Upcoming Growth Trends in the Vegetable Oils in Beauty and Personal Care Market

According to MarketsandMarkets, the global vegetable oils in beauty and personal care market is projected to reach USD 5.8 billion by 2027 from USD 4.4 billion by 2022, at a CAGR of 5.7% during the forecast period in terms of value. Vegetable oils are traditionally used in cosmetic products such as day creams, night creams, lotions, lipsticks, and shampoos. The wide range of fatty acids in vegetable oils drives consumer demand as there is a rising trend for natural and organic products.

 

 

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The key players in this market include BASF SE (Germany), CREMER OLEO GmbH & Co. KG (Germany), SOPHIM (France), ADM (US), Maverik Oils (US), Australian Botanical Products (Australia), Zapach International (India), Ernesto Ventós S.A. (Spain), Louis Dreyfus Company (Netherlands), Cargill, Incorporated (US), Vantage Specialty Chemicals (US), OLVEA (France), All Organic Treasures GmbH (Germany), Gustav Heess GmbH (Germany), PRODIGIA (Morocco), Jayant Agro-Organics Limited (India), Sigma Oil Seeds B.V. (Netherlands), and ConnOils LLC (US).

 

BASF SE is a chemical manufacturing company a portfolio divided into major segments: chemicals, materials, industrial solutions, surface technologies, nutrition & care, and agricultural solutions. It has a wide range of customer base in nearly all sectors worldwide. It operates six chemical production sites and 232 additional production sites in 90 countries across Africa, the Asia Pacific, Central America, Europe, North America, South America, and the Middle East.

 

In February 2022, BASF made a second-round funding investment in B2B Cosmetics in February 2022. After BASF invested in B2B Cosmetics in 2019, the companies worked together to develop the Emuage technology, a system that sends consumers freshly made, personalized cosmetics. This will help the company seep-up the process of new product development.

 

Louis Dreyfus Company is a global merchant and processor of agricultural goods, operating a significant network worldwide. The Group operates its global business under two segments: Value Chain and Merchandizing. The company is present in Europe, Middle East & Africa, Asia, North America, and South America. It has its presence in 180 locations worldwide and over 100 different countries.

 

In September 2021, Louis Dreyfus Company completed the sale of an indirect 45% equity investment in Louis Dreyfus Company B.V. (LDC) to ADQ. ADQ is one of the largest holding corporations in the Middle East, with headquarters in Abu Dhabi. This partnership enabled both firms to increase financial gains and enhance the UAE's economic cluster.

 

Cargill, Incorporated is one of the largest globally diversified services companies catering to demand in various industries. The company has its global operations in major key segments: food ingredients & bio-industrial, animal nutrition, protein & salt, agricultural supply chain, metals & shipping. The company operates in 70 countries and has a sales presence in 125 countries across North America, Latin America, Asia Pacific, Europe, the Middle East, and Africa.

 

In December 2020, Cargill acquired Floratech, a leading global provider of innovative natural emollients and derivatives for beauty and personal care applications. This development has expanded Cargill’s operations in the beauty & personal care market.

 

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Natural cosmetics are becoming increasingly popular in Europe with the growing awareness of healthy lifestyles and the gradual shift to cleaner, chemical-free products. The consumer demand for cosmetics products that do not contain chemicals is expected to fuel market growth. Palm oil is well-known in the cosmetics industry. On the other hand, concerns about deforestation are creating a strong demand for environmentally friendly alternatives. Companies in the cosmetics industry aim to replace palm kernel oil-based ingredients in their formulations. Unilever (UK), in collaboration with Geno (India), will invest USD 120 million in biotechnology alternatives for unsustainable ingredients in 2022. The collaborations aim to scale plant-based alternatives to materials like palm oil and fossil fuels for hygiene and personal care products.

