Meal Replacement Market to Witness Unprecedented Growth in Coming Years

According to MarketsandMarkets "Meal Replacement Market by Product Type (Ready-to-Drink, Bars, Powder), Distribution Channel (Offline and Online), and Region (North America, Europe, Asia Pacific, South America, and RoW) - Global Forecast to 2026", The global meal replacement market has been influenced by changing consumer lifestyles, people are inclined toward meals that are full of nutrition, vitamins, minerals, and other dietary supplements. The growth in the number of health-conscious consumers across the globe is proliferating the demand for meal replacement products.

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Powder segment is the largest market for meal replacement market globally.

Powders are consumed in the form of shakes with the addition of water or low-calorie milk. The rapid adoption of meal replacement powder as a part of weight management will drive the market for meal replacements products. Meal replacement powder is mixed with water or milk of choice (low-calorie, plant-based, low-fat, toned milk, flavored milk, among others) for consumption. These are available in various flavors, the most popular being chocolate, vanilla, and strawberry. Various companies are into the manufacturing of powder form meal replacement products such as Nestle and Huel. Nestle offers meal replacement chocolate cacao powder and has presence in various regions such as Middle East, Africa, North America, Asia Pacific and Europe.

Online segment is witnessing a high growth rate for the meal replacement products during the forecast period.

Online segment is witnessing a high growth rate owing to the rising smartphone and internet penetration, which is increasing the sales of online meal replacement products. COVID-19 has changed the purchasing pattern of the consumers globally. Consumers are now purchasing products online and choosing the health safety and convenience over the offline purchasing experience globally. In addition to this, increasing internet penetration in under developed countries will also drive the online segment growth.

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North America holds the largest market share for meal replacements products in 2021

In 2021, North America accounted for a market share of 29.28% in 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 CAGR of 4.6% during the forecast period.

The key players in this market include Abbott Laboratories (US), Amway (US), Glanbia PLC (Ireland), Herbalife Nutrition (US), and Nestle (Switzerland).

Coconut Oil Market to Showcase Continued Growth in the Coming Years

The report "Coconut Oil Market by Product Type (RBD, Virgin, and Crude), Source (Dry Coconut and Wet Coconut), Application (Food Beverages, Cosmetics Personal Care Products, and Pharmaceuticals), Nature and Region - Global Forecast to 2027", is estimated to be valued at USD 5.7 billion in 2022. It is projected to reach USD 7.4 billion by 2027, recording a CAGR of 5.5% during the forecast period. The global coconut oil market has been influenced by some of the macroeconomic and microeconomic factors witnessed in some key countries. This would prove strong enough to drive the market significantly in terms of value sales during the forecast period. With the rise in demand and preference for natural cosmetic ingredients, the trend of clean-label and plant-based products has significantly boosted the utilization of coconut oil derivatives in the food industry. Coconut oil is used as a thickener and binder, and this enhances its properties, such as smoothness, hardness, gloss, and whiteness.

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Pharmaceutical market is a relatively untapped and small market in comparison to other non-food applications and the rapidly growing food beverage market.

Coconut oil is used as one of the components of cosmetic ingredient, majorly as a smoothening agent and as a source of smooth skin and to improve the dryness of skin and hairs. Companies are focusing on the development of extraction and processing of coconut oil to discover new beauty applications. Coconuts are the primary source of coconut oil. Coconut oil in food and beverages acts as a cooking oil replacer in order to enhance the flavor. It is a source of carbohydrates, which helps in improving digestibility.

Increasing use of Coconut oil in bakery products

Coconut oil is gaining popularity in the US due to several health benefits offered by it; it helps in reducing weight, strengthening the immune system, preventing heart disease, and staving off dementia and Alzheimer’s disease. In the food industry, coconut oil is used extensively in baked products, processed foods, and infant formulas. The use of organic coconut oil in the bakery coupled with the increasing growth of the bakery industry is projected to propel the demand for coconut oil.

