The report "Food Enzymes Market by Type (Carbohydrases, Proteases, Lipases, Polymerases & Nucleases), Source, Application (Food & Beverages), Formulation, and Region(North America, Europe, Asia Pacific, and South America) – Global Forecast to 2026" The food enzymes market is estimated to be valued at USD 2.2 billion in 2021 and is projected to reach USD 3.1 billion by 2026, recording a CAGR of 6.4%, in terms of value. The growing demand for a diverse range of food products, clean label trends, and an increase in disposable income are the factors that are projected to drive the growth of the food enzymes market globally.
Tuesday, September 13, 2022
Sustainable Growth Opportunities in the Food Enzymes Market
Monday, September 12, 2022
Food Inclusions Market to See Major Growth by 2027
Wednesday, August 17, 2022
Sustainable Growth Opportunities in the Cocoa and Chocolate Market
According to a research report "Cocoa and Chocolate Market by Type (Dark Chocolate, Milk Chocolate, Filled Chocolate, White Chocolate), Application (Food & Beverage, Cosmetics, Pharmaceuticals), Nature (Conventional, Organic), Distribution and Region - Global Forecast to 2027" published by MarketsandMarkets, the global cocoa market is projected to reach USD 26.3 billion by 2027, growing at a CAGR of 4.5% from 2022 to 2027. The global chocolate market is projected to reach USD 160.9 billion by 2027, growing at a CAGR of 4.7% from 2022 to 2027.
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With the growing awareness about health, an increasing number of consumers are prioritizing their health and following specific diets with specific needs. This propels the demand for dark chocolate with high cocoa and less sugar. Cocoa is the major raw material required to manufacture chocolate. The slightest turbulence in the cocoa market would lead to price fluctuations. According to the International Cocoa Organization, the world’s largest supplier of cocoa is Africa, which accounts for 72% of the global production of cocoa. Ivory Coast and Ghana are the major countries producing cocoa, but these countries are also facing certain issues such as fair trade discrepancies, environmental issues, spells of government unrest, and reducing labor force as more population is leaving farming as an occupation and opting other professions Therefore, measures such as implementation of National Cocoa Development Plan (NCDP) in the member countries of ICCO are being undertaken to improve the production of cocoa. Initiatives like these gives a promising outlook towards fulfilling the rising demand for cocoa globally. The cocoa & chocolate market players are showing trends of pursuing both organic as well as inorganic strategies for their expansion, consolidation, and sustainability in the market. Developments and new product launches in chocolate and rise in the use of cocoa for cosmetics and pharmaceuticals are driving the market and is leading to an increased demand for cocoa.
Milk Chocolate segment is the fastest growing among the various types
of chocolate during the forecast period
The market for chocolate, based on type, is segmented as dark chocolate, milk chocolate, filled chocolate, and white chocolate. The milk chocolate segment is estimated to dominate the chocolate market in 2022 and is anticipated to witness similar trends throughout the forecast period. Milk chocolate has low level of cocoa solids and is lighter and sweeter than dark chocolate. Dark chocolate segment has witnessed an upwards trend over the years owing to various health benefits associated with it due to the presence of high fiber, high iron, magnesium, potassium, and phosphorous content.
In the cocoa and chocolate market, organic nature segment is
registering the highest growth during the forecast period
The cocoa market, based on the nature, is segmented into conventional and organic. In 2022, the conventional cocoa market segment is expected to dominate the market. The conventional cocoa products are easily available at low cost and is widely preferred. Due to the need for organic farming, high labour expenses, maintenance requirements, and other organic cocoa-related operating expenditures, organic cocoa ingredients and products are quite expensive. The organic cocoa segment, however, is estimated to witness a higher growth rate during the forecast period owing to its various health benefits and environment friendliness.
