Growth Strategies Adopted by Major Players in the Fruit & Vegetable Processing Market

The report "Fruit & Vegetable Processing Market by Product Type (Fresh, Fresh-cut, Canned, Frozen, Dried & Dehydrated, Convenience), Equipment (Pre-processing, Processing, Washing, Filling, Seasoning, Packaging), Operation, and Region - Global Forecast to 2022", The global fruit & vegetable processing market is estimated to be valued at USD 245.97 Billion in 2017 and is projected to grow at a CAGR of 7.1% from 2017, to reach USD 346.05 Billion by 2022. The global fruit & vegetable processing market comprises the global fruit & vegetable processing equipment market and processed fruits & vegetables market. The market for fruit & vegetable processing is showing significant growth with the increase in the number of distribution channels such as supermarkets and hypermarkets and rising middle-class population & disposable income in developing economies such as China, India, and Mexico. The growing investments in automation development of processing technology along with freezing and packaging technology across the globe are the leading factors that contribute to the demand for fruit & vegetable processing equipment, worldwide.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=140232885

Based on type, the market has been segmented into fruits, vegetables, and others (jams, pickles, and preserved produce). The vegetables segments dominated the global processed fruits & vegetables market, in terms of both, value and volume. The increase in health consciousness among consumers and growing vegetarian population is expected to drive the demand for the vegetables segment.

Based on type, the fruit & vegetable processing equipment market has been segmented into pre-processing, peeling/inspection/slicing, washing & dewatering, fillers, packaging & handling, seasoning systems, and others (control & information systems, metal detectors, and fryer & oven systems, homogenizers, and weighers). The fillers and packaging & handling segments are projected to grow at the highest CAGR during the forecast period. The increase in innovations and technological advancements in the processing equipment industry is expected to drive this market during the forecast period.

North America is estimated to occupy the largest share of the global fruit & vegetable processing market, in terms of value, in 2017, owing to the mature fruit & vegetable processing industry and the presence of major companies such as JBT Corporation, Conagra Brands, and Dole Food. In the Asia Pacific region, India is projected to be the fastest-growing market during the forecast period. The changing lifestyles and preferences, increasing awareness regarding the benefits of processed fruits & vegetables, the growing health-conscious population, higher disposable incomes, and growth of the middle-class population are some of the factors driving the growth of the fruit & vegetable processing market in India. India has a varied agricultural climate, relatively inexpensive labor, and according to the FAOSTAT, it accounted for the second-largest population in the world in 2017, which is expected to support the growth of this industry. Key players in Europe and the US focus on tapping the market in countries such as India and China, owing to which Asia Pacific is expected to witness high growth in the coming years.

The food recall incidences, coupled with complex supply chain and high inventory carrying cost are the major factors restraining the growth of the processed fruits & vegetables market, globally. The major challenges faced by the processors/manufacturers are high capital investments for equipment and strict regulations that ensure consumer safety.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=140232885

The market for fruit & vegetable processing equipment is dominated by key players such as Bosch (Germany), Buhler (Switzerland), GEA Group (Germany), JBT Corporation (US), and Krones (Germany), while the market for processed fruits & vegetables is dominated by Conagra Brands (US), Dole Food (US), Kroger (US), Olam International (Singapore), The Kraft Heinz Company (US), Albertsons (US) Greencore Group (Ireland), and Nestlé (Switzerland). These leading players have adopted various strategies such as expansions, acquisitions, new product launches, and joint ventures/partnerships/collaborations to explore new and untapped markets, expand in local areas of emerging markets, and develop a new customer base for long-term client relationships. This has not only enabled the key players to expand their geographical reach but has also reinforced their market position by gaining a larger share in terms of revenue and product portfolios.

Small-scale players have also adopted these strategies to expand their businesses globally by investing in the establishment of manufacturing facilities and technical service centers in various regions. Inorganic growth strategies enable them to improve their technical expertise through intensive R&D infrastructure offered by bigger players.

