Updated by K Mit on Aug 02, 2021

Food and Beverages Market Reports

Listly by K Mit

According to the research report "Food Blenders & Mixers Market by Type (High Shear, Shaft, Ribbon Mixer, Double Cone...

According to the research report "Food Blenders & Mixers Market by Type (High Shear, Shaft, Ribbon Mixer, Double Cone, Planetary Mixer, Screw Mixer & Blender), Application (Bakery, Dairy, Beverage, Confectionery), Technology, Mode of Operation & Region - Global Forecast To 2025", published by MarketsandMarkets™, the global Food Blenders & Mixers Market size is estimated to account for about USD 7.2 billion in 2020 and projected to reach a value of nearly USD 9.5 billion by 2025, growing at a CAGR of 5.8% from 2020 to 2025.

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**Browse and in-depth TOC on "Food Blenders & Mixers Market"

148 - Tables
63 - Figures
268 - Pages**

Key Players:

This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies in the Food Blenders & Mixers Market. The key players in the Food Blenders & Mixers Market include GEA Group Aktiengesellschaft (Germany), Tetra Laval International S.A. (Switzerland), Krones AG (Germany), SPX Flow Inc (US), Marel HF (Iceland), Sulzer Ltd. (Switzerland), Buhler Industries Inc (Switzerland), John Bean Technologies Corporation (US), KHS GmbH (Germany), Hosokawa Micron Limited (Japan), Paul Mueller Co (US), Alfa Laval Corporate AB (Sweden), EKATO Holding GmbH (Germany), Philadelphia Mixing Solutions Ltd. (US), Diosna GmbH (Germany), Silverson Machines Inc. (United Kingdom), Fristam Pumps (US), Pentair PLC (The Netherlands), ARDE Barinco (US), and General Machine Company (GEMCo) (US).

Europe is estimated to dominate the Food Blenders & Mixers Market in 2020

Europe accounted for the largest market share in 2019. The Food Blenders & Mixers Market in Europe is dominating, owing to the concentration of the global players such as GEA Group (Germany), Marel (Iceland), Alfa Laval (Sweden), Bühler (Switzerland), Krones (Germany), and a few others. The market for food blenders & mixers here is mature, and hence, the growth is moderate compared to other regions. The players in the region are pioneers in launching and developing newer technological advancements. For instance, in March 2018, GEA redesigned its one of the leading mixing and blending products, Batch Formula test mixers, by improving the level of efficiency, flexibility, and hygiene to the highest possible levels. Western Europe is witnessing an increasing demand for prepared food products such as special cheese varieties or yogurts, RTE food, and snack products, which require integrated systems for processing. The bakery is one of the major segments in the food & beverage industry in Europe. Thus, the Food Blenders & Mixers Market is dominating in this region, owing to the optimum usage of processing equipment in the country's food & beverage industry.

By technology, the continuous segment is projected to be the fastest-growing for Food Blenders & Mixers Market from 2020 to 2025

Continuous mixing technology equipment is dedicated to a single and high-volume product. In the continuous mixing mechanism, ingredients are continuously charged into the mixer in accordance with the formulation. The continuous blending technology offers advantages such as direct processing of raw products, no requirement of large mixing tanks, and flexibility through rapid product change. Ingredients such as starch and tea powder, which are susceptible to lumping, clogging, foaming, and other issues, in batch mixing, can be mixed by using continuous technologies. The technology can be used in all the processes in the manufacturing of ready-to-bottle soft drinks and fruit juices. Thus, due to this continuous technology is expected to be the fastest-growing segment in the forecast period.

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By type, the high shear mixer segment is projected to be the fastest growing for Food Blenders & Mixers Market from 2020 to 2025

High shear mixers are used for multiple objectives, such as homogenization, emulsification, powder wet-out, and deagglomeration. Owing to this they are used to blend special ingredients such as Xantham. Xanthum gum has certain difficulties in terms of mixing. The powder, when mixed with water, has a strong tendency to form lumps. Thus, to overcome such difficulties advanced high shear mixers, are manufactured to produce an agglomerate-free dispersion and fully hydrated xanthan gum in a fraction of the time taken by conventional methods. Thus, due to increasing usage in various applications and technological advancement, high shear mixer is the fastest-growing type in the forecast period.

Seaweed Cultivation Market: An Emerging Market with Attractive Growth Opportunities

The seaweed cultivation 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.

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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.

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.

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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).

Bakery Processing Equipment Market Growth and Forecast 2020-2025

According to the new market research report "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", published by MarketsandMarkets™, the Bakery Processing Equipment Market is estimated to account for nearly USD 8.9 billion in 2020 and is projected to reach a value of nearly USD 11.4 billion by 2025, growing at a CAGR of 5.0% from 2020. The growth of the bakery processing equipment market is attributed to the increasing trade of food processing equipment among countries such as Mexico, Brazil, Argentina, the UAE, India, and China. Bakery processing equipment helps in transforming raw ingredients into baked items through various physical and chemical techniques.

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By end user, the bakery processing industry segment is estimated to account for the largest share in the bakery processing equipment market in 2020.

On the basis of end user, the bakery processing industry segment is estimated to dominate the bakery processing equipment market in 2020. In recent years, China is being observed as an emerging country in the bakery processing equipment market due to the growing demand for specialized and innovative bakery products. The industrial bakeries use automated bakery machinery, while artisanal bakeries use smaller bakery equipment.

By type, the sheeters & molders segment is projected to be the fastest-growing segment during the forecast period in the bakery processing equipment market

During the forecast period, the sheeters & molders segment is projected to grow at the highest CAGR in the bakery processing equipment market, in terms of value. Sheeters are rolling machines that are durable and enable accurate and constant production of bakery products. Dough sheeters are also key equipment used in the baking industry, which allows the baking product companies to produce large quantities of dough in less working time, along with maintaining the quality of handmade and commercial bakery products. Bakery equipment companies are launching innovative baking molds to smoothen the molding process for bakery products in the commercial industry.

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The Asia Pacific is estimated to dominate the bakery processing equipment processing market in 2020

The Asia Pacific is estimated to account for the largest market share in the bakery processing equipment processing market in 2020. This market is driven by the growing demand for processed food products in developing countries such as India, China, and Australia. In the Asia Pacific region, China was the largest market for bakery processing equipment in 2019. The growth of the industries in the region over the years, followed by improvements in the bakery industry, has created new opportunities for the manufacturers in the bakery processing equipment market. The growing middle-class population of the region, with increasing disposable income, and demand for bakery items that offer on-the-go consumption, are driving the growth of the bakery processing equipment market. The per capita consumption of bakery processing equipment in the Asia Pacific region is driven by emerging economies such as China, India, and Indonesia.

