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Updated by K Mit on Apr 16, 2021
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Food Market Research Reports

The food and beverage industry globally has experienced a significant growth over the past few years. This is majorly attributed to the industry's strong developments and innovations, which have further enhanced and strengthened consumption and spending.

1

Cannabis Market worth $90.4 billion by 2026

The report "Cannabis Market by Application (Medical and Recreational), Product Type (Flowers and Concentrates), Compound (THC-dominant, CBD-dominant, and Balanced THC & CBD), and Region (North America, South America, Europe, and RoW) - Global Forecast to 2026" According to MarketsandMarkets, the global cannabis market size is estimated to be valued at USD 20.5 billion in 2020. It is projected to reach USD 90.4 billion by 2026, recording a CAGR of 28.0%, in terms of value. The growing medical applications of cannabis is driving the demand for cannabis.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=201768301

The flower segment accounted for the largest share in the cannabis market
Based on product type, flower segment dominated the cannabis market. Flower have a wider availability. Also, its method delivery as smoking or vaping the cannabis flower has a quicker effect and is preferred for fast-acting relief.

Browse in-depth TOC on "Cannabis Market"

132 - Tables
60 - Figures
224 - Pages

The medical segment accounts for the second largest market share in the cannabis market

Based on application, medical is the second-largest segment in the overall cannabis market. The growth of this segment is majorly attributed to the increasing legalization of medical cannabis across various regions. Also, the consumers are becoming more aware about the medicinal benefits of cannabis.

The CBD-dominant segment is projected to account for the second-largest share in the cannabis market during the forecast period

By compound, the cannabis market is segmented into THC-dominant, CBD-dominant, and Balanced THC & CBD. CBD-dominant segment accounted for the second-largest market share in the overall cannabis market. It is considered one of the most therapeutic and healing part of the plant. Also, CBD-dominant strains are preferred by consumers suffering from chronic pain, inflammation, anxiety, and other chronic disorders.

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The Europe region is the fastest-growing region in the cannabis market in the forecast period

Europe will be the fastest-growing region in the global cannabis market in the forecast period. The cannabis market in Europe is majorly driven by the increasing legalization of medical cannabis in the region coupled with healthcare system present in several Euroepan countries. Along with this, the demand for medical cannabis is rising in the region, further fueling the growth of European cannabis market.

This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Canopy Growth Corporation (Canada), Aurora Cannabis Inc. (Canada), MedMen (US), Terra Tech Corp. (US), Aphria Inc. (Canada), VIVO Cannabis Inc. (Canada), The Cronos Group (Canada), Medical Marijuana Inc. (US), STENOCARE (Denmark), Tikun Olam (Israel), Organigram Holdings Inc. (Canada), Cresco Labs (US), Indiva (Canada), Curaleaf Holding Inc. (US), HEXO Corp. (Canada), Ecofibre Limited (Australia), Harvest Health & Recreation (US), Green Thumb Industries (US), Maricann Group Inc. (Canada), and TerrAscend (Canada).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441

2

Liquid Milk Replacers are in Demand Due to Rising Consumption of Dairy Products & Adoption of Precision Nutrition Tec...

The liquid milk replacers market is expected to grow from USD 188 million in 2018 to USD 243 million by 2023, at a Compound Annual Growth Rate (CAGR) of 5.3% during the forecast period. The major factors driving the liquid milk replacers market include the rising consumption of dairy products and the adoption of precision nutrition techniques.

The medicated type segment is expected to grow at the higher CAGR in the global liquid milk replacers market during the forecast period.

The liquid milk replacers market, by type, is estimated to be dominated by the non-medicated segment in 2018. This is attributed to the fact that infant livestock are being fed with milk replacers for the first 6-8 weeks of their birth. Non-medicated liquid milk replacers are fed to livestock infants for the first 1-2 weeks of their birth to protect them from diseases or certain deficiencies. In addition, these milk replacers are low in cost, as compared to medicated liquid milk replacers. This is one of the driving factors for the non-medicated milk replacers segment in developing countries such as Brazil, India, and China, where livestock bearers are price sensitive. Further, the dairy farming industry in these countries is becoming increasingly organized with the growing investments.

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The calves segment, by livestock, is projected to occupy the majority of the market share and grow at the fastest rate during the forecast period.

The calves segment is projected to be the fastest-growing segment, by livestock, during the forecast period. Proper management of calves is a prerequisite to the success of a dairy farm. Raising healthy calves is one of the major aspects of livestock management, in general, given their use in dairy and meat production. The optimal level of nutrition in the early life of animals facilitates their faster growth and early maturity. Infant calves should be carefully reared so that they attain about 70%-75% of mature body weight at puberty. Poor feeding could lead to a higher age of calves at first calving and an overall reduction in their life spans.

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Europe is projected to account for the largest market size in the liquid milk replacers market during the forecast period.

Europe is estimated to account for the largest share of the market in 2018. The consumption of liquid milk replacers in this region is majorly driven by the rising demand for milk and milk products among consumers. According to the Joint Research Center of European Commission, about 12.4% of the entire milk production in the region is used for general consumption; with 36.1% being used for cheese production, 28.7% being used for butter, and 11.5% for cream. This leaves about 20% of the produced milk available for young livestock consumption, providing a huge market opportunity for milk replacers. Milk replacers also form an important dietary input for livestock fattening purposes, wherein they constitute the major feed products and account for a majority of the feed cost for young livestock meant for slaughter. Milk replacers are majorly produced in countries such as France, Germany, Italy, the Netherlands, and Belgium; and are traded throughout the region.

Major vendors in the liquid milk replacers market include Liprovit, BV (Netherlands), Calva products LLC (US), PETAG Inc. (US), Cargill (US), Archer Daniels Midland Company (ADM) (US), CHS Inc. (US), Land O’Lakes Inc. (US), Glanbia Plc (Ireland), Nutreco N.V. (Netherlands), and Lactalis Group (France).

3

Market Leaders in Food Diagnostics Market

The global food diagnostics market size is projected to grow from USD 13.5 billion in 2020 to USD 19.2 billion by 2025, recording a compound annual growth rate (CAGR) of 7.2% during the forecast period. Increasing instances of foodborne illnesses and food recalls coupled with increasing globalization of food trade are the factors that are projected to drive the growth of the food diagnostics market. Furthermore, rising awareness among consumers regarding food safety due to the outbreak of COVID-19 is also projected to drive the market growth.

Key food diagnostics market players include 3M (US), Thermo Fisher Scientific Inc. (US), PerkinElmer Inc. (US), Danaher Corporation (US), Shimadzu Corporation (Japan), Agilent Technologies Inc. (US), bioMerieux SA (France), Bio-Rad Laboratories, Inc. (US), Neogen Corporation (US), Foss (Denmark), Biorex Food Diagnostics (UK), and Randox Food Diagnostics (Ireland). These players have adopted various growth strategies such as collaboration and new product launches to  expand their presence in the global food diagnostics market further. New product launches have been the most dominating strategy adopted by major players. This strategy has helped them to increase their presence in different regions.

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3M (US) is involved in the manufacturing of a wide variety of technology and equipment catering to various industries. The company operates through four business segments: safety and industrial, transportation and electronics, health care, and consumer. It offers food diagnostics through its health care segment. It caters to various markets, including consumer, health care, electrical, and transportation and safety markets. It offers a variety of testing solutions for food processors to test the microbiological quality of food.

The company operates through 100 manufacturing facilities in around 35 countries. It has an additional sales presence in nearly 200 countries across regions, including the Americas, Europe, the Middle East and Africa, and Asia. Its subsidiaries include 3M Purification Inc. (US), 3M Health Information Systems, Inc (US), 3M China Limited (China), and Capital Safety Global Holdings Limited (UK).

Thermo Fisher Scientific Inc. (US) is a provider of quality and safety products and services. It offers a complete and integrated portfolio of solutions & services for laboratory research & analysis, healthcare & clinical science, manufacturing, and other fields. The company caters to four principal market segments, namely, pharma & biotech, academic & government, diagnostics & healthcare, and industrial & applied science.

Thermo Fisher operates through four business segments: life sciences solutions, analytical instruments, specialty diagnostics, and laboratory products and services. It offers food diagnostic systems and consumables through its specialty diagnostics segment. It also offers spectrometers and chromatography solutions for food safety testing through its analytical instruments segment.

The company offers its products under brands such as Applied Biosystems, Thermos Scientific, Invitrogen, Fisher Scientific, and Unity Lab Services.

Thermo Fisher serves more than 400,000 customers through a network of its subsidiaries, resellers, and distributors across the Americas, Asia Pacific, Europe, and the Middle East & Africa. It has several subsidiaries, such as Trek Diagnostic Systems LLC (US), Thermo Fisher Diagnostics (Ireland) Limited (Ireland), Thermo Fisher Diagnostics GmbH (Germany), and Thermo Fisher Scientific India Pvt Ltd (India).

Related Reports:

Food Diagnostics Market by Type (Systems, Test Kits, Consumables), Test Type (Safety & Quality), Site, Food Tested (Meat, Bakery, Dairy, Processed Foods, Cereals & Grains, and Fruits & Vegetables), and Region - Global Forecast to 2025

Contact:
Mr. Aashish Mehra

MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

4

Market Leaders in Bakery Processing Equipment Market

The global bakery processing equipment market size is estimated to be valued at USD 8.9 billion in 2020 and is projected to reach USD 11.4 billion by 2025, recording a CAGR of 5.0% during the forecast period. The demand for bakery processing equipments is increasing significantly, due to the increasing consumption of bakery products in developing countries such as China, India, South Africa and Brazil.

