Monday, September 26, 2022

Food-Grade Gases Market Growth Opportunities by 2025

The global food-grade gases market is estimated to be valued at USD 6.7 billion in 2020 and is projected to reach USD 9.3 billion by 2025, at a CAGR of 6.7% from 2020 to 2025. Changing consumer preferences toward convenient packaging and the growing number of microbreweries across all regions are some of the factors that are driving the market.
 
Food-Grade Gases Market
 
The key players profiled in the food-grade gases market include The Linde Group& Praxair, Inc. (Germany), Air Products & Chemicals, Inc (US), Air Liquide (France), The Messer Group GmbH (Germany), Taiyo Nippon Sanso (Japan), Wesfarmers Ltd. (Australia), SOL Group (Italy), Gulf Cryo (Kuwait), Air Water, Inc. (Japan), Massy Group (Caribbean), PT Aneka Industri (Indonesia), National Gases Limited (Pakistan), SIAD (Italy), Cryogenic Gases (US), Les Gaz Industriels Ltd. (East Africa), Aditya Air Products (India), Sidewinder Dry Ice & Gas (South Africa), Axcel Gases (India), Chengdu Taiyu Industrial Gases Co., Ltd (China), Yingde Gas Group Ltd (China), Siddhi Vinayak Industrial Gases Pvt Ltd (India), American Welding & Gas (US), Ijsbariek Strombeek N.V (Belgium), Air Source Industries (US), and Purity Cylinder Gases Inc. (US).
 
 
The key market players adopted various growth strategies such as new product launches, expansions, acquisitions, partnerships, collaborations, joint ventures, agreements, and mergers to cater to the increasing demand for food-grade gases. The companies have been expanding their operations in various regions across the globe to establish themselves as the leading players in the food-grade gases market.
 
The Linde Group (Germany) is the largest player in the food-grade gases market. It is an engineering and gases company that is based in Germany. It operates through two key business segments, namely, engineering division and gases division. It has become the largest player in the industrial gases segment, globally, after the merger of Linde AG (Germany) and Praxair, Inc. (US) in 2018 to form Linde plc. Through its gases division, the company offers a variety of compressed and liquified gases as well as other chemicals. It has a vast clientele from the industrial sectors, such as aquaculture, chemicals, construction & infrastructure, food & beverages, electronics, and medical. Further, Linde has segmented its gases division, based on product area, into on-site, healthcare, cylinder gases, and liquified gases. The food & beverage industry generally uses the cylinder gases or liquified gases based on the production capacities and requirements. The Linde Group has a presence across 100 countries in 6 continents and has an extensive network of distributors and suppliers. The company primarily operates in Europe; it has gained a strong presence in the Americas after merging with Praxair, Inc. It operates through its subsidiaries—BOC (UK); Linde Consulting Group L.L.C. (US); the Linde Group (US); and the Linde Group, Incorporated (Mexico).
 
Air Liquide (France) is one of the largest players in industrial gases in the world. The company is engaged in producing and supplying gases, technologies, and services for health and other industries. It produces air gases—oxygen, nitrogen, argon, and rare gases—and other gases for aeronautic, beverage, chemical, construction, food, pharma, and metal industries. The company classifies its business activities across 3 segments, namely, gas & services, engineering & construction, and global markets & technologies. Its gas business is operated undr the gas & services business unit, which is further classified into different end-user industries, such as industrial merchants (suppliers of a wide range of different gases and application equipment to industries), large industries (steel, chemical, and refining industry), healthcare, and electronics.
 
 
The microbrewery culture is also on the rise in the North American market. There are multiple microbreweries present in the region. These microbreweries require carbon dioxide for beer dispensing. Also, the North American soft drinks market is one of the largest, with the presence of all the big brands such as Coca-Cola and PepsiCo. The soft drinks industry is one of the largest users of food-grade carbon dioxide for the carbonation of beverages.
 

The large beverage industry and rising trends of microbreweries create a huge demand for carbon dioxide in the North American region, with the US being the largest and fastest growing market. Also, because of the presence of highly organized retail chains and cold chain infrastructure, the North American market holds the largest market share in the food-grade gases market.

