Crop Protection Chemicals Market to Witness Unprecedented Growth in Coming Years

The global Crop Protection Chemicals Market size is estimated to be valued USD 63.7 billion in 2020 and is projected to reach a value of USD 74.1 billion by 2025, growing at a CAGR of 3.1% during the forecast period. The growth of this market is attributed to an increasing need for food security of the growing population.

Key players in this market include BASF SE (Germany), Dupont (US), The Dow Chemicals Company (US), Syngenta AG (Switzerland), and Sumitomo Chemical Co., Ltd (Japan).

Mergers, acquisitions, and new product launches were the key strategies adopted by the leading players in the Crop protection chemicals with a view to improving their product line and presence in the market.

BASF SE, headquartered in Ludwigshafen, Germany, is a diversified chemical company founded in 1865. BASF is listed on stock exchanges in Frankfurt (Germany), London (UK), and Zurich (Switzerland).

The company has thirteen divisions grouped into six segments, namely, chemicals, performance products, functional materials and solutions, agricultural solutions, oil & gas, and others. BASF’s crop protection division is engaged in the research, development, production, and sales of crop protection products for the improvement of crop health and yield. In 2015, 26% of the total research and development expense was on agricultural solutions.

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BASF operates globally through its subsidiaries in 80 countries with six Verbund sites, and 338 additional production sites such as BASF India (India) and BASF China (China). The major subsidiaries of the company are Wintershall Holding GmbH (Germany), Cognis (Germany), Engelhard Corporation (US), and BASF Plant Science (US).

The leading competitors of the company are Dupont (US), Bayer CropScience AG (Germany), The Dow Chemical Company (US), Syngenta AG (Switzerland), FMC Corporation (US), Nufarm Limited. (Australia), Sumitomo Chemicals Co. Ltd. (Japan), and Adama Agricultural Solutions Ltd. (Israel).

The Dow Chemicals Company is an American multinational chemical corporation company founded in 1897 and is headquartered in Michigan, US.

It operates through business segments such as performance plastics, performance materials, feedstock & energy, coatings & infrastructure solutions, electronic & functional materials, and agricultural sciences. It markets its biologicals business under the agricultural sciences business segment through Dow AgroSciences LLC. The agricultural sciences segment offers crop protection and seed/plant biotechnology products and technologies, urban pest management solutions and healthy oils, insecticides, fungicides, herbicides, and seeds.

The Dow Chemical Company operates globally through its subsidiaries and has 197 production facilities in 36 countries. It offers products and solutions in over 160 countries. Its operations are spread across North America, Latin America, Europe, the Middle East, Africa, and the Asia-Pacific region.

Its major competitors are BASF SE (Germany), Syngenta AG (Switzerland), FMC Corporation (US), Bayer CropScience AG (Germany), Nufarm Limited. (Australia), Sumitomo Chemical Co., Ltd (Japan), and Adama Agricultural Solutions Ltd. (Israel).

Dupont, established in 1802, and headquartered at Delaware, provides science and technology-based products, materials, and services.

The company operates through the following business segments: agriculture, performance materials and safety & protection, nutrition & health, safety & protection, electronics & telecommunications, industrial biosciences, and others. It also serves the government and public sector in the sectors of service & protection, energy and utilities, and others.

Dupont develops, produces, and markets a wide variety of crop protection and seed products in the global market. The agriculture segment of the company develops and markets products and services which offer better crop yield and productivity. The company has high focus on reducing its manufacturing costs to make the product prices competitive and has also initiated the use of biotechnology for better performance and high functionality of products.

Dupont operates globally in more than 90 countries covering its geographic presence across North America, Latin America, Europe, and Asia-Pacific. The company has established over 75 research & development centers and 12 examining labs all over the world. For the crop protection sub-segment of Dupont, its major markets are production agriculture, feed industry, food industry, and energy industry.

