Research Reports And Consulting

The food fortifying agents market size is expected to generate a revenue of USD 128.0 billion by 2027, at a CAGR of 10.1%. The global industry was estimated to be valued at USD 79.3 billion in 2022. The market has been growing in accordance with the health consciousness among the consumers. The rise in aging populations and the growing health concerns have led to large-scale adoption of food fortifying agents for various applications.
Asia Pacific region is witnessing the highest growth rate in the market.Food fortifying agents market in Asia Pacific region is driven by busy lifestyle and increasing disposable incomes of the consumers. The application of these agents is expected to increase at a fast pace due to the increasing demand from consumers. Across Asia Pacific, proteins & amino acids are one of the rapidly growing segments. Key markets in the region include China, India, Japan, and Australia & New Zealand. These countries have vast areas under agriculture and production of high-fiber content plants & oilseeds, primary raw materials for fiber & specialty carbohydrate ingredients.Processed food industry in the Asia Pacific region is experiencing growth with the changing lifestyles of customers. The food & beverage industry is currently undergoing a dramatic transformation in response to rapid urbanization, diet diversification, and liberalization of foreign direct investment in the food sector. Rising incomes, purchasing power, and consumer demand for nutritional & healthy products also provide promising prospects for growth and diversification in the region’s food sector further proliferating the demand for market.The key players in this market include Cargill (US), DSM (Netherlands), CHR. Hansen Holdings A/S (Denmark), DuPont (US), BASF SE (Germany), Arla Foods Amba (Denmark), Tate & Lyle (UK), Ingredion (US), Archer Daniels Midland Company (US), and Nestle SA (Switzerland).In the food fortifying agents market, dietary supplements application segment is registering the highest growth during the forecast period.Growing incidences of chronic diseases, rise in the aging population, and the growing trend of health & wellness is driving the dietary supplements segment. It is projected to grow at the highest CAGR of 10.2% from 2022 to 2027. Dietary supplements are concentrated sources of nutrients or other substances with nutritional or physiological benefits, either provided alone or in combination, marketed in a pharmaceutical dose form and administered orally. Many European countries have adopted the highly restrictive CODEX standards for the supplements, which eliminate the consumer’s ability to purchase dietary supplements in therapeutic dosages. Codex Alimentarius (Latin for “Food Code”) is the United Nation’s proposed set of international guidelines for nutritional supplements, food handling, production, and nutrients.Middle-class consumers in Asia are also showing an interest in nutrition and supplements due to urbanization and increasing income levels. This has led to an increase in the demand for omega-3 nutritional supplements due to the numerous health benefits they provide.