Functional Proteins Market to Showcase Continued Growth in the Coming Years

The global functional proteins market size is estimated to be valued at USD 4.6 billion in 2020 and projected to reach USD 6.1 billion by 2025, recording a CAGR of 5.6% during the forecast period. The demand for functional proteins is increasing significantly owing to changing consumer preferences due to rising health awareness. Furthermore, the rising income level among the millennial population has made consumers able enough to afford the purchase of health-beneficiary functional food products to streamline their diets.

 

 

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The key players in this market include ADM (US), DuPont (US), Cargill US), DSM (Netherlands), BASF (Germany), Fonterra (New Zealand), FrieslandCampina (Netherlands), Glanbia (Ireland), Arla Foods (UK), Ingredion (US), Roquette (France), and Essentia Protein Solutions (UK).

 

ADM (US) offers a wide range of functional proteins having applications in human and animal nutrition. The company operates through four business segments, and it offers functional proteins under the nutrition segment. Their product portfolio is exhaustive and includes a wide array of soy proteins, wheat proteins, wheat gluten and pea proteins. The company offers products in over 200 countries across the Americas, Europe, and Asia Pacific. It operates through 800 manufacturing facilities and processing plants across the globe. ADM showcases high brand recognition and is one of the most recognized players in the global functional proteins market.

 

DuPont (US) is a global chemical company based out of the US. It operates in four business segments, namely nutrition and biosciences, transportation and industrial, electronics and imaging, safety and construction. Functional proteins are offered under the nutrition and biosciences segment. The company houses a vast portfolio of plant-based proteins, including carob, soy and pea proteins. It has a strong and global consumer base with various brands under their umbrella. It has a geographic reach encompassing 175 locations across South America, North America, Africa, Asia Pacific, Europe, and the Middle East.

 

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North America is projected to hold the largest share in the functional proteins market. This dominance is driven by the prevalence of chronic diseases due to the hectic lifestyles and increasing awareness among consumers regarding the health benefits of consuming functional proteins. Also, obesity is on the rise among the North American population, especially the US. According to the CDC, in the US, the obesity prevalence was 39.8% and affected about 93.3 million adults between 2015 and 2016. Such factors are projected to drive the growth of the functional proteins market.

Biological Seed Treatment Market Growth Opportunities by 2025

The global biological seed treatment market is projected to reach USD 1.7 billion by 2025, from USD 0.9 billion in 2020, at a CAGR of 11.9% during the forecast period. The market has been growing at a significant rate due to the increasing need for a sustainable approach in agricultural operations in developed countries. Strong research funding by key manufacturers on product development such as compatible combinations of biological and chemical components is expected to drive the growth of the market over the next five years.

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Companies such as BASF SE (Germany), Bayer AG (Germany), Syngenta Group (Switzerland), Corteva Agriscience (US) have been focusing on technological innovations in seed inoculation and patent registrations for new product launches to strengthen their market base in the concerned market. Apart from these companies, other biological seed treatment companies include Valent BioSciences (US), Verdesian Life Sciences (US), Plant Health Care (US), Precision Laboratories (US), Koppert Biological Systems (Netherlands), Italpollina (Italy), and Incotec (Netherlands), which have been strengthening their market position through product launches and distribution technology agreements.

Expansions were the most used strategy by the key players in the seed treatment market. RD centers/innovation labs were inaugurated by companies such as BASF SE (Germany), Syngenta Group (Switzerland), Koppert Biological Systems (Netherlands), and Incotec (Netherlands). Due to the overall growing demand for biostimulants and microbial-based technologies, companies such as BASF SE (Germany), Incotec (Netherlands), Valent BioSciences (US), and Italpollina (Italy) have invested in the upgradation expansion of their existing facilities or establishment of new manufacturing facilities.