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South America is estimated to hold the largest market share during the forecast period

South America is an emerging agricultural powerhouse, growing at a rapid pace above the global growth average. Growth in this region is significantly contributed by the growth in Brazil and Argentina, which are the world’s most potent agricultural producers and are expected to grow well above the regional average. The economic growth in South America has been stimulated by democratization, economic reforms, and the foundation of the two trading blocs namely, Mercosur and the Andean Pact.

Regulatory framework in South America is quite weak as compared to North America and Europe. The South American Pesticide Action Network controls the regulatory issues in the region. The international trade system from the WTO for regional and bilateral trade deals also undermines national pesticide laws and threatens the ability of South American nations to prohibit dangerous chemicals from being used. This is especially observed in the case of WTOs demand for establishing certain common minimum standards for pesticides among countries. For instance, if a country wants to implement a stricter standard on pesticides as compared to the WTO, it could be recognized as a technical barrier to trade.

Soil Conditioners Market Projected to Reach $2.5 Billion by 2025, at a CAGR of 8.3%

The report "Soil Conditioners Market by Type (Surfactants, Gypsum, Super Absorbent Polymers, and Others), Application (Agriculture, Construction & Mining, and Others), Formulation (Liquid and Dry), Crop Type, Soil Type, and Region - Global Forecast to 2025", The global soil conditioners market is estimated to account for a value of USD 1.7 billion in 2020 and is projected to grow at a CAGR of 8.3% from 2020, to reach a value of USD 2.5 billion by 2025. Increased demand for agricultural crops such as rice, wheat, and soybean, especially from the developing countries and decrease in availability of agricultural land owing to urbanization is among the key factors expected to drive the soil conditioners market.

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By application, the agriculture segment is projected to be the fastest-growing segment in the soil conditioners market during the forecast period.

The surplus use of chemicals and fertilizers has led to shrinkage in the fertility and productivity of soil. Soil conditioners act as a valuable tool for the agricultural industry with their ability to enhance soil fertility, texture, and quality. Apart from this, shrinkage in the availability of arable land has urged farmers to enhance crop production in existing land, thus creating an opportunity for soil conditioner manufacturers. In developing countries, population growth and urbanization are the key reasons for the shrinkage of arable land. However, this has also increased the demand for crop production in these developing countries, thereby increasing the demand for soil conditioners in these countries.

By formulation, the liquid segment is projected to grow at the highest CAGR in the soil conditioners market during the forecast period.

The liquid forms are applied on a volume basis rather than a weight basis. The liquid form provides various options for crop growers to mix soil conditioners with insecticides, fungicides, or adjuvants. Compared to the dry form, little quantity of liquid soil conditioners is enough to cover larger crop areas, making it a preferable choice among farmers. In South America, the demand for liquid soil conditioners is expected to increase in the years to come, as they are easy to apply, do not require much labor, and increase yield.

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North America accounted for the largest share during the forecast period.

The Noth American region accounted for the largest share during the forecast period. The increase in industrial activities is a key factor that has caused soil degradation in the North American region. Also, North America hosts several mining activities, which lead to barren soil that is susceptible to erosion by wind and rain. . In North America, contamination of the surface in farms and mining to extract minerals, coal, oil, or gas has resulted in soil degradation. According to a report published by Cornell study 2017, in the US, soil disappears ten times faster than it is naturally replenished at an estimated rate of nearly 1.7 billion tons of farmland per year. These factors have contributed to rise in demand for soil conditioners in te 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 soil conditioners market. It includes the profiles of leading companies, such as BASF (Germany), Syngenta (Switzerland), Novozymes (Denmark), Solvay (Belgium), UPL (India), Clariant (Switzerland), Evonik Industries (Germany), Eastman Chemical Company (US), Croda International PLC (UK), ADEKA Corporation (Japan), Vantage Specialty Chemicals (US), Aquatrols (US), Rallis India Limited (India), Humintech GmbH (Germany), GreenBest Ltd (UK), Omnia Specialities Australia (Australia), Grow More, Inc. (US), Geoponics Corp. (US), Delbon (France), and FoxFarm Soil & Fertilzer Co. (US).