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North America is expected to be the third largest market during the forecast period.

North American coconut oil market is completely driven by the US market. The US coconut oil industry has witnessed technological advancement, which has increased its usage in various industries. In the US, coconut oil is primarily used in organic form in the confectionery products a s a health beneficial. It is also used as a base for gelling agents in confections, for thickeners in products such as pastry and pie fillings, and in instant puddings. The growing trend of ready-to-eat meals and processed food is also driving the coconut oil market in the region. Coconut oil is frequently used in food applications due to its functional properties.

The key players in this market include Tate Lyle (UK), Emsland (Germany), Ingredion Incorporated (US), and Avebe (Netherlands).

Growth Opportunities in the Gummy Supplement Market

According to a research report "Gummy Supplements Market by Type (Vitamin Gummies, Omega Fatty Acid Gummies, Collagen Gummies, CBD Gummies), Starch Ingredient (Supplements With Starch, Starchless Systems), Distribution Channel, End User, Functionality & Region - Global Forecast to 2028" published by MarketsandMarkets, the global Gummy supplement market is projected to reach USD 48.5 billion by 2028 from USD 24.6 billion by 2023, at a CAGR of 14.5% during the forecast period in terms of value. The World Health Organization (WHO) estimates that more than two billion people worldwide suffer from micronutrient insufficiency. Iron, vitamin A, and iodine deficiencies are the most prevalent worldwide, particularly in youngsters and pregnant women. Micronutrient deficits are disproportionately prevalent in low- and middle-income counties. Micronutrient deficiencies can induce evident and serious health issues, but they can also produce less clinically noticeable decreases in energy, mental clarity, and overall capacity. This may result in poorer academic performance, decreased productivity at work, and a higher chance of contracting other illnesses and medical disorders. A lot of these inadequacies can be avoided by taking supplements. Thus, consumers are gradually adopting gummy supplements which provide the required number of vitamins, minerals, and other micronutrients in a convenient and tasteful form.

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Vitamin gummies segment is anticipated to have the largest share among gummy types in 2023

The global market for gummy vitamins is currently experiencing tremendous growth. Gummy vitamins typically have delicious fruity flavors and all the necessary micronutrients. Therefore, a lot of individuals choose gummy vitamins over conventional vitamins, especially kids and elder people who have problems swallowing tablets. In the upcoming years, the nutraceutical business is expected to see a significant increase in sales of vitamin gummies. Working-class consumers who seek to balance health factors like folic acid, metabolic health, and glycemic index in an effort to address problems like bone strength, immunity, and vitamin deficiencies will also contribute significantly in the expansion of the gummy supplements market.

The kids segment is projected to grow at the fastest rate among all the other end-users in the Gummy Supplements market in 2023

Gummy supplements have grown in popularity as a convenient way to provide kids with the vitamins and minerals they require without having to consume a range of foods. Gummy supplements meet the changing demands of children. They supply comprehensive nourishment in an uncomplicated way to the kids. They are superior to normal vitamins and more appealing to capture kids' interest and make them easier to ingest. Unlike tablets or pills, gummies are easier for kids to swallow since they are shaped like sweets. Additionally, according to the scientific article titled “Intraindividual double burden of overweight and micronutrient deficiencies or anemia among preschool children”, published in 2020, an estimated 29% of preschool children worldwide are vitamin A deficient, 18% are anemic, and 17% are at danger of low zinc intake. Thus, the soaring rates of micronutrient deficiencies can be reduced with the help of gummy supplements, augmenting its market growth.

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North America region is witnessing the highest growth rate in the Gummy Supplements market

According to a 2022 report from the American Psychological Association, financial troubles, along with a deluge of horrible visuals from Ukraine as Russia, have pushed a majority of Americans to new levels of stress. Hence, although immunity gummies are increasingly popular in the US after the pandemic, interest in gummies that assist mental health and sleep has also been rising.

