Starter Culture Market Projected to Reach $1,314 Million by 2025, at a CAGR of 5.3%

The report "Starter Culture Market by Microorganism (Bacteria, Yeasts, Molds), Application (Dairy & Dairy-based Products, Meat & Seafood), Composition (Multi-strain Mix, Single Strain, Multi-strain), Form, and Region - Global Forecast to 2025", The global starter culture market size is estimated to be at USD 964 million in 2019 and is projected to reach USD 1,314 million by 2025, at a CAGR of 5.3%. Increasing awareness among manufacturers regarding the benefits of starter culture, growing application in cheese & other dairy products, and rising demand for fermented meat & dairy products are some of the main drivers for the growth of the starter culture industry.

Based on product form, the freeze-dried segment is projected to be the more substantial contributor in the starter culture market during the forecast period

The starter culture market has been segmented based on product form into freeze-dried and frozen. The demand for freeze-dried cultures is projected to record higher CAGR between 2018 and 2023. Freeze-dried cultures are easier to maintain and transport while also maintaining the stability of the cultures. They are easier to store and are comparatively inexpensive, without the need for significant additional cold-chain support.

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Consumer awareness regarding the benefits of starter culture drives the market for dairy & dairy products

The starter culture market is segmented on application into dairy & dairy products, meat & poultry products, seafood, and others. The dairy & dairy products segment is dominant in the application segment due to the growth of starter cultures in the cheese industry. The demand for dairy and dairy-based products is projected to record the highest CAGR between 2019 and 2025 with the growing demand for dairy-based products across the world.

Europe is projected to account for the largest starter culture market share by 2025.

Europe is projected to account for the largest market share by 2025. The region has some of the leading manufacturers of starter cultures in this world. The combined output of the EU-28 countries in the global dairy industry contributes 44% to global dairy production. Also, the overall starter culture market in Europe is driven by the growing demand for fermented dairy-based products.

The report includes a study of the marketing and development strategies, along with the product portfolios, of the leading companies. It includes profiles of leading companies such as CHR Hansen (Denmark), DowDuPont (US), Sacco S.R.L (Italy), CSK Food Enrichment B.V. (Netherlands), THT S.A. (Belgium), Dalton Biotechnologies (Italy), Biochem S.R.L (Italy), Mediterranea Biotechnologie SRL (Italy), Royal DSM N.V (Netherlands), and LB Bulgaricum (Bulgaria).

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Critical Questions the Report Answers:

• Where will all these developments take the industry in the mid to long term?
• What are the upcoming industry applications for starter cultures?
• What is the impact of the dairy industry on starter cultures?
• What are the new technologies being introduced in starter cultures?
• What are the latest trends in starter cultures?

Feed Antioxidants Market to Showcase Continued Growth in the Coming Years

The report "Feed Antioxidants Market by Type Synthetic (BHT, BHA, Ethoxyquin, and Propyl Gallate) and Natural (Carotenoids, Tocopherols, Botanical Extracts, and Vitamins), Animal (Poultry, Swine, Aquaculture, Cattle, and Pets), Form, Region - Global Forecast to 2025", is estimated at USD 356 million in 2019 and is projected to grow at a CAGR of 4.9% from 2019 to 2025, to reach USD 474 million by 2025. Factors such as a rise in demand for quality feed, improved technology for feed production, and an increase in the standardization of meat products stimulate the growth of the feed antioxidants market across the globe.

The powder segment for dry feed antioxidants is projected to account for the largest market share, by form

The powder form of feed antioxidants dominated the dry segment. Powders are estimated to witness higher demand as they are convenient to coat over the feed. In addition, as the size of the powder form is consistent, it helps to be coated on the feed easily. Antioxidants such as carotenoids, ethoxyquin, BHT, BHA, and TBHQ are available in this form. These antioxidants are preferred as they are also easy to use in combination with other feed antioxidants.

