suppressing the bitter taste of certain pharmaceutical ingredients is fueling the market growth of bitterness suppressors. Also, due to increased health awareness among consumers and rising preferences for functional and fortified food and beverages, there is an associated increase in the demand for bitterness suppressors to mitigate the bitter taste of many functional ingredients from these products.

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On the basis of form, the liquid segment of bitterness suppressors and flavor carriers is projected to grow at a relatively higher CAGR from 2018 to 2023. Liquid carriers are best-suited for easy blending of flavors and for ensuring uniform dissolution in the end product. Also, they facilitate handling of flavors. Mixing liquid carriers with flavors is a comparatively cheaper process, which also is one of the major reasons responsible for the increased use of liquid carriers.

Of the various applications of bitterness suppressors and flavor carriers, the beverages segment is projected to record the highest CAGR from 2018 to 2023. The beverage industry is on the boom because of both the alcoholic and non-alcoholic beverage segments. Due to increased consumer demand for low-calorie beverages, the use of sugar substitutes is in much demand. Bitterness suppressors are being used to curb the bitter taste associated with these substitutes. Also, due to the rise in demand for different regional flavors, the beverage industry is using many different flavors to produce beverages. This is also fueling the demand for flavor carriers globally in the beverage industry.

Based on flavor type, the artificial segment of flavor carriers is projected to grow at a relatively higher CAGR from 2018 to 2023. The market for artificial flavor carriers is much higher than the natural ones because they are readily and easily available and are much cheaper than the naturally derived ones.

Asia Pacific is estimated to dominate the flavor carriers market in 2018. Due to rapid urbanization and growing purchasing power of individuals in this region, the processed food industry is taking a leap. Also, the busy lifestyles and growing health awareness are driving the market for convenience foods and functional foods and beverages. These factors are increasing the demand for bitterness suppressors and flavor carriers. Due to greater opportunities in this market, many flavor houses are also expanding their presence in this region by setting up manufacturing units, R&D centers, or sales offices to expand their businesses in the Asia Pacific region.

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Key players in the market include Firmenich (Switzerland), Döhler (Germany), Givaudan (Switzerland), DowDuPont (US), Cargill (US), International Flavors and Fragrances (IFF) (US), Symrise (Germany), Kerry (Ireland), Sensient Technologies (US), Senomyx (US), Stepan Company (US), and DuPont Tate & Lyle (US). These players are increasingly undertaking new product launches, expansions and investments, acquisitions and partnerships, and mergers and collaborations to develop and introduce new technologies and products in the market and to expand their product portfolios in the untapped regions.

43

Automated Feeding Systems Market to Witness Unprecedented Growth in Coming Years

The global automated feeding systems market is estimated at nearly USD 5.1 billion in 2018 and is projected to reach nearly USD 7.4 billion by 2023, growing at a CAGR of 7.6%. The key drivers of the market are the growing size of dairy farms, increasing focus of major companies on technological advancements as well as product launches and developments, and substantial cost savings associated with automated feeding systems, which is projected to create profitable growth opportunities for the market.

On the basis of function, the market segmentation includes controlling, mixing, filling & screening, and others. The filling and screening segment is estimated to account for the largest share in the automated feeding systems market in 2018, and the same trend is projected to continue during the forecast period. Filling and screening systems allow the distribution of small amounts of raw feed at short intervals to various groups of animals, thus offering consistently high reliability and a reduced daily workload. The segment is projected to dominate as it is a belt feeding function and is inexpensive as it requires less maintenance.

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Based on livestock, the market segmentation includes ruminants, poultry, swine, and others. The ruminants segment is projected to witness the fastest growth from 2018 to 2023. Ruminants are a source of milk and meat, and the quality of these products depends on the quality of the feed as well as the efficiency and preciseness of the feeding process. Thus, advanced technological animal feeding systems help in the reduction of microbial-related diseases in ruminants, which improves the feed efficiency, and animal growth. These factors are projected to significantly drive the automated feeding system market during the forecast period.