Additionally, according to the CDC,  the prevalence of metabolic syndrome is estimated at more than 30% in the United States Thus, A vitamin, mineral, or supplement product is normally taken by more than three out of every four Americans to maintain their health. Considering gummies are the most convenient and flavorful form of supplements providing a variety of functionality, the market is rapidly flourishing in this region.

Food Enzymes Market: Growth Opportunities and Recent Developments

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 diverse range of food products, clean label trend, and 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 microorganism, plant, and animal. 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.

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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.

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).  

Water-soluble Fertilizers Market to Witness Unprecedented Growth in Coming Years

According to a research report "Water-soluble Fertilizers Market by Type (Nitrogenous, Phosphatic, and Potassic), Mode of Application (Foliar and Fertigation), Form (Dry and Liquid), Crop Type (Field Crop, Horticulture Crops, Turf & ornaments) and Region - Global Forecast to 2028" published by MarketsandMarkets, the water-soluble fertilizers market is estimated at USD 18.3 billion in 2023 and is projected to reach USD 23.9 billion in 2028, at a CAGR of 5.5%. Water-soluble fertilizers hold an optimum combination of nitrogen, phosphate, and potassium (NPK) along with essential micronutrients. It is readily soluble in water and used for drip irrigation. The increasing cases of nutrient deficiency in crops and plants, along with the growing need for increased agricultural output are factors driving the water-soluble fertilizers market. Since these fertilizers are dissolved in water, the nutrients are readily and efficiently absorbed by the crops. Additionally, the increasing adoption of precision farming, horticulture, and hydroponics, are other factors fueling the demand for water-soluble fertilizers.

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The high demand for nitrogen at all stages of crop growth drives the market

The water-soluble nitrogenous fertilizer dominates the market by type. Nitrogen is a component of the chlorophyll molecule, which enables the plant to capture sunlight by photosynthesis. Nitrogen plays a critical role within the plant to ensure energy availability and yield optimization. Most of the nitrogen is absorbed by the plant through the soil.

The growing popularity of drip and micro irrigation is projected to boost the fertigation mode of application

Fertigation is the technique of supplying dissolved fertilizer to crops through an irrigation system. When combined with an efficient irrigation system, both nutrients, and water can be manipulated and managed to obtain the maximum possible yield. Fertigation is a widely used farming practice that allows growers to save time, resources, and, effort by completing two events at a time: fertilization and irrigation.

The increasing cultivation of horticulture is set to dominate the market during the study period

The science and art of growing and utilizing high-value food and ornamental plants in a sustainable manner is known as horticulture. Horticulture farming aims to enhance our life quality, as well as the beauty, sustainability, and recovery of our ecosystem and the human condition. In recent years, there has been an increase in the cultivation of fruits, vegetables, and decorative indoor plants, which drives the demand for water-soluble fertilizers to increase crop productivity.

Ease of storage increases the demand for the dry form of water-soluble fertilizers.

Fertilizers which are in solid form before application, mixing, or blending are termed as dry fertilizers. Dry ones include granules, powder, etc. Due to the ease of storage, longer shelf life, ease of mixing, and availability of customized blends, growers are increasingly demanding dry forms of water-soluble fertilizer.

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Asia Pacific provides the highest growth prospects for the water-soluble fertilizers market in 2023

Asia Pacific is highly dependent on agriculture, with countries like India and China being agricultural dominant countries. The prime factor contributing to the growth of water-soluble fertilizers in the region is the growing adoption of water-soluble fertilizers to meet the intensifying food demand and escalating population. Additionally, key players like Nutrien (Canada), Israel Chemical Company (Israel), Yara International (Norway), and others have a strong presence and market share in the region, which further boost the vitamin market in the Asia Pacific.

