Sunday, August 29, 2021
Crop Protection Chemicals Market: Growth Opportunities and Recent Developments
Thursday, August 26, 2021
Modified Starch Market to Showcase Continued Growth in the Coming Years
According to
MarketsandMarkets "Modified Starch
Market by Raw Material (Corn, Cassava, Potato, and Wheat),
Application (Food & Beverages (Bakery & Confectionery, Processed Foods,
Beverages, and Other Food Applications), Industrial, and Feed), Form, and
Region - Global Forecast to 2025", the global modified
starch market size is estimated to be valued at USD 13.1 billion in 2020 and
projected to reach USD 14.9 billion by 2025, recording a CAGR of 2.7%, in terms
of value. The functional properties of modified starch and their ease of
incorporation in a wide range of applications are driving the global modified
starch market.
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The corn segment
accounted for the largest share in the modified starch market
Based on raw material,
corn dominated the modified starch market. Corn is a staple food, and it is
preferred across the globe due to its importance in the diets of several
countries. It is used extensively as a thickening agent in soups and
liquid-based foods such as sauces, gravies, and custards.
The food & beverages
segment is projected to account for a major share in the modified starch market
during the forecast period
By application, the
modified starch market is segmented into food & beverages, industrial, and
feed. The food & beverage segment is further classified into bakery &
confectionery products, processed food, beverages, and others, which includes
snacks and soups. Modified starches have been developed for a significant
period, and their applications in the food & beverage industry are
increasingly gaining importance. Modified starches are considered as food
additives that are prepared by treating starch or their granules with chemicals
or enzymes, causing the starch to be partially degraded.
The Asia Pacific region
dominated the modified starch market with the largest share in 2019, and it is
also expected to grow with the highest CAGR
The modified starch
market in Asia Pacific is dominant due to the increasing demand for processed
food because of a shift in lifestyle trends. People are looking for
ready-to-eat meal options as they are leading a busy life.
Asia Pacific is also the
fastest-growing market as industrial applications and technologies involved in
starch processing are changing rapidly in the region. The demand for modified
starch is increasing as various industries are incorporating in their
manufacturing processes and products. Also, key players are increasingly
investing in the Asia Pacific modified starch market.
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This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Archer Daniels Midland Company (ADM) (US), Cargill (US), Ingredion (US), Tate & Lyle (UK), Roquette Frères (France), Avebe U.A (the Netherlands), Grain Processing Corporation (US), Emsland (Germany), AGRANA (Austria), SMS Corporation (Thailand), Global Bio-Chem Technology Group (Hong Kong), SPAC Starch (India), Qindao CBH Company (China), Tereos (France), and KMC (Denmark), Beneo (Germany), Angel Starch Food Pvt. Ltd. (India), Shubham Starch Chem Pvt Ltd. (India), Everest Starch India Pvt Ltd. (India), Sheekharr Starch Pvt Ltd. (India), Sanstar Bio-Polymers Ltd. (India), Universal Biopolymers (India), Sonish Starch Technology Ltd. (Thailand), Venus Starch Suppliers (India), and Gromotech Agrochem Pvt. Ltd. (India).
Latest Regulatory Trends Impacting the Enteric Disease Testing Market
The report "Enteric Disease Testing Market by
Technology (Traditional and Rapid), End Use (Food (Meat, Poultry, Seafood,
Dairy, Processed Foods, and Fruits & Vegetables) and Water), Pathogen
Tested, and Region - Global Forecast to 2026", The market
for enteric disease testing is estimated at USD 1.8 billion in 2021; it is
projected to grow at a CAGR of 6.0% to reach USD 2.4 billion by 2026. The
increase in global food production impacts the food enteric disease testing
market growth by increasing the number of food safety controls in each step from
raw material procurement till the product reaches the consumers. Further, food
manufacturers are willing to pay for testing and certification and have
included this practice in their manufacturing cycles. With consumers becoming
increasingly aware about the food and water-borne illnesses and stringent
regulations to meet international standards, there is growing demand for
enteric disease testing market.
