Tuesday, July 5, 2022

Pest Control Market Projected to Garner Significant Revenues by 2026

The report "Pest Control Market by Pest Type (Insects, Rodents, Termites), Control Method (Chemical, Mechanical, Biological), Mode of Application (Sprays, Traps, Baits), Application (Residential, Commercial, Industrial), and Region – Global Forecast to 2026" estimated at USD 22.7 billion in 2021; it is projected to grow at a CAGR of 5.1% to reach USD 29.1 billion by 2026.



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Pest control has witnessed strong growth due to public health concerns and an increase in the frequency of pest infestations due to climate changes. In countries such as the US, strong regulatory requirements concerning pest control and environmental protection laws have helped bolster the market demand and attract service providers to set up business units. With the rise in demand and preference for a clean and pest-free environment, pest control manufacturers and service providers have been strategizing on coming up with innovative solutions for the market at a reasonable price. The surge in global Internet penetration would be another influential trend in driving the market in terms of value sales. Manufacturers and distributors make the best of the Internet in spreading awareness about their products and services among target consumers and simultaneously generating revenue sales.

 

Insects sub-segment in by pest type segment is estimated to account for the largest share in the pest control market.

 

There are more than a million described species of insects, with 90% of all animal forms on earth consisting of insects. Insects such as mosquitoes, ants, cockroaches, and tiny moths destroy household materials and may cause ill-effects on the human body. Of the different types of insects, certain species are classified as pests and are controlled using chemicals, biologicals, and other mechanical means. The use of chemicals is the mainstream method to reduce losses caused by insect pests. Thus they are estimated to dominate the by pest type segment.

 

In by control method segment, the software and services sub-segment is projected to account for the fastest market growth in the pest control market.

 

The software & services segment plays an integral part in digital pest control solutions while implementing platforms and executing activities related to them. These services include consulting, integration, and support and maintenance, which are required to deploy, execute, and maintain pest control. AI and IoT are trending technologies that help improve smart pest monitoring and control. According to one of the primaries conducted in Bayer CropScience, India, “The use of advanced information technologies and connected traps are among the new solutions offered by companies such as the Bayer Rodent Monitoring System.

 

Sprays sub-segment by mode of application is projected to account for the largest market share of the pest control market over the forecast period.

 

Spray-based pest control solutions incorporate a liquid formulation which is deployed either in an aerosol form, or a pressurized spray container. The spraying requirements may differ based on the pest type, climate conditions in the region, and the type of chemical used. Spray formulations are used to control a wide array of pests, including flies, cockroaches, ants, scorpions, silverfish, spiders, bed bugs, and ticks. Residual sprays are considered effective as the pesticides are mixed with adjuvants such as surfactants, which allow the pesticide to remain in contact with the infested area or insect body for a limited time.

 

Industrial sub-segment by application is projected to account for the fastest market growth in the pest control market over the forecast period.

 

Pest control in factories and manufacturing units is mandatory in the US. The mandate may differ on a case-by-case basis. For instance, pest control requirements in pharmaceutical and food manufacturing units are stringent to prevent any type of contamination in the product. In industrial facilities, factories, and manufacturing plants, certain birds cause serious problems as they may get caught in the machinery or dig holes in the roofs. The rapid urbanization globally is driving the market growth of the segment.

 

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North America is estimated to dominate the global pest control market over the forecast period.

 

According to reports by major service providers, Rentokil Initial Plc (UK) and Anticimex (Sweden), North America occupies nearly 50% of the global pest control market. This is attributed to the increase in the number of services available in the US and a high rate of urbanization in the US and Canada. The strengthening of the housing market and a steadily improving economy have led to increased investments in both residential and commercial properties. These factors are driving the market in the region.

 

The key players in this market include Bayer AG, Corteva Agriscience, BASF, Sumitomo Chemical Co., FMC Corporation, Syngenta AG, ADAMA, and Bell Laboratories. 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.