Key players in this market include GEA Group AG (Germany), Bühler (Switzerland), John Bean Technologies Corporation (US), Heat and Control (US), Rheon Automatic Machinery (Japan), Baker Perkins (UK), Markel Food Group (UK), Anko Food Machine (Taiwan), Gemini Bakery Equipment (US), Allied Bakery Equipment (US), Global Bakery Solutions (UK), Erika Record LLC (US), Nestlé SA (Switzerland), Bimbo Bakeries (US), Mondelez International (US), General Mills (US), Kellog Company (US), Post Holdings (US), Aryzta (Switzerland), Flower Foods (US), Rich Products (US), Synder’s Lance (US), Pepsico (US), Conagra Foods (US), Franz Family Bakeries (US).

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The companies are focusing on offering a diverse range of bakery processing equipment technologies that comply with government regulations and policies across regions. For example, in February 2019, The Haas Group (Austria), which has been acquired by Bühler (Switzerland), expanded in India by adding an oven manufacturing plant to its service and support facility in the country. Additionally, in July 2017, Reading Bakery Systems (Markel Food Group) expanded its system product portfolio by adding the cookie production line to its Science and Innovation Center in Reading, Pennsylvania (US).

GEA Group AG is involved in the development, innovation, and marketing of a wide range of dairy farming products and solutions. The company operates under two business segments—business area equipment and business area solutions. The company operates its global bakery equipment business by acquiring Comas S.p.A. (Italy) and Imaforni S.p.A. (Italy), which are now known as GEA Comas and GEA Imaforni, one of the leading suppliers of industrial processing equipment and solutions for the bakery products such as cakes, pies, cookies, and biscuits. GEA is expanding its capabilities in process technology across the world by adopting strategies such as new product launches, acquisitions, and expansions. The company offers baking equipment such as baking tunnel ovens, cup denesters, depanners, depositors, dough feeding systems, freezing & cooling systems, handling systems, pie making systems, piston filling injectors, rotary molder, and sheeting lines. As an international technology group, the company focuses on entering new markets through expansions in the emerging and developed countries.

Bühler is mainly engaged in providing industrial solutions for processed food, commodity food, die casting, renewable energy, and feed. Bühler operates through two business segments—grains & food and advanced materials. The company, through its subsidiaries, manufactures and markets food and chemical processing, die casting, and material handling machinery. It offers products for various industrial applications such as cleaning, optical sorting, milling, grinding, sifting & grading, mixing, wet grinding, extrusion & dough preparations, and ingredient handling. The companys core technologies are in the areas of mechanical and thermal process engineering. Bühler also offers industrial services such as machinery repair, strategic consulting, process plant optimization services, energy consulting, and manufacturing & logistics services. The company has its presence in 140 countries around the world including North America and Europe.

Related Reports:

Bakery Processing Equipment Market by Type (Mixers, Ovens & Proofers, Slicers), Application (Bread, Cookies & Biscuits, Cakes & Pastries), End User (Foodservice Industry and Bakery Processing Industry), and Region - Global Forecast to 2025

Contact:
Mr. Aashish Mehra

MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

5

Growing Trends for Adopting Ethyl Alcohol as Fuel and Isopropyl Alcohol for Sanitizers and Disinfectants Contribute t...

Growing Trends for Adopting Ethyl Alcohol as Fuel and Isopropyl Alcohol for Sanitizers and Disinfectants Contribute t...

The industrial alcohol market is estimated to reach USD 93.3 billion in 2020 and is projected to account for USD 112.0 billion by 2025, recording a CAGR of 3.7% during the forecast period. The global industrial alcohol market is projected to grow in the coming years attributed to the growing consumer awareness and increasing demand for alcohol-based sanitizers and disinfectants. There is a rising demand for fuel grade ethyl alcohol which is used as a blend in transportation fuels.  The North American region dominates in grain and corn production used for ethyl alcohol manufacturing. The Asia pacific region is projected to grow at the highest growth rate.

The key players in the industrial alcohol market include Cargill (US), Raizen Energia (Brazil), Green Plains Inc (US), Cristalco (France) and MGP Ingredients (US). Other players include, The Andersons Inc (US), Sigma-Aldrich (US), Grain processing Corporation (U.S.US), Greenfield Global Inc. Specialty Alcohols (Canada), and Flint Hills Resources (US).,   Royal Dutch Shell Plc (Netherlands), Exxon Mobil Corporation (US), Eastman Chemical Company (US), Dow Chemical Company (US), LyondellBasell Industries (Netherlands), Linde plc (Ireland), EcoLab (US), Univar Solutions (US), Archer Daniels Midland (ADM) (US), and Wilmar International (Singapore).

To know about the assumptions considered for the study download the pdf brochure

Sigma-Aldrich (US) is among the leading players in the industrial alcohol market. The company has one of the largest range of alcohol products. These products cater to industrial applications such as pharmaceuticals, paints and coatings, alcoholic beverages, and many others.  The company offers pure and denatured ethyl alcohol as well as isopropyl alcohol, isobutyl alcohol.  Its products are developed by a network of more than 5 R&D centres across, which is backed by over 100 researchers in its state-of-the-art facilities.

Pharmaceutical secondary standards for application in quality control, provide pharma laboratories and manufacturers with a convenient and cost-effective alternative to the preparation of in-house working standards. The company’s alcohol products is a common organic solvent that is widely used in chemistry, biochemistry, and molecular biology. It is also utilized in pharmaceutical and perfume manufacture. Due to its occurrence in alcoholic beverages, it is also widely used in in vivo studies on alcohol-related pathology. The company’s products are used in development for qualitative and quantitative analyses, food and beverage quality control testing, and other calibration requirements. The company has research professionals in over 5 innovation centres, and has presence in over 150 countries across Asia, Europe, South America, North America, Europe and Africa, which gives it a competitive edge over other players.

MGP Ingredients (US) is a global producer and supplier of distilled spirits and food ingredients. The companys distilled spirits including the whiskeys, and grain neutral spirits, including vodka and gin. The companys distillery products consist of food grade alcohol and distillery co-products, such as distillers feed and fuel grade alcohol. The distillery products segment also includes warehouse services, including barrel put away, barrel storage, and barrel retrieval services. The company is also a producer of industrial alcohol for use in both food and non-food applications. The alcohol products are derived from corn and other grains (including rye, barley, wheat, barley malt and milo).  The companys George Remus brand portfolio consists of various expressions, such as George Remus Bourbon Whiskey. The companys vodka brand is Till American Wheat Vodka. Its Food grade industrial alcohol is used as an ingredient in foods such as vinegar and food flavourings; and personal care products such as hair sprays and hand sanitizers;, cleaning solutions, pharmaceuticals and a range of other products. The company has increased production of industrial alcohol, which is used to produce hand sanitizers and commercial disinfectants in the US.

Related Reports:

Industrial Alcohol Market by Type (Ethyl Alcohol, Methyl Alcohol, Isopropyl Alcohol, and Isobutyl Alcohol), Source (Sugarcane & Bagasse, Corn, Grains, Molasses, and Fuels), Application, and Region – Global Forecast To 2025

Contact:
Mr. Aashish Mehra

MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

6

Pea Starch Market Size, Share, Trends – Analysis Report

The global pea starch market size is projected to grow from USD 136 million in 2020 to USD 192 million by 2025, recording a compound annual growth rate (CAGR) of 7.0% during the forecast period. Pea starch is a cost-effective, clean label ingredient with high amylose content and numerous health benefits, due to which it is projected to witness significant growth in the global food industry. The increasing demand for clean label, high quality, gluten-free food products across regions is a major factor projected to drive the growth of the pea starch market. In addition, the increasing demand for convenience products and high-quality clean label feed and pet food products in various regions across the world are the key factors that are projected to drive the market growth.

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Some of the key players present in the pea starch market include Emsland Group (Germany), Ingredion Incorporated (US), Cosucra Groupe Warconing (Belgium), and Roquette Frères (France), Axiom Foods (US), and Yantai Shuangta Food (China). New product launches and expansions are some of the dominant strategies that are adopted by prominent players to strengthen their presence in the pea starch market. These strategies have helped companies to expand their product offerings for pea starch and are projected to drive market growth.

On the basis of source, the organic segment is projected to be the faster-growing during the forecast period.

By source, the organic segment is projected to be the faster-growing segment. The changing preferences and rising awareness about the overall health of individuals have led to an increase in the number of people opting for organic products over the inorganic ones. The trend of using clean label products will further encourage the use of organic pea starch in the pea starch market.

On the basis of function, the binding & thickening segment is projected to hold the largest market share during the forecast period.

On the basis of function, the binding & thickening segment is projected to account for the largest market share due to the excellent binding & thickening property and high amylose content of pea starch. Pea starch helps in enhancing the texture, consistency, and quality of products. The increased demand for convenience food products and better-quality feed products is projected to contribute to the growth of this segment.

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The Asia Pacific region is projected to be the fastest-growing market for pea starch during the forecast period.

The Asia Pacific region is projected to be the fastest-growing market for pea starch during the forecast period. Asia is among the largest pea processing regions in the world. The growing disposable incomes and appetites for convenience and comfort in a fast-paced, urbanized world have caused a serious growth in the consumption of processed food products. This will lead to the growth of the pea starch market in the region as pea starch helps in enhancing the quality of processed food products.