The global automated feeding systems market, on the basis of offering, is segmented into hardware, software, and services segments. The hardware segment is projected to account for the highest market share during the forecast period. The increasing mechanization in dairy farming due to shortage of labor, growing preference for automated feeding systems, and the rise in the demand for dairy products are factors that are contributing to the growth of the hardware segment. The hardware equipment allows adequate chopping and mixing of feed necessary for maintaining healthy livestock. Nutrients such as proteins, vitamins, and minerals are crucial for animal health and are required in specific quantities to maximize productivity.

Based on type, the market segmentation includes rail guided feeding systems, conveyor feeding systems, and self-propelled feeding systems. The self-propelled segment is projected to witness the fastest growth from 2018 to 2023. Self-propelled feeding systems are a small and flexible solution for automatic feeding of animals. These systems do not need a tractor or a conveyor to move. The animals can be divided into groups, and each group gets the desired amount of feed and mix. The feed can be dropped on either side of the feeding table by turning the plow. The plow turns automatically in either direction. The feeding can be controlled manually or automatically by the graphics management systems. The major advantages of using a self-propelled feeding system are that it is an all-in-one machine and can perform three functions, namely, mixing, screening, and distribution of feed, subsequently.

The automated feeding systems market in the Asia Pacific is projected to witness the fastest growth between 2018 and 2023. This is attributed to the substantial growth witnessed in China, India, and Japan due to the increasing purchasing power of the livestock rearers and the demand for healthier meat products. Pork- and poultry-based food products are widely consumed in the Asia Pacific region. With rapid industrialization, the livestock producers are adopting automated feeding systems for increasing the production, to cater to the growing demand for meat. Along with this, the modernization of animal production techniques in the Asia Pacific region is also providing opportunities for the automated feeding industry, which has impacted the rising need for commercial feed among the farmers in the region. These are the major factors driving the automated feeding systems market in the Asia Pacific region.

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The key players in this market include GEA (Germany), DeLaval (Sweden), Trioliet (Netherlands), Fullwood Packo (UK), AfiMilk (Israel), Lely Holding (Netherlands), VDL Agrotech (Netherlands), Sum-it Computer (UK), Boumatic LLC (US), Pellon Group Oy (Finland), Davisway (Australia), and Dairymaster (US). These players are focusing on improving their presence through undertaking acquisitions, expansions, and developing products specific to the requirements of consumers and their preferences in these regions. These companies have a strong presence in Europe and North America. They have also set up manufacturing facilities in various regions and have strong distribution networks.

43

Feed Mycotoxin Binders & Modifiers Market : Growth Opportunities and Recent Developments

Mycotoxins are toxic secondary metabolites of fungi belonging, essentially, to the Aspergillus, Penicillium, and Fusarium genera. Exposure to these mycotoxins produces both acute and chronic toxicities in the body of the livestock. MarketsandMarkets projects that the global feed mycotoxin binders & modifiers market is to grow from USD 2.5 billion in 2019 to USD 3.0 billion by 2025, at a compound annual growth rate (CAGR) of 3.6% during the forecast period. Increase in incidences of mycotoxin occurrence in crops, stringent regulations limiting the presence of mycotoxin in feed products, and global increase in the risk of mycotoxin contamination in livestock feed are expected to drive the growth of the feed mycotoxin binders & modifiers market.

The dry segment is estimated to dominate the market for feed mycotoxin binders & modifiers, among the forms, in 2019. It has a higher demand among livestock producers, as they mix readily with the feed ingredients and are easy to store. Moreover, in the dry form, dosage can be more accurately measured by livestock growers in comparison with the liquid form.

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The inorganic segment is projected to the fastest growing in terms of the source during the forecast period. This is attributed to their lower cost as compared to organic sources as well as wide availability with ease of storage and handling. The effectiveness of inorganic mycotoxin binders depends on the chemical structure and binding properties such as polarity and solubility. Clay products including bentonite, zeolite, montmorillonites, and HSCAS (hydrated sodium calcium aluminosilicate), activated charcoal, and synthetic polymers such as polyvinylpyrrolidone and cholestyramine are used in the feed industry to bind aflatoxins.