Wheat Protein Market Growth by Emerging Trends, Analysis, & Forecast

The report "Wheat Protein Market by Product (Wheat Gluten, Wheat Protein Isolate, Textured Wheat Protein, Hydrolyzed Wheat Protein), Application (Bakery, Pet Food, Nutritional Bars, Processed Meat, Meat Analogs), Form (Dry, Liquid), and Region - Global Forecast to 2026", The wheat protein market is projected to reach USD 3.1 billion by 2026, from USD 2.4 billion in 2021, at a CAGR of 5.0% during the forecast period. The market is driven by factors such as a shift in preference for plant-based protein foods, increased demand for meat-free diets, and growing incidence of lactose intolerance.




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Wheat gluten segment is estimated to account for the largest share of the wheat protein market during the forecast period

 

Based on product, the wheat protein market has been segmented into wheat gluten, wheat protein isolate, textured wheat protein, and hydrolyzed wheat protein. The wheat gluten segment is estimated to account for the largest share of the wheat protein market in 2020. It is used in a variety of applications such as bakery products, meat products, pasta, and pet foods. In bakery, the strength of gluten is a key factor in bread baking. It plays an important role as it contributes to the ability of the dough to rise and maintain texture.

 

Dry form segment is projected to be the fastest-growing during the forecast period

 

Dry forms are the most popular forms of wheat protein preferred by manufacturers due to their several benefits, including better stability and ease of handling & better storage conditions as compared to liquid forms.

 

The bakery & snacks segment, by application, is estimated to accounted for the largest share of the wheat protein market during the forecast period

 

The bakery & snacks segment, by application, is estimated to account for the largest share of the wheat protein market in 2020. Presence of major players offering a wide variety of wheat products having applications in bakery is one of the key drivers for the bakery & snacks segment. This shift in consumer preference toward ready-to-eat products has increased the demand for bakery products. In Europe, rise in the aging population and growing health concerns have urged consumers to opt for healthier alternatives such as value-added baked goods.

 

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Europe is estimated to account for the largest share of the wheat protein market during the forecast period

 

In 2020, Europe is estimated to account for the largest share of the wheat protein market. Factors such as the growing investments by major players in the bakery industry, growing trend of vegan diets, and abundant availability raw materials such as wheat in this region have boosted the demand for wheat protein products in the European market. Furthermore, increased demand for bakery items such as cakes, pastries, and cookies will also drive the demand for wheat protein in the region.

 

This report includes a study of the marketing and development strategies, along with the product portfolios of the leading companies. It includes the profiles of leading companies such as ADM (US), Cargill (US), Agrana (Austria), MGP Ingredients (US), Manildra Group (Australia), Roquette (France), Glico Nutrition (Japan), Crespel & Deiters (Germany), Kröner-Stärke (Germany), Tereos Syrol (France), CropEnergies (Germany), and Gluten y Almidones Industriales (Mexico), Batory Foods (US), Kerry Group (Ireland), BENEO (Germany), Agridient Inc (US), AMCO Proteins (US), Tate & Lyle (UK), and PureField Ingredients (US)

Sunday, July 3, 2022

Dietary Supplements Market Growth by Emerging Trends, Analysis, & Forecast

 The Dietary Supplements Market is estimated at USD 155.2 billion in 2022; it is projected to grow at a CAGR of 7.3% to reach USD 220.8 billion by 2027. Increasing awareness regarding nutrition and healthy lifestyles is driving the market for dietary supplements. It is widely known that having a healthy immune system can help reduce the risk or severity of diseases and infections. When combined with proper nutrition, dietary supplements can enhance the body’s natural defenses and immunity. As people become more conscious of holistic wellbeing, the demand for immunity-boosting products is expected to increase in the coming years.