This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies in the bakery processing equipment market. It includes the profiles of leading companies such as GEA Group AG (Germany), Bühler (Switzerland), John Bean Technologies Corporation (US), Heat and Control (US), Rheon Automatic Machinery (Japan), Markel Food Group (US), Baker Perkins (UK), Anko Food Machine (Taiwan), Gemini Bakery Equipment (US), Allied Bakery Equipment (US), Global Bakery Solutions (UK), and Erica Record LLC (US).

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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.

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Plant-based Protein Market Sees Promising Growth by 2026

The report "Plant-based Protein Market by Source (Soy, Wheat, and Pea), Type (Isolates, Concentrates, and Textured), Form, Application (Food(Dairy Alternatives, Meat Alternatives, and Performance Nutrition) and Feed), and Region - Global Forecast to 2026" According to MarketsandMarkets, the global plant-based protein market size is projected to grow from USD 10.3 billion in 2020 to USD 15.6 billion by 2026, recording a compound annual growth rate (CAGR) of 7.2% during the forecast period. The major factors driving the growth of the plant-based protein market include the growing demand for wellness-focused organic food & beverages among consumers.

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The isolates segment is projected to grow at the highest CAGR during the forecast period.

The plant-based protein market is segmented, based on type, into isolates, concentrates, and textured protein. The isolates segment is projected to grow at the highest CAGR during the forecast period since it has a high concentration of protein with the advantage of color, flavor, and functional properties. This makes it an ideal raw ingredient to be used in applications such as beverages, infant foods, children food, textured protein products, and other types of specialty foods.

The food segment is projected to account for the largest market share in the plant-based protein market during the forecast period.

The plant-based protein market is segmented, based on application, into food, and feed. The food segment is projected to be a leading segment in the plant-based protein market, since, plant-based foods represent the growing consumer segment of the market with an increasing number of manufacturers utilizing the characteristics of plant-based proteins to develop new product types and alternatives to conventional products. Plant-based foods are now occupying mainstream presence driven by large-scale manufacturers such as Beyond Meat (US), Impossible Foods (US), Danone (France), and Tyson Foods (US).

The pea-based protein market is projected to grow at a higher CAGR during the forecast period.

The plant-based protein market is segmented, based on source, into soy, pea, wheat, and others, that include potato, canola, and rice. The pea-based protein segment is projected to grow at a higher CAGR during the forecast period, owing to its nutritional benefits and easy integration into final products. Furthermore, the demand for pea protein continues to grow from application industries. Moreover, rising consumer preference for pea-based protein due to increasing health consciousness and awareness regarding the benefits of pea-based protein, particularly in the European and the North American regions, is expected to drive their market growth.

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The Asia Pacific region is the fastest-growing region in the forecast period

The Asia Pacific region is projected to grow at the highest CAGR in the plant-based protein market during the forecast period due to the growing application of plant-based protein in the food segment. The Asia Pacific region continues to be a strong prospect for manufacturers based in North America. The young demographic and growing interest in plant-based products have resulted in organizations expanding their scope for improved geographic coverage in the region. Countries such as China and India with a strong agricultural background have emerged as key entry points into the region with a well-established infrastructure suited for the processing of plant-based proteins.

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 DSM (Netherlands), Kerry Group (Ireland), ADM (US), Roquette Freres (France), Cargill (US), Glanbia (Ireland), DuPont (US), Ingredion (US), Emsland Group (Germany), Puris (US), Cosucra Group (Belgium), Batory Foods (US), Burcon Nutrascience (Canada), AGT Food & Ingredients (Canada), and Axiom Foods (US).

About MarketsandMarkets™

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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Mr. Aashish Mehra
MarketsandMarkets™ INC.
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Pet Food Processing Market Analysis and Forecast 2026

The report "Pet Food Processing Market by Type (Mixing & Blending Equipment, Forming Equipment, Baking & Drying Equipment, Cooling Equipment, Coating Equipment), Form (Dry, Wet), Application (Dog Food, Cat Food, Fish Food), and Region - Global Forecast to 2026", is projected to grow from USD 4.4 billion in 2019 to USD 6.2 billion by 2026, recording a CAGR of 5.0% during the forecast period. The major factors driving the growth of the pet food processing market include the increasing trend of pet food product premiumization, rising pet adoption, and acceptance of pets across regions.

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

The dog food segment is projected to account for the largest share in the global pet food market. The increasing population of dogs and the rising trend of pet humanization have encouraged dog owners to accept them as companions, which is projected to drive the demand for premium dog food. These factors are projected to drive the growth of the overall pet food processing equipment market. Dogs have the largest population among other pets globally. Pet owners are witnessing an increasing trend of purchasing premium-priced and nutrition-rich pet food products and prefer opting for high-quality food for their pets. Due to these factors, the dog food segment is projected to account for the largest market share.

The forming equipment segment is projected to account for the largest share in the pet food processing market during the forecast period.

The forming equipment segment is projected to account for the largest market share due to the increasing demand for extrusion solutions and increasing application in the pet food processing market. Some of the major extrusion equipment manufacturing companies in the pet food industry are Buhler AG (Switzerland), Baker Perkins Ltd. (UK), and Clextral SAS (France). The introduction of innovative extrusion machinery for manufacturing customized pet food has encouraged manufacturers to opt for extrusion-based manufacturing, which is projected to drive the growth of the forming segment. In addition, this segment is projected to account for the largest market share during the forecast period.

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The Asia Pacific region is projected to be the fastest-growing market for pet food processing during the forecast period.

The Asia Pacific region is projected to be the fastest-growing market for pet food processing during the forecast period. The region witnesses a high demand for pet food products due to the increasing acceptance of pets. The rising concerns among pet owners regarding the health of pets have led to an increase in demand for high-quality pet food products that require specialized machinery. These factors are projected to create growth opportunities for equipment manufacturers in countries such as India, China, Japan, and Thailand.

The pet food processing market comprises major players, such as Andritz Group (Austria), Buhler Holding AG (Switzerland), The Middleby Corporation (US), GEA Group (Germany), Baker Perkins Ltd. (UK), Clextral SAS (France), Precision Food Innovations (US), Mepaco Group (US), Coperion GMBH (Germany), F.N. Smith Corporation (US), Reading Bakery Systems (US), and Selo (Netherlands). The study includes an in-depth competitive analysis of these players in the pet food processing market, with their company profiles, recent developments, and the key market strategies.

