Thursday, September 29, 2022

Modified Starch Market Growth by Emerging Trends, Analysis, & Forecast

The global modified starch market is estimated to be valued at USD 13.7 billion in 2022. It is projected to reach USD 15.9 billion by 2027, recording a CAGR of 3.1% during the forecast period. Modified starches are manufactured from native starches. Various processing methods such as physical, enzymatic, wet & dry chemical processes, drum drying, and extrusion are used to produce different types of modified starch products. These processes are used to change the properties of native starch, such as its freeze-thaw stability, acid or alkali resistance, and shear stability to meet industrial requirements. Modified starches are used for functions such as thickening, stabilizing, binding, and emulsification. Apart from food products, it is also used in a wide range of non-food applications and the animal feed industry.
 
Modified Starch Market
 
 
Key players in this market include Tate & Lyle (UK), Archer Daniel Midlands Company (US), Ingredion Incorporated (US), and Avebe (Netherlands)
 
Tate & Lyle is engaged in the manufacturing and marketing of food and industrial ingredients. It operates through three business segments, namely products, food & beverage solutions, and sucralose. These three business units are sustained by globalized support services, innovation & commercial development, and global operation groups. It serves a broad range of applications in food & packages, animal feed, industrial, pharmaceuticals & personal care. Starch products are offered through its primary products business segment. The company has expanded its global presence by acquiring new facilities. It continuously upgrades its portfolio by launching new products. It also focuses on the geographical expansion of production facilities and sales centers in countries such as China and Japan. In March 2020 Tate & Lyle launched its new line of clean-label starches for freeze-thaw stability. The new range of products was named CLARIA EVERLAST. The new clean-label starches would provide superior shelf stability. They included cook-ups and instant starches made from corn and tapioca starch.
 
Archer Daniel Midlands Company (ADM) is primarily engaged in the food processing and trading of commodities. It is one of the key players in the agricultural processing and food ingredient industry sectors. The company is involved in the trade, transportation, storage, and processing of a wide range of grains and commodities such as corn, oilseeds, wheat, and cocoa. It offers a range of modified starches through its carbohydrate solutions business segment. The company’s network spans more than 140 countries around the world. It operates globally through 272 processing plants and more than 470 crop procurement facilities, where cereal grains and oilseeds are processed into products used in the food, beverage, nutraceutical, industrial, and animal feed markets. The company operates its business through several subsidiaries such as Golden Peanut Company LLC (US), ADM Milling (US), ADM do Brasil Ltda (Brazil), WILD Flavors, Inc. (US), and ADM Hamburg AG (Germany).
 
Ingredion Incorporated (formerly Corn Products International, Inc.) is one of the leading providers of ingredient solutions to the food, beverage, brewing, health & nutrition, personal care, animal nutrition, and pharmaceutical industries, including various industrial sectors. The company processes cereals & grains, such as corn, tapioca, wheat, and potatoes. The products are used in processed food applications as fat replacing, gelling, glazing, stabilizing, or texturizing agents. The company is the leading manufacturer of corn-based starches and sweeteners in South America.
 
Ingredion operates through its processing and manufacturing facilities across North America, South America, Asia Pacific, Europe, the Middle East, and Africa. The company has 43 manufacturing facilities and operates globally through its subsidiaries, which include Corn Products Germany GmbH (Germany), Corn Products Espana Holding LLC (Spain), National Starch & Chemical (Thailand) Ltd), Ingredion Singapore Pte. Ltd. (Singapore), Ingredion Mexico, S.A. de C.V. (Mexico), and CP Ingredients India Private Limited (India).
 
 

In 2021, North America accounted for a market share of 21.6% in the global modified starch market. The North American modified starch market is completely driven by the US market. The US modified starch industry has witnessed technological advancement, which has increased its usage in various industries. In the US, modified starch is primarily used in canned soups and in blends where its thickening power is exploited, especially for fill viscosity. It is also used as a base for gelling agents in confections, for thickeners in products such as pastry and pie fillings, and in instant puddings. The growing trend of ready-to-eat meals and processed food is also driving the modified starch market in the region. Modified starch is frequently used in food applications due to its functional properties.

Fruit and Vegetable Processing Market Growth by Emerging Trends, Analysis, & Forecast

The fruit and vegetable processing market is estimated to account for nearly USD 8.7 billion in 2022 and is projected to reach a value of nearly USD 11.8 billion by 2027, growing at a CAGR of 6.4% from 2022. The demand for fruit and vegetable processing is increasing significantly, due to the increasing consumption of processed fruit and vegetable products in developing countries such as China, India, South Africa, and Brazil.
 
Fruit and Vegetable Processing Market
 
 
Key players in this market include GEA Group (Germany), Alfa Laval (Sweden), JBT Corporation (US), Heat & Control Inc. (Sweden), Krones AG (Germany), Bühler (Switzerland), Marel (Iceland), Bigtem Makine A.S. (Turkey), Fenco Food Machinery S.R.L (Italy), Anko Food Machine co., Ltd (Taiwan), Syntegon Technology GmbH (Germany) and Finis (US).
 
The companies are focusing on offering a diverse range of fruit and vegetable processing equipment technologies that comply with government regulations and policies across regions. For example, Gea has extended homogenizer range with GEA Ariete Homogenizer 3160 for food industry. GEA Ariete Homogenizer 3160, It features up to 1500 bar, with significantly increased flow rate capacity between 200 and 1200 bar. Additionally March 2021, Buhler has introduced CHRONOS OML-1060 fully automated machine, it a automated solution for food & feed industries.
 
GEA Group is one of the leading technology suppliers for the food processing industry. The company provides customized solutions in food, dairy processing, dairy farming, beverage processing, pharma, chemical, marine, leisure & sport, land-based transportation, and utilities. The company’s international level industrial technology specializes in machinery and plants as well as process technology, components, and comprehensive services. The company operates through five segments, namely separation & flow technologies, liquid & powder technologies, food & healthcare technologies, refrigeration technologies, and farm technologies.
 
The company has its presence in more than fifty countries across the globe, spanning North America, South America, Europe, Africa, and Asia Pacific. The group operates through its subsidiaries, which include GEA Procomac S.p.A (Italy), GEA Process Engineering Private Limited (India), GEA Food Solutions Brasil Comércio de Equipments Ltd (Brazil), GEA Food Solutions North America, Inc. (US), and GEA Food Solutions UK & Ireland Limited (UK).
 
Bühler is primarily engaged in providing industrial solutions for processed food, commodity food, die casting, renewable energy, and feed. Bühler operates through four business segments—grains & food, consumer foods, advanced materials, and corporate functions. The company, through its subsidiaries, manufactures and markets food and chemical processing, die casting, and material handling machinery. It offers products for various industrial applications, such as cleaning, optical sorting, milling, grinding, sifting & grading, mixing, wet grinding, extrusion & dough preparations, and ingredient handling.
 
The company’s core technologies are in the areas of mechanical and thermal process engineering. Bühler also offers industrial services, such as machinery repair, strategic consulting, process plant optimization services, energy consulting, and manufacturing & logistics services. The company has its presence in 140 countries around the world, including North America and Europe.
 
 

The Asia Pacific is estimated to account for the largest market share in the processed fruits & vegetables market in 2022. The fruit & vegetable processing industry in developing economies such as Asia Pacific and South American countries has developed due to factors such increasing number of working women and middle-class population, bulk production of various agricultural products, and government subsidies in countries such as India, coupled with trade liberation.

