Monday, October 10, 2022

Grain Alcohol Market Growth by Emerging Trends, Analysis, & Forecast

The global grain alcohol market size is estimated to be valued at USD 12.2 billion in 2021 and is projected to reach USD 14.9 billion by 2026, recording a CAGR of 4.1% during the forecast period. The global grain alcohol market is witnessing a growth trend due to factors, such as developing economies, increased production of grain alcohol, and growth in consumption of alcoholic beverages. Grain alcohol has various applications in the food, beverage, and pharmaceutical industries.
 
 
Key players are investing in various R&D initiatives globally, which has led to the development of different and innovative grain alcohol products. The key players in this market include ADM (US), Cargill (US), Merck Group (Germany), Roquette Frères (France), MGP Ingredients (US), Cristalco (France), Grain Processing Corporation (US), Wilmar Group (Singapore), Manildra Group (Australia), Glacial Grain Spirits (US).
 
MGP Ingredients is a leading producer and supplier of premium distilled spirits and specialty wheat proteins & starches. The company operates through two segments: food ingredients and distillery products, of which distillery products is the major segment of the company. Under this segment, the company processes corn and other grains to manufacture grain alcohol and distillery co-products such as distillers feed, fuel grade alcohol, and corn oil.
 
ADM (Archer Daniels Midland Company) is one of the world’s largest processors and suppliers of starch and derivatives, which are used for applications such as food, feed, paper, pharmaceuticals, bioethanol, and other industrial applications. It has more than 800 manufacturing facilities across the globe and offers products in more than 200 countries, where cereal grains and oilseeds are processed into products that are used in the food, beverage, nutraceutical, industrial, and feed markets. ADM operates in four business units - Ag services and oilseeds, carbohydrate solutions, nutrition, and other business. Grain alcohol is offered under the carbohydrate solutions segment.
 
Alcohol can be produced by fermenting a sugar-containing mash of fruits such as grapes, berries, and apples. Grapes are the most commonly used raw materials for alcohol fermentation to produce alcoholic beverages such as wine and brandy. Apples and citrus fruits, when added with sufficient fermentable sugars, are crushed and fermented. Their use in production of premium quality alcoholic beverages such as wines, is estimated to increase their usage in the market.
 
 

The rising consumption of and demand for alcohol has resulted in the use of grain alcohol for beverage applications. In North America, the US is one of the dominant grain alcohol markets. Beer, spirits, and wine are largely consumed alcoholic beverages in this country. The country has no specific law that forbids consumption of alcohol in public but enforces strict laws on age limit for its consumption and purchase. According to the Organisation for Economic Co-operation and Development (OECD), Canada has milder levels of taxation of alcohol at the federal level, but minimum prices and markups are enforced in several provinces, which contribute to raising prices. These trends account for the strong share of the region in global market.

Probiotics in Animal Feed Market Growth Opportunities by 2026

The global probiotics in animal feed market was valued at USD 4.4 billion in 2020. It is estimated to reach about USD 4.8 billion in 2021 and is projected to grow at a CAGR of 8.8%, to reach USD 7.3 billion by 2026. The major drivers of the market include growth in the consumption of animal-based products; growth in feed production; and standardization of meat products, owing to disease outbreaks and the implementation of innovative animal husbandry practices to improve meat quality.
 
Probiotics in Animal Feed Market
 
 
Major players in the probiotics in animal feed market include Chr. Hansen (Denmark), Koninklijke DSM N.V. (Netherlands), DowDuPont (US), Evonik Industries (Germany), and Land OLakes (US). Other players include Lallemand (Canada), Bluestar Adisseo Co. (China), Lesaffre (France), Alltech (US), Novozymes (Denmark), Calpis Co., Ltd. (Japan), Schouw & Co. (Denmark), Unique Biotech (India), Pure Cultures (US), Kerry (Ireland), and Mitsui & Co., Ltd. (Japan). These companies have significant growth opportunities in emerging markets such as China, India, South Africa, and South American countries.
 
Expansions and new product launches were the key strategies adopted by the leading players in the Probiotics in animal feed market with a view to improving their product line and presence in the market.
 
Archer Daniels Midland (ADM) (US), is primarily engaged in the production of food ingredients, animal feed & feed ingredients, and biofuels.
 
