Sustainable Growth Opportunities in 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 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 the 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).

Sustainable Growth Opportunities in the Plant-based Beverages Market

The report "Plant-based Beverages Market by Source (Almond, Soy, Coconut, and Rice), Type (Milk and Other Drinks), Function (Cardiovascular health, Cancer prevention, Lactose intolerance, and Bone health) and Region - Global Forecast to 2023", The plant-based beverages market is estimated at USD 11.16 billion in 2018 and is projected to reach USD 19.67 billion by 2023, growing at a CAGR of 12.0% from 2018 to 2023.

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The growth of the plant-based beverages market is attributed to the rise in the number of companies penetrating this nascent market by adding plant-based beverage products based on almond milk, soy milk, and rice milk to their portfolio. In 2017, a major food manufacturing company, Danone (US), acquired The WhiteWave Foods Company (US) to expand its presence in the plant-based beverages space. Apart from this, the rise in the trend of vegan diets, especially in countries such as the UK and the US, amidst the ethical concerns surrounding animal welfare, fats present in animal-based diets, and the usage of antibiotics, has boosted the consumption of plant-based beverages in these countries.

The almond segment is projected to dominate the plant-based beverages market through the forecast period.

Based on the source, the almond segment is projected to dominate the plant-based beverages market, in terms of value, through 2023. The increased demand for dairy-free alternatives; rise in the number of lactose intolerant individuals in major revenue-generating regions such as the Asia Pacific and Africa; increase in the cases of lifestyle-related diseases such as heart diseases and cancer in the US, and rise in obesity cases in developing countries such as Argentina have boosted the almond milk sales, both in terms of value and volume. The almond milk segment has gained popularity in coffee shops and restaurants across the US.

The plant-based milk segment is projected to dominate the plant-based beverages segment.

Based on type, the plant-based milk segment accounted for the larger share in the plant-based beverages market, in terms of value, in 2017. Manufacturers have been coming up with non-dairy alternatives such as almond milk, soy milk, and coconut milk in a variety of flavors, which has gained consumer interest. They are also introducing new sources such as oat milk, cashew milk, rice milk, hemp milk, and pea milk. These alternative dairy sources are occupying spaces on supermarket shelves. The vegan trend is also gaining popularity, with millennials preferring it to traditional dairy beverages. Growing health concerns about the consumption of animal-based diets have led to consumers shifting toward plant-based diets.

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The Asia Pacific dominated the global plant-based beverages market.

The Asia Pacific market accounted for the largest share in the plant-based beverages market, in terms of value, in 2017. The region consists of key revenue pockets in countries such as China & Thailand, which are some of the key consumers of plant-based diet products. China is one of the largest consumers of soy milk, which is considered the most suitable alternative to dairy milk. Furthermore, the country’s leading dairy products manufacturer, Want Want China Holdings Limited, is expanding its base in the plant-based beverages space. Apart from this, Thailand is expected to be a key revenue pocket in coming years, with plant-based diets being one of the key trends in the country in 2018 as per the US Department of Agriculture (USDA).

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as 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).

Grain Alcohol Market to Record Steady Growth by 2026

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" is estimated at USD 12.2 billion in 2021; it is projected to grow at a CAGR of 4.1% to reach USD 14.9 billion by 2026.

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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 the increase in beer production and increasing demand for 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 alcohols are used as preservatives, food color, or coatings in the end products. The market for grain alcohol is largely associated with the sale of beverage products. Increasing sales of a variety of beverage and health & personal care products in matured markets of developed economies in the last five years are responsible for the increased growth of the grain alcohol industry.

Ethanol sub-segment in by type segment is estimated to account for the largest share in the grain alcohol market.

Ethanol is widely used in the food industry as a flavoring and coloring agent and in candy glazing. The antimicrobial property of ethanol helps it to be used in pharmaceuticals for medicinal applications. It is very commonly found in cough syrups. Ethanol is an excellent solvent; due to its solubility, ethanol finds its usage in manufacturing antibiotics, tablets & pills, vitamins, and in a variety of medicines.

In by source segment, the fruits sub-segment is projected to account for the fastest market growth in the grain alcohol market.