Wednesday, September 28, 2022

Agricultural Sprayers Market to Showcase Continued Growth in the Coming Years

The global agricultural sprayers market is estimated at USD 2.5 billion in 2022. It is projected to reach USD 3.5 billion by 2027, recording a CAGR of 6.8% during the forecast period. Due to significant advancements in farming and spraying technology, the market for agricultural sprayers is growing. Sprayers are becoming more common in developing economies like China, Russia, and Brazil for crop protection. Farm operators now depend on sprayers to apply insecticides, herbicides, and fertilizers in the field pre and post-harvest as needed. Farmers can apply chemicals more precisely and efficiently due to the technological developments in agricultural sprayers.
 
Agricultural Sprayers Market
 
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The Agricultural sprayers market consists of a few globally established players such as John Deere (US), CNH Industrial NV (UK), Kubota Corporation (Japan), Mahindra & Mahindra Ltd (India), STIHL AG (Germany), AGCO Corporation (US), YAMAHA Motor Corporation (Japan), Bucher Industries AG (Switzerland), DJI (China), Exel Industries (France), Amazonen Werke (Germany), B group Spa (Italy), Case IH (US), HD Hudson Manufacturing Co (US), and Buhler Industries Inc (Canada). Strategic partnerships were the dominant strategy adopted by the key players, followed by expansions and new product launches. These strategies have helped them to increase their presence in different regions and industrial segments.
 
John Deere is one of the leaders in the field of agricultural products since the introduction of automatic guidance equipment and yield monitors in the late 1990s. It manufactures equipment for agricultural, construction, turf, and forestry industries. The company’s financial services, machinery parts services, power systems, and the intelligent solution group businesses support and differentiate its equipment business. The agricultural product portfolio of the company consists of tractors, sprayers, mowers, loaders, shredders & cutters, scrapers, and precision agricultural technology. Agricultural variable-rate technology is offered as a part of the precision agriculture segment. The main subsidiaries of the company are Gan-Gvat Assets Ltd. (Israel), John Deere GmbH (Germany), Jenco Wholesale Nurseries Inc. (US), John Deere S.A. (Mexico), and John Deere Agricultural Machinery Co. Ltd. (China). The majority of John Deere’s business is concentrated in the North American countries of the US and Canada. Europe, Russia, India, Brazil, and China are the other key markets of the company.
 
CNH Industrial NV is among the global leaders in the manufacturing, designing, marketing, selling, and funding of farm machineries across the globe. The company has 12 brands that cater to agricultural and construction industries. The company has presence around 180 plus countries across the globe alongwith 49 research and development centers, and 64 manufacturing facilities. CNH Industrial NV specializes in offering speciality vehicles for firefighting, as well as defense. The agricultural equipment segment of CNH industrial offers farm machinery and tools such as self-propelled sprayers, material handling equipment, two-wheel and four-wheel drive tractors, harvesters, planting & seeding equipment, hay & forage equipment, and soil preparation & cultivation implements. This equipment is marketed and manufactured under the New Holland Agriculture brands, Case IH Agriculture, and Steyr brands. As far as agricultural sprayer is conserved, it is marketed under the banner of Case IH Agriculture.
 
Kubota Corporation is a global manufacturing company specializing in farm & industrial machinery and water & environment products, with a corporate presence in more than 100 countries. The company has segmented its product line as follows: agriculture, water, and lifestyle. The agriculture unit of the company manufactures tractors, harvesters & transplanters, mowers, balers, cultivation, spreading, and seeding equipment, and other agricultural machinery & implements. The company serves its agricultural sprayers through its acquired company, Kverneland Group, with the Kverneland brand name. This company was acquired in May 2012. Kubota Corporation’s plants, factories, and business centers are majorly located in Japan. The company has a wide geographical coverage through group companies located in North America, Asia & Oceania, and Europe. Kubota Tractor Corporation (US), Great Plains Manufacturing, Inc. (US), Kubota Canada Ltd. (Canada), Kubota Korea Co., Ltd. (South Korea), Kubota China Holdings Co., Ltd. (China), and Kubota Europe S.A.S. (France) are some of the subsidiaries of Kubota Corporation.
 
Mahindra & Mahindra Ltd. is engaged in the business of farm equipment and automotive. It is one of the leading players in the manufacturing and marketing of tractors, utility vehicles personal & commercial vehicles, application, and light trucks, among others. The company has a strong presence in agribusiness, components, aerospace, consulting services, energy, and industrial equipment. The company’s farm equipment and agri-business are the largest contributors to the Mahindra Group, which includes 27 businesses, 18 subsidiaries, and nine companies. Other than the equipment segment, it is also engaged in an end-to-end agriculture value chain by providing fertilization, irrigation, seeds, and varied agriculture, and allied businesses.
 
 

India, Australia, Japan, and other nations in the Asia-Pacific region are traditional agricultural countries. Traditional agriculture relied primarily on human labor and draught animals. The majority of modern agricultural operations depends on machinery, particularly fast, potent tractors, combines, and implements. Tractors with mounted and trailed implements such as sprayers allow the mechanization of many agricultural operations. Due to the increasing average farm size, larger, more upgraded sprayers are being used to meet farm needs rather than older, less efficient ones. This will drive market growth in the Asia-Pacific region during the forecasted period.

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

The global textured vegetable protein market is estimated to be valued at USD 1.4 billion in 2022. It is projected to reach USD 1.9 billion by 2027, recording a CAGR of 6.9% during the forecast period. The textured vegetable protein market is witnessing significant growth in the current market scenario for alternative proteins. The changing consumer preference and interest in vegetable protein sources due to its nutritional profile, inclination toward clean eating, rise in health and environmental concerns, and animal welfare have led to the growth of plant-based meat and ingredients, which include textured vegetable proteins obtained from soy, wheat, and pea.
 
Textured Vegetable Protein Market
 
 
The key players in this market include ADM (US), Roquette Frères (France), Ingredion (US), DuPont (US), The Scoular Company (US), Beneo (Germany), Cargill, Incorporated (US), MGP (US), Shandong Yuxin Biotechnology Co. Ltd. (China), Axiom Foods, Inc., (US), PURIS (US), Kansas Protein Foods (US), and DSM (Netherlands).
 
ADM is one of the global leaders in the nutrition segment. The company has pioneered textured vegetable protein innovation for over 75 years and accounts for one of the largest soybean processors in the world. The company operates through four major business segments: Ag service and oil seeds, carbohydrate solutions, nutrition, and other business. It offers textured vegetable protein under the nutrition segment, mainly used in food applications, such as alternate meat products, snacks, stew, and dairy alternatives. ADM is among the key innovators in the texturized vegetable protein market, pioneering in developing textured soy protein using defatted soy flour.
 
ADM operates through processing and manufacturing facilities across the US and worldwide. It competes with the world’s leading textured vegetable protein manufacturers, such as Ingredion (US) and Cargill, Incorporated (US). ADM operates through processing and manufacturing facilities across the US and worldwide. Its network spans more than 200 countries. In September 2020 ADM launched Arcon T textured pea proteins, Prolite MeatTEX textured wheat protein. These highly functional protein solutions improve the texture and density of meat alternatives. Hence, by expanding its product portfolio company can cater demand of meat-like texture protein.
 
Cargill, Incorporated is a global conglomerate catering to the demand in various industries. The company comprises 75 businesses classified into four key segments: agriculture, food, financial services, and industrial products. It offers its plant protein products under its food segment to meet the demand for food ingredients. The company has been primarily focusing on accelerating growth in markets, such as global protein, specialty ingredients, and health & nutrition products, due to the rising demand among consumers. It has been focusing on providing similar flavor and textured substitutes for conventional food products and innovations in textured vegetable protein.
 
The company operates in around 70 countries. It has an additional sales presence in nearly 125 countries across North America, Latin America, Asia Pacific, Europe, the Middle East, and Africa. In May 2022 Cargill constructed a new soybean processing plant in Southeast Missouri. This development will help the company meet the expanding domestic and global demand for oilseeds, which is being driven by the food, feed, and fuel markets.
 
