Probiotic Ingredients Market: Growth by Emerging Trends, Analysis, & Forecast to 2023

The report "Probiotic Ingredients Market by Application (Functional Foods & Beverages, Pharmaceuticals, and Animal Nutrition), Source (Bacteria and Yeast), Form (Dry and Liquid), End-User (Human and Animal), and Region - Global Forecast to 2023", is estimated at USD 268 million in 2018 and is projected to reach USD 402 million by 2023, growing at a CAGR of 8.5% during the forecast period. The market is driven by factors such as the increasing popularity of probiotic dietary supplements and the participation of government bodies in the R&D of probiotics.

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By application, the market has been segmented into functional food & beverages, pharmaceuticals, animal nutrition, and others which include cosmetics & personal care products. The pharmaceuticals segment is growing at the highest rate owing to a spike in the number of diseases such as antibiotic-associated diarrhea, inflammatory bowel disease, lactose intolerance, irritable bowel syndrome, vaginal infections, rheumatoid arthritis, liver cirrhosis, and immune enhancement. The intake of dietary supplements for overall improvement in health among consumers would drive the growth of the segment during the forecast period.

By form, the market has been segmented into dry and liquid. The dry form is projected to dominate the market during the forecast period owing to lower costs in transportation when compared with liquid form. The dry form of probiotic ingredients has a higher shelf-life, due to which it is preferred by manufacturers and suppliers.

By end use, the probiotic ingredients market has been segmented into animal and human use. While human use accounts for a larger market share during the forecast period, the usage of probiotic strains in the animal nutrition industry is growing. Probiotic strains are used in feed to enhance the effectiveness of nutrients and show their effects on the gut by aiding in better digestion and reducing the impact of pathogenic bacteria, which causes various diseases in animals. The animals can grow better as the feed is altered in terms of quality and palatability due to its added probiotic content. The aim of probiotic strains is to take care of deficiencies of the natural microflora and provide animals with better resistance against diseases.

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Probiotics are gaining popularity in the Asia Pacific market particularly in the animal nutrition segment due to the growing concerns about their health and productivity. The application of probiotic strains is projected to increase due to the consumer demand for application in functional foods and pharmaceutical end products. India offers a huge potential in this region due to the increasing number of pharmaceutical companies involving themselves in the licensing and development of probiotic drugs. China’s growth in terms of sales is attributed to the growing application of probiotics in the infant formula business.

This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies. It includes the profiles of leading companies such as Kerry (Ireland), DowDuPont (US), Chr. Hansen (Denmark), Biogaia (Sweden), Probi (Sweden), Glac Biotech (Taiwan), Bifodan (Denmark), Lallemand (Canada), UAS Laboratories (US), and Biena (US).

Growth Strategies Adopted by Major Players in the Nematicides Market

The report "Nematicides Market by Type (Fumigants, Carbamates, Organophosphates, Bionematicides), Mode of Application (Fumigation, Drenching, Soil Dressing, Seed Treatment), Nematode Type (Root Knot, Cyst), Crop Type, Form, and Region - Global Forecast to 2025", size is estimated to be valued at USD 1.3 billion in 2020 and is expected to reach a value of USD 1.6 billion by 2025, growing at a CAGR of 3.4% during the forecast period. Factors such as the growing demand for biological products and increasing number of product launches catering to the requirement of crop-specific nematodes drive the growth of the market.

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COVID-19 impact on Nematicides market

The nematicides market includes major Tier I and II suppliers like Syngenta AG, Bayer AG, BASF SE, UPL Ltd,FMC Corporation, Marrone Bio Innovations and Isagro S.p.A. These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, and RoW. COVID-19 has impacted their businesses upto some extent. Though this pandemic situation has impacted their businesses, there is no significant impact on the global operations and supply chain of their nematicides. Multiple manufacturing facilities of players are still in operation.