Sunday, September 25, 2022

Biological Seed Treatment Market Will Hit Big Revenues In Future

The global biological seed treatment market is projected to reach USD 1.7 billion by 2025, from USD 0.9 billion in 2020, at a CAGR of 11.9% during the forecast period. The market has been growing at a significant rate due to the increasing need for a sustainable approach in agricultural operations in developed countries. Strong research funding by key manufacturers on product development such as compatible combinations of biological and chemical components is expected to drive the growth of the market over the next five years.
 
Biological Seed Treatment Market
 
 
Companies such as BASF SE (Germany), Bayer AG (Germany), Syngenta Group (Switzerland), Corteva Agriscience (US) have been focusing on technological innovations in seed inoculation and patent registrations for new product launches to strengthen their market base in the concerned market. Apart from these companies, other biological seed treatment companies include Valent BioSciences (US), Verdesian Life Sciences (US), Plant Health Care (US), Precision Laboratories (US), Koppert Biological Systems (Netherlands), Italpollina (Italy), and Incotec (Netherlands), which have been strengthening their market position through product launches and distribution & technology agreements.
 
Expansions were the most used strategy by the key players in the seed treatment market. R&D centers/innovation labs were inaugurated by companies such as BASF SE (Germany), Syngenta Group (Switzerland), Koppert Biological Systems (Netherlands), and Incotec (Netherlands). Due to the overall growing demand for biostimulants and microbial-based technologies, companies such as BASF SE (Germany), Incotec (Netherlands), Valent BioSciences (US), and Italpollina (Italy) have invested in the upgradation & expansion of their existing facilities or establishment of new manufacturing facilities.
 
Bayer AG (Germany) is one of the active players in the biological seed treatment market. A considerable amount of Bayer revenue goes into research & development activities to offer innovative products and practices to the farming community across the world. Bayer has successfully pushed products into the market through its farmer engagement programs. Bayer has made significant investments in the acquisition of seed treatment technology providers and established research collaborations for the development of microbial seed treatment products through its SeedGrowth business unit. The acquisition of Monsanto (US) in 2018, has been a big milestone in Bayer’s history of developments, which has allowed the company to enhance its research on new technologies for improving the available solutions for crop protection. In 2018, the company received marketing authorization in many countries for new mixtures and formulations, which will further strengthen its global presence. It has also expanded its global presence, clubbed with high levels of investments in R&D activities to serve its customers with innovative products in biological seed treatment market.
 
Syngenta Group (Switzerland) has been a leading player in the agricultural industry by offering diverse innovative solutions to the market place. Through its product investment & partnership approach, the company focuses on delivering sustainable solutions through its seed treatment technology in order to capitalize on a growing market demand for biological solutions, and progress to a formidable position at the preliminary stage of the market. It has a strong brand image and early mover advantage due to the introduction of Clariva, the first biological nematicide for seed treatment. In October 2020, Syngenta Group announced the acquisition of Valagro (Italy), a leading Biologicals company, through its business unit Syngenta Crop Protection. Through this strategy, Syngenta Crop Protection positions itself as one of the key global companies to shape the rapidly growing biologicals market, which is set to nearly double in size over the next five years.
 
 

The increasing agricultural practices and requirement for high-quality agricultural produce are factors that are projected to drive the biological seed treatment market growth in this region. The government policies adopted by developed countries for the ban on key active ingredients are the major factors encouraging the growth of this market in the North America region. Hence, North America is projected to be the fastest-growing region in the global market. R&D investments for the development of biological seed treatment and installation of new production capacities by key players are projected to drive market growth in the next five years.

Thursday, September 22, 2022

Precision Fermentation Market to Witness Unprecedented Growth in Coming Years

The global precision fermentation market size is estimated to be valued at USD 1.6 billion in 2022 and is projected to reach USD 36.3 billion by 2030, recording a CAGR of 48.1% in terms of value. Increasing demand for protein worldwide, changing consumer tastes and preferences, and rising investments and innovations are some factors that deepen the focus on the protein industry. In recent years, substantial breakthroughs in the science of genetic engineering have enabled the cost-effective and sustainable reprogramming of microorganisms (synthetic biology) to create a wide range of specialized food protein constituents.
 
