Dairy Testing Market Growth by Emerging Trends, Analysis, & Forecast

The global dairy testing market is projected to record a CAGR of 8.2% during the forecast period (2021 to 2026) to reach USD 8.1 billion by 2026, driven by the globalization of dairy trade, and stringent food safety and quality regulations.

 

The key players in this market include SGS SA (Switzerland), Eurofins Scientific (Luxembourg), Intertek Group plc (UK), Bureau Veritas (France), ALS Limited (Australia), and TÜV SÜD (Germany).

 

 

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New product launches, expansions & investments, joint ventures, agreements, and partnerships were some of the core strengths of the leading players in the dairy testing market. These strategies were adopted by the key players to increase their market presence. It also helped them diversify their businesses geographically, strengthen their distribution networks, and enhance their product portfolios. Some of the other players in the dairy testing market are Mérieux NutriSciences (US), ), AsureQuality (New Zealand), Romer Labs (Austria) and R J Hill Laboratories Limited (New Zealand).

 

SGS SA (Switzerland) is a Swiss multinational company which primarily deals with inspection, testing and certification. The company offers services such as Quality Inspection, Quality Testing and Certification, Product Conformity Assessment, Facility Audit and Certification through its ISO/IEC 17025 accredited laboratories. It also provides additional services like training and consulting. SGS provides services across various domains like agriculture & food, life sciences, oil & gas, energy, environmental, and health & safety. In December 2020, SGS SA partnered with RLP with the aim to expand its service portfolio in the area of good laboratory practices. In return, RLP is able to extend its service portfolio and expand its customer base by including services like chemicals, biocides, veterinary drugs and pharmaceuticals testing in the area of food, agriculture and pharma.

 

Eurofins Scientific (Luxembourg) provides testing services in genomics, discovery pharmacology, forensics, and advanced material sciences, and supports clinical studies. The company operates more than 900 laboratories and offers a vast portfolio of around 200,000 analytical methods for evaluating the safety, composition, origin, authenticity, and purity of the sample. In June 2021, Eurofins Clinical Testing US Holding, Inc, a subsidiary of Eurofins Scientific, acquired DNA Diagnostic Center, a genetic testing laboratory that caters to the fertility, lifestyle, veterinary, and forensic areas. The acquisition will help Eurofins to enter the DNA testing market.

 

Bureau Veritas (France) is one of the global leaders in providing testing, inspection, and certification services to meet the growing challenges of quality, safety, environmental protection, and social responsibility. The company offers innovative digital solutions to reduce risks, improve performance, and promote sustainable development. Bureau Veritas operates globally across numerous industries including marine and offshore, oil & gas, food, and power & utilities. It was privately owned till 2007. In April 2019, BV acquired Shenzhen Total-Test Technology Co., Ltd., a Chinese food testing company, founded in 2008, which it provides testing for over 30 categories including agricultural products, baby foods, processed food products and animal feed. The new laboratory will act as BV’s food testing hub in South China.

 

Intertek Group plc (UK) is a leading Total Quality Assurance provider to industries worldwide. It offers assurance, testing, inspection, and certification services in addition to auditing, consulting, sourcing, and training services for the chemical, construction and engineering, energy and commodities, food and healthcare, transportation, and hospitality and tourism industries. In July 2021, Intertek acquired JLA Brazil, a leading provider of food, agri and environmental testing solutions. The aim of this acquisition is to enter the fast-growing agri-food and beverage testing market in Brazil.

 

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The Europe region is the dominant market for dairy testing and is expected to experience the fastest growth only second to Asia-Pacific. The major producers of milk in the EU region are Germany, France, Poland, the Netherlands, Italy, and Spain. Together these countries account for around 70% of the total milk production. Globalization has increased the international trade of milk and dairy products and has had a major impact on global dairy supply. However, the increase in trade has resulted in higher risk of contaminated milk and dairy products reaching dairy producers and processors, and end consumers in distant markets due to instances of cross-contamination, exposure to toxins, microorganisms, and other contaminants. Manufacturers have been using dairy testing services to ensure safety and quality of their products and to comply to the international standards.