Driver: Strong demand for high-value crops

High-value agricultural products are generally defined as agricultural products with a high economic value per kilogram (or pound), per hectare, or per calorie, which includes fruits, vegetables, meat, eggs, milk, and fishes. The key factors driving the demand for high-value crops (fruits, vegetables, and plantation crops) are the rise in the income of consumers, rapid urbanization, and the increase in awareness about health benefits associated with fruits & vegetables. Besides, an increase in foreign direct investment (FDI) has led to a surge in the production of high-value crops. The demand for nematodes is mostly found in high-value crops, such as pome fruits, grapes, cotton, tomato, maize, cotton, and other vegetable and ornamental crops, as they improve the crop quality and yield.

Constraint: Pesticide residue problems

One key restraint in the crop protection chemicals market is the pesticide residue problem due to the non-judicious use of pesticides by the farmers. Pesticide residue problems are highly found in the crops grown in developing or under-developed countries. Countries such as Vietnam, Ghana, and the Philippines are known for such low-quality crop production, affected by pesticide residues. Though intensive farming is inevitable without the use of pesticides, farmers in developing countries tend to use excess pesticides, which then damage the crops. Thus, improper use and illegal import-export of pesticides, and lack of proper government regulations have resulted in pesticide residue issues and excessive application of toxic pesticides, thereby hindering the growth of the crop protection chemicals market.

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North America to be the largest market for nematicides during the forecast period.  

The region is a host to some of the major players in the nematicides market such as BASF SE (Germany), Bayer AG (Germany), Syngenta (Switzerland), and Nufarm Ltd (Australia) who actively invest on new product launches that would cater to nematode attacks on field crops such as soybean, corn, and cotton which are majorly produced in countries such as the US and Mexico. The acreage which is being brought under field crops is growing due to increased international and domestic demand for these field crops. The adoption of genetically modified seeds has also increased the cases of nematode infestation on crops such as soybean and corn, thereby driving growth in the market.

Key Market Players:

Some of the major players operating in the market include Bayer AG (Germany),  Syngenta Crop Protection AG (Switzerland), Corteva Agriscience (US), BASF SE (Germany), Adama Agricultural Solutions Ltd (Israel), FMC Corporation (US), Nufarm (Australia), UPL Limited (India), Isagro Group (Italy), Valent USA (US), Chr. Hansen (Denmark), Certis USA LLC (US),  Marrone Bio Innovations (US), American Vanguard Corporation (US), Crop IQ Technology (UK), Real IPM Kenya (Kenya), Horizon Group (India), Agri Life (India), Crop IQ Technology Ltd (UK), and T. Stanes & Company Limited (India).

Brewing Ingredients Market Growth by Emerging Trends, Analysis, & Forecast to 2026

The report "Brewing Ingredients Market by Source (Malt Extract, Adjuncts/Grains, Hops, Beer Yeast, and Beer Additives), Brewery Size (Macro Brewery and Craft Brewery), Form (Dry and Liquid), and Region - Global Forecast to 2026" The brewing ingredients market was valued at USD 34.5 billion in 2021 and is projected to grow at a CAGR of 6.8%, to reach USD 47.9 billion by 2026. The rise in the global population and increasing disposable income in developing economies are creating new avenues for alcoholic beverages.

The brewing ingredients market includes five major sources: malt extract, adjuncts/grains, hops, beer yeast, and beer additives. Malt extract is further bifurcated into standard malt and specialty malt. Specialty malt is sub-segmented into crystal, roasted, dark, and others. Different types of beers are obtained by using different sources of brewing ingredients. For instance, roasted malt is used for producing the porter type of beer. The malt extract segment dominated the global market for brewing ingredients and accounted for a larger share in 2020. Beer additives accounted for the second-largest market share in terms of revenue in 2020.