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Mr. Aashish Mehra
MarketsandMarkets™ INC.
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Beta-Glucan Market to Register Substantial Expansion by 2026

According to the new market research report "Beta-Glucan Market by Source (Cereal, Mushroom, Yeast, and Seaweed), Application (Food & Beverages, Personal Care, Pharmaceuticals, Dietary Supplements, and Animal Feed), Category (Soluble and Insoluble), and Region - Global Forecast to 2026", published by MarketsandMarkets™, the market size is estimated to account for a value of USD 403.8 million in 2020 and is projected to grow at a CAGR 7.6% from 2020, to reach a value of USD 628.3 million by 2026.

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Beta-glucan Market Dynamics

Driver: Growing health consciousness among consumers and increasing health expenditure.

With the shift in demand from processed to healthy food, functional, and superfoods, consumers have become more conscious of their health and maintain it proactively through healthy living. Consumers are more aware of the food ingredients and pay attention to nutrition labels and ingredients of the food products. This change in buying habits has resulted in higher demand for healthy foods and supplements and has attracted several manufacturers to offer new food products that are functional, not genetically modified, and sourced naturally. With the increasing consciousness and concern about health and wellness, demand for multifunctional beta-glucan is expected to increase in the coming years.

Restraint: Inconsistency in regulatory norms governing beta-glucan

The beta-glucan market is governed by different regulatory bodies, which vary regionally. The legislation regarding the extraction, processing, formulation, and end-product manufacturing is different from country to country. Health claims also differ at the country level, thereby hindering the usage of beta-glucan in pharmaceuticals as well as food & beverages. The regulations also govern and monitor claims made by end-product manufacturers and labeling requirements. Europe, despite being the primary market for beta-glucan products, regulations related to health claims were harmonized in late 2007 under art.13 and art.14 – Regulation of January 19th, 2007. For health-related claims, only beta-glucan extracted from oats is eligible, as oats are one of the major sources of higher beta-glucan content compared to yeast and barley.

Opportunity: Emerging markets: New growth frontiers

Changing lifestyles, growing economy, and shift toward natural products are observed in developing economies, leading to the growth in demand for beta-glucan, not only in food, personal care, and pharmaceutical products but also in other industrial applications, such as animal feed and biofuel production. Developing countries such as China, India, and countries in the Middle East & Africa, in the coming years, are expected to experience a sharp upsurge in demand for beta-glucan extracted from different raw materials. This demand is attributed to be driven by an increase in the consumption of healthy foods, nutraceuticals, and personal care products.

Challenge: High cost of beta-glucan extraction

The extraction of beta-glucan is dependent on factors, such as source, time, and technology. There are several methods of extraction available, which offer low-quality insoluble beta-glucan. For example, manufacturing of high-quality micronized beta-glucan of particle size 1–3 microns involves high costs apart as it include several processing steps to get the desired size of beta-glucan. This is done to make beta-glucan easily absorbable at the receptor site on immune cells.

By application pharmaceutical and food & beverage will be the key areas to drive the demand for beta-glucan, in terms of value, in 2020

Pharmaceutical products come in the form of capsules, liquid, powder, or tablets and are taken to balance the deficiencies of ingredients in diets and for curing problems, such as obesity, blood pressure, and diabetes. These products have been extensively studied for their immunological and pharmacological effects. Immunologically active, homogeneous, non-aggregated, and micro-particulate beta-glucan is prepared from saccharomyces cerevisiae which has resulted in growing applications across the industry. Moreover, the rising sedentary lifestyle and increased consumption of calorie-rich food, have caused numerous health problems, such as obesity, high blood pressure, high cholesterol, and heart attack. The intake of beta-glucan has helped in reducing the risk of these health problems with its health-promoting properties further driving the beta glucan applications.

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North America is projected to dominate the majority market share, in the global beta-glucan market, in terms of value, in 2020

The North American beta-glucan market is led by its broad applications in various products along with their health benefits. The key market players in the North American beta-glucan market include Cargill (U.S.), Millipore Sigma (U.S.), and Lesaffre (U.S.). Technological advancements have made beta-glucan available for a wide range of applications in the food & beverage sector in the form of thickening agents, fat substitutes, dietary fiber, and hypocholesterolemia agents; these are likely to drive the growth in the region.

This report includes a study on the marketing and development strategies, along with a survey of the product portfolios of the leading companies operating in the beta-glucan market. It includes the profiles of leading companies, such as Cargill Inc (US), Tate & Lyle Plc (UK), Kerry Group Plc (Ireland), Koninklijke DSM N.V. (Netherlands), Frutarom (Israel), Garuda International Inc (US), Ohly GmbH (Germany), Milliporesigma (US), Super Beta Glucan (US), Lesaffre Human Care (France), Kemin Industries (US), Angel Yeast Co Ltd (China), Biotec BetaGlucans AS (Norway), AIT Ingredients (France), Biorigin Zilor (Brazil), Ceapro Inc (Canada), Specialty Biotech Co Ltd (Thailand), and Alltech Life Sciences (US) among others.

Growth opportunities and latent adjacency in Food Emulsifiers Market

The food emulsifiers market is estimated to be valued at USD 3.2 billion in 2020 and is projected to reach USD 4.0 billion by 2025, at a CAGR of 4.7%. The market is driven by the rise in consumption of convenience foods and premium products and a growing number of end-use applications due to the multifunctional attributes of the emulsifiers.

*Key Players in the Market: *

The key players in the food emulsifiers market include Corbion NV (Netherlands), Beldem SA (Belgium), Lonza Group (Switzerland), Palsgaard A/S (Denmark), Riken Vitamin (Japan), and Tate & Lyle Plc (UK). Furthermore, Kerry Group Plc. (Ireland), DowDuPont (US), and Archer Daniels Midland (ADM) (US) are the other players that hold a significant share in the food emulsifiers market.

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

The Asia Pacific market is projected to grow at the highest CAGR from 2020 to 2025. The high growth is attributed to the changing food consumption patterns in the region, owing to the rising income and urbanization, especially in South Asian countries. Further growth can be attributed to the increasing urbanization in the region, resulting in the growing demand for food security and quality food. Food manufacturers are expected to use food emulsifiers due to their multifunctional properties.