In terms of geographic coverage, the feed mycotoxin binders & modifiers market has been segmented into five regions, namely, North America, Europe, Asia Pacific, South America, and RoW. Asia Pacific is projected to be the fastest-growing segment during the forecast period, due to the large livestock population and high prevalence of mycotoxin risk in this region. Moreover, the rise in awareness among the livestock growers about the importance of livestock health is driving the market. Additionally, the increase in demand for meat products such as chicken and pork continue to drive the demand for feed mycotoxin binders & modifiers in this region.

Significant focus on feed safety and livestock health, in order to meet the rising meat consumption, in countries such as China, India, Brazil, and Argentina is likely to create growth opportunities for the feed mycotoxin binders & modifiers market.

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The major vendors in the global market are Cargill (US), BASF (Germany), ADM (US), Bayer (Germany), Perstorp (Sweden), Chr. Hansen (Denmark), Kemin (US), Nutreco (Netherlands), Adisseo (France), Alltech (US), Novus International (US), BIOMIN (Austria), Impextraco (Belgium), Norel (Spain), and GLOBAL NUTRITECH (Turkey). These players have broad industry coverage and strong operational and financial strength; they have grown organically and inorganically in the recent past.

43

Nutraceutical Ingredients Market Projected to Garner Significant Revenues by 2025

The report "Nutraceutical Ingredients Market by Type (Probiotics, Proteins & Amino Acids, Phytochemicals & Plant Extracts, Fibers & Specialty Carbohydrates), Application (Food, Beverages, Animal Nutrition, Dietary Supplements), Form and Region - Global forecast 2025", is projected to grow from USD 152.0 billion in 2019 to USD 228.0 billion by 2025, recording a compound annual growth rate (CAGR) of 7% during the forecast period. The major factors driving the growth of the nutraceutical ingredients market include increasing consumer demand for fortified food & beverages, rising incidences of chronic lifestyle diseases, and mandates on food fortification by government organizations due to inadequate levels of vitamins and minerals in the human body.

Browse 87 market data Tables and 49 Figures spread through 199 Pages and in-depth TOC on "Nutraceutical Ingredients Market - Global forecast 2025".

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Market Dynamics

Growth in the Demand for Fortified Food Owing to the Increasing Health Consciousness Amongst Consumers

In recent years, most countries have recognized lifestyle-related diseases to be a major problem. This has resulted in an increasing consumer consciousness toward healthy food products, in turn, fueling the market for nutritive products. The rising aging population, increased life expectancy rates, and increasing instances of chronic diseases have further been driving changes in eating patterns. Fortified food products have been one of the fastest-growing health and wellness food & beverage categories worldwide, followed by naturally healthy and organic food products. According to the International Food Information Council (IFIC), milk formula, energy drinks, probiotic yogurt, juice drinks, sports drinks, cereals, and biscuits were among the top-performing functional global health and wellness food categories in 2013. Consumers today do not perceive food products just as a means to combat hunger, but also to provide essential nutrients to the body, to be able to prevent nutrition deficiency and also improve physical & mental well-being. According to a survey conducted by the International Food Information Council (IFIC), in 2009, 87% and in 2011, 89% of the consumers in the US agreed that certain foods have health benefits beyond their basic nutrition.

Increasing incidences of chronic diseases

According to the WHO, by 2020, chronic diseases will account for almost three-quarters of all deaths worldwide, and that 71% of deaths due to ischemic heart disease (IHD), 75% of deaths due to stroke, and 70% of deaths due to diabetes will occur in developing countries. The number of people in the developing world with diabetes will increase by more than 2.5-fold, from 84 million in 1995 to 228 million by 2025. On a global basis, 60% of the burden of chronic diseases will occur in developing countries. Globally, there is a significant rise in the population suffering from chronic ailments, such as obesity, diabetes, blood pressure, and cardiovascular diseases. This has led to people becoming more conscious of their eating patterns. The link between diet and health is significant, and people are opting for healthier food. Consumers are also looking for options that provide the right combination of nutrition and taste. Fortified food ingredients cater to this pressing need by providing food formulators with ingredients offering specific functionalities and healthier alternatives. Hence, the entire health and wellness movement strengthens the demand for nutraceutical ingredients.