The company operates through five segments—origination, oilseeds, carbohydrate solutions, nutrition, and others. It offers probiotics in animal feed markets through its nutrition segment. The company engages in the production, sale, and supply of specialty products, including emulsifiers, natural flavor ingredients, natural health and nutrition products, natural colors, flavor systems, proteins, polyols, soluble fiber, hydrocolloids, and other specialty food & feed ingredients. The nutrition segment includes two divisions, namely, wild flavors and specialty ingredients and animal nutrition. Under the nutrition segment, it offers animal nutrition products for livestock, such as poultry, swine, and equine. The company offers animal intestinal enzymes and probiotics under its brand names, such as Inside Tract, and PrimaLac.
 
It operates in more than 170 countries globally and has 44 innovation centers, nearly 500 crop procurement facilities, and 270 food & feed ingredient manufacturing facilities. It operates through its consolidated subsidiaries in 82 countries, with a majority of these subsidiaries being located outside the US.
 
DuPont (US), operates through five business segments, such as nutrition & biosciences, safety & construction, transportation & industrial, electronics & imaging, and non-core. Under its nutrition & biosciences segment, the company provides solutions for the global food and beverage, biomaterials, microbial control, textile processing, fabric and home care, personal care, bioenergy, and animal nutrition markets. It has subsidiaries in nearly 70 countries worldwide and has its manufacturing operations in nearly 40 countries.
 
The company offers intestinal health-related products for livestock species through its nutrition & biosciences segment. The company has initiated the use of biotechnology for improved performance and high functionality of products. DuPont’s broad range of products for dietary supplements, food & beverage industries, and the pet food industry is marketed under the brand name “Danisco.”
 
 

The growth in population, rise in disposable incomes, rapid urbanization in the Asia Pacific region, and an increase in demand for high-quality meat products are the key factors that have encouraged the demand for feed additives. Substantial growth is witnessed in countries, such as China, India, and Japan, due to the increase in the purchasing power of the population and demand for protein-rich meat diets. Pork and poultry are widely consumed in the Asia Pacific region. Moreover, consumers prefer opting for products that have high nutritional content and offer health benefits and exotic tastes. Thus, fish and other seafood products are also a preferred option for consumers, which is also a growing industry in this region. The presence of a wide range of fishery resources, both freshwater, and marine, is considered a key factor that has encouraged the consumption of seafood products in the Asia Pacific region. There is an increase in consumer demand for fish produced without antibiotics that are environmental-friendly and animal-friendly. This new trend in the aquaculture industry is leading to a change towards sustainable aquaculture production methods, which, in turn, results in an increase in the usage of feed additives, such as probiotics, in feed products. This, in turn, is projected to drive the growth in the probiotics in feed market.

Sunday, October 9, 2022

Pea Processed Ingredients Market: Growth Opportunities and Recent Developments

The global pea processed ingredients market is expected to value at USD 3.1 billion in 2021 and is projected to reach nearly USD 5.0 billion by 2026, growing at a CAGR of 10.1% during the forecast period (2021-2026). The market for pea processed ingredients is segmented on the basis of different types, applications, forms, and regions. By different types, the market has been segmented into protein, starch, flour, and fiber. Pea protein is further segmented into isolates, concentrates, and textured. The Pea protein segment dominated the market in 2020 and is expected to display a similar trend in the coming years. This is mainly due to the rising demand for healthier ingredients and awareness of the benefits offered by pea protein. By different applications, the market has been segmented into food, beverage, and others that includes pet food, feed, and industrial. The food segment dominated the market in 2020 owing to the increasing demand for meat and meat substitute products among the population. The food segment is further segmented into meat & meat substitutes, bakery, performance nutrition, functional foods, confectionery, snacks, and other food applications that include pasta, sauce, vermicelli, etc. By different sources, the market has been segmented into yellow split peas, chickpeas, and lentils.
 