By type, the mono- & di-glycerides and their derivatives segment is projected to account for the largest share to the food emulsifiers market during the forecast period

The food emulsifiers market, based on type, has been segmented into lecithin, mono- & di-glycerides and their derivatives, sorbitan esters, stearoyl lactylates, polyglycerol esters, and others. The mono- & di-glycerides and their derivatives segment is estimated to dominate the market in 2020, as they are used for various applications. It has been observed that during 2020, the US food industry consumed more than 70% of mono- & di-glycerides based emulsifiers.

By source, the market for plant-based emulsifiers is projected to account for the largest market share in the food emulsifiers market during the forecast period

The food emulsifiers market, by source, has been segmented into plant-based and animal-based emulsifiers. The market, by source, is estimated to be dominated by the plant segment in 2020 and is also projected to grow at a higher CAGR. Plant-based food emulsifiers are preferred to animal-based food emulsifiers, as they are less harmful and more stable in food formulation. These factors drive the plant segment in the food emulsifiers market.

By application, the dairy & frozen desserts segment is projected to grow at the highest rate during the forecast period

On the basis of application, the food emulsifiers market is segmented into bakery products, confectionery products, convenience foods, dairy & frozen desserts, meat products, and others. The dairy & frozen desserts segment is estimated to dominate the market in 2020, owing to the increased consumption of food products in this application, especially in the developed regions of North America and Europe.

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Cannabis Market – Analysis with Ongoing Trends & Market Revenue

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.

Browse 132 market data Tables and 60 Figures spread through 224 Pages and in-depth TOC on "Cannabis Market by Application - Global Forecast to 2026"

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.

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.

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).

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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.

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Collagen Market is Projected to Reach $4.6 billion by 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 gelatin segment 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.

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.

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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).

Beverage Cans Market Growth Factors, Opportunities and Ongoing Trends 2026

The market for beverage cans market is estimated at USD 23.7 billion in 2021; it is projected to grow at a CAGR of 5.6% to reach USD 31.2 billion by 2026. The rise in demand for sustainable products and awareness regarding the environment coupled with increasing demand for convenient packaging will drive the market demand and growth of beverage cans globally.

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**Market Dynamics

Driver: Increase in popularity of energy and sports drinks**

Energy drinks are widely promoted as products that increase energy and enhance mental alertness and physical performance. Next to multivitamins, energy drinks are the most popular dietary supplement consumed by American teens and young adults. One reason can be semantics. Many people interchange sports drinks with energy drinks, but they are markedly different, with the former being formulated specifically for enhanced performance during activity and the latter being designed to inject a burst of energy into the consumer. But semantics alone cannot explain why energy drinks are set to outsell coffee in the next decade. While coffee is still viewed as traditionally consumed by older individuals, energy drinks have a greater appeal among the younger generation, aligning themselves with their lifestyle.

Restraint: Saturated markets for cans in the developed regions

The demand for cans is directly associated with the sale of packaged products at the retail front. With the growing awareness of consumers regarding health benefits, beverage cans used for carbonated drinks such as alcohol and soft drinks are experiencing sluggish sales. Moreover, the slow growth in demand for other beverage products has hampered the growth of beverage packaging in the last five years. However, in developed regions such as North America and Europe, the consumption of canned beverages is high. The market for cans is saturated in the region and has limited scope for further growth.

*Opportunity: Portable nature of cans makes them more user-friendly
*
The market for beverage cans will see an upward trend shortly due to the changing work lifestyles of consumers across the globe. Rising household income, consumer demand for better quality and safety, and increased awareness of maintaining a healthy diet across multiple formats that are easy to carry are the major factors that will lead to the growing demand for cans in the market. The demand for beverage cans is substantial in developed regions such as North America and Europe and is growing gradually in other developing regions such as Asia Pacific. The demand for fresh and organic beverage products, especially in the non-carbonated segment, will boost the potential growth of beverage cans in the coming years.

Challenge: High usage of plastic for packaging due to lower cost

There is little awareness about the benefits of metal packaging of beverages in developing countries. Additionally, the high cost of raw materials used, such as steel and aluminum, restricts consumers from using these products. The major challenge faced by metal can manufacturers is the replacement of metal with polyethylene terephthalate (PET) bottles, especially for beverage products. Other sustainable packaging materials, such as paper, glass, and plastic, are more cost-effective than metal packaging. However, PET-based cand are gradually getting adopted in the market as well.

North America is projected to dominate the majority market share, in the global beverage cans market, in terms of value, in 2021

North America is a key manufacturer in the beverage industry. The region is mainly dominated by many consumers for canned beverages across the globe. North America is the biggest consumer of aluminum cans, accounting for more than one-third of the total global consumption. However, the cans market for beverages is expected to witness a steady growth rate during the forecast period.

Since the region is developed, the consumption of beverages is mostly high in the region compared to developing regions, such as Asia Pacific and South America. Moreover, the major key players of metal packaging, such as Crown Holdings, Inc. (US) and Ball Corporation (US), have a significant market share in the US, which has further contributed to the steady growth of cans. The US dominated the market in North America, owing to the rise in demand for sparkling water, carbonated beverages, functional drinks, beer, and cocktails.

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By structure, the 2-piece can segment is projected to grow at the fastest CAGR in the market until 2026.

2-piece cans are mainly of three types: draw (shallow draw) whose height is less than their diameter; draw & redraw (DRD); and draw & iron (D&I). A 2-piece can comprises two components: a body integrated with a bottom lid and a lid with an opening. 2-piece cans require a double seaming technique to attach the can body with can lids to protect the content from external contamination. Steel and aluminum are the widely used raw materials for the manufacturing of these types of cans. These cans are suitable for the packaging of carbonated and non-carbonated beverages, such as beer, wine, sports drinks, and fruit juices. 2-piece cans have several advantages over 3-piece cans, one of which is that its body has no side seam between the body and bottom end. Therefore, the can is tightly sealed with less consumption of raw materials. The process of manufacturing a 2-piece can is easy and efficient than 3-piece cans. Also, 2-piece food cans are lightweight and available with a stackable feature, as a result of which they can save shelf space. With a continuously evolving packaging technology, the structure of the cans has also been improving with seamless can body and ease of printing on full cans; hence, 2-piece cans are estimated to replace 3-piece cans.

