Functional Proteins Market to Record Steady Growth by 2025

The global functional proteins market is expected to reach at a CAGR of 5.6% during forecast period, the global market will reach a value of 6.1 BN by 2025. The base value is considered USD 4.6 Bn in 2020. Hectic lifestyles, busy schedules, and the rise of chronic diseases such as diabetes and obesity are shifting consumer preferences toward adopting healthier diets and nutritional supplements to prevent the onset of chronic ailments. Hence, the inclusion of functional proteins in consumers’ diets is on the rise. Furthermore, the steadfast economic development of countries and the rising per capita income of the millennial population is fueling the demand for functional proteins, as consumers can now afford to purchase higher-priced functional food products on account of their increased disposable income.

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Drivers : Rise in prevalence of chronic lifestyle diseases to drive the market growth

There is a significant rise in the number of people suffering from chronic ailments, such as obesity, diabetes, blood pressure, and cardiovascular diseases. Hence, consumers across regions have become more health-conscious and are focusing on adopting a healthier balanced diet. This shift in consumer preferences has risen on account of the high degree of chronic diseases prevailing in the population. Diseases like diabetes, cholesterol anomalies, and obesity are key factors that are projected to drive the overall functional proteins market.

The growing health and wellness trends among consumers due to chronic diseases will further drive the demand for functional proteins in the daily dietary intake of consumers. Consumers are also seeking options that provide the right combination of nutrition and taste, which leads to a rise in demand for functional proteins, which is further projected to contribute to the growth of the market.

Opportunities: Technological advancements in the functional proteins market

The recent advancements in technologies, such as microarray technology, protein hydrolysis, and protein powder manufacturing, to promote health benefits are highly likely to present growth opportunities for the key players in the functional proteins market. Numerous innovations have been observed in high throughput protein production.

New technological developments, such as the heat-stable form of whey protein, are expected to impact the global functional proteins market positively. Novel varieties of soy proteins that do not change the texture of baked goods have also been developed. Furthermore, recent advancements in the development of colostrum milk on account of exhibiting significant functional properties aimed at improving hormone growth are expected to drive the increase in consumption of functional proteins, creating growth opportunities for the market.

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North America is projected to account for the largest market during the forecast period

North America is projected to dominate the market during the forecast period owing to the high prevalence of chronic diseases in countries such as the US. Whey protein concentrates are gaining traction as consumers are shifting to dairy proteins to fulfill their nutritional requirements. On the other hand, there has been an increase in the number of vegan consumers, majorly in the North American and European regions. Emerging markets in economies such as the Asia Pacific countries are going to be potential markets for functional protein manufacturers.

World’s Largest Functional Protein Brands:

Key players in this market include ADM (US), DuPont (US), Cargill (US), Ingredion (US), Arla Foods (UK), Roquette (France), BASF (Germany), Glanbia (Ireland), Fonterra (New Zealand), DSM (Netherlands), FrieslandCampina (Netherlands), Essentia Protein Solutions (UK), Amai Proteins (Israel), Mycorena (Sweden), Merit Functional Foods (Canada), Plantible Foods (US), BENEO (Germany), ProtiFarm (Gelderland), Omega Protein (US)

Brewing Ingredients Market to Record Steady Growth by 2026

The brewing ingredients market is projected to grow at a CAGR of 6.8% to reach USD 47.9 billion by 2026. It was estimated at USD 34.5 billion in 2021. The rise in demand for beers from all over the globe coupled with increasing consumption of craft beers will drive the market demand and growth of brewing ingredients globally.

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Increasing demand for low- or zero-alcohol content beer

With changing lifestyles, there is an increase in health awareness. This awareness has created a demand for healthier products in the food & beverage industry. Due to this, the demand for beer with low-alcohol content is increasing. According to the ADM survey, in 2020, a total of 51% of consumers are looking for items that contribute to their metabolic health to promote healthy weight. Low-alcohol products are no longer considered inferior ones. On the other hand, these products are more in demand, as they offer the taste and experience of alcohol - minus the guilt. Consumers are looking for beers with high protein and other nutritious content and reduced carb, sugar, and alcohol content.