 Pea Processed Ingredients Market
 
 
The key players in this market include Emsland Group (Germany), DuPont (US), Kerry (Ireland), COSUCRA Groupe Warcoing SA (Belgium), Roquette Frères (France), Vestkorn Milling AS (Norway), Ingredion Incorporated (US), Axiom Foods, Inc (US), Felleskjøpet Rogaland Agder (Norway), AGT Food and Ingredients (Canada), Parrheim Foods (Canada), Puris Foods (US), Meelunie B.V (Netherlands) among others.
Major players in the pea processing ingredients market are mainly focusing on upon rapid investments in the developing economies to grab a greater number of customers in the coming years. Further, the companies are also focusing upon a strategic partnership with the food manufacturers, beverage manufacturers, feed manufacturers, and pet food manufacturers to help them develop products infused with plant based ingredients thereby enhancing the customer base
 
The core strength of the key players identified in this market is their growth strategies such as new product launches, strategic merger and acquisition, certifications, and expansions among others. Undertaking new product launches and expansions have enabled the market players to enhance their presence in the pea processed ingredients market. Some of the key strategies followed by the key players are mentioned below:
 
Coscura Groupe Warcoing SA is keen on focussing a strong geographical reach and well-organized global markets across the world. The company has adopted strategies such as strategic investments and business expansion to establish its presence in the pea processed ingredients market. Further, it is focusing on continuous expansion in the Asia Pacific region, South America and Middle East and Africa. The company has already developed strong partnership with more than 2,000 manufacturers in the food industry for chicory and pea-derived ingredients across the globe.
 
Roquette Freres is focussing on establishing new manufacturing facilities to produce pea based ingredients such as pea protein, starch, fiber and flour to meet the growing demand for plant based ingredients infused in the food and beverage products. The company also focuses on developing new products related to pea processed ingredients, which will strengthen the company’s existing product portfolio. It is also making additional investments to strengthen its position in the pea processed ingredients market.
 
Ingredion Incorporated is focused on strong brand recognition in the plant-based ingredients market. It caters to various business segments and has a strong geographical reach across regions. It holds a significant share of sales in the North American pea processed ingredients market. The company has adopted investments and expansions as a strategy to expand its product portfolio. Rising demand for pea processed ingredients from the pet food industry is resulting to new product developments by Ingredion thereby attracting greater customer attention.
 
 

Consumers in the North American region are gradually shifting their diet preferences and are going vegan due to the health and wellness benefits associated with it. This paradigm shift in food culture is being supported by health & fitness industries, medical communities, celebrities, and athletes, which has bolstered the demand for pea-based food ingredients. The rising incidences of obesity, cardiovascular diseases, and diabetes among the American population have also prompted consumers to adopt vegan diets.

Thursday, October 6, 2022

Biostimulants Market Growth by Emerging Trends, Analysis, & Forecast

The biostimulants market is estimated 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. The market for biostimulants is projected to grow in the coming years due to the increasing consumer awareness about the sustainable agricultural practices, and demand for residue free food. With the advancement in technologies, the increasing need for sustainable agriculture, and intense research on this market, formulations for blending multiple active ingredients have been developed by major players.
 
Biostimulants Market
 
 
The biostimulants market consists of a few globally established players such as BASF SE (Germany), UPL (India), Adama (Israel), and Bayer AG (Germany). These players have adopted growth strategies such as collaborations and acquisitions to increase their presence in the global market.
 
BASF SE is one of the leaders operating in the chemical industry with various business segments such as chemicals, performance products, functional materials and solutions, agricultural solutions, and others. Under these broad categories, it offers products such as intermediate chemical products, monomers, petrochemicals, dispersions & pigments, care chemicals, nutrition & health, paper chemicals, performance chemicals, catalysts, construction chemicals, coatings, performance materials, and crop protection. It provides biostimulant products through its agricultural solutions unit. From 1st January 2019, the company has revised its business segments as chemicals, materials, industrial solutions, surface technologies, nutrition and care, and agricultural solutions. The company has renamed its crops protection segment as agricultural solutions after acquiring some of the significant businesses from Bayer in August 2018. BASF SE has a strong global presence with its operations through subsidiaries and joint ventures in more than 90 countries through the functioning of six integrated production sites and 355 other production sites in Europe, Asia, Australia, the Americas, and Africa.
 