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The poultry segment is projected to account for the largest feed antioxidants market share, by animal

In poultry production, one of the major factors for feed is the cost; hence, reducing feed costs per bird is a priority. Poultry production has to be efficient as feed has to be converted into meat and eggs. Feed costs can be reduced by adding feed additives such as enzymes and antioxidants, which increase digestibility and prevent the loss of nutrients, with the result that the poultry gains more nutritional value from the same amount of feed. Companies such as Cargill, Koninklijke DSM N.V., and Kemin provide feed antioxidants such as carotenoids, tocopherols, synthetic antioxidants and citric acid, BHT, butylated hydroxyanisole (BHA), and tocopheryl acetate for the poultry industry.

The Asia Pacific region is projected to account for the largest market share during the forecast period.

Asia Pacific accounted for the largest share of the feed antioxidants market in 2018. Asia Pacific, being the largest continent with a relatively fast economic development, is witnessing a rising demand for meat. Consequently, to produce quality meat, feed antioxidants are gaining importance and being incorporated to prevent spoilage and increase shelf-life.

This report includes a study of marketing and development strategies along with the product portfolios of leading companies in the feed antioxidants market. It includes the profiles of leading companies such as Cargill (US), Archer Daniels Midland Company (US), Koninklijke DSM N.V. (Netherlands), BASF SE (Germany), Nutreco (Netherlands), Kemin (US), Adisseo (France), Perstorp (Sweden), Alltech (US), Caldic (Canada), Novus International (US), Chemical Fine Sciences (India), Oxiris Chemical (Spain), VDH ChemTech (India), Zhejiang Medicine (China), BTSA (Spain), Bertol Company (Czech Republic), FoodSafe Technologies (US), Videka Company (US), Lallemand Animal Nutrition (Canada), and Industrial Tecnica Pecuaria (Spain).

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Key Questions Addressed by the Report:

• What are the growth opportunities in the feed antioxidants market?
• What are the major and new product launches in the feed antioxidants market?
• What are the significant trends that are disrupting the feed antioxidants market?
• What are some of the major regulatory challenges and restraints that the industry faces?
• Which region is projected to emerge as a global leader by 2025?

Upcoming Growth Trends in the Organic Feed Market

The global organic feed market size is estimated to be valued at USD 6.8 billion in 2019 and is projected to grow at a CAGR of 6.8% from 2019 to reach a value of USD 10.1 billion by 2025. The increasing instances of animal product contamination due to pesticides and insecticides, rising demand for organic food products, growing organic livestock farming, and adaption of organic farming practices by farmers due to the increasing health concerns among consumers are some of the key factors that are projected to drive the growth of the global organic feed market. Developing countries in Asia Pacific and South American regions are projected to create lucrative growth opportunities for organic feed manufacturers in the coming years.

By type, the cereal & grains segment is projected to dominate the organic feed market during the forecast period.

The cereals & grains segment is estimated to account for the largest share, on the basis of type, in the organic feed market in 2019. Cereals and grains include wheat, corn, and barley. The high growth in the Asia Pacific region is attributed to the increasing awareness about the benefits of feeding organic cereals and grains to livestock, to maintain their nutrient requirements and enhance their growth, and fulfill the rising demand for organic food. High availability of cereals and grain crops in Europe and Asia Pacific due to the increasing organic farmland practices in most of the countries in the region is also one of the key factors driving the growth of the segment.

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By livestock, the poultry segment is projected to dominate the organic feed market during the forecast period.

The poultry segment, on the basis of livestock, is estimated to account for the largest share in the organic feed market in 2019. The poultry industry is the largest and also the fastest-growing sector that witnesses high organic production. Poultry meat is consumed across regions, and unlike beef and swine, it does not have any religious constraints. The increasing concerns about animal health and the rising awareness pertaining to the benefits of organic feed feedstuffs have contributed to the growth of this market. Due to the increase in organic poultry production and the rise in demand for organic meat, the meat producers are focusing on investing in organic rearing of livestock to produce meat, dairy, and other by-products from animals.

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

North America is projected to be a key revenue generator for organic feed manufacturers due to the increased demand in the US. North America witnesses various key players operating in the organic feed market. These include Cargill (US), SunOpta (Canada), and Purina Animal Nutrition LLC (US). The demand for organic feed products remains high in the poultry segment in the region. The US is among the largest producers and consumers of corn, wheat, and soybean at a global level. These ingredients are majorly used in the feed industry, as they increase their nutrient quotient. Due to the rising consumer preferences for natural ingredients, the demand for these ingredients is projected to increase in the coming years.