Opportunity: Introduction of new flavors in beer

The increase in beverage consumption has led to intense competition amongst beer brands, resulting in the introduction of new flavors and increasing beer consumption. There is a growing popularity for craft beers as it offers various flavors besides the regular flavors offered by macro breweries. The introduction of new ingredients and innovative flavors, combining salty, fruity, and tart flavors, by craft beers, has found an increasing appeal among the millennial crowd globally. Some of the macro brewers are also acting on to respond to these changing demands from consumers. For example, Heineken USA, in 2021, launched Dos Equis Lime & Salt variety pack of lager beer. Similarly, Latambarcem Brewery (India), in 2020, launched a new craft beer brand called Maka di that currently serves four brews: Honey Ale, Belgian Tripel, Bavarian Keller, and Belgian Blanche. The introduction of these new flavors is projected to increase the sales and consumption of beer. Thus, this is anticipated to provide ample opportunities to players operating in the global market.

By source, the malt extract segment is estimated to hold the largest share in the brewing ingredients market

The market includes five major sources: malt extract, adjuncts/grains, hops, beer yeast, and beer additives. The malt extract segment is further bifurcated into standard malt and specialty malts. Brewing-grade malt extracts are made with the highest-quality brewing malts and get additional colors and flavors from using specialty malts. This gives beer the unique character and flavor desired for the particular style brew. These malts often have a longer time in the kiln, at higher temperatures, or get roasted to add depth, complexity, and flavor to the resulting beer. Specialty malts include less in the way of sugars but have a greater influence on the color of the beer. These malts are widely used in craft beers.

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The increasing demand for beers in the Asia Pacific countries drives the region's growth rate at a higher pace.

The Asia Pacific region comprises two high-growth economies: India and China. The drinking preferences of the population in this region are gradually shifting toward alcoholic culture. The large, increasing population and the growing market mean that the demand for brewing ingredients is still promising. Another factor is the densely populated areas that are not completely tapped by beer manufacturing and brewing ingredient companies. Hence, beer produced in macro breweries and craft breweries still has a high-growth rate. Moreover, the increasing spending capacity of consumers has led to a surge in demand for craft beers. There has been an emergence of various craft breweries in countries such as India over the last few years.

The key players in this market include Cargill, Incorporated (US), Angel Yeast Co. Ltd. (China), Boortmalt (Belgium), Malteurop Groupe (France), Rahr Corporation (US), Lallemand Inc. (Canada), Viking Malt (Sweden), Lesaffre (France), Maltexco S.A. (Chile), and Simpsons Malt (UK). These players in this market are focusing on increasing their presence through new product launches and expansions. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

Carotenoids Market to See Major Growth by 2026

The carotenoids market is projected to grow from USD 1.5 billion in 2019 to USD 2.0 billion by 2026, recording a CAGR of 4.2% during the forecast period. This is attributed to the increasing awareness regarding the potential benefits of caortenoids in preventing heart diesaes, cancer, and treating eye disorders, parkinson’s disease, alzhmier’s disease and macular denegraton. Moreover, carotenoids has high antioxidant properties and helps in slowing the ageing process. These factors have made carotenoids a popular preference among consumera and players in food industry.

Furthermore, consumers across the world are demanding clean-label products due to increasing concnern over use of synthetic ingredients in food. This has driven the demand fornatural colorants in food industry and carotenoids being a red pigment is now being widely applied in meat industry to impart color to products such salmon, trout, and other meat and seafood products.

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The lutein segment is projected to grow at the highest rate during the forecast period

The lutein segment, on the basis of type, is projected to grow at the highest CAGR, in terms of value, during the forecast period. Lutein is synthesized by plants and found in some of the major food items, such as egg yolks, carrot, spinach, kale, squash, grapes, and pepper. It is used in both, human nutrition and animal nutrition products. Its wide acceptability due to its ability to treat age-related eye disorders, including cataracts and macular degeneration, is a key factor driving its demand.

By application, the feed segment is estimated to account for the largest market share in 2019 in the carotenoids market

Carotenoids are extensively used in animal nutrition products due to their coloring properties and are incorporated in feed to pigment the egg yolks, broiler skin, fishes, and crustaceans. These also help in increasing the immunity and improving the health of livestock by enhancing the quality of nutrition. The fertility of cattle, swine, and horses can be improved by feeding beta-carotene, whereas astaxanthin and canthaxanthin help in improving the growth of salmons and larval fishes.