Product-Based and Technological Innovations in the Nutraceutical Ingredients Industry

Personalized healthcare technologies are being rapidly adopted by various nutraceutical ingredient manufacturers to formulate better-suited and customized end products for consumers. Consumer product companies are now increasingly collecting data to enable a proper analysis of purchasing behaviour and lifestyle to provide consumers with tailored options in accordance with their purchasing patterns. Epigenetics and nutrigenomics have identified that every individual has different nutritional requirements, and they respond to food in different ways. This provides a huge market opportunity for nutraceutical end-product manufacturers, whereby, linking a diet to a genome not only results in boosting health, but also reduces the chance of developing adverse health conditions, such as cardiovascular diseases, obesity, diabetes, or inflammatory bowel diseases. Such corroborated usage of technology with a dietary design is further expected to present unforeseen market growth opportunities for nutraceutical ingredient manufacturers.

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The Asia Pacific is projected to be the fastest-growing region in the nutraceutical ingredients market during the forecast period.

The Asia Pacific is projected to be the fastest-growing region in the nutraceutical ingredients market during the forecast period. The market in the region is driven by rising incomes, increasing purchasing power, and surge in consumer demand for nutritional and healthy products. Further, busy lifestyles have encouraged the consumption of convenience health food products, which is projected to drive the demand in this region.

Major vendors in the nutraceutical ingredients market include Cargill (US), BASF (Germany), ADM (US), Omega Protein Corporation (US), DSM (Netherlands), Ingredion (US), Arla Foods (Denmark), Tate & Lyle (UK), Ajinomoto (Japan), DowDuPont (US), Chr. Hansen (Denmark), Kyowa (Japan), Glanbia (Ireland), Fonterra (New Zealand), Associated British Foods (UK), Sigma-Aldrich (US), and Evonik (Germany).

43

Growth opportunities and latent adjacency in Brewery Equipment Market

The global market is estimated to be valued at USD 16.8 billion in 2019 and is projected to reach USD 24.0 billion by 2025, recording a CAGR of 6.1% from 2019 to 2023. Increasing number of microbreweries and brew pubs across regions and product innovations in brewery equipment industry are some factors that are driving the market. The key players profiled in the brewery equipment market include Alfa Laval (Sweden), GEA Group (Germany), Krones Group (Germany), Paul Mueller (US), Praj Industries (India), Meura SA (Belgium), Della Toffola (Italy), Criveller Group (US), Kaspar Schulz (Germany), Ningbo Lehui International Engineering Equipment Co., Ltd. (China), Hypro Group (India), and Shanghai Hengcheng Beverage Equipment Co., Ltd. (China).

Key market players adopted various growth strategies such as new product launches, expansions, acquisitions, and agreements, collaborations, and partnerships to cater to the increasing demand for brewery equipment. The companies are expanding their operations in various regions across the globe, to establish themselves as leading players in the brewery equipment market.

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Alfa Laval (Sweden) is the largest player in the brewery equipment market. Alfa Laval is a leading manufacturer of products in key technology areas of heat transfer, separation, and fluid handling. The company serves various industries, such as biotech & pharmaceuticals, chemicals, energy, food, dairy & beverage, home & personal care, HVAC, machinery & manufacturing, marine & transportation, mining, minerals & pigment, pulp & paper, refrigeration, semiconductor & electronics, steel, water, and waste treatment. It operates through four key business divisions, namely, energy, food & water, marine, and greenhouse. Through its food & water division, the company offers a variety of processing equipment for the food & beverage industry including the equipment for breweries.

Alfa Laval has a presence in 100 countries and six continents and has 42 major production units (22 in Europe, 10 in Asia, 8 in the US, and 2 in South America). Nearly 36.5% of its revenue comes from European countries. The company is increasingly focusing on innovations and spends around 2.5% of its total revenue on R&D and launches around 35 to 40 new products annually. The company holds 2,500, patents which also strengthens its position in the market.