Feed Yeast Market to Record Steady Growth by 2025

The global feed yeast market size is estimated at USD 1.8 billion in 2020 and is projected to grow at a CAGR of 5.1% to reach USD 2.3 billion by 2025. The market has a promising growth potential due to several factors, including the increasing awareness of yeast-based animal feed products and strict government regulations regarding animal health.

Key players in the feed yeast market include Associated British Foods Inc. (UK), Archers Midland Company (US), Alltech Inc. (US), Cargill (US), Angel Yeast Company (China), Chr. Hansen (Denmark), Lesaffre (France), Nutreco N.V. (Netherlands), Lallemand Inc. (Canada), Novus International (US), Zilor (Biorigin) (Brazil), Kerry Group (Ireland) and Kemin (US).Manufacturers are adopting strategies such as new product launches, expansion & investments, mergers & acquisitions, agreements, collaborations, joint ventures, and partnerships to strengthen their position in the market.

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Associated British Foods PLC (UK) is one of the market leaders in Europe and is trying to increase its global presence by offering various feed grades to fulfill customer needs and demands. The company has entered the retail sector, which has helped it grab opportunities in the market. The company operates with various subsidiaries at the global level but has a wider distributional reach in the European region. The major growth strategies of the company include organic approaches to collaborate and partner with other players such as Lallemand (Canada) for effective operations of the Hutchinson site. The company operates through numerous subsidiaries, such as AB Agri Ltd (UK), AB Mauri (UK), ABF Ingredients (UK), ABITEC Corporation (US), and Ohly (Germany). Of these, AB Mauri, ABF Ingredients, Ohly, and AB Vista produce yeast and yeast extracts. In January 2019, Ohly (UK) and Lallemand (Canada), entered into a strategic partnership for the divestment of Ohly’s Hutchinson Torula Yeast facility and associated Torula whole cell business in the US. The long-term supply partnership between these companies aims at benefitting Ohly by ensuring sustainable security of the Hutchinson site.

Alltech Inc. (US) is engaged in the production and sale of nutritional products and solutions for the feed industry. The company’s core capabilities lie in yeast fermentation, peptide technology, and solid-state fermentation. It has used these technologies to offer a range of natural solutions to the feed industry for improving animal performance and profitability. The company performs research and innovation in various areas such as bioscience centers, nutrigenomics centers, aquaculture centers, community biorefinery, and quality assurance. Alltech is one of the leading animal nutrition companies across the globe. The company has its presence in various countries with 31 manufacturing facilities. It has a great market coverage as the company serves customers in more than 120 countries. Use of inorganic approaches such as the acquisition of WestFeeds Inc. (US) helped the company to strengthen its distribution network and product portfolio in the animal nutrition segment. Owing to its strong financial capabilities and being a global innovator in feed formulations and technologies, the company holds opportunities by investing in R&D for the development of innovative yeast-based ingredients for feed solutions.

Cargill (US) manages its business operations through its business segments, such as agriculture; animal nutrition and protein; food; and financial and industrial. Through its animal nutrition and protein segment, the company offers various animal nutrition products including yeast for beef, dairy, pet, poultry, and pork segments. The company manufactures and supplies feed yeast throughout the world under various brands. Cargill has a very strong product portfolio as compared to its competitors. This would help in positioning the company’s overall position in absorbing investment risks to expand their production capacity as well as their market share. Cargill offers high-quality products to its customers with strong R&D capabilities, which provide it with a strategic advantage over its competitors. The company is focusing immensely on R&D to meet the demands of the feed industry. In terms of animal nutrition, the company has invested in acquiring Diamond V (US), which would help the company in gaining competitive advantage in the animal health and nutrition sector.