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In Canada, some of the small scale players are focusing on offering organic feed for poultry, swine, and ruminants. In Mexico, the demand for organic poultry products, such as eggs and poultry meat, is projected to create lucrative opportunities for organic feed manufacturers. Milk is also projected to increase the demand for organic feed products among ruminant livestock, as consumers opt for organic dairy products in the region. Thus, North America is projected to offer high growth prospects for organic feed manufacturers in the coming years.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies, in the organic feed market. It consists of the profiles of leading companies, such as Cargill (US), BernAqua (Belgium), Country Heritage Feeds (Australia), ForFarmers (Netherlands), SunOpta (Canada), Ranch-Way Feeds (US), Aller Aqua (Denmark), Purina Animal Nutrition LLC (US), Scratch and Peck Feeds (US), Cargill (US), K-Much Feed Industry Co., Ltd (Thailand), The Organic Feed Company (UK), B&W Feeds (UK), Feeddex Compaies (US), Country Junction feed (US), Green Mountian Feeds (US), Unique Organic (US), Kreamer Feed (US), Yorktown Organics, LLC (US), and Hi Peak Feeds (UK).

Bioinsecticides Market: Growth Opportunities and Recent Developments

The global bioinsecticides market size is projected to grow at a CAGR of 15.8% from an estimated value of USD 2.2 billion in 2020 to reach USD 4.6 billion by 2025. The increasing area under organic cultivation and growing concerns toward the impact of pesticide use on biodiversity is leading to the growth of the bioinsecticide industry.

The role of Integrated Pest Management (IPM) practices in biological crop protection has been gaining importance worldwide. The government has been supportive of the adoption of bioinsecticides through imposing laws and policies, which are in sync with the sustainability of the environment. Strategic developments such as expansions, new product launches, collaborations, and agreements have been adopted by the majority of key players to strengthen the bioinsecticides market.

Report Objectives:

• To describe, segment, and project the global market size for the bioinsecticides market
• To offer detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
• To evaluate the micro-markets, concerning individual growth trends, prospects, and their contribution to the total bioinsecticides market
• To propose the size of the submarkets, in terms of value, for various regions
• To profile the major players and comprehensively analyze their core competencies
• To understand the competitive landscape and identify the major growth strategies adopted by the players across key regions
• To analyze the competitive developments such as expansions & investments, mergers & acquisitions, new product launches, partnerships, joint ventures, and agreements

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Fruits & vegetables are estimated to form the most important segment in the bioinsecticides market.

Fruits & vegetables form the fastest-growing segment in the bioinsecticides industry. There is high growth in the cultivation of greenhouse high-value crops. The demand for high-quality crops with no residue and an increase in demand for organic food is driving the market growth. With the increasing cultivation, heavy infestation of insect pests in the crops is witnessed, which deteriorates the quality and overall appearance of the produce. This results in a huge loss of crops, leading to a decline in the economy of the countries, especially those that significantly rely on agriculture. Therefore, farmers have been using the bioinsecticides in combination with conventional chemicals, which has helped them in achieving no residue crops with internationally accepted standards.

Foliar spray is estimated to be the fastest-growing segment in the bioinsecticides market.

Foliar spray is projected to be the largest-growing segment during the forecast period from 2020 to 2025. Foliar spray is widely used across the world, due to its easiness and safety in application. It can be applied to the infected area for fairly quick results when compared to other methods. The handling of bioinsecticides in foliar spray has been seamless for farmers, especially in high-value crops. The long shelf-life of foliar spray formulation demands less maintenance, which is driving the growth of the bioinsecticides market.

The increasing demand for bioinsecticides in the North American region is projected to drive the market.

The North American region accounted for the majority of the global bioinsecticides market share in 2019. The US is one of the leading countries for the export of various fruits and vegetables. Consumers are shifting their eating habits to residue-free crop produce. An increase in the awareness of pesticide residue levels in crops is driving the adoption of bioinsecticides. Also, the huge presence of companies in the US has led to investments and research on biological crop protection products.

