Growth Opportunities in the Nutraceutical Excipients Market

The Report "Nutraceutical Excipients Market by Functionality (Binders, Fillers & Diluents, Coating Agents, and Flavoring Agents), End Product (Prebiotics, Probiotics, Proteins & Amino Acids, and Vitamins), Form (Dry and Liquid), and Region - Global Forecast to 2025", The global nutraceutical excipients market size is estimated to account for about USD 3.4 billion in 2020 and projected to reach a value of nearly USD 4.9 billion by 2025, growing at a CAGR of 7.3% from 2020 to 2025. The market for nutraceutical excipients market has been growing in accordance with the rise in demand and consumption for nutraceuticals, around the globe. The consumption of dietary supplements in the form of tablets and capsules has been witnessing an upsurge demand in recent times, owing to the growing awareness for health benefits offered by these products that helps to support the wellbeing of the consumers. The key driving factors of the nutraceutical excipients market include increasing consumer concerns regarding maintaining a balanced diet and growing consumer awareness about several diseases caused due to lack of intake of necessary nutrients as a result of imbalanced dietary lifestyles. Food fortification is one of the major trends, which is also fueling the nutraceutical excipients market in the functional food & beverage industry.

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By form, the dry segment is estimated to account for the largest share in the nutraceutical excipients market in 2020

The dry form of nutraceutical excipients accounted for a larger market share, as compared to the liquid form. The popularity of the dry form can be attributed to its cost-effectiveness and convenience in multiple applications. An increase in demand for dry beverage mixes with additional nutrients, including customized mixes and consumer preference for fortified beverages are fueling the growth of the dry segment in the nutraceutical excipients market.

By functionality, the binders segment is estimated to account for the largest share in the nutraceutical excipients market in 2020

Based on functionality, binders accounted for the largest market share in 2019, followed by the fillers & diluents functionality segment. Binders are increasingly being used by dietary supplement manufacturers since these excipients are formulated to act as an adhesive to “bind together” powders, granules, and other dry ingredients to impart the required mechanical strength. Binders can also help in adding volume to low-active dose tablets, resulting in producing effective tablets with appropriate actives by holding the ingredients together. In addition, some binders also act as fillers and diluents in an array of application products, namely magnesium stearate, which is widely used as food and supplement additive. Due to factors such as versatility and vital importance in gaining product efficiency, binders are gaining traction. They are witnessing a rise in consumption as an excipient in the nutraceutical industry.

The segment estimated to account for the largest share in the nutraceutical excipients market in 2020, by end-product is the probiotics segments.

Probiotics are yeast and good bacteria that are beneficial for consumers, as they enhance digestion and gut health, improve immunity, increase nutrient absorption, and lower the chances of food allergies. Probiotic products are offered in different forms, including yogurt and drinks, and supplement forms such as tablets and capsules. However, there are two main challenges to develop a probiotic formulation viable for commercial utilization. The first one is the quality of health attributes that the probiotic organisms can confer, and the second one is the stability of the formulation till the end of its shelf life. Companies are focusing on developing and offering probiotic blend products, which includes APIs (Active Pharmaceutical Ingredient), containing probiotic formulations by using different types of excipients. Among the excipients used in these blends for probiotics formulation, mannitol was found the most suitable, which helped in the enhancement of the shelf life of end-products.

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North America is estimated to dominate the nutraceutical excipients market in 2020

North America accounted for the largest market share in 2019. The nutraceutical excipients market in North America is dominating, owing to the concentration of the global players such as DuPont (US), Kerry (Ireland), Cargill (US), and Ingredion (US). The market for nutraceutical excipients here is mature, and hence, the growth is moderate compared to other regions. Other factors contributing to the growth of nutraceutical excipients in North American region include the busy lifestyle of consumers, prevalence of chronic diseases due to hectic lifestyles, and an increase in awareness among consumers regarding the health benefits of nutritional foods, including food supplements, which has driven the demand for functional food products. In addition, the use of technological advancements and new product launches have made excipients available for a wide range of applications in the fortified food & beverage, dietary supplements, and nutraceuticals sectors, which is projected to drive the growth of the market in the region.