Key Trends Shaping the Agricultural Sprayers Market

The global agricultural sprayers market is projected to reach USD 3.1 billion by 2025, recording a CAGR of 6.5% during the forecast period. Factors such as an increase in farm sizes, demand for high efficiency in agricultural operations, and cost reduction for productivity improvement are expected to drive agricultural sprayers' demand during the forecast period. Asia Pacific segment will dominate the market due to its increase in large- and medium-sized farmlands, increasing agricultural practices, and rising use of advanced technological farm equipment.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=46851524

Drivers: Increase in focus on farm efficiency and productivity

Agriculture has traditionally been a risky economic activity, and farmers worldwide have been impacted by economic downturns and environmental shifts. The newer technology versions of agricultural sprayers have provided various benefits to the farmers, such as low cost, increased spray efficiency, safety, and less damage to the crops and environment. This is subsequently growing the demand for sprayers in the global market. Agricultural sprayer manufacturers are increasingly inclined to focus on enhancing farmers' capabilities and knowledge to make them more productive and help them compete in the market. Also, the increasing implementation of precision farming techniques has improved the potential of manufacturers of sprayers to make the agricultural steps more efficient and predictable.

Restraints: High capital investment in modern agricultural equipment

The major restraining factor for the agricultural sprayers market is the high initial investment. Self-propelled and aerial sprayers need high initial investments, efficient farming tools, and skilled & knowledgeable farmers or growers; this makes the farmers apprehensive about using this technology. Farmers or growers are required to make a huge initial investment in GPS, drones, and GIS to collect input data, variable rate technology, and satellite devices, among others. The majority of the farmers are marginal farmers or small landholding farmers who find it difficult to invest in expensive equipment. This restraint is particularly high in developing countries such as India, China, and Brazil. Currently, most developing countries are importing farming equipment from other countries, which increases the product cost. Recently, these countries have started investing in the research & development (R&D) of smart farming equipment, owing to the increasing demand for farm management solutions. This demand would help in the reduction of hardware equipment and device prices. Moreover, many software designers are developing user-friendly solutions to save the consultation cost of farmers.

By power source, the fuel-based sprayer segment is the fastest-growing segment in the market during the forecast period

Fuel-operated sprayers are most efficient due to their strong engine, capacity to cover large farm areas, and reduced human effort, but they also demand proper maintenance. For their running, all engines need fuel, air, and a proper system of ignition. Thus, in a petrol engine, clean petrol, clean air, and healthy ignition are essential. Fuel-based sprayers are used for high volume spraying.

By crop type, the cereals segment is projected to account for the largest share in the agricultural sprayers market during the forecast period

Cereals form an important segment for the agricultural sprayers market as wheat and maize are grown abundantly in different regions. The use of agricultural sprayers helps farmers cover larger farm sizes and protect crops, resulting in higher crop yield. According to the OECD-FAO Agricultural Outlook for 2014–2023, the global wheat utilization volume is projected to reach 774 million tons by 2023; 295 million tons is projected to be utilized in developed countries while the remaining 479 million tons are expected to be utilized in developing countries. Agricultural sprayers experience high demand from cereal producers to increase crop yield. Thus, increasing demand for cereals and grains in consumers' diets drives the growth of the agricultural sprayers market.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=46851524

The Asia Pacific region is projected to account for a major share in the market during the forecast period

This market is also projected to be the fastest-growing during the forecast period. Agriculture is the major occupation in the Asia Pacific region; it has a huge regional presence, including countries like China, India, Australia, Japan, and the Rest of Asia Pacific. Thus, the increasing agricultural practices, use of advanced technological farm equipment, and requirement of high-quality agricultural produce are expected to drive the agricultural sprayers market in this region.

This report includes a study on the marketing and development strategies and the product portfolios of leading companies. It consists of profiles of leading companies, such as John Deere (US), CNH Industrial N.V. (UK), Kubota Corporation (Japan), Mahindra & Mahindra Ltd. (India), STIHL (Germany), AGCO Corporation (US), Yamaha Motor Corp. (Japan), Bucher Industries AG (Switzerland), EXEL Industries (France), AMAZONEN-Werke (Germany), BGROUP S.p.A. (Italy), Agro Chem Inc. (US), Boston Crop Sprayers Ltd. (UK), H&H Farm Machine Co. (US), Buhler Industries Inc. (Canada), AG Spray Equipment, Inc. (US), and John Rhodes AS Ltd (UK).