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As per the FAO figures of 2019, the consumption rate of meat products in East Asia had witnessed rapid growth. The consumption rate reached 50 kg per person in 2015 from nearly 9 kg per capita in the 1960s. However, the ban on the use of antibiotics as a growth promoter in the livestock sector across the European and North American countries has indirectly impacted the Asia Pacific countries. This has encouraged key companies of feed additives to develop natural growth promoters and health supplements. Since the ban, the livestock producers had identified innovative ways to promote animal production through products with similar benefits by replacing antibiotic growth promoters with microbial-based feed additives, which possess antibiotic properties. Many key players such as Lallemand Inc. (Canada) and Angel Yeast (China) are focusing on tapping the Asia Pacific market by setting up their feed additive manufacturing units.

Specialty Fertilizers Market: Growth Opportunities and Recent Developments

The report "Specialty Fertilizers Market by Type (UAN, CAN, MAP, Potassium Sulfate, and Potassium Nitrate), Application Method (Soil, Foliar, and Fertigation), Form (Dry and Liquid), Crop Type, Technology, and Region – Global Forecast to 2025", The global specialty fertilizers market is estimated to be valued at USD 37.6 billion in 2020 and is projected to reach a value of USD 51.3 billion by 2025, growing at a CAGR of 6.4% during the forecast period. Factors such as the rise in demand for high-efficiency fertilizers and an increase in crop varieties are projected to drive the growth of the specialty fertilizers market.

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The urea-ammonium nitrate (UAN) segment is projected to be the largest segment in the specialty fertilizers market during the forecast period.

UAN is considered to be an excellent irrigation fertilizer for cereal production and irrigated plant cultivation. It is basically used before plowing the field, which helps in enhancing its degradation. Solutions of urea ammonium nitrate (UAN) are widely used as a source of nitrogen for plant nutrition. In combination with plant protective agents, it is mixed in the irrigation water for irrigated plant cultivation. Fluid fertilizers are blended together to meet the specific needs of a crop.

The fertigation segment is estimated to account for the largest market share, in terms of value, in 2020.

Fertigation is used in the fields of row crops, horticultural crops, fruit crops, vegetable crops, and ornamental & flowering crops. The fertigation method allows the homogenous application of liquid specialty fertilizers in an adequate amount to the wetted zone in the root development, where most of the active roots are concentrated, which helps in enhancing the efficiency of specialty fertilizers. This technique allows specialty fertilizers to be distributed evenly in irrigation. The application of specialty fertilizers through fertigation increases its efficiency by 10%–15%, as compared to conventional fertilization.

The coated & encapsulated segment is projected to witness the fastest growth, in terms of value, in the specialty fertilizers market, on the basis of technology, from 2016 to 2025.

Coated & encapsulated specialty fertilizers are conventional soluble fertilizer materials with increasingly available nutrients, which after granulation, prilling, or crystallization, are given a protective (water-insoluble) coating to control the water penetration, thereby affecting the rate of dissolution and the nutrient release. To further reduce the total fertilizer costs, coated & encapsulated fertilizers are increasingly used with the blend of conventional fertilizers in different ratios. These fertilizers offer greater flexibility in determining the nutrient release pattern.

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South America is projected to grow at the highest CAGR during the forecast period.

The market for specialty fertilizers in the South America region is projected to grow at the highest CAGR from 2020 to 2025. According to FAOSTAT, Brazil is the largest producer of agricultural products due to the availability of abundant land and rural labor force, followed by Argentina. The growth in South America is majorly attributed to the increase in the adoption of agrochemicals and advancements in farming techniques in Brazil and Argentina with distribution channels established by global agrochemical players. Due to these factors, the market in the South America region is projected to record the highest growth from 2020 to 2025.