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Vitamin B3 Market to Register Substantial Expansion by 2025

The report "Vitamin B3 Market by Type (Feed Grade, Pharmaceutical Grade), Form, Source (Natural, Synthetic), Application (Pharmaceutical, Nutrition, Consumer, Agrochemicals), & Region (North America, Asia Pacific, Europe, RoW) – Global Forecast to 2025" 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. Factors such as the rise in production of vitamin blends for compound feed, and the increase in the importance of vitamin-rich diets among consumers across the globe opened new avenues for Vitamin B3. The major countries in the world include China, the US, Brazil, Mexico, Spain, India, and Russia. The where the demand for functional and nutritionally enriched processed food products and the prevalence of vitamin deficiencies is driving the market for vitamin B3.

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Feed grade, by type, is estimated to hold the largest market share during the forecast period

The market for Vitamin B3, by type, has been segmented into feed grade and nutrition grade. Vitamin B3 for feed grade is a vital part of improved metabolism in animals. It helps in the body processes of fats, carbohydrates, and amino acids in animals. Vitamin B3 is essential for the health of the skin, bones, joints, mucous membranes, digestive system, and central nervous system of the body. It is one of the more frequently supplemented vitamins, particularly in the swine and broiler industries. For feed grade application in broilers, vitamin B3 is used to partly correct legs or bones 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 a number of beneficial effects. It improves digestive health, which can lead to better body condition and may prevent metabolic disorders.

*Synthetic, by source, is estimated to account for the largest market share during the forecast period
*
The synthetically sourced vitamin B3 accounts for the largest share, since it is easier to manufacture, has lesser production complications, and is cost effective as well. It is manufactuered from coal tar, ammonia, various acids, cynopyridines and formaldehyde. It also has greater stability than the organic or synthetically sourced vitamins. They are also a potent source of vitamins and are effective due to their concentrated dosage levels in comparison to natural vitamins, while also being cost-effective in nature. These factors have led to the dominance of synthetically sourced vitamin B3.

*Nutrition, by application, is estimated to account for the largest market share during the forecast period
*
The nutrition segment accounted for the largest share in 2019, due to consumer awareness regarding the benefits of incorporating nutraceutical products in the daily diet of consumers, there is tremendous demand for vitamin B3 as well in nutraceutical products, as vitamin B3 reduces cholesterol, boosts brain functioning, improves skin health, may reduce symptoms of arthritis. The rising popularity of fortified food, continuous developments, and new product launches in the vitamin B3 market are boosting the consumption of vitamins in the food industry. The feed industry as well is witnessing an upward trend in demand for enriched feed products, which supports the demand for nutritional additives such as vitamin B3.

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

The Vitamin B3 is estimated to grow significantly in the Asia Pacific region due to the rise in demand for nutritional and health supplements, as well vitamin blends and nultivitamins from the major economies such as China, India, Japan and other South East Asian countries as they experience a surge in the increase in number of health -conscious consumers.
With the increase in awareness amongst consumers about the essential nutrients requirement in daily diet, have increased the demand for vitamin rich diet. In Asia Pacific, trends around healthy lifestyles and prevention among older consumers trying to avoid expensive healthcare costs and extend healthy lifespans are generating growth opportunities dietary supplements. Thus, causing Vitamin B3 to flourish in the region.

Also, the incidences of regular and chronic diseases in the region are high. This has led to the rise in the focus on preventive healthcare leading to the consumption of healthcare products and fortified & functional feed and food products with essential nutrients such as vitamin B3, thereby driving their consumption in the region.

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 Vitamin B3. It consists of the profiles of leading companies such 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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Liquid Milk Replacers Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2023

The global liquid milk replacers market size 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 driving factors in the liquid milk replacers market are increasing consumption of dairy products and the adoption of precision nutrition technique.

The major liquid milk replacers vendors 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). These players have adopted various growth strategies such as expansions, acquisitions, and new product launches to expand their presence in the global liquid milk replacers market. Expansions has been the most dominating strategy adopted by major players from 2014 to 2018. This has helped them to innovate their offerings and broaden their customer base.

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In line with the rising importance of the liquid milk replacers, Cargill has established its presence in diversified feed markets; this has helped it to minimize risks and dependency on any particular business segment. The company has a strong product portfolio and brand image, which enables it to strengthen its position in the market. It has strong R&D capabilities, which provide it with a strategic advantage over its competitors. The company is focusing on R&D to meet the demands of the feed industry. The company focuses on obtaining market-driven solutions to meet the increasing demand for milk replacers and other feed products. It is involved in various strategic growth initiatives such as expansions and investments. For instance, Cargill opened a new animal nutrition technology application center in Izmir, Turkey, in January 2016, to aid the increase in local awareness for calf milk replacers.

Nutreco N.V. focuses on catering not only to the milk replacers market but the overall feed industry. The company leads in terms of operational and financial strength and has focused on growing within the milk replacers market through both organic and inorganic means. It has expanded its product portfolio and geographic reach through new product launches, expansions, investments, and acquisitions. For instance, in 2017, Sprayfo altered the composition of its products in the above product range to reduce the usage of chemicals to a minimum level. In 2016, Trouw Nutrition (Netherlands), a subsidiary of Nutreco (Netherlands), opened a new Calf & Beef Research Facility close to Boxmeer (Netherlands) to meet the demand for milk replacers in animal nutrition applications.

By type, the medicated segment is expected to be the faster growing in the market during the forecast period.

The medicated segment is projected to grow at the higher CAGR between 2018 and 2023. Medicated liquid milk replacers provide various health benefits and improve the performance of infant livestock. These milk replacers are mainly fed to infant livestock that has physical and nutritional deficiencies, weaknesses, or diseases; and requires an enhanced nutritional diet. This has led livestock rearers to use medicated liquid milk replacers.

By livestock, the calves segment is growing at the fastest rate during the forecast period.

The calves segment, by livestock, is projected to be the fastest-growing store type in the global market. Calves are born with only the abomasum, i.e., the fourth stomach functioning; and their digestion is only dependent on the enzymes existing in the abomasum. For this reason, infant animals are fed with high-quality milk replacers, as they fulfill their nutritional needs and boost their immunity toward diseases. Liquid milk replacers for calves are nutritious concentrate mixes and contain nutrients such as protein, fats, vitamins, and minerals in the optimum required ratio to ensure optimal growth.

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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.

Plant-based Protein Market Overview, Growth Factors, Demand, Trends and Forecast to 2026

The global plant-based protein market size is projected to grow from USD 10.3 billion in 2020 to USD 15.6 billion by 2026, in terms of value, recording a compound annual growth rate (CAGR) of 7.2% during the forecast period. The rise in population with lactose intolerance is one of the major factors driving the market growth for plant-based protein. North America region accounted for the largest market share in the global plant-based protein market.

