The report “Starter Feed Market by Type (Medicated and Non-medicated), Ingredient (Wheat, Corn, Soybean, Oats, and Barley), Livestock (Ruminants, Swine, Poultry, Aquatic, and Equine), Form (Pellets and Crumbles), and Region – Global Forecast Up to 2022″, The global market for starter feed was valued at USD 21.45 Billion in 2015; this is projected to grow at a CAGR of 4.57% from 2016, to reach USD 29.15 Billion by 2022. The market is driven by factors such as the need to increase livestock production to cater to the growing demand for animal sourced products, and adoption of precision nutrition techniques.
Wednesday, March 31, 2021
Sustainable Growth Opportunities in the Starter Feed Market
Upcoming Growth Trends in the Food grade Alcohol Market
The report "Food-grade Alcohol Market by Type (Ethanol, Polyols), Application (Food, Beverages, Healthcare & Pharmaceuticals), Source (Sugarcane & Molasses, Grains, Fruits), Functionality, and Region - Global Forecast to 2022", The food-grade alcohol market is projected to reach USD 12.86 Billion by 2022, at a CAGR of 3.9% from 2017 to 2022. The market is driven increasing global beer production and popularity of craft beer. Also, the increasing consumption of alcoholic beverages in the developing regions supported with the expansion of potential export markets due to demographic and economic reasons, have developed a growing platform for increased alcohol trade which is in turn driving the food-grade alcohol market.
Tuesday, March 30, 2021
Food Encapsulation Market to Record Steady Growth by 2025
The global food encapsulation market is estimated to account for USD 9.9 billion in 2020 and is projected to reach USD 14.1 billion by 2025, recording a CAGR of 7.5% during the forecast period. The market is primarily driven by the increasing use of encapsulated flavors in the food and beverage industry and the rising adoption of microencapsulation for functional ingredients.
The polysaccharides segment accounted for the largest share in the North American food encapsulation market in 2019.
- In July 2019, DSM (Netherlands) entered into a joint venture with Evonik (Germany) to produce encapsulated omega-3 fatty acids, reducing the pressure on fish stocks, and supporting the aquaculture industry.
- In May 2017, Lycored (Israel) entered into a joint venture with a biotechnology company, Algatechnologies (Israel), to distribute Algatech's AstaPure in the form of beadlets, which will help in increasing the brand's commercial reach for this product range in the North American market.
- In January 2017, DSM (Netherlands) launched a new product, MEG-3, with new encapsulation technology.
Upcoming Growth Trends in the Food & Beverage Metal Cans Market
The report "Food & Beverage Metal Cans Market by Material (Aluminum and Steel), Type (2-Piece and 3-Piece), Degree of Internal Pressure (Pressurized Cans and Vacuum Cans), Application (Food and Beverages), and Region - Global Forecast to 2025", According to MarketsandMarkets, the food & beverage metal cans market is estimated to be valued at USD 27.6 billion in 2020 and is projected to reach USD 37.0 billion by 2025, recording a CAGR of 6.1%. The rapid growth in awareness toward environmental sustainability and recyclable properties of metal cans are the driving factors for the food & beverage metal cans market.
- In April 2019, Crown Holdings, Inc. announced the launch of round and square shorter cans in the luxury packaging market. This will help the company to broaden its product portfolio.
- In August 2019, Ball Corporation signed an agreement to sell its tinplate steel aerosol packaging facilities to Envases del Plata (Argentina), an Argentinian metal packaging company. This agreement will help the company to expand its reach in the South American region.
- In October 2019, Ball Corporation announced the construction of its new aluminum cups manufacturing plant in Rome, Georgia to cater to the growing demand for beverage packaging in the US. This new plant will help the company expand its presence in the US region.
- In July 2019, Ardagh Group launched a slimline 187 ml can particularly designed for protecting wine and wine-based drinks. This launch would help the company to expand its product portfolio.
Key Trends Shaping the Technical Enzymes Market
The global technical enzymes market size is projected to grow from USD 1.1 billion in 2019 to USD 1.5 billion by 2026, recording a compound annual growth rate (CAGR) of 4.0% during the forecast period. The increasing trend of environmental concerns in developing countries and advancements of R&D activities for technical enzymes are the major factors that are projected to drive the growth of this market during the forecast period.
- Who are the major market players in the technical enzymes market?
- What are the regional growth trends and the largest revenue-generating regions for the technical enzymes market?
- What are the key regions and industries that are projected to witness significant growth in the technical enzymes market?
- What are the major industries of technical enzymes that are projected to account for a major revenue share during the forecast period?
- In which major forms are technical enzymes majorly used, and which form is projected to dominate during the forecast period?
- What are the major sources of technical enzymes that are projected to account for a major revenue share during the forecast period?
Post-harvest Treatment Market to Witness Unprecedented Growth in Coming Years
The post-harvest treatment market is projected to grow from USD 1.5 billion in 2019 to USD 2.3 billion by 2026, recording a CAGR of 6.5% during the forecast period. This is attributed to the increasing trade of perishable products such as fruits and vegetables, which widens the application of post-harvest treatment to increase their shelf life during storage and transportation.
- In September 2019, Bayer launched a new fungicide called “Iblon.” This helped the company to enhance its product portfolio in the post-harvest treatment market.
- In September 2019, JBT launched Sta-Fresh 2850, which is a certified coating for organic fruits. It provides supershine, blush, and moisture control. This launch would help the company to expand its product portfolio.
- In September 2019, Syngenta acquired The Cropio Group, an Ag-Tech company with a presence in 50 countries, but with a focus in Eastern Europe. This will enhance the company’s presence in the international market. This acquisition would help the company to enhance its position in digital farm management.
Friday, March 26, 2021
Latest Regulatory Trends Impacting the Food Processing & Handling Equipment Market
The report “Food Processing & Handling Equipment Market by Type (Food Processing Equipment, Food Packaging Equipment, and Food Service Equipment), Application, Form (Solid, Liquid, and Semi-Solid), and Region – Global Forecast to 2025″, The global food processing & handling equipment market is estimated to be valued at USD 137.2 billion in 2019 and is projected to reach USD 196.6 billion by 2025, growing at a CAGR of 6.2%. Advancements in the food processing & packaging equipment industry, innovation in processing technology, and continuous growth in the demand for processed food are some factors that are expected to support the growth of the food & beverage processing equipment market. With the growing preference for healthy food and functional foods, manufacturers are expected to adopt new equipment to fulfill the demand for healthy functional foods & beverages. The expansion of food manufacturing capacities and growth of the food processing industry in emerging economies are also expected to support the growth of the food processing & handling equipment market.
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- In May 2019, GEA launched a new SmartPacker CX400 packaging machine, which has induction sealing capabilities for meat and poultry manufacturers. In April 2019, GEA also launched CALLIFREEZE system for the GEA S-Tec spiral freezer in the Asian market. This product would help GEA’s customers to meet their Industry 4.0 strategy requirements.
- In May 2019, Bosch Packaging Technology, a subsidiary of Bosch, launched the Pack 403, a fully-automated, narrow horizontal flow wrapper in the European and Asian markets. The company has been continuously developing innovative products according to the customers’ demands.
- In April 2019, Tetra Pak launched a connected packaging platform; this would transform juice and milk cartons into interactive information channels, digital tools, and full-scale data carriers.