This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies in the nutraceutical excipients market. The key players in the nutraceutical excipients market include DuPont (US), BASF SE (Germany), Kerry Group PLC (Ireland), Ingredion Plc (US), Sensient Technologies (US), Associated British Foods (UK), Roquette Freres (France), Meggle Group Wasser (Germany), Cargill Inc (US), Ashland Global Holdings Inc (US), Seppic (France), Shin-Etsu Chemical Co Ltd (Japan), Fuji Chemical Industries Co Ltd (Japan), Pharmatrans Sanaq AG (Switzerland), Pioma Chemicals (India), Gattefosse (India), W.R.Grace & Co (US), Omya (Switzerland), Grain Processing Corp (US), and Gangwal Chemicals Pvt Ltd (India). The nutraceutical excipients market also consists of key start-up players, which include IMCD (Netherlands), Hilmar Ingredients (US), Innophos Holdings Inc (US), JRS Pharma (Germany), Biogrund GmbH (Germany), Pharma Line Intl Corp (South Korea), Jigs Chemical (India), Panchamrut Chemicals (India), Azelis Chemical Ltd (Europe), and Daicel Group (Japan).

Food Encapsulation Market Projected to Garner Significant Revenues by 2026

The report "Food Encapsulation Market by Shell Material (Polysaccharides, Emulsifiers, Lipids, Proteins), Technology (Microencapsulation, Nanoencapsulation, Hybrid Encapsulation), Application, Method, Core Phase, and Region - Global Forecast to 2026", The global food encapsulation market is estimated to be valued at USD 10.6 billion in 2021. It is projected to reach USD 15.6 billion by 2026, recording a CAGR of 8.0% during the forecast period. Encapsulation is majorly done to produce particles that can control mass transport behavior. The diffusion of the material is prevented by the shell material used in encapsulation. Encapsulants act as the wall material and protect the core that consists of a sensitive bioactive agent, from water, oxygen, and light, to avoid any reaction on the core phase. The materials used for the encapsulation of food bioactive agents must be of food-grade because they are incorporated into foods.

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Polysaccharides are considered appropriate shell material because of their enormous molecular structure.

Polysaccharides are easily chemically modifiable and provide numerous textures and viscosities. Because of their enormous molecular structure and ability to entrap bioactives, polysaccharides are considered the appropriate building blocks for delivery systems. Owing to this, they are widely used as inexpensive and safe shell materials for encapsulation. There are numerous types of polysaccharides available in the market for the encapsulation process.

Atomization is preferred over other physical methods because of its large-scale production ability

The atomization process of encapsulation is the suspension of small droplets of the core phase and shell material in the gas phase with the help of spray chillers, spray dryers, spinning disks, and many similar equipment types. The atomization process is a widely used process for the encapsulation of food ingredients. The atomization process is preferred over other processes because of some major advantages offered, which include the possibility of employing a wide variety of encapsulating agents; availability of large equipment; simplicity of equipment; the ability of large-scale production; larger efficiency; and lower transport, storage, and process costs. The major disadvantage of this process is that the materials produced are non-uniform in size.

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Hybrid encapsulation is projected to record the highest CAGR during the forecast period

Hybrid encapsulation technology of bioactive agents is a developing field capable of developing functional food products. Health-promoting food ingredients, such as vitamins, essential oils, antioxidants, antimicrobials, and flavors, can be delivered successfully in functional food products by doing hybrid encapsulation, which helps in enhancing the stability and bioactivity for targeting health benefits. Hybrid encapsulation is used in numerous applications, such as hybrid encapsulation of essential oils & nutrients, antimicrobials, probiotics, and antioxidants. Hybrid encapsulates are formed by emulsification of an aqueous solution of starch, an oil phase containing the active core. The emulsion is obtained and mixed with a core-shell capsule suspension. The spray drying process is performed on the resulting mixture, and hybrid encapsulates are obtained.

Key players in this market include Cargill, Incorporated (US), BASF SE (Germany), DuPont (US), DSM (Netherlands), FrieslandCampina (Netherlands), Kerry (Ireland), Ingredion (Switzerland), International Flavors & Fragrances Inc. IFF (US), Symrise (Germany), Sensient Technologies Corporation (US), Blachem Inc. (US), Firmenich SA (Switzerland), Vitablend (Netherlands), Advanced Bionutrition Corp (US), Encpasys LLC (US), Clextral (France), Sphera Encapsulation (Italy), Aveka (US), Lycored (Israel), and Tastetech (US).

Food Extrusion Market to Showcase Continued Growth in the Coming Years

The report "Food Extrusion Market by Extruder (Single Screw, Twin Screw, and Contra Twin Screw), Process (Cold and Hot), Product Type (Savory Snacks, Breakfast Cereals, Bread, Flours & Starches, and Textured Protein), and Region - Global Forecast to 2026", is estimated to be valued at USD 73.1 billion in 2021. It is projected to reach USD 99.7 billion by 2026, recording a CAGR of 6.4% during the forecast period. The food extrusion market in the food industry has been growing in accordance with the processed food industry. The effect of busy lifestyles in developing economies has driven the market for processed food; hence, there is a rise in demand for extruded product types. In developing countries, the food extrusion market is also evolving in response to the rapidly increasing demand for convenience product type options.