Biostimulants Market Growth Opportunities by 2026

The global 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.

 

 

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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.

 

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

Liquid Fertilizers Market Growth by Emerging Trends, Analysis, & Forecast

The global liquid fertilizers market size is estimated to be valued at USD 2.4 billion in 2020 and is projected to reach USD 3.0 billion by 2025, recording a CAGR of 4.4%. The growth of the liquid fertilizers industry is driven by various factors due to its ease of use and rapid absorption by the soil and plants, which in turn, ensures that nutrients reach crops faster than other forms of fertilizers.

 

 

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Key players in the liquid fertilizers market include Nutrien, Ltd. (Canada), Yara International ASA (Norway), Israel Chemical Ltd. (Israel), K+S Aktiengesellschaft (Germany), Sociedad Química Y Minera De Chile (SQM) (Chile), The Mosaic Company (US), and EuroChem Group (Switzerland). Product innovation, expansions, mergers & acquisitions, agreements, collaborations, and partnerships were some of the core strengths of the leading players in the liquid fertilizers market. These strategies were adopted by the key players to increase their market presence. It also helped them diversify their businesses geographically, strengthen their distribution networks, and enhance their product portfolios. Some of the other leading players in the liquid fertilizers market include CF Industries Holdings, Inc.(US), OCP Group (Morocco), OCI Nitrogen (Netherlands), Wilbur-Ellis (US), Compass Minerals (US), Kugler (US), Haifa Group (Israel), COMPO Expert GmbH (Germany), AgroLiquid (US), Plant Food Company, Inc. (US), Foxfarm Soil and Fertilizer Company (California), Agro Bio Chemicals (India), and Agzon Agro (India).

 

Nutrien Ltd. (Canada) Nutrien has the largest crop nutrient product portfolio, which is combined with a global retail distribution network that includes more than 1,500 farm retail centers. The company is a leading manufacturer and distributes over 27 million tonnes (29.76 million tons) of nitrogen, potassium, and phosphate products for industrial, agricultural, and feed customers worldwide. The company has a wide-ranging agricultural retail network that provides services to over 500,000 grower accounts. The company has a network of nearly 1,700 retail locations in seven countries, along with operations and investments in 14 countries, globally. The company has its presence in regions such as North America, South America, Europe, Asia, Africa, and Australia.

 

Yara International ASA (Norway) is one of the largest fertilizer manufacturing companies in the world. The company is primarily engaged in producing and distributing mineral fertilizers and environmental solutions. It manages its business primarily through three business segments, namely, downstream, industrial, and upstream. The company offers its liquid fertilizer products through its product portfolio and is available in potassium, phosphorus, and sulfate forms. The company offers fertilizer brands, such as YaraBela, YaraLiva, YaraMila, YaraTera, YaraVera, and YaraVita. The company offers a complete fertilizer portfolio to growers, globally, under its downstream segment, and also offers ammonia, urea, nitrates, and other nitrogen-based fertilizer products under its upstream business segment. The company offers fertilizers of various nutrients, such as nitrogen, phosphorus, potassium, calcium, and magnesium.

 

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The market for liquid fertilizers in the South America region is projected to grow at the highest CAGR from 2020 to 2025. According to FAOSTAT, Brazil is the largest producer of agricultural products due to the availability of abundant land and rural labor force, followed by Argentina. The growth in South America is majorly attributed to by the increase in the adoption of agrochemicals and advancements in farming techniques in Brazil and Argentina with distribution channels established by global agrochemical players. Due to these factors, the market in the South America region is projected to record the highest growth from 2020 to 2025.

