Lactase Market to Witness Unprecedented Growth in Coming Years

According to MarketsandMarkets "Lactase Market by Source (Yeast, Fungi, Bacteria), Form (Liquid, Dry), Application (Food & Beverage, Pharmaceutical Products & Dietary Supplements), Region (North America, Europe, APAC, South America, RoW) - Global Forecast to 2025", the global lactase market size is estimated to be valued at USD 217 million in 2020 and is projected to reach USD 298 million by 2025, recording a CAGR of 6.5%, in terms of value. The growing awareness among lactose intolerant population regarding self-diagnosis all across the globe offers potential growth for lactase enzyme, that helps in the production of lactose-free products.

 

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

 

Based on form, the liquid segment of lactase market is projected to witness significant growth rate during forecast period. Liquid lactase enzyme accelerates chemical, biological, and metabolic reactions by altering a reaction’s efficiency and results in making the pharmaceutical products more efficient for human use. Also, it offers a higher activity and better functionality than the powder form. Also, it offers better solubility and helps lactose-free product manufacturers to produce good quality of products.

 

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

 

By source, the lactase market is segmented into yeast, fungi, and bacteria. The increase in awareness among the lactose-intolerant population and the rise in innovative products are some of the key factors encouraging the growth of the lactase market. Moreover, the technological advancement in the extraction of lactase through yeast offers potential growth for the lactase market. Low production cost and ease in the processing of yeast are the key factors encouraging the growth of yeast-based lactase.

 

The North America region dominated the lactase market with the largest share in 2019, whereas Asia-Pacific is expected to witness the highest growth rate.

 

The lactase market in North America is dominant due to the growing demand for different types of lactose-free products such as drinkable yogurt, ice-cream, and flavored milk. Increasing awareness about lactose intolerance among consumers and growing inclination towards health promoting dietary supplements are the key factors that are projected to drive the growth of the market in the North American region.

 

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The fastest growing market is Asia-Pacific for lactase. The increase in awareness and self-diagnosis among lactose intolerant population, also growing consumption of lactose-free products offers potential growth for the lactase manufactures in the region. The increase in health concerns and the growing trend of opting for reduced added sugar/no added sugar claims have created growth opportunities for lactase in the region. Major players such as Valio Ltd. (Finland), expanded its production facility in China to cater lactose-free products for lactose intolerant population.

 

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 Chr. Hansen Holdings A/S (Denmark), Kerry Group (Ireland), Koninklijke DSM N.V (the Netherlands), Novozymes (Denmark), Merck KGaA (Germany), DuPont (US), Senson (Finland), Amano Enzyme (Japan), Advanced Enzyme Technologies (India), Enmex (Mexico), Antozyme Biotech Pvt. Ltd. (US), Nature Bioscience Pvt. Ltd. (India), Aumgene Biosciences (India), Creative Enzymes (US), Biolaxi Corporation (India), Novact Corporation (US), Enzyme Bioscience (India), Infinita Biotech Private Limited (India), Rajvi Enterprise (India), and Mitushi Biopharma (India).

Nematicides Market to Showcase Continued Growth in the Coming Years

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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The nematicides market includes major Tier I and II suppliers like BASF SE, Bayer AG, Syngenta AG, Corteva Agriscience, Marrone Bio Innovations, Nufarm 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. Though COVID-19 has impacted their businesses as well but there is no significant impact on the global operations and supply chain of their nematicides. 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 nematicides in the crop protection industry is likely to increase in the second quarters of the year 2020 as many farmers are compelled to panic buying and the reduction in restrictions by government can smoothen the supply chain process.

 

Seed treatment, by mode of application, is estimated to grow at the highest rate during the forecast period

 

Major players in the market are focusing on the introduction of bionematicide products, which would cater to the seed treatment market. The focus on high-value crops and genetically modified seeds has improved the scope for seed treatment in the market. The adoption of genetically modified seeds has reduced the number of times crop rotation is undertaken in the fields. The lack of crop rotation makes the soil conducive to the growth of nematodes. Companies such as Marrone Bio Innovations (US) and Valent BioSciences (US) are introducing bionematicides that cater to seed treatment. These factors would drive the growth of the seed treatment segment in the nematicides market.

 

Fumigation and carbamates, by mode of application and type, are estimated to hold the largest shares in the nematicides industry, in terms of value, in 2020

 

Fumigation is a mode that is both cost-effective and efficient for tackling the problem of nematodes. In regions where there is a scarcity of water, such as South Africa, and mechanically advanced economies such as the US and Canada where the adoption of drip irrigation is feasible, the market for fumigation is set to grow.  There has been an increase in the adoption of non-toxic products in soils due to the growing interest in sustainable agriculture. This has aided the growth in the use of carbamates, which are relatively less toxic than fumigants.

 

Vegetables, by crop type, estimated to account for the largest market share, by value, in 2020

 

Vegetables accounted for the largest share in the nematicides market due to the increasing acreage utilized for the cultivation of vegetables. The increased international demand for fruits & vegetables is also driving the growth of the market. The major players in the market such as BASF SE (Germany), Adama Agricultural Solutions Ltd (Israel), and Syngenta (Switzerland) are introducing nematicide solutions for crops such as tomatoes, potatoes, and peas. The increasing incidences of potato-cyst nematodes and root-knot nematodes in tomatoes have also been driving the adoption of nematicides for vegetables.

 

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

 

The market for nematicides is projected to grow at the highest CAGR in the Asia Pacific region owing to the growing nematode infestation in vegetables such as tomatoes, potatoes, carrots, peas, and cauliflower in the major vegetable-growing countries such as China and India. The regulatory scenario in the Asia Pacific region is comparatively more favorable for the launch of nematicides as compared to that of Europe and North America. There is also growing awareness among farmers about the use of bionematicides since the market for organic farming, and sustainable agriculture is growing with more consumers demanding organic fruits & vegetables.

 

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 nematicides market. It consists of the profiles of leading companies such as 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), and T. Stanes & Company Limited (India).