According to a research report "Robotic Farming Equipment Market by Type (Unmanned Aerial Vehicles/Drones, Milking Robots, Driverless Tractors, Automated Harvesting Systems), Farming Environment (Indoor and Outdoor), End-use Application and Region - Global Forecast to 2028" published by MarketsandMarkets, the Agriculture Robots market is estimated at USD 13.5 billion in 2023 and is projected to reach USD 40.1 billion by 2028, at a CAGR of 24.3% from 2023 to 2028. The Precision farming robots market is experiencing robust growth and is poised to revolutionize the farming industry worldwide. With a growing need to address challenges like labor shortages, increasing demand for food, and the necessity for sustainable agricultural practices, the adoption of agriculture robots has gained significant momentum.
The market scenario for farm automation technology is witnessing a steady increase in investments from both established companies and startups. Major players in the robotics industry are actively developing advanced robotic solutions tailored for various agricultural tasks. Additionally, governments and agricultural organizations are also encouraging the adoption of these technologies by providing subsidies and incentives to farmers. The market growth can be attributed to several factors. Firstly, the increasing trend of precision agriculture, driven by data-driven farming practices, is fueling the demand for robots equipped with advanced sensors and AI capabilities.
These robots enable farmers to optimize resource usage, leading to improved productivity and reduced costs. Secondly, the rising awareness of sustainability and environmental concerns is driving the need for more efficient and eco-friendly farming methods. Agriculture robots offer precise application of inputs like fertilizers and pesticides, minimizing wastage and environmental impact. As the industry matures and technology becomes more accessible, the cost of agriculture robots is likely to decrease, further encouraging adoption among farmers of all scales. The agriculture robots market is expected to continue its growth trajectory, transforming the global farming landscape and contributing to a more sustainable and productive future for agriculture.
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North America is expected to account for the largest market share in 2023.
The Automated agricultural machinery industry in North America is witnessing rapid growth, driven by various factors that are shaping the industry and encouraging the widespread adoption of robotic technologies in farming practices. North America is experiencing a decline in the availability of agricultural labor due to factors like urbanization and changing demographics. As labor costs rise, farmers are turning to agriculture robots to automate repetitive and labor-intensive tasks, reducing their dependency on human workers and mitigating the impact of labor shortages. The region is at the forefront of technological innovation, and the integration of advanced technologies like artificial intelligence, machine learning, and IoT (Internet of Things) has significantly enhanced the capabilities of agriculture robots. These cutting-edge technologies enable robots to make data-driven decisions, perform precise operations, and optimize farming practices, leading to increased efficiency and productivity. The presence of leading research institutions and companies dedicated to robotics and agriculture in North America has contributed to the accelerated growth of the agriculture robots market. Ongoing research and development efforts continue to push the boundaries of what agriculture robots can achieve, opening up new possibilities and applications.
The type segment, by Unmanned Aerial Vehicles, is expected to account for the largest share in 2023.
Agriculture drones are revolutionizing the farming industry and promoting the transition toward digital agriculture. These unmanned aerial vehicles equipped with various sensors and imaging technologies have the potential to significantly change agriculture in several ways. Firstly, they enable precision farming practices by providing high-resolution imagery of crops and fields, helping farmers identify variations in soil health, moisture levels, and crop health. This allows for precise application of resources like water, fertilizers, and pesticides, optimizing their usage and minimizing waste. Additionally, drones equipped with thermal and multispectral cameras can monitor crops throughout their growth cycles, detecting pest infestations, diseases, or nutrient deficiencies early on, enabling farmers to take timely corrective actions and increasing overall crop productivity. The efficiency in data collection and analysis saves time and effort, allowing farmers to focus on strategic decision-making and better farm management practices, leading to increased efficiency and productivity. Moreover, the data-driven insights gathered by agriculture drones can be integrated with other digital technologies like farm management software and AI algorithms, helping farmers make data-driven decisions, predict crop yields, and optimize overall farm performance.
The application segment, by Field Farming, is expected to dominate the market with the largest share in 2023.
Agriculture robots offer significant benefits in field farming by automating various tasks and providing valuable insights to farmers. These robots can perform tasks such as planting, seeding, weeding, spraying pesticides, and harvesting, reducing the reliance on manual labor and increasing efficiency.
The precision and accuracy of agriculture robots lead to optimized resource usage, including water, fertilizers, and pesticides, resulting in reduced costs and minimal environmental impact. Additionally, the data collected by these robots through advanced sensors and cameras allow farmers to monitor crop health, detect diseases, and assess soil conditions in real-time. This data-driven approach enables farmers to make informed decisions, implement targeted interventions, and maximize crop yields.
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Top players analyzed:
Deere & Company (US), CNH Industrial NV (UK), AGCO Corporation (US), Lely (the Netherlands), AgJunction (US), DeLaval (Sweden), Deepfield Robotics (Germany), Naïo Technologies (France), KUBOTA Corporation (Japan), Monarch Tractor (US), and Clearpath Robotics (Canada)

According to a research report "Feed Phosphates Market by Type (Dicalcium, Monocalcium, Mono-dicalcium, Defluorinated, and Tricalcium), Livestock (Ruminants, Swine, Poultry, and Aquaculture), Form (Powder and Granule), and Region - Global Forecast to 2028" published by MarketsandMarkets, the feed phosphates market is estimated at USD 2.6 billion in 2023 and is projected to reach USD 3.2 billion by 2028, at a CAGR of 4.0% from 2023 to 2028. Feed phosphates contribute to the overall health and performance of animals, including bone development, energy metabolism, and immune function. Livestock and poultry farmers are increasingly aware of the benefits of feed phosphate in enhancing animal well-being, leading to their higher adoption.

