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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth emerging opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of globalFortune 1000 companies as clients.
The Global Wheat Protein Market report is categorized by Application (Pet Food, Nutritional Bars, Processed Meat, Meat Analogs), Form (Dry, Liquid), and Region. COVID-19 impact on Wheat Protein market
Pesticide Inert Ingredients Market research report categorizes the global market by Source (Synthetic and Bio-based), Form (Dry and Liquid), Pesticide Type (Herbicides, Insecticides, Fungicides, and Rodenticides), Type (Emulsifiers, Solvents, and Carriers), and Region
Frozen Food Market Scope, Size, Share, Competitors & Latest Developments in the Frozen Food market. Get detail insights of COVID-19 Impact on Frozen Food Market.
Starter Culture Market report categorizes the Global market by Microorganism (Bacteria, Yeasts, Molds), Application (Dairy & Dairy-based Products, Meat & Seafood), Composition (Multi-strain Mix, Single Strain, Multi-strain), Form, and Region. Impact of COVID-19 on Starter Culture Market get report today.
The report "Carotenoids Market by Type (Astaxanthin, Beta-Carotene, Lutein, Lycopene, Canthaxanthin, and Zeaxanthin), Application (Feed, Food & Beverages, Dietary Supplements, Cosmetics, and Pharmaceuticals), Source, Formulation, and Region - Global Forecast to 2026" The carotenoids market is projected to grow from USD 1.5 billion in 2019 to USD 2.0 billion by 2026, recording a compound annual growth rate (CAGR) of 4.2% during the forecast period. The major factors driving the growth of the carotenoids market include the growing use of carotenoids in preventive healthcare and as a food colorant in the feed industry.
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By application, the feed segment is estimated to account for the largest market share in 2019 in the carotenoids market
Carotenoids are extensively used in animal nutrition products due to their coloring properties and are incorporated in feed to pigment the egg yolks, broiler skin, fishes, and crustaceans. These also help in increasing the immunity and improving the health of livestock by enhancing the quality of nutrition. The fertility of cattle, swine, and horses can be improved by feeding beta-carotene, whereas astaxanthin and canthaxanthin help in improving the growth of salmons and larval fishes.
The beadlet segment in the carotenoids market is estimated to dominate the market in 2019
On the basis of formulation, the beadlet segment is estimated to dominate the carotenoids market in 2019. Carotenoid beadlets are free-flowing spherical particles developed from spray drying technology. They are usually packed in an aluminum foil bag and stored in a cool and dry place away from direct light, oxygen, and heat. Some of the other major benefits of using beadlet formulations include increased stability, cold water dispersion, and enhanced of shelf life.
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The Asia Pacific region is projected to grow at the highest CAGR during the forecast period.
The Asia Pacific region is projected to grow at the highest CAGR in the carotenoids market during the forecast period. This is due to the growing application of carotenoids in the health supplements, as they are rich in protein, vitamin, iron, manganese, and antioxidants, which help in preventing cardiovascular diseases and maintaining weight. Asia Pacific offers profitable growth opportunities to manufacturers and suppliers of carotenoids as the processing of carotenoids is cheaper in this region and witnesses a high demand in this region.
The prominent vendors in the carotenoids market include Koninklijke DSM (Netherlands), BASF (Germany), Chr. Hansen (Denmark), Kemin Industries (US), Lycored Limited (Israel), Cyanotech Corporation (US), Fuji Chemical Industry Co Ltd. (Japan), Novus International (US), DDW The Color House (US), Dohler Group (Germany), Allied Biotech Corporation (Taiwan), E.I.D Parry (India), Farbest Brands (US), Excelvite Sdn. Bhd. (Malaysia), AlgaTechnologies Ltd. (Israel), Zhejiang NHU Co. Ltd (China), Dynadis SARL (France), Deinove SAS (France), Vidya Europe SAS (France), and Divi’s Laboratories (India).
The report "Benzenoid Market by Type (Benzyl Acetate, Benzoate, Chloride, Salicylate, Benzaldehyde, Cinnamyl, Vanillin), Application (Soaps & Detergents, Food & Beverage, Household Products), and Region – Global forecast to 2025", size is estimated to be USD 651 million in 2020 and is projected to reach USD 857 million by 2025, at a CAGR of 5.6% during the forecast period. The market is being strongly driven by soaps & detergents industry, which is witnesses a high demand. With newer premium products coming up in the market and unique fragrance blends, their demand is projected to grow in the market in the near future.
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COVID-19 Impact on the Global Benzenoid Chemicals Market
Amid the spread of COVID-19 pandemic the market kept receiving stable demands from end use sectors such as soaps, detergents, personal care products, household products, pharmaceuticals and hygiene products. This was due to the rising concerns of hygiene amongst the populations. Most of the manufacturers were able to maintain the continuity if their operations after a lockdown of brief time period and recover their production and sales which is estimated to keep the market stable in the unprecedented economic scenarios globally. As reported by IFRA (International Fragrance Association) 10-15% of the raw materials used in fragrance come from China and around a quarter for some companies. While China recovers, India’s lockdown presents new challenges to the fragrance market and other countries, like Brazil, may be the next to be affected. According to the primary insight the demands from soaps and detergent industries also continued to remain stable during the period of the pandemic outbreak and is estimated to regain steady growth soon as the lockdowns ease.
Opportunity: Greater focus on R&D to develop unique and customized aroma compounds
It is estimated that fragrance manufacturers globally invest around 8% of their net sales in R&D. Consumer product manufacturers and retailers often rely on innovation from the fragrance industry to provide differentiation through technology, understanding of consumer trends, and sustainable production. A total of 139 new aroma chemicals, compounds, and formulations have been patented between January 2019 and September 2020, globally. The shifting flavour preferences of people especially after impositions of global lockdowns are estimated to drive the market for quality benzenoid chemicals in the near future.
Challenge: COVID-19 impact on supply chains impacting the overall production o benzenoid chemicals
Accoridng to the 2019 PWC report supply chains in the chemical industry are being disrupted by outbreaks in key regions, and demand may fall due to uncertainty in the global economy and capital markets. The industry is estimated to be potentially hit hard by the COVID-19 outbreak on numerous fronts such as lowered demand and productivity, operational and supply chain disruptions, potentially tightening credit markets. The chemical sector’s supply chain has historically been strongly dependent on China, which has been heavily impacted by the COVID-19 pandemic and instituted wide-ranging countermeasures as a result.
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Asia Pacific is estimated to be the largest market.
The Asia Pacific region is estimated to account for the largest share of the global benzenoids market in 2020. The rising income, purchasing power, rapid growth of the middle-class population, and consumer demand for processed products present promising prospects for growth and diversification in the region’s benzenoids sector. The European aroma chemicals manufacturers are gradually losing their market share, failing to compete with products from Asia (mainly from China), where labor costs are much lower and the quality control is constantly growing, imitating western technologies. Further, countries such as China, Japan, South Korea, and Indonesia are witnessing significant growth in the cosmetics, beauty, and personal care products markets. These rae expected to drice the growth from benzenoid chemiclas in the region.
Key players in this market include include major players such as BASF (Germany), Firmenich (Switzerland), Emerald Kalama Chemical (US), International Flavors & Fragrances, Inc. (US), Eternis Fine Chemicals (India), Symrise (France), Tennants Fine Chemicals Ltd. (England), Jayshree Aromatics Pvt. Ltd. (India), and Valtris Specialty Chemicals (US. These major players in this market are focusing on increasing their presence through expansions & investments, mergers & acquisitions, partnerships, joint ventures, and agreements. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.