Aquafeed Market to Showcase Continued Growth in the Coming Years

The report "Aquafeed Market by Species (Fish, Crustaceans, and Mollusks), Ingredient (Soybean, Corn, Fishmeal, Fish Oil, and Additives), Lifecycle (Starter Feed, Grower Feed, Finisher Feed, and Brooder Feed), Form, Additive, and Region - Global Forecast to 2025", The global aquafeed market is estimated to be valued at USD 56.0 billion in 2020. It is projected to reach USD 71.6 billion by 2025, recording a CAGR of 7.2% during the forecast period. The global aquafeed market has been influenced by some of the macroeconomic and microeconomic factors witnessed in some key countries. This would prove strong enough to drive the market significantly in terms of value sales during the forecast period. China, Norway, Vietnam, and Thailand are the key fish producers as well as the largest exporters of fish and fishery products. The global consumption of seafood has increased due to the rising awareness about the health benefits of consuming fish and other aquaculture species. They are a rich source of vitamins, minerals, amino acids, and essential fats (long-chain omega-3 fatty acids).

 

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Processed soybean is the worlds largest source of animal protein feed.

 

Soybean is among the non-fish sources of omega-3 fatty acids, proteins, and unsaturated fats. Soy protein is fed to farm-reared fish and shellfish to enhance their overall growth and development. Some of the commonly used soybean products in aquafeed include heat-processed full-fat soybean, mechanically extracted soybean cake, solvent-extracted soybean meal, and dehulled solvent-extracted soybean meal. According to the USDA, processed soybean is the worlds largest source of animal protein feed. Soybean isolates and different varieties of genetically modified soybeans are being introduced to replacing fishmeal, which is a rich source of amino acids.

 

Feed enzymes aid in nutrient absorption due to which its application is growing in feed

 

Enzymes are biological catalysts that help to lower feed costs and reduce phosphorus content in animal waste. Feed enzymes are widely used to improve the nutritive value of feed by regulating various metabolic reactions. Enzymes increase the digestibility of nutrients in feed, which leads to an increase in the efficient production of various animal products. The demand for feed enzymes is increasing, as they are used for the development of the immune system and bones of aquatic animals. Feed enzymes enhance the growth of animals by weight gain and the quality of output.

 

Oysters and mussels are the most widely cultured groups under mollusks

Mollusks serve as a good source of protein. Their shells have industrial as well as ornamental uses. Along with harvesting mollusks from natural fisheries, they are also cultured in artificially controlled environments to protect them during storms and wind, and to increase their productivity. Various factors, such as nutrient composition, rapid growth rate, mass culturing, stability in temperature & light, and easy digestibility, are considered before using certain species of microalgae as feed. The market for mollusk feed is growing slowly due to slower adoption and the high cost of feed. The research activities to find cheaper alternative sources of algae are expected to drive the slow-paced market.

 

The free-flowing structure and consistency of the dry aquafeed makes it a preferred form

 

The feed for fish is most commonly available in the form of pellets or granules, and usually contains moisture of approximately 7%–13%. Most aquafeed manufacturers adopt the use of the dry form of feed due to its free-flowing structure and ability to provide consistency. This form of feed is also preferred due to other factors, such as ease of transportation, storage, and convenience associated with it, as opposed to the liquid form, which requires specialized facilities for storage and transportation. It can be purchased in bulk and is available with multiple ingredient options. Cost-effectiveness is another aspect that drives the growth of this market.

 

Protein levels in finisher feed vary by different shrimp species

 

Finisher feed is usually administered to fully-grown fish species. Finisher feed ensures a balanced diet and supports muscle growth alongside higher nutrient absorption. Alltechs survey on Global Aquaculture Feed Production Survey analyzed the average cost of finisher diets and concluded that finisher feeds had remarkably high costs in countries, such as South Korea, Japan, and Vietnam. Fishmeal and fish oil are some of the key ingredients used in finisher feeds. The finisher feed prepared for various species differs in terms of protein levels. The finisher feed fed to monodon species (tiger prawns) contains 38% of crude protein as opposed to the finisher feed for L.vannamei, which contains 32%–34% of crude protein.

 

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North America is projected to reach USD 2.4 billion during the forecast period.

 

The US was the dominant market for aquafeed in the North American region, having accounted for a share of 64.0% in 2020. The US also remains one of the worlds largest exporters of seafood products, exporting farm-raised trout & salmon largely to Canada and Mexico, and oysters & clams to Canada. It is also the second-largest seafood importer from Asia Pacific countries. Aquafeed consumption is increasing slowly in the US due to the growing demand for fish for direct human consumption (DHC). Apart from being the leading consumer of aquafeed, it also exports to South American and Asian countries.

 

The key players in this market include Cargill, Incorporated (US), ADM (US), Nutreco N.V. (Netherlands), and Ridley Corporation Ltd. (Australia).

Distillation Systems Market to See Major Growth by 2023

The report "Distillation Systems Market  by Technique (Fractional, Steam, Vacuum, MED), Application (Water Treatment, Food, Beverage, Petroleum, Pharmaceutical, Chemical), Operation (Continuous, Batch), Component, Type, Process, and Region - Global Forecast to 2023", The distillation systems market is estimated to at USD 6.17 billion in 2018 and is projected to reach USD 7.91 billion by 2023, at a CAGR of 5.1%. Factors such as growing industrialization and urbanization have significantly fueled the market growth of distillation systems for various industrial applications. Increasing urbanization leads to a surge in demand for water treatment systems and products from the oil & gas, food & beverage, healthcare, and manufacturing industries. Imposition of regulations and rise in the demand for pure products including water is projected to fuel the demand for the distillation systems. On the account of these factors, the global market is projected to witness significant growth during the forecast period.

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The column shell segment is estimated to dominate the market with the largest share in 2018

 

On the basis of components, the column shell segment is estimated to account for a major market share in 2018. The column shell in a distillation column is the primary regulation tool that is responsible for controlling the temperature and pressure inside the distillation system. The column shell plays a key role in determining the function for which the system is deployed and the cost of the system.