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COVID-19 Impact on the global brewing ingredients Market

The outbreak of COVID-19 has brought serious medical, social, and economic challenges. It is seen that the majority of the companies operating in the manufacturing sector (53%) expect COVID-19 to impact their operations. The grim expectations have become a reality in the sector due to the rise in oil prices and increasing demand & supply bottlenecks which results in a slowdown of expenditures and rising uncertainty in credit markets. Players across the globe in the food & beverage industry have faced a drastic decrease in the consumption of their products. Due to lockdowns in several parts of the world and restrictions on transportation of commodities, companies are also facing disrupted supply chains. The reduced agricultural production interrupting the raw material supply, lack of workers in manufacturing plants, and disturbances in the distribution system have disrupted supply chains.

Opportunity: Introduction of new flavors in beer

The increase in beverage consumption has led to intense competition amongst beer brands, resulting in the introduction of new flavors and increasing beer consumption. There is a growing popularity for craft beers as it offers various flavors besides the regular flavors offered by macro breweries. The introduction of new ingredients and innovative flavors, combining salty, fruity, and tart flavors, by craft beers, has found an increasing appeal among the millennial crowd globally. Some of the macro brewers are also acting on to respond to these changing demands from consumers. For example, Heineken USA, in 2021, launched Dos Equis Lime & Salt variety pack of lager beer. Similarly, Latambarcem Brewery (India), in 2020, launched a new craft beer brand called Maka di that currently serves four brews: Honey Ale, Belgian Tripel, Bavarian Keller, and Belgian Blanche. The introduction of these new flavors is projected to increase the sales and consumption of beer. Thus, this is anticipated to provide ample opportunities to players operating in the global market.

By brewery size, the craft brewery is estimated to grow at a higher growth rate in the brewing ingredients market.

According to the Brewers Association, an American craft brewer is a small and independent brewer, where small breweries have an annual production of 6 million barrels of beer or less. The craft brewing industry contributed USD 82.9 billion to the US economy in 2019, with more than 580,000 employees. The average alcohol by volume (ABV) content of a craft beer is 5% to 10%, but some of the most popular craft beers have an ABV of as high as 40%. On the other hand, beer produced in bulk by macro breweries has an ABV of 4% to 6% and as little as 2%. Craft breweries offer different flavors, which allow consumers with different tastes to cater to their preferences. These factors are driving the growth of the craft brewery segment in the global market.

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The increasing demand for beers in the Asia Pacific countries drives the region's growth rate at a higher pace.

The Asia Pacific region comprises two high-growth economies: India and China. The drinking preferences of the population in this region are gradually shifting toward alcoholic culture. The large, increasing population and the growing market mean that the demand for brewing ingredients is still promising. Another factor is the densely populated areas that are not completely tapped by beer manufacturing and brewing ingredient companies. Hence, beer produced in macro breweries and craft breweries still has a high-growth rate. Moreover, the increasing spending capacity of consumers has led to a surge in demand for craft beers. There has been an emergence of various craft breweries in countries such as India over the last few years.

The APAC region held the largest share in the brewing ingredients market. The demand for different beers with various flavors and different ABV is driven by economic growth, drinking culture in countries such as Vietnam and South Korea, urbanization, and the rise in the purchasing power of consumers.

Key Market Players:

Key players in this market include major players such as Cargill, Incorporated (US), Angel Yeast Co. Ltd. (China), Boortmalt (Belgium), Malteurop Groupe (France), Rahr Corporation (US), Lallemand Inc. (Canada), Viking Malt (Sweden), Lesaffre (France), Maltexco S.A. (Chile), and Simpsons Malt (UK) . These major players in this market are focusing on increasing their presence through expansions & investments, mergers & acquisitions, partnerships, joint ventures, and agreements. These companies have a strong presence in North America, Asia Pacific, and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

Feed Antioxidants Market to See Major Growth by 2025

 The report "Feed Antioxidants Market by Type Synthetic (BHT, BHA, Ethoxyquin, and Propyl Gallate) and Natural (Carotenoids, Tocopherols, Botanical Extracts, and Vitamins), Animal (Poultry, Swine, Aquaculture, Cattle, and Pets), Form, Region - Global Forecast to 2025", is estimated at USD 356 million in 2019 and is projected to grow at a CAGR of 4.9% from 2019 to 2025, to reach USD 474 million by 2025. Factors such as a rise in demand for quality feed, improved technology for feed production, and an increase in the standardization of meat products stimulate the growth of the feed antioxidants market across the globe.