7

Major Key Trends in Food & Beverage Disinfection Market

Major Key Trends in Food & Beverage Disinfection Market

The food & beverage disinfection market is estimated at USD 148.9 million in 2018, and is projected to reach a value of USD 178.2 million by 2023, growing at a CAGR of 3.7%. The key players profiled have a strong presence in the global food & beverage disinfection market; they include Trojan Technologies (Canada), Halma (UK), Evoqua Water Technologies (US), Evonik (Germany), Solvay (Belgium), and Stepan Company (US).

Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=101417056

Market Dynamics

Drivers

• Growing Instances of Foodborne Diseases and Outbreaks
• Technological Advancements in Food & Beverage Disinfection
• Growing Awareness About Food Safety Among Consumers
• Increasing Demand for Non-Thermal Process in Disinfection

Restraints

• Rising Demand for Minimally Processed Food Products
• Maintaining Proper Process Control

Opportunities

• Opportunities in Packaging and Shelf Life Enhancement for Processed Food

Challenges

• Stringent Government Regulations

On the basis of the application area, the food & beverage disinfection market is segmented into food surface, food packaging, and food processing equipment. The food processing equipment segment accounted for the largest share, followed by the food packaging segment, in 2017. Food processing was the major application area of food & beverage disinfection (chemicals and technology), as the major focus of manufacturers is on disinfecting the food contact surfaces during the entire production line. Food processing equipment form a critical part of large manufacturing units, and the disinfection of these equipment helps achieve quality compliance.

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On the basis of type, the technology segment accounted for a larger market share, followed by the chemical segment. Technologies such as UV radiation is increasingly adopted by food & beverage manufacturers as an effective, cost-efficient, and safe disinfection technology. It is used either separately or in combination with other technologies to enhance its efficacy. Ozonation, which is another popular disinfection technology, is gaining traction in the market, due to its effectiveness in the food packaging industry. Due to these factors, the market for the technology segment of food & beverage disinfection market accounted for a larger share.

The Asia Pacific region is projected to be the fastest-growing market. The application of disinfection equipment is estimated to increase at a high rate, due to the increasing food safety concerns. The rapid growth of the food processing sector in this region is expected to result in the increase in the number of food processing units, which is further projected to boost the demand for food & beverage disinfection equipment and chemicals.

8

Seaweed Cultivation Market Is Projected to Reach $30.2 Billion by 2025

The report "Seaweed Cultivation Market by Type (Red, Brown, Green), Method of Harvesting (Aquaculture, Wild Harvesting), Form (Liquid, Powder, Flakes, Sheets), Application (Food, Feed, Agriculture, Pharmaceuticals), and Region - Global Forecast to 2025", The market size is estimated to be valued at USD 16.7 billion in 2020 and is projected to reach USD 30.2 billion by 2025, recording a CAGR of 12.6% during the forecast period, in terms of value.

Seaweeds are plant-like organisms that are also known as marine microalgae; they are generally attached to a rock or other hard substratum in coastal areas. The classification of seaweeds is based on various properties, such as pigmentation, the organization of photosynthetic membranes, the chemical nature of the photosynthetic storage product, and other morphological features. The application of seaweeds dates back to the fourth and sixth centuries in Japan and China, respectively. Since then, increasing investment and focus on R&D activities pertaining to seaweed were undertaken globally, which encouraged the cultivation of seaweeds. Currently, seaweeds account for more than 90% of the global market's demand.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=152763701

The green seaweeds segment is projected to be the fastest growing, in terms of value, during the forecast period.

The emerging use of green seaweeds in other application areas such as biofuel production and wastewater treatment is expected to drive the market growth further. Initiatives by the UK Department of Transport to double the use of biofuel in 2020 are expected to have a positive impact on the demand for green seaweeds. Green seaweeds such as Ulva and Enteromorpha are used for the removal of toxins from industrial wastewater. It is also used as a bioremediation tool.

The food segment is projected to account for a major share in the market during the forecast period

Seaweed is used as an ingredient in food products and is consumed directly in countries such as Japan, Korea, and China since ancient times. As it is rich in nutrients such as high iodine, calcium, magnesium, iron, vitamin, antioxidant, and fiber, seaweed, is widely considered a healthy food. Moreover, seaweeds have various applications as a thickening and gelling agent in processed food products such as sausages, bread, creams, cheese, dairy drinks, and candies. In addition, the use of seaweeds for the manufacturing of low-calorie ice creams and cakes is further projected to fuel the market growth.

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Asia Pacific is projected to dominate the regional seaweed cultivation market through 2025

Due to the increasing presence of tropical rainforests in the Asia Pacific, various species of seaweeds are found in this region. With a wide variety of seaweed species in this region and increasing production of the seaweed-based products, Asia Pacific remains the largest supplier of seaweeds to both domestic and export markets. In addition, the bulk of seaweeds in this region is obtained from culturing (harvested through aquaculture). The key seaweed types that are in demand in this region include nori, kombu, and wakame. They are increasingly used in food preparations in the Chinese and Japanese diets. As seaweeds are nutrition-dense and are increasingly used as an ingredient in processed food, consumers prefer spending on processed food for healthy diets. The demand for clean labels and organic products is on the rise, which is also leading to the increasing use of seaweeds as organic fertilizers in the agriculture industry. The other industrial applications of seaweeds in the region include pharmaceuticals, agriculture, cosmetics, biofuel, and feed additives. These factors are projected to fuel the growth of the seaweed cultivation market in the Asia Pacific. Of the various countries in the Asia Pacific, China and Indonesia are projected to account for a major share of the market.

This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Cargill, Incorporated (US), DuPont (US), Groupe Roullier (France), CP Kelco U.S., Inc. (US), Acadian Seaplants (US), Qingdao Gather Great Ocean Algae Industry Group (China), Qingdao Seawin Biotech Group Co. Ltd. (China), Qingdao Bright Moon Seaweed Group Co. (China), Seaweed Energy Solutions AS (Norway), The Seaweed Company (Netherlands), Algea (Norway), Seasol (Australia), Gelymar (Chile), Algaia (France), CEAMSA (Spain), COMPO EXPERT (Germany), Leili (China), Irish Seaweeds (Ireland) and AtSeaNova (Belgium).

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

9

Highlights of the Food Emulsifiers Market

Any major development that can change the business landscape as well as market forecasts

Clean-label ingredients in food products are slowly gaining global importance amongst consumers. Ingredient labeling has become mandatory in developed economies due to rising consumer awareness. This has brought about a change in the use of ingredients for production by the manufacturers. The demand for natural ingredients is increasing, owing to which, manufacturers are launching various products having natural ingredients that can provide an advantage to drive the consumption of emulsifiers. In 2020, a number of major food manufacturers such as General Mills (US), Hershey’s (US), Kellogg’s (US), and Nestle (Switzerland) aimed at eliminating artificial additives from a majority of their food products sold in the US; this initiative took a hit, in terms of the effectiveness of these additives.

Addition/Refinement in segmentation – Increase in the depth or width of segmentation

Emulsifier Type Segmentation Refinement: In the previous edition of the report, the food emulsifier market, on the basis of type, was segmented into lecithin, mono- & di-glycerides and their derivatives, sorbitan esters, stearoyllactylates, polyglycerol esters, others.
(i)            Addition of subsegment for Lecithin: Two new subsegments of lecithin have been added for a better understanding of the market. Food emulsifiers market, by type,
Lecithin:
•             Oiled
•             De-Oiled
Additionally, the market numbers for applications are given at the country level, in terms of value

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Coverage of new market players, brand mapping, and micro-quadrants for key players and startups

Company Profiles: Company profiles give a glimpse of the key players in the market, with respect to business overview, financials, product offerings, and recent developments. In the new edition of the report, Tate & Lyle (Ireland)has been profiled, as it has emerged as a key player in recent years due to various strategic investments, agreements, and product launches performed in the food emulsifiers market. These strategic developments have challenged the status quo of industry leaders,and it was prudent to analyze the changing business landscape.Extensive brand mapping with respect to the properties of the food emulsifiers has been carried out in this new version of the report, in the “by brand” chapter. Competitive leadership mapping (Micro-quadrants) of key players (Tier 1 and 2) and start-ups are also added as new segments.

Updated financial information/ product portfolio of players

Newer and improved representation of financial information: The new edition of the report provides updated financial information in the context of food emulsifiers market till 2019/2020 for each listed company in a graphical representation in a single diagram (instead of multiple tables). This would easily help to analyze the present status of the profiled companies, in terms of their financial strength, product portfolio strength, key revenue generating region/country, business segment focus in terms of the highest revenue generating segment, and investment on research and development activities.

10

Infant Formula Ingredients Market – Analysis with Ongoing Trends & Market Revenue

Infant Formula Ingredients Market – Analysis with Ongoing Trends & Market Revenue

The report "Infant Formula Ingredients Market by Ingredient Type (Carbohydrates, Oils & Fats, Proteins, Vitamins, Minerals, Prebiotics), Application (Growing-up Milk, Standard Infant Formula, Follow-on Formula, Specialty), Form, Source, Region-Global Forecast to 2025", is estimated USD 16.7 billion in 2019 and is projected to reach USD 25.5 billion by 2025, driven by its increasing demand from the developing Asia Pacific region. Urbanization has enabled mothers in this region to join workforce post giving birth, creating demand for infant formula and thus driving the demand for infant formula ingredients. Additionally, some mothers unable to lactate; in such cases, infant formula is the most suited alternative available in the market. Several key food companies offer infant formula. Of these, Nestlé S.A. (Switzerland) stands among the most renowned. Apart from this, infant formula ingredients companies are involved in R&D, to come up with suitable ingredients as per the requirements of consumers.

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The prebiotics segment is projected to be the fastest-growing in the infant formula ingredients market during the forecast period.