Roquette Frères is a privately held company that produces and markets food ingredients. It processes raw materials, such as corn, wheat, potatoes, and peas, into various ingredients for different food and non-food applications. Roquette Frères’ products find applications as ingredients in the food, pharmaceutical, paper, corrugated board, fermentation, chemistry, and industrial applications. The products offered by the company can be broadly divided into starch-based products, sugars & dietary fibers, polyols & fine chemistry products, proteins & their derivatives, fibers, oils & soluble products, cereal sugars, beta cyclodextrins, and bioethanol. The company provides textured vegetable proteins under its human food & nutrition segment. NUTRALYS textured vegetable protein, which is derived from various sources, such as pea, wheat, finds applications in dairy and meat alternatives and performance nutrition.
 
 

The North American region hosts a substantial production base for textured vegetable protein processing. Major ingredient manufacturers, such as DuPont (US), ADM (US), Cargill (US), and CHS (US), have been bolstering their product development capabilities to offer meat alternatives as per the changing consumer preferences in the region. Canada has been the largest producer of peas for textured pea protein processing with the presence of multiple existing and upcoming processing units in Manitoba. According to a study published by the Government of Canada in 2019, Canada estimates a surge of 30% in pea production up to 4.7 MT by 2020 in the region. On the other hand, the US is a key producer of soybeans and wheat in the region.

Glucose, Dextrose, and Maltodextrin Market Growth by Emerging Trends, Analysis, & Forecast

The glucose, dextrose, and maltodextrin market is projected to reach USD 51.87 billion by 2024, at a CAGR of 7.0% from 2018, in terms of value. The market for glucose, dextrose, and maltodextrin is driven by the increase in demand from the beverage industry, intense research & development activities, and an increase in demand for convenience foods. The demand for glucose, dextrose, and maltodextrin in the food & beverages segment, is expected to witness significant growth in the near future, as major food & beverage companies are expected to increase the application of glucose, dextrose, and maltodextrin due to their multiple benefits, including their role as sweeteners, binders, emulsifiers, and thickening agents. However, growth in demand for gums as an alternative to glucose, dextrose, and maltodextrin restrains the market growth.
 
Glucose, Dextrose, and Maltodextrin Market
 
 
Starch derivatives are produced by enzymatically, physically, and organically altering the characteristics of native starch. Glucose, dextrose, and maltodextrin are among the major starch derivatives used. Glucose is a sweetener used in a range of food products. It is produced from the hydrolysis of starch. Dextrose is a dextrorotatory form of glucose. It is used in baking products such as cake blends and toppings, snack food items such as cookies, and desserts such as custards and sherbets. Maltodextrin is a moderately sweet or flavorless sugar, which is easily digestible, and is absorbed as rapidly as glucose.
 
They perform numerous functions and hence find application in various industries. They act as thickening agents and stabilizers in the food & beverage industry. They act as key ingredients in the pharmaceutical industry by performing the function of a binder in the production of tablets. These are also used as emulsifiers in the personal care & cosmetics industry.
 
The glucose, dextrose, and maltodextrin market include players such as ADM (US), Ingredion (US), AGRANA (Austria), Tate & Lyle (UK), Cargill (US), ROQUETTE (France), Grain Processing Corporation (US), Avebe Group (Netherlands), Tereos (France), Global Sweeteners Holdings (Hong Kong), Gulshan Polyols (India), and Fooding Group Limited (China).
 
The market is concentrated with key players adopting expansions & investments, new product launches, acquisitions, and joint ventures, partnerships, and agreements with other players to strengthen their business, explore new & untapped markets, expand in local areas of emerging markets, and develop a new customer base for long-term client relationships.
 
Cargill manufactures and markets food, agricultural, financial, and industrial products & services. The company’s key business segments include animal nutrition & protein, food ingredients & applications, origination & processing, and industrial & financial services. It offers nutrition expertise and feeding solutions to help optimize animal production operations. It also offers numerous functional food ingredients and starch derivatives majorly to the food & beverages and personal care industries. Its core competencies lie in supply chain management, risk management, and research & development.
 
The company has subsidiaries in 70 countries. It has R&D centers in Europe and North America, and provides services in Africa, Europe, Asia, South America, North America, and the Middle East; this enables it to have a significant global market presence.

Cargill’s strategy is directed toward becoming a key supplier in the global starch market through expansions. In line with this strategy, the company focuses on bringing new innovations to its starch product portfolio as well as the expansion of its production scale and geographic operations in high-growth markets through acquisitions. In October 2017, launched functional native starches under its new SimPure brand to meet the demand of its customers for label-friendly products of favorable taste and texture.
 
Archer Daniels Midland Company (ADM) is primarily engaged in the production of food ingredients, animal feed & feed ingredients, biofuels, and naturally derived alternatives to industrial chemicals. The company functions through four segments, namely, oilseed processing, corn processing, WILD Flavors & Specialty Ingredients, and agricultural services. It is a leading manufacturer of protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other value-added food & feed ingredients. The corn processing segment is engaged in corn wet milling and dry milling activities, converting corn into sweeteners, starches, and bio-products. The sweeteners and starch category comprise corn syrups, dextrose, and maltodextrin required in food. ADM has its presence in North America, Europe, the Middle East, Africa, and Asia Pacific, which contributes to its core competency of having a global infrastructure.
 
 

The key strategy adopted by ADM is innovation, through which merges its business with other food processing companies and expands its business geographically in the starch industry. For instance, in March 2018, the company entered into an agreement to acquire a 50% equity stake in the sweeteners and starches business of Aston Foods (Russia), to expand its food & beverage segment in Russia.

Tuesday, September 27, 2022

Agricultural Testing Market to Showcase Continued Growth in the Coming Years

The global 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, and rapid industrialization leading to the disposal of untreated industrial waste into the environment.
 
Agricultural Testing Market
 
 
Key players in the agricultural testing market include SGS (Switzerland), Intertek (UK), Eurofins (Luxembourg), Bureau Veritas (France), ALS Limited (Australia), and TÜV NORD GROUP (Germany). Furthermore, Mérieux (US), AsureQuality (New Zealand), RJ Hill Laboratories (New Zealand), SCS Global (US), Agrifood Technology (Australia), and Apal Agricultural Laboratory (Australia) are the other players that hold a significant share in the agricultural testing market.
 
SGS is one of the active players in the agricultural testing market; it is involved in inspection, verification, testing, certification, and quality assurance services. The company has a range of agricultural testing offerings for various samples such as soil, water, and seed. It has R&D centers and adopts new techniques as per technology advancements. The company has become a renowned brand in the industry for its quality and client base. It focuses on strategic acquisitions and expansions to increase its capacity and strengthen its business network.
 
Eurofins Scientific is an international group of laboratories that provide testing and support services to the pharmaceutical, food, agricultural, environmental, and consumer products industries, as well as to governments. Its strong infrastructure helps it cope during peak periods of testing demand from clients. The major strengths of the company are its widespread global network and its testing services of superior technical quality and regulatory thoroughness. The company continues to generate significant growth by way of constant acquisitions. In January 2018, Eurofins acquired Tsing Hua Testing & Analysis Co., Ltd. (Vietnam), a leading player in environmental and agricultural testing market for water and soil. With this acquisition, the company expanded its reach in Vietnam.
 
Intertek is a provider of quality and safety services. It serves manufacturers, retailers, governments, and traders across various industries, globally. The company has a global network of over 1,000 laboratories, including 20 high-tech food testing laboratories in Germany, Great Britain, and Shanghai, and testing facilities in Beijing, India, Vietnam, and the Philippines. It focuses on expansions as its key strategy to develop networks. In November 2017, Intertek expanded its agricultural testing laboratory in New Orleans (US) and upgraded its equipment in order to enhance its agricultural testing services in the US.
 