Food Enzymes Market Size Research Report identifies new revenue opportunity in food and beverages segments. Global market report is segmented by Type, Source, Application,Formulation, and Region. Covid-19 impact on Food Enzymes Market.
The report "Nematicides Market by Type (Fumigants, Carbamates, Organophosphates, Bionematicides), Mode of Application (Fumigation, Drenching, Soil Dressing, Seed Treatment), Nematode Type (Root Knot, Cyst), Crop Type, Form, and Region - Global Forecast to 2025", size is estimated to be valued at USD 1.3 billion in 2020 and is expected to reach a value of USD 1.6 billion by 2025, growing at a CAGR of 3.4% during the forecast period. Factors such as the growing demand for biological products and increasing number of product launches catering to the requirement of crop-specific nematodes drive the growth of the market.
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COVID-19 impact on Nematicides market
The nematicides market includes major Tier I and II suppliers like Syngenta AG, Bayer AG, BASF SE, UPL Ltd,FMC Corporation, Marrone Bio Innovations and Isagro S.p.A. These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, and RoW. COVID-19 has impacted their businesses upto some extent. Though this pandemic situation has impacted their businesses, there is no significant impact on the global operations and supply chain of their nematicides. Multiple manufacturing facilities of players are still in operation.
Opportunity: Providing customized solutions targeted toward specific pests
With the growing environmental and pollution concerns and health hazards from many conventional agrochemicals, the demand for natural biologicals is rising steadily across regions. Customers are witnessing a high demand for new biological products such as bionematicides to use against nematodes on standing crops, which cause crop damages, thereby reducing the overall farm yield and quality. The use of biologicals and related alternative management products is increasing. R&D teams of major global players are also engaged in discovering target-specific innovative products by using biological insecticides, which promote organic agriculture.
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*North America to be the largest market for nematicides during the forecast period. *
The region is a host to some of the major players in the nematicides market such as BASF SE (Germany), Bayer AG (Germany), Syngenta (Switzerland), and Nufarm Ltd (Australia) who actively invest on new product launches that would cater to nematode attacks on field crops such as soybean, corn, and cotton which are majorly produced in countries such as the US and Mexico. The acreage which is being brought under field crops is growing due to increased international and domestic demand for these field crops. The adoption of genetically modified seeds has also increased the cases of nematode infestation on crops such as soybean and corn, thereby driving growth in the market.
Some of the major players operating in the market include Bayer AG (Germany), Syngenta Crop Protection AG (Switzerland), Corteva Agriscience (US), BASF SE (Germany), Adama Agricultural Solutions Ltd (Israel), FMC Corporation (US), Nufarm (Australia), UPL Limited (India), Isagro Group (Italy), Valent USA (US), Chr. Hansen (Denmark), Certis USA LLC (US), Marrone Bio Innovations (US), American Vanguard Corporation (US), Crop IQ Technology (UK), Real IPM Kenya (Kenya), Horizon Group (India), Agri Life (India), Crop IQ Technology Ltd (UK), and T. Stanes & Company Limited (India).
The report "Biofertilizers Market by Form (Liquid, Carrier-Based), Mode of Application (Soil Treatment, Seed Treatment), Crop Type, Type (Nitrogen-Fixing, Phosphate Solubilizing & Mobilizing, Potash Solubilizing & Mobilizing), Region - Global Forecast to 2025" The biofertilizers market is projected to reach USD 3.9 billion by 2025, from USD 2.3 billion in 2020, recording a CAGR of 11.6% during the forecast period. Rising awareness about the hazards of chemical fertilizers among consumers, soil degradation, nitrate emissions, along with government initiatives, is projected to witness significant growth during the forecast period.
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The biofertilizers market includes domestic companies suppliers like Madras fertilizers Ltd, National Fertilizers company Ltd, Jaipur Biofertilizers and Varsha Biosciences Biotech Pvt Ltd. These suppliers have their manufacturing facilities mainly across single region. Though COVID-19 has impacted their businesses as well but there is no significant impact on the supply chain of their biofertilizers. Multiple manufacturing facilities of players are still in operation. Due to supply chain disruptions, labour shortage, closure of food outlets, the supply hasn’t been able to cross the regional and national borders. But due to the increasing demand for food, will increase the production area in the future, once the crisis comes to standstill. However, the demand for biofertilizers is yet to increase after government relaxations.
Driver: Growth in the organic food industry
Consumers, nowadays, are becoming highly concerned about food safety issues, the rising residue levels in food, and environmental issues, due to the rising concerns about their health. This rise in awareness has induced them to prefer chemical-free food products. With the outbreak of COVID-19 pandemic, people have become more conscious about healthy organic food products, which has driven the market growth of biological inputs, such as biofertilizers. These factors have increased organic retail sales in many countries, such as the US, Germany, China, Switzerland, and Denmark.
Constraint: Environmental and technological constraints
Biofertilizer products have a limited shelf-life and run a high risk of contamination. The microorganisms used as biofertilizers become non-viable when exposed to high temperature. Therefore, it is very important to store them in a cool and dry place. The major problem in the agricultural inoculation technology is the survival of microorganisms during storage; other challenges revolve around several parameters such as culture medium, physiological state of the microorganisms when harvested, dehydration process, rate of drying, temperature maintenance during storage, and water activity of inoculants. These challenges influence the shelf-life of microbes.
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With the increasing demand for organic food products, North America is estimated to dominate the biofertilizers market in 2020
Changing lifestyle and increasing buying power among consumers has increased the demand for biofertilizers. High adoption of advanced irrigation systems such as drip & sprinkler irrigation and widespread acceptance of biofertilizers among the farmers is further propelling the market growth. The farmers in this region are highly skilled in terms of knowledge and machinery. Due to the rampant use of chemical fertilizers, the fertility of the soil is declining. To maintain soil fertility as well as the yield of crops, farmers are sustainably opting for biofertilizers.
This report includes a study of the development strategies of leading companies. The scope of this report consists of a detailed study of biofertilizer manufacturers such as Novozymes (Denmark), Kiwa-Biotech (China), Rizobacter Argentina S.A (Argentina), Lallemand Inc. (Canada) and Symborg (Spain).
The report "Plasma Feed Market by Source (Porcine, Bovine, and Others), Application (Swine Feed, Pet Food, Aquafeed, and Others (Includes Ruminant and Poultry Feed)), Region (North America, Europe, Asia Pacific, and Rest of the World) - Global Forecast to 2025" The plasma feed market is projected to reach USD 2.9 billion by 2025, from USD 2.1 billion in 2019, at a CAGR of 5.7% during the forecast period. The use of animal-derived plasma proteins as the replacement for antibiotics in feed drives the market for plasma feed.
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Growing demand for high-quality pet food is one of the major factors affecting the growth of the plasma feed market during the forecast period.
The trend for the use of natural and bioactive products is very prevalent in the pet food industry. This is attributed to factors such as the expansion of the pet population, and customer attitudes toward their pets as companions or family. Additives play a significant role in enhancing the quality of feed for pets. Keeping the concerns of pet owners in mind, many companies are coming up with the feed products made up of naturally sourced ingredients. The increase in demand for naturally sourced pet food has resulted in the inclusion of animal-based plasma proteins as one of the major ingredients in pet food.
By source, the porcine segment dominated the plasma feed market in 2018.