Precision Fermentation Market
 
 
Key players operating in this market include Geltor (US), Perfect Day, Inc. (US), The Every Co. (US), Impossible Foods Inc. (US), Motif FoodWorks, INC. (US), Formo (Germany), Eden Brew (Australia), Mycorena (Sweden), Change Foods (US), and MycoTechnology (US).
The key players are fixated upon improving their market shares, while newer start-ups are being established rapidly in the market. The precision fermentation market can be classified as a fragmented market as it has the presence of various regional players, accounting for a major part of the investments and funding. There are numerous existing and emerging companies, particularly in the Asian markets.
 
Geltor is a bio-design company developing technologically advanced designer proteins. The company amalgamates fermentation, biology, and protein optimization to develop sustainable and highly efficient consumer proteins with greater benefits and functionality. It creates 100% animal-free and GMO-free ingredients that are globally scalable and sustainably cultivated. The company utilizes microbes to manufacture products with plant-based and renewable inputs in a sustainable fermentation process.
 
Perfect Day, Inc. is a consumer biotechnology company and one of the foremost players and manufacturers of animal-free dairy products. The company manufactures free-from animal whey protein from microflora using safe and proven fermentation procedures. Compared to traditional whey production processes, the production of Perfect Day’s whey protein powder decreases water usage by 99%, reduces greenhouse gas emissions by 97%, and utilizes around 60% lower non-renewable energy resources, according to ISO-compliant, third-party reviewed life cycle assessment (LCA). The company collaborated with various brands in 5,000+ stores across the US. It has expanded its geographical footprint across North America and the Asia Pacific.
 
 

The North American market for precision fermentation is the largest due to the increasing awareness of healthy food ingredients and the trend of veganism and weight management among consumers. Proteins derived from precision fermentation are highly versatile and can be used in applications such as meat analogs, dairy alternatives, and meat extenders. According to research conducted by key players in the market and surveys, it has been observed that consumers demand meat alternatives to reduce their meat consumption. It has resulted in a decrease in the demand for meat. For instance, pea proteins are used by processed meat manufacturers as a replacement, thus making them more economical.

Flavor Systems Market Growth Opportunities by 2023

The global flavor systems market is estimated to account for a value of USD 5.64 billion in 2018 and is projected to grow at a CAGR of 4.3% from 2018, to reach a value of USD 6.96 billion by 2023. The creation of novel flavors driven by favorable consumer reception and cross-product usage of flavors are some of the key factors driving the growth of the flavor systems market.
 
Flavor Systems Market
 
 
On the basis of type, the fruits & vegetables segment is projected to grow at the highest rate from 2018 to 2023. Rising awareness amongst consumers regarding health and flavor popularity have led many manufacturers to include fruit & vegetable flavors in their products. As a result, the market is experiencing the highest growth rate. Furthermore, fruits & vegetables find their application in a range of food & beverage products such as beverages, savories, desserts, and bakery & confectionery products, which makes this segment a preferred one among consumers and manufacturers alike.
 
On the basis of source, the nature-identical flavors segment is projected to grow at the highest rate during the forecast period. These flavoring substances are characterized as being obtained from chemical synthesis or isolation by chemical processes, which makes them more economical in nature. Most of the commercial flavorants are also nature-identical substances, as these tend to be more stable in nature than natural flavoring extracts while being a more cost-effective option. Although nature-identical substances are formulated in a laboratory, the human body cannot distinguish between natural and nature-identical substances, which makes them safer than synthetic flavors.
 
On the basis of application, the beverages segment is projected to account for the largest share in the market during the forecast period while also being the fastest-growing one. The usage of various types of flavors in this application is largely attributed to the introduction and combination of different flavors to create elegant and aromatic combinations. Additionally, this category also includes novel flavor combinations such as flavors of fruits & vegetables and spices blended with beverages such as coffee and chocolate shake to create sweet & spicy and warm fall flavors, which makes the category the fastest-growing one.
 