 

By technique, the fractional segment is projected to account for the largest share of the market by 2023

 

The fractional segment is projected to account for the largest share by 2023. Fractional distillation technique is simple and effective for segregating the complex and multicomponent mixture. This technique is commonly used in industries such as petroleum, petrochemicals, chemical, and gas processing where the separation of complex mixtures is required; for instance, the separation of crude oil components such as cooking gas, petrol, diesel, kerosene, oil, and bitumen.

 

The petroleum & bio-refineries application segment is estimated to dominate the market with a major share in 2018

 

The increasing demand for crude oil in various countries is fueling the market growth. The distillation process is used to separate gasoline, kerosene, petrol, diesel, and vacuum gas oils from the crude oil. Since crude oil components have different molecular sizes, boiling points, and weights, the fractional distillation technique finds significant application in this sector.

 

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Europe is projected to witness the fastest growth during the forecast period

 

Countries such as the UK, France, Italy, Spain, and Russia are among the major markets for distillation systems due to the large number of market players in the beverage, chemicals, and cosmetics industries. In addition, countries such as Germany have paved their way through developments in distillation with the use of vacuum multi-effect distillation systems. Germany is a leading market player in the distillation systems market; Favorable industrial policies and presence of manufacturers in the country drive the market growth for pots, stills, columns, and turnkey projects in Europe and other international markets.

 

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 GEA (Germany), Alfa Laval (Sweden), SPX FLOW (US), Sulzer (Switzerland), Core Laboratories (Netherlands), PILODIST (Germany), Anton Paar (Austria), Praj Industries (India), L&T Hydrocarbon Engineering (India), EPIC Modular Process Systems (US), BÜFA Composite System (Germany), and Bosch Packaging Technology (Germany).

Food Inclusions Market to Showcase Continued Growth in the Coming Years

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 chocolate segment is projected to dominate the food inclusions market through 2023.

In 2018, the chocolate segment is estimated to account for the largest share, by type, in the food inclusions market, in terms of value. Chocolate is among the most preferred and popular flavors among consumers, worldwide, and is a major factor that is expected to drive significant consumption of chocolate inclusions in the food & beverage industry. The use of chocolate inclusions adds gloss and enhances the taste of products, while also enhancing other organoleptic properties. Thus, the use of chocolate inclusions in varieties of food applications such as confectionery, ice cream, bakery, dairy, beverages, frozen desserts, and cereal products is expected to drive the market.

The cereal products, snacks, and bars segment to dominate the food inclusions market through 2023.

Cereal products, snacks, and bars are estimated to form the major application in which food inclusions are most widely used. The consumption of various types of food inclusions in this application is largely attributed to the multiple benefits these inclusions add to the products in this category, such as addition of required flavors (fruit, chocolate, caramel, and nut), enhancement in product appearance in terms of color and visibility, and provision of required textures to products. Further, the use of inclusions enhanced the product value, both in terms of nutritional aspects as well as consumer requirements that drive the use of food inclusions in this segment.

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Asia Pacific is projected to be the fastest-growing regional market for food inclusions.

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).

Biofertilizers Market to Witness Unprecedented Growth in Coming Years

The report "Biofertilizers Market by Form (Liquid, Carrier-Based), Mode of Application (Soil Treatment, Seed Treatment), Type (Nitrogen-fixing, Phosphate solubilizing & Mobilizing, Potash Solubilizing & Mobilizing), Crop Type, and Region - Global Forecast to 2026", The Biofertilizers Market was valued at USD 2.6 billion in 2021; it is projected to grow at a CAGR of 11.9% to reach USD 4.5 billion by 2026

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The increase in consumer preference for organic food products, adoption of soil fertility management practices, serious concerns regarding the control of nitrate emissions and eutrophication in the aquatic environment, and government promotions for the use of organic fertilizers are a few key drivers encouraging the market growth for biofertilizers, globally.

 

The Nitrogen fixing Biofertilizers by type is projected to achieve the fastest growth in the Biofertilizers Market.

 

The value of nitrogen-fixing biofertilizers in improving and enabling a higher yield of legumes and other crops can be realized through the application of biofertilizers. They are mainly used in legumes, pulses, black grams, groundnuts, and soybeans. Moreover, biological nitrogen fixation is considered an important process that determines nitrogen balance in the soil ecosystem. The increase in concerns to reduce pollution caused due to excessive application of nitrogen fertilizers and nitrate emissions in countries, such as the US, Spain, Canada, Brazil, Australia, Argentina, and China, are projected to drive the growth of the nitrogen-fixing biofertilizers market.

 

By crop type, the Fruits and Vegetables segment is estimated to account for the largest market share in the Biofertilizers Market.

 

Due to the increase in health concerns, there is an increase in the production and consumption of fruits & vegetables, particularly organic products. In order to improve the quality, shelf life, and yield of fruits & vegetables, various inputs such as biofertilizers are being incorporated. The increase in trend in the cultivation of organic fruits & vegetables and those under IPM practices have created a positive impact on the growth of the biofertilizers market.

 

The Soil treatment by mode of application is estimated to account for the largest market share of the Biofertilizers Market over the forecast period.

 

The use of biofertilizers in soil depends on the nutrient content and the type of crops that need to be grown. When these helpful microorganisms are introduced in the soil, they help the plant to receive adequate nutrients that are available in insoluble and absorbable forms. In addition, these biofertilizers do not impact soil fertility adversely but help to enhance its microbial content.

 

The Liquid Form segment is estimated to observe the fastest market growth in the Biofertilizers Market during the forecast period.

 

Liquid biofertilizer technology is considered an alternative solution to the conventional form of carrier-based biofertilizers. Liquid fertilizers have significantly higher survival rates after storing for a longer time as compared to other formulations and treatments. They do not get contaminated and have greater immunity against the native soil microbial population. Moreover, it is also convenient for biofertilizer manufacturers due to the limited risks associated with inventory keeping for a longer period and reduces the need for a year-long production process.

 

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North America is estimated to be the largest market.

 

The imposition of bans on the usage of harmful chemicals and fertilizers in the agricultural industry by governments in North American countries has created a high growth potential for biofertilizers. In addition, the increase in acceptance of organic foods among consumers is projected to widen the scope of growth for leading players. With the increase in inclination toward organic cultivation in the region, the growth of the biofertilizers market is projected to remain high. As per the USDA and Department of Energy (DOE), the increase in the availability of biomass feedstock is also one of the key factors driving the market growth.