A large number of swine slaughtered has led to a steady supply of blood plasma for the plasma manufacturers, due to which porcine was the dominant segment for plasma feed in 2018. According to FAO 2019, the rise in overall meat demand resulted in a higher share of pigs slaughtered in the livestock agriculture industry. USDA ERS projected that US pork export would reach 6.7 billion pounds by 2020, almost 7% above than the estimation of 2019. This resulted in the development of plasma feed products sourced, majorly from porcine.
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The Asia Pacific is projected to account for the largest market share during the forecast period
The Asia Pacific plasma feed market is projected to be the largest between 2019 and 2025 and is expected to grow at the highest CAGR during the same period. The steadily improving economy has been driving the overall meat food market in the region, which has, in turn, been boosting the plasma feed market as well. According to the Food and Agriculture Organization (FAO), the demand for livestock products has grown in this region in recent years. For instance, meat consumption has grown at a rate of 5 % and for dairy products at a rate of 3.5-4% per year. The increased demand for pork in the region, along with the rise in the consumption of beef in China is expected to increase the number of slaughters, which can eventually improve the market suppply need for plasma feed manufacturers.
Key Market Players:
Key players in plasma feed market include Darling Ingredients Inc. (US), The Lauridsen Group Inc. (US), SARIA Group (Germany), Sera Scandia (Denmark), Lican Food (Chile), Puretein Agri LLC. (US), Veos Group (Belgium), Kraeber & Co Gmbh (Germany), Rocky Mountain Biologicals (US), Lihme Protein Solutions (Denmark), EcooFeed LLC (US), and FeedWorks (Australia).
These players are undertaking strategies such as new product launches and acquisitions to improve their market positions and extend their competitive advantage.
The report "Animal Disinfectants Market by Type (Iodine, Lactic Acid, Hydrogen peroxide, Phenolic Acid), Application (Dairy Cleaning, Swine, Poultry, Equine, Dairy and Ruminants, Aquaculture), Form (Liquid, Dry), and Region - Global Forecast to 2025", The animal disinfectants market is projected to reach USD 4.4 billion by 2025 and was estimated at USD 2.9 billion in 2019, recording a CAGR of 6.9% from 2019. The major factors driving the animal disinfectants market include the increasing incidences of diseases in livestock. In addition, increasing introduction of regulations pertaining to animal hygiene across the globe reflects positively on the market growth.
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The iodine segment is projected to grow at the highest CAGR in the animal disinfectants market during the forecast period.
The iodine segment is projected to be the fastest-growing segment as many forms of iodine are used in disinfectants for animal health and food processing. The natural properties of iodine ensure its applicability in other applications, including biological applications. Iodine is increasingly available in seaweeds, which are its most common commercial source.
The liquid segment is projected to witness the highest growth in the animal disinfectants market during the forecast period, due to the increased logistical advantage associated with the segment.
The liquid segment is projected to record the highest CAGR during the forecast period. Liquid animal disinfectants are highly effective against different types of virulent organisms. Additionally, liquid disinfectants include a wide range of applications, including footbaths, foot dips, foam-based sprays, aerial disinfection, and water-system disinfection procedures. These disinfectants also differ on the basis of the chemical concentrate and their application. Due to these factors, the liquid segment is projected to record the fastest growth during the forecast period.
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Asia Pacific is projected to account for the fastest-growing region in the animal disinfectants market during the forecast period
The Asia Pacific market accounted to grow at the fastest rate in the animal disinfectants market. This is attributed to the presence of a large base of livestock population in the region and a low level of alternative solutions available in the region. Further, rising incomes, increasing purchasing power, and the imposition of mandates on the usage of animal disinfectants are projected to offer promising prospects for the growth and diversification of animal disinfectants in the region.
Key Market Players:
Key vendors in the global animal disinfectants market include Neogen Corporation (US), GEA Group (Germany), Zoetis Inc. (US), Lanxees AG (Germany), Kersia Group (France), Virox Animal Health (US), CID Lines (Belgium), Theseo Group (France), Evans Vanodine (UK), Krka (Slovenia), Diversey Inc. (US), Evonik Industries (Germany), Fink-Tec GmbH (Germany), Laboratoire M2 (Canada), and DeLaval Inc. (Sweden). These players have broad industry coverage and strong operational and financial strength; they have grown organically and inorganically in the recent past.
The report "Food Inclusions Market by Type (Chocolate, Fruit & Nut, Cereal, Flavored Sugar & Caramel, Confectionery), Application (Cereal, Snacks, and Bars, Bakery, Dairy & Frozen Desserts, Chocolate & Confectionery), Form, Flavor, and Region - Global Forecast to 2023", The market for food inclusions is estimated at USD 10.74 billion in 2018; it is projected to reach USD 15.78 billion by 2023, at a CAGR of 8.0%.
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Inclusions are extra ingredients that are added to food products to improve the aesthetics and organoleptic & sensory properties of food products, resulting in an enhanced appeal. Owing to the growing industrial demand, various types of inclusions have been introduced by market players in different forms and characteristics that cater to and comply with end-consumer demand in terms of flavor, texture, and allergen & health concerns, among others.
The global market, by application, was dominated by cereal products, snacks, and bars in 2018. Food inclusions, with their ability to enhance organoleptic properties and nutritional profile, are ideal ingredients for addition in cereal products, snacks, and bars, as they enhance product appeal. Consequently, inclusions are significantly consumed for use in products in this category, as their content has become the unique selling proposition (USP) and core factors of product marketing.
The nut form of food inclusions is projected to grow at a higher CAGR between 2018 and 2023. Nuts are popular among end consumers and largely used in major food & beverage applications, including bakery, chocolate & confectionery products, dairy & frozen desserts, cereal products, snacks & bars, and beverage products. Furthermore, the addition of nuts not only adds to the flavor and texture but significantly contributes toward the nutritional aspects of food & beverage products, which drives the growth of nut form in the food inclusions market.
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The Asia Pacific region is projected to be the fastest-growing market for food inclusions over the next five years, owing to an increase in overall economic growth, with diversity in income levels, technology, and demand from end consumers leading to enhanced scope for future growth. The main countries contributing significantly toward the growth of the market in this region are China, Japan, and Australia & New Zealand. China has always been a huge consumer base for food products, due to its large population base. The increasing purchasing power of consumers, due to the economic development in China and the influence of the Western culture on the Chinese urban middle-class, has led to an increase in demand for high- & premium-quality food products.
In this region, countries such as China and Japan are expected to account for a major share of the market. India is projected to be one of the fastest-growing markets for food inclusions in the Asia Pacific region.
This report studies the marketing and development strategies, along with the product portfolios of leading companies such Cargill (US), ADM (US), Barry Callebaut (Switzerland), Kerry (Ireland), Tate & Lyle (UK), AGRANA (Austria), Sensient Technologies (US), Puratos Group (Belgium), SensoryEffects (US), Taura Natural Ingredients (New Zealand), Georgia Nut Company (US), Inclusion Technologies (US), Nimbus Foods (UK), IBK Tropic (Spain), TruFoodMfg (US), FoodFlo International (New Zealand), and Confection by Design (UK).
The integrated food ingredients market was valued at USD 56.66 billion in 2017 and is projected to grow at a CAGR of 4.9% from 2018, to reach USD 77.48 billion by 2023. The basic objective of the report is to define, segment, and project the global market size of the market on the basis of function, integrated solutions, and region. It will also help to understand the structure of the market by identifying its various segments. The other objectives include analyzing the opportunities in the market for the stakeholders, providing the competitive landscape of the market trends, and projecting the size of the integrated food ingredients market and its submarkets, in terms of value.