Livestock Phosphate Feed Market Driver: Rise in consumption of meat and dairy products

The demand for meat, eggs, and dairy products in developing countries has also increased significantly over the past few years. According to Organisation for Economic Co-operation and Development (OECD), in 2021, global milk production, comprising approximately 81% cow milk, 15% buffalo milk, and 4% from goats, sheep, and camels combined, increased by 1.1% to reach approximately 887 million metric tonnes (Mt). This growth was primarily fueled by increased output in India and Pakistan, attributed to the expansion of dairy herds and improved availability of fodder, aided by favorable monsoon rains. According to OECD 2021, the per capita consumption of dairy products is projected to rise by 0.4% per year to reach 21.9 kg (milk solids equivalent) by 2031 in high-income countries. According to the same source, in comparison, low-middle-income countries are expected to experience an annual increase of 2.0% to reach 21.2 kg, while low-income countries are anticipated to see a 1.5% annual increase to reach 5.4 kg. Utilizing feed phosphates in dairy cattle diets can lead to improved feed efficiency. The presence of adequate phosphorus and other essential minerals in the feed enhances nutrient absorption and utilization in the rumen and digestive tract. As a result, dairy cows can convert feed into milk more efficiently, reducing wastage and enhancing overall feed efficiency.

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The South America market is projected to register a significant CAGR for the phosphate-based feeds market.

The livestock sector of South America has also been witnessing exponential growth over the years owing to the steady demand brought on by the rise in meat consumption and poultry products.According to OECD-FAO Agricultural Outlook 2021-2030, the export of meat is concentrated, and it is expected that the three leading meat-exporting countries - Brazil, the European Union, and the United States - will maintain a stable combined share of approximately 60% in the global meat exports over the forecast period. In 2021, Brazil, the top poultry meat exporter, is projected to become the largest beef exporter, holding a 22% market share. This rise in meat consumption and growth of the domestic livestock sector are expected to contribute to the growth of the feed phosphates industry.

Poultry segment of the feed phosphates market by livestock is projected to witness the highest CAGR during the forecast period.

Based on livestock, the poultry segment estimated to register the highest growth rate between 2023-2028. Feed phosphates, including DCP and MCP, have gained regulatory approval and are widely accepted as safe and effective feed additives for poultry. Compliance with food safety regulations and guidelines encourages the use of feed phosphates in the poultry industry.

Primary companies highlighted:

Mosiac (US), Nutrien Ltd (Canada), OCP (Morocco), Rotem (Turkey), Eurochem Group (Switzerland), Phosagro (Russia), Fosfitalia Group (Italy), Phosphea (France), YARA (Norway), and J. R. Simplot Company (US).

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Opportunity in the Animal Nutrition Phosphorus Market: Innovation in technology, new raw materials, and production process

Advancements in technology have the power to revolutionize the feed phosphates industry. New extraction techniques, refining processes, and quality control systems can optimize production efficiency, reduce costs, and enhance the overall quality of feed phosphates. For example, innovative technologies such as nanotechnology, microencapsulation, automation, and advanced analytics improves the production yields, increase consistency, and streamline operations.With advanced technology and improved understanding of animal nutrition, feed manufacturers are developing specialized feed phosphate products for different livestock sectors. This approach optimizes feed efficiency, supports targeted nutrient delivery, and promotes optimal animal health and growth. Innovations in production processes and raw materials help in meeting the evolving regulatory requirements. Compliance with stringent regulations related to quality, safety, and sustainability is crucial for market access and consumer trust. By adopting innovative practices and materials that align with regulatory standards, feed phosphate manufacturers are anticipated to differentiate themselves in the market. 