 

The key players in this market include Novozymes (Denmark), T. Stanes & Company Limited (India), Kan Biosys (India), Kiwa Biotech (China), and Symborg (Spain).These players in this market are focusing on increasing their presence through agreements and collaborations. 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 to Showcase Continued Growth in the Coming Years

The report "Food Enzymes Market by Type (Carbohydrases, Proteases, Lipases, Polymerases & Nucleases), Source, Application (Food & Beverages), Formulation, and Region(North America, Europe, Asia Pacific, and South America) – Global Forecast to 2026" The food enzymes market is estimated to be valued at USD 2.2 billion in 2021 and is projected to reach USD 3.1 billion by 2026, recording a CAGR of 6.4%, in terms of value. The growing demand for diverse range of food products, clean label trend, and increase in disposable income are the factors that are projected to drive the growth of the food enzymes market globally.

 

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

 

Based on source, the food 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 and are stable than other sources. They can be produced through fermentation techniques in a cost-effective manner with less time and space requirement, and because of their high consistency, process modification and optimization are easily done. 

 

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

 

By type, the food enzymes market is segmented into carbohydrases, proteases, lipases, polymerases & nucleases, and other enzymes (such as catalases, laccases, oxidases, phosphatases, kinases, esterases, and pectinases). Carbohydrases are classified into amylases, cellulases, and other carbohydrases (such as pectinases, lactases, mannanases, and pullulanases). Amylase is used in the baking industry as the addition of amylase to the dough, enhances the fermentation rate which results in the reduction of the viscosity of dough, further improving the volume and texture of the product. Due to easy modification and optimization processes, there is a huge usage of amylase in the food & beverage industry.

 

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The North American region dominated the food enzymes market with the largest share in 2020, whereas Asia Pacific is expected to witness the highest growth rate.

 

The food enzymes market in North America was dominant due to the increasing demand for enzymes in food 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 food operations from developed regions, such as North America and Europe, to Asia Pacific, has further contributed to the growth of the food enzymes market in the Asia Pacific region. 

 

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 DuPont (US), Associated British Foods plc (UK), DSM (Netherlands), Novozymes (US), CHR. Hansen Holdings A/S(Denmark), Kerry Group (Ireland), Jiangsu Boli Bioproducts Co., Ltd. (China), Biocatalysts Ltd. (UK), Puratos Group (Belgium), Advanced Enzyme Technologies Ltd (India), Amano Enzyme Inc. (Japan), Enzyme Development Corporation (US), ENMEX, S.A. de C.V. (Mexico), Aumgene Biosciences (India), Creative Enzymes (US), SUNSON Industry Group Co., Ltd (China), AUM Enzymes (India), Xike Biotechnology Co. Ltd. (China), and Antozyme Biotech Pvt Ltd (India).

NPK Fertilizers Market to Showcase Continued Growth in the Coming Years

The report "NPK fertilizers (feed-grade and food-grade) Market by Application (Bakery Products, Meat & Meat Products, Dairy Products, and Beverages), Form (Powder, Liquid, and Others), Type (Nitrogen, Phosphorus, Potassium, and Others), and Region-Global Forecast to 2023" The NPK fertilizers (food-grade) market is estimated to be valued at USD 2.4 billion in 2018 and is projected to reach USD 2.9 billion by 2023, at a CAGR of 4.0%. The market is driven by the rise in consumption of meat & dairy products and increasing awareness about the quality of food products.

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The phosphorus segment is estimated to be the largest in 2018

The NPK fertilizers (food-grade) market, by type, is expected to be dominated by the phosphorus segment. It is also projected to be the fastest-growing segment. The properties of phosphorus such as promoting the preservation and adding desired textures, colors, and flavors in food products at a low cost are responsible for its growing use as a partial replacement for expensive traditional food additives. 

Powder segment set to dominate the market by 2023

The NPK fertilizers (food-grade) market, by form, is projected to be dominated by the powder segment during the forecast period. The high growth is not only attributed to this form being easy to use but also to the uniform consistency it provides to processed foods, while not altering their desired texture.

The bakery products segment is projected to be the fastest-growing during the forecast period

The bakery products segment is expected to be the fastest-growing, by application, during the forecast period. On a global level, the extensive usage of NPK fertilizers (food-grade) in bakery products to reduce the cost is expected to drive the segment at a significant rate during the forecast period.

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

The Asia Pacific market is expected to grow at the highest CAGR from 2018 to 2023. The high growth is attributed to the changing food consumption patterns owing to rising income and urbanization, especially in South Asian countries. Further, growth can be attributed to the increasing urbanization in the region, resulting in a growing demand for food security and quality food. Food manufacturers are expected to use NPK fertilizers (feed-grade and food-grade) as a substitute for regular additives due to their cost-effectiveness and to reduce the final cost of food products, as most countries in the region are price-sensitive.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It consists of the profiles of leading manufacturers such as include Borealis AG (Austria), AkzoNobel (Netherlands), Yara International ASA (Norway), Petróleo Brasileiro S.A. (Brazil), and Agrium Inc. (Canada). Furthermore, The Mosaic Company (US), Israel Chemicals Ltd. (Israel), EuroChem (Switzerland), PotashCorp (Canda), K+S AKTIENGESELLSCHAFT (Germany), Alltech (US), PhosAgro (Russia), Haifa Chemicals (Israel), Aditya Birla Chemicals (India), and SKW Stickstoffwerke Piesteritz (Germany) are the other players that hold a significant share in the NPK fertilizers (feed-grade and food-grade) market.