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 liquid fertilizers market. It includes the profiles of leading companies, such as Nutrien, Ltd.(Canada), Yara International ASA (Norway), Israel Chemical Ltd. (Israel), K+S Aktiengesellschaft (Germany), Sociedad Química Y Minera De Chile (SQM) (Chile), The Mosaic Company (US), EuroChem Group (Switzerland), CF Industries Holdings, Inc. (US), OCP Group (Morocco), OCI Nitrogen (Netherlands), Wilbur-Ellis (US), Kugler (US), Haifa Group (Israel), COMPO Expert GmbH (Germany), AgroLiquid (US), Plant Food Company, Inc. (US), Coromandel International Ltd (India), and Deepak Fertilizers & Petrochemicals Corporation Ltd. (India), Nufarm (Australia), and Brandt (US).

Drip Irrigation Market to Witness Unprecedented Growth in Coming Years

The global drip irrigation market is projected to grow from USD 5.5 billion in 2020 to USD 9.3 billion by 2025, at a CAGR of 10.8%. The rise in the popularity of drip irrigation solutions can be attributed to government initiatives, water conservation activities, enhancement of production, and a decrease in production cost. Markets such as China and India are among the key markets targeted by drip irrigation manufacturers and distributors due to the large agriculture sector driven by regional demand and exports that are adopting drip irrigation services in the region.

Driver: Government programs and subsidies driving acceptance of drip irrigation systems

Developing countries such as India and China are among the major countries adopting drip irrigation systems, and the key driver is the support from government agencies and public-private partnerships through prominent industry participants. Government programs such as India’s Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) seeks to extend the coverage of micro-irrigation in the country through subsidies on kits and systems to improve acceptance among farmers. State-sponsored projects are another factor that continues to drive the growth of drip irrigation systems in developing countries.

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Challenge: Soil salinity hazards and bio clogging in drip irrigation systems

Drip irrigation systems are often limited by the presence of high saline content in water, which poses a threat to the crops being grown. The excess of salt content is one of the major concerns with water used for irrigation. A high salt concentration present in the water and soil would negatively affect the crop yields, degrade the land, and pollute groundwater. The use of drip irrigation systems causes no foliar accumulation of salts; however, the salt accumulates near the periphery of the wetted area. This salt accumulation is a cause for concern when the emitter placement does not coincide with the location of the plant row, particularly for crops that are sensitive to soil salinity.

Increasing concerns over water withdrawal and government initiatives are the key factor driving the growth in the drip irrigation market during the forecast period

Drip irrigation helps minimize water loss due to evaporation by distributing water through a network of valves, pipes, tubing, and emitters. Drip irrigation methods are known to offer a significant advantage in efficiency against other conventional irrigation methods, including sprinkler and flooding. The adoption of micro irrigation technology has helped achieve higher cropping and irrigation intensity, which has made a significant impact on resource saving, cultivation cost, crop yield, and farm productivity. This technology has received considerable attention from policymakers and government for its perceived ability to contribute significantly toward agricultural productivity and economic growth.

Asia Pacific is projected to account for the largest market size during the forecast period

The Asia Pacific drip irrigation market is estimated to be the largest between 2020 and 2025 and is projected to grow at the highest CAGR. Asia Pacific was the largest consumer of drip irrigation in 2020. The region is marking a dramatic shift from the installation of basic irrigation facilities to the adoption of precision irrigation systems through technological upgrading. The focus of agriculture has shifted from traditional crops to more commercial crops. Due to these changes, irrigation facilities are expected to modernize their irrigation management and preferably their infrastructure. Drip irrigation has become an essential aspect as commercial crops are sensitive to the amount of water required and the time taken for its delivery. 