Alcohol can be produced by fermenting a sugar-containing mash of fruits such as grapes, berries, and apples. Grapes are the most commonly used raw materials for alcohol fermentation to produce alcoholic beverages such as wine and brandy. Apples and citrus fruits, when added with sufficient fermentable sugars, are crushed and fermented. Their use in production of premium quality alcoholic beverages such as wines, is estimated to increase their usage in the market.

Beverage sub-segment by application is projected to account for the largest market share of the grain alcohol market over the forecast period.

Alcoholic beverages are estimated to account for the largest market share in the global grain alcohol market, as globall populations in developed and developing economies show a rising trend for consumption of alcoholic beverages. The manufacturers are also investing into development of newer customized lproduc ts for attracting consumer interest and sales for their products. These are estimated to account for the strong growth of the segment.

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North America is estimated to dominate the global grain alcohol market over the forecast period.

The rising consumption of and demand for alcohol has resulted in the use of grain alcohol for beverage applications. In North America, the US is one of the dominant grain alcohol markets. Beer, spirits, and wine are largely consumed alcoholic beverages in this country. The country has no specific law that forbids the consumption of alcohol in public but enforces strict laws on age limit for its consumption and purchase. According to the Organisation for Economic Co-operation and Development (OECD), Canada has milder levels of taxation of alcohol at the federal level, but minimum prices and markups are enforced in several provinces, which contribute to raising prices. These trends account for the strong share of the region in global market.

Key Market Players:

The key players in this market include ADM (US, Cargill (US), Wilmar Group (Singapore), Merck Group (Germany), and Roquette Frères (France). These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

Growth Opportunities in the Food Encapsulation Market

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 market for food encapsulation is estimated at USD 10.6 Billion in 2021; it is projected to grow at a CAGR of 8.0% to reach USD 15.6 Billion by 2026.

The development of retail channels in the form of supermarkets, hypermarkets, and convenience stores has encouraged the growth of the food encapsulation market. These large food chains are the major outlets for functional food products due to the increase in the trend of on-the-go consumption. This trend is projected to drive the growth of the food encapsulation market to make these products more stable. Different bioactive compounds, such as omega-3 and omega-6 fatty acids, vitamins, phenolic compounds, and carotenoids, are now widely used to develop products with numerous functional properties to meet the increasing consumer demands. However, such compounds are highly unstable under certain conditions of light, temperature, pH, and oxygen. Therefore, microencapsulating such compounds is a mode of protecting them from harsh conditions during food processing. Several food constituents that are widely encapsulated include different flavoring agents, lipids, antioxidants, essential oils, pigments, probiotic bacteria, and vitamins. The need for complex properties for fortification in food products is expected to increase over the next few years. Some of these complex properties are delayed-release, stability, thermal protection, extended shelf-life, and suitable sensory profile, which would be challenging to achieve without encapsulation technology.

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Polysacharides sub-segment in by shell material segment is estimated to account for the largest share in the food encapsulation market.

The polysaccharides segment accounted for the largest market for shell material segement and is projected to follow the same trend through 2026. Owing to their enormous molecular structure and ability to entrap bioactives, polysaccharides are considered the most-suitable building blocks for delivery systems. They are preferred to synthetic polymers because they are safe, inert, biocompatible, non-toxic, biodegradable, eco-friendly, low in cost, and abundantly available in nature.

In by method segment, the physico-chemical sub-segment is projected to account for the fastest market growth in the food encapsulation market.

Since co-acervation does not subject the core phase to high temperatures, it is the most preferred physico-chemical method for food encapsulation. The physico-chemical process is an inclusion of the physical and chemical means of encapsulation of the core phase with the shell material. The process is advanced than the physical process because it has the capability of producing smaller encapsulated products than the physical process.

The microencapsultion sub-segment by technology is projected to account for the largest market share of the food encapsulation market over the forecast period.

Microencapsulation is used to provide an improved quality of ingredients in food products. This technology is used for protecting the core ingredients from interacting with other ingredients while processing the food products and for protecting them from the external environment. Microencapsulation covers up the unwanted taste of nutrients, such as minerals, to enable the production of nutrient-fortified foods with necessary sensory properties.