 


The Dietary Supplements market consists of a few globally established players such as Amway Corp (US), Herbalife International of America, INC. (US), ADM (US), Pfizer INC (US), Abbott (US), Nestle (Switzerland), Otsuka Holding Co, LTD (Japan), H&H Group (China), Arkopharma (France), Bayer AG (Germany), Glanbia Plc (Ireland), Natures Sunshine Products Inc (US), Fancl Corporation (Japan), Danisco (Denmark), Bionova (India), American Health (US), Pure Encapsulations LLC (US), GlaxoSmithKline, PLC (UK). Strategic partnerships were the dominant strategy adopted by the key players, followed by expansions and new product launches. These strategies have helped them to increase their presence in different regions and industrial segments

 

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Herbalife Nutrition is a global nutrition firm that offers weight management, sports nutrition, and health & wellness products to people across the world. They distribute and advertise various nutrition products to and through a network of independent members, using a direct-selling business model. The company operates through five business segments, namely Weight Management, Targeted Nutrition, Energy, Sports and Fitness, Outer Nutrition and Literature, Promotional and Others. It offers dietary supplements under the Weight Management and Targeted Nutrition product categories. Herbalife Nutrition offers a wide range of high-quality and science-backed products, including meal replacement protein shakes, teas, aloes, protein bars, nutritional supplements, sports hydration, and outer nutrition products. Till now, the company has marketed and sold approximately 120 types of product. The company’s manufacturing facilities, known as Herbalife Innovation and Manufacturing Facilities or HIMs, include HIM Lake Forest, HIM Winston-Salem, HIM Suzhou, and HIM Nanjing. Approximately 60% to 65% of their inner nourishment products distributed worldwide are made in the HIM manufacturing facilities.

 

The Archer-Daniels-Midland Company (or ADM) harnesses the power of nature to offer nutrition to people all over the world. The corporation is a global leader in human and animal nutrition. It is also the worlds largest agricultural origination and processing company. ADMs breadth, depth, insights, facilities, and logistical expertise give it unparalleled capabilities to address food, beverage, health & wellness, and other needs. ADM owns and manages a global grain elevator and transportation network for procuring, storing, cleaning, and transporting agricultural raw materials such as oilseeds, corn, wheat, milo, oats, barley, and products derived from those inputs. The company owns trademarks, brands, recipes, and other intellectual property, including patents, with a net book value of $903 million as of December 31, 2020. The company operates through four business segments: AG Services and Oilseeds, Carbohydrate Solutions, Nutrition, and Others. It offers dietary supplements under its Nutrition segment. The company’s Nutrition segment is involved in the manufacturing, sales, and distribution of a wide array of dietary supplements and nutrition products, including probiotics, prebiotics, enzymes, botanical extracts, and other specialty food & feed ingredients. The segment also comprises activities such as the manufacturing of contract and private label pet treats and foods, as well as the processing and distribution of formula feeds and animal health and nutrition products. The company operates through 46 innovation centers, 345 processing plants, 480 crop procurement facilities, and 200 bulk storage facilities in around 200 countries across the regions. ADM operates through numerous subsidiaries, such as Ab Mauri (UK), ABF Ingredients (UK), ABITEC Corporation (Us), Ohly (Germany), Golden Peanut Company LLC (US), ADM Milling (US), ADM Do Brasil Ltda. (Brazil), Wild Flavors, Inc. (US), and ADM Hamburg Ag (Germany).

 

Amway is one of the worlds largest direct selling companies. The company manufactures and distributes nutrition, beauty, personal care, and home products, which are sold solely through Amway’s Independent Business Owners (IBOs) in over 100 countries. The company operates through four business segments, namely Nutrition, Beauty, Personal Care, and Home and Others, which include Energy Drinks and Sports Nutrition products. It offers dietary supplements under its Nutrition segment. Dietary supplements and vitamins are offered under its Nutrilite brand. Amway is present in over 100 countries and territories and covers over 60 languages. More than 15,000 employees are involved in this organization, including around 500 scientists, engineers, and technical professionals. Amway has over 1,000 global patents and patents pending for its products, which is a natural result of its commitment to innovation and rigorous testing. Amway owns and operates about 6,000 acres (2,428 hectares) of certified organic farmland in Jalisco (Mexico), Trout Lake (Washington, US), and Ubajara (Brazil). Amway has about 750 locations and spaces worldwide, including experience centers, shops, plazas, and distribution centers. Amway operates six manufacturing facilities in strategic locations across the world that produce millions of high-quality products for its Amway Business Owners (ABOs) and customers.