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Key Market Players:

The key drip irrigation manufacturers in this market include Jain Irrigation Systems Ltd. (India), Lindsay Corporation (US), The Toro Company (US), Netafim Limited (Israel), Rain Bird Corporation (US), Chinadrip Irrigation Equipment Co. Ltd. (China), Elgo Irrigation Ltd. (Israel), Shanghai Huawei Water Saving Irrigation Corp. (China), Antelco Pty Ltd. (Australia), EPC Industries (India), Microjet Irrigation (South Africa), KSNM Drip (India), Sistema Azud (Italy), Metzer Group (Israel), Grupo Chamartin Chamsa (Italy), and Dripworks Inc. (US). These players are undertaking a strategy involving new product launches, acquisitions, and collaborations & agreements to improve their market position and extend their competitive advantage.

Recent Developments:

• In June 2020, Lindsay Corporation announced the acquisition of Net Irrigate, LLC (US), an agriculture Internet of Things technology company that provides remote monitoring solutions for irrigation customers. The acquisition would help the company to enhance its irrigation technology offering.
• In May 2020, The Toro Company launched clog-resistant drip tape, Toro Aqua-Traxx Azul drip tape. The drip tape offers a filter inlet design and optimized flow passages that pass through debris to maximize clog resistance and product performance.

Growth Opportunities in the Confectionery Processing Equipment Market

The report "Confectionery Processing Equipment Market by Type (Thermal, Mixers, Blenders, Cutters, Extrusion, Cooling, Coating), Product (Hard Candies, Chewing Gums, Gummies & Jellies, Soft Confectionery), Mode of Operation, and Region - Global Forecast to 2023", The confectionery processing equipment market is estimated to be valued at USD 4.69 Billion in 2018 and is projected to reach USD 6.55 Billion by 2023, at a CAGR of 6.90% from 2018. Factors such as the growth of the retail industry and increase in demand for confectionery items such as candies, toffees, chocolates, chewing gums, and jellies have driven the growth of the confectionery processing equipment market.

The objectives of the study are:

• To define, segment, and forecast the size of the confectionery processing equipment market with respect to product, type, mode of operation, and region
• To analyze the market structure by identifying various sub-segments of the confectionery processing equipment market
• To forecast the size of the market for confectionery processing equipment and its various submarkets with respect to four main regions, namely, North America, Asia Pacific, Europe, and the Rest of the World (RoW)
• To provide detailed information about crucial factors that are influencing the growth of the market (drivers, restraints, opportunities, and challenges)
• To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
• To strategically profile key players and comprehensively analyze their market ranking and core competencies
• To analyze competitive developments such as expansions & investments, acquisitions, and partnerships in the market for confectionery processing equipment.

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The confectionery processing equipment market, by product, is segmented into hard candies, chewing gums, gummies & jellies, soft confectionery, and others. The soft confectionery segment is estimated to dominate the market with the largest share in 2018 as the demand for a variety of chocolates, such as sugar-free and dark, is increasing, globally. This is followed by the hard candies segment.

The confectionery processing equipment market, based on type, is segmented into thermal, extrusion, mixers, blender, and cutters, coating, cooling, and others. The extrusion segment is projected to grow at the highest CAGR among all confectionery processing equipment types from 2018 to 2023. Extrusion equipment is used to make confectionery products of different shapes and sizes. The need to provide innovative products is one of the factors expected to augment the demand for extrusion products.

Based on mode of operation, the confectionery processing equipment market is segmented into automatic and semi-automatic. The automatic segment is anticipated to be relatively larger as against the semi-automatic segment. Automatic operation helps to reduce labor costs as well as time and ensures high-quality products.

Rise in the middle-class population in the region and the increase in disposable incomes drive the demand for nutritious chocolate bars & candies with new & enhanced flavors, which increases the need for confectionery processing equipment. This provides an opportunity for the major players in the field of confectionery processing to expand their geographical reach in the region.