The market for pea-based protein is estimated to be the fastest-growing segment in the plant-based protein market, by source, during the forecast period. Pea protein is derived and extracted in powder from yellow split peas. The powder form extracted is further processed and produced in three different types, namely, pea protein isolate, pea protein concentrate, and textured pea protein. The pea protein isolate is obtained by the process of wet fractionation and is higher in concentration. In contrast, pea protein concentrates are obtained by the process of dry fractionation and are lower in protein concentration. Owing to its nutritional benefits and easy integration into final products, the demand for pea protein continues to grow from application industries

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The concentrates segment is projected to dominate the market, by type, in terms of value, during the forecast period. Plant-based protein concentrates deliver balanced nutrition, offering fibers and micronutrients, along with protein. They are sourced sustainably from peas, lentils, and fava beans, which can generally comprise up to 80% of protein content. The production of plant protein concentrates is of great interest in the food industry due to greater requirement for protein, and an increase in applications of plant-derived proteins in foods, especially in developing countries.

In terms of geographical coverage, the plant-based protein market has been segmented into five regions, namely North America, Europe, Asia Pacific, South America, and the Rest of the World (RoW). Asia Pacific is projected to be the fastest-growing region during the forecast period. The development of protein-based feeds, including isolates, represents the growing shift toward high-grade premixes. Among the feed applications, the use of pea protein isolates has gained popularity for their use in the aquafeed industry. Asia Pacific offers lucrative opportunities to manufacturers and suppliers of plant-based protein, owing to the cost advantage and high demand in this region. China is the outright leader of plant-based protein in the Asia Pacific region, followed by Japan and India.

There is a significant demand for pea protein since textured pea protein is used in food products as a substitute for conventional meat products. Moreover, pea proteins are used in alternatives to conventional dairy products. The development of new technologies provides growth opportunities for manufacturers to increase production levels.

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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 DSM (Netherlands), Kerry Group (Ireland), ADM (US), Roquette Freres (France), Cargill (US), Glanbia (Ireland), DuPont (US), Ingredion (US), Emsland Group (Germany), Puris (US), Cosucra Group (Belgium), Batory Foods (US), Burcon Nutrascience (Canada), AGT Food & Ingredients (Canada), and Axiom Foods (US).

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Frozen Bakery Products Market worth $29.5 billion by 2026

The report "Frozen Bakery Products Market by Type (Bread, Pizza Crusts, Cakes & Pastries), Distribution Channel (Conventional Stores, Specialty Stores), and Form of Consumption (Ready-to-Proof, Ready-to-Bake, Ready-to-Eat) - Global Forecast to 2026", published by MarketsandMarkets™, global frozen bakery products market is projected to reach USD 29.5 billion by 2026, from USD 22.3 billion in 2021, at a CAGR of 5.8% during the forecast period. The busy lifestyle of consumers has contributed to the growth of the bread manufacturing industry to produce new products that could cater to the rise in demand from consumers. The increase in consumption of frozen bakery products in the emerging markets of Asia Pacific and Latin America has also led to a rise in the sales of frozen bakery products. The demand for frozen bakery products in developing regions is driven by the increase in disposable income.

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Cakes & pastries are the major by type segment having the highest CAGR of the frozen bakery products market during the forecast period.

A pastry differs from bread in terms of fat content, contributing to the flaky texture. Pastry dishes include pies, tarts, sponge cakes, croissants, and muffins. The frozen cake is a form of sweet-baked dessert consisting of flavored ingredients, such as fruit extracts. Specialty cakes are gaining popularity, with a high starch-gluten ratio and low-protein wheat. They are further segmented into sponge cakes, muffins, and cookies. Currently, the frozen bakery product market players utilize new technologies to achieve the required/recommended levels of freezing for cakes. In countries such as the US, Canada, and Mexico, frozen cakes have been at the forefront among other frozen bakery products.

By distribution channel, the conventional stores dominated the frozen bakery products market in 2020.

Conventional stores have the potential to be a prominent distributional channel for frozen bakery products. Niche retailers among these stores have also realized the opportunity to establish an effective retail chain. Earlier, these companies marketed their line of products only through exclusive stores situated in prime locations. However, these companies now understand the dynamic changes in consumer preferences for healthier food products. Hence, a majority of the companies are marketing their products across regions through all possible channels to ensure sustainability in the global market. Thus, distribution channels play a vital role in bridging the gap between key players of frozen bakery products and the end consumers in the market.

Asia Pacific region is projected to witness the highest growth in the frozen bakery products market by 2026.

The Asia Pacific region is among the fastest-growing regions for frozen bakery products. The food & beverage industry has contributed significantly to the market growth in this region. Due to the growing population, rising incomes, and increasing urbanization the market growth is significant. These factors are projected to support the growth of niche markets, such as frozen bakery products. The market is driven by the increase in demand for convenience food products in developing countries such as India, China, Japan, and Australia. In the Asia Pacific region, China accounted for the largest share in the frozen bakery products market in 2020.

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Key players:

The key players in this market include Grupo Bimbo (Mexico), General Mills Inc. (US), Aryzta Ag (Switzerland), Europastry, S.A. (Spain), Conagra Brands, Inc. (US), Associated British Foods Plc (UK), Kellogg Company (US), Lantmannen Unibake International (Denmark), Vandemoortele Nv (Belgium), Premier Foods Group Ltd. (UK), Cargill, Incorporated (US), Flowers Foods (GA), Bridgford Foods Corporation (US), Coles Quality Foods Inc. (MI), and Dawn Food Products Inc (MI).

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Industrial Hemp Market worth $26.6 billion by 2025

The global industrial hemp market size 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. Rising awareness among the consumers about the benefits of industrial hemp, increasing legalization to cultivate industrial hemp across different countries, and growing application scope of industrial hemp in diverse industries such as textile, pharmaceutical, food, beverages, personal care products, construction & material, furniture, and paper is driving the market for industrial hemp.

Key industrial hemp players 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). Agreements, joint ventures, and partnerships were the dominant strategies adopted by major players, followed by expansion. These strategies have helped them to increase their presence in different regions.

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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.

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.

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.

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Market Leaders in Food Disinfection Market

The global food disinfection market size is estimated to be valued USD 12.2 billion in 2020 and is expected to reach a value of USD 14.9 billion by 2025, growing at a CAGR of 4.1% during the forecast period. Factors such as an increase in instances of foodborne diseases and outbreaks, rise in awareness about food safety among consumers, and increase in demand for environment-friendly solutions, is driving to the growth of the food disinfection market.