Bayer AG (Germany) is one of the active players in the biological seed treatment market. A considerable amount of Bayer revenue goes into research development activities to offer innovative products and practices to the farming community across the world. Bayer has successfully pushed products into the market through its farmer engagement programs. Bayer has made significant investments in the acquisition of seed treatment technology providers and established research collaborations for the development of microbial seed treatment products through its SeedGrowth business unit. The acquisition of Monsanto (US) in 2018, has been a big milestone in Bayer’s history of developments, which has allowed the company to enhance its research on new technologies for improving the available solutions for crop protection. In 2018, the company received marketing authorization in many countries for new mixtures and formulations, which will further strengthen its global presence. It has also expanded its global presence, clubbed with high levels of investments in RD activities to serve its customers with innovative products in biological seed treatment market.

Syngenta Group (Switzerland) has been a leading player in the agricultural industry by offering diverse innovative solutions to the market place. Through its product investment partnership approach, the company focuses on delivering sustainable solutions through its seed treatment technology in order to capitalize on a growing market demand for biological solutions, and progress to a formidable position at the preliminary stage of the market. It has a strong brand image and early mover advantage due to the introduction of Clariva, the first biological nematicide for seed treatment. In October 2020, Syngenta Group announced the acquisition of Valagro (Italy), a leading Biologicals company, through its business unit Syngenta Crop Protection. Through this strategy, Syngenta Crop Protection positions itself as one of the key global companies to shape the rapidly growing biologicals market, which is set to nearly double in size over the next five years.

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The global biological seed treatment market was dominated by North America, followed by Europe, APAC and South American regions. This is due to the countries in North America are set to rapid adoption of modern agricultural technologies and increase in the ban of certain chemical formulations inorder to develop a sustainable approach to diminish the environmental risks caused by pesticides usage.

Food Coating Market to Showcase Continued Growth in the Coming Years

The global Food Coating Market is projected to reach 5,936.3 USD Million by 2023 at a CAGR of 4.98% from 2018-2023. The food coating ingredients and equipment markets are estimated to be valued at USD 2.73 billion, and USD 1.93 billion, respectively in 2018 and are projected to reach a value of USD 3.62 billion and USD 2.31 billion by 2023, respectively, at a CAGR of 5.8% and 3.7% from 2018 to 2023. The key players profiled have a strong presence in the global food coating equipment market; they include Marel (Iceland), GEA Group (Germany), Bühler (Switzerland), JBT Corporation (US), and Clextral (France).

 

 

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The key market players adopted various growth strategies such as new product launches, expansions, investments, acquisitions, and partnerships, in order to cater to the increasing demand for food coating equipment. The companies in this market focus on increasing their product portfolios through strategic acquisitions and on expanding their manufacturing capacities.

 

The companies in the food coating ingredient industry adopted all developmental strategies in 2015 but mainly focused on acquisitions to sustain and grow in the market. In the same year, new product launches & agreements, joint ventures, and partnerships were the second-most favored strategies. The developments observed in the market are expected to increase with the increasing consumption of bakery, confectionery, and processed meat products. In 2018, companies are mainly focusing on adopting strategies such as expansions, investments, partnerships, and joint ventures to retain their market share and meet consumer demand, globally. For instance, in July 2018, Kerry Group (Iceland) invested in the expansion of its Wittstock breadcrumb manufacturing facility in Germany. This expansion will help the company to serve its customers in the European region better. The expansion is expected to involve the installation of a new crumb baking line and a warehouse extension.

 

Cargill (US) has a robust product offering in the food coating ingredients market and occupies a major share due to its large distribution network, strong geographical presence, and high brand value. The company operates through four business segments, namely, food ingredients & applications, animal nutrition & protein, origination & processing, and industrial & financial services. It offers coating ingredients through its food ingredients & applications division. It has been consistent in strengthening its position in the food coating ingredient market by engaging in strategic acquisitions and expansions. The company has a global presence and focuses on continuous improvement and innovation with regard to its growth prospects. In terms of organic growth strategies, the company focuses on expansions. It also focuses on expanding its product portfolio of food coating ingredients through inorganic development, and in line with this strategy, the company acquired ADM’s global chocolate business in August 2015. This acquisition helped the company to strengthen its position in the cocoa and chocolate industry.