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This report includes a study of business strategies, along with the product portfolios of leading companies. More than nine developments were tracked for the 13 companies in the confectionery processing equipment market. It includes the profiles of leading companies such as Robert Bosch GmbH (Germany), Bühler AG (Switzerland), GEA Group (Germany), Alfa Laval (Sweden), John Bean Technologies Corporation (JBT) (US), Aasted ApS (Denmark), BCH Ltd (England), Tanis Confectionery (Netherlands), Baker Perkins Limited (UK), Sollich KG (Germany), Heat and Control, Inc. (US), and Rieckermann GmbH (Germany).

Factors Driving the Glucose, Dextrose, and Maltodextrin Market

The report "Glucose, Dextrose, and Maltodextrin Market by Product (Glucose, Dextrose, and Maltodextrin), Application (Food & Beverages (Confectionery, Bakery, Dairy), Pharmaceuticals, Personal Care Products, Paper & Pulp), and Region - Global Forecast to 2024", The market for glucose, dextrose, and maltodextrin, in terms of value, is estimated at USD 34.47 Billion in 2018, and is projected to reach USD 51.87 Billion by 2024, at a CAGR of 7.0%. The increase in demand from the beverage industry, intense research & development activities, and increase in demand for convenience foods are expected to drive the demand for glucose, dextrose, and maltodextrin in various applications. 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 by 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 moderately sweet or flavorless sugar, which is easily digestible and is absorbed as rapidly as glucose.

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The confectionery products segment is projected to dominate the glucose market for food & beverages through the forecasted period.

Glucose syrup is widely used in the confectionery industry. As it is a doctoring agent, it prevents crystallization, imparting uniformity to the product; in some confectionery applications, it can be used as a necessary ingredient up to the extent of around 40%. It is generally used in the production of homogenous confectionery products such as chewing gums and chocolates. Liquid glucose also has good preservative qualities, imparts a smooth texture to the end product, and enhances the shelf life of the end product. This has led to increased demand for glucose in the confectionery products segment.

The food & beverages segment is projected to dominate the dextrose market through the forecast period.

Dextrose is used as a sweetener and nutritional supplement in the production of various food products such as in candy & gums, creams, bakery products, jarred & canned foods, frozen dairy products, and cured meats. It can also be used in beverages, jelly, jam, and honey for improved taste and quality and extended shelf life. Thus, changes in food habits and inclination toward snacks and desserts, where dextrose is used as an effective sweetening agent, drive the usage of dextrose in the food & beverages segment.

The personal care products segment is projected to be the fastest-growing, in terms of value and volume, in the maltodextrin market from 2018 to 2024.

Maltodextrin is used as an emulsifier to improve the texture of products such as toothpaste. It is important in the cosmetics industry because it helps bind other compounds and helps in stabilizing the formula during the production stage. The personal care products industry is large in developing as well as developed regions such as North America, Europe, Asia Pacific, and the Middle East, which provides scope for maltodextrins to be used in the personal care products industry.

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Asia Pacific is projected to be the fastest-growing regional market for glucose, dextrose, and maltodextrin.

The Asia Pacific region is projected to be the fastest-growing market for glucose, dextrose, and maltodextrin over the next six years, owing to an increase in overall economic growth, with diversity in income levels, technology, and demand from end consumers for better quality food products, leading to enhanced scope for future growth. The main countries contributing significantly toward the growth of the market in this region include China, India, and New Zealand. The rapidly growing convenience food and personal care industries in the Asia Pacific region have led to an increase in the consumption of glucose, dextrose, and maltodextrin products.

In this region, countries such as China and India are estimated to account for a major share of the market. Thailand is projected to be one of the fastest-growing markets for glucose, dextrose, and maltodextrin in the Asia Pacific region.

This report studies the marketing and development strategies, along with the product portfolios of leading companies 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).

Key Benefits of Buying the Report:

• To get a comprehensive overview of the glucose, dextrose, and maltodextrin market with specific reference to the application markets
• To gain a wide range of information about the top players in this industry, their product portfolios, and key strategies adopted by them
• To gain insights into the major regions/countries in which the glucose, dextrose, and maltodextrin market is flourishing