 

Pfizer Inc. is a research-based, global biopharmaceutical company. Through the research, development, manufacturing, marketing, sale, and distribution of biopharmaceutical medicines around the world, the company employs science and its global resources to offer therapies to people that extend and significantly improve their lives. The company seeks to promote wellness, prevention, treatments, and cures for the worlds most feared diseases in both developed and emerging markets. On June 2, 1942, the company was incorporated under the laws of the State of Delaware. Pfizer manufactures medicines, vaccines, and consumer healthcare products, among others. The company operates through two business segments, namely, Biopharma and Pfizer CentreOne. It offers consumer healthcare products, including multivitamins and calcium supplements, through brands Centrum and Caltrate, respectively, under the Consumer Healthcare segment. In 2019, Pfizer and GSK combined their respective consumer healthcare businesses into a JV that operates globally under the GSK Consumer Healthcare name. The company has its presence in North America, Europe, the Asia Pacific, and the Middle East. Some of the major subsidiaries of Pfizer are Pharmacia & Upjohn (Sweden), Pfizer Japan Inc. (Japan), Medivation (US), and Hospira (US).

 

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North America is projected to be the largest market during the forecast period. This is attributed to the widespread consumption of food and nutritional supplements in the US and Canada. The market for dietary supplements in the Asia Pacific is projected to register the highest growth during the forecast period. This is attributed to the growing popularity of functional and fortified foods in the region. The global market is rapidly growing in South Asian countries such as Vietnam, owing to the increased consumption of multivitamins and minerals. The growing geriatric population in the region is also a major factor driving the growth of the market.

Food Robotics Market Growth by Emerging Trends, Analysis, & Forecast

 The global Food Robotics Market size is estimated to be valued at USD 1.9 billion in 2020 and projected to reach USD 4.0 billion by 2026, recording a CAGR of 13.1% during the forecast period. The demand for food robotics is increasing significantly owing to surging demand for food with increasing population and increasing demand for enhanced productivity in food processing. Additionally, increasing investments in automation in the food industry is projected to provide growth opportunities for the food robotics market.



Key players in this market include ABB Group (Switzerland), KUKA AG (Germany), Fanuc Corporation (Japan), Kawasaki Heavy Industries Ltd. (Japan), Rockwell Automation Inc. (U.S.), Mitsubishi Electric Corporation (Japan), Yasakawa Electric Corporation (Japan), Denso Corporation (Japan), Nachi-Fujikoshi Corporation (Japan), OMRON Corporation (Japan), Universal Robots A/S (Denmark), Staubli International AG (Switzerland), Bastian Solutions LLC (U.S.), Schunk GmbH (Germany), Asic Robotics AG (Switzerland), Mayekawa Mfg. Co. Ltd. (Japan), Apex Automation & Robotics (Australia), Aurotek Corporation (Taiwan), Ellison Technologies Inc. (U.S.), Fuji Robotics (Japan), and Moley Robotics (U.K.).

 

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Mitsubishi Electric Corporation (Japan) is primary involved in the manufacturing, development, and marketing of different equipment used in industries such as packaging/food and beverage, general manufacturing, automotive, semiconductor, heath care, and education. The company provides solutions for the packaging/ food and beverage segment such as packaging, picking and placing, material handling, and dispensing as robots have the capability to handle products quicker and safer than conventional applications.