UPL is one of the leading companies that offer total crop solutions in order to secure the food supply. Its business segments are divided into various segments such as seeds, crop protection, bio-solutions, post-harvest, aquatics, farmer engagement, and other businesses. The company has its presence in over 130 countries with 48 manufacturing plants. Acquisition is one of the major strategies of the company to achieve a market position. In February 2019, UPL announced the complete acquisition of Arysta Lifesciences that was proposed in the year 2018 to Platform Specialty Products under which Arysta was operating as a subsidiary. This acquisition helps UPL to widen its biostimulants portfolio. Arysta LifeScience Corporation is a global specialty chemicals company, primarily engaged in offering a broad spectrum of products such as insecticide, herbicide, fungicide, biostimulants, and other value-added nutrients. Arysta LifeScience deals with the development, sales, and distribution of chemical solutions for agriscience and life science markets.
 
Syngenta Group acquired Valagro, through its business unit Syngenta Crop Protection in October 2020. However, it is decided so that Valagro will continue to operate as an independent brand in the market within the Syngenta Crop Protection business. Valagro S.p.A is one of the leading companies in the production and marketing of biostimulants and fertilizers. The company operates with its 12 subsidiaries across the globe. Apart from its production site in Italy, it also owns two active production facilities in Norway, two in India, and one in Brazil. Valagro S.p.A offers farm products such as plant biostimulants, water-soluble nutrition, and micronutrients. The company follows the growth strategy of introducing new products and entering into agreements for enhanced R&D. The company’s strength has been to develop diverse product formulations based on different and innovative components. The product portfolio of Valagro S.p.A covers almost all the crops as well as has target-specific functions. The company operates under two business segments—farm for agriculture and industrials for the local and international industry.
 
 

The European biostimulants market is driven by the growing importance of a sustainable agriculture approach and increasing development of new innovative products that target specific agronomic needs. Spain, Italy, and France are the major drivers for higher consumption of biostimulants in the region. These countries are also the major exporters of biostimulants to global markets. Further the underdeveloped regulatory framework for this sector in the region has led to the development of numerous startups for biostimulants.

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

The global food extrusion market is estimated to be valued at USD 73.1 billion in 2021. It is projected to reach USD 99.7 billion by 2026, recording a CAGR of 6.4% during the forecast period. The demand for Ready-To-Eat (RTE) snack foods is growing due to their convenience, nutritional value, attractive appearance, taste, and texture. Cereal-based extruded snacks are the most commonly consumed snacks. Extruders blend diverse ingredients to develop novel snack foods. The quality of the final product depends on the processing conditions used during extrusion, which include the composition of the raw materials, feed moisture, barrel temperature, screw speed, and screw configuration.
 
Food Extrusion Market
 
 
Key players in this market include Bühler, Akron Tool & Die, Baker Perkins, Coperion, and GEA.
 
Buhler is primarily engaged in providing industrial solutions for processed food, commodity food, die casting, renewable energy, and animal feed. Bühler operates through four business segments: grains & food, advanced materials, consumer foods, and corporate functions. The grains & food segment comprises grain milling, value nutrition, sortex & rice, grain logistics, and consumers food; and the advanced materials segment comprises die casting, grinding & dispersion, and Leybold Optics. The company offers food extruders through its grains & food segment. The company core technologies are in the areas of mechanical and thermal process engineering. Bühler also offers industrial services, such as machinery repair, strategic consulting, process plant optimization services, energy consulting, and manufacturing and logistics services. In April 2021, Givaudan and Bühler jointly opened the APAC Protein Innovation Centre. It is located at the Givaudan Woodlands site in Singapore, the Protein Innovation Centre jointly runs being supported by experts from both companies. It is connected to a vast network of R&D innovation centers in Switzerland, and other key hubs across the region helps in plant-based product development on a global scale. This helps the company in achieving a vision of a collaborative and sustainable future of food.
 
Coperion is a manufacturer and service provider of plastic, chemical, food, and mineral processing machinery. The company operates through compounding & extrusion, equipment & systems, materials handling, and service divisions. In October 2019, Coperion provides ZSK 32 Mc18 extruder to DJK Corporation for research and development. It will provide Coperion ZSK 32 Mc18 that can be equipped with ZS-B side feeders, with the Feed Enhancement Technology FET, which optimizes the material intake capacity, as well as with a ZS-EG side devolatilization unit.
 