GEA Group (Germany) is one of the largest players in the brewery equipment market. The company provides customized solutions for food, dairy processing, dairy farming, beverage processing, pharma, chemical, marine, leisure & sport, land-based transportation, and utility industries. GEA Group has its presence in over 50 countries across the Asia Pacific, DACH & Eastern Europe, Western Europe, the Middle East & Africa, North and Central Europe, Latin America, and North America. It provides machinery, such as homogenizers, separators, in-line process connections, and complete production lines to the beverage, dairy, and food processing industries. The process engineering segment specializes in designing and developing process solutions for the dairy, brewery, food, pharmaceutical, and chemical industries. The GEA refrigeration system provides different types of refrigeration/freezing components to the dairy, food, and pharmaceutical industries.

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The company has its presence in more than 50 countries across the globe-spanning North America, South America, Europe, Africa, and the Asia Pacific. The group operates through its subsidiaries including GEA Procomac S.p.An (Italy), GEA Process Engineering (India) Private Limited (India), GEA Food Solutions Brasil Comércio de Equipments Ltd (Brazil), GEA Food Solutions North America, Inc. (US), and GEA Food Solutions UK & Ireland Limited (UK). The major competitors of GEA Group include SPX Corporation (US), Tetra Laval Group (Switzerland), and Alfa Laval (Sweden).

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Beer Processing Market is projected to reach $815.4 billion by 2025

The report "Beer Processing Market by Brewery Type (Macrobrewery, Microbrewery, Brew Pubs, Regional), Beer Type (Lager, Ale & stout, Specialty beer, Low alcohol beer), Distribution Channel, Price Category, Equipment Type, and Region - Global Forecast to 2025" The beer processing market is estimated at USD 677.5 billion in 2019 and is projected to reach a value of USD 815.4 billion by 2025, at a CAGR of 3.1%. Rising trend of low- or no-alcohol, & organic beer and continuous innovations in the brewery equipment are factors driving the growth in the beer processing market. Focus on digitalization and automation using IoT and Big Data are opening several opportunities in the beer processing market.

Browse 107 market data Tables and 83 Figures spread through 205 Pages and in-depth TOC on "Beer Processing Market - Global Forecast to 2025"

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“Asia Pacific is estimated to dominate the beer market in terms of value in 2019.”

The Asia Pacific region accounted for the largest market share in the global beer industry, by value. The region is witnessing a growing trend of premiumization and low or no alcohol beer beverages due to its health benefits. The region witnesses the presence of various large beer manufacturers including Anheuser-Busch InBev (Belgium), Heineken N.V. (Netherlands), United Breweries (India), China Resources Snow Breweries Limited (China), and Carlsberg A/S (Denmark). Some of the beer equipment manufacturers present in this region include Alfa Laval (Sweden), GEA Group (Germany), Krones (Germany), and Ningbo Lehui International Engineering Equipment Co Ltd (China). China’s beer market continues to be the largest in the world.

“In 2019, the on-trade segment is estimated to dominate the beer market in terms of value.”

In value terms, the on-trade segment dominates the beer market. The sales of beer for immediate consumption on premises such as bars and cafes are categorized as on-trade/on-premise. This distribution channel offers higher prices for the beer as the breweries are closer to the final consumer, which helps in a deep understanding of consumption patterns better. The on-trade sales have a direct relation with the various trips and consumer outings, especially when they are in proximity to restaurants and bars. Furthermore, the social gatherings in on-trade channels such as pubs and restaurants have meant that the purchasing criteria of consumers are comparatively different in on-trade channels. This channel also helps the breweries to differentiate themselves and pilot new services to customers and build brands.

“Europe is estimated to dominate the brewery equipment market, in terms of value, in 2019.”