Key players in this market include Nutrien (Canada), Israel Chemical Company (Israel), Sociedad Quimicay Minera De Chile (SQM) (Chile), K+S Aktiengesellschaft (Germany), Yara International (Norway), Haifa Chemicals Ltd (Israel), Compo GmbH (Germany), Coromandel International Ltd (India), The Mosaic Company (US), Hebei Monband Water Soluble fertilizers Co., Ltd (China), Agafert (India), EuroChem (Switzerland), Azoty Group (Poland), Vakichim (Bulgaria), Gujarat State Fertilizers & Chemicals Ltd (India), IFFCO (India), SPIC  (India), Aries Agro Ltd (India), Mangalore Chemicals & Fertlizers Ltd (India), Incitec (Australia).

Animal Disinfectants Market Growth Opportunities by 2027

The report "Animal Disinfectants Market by Application (Dairy Cleaning, Swine, Poultry, Equine, Dairy Ruminants, and Aquaculture), Form (Liquid and Powder), Type (Iodine, Lactic Acid, Hydrogen Peroxide), and Region- Global Forecast to 2027", size is estimated to be valued at USD 3.2 billion in 2022. It is projected to reach USD 4.6 billion by 2027, recording a CAGR of 7.6% during the forecast period. The growth of the animal disinfectants market is attributed to the increasing trade of sanitation amidst this COVID-19 pandemic and increasing demand for meat and other animal products among countries such as Mexico, Brazil, Argentina, the UAE, India, and China. Animal disinfection is a technique that involve cleaning both the animals such as swine, equine, ruminants, poultry, and fishes and the surfaces to guarantee that microbial and other illnesses do not affect the animals or enter the food chain through the production process at the facilities. The animal disinfectants market is witnessing significant growth due to the increasing consumption of meat products in developing countries such as India, China, South Africa, and Brazil, compelling manufacturers to increase production.

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By type, the iodine segment is estimated to account for the largest share in the animal disinfectants market in 2022.

On the basis of product type segment, the iodine segment is estimated to dominate the animal disinfectants market in 2022. In recent years, China is being observed as an emerging country in the animal disinfectants market due to the increasing awareness in sanitation and increasing livestock production. For effective cleaning and disinfection, manufacturers use chemicals such as lactic acid, glycolic acid, phenolic acid, hydrogen peroxide, peracetic acid, and iodine in various chemical disinfection. However, the use use of iodine has dominated the use of all other compounds owing to its easy availability and wide applicability.

By application, dairy cleaning segment is projected to be the fastest-growing segment during the forecast period in the animal disinfectant market

During the forecast period, the dairy cleaning segment is projected to grow at the highest CAGR in the animal disinfectants market, in terms of value. Disinfectants are widely used in the dairy industry for cleaning dairy equipment. The cleaning of dairy cattle involves removing equipment and bedding before cleaning. The nature of the surfaces will influence the disinfection process. Rough and porous surfaces are difficult to disinfect in comparison to smooth surfaces. Both the milking parlor and milking machines must be cleaned daily to ensure more hygienic products.

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The Europe is estimated to dominate the animal disinfectant market in 2022

The Europe is estimated to account for the largest market share in the animal disinfectants market in 2022. The disinfectant industry in Europe offers the animal disinfectants market a large consumer base with opportunistic growth prospects. The growth of this market in the region is projected to be driven by developments in the livestock and meat industry in the Eastern European countries. Increasing consumption of meat products in this region has also compelled manufacturers to source and export of animal disinfectants to other parts of the world for an uninterrupted supply of advanced disinfectants.