Usage of prebiotic ingredients in infant nutrition aids infant to overcome infections by providing health benefits. These include resisting gastrointestinal problems, building immunity, supporting increased mineral absorption, and lowering the tendency to become obese. Prebiotic ingredients used in infant formula include fructooligosaccharides, galactooligosaccharides, lactulose, polydextrose, and inulin. Boost in sales for infant formulas in the years to come will directly increase demand for infant formula ingredients. Asia Pacific is likely to exhibit high growth opportunities for infant formula manufacturers in the future owing to the adaptation of a fast-paced urbanized lifestyle urging women to join workforce post-delivery.

The protein hydrolysate segment is projected to record the fastest growth during the forecast period.

Babies who are intolerant to both cow’s milk and soy-based formulas are given protein hydrolysate infant formula ingredients. These ingredients are obtained either through plant-based or animal-based sources. Some of the protein hydrolyzed based infant formula products include Enfamil Gentlease and Similac Sensitive. Several infant formula ingredients manufacturers are involved in R & D, to come up with ingredients as per the consumers demand, increasing sales of infant formula ingredients in the coming years derived from protein hydrolysate and other sources in the coming years.

The liquid & semi-liquid segment is projected to record the fastest growth during the forecast period.

Oils & fats are the most widely used liquid and semi-liquid ingredients for manufacturing infant formula. The liquid & semi-liquid segment is expected to exhibit high growth prospects in Asia Pacific. In Japan, liquid infant formulas are preferred owing to their convenience in emergencies such as natural disasters that frequently occur in the country.

The growing-up formula (12 months & above) segment is projected to record the fastest growth during the forecast period.

The growing-up milk (12 months & above) contains calcium, vitamin D, and iron, and mostly serves as a part of a balanced diet for infants. Given during the transition phase from infant nutrition to family food, manufacturers offering infant formula for this particular age group are expected to witness high growth prospects, especially from Asia Pacific.

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

Asia Pacific infant formula ingredients market is projected to be the fastest-growing during the forecast period. Countries such as China, Japan, and South Korea are expected to be key revenue generators during the next few years. The region has seen a rapid transformation in terms of urbanization. This has enabled women to join workforce post-delivery, making infant formula the only nearest substitute to breast milk for infants. Apart from this, China remains a key market for infant formula ingredient manufacturers as the country has one of the highest numbers of births at the global level. The country relies on imported infant formulas from European countries.

This report includes a study of marketing and development strategies along with the product portfolios of leading companies in the sodium hypophosphite market. It consists of the profiles of leading companies such as AAK AB (Sweden), Fonterra Co-operative Group Limited (New Zealand), Carbery Food Ingredients Limited (Ireland), Royal Friesland Campina N.V. (Netherlands), Sachsenmilch Leppersdorf GmbH (Germany), BASF SE (Germany), Koninklijke DSM N.V. (Netherlands), Arla Foods amba (Denmark), Chr. Hansen Holdings A/S (Denmark), Kerry Group plc (Ireland), Lactalis Ingredients (France), Glanbia plc (Ireland), and Vitablend Nederland B.V. (Netherlands).

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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11

Specialty Yeast Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2025

Specialty Yeast Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2025

The report “Specialty Yeast Market by Type (Yeast Extracts, Yeast Autolysates, Yeast Beta-glucan, and Other Yeast Derivatives), Species (Saccharomyces Cerevisiae, Pichia Pastoris, Kluyveromyces), Application, and Region – Global Forecast to 2025″ The global specialty yeast market is estimated to be valued at USD 2.7 billion in 2019 and is projected to reach about USD 4.0 billion by 2025, at a CAGR of 7.2%. The growth of this market is due to the rising demand for bakery products and a positive trend in the consumption of alcoholic beverages. Emerging economies such as China, India, and Brazil offer several opportunities for market expansion.

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The yeast extracts segment is estimated to account for a larger market share, in terms of value

Yeast extracts are prepared from baker’s yeast or brewer’s yeast. These are used mainly as a natural aromatic ingredient for savory food products such as soups, sauces, meat preparations, and savory mixes. The high demand for natural food additives is expected to drive the yeast extracts segment which in turn is projected to hold the largest market share in terms of value by 2025.

Increasing R&D activities for creating yeast alternatives to replace specialty yeast in the fermentation industry.

Due to the increasing demand of specialty yeast from several application industries, the need or producing new alternatives to specialty yeast has arisen. Several companies are investing in developing new alternatives to yeast extracts sourced from plants, which are cost-effective as compared to specialty yeasts which can cause a disruption in the specialty yeast market.

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The European region is projected to dominate the specialty yeast market through the forecast period

In 2019, the European region is projected to lead the global specialty yeast market. Factors such as increasing consumption of alcoholic beverages and the growth in awareness among the consumers about the health benefits associated with natural and clean label products is driving the growth in the European region. The specialty yeast market in this region has grown rapidly as a spill over effect of the growing food processing industry and stringent regulations on synthetic ingredients used in the products, paving the way for natural ingredients such as yeast derivatives.

This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the specialty yeast market. It includes the profiles of leading companies such as Archer Daniels Midland (US), Associated British Foods (UK), Lallemand (Canada, Koninklijke DSM N.V (Netherlands),), Chr. Hansen (Denmark) Kerry (Ireland), Lesaffre (France, Biorigin (Brazil), Beldem (Blegium),), Angel Yeast (China) Kemin Industries (US), Leiber (Germany), Synergy Flavors (UK), Nutreco N.V (Netherlands), and Levex (Turkey).

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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12

Shrink Plastic Film Market - Analysis with Ongoing Trends & Market Revenue

Shrink Plastic Film Market - Analysis with Ongoing Trends & Market Revenue

According to MarketsandMarkets, the "Shrink Plastic Film Market for Beverage Multipacks by Type (Printed, Unprinted), Application (Alcoholic beverages, Water, carbonated soft drinks), Container Type (Can, Bottle, Brick), Multipack Size (3x2, 4x2, 4x3, 6x3) & Region - Global Forecast to 2025", the market is estimated to be valued at USD 2.5 billion in 2020 and is projected to reach USD 3.0 billion by 2025, recording a CAGR of 3.5%, in terms of value. There is an increase in the demand of bottled and canned products in the country, which in turn has increased the market for shrink plastic films.

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The unprinted shrink plastic film segment is projected to witness significant growth during the forecast period.

Based on type, the shrink plastic film market for beverage multipacks is dominated by the unprinted shrink plastic film segment. The unprinted shrink plastic films are cost-efficient, have lesser costs compared to the printed shrink plastic film. The demand for these films is rising due to it being used majorly for transportation of beverages, sealability, and most suitable for SMEs.

The water segment is projected to account for a major share in the shrink plastic film market for beverage multipacks during the forecast period.

By application, the shrink plastic film market for beverage multipacks is dominated by the water segment. Water, as well as carbonated soft drinks manufacturing companies, utilize shrink plastic films for packaging due to their functional and advertising advantages. The increase in the demand for processed beverages in the APAC region is increasing the market for shrink plastic film.

The European region dominated the shrink plastic film market for beverage multipacks with the largest share in 2019, whereas Asia Pacific is expected to witness the highest growth rate.

The shrink plastic film market for beverage multipacks in Europe is estimated to be dominant due to the increasing demand for ready to drink products and on the go beverages that can be consumed anywhere.

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There is a significant shift observed in the consumption habits of consumers, which is increasing the demand for carbonated beverages and packaged water. This has increased the demand for bottled & canned products in the regions, which in turn has augmented the market for shrink plastic film.

This report includes astudy on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Amcor Plc (Switzerland), Coveris Holdings Sa (Austria), Ceisa Semo (France), Clondalkin Group (The Netherlands), RKW (Germany), Berry Global Inc (US), Plastotecnica SpA (Italy), Clearpack group (Singapore), Sarkina (US), Baroda Packaging (India).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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MarketsandMarkets™ INC.
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13

Vitamin B3 Market to Witness Astonishing Growth by 2025

Vitamin B3 Market to Witness Astonishing Growth by 2025

The increase in the production of compound feed is one of the major driving factors for the Vitamin B3 market.”

The global Vitamin B3 size is estimated to be valued USD 330 million in 2020 and is expected to reach a value of USD 373 million by 2025, growing at a CAGR of 2.5% during the forecast period.

Vitamin B3 is an essential micronutrient commercially available in natural and synthetic forms; it is used in pharmaceutical, nutrition, consumer, agrochemicals, and other applications for enrichment or fortification purposes, to enhance the nutrient value of the end products. . The growth of this market is attributed to the rise in demand for functional and nutritionally enriched processed food products and the prevalence of vitamin deficiencies. The constrained supply of raw materials for natural vitamins and high costs are restraining market growth.

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“The market for dry segment projected to grow at the highest CAGR between 2020 and 2025.”

The dry segment is the most dominant as well as fastest growing type of mineral in the Vitamin B3 market.

Owing to its easy availability and ease of handling. With the growing awareness associated with the health and nutritional benefits of vitamin B3, which addresses micronutrient deficiencies, and a growing consumer focus on preventive healthcare, the demand for vitamin B3 is projected to grow significantly.

The dry form of vitamin B3 accounted for the major market share in the vitamin B3 market. The increased demand for the fortification of food and feed products with B3 vitamin has encouraged major vitamin B3 manufacturers such as Lonza Group and DSM to expand their production capacities through the establishment of manufacturing plants in key demand markets such as China. These factors, along with the easy availability of vitamin B3 for use in various applications, have accelerated the growth of this segment.