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Europe is projected to account for the largest share in the carotenoids market during the forecast period

The European market accounted for the largest share in 2018 due to the presence of leading manufacturers, such as Koninklijke DSM (Netherlands), BASF (Germany), Chr. Hansen (Denmark), and Dohler Group (Germany). Further, the increase in the aging population in the region has led to a surge in demand for lutein, lycopene, and beta-carotene to treat cataract and reduce the risk of diabetes, cancer, and other heart-related issues. Although synthetic carotenoids account for a high share in the market, consumers prefer opting for natural and clean label products, which is projected to drive the growth of the naturally-sourced carotenoids market in this region.

Food Pathogen Safety Testing Equipment and Supplies Market to Record Steady Growth by 2028

According to a research report "Food Pathogen Safety Testing Equipment and Supplies Market by Type (Systems, Test Kits, and Microbial Culture Media), Site (In-House, Outsourcing Facility, and Government Labs), Food Tested and Region - Global Forecast to 2028" published by MarketsandMarkets, the food pathogen safety testing equipment and supplies market is estimated at USD 7.4 billion in 2023 and is projected to reach USD 10.4 billion by 2028, at a CAGR of 7.1% from 2023 to 2028. The increasing awareness of foodborne illnesses and their potential impact on consumers' well-being has led to a higher demand for advanced testing methods. The stringent regulatory environment surrounding the food industry has also been instrumental in shaping the market. With food safety being a paramount concern for consumers, regulatory bodies have imposed rigorous standards to ensure the quality and safety of food products. As a result, food manufacturers are under immense pressure to adhere to these regulations, leading them to invest significantly in innovative pathogen testing technologies to maintain compliance.

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Another critical driver in this market is the potential damage to the brand reputation of food manufacturers in the event of foodborne outbreaks. In today's digital age, where information spreads rapidly through various media channels and social networks, a single incident of contaminated food can lead to a severe and immediate impact on a brand's image. To safeguard their reputation and maintain consumer trust, food manufacturers are proactively implementing comprehensive pathogen safety testing protocols. The globalization of the food trade has also played a pivotal role in shaping the market's trajectory. As food products are increasingly traded across international borders, the risk of pathogen contamination escalates due to differing food safety standards and practices. This has further propelled the demand for sophisticated pathogen testing equipment and supplies, as manufacturers must ensure the safety and integrity of their products throughout the complex global supply chain.

The test kits in the by-type segment are estimated to grow at the highest CAGR during the forecasted period.

Test kits are known for their efficiency, simplicity, and rapid results, making them accessible and user-friendly for a wide range of stakeholders, including small and medium-sized food businesses. Moreover, the stringent implementation of food safety regulations and the escalating consumer demand for pathogen-free food products have further propelled the adoption of test kits within the industry. Leveraging advanced technologies, like nucleic acid amplification, these kits enable highly sensitive and specific pathogen detection, ensuring accurate and reliable results, thereby bolstering confidence in food manufacturers and regulatory authorities alike. Ongoing research and development efforts in the field continue to enhance test kit performance, solidifying their pivotal role in streamlining pathogen detection processes.

Fruits & vegetables by food tested segment are anticipated to grow at the highest CAGR in the food pathogen safety testing equipment and supplies market.

As consumers become more health-conscious and demand safe and contaminant-free food products, regulatory authorities and food manufacturers alike are prioritizing the implementation of rigorous testing measures for fruits and vegetables. Fruits and vegetables have been identified as potential sources of foodborne illnesses due to their susceptibility to contamination from various pathogens. This heightened vulnerability has led to heightened scrutiny and stringent regulations, necessitating the use of cutting-edge pathogen safety testing equipment and supplies. Additionally, the growing awareness among consumers regarding the health benefits of consuming fresh and unprocessed produce further intensifies the need for reliable testing methods.

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North America is estimated to grow at a significant CAGR in the food pathogen safety testing equipment and supplies market.

North America's food pathogen safety testing equipment and supplies market is experiencing significant growth, with a significant CAGR. The region's commitment to stringent food safety regulations enforced by bodies like the FDA and CFIA drives the demand for innovative testing solutions to ensure compliance and protect public health. Additionally, rising consumer awareness of foodborne illnesses has heightened the demand for safer food products, prompting the adoption of advanced pathogen detection technologies. North America's diverse and robust food processing industry, spanning agriculture to distribution, further fuels the market as businesses seek to safeguard domestic and international trade interests. Embracing innovation and automation, North American companies are investing in sophisticated testing equipment to streamline processes and enhance accuracy. The region also has a large number of major players engaged in manufacturing food pathogen safety testing equipment and supplies.