Liquid Fertilizers Market: Growth Opportunities and Recent Developments

The report " Liquid Fertilizers Market by Type (Nitrogen, Phosphorus, Potassium, and Micronutrients), Mode of Application (Soil, Foliar, and Fertigation), Major Compounds (CAN, UAN, MAP, DAP, and Potassium Nitrate), Crop Type, and Region - Global Forecast To 2025", The global liquid fertilizers market size is estimated to be valued at USD 2.4 billion in 2020 and is projected to reach a value of USD 3.0 billion by 2025, growing at a CAGR of 4.4% 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 liquid fertilizers market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=225530281

Driver: Growth in demand for enhanced high-efficiency fertilizers

Enhanced, efficient application of liquid fertilizers ensures that crops and plants receive nutrients in an amount that is required at the right time and at the right place, with minimum wastage. Enhanced efficiency fertilizers (EEF) are growing substantially in the agriculture industry in various fields such as cereals and industrial crops, as a result of the emergence of new urease inhibitors and inexpensive polymer coating technologies. Such application of enhanced efficiency fertilizers also helps in reducing the negative impact of nutrients by way of leaching into water reservoirs.

Restraint: High handling costs

One of the major restraints in the growth of the liquid fertilizers market is the high storage cost of liquid fertilizers, along with the high cost of installation. Liquid fertilizers are water-soluble. The cost of mixing the nutrients in the water is high, and so is the cost of transportation, as fertilizers in the liquid form require distinctive handling and storage facilities. This is hindering the growth of the market around the globe, especially in regions such as Africa and the Middle East due to the lack of awareness about the application of liquid fertilizers.

By major compounds, the calcium ammonium nitrate (CAN) segment to be the fastest-growing segment in the market during the forecast period.

Calcium ammonium nitrate (CAN) is the most widely used nitrogen fertilizer due to its relatively high nutrient content and physical properties, such as high solubility, which helps in quickly dissolving into the soil. It contains calcium and magnesium, which help in improving the efficiency of absorbing nitrogen by the roots and reduce nitrogen losses, making the fertilization more profitable; this also protects subsoil waters against pollution by nitrogen compounds. CAN is used more in the case of acidic soils as it does not further acidify the soil. It is majorly used for wheat, barley, fruits, and vegetables. Increasing adoption of drip and sprinkler irrigation is projected to increase the demand for CAN fertilizers during the forecast period.

By mode of application, the fertigation segment is projected to be the fastest-growing segment in the liquid fertilizers market during the forecast period.

Fertigation is an agricultural technique, which includes water and fertilizer application through irrigation. This process provides an opportunity to maximize the yield and minimize environmental pollution. Moreover, through fertigation, a farmer can uniformly apply nutrients throughout the field, whenever required. This market is projected to grow due to the adoption of efficient irrigation systems globally.

The advantage of fertigation is that it requires less labor, time, energy, and water. This mode of application is gaining importance due to its reliability and efficacy. However, to get the desired results using this method, proper knowledge of the system and efficient management are required. Fertigation is used in fields of row crops, horticultural crops, fruit crops, vegetable crops, and ornamental & flowering crops. There has been a shift in farming practices toward holistic approaches that include both fertilizer and water application techniques, which is a key factor that is projected to drive the growth of this market in the next five years, particularly in North America and Europe.

Make an Inquiry:
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=225530281

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

The market for liquid 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 by 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), Compass Minerals (US), Kugler (US), Haifa Group (Israel), COMPO Expert GmbH (Germany), AgroLiquid (US), Plant Food Company, Inc. (US), Foxfarm Soil and Fertilizer Company (California), Agro Bio Chemicals (India), Agzon Agro (India), BrandT (US), Nufarm (Australia), Plant Fuel Nutrients, LLC (US), Nutri-tech solutions (Australia) and Valagro SPA (Italy).