“The feed grade segment is projected to grow at the highest CAGR between 2020 and 2025.”

For feed grade application in broilers, vitamin B3 is used to partly correct leg problems while still maintaining rapid weight gains. Whereas in swine, niacin supplementation before slaughter appears to improve pork quality. Vitamin B3 in dairy cattle has several beneficial effects. It improves digestive health, which can lead to better body condition and may prevent metabolic disorders. Vitamin B3 appears to increase the fertility of dairy cows and may increase milk yield in the early stages of lactation. Vitamin B3 feed grade in dogs is often prescribed to treat discoid lupus erythematosus, an autoimmune disease in which the body becomes allergic to the skin, resulting in crusting, sores, and pigment loss around the nose, eyes, ears, and paws.

“Natural segment is projected to grow at the highest CAGR between 2020 and 2025.”

Natural vitamin B3 is extracted from products such as fish oils or lemongrass, yeast, citrus or berries, fish oils, vegetable oils, and leafy green vegetables, respectively, and have several health benefits associated, including their better retention in the body that serves as a positive factor for the popularity of naturally sourced vitamins. However, natural vitamin B3 is easily prone to oxidation and requires a stabilizer, usually a chemical, to maintain quality. Nevertheless, there is a continuous focus of vitamin manufacturers to innovate and help address consumer preferences for natural ingredients.

“The pharmaceutical segment, projected to grow at the highest CAGR between 2020 and 2025.”

Vitamin B3 has considerable scope in pharmaceutical applications, mainly due to the growing focus of health-conscious consumers regarding preventive healthcare. Vitamin B3 (niacin) is known for its antihyperlipidemic action. Antihyperlipidemic agents are a diverse group of pharmaceuticals that are used in the treatment of high levels of fats (lipids), such as cholesterol, in the blood (hyperlipidemia). The demand for vitamin B3 is further witnessing an increase due to the high prevalence of vitamin deficiencies in both developed and developing countries.

 “Asia Pacific market for Vitamin B3 is projected to grow at the highest CAGR during the forecast period. “

The rising health consciousness among consumers in the Asia Pacific due to the growing incidences of chronic diseases, such as cancer, diabetes, high blood pressure, and osteoporosis, has been fueling the market growth for vitamin B3. Also, there is a high prevalence of vitamin B3 deficiency among the population, which has led to the high adoption of vitamin-infused product categories, such as nutrition, agrochemicals, consumer, pharmaceuticals, and others.

The market in this region is majorly driven by India and China, which are the largest producer, exporter, and consumer of vitamins. Additionally, the rise in incomes, increase in purchasing power, and significant consumer demand for nutritional & healthy products are driving the consumption of vitamins in various industries in the region. In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews have been conducted with the key experts.

Some of the major players in the market include Lonza Group AG (Switzerland), Jubilant Life Sciences Ltd (India), Shandong Hongda Biotechnology Co., Ltd. (China), Vertellus (US), Jiangsu Brother Vitamin Co. Ltd.(China), DSM (Netherlands), Vanetta (china), Lasons India (China), Zhejiang Lanbo Biotechnology(China), Tianjin Zhongrui Pharmaceutical (China), Foodchem (China), NutraScience Labs (US), Gehring Montgomery, Inc. (US), The Chemical Co. (US), Yuki Gosei Kogyo Co., Ltd.(Japan), Zhejiang Chemvplus Biotech Co. (China), Ltd, Ishita Drugs & Industries Ltd.(India), The Western Drugs Ltd.(India), Spectrum Chemical Mfg. Corp (US), and Glanbia plc (Ireland).

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Research Coverage

The report segments the Vitamin B3 market based on type, livestock, chelate type, form and region. in terms of insights, this report has focused on various levels of analyses—competitive landscape, end-use analysis, and company profiles—which together comprise and discuss views on the emerging & high-growth segments of the Vitamin B3 high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.

Reasons to Buy the Report:

Illustrative segmentation, analysis, and forecast pertaining to the Vitamin B3 market based on type, species, application and geography have been conducted to provide an overall view of the Vitamin B3 market
Major drivers, restraints, and opportunities for the Vitamin B3 market have been detailed in this report.
A bird’s eye view of the pricing, trade situation, technological changes, and market ecosystem have been provided in the report.

14

Food Certification Market is Expected to Reach $6.2 billion by 2025

The Food Certification Market is estimated to account for USD 4.7 billion in 2020 and is projected to reach a value of USD 6.2 billion, with a CAGR of 5.4% for the forecast period 2020-2025. Factors such as the rise in demand for unadulterated products, concern for food safety, stringent regulations and laws for food products, increase in the adoption of organic products, and the mandate to meet the export standards with increased global food trade is projected to drive the growth of the food certification market.

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The ISO 22000 segment is projected to be the largest segment in the food certification market during the forecast period.

ISO 22000 quality certification can be applied to any organization in the food chain, from packaging manufacturers to the actual food processing facilities. It is one of the most important food safety certifications concerning the food safety hazards in the food & beverage industry. ISO 22000 certification assures consumers that the business they are buying from is working with suppliers who conform to international safety, quality, and reliability standards.

The meat, poultry & sea-food segment is estimated to account for the largest market share, in terms of value, in 2020.

Meat, poultry & sea-food is majorly consumed in almost all the countries. Meat is highly likely to support the growth of bacteria and is prone to microbial contamination. The incidences of meat fraud are rising due to the increasing demand for processed meat products. Also, religious concerns among consumers, particularly Islamic and Jewish populations, are projected to drive the demand for Halal and kosher certification for meat and meat products. Therefore, meat, poultry & sea-food segment will continue to have huge demand for food certification.

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The High-risk segment is projected to witness the fastest growth in the food certification market, 2020 to 2025.

Foods like raw and cooked meat, including poultry, such as chicken and turkey, dairy products, egg and egg products, seafood, and ready-to-eat foods are more vulnerable to bacterial growth, hence there is more risk of consuming them. Therefore, the demand for safety testing and certification of high-risk foods is projected to rise with the increase in instances of foodborne diseases.

North America is projected to grow at the highest CAGR during the forecast period.

The market for food certification in the North America region is projected to grow at the highest CAGR from 2020 to 2025. Regions like US, Canada are one of the major consumers of processed food & beverages and high-risk foods, which eventually creates more concern for food safety. Therefore, the growth in such regions is mainly due to the increase in foodborne illness among consumers and the stringent regulations imposed by the government pertinent to food safety standards.

Leading companies are SGS (Switzerland), DNV (Norway), Lloyd’s Register (UK), Bureau Veritas (France), Control Union Certifications (Netherlands), Intertek (UK), Eurofins (Luxembourg), TÜV SÜD (Germany), AsureQuality (New Zealand), DEKRA (Germany), Kiwa Sverige (Sweden), ALS (Australia), NSF International (US), Aspirata (South Africa), International Certification Ltd (New Zealand), Control Union Certifications (Netherlands), Indocert (India), TQ Cert (India), Eurofins (Luxeumbourg), Socotec (France) and MS Certification Services (India).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra

MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

15

Almond Ingredients Market worth $16.9 billion by 2025, CAGR of 10.5%

Almond Ingredients Market worth $16.9 billion by 2025, CAGR of 10.5%

The global almond ingredients market size is estimated to be valued at USD 10.2 billion in 2020. It is projected to reach USD 16.9 billion by 2025, recording a CAGR of 10.5% in terms of value. Numerous nutritional benefits offered by almond and almond ingredients, a rapid increase in almond-based product launches by key players in the food & beverage market, growing inclination of consumers toward plant-based and gluten-free products, and associations and organizations promoting the nut ingredient industry are the key factors projected to drive the growth of the almond ingredients market during the forecast period.

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The snacks segment holds the largest market share during the forecast period.

Based on application, the almond ingredients market is dominated by the snacks segment. Almonds have numerous nutritional benefits, owing to which are they are majorly consumed as a snack worldwide. It avoids weight gain. Globally, consumers are inclining toward healthier and nutritious options free of pesticides, chemicals, and GMOs. Almond ingredients in snacks are ideal, as consumers consider them natural and healthy. The organic and natural snacks food category is experiencing significant growth in supermarkets around the world. Many key players in the food & beverage market are introducing new products to the market. These factors are driving the growth of the snacks segment in the almond ingredients market.

The almond pieces segment is projected to grow at the fastest rate in the almond ingredients market during the forecast period

By type, the almond pieces segment is projected to witness the fastest growth in the almond ingredients market for the period forecasted. Almond pieces or chopped almonds intensify the flavor of food products, to which it is added. Almond pieces are available in various forms, such as halves, slices/flakes, and diced/chopped. Almond pieces help in adding crunch, texture, and nutrition to the products and are increasingly used in the preparation of health-based snack foods. The market for almond pieces is projected to witness a rapid growth across regions due to the development of the food processing industry and high consumption among the population. However, the market continues to witness significant growth in developed countries, such as the US and Germany, due to the high awareness pertaining to health-based foods products, along with an increase in the food processing sectors.

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*The Europe region dominated the almond ingredients market with the largest share *

The European market accounted for the largest share in 2019. The rise in awareness pertaining to the nutritive compounds in almonds and the benefits offered by it is increasing among consumers over the past few years, which has led manufacturers to invest significantly in the almond ingredients market. Consumers in this region are witnessing a high demand for natural and low-sugar ingredients and food products, resulting in a surge in almond consumption in the region. As high-fat products are responsible for the occurrence of chronic illnesses, such as obesity and diabetes, food & beverage manufacturers are now focusing on undertaking innovations in the production of various low-fat fortified foods to cater to consumer demands for healthy food & beverage products.