 

Europe accounted for the largest market share in the agricultural testing market. The dominant share of this region is attributed to the stringency in food safety, environmental, and agricultural regulations and laws pertaining to the nutritional content, chemicals, and labeling. Europe also has the highest number of testing laboratories among all regions. The Asia Pacific market is projected to grow at the highest CAGR from 2017 to 2022 and is driven by China, Japan, India, and Australia; this growth can be attributed to the increase in awareness about food safety norms and implementation of regulations for their testing in these countries.

Grain Silos and Storage System Market to Witness Unprecedented Growth in Coming Years

The grain silos and storage systems market is estimated to be valued at USD 1.3 billion in 2020 and is projected to reach USD 1.6 billion by 2025, recording a CAGR of 4.8% during the forecast period. The growth of the grain silos and storage system market is driven by factors such as the increase in production of high-quality grains through effective storing, and efficient post-harvest management of grains to drive the market growth.
 
Grain Silos and Storage System Market
 
 
The key manufacturers in the grain silos and storage system market include AGCO Corporation (US), AGI (Canada), Silos Córdoba (Spain), PRADO SILOS (Spain), and Symaga (Spain) are some of the key service providers across the globe. Expansions and agreements, partnerships, and collaborations were some of the core strengths of the leading players in the grain silos and storage system market. These strategies were adopted by the key players to increase their market presence. It also helped them diversify their businesses geographically, strengthen their distribution networks, and enhance their product portfolios.
 
AGCO Corporation is a global leader in the design, manufacture, and distribution of agricultural equipment. It is the largest manufacturer of steel farm bins and commercial grain storage bins. It provides these products through its brands; GSI and Cimbria. The company has presence across all the continents.
 
Founded in 1947 in Denmark, Cimbria (a subsidiary of AGCO) develops, manufactures, supplies, and installs equipment and plants for handling, storage, sizing, treatment of grain and seed products, in addition to control and automation systems. It is backed by 900 employees. The company has production facilities in Denmark, Austria, Italy, and the Czech Republic. It has subsidiaries in 18 countries and has agents spread across 45 countries. It provides square silos used for the storage of a wide variety of grains. The company was acquired by AGCO in 2016.
Founded in 1972, GSI is the world's largest manufacturer of steel farm bins, commercial storage grain bins, and grain silos, with presence in over 70 countries. It has been operating as a subsidiary of AGCO since 2011.
 
AGI is a global leader in the manufacturing of grain, feed, and fertilizer handling, storage, and conditioning equipment, including augers, belt conveyors, grain storage bins, grain handling accessories, grain aeration equipment, grain drying systems, and fertilizer handling and storage systems. The company operates across five platforms — seed, fertilizer, grain, feed, and food. It is backed by over 35 brands that are among the most recognized equipment manufacturers in the global agriculture industry. Of these 35 brands, AGI Brasil, FRAME, MFS, SABE, Twister, and Westeel are involved in the manufacturing of grain silo and grain bins. AGI has manufacturing facilities in Canada, the US, Brazil, and Italy and distributes its products globally.
 
AGI Brasil (Brazil) is a leading manufacturer of grain storage, handling, and conditioning equipment, including grain bins, bucket elevators, dryers, and cleaners.
 
Silos Córdoba is a leading manufacturer of steel silos for grain storage. The company offers flat silos, hopper silos, truck load silos, and farm silos. The flat silos and hopper silos are used for storing all types of grains, seeds, and legumes, while the farm silos are used for storage of animal feed in livestock, poultry, and swine farms. Truck load silos are used for storage and later dispatch of bulk products such as granulates and flour. It has presence in over 50 countries.
 

The market for grain silos & storage system is projected to grow at the highest CAGR in the Asia Pacific. With the presence of densely populated countries, such as China and India, the Asia Pacific region is projected to be one of the key markets for grain silos and storage system. The region’s increasing population and rising income levels are factors that are projected to drive the demand for food and agricultural commodities in the coming years. On the other hand, the region has limited arable land, inadequate water, low farm yields, and increased soil degradation conditions due to urbanization. China and India are ranked first and second, in terms of rice and wheat production, at the global level.

Nutraceutical Excipients Market to Showcase Continued Growth in the Coming Years

The global nutraceutical excipients market size is estimated to account for nearly USD 3.4 billion in 2020 and projected to grow at a CAGR of 7.3%, to reach nearly USD 4.9 billion by 2025. The market for nutraceutical excipients is been witnessing rise in demand, owing to the increase in consumption of nutraceutical in the global market. Consumers in the global market are increasingly preferring dietary supplements and fortified food & beverage products as a part of their daily dietary lifestyles. This gives immense opportunities for growth of nutraceutical excipients, which are largely used binding, coating, filling, coloring, flavoring, disintegrating, and lubricating agent. It is an inactive ingredient that is added along with the active nutraceutical ingredients in the product formulation. Furthermore, developed countries such as the US is already witnessing an upshift in the demand, however, the growth potential for nutraceutical excipients is growing at an exponentially high rate in the Asia Pacific and European countries.
 
 Nutraceutical Excipients Market
 
 
Nutraceutical excipients are non-active nutraceutical ingredients that are included in the production of nutraceutical formulations. Excipients are also used to enhance the therapeutic effects of active ingredients in the final dose. Nutraceutical active ingredients are biologically functional molecules or components, which affect the nutritional uptake, balance, and health of a human body, and that mostly aims to supplement the nutritional profile provided by staple foods. Moreover, excipients are essential for the timely and precise delivery of nutraceutical components. In addition, maintaining optimum levels of active ingredients in the nutraceutical products, such as vitamins and minerals, is a key function of excipients.
 
The key players in this 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 key market 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 nutraceutical excipients.
 
Major players in the market are mainly focusing on undertaking expansions for developing research centers to meet the growing requirements of the end-industry manufacturers by formulating innovative products/solutions. The core strengths of the key players identified in this market are growth strategies such as expansions & investments and mergers & acquisitions. The undertaking of mergers & acquisitions as a key growth strategy has enabled the market players to enhance their presence in the nutraceutical excipient market. The key players, such as DuPont (US), Ingredion Plc (US), Roquette Freres (France), and few others have undertaken these strategies to improve their distribution network, gain a stronger foothold, and enhance market share. For example, DuPont inaugurated a new facility in Oegstgeest, the Netherlands. This development will benefit the company in expanding its research capabilities for its nutrition and bioscience segment along with specifically strengthening its position in Europe, the Middle East, and Africa regions.
 
Cargill Incorporated (US), is involved in the manufacturing and marketing of food ingredients, agricultural products, risk management & financial services, and industrial products around the globe. The company’s key business segments include animal nutrition, food & beverage, bio-industrial, food service, agriculture, risk management, meat & poultry, industrial, beauty, pharmaceutical, and transportation. It offers a wide range of excipient products under its pharmaceutical segment to several players in the pharmaceutical and nutraceutical industry.
 
Associated British Foods (ABF) Plc (UK), was formerly known as Food Investments Ltd until 1982. It is a leading manufacturer and processor of food & ingredients and is also involved in retail businesses of its food & ingredients. The company operates a majority of its business through five major segments, such as sugar, agriculture, retail, grocery, and ingredients.
 
ABITEC, an ABF ingredients company, is the major provider of excipients products, which include lubricants, binders, coating agents, and flavoring agents to various players in the pharmaceutical and nutraceutical industries. In addition, ABF commercializes a range of other excipient products through its other brand, SPI Pharma (US), a manufacturer of pharmaceutical and nutraceutical products, which offers a line of functional excipient products, catering to the demand of key players in the pharmaceutical and nutraceutical industries. SPI Pharma operates under the Associated British Foods (ABF) Plc ingredients division, ABF Ingredients (UK). Of its subsidiaries, ABF Ingredients (UK) has a global presence in nine countries, which include the US, Brazil, Germany, France, the UK, Finland, India, Singapore, and China, and has nearly five companies operating under it.
 