Europe is witnessing a growing trend of low or no alcohol beer due to the increasing demand for products that offer various health benefits. The region is also marked by the presence of leading beer manufacturers including Anheuser-Busch InBev (Belgium), Heineken N.V. (Netherlands), and Carlsberg A/S (Denmark). Also, according to Kirin Holdings Company, Limited, in 2017, Germany, the UK, Spain, and Russia were among the top 10 beer consuming countries in the world. The rising demand for premium and craft beer in the region, particularly in the UK and Germany, is also contributing to the brewery equipment market in Europe.

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“Craft brewery segment is projected to grow with the highest CAGR in the beer processing market from 2019 to 2025.”

Based on brewery type, the market is segmented into macrobrewery and craft brewery. The craft brewery segment is estimated to grow at the highest CAGR, due to the rising demand for premium and flavorsome beer produced in small batches. Consumers are also increasingly preferring craft beer as compared to traditional beer. This has led to an increase in the number of microbreweries and brewpubs around the globe. Due to the rise in the number of microbreweries, the demand for microbrewery equipment is increasing, which in turn, is driving the overall demand for brewery equipment in craft breweries.

This report includes a study of the marketing and development strategies, along with the product portfolios of the leading companies. It consists of the profiles of leading companies (for brewery equipment as well as beer market) such as Alfa Laval (Sweden), GEA Group (Germany), Krones Group (Germany), Paul Mueller (US), Praj Industries (India), Ningbo Lehui International Engineering Equipment Co., Ltd. (China), Anheuser-Busch InBev (Belgium), Carlsberg Group (Denmark), Heineken (Netherlands), Asahi Group Holdings, Ltd (Japan), Molson Coors Brewing Company (US), and Tsingtao Brewery Co. Ltd (China).

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Upcoming Growth Trends in the Savory Ingredients Market

According to MarketsandMarkets, the savory ingredients market is estimated to be valued at USD 7.2 billion in 2020 and is projected to reach USD 9.3 billion by 2025, recording a CAGR of 5.2%. The rapid growth in consumption of packed and processed food products and government interventions toward the reduction of salt intake are the driving factors for the savory ingredients market.

The market for savory ingredients will witness an upward trend in the near future due to the changing lifestyles of consumers across the globe. Rising household income, consumer demand for better food quality and flavored food products, and increased awareness of maintaining a healthy diet are the major factors that have led to the demand for savory ingredients in the market. The demand for savory ingredients is substantial in developed regions such as North America and Europe and emerging in developing regions such as Asia Pacific and South America. This consumer trend has given potential to the growth of canned and processed food products with blends of multiple tasty flavors, especially for instant noodles, soups, and sauces.

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The Asia Pacific savory ingredients market is projected to have the fastest growth potential in the coming years. A large consumer market and increasing disposable income in India and China drive the demand for umami-flavored packed food. Also, China and Japan are manufacturing and production hubs of savory ingredients and have sufficient manufacturing plants to meet the demand for food products. Rapid urbanization in countries such as India and China are expected to result in the fast growth of the savory ingredients market in Southeast Asia during the forecast period.

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Feed Mycotoxin Binders & Modifiers Market : Growth Opportunities and Recent Developments

The report "Feed Mycotoxin Binders & Modifiers Market by Type (Binders and Modifiers), Livestock (Poultry, Swine, Ruminants, and Aquatic Animals), Source (Inorganic and Organic), Form (Dry and Liquid), and Region - Global Forecast to 2025" The feed mycotoxin binders & modifiers market is projected to grow from USD 2.5 billion in 2019 to USD 3.0 billion by 2025, at a compound annual growth rate (CAGR) of 3.6% during the forecast period. The major factors driving the feed mycotoxin binders & modifiers market include the increase in demand and consumption of livestock based products, rise in incidences of mycotoxin occurrence in crops, stringent regulations limiting the presence of mycotoxin in feed products, and global increase in the risk of mycotoxin contamination in livestock feed. A further rise in health awareness among consumers is also expected to drive the market.

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Clay is projected to be the fastest-growing subsegment of mycotoxin binders during the forecast period.