Leading companies are ADM (US), Olam International Limited (Singapore), Barry Callebaut (Switzerland), Blue Diamond Growers (US), John B. Sanfilippo & Son (US) , Kanegrade (UK), Borges Agricultural & Industrial Nuts (Netherlands), Savencia SA (France), The Wonderful Company (US), Harris Woolf California Almonds (US), Treehouse California Almonds (US), Döhler GmbH (Germany), Royal Nut Company (Australia), Repute Foods Pvt. Ltd (India), Deep Nuts N Flavors LLP (India), Shivam Cashew Industry (India), Modern Ingredients (India), ConnOils LLC (Wisconsin),Valley Harvest Nut Company (US), and ETChem (Jiangsu).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra

MarketsandMarkets™ INC.
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Suite 430
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USA : 1-888-600-6441

16

Collagen Market Projected to Reach $4.6 Billion by 2023 | Key Players are Gelita AG, Nitta Gelatine, Inc., Darling In...

Collagen Market Projected to Reach $4.6 Billion by 2023 | Key Players are Gelita AG, Nitta Gelatine, Inc., Darling In...

The report "Collagen Market by Product Type (Gelatin, Hydrolyzed Collagen, and Native Collagen), Source, Application (Food & Beverages, Pharmaceutical & Healthcare), and Region (North America, Europe, Asia Pacific, and Row) - Global Forecast to 2023" The collagen market is estimated to account for nearly USD 3.5 billion in 2018 and is projected to reach a value of nearly USD 4.6 billion by 2023, growing at a CAGR of 5.2% from 2018. This is due to the increasing use of collagen and collagen proteins in the medical and pharmaceutical industries. Increase in demand for collagen and collagen products in the food & beverage and cosmetic industry has encouraged manufacturers to provide better protein-based products, which in turn, has contributed to the market growth.

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By product type, the gelatinsegment is estimated to account for the largest share in the collagen market.

On the basis of product type, the gelatin segment is estimated to dominate the collagen market in 2018. Gelatin is widely used in foods to improve elasticity, consistency, and stability. It also helps to normalize gut hormones in obese people. Thus, due to rising health awareness, gelatin is being preferred by food manufacturers to produce nutritious food products. Gelatin is increasingly used in the food & beverage industry to make gummy candies, puddings, confectionery, and gelatin desserts.

The collagen market is witnessing a strong growth due to the increasing use in the food & beverage industry.

Collagen in the form of gelatin is high in protein, fat-free, cholesterol-free, and low in calories, which makes it a label-friendly ingredient that consumers know and trust. It is a key functional ingredient in many food products. It is also an important component in confectionery items such as marshmallows, gummy candy, and fruit snacks. The dairy industry makes extensive use of gelatin in the manufacture of sour cream, yogurt, ice cream, cheese, and specialty desserts, while meat processors depend on the binding properties of gelatin for the production of specialty meats, pates, and luncheon meats. Thus, these factors are projected to drive the collagen market.

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Europe is estimated to dominate the collagen market.

Europe is estimated to account for the largest market share in the collagen market in 2018. The region has witnessed many collagen-infused drinks launched by the manufacturers, such as cappuccino collagen and soy collagen. They are either marketed as components of protein blends or in combination with fruits. The rising usage of collagen in wide varieties of food items and beverages along with the changing consumer preferences are accelerating the market growth. Moreover, the preference for minimally invasive or non-invasive technologies and the increasing use of collagen by biomedical industries in the developed countries are further driving the market growth.

This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies in the collagen market. It includes the profiles of the leading companies such as Gelita AG (Germany), Nitta Gelatine, Inc. (US), Weishardt Group (France), Darling Ingredients (US), Nippi Inc. (Japan), Vinh Hoan Corporation (Vietnam), Juncà Gelatines, S.L.(Spain), Lapi Gelatine S.p.a. (Italy), Gelnex (Brazil), Vital Proteins (US), Baotou Dongbao Bio-Tech Co., Ltd. (China), RABJ Co., Ltd (Japan), Connoils (US), Nutra Food Ingredients (US), and Italgelatine S.P.A (Italy).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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17

Specialty Food Ingredients Market is Projected to Reach $178.3 billion by 2025

Specialty Food Ingredients Market is Projected to Reach $178.3 billion by 2025

The Specialty Food Ingredients Market size is estimated to be valued at USD 134.7 billion in 2020 and is projected to reach USD 178.3 billion by 2025, recording a CAGR of 5.8%, in terms of value. There is an increase in the demand of processed food and clean label which is driving the market.

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Based on type, the specialty food ingredient market is dominated by the food & beverage segment. The consumer trends such as easy-to-use, health & wellness, and clean label trends influence the overall market. The easy-to-use trend is due to the rapid urbanization in emergent markets. Consumers demand healthier ingredients in their food products. The growing obesity and diabetes incidences compel the consumers in emerging and developed economies to focus on an improved lifestyle.

The European region/ North American dominates the specialty food ingredients market with the largest share in 2019, whereas the Asia Pacific is expected to witness the highest growth rate.

In North America, the US dominated the specialty food ingredient market due to the high production and demand for clean label food & beverages. The global specialty food ingredients market is primarily driven by the rising demand for safe and plant-based products. The specialty food ingredients industry functions with legislators and regulators to deliver qualitative products to its end users. In the major markets.

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The increase in the developed economy and per capita income has enabled the consumers to invest in more health and health-related services, in the Asia Pacific region. This is one of the major drivers for specialty food ingredients in the region. Apart from that, the millennial consumers are more health-conscious and open to experimenting with various ingredients, this is also thriving the market in the Asia Pacific.

Leading companies are Cargill (US), ADM (US), DuPont (US), Ingredion (US), Kerry (Ireland), DSM (Netherlands), Chr. Hansen (Denmark), Sensient (US), Tate & Lyle (UK), Givaudan (Switzerland), Biocatalysts (UK), Omega Protein (US) Enzyme Supplies (UK), FDL Ltd (UK), Nutriati (US), Crespel & Dieters (Germany), Axiom Food (US), Amano Enzymes (Japan), Amicogen (South Korea), and Aminola (Netherlands).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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USA : 1-888-600-6441

18

Growth Opportunities And Latent Adjacency In Industrial Hemp Market

The Industrial Hemp Market is projected to grow from USD 4.6 billion in 2019 to USD 26.6 billion by 2025, recording a compound annual growth rate (CAGR) of 34.0% during the forecast period. The major factors driving the growth of the industrial hemp market include increasing legalization in the cultivation of industrial hemp, functional properties of hemp seed and hemp seed oil, and their growing use in different food applications, and increase number of chronic diseases.

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The CBD hemp oil segment is projected to be the fastest-growing segment in the industrial hemp market during the forecast period.

The industrial hemp market is segmented, based on type, into hemp fiber, hemp seed, hemp seed oil, and CBD hemp oil. The CBD hemp oil segment is projected to be the fastest-growing segment in the industrial hemp market during the forecast period. This is attributed to the growing usage of CBD hemp oil in various applications such as personal care, health supplements, and food & beverages products. Furthermore, the numerous health benefits of CBD hemp oil make it useful to treat and prevent conditions like anxiety, depression, pain, and acne are also expected to drive the growth.

**Browse in-depth TOC on "Industrial Hemp Market"

77 – Tables
34 – Figures
133 – Pages**

The food segment is projected to account for the largest market share in the industrial hemp market during the forecast period.

The industrial hemp market is segmented, based on application, into food, beverages, textiles, personal care products, pharmaceuticals, and others. The food segment is projected to be a leading segment in the industrial hemp market. This is attributed to the usage of hemp in food products, as these are rich in essential fatty acids (linoleic and linolenic); vitamin E; as well as minerals such as phosphorus, potassium, sodium, magnesium, calcium, zinc, iron, and protein. Hemp is mostly consumed in the form of hemp seed, raw or roasted. It is added to salads, smoothies, yogurt, and cereals. The growing consumption of plant-based protein, owing to the popularity of veganism, globally, is expected to increase the demand for hemp-based processed food products such as bars, flour, snacks, and cheese.

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The European region is projected to be the fastest-growing region in the industrial hemp market during the forecast period.

The European region is projected to be the fastest-growing region in the industrial hemp market during the forecast period owing to growth in consumption of hemp seeds as food as well as their wide application in other food products such as smoothies, yogurt, cereals, and bars especially in countries such as Germany and the Netherlands. Furthermore, increasing legalization of industrial hemp in the European region in the coming years is expected to boost the industrial hemp market.

Major vendors in the industrial hemp market include Hempco (Canada), Ecofibre (Australia), Hemp Inc. (US), GenCanna (US), HempFlax BV (Netherlands), Konoplex Group (Russia), Hemp Oil Canada (Canada), BAFA (Germany), Hemp Poland (Poland), Dun Agro (Netherlands), Colorado Hemp Works (US), Canah International (Romania), South Hemp Tecno (Italy), Plains Industrial Hemp Processing (Canada), and MH Medical Hemp (Germany).

19

Industrial Enzymes Market Is Projected to Reach $8.7 Billion by 2026

The report "Industrial Enzymes Market by Type (Carbohydrases, Proteases, Lipases, Polymerases & Nucleases, Other Types), Source, Application (Food & Beverages, Feed, Bioethanol, Detergents, Pulp & Paper, Textiles & Leather, Wastewater Treatment, Other Applications), Form, and Region - Global Forecast to 2026" According to MarketsandMarkets, the industrial enzymes market is estimated to be valued at USD 5.9 billion in 2020 and is projected to reach USD 8.7 billion by 2026, recording a CAGR of 6.5%, in terms of value. The growing environmental concerns and enzyme quality in food & beverages and feed, and the rising demand for bioethanol are factors that are projected to drive the growth of the industrial enzymes market globally.