On the basis of form, the liquid segment is estimated to occupy the majority of the share of the global flavor systems market. The major advantage associated with the usage of liquid flavors systems is that these flavors can be easily mixed together to achieve a homogeneous distribution of each component in the finished flavor. Due to this, the liquid segment accounts for a larger favorability among food & beverage manufacturers.
 
Flavor systems or customized blending systems for flavors, targeted to achieve mass customization goals, have garnered significant favor from manufacturers and consumers alike. Various manufacturers and quick service restaurants (QSRs) are now looking at providing consumers with highly customizable products to help create a differentiated opportunity. For instance, Starbucks uses its website “frappucino.com” to allow consumers to create new beverage options. They could add new flavors such as raspberry or strawberry or new ingredients such as protein powder to help create products that they prefer. While this allows Starbucks to analyze consumer preferences and the popularity of different flavors and ingredients, it also helps them to understand the popular blends that the company could look forward to investing in.
 
Customization in any form remains associated with increased cost of products and their premiumization aspects. As a result, customized blends of flavors or flavor systems inherently remain highly priced and affect the final cost of products. These high costs of flavor systems could be attributed to flavor extraction procedures, technological developments associated with the blending of flavors, and the extent of customization executed for the creation of a unique flavor blend. This eventually results in huge costs being incurred by manufacturers when investing in different flavor blends. Furthermore, the inclusion of these customized flavor blends in a number of different end products, in accordance with proper formulations, enhances manufacturers’ product portfolio.
 
 
In Europe, the growth of flavor systems is attributed to the growth in the. Beverages, bakery, and dairy & frozen desserts industry, with growing demand for flavor enhancers in confectionery products. Soft drinks, dairy products, frozen products, and other alcoholic and non-alcoholic beverages are the most innovative food sectors in the region, offering significant opportunities for the growth of flavoring systems.

Furthermore, the growing consumption of bakery & confectionery products, and savories & snack products, and the demand for their product variety has resulted in intensifying demand for flavor systems in these food products. The innovation in food applications, with the use of flavor systems in these industries, has resulted in new product development and increased consumption of flavor systems in different food applications in this region.

Aquafeed Market Projected to Garner Significant Revenues by 2025

The aquafeed market is estimated to be valued at USD 50.6 billion in 2020 and is projected to reach USD 71.6 billion by 2025, recording a CAGR of 7.2% during the forecast period. The growth of the aquafeed market is driven by factors such as the growth in the aquaculture industry and the growing seafood trade, which demands aquafeed. Global aquaculture production has grown rapidly during the past decades, contributing significant quantities to the world’s fish and seaweed supply for human and animal consumption. Aquaculture is an important part of the economic development of many countries and has been received positively by several governments seeking to boost their countries’ economic performance; many policies have been the introduction of policies in support of the sector.
 
Aquafeed Market
 
 
The key players in the aquafeed market include Cargill (US), Archer Daniels Midland Company (US), Alltech (US), Purina Animal Nutrition (US), Nutreco N.V. (Netherlands), and Ridley Corporation Ltd. (Australia).
 
Cargill is involved in the manufacturing and marketing of food, agricultural, financial, and industrial products and services. The company’s major business segments include food ingredients & applications; grain origination and oilseed processing; animal nutrition; and risk management and financial services. Cargill’s animal nutrition business offers a range of compound feed, premixes, feed additives, and supply chain & risk management solutions to feed manufacturers, animal producers, and feed retailers around the world. The company is one of the largest aquafeed suppliers and focuses on three core species, namely, salmon, tilapia, and shrimp. To remain competitive in the aquafeed market, recently, the company entered into a partnership with InnovaFeed (France) to develop fish feed using insect protein.
 
Archer Daniels Midland Company (ADM) produces food & beverage ingredients, feed ingredients, industrial ingredients, and biofuels. It offers aquafeed products through its subsidiary, ADM Animal Nutrition, Inc. (US). Strategies, such as expansions, joint ventures, and acquisitions, have aided the company to integrate its distribution channels to most feed producers. For instance, in April 2019, the company built a new high-tech feed facility in the US to increase the capabilities of its animal nutrition business and cater to the customers in the aquafeed industry.
 