Major key players operating in the food pathogen safety testing equipment and supplies market include Thermo Fisher Scientific Inc. (US), Bio-Rad Laboratories, Inc. (US), Merck KGaA (Germany), Neogen Corporation (US), BIOMÉRIEUX (France), Agilent Technologies, Inc. (US), QIAGEN (Germany), Shimadzu Corporation (Japan), Bruker (US), and PerkinElmer Inc. (US).

Agricultural Sprayers Market to Showcase Continued Growth in the Coming Years

The Agricultural Sprayers Market is projected to reach USD 3.5 billion by 2027, recording a CAGR of 6.8% during the forecast period. It is estimated to be valued at USD 2.5 billion in 2022. Farming equipment are essential to enhance crop yield and cut down the labor cost. Over the past few years, agricultural sprayers have become important for farmers for spraying fertilizers, as well as other chemicals such as herbicides and pesticides during the harvest time as per the need. Technological developments permit farmers to apply chemicals in an effective manner. Therefore, the market for agricultural sprayers has gained a momentum because change in farming techniques and technological adoption. The global market can be classified based on type, farm size, nozzle type, power source, capacity, crop type, usage, and region.

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Driver: Growing focus on farm efficacy to increase yield

Farmers or growers are not only faced with different challenges associated to farm functions but also various market challenges. Some of the market challenges include fluctuating prices, uncontrollable weather conditions, finding buyers for their product, and lack of natural resources. The newer technology versions of agricultural sprayers have provided various benefits to the farmers, such as low cost, increased spray efficiency, safety, and less damage to the crops and environment. This is substantially increasing the demand for agricultural sprayers in the global market.

Restraint: High capital investment is needed for technologically-advanced farm equipment

New farming technologies such as GPS, drones, and GIS to collect input data, variable rate technology, and satellite devices are expensive as compared to other non-tech devices and need huge capital investment. The majority of the farmers are marginal farmers or small landholding farmers who find it difficult to invest in expensive equipment. This restraint is particularly high in developing countries such as India, China, and Brazil. Currently, most developing countries are importing farming equipment from other countries, which increases the product cost, which in turn expected to lower the market growth of agricultural sprayers in near future.

The cereals segment holds the largest market share in the global agricultural sprayers market

The cereals segment comprises corn, rice, wheat, barley, and other cereals & grains. The use of agricultural sprayers helps farmers cover larger farm sizes and protect crops, resulting in higher crop yield. Agricultural sprayers involve high demand from cereal producers to increase crop yield. The market for agricultural sprayers is expanding as a result of the growing demand for grains and cereals in consumers' diets.

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Asia Pacific dominated the agricultural sprayers market, with a value of USD 932.2 million in 2021; it is projected to reach USD 1430.4 million by 2027, at a CAGR of 7.5% during the forecast period.

In developing countries, the markets for agri-food products are changing rapidly, becoming increasingly open and homogenized toward international standards. Acquiring technical know-how and financial resources to incorporate standards such as quality assurance, safety, and traceability is difficult to do as it marginalizes many small and medium farms and agro-enterprises. Adoption of Unmanned aerial vehicles (UAVs) in Australia, high dependency on agriculture in India, and increasing export of agricultural machineries in China are some of the important factors fueling the Asia-Pacific agricultural sprayers market growth in the near future.

Food Inclusions Market Growth Opportunities by 2027

The food inclusions market is projected to reach of USD 18.7 billion by 2027, recording at a CAGR of 6.9%. It was estimated to be valued at USD 13.4 billion in 2022. The changing dynamics, owing to the factors such as the changing consumer requirements, industrial investments, R&D, increasing stringency of food regulations, and greater urge among industry players to attain the market leadership position, have led to continuous innovations in product offerings by market players, which are aligned with consumer demand.

Food inclusions have enabled food & beverage manufacturers to improve organoleptic properties, especially in terms of flavor, taste, texture, and appearance. As a result, mass-marketed products and products such as oats and cereal specifically targeted at health-conscious consumers are gaining significant demand from consumers, owing to their inclusion content. The use of inclusion has also aided product manufacturers in adopting and continuing with their marketing strategies and positioning their products as "healthy" without violating the prevailing norms of food labeling.

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Opportunities: Product premiumization, functional food products, and resultant new product development to present growth opportunities

Premiumization of products is gaining global significance, with consumers increasingly willing to spend extra on premium products. The word "premium" is associated with the aspect of "quality" and "indulgence" along with other factors, such as "safety." Owing to this, consumers prefer to pay that little extra in mark-up price. As the trend of premiumization is on the rise, it presents an opportunity for growth in the range of premium products for food inclusion manufacturers. The category of functional food segments within premium products currently offers significant opportunities for growth in the consumption of food inclusions.

