Upcoming Growth Trends in the Plant-based Beverages Market

The global plant-based beverages market is estimated to be valued at USD 11.16 billion in 2018 and is projected to reach USD 19.67 billion by 2023, at a CAGR of 12.0% during the forecast period. The plant-based beverages market is driven by the growing popularity of vegan diets, especially in the developed countries such as the US, the UK, and Germany. Apart from this, the adoption of hectic lifestyles in the Asia Pacific and South American regions has urged consumers in these regions to opt for low-calorie options, thus, increasing the demand for plant-based beverages.

The key players in the global plant-based beverages market include The WhiteWave Foods Company (US), Blue Diamond Growers (US), Pacific Foods (US), Hain Celestial (US), SunOpta (Canada), Want Want China Holdings Limited (China), Kikkoman(Japan), Califia Farms (US), The Coca-Cola Company (US), Ripple Foods (US), WildWood Organic (US), and Pureharvest (Australia). Expansions, acquisitions, and new product launches were the core strengths of the leading players in the plant-based beverages market. These strategies were adopted by the players to increase their market presence. They also helped them diversify their businesses geographically, strengthen their distribution networks, and enhance their product portfolios. Market leaders such as The WhiteWave Foods Company (US), Blue Diamond Growers (US), Pacific Foods of Oregon (US), SunOpta (Canada), and The Hain Celestial Group (US) successfully tapped the potential markets through expansions, new product launches, and acquisitions.

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The WhiteWave Foods Company (US) is one of the leading players in the plant-based beverages market. The company offers almond milk, coconut milk, cashew milk, soy milk, rice milk, oat milk, and hazelnut milk under its plant-based beverages portfolio. In North America, the company distributes leading plant-based beverage brands such as Silk, So Delicious, and Vega. In Europe, WhiteWave’s popular plant-based beverage brands include Alpro and Provamel. In 2017, WhiteWave (US) was acquired by Danone (US). The company focuses on new product launches, as one of its key strategies, to expand its presence in the plant-based beverages market space. For instance, in 2018, the company launched 3 new almond milk products with cashew under its “So Delicious Dairy Free” brand. Apart from this, the company also adopted other strategies such as joint ventures, acquisitions, expansions, and partnerships.

Blue Diamond Growers (US) is one of the world’s largest almond processing companies. The company is engaged in the almond-based products business. It manufactures almond-based snacks, beverages, and ingredients. It operates in the plant-based beverages business through its brand, Almond Breeze, which represents almond milk made from California almonds and is marketed as an alternative to dairy and soymilk. The company sells its products in over 80 countries at a global level. It focuses on expansions, as one of its key strategies, to expand in the plant-based beverages market. For instance, in 2018, the company expanded its presence in the Brazilian plant-based beverages market with the launch of “Almond Breeze”.

Target Audience:

The report is targeted toward the existing players in the industry, which include:

• Manufacturers/suppliers
• Beverage manufacturers & processors
• Traders & retailers
• Regulatory bodies and associations, which include the following:
• The Plant Based Foods Association (PBFA)
• The Food and Drug Administration (FDA)
• The United States Department of Agriculture (USDA)
• The European Food Safety Authority (EFSA)
• The Soyfoods Association of North America (SANA)
• The Specialty Food Association (SFA)
• The British Dietetic Association (BDA)
• The National Recreation and Park Association (NRPA)
• Dietitians of Canada (DC)
• National Milk Producers Federation (NMPF)
• Dietitians Association of Australia (DAA)

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Flavor Systems Market to Showcase Continued Growth in the Coming Years

The report "Flavor Systems Market by Type (Brown, Dairy, Herbs & Botanicals, Fruits & Vegetables), Application (Beverages, Savories & Snacks, Bakery & Confectionery Products, Dairy & Frozen Desserts), Source, Form, and Region - Global Forecast to 2023", is estimated to be valued at USD 5.64 billion in 2018 and is projected to reach a value of USD 6.96 billion by 2023, growing at a CAGR of 4.3% during the forecast period. Factors such as the Creation of novel flavors driven by favorable consumer reception and cross product usage of flavors are driving the growth of this market.

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By Source, the Nature-identical segment is projected to be the fastest-growing segment in the flavor systems market during the forecast period.

Nature-identical substances are chemically identical to any substance that are naturally present in materials of plant and animal origins, and are therefore a more preferred choice, for both, manufacturers of end-products, and consumers alike. Most commercial flavorants are nature-identical substances, as these tend to be more stable in nature than natural flavoring extracts, while being a more cost-effective option, hence are projected to witness rapid growth in demand during the forecast period.

By application, the beverages segment is projected to dominate the flavor systems market during the forecast period.

Flavors of fruits & vegetables and spices are widely being utilized and blended with beverages such as coffee and chocolate shake to create a worming aroma and taste, and also to create a sweet and spicy warm fall flavor. Other flavors such as mint flavors are added in beverages to create refreshing flavor and aromatic taste. Such innovations and customization in beverage products and flavor variety in line with consumer demands, is projected to boost the growth for flavor enhancers in the beverage segment.