Upcoming Growth Trends in the Lactase Market

According to MarketsandMarkets "Lactase Market by Source (Yeast, Fungi, Bacteria), Form (Liquid, Dry), Application (Food & Beverage, Pharmaceutical Products & Dietary Supplements), Region (North America, Europe, APAC, South America, RoW) - Global Forecast to 2025", the global lactase market size is estimated to be valued at USD 217 million in 2020 and is projected to reach USD 298 million by 2025, recording a CAGR of 6.5%, in terms of value. The growing awareness among lactose intolerant population regarding self-diagnosis all across the globe offers potential growth for lactase enzyme, that helps in the production of lactose-free products.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=125332780

Drivers: Rising cases of lactose-intolerance and growing demand from lactose-free dairy product manufacturers

Lactase enzyme find its major applications in the food & beverage industry, majorly for dairy products, as it reduces the lactose content and makes the products lactose-free. The rise in lactose intolerant population globally is one of the major factors driving the growth of lactase market, which is used in the production of lactose-free dairy products.

The demand for lactose-free dairy food products is driven by the increase in incidences of food allergies and intolerances. According to the National Center for Biotechnology Information (NCBI), nearly 65% of the global population is prone to lactase deficiency. Thus, this has led to an increase in the production of lactose-free dairy products, which helps the lactose-intolerant population to avoid gastrointestinal problems. People with lactose intolerance are unable to digest lactose present in the milk due to the lack of an enzyme called lactase, which naturally occurs in the intestinal tract of children and adults. It causes bloating and diarrhoea after consuming any dairy product, especially milk. Lactase converts the milk sugar found in dairy products, such as milk, ice cream, and cheese, to readily digestible sugars, such as glucose and galactose. Without adequate lactase, the lactose in food ferments in the intestine produces undesirable side effects. In addition, the increase in health awareness and wellness concerns among consumers is a key factor that is projected to drive the growth and demand for lactose-free dairy products.

By source, the yeast segment is projected to account for the largest share in the lactase market during the forecast period

Yeast is a largely-used source for the extraction of lactase enzyme. Kluyveromyces lactis and Kluyveromyces fragilis (Sacchoramyces fragilis) are recognized as safe” (GRAS) by the Food & Drug Administration (FDA). Therefore, lactase enzyme sourced from yeast finds major applications in the food & beverage industry, especially in the dairy industry.

By form, liquid segment is projected to be the fastest growing segment in the lactase market during the forecast period

The liquid form of enzymes is generally less stable than the solid form, although it may have higher activity and better functionality than the powder form. It is directly used in the liquid form or sprayed and absorbed on a solid carrier. Among all applications, the liquid form of lactase enzyme is widely used in the food & beverage industry and pharmaceutical applications for products, such as syrups. Liquid lactase enzyme accelerates chemical, biological, and metabolic reactions by altering a reaction's efficiency and results in making the pharmaceutical product more efficient for human use.

Make an Inquiry:
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=125332780

The North America region dominated the lactase market with the largest share in 2019, whereas Asia-Pacific is expected to witness the highest growth rate.

The lactase market in North America is dominant due to the growing demand for different types of lactose-free products such as drinkable yogurt, ice-cream, and flavored milk. Increasing awareness about lactose intolerance among consumers and growing inclination towards health-promoting dietary supplements are the key factors that are projected to drive the growth of the market in the North American region.

The fastest growing market is Asia-Pacific for lactase. The increase in awareness and self-diagnosis among lactose intolerant population, also growing consumption of lactose-free products offers potential growth for the lactase manufactures in the region. The increase in health concerns and the growing trend of opting for reduced added sugar/no added sugar claims have created growth opportunities for lactase in the region. Major players such as Valio Ltd. (Finland), expanded its production facility in China to cater lactose-free products for lactose intolerant population.