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Salmonella pathogen is estimated to account for the largest
market share in the by pathogen for enteric disease testing market.
Increasing instances of food contamination and foodborne
poisoning are the major reasons for the growth of the enteric disease testing
market. Pathogens such as Salmonella are highly occurring contaminants in
cereals & grains and are also known as enteric bacteria often caused by
birds or rodents during harvesting. Salmonella also causes contamination in
meat, poultry, fruits, and vegetables. A several number of cases are found for
diarrhea and cholera, resulting in several deaths caused by Salmonella infected
food. These factors are paving way for growth of testing for Salmonella within
the enteric disease testing market.
By technology, the rapid testing technology sub-segment is
estimated to account for the fastest growth in the enteric disease testing
market.
The rapid technology market has been proved as a driver
for the enteric disease testing market owing to the attributes such as low
turnaround time, higher accuracy, sensitivity, and ability to test a wide range
of contaminants in comparison to traditional technology. Increasing food trade
across borders, rising food consumption, changing lifestyles of consumers, and
demand for convenience & processed food have led to the growing demand for
enteric disease testing in countries around the world, especially in the
booming markets of Europe.
The meat, poultry and seafood sub-segment by end use is
estimated to account for the largest market share of enteric disease testing market
over the forecast period.
The meat, poultry, and seafood segment is estimated to
dominate the enteric disease testing market in 2021. Due to easy susceptibility
to microbial and other contaminations along with the growing number of tests
for meat, poultry, seafood products has resulted in the growth of the market.
Stringent government policies & regulations for meat, poultry, and seafood
products and assurance of safe meat to consumers have led to consistent enteric
disease testing with checkpoints at different stages to eliminate any
incidences of meat contamination.
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Europe is projected to be the fastest-growing market for
the forecast period.
The market in this region is primarily driven by growth in
the German and UK markets. It is also driven by European food policies that
have been extensively emphasized by the National Reference Laboratories (NRLs)
and the European Reference Laboratories (EURLs) to maintain food standards and
protect consumer health. Campylobacter has been the most commonly reported food
outbreak, with an increase in confirmed human cases in the European Union (EU).
The market is further fueled by the presence of major enteric disease testing
companies such as SGS SA (Switzerland), Eurofins Scientific (Luxembourg), and
Intertek Group plc (UK), which are continuously investing and collaborating for
the development of better and faster testing technologies to aid conformity to
various enteric disease regulations.
Key Market Players:
Key players in this market include
SGS SA (Switzerland), Eurofins Scientific (Luxembourg), Intertek Group plc
(UK), Bureau Veritas (France), ALS Limited (Australia), and TÜV SÜD (Germany).
Key players in this market are focusing on increasing their presence through
mergers & acquisitions and new product developments, specific to consumer
tastes in these regions. These companies have a strong presence in Europe and
North America. They also have manufacturing facilities along with strong
distribution networks across these regions.
Wednesday, August 25, 2021
Biofertilizers Market Will Hit Big Revenues In Future
The report "Biofertilizers Market by Form (Liquid, Carrier-Based), Mode of Application (Soil Treatment, Seed Treatment), Type (Nitrogen-fixing, Phosphate solubilizing & Mobilizing, Potash Solubilizing & Mobilizing), Crop Type, and Region - Global Forecast to 2026" The global biofertilizers market size is estimated to be valued at USD 2.6 billion in 2021 and is expected to reach a value of USD 4.5 billion by 2026, growing at a CAGR of 11.9% in terms of value during the forecast period. Factors such as growth in consumer preference for organic food products, adoption of soil fertility management practices, serious concerns regarding the control of nitrate emissions and eutrophication in the aquatic environment, and government promotions for the use of organic fertilizers are some of the factors driving the growth of the biofertilizers market.