By application, the cereals products, snacks & bars segment is projected to dominate the food inclusions market in the forecasted period.

Food inclusions, with their ability to enhance organoleptic properties and nutritional profile, are ideal ingredients for addition in cereal products, snacks & bars, as they enhance product appeal. Consequently, inclusions are significantly consumed for use in products in this category, as their content has become the Unique Selling Proposition (USP) and core factor of product marketing.

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The Asia Pacific is estimated to be the fastest-growing region in the global food inclusion market in 2021. The Asia Pacific food inclusion market countries include China, India, Japan, Australia, New Zealand, and the Rest of Asia Pacific.

The immense growth in the processed food industry and the growing consumer demand for convenience food such as bakery products, breakfast cereals, and snack bars in food products are the major factors driving the food inclusion market growth. Other major factors that drive the food inclusion market growth are changes in consumer tastes and preferences, increasing population density and education level, increasing health awareness of the population, and rising economic status and living standard of people.

This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as ADM (US), Sensory Effects (US), Barry Callebaut (Switzerland), AGRANA Beteiligungs-AG (Austria), Taura Natural Ingredients Ltd. (New Zealand), and Nimbus Foods Ltd (UK).

Frozen Food Market Projected to Garner Significant Revenues by 2025

The frozen food market size was valued at USD 244.3 billion in 2020 and is projected to reach a value of about USD 312.3 billion by 2025, at a CAGR of 5.0%. Developments in the retail landscape, rising demand for convenience food, and technological advancements in the cold chain market are the major driving factors for the market. On the other hand, the rising preference for fresh and natural food products is a restraining factor for the frozen food market.

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Drivers: Rising demand for convenience food

The increasing consumer preference toward convenience foods indirectly favors the increasing demand for frozen products as they require less time and effort as compared to cooking from scratch. The processed food market is driven by the greater need for convenience due to the busy lifestyles of consumers. This, in turn, increases the demand for frozen products. Increasing disposable income is also one such factor that has a huge influence on the growth of the frozen food market as it increases the buying power of consumers.

Restraints: Rising preference for fresh and natural food products

To some consumers, frozen food is thought of as a product that is an inferior substitute for fresh food, which is one of the major restraints for this market. There is a notion that food processed a year or more before it is consumed could not be nutritious. However, statements such as “frozen produce can be just as good as the fresh stuff in terms of nutrition” from the US Food and Drug Administration (FDA) and the International Food Information Council (IFIC) about the nutrient content of frozen food are changing the consumer perception. Nutrients such as vitamin C and folate can change with the change in temperature while food items stored at varying temperatures can lose their nutrients. Since frozen foods are stored at a constant low temperature, they do not lose such essential nutrients.

The convenient & ready meals segment is estimated to dominate the global market in 2020.

By product, the convenient & ready meals segment is estimated to dominate the global market in 2020. This is due to the changing and busy lifestyles of people, globally, which has increased the consumption of frozen foods, globally. Frozen foods are easy to prepare and take less time for preparation. They are healthy and have high nutritional value. Frozen food export business has also increased in recent times due to the high acceptance of these products among consumers and brand awareness among developing countries.

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Europe accounted for the largest share in the frozen food market

Europe accounted for the largest market share in the market. Population growth, rapid urbanization, and the rise in consumer awareness about the benefits of frozen food are the key factors driving the demand for frozen food in the region.

The key players in this market include General Mills Inc (US), Conagra Brands, Inc. (US), Grupo Bimbo S.A.B. de C.V. (Mexico), Nestle SA (Switzerland), Unilever (Netherlands), Kellogg Company (US), McCain Foods Limited (Canada), Kraft Heinz Company (US), Associated British Foods plc (UK), Ajinomoto (Japan), Vandemoortele NV (Belgium), Lantmannen Unibake International (Denmark), Cargill (US), Europastry S.A. (Spain), JBS (Brazil), Kidfresh (US), Aryzta (US), Kuppies (India), OOB Organics (New Zealand), Omar International Pvt Ltd (India), Bubba Foods (US), Shishi He Deming (China), and Smart Price Sales & Marketing (US), Chevon Agrotech Pvt Ltd (India), and Omar International Pvt Ltd (India).