Lactase Market Growth Opportunities by 2025

The global lactase market size is estimated to be valued at USD 217 million in 2020 and is projected to reach USD 298 million by 2025, recording a CAGR of 6.5% during the forecast period. Lactase also plays a major role in increasing the shelf-life of dairy products, thus increasing their freshness. Due to its importance in the food industry and the rising level of lactose intolerance, lactase is gaining popularity in the dairy industry. These are the major factors encouraging the growth of the lactase market globally.

 

 

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Key players in this market include Chr. Hansen Holdings A/S (Denmark), Kerry Group (Ireland), Koninklijke DSM N.V (the Netherlands), Novozymes (Denmark), Merck KGaA (Germany), DuPont (US), Senson (Finland), Amano Enzyme (Japan), Advanced Enzyme Technologies (India), Enmex (Mexico), Antozyme Biotech Pvt. Ltd. (US), Nature Bioscience Pvt. Ltd. (India), Aumgene Biosciences (India), Creative Enzymes (US), Biolaxi Corporation (India), Novact Corporation (US), Enzyme Bioscience (India), Infinita Biotech Private Limited (India), Rajvi Enterprise (India), and Mitushi Biopharma (India).

 

DuPont(US) is a global leader in the development lactase from different sources and for wide range of applications. DuPont has 16 production bases globally and provides products and business solutions to 95 countries in regions such as Europe, North America, Asia Pacific, South America, and the Middle East.

 

DuPont Danisco launched Nurica, a dairy enzyme to help the lactose-free product manufacturers to meet consumer demand for clean label products. Danisco provides improved nutrition, better taste, texture, and greater cost efficiency. This new product launch will help the company to strengthen the product portfolio and also will the help the company becoming global leader in high-value enzymes for catering dairy industry.

 

Novozymes (Denmark) is one of the major players in the lactase market. Novozymes is a major bio-innovation company providing biological solutions, which involve various applications of enzymes and microbes. The company offers Lactozyme Pure, saphera, and saphera fiber to cater dairy industry for manufacturing of lactose-free products. It records 33% of the sales through essential food & beverage products. The company is growing significantly in European region mainly in countries like France, Germany, and Italy. It also has a strong presence in the North American region.

 

The lactase market in North America is dominant due to the growing demand for different types of lactose-free products such as drinkable yogurt, ice-cream, and flavored milk. Increasing awareness about lactose intolerance among consumers and growing inclination towards health promoting dietary supplements are the key factors that are projected to drive the growth of the market in the North American region.

 

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The fastest-growing market is Asia-Pacific for lactase. The increase in awareness and self-diagnosis among the lactose intolerant population, also growing consumption of lactose-free products offers potential growth for the lactase manufacturers in the region. The increase in health concerns and the growing trend of opting for reduced added sugar/no added sugar claims have created growth opportunities for lactase in the region. Major players such as Valio Ltd. (Finland), expanded its production facility in China to cater lactose-free products for lactose intolerant population.

Food & Beverage Metal Cans Market Growth Opportunities by 2025

The food & beverage metal cans market is estimated to be valued at USD 27.6 billion in 2020 and is projected to reach USD 37.0 billion by 2025, recording a CAGR of 6.1% during the forecast period. The increasing demand for sustainable packaging drives the growth of the food & beverage metal cans market.

 

 

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Key players in this market include Crown Holdings, Inc (US), Ball Corporation (US), Silgan Holdings Inc. (US), Ardagh Group (Luxembourg), CAN-PACK S.A. (Poland), Kian Joo Group (Malaysia), CPMC Holdings Limited (China), Huber Packaging Group GmbH (Germany), CCL Industries (US), Toyo Seikan Group Holdings Ltd (Japan), Universal Can Corporation (Japan), Independent Can Company (US), Mauser Packaging Solution LLC (Germany), Visy (Australia), Lageen Food Packaging (Israel), Massilly Holding S.A.S (France), P. Wilkinson Containers Ltd. (UK), Unimpack (The Netherlands), Müller und Bauer GmbH (Germany), and Allied Cans (Canada).