The increasing demand for flavor systems in the North American and European regions is driving the growth of the flavor systems market.

In Europe, the growth of flavor systems is attributed to the growth in the. Beverages, bakery and dairy & frozen desserts industry, with growing demand for flavor enhancers in confectionery products. Soft drinks, dairy products, frozen products, and other alcoholic and non-alcoholic beverages are the most innovative food sectors in the region, offering significant opportunities for the growth of flavoring systems. Furthermore, the growing consumption of bakery & confectionery products and savories & snack products, and the demand for their product variety has resulted in intensifying demand for flavor systems in these food products. The innovation in food applications, with the use of flavor systems in these industries, has resulted in new product development and increased consumption of flavor systems in different food applications in this region.

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The demand for flavor systems in North America is driven by the increasing demand and creation of innovative flavor systems for processed food products as the region is among the largest consumers of processed food products. The market growth is further driven by the presence of a significant number of flavoring systems manufacturers in the region catering to the growing domestic as well as international market demand. Furthermore, the constantly evolving consumer demand for flavor varieties in end products together with the strategy of flavor systems market players to work in close proximity of their customers further aids the growth and development of the flavor systems market in the North American region.

Key Market Players:

Givaudan (Switzerland), International Flavors & Fragrances (IFF) (US), Firmenich (Switzerland), Symrise (Germany), and Mane SA (France) are the leading players in the flavor systems market. Major players in this market are focusing on increasing their presence through expansions & investments, mergers & acquisitions, partnerships, joint ventures, and agreements. These companies have a strong presence in North America and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

Upcoming Growth Trends in the Feed Antioxidants Market

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

The powder segment for dry feed antioxidants is projected to account for the largest market share, by form

The powder form of feed antioxidants dominated the dry segment. Powders are estimated to witness higher demand as they are convenient to coat over the feed. In addition, as the size of the powder form is consistent, it helps to be coated on the feed easily. Antioxidants such as carotenoids, ethoxyquin, BHT, BHA, and TBHQ are available in this form. These antioxidants are preferred as they are also easy to use in combination with other feed antioxidants.

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The poultry segment is projected to account for the largest feed antioxidants market share, by animal

In poultry production, one of the major factors for feed is the cost; hence, reducing feed costs per bird is a priority. Poultry production has to be efficient as feed has to be converted into meat and eggs. Feed costs can be reduced by adding feed additives such as enzymes and antioxidants, which increase digestibility and prevent the loss of nutrients, with the result that the poultry gains more nutritional value from the same amount of feed. Companies such as Cargill, Koninklijke DSM N.V., and Kemin provide feed antioxidants such as carotenoids, tocopherols, synthetic antioxidants and citric acid, BHT, butylated hydroxyanisole (BHA), and tocopheryl acetate for the poultry industry.

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

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

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

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Key Questions Addressed by the Report:

• What are the growth opportunities in the feed antioxidants market?
• What are the major and new product launches in the feed antioxidants market?
• What are the significant trends that are disrupting the feed antioxidants market?
• What are some of the major regulatory challenges and restraints that the industry faces?
• Which region is projected to emerge as a global leader by 2025?

Latest Regulatory Trends Impacting the Water Soluble Packaging Market

The water-soluble packaging market is estimated to be valued at USD 2.8 billion in 2019 and is projected to reach USD 3.7 billion by 2025, recording a CAGR of 5.0% during the forecast period. The increasing demand for sustainable and green packaging drives the market growth for water-soluble packaging.

Key players in this market include Lithey Inc. (India), Mondi Group (Austria), Sekisui Chemicals (Japan), Kuraray Co. Ltd. (Japan), Mitsubishi Chemical Holdings (Japan), Aicello Corporation (Japan), Aquapak Polymer Ltd (UK), Lactips (France), Cortec Corporation (US), Acedag Ltd. (UK), MSD Corporation (China), Prodotti Solutions (US), JRF Technology LLC (US), and Amtopak Inc. (US).

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Kuraray Co. Ltd (Japan) is a key supplier, offering products in categories such as resins, chemicals, fibers, and textiles based on polymer and synthetic technologies. Its operations focus on becoming a specialty chemical company, which is growing sustainably by incorporating new foundational platforms into its own technologies. It is pursuing competitive superiority by creating new demand and by developing high-value-added and customized products and applications such as transfer printing technologies and dust abatement technologies based on client requirements. MonoSol, a subsidiary of Kuraray Co. Ltd., led the way with its unit dose technology, collaborating with marketers to develop laundry detergent products and created a new product category, water-soluble film-packaged products in the detergent industry. It encapsulates laundry and dishwasher pods or packs, which would eliminate the need to pour and measure liquids or powders.