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 Holdings A/S (Denmark), Kerry Group (Ireland), Koninklijke DSM N.V (the Netherlands), Novozymes (Denmark), Merck KGaA (Germany), DuPont (US), Senson (Finland), Amano Enzyme (Japan), Advanced Enzyme Technologies (India), Enmex (Mexico), Antozyme Biotech Pvt. Ltd. (US), Nature Bioscience Pvt. Ltd. (India), Aumgene Biosciences (India), Creative Enzymes (US), Biolaxi Corporation (India), Novact Corporation (US), Enzyme Bioscience (India), Infinita Biotech Private Limited (India), Rajvi Enterprise (India), and Mitushi Biopharma (India).

Textured Vegetable Protein Market: Growth Opportunities and Recent Developments

According to MarketsandMarkets, the "Textured Vegetable Protein Market by Application (Meat alternatives, Cereals & Snacks, Others), Form, Source (Soy, Wheat, and Peas), Type (Slices, Flakes, Chunks, and Granules), and Region - Global Forecast to 2025", the market size is estimated to be valued at USD 1.1 billion in 2020 and is projected to reach USD 1.5 billion by 2025, recording a CAGR of 6.2%, in terms of value. The changing consumer preference and interest in vegetable protein sources, due to its nutritional profile, inclination toward clean eating, rise in health concerns, and environmental concerns, as well as animal welfare, have resulted in the growth of the alternatives, such as plant-based meat, and ingredients such as textured vegetable protein.

Download PDF Brochure:
https://www.marketsandmarkets.com/PressReleases/textured-vegetable-protein.asp

Drivers: Growing adaption of meat alternatives among consumers

Textured vegetable protein obtained from various sources such as soy, wheat, and pea has been adaptive among the food manufacturers, as it poses as a meat alternative with functional and nutritional characteristics. Also, it has witnessed high rates of adoption among consumers, as it replicates the characteristics of meat products, such as sausages, burger patties, nuggets, and crumbles, with a similar texture and flavor. Meat alternatives contain protein from plants and are formulated to providing an option for non-meat consumers. Flexitarians have been actively working to reduce meat consumption in their diets and are emerging as a larger potential consumer segment. This has increased the production of meat alternatives that closely match the consumer eating experience of beef, chicken, and other animal-based products.

According to Animal Legal Defense Fund, in the US, every year, more than 9 billion animals are raised and killed on factory farms. The factory farm system has contributed to a range of problems, from increasing antibiotic resistance to the climate crisis. The consumer inclination toward meat alternatives can mitigate animal-sourced food to a huge percentage. Meat alternative manufacturers, such as Beyond Meat (US) and Impossible Foods (US), have witnessed a surge in sales of meat alternatives, due to a shortage of beef and pork during the COVID-19 pandemic. Beyond Meat (US) reported its first-quarter net revenue spike of 141 % to more than USD 97 million in 2020, compared to the previous year USD 40 million in 2019.

By source, the soy segment is projected to account for the largest share in the textured vegetable protein market during the forecast period

Soy has been a low-calorie and low-fat source of vegetable protein. It is often used as a meat substitute or meat extender due to its low cost as compared to animal-based sources of protein. Moreover, when textured soy protein is cooked with meat, it aids in retaining more nutrients from the meat by absorbing fluids that are usually lost. Textured soy protein acts as an ideal substitute for meat and is gaining higher traction among vegan and flexitarian consumers. These characteristics are majorly driving the demand for the usage of soy as a prime source for textured vegetable protein.

By type, slices segment is projected to account for the largest share in the market by form during the forecast period

Textured vegetable protein slices were obtained by processing various beans with higher protein content. They are the unique source of protein that contains essential amino acids, protective ingredients, minerals, and vitamins, which are necessary for total metabolism. Sliced textured vegetable proteins used in meat alternatives are often used as a substitute for traditional meat products. Slices have primarily utilized in meat alternatives as burger patties, which are used in various consumer applications.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=264440297

The North American region is the largest in the textured vegetable protein market during the forecast period.

