Sustainable Growth Opportunities in the Meal Replacement Market

According to MarketsandMarkets, the global meal replacement market size is estimated to be valued at USD 11.9 billion in 2021 and is projected to reach USD 15.5 billion by 2026, recording a CAGR of 5.4% during the forecast period in terms of value. It is driven by increasing prevalence of obesity and diabetes coupled with the increasing population of health-conscious consumers and changing consumer lifestyle and availability of convenient nutritious meal in the form of meal replacement.

Meal replacement products are an alternative to meals, which contain all the required nutrients, with low calories and high protein. Meal replacement products are also developed to help consumers with busy lifestyles and less time to get a meal’s worth of nutrients with less effort and more convenience.

 

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The meal replacement market has a high potential in emerging markets, such as Asia Pacific. Although the consumption of meal replacement products in Asia remains lower than in the US and Europe, the westernization of food habits of the Asian population coupled with a rise in awareness regarding health and wellness has led to an increase in demand, especially from the young and millennial population.

 

North America dominated the global meal replacement market. The market in the region is highly diversified, and manufacturers are strongly focusing on the development of new meal replacement products to cater to the demand from end users. Although North America holds the largest share, the meal replacement market is matured and is projected to grow at a steady rate during the forecast period. It is largely driven by factors such as presence of major meal replacement product manufacturers, such as Abbott Laboratories (US), Amway (US), Herbalife Nutrition (US), Atkins (US), Kellogg Co. (US), Skin Enterprises Inc. (US), USANA Health Sciences Inc. (US), among others.

 

Among various types of products, powder segment accounted for the major market share in the overall meal replacement market. Meal replacement powders are consumed in the form of shakes with the addition of water or low-calorie milk. Thus, the convenience and ease of consumption of meal replacement powders drive the market growth.

Based on distribution channel, the online segment is projected to be the fastest-growing during the forecast period. The rising internet and smartphone penetration, primarily from emerging economies, is anticipated to accelerate the growth of online distribution channels for the meal replacement market.

 

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Key players in this market include Abbott Laboratories (US), Glanbia (Ireland), Amway (US), Herbalife Nutrition (US), Nestle (Switzerland), Atkins (US), Huel (UK), Kellogg Co. (US), Skin Enterprises Inc. (US) and USANA Health Sciences Inc. (US).

Biofertilizers Market to See Major Growth by 2026

The global biofertilizers market size is estimated to be valued at USD 2.6 billion in 2021 and is expected to reach a value of USD 4.5 billion by 2026, growing at a CAGR of 11.9% in terms of value during the forecast period. Factors such as increased awareness and consumption of organic foods, organic meat, and organic clothes, which has resulted in the increase in demand for organic crop production, thereby increasing the demand and consumption for organic farm inputs (which includes biofertilizers) in developed economies such as North America and Europe. Along with increasing trend of exporting oilseed and legume crops such as soybean, cotton, and pulses to countries in Asia Pacific and South America for the adoption of biofertilizers are some of the factors driving the growth of the biofertilizers market during the forecast period.

 

 

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Biofertilizers are substances that contain living microorganisms or latent cells. Biofertilizers are made from biological wastes and do not contain any chemicals. The National Center of Organic Farming (NCOF) defines biofertilizers as “products containing carrier-based (solid or liquid) living microorganisms, which are agriculturally useful in terms of nitrogen fixation, phosphorus solubilization, or nutrient mobilization, to increase the productivity of the soil and/or crop.

 

Biofertilizers are cheap and are applied in small dosages, in comparison with chemical fertilizers. Besides affecting the crops directly, they increase the population of soil microorganisms. They also secrete plant hormones, which favor germination and root growth.

 

Among the three types of biofertilizers covered in this study, nitrogen-fixing biofertilizers are used for leguminous and non-leguminous crops. They are used to grow other crops as well, especially rice and sugarcane. On the other hand, phosphate solubilizing & mobilizing biofertilizers secrete organic acids and lower the pH in the nearby soil, which dissolves the phosphates in the soil. Potash solubilizing & mobilizing biofertilizers are used in various crops such as wheat, cotton, paddy, barley, and sorghum. They are also used for vegetables such as potatoes, eggplants, cauliflowers, cabbages, and onions, besides being used for flowers and medicinal crops.

 

Biofertilizers are used as an alternative to chemical fertilizers for crop protection and to increase soil fertility. These biofertilizers are found either in liquid form or with the help of carriers—solid form. The choice of the formulation is based on effective and easy application, end-user requirements, and equipment availability. A large number of factors that can affect the economic feasibility of biofertilizers include the purpose, market requirements, variability of field performance, cost of production, and several technological challenges, including fermentation, formulation, and delivery systems.

 

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The North American market is projected to dominate the market due to the rising demand for organic products, increasing acceptance of biofertilizers among rural farmers, and high adoption of advanced irrigation systems such as drip & sprinkler irrigation for fertigation. A stringent regulatory environment in addition to a growing preference for the usage of biofertilizer products has led to the favorable growth of the market. Industrialization, mining, and urbanization have led to a decrease in arable land in North America.

Upcoming Growth Trends 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).

Sustainable Growth Opportunities in the Food Enzymes Market

 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.

 

 

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The microorganism segment is projected to witness significant growth during the forecast period.

 

Based on source, the food enzymes market is segmented into microorganisms, plants, and animals. The microorganism segment is projected to witness the fastest growth during the forecast period, as enzymes obtained from microbial sources lead to low production costs and are stable than other sources. They can be produced through fermentation techniques in a cost-effective manner with less time and space requirement, and because of their high consistency, process modification and optimization are easily done.