Key players in this market include Solvay (Belgium), Neogen Corporation (US), Evonik Industries (Germany), Ecolab (US), BASF SE (Germany), Diversey, Inc (US), and Kersia Group (France), Thatcher Company (US),) CCL Pentasol (UK), Rentokil (US), and Entaco N.V. (Belgium), Sanosil Ltd. (Switzerland), Stepan Company (US), Acuro Organics Limited (India), Deluxe Chemicals (US), and Finktech GmbH (Germany).

New product launches, acquisitions, and joint ventures were the key strategies adopted by the leading players in the food disinfection market with a view to improve their product line and presence in the market.

Ecolab (US) is a US-based company and among the market leaders that are primarily involved in developing and offers services, technology, and systems specifically for water treatment, purification, and cleaning for a wide variety of applications. The company majorly operates through four business segments: global industrial, global institutional, global energy, and others. The company offers its services and technology for various industries such as foodservice, food processing, chemical processing, mineral & mining processing, pulp & paper, power generation, manufacturing & transportation, life sciences, hospitality, healthcare, industrial, and oil & gas industry. Under its global industrial segment, it offers detergents, cleaners, sanitizers, lubricants, cleaning systems, and electronic dispensers to cater to the food & beverage industry.

Ecolab has a wide geographic reach, and its products are available in more than 170 countries. The company has research facilities in countries such as Brazil (Campinas), the Netherlands (Leiden), India (Pune), UAE (Dubai), France (Lille), Germany (Monheim), and China (Shanghai).

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Evonik Industries (Germany) is among the leading specialty chemical company, which operates through business segments, such as nutrition & care, performance materials, resource efficiency, and services (technology and infrastructure). The resource efficiency segment offers a variety of peracetic acid disinfectants through its brand, PERACLEAN, particularly for food packaging materials and food processing equipment. This segment focuses on manufacturing specialty additives, which find various applications in the automotive, coating, construction, paints, and adhesives industries. In March 2017, Evonik expanded its product portfolio of disinfectants by introducing PERACLEAN 22 CW after it was approved by the USDA and FDA. The product finds application in the meat and poultry processing industry. Thus, it will help the company to strengthen its product portfolio.

The company has a strong geographic presence in various regions such as Asia Pacific, North America, Central & South America, and Europe. With more than 26,000 patents, the company has a presence in more than 100 countries and operates production plants in more than 25 countries. With a strong R&D base, the company is focused on developing innovative products for various segments.

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Plant-based Protein Market Size, Share and Forecast 2020-2026

The plant-based protein market size is projected to grow from USD 10.3 billion in 2020 to USD 14.5 billion by 2025, recording a compound annual growth rate (CAGR) of 7.1%, in terms of value during the forecast period. Plant protein refers to the derivation of protein from plant-based sources such as pulses and grains. Different sources of plant-based protein include soy, wheat, pea, canola, rice, potato, and oats. Proteins are polymers of amino acids, which are used in various applications for their nutritional and functional properties. Their potential to increase the nutritional level and the resultant healthy diet makes them one of the key ingredients in both food and feed industries.

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Market Dynamics:

Drivers: Rise in demand for wellness-focused organic food & beverages

The changing consumer preferences have showcased a growing consumer shift toward adapting to a more nutritional diet centered towards a more sustainable lifestyle and lower dependency on animal proteins. A considerable percentage of the millennial population in Western countries has been observed regarding their changing food habits as consumers move from conventional animal-based products to organic and plant-based food products as an ideal food solution. In recent years, the adoption of plant-based food & beverages among the consumers has been higher due to the broader scope of product availability, improved product developments and innovation into plant-based proteins and a broader scope of available alternatives and substitutes.

Restraints: Allergies associated with plant-based protein sources

Plant-based food & beverages have functional health benefits and consist of essential minerals; however, in several cases, the consumption of select sources, such as soy and wheat, has been identified as allergens resulting in cautious consumer acceptance. Soybeans have s strong nutrient content profile including, vitamins, minerals, and proteins; however, antinutritional components present in soy could cause allergies. According to the Cleveland Clinic, soy is one of the “Big Eight” allergens, along with cow’s milk, eggs, peanuts, tree nuts, wheat, fish, and shellfish, responsible for 90% of all food allergies. A soy allergy occurs when the human immune system mistakes the harmless proteins found in soy as harmful and produces antibodies to combat them. Moreover, soy protein has large quantities of phytic acid, which has the potential to block the absorption of essential minerals, such as calcium, magnesium, copper, iron, and zinc. Soy allergy could also lead to itching and hives in humans. The other aspect is of gluten allergy, which commonly occurs in wheat proteins exhibiting a similar set of characteristics, which has had an impact on the growth prospects of both protein sources.

Opportunities: Rise in demand for food & beverages with organic Ingredients

The organic plant-based protein market has the potential to change the business landscape in the overall plant protein ingredients market. According to the Research Institute of Organic Agriculture (FiBL), “a total of 71.5 million hectares were organically managed at the end of 2018, representing a growth of 2.9 percent or 2 million hectares compared to 2017, the largest growth ever recorded.” In 2018, 2.8 million organic producers were reported globally, and India continues to be dominant with the highest number of producers. Growth of the organic food products market is also expected to boost the growth of the organic plant-based protein ingredients market.

Challenges: Concerns over source quality in food and beverage products due to the use of genetically modified crops

Soy, wheat, and pea are among the prominent sources used in the processing and production of plant-based proteins and are produced primarily in countries such as Brazil, the US, Canada, China, and India. These countries also represent a key portion of the demand for plant-based food & beverages among consumers. However, to meet the growing demand for various plant-based protein sources, farmers often grow genetically modified (GM) crops, which is often seen unfavorably by consumers. To that effect, non-GMO soybeans are primarily used for human consumption, whereas the GM soybeans are found mostly in livestock feed. However, producers are focusing their efforts on the production of non-GMO soybeans, resulting in a higher cost of production, often resulting in lower margins during sales.

The food segment is projected to account for the largest market share in the plant-based protein market during the forecast period.

The pea-based protein market is projected to grow at a higher CAGR during the forecast period.