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The microorganism segment is projected to witness significant growth during the forecast period.

Based on source, the industrial enzymes market is segmented into microorganism, plant, and animal. The microorganism segment is projected to witness the fastest growth during the forecast period, as enzymes obtained from microbial sources lead to low production costs. Furthermore, they contain more predictable and controllable enzyme content. In addition, as enzymes obtained from microbial sources can be cultured in large quantities in a short period, microorganisms are the primary source of industrial enzymes.

The carbohydrases segment is projected to account for a major share in the industrial enzymes market during the forecast period

By type, the industrial enzymes market is segmented into carbohydrases, proteases, lipases, polymerases & nucleases, and other enzymes (such as catalases, laccases, oxidases, phosphatases, kinases, esterases, and pectinases). Carbohydrases are classified into amylases, cellulases, and other carbohydrases (such as pectinases, lactases, mannanases, and pullulanases). Amylases used in the textile industry benefit denim manufacturers in de-sizing and lowering the operational costs. In the paper industry, amylases help in de-inking and drainage improvement. However, the textile industry functionally benefits in the replacement of pumice stones by a cellulose-based treatment; benefits include less damage to fibers, increased productivity of the machines, and less hazardous environment for manufacturers.

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The North American region dominated the industrial enzymes market with the largest share in 2019, whereas Asia Pacific is expected to witness the highest growth rate.

The industrial enzymes market in North America was dominant due to the increasing demand for enzymes in industrial applications. Technological innovations in machinery, optimization of production, logistics, and globalization of business have made the food & beverage industry one of the essential sectors in North America. However, the shift of industrial operations from developed regions, such as North America and Europe, to Asia Pacific, has further contributed to the growth of the industrial enzymes market in the Asia Pacific region. The use of industrial enzymes in textiles & leather and detergents has been fueling the market in the Asia Pacific region. Furthermore, European consumers have shown an inclination toward clean-label and organic products. This has enabled manufacturers to consider organic ingredients as major components of the products. Due to this, the industrial enzymes market in the European region is led by the growing focus on the production of food & beverages, owing to the functional benefits of enzymes.

This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as BASF (Germany), Novozymes (Denmark), DuPont (US), DSM (Netherlands), Kerry Group (Ireland), Dyadic International (US), Advanced Enzymes (India), Chr. Hansen (Denmark), Amano Enzymes (Japan), Megazyme (Ireland), Aumgene Biosciences (India), Biocatalysts (UK), Enzyme Supplies (UK), Creative Enzymes (US), Enzyme Solutions (US), Enzymatic Deinking Technologies (US), Sunson Industry Group (China), MetGen (Finland), Denykem (UK), and Tex Biosciences (India).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

20

Major Key Trends in Plant Extracts Market

Major Key Trends in Plant Extracts Market

According to MarketsandMarkets analysis, the plant extracts market is estimated to be valued at USD 23.7 billion in 2019 and is projected to reach USD 59.4 billion by 2025, at a CAGR of 16.5% from 2019 to 2025. The demand for plant extracts is significantly increasing due to factors such as rising awareness regarding the side-effects of synthetic products and health benefits offered by phytomedicines and herbal extracts. Inadequate supply of raw materials and price fluctuations inhibit the growth of plant extracts market.

The Asia Pacific region is projected to hold the largest market owing to the factors such as increasing awareness about better dietary choices, growing demand for herbal cosmetic products, rising awareness about the ill-effects of synthetic products, and increasing incidences of chronic diseases and stress levels due to busy lifestyles. Also, the availability of raw materials and required environmental conditions for the growth of plant extracts is the leading promoter of this trend in the Asia Pacific.

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Key Players in the Market:

• Givaudan (Switzerland)
• Sensient Technologies (US)
• Symrise AG (Germany)
• Kangcare Bioindustry Co., Ltd. (China)
• PT. Indesso Aroma (Indonesia)
• PT. Haldin Pacific Semesta (Indonesia)
• Vidya Herbs Private Limited (India)

**Market Dynamics:

Drivers**

• Rise in Awareness Regarding the Side-Effects of Synthetic Flavors
• Growth in R&D Activities
• Increase in Popularity of Convenience Foods is Boosting the Demand for Plant Extracts
• Health Benefits Offered By Phytomedicines and Herbal Extracts

Restraints

• Inadequate Supply of Raw Materials and Price Fluctuation

Opportunities

• New Revenue-Generating Pockets Emerging Through Natural Sweeteners Category
• Identification of New Herbs and Spices in Accordance With Changing Consumer Preferences and Tastes

Challenges

• Lack of Awareness About the Advantages Offered By Plant Extracts in Developing Countries
• Availability of Substitutes and Adulterated Products

The plant extracts market, based on application, is segmented into pharmaceuticals & dietary supplements, food & beverages, cosmetics, and other which includes personal care products and toiletries. The cosmetics segment is estimated to grow at the highest CAGR as the growing consumer interest in self-care is driving the increasing use of plant extracts in the cosmetics segment. The changing consumer lifestyles and economic factors such as the rise in per capita income, particularly in developing regions, have encouraged the consumers to spend on personal grooming. Also, the rising awareness and trends of using cosmetics with natural ingredients and free-from cosmetics are driving the plant extracts market in cosmetics application.

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The plant extracts market, by source, is segmented into leaves, fruits, flowers, and bulbs, rhizomes & roots, barks & stems, and others which includes seeds, pods, and berries. The leaves segment is estimated to grow at the highest CAGR because leaves of many plants, including rosemary, aloe vera, basil, thyme, clove leaves are highly rich in antioxidants and also offer anti-microbial properties. This has led to their extensive usage in the cosmetics, pharmaceutical, and personal care industries. Due to high Vitamin A, Vitamin K, Vitamin C, magnesium, iron, potassium, and calcium content, leaves extracts are also highly used in food & beverage applications.

21

Cannabis Market: Insights & Forecast to 2026

Cannabis Market: Insights & Forecast to 2026

According to MarketsandMarkets, the global cannabis market size is estimated to be valued at USD 20.5 billion in 2020 and is projected to reach USD 90.4 billion by 2026, recording a CAGR of 28.0% in terms of value. The growth of cannabis market can be attributed to the increasing legalization of cannabis across various regions. Along with that, growing medicinal applications of cannabis will further contribute to the growth of cannabis market in the forecasted period. North America region dominated the cannabis market.

Cannabis is a drug derived from the Cannabis sativa, Cannabis indica, and hybrid strains. Cannabis is composed of different cannabinoids, the two main cannabinoids that are considered to be the most active compounds are tetrahydrocannabinol (THC), the psychoactive compound, and cannabidiol (CBD), the non-psychoactive compound. It used for various medical and recreational purpose.

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North America dominated the global cannabis market. It is largely driven by the increasing legalization of cannabis for both medical and recreational purposes all over the region. Also, the consumers are now more aware about the health benefits of cannabis. The market is further fueled by the presence of major cannabis giants, such as Canopy Growth Corporation, Aurora Cannabis Inc., and Medical Marijuana Inc. These companies are playing a major role in developing new innovative products to fulfill consumer demand.

Among various product types of cannabis, flower segment accounted for the major market share in the overall cannabis market. The dominance of this segment is largely attributable to its wider availability. Also, its method of delivery as smoking or vaping the cannabis flower has a quicker effect, which is why is it preferred by medical and recreational cannabis consumers for fast-acting relief.

Based on application, the recreational segment is projected to be the fastest-growing during the forecast period. The growth is mainly associated with the high consumption and demand levels for recreational cannabis. Also, the demand for recreational cannabis is projected to surpass the demand for medical cannabis. Therefore, the legalization of recreational cannabis across various regions could translate into a larger market share.

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22

Hydrocolloids Market : Recent Market Developments

The hydrocolloids market is estimated to be valued at USD 8.4 billion in 2018 and is projected to reach USD 11.4 billion by 2023, at a CAGR of 5.3% during the forecast period. The growth of the hydrocolloids market is driven by factors such as the expansion of the processed food industry due to the increasing demand for convenience foods in regions such as the Asia Pacific, South America, and the Middle East & African. Apart from this, manufacturers are engaged in R&D to offer high-quality hydrocolloids due to its multi-functionality in the food industry.

Key Players :

DowDupont (US),
Ingredion (US),
Cargill (US),
Kerry (Ireland),
Archer Daniels Midland Company (US),
Palsgaard (Denmark),
Darling Ingredients (US),
CP Kelco (US),
Ashland (US),
BASF (Germany)
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Expansion of the food processing industry due to the increased demand for convenience foods in the emerging countries of the Asia Pacific and South America is projected to create lucrative opportunities for hydrocolloids manufacturers in the coming years.

By source, the botanical segment is projected to be one of the fastest growing segments for the hydrocolloids market due to the increased demand for natural products and ingredients. Some of the popular hydrocolloids of botanical origin used by manufacturers of the food & beverage industry include gum arabic, gum tragacanth, gum karaya, and gum ghatti.

By type, guar gum is projected to be the fastest growing segment in the hydrocolloids market. Derived from the guar plant, it finds applications in the food, pharmaceutical, and cosmetics industries. In the food industry, it is used as a thickening and binding agent. It is used in a wide variety of food products such as ice cream, baked goods, cheese, soups, gravies, noodles, and meat. In addition, it is used in cosmetics products such as lotions, creams, and shampoos. In the pharmaceutical industry, it is used as a binder in tablets. Expansion of the food processing industry in the developing countries is projected to boost the sales of guar gum in the coming years.