 

The company operates through six business segments-energy and electric systems, industrial automation systems, home appliances, information and communication systems, electronic devices, and others. Mitsubishi Electric Corporation has its operations in Japan, Asia-Pacific, Europe, the Americas, and the Middle East & Africa. Some of the subsidiaries of Mitsubishi Electric include Mitsubishi Electric Automation Korea Co., Ltd (Korea), Mitsubishi Electric Europe B.V. German Branch, Mitsubishi Electric Australia Pty. Ltd. (Australia), and Mitsubishi Electric (China) Co., Ltd.

 

ABB Group (Switzerland) is a global leader in power and automation technologies enabling utility, industry, and transport and infrastructure sectors to improve their performance while lowering the environmental impact. Its operations are organized into five business segments, namely, power products, power systems, discrete automation and motion, low voltage products, and process automation. The company is a leading supplier of industrial robots and modular manufacturing systems and services. ABB has installed more than 250,000 robots worldwide. Its robotics solutions are used in industries such as automotive, metal fabrication, foundry, plastics, food & beverage, chemicals & pharmaceuticals, consumer electronics, solar, and wood. ABB’s robotic solutions are used in industry applications such as welding, material handling, painting, picking, packing, and palletizing. ABB operates in approximately 100 countries across four regions-Europe, the Americas, Asia, and the Middle East and Africa (MEA). Some of its major subsidiaries are ABB Holdings Limited, Warrington (UK), ABB Norden Holding AB (Sweden), ABB Group., Seoul (South Korea), ABB K.K., Tokyo (Japan), ABB (China) Ltd., Beijing, ABB Group, Osasco (Brazil), and ABB AG, Mannheim (Germany).

 

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The European food robotics market is driven by high investment in research & development with regard to technology, along with the rise in demand for packed, ready-to-cook, and high-quality food products. The European Robotics Association started monitoring in European Union activities, policies, and funding in the new robot technology to strengthen the international market for food & beverage manufacturing, which is likely to impact the adoption of food robotics positively.

Friday, July 1, 2022

Biostimulants Market: Growth Opportunities and Recent Developments

The report "Biostimulants Market by Active Ingredient (Humic Substances, Amino Acids, Seaweed Extracts, Microbial Amendments), Crop Type (Fruits & Vegetables, Cereals, Turf & Ornamentals), Application Method, Form and Region - Global Forecast to 2026", The Biostimulants Market was valued at USD 3.2 billion in 2021; it is projected to grow at a CAGR of 12.1% to reach USD 5.6 billion by 2026.




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Biostimulants encompass a diverse range of active ingredients, which include microbial inoculants, amino acids, humic acids, fulvic acids, seaweed extracts, and others (which include polysaccharides, trace minerals, and vitamins). These active ingredients are considered complementary to crop nutrition and crop protection products, and hence, there is a growing need for biostimulants from growers across the world. Furthermore, there is an increased demand for sustainably produced food, with a lesser concentration of synthetic chemicals and a higher concentration of biologicals. Hence, biostimulants are helping to address this issue sustainably by providing protection against stress and stimulating the plants growth.

 

The Amino Acid by Active ingredient is projected to achieve the fastest growth in the Biostimulants Market.

 

Amino acids are available in the agricultural market as active ingredients that can cause an impact on the biochemical and physiological processes and functions of plants. They can be used as foliar sprays to increase yield, improve quality, enhance stress resistance, and facilitate the early maturity of crops. Enriching crop plants in essential amino acids have been observed to be of both economical and humanitarian interest.

 

The Liquid Form segment is estimated to account for the largest market share in the Biostimulants Market.

 

Liquid formulations provide various options to crop growers to mix the biostimulants with pesticides, fertilizers, or adjuvants. Some biostimulant active ingredients dissolve readily in a liquid solvent, such as water or a petroleum-based solvent. When mixed with the solvent, they form a solution that will not settle out or separate. Formulations of these biostimulants usually contain the active ingredient, the solvent, and one or more other ingredients

 

The Fruits and Vegetables segment by crop type is estimated to account for the largest market share of the Biostimulants Market over the forecast period.

