Monday, June 13, 2022

Latest Regulatory Trends Impacting the Carotenoids Market

The report "Carotenoids Market by Type (Astaxanthin, Beta-Carotene, Lutein, Lycopene, Canthaxanthin, and Zeaxanthin), Application (Feed, Food & Beverages, Dietary Supplements, Cosmetics, and Pharmaceuticals), Source, Formulation, and Region - Global Forecast to 2026", The carotenoids market is projected to grow from USD 1.5 billion in 2019 to USD 2.0 billion by 2026, recording a CAGR of 4.2% during the forecast period. The factors driving the growth of the market are increasing awareness among consumers regarding the benefits carotenoids offer in preventive healthcare. Carotenoids have antioxidant properties and have high nutritional benefits. Carotenoids are known to help in reducing the risk of type 2 diabetes and prevents cardiovascular problems. Moreover, due to increasing demand for natural ingredients in food industry, carotenoids are now in high demand for use as a natural food colorant.




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Increasing application for astaxanthin as food color has led the segment to account for the highest market share in the carotenoids market

 

Astaxanthin accounts for the largest share in the market, during the forecast period. Astaxanthin is found in certain algae and has a red pigment. Due to its red pigment, it is now being widely used in meat products to impart color. It is used in food products such as salmon, lobster, trout, shrimp, and other seafood products. Moreover, it is also now being used as it helps in fighting diseases such as Parkinson’s disease, the prevention of macular degeneration, and the Alzheimer’s disease.

 

Natural segment is projected to grow at faster CAGR in the carotenoids market during the forecast period as consumers are demanding natural food products

 

The natural segment is forecasted to grow at higher CAGR in the market during the study period. This can be attributed to increase in biological activities and high antioxidant properties offered by natural carotenoids. During last few decades there has been increasing concern over the chemical ingredients used in various food products. Consumers across the globe are now demanding for food products with natural ingredients as they are perceived as safer fand healthier for consumption. This has driven the demand for natural carotenoids in food industry.

 

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The Europe region is projected to account for largest market share in the carotenoids market during the forecast period due to increase demand for clean-label products

 

The Europe region is forecasted to dominate the carotenoids market in terms of market share during the forecast period. This is due to the presence of consumers who are demanding natural and clean-label food products. The players in food and feed industry in Europe are widely using natural ingredients as a colorant in their products and easy availability of carotenoids makes it a preferrable option for these manufacturers. Furthermore, growing ageing population has led to increase in demand for carotenoids as it may benefit in curing cataract and other eye disorders.

 

The prominent vendors in the carotenoids market include Koninklijke DSM (Netherlands), BASF (Germany), Chr. Hansen (Denmark), Kemin Industries (US), Lycored Limited (Israel), Cyanotech Corporation (US), Fuji Chemical Industry Co Ltd. (Japan), Novus International (US), DDW The Color House (US), and Dohler Group (Germany).

Growth Strategies Adopted by Major Players 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.



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The natural segment is projected to be the faster-growing segment in the feed antioxidants market during the forecast period.

 

As the market demand shifts from synthetic to natural antioxidants, there is an increase in demand for natural feed antioxidants. The manufacturers are focusing on innovative products to develop cheaper natural antioxidants to capture the market and capitalize on this increasing demand, which is boosting the demand for natural feed antioxidants.

 

The liquid segment is projected to record the fastest growth during the forecast period.

 

The liquid form of feed antioxidants is projected to be the fastest-growing segment. Liquid feed antioxidants increase feed consumption and utilization by animals, reduce ration sorting, provide accurate dosage, and decrease feed wastage. Additionally, they help in the mixing of ingredients, resulting in the uniformity of the final product.

 

The aquaculture segment is projected to record the fastest growth during the forecast period.

 

An increase in demand for fish and fish-based products is fueling the demand for feed antioxidants in the aquaculture segment. Aquaculture has contributed to global food security, and with the demand for fish-based products increasing globally, the demand for fish feed antioxidants is also gradually increasing.

 

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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).

Thursday, June 9, 2022

Sustainable Growth Opportunities in the Water Soluble Packaging Market

 The report "Water Soluble Packaging Market by Raw Material (Polymer, Surfactant, and Fiber), End Use (Industrial, and Residential), Solubility Type (Cold Water Soluble and Hot Water Soluble), Packaging Type, and Region - Global Forecast to 2025" According to MarketsandMarkets, 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%. The rapidly growing environmental and sustainability concerns across the globe and government initiatives to reduce the use of plastics are driving the market for water soluble packaging.