Kerry Group Plc (Ireland), is a leading global manufacturer of food ingredient products and flavors and a supplier of value-added brands. At first, it operated as a dairy cooperative in Ireland, and in the later phase, as manufacturers of real and wholesome ingredients. It provides a broad range of excipients under its product line of pharmaceutical products through its taste & nutrition business segment.
 
 

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.

Monday, September 26, 2022

Food-Grade Gases Market Growth Opportunities by 2025

The global food-grade gases market is estimated to be valued at USD 6.7 billion in 2020 and is projected to reach USD 9.3 billion by 2025, at a CAGR of 6.7% from 2020 to 2025. Changing consumer preferences toward convenient packaging and the growing number of microbreweries across all regions are some of the factors that are driving the market.
 
Food-Grade Gases Market
 
The key players profiled in the food-grade gases market include The Linde Group& Praxair, Inc. (Germany), Air Products & Chemicals, Inc (US), Air Liquide (France), The Messer Group GmbH (Germany), Taiyo Nippon Sanso (Japan), Wesfarmers Ltd. (Australia), SOL Group (Italy), Gulf Cryo (Kuwait), Air Water, Inc. (Japan), Massy Group (Caribbean), PT Aneka Industri (Indonesia), National Gases Limited (Pakistan), SIAD (Italy), Cryogenic Gases (US), Les Gaz Industriels Ltd. (East Africa), Aditya Air Products (India), Sidewinder Dry Ice & Gas (South Africa), Axcel Gases (India), Chengdu Taiyu Industrial Gases Co., Ltd (China), Yingde Gas Group Ltd (China), Siddhi Vinayak Industrial Gases Pvt Ltd (India), American Welding & Gas (US), Ijsbariek Strombeek N.V (Belgium), Air Source Industries (US), and Purity Cylinder Gases Inc. (US).
 
 
The key market players adopted various growth strategies such as new product launches, expansions, acquisitions, partnerships, collaborations, joint ventures, agreements, and mergers to cater to the increasing demand for food-grade gases. The companies have been expanding their operations in various regions across the globe to establish themselves as the leading players in the food-grade gases market.
 
The Linde Group (Germany) is the largest player in the food-grade gases market. It is an engineering and gases company that is based in Germany. It operates through two key business segments, namely, engineering division and gases division. It has become the largest player in the industrial gases segment, globally, after the merger of Linde AG (Germany) and Praxair, Inc. (US) in 2018 to form Linde plc. Through its gases division, the company offers a variety of compressed and liquified gases as well as other chemicals. It has a vast clientele from the industrial sectors, such as aquaculture, chemicals, construction & infrastructure, food & beverages, electronics, and medical. Further, Linde has segmented its gases division, based on product area, into on-site, healthcare, cylinder gases, and liquified gases. The food & beverage industry generally uses the cylinder gases or liquified gases based on the production capacities and requirements. The Linde Group has a presence across 100 countries in 6 continents and has an extensive network of distributors and suppliers. The company primarily operates in Europe; it has gained a strong presence in the Americas after merging with Praxair, Inc. It operates through its subsidiaries—BOC (UK); Linde Consulting Group L.L.C. (US); the Linde Group (US); and the Linde Group, Incorporated (Mexico).
 
Air Liquide (France) is one of the largest players in industrial gases in the world. The company is engaged in producing and supplying gases, technologies, and services for health and other industries. It produces air gases—oxygen, nitrogen, argon, and rare gases—and other gases for aeronautic, beverage, chemical, construction, food, pharma, and metal industries. The company classifies its business activities across 3 segments, namely, gas & services, engineering & construction, and global markets & technologies. Its gas business is operated undr the gas & services business unit, which is further classified into different end-user industries, such as industrial merchants (suppliers of a wide range of different gases and application equipment to industries), large industries (steel, chemical, and refining industry), healthcare, and electronics.
 
 
The microbrewery culture is also on the rise in the North American market. There are multiple microbreweries present in the region. These microbreweries require carbon dioxide for beer dispensing. Also, the North American soft drinks market is one of the largest, with the presence of all the big brands such as Coca-Cola and PepsiCo. The soft drinks industry is one of the largest users of food-grade carbon dioxide for the carbonation of beverages.
 

The large beverage industry and rising trends of microbreweries create a huge demand for carbon dioxide in the North American region, with the US being the largest and fastest growing market. Also, because of the presence of highly organized retail chains and cold chain infrastructure, the North American market holds the largest market share in the food-grade gases market.

Sunday, September 25, 2022

Biological Seed Treatment Market Will Hit Big Revenues In Future

The global biological seed treatment market is projected to reach USD 1.7 billion by 2025, from USD 0.9 billion in 2020, at a CAGR of 11.9% during the forecast period. The market has been growing at a significant rate due to the increasing need for a sustainable approach in agricultural operations in developed countries. Strong research funding by key manufacturers on product development such as compatible combinations of biological and chemical components is expected to drive the growth of the market over the next five years.
 
Biological Seed Treatment Market
 
 
Companies such as BASF SE (Germany), Bayer AG (Germany), Syngenta Group (Switzerland), Corteva Agriscience (US) have been focusing on technological innovations in seed inoculation and patent registrations for new product launches to strengthen their market base in the concerned market. Apart from these companies, other biological seed treatment companies include Valent BioSciences (US), Verdesian Life Sciences (US), Plant Health Care (US), Precision Laboratories (US), Koppert Biological Systems (Netherlands), Italpollina (Italy), and Incotec (Netherlands), which have been strengthening their market position through product launches and distribution & technology agreements.
 
Expansions were the most used strategy by the key players in the seed treatment market. R&D centers/innovation labs were inaugurated by companies such as BASF SE (Germany), Syngenta Group (Switzerland), Koppert Biological Systems (Netherlands), and Incotec (Netherlands). Due to the overall growing demand for biostimulants and microbial-based technologies, companies such as BASF SE (Germany), Incotec (Netherlands), Valent BioSciences (US), and Italpollina (Italy) have invested in the upgradation & expansion of their existing facilities or establishment of new manufacturing facilities.
 
Bayer AG (Germany) is one of the active players in the biological seed treatment market. A considerable amount of Bayer revenue goes into research & development activities to offer innovative products and practices to the farming community across the world. Bayer has successfully pushed products into the market through its farmer engagement programs. Bayer has made significant investments in the acquisition of seed treatment technology providers and established research collaborations for the development of microbial seed treatment products through its SeedGrowth business unit. The acquisition of Monsanto (US) in 2018, has been a big milestone in Bayer’s history of developments, which has allowed the company to enhance its research on new technologies for improving the available solutions for crop protection. In 2018, the company received marketing authorization in many countries for new mixtures and formulations, which will further strengthen its global presence. It has also expanded its global presence, clubbed with high levels of investments in R&D activities to serve its customers with innovative products in biological seed treatment market.
 
Syngenta Group (Switzerland) has been a leading player in the agricultural industry by offering diverse innovative solutions to the market place. Through its product investment & partnership approach, the company focuses on delivering sustainable solutions through its seed treatment technology in order to capitalize on a growing market demand for biological solutions, and progress to a formidable position at the preliminary stage of the market. It has a strong brand image and early mover advantage due to the introduction of Clariva, the first biological nematicide for seed treatment. In October 2020, Syngenta Group announced the acquisition of Valagro (Italy), a leading Biologicals company, through its business unit Syngenta Crop Protection. Through this strategy, Syngenta Crop Protection positions itself as one of the key global companies to shape the rapidly growing biologicals market, which is set to nearly double in size over the next five years.
 