Trace Minerals in Feed Market to Witness Unprecedented Growth in Coming Years

The report "Trace Minerals In Feed Market by Type (Iron, Zinc, Manganese, Copper, Cobalt, Chromium, Other Types), Livestock , Chelate Type (Amino Acids, Proteinates, Polysaccharides, Other Chelate Types), Form, And Region – Global Forecast To 2025", The global trace minerals in feed market size is estimated to be valued at USD 472 million in 2020 and is expected to reach a value of USD 608 million by 2025, growing at a CAGR of 5.2% during the forecast period. Factors such as the rise in production of compound feed, and the increase in the importance of protein-rich diets among consumers across the globe opened new avenues for trace minerals in feed market. The major feed producing countries in the world include China, the US, Brazil, Mexico, Spain, India, and Russia. The where the demand for chicken and red meat has been growing. This in these countries, which has also contributed to the growth of the market.

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Poultry, by livestock, is estimated to hold the largest share in the trace minerals in feed market during the forecast period

 

The poultry segment accounts for the largest share and is also projected to grow at the fastest rate during the forecast period. There has been a significant increase in demand for poultry meat and other byproducts across the globe. People are therefore engaging in animal rearing and animal husbandry to fulfil this global demand.  The most effective way to achieve the highest production is to supply these birds with trace minerals, such as zinc, copper, and manganese, to increase their performance, which has led to an increase in demand for trace minerals.  Trace minerals are indispensable components in poultry diets. They are required for the growth, bone and feather development, and enzyme structure. The immune functions of all poultry species depend on trace minerals. This drives the growth of trace minerals in feed market across the globe. 

 

Amino acids, by chelate type, is estimated to account for the largest market share during the forecast period

 

Amino acids are considered an ideal chelator due to their ability to be easily absorbed in the animal body. This is due to the attachment of amino acids to the mineral molecules that create a more stable structure, which helps the minerals survive in the acidic environment of the stomach. Furthermore, trace minerals are protected from various bacteria present in the body of animals, and enzymes are unable to degrade it. It also inhibits the antagonistic action between metal ions and decreases the breaking down of vitamins in the feed. This is due to their ability to be easily absorbed in the body for the normal functioning of protein synthesis. This increases the absorption of minerals directly in the intestinal wall, along with amino acid ligands, to which they are bonded.

 

Dry, by form, is estimated to account for the largest market share during the forecast period

 

The dry segment accounted for the largest share in 2019, as trace mineral products in the dry form enable the hygienic supply of these ingredients, and the feeding system is comparatively easy to manage. Furthermore, the ease of mixing dry form of trace minerals into the total feed, relative cost-effectiveness as compared to the liquid form, and its long shelf life are some of the other key factors encouraging its use in dry form. Trace minerals are mostly available in the dry form, as they are easy to mix with feed products in the appropriate quantity. For instance, the powdered copper and zinc could be mixed in the ratio of a billion parts of copper or just one part of zinc. Additionally, other minerals and trace minerals in powdered form could be mixed in similar ratios, without causing a reaction. Furthermore, chelated trace minerals in the dry form find application in various livestock. In addition, when mixed with dry feed, they are often absorbed more efficiently by the body, if supplied rather than used as supplements.

 

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

 

The trace minerals in feed market is estimated to grow significantly in the Asia Pacific region due to the rise in demand for poultry meat and poultry byproducts as well as ruminants 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 protein rich meat. 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 Trace minerals in feed to flourish 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 Trace minerals in feed market. It consists of the profiles of leading companies such Cargill, Incorporated (US), (US), BASF SE (Germany), Bluestar Adisseo Co., Ltd (China), Koninklijke DSM N.V. (Netherlands), Nutreco N.V. (Netherlands), Alltech (US), Zinpro (US), Orffa (Netherlands), Novus International (US), Kemin Industries, Inc. (US), Lallemand, Inc. (Canada), Virbac (France),  Global Animal Nutrition (US), Dr. Paul Lohmann Gmbh & Co. KGAA (Germany), Biochem Zusatzstoffe (Germany),  Veterinary Professional Services Ltd. (Vetpro) (New Zealand), Chemlock Nutrition Corporation (US), dr. eckel animal nutrition gmbh & co.kG (Germany),  Vetline (India), Green Mountain Nutritional Services Inc. (US), Biorigin (Brazil), Tanke (China), JH Biotech, Inc. (US), QualiTech, Inc. (US)..

Textured Vegetable Protein Market to Showcase Continued Growth in the Coming Years

According to MarketsandMarkets, the "Textured Vegetable Protein Market by Application (Meat alternatives, Cereals & snacks, Others), Form, Source (Soy, Wheat, and Peas), Type (Slices, Flakes, Chunks, and Granules), and Region - Global Forecast to 2025", the market size is estimated to be valued at USD 1.1 billion in 2020 and is projected to reach USD 1.5 billion by 2025, recording a CAGR of 6.2%, in terms of value. The changing consumer preference and interest in vegetable protein sources, due to its nutritional profile, inclination toward clean eating, rise in health concerns, and environmental concerns, as well as animal welfare, have resulted in the growth of the alternatives, such as plant-based meat, and ingredients such as textured vegetable protein.

 

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The meat alternatives application segment is projected to witness significant growth during the forecast period.

 

Based on application, the textured vegetable protein market is dominated by meat alternatives applications. Textured proteins are among the key components of meat alternatives, where they have been used as extenders, analogues, and replacers. Texturized vegetable proteins can substitute meat products while providing an economical, functional, and high-protein food ingredient or can be consumed directly as a meat alternatives. They have been successful because of their healthy image (cholesterol-free), meat-like texture, and low cost. Europe and North America are the two regions expected to drive the market for textured vegetable protein.

 

The slices type segment is projected to account for a major share in the textured vegetable protein market during the forecast period

 

By type, the textured vegetable protein market is dominated by slices. Textured vegetable protein slices are obtained by processing various beans with higher protein content. They are the unique source of protein that contains essential amino acids, protective ingredients, minerals, and vitamins, which are necessary for total metabolism. During adequate heat treatment, the anti-nutritive factors are removed, thereby improving the protein content. They are generally characterized by structural integrity, which remains the same during hydration and heat treatments.

 

The North American region is the largest in the textured vegetable protein market during the forecast period.