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The food & beverage and agriculture in industrial segment are projected to witness the significant growth during the forecast

 

Based on end use, the water soluble packaging market is segmented into industrial and residential, wherein industrial segment is sub-divided into pharmaceuticals, food & beverages, agriculture, chemicals, and water treatment. The food & beverages and agriculture segments are projected to witness significant growth during the forecast period due to the increasing concerns toward waste production due to high use of non-biodegradable plastics and their harmful effects on packaged food & beverages.

 

In the agriculture industry, chemical fertilizers wrapped with water soluble packets ease out the handling process. Also, dissolved packaging of the fertilizers cut down the packaging waste generation and leads to reduced cleaning costs.

 

The pouches segment is accounted to have the major share in the water soluble packaging market during the forecast period

 

By packaging type, the water soluble packaging market is segmented into pouches, bags, and pods & capsules. The pouches segment is estimated to account for the major share in the water soluble packaging market due to the high usage of water soluble packaging in the chemical industries. In the current scenario, most of the packaging is made of plastic for safe and secure handling and usage of detergent; water soluble packaging of detergent serves the purpose better. Detergent wastage can be minimized as water soluble packets or sachets can be made available to consumers for household and industrial cleaning. The water soluble packaging avoids direct contact with detergent as the product can be used without removing the package, which will ensure safe usage.

 

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

 

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 safe, better, clean, and healthy lifestyle. The water soluble packaging market will grow in these regions at a high rate.

 

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

NPK Fertilizers Market Will Hit Big Revenues In Future

 The report "NPK fertilizers Market by Application (Bakery Products, Meat & Meat Products, Dairy Products, and Beverages), Form (Powder, Liquid, and Others), Type (Nitrogen, Phosphorus, Potassium, and Others), and Region-Global Forecast to 2023" The NPK fertilizers (food-grade) market is estimated to be valued at USD 2.4 billion in 2018 and is projected to reach USD 2.9 billion by 2023, at a CAGR of 4.0%. The market is driven by the rise in consumption of meat & dairy products and increasing awareness about the quality of food products.



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The phosphorus segment is estimated to be the largest in 2018

 

The NPK fertilizers (food-grade) market, by type, is expected to be dominated by the phosphorus segment. It is also projected to be the fastest-growing segment. The properties of phosphorus such as promoting the preservation and adding desired textures, colors, and flavors in food products at a low cost are responsible for its growing use as a partial replacement for expensive traditional food additives.

 

Powder segment set to dominate the market by 2023

 

The NPK fertilizers (food-grade) market, by form, is projected to be dominated by the powder segment during the forecast period. The high growth is not only attributed to this form being easy to use but also to the uniform consistency it provides to processed foods, while not altering their desired texture.

 

The bakery products segment is projected to be the fastest-growing during the forecast period

 

The bakery products segment is expected to be the fastest-growing, by application, during the forecast period. On a global level, the extensive usage of NPK fertilizers (food-grade) in bakery products to reduce the cost is expected to drive the segment at a significant rate during the forecast period.

 

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The Asia Pacific is projected to be the fastest-growing market during the forecast period

 

The Asia Pacific market is expected to grow at the highest CAGR from 2018 to 2023. The high growth is attributed to the changing food consumption patterns owing to rising income and urbanization, especially in South Asian countries. Further, growth can be attributed to the increasing urbanization in the region, resulting in a growing demand for food security and quality food. Food manufacturers are expected to use NPK fertilizers (feed-grade and food-grade) as a substitute for regular additives due to their cost-effectiveness and to reduce the final cost of food products, as most countries in the region are price-sensitive.

 

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It consists of the profiles of leading manufacturers such as include Borealis AG (Austria), AkzoNobel (Netherlands), Yara International ASA (Norway), Petróleo Brasileiro S.A. (Brazil), and Agrium Inc. (Canada). Furthermore, The Mosaic Company (US), Israel Chemicals Ltd. (Israel), EuroChem (Switzerland), PotashCorp (Canda), K+S AKTIENGESELLSCHAFT (Germany), Alltech (US), PhosAgro (Russia), Haifa Chemicals (Israel), Aditya Birla Chemicals (India), and SKW Stickstoffwerke Piesteritz (Germany) are the other players that hold a significant share in the NPK fertilizers (feed-grade and food-grade) market.

Wednesday, June 8, 2022

Food Encapsulation Market Will Hit Big Revenues In Future

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.



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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.

 

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.

 

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North America 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.

 

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.

Grain Alcohol Market Will Hit Big Revenues In Future

 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. 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.



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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 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.

 

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.

Tuesday, June 7, 2022

Latest Regulatory Trends Impacting 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).