Nutreco develops and produces animal nutrition and aquafeed products. It is a fully owned subsidiary of SHV Holdings (Netherlands). Two of the company’s global brands are Skretting (aquafeed) and Trouw Nutrition (animal nutrition). Nutreco streamlined the functioning of its business units effectively to develop and deliver product-marketing strategies for different feed segments. The company has signed agreements and joint ventures with regional players and institutions to sustain in these regional markets.
 

The global market was dominated by the Asia Pacific in 2020, in terms of value and volume; this market is majorly driven by China, which is a major producer of aquafeed. China is the leading producer, consumer, and processor of aquaculture products, contributing to about one-third to the global supply. Moreover, the processed seafood market in the region is also currently undergoing a significant transformation in response to rapid urbanization and diet diversification.

Wednesday, September 21, 2022

Latest Regulatory Trends Impacting the Rodenticides Market

According to the National Pesticide Information Center (US), ‘Rodenticides are pesticides that kill mice and rats.’ Even though rodents play an important role in nature, they are increasingly required to be controlled, as they damage crops, transmit diseases, and in some cases, cause ecological damage. Rodenticides are formulated as baits, which are designed to attract rodents.
 
The rodenticides market is estimated to be valued at USD 5.3 billion in 2022. It is projected to reach USD 7.1 billion by 2027, recording a CAGR of 5.8% during the forecast period. The rodenticides market is witnessing significant growth due to the rise in economic activities, an increase in residential and commercial construction activities, and the growth in awareness of public and environmental health.
 
Rodenticides Market
 
 
Key players in this market include Basf Se(Germany), Bayer Ag(Germany), Syngenta Ag(Switzerland), UPL Limited(India) & Neogen Corporation(US)
 
BASF SE is a leading company that produces a wide range of chemical products. It operates via six business segments, namely chemicals, industrial solutions, materials, nutrition & care, surface technologies, and agricultural solutions. BASF’s agricultural solutions segment includes functional crop care, biotechnology, turf, ornamentals and landscape, pest control, and animal nutrition. BASF uses innovative active ingredients and technologies in a wide range of pest control products to eradicate pests, such as bed bugs, termites, ants, flies, and rats. It offers innovative formulations of insecticides and rodenticides that are comparatively effective. The company has a global presence in regions, such as Asia Pacific, North America, Europe, South America, Africa, and the Middle East. In Nov 2020, BASF SE (US) launched Selontra rodent bait in Europe. It is a soft bait formulation based on the active ingredient, cholecalciferol, which makes the product three times more effective than the standard anticoagulant rodenticides.
 
Bayer AG is a global leader in agriculture research and solutions; it operates through four segments—pharmaceuticals, consumer health, crop science, and animal health. It also supplies high-quality food products, feed, and plant-based raw materials, and helps in promoting the sustainable use of natural resources. It also offers herbicides, corn seed & traits, soybean seed & traits, insecticides, fungicides, vegetable seeds, and digital agriculture solutions. Bayer AG’s subsidiary, Bayer CropScience, is involved in the development of crop protection, non-agricultural pest control, and plant biotechnology. The company produces highly palatable and fast-acting rodenticides, which are designed for professional use. These rodenticides are highly effective against all types of rodents. It has a presence in over 120 countries across the globe. The company primarily operates in Europe and has an active presence in North America, Latin America, Africa, the Middle East, and Asia Pacific. In Aug 2019, Bayer entered into a partnership with UrbanClap (India), which would facilitate the pest control products to UrbanClap for effective and safe pest management solutions for consumers in the residential segment.
 