 

Crown Holdings, Inc (US) is a key supplier, offering products for food & beverage metal packaging. Its operations focus on making it a specialty metal packaging company, which is growing sustainably by incorporating new foundational platforms into its own technologies. It is pursuing competitive superiority by creating demand and by developing high-value-added and customized products based on client requirements.

 

In 2018, the company acquired Signode Industrial Group Holdings (Illinois) Ltd., a leading global provider of transit packaging systems and solutions. This acquisition helped the company to strengthen its geographic reach and market position in the US.

 

Ball Corporation (US) is a public registered company headquartered in the US and one of the leading developers, manufacturers, and distributors of metal packaging. The company works in collaboration with the brands and retailers, and packaging manufacturers to design circular economy solutions to maintain its market position.

 

Ball Corporation offers products for metal packaging of beverage cans such as standard cans and specialty cans. In October 2019, the company expanded its manufacturing plants in Rome, Georgia to cater to the growing demand for beverage packaging in the US.

 

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The Asia Pacific food & beverage metal cans market is projected to have higher growth potential in the coming years. A large consumer market and increasing disposable income in India and China are driving the growth of the demand for high-quality metal packaging. Also, China is the hub for the manufacture of metal cans and has sufficient manufacturing plants to meet the demand for food & beverage metal packaging. Moreover, rapid urbanization in countries such as India and China are expected to result in high growth of the food & beverage metal cans market in Southeast Asia during the forecast period.

Technical Enzymes Market Growth by Emerging Trends, Analysis, & Forecast

The global technical enzymes market size is projected to grow from USD 1.1 billion in 2019 to USD 1.5 billion by 2026, recording a compound annual growth rate (CAGR) of 4.0% during the forecast period, in terms of value. The increasing trend of environmental concerns in developing countries and advancements of R&D activities for technical enzymes are the major factors that are projected to drive the growth of the technical enzymes market. However, the cost of enzymes usage in various industrial applications remains high during the formulation process of technical enzymes, which is projected to inhibit the growth of the market.

 

 

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Key technical enzymes players include BASF (Germany), DuPont (US), Associated British Foods (UK), Novozymes (Denmark), DSM (Netherlands), Dyadic International (US), Advanced Enzymes Technologies (India), Maps Enzymes (India), Epygen Labs (India), Megazyme (Ireland), Aumgene Biosciences (India), Enzymatic Deinking Technologies (US), Tex Biosciences (India), Denykem (UK), MetGen (Finland), Creative Enzymes (US), Sunson Industry Group (China), Transbiodiesel (Israel), Enzyme Supplies (UK), and Enzyme Solutions (US). New product launches and expansions were the dominant strategies adopted by major players, followed by collaborations. These strategies have helped them to increase their presence in different regions.

 

Novozymes (Denmark) is a major bio-innovation company providing biological solutions, which involve various applications of enzymes and microbes. The company catered to industries such as household care, food & beverages, bioenergy, agriculture & feed, and technical & pharmaceutical. However, the bioenergy segment of the company delivered strong growth since 2017. The company offers products for bioenergy, which converts plant materials and waste to biofuels. Using these biofuels, the company’s objective is to reduce carbon dioxide emissions by 50%–90% compared with conventional gasoline. For instance, in May 2019, Novozymes (Denmark) has partnered with Alibaba’s 1688 platform to offer industrial biotechnology products in China.

 

DuPont (US) is a global chemical company that has been focusing on technology-driven innovations in providing products and solutions to various industries. DuPont Nutrition & Biosciences (Denmark) is the subsidiary of DuPont, which offers enzymes under the industrial biosciences. The company has segregated its business segments as animal nutrition, food & beverage, personal care, bioenergy, fabric & home care, textile processing, biomaterials, and microbial controls. The company has been focusing on enhancing its market presence in the Asia Pacific and North American regions. For instance, in February 2019, DuPont Nutrition & Biosciences extended its collaboration with Essential Ingredients (US) to distribute DuPont’s personal care portfolio. Additionally, Essential Ingredients would also distribute the company’s cleaning enzyme solutions in the North American region.