In 2018, the company established a water-soluble film manufacturing facility in Indiana, US. The development helped the company to strengthen its market position in the US.

Aquapak Polymer Ltd (UK) is a privately held company headquartered in Birmingham and one of the leading developers, manufacturers, and distributors of biodegradable and marine safe polymer films for packaging. The company works in collaboration with the brands and retailers, and packaging manufacturers to design circular economy solutions to replace single-use plastic packaging.

Aquapak Polymer Ltd. offers polymer-based products under the brand, Hydropol. Product is categorized as water-soluble, stable & storable, heat-sealable, electrostatic-resistant, and ultraviolet-resistant.

In October 2019, the company launched garment packaging bags made from Aquapak polymer Ltd. in collaboration with Finisterre (UK), a garment company . The company aims to replace traditional packaging with soluble packaging.

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

Key Questions Addressed by the Report:

• What are the growth opportunities in the water soluble packaging market?
• What are the major raw materials used for manufacturing water soluble packaging?
• What are the key factors affecting market dynamics?
• What are some of the significant challenges and restraints that the industry faces?

Enteric Disease Testing Market Growth by Emerging Trends, Analysis, & Forecast

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.

Crop Protection Chemicals Market: Growth Opportunities and Recent Developments

The report "Crop Protection Chemicals Market by Type (Herbicides, Insecticides, Fungicides & Bactericides), Origin (Synthetic, Biopesticides), Form (Liquid, Solid), Mode of Application (Foliar, Seed Treatment, Soil Treatment), Crop Type and Region - Global Forecast to 2025" The global Crop protection chemicals size is estimated to be valued USD 63.7 billion in 2020 and is projected to reach a value of USD 74.1 billion by 2025, growing at a CAGR of 3.1% during the forecast period. The growth of this market is attributed to an increasing need for food security of the growing population.

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Driver: Increase in need for food security owing to the rise in population

According to the International Food Policy Research Institute, almost 690 million people went hungry around the world in 2019, an increase of 10 million over 2018, and the COVID-19 pandemic could push an additional 83 milllion-132 million into chronic hunger in 2020, according to the 2020 State of Food Security and Nutrition in the World (SOFI) report, released July 13. The report provides the latest authoritative estimates on global hunger, malnutrition, and food insecurity.

State of Food Security and Nutrition in the World (SOFI) 2020 projects that 841.4 million people will be hungry globally by 2030 if these trends continue, and the world will not achieve its 2025 and 2030 targets of defeating malnutrition. According to the FAO Chief Economist, attributed these alarming findings to the unaffordability of healthy diets, noting that globally, 3 billion people lack the means and access to good nutrition. In order to transform food systems to reduce these costs, policy makers must look at both supply and demand. Policies should enhance the efficiencies of the food supply chain and subsidize production of nutritious foods; at the same time, expanding social safety nets and policies that encourage behavioral change can promote healthier diets.

Opportunity: Rapid growth in the biopesticides market and organic agriculture

Biopesticides are pesticides produced naturally, with minimum usage of chemicals. Since growing environmental considerations and the pollution potential and health hazards from many conventional pesticides are on an increase, the demand for biopesticides has been rising steadily in all parts of the world. Biopesticides are growing in popularity, due to their less or non-toxic nature as compared to synthetic pesticides. Moreover, biopesticides provide more targeted activity to desired pests, unlike conventional pesticides that often affect a broad spectrum of insects, birds, and mammalian species. Further, biopesticides can be very effective in small quantities, offering lower exposure and are quickly decomposable; they leave virtually no harmful residue after application.

The synthetic segment dominated the market for Crop protection chemicals by source.

Synthetic crop protection chemicals are manufactured in laboratories and are mixtures of chemicals that intend to avert, kill, repel, or destroy any pests. Synthetic crop protection chemicals are perceived to be toxic and dangerous if proper chemicals are not used. However, since the past 60 years, various innovative synthetic crop protection chemicals have been developed which are less toxic and more effective on crops. Due to innovative product development by the leading crop protection chemical manufacturing companies such as BASF SE (Germany), various new and more pest-specific synthetic crop protection chemicals are being developed, which cause less damage to the environment.

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Asia Pacific is the fastest-growing market during the forecast period in the global Crop protection chemicals

The key markets in the Asia Pacific region include China, India, Japan, and the Rest of Asia Pacific. The Asia-Pacific, a region where agricultural systems and technologies vary from one country to another, consists of about 40%, that is, 600 million hectares of the global crop area. Rice cultivation and the predominance of small-scale manufacturers are widely seen across all the countries of the Asia-Pacific region.

The increasing awareness about pesticides and continuous technological advancements are factors contributing to the growth of this market. In addition to this, the growing demand for crops and rising cultivation in the countries of Asia-Pacific have forced agribusiness companies to expand their supplier and manufacturing base in the region.

Upcoming Growth Trends in the Biofertilizers Market

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).