 

The Asia Pacific market is completely driven by the country markets of China, India, Japan, Australia, Thailand, Indonesia and few other Asian counties. As the world’s largest and most populous region, Asia Pacific is one of the key markets for rodenticides. Rodents are common pests present in agricultural fields. Annually, extensive volumes of agricultural produce are destroyed and contaminated by rodents. To meet the increase in demand for food products and to reduce the crop damages caused by rodents, the use of rodenticides has increased significantly in the region. The food retail, food manufacturing, pharmaceutical, hospitality, and residential sectors are expected to be major growth verticals in this market.Asia Pacific is expected to be the fastest-growing region during the forecast period due to several reasons. One of the major drivers of the market is the fact that agriculture is one of the most significant revenue-generating sectors in China and India. The growing population within the region is urging the farmers to provide a maximum yield to fulfill the demand of the increasing population. In such cases, the increasing crop damage and decreasing food production due to rodents are expected to leverage this market positively.

Sustainable Growth Opportunities in the 3D Food Printing Market

The global 3D food printing market size is estimated to be valued at USD 201 million in 2022 and is projected to reach USD 1,941 million by 2027, recording a CAGR of 57.3% during the forecast period. The demand for 3D food printing is increasing significantly, due to the increasing consumption of customized food products in many countries across the world.
 
3D Food Printing Market
 
 
Key players in this market include 3D systems (US), TNO (Netherlands), NATURAL MACHINES (Spain), Choc edge (UK), Systems & Materials Research Corporation (US), byFlow B.V. (Netherlands), beehex (US), CandyFab (US), ZMORPH S.A (Poland) and Wiiboox (China). These players have adopted various growth strategies such as partnerships, agreements, and collaborations to increase their presence in the global market.
 
One of the key players in the global 3D food printing market is byFlow. byFlow is a family business founded in the Netherlands in 2015. It is one of the worlds leading companies in the rapidly growing market of 3D Food Printing. Its mission is to change the way food is prepared and consumed in order to contribute to a more sustainable world. They develop 3D Food Printing Technology, which enables professionals to create customized shapes, textures, and flavors using fresh or otherwise discarded ingredients. Their primary goal is to accelerate the development of innovative 3D Food Printing Technology for a wide range of applications. Their product, the Focus 3D Food Printer, is portable, easy to maintain, and simple to use, making it available to everyone. It is for sale on the open market and is already being used by Top Chefs such as Jan Smink, Caterers, Bakeries, Chocolatiers, and Food Designers who want to experiment with shapes and amaze their customers. Aside from professionals in the food industry, they collaborate with resellers and R&D centers of multinational corporations, looking for further development and applicability of the technology with them. While their primary focus is on selling and developing the Focus 3D Food Printer, they also provide services. In response to the growing interest in 3D Food Printing, we provide demonstrations and workshops at public and private events.
 
Apart from byFlow, TNO, or the Netherlands Organization for Applied Scientific Research, is also identified as a key player in this market. TNO has been developing expertise in Additive Manufacturing for over 30 years. TNO has created a high-force, high-speed extrusion printing setup that exceeds commercially available limits. Their multi-nozzle printhead platform allows for the simultaneous printing of multiple materials, and their experimental printhead platform investigates the potential of novel extrusion concepts for continuous and large-scale production. Their adaptable powder-bed platform is designed to investigate and print a wide range of liquid and powder classes The company’s core technologies are in ten societal areas Defense, Safety & Security, Artificial Intelligence, Buildings, Infrastructure, and Maritime Circular Economy & Environment Energy Transition Industry, Living a Healthy Lifestyle, Transportation & Traffic, ICT (Information and Communication Technology) and Policy & Strategic Analysis. The company has a presence in Belgium, Japan, and Netherlands.
 
 
The North America is estimated to account for the largest market share in the 3D food printing market in 2022. The presence and growth of the companies offering the 3D food printing technology in this region are boosting the market in this region. This region is projected to be the largest market during the forecast period.
 

The US is known as one of the early adopters of the new technologies in the world. The busy and fast-moving life of common people makes it hard for them to get the proper nutritious diet. The 3D food printing technology could provide an option to have customized nutritious food. Also, the US government spends the highest amount of budget on healthcare, and the benefits of 3D food printers to provide food rich in specific nutrients and with the ease of chewing and swallowing would provide a suitable option for feeding the aged patients.