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 Neogen Corporation (US), GEA (Germany), Lanxess AG (Germany), Zoetis (US), Kersia Group (France), CID Lines (Belgium), Albert Kerbl GmbH (Germany), PCC Group (Germany), Laboratoires Ceetel- CMPC (France), G SheperdAnimal Health (UK), Sanosil AG (Switzerland), DeLaval Inc. (Sweden), Diversey Holdings Ltd. (US), Fink Tec GmbH (Germany), Evans Vanodine International PLC (UK), Virox Animal Health (Canada) and Kemin Industries (US)

Biostimulants Market to Record Steady Growth by 2027

The global biostimulants market is estimated to be valued at USD 3.5 billion in 2022. It is projected to reach USD 6.2 billion by 2027, recording a CAGR of 11.8% during the forecast period. Food and agricultural production systems worldwide are facing unprecedented challenges, from the increasing demand for food for a growing population, rising hunger and malnutrition, adverse climate change effects, overexploitation of natural resources, loss of biodiversity, and food loss and waste. These challenges can undermine the world’s capacity to meet its food needs now and in the future.

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According to FAO, in 2021, organic agriculture will be practiced in 187 countries, and 72.3 million hectares of agricultural land will be managed organically. The global sales of organic food and drinks reached more than USD 103.68 billion in 2019. There is a paradigm shift in India post the COVID-19 pandemic as consumers began to buy more organic foods as a preventive health measure. Organically grown fresh fruit has taken a leading position in international trade. The production and sales of organic food are from developed countries, but even developing countries have begun to produce and export organic foods and products. According to APEDA, India is the leading exporter of organic tea and coffee, spices, and condiments. India also exports organic fruits and vegetables. The rich nutritional value of organic fruits and vegetables is the main reason for their demand in the domestic and global markets. Organic foods have more antioxidants than conventionally grown varieties, making them more beneficial for health, including cancer prevention.

Opportunities: Growing demands for seed treatment

According to MarketsandMarkets insights, there is a growing demand for biostimulant treated seeds globally. The production of high-quality and effective seeds is essential for obtaining a higher crop yield. Biostimulants facilitate an increase of seed vigor during the crucial growth phases, due to which they are being used globally for seed treatment purposes. In addition, many companies have already started exploring this segment with increased investments in RD activities. The right combination of synthetic crop protection and biological-based seed treatments is proving to be useful. Cotton seedlings were the first to be treated on a large scale with biological solutions in the US in 1999; the industry has grown since. Seed treatment provides an efficient mechanism for enhancing the activity of seeds in the soil environment, where they are appropriately positioned to colonize seedlings and roots and protect them against soil-borne diseases and pests.

Nanoencapsulation Technology to Create New Effective Products is one of the Major Trends

Natural antimicrobials and biostimulants hamper the negative impact of agrochemicals, and their delivery needs a proper carrier system. Nanoencapsulation technologies are widely applied in the field of food and pharmaceuticals and are rapidly taking center stage in agricultural applications. Nanoencapsulation techniques such as those based on lipid-based delivery systems, electro-spinning, electro-spraying, and complex coacervation are being developed. New-generation delivery systems, such as nanostructured lipid carriers, solid lipid nanoparticles, and biological nanocarriers, are proving to be highly effective with their functionalities for entrapping bioactive compounds. With a substantial improvement over conventional agricultural methodologies, these promising nanoencapsulation technologies have tremendous scope for the effective and sustained release of bioactive for precision crop protection and production.

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Europe dominated the biostimulants market and is projected to grow at a CAGR of 11.5% during the forecast period.

Europe accounted for the largest share in the biostimulants market in 2021. An increase in land degradation, the need for quality parameters, and the need for high product yield have strengthened the European regulatory authorities demand for clean and sustainable input solutions. The concept of organic production has also gained popularity among farmers and consumers in the last decade. The need for organic products, such as biostimulants, has seen a rising trend in the EU. This has boosted various European biostimulant companies expanding their global network to reach the untapped market. The region has also launched the ‘European Green Deal’ initiative, which aims to expand the use of sustainable practices, such as precision agriculture, organic farming, agroecology, agroforestry, and stricter animal welfare standards. The new ‘Farm to Fork’ Strategy aims at reducing the environmental and climate footprint of the EU food system, strengthening its resilience, ensuring food security, facilitating the transition toward competitive sustainability from farm to fork, and making use of new business opportunities.