The feed mycotoxin binders & modifiers market has been segmented, on the basis of type, into mycotoxin binders and mycotoxin modifiers. Mycotoxin binders are subsegmented into clay, bentonite, and others (organic polymers, synthetic polymers, and activated carbon). Mycotoxin modifiers are subsegmented into enzymes, yeast, bacteria, and others (algae and fungi). Clay is projected to be the largest and fastest-growing subsegment of mycotoxin binders during the forecast period. This is attributed to its wide availability on a commercial level.

The poultry segment is projected to account for the largest market share during the forecast period.

The feed mycotoxin binders & modifiers market has been segmented, on the basis of livestock, into poultry, ruminants, swine, aquatic animals, and others (equine and pets). The poultry segment is projected to be the largest segment in the feed mycotoxin binders & modifiers market. This is attributed to the rising consumption of chicken and eggs. Further, chicken is more susceptible to mycotoxin risk, which has led to the extensive use of feed mycotoxin binders & modifiers in poultry.

Asia Pacific is projected to be the fastest-growing region during the forecast period.

Asia Pacific is projected to be the fastest-growing region during the forecast period. The market in the region is driven by the presence of a large livestock population and their rising growth. Furthermore, the region has witnessed a significant presence of mycotoxin in crops. Moreover, this region has witnessed an increase in the number of feed mills and feed production, particularly in countries such as India. Additionally, there has been a rise in the demand for meat and meat products, specifically poultry and pork, which is driving the market for feed mycotoxin binders & modifiers in this region.

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Major vendors in the feed mycotoxin binders & modifiers market include Cargill (US), BASF (Germany), ADM (US), Bayer (Germany), Perstorp (Sweden), Novus (US), BIOMIN (Austria), Impextraco (Belgium), Norel (Spain), Chr. Hansen (Denmark), Nutreco (Netherlands), Kemin (US), Adisseo (France), GLOBAL Nutritech (Turkey), and Alltech (US).

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Known and Unknown Adjacencies Impacting the Vitamins Market

The report “Vitamins Market by Type (Vitamin B, Vitamin E, Vitamin D, Vitamin C, Vitamin A, and Vitamin K), Application (Healthcare Products, Food & Beverages, Feed, and Personal Care Products), Source (Synthetic and Natural), and Region - Global Forecast to 2023", The vitamins market is estimated to be valued at USD 5.18 billion in 2018 and is projected to reach USD 7.35 billion by 2023, at a CAGR of 7.3%. The market is driven by the growth in demand for functional and nutritionally enriched processed food products, the prevalence of vitamin deficiencies, and feed fortification due to a rise in global meat & dairy product consumption.

The Vitamin C segment is projected to be the fastest-growing segment during the forecast period.

The vitamin C segment, by type, is projected to be the fastest-growing segment. The increasing focus of consumers on health and wellbeing, along with multiple benefits provided by vitamin C such as faster healing of wounds and maintenance of skin, eye health, and immune system provides an opportunity to this segment for increased growth.

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The healthcare products segment is estimated to dominate the market in 2018.

The healthcare products segment, by application, is estimated to dominate the market during the forecast period. Rapid urbanization has led to changes in consumer lifestyles. Vitamins are gaining traction in the healthcare industry, as there is an increased focus on preventive health care. Further, vitamins are also known to sustain human health during various disorders and ailments such as diabetes, cardiovascular disease (CVD), Alzheimer’s, multiple sclerosis (MS), and the common cold.

The synthetic segment is set to dominate the market by 2023.

The vitamins market, by source, is projected to be dominated by the synthetic segment, which is projected to grow at the higher rate during the forecast period. Synthetic vitamins are chemically synthesized and produced largely from coal tar derivatives and petroleum extracts. They are widely preferred by end-user industries because of their ability to remain stable for a longer period of time and also because of the low costs associated with them in comparison with naturally sourced vitamins.

Asia Pacific is projected to be the fastest-growing market during the forecast period.