The report "Binders and Scaffolders for Meat & Meat Substitutes Market by Type (Binders For Meat & Meat Substitutes, Scaffolders For Cultured Meat), Application (Meat Products, Meat Substitutes, Cultured Meat), Meat Type, & Region - Global Forecast to 2026 and 2032" The global binders and scaffolders for meat & meat substitutes market is projected to reach USD 4.2 billion, by 2026, at a CAGR of 2.6% from 2021 to 2026. The global cultured meat market is estimated to be valued at USD 593.0 million by 2032, recording a CAGR of 15.7% from 2026 to 2032. The global perception toward animal meat products is shifting towards products like cultured meat. Today, a wide range of functional foods have been developed, including probiotics, prebiotics, and symbiotic foods. These products have changed the approach of considering animals only as a source of energy and nutrition to biologically manufacturing meat that confers benefits on human health.

The use of phosphates and hydrocolloids as binders increase the texture of the meat

Popular binders in ground meat-based products include oatmeal, breadcrumbs, rice, and even semolina. Starches, cereal floors, and vegetable hydrocolloids such as carrageenans and alginates are some of the widely used meat binders in the meat processing industry. The use of polysaccharide gums such as carrageenans and alginates as water binders in low-fat meat products is of great interest to meat processors because of consumer demand for leaner and lower-cost muscle foods. Meat-derived protein ingredients are collagen, gelatin, and blood-derived proteins. The addition of collagen to meat products as a binder has been shown to be advantageous. Collagen is believed to have the potential as a substitute for starches and other hydrocolloids in the formulation of meat products.

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Primary companies highlighted:

• ADM (US)
• DuPont (US)
• Kerry (Ireland)
• Danagreen Co., Ltd (South Korea)
• Marix Meats (US)
• Memphis Meat (US)

A rise in demand for cultured meat is expected to drive the growth of the scaffolders market

The scaffolders and cultured market have been growing at an accelerated pace since the first creation of the cultured meat burger back in 2013. Dozens of companies have entered the cultured meat industry, and various product species such as chicken, beef, pork, and seafood are in the development process. The geographical distribution of these companies is in 19 countries across five continents, 37% in North America, 25% in Asia, and 21% in Europe. Several companies have emerged to embrace the cultured meat value chain, including low-cost cell culture medium, bioreactor, scaffolding materials, and cell lines.

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Market Drivers: Increasing demand for alternative protein

According to data published by the Food and Agriculture Organization (FAO), global meat production is projected to be 16% higher by 2025, than during the base period of 2013–2015. Rising consumption of meat coupled with the increasing demand for nutritional meat is expected to support the market growth of cultured meat during the forecast period. The increasing global population in developing economies coupled with the rising meat consumption is projected to drive the market growth of cultured meat across the globe. Rapid urbanization in developing countries has fueled the consumption of proteins from animal sources. Compared to rural areas, the urban population consumes more meat, beef, and poultry products. Poultry is one of the major categories in the cultured meat market, which is expected to witness significant growth during the forecast period due to the increase in demand for affordable animal protein over red meats. Developing regions such as Asia Pacific and Africa are expected to account for significant growth in the next 10 years due to the shift from a cereal-based diet to a protein-based one. This growing trend of protein consumption is expected to present several opportunities for various meat processors and food companies to invest in alternative meat protein such as cultured meat to fulfill consumer demand. Recent advancements in food technology have helped in the development of new alternate protein products such as plant-based protein, cultured meats, and edible insects. These products provide a considerable amount of protein but require less natural resources compared to common protein sources such as meat and fish. This practice is gaining popularity in the market and has high growth potential. A number of players have emerged in the animal protein sector. For instance, in insect protein, nextProtein (France), founded in 2015, provides insect-based protein for feed, under its brand, Protix, which is an ideal protein source for pet food applications. In cultured meat, a handful of startups are in the R&D phase and are about to make their cultured meat products commercially available by 2021. Meatless food products such as meat-free burgers by Impossible Food (US) and pea-based shrimp by New Wave Foods (US) have already garnered a competitive edge. 