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Savory snacks are projected to witness the highest growth during the forecast period.

Extrusion technology is mainly used to produce snack products. These snacks may be either ready to eat, ready to fry, or ready to bake and consume. Raw materials such as rice, corn, potato, and taro, high in starch content, have been popular feed materials for food extrusion because of their ease of availability and good functional properties. Potato-based extruded snacks are the most popular among the snack foods in most regions. Corn and tortilla-based extruded snacks are increasingly becoming a significant portion of snack foods consumed.

By extruder type, the twin screw extruder segment dominated the food extrusion market in 2020.

Twin screw extruders consist of two intermeshing, co-rotating screws mounted on splined shafts in a closed barrel. The extruder can ensure transporting, compressing, mixing, cooking, shearing, heating, cooling, pumping, shaping, and various other functions with a high level of flexibility. Twin screw extrusion equipment offers numerous advantages over single screw extrusion and is responsible for the increased demand for these extruders from various manufacturers in the food processing industry.

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US dominated the North America market for food extrusion market in 2020.

It is estimated that around two-thirds of the women in the US are estimated to work, leading to an increase of the working population. The US is estimated to lead the food extrusion market in North America. The market is highly fragmented, emphasizing the presence of companies of large, medium, and small scales, and comprises a complex supply chain that involves many intermediaries. It is the largest consumer of extruded food; it also exports extruded snacks to South America and Asia.

The key service providers in this market include Bühler (Switzerland), Akron Tool & Die (US), Baker Perkins (UK), Coperion (Germany), GEA (Germany), KAHL Group (Germany), Triott Group (Netherlands), Flexicon (US), Groupe Legris Industries (Belgium), The Bonnot Company (US), American Extrusion International (US), Shandong Light M&E Co., Ltd (China), Snactek (India), Doering systems, inc. (US), PacMoore (US), Egan Food Technologies (US), Schaaf Technologie GmbH (Germany), Wenger Manufacturing, Inc. (US), Brabender GmbH & Co. KG (Germany), and Jinan Darin Machinery Co., Ltd., (China)

Latest Regulatory Trends Impacting the Protective Cultures Market

The report "Protective Cultures Market by Product Form (Freeze-dried and Frozen), Target Microorganism (Yeasts & Molds and Bacteria), Application (Dairy & Dairy Products, Meat & Poultry Products, and Seafood), Composition, and Region - Global Forecast to 2023", The market for protective cultures is estimated at USD 101.1 million in 2018; it is projected to grow at a CAGR of 23.6% to reach USD 292.1 million by 2023.

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The yeast & molds segment is estimated to account for a larger market share, in terms of value, in 2018

Microorganisms are recorded as the major contaminants that degrade food products. Fermented products are more prone to spoilage by microorganisms. The common spoilage microorganisms include yeasts, molds, and bacteria. Molds is the primary food spoilage agent in dairy products. Yeasts mainly grow inside a food product, while molds typically grow on the surface. Molds mostly grow at a pH of 3 to 8. The protective cultures market for the growth control of yeasts & molds is projected to witness a faster growth of 23.9% during the forecast period.

The genetically modified segment is estimated to witness the fastest growth in the protective cultures market, in terms of value, in 2018

The genetic modification of protective cultures improves the quality and production of oil. The high demand for competitive and economically priced vegetable oil has led to an increase in the preference for genetically modified seeds. Genetically engineered protective cultures are being used as an important ingredient in the functional foods industry. This widespread demand and an increase in the application areas are some of the factors, due to which the market is projected to witness faster growth.

The dairy & dairy products segment, by application, is estimated to account for the largest market share, by value, in 2018

Based on application, the dairy & dairy products segment is expected to dominate the food and beverage protective cultures market due to the wide consumption of dairy products such as cheese, yogurt, and butter across the globe. The cheese industry is also one of the major application areas of protective cultures. Companies such as Chr Hansen and DuPont Danisco have a significant presence in the dairy & dairy products segment with a wide array of dairy protective cultures.

The freeze-dried segment, by product form, is estimated to account for the largest market share, by value, in 2018

The freeze-dried segment in the protective cultures market is projected to grow at a higher CAGR and account for the largest market share during the forecast period. Protective cultures are highly unstable during storage and need to be preserved well to extend their shelf life. Freeze-dried protective cultures are considered the most convenient form for their application in various industries.