The textured vegetable protein market is driven by the rise in the detrimental effects of conventional meat production and health concerns among consumers. This has increased the demand for meat alternatives and advancements in the research & development activities to substitute traditional meat products. The North American textured vegetable protein market is led by its various applications with respect to sustainability. Advancements in ingredient development have helped improve the adaptability of textured proteins for a wide range of food applications and are estimated to drive growth in the region. The North American region is the largest market for textured vegetable protein, owing to the development of novel and superior quality meat alternatives, developed technologies, and higher consumer adaption to meat alternatives. The increase in processed and convenience food production and innovations in segments such as meat alternatives and cereals & snacks drives the demand for textured vegetable protein in the North American region.

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 ADM (US), Cargill (US), CHS (US), Roquette Freres (France), DuPont (US), Wilmar International (Singapore), The Scoular Company (US), Puris Foods (US), VestKorn (Norway), MGP Ingredients (US), Beneo GmbH (Germany), Shandong Yuxin Bio-Tech (China), FoodChem International (China), Shandong Wonderful Industrial Group (China), Axiom Foods (US), AGT Food & Ingredients (Canada), Sun NutraFoods (India), Crown Soya Protein Group (China), La Troja (Spain), and Hung Yang Foods (Taiwan).

Upcoming Growth Trends in the Grain Silos and Storage System Market

The report "Grain Silos and Storage System Market by Silo Type (Flat bottom silo, Hopper silo, Grain bins, and Other silo types), Commodity Type (Rice, Wheat, Maize, Soybean, Sunflower, and Other commodity types), & Region – Global Forecast to 2025", The global grain silos & storage system market 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 4.8% during the forecast period. The growth of the grain silos and storage system market is driven by factors such as the increase in production of high-quality grains through effective storing, and efficient post-harvest management of grains to drive the market growth.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=69287165

Driver: Production of high-quality grains through effective storing and efficient post-harvest management to drive the market growth

A majority of the countries, including the US, Canada, Mexico, China, India, Germany, and the UK, which significantly export agricultural produce in the international markets, are focusing on maintaining the quality of their grains for a longer period of time. Their use is higher in the developed regions, as the farmers in these regions cultivate large-scale farmlands and store high quantities of crops for a longer period of time. In addition, due to the increased prevalence of farmers that can invest in set-up silos, the growth of the market is high in the region. The European region consists of many strong grain silo manufacturers. The key players in the silos market, such as Rostfrei Steels, Silos Cordoba, PRADO Silos, and Symaga, are now focusing on developing silos that meet the needs of farmers in different geographies.

Constraint: High initial investments in equipment and its setup affect their demand across developing countries across regions

Smallholder farmers comprise the majority of the cultivator population in all the regions of the world. They are devoid of appropriate resources and facilities to produce large yields. These farmers are increasingly unaware of the importance of effective storage and maintenance of high-quality grains produced. Small-scale farmers reside in rural areas and have limited land resources to be able to establish silos for storage. According to JMS equipment, the budget capital cost of a cylindrical silo vessel can vary from USD 50,000 for a small bolted silo to over USD 1,000,000 depending on the size and materials of construction. Such investments are possible for a small farmer. Hence, they are still adhering to the traditional methods of grain storage, resulting in a loss of at least 8%–10% of their produce.

By commodity type, maize segment is projected to dominate the market.

Maize is an important crop in various developed and developing countries. It is used as livestock feed and processed into various food and industrial products, such as starch, sweeteners, corn oil, beverage & industrial alcohol, and fuel ethanol. The major feed grains consumed in the US are corn, sorghum, barley, and oats. According to the USDA, in the US, corn is a major feed grain, accounting for more than 95% of the total feed grain production and use. It is used as a key energy ingredient in the livestock feed.

Make an Inquiry:
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=69287165

North America to be the largest market for grain silos and storage system during the forecast period.

The on- and off-farm grain storage capacity has reached nearly 20% in the last few years, according to the US Department of Agriculture, with some of the major gains of more than 30% in North and South Dakota in North America, as farmers had switched to corn, which yields nearly twice as many bushels per acre than the area’s traditional wheat crop. Thus, firms, such as CTB, which is a subsidiary of Warren Buffett’s Berkshire Hathaway Inc. (US), are developing advanced metal grain storage silos that are used across North America.