 

Biostimulants have played a vital role in fruits and vegetables to enhance the crop size, quality, health, stress tolerance, and reduce residue levels. The application of biostimulants in fruits has led to better fruit development; high crop yield; better quality with respect to size, color, and sugar content; prevention of fruit drops; and enhanced ripening.

 

The Foliar Method of Application is estimated to see the fastest market growth in the Biostimulants Market during the forecast period.

 

Foliar spray application of biostimulants is one of the most widely used methods that help in maximizing the productivity of plants. Plants absorb nutrients through the roots and the foliage. Many plant nutrients are needed in such great quantities that it is impractical to supply them through the foliage. However, when soil conditions are unfavorable, it may be desirable to make foliar applications of the biostimulants. When biostimulants are applied to the plants foliage, smaller quantities of the fertilizer or other agrochemical material are needed than when applied to the soil. The danger of fixation and/or leaching is also reduced when it is applied to the foliage of the plant.

 

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Asia Pacific is estimated to be the largest market.

 

The agriculture industry in Asia, particularly in the Southeast Asian countries, has witnessed effective transformation due to various technological advancements. This has resulted in the adoption of intensive agricultural practices and has led to a decrease in the nutrient levels of the soil. To revitalize the soil, the use of inoculants and biostimulants has been recommended by the agricultural authorities in various countries of Asia. Biostimulants enhance the physiological activities of the seed for early emergence and for optimum crop development at later stages under various climatic and agronomic conditions in the region.

 

The key players in this market include BASF SE (Germany), UPL (India), Valagro S.p.A (Italy), Gowan Group (US), FMC Corporation (US), ILSA S.p.A (Italy), Rallis India Limited (India), Haifa Group (Israel), Adama Ltd. (Israel), Biovert-Manvert (Spain), Koppert Biological Systems (Netherlands), Rovensa (Spain), and AgriTecno (Spain). 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 28, 2022

Integrated Food Ingredients Market Growth by Emerging Trends, Analysis, & Forecast

The report "Integrated Food Ingredients Market by Function (Taste Enhancers, Form, Texture, Preservation, and Coloring), Integrated Solutions (Dairy, Beverage, Bakery & confectionary, Snacks & Savory and Meat & Meat Products), and Region - Global Forecast to 2023", The integrated food ingredients market is estimated at USD 60.90 billion in 2018 and is projected to reach USD 77.48 billion by 2023, growing at a CAGR of 4.9% during the forecast period. The market is driven by factors such as the increase in the consumption of processed food, growing awareness about food preservation, along with an increase in disposable income.


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Based on function, taste enhancers dominated the market in terms of value. The application of these integrated food ingredients in various applications such as dairy products, beverages, savories, and meat products enhance the taste of food products.

 

The ingredients segment, by application in beverages, accounted for the largest share of the global market in 2017. The increasing consumption of fruit juices, vegetable juices, and energy drinks has spurred the growth of natural integrated food ingredients.

 

The meat products segment, by flavors, accounted for the largest share of the global market in 2017. Integrated food ingredients are highly used in this industry to preserve meat for a longer period of time, which augments the growth of the meat export business of the country. These meat products are most widely consumed in North America, thus affecting the processed meat market in this region.

 

Asia Pacific is projected to be the fastest-growing market for integrated food ingredients during the forecast period. The processed food industry in the Asia Pacific region is experiencing growth, owing to the changing lifestyles of customers. Additionally, the processed food market in the region is also highly dynamic in nature. Consumer preferences are constantly changing in response to rapid urbanization, diet diversification, and liberalization of foreign direct investment in the food sector. The rise in incomes, increase in purchasing power, and significant consumer demand for nutritional & healthy products are expected to provide promising prospects for the growth and diversification of the integrated food ingredient sector in this region. Food items such as breakfast snacks & savories, infant formula, confectionery products, and bakery & confectionery products are widely consumed in this region. They have intrinsic properties of integrated foods, which makes the consumers receptive to these products.