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The multi-strain mixed segment, by composition, is estimated to account for the largest market share, by value, in 2018

Based on composition, the market of multi-strain mixed protective cultures is projected to hold the largest market share by 2023, owing to the fact that each microorganism in these cultures performs specific functions, and hence, there is no need to use multiple single-strain cultures. Europe is projected to grow at the highest CAGR of 23.5% during the forecast period Europe accounted for the largest share of the protective cultures market and was valued at USD 38.4 million in 2017. The dominant status of Europe can be attributed to the strong dairy industry in the region. The combined output of the EU-28 countries in the global dairy industry contributes 44.0% to the global dairy production. According to the USDA, the European Union produced 115.6 million liters of milk in 2017, marking an increase of 2.0% as compared to the previous year’s output.

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 protective cultures market. It includes the profiles of leading companies such as Chr Hansen (Denmark), DowDuPont (US), Sacco S.R.L (Italy), CSK Food Enrichment B.V. (Netherlands), THT S.A. (Belgium), Dalton Biotechnologies (Italy), Biochem S.R.L (Italy), Meat Cracks Technology GmbH (Germany), Royal DSM N.V. (Netherlands), Bioprox (France), Aristomenis D. Phikas & Co SA. (Greece), and Soyuzsnab Group of Companies (Russia).

Latest Regulatory Trends Impacting the Snack Pellets Market

The report "Snack Pellets Market by Type (Potato, Corn, Rice, Tapioca, Multigrain), Form (Laminated, Tridimensional, Die-face, Gelatinized), Technique (Twin-screw extruder, Single-screw extruder), Flavor (Plain, Flavored, Nutritional), and Region – Global Forecast to 2023", The snack pellets market is estimated to account for about USD 2.0 billion in 2018 and is projected to reach a value of about USD 2.5 billion by 2023, growing at a CAGR of 5.3% from 2018. The snack pellets market is highly impacted by innovations, as manufacturers are always introducing new ingredients, new variants, and processing techniques to meet the increasing demand and cater to changing consumer demands. The rise in on-the-go consumption has encouraged the savory snack manufacturing industry to produce new products that could meet these rising demands from the working-class consumers. In addition to this, the growing focus on facility expansion, marketing schemes, and information exchange programs for creating awareness to enhance the consumption of snack pellets have contributed to the growth of the market.

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By type, the potato segment is estimated to account for the largest share in the snack pellets market in 2018.

On the basis of type, the potato segment is estimated to dominate the snack pellets market in 2018. Potato starch is the most widely used ingredient in the production of snack pellets. Potato starch, to obtain extruded snacks with the desired texture and properties, is used in the rice meal. Potato-based snack pellets are widely consumed due to their long shelf-life, low-cost transport, easy availability, and storage convenience. It also offers high bulk density, various flavors, and choices for consumers of all age groups.

The snack pellets market is witnessing strong growth due to the increasing usage of twin-screw extruders in the snack industry.

Twin-screw extruders consist of two intermeshing and co-rotating screws mounted on splined shafts in a closed barrel. This equipment offers numerous advantages over single-screw extruders. As a result, these extruders witness increasing demand from various manufacturers in the food processing industry. Twin-screw extruders have various possible configurations for producing different shapes of snack pellets with the help of counter-rotating screws, as compared to single-screw extruders. These extruders also offer various advantages, such as extrusion of heat-sensitive products, rapid mixing characteristics, and reduced volatilization of flavors, to end users.

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North America is estimated to dominate the snack pellets market in 2018.

North America is estimated to account for the largest market share for snack pellets in 2018. Because of the abundant availability of raw materials and the presence of a strong food processing industry, North America holds the largest share of the snack pellets market, in terms of both volume and value. Additionally, snacks made from potatoes are highly preferred by consumers. These factors are responsible for the largest share of potato-based snack pellets in the region.

This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies in the snack pellets market. It includes the profiles of the leading companies such as Limagrain Céréales Ingrédients (France), Liven S.A. (Spain), Grupo Michel (Mexico), Leng dOr S.A. (Spain), and Pellsnack-Products GmbH (Germany).

Meal Replacement Market Will Hit Big Revenues In Future

According to MarketsandMarkets "Meal Replacement Market by Product Type (Ready-to-Drink, Bars, Powder), Distribution Channel (Offline and Online), and Region (North America, Europe, Asia Pacific, South America, and RoW) - Global Forecast to 2026", the global meal replacement market size is estimated to be valued at USD 11.9 billion in 2021 and is projected to reach USD 15.5 billion by 2026, recording a CAGR of 5.4% during the forecast period in terms of value. It is driven by increasing prevalence of obesity and diabetes coupled with the increasing population of health-conscious consumers and changing consumer lifestyle and availability of convenient nutritious meal in the form of meal replacement.