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Based on function, taste enhancers dominated the market in terms of value. The application of these integrated food ingredients in various applications such as dairy products, beverages, savories, and meat products enhance the taste of food products.
The ingredients segment, by application in beverages, accounted for the largest share of the global market in 2017. The increasing consumption of fruit juices, vegetable juices, and energy drinks has spurred the growth of natural integrated food ingredients.
The meat products segment, by flavors, accounted for the largest share of the global integrated food ingredients market in 2017. Integrated food ingredients are highly used in this industry to preserve meat for a longer period of time, which augments the growth of the meat export business of the country. These meat products are most widely consumed in North America, thus affecting the processed meat market in this region.
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Asia Pacific is projected to be the fastest-growing market for integrated food ingredients during the forecast period. The processed food industry in the Asia Pacific region is experiencing growth, owing to the changing lifestyles of customers. Additionally, the processed food market in the region is also highly dynamic in nature. Consumer preferences are constantly changing in response to rapid urbanization, diet diversification, and liberalization of foreign direct investment in the food sector. The rise in incomes, increase in purchasing power, and significant consumer demand for nutritional & healthy products are expected to provide promising prospects for the growth and diversification of the integrated food ingredient sector in this region. Food items such as breakfast snacks & savories, infant formula, confectionery products, and bakery & confectionery products are widely consumed in this region. They have intrinsic properties of integrated foods, which makes the consumers receptive to these products.
Players such as Cargill (US), Archer Daniels Midland (ADM) (US), Associated British Foods (UK), and Tate & Lyle (UK) have been actively strategizing their growth plans to expand in the integrated food ingredients market. These companies have a strong presence in Europe and North America, and also have manufacturing facilities and a strong distribution network across these regions.
The report "Food Coating Market by Ingredient Type (Batter, Flours), Application (Bakery, Snacks), Equipment Type (Coaters & Applicators, Enrobers), Form (Dry, Liquid), Mode of Operation (Automatic, Semi-Automatic), and Region - Global Forecast to 2023", The food coating ingredients and equipment markets are estimated to be valued at USD 2.73 billion and USD 1.93 billion, respectively, in 2018 and are projected to reach USD 3.62 billion and USD 2.31 billion, respectively, by 2023, at a CAGR of 5.8% and 3.7% from 2018 to 2023. The market is driven by factors such as rising demand for meat & seafood, poultry, bakery products, and confectionery products, growing demand for processed & convenience food, increased focus on production efficiency, processing time, and quality of food products, growing demand for innovative food coating products due to changing consumer trends.
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The semi-automatic mode of operation is expected to show the highest growth rate in the next five years.
The semi-automatic segment is projected to grow at the highest growth rate in the next five years. Semi-automatic food coating equipment is usually adopted by small- and medium-scale manufacturers, as their production scale is limited. Developing countries in the Asia Pacific and South American regions that have a large number of small and medium manufacturers of food processing products utilize semi-automated equipment. Limited investment capacity and high labor availability are the major drivers that have led to the use of semi-automated equipment in these regions.
Liquid coating is expected to account for the largest market share in the food coating ingredient market.
Liquid coating is used in formulations of bakery products, flavored nuts, ice cream coatings, granola bars, and confectioneries such as candy bars. Coatings include fat-based formulations that are melted and applied to solid food products such as nuts, cakes, doughnuts, cookies, sugar wafers, ice cream bars, and fruit pieces by manufacturers for the addition of flavors. For instance, liquid food coating ingredients such as batter are used in products such as chicken nuggets and wings. Batter coatings add color, flavor, texture, and extend the shelf life of these products, thus boosting the demand for liquid food coating ingredients in the region.
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North America is estimated to dominate the food coating ingredient market in 2018.
North America is expected to continue its dominant presence in the food coating ingredients market during the forecast period. The region is backed by superior food coating technologies and utilizes automatic equipment for coating food ingredients. Consumers in the US and Canada majorly consume salty snacks such as potato chips, which need dry coating. Apart from this, these countries consume frozen food that requires coating for an extended shelf life. Consumers in this region opt for cereal as breakfast options where coating is applied. The US is also a huge market for confectionery products. These factors have fueled the growth of the food coating market in North America.
This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes profiles of leading companies such Marel (Iceland), GEA Group (Germany), Bühler AG (Switzerland), JBT Corporation (US), TNA Australia Pty Limited (Australia), Clextral (France), Dumoulin (France), Spice Application Systems (UK), Cargill (US), Kerry Group (Iceland), Tate & Lyle Plc (UK), Newly Weds Foods (US), PGP International (US), Archer Daniels Midland Company (US), Ingredion Incorporated (US), and Bowman Ingredients (UK).
The report "Feed Acidifiers Market by Type (Propionic Acid, Formic Acid, Lactic Acid, Citric Acid, Sorbic Acid, Malic Acid), Form (Dry, Liquid), Compound (Blended, Single), Livestock (Poultry, Swine, Ruminants, Aquaculture), and Region - Global Forecast to 2023" Over the years, the production pattern in the feed industry has transformed in tandem with the health requirements of livestock. For improved growth and efficiency of livestock, rearers included antibiotics as additives in feed. However, the use of antibiotics as feed additives impacts the health of animals, which, in turn, affects the health of consumers adversely. Due to the adverse effects on the health of consumers, the EU has imposed a ban on the use of antibiotics. This ban has encouraged rearers to opt for cost-effective and health-enriching alternatives such as feed acidifiers. According to MarketsandMarkets, the feed acidifiers market is projected to account for a value of USD 3.5 billion by 2023, recording a CAGR of 5.1%.
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By livestock, the poultry segment is projected to dominate the feed acidifiers market during the forecast period.
By livestock, the feed acidifiers market is subsegmented into poultry, swine, ruminants, aquaculture, and others. The poultry segment is projected to dominate the feed acidifiers market during the forecast period. Poultry currently accounts for the largest meat production segment in the global meat industry. Broilers, layers, and breeders that are domesticated to produce eggs and meat for commercial consumption are considered as “poultry.”
By type, the propionic acid segment is projected to dominate the feed acidifiers market during the forecast period.
Propionic acid stands as the most widely used feed acidifier in the market. Being an organically sourced acidifier, its usage as a feed additive remains a favorable one, as it is safe for consumers, animals, and the environment alike. Even when used as a chemical preservative, the acid is a generally recognized safe (GRAS) substance by the USFDA, when used in accordance with the Feed Additive regulation, and as a good manufacturing or feeding practice.
As a feed additive, propionic acid is majorly used as a dietary supplement and as a source of nutrition. Propionic acid is also used in the ensiling process for poultry feed, as it improves silage production and provides aerobic stability in silages. It also helps curb bacterial growth in molds, and hence, can also be used as a preservative in animal feed. The preservative effect of propionic acid thereby aids the prevention of feed nutrient losses and mycotoxin formation. Additionally, propionic acid also helps prevent fertility disorders, digestive problems, and immune deficiency in livestock. Such factors have helped propionic acid to maintain dominance in the feed acidifiers market.
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*The Feed Acidifiers Market To Record the Fastest Growth in South America During the Forecast Period *
As governments in the South American region focus on investing in the livestock sector, rearers in various countries of this region are allocating their budget to utilize feed acidifiers. Rearers are mainly focusing on improving the meat quality by utilizing feed acidifiers and offer GRAS-certified produce in the market. The demand for meat and poultry products is also projected to increase in parallel to the population growth and disposable income of consumers in this region. Due to these factors, the market in this region is expected to record the highest growth during the forecast period.