 

The textured vegetable protein market is driven by the rise in the detrimental effects of conventional meat production and health concerns among consumers. This has increased the demand for meat alternatives and advancements in the research & development activities to substitute traditional meat products. The North American textured vegetable protein market is led by its various applications with respect to sustainability. Advancements in ingredient development have helped improve the adaptability of textured proteins for a wide range of food applications and are estimated to drive growth in the region. The North American region is the largest market for textured vegetable protein, owing to the development of novel and superior quality meat alternatives, developed technologies, and higher consumer adaption to meat alternatives. The increase in processed and convenience food production and innovations in segments such as meat alternatives and cereals & snacks drives the demand for textured vegetable protein in the North American region.

 

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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 ADM (US), Cargill (US), CHS (US), Roquette Freres (France), DuPont (US), Wilmar International (Singapore), The Scoular Company (US), Puris Foods (US), VestKorn (Norway), MGP Ingredients (US), Beneo GmbH (Germany), Shandong Yuxin Bio-Tech (China), FoodChem International (China), Shandong Wonderful Industrial Group (China), Axiom Foods (US), AGT Food & Ingredients (Canada), Sun NutraFoods (India), Crown Soya Protein Group (China), La Troja (Spain), and Hung Yang Foods (Taiwan).

Dairy Testing Market to Witness Unprecedented Growth in Coming Years

The report "Dairy Testing Market by Type (Safety (Pathogens, Adulterants, Pesticides), Quality), Technology (Traditional, Rapid), Product (Milk & Milk Powder, Cheese, Butter & Spreads, Infant Foods, ICE Cream & Desserts, Yogurt), and by Region - Global Forecast to 2026" The global dairy testing market is estimated to be valued at USD 5.5 billion in 2021 and is projected to reach a value of USD 8.1 billion by 2026, growing at a CAGR of 8.2% during the forecast period. Increase in consumer awareness regarding the safety and quality of food products, stringent regulations imposed by the regulatory bodies, and increased in the global dairy trade, have been driving the global dairy testing market.

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The milk & milk powder segment is estimated to witness the largest growth in the dairy testing market, in terms of value, in 2021

 

Among different types of dairy products, milk & milk powder segment accounted for the largest share in 2021. Milk & milk powder may be contaminated due to poor hygiene conditions during processing, storage, and transportation. Milk powder is a direct substitute for fluid milk; hence, used in varied applications, including bakery, dairy, and infant nutrition. As an after-effect of COVID-19 lockdown, an evident dip in sales and stockpiling of unsold milk powder has been plaguing the dairy industry.

 

The Campylobacter in the pathogen segment is estimated to account for a larger market share in the dairy testing market, in terms of value, in 2021

 

The most common pathogens in milk and dairy products include Bacillus cereus, Listeria monocytogenes, Yersinia enterocolitis, Escherichia coli, Salmonella, Yersinia enterocolitis, and Staphylococcus aureus. The contaminated milk or dairy product, upon consumption, can cause several diseases in human beings. Campylobacter is a gram-negative, spiral-shaped, and extremely motile bacterium responsible for food contamination and poisoning. The bacterium is found in the tract of warm-blooded animals such as cattle, sheep, pigs, dogs, and goats, and in birds, especially poultry. In humans, campylobacter can cause diarrhea, cramping, abdominal pain, and fever.

 

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The rising demand for dairy testing in the European markets has created opportunities for dairy testing service providers.

 

The Europe region is the dominant market for dairy testing and is expected to experience the fastest growth only second to Asia-Pacific. The major producers of milk in the EU region are Germany, France, Poland, the Netherlands, Italy, and Spain. Together these countries account for around 70% of the total milk production. Globalization has increased the international trade of milk and dairy products and has had a major impact on global dairy supply. However, the increase in trade has resulted in higher risk of contaminated milk and dairy products reaching dairy producers and processors, and end consumers in distant markets due to instances of cross-contamination, exposure to toxins, microorganisms, and other contaminants. Manufacturers have been using dairy testing services to ensure safety and quality of their products and to comply to the international standards.

 

This report includes a study on the marketing and development strategies, along with the product portfolios of the leading companies operating in the dairy testing market. It includes the profiles of leading companies such as SGS SA (Switzerland), Bureau Veritas (France), Eurofins (Luxembourg), Intertek (UK), TÜV SÜD (Germany), TÜV NORD GROUP (Germany), ALS Limited (Australia), Mérieux NutriSciences (US), Neogen Corporation (US), Romer Labs (Austria), Microbac Laboratories (US), AsureQuality (New Zealand).

Latest Regulatory Trends Impacting the Meal Replacement Market

According to MarketsandMarkets "Meal Replacement Market by Product Type (Ready-to-Drink, Bars, Powder), Distribution Channel (Offline and Online), and Region (North America, Europe, Asia Pacific, South America, and RoW) - Global Forecast to 2026", The global meal replacement market has been influenced by changing consumer lifestyles, people are inclined toward meals that are full of nutrition, vitamins, minerals, and other dietary supplements. The growth in the number of health-conscious consumers across the globe is proliferating the demand for meal replacement products.

 

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Powder segment is the largest market for meal replacement market globally.

 

Powders are consumed in the form of shakes with the addition of water or low-calorie milk. The rapid adoption of meal replacement powder as a part of weight management will drive the market for meal replacements products. Meal replacement powder is mixed with water or milk of choice (low-calorie, plant-based, low-fat, toned milk, flavored milk, among others) for consumption. These are available in various flavors, the most popular being chocolate, vanilla, and strawberry. Various companies are into the manufacturing of powder form meal replacement products such as Nestle and Huel. Nestle offers meal replacement chocolate cacao powder and has presence in various regions such as Middle East, Africa, North America, Asia Pacific and Europe.

 

Online segment is witnessing a high growth rate for the meal replacement products during the forecast period.

 

Online segment is witnessing a high growth rate owing to the rising smartphone and internet penetration, which is increasing the sales of online meal replacement products. COVID-19 has changed the purchasing pattern of the consumers globally. Consumers are now purchasing products online and choosing the health safety and convenience over the offline purchasing experience globally. In addition to this, increasing internet penetration in under developed countries will also drive the online segment growth.