 

GEA Group is one of the well-established manufacturers of a wide range of food coating equipment to multiple food industries such as bakery products, confectionery products, snacks, meat & seafood, and baking cereals. The operating segments of the company include business area equipment and business area solutions. The business area equipment segment specializes in the development of food processing equipment and technologies, while the business area solutions segment is involved in providing customized equipment and technologies that cater to industries such as food & beverages, chemical, and pharmaceuticals.

 

There have been multiple organic attempts by the company to grow within the food coating technology market. The increased demand for the company’s highly efficient coating line for confectionery products is one of the driving factors for the increase in the company’s presence in the food coating technology market across developed as well as developing regions such as Europe and South America. The company has focused on continuous improvement of its production efficiency and has strategized its approach to new product launches to meet the varying demand from customers.

 

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North America is expected to continue its dominant presence in the food coating ingredients market during the forecast period. The region is backed by superior food coating technologies and utilizes automatic equipment for coating food ingredients. Consumers in the US and Canada majorly consume salty snacks such as potato chips, which need dry coating. Apart from this, these countries consume frozen food that requires coating for an extended shelf life. Consumers in this region opt for cereal as breakfast options where coating is applied. The US is also a huge market for confectionery products. These factors have fueled the growth of the food coating market in North America.

Meat Testing Market to Showcase Continued Growth in the Coming Years

The global meat testing market is estimated at USD 7.94 billion in 2018 and is projected to reach a value of USD 11.48 billion by 2023, growing at a CAGR of 7.7%. The key players profiled have a strong presence in the global meat testing market; these include SGS (Switzerland), Bureau Veritas (France), Intertek (UK), Eurofins (Luxembourg), and TUV SUD (Germany).

 

 

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The key market players adopted various growth strategies such as acquisitions, expansions & investments, partnerships, and new service launches to cater to the increasing demand for meat testing services and expand their business. The companies in this market focus on increasing their R&D expenditure to develop new meat testing technologies that provide quick and accurate results; companies also focus on expanding their service facilities by increasing their geographic presence.

 

Several key players in this market adopted acquisitions, which help to increase their presence and increase their market share in the meat testing market. Companies are expanding and investing in new technologies to create new techniques for getting better results for a sample test for different species. Companies such as SGS (Switzerland), Eurofins (Luxembourg), and Intertek (UK) are expanding their service facilities by acquiring other companies. Companies such as Mérieux NutriSciences (US) are expanding its operations in France by opening a food chemistry laboratory; this enhanced the company’s business network in France.

 

SGS (Switzerland) has been one of the major players in the global meat testing market. It offers meat testing services in Europe, the Middle East, Asia, and the Americas. In April 2018, SGS acquired Oleotest NV (Belgium), a chemical testing services provider for food and feed. This acquisition would enable the expansion in a complementary segment for chemical analyses, which would strengthen the company’s leading position for food (meat) and life sciences in Belgium. In December 2016, SGS acquired 70% stake in Biopremier (Portugal), a company which specializes in DNA sequencing services for the meat sector.

 

Eurofins (Luxembourg) strengthened its position in the meat testing market, mainly through expansions. It capitalizes on its portfolio of 130,000 reliable analytical methods that allow it to offer services that characterize the safety and authenticity of products and biological substances. In December 2016, Eurofins expanded its network by widening its geographic presence in Asia. It developed a new team which is in operation in the Philippines. This expansion is strategized to cover the markets of Vietnam, Indonesia, and the Philippines.

 

Bureau Veritas (France) focuses on developing its network through strategic acquisitions. The company has a broad service portfolio for various technologies such as ICP-MS and PCR in the meat testing market. Bureau Veritas (France), in March 2017, acquired Schutter Group B.V. (Netherlands), a leading TIC service provider for food & agri commodities. This acquisition strengthens its business network in Europe, South America, and Asia.