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Asia Pacific region is witnessing the highest growth rate in chocolate
market
The Asia Pacific region is witnessing the fastest growth rate of 5.72% during the forecast period. The Chinese cocoa market, in terms of volume, is estimated to grow at a CAGR of 6.39%. This is attributed to the strong demand for chocolate in the country. Across Europe, Germany consumed the highest quantity of chocolate in 2021 followed by UK, and Belgium. United States accounted for the largest market share primarily driven by the large consumption of confectionary and bakery items. According to the Observatory of Economic Complexity (OEC), the US was the seventh largest exporter of chocolate in 2020, with key export destinations being Canada, Mexico, South Korea, Australia, and the UK. Growth in this region is attributed to the growing population, rise in per capita income, growing urbanization, and therefore, an increase in demand for chocolate-based products. Additionally, the nutritional benefits of chocolate are promoting the growth of chocolate in the region.
The key players in cocoa and chocolate market include Mars, Inc.(US), Mondelez International (US), Nestle S.A. (Switzerland), Meiji Holding Co. Ltd.(Japan), Ferrero International(Italy), Olam Group (Singapore), Barry Callebaut(Switzerland), Cargill Incorporated (US), Cocoa Processing Company (GHANA), Archer Daniel Midland (ADM) Company (U.S.), Chocoladefabriken Lindt & Sprüngli AG (Switzerland) and Pladis Global(UK) among others.
Saturday, August 13, 2022
Upcoming Growth Trends in the Crop Protection Chemicals Market
The report "Crop Protection Chemicals Market by Type (Herbicides, Insecticides, Fungicides & Bactericides), Origin (Synthetic, Biopesticides), Form (Liquid, Solid), Mode of Application (Foliar, Seed Treatment, Soil Treatment), Crop Type and Region - Global Forecast to 2025" The global Crop protection chemicals size is estimated to be valued USD 63.7 billion in 2020 and is projected to reach a value of USD 74.1 billion by 2025, growing at a CAGR of 3.1% during the forecast period. The growth of this market is attributed to an increasing need for food security of the growing population.
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Herbicides, by type, are estimated to hold the largest market share
during the forecast period.
The market for crop protection chemicals, by type, has been segmented into feed grade and nutrition grade. Herbicides are widely used in weed control, which helps in enhancing crop productivity and quality of output. Herbicides help in reducing soil erosion and increase soil fertility and crop yield. They are used to control or kill unwanted plants and are often known as weed killers.
The liquid segment, by form, is estimated to hold the largest share in
the Crop protection chemicals during the forecast period
Liquid forms of crop protection chemical products are preferred more by suppliers as well as end-users. Liquid forms offer a longer shelf-life with easy handling, transportation, and application. Also, they are cost-effective, eco-friendly, and sustainable. Companies are investing in the technological development of crop protection chemicals in liquid forms. The liquid forms of crop protection chemicals can either be water-based, oil-based, polymer-based, or their combinations. Typical liquid formulating lines consist of storage tanks or containers to hold active ingredients, inert materials, and a mixing tank for formulating the crop protection chemical products. Water-based formulations require inert ingredients such as stabilizers, stickers, surfactants, coloring agents, anti-freeze compounds, and additional nutrients. Examples of liquid forms are suspension concentrate, suspo-emulsions, and capsule suspension.
Synthetic, by source, is estimated to account for the largest market
share during the forecast period
Synthetic crop protection chemicals are manufactured in laboratories and are mixtures of chemicals that intend to avert, kill, repel, or destroy any pests. Synthetic crop protection chemicals are perceived to be toxic and dangerous if proper chemicals are not used. However, since the past 60 years, various innovative synthetic crop protection chemicals have been developed which are less toxic and more effective on crops. Due to innovative product development by the leading crop protection chemical manufacturing companies such as BASF SE (Germany), various new and more pest-specific synthetic crop protection chemicals are being developed, which cause less damage to the environment.
Foliar spray, by mode of application, is estimated to account for the
largest market share during the forecast period
The foliar spray mode of application is the most widely used for crop protection chemicals. It can be used for herbicides, insecticides, as well as fungicides. However, it is majorly used for spraying herbicides and insecticides due to labor shortage for removing unwanted weeds manually and also for destroying insect attacks on crops.
Foliar spray or foliar feeding is a technique of feeding plants by applying liquid crop protection chemicals directly to their leaves. Foliar spray is suitable for destroying large number of unwanted grasses, herbs, and shrubs.
Cereals & grains, by crop type, is estimated to account for the
largest market share during the forecast period
The cereals & oilseeds segment accounted for the largest market share in terms of value; this is projected to grow at the highest CAGR during the forecast period. The demand for cereals & oilseeds is increasing significantly across the globe owing to the increasing demand for food.