 

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North America holds the largest market share for meal replacements products in 2021

 

In 2021, North America accounted for a market share of 29.28% in the global meal replacement market. The market in the region is highly diversified, and manufacturers are strongly focusing on the development of new meal replacement products to cater to the demand from end users. Although North America holds the largest share, the meal replacement market is matured and is projected to grow at a steady CAGR of 4.6% during the forecast period.

 

The key players in this market include Abbott Laboratories (US), Amway (US), Glanbia PLC (Ireland), Herbalife Nutrition (US), and Nestle (Switzerland).

Enteric Disease Testing Market Will Hit Big Revenues In Future

The report "Enteric Disease Testing Market by Technology (Traditional and Rapid), End Use (Food (Meat, Poultry, Seafood, Dairy, Processed Foods, and Fruits & Vegetables) and Water), Pathogen Tested, and Region - Global Forecast to 2026", The market for enteric disease testing is estimated at USD 1.8 billion in 2021; it is projected to grow at a CAGR of 6.0% to reach USD 2.4 billion by 2026. The increase in global food production impacts the food enteric disease testing market growth by increasing the number of food safety controls in each step from raw material procurement till the product reaches the consumers. Further, food manufacturers are willing to pay for testing and certification and have included this practice in their manufacturing cycles. With consumers becoming increasingly aware about the food and water-borne illnesses and stringent regulations to meet international standards, there is growing demand for enteric disease testing market.

 

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Salmonella pathogen is estimated to account for the largest market share in the by pathogen for enteric disease testing market.

 

Increasing instances of food contamination and foodborne poisoning are the major reasons for the growth of the enteric disease testing market. Pathogens such as Salmonella are highly occurring contaminants in cereals & grains and are also known as enteric bacteria often caused by birds or rodents during harvesting. Salmonella also causes contamination in meat, poultry, fruits, and vegetables. A several number of cases are found for diarrhea and cholera, resulting in several deaths caused by Salmonella infected food. These factors are paving way for growth of testing for Salmonella within the enteric disease testing market.

 

By technology, the rapid testing technology sub-segment is estimated to account for the fastest growth in the enteric disease testing market.

 

The rapid technology market has been proved as a driver for the enteric disease testing market owing to the attributes such as low turnaround time, higher accuracy, sensitivity, and ability to test a wide range of contaminants in comparison to traditional technology. Increasing food trade across borders, rising food consumption, changing lifestyles of consumers, and demand for convenience & processed food have led to the growing demand for enteric disease testing in countries around the world, especially in the booming markets of Europe.

 

The meat, poultry and seafood sub-segment by end use is estimated to account for the largest market share of enteric disease testing market over the forecast period.

 

The meat, poultry, and seafood segment is estimated to dominate the enteric disease testing market in 2021. Due to easy susceptibility to microbial and other contaminations along with the growing number of tests for meat, poultry, seafood products has resulted in the growth of the market. Stringent government policies & regulations for meat, poultry, and seafood products and assurance of safe meat to consumers have led to consistent enteric disease testing with checkpoints at different stages to eliminate any incidences of meat contamination.

 

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Europe is projected to be the fastest-growing market for the forecast period.

 

The market in this region is primarily driven by growth in the German and UK markets. It is also driven by European food policies that have been extensively emphasized by the National Reference Laboratories (NRLs) and the European Reference Laboratories (EURLs) to maintain food standards and protect consumer health. Campylobacter has been the most commonly reported food outbreak, with an increase in confirmed human cases in the European Union (EU). The market is further fueled by the presence of major enteric disease testing companies such as SGS SA (Switzerland), Eurofins Scientific (Luxembourg), and Intertek Group plc (UK), which are continuously investing and collaborating for the development of better and faster testing technologies to aid conformity to various enteric disease regulations.

Latest Regulatory Trends Impacting the Fats & Oils Market

The report "Fats & Oils Market by Type (Vegetable Oils (Palm, Soybean, Rapeseed, Sunflower, and Olive), Fats (Butter, Tallow, and Lard)), Application (Food and Industrial), Source (Vegetables and Animals), Form, and Region - Global Forecast to 2026" The global fats & oils market is estimated to be valued at USD 236.7 billion in 2021. It is projected to reach USD 285.22 billion by 2026, recording a CAGR of 3.8% during the forecast period. The global fats & oils market has been influenced by some of the macroeconomic and microeconomic factors witnessed in some key countries. This would prove strong enough to drive the market significantly in terms of value sales during the forecast period. The growth of this market is attributed to the increased awareness about healthier substitutes to trans-fat, demand for a more nutritious and balanced diet among consumers, and sustainable food and energy systems. Companies manufacturing edible oil or cooking oil are positioning their products as healthy oils to gain market share as the customers are focusing on consuming healthy food.

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Palm oil continued to be the most popular vegetable oil globally, given its varied applications

Among vegetable oils, palm oil remained the most popular with around 30% of the market share. Grown only in tropical countries, oil palm trees produce high-quality oil that is used for cooking in developing countries. It is also used in food products, detergents, cosmetics, and to a small extent, biofuels. Being a very productive crop, it is used across applications and across the globe. It offers a far greater yield at a lower cost of production than other vegetable oils. The soybean oil market is projected to be the fastest-growing market by 2026. Animal fats find major applications in pet food, animal feed, and other industrial purposes such as biodiesel and oleochemicals.

 

Vegetable oils garnered popularity as a replacement to traditional oils and trans-fats

The fats & oils market, by application, is estimated to be dominated by the food applications segment in 2021. It is also projected to be the fastest-growing segment during the forecast period. Oils of plant origin have been predominantly used for food-based applications. Plant oils not only represent a non-polluting renewable resource, but also provide a wide diversity in fatty acids composition with diverse applications.

The rising health awareness among the people of every generation has led to a rise in the adoption of vegetable oils and fats to replace traditional oils and trans-fats, which contain a high level of saturated fatty acids and are known to cause various ailments.