Key Market Players:

Key players in the bioinsecticides market include BASF SE (Germany), Syngenta AG (Switzerland), Marrone Bio Innovations (US), Bayer AG (Germany), Novozymes (Denmark), and Nufarm (Australia).

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Recent Developments:

• In March 2020, Marrone Bio Innovations signed an agreement with Anasac (Chile) to develop and distribute Grandevo and Venerate bioinsecticide in Chile.
• In March 2020, Andermatt Biocontrol AGs’ Madex Top product was approved to be used in Sweden and Israel, to control codling moth in pome fruit orchards.
• In October 2019, Nufarm opened a new manufacturing facility in Greenville, Mississippi, US, which will allow the company to support its expanding portfolio and provide customers with high-quality crop protection products.
• In July 2019, a new biological insecticide named Velifer was launched by BASF SE for pest control in vegetable crops, registered for use in Australia.
• In March 2019, Syngenta AG launched its first bioinsecticide, Costar, in Portugal. The formulation is based on the strain of Bacillus spp., for use in more than 50 crops in European countries.

Controlled-release Fertilizers Market: Growth Opportunities and Recent Developments

The global controlled-release fertilizers market is estimated at USD 2.4 billion in 2020 and is projected to reach USD 3.2 billion by 2025. The controlled-release fertilizers market is projected to grow at a rate of 6.3% during the forecast period. Factors driving the market include an increase in demand for highly efficient fertilizers, favorable government regulations, a rise in demand for high-value crops, and an increase in the number of investments from key players in this market. The growing environmental concerns associated with nutrient loss through soil leaching and runoffs from fields on the using excess conventional fertilizers are effectively addressed by these fertilizers.

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The agricultural segment is projected to be the faster-growing segment in the controlled-release fertilizers market during the forecast period.

As the market demand shifts towards the usage from NPK fertilizers to controlled-release fertilizers in the developing economies, there is an increase in demand for controlled-release fertilizers. The manufacturers are continuing research efforts to develop cheaper and better coatings/materials to reduce the overall cost and encourage the adoption of this technology.

The slow-release segment is projected to record the fastest growth during the forecast period.

The slow-release segment is projected to be the fastest-growing segment. Urea-formaldehyde fertilizers are most effective in high temperatures and are hence used in regions with warm climatic conditions such as the Asia Pacific Mediterranean region in Europe and the southwestern region of the US.

The fertigation segment is projected to record the fastest growth during the forecast period.

The demand for controlled-release fertigation has been mostly concentrated in high-value crops such as fiber crops (jute and cotton), plantation crops (cocoa, pepper, and rubber), and ornamentals, as they require the application of fertilizers to improve the crop quality and yield.

Asia Pacific is projected to witness significant growth during the forecast period

Asia Pacific accounted for the largest share. The region is projected to grow at the highest CAGR of 6.2% & 6.0% in terms of value & volume, respectively, during the forecast period. The increasing growth of high-value crops and raising awareness among farmers about the environmental benefits of controlled-release fertilizers are expected to provide more scope for market expansion. The government policies adopted by Asia Pacific countries and the large subsidies, in certain countries up to 100% for marginal farmers, provided on fertilizers are the major factors triggering the growth of this market in the region. R&D investments in the development of coated fertilizers and the installation of new production capacities by key players are expected to boost the market in the next five years.

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Key companies in the controlled-release fertilizers market are Nutrien Ltd. (Canada), Yara International ASA (Norway), ICL (Israel), ScottsMiracle-Gro (US), Koch Industries (US), Helena Chemical (US), Kingenta (China), SQM (Chile), Haifa Chemicals (Israel), JCAM AGRI. (Japan), COMPO EXPERT (Germany), Nufarm Ltd. (Australia), The Andersons Inc. (US), Van Iperen International (Netherlands), Mosaic Company (US), OCI Nitrogen (Netherlands), AgroLiquid (US), DeltaChem (Germany), SK Specialties (Malaysia), and Pursell Agri-Tech (US). New product launches, expansions, agreements, and acquisitions have been the areas of focus of these manufacturers to gain better penetration in the developing markets of Asia Pacific and South America.