The Asia Pacific market is projected to grow at the highest CAGR from 2018 to 2023. The incidences of regular and chronic diseases in this region are high. This has led to an increased focus on preventive health care, which has resulted in high consumption of healthcare products and fortified & functional food products with essential nutrients such as vitamins. Also, the market for vitamins in Asia Pacific is experiencing high growth due to its growing application in the feed industry, as the region accounts for the largest livestock population and caters to significant demands of livestock-based products such as milk, egg, and meat.

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This report includes a study of marketing and development strategies, along with a study of the product portfolios of leading companies. It includes the profiles of leading manufacturers such as Koninklijke DSM N.V. (Netherlands), Glanbia plc (Ireland), ADM (US), BASF (Germany), Lonza Group (Switzerland), Vitablend Nederland B.V. (Netherlands), SternVitamin GmbH & Co. KG (Germany), Farbest-Tallman Foods Corporation (US), Watson Inc. (US), Zagro (Singapore), The Wright Group (US), Rabar Pty Ltd. (Australia), Adisseo (France), Showa Denko K.K. (Japan), and BTSA BIOTECNOLOGíAS APLICADAS S.L (Spain).

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Factors Driving the Grain Protectants Market in Years to Come

The grain protectants market is estimated to be USD 572.7 million in 2018 and is projected to reach USD 726.1 million by 2023, growing at a CAGR of 4.86% from 2018. The grain protectants market is driven by the need to reduce grain losses during storage and the growing market pressure on farmers to gain better grain prices during the post-harvest stage. However, the increasing insect pest resistance to certain active substances and stringent regulations on maximum residue levels (MRLs) emphasize the need to develop new active substances that are more effective and less hazardous to the environment and human health. Investment in R&D for the introduction of new products would be an area of focus in coming years, due to the increasingly positive effects of some biologically sourced products such as INSECTO and Protect-It. These products contain diatomaceous earth (silicon dioxide) and are recognized as an essential component of Integrated Pest Management (IPM) for stored products.

Certain pest species have developed resistance to chemicals such as organophosphates, pyrethroids, carbamates, and certain other agents such as methoprene and even the biological agent Bacillus thuringiensis. There have been perilous situations in certain regions wherein the insect populations have developed multiple resistance abilities toward protectant chemicals, leaving no options for the use of any effective protectants.
The increasing cost of development and registration of active ingredients would have impact on the market growth,. Currently, a gradual shift is being witnessed from chemical-based pest management to IPM systems, owing to the biological, economic, and sociological influences.

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In terms of control methods, the chemical segment is projected to grow at the highest rate from 2018 to 2023, owing to the higher prices and effectivity of chemicals. However, the safety of stored grains cannot depend on a single method due to several factors surrounding post-harvest storage. These factors include pest infestations, pest resistance to the grain protectant chemicals, climatic conditions, and storage conditions. Thus, advanced systems such as integrated pest management (IPM) would be effective in maintaining the quality of stored grains for a longer period.

North America is projected to be the fastest-growing region in the grain protectants market from 2018 to 2023. The region has a major presence of grain protectant manufacturers and has a high demand for corn-based products. Multinational companies are also focusing on marketing their products and services of grain protectants in these regions, through expansions and new product launches, to gain a larger share of the market. Entostat, a proprietary wax micro powder product manufactured by Exosect, has shown unique electrostatic properties.

These natural physical properties have the ability to enhance the target delivery platform for synthetic and biological active ingredients. IPM involves managing the pest population through physical and biological control method techniques; and most of the times, the intervention through chemical insecticides is also required. Various other approaches in the IPM can be utilized for efficient management of insect pests in stored grains. Therefore, strong adoption of IPM practices globally could prove to be a good opportunity for the growth of the grain protectants market.

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The global market for grain protectants is dominated by key players such as Bayer (Germany), Sumitomo Chemical (Japan), BASF (Germany), Nufarm (Australia), UPL (India), and DowDuPont (US). These players adopted growth strategies such as expansions and new product launches to gain a larger share of the grain protectants market. Some other key players in the market are Syngenta (Switzerland), FMC Corporation (US), Degesch America (US), Arysta LifeScience Corporation (US), Central Life Sciences (US), and Hedley Technologies (Canada).