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South America is estimated to hold the largest market share during the
forecast period
South America is an emerging agricultural powerhouse, growing at a rapid pace above the global growth average. Growth in this region is significantly contributed by the growth in Brazil and Argentina, which are the world’s most potent agricultural producers and are expected to grow well above the regional average. The economic growth in South America has been stimulated by democratization, economic reforms, and the foundation of the two trading blocs namely, Mercosur and the Andean Pact.
Regulatory framework in South America is quite weak as compared to North America and Europe. The South American Pesticide Action Network controls the regulatory issues in the region. The international trade system from the WTO for regional and bilateral trade deals also undermines national pesticide laws and threatens the ability of South American nations to prohibit dangerous chemicals from being used. This is especially observed in the case of WTOs demand for establishing certain common minimum standards for pesticides among countries. For instance, if a country wants to implement a stricter standard on pesticides as compared to the WTO, it could be recognized as a technical barrier to trade.
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 Crop protection chemicals. It consists of the profiles of leading companies such BASF SE (Germany), The Dow Chemicals Company (US), Dupont (US), Sumitomo Chemical Co., Ltd (Japan), Syngenta AG (Switzerland), Bayer Cropscience AG (Germany), FMC Coropration (US), NufarmLimited (Australia), Adama Agricultural Solutions (Israel), Verdesian LIfescineces (US), Bioworks Inc. (US), Valent US (US), Arysta Lifescince Corporation (US), American Vanguard Corporation (US), Chr. Hansen (Denmark), Corteva Agrisciences (US), UPL Limited (India), Jiangsu Yangnong Chemical Group Co Ltd (China), Agrolac (Spain), Lianyungang Liben Crop Science Co. Ltd. (HongKong), Nanjing red sun co. ltd (China), Kumiai Chemicals (Japan), Wynca Chemicals (China), Lier Chemicals (China), Simpcam Oxon (Italy).
Tuesday, August 9, 2022
Dietary Supplements Market Growth by Emerging Trends, Analysis, & Forecast
According to MarketsandMarkets, 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.
The impact of COVID-19 will further shift the demand towards dietary and nutritional supplements. Food supplements are likely to experience high growth due to the ongoing pandemic. The impact of COVID-19 and the severity of the coronavirus has highlighted the importance of immunity. The link between immune function and nutrition is further projected to drive the adoption of dietary supplements.
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The vitamin segment is projected to be the fastest-growing throughout the forecast period. Vitamins differ from other biologically important molecules like proteins, carbohydrates, and lipids in various ways. Although the latter substances are also required for proper body functions, animals can synthesize almost all of them in adequate quantities. Vitamins, on the other hand, cannot be synthesized in sufficient amounts to meet body requirements and must therefore be obtained through the diet or from a synthetic source. For this reason, vitamins are referred to as essential nutrients.
The rising number of health-conscious consumers has triggered the demand for additional dietary supplements. In the pharmaceutical industry, some dietary supplements play an important role in the treatment of several diseases. Athletes and sports personnel view dietary supplements as performance-enhancing products. Hence during the forecast period, these additional segments are expected to witness a faster growth rate in terms of value sales.
Tablet is the most preferred mode of application of Dietary Supplements as they provide long lasting benefits. Tablets are widely used and offer convenience, affordability, a wide range of dosing patterns, simple packaging, storage, and cost effectiveness. Tablets also have a longer shelf life than other types of dietary supplements, making them more popular. Their compressibility ensures that they can hold more nutrients than a capsule while being compact. Tablets can be crushed and mixed into a drink for those who cannot swallow pills
Rising instances of vitamin deficiency and growing awareness about the health benefits of dietary supplements will drive the overall growth of the adults segment. The top three most common dietary supplements used by adults were multivitamin-mineral, vitamin D, and omega-3 fatty acids. Government programs, such as the Supplemental Nutrition Assistance Program (SNAP) or the Food Distribution Program on Indian Reservations (FDPIR), serve as a resource for low-income adults by supplementing food budgets to support healthy lifestyles.