 

The increasing agricultural practices and requirement for high-quality agricultural produce are factors that are projected to drive the biological seed treatment market growth in this region. The government policies adopted by developed countries for the ban on key active ingredients are the major factors encouraging the growth of this market in the North America region. Hence, North America is projected to be the fastest-growing region in the global market. R&D investments for the development of biological seed treatment and installation of new production capacities by key players are projected to drive market growth in the next five years.

Thursday, September 22, 2022

Precision Fermentation Market to Witness Unprecedented Growth in Coming Years

The global precision fermentation market size is estimated to be valued at USD 1.6 billion in 2022 and is projected to reach USD 36.3 billion by 2030, recording a CAGR of 48.1% in terms of value. Increasing demand for protein worldwide, changing consumer tastes and preferences, and rising investments and innovations are some factors that deepen the focus on the protein industry. In recent years, substantial breakthroughs in the science of genetic engineering have enabled the cost-effective and sustainable reprogramming of microorganisms (synthetic biology) to create a wide range of specialized food protein constituents.
 
Precision Fermentation Market
 
 
Key players operating in this market include Geltor (US), Perfect Day, Inc. (US), The Every Co. (US), Impossible Foods Inc. (US), Motif FoodWorks, INC. (US), Formo (Germany), Eden Brew (Australia), Mycorena (Sweden), Change Foods (US), and MycoTechnology (US).
The key players are fixated upon improving their market shares, while newer start-ups are being established rapidly in the market. The precision fermentation market can be classified as a fragmented market as it has the presence of various regional players, accounting for a major part of the investments and funding. There are numerous existing and emerging companies, particularly in the Asian markets.
 
Geltor is a bio-design company developing technologically advanced designer proteins. The company amalgamates fermentation, biology, and protein optimization to develop sustainable and highly efficient consumer proteins with greater benefits and functionality. It creates 100% animal-free and GMO-free ingredients that are globally scalable and sustainably cultivated. The company utilizes microbes to manufacture products with plant-based and renewable inputs in a sustainable fermentation process.
 
Perfect Day, Inc. is a consumer biotechnology company and one of the foremost players and manufacturers of animal-free dairy products. The company manufactures free-from animal whey protein from microflora using safe and proven fermentation procedures. Compared to traditional whey production processes, the production of Perfect Day’s whey protein powder decreases water usage by 99%, reduces greenhouse gas emissions by 97%, and utilizes around 60% lower non-renewable energy resources, according to ISO-compliant, third-party reviewed life cycle assessment (LCA). The company collaborated with various brands in 5,000+ stores across the US. It has expanded its geographical footprint across North America and the Asia Pacific.
 
 

The North American market for precision fermentation is the largest due to the increasing awareness of healthy food ingredients and the trend of veganism and weight management among consumers. Proteins derived from precision fermentation are highly versatile and can be used in applications such as meat analogs, dairy alternatives, and meat extenders. According to research conducted by key players in the market and surveys, it has been observed that consumers demand meat alternatives to reduce their meat consumption. It has resulted in a decrease in the demand for meat. For instance, pea proteins are used by processed meat manufacturers as a replacement, thus making them more economical.

Flavor Systems Market Growth Opportunities by 2023

The global flavor systems market is estimated to account for a value of USD 5.64 billion in 2018 and is projected to grow at a CAGR of 4.3% from 2018, to reach a value of USD 6.96 billion by 2023. The creation of novel flavors driven by favorable consumer reception and cross-product usage of flavors are some of the key factors driving the growth of the flavor systems market.
 
Flavor Systems Market
 
 
On the basis of type, the fruits & vegetables segment is projected to grow at the highest rate from 2018 to 2023. Rising awareness amongst consumers regarding health and flavor popularity have led many manufacturers to include fruit & vegetable flavors in their products. As a result, the market is experiencing the highest growth rate. Furthermore, fruits & vegetables find their application in a range of food & beverage products such as beverages, savories, desserts, and bakery & confectionery products, which makes this segment a preferred one among consumers and manufacturers alike.
 
On the basis of source, the nature-identical flavors segment is projected to grow at the highest rate during the forecast period. These flavoring substances are characterized as being obtained from chemical synthesis or isolation by chemical processes, which makes them more economical in nature. Most of the commercial flavorants are also nature-identical substances, as these tend to be more stable in nature than natural flavoring extracts while being a more cost-effective option. Although nature-identical substances are formulated in a laboratory, the human body cannot distinguish between natural and nature-identical substances, which makes them safer than synthetic flavors.
 
On the basis of application, the beverages segment is projected to account for the largest share in the market during the forecast period while also being the fastest-growing one. The usage of various types of flavors in this application is largely attributed to the introduction and combination of different flavors to create elegant and aromatic combinations. Additionally, this category also includes novel flavor combinations such as flavors of fruits & vegetables and spices blended with beverages such as coffee and chocolate shake to create sweet & spicy and warm fall flavors, which makes the category the fastest-growing one.
 
On the basis of form, the liquid segment is estimated to occupy the majority of the share of the global flavor systems market. The major advantage associated with the usage of liquid flavors systems is that these flavors can be easily mixed together to achieve a homogeneous distribution of each component in the finished flavor. Due to this, the liquid segment accounts for a larger favorability among food & beverage manufacturers.
 
Flavor systems or customized blending systems for flavors, targeted to achieve mass customization goals, have garnered significant favor from manufacturers and consumers alike. Various manufacturers and quick service restaurants (QSRs) are now looking at providing consumers with highly customizable products to help create a differentiated opportunity. For instance, Starbucks uses its website “frappucino.com” to allow consumers to create new beverage options. They could add new flavors such as raspberry or strawberry or new ingredients such as protein powder to help create products that they prefer. While this allows Starbucks to analyze consumer preferences and the popularity of different flavors and ingredients, it also helps them to understand the popular blends that the company could look forward to investing in.
 
Customization in any form remains associated with increased cost of products and their premiumization aspects. As a result, customized blends of flavors or flavor systems inherently remain highly priced and affect the final cost of products. These high costs of flavor systems could be attributed to flavor extraction procedures, technological developments associated with the blending of flavors, and the extent of customization executed for the creation of a unique flavor blend. This eventually results in huge costs being incurred by manufacturers when investing in different flavor blends. Furthermore, the inclusion of these customized flavor blends in a number of different end products, in accordance with proper formulations, enhances manufacturers’ product portfolio.
 
 
In Europe, the growth of flavor systems is attributed to the growth in the. Beverages, bakery, and dairy & frozen desserts industry, with growing demand for flavor enhancers in confectionery products. Soft drinks, dairy products, frozen products, and other alcoholic and non-alcoholic beverages are the most innovative food sectors in the region, offering significant opportunities for the growth of flavoring systems.

Furthermore, the growing consumption of bakery & confectionery products, and savories & snack products, and the demand for their product variety has resulted in intensifying demand for flavor systems in these food products. The innovation in food applications, with the use of flavor systems in these industries, has resulted in new product development and increased consumption of flavor systems in different food applications in this region.

Aquafeed Market Projected to Garner Significant Revenues by 2025

The aquafeed market is estimated to be valued at USD 50.6 billion in 2020 and is projected to reach USD 71.6 billion by 2025, recording a CAGR of 7.2% during the forecast period. The growth of the aquafeed market is driven by factors such as the growth in the aquaculture industry and the growing seafood trade, which demands aquafeed. Global aquaculture production has grown rapidly during the past decades, contributing significant quantities to the world’s fish and seaweed supply for human and animal consumption. Aquaculture is an important part of the economic development of many countries and has been received positively by several governments seeking to boost their countries’ economic performance; many policies have been the introduction of policies in support of the sector.
 