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North America is the fastest-growing market for hydrocolloids and is projected to record the highest CAGR during the forecast period. The North American market is completely driven by the US, which accounted for nearly 84.0% of the market share in 2017. The US has a large market for bakery, confectionery, convenience food, and packaged food products; hence, it constitutes a major share in the market. Consumers in the US are calorie-conscious, due to which low-calorie and low-fat foods are popular in the country. The increasing prevalence of obesity and cardiac diseases have led to an increasing demand for natural and low-calorie food products among consumers. Food manufacturers are therefore concentrating on the application of natural hydrocolloids and their functions as fat replacers.

Recent Market Developments:

Recent developments are helpful to know the market trend and growth strategies adopted by players in the market. For instance, in the previous version, expansions were the major strategies adopted by players during 2010–2015. The current analysis shows that expansions, new product launches, mergers, and acquisitions have become more popular during 2013–2018.

23

Food Certification Market Growing Immensely at a Global Level

Food Certification Market Growing Immensely at a Global Level

Increase in instances of foodborne illnesses, strict food industry standards and certification requirements, and consumer demand for food transparency and credibility are factors that are expected to drive the growth of the food certification market

The importance of food safety is gaining attention in the market throughout the supply chain. The food certification market holds considerable business potential as the demand for safe food continues to be a significant trend among consumers. To gain the confidence of consumers regarding food safety and quality, food certification has gained significant importance in food processing and production. Certification standards address the compliance to food safety and quality parameters of food, packaging, packaging materials, and storage & distribution for primary producers, manufacturers, and distributors. The increase in consumer awareness regarding food safety and quality standards has led many of the world's largest food retailers to mandate supplier certification, which includes ISO22000, SQF, BRC, IFS, USDA organic, halal, and kosher.

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The global market for food certification is projected to reach USD 6.2 billion by 2025, recording a CAGR of 5.4%

On the basis of type of food certification, the ISO 22000 segment is projected to dominatethe market.ISO 22000 is a derivative of ISO 9001, a family of standards from the International Organization for Standardization. This quality certification can be applied to any organization in the food chain, from packaging manufacturers to the actual food processing facilities. ISO 22000 offers benefits to the food supply chain, such as determines and manages safety risks, offers preventive and corrective measures to food safety management, and reduces or eliminates the risk of food recalls.

The high prevalence of foodborne illnesses due to the increase in consumption of meat and meat productsis expected todrive the demand

With the increase in the globalization of food trade and awareness regarding consumer safety, the demand for certified food products has increased. Hence, the requirement for food certification and proper labeling is projected to increase. Many countries have their regulatory bodies to monitor the certification and labeling of food items that are either exported, imported, or domestically traded. The guidelines are increasingly becoming stringent due to the increase in the prevalence of issues regarding food safety among consumers.

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Geographical Prominence

Europe is estimated to account for the largest market share in the food certificationmarket, in terms of value, in 2020. The growth of the food certification market is attributed to the increase in instances of food recalls, the role of government authorities supporting the adoption of food certification, and the rise in demand for safe and high-quality food products among European consumers. The North American and Asia Pacific markets areexpected to grow at a significant rate owing to the increase in the sale of processed food products both in the retail and foodservice segments of the region.The manufacturing industry is extensively capitalizing on certifying the production processes and products to upgrade them to the highest possible quality standards.

The food certification market is diverse and competitive, with a large number of players. The key players in the market include DEKRA SE (Germany), Intertek Group PLC (UK), TÜV SÜD AG (Germany), SGS SA (Switzerland), among others. Through strategies, such as new product developments, expansions, and acquisitions, companies are expanding their global presence and offering new services and accreditations, which is projected to increase their operational capabilities in the market.

24

Collagen Market: Insights & Forecast to 2023

Collagen Market: Insights & Forecast to 2023

The collagen market, in terms of value, is estimated to account for nearly USD 3.5 billion in 2018 and projected to grow at a CAGR of 5.2%, to reach nearly USD 4.6 billion by 2023. This is due to the growth of the food & beverages industry as manufacturers are using collagen in their food items to increase the protein content in the final product. Busy lifestyles have driven the food manufacturing industry to produce new products that could meet the rise in demand from consumers, which in turn, drives the overall collagen market.

Key players that have a strong presence in the collagen market include Gelita AG (Germany), Nitta Gelatine, Inc. (US), Weishardt Group (France), Darling Ingredients (US), Nippi Inc. (Japan), Vinh Hoan Corporation (Vietnam), Juncà Gelatines, S.L. (Spain), Lapi Gelatine S.p.a. (Italy), Gelnex (Brazil), Vital Proteins (US), Baotou Dongbao Bio-Tech Co., Ltd. (China), RABJ Co., Ltd (Japan), Connoils (US), Nutra Food Ingredients (US), and Italgelatine S.P.A (Italy).

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The gelatin segment is estimated to dominate the global market.

By product type, the gelatin segment is estimated to dominate the global collagen market in 2018. Gelatin is widely used in foods to improve elasticity, consistency, and stability. It also helps to normalize gut hormones in obese people. Thus, due to rising health awareness, gelatin is being preferred by food manufacturers to produce nutritious food products. Gelatin is increasingly used in the food & beverage industry to make gummy candies, puddings, confectionery, and gelatin desserts. It is also added in sauces and soups to thicken the consistency and provide a better product to the consumers. Nowadays, gelatin from fish and edible insects are also used as an alternative source, which is being accepted for kosher (Jewish) and halal (Muslim) products. Thus, due to the wide usage of gelatin, the collagen market is projected to witness significant growth.

The pharmaceutical & healthcare segment is projected to grow at the highest CAGR during the forecast period in the market.

By application, the pharmaceutical & healthcare segment is estimated to grow at the highest CAGR during the forecast period. Factors such as changing lifestyles and increasing population of working women are driving the demand for ready-to-eat collagen globally. Collagen has a wide range of applications in the medical & pharmaceutical sector due to its ability to reconstruct the bone. They are widely used in plastic surgeries, burn care, orthopedics, wound care, dentistry, and cardiovascular practices. The increasing health and medical issues have led to the increasing use of collagen in medical applications. However, religious restrictions related to bovine- and porcine-derived collagens have allowed medicine manufacturers to opt for marine animals as a source of collagen. Nowadays, collagen is also sold as a pill that can be used as a supplement to help with joint mobility. These factors are projected to drive the market growth of collagen during the forecast period.

The ROW market is projected to grow at the highest CAGR during the forecast period.

The ROW market is projected to witness the fastest growth during the forecast period. The collagen market in these regions is witnessing significant growth due to the growth of the cosmetic industry. Rising per capita income, improved standard of living, and a growing number of working women have increased the sales of cosmetics. There has also been a significant demand among male consumers for cosmetics and grooming products on a regular basis, which has reflected positively on the growth of the collagen market. In addition, there has been an increasing inclination toward food products as well as beauty supplements containing collagen for beauty benefits due to their anti-aging and moisturizing effect on the skin. The growing awareness regarding nutraceuticals and health supplements is one of the key drivers for the growth of the collagen market. Due to these factors, the collagen market in ROW is projected to witness positive growth.

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25

Enzymes Market: Insights & Forecast to 2025

The enzymes market was valued at USD 10.0 billion in 2019 and is projected to reach USD 14.7 billion by 2025, recording a CAGR of 6.7% during the forecast period. The demand for enzymes is increasing significantly, as it is being used across various industries and as a substitute for chemicals.

Key Players:

• BASF (Germany)
• DuPont (US)
• Associated British Foods (UK)
• DSM (Netherlands)
• Novozymes (Denmark)
• Kerry Group (Ireland)
• Dyadic International (US)
• Advanced Enzymes (India)

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By type, the carbohydrase segment is projected to account for the largest share in the market during the forecast period

The carbohydrase segment is projected to dominate the market during the forecast period. Carbohydrases are used in industrial applications, such as textiles & leather, food & beverages, pulp & paper, and biofuel. Carbohydrase is classified into amylase, cellulase, and other carbohydrases, which are used in various applications and microbes are a major source for them. The carbohydrase segment dominated the market, as enzymes named amylase catalyzes the hydrolysis of starch into sugar, which is used for various industrial applications.

By specialty enzymes, the pharmaceutical segment accounted for the largest market size in the market during the forecast period

The demand for specialty enzymes is increasing significantly due to the increasing application of enzymes in the pharmaceutical industry. Pharmaceutical manufacturers are increasingly becoming aware of the incorporation of biocatalysts into the manufacturing process. The increasing usage of enzymes in therapies for diseases, such as cancer, cardiovascular diseases, and lysosomal disorders, is projected to drive the demand for enzymes in the market.

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

The enzymes market in Asia Pacific is expected to witness the highest growth due to the increasing demand for enzymes in industrial and specialty applications. Technological innovations in machinery, synthetic fibers, logistics, and globalization of business have made the textile & leather industry one of the essential sectors in the Asia Pacific region. Furthermore, the shift of industrial operations from developed regions, such as North America and Europe to Asia Pacific, has further contributed to the growth of the enzymes market in this region. The use of enzymes in the biofuel industry will grow further due to the increase in bioethanol production and its usage in fueling automobiles and electricity. In addition, the majority of the population resides in the Asia Pacific region, which is contributing to the growth of the pharmaceutical industry. Enzyme usage in pharmaceutical products will further drive the enzymes market in the Asia Pacific region.

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