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The natural segment is projected to be the faster-growing segment in the feed antioxidants market during the forecast period.

As the market demand shifts from synthetic to natural antioxidants, there is an increase in demand for natural feed antioxidants. The manufacturers are focusing on innovative products to develop cheaper natural antioxidants to capture the market and capitalize on this increasing demand, which is boosting the demand for natural feed antioxidants.

The liquid segment is projected to record the fastest growth during the forecast period.

The liquid form of feed antioxidants is projected to be the fastest-growing segment. Liquid feed antioxidants increase feed consumption and utilization by animals, reduce ration sorting, provide accurate dosage, and decrease feed wastage. Additionally, they help in the mixing of ingredients, resulting in the uniformity of the final product.

The aquaculture segment is projected to record the fastest growth during the forecast period.

An increase in demand for fish and fish-based products is fueling the demand for feed antioxidants in the aquaculture segment. Aquaculture has contributed to global food security, and with the demand for fish-based products increasing globally, the demand for fish feed antioxidants is also gradually increasing.

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The Asia Pacific region is projected to account for the largest market share during the forecast period.

Asia Pacific accounted for the largest share of the feed antioxidants market in 2018. Asia Pacific, being the largest continent with a relatively fast economic development, is witnessing a rising demand for meat. Consequently, to produce quality meat, feed antioxidants are gaining importance and being incorporated to prevent spoilage and increase shelf-life.

This report includes a study of marketing and development strategies along with the product portfolios of leading companies in the feed antioxidants market. It includes the profiles of leading companies such as Cargill (US), Archer Daniels Midland Company (US), Koninklijke DSM N.V. (Netherlands), BASF SE (Germany), Nutreco (Netherlands), Kemin (US), Adisseo (France), Perstorp (Sweden), Alltech (US), Caldic (Canada), Novus International (US), Chemical Fine Sciences (India), Oxiris Chemical (Spain), VDH ChemTech (India), Zhejiang Medicine (China), BTSA (Spain), Bertol Company (Czech Republic), FoodSafe Technologies (US), Videka Company (US), Lallemand Animal Nutrition (Canada), and Industrial Tecnica Pecuaria (Spain).

Sustainable Growth Opportunities in the Water Soluble Packaging Market

 The report "Water Soluble Packaging Market by Raw Material (Polymer, Surfactant, and Fiber), End Use (Industrial, and Residential), Solubility Type (Cold Water Soluble and Hot Water Soluble), Packaging Type, and Region - Global Forecast to 2025", According to MarketsandMarkets, the water soluble packaging market is estimated to be valued at USD 2.8 billion in 2019 and is projected to reach USD 3.7 billion by 2025, recording a CAGR of 5.0%. The rapidly growing environmental and sustainability concerns across the globe and government initiatives to reduce the use of plastics are driving the market for water soluble packaging.

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The food & beverage and agriculture in industrial segment are projected to witness the significant growth during the forecast

Based on end use, the water soluble packaging market is segmented into industrial and residential, wherein industrial segment is sub-divided into pharmaceuticals, food & beverages, agriculture, chemicals, and water treatment. The food & beverages and agriculture segments are projected to witness significant growth during the forecast period due to the increasing concerns toward waste production due to high use of non-biodegradable plastics and their harmful effects on packaged food & beverages.

In the agriculture industry, chemical fertilizers wrapped with water soluble packets ease out the handling process. Also, dissolved packaging of the fertilizers cut down the packaging waste generation and leads to reduced cleaning costs.