GEA is one of the world’s largest technology suppliers for the food, beverage, and pharmaceutical sectors. The international industrial technology group specializes in machinery and plants as well as advanced process technology, components and comprehensive services. The company operates in five segments: separation & flow technologies, liquid & powder technologies, food & healthcare technologies, refrigeration technologies, and farm technologies. In September 2017, GEA acquired Pavan SPA. It is a growth strategy that will help GEA expand its area of activities in food processing.
 
 

The presence of a developed snack food market offers the European food extrusion market a prominent consumer base with opportunistic growth prospects. The growth of the food industry in this region is estimated to be driven by increasing consumption of processed product types in the Eastern & Southeastern European countries. Increasing consumption of snack product types in this region has also compelled manufacturers to source extruded snack products from other parts of the world for an uninterrupted supply of raw materials, as domestic production is not sufficient to meet the demand from the food industry of Europe.

Wednesday, October 5, 2022

Enteric Disease Testing Market Growth Opportunities by 2026

The global enteric disease testing market is estimated to be USD 1.8 billion in 2021; it is projected to grow at a CAGR of 6.0% to reach USD 2.4 billion by 2026. The growth in the enteric disease testing market is attributed to the enforcement of stringent food safety regulations and effective monitoring of the same by the regulatory authority, increasing level of consumer awareness on food safety and availability of rapid technology with low turnaround time. Lack of infrastructural facilities, high cost of replacement parts, and lack of harmonization act as major restraints for the enteric disease testing market.
 
Enteric Disease Testing Market
 
 
The enteric disease testing market is dominated by few globally established players such as SGS SA (Switzerland), Eurofins Scientific (Luxembourg), Intertek Group plc (UK), Bureau Veritas (France), ALS Limited (Australia) and TÜV SÜD (Germany). These players have adopted growth strategies such as acquisitions, new product launches, and agreements to strengthen their presence in the global market.
 
SGS SA is engaged in the inspection, verification, testing, certification, and quality assurance services. The company has nine business segments—consumer & retail; agriculture food & life; oil, gas & chemical; minerals; industrial; government & institution; transportation; certification & business enhancement; and environmental health & safety. It offers enteric disease testing through its agriculture food & life segment. The company operates through a network of more than 2,400 offices and laboratories across Europe, the Middle East, the Americas, Africa, and the Asia Pacific. The company focuses on acquisitions and expansions as its key development strategy to maintain its market leader position and to strengthen its business in different segments. On June 2021, SGS announced the official opening of Its new food testing laboratory in Papua New Guinea, which would offer internationally recognized quality food testing manufacturing, hospitality, and retail market segments. There are many emerging opportunities, which are creating more competitors to the company such as, Eurofins (Luxembourg), Intertek (UK), and Bureau Veritas (France), among others.
 
Eurofins is an international group of laboratories that provide testing and support services to the pharmaceutical, food, environmental, agricultural, and consumer products industries and governments. The company capitalizes on a portfolio of 150,000 reliable analytical methods that enable it to offer services that characterize the safety, identity, purity, composition, authenticity, and origin of products & biological substances. It offers testing services through the following 13 divisions—food & feed testing, biopharma services, agroscience services, agro testing, clinical diagnostics, cosmetics testing, consumer product testing, forensic services, environmental testing, genomic services, medical devices, Eurofins technologies, and REACH services. It offers enteric disease testing services under its food & feed testing division.
 
Eurofins Scientific operates through 800 laboratories in 50 countries, and with such a strong global presence, the company can launch customized solutions for their customers hence the company is identified as a strong player in the enteric disease testing market. The company’s business expansion continues to expand in North America and Europe, along with the focus on expanding and optimizing its laboratory network in the Asia Pacific region. The acquisition of Covance Food Solutions (US) in 2018 allowed the company to strengthen its geographic presence in the North American market.
 
 

The high level of awareness about healthy foods and nutrition is projected to drive the market growth for enteric disease testing market in North American region. Furthermore, the US and Canada combined have a high concentration of market players after Europe and are also high on technology adoption.

Fats and Oils Market Growth by Emerging Trends, Analysis, & Forecast

The global fats and oils market is estimated to be USD 236.7 billion in 2021; it is projected to grow at a CAGR of 3.8% to reach USD 285.2 billion by 2026. The global fats & oils market is being highly driven by robust demand dynamics emanating from both the food and non-food application sectors. Although country-level dietary guidelines advocate a switch to unsaturated fats, the sales of butter and all the other vegetable oils are witnessing decent growth because they are perceived as being more natural. The fats & oils market is also driven by non-food utilization, particularly for the production of oleochemicals and biofuels. Mandatory blending targets of biofuels have encouraged the uptake of these commercially important lipid compounds in the Western markets, which were soon adopted by developing countries.
 