Leading players in the feed acidifiers market are adopting strategies such as product launches, acquisitions, expansions, and collaborations & divestments. Key players identified in this market include Yara International ASA (Norway), Kemira OYJ (Finland), BASF SE (Germany), Biomin Holding GmbH (Austria), and Kemin Industries Inc., (US).
Overall, the growth of the feed acidifiers market is projected to remain moderate during the forecast period. As the competition to offer effective feed acidifiers intensifies in the market, leading players to focus on expansions and collaborations to enhance their brand presence across regions and expand their customer base. These factors are projected to encourage high growth during the forecast period.
The report "Blood Meal Market by Source (Poultry, Porcine, and Ruminant), Application (Poultry Feed, Porcine Feed, Ruminant Feed, and Aquafeed), Process (Solar Drying, Drum Drying, Ring & Flash Drying, and Spray Drying), and Region - Global Forecast to 2025", The market for blood meal is estimated to be valued at USD 1.8 billion in 2019 and is projected to grow at a CAGR of 3.0% from 2019 to 2025, to reach USD 2.1 billion by 2025. The growing feed industry is one of the major factors driving the growth of the blood meal market, as feed plays a major role in the global food industry. The increasing use of blood meal ensures safe and nutritious feed for animals.
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By application, the poultry blood segment is projected to dominate the blood meal market during the forecast period.
The blood meal market, on the basis of application, is subsegmented into porcine feed, poultry feed, ruminant feed, and aqua feed. The demand for poultry products remains high in emerging countries of the Asia Pacific, resulting in the slaughter of animals. Thus, a large amount of blood is released from animals, creating opportunities for blood meal manufacturers. In addition, the rise in the consumption of poultry products in this region due to the increased demand for protein-rich foods is projected to drive the blood meal market in the coming years.
By source, the poultry blood segment is projected to dominate the blood meal market during the forecast period.
The poultry blood segment is estimated to account for the largest share in the blood meal market in 2019. Poultry blood is the most preferred raw material, which is used to produce blood meal due to its high amino acid content, particularly Lysine. Majority of the key players such as Boyer Valley (US), Valley Proteins Inc. (US), TerraMar Ingredients LLC (Chile), and FASA Group (Brazil) offer blood meal products that are made up of poultry blood meal.
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The Asia Pacific region is projected to account for the largest market size during the forecast period.
The Asia Pacific region is projected to account for the largest share in the market during the forecast. The growing population and urbanization have encouraged consumers to opt for animal-source foods, which are some of the key factors that are driving the Asia Pacific blood meal market.
This report includes a study of marketing and development strategies along with the product portfolios of leading companies in the blood meal market. It includes profiles of leading companies such as Darling Ingredients (US), Terramar (Chile), West Coast Reduction (Canada), Valley Proteins, Inc. (US), Ridley Corporation (Australia), Allanasons Private (India), The Boyer Valley Company (US), FASA Group (Brazil), Sanimax (Canada), APC, Inc. (US), and Apelsa Guadalajara (US).
The report "Food Processing & Handling Equipment Market by Type (Food Processing Equipment, Food Packaging Equipment, and Food Service Equipment), Application, Form (Solid, Liquid, and Semi-Solid), and Region - Global Forecast to 2025", The global food processing & handling equipment market is estimated to be valued at USD 137.2 billion in 2019 and is projected to reach USD 196.6 billion by 2025, growing at a CAGR of 6.2%. Advancements in the food processing & packaging equipment industry, innovation in processing technology, and continuous growth in the demand for processed food are some factors that are expected to support the growth of the food & beverage processing equipment market. With the growing preference for healthy food and functional foods, manufacturers are expected to adopt new equipment to fulfill the demand for healthy functional foods & beverages. The expansion of food manufacturing capacities and growth of the food processing industry in emerging economies are also expected to support the growth of the food processing & handling equipment market.
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By equipment type, the food processing equipmentsegment is estimated to account for the largest share in the food processing & handling equipment market in 2019.
Of the various equipment types, the food processing equipment segment is estimated to dominate the market in 2019. Companies are focusing on product innovations and providing innovative machinery to cater to the increasing demand from customers. The demand for food processing & handling equipment is growing with the growth of the food industry owing to the increasing consumption of foods such as meat products, bakery & confectionery products, prepared foods, and convenience foods. New technologies, such as non-thermal processing, are also being developed to support the manufacturing process by reducing production time, ingredient & food waste, and overall cost.
The bakery & confectionery products segment is estimated to account for the largest share in the market in 2019.
By application, the bakery & confectionery products segment is estimated to account for the largest share in the food processing & handling equipment market in 2019. Processing equipment such as industrial ovens, molders, formers, mixers, blenders, and cutters form an integral part of bakery & confectionery products manufacturing, and their high demand is mainly due to the highly fragmented bakery & confectionery market and high prevalence and demand for these products in both developed and developing countries. The demand for ultra-processed bakery products is high in developed countries such as the UK, Germany, the US, Canada, and Spain. These countries represent an established bakery industry and are experiencing a rise in the popularity of premium and innovative bakery products such as pastries, glazed & chocolate coated donuts, sugar & chocolate coated cookies, and chocolate pies. Such countries are focused on the production of bakery items to meet the increasing demand. This demand for bakery products is facilitating the increasing use of bakery processing equipment.
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The Asia Pacific market is projected to grow at the highest CAGR during the forecast period.
Asia Pacific is projected to be the fastest-growing regional market for food processing & handling equipment in 2019. The region is expected to experience a sharp rise in the demand for advanced food processing machinery that helps reduce processing time and enhance the efficiency of manufacturing operations. The expected growth in the number of food processing units in this region is further projected to boost the supply and consumption of food & beverage processing equipment. The food processing sectors in countries such as China, India, Australia, and New Zealand are export-oriented; also, the processing sector is of prime importance in these countries, as the players here are focusing on technology adoption and automation. This is expected to have a positive impact on the food & beverage processing equipment market in the region.
The key players in the market are GEA (Germany), Buhler Ag (Switzerland), Alfa Laval (Sweden), JBT Corporation (US), SPX FLOW (US), Robert Bosch (Germany), IMA Group (Italy), Middleby Corporation (US), and Dover Corporation (US), Robert Bosch (Germany), IMA Group (Italy), Tetra Laval (Switzerland), Multivac (Germany), Middleby Corporation (US), Welbilt, Inc. (US), and Electrolux (Sweden). These players, along with the other players, adopted various business strategies such as new product launches, expansions, and joint ventures & agreements in the last few years, to meet the growing demand for food processing & handling equipment market.
The report "Plant-based Beverages Market by Source (Almond, Soy, Coconut, and Rice), Type (Milk and Other Drinks), Function (Cardiovascular health, Cancer prevention, Lactose intolerance, and Bone health) and Region - Global Forecast to 2023", The plant-based beverages market is estimated at USD 11.16 billion in 2018 and is projected to reach USD 19.67 billion by 2023, growing at a CAGR of 12.0% from 2018 to 2023.