The pouches segment is accounted to have the major share in the water soluble packaging market during the forecast period

By packaging type, the water soluble packaging market is segmented into pouches, bags, and pods & capsules. The pouches segment is estimated to account for the major share in the water soluble packaging market due to the high usage of water soluble packaging in the chemical industries. In the current scenario, most of the packaging is made of plastic for safe and secure handling and usage of detergent; water soluble packaging of detergent serves the purpose better. Detergent wastage can be minimized as water soluble packets or sachets can be made available to consumers for household and industrial cleaning. The water soluble packaging avoids direct contact with detergent as the product can be used without removing the package, which will ensure safe usage.

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The Asia Pacific region is projected to witness the fastest growth during the forecast period

The water soluble packaging market in Asia Pacific is projected to witness high growth due to the strong local and export demand. The rising population and growing number of manufacturing industries in Asia Pacific is the key factor driving the market for water soluble packaging. The manufactured product is used domestically as well as exported. China and Japan are the hubs for water soluble film production. In India, the population is increasing rapidly, and the country is striving for safe, better, clean, and healthy lifestyle. The water soluble packaging market will grow in these regions at a high rate.

This report includes a study on the marketing and development strategies, along with the product portfolios of the leading companies. It consists of the profiles of leading companies such as Lithey Inc. (India), Mondi Group (Austria), Sekisui Chemicals (Japan), Kuraray Co. Ltd. (Japan), Mitsubishi Chemical Holdings (Japan), Aicello Corporation (Japan), Aquapak Polymer Ltd (UK), Lactips (France), Cortec Corporation (US), Acedag Ltd. (UK), MSD Corporation (China), Prodotti Solutions (US), JRF Technology LLC (US), and Amtopak Inc. (US).

Food-Grade Gases Market: Growth Opportunities and Recent Developments

The report "Food-Grade Gases Market by Type (Carbon Dioxide, Nitrogen, Oxygen), Application (Freezing & Chilling, Packaging, Carbonation), End-Use (Dairy & Frozen Products, Beverages, Meat, Poultry & Seafood), and Region - Global Forecast to 2025", 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. Shifting consumer preferences toward convenient food packaging owing to their on-the-go lifestyles and the growing number of microbreweries across all regions are some of the factors driving the growth of the food-grade gases market.

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The carbon dioxide segment is estimated to account for the largest share, in terms of value, by type, in 2020.

Based on type, the food-grade gases market is segmented into carbon dioxide, nitrogen, oxygen, and others. The carbon dioxide segment is estimated to account for the largest market share in 2020 as carbon dioxide is used for almost all major applications like packaging, freezing & chilling, and carbonation.

Further, carbon dioxide is being used in the softening of water to avoid corrosion problems in long water distribution lines and also in producing potable drinking water. Due to the huge demand from the microbreweries and other carbonated beverage manufacturers, the carbon dioxide segment holds the largest market share.

Drivers: Growing Number of Microbreweries Across all Regions

Carbon dioxide is used for the carbonation of beers and renders a sparkle and tangy taste while also preventing spoilage. Large-scale breweries typically install CO2 reclamation equipment in their breweries that capture the carbon dioxide generated during fermentation process. According to The Brewers of Europe, the European beer production in 2017 reached its eight-year high. The growing number of independent and microbreweries wis contributing to the growth of market.

Restraints: Strict Government Regulations to Meet Quality Standards

Legislations have been sanctioned in most countries in North America and Europe to protect food products from spoilage and contamination due to inferior manufacturing and refrigerated storage processes. Therefore, each country has appointed agencies to inspect consumer health issues and also inspect the type of material used to make sure they are safe for food & beverage operations. Also, by law, all gas cylinders supplied for beverage manufacturers must have a product traceability label on the gas cylinder, valve, or valve guard. Food-grade gas manufacturers need to abide by these laws.  

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North America is estimated to dominate the food-grade gases market, in terms of value, in 2020

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.

This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies. It includes the profiles of leading companies such as The Linde Group (Germany), Air Products & Chemicals (US), Air Liquide (France), The Messer Group (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).