Aquafeed Market
 
 
The key players in the aquafeed market include Cargill (US), Archer Daniels Midland Company (US), Alltech (US), Purina Animal Nutrition (US), Nutreco N.V. (Netherlands), and Ridley Corporation Ltd. (Australia).
 
Cargill is involved in the manufacturing and marketing of food, agricultural, financial, and industrial products and services. The company’s major business segments include food ingredients & applications; grain origination and oilseed processing; animal nutrition; and risk management and financial services. Cargill’s animal nutrition business offers a range of compound feed, premixes, feed additives, and supply chain & risk management solutions to feed manufacturers, animal producers, and feed retailers around the world. The company is one of the largest aquafeed suppliers and focuses on three core species, namely, salmon, tilapia, and shrimp. To remain competitive in the aquafeed market, recently, the company entered into a partnership with InnovaFeed (France) to develop fish feed using insect protein.
 
Archer Daniels Midland Company (ADM) produces food & beverage ingredients, feed ingredients, industrial ingredients, and biofuels. It offers aquafeed products through its subsidiary, ADM Animal Nutrition, Inc. (US). Strategies, such as expansions, joint ventures, and acquisitions, have aided the company to integrate its distribution channels to most feed producers. For instance, in April 2019, the company built a new high-tech feed facility in the US to increase the capabilities of its animal nutrition business and cater to the customers in the aquafeed industry.
 
Nutreco develops and produces animal nutrition and aquafeed products. It is a fully owned subsidiary of SHV Holdings (Netherlands). Two of the company’s global brands are Skretting (aquafeed) and Trouw Nutrition (animal nutrition). Nutreco streamlined the functioning of its business units effectively to develop and deliver product-marketing strategies for different feed segments. The company has signed agreements and joint ventures with regional players and institutions to sustain in these regional markets.
 

The global market was dominated by the Asia Pacific in 2020, in terms of value and volume; this market is majorly driven by China, which is a major producer of aquafeed. China is the leading producer, consumer, and processor of aquaculture products, contributing to about one-third to the global supply. Moreover, the processed seafood market in the region is also currently undergoing a significant transformation in response to rapid urbanization and diet diversification.

Wednesday, September 21, 2022

Latest Regulatory Trends Impacting the Rodenticides Market

According to the National Pesticide Information Center (US), ‘Rodenticides are pesticides that kill mice and rats.’ Even though rodents play an important role in nature, they are increasingly required to be controlled, as they damage crops, transmit diseases, and in some cases, cause ecological damage. Rodenticides are formulated as baits, which are designed to attract rodents.
 
The rodenticides market is estimated to be valued at USD 5.3 billion in 2022. It is projected to reach USD 7.1 billion by 2027, recording a CAGR of 5.8% during the forecast period. The rodenticides market is witnessing significant growth due to the rise in economic activities, an increase in residential and commercial construction activities, and the growth in awareness of public and environmental health.
 
Rodenticides Market
 
 
Key players in this market include Basf Se(Germany), Bayer Ag(Germany), Syngenta Ag(Switzerland), UPL Limited(India) & Neogen Corporation(US)
 
BASF SE is a leading company that produces a wide range of chemical products. It operates via six business segments, namely chemicals, industrial solutions, materials, nutrition & care, surface technologies, and agricultural solutions. BASF’s agricultural solutions segment includes functional crop care, biotechnology, turf, ornamentals and landscape, pest control, and animal nutrition. BASF uses innovative active ingredients and technologies in a wide range of pest control products to eradicate pests, such as bed bugs, termites, ants, flies, and rats. It offers innovative formulations of insecticides and rodenticides that are comparatively effective. The company has a global presence in regions, such as Asia Pacific, North America, Europe, South America, Africa, and the Middle East. In Nov 2020, BASF SE (US) launched Selontra rodent bait in Europe. It is a soft bait formulation based on the active ingredient, cholecalciferol, which makes the product three times more effective than the standard anticoagulant rodenticides.
 
Bayer AG is a global leader in agriculture research and solutions; it operates through four segments—pharmaceuticals, consumer health, crop science, and animal health. It also supplies high-quality food products, feed, and plant-based raw materials, and helps in promoting the sustainable use of natural resources. It also offers herbicides, corn seed & traits, soybean seed & traits, insecticides, fungicides, vegetable seeds, and digital agriculture solutions. Bayer AG’s subsidiary, Bayer CropScience, is involved in the development of crop protection, non-agricultural pest control, and plant biotechnology. The company produces highly palatable and fast-acting rodenticides, which are designed for professional use. These rodenticides are highly effective against all types of rodents. It has a presence in over 120 countries across the globe. The company primarily operates in Europe and has an active presence in North America, Latin America, Africa, the Middle East, and Asia Pacific. In Aug 2019, Bayer entered into a partnership with UrbanClap (India), which would facilitate the pest control products to UrbanClap for effective and safe pest management solutions for consumers in the residential segment.
 
 

The Asia Pacific market is completely driven by the country markets of China, India, Japan, Australia, Thailand, Indonesia and few other Asian counties. As the world’s largest and most populous region, Asia Pacific is one of the key markets for rodenticides. Rodents are common pests present in agricultural fields. Annually, extensive volumes of agricultural produce are destroyed and contaminated by rodents. To meet the increase in demand for food products and to reduce the crop damages caused by rodents, the use of rodenticides has increased significantly in the region. The food retail, food manufacturing, pharmaceutical, hospitality, and residential sectors are expected to be major growth verticals in this market.Asia Pacific is expected to be the fastest-growing region during the forecast period due to several reasons. One of the major drivers of the market is the fact that agriculture is one of the most significant revenue-generating sectors in China and India. The growing population within the region is urging the farmers to provide a maximum yield to fulfill the demand of the increasing population. In such cases, the increasing crop damage and decreasing food production due to rodents are expected to leverage this market positively.

Sustainable Growth Opportunities in the 3D Food Printing Market

The global 3D food printing market size is estimated to be valued at USD 201 million in 2022 and is projected to reach USD 1,941 million by 2027, recording a CAGR of 57.3% during the forecast period. The demand for 3D food printing is increasing significantly, due to the increasing consumption of customized food products in many countries across the world.
 
3D Food Printing Market
 
 
Key players in this market include 3D systems (US), TNO (Netherlands), NATURAL MACHINES (Spain), Choc edge (UK), Systems & Materials Research Corporation (US), byFlow B.V. (Netherlands), beehex (US), CandyFab (US), ZMORPH S.A (Poland) and Wiiboox (China). These players have adopted various growth strategies such as partnerships, agreements, and collaborations to increase their presence in the global market.
 
One of the key players in the global 3D food printing market is byFlow. byFlow is a family business founded in the Netherlands in 2015. It is one of the worlds leading companies in the rapidly growing market of 3D Food Printing. Its mission is to change the way food is prepared and consumed in order to contribute to a more sustainable world. They develop 3D Food Printing Technology, which enables professionals to create customized shapes, textures, and flavors using fresh or otherwise discarded ingredients. Their primary goal is to accelerate the development of innovative 3D Food Printing Technology for a wide range of applications. Their product, the Focus 3D Food Printer, is portable, easy to maintain, and simple to use, making it available to everyone. It is for sale on the open market and is already being used by Top Chefs such as Jan Smink, Caterers, Bakeries, Chocolatiers, and Food Designers who want to experiment with shapes and amaze their customers. Aside from professionals in the food industry, they collaborate with resellers and R&D centers of multinational corporations, looking for further development and applicability of the technology with them. While their primary focus is on selling and developing the Focus 3D Food Printer, they also provide services. In response to the growing interest in 3D Food Printing, we provide demonstrations and workshops at public and private events.
 