Key Market Players

Some of the major players operating in the grain silos and storage system market include AGCO Corporation (US), AGI (Canada), Silos Córdoba (Spain), PRADO SILOS (Spain), Symaga (Spain), SIMEZA (Spain), Bentall Rowlands Silo Storage Ltd (UK), Mysilo (Turkey), Sukup Manufacturing Co. (US), MICHAL (Poland), Privé SA (France), Dehsetiler Makina (Turkey), MULMIX SpA Unipersonale (Italy), Polnet Sp. z o.o. (Poland), Brock Grain Systems (US), Behlen Mfg. Co. (US), SCAFCO Grain Systems Co. (US), Sioux Steel Company (US), Superior Grain Equipment (US), and Hoffmann, Inc. (US).

Enteric Disease Testing Market to Witness Unprecedented Growth in Coming Years

The enteric disease testing market 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 increasing food demand has compelled farmers, food manufacturers, and suppliers to increase the quantity and improve the quality of agricultural produce and food products. To meet the increasing food demand, global food production must be increased by 70% by 2050, according to the Food and Agriculture Organization of the United Nations (FAO). The increase in global food production impacts the growth of the enteric disease testing market with an increasing number of enteric disease controls in each step—from the raw material procurement till the product reaches consumers, who look out for accredited certification when they purchase food products to ensure the safety of food.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=139763313

COVID-19 Impact on the Global Enteric disease testing Market

The concern among consumers is estimated to increase for the security and safety of food products due to the outbreak of COVID-19, and this might lead to a high adoption rate for testing technologies and laboratories across the globe. Thus, the demand for enteric disease testing will increase in the coming years. Moreover, pandemic situations created due to the outbreak of COVID-19 will increase the demand for rapid tests from food manufacturers and growers to test an adequate number of samples in less time, thereby increasing the supply chain activities and enhancing the adoption of testing technologies.

Restraint: Lack of proper regulations governing pathogen testing in the developing economies

The food industry in developing countries remains highly fragmented and is predominated by small and unorganized players, who may have not necessarily adopted proper food testing practices, leading to a greater risk of contamination. The testing of food & beverage products, such as packaged foods, dairy products, beverages, and meat products, requires proper enforcement measures, coordination between market stakeholders, and supporting infrastructure. However, many countries that are classified in the cluster of developing economies lack these factors, acting as a restraint to the testing of pathogens in food and water in these regions.

Opportunity: Technological innovations in the enteric disease testing industry

Technological advancements and innovation across the supply chain have brought about a change in the way business is conducted. The focus is on reducing the lead time, sample utilization, the overall cost of testing services offered. Cheaper, faster, and efficient computing hardware coupled with improved software, network connectivity, and advanced sensors is gaining traction in the enteric disease industry.

By technology, the rapid technology segment is estimated to account for the largest market share in the enteric disease testing market.

Rapid technology in the food industry is used to monitor the count, type, and metabolites of microorganisms that lead to food spoilage, preservation, fermentation, safety, and foodborne pathogens As the use of the Hazard Analysis & Critical Control Points (HACCP) model and other enteric disease systems have become firmly entrenched in quality assurance/quality control (QA/QC) programs, the industry’s need for “faster, better, cheaper” real-time test results has also increased.

The meat, poultry and seafood food sub-segment is estimated to account for the largest market share in the by food end use segment of enteric disease testing market over the forecast period.

The global consumption of meat and processed meat products is highly rising. Further, with expanding globalization, food products are traded, which provides scope for various processes ranging from packaging, handling, storing and transportation, leading to food infestation. All these factors lead to an increased chance of contamination of the food, due to which the meat and seafood products are estimated to account for the highest market share in the market.

Make an Inquiry:

https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=139763313

The rising health awareness among consumers in the North American region and presence of key players is projected to account for the largest market size during the forecast period

The high level of awareness about healthy foods and nutrition is projected to drive the market growth for enteric disease testing market in North American region. Furthermore, the US and Canada combined have a high concentration of market players after Europe and are also high on technology adoption.

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.