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The Asia Pacific region projected to grow at the highest CAGR between 2019 and 2026. The increasing demand for technical enzymes in starch and textile & leather industries is projected to create lucrative growth opportunities for manufacturers in the market in the Asia Pacific region. This dominance is majorly due to the change in technological innovations in machinery, synthetic fibers, logistics, and globalization of business. Furthermore, the shift of industrial operations such as textile & leather production from developed nations in North America and Western Europe into the Asia Pacific region over the past decade has boosted the market for technical enzymes.

Carotenoids Market Will Hit Big Revenues In Future

The global carotenoids market size is projected to grow from USD 1.5 billion in 2019 to USD 2.0 billion by 2026, recording a compound annual growth rate (CAGR) of 4.2%, in terms of value, during the forecast period. Carotenoids are a group of yellow to red pigments, including the carotenes and the xanthophylls, found particularly in plants, algae, and photosynthetic bacteria and certain animal tissues. The increase in the usage of carotenoids as food colorants and the advancements end-user technologies are the major factors that are projected to drive the growth of the carotenoids market.

 

 

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Key carotenoids market players include Koninklijke DSM (Netherlands), BASF (Germany), Chr. Hansen (Denmark), Kemin Industries (US), Lycored Limited (Israel), Cyanotech Corporation (US), Fuji Chemical Industry Co Ltd. (Japan), Novus International (US), DDW The Color House (US), Dohler Group (Germany), Allied Biotech Corporation (Taiwan), E.I.D Parry (India), Farbest Brands (US), Excelvite Sdn. Bhd. (Malaysia), AlgaTechnologies Ltd. (Israel), Zhejiang NHU Co. Ltd (China), Dynadis SARL (France), Deinove SAS (France), Vidya Europe SAS (France), and Divi’s Laboratories (India). Product launches, expansions & investments, mergers & acquisitions, agreements, joint ventures, and partnerships were the dominant strategies adopted by major players. These strategies have helped them increase their presence in different regions.

 

KoninklijKE DSM (Netherlands), is a global science-based company engaged in health, nutrition, and materials businesses. The company operates through three segments, namely, nutrition, materials, and innovation center, and corporate activities. Carotenoids are offered under the nutrition segment and are used for a variety of applications in industries, such as food, feed, supplements, and pharmaceutical. The company is engaged in enhancing its market presence in the global carotenoids market through investments. For instance, in June 2018, Koninklijke DSM invested USD 3 billion to expand its nutrition business that includes carotenoids, vitamins, and enzymes.

 

BASF (Germany), is a leading chemical company, which manages its businesses through five segments, namely, chemicals, performance products, functional materials and solutions, agricultural solutions, and others. The performance products segment consists of four divisions, namely, nutrition &health, performance chemicals, dispersion & pigments, and care chemicals. Carotenoids are offered under the nutrition and health segment and have been categorized as animal nutrition (feed products) and human nutrition (food and beverage and supplements). It focuses on developing products to meet the EU regulatory requirements of feed. For instance, in September 2018, it launched new product lines, namely, Lucantin red 10% (Canthaxanthin), Lucantin Yellow 10% NXT ( C30 Ester), and Lucantin CX 10% NXT (Cintraxanthin) to meet the EU regulatory requirements for feed, which does not use antioxidant ethoxyquin.

 

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The Europe region is forecasted to dominate the carotenoids market in terms of market share during the forecast period. This is due to the presence of consumers who are demanding natural and clean-label food products. The players in food and feed industry in Europe are widely using natural ingredients as a colorant in their products and easy availability of carotenoids makes it a preferrable option for these manufacturers. Furthermore, growing ageing population has led to increase in demand for carotenoids as it may benefit in curing cataract and other eye disorders.