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COVID-19 Impact on the Biofertilizers Market:
The global market has witnessed a relatively stable market growth post-COVID-19 pandemic, with a similar trend of high demand in 2020. Biofertilizers can be developed easily, and therefore, are run by domestic manufacturers. As the produce can be manufactured by local companies, the supply chain has not been affected much due to the crisis. Therefore, local manufacturers are projected to dominate the market in most of the countries. There has been a significant increase in food crop production, such as soybean, in South America, fruits & vegetables in European countries, rice in Asian countries. In addition, there is repetitive cultivation due to the increased need in each country to step up domestic food production. Hence, biofertilizer is an effective tool, which helps in replenishing soil nutrition and has gained a high demand in the market. In addition, due to the ban on harmful chemical pesticides, the growth of the market for biofertilizers has not dropped significantly. With the relaxation of restrictions by the government, the market for biofertilizers is projected to grow significantly in the future.
Driver: Growth in the organic food industry
Consumers nowadays are becoming highly concerned about food safety issues, the rising residue levels in food, and environmental issues, due to the rising concerns about their health. This rise in awareness has induced them to prefer chemical-free food products. As a result, major supermarket chains such as Wal-Mart and Cosco are increasing their product offerings of organic foods. The restaurant industry in many developed countries is also offering organic food menus to serve health-conscious consumers. The growth in the organic food industry is triggering the demand for biofertilizers and organic manures, as these are pre-requisites of organic farming. With the outbreak of the COVID-19 pandemic, people have become more conscious about healthy organic food products, which has driven the market growth of biological inputs, such as biofertilizers. These factors have increased organic retail sales in many countries, such as the US, Germany, China, Switzerland, and Denmark.
Seed treatment by mode of application drives the market during the forecast period
By mode of application, the seed treatment segment is projected to have the highest CAGR during the forecast period. In seed treatment, biofertilizers such as Rhizobium, Azotobacter, and Azospirillum. are applied as coatings on seeds. This is the most common method of applying biofertilizers, as it is easy and generally effective under most conditions. This helps to encapsulate small amounts of functional microorganisms on it, which enables the plant to provide nitrogen for the roots, to uptake the nutrients. Seed treatment is extensively carried out for legume seeds for the purpose of nitrogen fixation.
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North America is the fastest-growing market during the forecast period in the global market
The North American market is projected to dominate the market due to the rising demand for organic products, increasing acceptance of biofertilizers among rural farmers, and high adoption of advanced irrigation systems such as drip & sprinkler irrigation for fertigation. A stringent regulatory environment in addition to a growing preference for the usage of biofertilizer products has led to the favorable growth of the market. Industrialization, mining, and urbanization have led to a decrease in arable land in North America.
Key Marker Players:
Key players in this market include Novozymes A/S (Denmark), Vegalab SA (Switzerland), UPL Limited (India), Chr. Hansen Holding A/S (Denmark), Kiwa Bio-Tech (China), Lallemand Inc. (US), Rizobacter Argentina S.A. (Argentina), T. Stanes & Company Limited (India), IPL Biologicals Limited (India), Nutramax Laboratories Inc. (US), Symborg (Spain), Kan Biosys (India), Mapleton Agri Biotech Pty Ltd (Australia), Seipasa (Spain), AgriLife (India), Manidharma Biotech Pvt Ltd (India), Biomax Naturals (India), Jaipur Bio Fertilizers (India), Valent BioSciences (US), Aumgene Biosciences (India), Agrinos (US), Criyagen (India), LKB BioFertilizer (Malaysia), Varsha Bioscience and Technology India Pvt Ltd. (India), and Valagro (Italy).
Sustainable Growth Opportunities in the Food Enzymes Market
The report "Food Enzymes Market by Type (Carbohydrases, Proteases, Lipases, Polymerases & Nucleases), Source, Application (Food & Beverages), Formulation, and Region(North America, Europe, Asia Pacific, and South America) – Global Forecast to 2026" The food enzymes market is estimated to be valued at USD 2.2 billion in 2021 and is projected to reach USD 3.1 billion by 2026, recording a CAGR of 6.4%, in terms of value. The growing demand for diverse range of food products, clean label trend, and increase in disposable income are the factors that are projected to drive the growth of the food enzymes market globally.