Asia Pacific remained the largest and fastest growing regional market, owing to high consumption in China and India

Asia Pacific, followed by Europe, accounted for the largest share both in value and volume in the global fats & oils market  in 2021. The large consumption base in Asia Pacific, i.e., robust processed foods and industrial applications for fats and oils, makes it the fastest-growing region during the forecast period. Asia pacific fats & oils market is majorly driven by China and India, owing to the shift in consumption patterns and the high imports of vegetable oils and fats. As per a report by Jiangnan University, China, the consumption of vegetable oils in China has been increasing year by year. The top vegetable oils consumed in China included soybean oil, rapeseed oils, palm oil, and peanut oil. India is the world’s second-largest consumer and the largest importer of vegetable oils. The country is expected to maintain a high per capita consumption level, reaching 14 kg/capita by 2030.

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The Key players in this market include Associated British Foods PLC (UK), Archer Daniels Midland Company (US), Bunge Limited (US), Wilmar International Limited (Singapore), United Plantations Berhad (Malaysia), Unilever PLC (UK), Ajinomoto Co., Inc. (Japan), Mewah International Inc. (Singapore), Cargill, Incorporated (US), Richardson International Limited (Canada), International Foodstuff Company (UAE), Goodhope Asia Holdings Ltd. (Singapore), Vega Foods (Singapore), Welch, Holme & Clark Co., Inc. (US), Oleo Fats (Philippines), CSM Ingredients (US), AAK International (UK), Fuji Oil Co., Ltd. (Japan), Gemini Edible & Fats India Pvt Ltd. (India), and K S Oils (Singapore).

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Growth Strategies Adopted by Major Players in the Nutraceutical Excipients Market

The Report " Nutraceutical Excipients Market by Functionality (Binders, Fillers & Diluents, Coating Agents, and Flavoring Agents), End Product (Prebiotics, Probiotics, Proteins & Amino Acids, and Vitamins), Form (Dry and Liquid), and Region - Global Forecast to 2025", The global nutraceutical excipients market size is estimated to account for about USD 3.4 billion in 2020 and projected to reach a value of nearly USD 4.9 billion by 2025, growing at a CAGR of 7.3% from 2020 to 2025. The market for nutraceutical excipients market has been growing in accordance with the rise in demand and consumption for nutraceuticals, around the globe. The consumption of dietary supplements in the form of tablets and capsules has been witnessing an upsurge demand in recent times, owing to the growing awareness for health benefits offered by these products that helps to support the wellbeing of the consumers. The key driving factors of the nutraceutical excipients market include increasing consumer concerns regarding maintaining a balanced diet and growing consumer awareness about several diseases caused due to lack of intake of necessary nutrients as a result of imbalanced dietary lifestyles. Food fortification is one of the major trends, which is also fueling the nutraceutical excipients market in the functional food & beverage industry.

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By functionality, the binders segment is estimated to account for the largest share in the nutraceutical excipients market in 2020

 

Based on functionality, binders accounted for the largest market share in 2019, followed by the fillers & diluents functionality segment. Binders are increasingly being used by dietary supplement manufacturers since these excipients are formulated to act as an adhesive to “bind together” powders, granules, and other dry ingredients to impart the required mechanical strength. Binders can also help in adding volume to low-active dose tablets, resulting in producing effective tablets with appropriate actives by holding the ingredients together. In addition, some binders also act as fillers and diluents in an array of application products, namely magnesium stearate, which is widely used as food and supplement additive. Due to factors such as versatility and vital importance in gaining product efficiency, binders are gaining traction. They are witnessing a rise in consumption as an excipient in the nutraceutical industry.

 

The segment estimated to account for the largest share in the nutraceutical excipients market in 2020, by end-product is the probiotics segments.

 

Probiotics are yeast and good bacteria that are beneficial for consumers, as they enhance digestion and gut health, improve immunity, increase nutrient absorption, and lower the chances of food allergies. Probiotic products are offered in different forms, including yogurt and drinks, and supplement forms such as tablets and capsules. However, there are two main challenges to develop a probiotic formulation viable for commercial utilization. The first one is the quality of health attributes that the probiotic organisms can confer, and the second one is the stability of the formulation till the end of its shelf life. Companies are focusing on developing and offering probiotic blend products, which includes APIs (Active Pharmaceutical Ingredient), containing probiotic formulations by using different types of excipients. Among the excipients used in these blends for probiotics formulation, mannitol was found the most suitable, which helped in the enhancement of the shelf life of end-products.

 

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North America is estimated to dominate the nutraceutical excipients market in 2020

 

North America accounted for the largest market share in 2019. The nutraceutical excipients market in North America is dominating, owing to the concentration of the global players such as DuPont (US), Kerry (Ireland), Cargill (US), and Ingredion (US). The market for nutraceutical excipients here is mature, and hence, the growth is moderate compared to other regions. Other factors contributing to the growth of nutraceutical excipients in North American region include the busy lifestyle of consumers, prevalence of chronic diseases due to hectic lifestyles, and an increase in awareness among consumers regarding the health benefits of nutritional foods, including food supplements, which has driven the demand for functional food products. In addition, the use of technological advancements and new product launches have made excipients available for a wide range of applications in the fortified food & beverage, dietary supplements, and nutraceuticals sectors, which is projected to drive the growth of the market in the region.

 

This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies in the nutraceutical excipients market.  The key players in the nutraceutical excipients market include DuPont (US), BASF SE (Germany), Kerry Group PLC (Ireland), Ingredion Plc (US), Sensient Technologies (US), Associated British Foods (UK), Roquette Freres (France), Meggle Group Wasser (Germany), Cargill Inc (US), Ashland Global Holdings Inc (US), Seppic (France), Shin-Etsu Chemical Co Ltd (Japan), Fuji Chemical Industries Co Ltd (Japan), Pharmatrans Sanaq AG (Switzerland), Pioma Chemicals (India), Gattefosse (India), W.R.Grace & Co (US), Omya (Switzerland), Grain Processing Corp (US), and Gangwal Chemicals Pvt Ltd (India). The nutraceutical excipients market also consists of key start-up players, which include IMCD (Netherlands), Hilmar Ingredients (US), Innophos Holdings Inc (US), JRS Pharma (Germany), Biogrund GmbH (Germany), Pharma Line Intl Corp (South Korea), Jigs Chemical (India), Panchamrut Chemicals (India), Azelis Chemical Ltd (Europe), and Daicel Group (Japan).