Latest Regulatory Trends Impacting the Protein Ingredients Market

 According to MarketsandMarkets, the global protein ingredients market was estimated to be valued at USD 52.5 billion in 2020 and is projected to reach USD 70.7 billion by 2025, recording a CAGR of 6.1%, in terms of value. The market is mainly driven by factors such as the increasing demand for protein functionalities, awareness about healthy diets and nutritional food, new technological development in the protein ingredients industry, growth in demand for superior personal care and healthcare products, and rising consumption of animal by-products. Europe will dominate the global market due to the high consumption of animal protein in the region. Further, the increasing emphasis of the European population on healthier lifestyles will lead to the growth of the market in the region.

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Impact of COVID-19 on the Protein Ingredients Market

The rapid spread of COVID-19 and the equally rapid government response to restrict the movement of the majority of the population in different countries have dramatically changed the consumption patterns, which has also impacted the food & agriculture industries.

The significant changes in consumer purchasing behavior are gradually transforming the food industry. Due to rising health concerns, consumers have started avoiding the consumption of meat and poultry. They are now more inclined toward protein substitute products to fill in the gap. The sales of immunity-related ingredients have spiked globally. These trends have fueled the demand for protein-based products as protein is one of the most important constituents that help in building immunity. However, the coronavirus has caused a severe disruption in the supply chain and has influenced the supply of ingredients and raw materials. Companies are constantly trying to handle the situation and be ready for any further disruption.

Drivers: Increasing demand for proteins as nutritional and functional ingredients

Protein ingredients sourced from animals and plants are well-known for their emulsification, gelation/viscosity, water-binding/hydration, foaming, aeration, and other functional properties. These functionalities, along with the nutritional aspects of proteins, are a major advantage to end-user industries, and are, thus, one of the major market drivers. In end-user industries such as cosmetic & personal care, protein ingredients are primarily used for their conditioning and moisturizing properties in the hair and skincare industries. In major applications such as food & beverages, the use of protein ingredients continues to grow with the increasing demand for improved functionalities. The ability of protein ingredient manufacturers to design and develop specific isolates, concentrates, and other forms of protein ingredients for various applications is likely to drive the growth of the protein ingredients market during the forecast period.

COVID-19 is expected to boost the demand for protein ingredients at a higher rate in the global market as people across the globe are more health-conscious and finding ways to strengthen their immunity.

By form, the dry segment is projected to grow at a higher rate in the protein ingredients market during the forecast period

The global market, by form, has been segmented into dry and liquid. The dry form is projected to grow at a higher CAGR during the forecast period. This form of protein ingredients is largely preferred by manufacturers of food & beverage, feed, and pharmaceutical products as they have better stability and ease of handling & storage compared to the liquid form. Furthermore, they have a longer shelf life compared to the liquid form.

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The European market accounted for the largest share in the protein ingredients market. This dominance is attributed to the high consumption in this region. The consumption in Europe is more than twice the global average consumption. The high-protein trend in food & beverages and personal care & cosmetics is gaining a foothold in Germany, as protein claims on food and drink launches continue on their growth path. The increasing prevalence of health-related problems, along with high importance being laid on the quality, taste, and freshness of foods is modifying the demand for food, owing to which the market for protein ingredients is projected to witness growth.

Key Market Players:

Key players in this market include Cargill (US), ADM (US), DuPont (US), Kerry Group (Ireland), Omega Protein Corporation (US), FrieslandCampina (Netherlands), Fonterra Co-operative Group Limited (New Zealand), Arla Foods (Denmark), Roquette (France), Gelita AG (Germany), Kewpie Corporation (Japan), AGRANA (Austria), AMCO Proteins (US), Hilmar Ingredients (US), Axiom Foods (US), Burcon Nutrascience (Canada), Rousselot (Netherlands), Foodchem International Corporation (China), A&B Ingredients (US), and Reliance Private Label Supplements (US).