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COVID-19 Analysis:
The impact of COVID-19 food enzymes is expected to be significant, as the current pandemic has highlighted the significance of safe, healthy, and nutritious eating. While ingredient sales span across the countries, key companies in the food enzymes market have also begun to establish regional production. R&D and sales department and are also optimizing supply chains for the distribution of raw materials. Amidst the COVID-19 outbreak, food ingredient companies are facing significant challenges to address the increased demand for food enzymes to include changing tastes and preferences. A rapid and unexpected spike in demand for functional foods during the pandemic resulted in manufacturers, suppliers, and retailers struggling to ensure a continued supply of raw materials in the market. Disruptions in the supply chain during the COVID-19 lockdown across the countries were challenging for the market.
Drivers: Increasing demand for processed food
The global demand for processed foods is on the rise owing largely to the growing economies in the Asian continent. China and India are the major drivers behind the substantial growth of the processed food market. The middle-class population is increasing and the rise in their disposable incomes, coupled with a hectic lifestyle, contributes to the growth of this market. Food enzyme applications extend the freshness of end products, thereby prolonging the shelf life of convenience foods while also preserving their flavor, color, and texture.
Threats: Changes in food enzymes safety regulations in Europe
The European market for food enzymes held a share of about 30.0% of the global market in 2015. As enzymes are naturally present in ingredients used to make food, earlier, their safety and toxicity were not of much concern. However, the advent of large-scale production of food enzymes through strains of genetically modified microorganisms has led to increased scrutiny on the use of enzymes in Europe’s food & beverage industry. In the past, the regulation of enzymes used as processing aids was not carried out at the EU level. Of the member states, only Denmark and France evaluated these processing aids before their use in the food & beverage industry. This inconsistency in the assessment criteria of food enzymes among nations prompted the framing of a new EU legislation.
Asia Pacific is projected to grow at highest CAGR during the forecast period
The increasing purchasing power of consumers due to the economic development in APAC countries has led to an increase in the demand for high-quality processed food. Hence, due to their characteristics as essential healthy food additives, the market for enzymes in food & beverages is projected to grow. The changes in consumer preferences and liberalization of trade have further fueled the demand for foods like meat and meat products in the country.
Key Market Players:
Key players in the global market include DuPont (US), Associated British Foods plc (UK), DSM (Netherlands), Novozymes (US), and Kerry Group (Ireland), Advanced Enzyme Technologies Ltd (India), Amano Enzyme Inc. (Japan) and CHR. Hansen Holdings A/S (Denmark). These major players in this market focus on increasing their presence through expansions, 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.
Meat Starter Cultures Market to Witness Unprecedented Growth in Coming Years
According to
MarketsandMarkets, the "Meat Starter Cultures Market by
Application (Sausages, Salami, Dry-cured meat, and Others), Microorganism (Bacteria,
and Fungi), Composition (Multi-strain mix, Single strain, and Multi-strain),
Form, and Region - Global Forecast to 2025" size is
estimated to be valued at USD 62 million in 2020 and projected to reach USD 76
million by 2025, recording a CAGR of 3.9%, in terms of value. The functional
properties of meat starter cultures and their benefits while incorporation in a
wide range of applications are driving the global meat starter cultures market.
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Restraints: Stringent government
regulations for the use of starter cultures in processed meat products
Stringent regulations have proved to
be a major hindrance stifling the market for
starter cultures. Some of the global organizations involved in
providing regulatory norms include the World Trade Organization (WTO), European
Food and Feed Cultures Association (EFFCA), and other regulatory bodies. The
regulations for starter cultures as listed by the different organizations
include the following:
World Trade Organization
The World Trade Organization (WTO)
has laid down stringent rules and regulations for the import and export of
living microbes. The manufacturer has to obtain an environment clearance
certificate, quality certificate, and some other related certifications before
manufacturing microorganisms at the industrial level. Since the starter culture
industry involves high risk with respect to the health and environment, it
would not be easy for new manufacturers to enter the starter culture market.