Recent Developments:

• In September 2019, Nutrien, Ltd. (Canada) acquired Ruralco Holdings Limited (Ruralco) in Australia. Through this acquisition, Nutrien would provide significant benefits to its stakeholders as well as enhance the delivery of its products and services to Australian farmers.
• In August 2019, Yara International ASA (Norway) and Nel Hydrogen Electrolyser, a division of Nel ASA (Norway), entered into a collaboration agreement for low-carbon-footprint fertilizer production at Yara’s existing plant in Porsgrunn, Norway. This project was supported by the Research Council of Norway, Innovation Norway, and Enova through the PILOT-E program.
• In March 2019, Yara International ASA (Norway) launched Yaralix, a tool for precision farming, allowing the farmers to measure crop nitrogen requirements using their smartphones. The system consisted of a free-to-download application that was designed to handle the smartphone camera to determine nitrogen requirements for different crops in the early growth stages.

Impact of COVID-19 on the Plant-Based Meat Market

The report "COVID-19 Impact on the Plant-Based Meat Market by Raw Material (Soy, Wheat, Pea), Product (Burger Patties, Sausages, Strips & Nuggets, and Meatballs), Distribution Channel (Retail Outlets, Foodservice, E-commerce), and Region - Global Forecast to 2021", The global plant-based meat market size is projected to grow from USD 3.6 billion in 2020 to USD 4.2 billion by 2021, recording a compound annual growth rate (CAGR) of 17.0% in the realistic scenario during the forecast period. The major factors driving the growth of the plant-based meat industry include the rising vegan population driven by the functional benefits of plant-based products, growing animal borne-illnesses such as COVID, and increasing demand for clean label products.

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The pea segment is projected to be the fastest-growing segment in the plant-based meat market during the forecast period.

The use of pea in plant-based meat has gained significant prominence over the past two years, driven by companies such as Beyond Meat (US), R&S Blumos (Brazil), and other regional players who are adopting the use of pea into their products. Pea is an allergen-friendly source of protein and provides considerable health benefits while also hosting substantial environmental benefits in terms of cultivation and production as compared to conventional meat. Peas also host substantially stronger functional characteristics and can be adopted across a wide array of product applications that has helped drive their popularity as a raw material in plant-based meat.

The E-commerce distribution channel segment is projected to be the fastest-growing segment in the plant-based meat market during the forecast period.

E-commerce is a widely emerging distribution channel in light of the current pandemic. Post COVID-1­9 outbreak, distribution through E-commerce channels is expected to witness significant growth prospects. This is attributed to lockdowns resulting in consumers avoiding to visit retail stores and closing of foodservice outlets. Distributors will shift their sales channels from retail stores earlier to an enhanced demand on the E-commerce channels. As the outcomes of COVID are becoming worse, distributors will move to E-commerce and online retailing channels for the distribution of plant-based meat products. Long term adoption of plant-based meat products will drive the demand for such products from E-commerce channels post-COVID outbreak.

The burger patties product segment is projected to account for the largest share in the plant-based meat market during the forecast period.

Burger patties will account for the largest share in the plant-based meat industry owing to the strong likeness to conventional meat products and widespread consumer acceptance. Fast Food chains such as Burger King are introducing new meat alternative burger patties. There is an increased demand for plant-based burger patties from retail channels owing to its convenience for takeaway, taste, and texture. Also, burger patties are known to contain low-fat residues and gluten content.

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The North American region is projected to be the fastest-growing market for plant-based meat during the forecast period.

The North American region is projected to be the fastest-growing market for plant-based meat during the forecast period. The region is witnessing adverse outcomes of COVID, especially the US. The region is also backed by the presence of key players such as Impossible Foods (US) and Beyond Meat (US) in the plant-based meat market. The growing trend of veganism has pushed the growth of the North American plant-based industry. Consumers 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 also due to the current pandemic highlighting the importance of health, nutrition, and clean-eating. Retail chains in the US have also extended shelf and storage space for plant-based meat products to cater to the growing demand. Key manufacturers in the US include Impossible Foods (US) and Beyond Meat (US).