 

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This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies. It includes the profiles of leading companies such as CARGILL (US), ADM (US), DUPONT (US), ABF (UK), BASF (Germany), Kerry (Ireland), DSM (Netherland), Tate & Lyle (UK), Symrise (Germany), IFF (US), Dohler (Germany), Northwest Naturals (US), GAT Foods (Israel), and FIRMENICH (Switzerland).

Distillation Systems Market Growth by Emerging Trends, Analysis, & Forecast

The report "Distillation Systems Market by Technique (Fractional, Steam, Vacuum, MED), Application (Water Treatment, Food, Beverage, Petroleum, Pharmaceutical, Chemical), Operation (Continuous, Batch), Component, Type, Process, and Region - Global Forecast to 2023", The distillation systems market is estimated to at USD 6.17 billion in 2018 and is projected to reach USD 7.91 billion by 2023, at a CAGR of 5.1%. Factors such as growing industrialization and urbanization have significantly fueled the market growth of distillation systems for various industrial applications. Increasing urbanization leads to a surge in demand for water treatment systems and products from the oil & gas, food & beverage, healthcare, and manufacturing industries. Imposition of regulations and rise in the demand for pure products including water is projected to fuel the demand for the distillation systems. On the account of these factors, the global market is projected to witness significant growth during the forecast period.

 


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The distillation systems market, based on components, is segmented into column shells, plates & packings, reboilers & heaters, condenser, and others. The column shells segment is estimated to dominate the market with the largest share in 2018 due to the high cost of the components. This is followed by the plates & packings segment, as these are consumable components in the distillation systems and are used largely across industries.

 

The market, based on technique, is segmented into fractional, steam, vacuum, multiple-effect (MED), and others. The vacuum segment is projected to grow at the highest CAGR among all distillation techniques from 2018 to 2023. The technique is widely used for the separation of components, where chances of decomposition are high due to change in temperature and pressure. Vacuum distillation is commonly used for the separation of heavy hydrocarbon residues that are left during the atmospheric distillation of crude oil.

 

Based on application, the market is segmented into petroleum & biorefineries, water treatment, food, beverages, pharmaceuticals, cosmetics, and chemicals. Of the various applications, the beverages segment is projected to witness the fastest growth due to the high growth of the alcoholic beverage market. Distillation is an important process used in the manufacturing of alcoholic beverages, such as wine, beer, brandy, gin, rum, whiskey, and vodka. Although the continuous distillation process used in the manufacturing of alcoholic beverages dominates the market segment, the batch distillation process is also used significantly to manufacture alcoholic beverages with various flavors and different percentage levels of alcohol.

 

The Asia Pacific market has witnessed robust growth in the distillation systems market. The Asian subcontinent is an emerging market, which is growing at a rapid pace. Desalination requirements, high consumption of alcoholic beverages, and the rising potential for industrial growth highlight the positive growth prospects in the region. Countries such as China, India, South Korea, Australia, and Japan are among the key manufacturing hubs in the region. Distillation system manufacturers are mainly focusing on expanding their presence in the Asia Pacific market through new product launches and expansions to strengthen their position. The growing R&D activities by governments as well as private organizations in the region is projected to drive the market growth. Technological advancements in Asia Pacific countries due to the development of infrastructure provides a potential scope for innovation in the production of distillation systems, thereby improving their cost-effectiveness and output.

 

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This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes profiles of leading companies such as GEA (Germany), Alfa Laval (Sweden), SPX FLOW (US), Sulzer (Switzerland), Core Laboratories (Netherlands), PILODIST (Germany), Anton Paar (Austria), Praj Industries (India), L&T Hydrocarbon Engineering (India), EPIC Modular Process Systems (US), BÜFA Composite System (Germany), and Bosch Packaging Technology (Germany).