There have been special regulatory measures present for companies to discard
the culture and biological effluent after the production.
European Food Safety Authority &
Qualified Presumption of Safety
The uses of bacteria must conform to
the general food safety standards, such as the European General Food Law
(European Parliament and the Council, 2002). The European Food Safety Authority
(EFSA) had announced five ‘generic’ approaches for the safety assessment of
microorganisms in food with a history of safe use. This approach includes a
qualified presumption of safety (QPS) in food. QPS derives basic knowledge of
the microorganisms that includes its pathogenicity, taxonomy, familiarity, and
application in food. The Scientific Committee of EFSA indicates that a thorough
knowledge of the microorganism is sufficient for awarding the QPS status for
numerous species from the groups of lactic acid bacteria and yeast.
By application, sausages
segment is projected to account for the largest share in the meat starter
cultures market during the forecast period
By application, the
market is segmented into sausages, salami, dry-cured meat, and others (such as
pepperoni and other processed meat products). The meat sausages segment, akin
to most other non-processed fresh meats and meat preparations, comprises
perishable food products, and most sausage manufacturers have been looking for
additional safety or longer shelf life, either in terms of less spoilage or
delayed oxidation. Meat starter cultures are used to provide additional safety
and delay spoilage by shifting the uncontrolled fermentation that spoils the
meat to a controlled fermentation by safe bacteria. Meat starter cultures
ferment the sausages and preserve their flavor, texture, color, and increase
their shelf-life by averting wastage.
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The European region
dominated the meat starter culture market with the largest share in 2019.
The meat starter cultures
market in Europe is dominant due to the increasing demand for processed meat
products with higher shelf-life because of a shift in lifestyle trends. People
are looking for ready-to-cook meal options as they are leading a busy life. The
consumption of sausage has been prominent in these countries, resulting in a
rise in demand for meat starter cultures for their production. The leading
companies dominating the meat starter cultures market include Chr. Hansen
(Denmark), Kerry Group (Ireland), and DSM (Netherlands); have a robust presence
in Europe due to higher demand for packaged meat in these regions.
North America is the
fastest-growing market as the technological advancements involved in monitoring
and using meat starter cultures are available in the region, and meat
manufacturers have been adapting to the changing technologies. The demand for
meat starter cultures is increasing as consumers have been inclined toward
organic and clean-label meat products. Also, key players are increasingly investing
in the North American meat starter culture market.
This report includes a
study on the marketing and development strategies, along with the product
portfolios of leading companies. It consists of profiles of leading companies,
such as Chr. Hansen (Denmark), DSM (Netherlands), Kerry (Ireland), DuPont (US),
Frutarom (Israel), Galactic (Belgium), Lallemand (Canada), Proquiga (Spain),
Westcombe (UK), Biochem SRL (Italy), RAPS GmbH (Germany), DnR Sausages
Supplies. (Canada), Sacco System (Italy), Canada Compound (Canada), Biovitec
(France), Genesis Laboratories (Bulgaria), Meat Cracks (Germany), THT S.A.
(Belgium), Stuffers Supply Co. (Canada), MicroTec GmbH (Germany), and Codex-Ing
Biotech (US).
Animal Disinfectants Market: Growth Opportunities and Recent Developments
According to
MarketsandMarkets "Animal Disinfectants
Market by Application (Dairy Cleaning, Swine, Poultry, Equine,
Dairy & Ruminants, and Aquaculture), Form (Liquid and Powder), Type
(Iodine, Lactic Acid, Hydrogen Peroxide), and Region - Global Forecast to
2026", The global animal disinfectants market size is
estimated to be valued at USD 3.0 billion in 2021. It is projected to reach USD
4.3 billion by 2026, recording a CAGR of 7.2% during the forecast period. The
market has a promising growth potential due to several factors, including the
rising awareness regarding hygiene and sanitation amidst this COVID-19 pandemic
and increasing demand for meat and other animal products.