Key questions addressed by the report:

• Who are the major market players in the plant-based meat market?
• What are the regional growth trends and the largest revenue-generating regions for the plant-based meat industry?
• What are the key regions and industries that are projected to witness significant growth in the plant-based meat market?
• What is the impact of COVID-19 across various stakeholders in the supply chain of the plant-based meat market during the forecast period?
• Which raw material and product segment is projected to dominate during the forecast period?

Eco-friendly Food Packaging Market to Witness Unprecedented Growth in Coming Years

According to MarketsandMarkets, the global eco-friendly food packaging market is estimated to be valued at USD 174.7 billion in 2020 and is projected to reach USD 249.5 billion by 2025, recording a CAGR of 7.4%, in terms of value. Stringent government regulations, downsizing in the packaging industry, and technological advancements in the packaging industry for the manufacturing of packaging using non-petroleum products are driving the market for eco-friendly food packaging. Furthermore, innovative products such as edible packaging and water-soluble packaging are also fueling the market for the eco-friendly food packaging market.

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The paper & paperboard segment, by material, is projected to witness significant growth during the forecast period

By material, the paper & paperboard market is segmented into corrugated box, boxboard, rigid box, folded boxes, trays, flexible packaging, paper bags, shipping bags, and sachet/pouches. The packaging of products differs for the type of foods and beverages served. Paper & paperboards are the most preferred packaging in the food & beverage industry due to its degradable nature and recyclable property. Ready-to-eat, on-the-go, and frozen & fresh foods are nowadays served and transported in the paperboard packaging, which is due to the rise in environmental hazards. Rigid boxes are preferred for transportation. However, fresh products are served inflexible and molded paper & paperboards.

The eco-friendly food packaging, by application, is projected to account for a significant share in the market during the forecast period

By application, the eco-friendly food packaging market is segmented into food and beverages as applications. The food segment accounted for the largest share in 2019, acquiring approximately 70% of the overall market. Consumers seek convenience food solutions due to lack of time. The expectations of food quality, hygiene, and growing health awareness are driving the eco-friendly packaging market in the food sector. Beverages are usually served in reusable or recyclable products. Also, food products can be served in biodegradable packaging, which includes paper & paperboards; this is fueling the growth of the segment.

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The Asia Pacific is projected to grow at the highest growth rate during the forecast period

The market in the Asia Pacific is projected to witness the highest growth due to the increasing demand for convenience foods due to the busy lifestyles of consumers. There is increasing consumption of on-the-go and ready-to-eat breakfast meals, as a result of urbanization, hectic lifestyles, and high disposable income. The eco-friendly food packaging industry has been growing as a result of the stringent laws and regulations levied by governments and governing bodies, as well as a shift in consumer preferences toward recyclable and eco-friendly packaging materials. Apart from these factors, the downsizing of packaging and breakthrough in new technologies are also driving the market globally. However, the high cost of recycling and poor infrastructure available for recycling processes are likely to hamper the growth of this market in underdeveloped regions.

Key players in the eco-friendly food packaging market include Amcor (Australia), Mondi Group (Austria), Sealed Air Corporation (US), Ball Corporation (US), and Tetra Pak (Sweden).

Recent Developments:

• Evergreen Packaging came up with a fully renewable ice-cream board, to sell plant-based ice-cream made by NadaMoo! (US). The product was named Sentinel. The product is a sugarcane-based polypropylene board and cups that are 100% renewable and eco-friendly.
• Winpak acquired Cheringal Associates and Norwood Printing Inc. (New Jersey, US). The new entity formed is known as Winpak Control Group. Cheringal Associates has been delivering specialized printed packaging solutions for the last 50 years. This acquisition would reduce the company’s printing costs and would enable customized printing solutions.
• Ball Corporation set-up the new aluminum cups manufacturing plant in Georgia. The company established the plant to serve the growing demand for innovative, eco-friendly beverage packaging for US customers and other consumers.
• Smurfit collaborated with a specialty brewer, Vanhonsebrouck (Belgium), to implement a complete circular supply chain and production line to make several changes in its existing production line to include recyclable cans instead of glass to provide an eco-friendly packaging solution.