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

The prominent vendors in the plant-based protein market include DSM (Netherlands), Kerry Group (Ireland), ADM (US), Roquette Freres (France), Cargill (US), Glanbia (Ireland), DuPont (US), Ingredion (US), Emsland Group (Germany), Puris (US), Cosucra Group (Belgium), Batory Foods (US), Burcon Nutrascience (Canada), AGT Food & Ingredients (Canada), and Axiom Foods (US)

Enzymes Market Insights with Trends and Future Opportunities

The enzymes market is estimated to be 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% in terms of value. The advancements in enzyme engineering and other technologies have led to the growth of the enzymes market. In addition, the depletion of non-renewable resources has led to an increase in environmental concerns among people and the increasing importance of manufacturing biofuels.

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Novozymes (Denmark) is a major bio-innovation company providing biological solutions, which involves the application of enzymes and microbes. The company offers various products, which cater to industries, such as household care, food & beverage, bioenergy, agriculture & feed, and technical & pharma. The company also offers products for bioenergy, which converts plant materials and waste into biofuels. Novozymes has been introducing new products for making its product portfolio diverse. In addition, the company is focused on expanding its global presence to prosper in the enzymes market. The company has been catering to all the major regions, such as North America, Latin America, Asia Pacific, Europe, the Middle East, and Africa. It focuses on innovation activities to identify new opportunities in the enzymes market.

*BASF (Germany) *is a global chemical manufacturing company and specializes in catering to segments, such as chemicals, performance products, functional materials & solutions, agricultural solutions, and others. Along with this, the company has been investing mainly in biotechnology and large-scale production of enzymes. The strategies that are being adopted by BASF to be a market leader in the enzymes market are collaborations and expansions. In addition, to make its product portfolio diverse, the company has been focusing on launching new products. BASF has three global research divisions, which are operated from Europe, Asia Pacific, and North America. The company has its presence across the globe in regions, such as North America, Europe, Asia Pacific, South America, and Africa.

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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By type, the enzymes market is segmented into carbohydrase, proteases, lipases, polymerases & nucleases, and other enzymes. The carbohydrases segment is further segmented into amylases, cellulases, and other carbohydrates. This segment is estimated to account for a significant share in the enzymes market, as carbohydrase, such as amylase and cellulase, is used significantly for industrial applications such as food & beverages, textiles, and pulp & paper industries.

Collagen Market – Top Driving Factors And Future Trends 2023

According to the new market research 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", published by MarketsandMarkets™, 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 gelatin segment is estimated to account for the largest share in the collagen market.

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.

Browse in-depth TOC on "Collagen Market"

95 – Tables
34 – Figures
125 – Pages

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

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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. 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.

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Meat Substitutes Market Size, Dynamics, Growth Rate and Forecast

The report "Meat Substitutes Market by Source (Soy protein, Wheat protein, Pea protein), Type (Concentrates, Isolates, and Textured), Product (Tofu, Tempeh, Seitan, and Quorn), Form (Solid and Liquid), and Region - Global Forecast to 2026", is projected to reach USD 3.5 billion by 2026, from USD 1.6 billion in 2019, recording a CAGR of 12.0% during the forecast period. The rising awareness about plant-based meat and increasing health-cautiousness due to increasing obesity are projected to drive industry growth during the forecast period.

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*The tofu product segment is estimated to dominate the meat substitutes market due to the increasing acceptance of them among plant-based meat manufacturers *

Tofu has been traditionally considered a meat substitute in many countries. This is due to its low cost and easy availability. Tofu also resembles the taste of meat and helps to replace pork, chicken, and beef products. Moreover, it also has a high nutritious value, the rising awareness about which is also propelling the market. In a few clinical studies, tofu is proved to provide protection against cancer, heart diseases, and also helps in lowering the levels of bad cholesterol or low-density lipoprotein. Thus, these factors are dominating the tofu segment globally.

The demand for pea protein, as a source, to remain high during the forecast period

The market for pea proteins as a source of meat substitutes projected to grow at the highest CAGR during the forecast period; the projected growth is owing to the high nutritious value that pea protein. Furthermore, the rise in disposable income among the increasing middle-class population of Europe is facilitating more expenditure on the premium, highly-priced, and pant-based meat products. Hence, the growing demand for vegan products in the region is expected to fuel the growth of pea protein meat substitutes.

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With the increasing demand for plant-based meat, North America is estimated to dominate the meat substitutes market

The changing lifestyle and increasing buying power of consumers have increased the demand for meat substitutes. The growth of the region is owing to the increasing sale of plant-based meat products in North America and the rising acceptance of convenience foods among consumers due to their hectic lifestyles. Also, the inclination of the millennial population toward ready-to-eat foods drives the North American processed food market, which, in turn, is driving the demand for global meat substitutes.

In recent years, the rise in innovation in plant-based meat products has also been seen in the US. This factor is also expected to propel the market growth. Major companies of this region, such as Cargill (US) and ADM (US), are highly focusing on innovations to provide better products to their customers.

This report includes a study of the development strategies of the leading companies. The scope of this report consists of a detailed study of meat substitute manufacturers, such as Cargill, (US), Archer Daniels Midland Company (US), DuPont (US), Ingredion (US), Axiom Foods (US), MGP Ingredient (US), A&B Ingredients (US), and Puris (US).

Industrial Enzymes Market – Emerging Industry Trends and Major Leaders

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.

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.

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By application, the food & beverages segment is projected to account for the largest share in the industrial enzymes market during the forecast period

The demand for industrial enzymes is increasing significantly due to the increasing application of enzymes in the food & beverage industry. The food & beverage applications considered for this study include meat processing, dairy products, beverages, bakery products, nutraceuticals, and other food products (such as processed fruits & vegetables, processed food, and vegetable oil processing). Enzymes used in the food & beverage industry are distinguished into food additives and processing aids. However, most enzymes used in food & beverage products are considered as processing aids, and only a few are used as additives, such as lysozymes and invertases.

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).

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Frozen Bakery Products Market Growth Factors, Ongoing Trends and Key Players 2026

Frozen bakery products market is projected to reach USD 29.5 billion by 2026, from USD 22.3 billion in 2021, at a CAGR of 5.8% during the forecast period. The busy lifestyle of consumers has contributed to the growth of the bread manufacturing industry to produce new products that could cater to the rise in demand from consumers. The increase in consumption of frozen bakery products in the emerging markets of Asia Pacific and Latin America has also led to a rise in the sales of frozen bakery products. The demand for frozen bakery products in developing regions is driven by the increase in disposable income.

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Cakes & pastries are the major by type segment having the highest CAGR of the frozen bakery products market during the forecast period.

By distribution channel, the conventional stores dominated the frozen bakery products market in 2020.

Asia Pacific region is projected to witness the highest growth in the frozen bakery products market by 2026.

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