 

The carbohydrases segment is projected to account for a major share in the food enzymes market during the forecast period

 

By type, the food enzymes market is segmented into carbohydrases, proteases, lipases, polymerases & nucleases, and other enzymes (such as catalases, laccases, oxidases, phosphatases, kinases, esterases, and pectinases). Carbohydrases are classified into amylases, cellulases, and other carbohydrases (such as pectinases, lactases, mannanases, and pullulanases). Amylase is used in the baking industry as the addition of amylase to the dough, enhances the fermentation rate which results in the reduction of the viscosity of dough, further improving the volume and texture of the product. Due to easy modification and optimization processes, there is a huge usage of amylase in the food & beverage industry.

 

The North American region dominated the food enzymes market with the largest share in 2020, whereas Asia Pacific is expected to witness the highest growth rate.

 

The food enzymes market in North America was dominant due to the increasing demand for enzymes in food applications. Technological innovations in machinery, optimization of production, logistics, and globalization of business have made the food & beverage industry one of the essential sectors in North America. However, the shift of food operations from developed regions, such as North America and Europe, to Asia Pacific, has further contributed to the growth of the food enzymes market in the Asia Pacific region.

 

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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 DuPont (US), Associated British Foods plc (UK), DSM (Netherlands), Novozymes (US), CHR. Hansen Holdings A/S(Denmark), Kerry Group (Ireland), Jiangsu Boli Bioproducts Co., Ltd. (China), Biocatalysts Ltd. (UK), Puratos Group (Belgium), Advanced Enzyme Technologies Ltd (India), Amano Enzyme Inc. (Japan), Enzyme Development Corporation (US), ENMEX, S.A. de C.V. (Mexico), Aumgene Biosciences (India), Creative Enzymes (US), SUNSON Industry Group Co., Ltd (China), AUM Enzymes (India), Xike Biotechnology Co. Ltd. (China), and Antozyme Biotech Pvt Ltd (India).

Food Inclusions Market to See Major Growth by 2027

According to a research report "Food Inclusions Market by Type (Chocolate, Fruit & Nut, Cereal, Confectionery), Application (Cereal Products, Snacks & Bars, Bakery Products, Dairy & Frozen Desserts, Chocolate & Confectionery Products), Form, Flavor and Region - Global Forecast to 2027" published by MarketsandMarkets, the food inclusions market size is estimated to be valued at USD 13.4 billion in 2022 and is projected to reach USD 18.7 billion by 2027, recording a CAGR of 6.9% during the forecast period in terms of value. Inclination towards convenience food has been drastically increased owing to the changing dynamics of the population, such as increasing disposable income, adoption of western culture especially in developing countries, increasing population, growing urbanization, and boosting the percentage of working women. In recent years, breakfast cereals, snack bars, and other convenience food have taken a significant place in developing countries’ diets, which has resulted in the growth of food inclusions.

 

 

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The fruits and nuts type segment is estimated to hold the largest market share in the food inclusions market.

 

Especially after the pandemic, consumers have shown their interest in food and drink products that have positive benefits and nutritional values. The globe has experienced an increase in the demand for fruits rich in immunity-boosting antioxidants and vitamins, such as raspberries and blueberries. Officials from various food inclusions manufacturers are reporting that the consumers are preferring various types of fruits and nut inclusions in convenience foods. For example, almonds are finding various applications in various bakery products, such as muffins, cookies, brownies, and bread, which promotes nutritional content and provides a premium look to the bakery products. Increasing consumption of fruits and nuts inclusions in various applications has resulted for a large market share of fruits and nuts in the type segment.

 

The bakery products segment is estimated to be the fastest growing application in the food inclusions market.

 

The market for food inclusions in bakery products is significant, mainly in Western countries such as the US, Canada, and European countries, as bakery products are a part of the everyday diet of consumers in these countries. As per the American Bakers Association, the bakery industry contributes around 2% to the gross domestic products of the US. The bakery industry in the country is highly fragmented, with 9,000 bakeries contributing around USD 3 billion in revenue, 75% of the revenue is generated by 50 large companies. Groupo Bimbo, Dave’s Killer, and Campbell Soup Company are the three largest companies that account for 55% of the total commercial bakery revenue in the country. The large company bases in various regions will help the food inclusions market to grow through innovating product offerings during the forecast period.

 

Solid & semi-solid forms are the fastest-growing form segment in the food inclusions market.

 

Solid & semi-solid forms consist of various forms such as food inclusions in pieces, nuts, flakes & crunches, chips & nibs, and powder. Solid & semi-solid forms in the food inclusions market mainly includes chunks, cubes, nuggets, balls, buttons, and spheres of various shapes and sizes offered by food inclusion manufacturers. The form offers flexibility in terms of taste, texture, mouthfeel, color, and flavor. In addition the form can be offered as both coated and uncoated products, with smooth, glossy, or rough textures, providing food & beverage manufacturers with flexibility in terms of variety. Owing to all these factors, solid & semi-solid are gaining more popularity when compared to liquid form inclusions.

 

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Europe is estimated to be the largest region for the food inclusions market in 2022.

 

The European food inclusions market is led by countries such as Germany, the U.K., France, and Italy. Since the bakery and confectionery markets in the European market have saturated, major players in the region are focusing on research and development to introduce new categories of low-fat food inclusions products. Changing consumer trends, such as the rising level of health consciousness, which has compelled consumers to pay more attention to their diet, have reformed the overall bakery industry in the country. Expanding product ranges to include healthier products helped companies grow with the changing preference of consumers will drive the food inclusions market during the forecast period.

 

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 ADM (US), Sensory Effects (US), Barry Callebaut (Switzerland), AGRANA Beteiligungs-AG (Austria), Taura Natural Ingredients Ltd. (New Zealand), and Nimbus Foods Ltd (UK).

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.

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).