The growth of the plant-based beverages market is attributed to the rise in the number of companies penetrating this nascent market by adding plant-based beverage products based on almond milk, soy milk, and rice mik to their portfolio. In 2017, a major food manufcaturing company, Danone (US), acquired The WhiteWave Foods Company (US) to expand its presence in the plant-based beverages space. Apart from this, the rise in the trend of vegan diets, especially in countries such as the UK and the US, amidst the ethical concerns surrounding animal welfare, fats present in animal-based diets, and the usage ofantibiotics, has boosted the consumption of plant-based beverages in these countries.
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Objectives of the study are as follows:
Based on the source, the global market for plant-based beverages has been segmented into almond, soy, coconut, and rice. The almond segment dominated the market, in terms of value, in 2017. North America is one of the key markets for almond milk, owing to high almond production in this region. The Asia Pacific region is expected to be a major revenue-generating pocket for almond milk, owing to increased urbanization and the increasing number of high-income groups in the region. Consumers in this region are shifting toward natural and healthy food options to cope with their hectic lifestyles. This, in turn, has boosted the sales for plant-based beverages.
Based on type, the plant-based beverages market has been segmented into milk and other drinks. The milk segment is estimated to account for the larger share in the market for plant-based beverages in 2018. The increased demand for non-dairy milk, amidst the growing health concerns, has urged consumers to look out for alternate food options. Apart from this, the rising level of lactose intolerance, especially in the Asia Pacific population, is expected to be a major revenue pocket for plant-based beverage manufacturers in the coming years.
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The Asia Pacific market accounted for the largest share in the plant-based beverages market, in terms of value, in 2017. The region consists of key revenue pockets in countries such as China & Thailand, which are some of the key consumers of plant-based diet products. China is one of the largest consumers of soy milk, which is considered the most suitable alternative to dairy milk. Furthermore, the country’s leading dairy products manufacturer, Want Want China Holdings Limited, is expanding its base in the plant-based beverages space. Apart from this, Thailand is expected to be a key revenue pocket in coming years, with plant-based diets being one of the key trends in the country in 2018 as per the US Department of Agriculture (USDA).
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as The WhiteWave Foods Company (US), Blue Diamond Growers (US), Pacific Foods (US), Hain Celestial (US), SunOpta (Canada), Want Want China Holdings Limited (China), Kikkoman(Japan), Califia Farms (US), The Coca-Cola Company (US), Ripple Foods (US), WildWood Organic (US), and Pureharvest (Australia).
The snack pellets market is estimated to account for about USD 2.0 billion in 2018 and is projected to reach a value of about USD 2.5 billion by 2023, growing at a CAGR of 5.3% from 2018. The snack pellets market is highly impacted by innovations, as manufacturers are always introducing new ingredients, new variants, and processing techniques to meet the increasing demand and cater to changing consumer demands. The rise in on-the-go consumption has encouraged the savory snack manufacturing industry to produce new products that could meet these rising demands from the working-class consumers. In addition to this, the growing focus on facility expansion, marketing schemes, and information exchange programs for creating awareness to enhance the consumption of snack pellets have contributed to the growth of the market.
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High acrylamide content in snack foods is restraining growth of the market.
Snack pellets are further processed for consumption by frying or through the hot air expansion process. A critical issue faced by the snack pellets industry is the formation of acrylamide during frying. The asparagine and glucose present in the food form acrylamide when reacted in temperatures above 248°F. Acrylamide, when consumed in excess, can be carcinogenic and also affects the taste of the snack pellets. The presence of acrylamide has negatively impacted the growth of potato-based snack pellets. Thus, to decrease the acrylamide levels in potato-based snack pellets, frying at a controlled thermal input, vacuum condition, and flash frying ought to be implemented by the manufacturers. In recent years, companies such as Novozymes A/S (Denmark) have introduced enzymes that help in reducing the content of acrylamide and mask the insipid flavor. Another food player, J.R. Simplot Company (US), developed genetically modified (GM) potato varieties classified as Innate Generation 1 and Innate Generation 2, in 2014. The potato variety, Innate Generation 1, received safety approval in 2015, while the Innate Generation 2 received approval in 2017 from the US Food and Drug Administration (FDA). These potato varieties offer various benefits to the potato industry for key issues such as acrylamide formation in snack pellets, along with late blight disease, black spot bruising, sprouting, and shrinkage or loss of weight during storage. Hence, these potato varieties developed by the company contain less asparagine, which helps in the reduction of acrylamide formation at high temperatures. However, consumer perception of snack pellets having carcinogenic components restrains the market growth.
The gelatinized segment is projected to account for the largest market size during the forecast period.
On the basis of form, the snack pellets market is segmented into laminated, die-face, tridimensional, and gelatinized. Gelatinized pellets are uniform in thickness; and are generally flat, with holes on the surface. The thickness is essential for the maintenance of shape definition upon frying or toasting. Gelatinized pellets can be produced by using a specially designed high-speed rotary cutting machine, which sequentially and synchronously punches the holes and cuts the sheet into the desired shape. Hence, the gelatinized form of snack pellets in the food industry is witnessing growth.
The snack pellets market is witnessing a strong growth due to the increasing usage of twin-screw extruders in the snack industry.
Twin-screw extruders consist of two intermeshing and co-rotating screws mounted on splined shafts in a closed barrel. This equipment offers numerous advantages over single-screw extruders. As a result, these extruders witness an increasing demand from various manufacturers in the food processing industry. Twin-screw extruders have various possible configurations for producing different shapes of snack pellets with the help of counter-rotating screws, as compared to the single-screw extruders. These extruders also offer various advantages, such as extrusion of heat-sensitive products, rapid mixing characteristics, and reduced volatilization of flavors, to end users.
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North America is estimated to dominate the snack pellets market in 2018.
North America is estimated to account for the largest market share for snack pellets in 2018. Because of the abundant availability of raw materials and the presence of a strong food processing industry, North America holds the largest share of the snack pellets market, in terms of both volume and value. Additionally, snacks made from potatoes are highly preferred by consumers. These factors are responsible for the largest share of potato-based snack pellets in the region.
This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies in the snack pellets market. It includes the profiles of the leading companies such as Limagrain Céréales Ingrédients (France), Liven S.A. (Spain), Grupo Michel (Mexico), Leng dOr S.A. (Spain), and Pellsnack-Products GmbH (Germany).
The report "Food Ultrasound Market by Frequency Range (High-intensity and Low-intensity), Food Product (Meat, Beverages, F&V, Dairy, Bakery), Function (Microbial Inactivation, Quality Assurance, Homogenization, Cutting), and Region - Global forecast to 2022", The food ultrasound market was valued at USD 93.7 Million in 2017 and is projected to reach USD 134.6 Million by 2022, growing at a CAGR of 7.5%.
The market is driven by factors such as the increasing concerns regarding the product wastage during processing and maintaining the quality of the food product. The demand for ultrasound technology, particularly in meat processing, has witnessed an increase in the European and North American countries due to significant growth in the processed meat products industry.
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The objectives of the study are:
Ultrasound technology in food finds application in processes such as quality assurance, microbial (enzyme) inactivation, cutting, homogenization, cleaning, and others such as drying, mixing, freezing, thawing, crystallization, filtration, pickling, marinating, sterilization, fermentation, and pasteurization. Of these, quality assurance is the largest segment in the food ultrasound market, followed by microbial inactivation. In meat production, ultrasonic technology accelerates the process of margination and pickling.
The food ultrasound market for food, based on frequency range, is segmented into low-intensity high-frequency and high-intensity low-frequency. The frequency to be used is chosen according to the food product to be processed and the function to be performed. Processes such as cleaning, microbial inactivation, and cutting can be performed through both high as well as low ultrasound frequency depending upon the sensitivity of the product being processed and the function which has to be performed.