The dietary supplements sub-segment by application segment is projected to account for the fastest growth in the food encapsulation market over the forecast period.

Dietary supplements contain active ingredients such as amino acids, vitamins, essential fatty acids, minerals, and probiotics, which help improve the functioning of the human body by providing all the essential compounds that are not sufficiently received from a regular diet. They are available in various formats, including capsules, pills, liquids, and tablets. Due to these advantages the use of encapsulation technology is increasing in the sector.

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North America is estimated to dominate the global food encapsulation market over the forecast period.

North America dominated the food encapsulation market due to the presence of a large number of players in the region and the growing consumer awareness and demand for functional food products, North America is projected to dominate the food encapsulation market through 2026. Demand for encapsulation is also driven in the region due to its growing use in the development of several products such as functional and fortified food products, packaged products, and nutraceutical products. Most of the key market players have a presence in the region.

Key Market Players:

The key players in this market include Cargill, Incorporated, BASF SE, DuPont, FrieslandCampina, DSM, Kerry, and Ingredion. These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

Probiotics in Animal Feed Market to Record Steady Growth by 2026

The report "Probiotics in Animal Feed Market by Livestock (Poultry, Ruminants, Swine, Aquaculture, Pets), Source (Bacteria, Yeast), Form (Dry, Liquid), and Region (North America, Europe, Asia Pacific, South America, & Rest of World) - Global Forecast to 2026", is estimated at USD 4.4 billion in 2021; this is projected to record a CAGR of 8.8% from 2021 to 2026

Asia Pacific leads the global probiotics in the animal feed. Factors such as a large livestock base, high meat consumption, and increasing consumer awareness about the positive impact of probiotics on animal health drive the Asia Pacific market. Major countries contributing significantly to the growth of the Asia Pacific region include China, India, Japan, Australia, and New Zealand. The rapidly growing dairy and meat industries in these countries are expected to boost the probiotics in animal feed market in the Asia Pacific. Furthermore, the outbreaks of livestock diseases in the South American and African regions have led to increased concerns about animal health, making them lucrative markets for probiotics in animal feed.

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The yeast & fungi segment by the source is projected to achieve the fastest growth in the probiotics in animal feed market.

Yeasts in poultry have a large and influential role in increasing the efficiency of feed and increasing the turnout of poultry production. The addition of yeast in poultry feed products also makes feed more attractive to poultry. Adding yeasts to drinking water for poultry helps the breeders have different ways to benefit from yeasts in poultry and their distinctive impact on the health and overall performance of poultry, whether they are fattening, laying, or even maternal poultry. The use of yeasts in poultry, either by adding them directly to feed or added to the drinking water, has many benefits and advantages, such as supporting and enhancing the functions of the digestive system.

By livestock, the aquaculture segment is projected to account for the fastest growth in the animal feed probiotics market.

Probiotics, when added to aquafeed, increase their nutritional value, contribute to digestion in the form of enzymes, inhibit the growth of pathogens, and improve the immune response of the species. According to the World Fisheries and Aquaculture report published in 2018, approximately 84% of the total aquaculture production is utilized for human consumption. Thus, there is a need to ensure that what humans receive in the form of food is healthy and does not have any negative impact on their health.

The dry segment by form is projected to account for the largest growth of the animal feed probiotics market over the forecast period.

The dry form of probiotics is usually mixed in the feed for animals, including cattle, poultry, and swine. Cattle often consume dry tropical grasses, which have high fiber content but are poor in taste and have less nutritive value. Due to these factors, various types of dry specialty feed additives, such as bacteria and yeast, are used in feed, particularly for animals, such as dogs, cats, horses, and cattle, to fulfill their nutritional requirements. These additives serve as excellent carriers for feed and are nutrient-rich. They make the feed palatable and increase its consumption among animals, which helps in reducing feed wastage and labor requirements.

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Asia Pacific is projected to be the fastest growing market.