 

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North America is estimated to be the largest market for meat testing in 2018. This is due to the increased awareness of safe food products among consumers, the growing number of meat product recalls, and stringent food safety regulations in the region. The US is one of the largest meat consuming countries, with stringent regulations to keep a check on the quality of meat products. This leads to the growth of the meat testing services industry; more the production of meat, the more testing will be required.

Biofortification Market Growth by Emerging Trends, Analysis, & Forecast

The global biofortification market is estimated at USD 78 million in 2018 and is projected to grow at a CAGR of 8.6% to reach USD 118 million by 2023. The growth of the biofortification market is driven by the rising demand for high nutritional content in food.

Key players that have a strong presence in the biofortification market include Syngenta (Switzerland), Bayer (Germany), BASF (US), Eurofins Scientific (US), and DowDuPont (US).

 

 

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These market players adopted growth strategies such as expansions and mergers & acquisitions to cater to the increasing demand for biofortification. Major players are mainly focusing on undertaking expansions for innovating and developing research centers to meet the growing requirements of consumers in terms of sales and distribution.

The core strength of key players identified in this market is their growth strategies such as expansions. Undertaking expansions enable market players to enhance their presence in the biofortification market. These companies have maintained their positions in the market through strategic developments. They also have broad industry coverage and strong operational and financial strength; they have grown organically and inorganically in the recent past.

 

Syngenta is a leading agrochemicals company which operates through three business segments crop protection, seeds, and lawn & garden. The company has adopted “The Good Growth Plan” as one of its strategies to maintain sustainability in the environment. It markets its products in over 90 countries across the globe. It has R&D centers in Switzerland, the UK, the US, and India, along with advanced manufacturing facilities in Switzerland, the US, the UK, France, India, China, and Brazil. In March 2018, Syngenta acquired Strider (Brazil), an AgTech company dealing in operational management solutions for farms. This acquisition helped the company to provide innovative digital solutions for the management of on-farm information. Syngenta is committed to provide sustainable agriculture products through innovative research and technologies. It has R&D centers in over 150 sites around the world. The company has been increasingly gaining share in the biofortification market by offering competitive genetic solutions for plant breeders.

 

Intertek developed its local capabilities and services at its laboratory in Beira, Mozambique. This would support the local agricultural businesses in Mozambique as well as in the East African region. Intertek is considered an industry leader in the testing and inspecting market for a wide range of industries as it operates with more than 43,000 employees in 1,000 locations in over 100 countries. The aim of the company is to deliver quality assurance expertise to its customers. It ensures that its products meet quality, safety, health, and social accountability standards in any market around the world. To sustain its dominance in the global market, the company is focusing on strategies such as expansions and acquisitions. In November 2014, Intertek acquired ScanBi Diagnostics (Sweden), a provider of global hi-technology DNA and protein-based analyses, and quality services for seed, agriculture, agro-biotech, food, and feed industries.

 

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The Asia Pacific is the dominant region in the biofortification market. Biofortification of crops has strong growth potential in agriculture, and it also improves the nutrition content in food. The biofortification market has grown considerably over the last five years, and this trend is expected to continue in the near future. The growing consumer demand for high nutritional content in food is projected to fuel the demand for biofortified crops, globally. Since the last decade, many countries in the Asia Pacific region have banned the usage of GM technology, and the researchers are opting to adopt biofortified crops as a key to unlock the region’s food production.

Trace Minerals in Feed Market to Showcase Continued Growth in the Coming Years

The global trace minerals in feed market size is estimated to be valued USD 472 million in 2020 and is expected to reach a value of USD 608 million by 2025, growing at a CAGR of 5.2% during the forecast period. Factors such as increasing demand for polutry, changing consumer preferences due to fast-paced lifestyles, and increased need for high protein sources in food products is driving the market for Trace minerals in feed during the forecast period.

 

 

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Key players in this market include Cargill, Incorporated (US), Koninklijke DSM N.V. (Netherlands), Archer Daniels Midland Company (US), Novus International (US), and Kemin Industries, Inc. (US), Zinpro Corporation (US), Alltech (US), Tanke (China), Global Animal Products (US), Orffa (Netherlands), BASF SE (Germany), Bluestar Adisseo (China), JH Biotech, Inc. (US), and Virbac (France).