Fats & Oils Market
 
 
The fats and oils market is dominated by few globally established players such as Associated British Foods PLC (UK), ADM (US), Bunge Limited (US), Wilmar International Limited (Singapore), United Plantations Berhad (Malaysia), Unilever PLC (UK), Ajinomoto Co., Inc. (Japan), Mewah International Inc. (Singapore), and Cargill, Incorporated (US). These players have adopted growth strategies such as agreements, joint ventures, and agreements to increase their presence in the global market.
 
Associated British Foods PLC (ABF), company is engaged in the processing and manufacturing of food, ingredients, and retail. It operates through five business segments, namely sugar, agriculture, retail, grocery, and ingredients. ABF operates through various subsidiaries, some of which are AB Agri (UK), AB Mauri (UK), ABF Ingredients (UK), ABITEC Corporation (US), AB Enzyme GmBH (Germany), ACH Food and Companies Inc. (US). Amongst all its subsidiaries, ACH Food Companies Inc. (U.S.) produces fats and oils products. ACH Food Companies Inc. (U.S.) was formerly known as AC Humko Corporation. After being acquired by ABF from Kraft Foods (U.S.) in 1995, the company is engaged in the manufacture and distribution of a variety of cooking oils, such as corn oil, canola oil, olive oil, and other food ingredients, which include corn starch, syrup, spices, and sauces. In 2002, ABF acquired Unilever PLC’s (U.K.) Mazola, Henri’s and Golden Griddle brands, which are now managed by ACH Food Companies. Its fat and oil products are traded under the Mazola brand, which includes a wide range of products, such as corn oil, canola oil, olive oil, and few others.
 
Archer Daniels Midland Company (ADM) is primarily engaged in food processing and commodities trading. It is one of the key players in the agricultural processing and food ingredient providing sector. The company operates through four major segments, namely Ag services & oilseeds, carbohydrate solutions, nutrition, and other business. The company offers oils derived from vegetable sources for food, industrial, and fuel applications. The company operates globally in more than 140 countries through 272 processing plants and more than 470 crop procurement facilities, where cereal grains and oilseeds are processed into products used in the food, beverage, nutraceutical, industrial, and animal feed markets. The company operates its business through several subsidiaries, such as Golden Peanut Company LLC (U.S.), ADM Milling (U.S.), ADM do Brazil Ltd a (Brazil), Wild Flavors, Inc. (U.S.), and ADM Hamburg AG (Germany).
 
Bunge Limited provides integrated operations in the agribusiness and food segments globally. The company crushes and processes oilseeds and grains that include wheat, corn, and sugarcane for food processors, bakeries, breweries, and other commercial customers. The company has four main business segments, namely agribusiness, sugar and bioenergy, food & ingredients, and fertilizers. Bunge offers bulk oils, shortenings, margarine, mayonnaise, and other products derived from vegetable oils under the food and ingredients business segment. The company has its presence in almost 40 countries in the Asia Pacific, African, Middle Eastern, European, Caribbean, Central American, North American, and South American regions. Its subsidiaries, such as Bunge North America, Bunge South America, Bunge Asia Pacific, and Bunge Europe, are engaged in oilseed processing, edible oils refining & packaging, shortenings, and corn dry milling.
 
 

Asia Pacific, followed by Europe, accounted for the largest share both in value and volume in the global fats & oils market in 2021. The large consumption base in Asia Pacific, i.e., robust processed foods and industrial applications for fats and oils, makes it the fastest-growing region during the forecast period. Asia pacific fats & oils market is majorly driven by China and India, owing to the shift in consumption patterns and the high imports of vegetable oils and fats. As per a report by Jiangnan University, China, the consumption of vegetable oils in China has been increasing year by year. The top vegetable oils consumed in China included soybean oil, rapeseed oils, palm oil, and peanut oil. India is the world’s second-largest consumer and the largest importer of vegetable oils. The country is expected to maintain a high per capita consumption level, reaching 14 kg/capita by 2030.