By food product, the market is segmented into meat & seafood, fruits & vegetables, beverages, dairy, bakery & confectionery, and others. Bakery & confectionery include chocolates, cakes, cookies, and other confectionery products. Meat & seafood processing is the prominent market for ultrasound technology. The demand for ultrasonic food processing is driven by the growing demand for process efficiency through shortened processing time and energy-saving technology.
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Significant growth for food ultrasound is observed in the Asia Pacific region.
The growth in this region is driven by China, India, and Japan, which has led manufacturers to adopt strategies such as geographical expansions and product launches in these regions. Manufacturers are opting for technological advancements in their practices through R&D to expand their business offerings and increase their profit margins. The demand for ultrasonic food processing is high in food manufacturing-based economies due to the adoption of the latest techniques for food processing to meet the growing food demand.
This report includes a study of the business strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as Bosch (Germany), Emerson (US), Bühler (Switzerland), Dukane (US), and Heilscher (Germany).
The report "Agricultural Testing Market by Sample (Soil, Water, Seed, Compost, Manure, Biosolids, Plant Tissue), Application (Safety Testing (Toxins, Pathogens, Heavy Metals), Quality Assurance), Technology (Conventional, Rapid), and Region - Global Forecast to 2022",agricultural testing market is estimated to be valued at USD 4.56 Billion in 2017, and is projected to reach USD 6.29 Billion by 2022, at a CAGR of 6.64%. The market is driven by stringent safety and quality regulations for agricultural commodities, increase in outbreaks of foodborne illnesses, and rapid industrialization leading to the disposal of untreated industrial waste into the environment.
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Spectrometry & chromatographic technologies contributed to the fastest growing rapid technology market in agriculture testing
The agricultural testing services market, by technology, has been segmented into conventional and rapid. The rapid technology segment is estimated to dominate the market in 2017, and is projected to grow at a higher CAGR by 2022. This can be attributed to low turnaround time, higher accuracy, sensitivity, and ability to test a wide range of bacteria in comparison to conventional technological methods.
The safety testing is projected to be the fastest growing market in application segment
The agricultural testing market, by application, has been segmented into safety testing and quality assurance. The global market, by application, was dominated by the quality assurance segment in 2016. The dominance of quality assurance in agricultural testing is attributable to the fact that it aids in proactively resolving major problems related to soil fertility, available water quality for irrigational facilities, and identifying required nutrients essential for a more robust growth and development of crops and other agricultural produce. The market for safety testing is projected to be the fastest-growing during the forecast period. Safety testing of agricultural samples is conducted to test samples for targets such as toxins, pathogens, heavy metals, pesticides, GMOs, and other organic contaminants. A growing importance given to safety laws for agricultural produce and food commodities is expected to boost the market for this segment during the forecast period.
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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 2017 to 2022. Major growth drivers of the region include increased adoption of advanced biotechnological methods and organic farming resulting in the need for agricultural testing, and an increase in the number of exports from the region, necessitating agricultural testing for the produce.
This report includes a study of marketing and development strategies, along with the services & product portfolios of leading companies. It includes the profiles of leading service companies such as SGS (Switzerland), Intertek (UK), Eurofins (Luxembourg), Bureau Veritas (France), ALS Limited (Australia), and TÜV NORD GROUP (Germany). It also includes profiles other players that also have significant share in this market such as Mérieux (US), AsureQuality (New Zealand), RJ Hill Laboratories (New Zealand), SCS Global (US), Agrifood Technology (Australia), and Apal Agricultural Laboratory (Australia).
The plasma feed market is estimated to be valued at USD 2.1 billion in 2019 and is projected to reach USD 2.9 billion by 2025, at a CAGR of 5.7% during the forecast period. The growth of the plasma feed market is driven by factors such as increasing demand for high-quality meat products coupled with the development of plasma feed as the replacement for antibiotics in the animal feed industry.
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Growing demand for high-quality pet food is one of the major factors affecting the growth of the plasma feed market during the forecast period.
The trend for the use of natural and bioactive products is very prevalent in the pet food industry. This is attributed to factors such as the expansion of the pet population, and customer attitudes toward their pets as companions or family. Additives play a significant role in enhancing the quality of feed for pets. Keeping the concerns of pet owners in mind, many companies are coming up with the feed products made up of naturally sourced ingredients. The increase in demand for naturally sourced pet food has resulted in the inclusion of animal-based plasma proteins as one of the major ingredients in pet food.
By source, the porcine segment dominated the plasma feed market in 2018.
A large number of swine slaughtered has led to a steady supply of blood plasma for the plasma manufacturers, due to which porcine was the dominant segment for plasma feed in 2018. According to FAO 2019, the rise in overall meat demand resulted in a higher share of pigs slaughtered in the livestock agriculture industry. USDA ERS projected that US pork export would reach 6.7 billion pounds by 2020, almost 7% above than the estimation of 2019. This resulted in the development of plasma feed products sourced, majorly from porcine.
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The Asia Pacific is projected to account for the largest market share during the forecast period
The Asia Pacific plasma feed market is projected to be the largest between 2019 and 2025 and is expected to grow at the highest CAGR during the same period. The steadily improving economy has been driving the overall meat food market in the region, which has, in turn, been boosting the plasma feed market as well. According to the Food and Agriculture Organization (FAO), the demand for livestock products has grown in this region in recent years. For instance, meat consumption has grown at a rate of 5 % and for dairy products at a rate of 3.5-4% per year. The increased demand for pork in the region, along with the rise in the consumption of beef in China is expected to increase the number of slaughters, which can eventually improve the market suppply need for plasma feed manufacturers.
Key Market Players:
Key players in plasma feed market include Darling Ingredients Inc. (US), The Lauridsen Group Inc. (US), SARIA Group (Germany), Sera Scandia (Denmark), Lican Food (Chile), Puretein Agri LLC. (US), Veos Group (Belgium), Kraeber & Co Gmbh (Germany), Rocky Mountain Biologicals (US), Lihme Protein Solutions (Denmark), EcooFeed LLC (US), and FeedWorks (Australia).
The global plant-based meat market size is projected to grow from USD 3.6 billion in 2020 to USD 4.2 billion by 2021 by value, recording a compound annual growth rate (CAGR) of 17.0% in the realistic scenario during the forecast period. The fear of an increasing number of animal-borne illnesses such as COVID-19 among consumers, rising vegan population, and consumers awareness regarding nutritional benefits offered by plant-based sources of meat are the factors that are projected to drive the growth of the plant-based meat industry. Furthermore, consumers are shifting toward plant-based proteins and healthier lifestyles, which is also expected to drive the market growth.
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Key plant-based meat market players include Beyond Meat (US), Impossible Foods (US), Maple Leaf Foods Inc. (Canada), The Meatless Farm Co. (Netherlands), and Garden Protein International (US). Companies are trying to push their investments towards the retail sector due to lockdowns imposed due to the COVID outbreak. These key vendors in the plant-based meat market are coming up with different strategies to thrive during the pandemic. These companies are gearing up for significant expansion into the retail business.