Expansions and collaborations were the key strategies adopted by the leading players in the Trace minerals in feed market with a view to improve their product line and presence in the market.

 

Cargill, Incorporated (US) operates through food, agriculture, and financial and industrial products and services. The company provides a vast range of trace mineral products through its animal nutrition segment for beef cattle, dairy cattle, goats, swine, and horses. Furthermore, Cargill offers many animal nutrition products under its famous brands, such as Provimi, Purina, Diamond V, and Nutrena, which deliver essential trace minerals required in feed products to improve their health.

 

Cargill has 17 innovation and application centers across the globe that focus on the development of animal nutrition products and new methods to maximize feed conversion and improve animal performance. The company focuses on undertaking strategies, such as investments and partnerships, to expand the feed and nutrition business. For instance, the acquisition of Pro-Pet (France) in 2018 and partnership with InnovaFeed (France) helped it meet the nutritional needs of the growing livestock population. The global COVID-19 pandemic has led to an increase in consumer demand across the globe. However, the company has been successful in quickly adjusting its manufacturing operations and supply chains to help customers deliver food products to places where it is increasingly required. In the US, Cargill partnered with a restaurant chain to divert 90 million shell eggs to retail stores, while in Canada, it quickly re-packaged 4,000 cases of chicken breast originally intended for fast-food sandwiches to fill grocery store shelves.

 

Archer-Daniels-Midland Company (ADM) (US) is one of the major suppliers and manufactueres of animal nutrition products. ADM is addressing this demand by providing a wide range of innovative products for the animal nutrition market. We work closely with customers, universities and nutrition experts to research, develop, and create high-quality animal nutrition products. ADM’s product offerings range from amino acids and feed enzymes to high-quality macro feed ingredients, supplements, premixes, custom ingredient blends and specialty feed ingredients to aid in optimizing animal health and nutrition.

 

ADM is a member of more than 200 business and trade associations in the company that has its presence in more than 200 countries across the globe, 330 food and feed ingredient manufacturing facilities, 62 innovation centers, and the world’s premier crop transportation network. It mainly focuses on undertaking research and expansion strategies. For instance, in 2019, ADM opened its new livestock feed plant in Vietnam and acquired Neovia (US), an animal nutrition company, to expand its geographic reach and efficiently serve consumers around the world. Archer Daniels Midland Company (ADM) has recently comleted the acquisition of Neovia, which is also a major player in the animal nutrition industry.

 

BASF SE (Germany) operates through six segments, which include chemicals, materials, industrial solutions, surface technologies, nutrition & care, and agricultural solutions. It provides a range of trace minerals for feed products through its animal nutrition segment. It has a strong focus on undertaking innovation and development. The BASF Group comprises subsidiaries and joint ventures in more than 80 countries and operates in six integrated production sites and 390 other production sites in Europe, Asia, Australia, the Americas, and Africa. BASF has customers in over 190 countries and supplies products to various industries. In animal nutrition, enzymes are used predominantly for monogastric animals such as pigs and poultry. BASF enzymes are added to feed, indigestible feed components so that they can be digested in the gastrointestinal tract. This means that the animals consume less feed and grow better, which is reflected in better efficiency.

 

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The trace minerals in feed market is estimated to grow significantly in the Asia Pacific region due to the rise in demand for poultry meat and poultry byproducts as well as ruminants from the major economies such as China, India, Japan, and other South East Asian countries as they experience a surge in the increase in number of health -conscious consumers. The increase in awareness amongst consumers about the essential nutrients requirement in daily diet, have increased the demand for protein rich meat. In Asia Pacific, trends around healthy lifestyles and prevention among older consumers trying to avoid expensive healthcare costs and extend healthy lifespans are generating growth opportunities dietary supplements. Thus, causing Trace minerals in feed to flourish in the region.