The growth in population, rise in disposable incomes, rapid urbanization in the Asia Pacific region, and an increase in demand for high-quality meat products are the key factors that have encouraged the demand for feed additives. Substantial growth is witnessed in countries, such as China, India, and Japan, due to the increase in the purchasing power of the population and demand for protein-rich meat diets. Pork and poultry are widely consumed in the Asia Pacific region. Moreover, consumers prefer opting for products that have high nutritional content and offer health benefits and exotic tastes. Thus, fish and other seafood products are also a preferred option for consumers, which is also a growing industry in this region. The presence of a wide range of fishery resources, both freshwater and marine, is considered a key factor that has encouraged the consumption of seafood products in the Asia Pacific region. There is an increase in consumer demand for fish produced without antibiotics that are environmental-friendly and animal-friendly. This new trend in the aquaculture industry is leading to a change towards sustainable aquaculture production methods, which, in turn, results in an increase in the usage of feed additives, such as probiotics, in feed products. This, in turn, is projected to drive the growth in the probiotics in feed market.

Key Market Players:

The key players in this market include Chr. Hansen (Denmark), Koninklijke DSM N.V. (Netherlands), DuPont (US), Evonik Industries (Germany), Land OLakes (US), Mitsui & Co., Ltd. (Japan), Ohly (Denmark), Lesaffre (France), Alltech (US), Novozymes (Denmark), Calpis Co., Ltd. (Japan), Unique Biotech (India), and Pure Cultures (US)., is estimated at USD 4.4 billion in 2021; this is projected to record a CAGR of 8.8% from 2021 to 2026

Sustainable Growth Opportunities in the Pea Processed Ingredients Market

The report "Pea Processed Ingredients Market by Type (Pea protein (Isolates, Concentrates and Textured), Pea starch, Pea fiber, Pea Flour), Application (Food & Beverages), Source (Yellow split peas, chickpeas, and lentils), and Region - Global Forecast to 2026", is estimated at USD 3.1 billion in 2021; it is projected to grow at a CAGR of 10.1% to reach USD 5.0 billion by 2026.

Pea protein is an ingredient produced from a variety of sources, such as yellow split peas, chickpeas, and lentils. It is an ingredient that is neutral in taste and has an array of applications in the food & beverage and health supplement industries. Pea protein is extracted in the form of isolates, concentrates, and textured. There is an increasing opportunity for pea processed ingredient manufacturers from the food & beverage and supplements markets. These markets seem to develop and formulate new products and technologies using pea protein, pea starch, pea fiber, and pea flour as a raw material, causing to innovate and implement groundbreaking products with an array of applications.

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Pea protein powder is highly beneficial to humans, as it is allergen-friendly, easily digestible, contains eight amino acids necessary for the human body, naturally cholesterol-free and gluten-free, and contains BCAAs. Consumers these days are now becoming aware of the benefits provided by plant-based sources, which are mostly organic by nature and are preferred over the conventional synthetically made source. Pea processed ingredients provides gluten-free solutions to food manufacturers with other nutritional benefits, such as low-fat, low-calorie, lactose-free, and allergen-free solutions. The use of gluten-free solutions in the production of bakery products helps in reducing the fat content, improving cholesterol levels, increasing the metabolic rate, and promoting healthy digestion.

Pea proteins sub-segment in by type segment is estimated to account for the largest share in the pea processed ingredients market.

The pea protein subsegment holds a dominant position in the pea processed ingredients market by type. This is due to the high protein content offered by isolates as well as their use in a wide array of applications, including plant-based meat and performance nutrition. In terms of volume, pea flour segment dominated the market owing to lower price and easy extrusion process compared to the other types.

In by application segment, the beverages sub-segment is projected to account for the fastest market growth in the pea processed ingredients market.

Considering the growing population of lactose-intolerant consumers and a general paradigm shift of consumers seeking dairy alternatives, manufacturers have directed their efforts toward producing non-dairy alternatives that are allergen-free. Pea proteins are allergen-friendly and are devoid of any genetic modification. Drinks such as soups, juices, smoothies, and meal replacer drinks are now available being fortified with dietary fibers. They increase the viscosity and stability of the drink as well as the shelf life of the beverages. These beverages are of low caloric content but with similar taste and improved texture. It is used as an alternate source of sugar for confectionery products, and hence, is popular among health-conscious consumers.