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The bar segment is projected to grow at a second-high CAGR in the meal replacement market

Based on product type, bar segment is forecasted to grow at a second-high CAGR. Meal replacement bars are an alternative to a complete meal. These bars are fortified with proteins, carbohydrates, fats, vitamins and minerals, and fiber in an adequate quantity required by an average person in a day. These bars are an excellent choice for meal-on-the-go and for weight management programs. Bars are convenient to carry and have a longer shelf-life compared to ready-to-drink options. Owing to these factors the segment is projected to grow at a significant rate.

The supermarket & hypermarkets segment in the offline format accounts for the largest market share in the meal replacement market

Based on offline format stores, supermarkets & hypermarkets segment is the largest segment in the overall meal replacement market. This share can be attributed to the large shelf spaces available in supermarkets. Not only in developed countries such as the US, but consumers in many developing countries such as China, Thailand, India, and Indonesia have started opting for grocery shopping from supermarkets since retail chains are becoming highly organized.

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The North America region is the largest region in the meal replacement market in the forecast period

North America is the largest region in the global meal replacement market in the forecast period. The presence of major meal replacement product manufacturers such as Abbott Laboratories (US), Amway (US), Herbalife Nutrition (US), Atkins (US), Kellogg Co. (US) among others, further drives the market in the 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 Abbott Laboratories (US), Glanbia (Ireland), Amway (US), Herbalife Nutrition (US), Nestle (Switzerland), Atkins (US), Huel (UK), Kellogg Co. (US), Skin Enterprises Inc. (US) and USANA Health Sciences Inc. (US).

Sustainable Growth Opportunities in the Grain Alcohol Market

The report "Grain Alcohol Market by Type (Ethanol, Polyols), Application (Food, Beverages, Pharmaceutical & Healthcare), Source (Sugarcane, Grains, Fruits), Functionality (Preservative, Coloring/flavoring agent, Coatings), and by Region - Global Forecast to 2026", According to MarketsandMarkets, the global grain alcohol market size is estimated to be valued at USD 12.2 billion in 2021 and is projected to reach USD 14.9 billion by 2026, recording a CAGR of 4.1% during the forecast period. The increase in demand for grain alcohol in various industries such as food & beverages and health & personal care is driving the grain alcohol market globally. The grain alcohol market is gaining momentum due to increase in the production of beer and increasing demand of craft beer. The use of ethanol in the beverage industry has resulted in the growth in the market of grain alcohol for beverage applications. Grain alcohol is also used as preservatives, food color, or coatings in the end products.

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The beverages segment, by application, is projected to witness significant growth during the forecast period.

The beverages segment includes beer, wine, spirits, and other beverages such as ready-to-drink (RTDs), premixes, cider, and perry. Beer is the worlds most widely consumed alcoholic beverage, and the third-most popular drink overall, after water and tea. Global beer consumption is mainly driven by growing disposable income, improvements in the quality of beer, marketing & advertising activities, and a steadily growing beer-consuming population base. Wine is an alcoholic beverage made by fermenting grapes or other fruits. Spirits are alcoholic beverages produced by distillation of ethanol obtained by the fermentation of grains, fruits, or vegetables. The ethanol concentration in spirits is increased above that of the original fermented mixture by a method called distillation. With the rapidly rising demand for alcoholic beverages and the increased production of the same, the beverages segment is likely to grow at the highest rate during the forecasted period.

The polyols segment, by type, is projected to witness higher growth during the forecast period.

The various polyols considered for the study include sorbitol, maltitol, xylitol, mannitol, and eythritol, among others. Sorbitol is a low-calorie sugar known as a polyol or sugar alcohol. Naturally, it is found in foods including apricots and prunes. Its uses include retention of moisture in products, bulk sweetener, and an ingredient in sugar-free sweets, chewing gums, and pharmaceuticals. Maltitol is a type of sugar alcohol, which is used as a replacing agent to table sugar as it does not cause tooth decay, has fewer calories, and has lesser effect on blood glucose. The manifold applications of polyols in the food & beverage industry is projected to drive the growth of this segment.

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

The Asia Pacific region is characterized by dense population and urbanization, which has resulted in a rise in consumption of food & beverage products. This has in turn, given an opportunity to the grain alcohol market to secure its position in the food & beverage industry by introducing new innovative alcohol products to cater to the changing demands of the manufacturers and end consumers.

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, ADM (US), Cargill (US), Merck Group (Germany), Roquette Frères (France), MGP Ingredients (US), Cristalco (France), Grain Processing Corporation (US), Wilmar Group (Singapore), Manildra Group (Australia), Glacial Grain Spirits (US).