*Impossible Foods (US) *is involved in the manufacturing of meat and cheese sourced from plants. The company offers plant-based meat and dairy products, with enhanced taste and nutritional benefits. Its product offerings for plant-based meat include plant-based burgers launched in 2016. It uses soy as a source to make plant-based burgers. The company closed a USD 500 million funding just before the Coronavirus outbreak and is gearing up for a significant expansion in its restaurant and retail business, planned for 2020. The company is likely to see setbacks from its foodservice partners considering the lockdowns imposed due to COVID-19. Meanwhile, a surge in demand for their products at grocery and other retail outlets is expected across the country. The company is also making investments to launch new products, such as plant-based Impossible Sausage and Impossible Pork, to expand its retail presence across international markets. It is also setting up a new production plant in China to scale up the production to cater to the growing consumer demand for meat alternatives due to COVID. It is also communicating with their fans/consumers on emails asking if they would be interested in buying the burgers directly from the websites. This company’s step toward the ‘direct to consumer’ model is again expected to drive the sales of its products and can reduce the short-term disruptions in the supply chain due to COVID-19. Its geographical presence includes Redwood City, California, Rutgers, and New Jersey. It has wide distribution channels throughout the US in North America.
Beyond Meat is one of the leading players in the global plant-based meat market. The company operates through three business segments: Beyond Chicken, Beyond Beef, and Beast Burgers. It offers a variety of plant-based meat products that replicate the texture, taste, and nutritional benefits of meat. Its plant-based meat product portfolio includes strips, poppers, beef crumbles, burger patties, and sausages. Pea, rice flour, and potato are some of the raw materials used by the company for the production of plant-based meat products.
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*Beyond Meat *has a widespread presence in the US. The company operates through its production facility in Columbia, Missouri, US. As the meat industry is likely to be disrupted by the current and previous outbreaks of animal-related diseases, Beyond Meat is looking to innovate alternative meat products. The company recently launched Beyond plant-based breakfast sausages. New product developments will aid the company to cater to the growing demand for plant-based meat products amid the coronavirus outbreak. The company has massive distribution channels, which would help in the free-flow of products under the lockdown situation where supply chains across borders are disrupted. The company also launched Feed A Million+ in the light of the COVID-19 outbreak to provide more than a million plant-based meat burgers to help the needy during the pandemic. Beyond Meat is likely to benefit from the massive shift of consumers to alternative meats in the long term post the COVID-19 pandemic decreases.
The report "Meat Testing Market by Target Tested (Pathogen, Species, Allergen, GMO, Mycotoxin, Heavy Metal, Veterinary Drug Residue), Sample (Meat and Seafood), Technology (PCR, Immunoassay, Chromatography, Spectroscopy), and Region - Global Forecast to 2023", The meat testing market is estimated at USD 7.94 billion in 2018 and is projected to reach a value of USD 11.48 billion by 2023, at a CAGR of 7.7%. Growth in the international trade of meat and seafood creates the need for global mandates and regulations on food safety, which is a significant factor that drives the market for meat & seafood testing. Additionally, globalization has a major impact on the global meat supply and has increased the import & export of meat, poultry, and seafood products worldwide. This has increased the risk of unsafe or contaminated products reaching consumers in distant markets, which, in turn, creates a demand for meat testing across the world.
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In terms of target tested, the pathogens testing segment is estimated to account for the largest share of the meat testing market in 2018.
On the basis of target tested, the pathogen testing segment is estimated to hold the largest share of the meat testing market in 2018. The level of contamination is at its peak during packaging and processing and due to improper storage practices, such as non-maintenance of a suitable temperature. Highly occurring pathogens in meat & seafood include E. coli, Salmonella, Campylobacter, Shigella, Vibrio, and many others.
Meat testing by PCR technology is estimated to hold the largest market share in 2018.
On the basis of technology, PCR accounted for the largest share of the market in 2018, followed by immunoassay. An advantage of PCR technology is its automated approach to testing, which provides quick results and aids the decision-making process for product recalls. Besides quick results, this technology can detect contamination at a level of 0.1%.
On the basis of sample type, poultry meat is estimated to hold the largest market share in 2018.
On the basis of sample type, poultry meat is estimated to account for the largest market share in 2018. The poultry meat sector provides ready-to-eat products, which should be safe for the consumer and have a long shelf life; thus, ensuring the microbial safety of poultry carcasses and cuts is an important issue. The demand for poultry meat is high as there is no religious barrier is eating poultry meat; also, poultry meat is healthier than red meat. Due to these reasons, the production of the poultry meat products is increasing, and therefore, it is vital to ensure the microbial safety of poultry meat products in the context of increasing consumption and production.
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North America is estimated to dominate the meat testing market in 2018.
North America is estimated to be the largest market for meat testing in 2018. This is due to the increased awareness of safe food products among consumers, the growing number of meat product recalls, and stringent food safety regulations in the region. The US is one of the largest meat consuming countries, with stringent regulations to keep a check on the quality of meat products. This leads to the growth of the meat testing services industry; more the production of meat, the more testing will be required.
This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes profiles of leading companies such as SGS (Switzerland), Eurofins (Luxemburg), Bureau Veritas (France), Intertek (UK), TUV SUD (Germany), ALS (Australia), Mérieux NutriSciences (US), AsureQuality (New Zealand), Romer Labs (Austria), LGC Limited (UK), Genetic ID (US), and Microbac Laboratories (US).
The report "Protein Hydrolysates Market by Type (Milk, Meat, Marine, Egg, Plant, and Yeast), Application (Infant Nutrition, Clinical Nutrition, Weight Management, and Feed), Process (Enzymatic, and Acid & Alkaline), Source, Form, and Region - Global Forecast to 2023", The global protein hydrolysates market is estimated to be valued at USD 2.74 billion in 2018 and is projected to have a CAGR of 8.56%, in terms of value, between 2018 and 2023. Protein hydrolysates are widely accepted ingredients in food & beverage applications owing to their functional properties. The multi-functionality of protein hydrolysates increases their adoption in end-use applications. Also, the growing demand for high protein, nutritious products has expanded the application areas of protein hydrolysates in the food & beverage industries. Protein hydrolysates are widely used by food processors to make their food products more nutritious and to enable them to endure the rigors of harsh processing.
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Milk Protein Hydrolysates projected to be the largest segment
Milk protein hydrolysates is estimated to account for the largest share in the protein hydrolysates market in 2018, due to its wide range of applications in the food & beverage industry. The multi-functionality of milk protein hydrolysates results in their use in a broad spectrum of applications such as infant nutrition, clinical nutrition, weight management, and animal feed.
Infant Nutrition: The most widely preferred protein hydrolysates application
The infant nutrition segment is estimated to account for the largest share in the protein hydrolysates market, in terms of value, in 2018. Protein is one of the three major macronutrients that help build tissue structure. Protein deficiency is one of the significant reasons for malnutrition among consumers, especially among infants across the world. Protein hydrolysates are beneficial for all infant formula as they are easy to digest. Among other reasons, food allergies and the inability to breastfeed also contribute to the development of infant nutrition products, which increases the demand for protein hydrolysates.
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North America estimated to be the most lucrative market for protein hydrolysates
In 2018, the North America region is estimated to hold a significant share in the global protein hydrolysates market whereas Asia Pacific is projected to grow at the highest CAGR during the forecast period. The presence of large food & beverage and nutraceutical industries offers the North American protein hydrolysates market a prominent consumer base as well as growth prospects. The Asia Pacific market is driven by the economic growth of the region, coupled with the increasing demand for nutritious food & beverage products.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as Abbott Nutrition (US), Koninklijke DSM N.V. (Netherlands), Kerry Group (Ireland), FrieslandCampina (Netherlands), and Arla Foods (Denmark).