Apart from byFlow, TNO, or the Netherlands Organization for Applied Scientific Research, is also identified as a key player in this market. TNO has been developing expertise in Additive Manufacturing for over 30 years. TNO has created a high-force, high-speed extrusion printing setup that exceeds commercially available limits. Their multi-nozzle printhead platform allows for the simultaneous printing of multiple materials, and their experimental printhead platform investigates the potential of novel extrusion concepts for continuous and large-scale production. Their adaptable powder-bed platform is designed to investigate and print a wide range of liquid and powder classes The company’s core technologies are in ten societal areas Defense, Safety & Security, Artificial Intelligence, Buildings, Infrastructure, and Maritime Circular Economy & Environment Energy Transition Industry, Living a Healthy Lifestyle, Transportation & Traffic, ICT (Information and Communication Technology) and Policy & Strategic Analysis. The company has a presence in Belgium, Japan, and Netherlands.
 
 
The North America is estimated to account for the largest market share in the 3D food printing market in 2022. The presence and growth of the companies offering the 3D food printing technology in this region are boosting the market in this region. This region is projected to be the largest market during the forecast period.
 

The US is known as one of the early adopters of the new technologies in the world. The busy and fast-moving life of common people makes it hard for them to get the proper nutritious diet. The 3D food printing technology could provide an option to have customized nutritious food. Also, the US government spends the highest amount of budget on healthcare, and the benefits of 3D food printers to provide food rich in specific nutrients and with the ease of chewing and swallowing would provide a suitable option for feeding the aged patients.

Tuesday, September 20, 2022

Growth Strategies Adopted by Major Players in the Plant Breeding and CRISPR Plants Market

The plant breeding and CRISPR plants market is estimated to account for USD 7.6 billion in 2018 and is projected to reach USD 14.6 billion by 2023, growing at a CAGR of 13.95% during the forecast period. Increasing investments from the private sector and increasing consolidation of the in-house plant breeding facilities is driving the growth of the plant breeding and CRISPR plants market.
 
Plant Breeding and CRISPR Plants Market
 
 
The scope of this report includes a detailed study of leading seed manufacturers with in-house plant breeding facilities, such as Bayer (Germany), Syngenta (Switzerland), DowDuPont (US), KWS SAAT (Germany), Limagrain (France), and DLF Trifolium (Denmark), and also major service providers, such as Eurofins (Luxembourg), SGS SA (Switzerland), Pacific Biosciences (US), Benson Hill Systems (US), Hudson River Biotechnology (US), Evogene (Israel), Bioconsortia (US), and Equinom (Israel). In addition, these companies are focusing on developing, introducing, and manufacturing various seed lines utilizing advanced techniques, which enable farmers to encourage sustainable farming practices.
 
Bayer, a life sciences company, offers crop protection products, seeds, and non-agricultural pest control products. These products are offered through its business segments, namely, crop protection/seeds and environmental science. The company offers a broad product portfolio of high-value seeds and effective pest management solutions. The company operates in various regions including North & South America, Europe, Asia Oceania, the Middle East, and Africa through its production facilities. The company innovates plant traits and develops new seed varieties of cotton, canola, soybeans, rice, wheat, and vegetables, through investments in R&D activities. Bayer’s manufacturing facilities operate in 130 sites, which are spread across 34 countries. It has its distribution network and sales operations in over 120 countries. For instance, in September 2018, Bayer set up its breeding and trait development station in North Carolina (US). This expansion helps the company to increase its customer base, and thereby increase its market share in the North American plant breeding market. The company’s recent acquisition of Monsanto, which is one of the leading plant breeders, has enabled the company to utilize cutting-edge technology solutions for plant breeding processes.
 
Syngenta is a leading company that provides crop protection products. It offers over 145 crop protection products across the globe, which can be used for nearly 200 crops. It is engaged in the development, production, and marketing of various products to improve crop yield and its quality. The company operates through three business segments-crop protection, seeds, and lawn & garden. The investment in Syngenta’s seeds division has enabled it to expand its product offerings, services, and R&D facilities. The company invests more than USD 1.3 billion each year on R&D, and in 2017, it invested USD 1.2 billion on crop protection and seeds business. With the increasing investment in innovations, the company could offer new technologies that would help growers to gain higher crop yield in return of investment. New technologies offered by the company are mainly in the form of genetics and traits, which offer disease resistance, insect control, herbicide tolerance, drought resistance, and increase yields in seed varieties, complemented by innovations in digital agriculture and crop protection.
 
 

The increasing industrial value for corn and soybean in the US has been encouraging breeders to adopt advanced technologies for better yield, owing to which the adoption rate for crop genetics in this country has been high. Also, the limited regulatory control and high promotional support for intellectual property affairs in genetic technology have been extremely favorable toward the adoption of plant biotechnological tools in agriculture. Hence, North America dominated the global plant breeding market in 2017. On the other hand, there has been an ever-increasing demand for commercial seeds in the Asian market, in line with the improving economic conditions. Also, seed manufacturers such as Bayer, Monsanto, and Syngenta have been showing increasing interest in tapping this potential market, wherein the companies have been expanding their R&D centers across the Asia Pacific.

Plant-based Beverages Market to Witness Unprecedented Growth in Coming Years

The global plant-based beverages market is estimated to be valued at USD 11.16 billion in 2018 and is projected to reach USD 19.67 billion by 2023, at a CAGR of 12.0% during the forecast period. The plant-based beverages market is driven by the growing popularity of vegan diets, especially in developed countries such as the US, the UK, and Germany. Apart from this, the adoption of hectic lifestyles in the Asia Pacific and South American regions has urged consumers in these regions to opt for low-calorie options, thus, increasing the demand for plant-based beverages.
 
Plant-based Beverages Market
 
 
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.
 
The key players in the global plant-based beverages market include 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). Expansions, acquisitions, and new product launches were the core strengths of the leading players in the plant-based beverages market. These strategies were adopted by the players to increase their market presence. They also helped them diversify their businesses geographically, strengthen their distribution networks, and enhance their product portfolios. Market leaders such as The WhiteWave Foods Company (US), Blue Diamond Growers (US), Pacific Foods of Oregon (US), SunOpta (Canada), and the Hain Celestial Group (US) successfully tapped the potential markets through expansions, new product launches, and acquisitions.
 
The WhiteWave Foods Company (US) is one of the leading players in the plant-based beverages market. The company offers almond milk, coconut milk, cashew milk, soy milk, rice milk, oat milk, and hazelnut milk under its plant-based beverages portfolio. In North America, the company distributes leading plant-based beverage brands such as Silk, So Delicious, and Vega. In Europe, WhiteWave’s popular plant-based beverage brands include Alpro and Provamel. In 2017, WhiteWave (US) was acquired by Danone (US). The company focuses on new product launches, as one of its key strategies, to expand its presence in the plant-based beverages market space. For instance, in 2018, the company launched 3 new almond milk products with cashew under its “So Delicious Dairy Free” brand. Apart from this, the company also adopted other strategies such as joint ventures, acquisitions, expansions, and partnerships.
 
Blue Diamond Growers (US) is one of the world’s largest almond processing companies. The company is engaged in the almond-based products business. It manufactures almond-based snacks, beverages, and ingredients. It operates in the plant-based beverages business through its brand, Almond Breeze, which represents almond milk made from California almonds and is marketed as an alternative to dairy and soymilk. The company sells its products in over 80 countries at a global level. It focuses on expansions, as one of its key strategies, to expand in the plant-based beverages market. For instance, in 2018, the company expanded its presence in the Brazilian plant-based beverages market with the launch of “Almond Breeze”.
 
 

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).