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COVID-19 Impact on the Animal
Disinfectant Market
The impact of COVID-19 lockdown was
tremendous in scale across the globe and profound especially in the key
consumption markets for animal disinfectants. The demand for disinfectant
products channelized for the livestock sector has remained high, with manufacturing
plants for both disinfectants and water treatment being utilized at almost full
capacity for companies such as Lanxess. However, the supply-chain disruptions
in the key emerging markets, especially Mexico and Central America, negatively
impacted the sales, albeit for a temporary period. The last mile connectivity
to small and medium-scale livestock farms suffered a setback due to weakness in
the distribution channels. Prominent players in the market such as Neogen
expect a surge in demand with markets opening up gradually, and thus,
capacity-building remains among the major focus areas. Key giants have also
embarked on inorganic growth strategies by acquiring regionally-prominent
disinfectant manufacturers and thereby strengthening their geographical
outreach. Livestock disinfectant companies are also intensifying their efforts
to develop a plethora of anti-bacterial, anti-fungal, and anti-viral solutions
in the wake of growing concerns for zoonotic diseases.
Restraint: High entry
barriers for players
The high costs associated with the development and
registration of animal disinfectant products can result in small to
medium-scale companies losing out to larger players. Another barrier for
smaller players entering the market is the dynamic nature of the market itself,
which has recently witnessed prominent players intensively seeking to
consolidate their position through inorganic growth attempts such as acquiring
smaller market players. New companies showing disruptive potential become the
key targets for acquisitions by larger players such as Neogen Corp. and CID
Lines.
Prominent players in the market are intensively seeking to
increase their market share with the combination of inorganic and organic
growth trajectories with former holding precedence in the form of growing
number of acquisitions witnessed in recent years. The regulatory framework in
the developed markets of North America and Western Europe is very stringent,
with growing focus on good hygiene practices (GHP) which are cost-intensive thereby
hindering the entry of small to medium-scale enterprises.
On the basis of
application, dairy cleaning segment is expected to retain its dominance in the
foreseeable period
Dairy cleaning is a terminal biosecurity measure, which is
carried out at regular intervals. Due to the cost factor for larger cattle
herds, the use of dairy cleaning has a greater significance in the developed
markets. Countries in regions such as Europe and North America maintain
large-scale farms and dairy farms required to maintain proper dairy cleaning
measures to ensure the efficacy of the livestock and the equipment.
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Asia Pacific is projected
to be the fastest-growing region in the animal disinfectant market.
The animal disinfectant market in Asia Pacific is driven
by growing inclination towards animal-based food products that have prompted
stakeholders in supply-chain to ramp up their production and intensify rearing
leading to greater demand for cleaning and hygiene products, including
disinfectants. The region has also witnessed growing regulatory focus on the
Good Hygiene Practices (GHP) that are embedded as part of various mandatory
regulations to be followed at dairy, poultry, swine, equine and aquaculture
sectors. Markets in South East Asia such as Singapore and Malaysia are
providing vital cues to improve hygiene infrastructure in animal husbandry and
this trend is largely adopted by other countries in the region such as
Thailand, Vietnam, Indonesia where there is a strong need to implement robust
disinfection protocols.
Key Market Players
Key global market players offer wide range of animal disinfectant products to improve animal health and performance. Prominent livestock disinfectant manufacturers have strong presence in the European and North America countries. The key companies in the animal disinfectant market are Neogen Corporation (US), GEA (Germany), Lanxess AG (Germany), Zoetis (US), Kersia Group (France), and CID Lines (Belgium). Various strategies, such as expansions, mergers & acquisitions, and new product launches, were adopted by the key companies to remain competitive in the animal disinfectant market.