The yellow peas sub-segment by the source is projected to account for the largest market share of the pea processed ingredients market over the forecast period.

Yellow peas are among the most preferred sources of pea by product manufacturers. This is due to the functionality and adaptability of peas into different product types, which is driving the demand for yellow peas across different products, such as plant-based meat, beverages, and even functional foods, and performance nutrition. The high protein content offered by yellow split peas makes it ideal for manufacturing pea protein isolates.

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North America is estimated to dominate the global pea processed ingredients market over the forecast period.

Consumers in the North American region are gradually shifting their diet preferences and are going vegan due to the health and wellness benefits associated with it. This paradigm shift in food culture is being supported by health & fitness industries, medical communities, celebrities, and athletes, which has bolstered the demand for pea-based food ingredients. The rising incidences of obesity, cardiovascular diseases, and diabetes among the American population have also prompted consumers to adopt vegan diets.

Key Market Players:

The key players in this market include Emsland Group (Germany), COSUCRA Groupe Warcoing SA (Belgium), Roquette Frères (France), Vestkorn Milling AS (Norway), Ingredion Incorporated (US), Axiom Foods, Inc (US), and Felleskjøpet Rogaland Agder (Norway). These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

Growth Strategies Adopted by Major Players in the Nematicides Market

The report "Nematicides Market by Type (Fumigants, Carbamates, Organophosphates, Bionematicides), Mode of Application (Fumigation, Drenching, Soil Dressing, Seed Treatment), Nematode Type (Root Knot, Cyst), Crop Type, Form, and Region - Global Forecast to 2025" The global nematicides market size is estimated to be valued at USD 1.3 billion in 2019 and is expected to reach a value of USD 1.6 billion by 2025, growing at a CAGR of 3.4% during the forecast period. Factors such as the growing demand for biological products and an increasing number of product launches catering to the requirement of crop-specific nematodes drive the growth of the market.

Nematicides infestation is difficult to detect, is often attributed to other causes and its damage is often underestimated. Massive phase-out of active ingredients used to control nematodes such as methyl bromide and aldicarb would also drive for the adoption of new innovative control measures. Growing environmental concerns associated with the use of chemicals to control nematodes have paved way for the adoption of biological control. New farming practices such as no-tillage, and reduced tillage farming, along with increased soil degradation leading to decreased efficacy have resulted in an increase in the infesatation of nematodes. These trends are expected to increase the demand for nematicides, globally.

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By type, bionematicides are projected to be the fastest-growing segment in the nematicides market during the forecast period

With the increasing awareness among consumers about the importance of organic foods, the adoption of sustainable agriculture and integrated pest management solutions has increased. This has led to the demand for biocontrol products such as pheromones, biofungicides, biopesticides, and bionematicides. A number of major players in the market such as Marrone Bio Innovations (US) and Valent BioSciences (US) are introducing bionematicide solutions for seed treatment. These factors have paved the way for the high growth rate in the bionematicides market.

By crop type, vegetables are projected to dominate the nematicides market.

The vegetables segment is projected to hold the largest market share owing to the increasing cases of infestation on vegetables such as potatoes, tomatoes, peas, cauliflower, and carrots, by nematode species such as root-knot, lesion, and cyst nematodes. The increasing acreage being brought under vegetable cultivation and the growing demand for organic vegetables drive the growth of this segment.

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Asia Pacific is projected to grow at the highest CAGR during the forecast period

The market for nematicides is projected to grow at the highest CAGR in the Asia Pacific region owing to the growing nematode infestation in vegetables such as tomatoes, potatoes, carrots, peas, and cauliflower in the major vegetable-growing countries such as China and India. The regulatory scenario in the Asia Pacific region is comparatively more favorable for the launch of nematicides as compared to that of Europe and North America. There is also growing awareness among farmers about the use of bionematicides since the market for organic farming, and sustainable agriculture is growing with more consumers demanding organic fruits & vegetables.

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