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North America accounted for the largest share of the dietary supplements market during the forecast period. The large share of North America can be attributed to the rising prevalence of chronic diseases and the increasing awareness among consumers regarding the health benefits of dietary supplements. The market for dietary supplements in North America is moving toward maturity, due to which it has witnessed steady growth. The market is favorable for innovative and new ingredients of better and enhanced quality.
Agricultural Adjuvants Market Growth Opportunities by 2027
According to MarketsandMarkets, the Agricultural Adjuvants Market size is estimated to be valued at USD 3.7 Billion in 2022 and is projected to reach USD 4.7 Billion by 2027, recording a CAGR of 5.2% during the forecast period in terms of value. The agricultural adjuvants market is expected to witness significant growth due to factors such as the growing demand for sustainable agricultural practices, the increasing harvested area of industrial and high-value crops, and a surge in the number of investments from key players in this market. The increasing use of crop protection chemicals in developing countries to combat pest attacks encourages manufacturers to develop in-formulation adjuvants suitable for these regions. Key players such as Evonik Industries, Clariant, and Solvay focus on developing multifunctional adjuvants that cater to various applications.
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The US and Canada are the primary consumers of pesticides in the North American region. Also, the adoption rate of modern agricultural practices in the US is higher than in Canada and Mexico. Due to the increasing presence of production facilities by prominent players for adjuvants in the US, the consumption of agricultural adjuvants in terms of volume is projected to remain higher in this country than in the other two. However, due to the growing agricultural industry in Canada and the rising adoption rate of efficient agricultural inputs to reap maximum crop output, Canada is expected to register the highest growth among the three North American countries.
Based on function, the utility adjuvants segment is projected to dominate the agricultural adjuvants market in the forecasted period. The demand for utility adjuvants remains high in developed countries due to the introduction of strict regulations on pesticide usage and increasing government support for a sustainable foliar spray of pesticides. However, due to their high cost, the adoption of adjuvants in developing countries is low. Hence, utility adjuvants are projected to offer lucrative growth opportunities for manufacturers in developed countries during the forecast period.
Among various adoption stages, tank-mix agricultural adjuvants are anticipated to witness the highest growth rate over the forecast period. The addition of tank-mix adjuvants is preferred for applications such as aerial spray and low-volume spray, as it offers optimal performance. Many companies are investing in R&D activities for developing environment-friendly and effective tank-mix adjuvant solutions.
Based on application, the herbicides segment is projected to dominate the agricultural adjuvants market. Adjuvants are widely used in spray mixtures with pre-plant burndown or in-crop post-emergence (POST) herbicide applications. Pre-emergent herbicides help in preventing weeds from long-term growth, and post-emergent herbicides work on the already grown weeds. Post-emergent herbicides are the most popular substances in weed control.
Among various crop types, fruits & vegetables is estimated to witness the highest growth rate during the forecasted period. Fruits and vegetables have become an indispensable part of daily diets, particularly with the growing awareness regarding their nutritive value. The consumption of fruits has witnessed a significant increase in the past two decades, and this trend is projected to continue in the coming years.
Based on formulation type, suspension concentrates is estimated to hold the largest market share in 2022. Suspension concentrates (SCs) are the most preferred end-product formulations in the market because they are safer to use on crops than emulsifiable concentrates. This is a key factor driving market growth in the coming years.
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This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Corteva Agriscience (US), Evonik Industries (Germany), Croda International (UK), Nufarm (Australia), Solvay (Belgium), BASF SE (Germany), Huntsman Corporation (US), Clariant AG (Switzerland), Helena Agri-Enterprises LLC (US), Stepan Company (US), Adjuvant Plus Inc. (Canada), Wilbur-Ellis Company (US), Brandt, INC. (US), Plant Health Technologies (US), Innvictis Crop Care LLC (US), Miller Chemical And Fertilizer, LLC (US), Precision Laboratories, LLC (US), CHS Inc. (US), Winfield United (US), KaloInc. (US), Nouryon (Netherlands), Interagro Ltd. (UK), Lamberti S.P.A (Italy), Garrco Products, Inc. (US), Drexel Chemical Company (US), and Loveland Products Inc. (US).
Monday, August 8, 2022
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).