The report "Pectin Market by Type (HM Pectin, LM Pectin), Raw Material (Citrus fruits, Apples, Sugar beet), Function, Application (Food & beverages, Pharmaceutical & Personal Care Products, Industrial Applications), and Region - Global Forecast to 2025" The global pectin market size is estimated to be valued at USD 1.0 billion in 2019 and is expected to reach a value of USD 1.5 billion by 2025, growing at a CAGR of 6.5% during the forecast period. Increase in functional food & beverage consumption, the multi-functionality of pectin, and the rise in the use of natural ingredients in foods due to greater consumer awareness about healthy diets is driving the global pectic industry.

Asia Pacific is projected to grow at the highest CAGR of 6.9% during the forecast period

Asia Pacific provides the highest potential for growth due to factors such as high economic growth of the emerging economies and the increasing disposable income of individuals in the region. In Asia, the demand for drinking yogurts and low pH protein drinks is high, in which pectin is used as an essential ingredient, as it enhances the quality of products. Hence, investments by key manufacturers such as CP Kelco (US) in the Asian region is increasing. The rapidly growing economies in the Asian countries, particularly India and China, and the increasing demand for functional foods across the region is projected to drive the pectin market growth during the forecast period.

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This report includes a study on the marketing and development strategies, along with the product portfolios of the leading companies operating in the pectin market. It includes the profiles of leading companies such as DowDupont (US), Cargill, Incorporated (US), Ingredion Incorporated (US), CP Kelco (US), Tate & Lyle PLC (UK), Koninklijke DSM N.V. (Netherlands), Naturex (France), Lucid Colloids Ltd (India), Silvateam S.p.A (Italy), Compañía Española de Algas Marinas S.A (CEAMSA) (Spain), Herbstreith & Fox Corporate Group (Germany), Yantai Andre Pectin Co. Ltd. (China), B&V Srl (Italy).

The demand for pectin has created opportunities for pectin manufacturers in the emerging markets

Developing countries, namely, China and India, are projected to experience a strong upsurge in demand for pectin. This demand is expected to be driven by an increase in the production of processed and convenience foods. Emerging economies such as India and China in Asia Pacific are exhibiting high growth. Asia Pacific also provides a cost advantage in terms of production and processing. The high current and projected demand, coupled with the low cost of production, is a key feature, which is expected to aid pectin suppliers and manufacturers to target this market.

The pharmaceutical & personal care products application segment is estimated to witness the fastest growth in the pectin market, in terms of value, in 2019

Pectin is used in the pharmaceutical industry as a stabilizer, binder, film-forming agent, and suspension agent. It is disintegrated in tablet formulations and is used in other topical therapeutic bases. It is one of the most important and widely used excipients in the pharmaceutical industry. The production of pharmaceutical products is growing because of the rising population and the increasing number of diseases. Emerging countries like China, Brazil, and India are markets that are growing rapidly in this area, which is projected to drive the global pectin market size.

In the pharmaceutical industry, pectin is used to reduce blood cholesterol levels and gastrointestinal disorders. Pectin also helps to keep an emulsion from separating into its liquid and oil components. It also increases the thickness of the aqueous (water) portion of personal care and cosmetics products. Due to the multi-functionality and natural origin, pectin is gaining popularity in cosmetic applications such as lotions, after shower balms, aftershave creams, and gels.

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The food & beverage application segment is estimated to account for a larger market share, in terms of value, in 2019

The food & beverage application segment dominated the pectin market. The growth of the food & beverage industry in developing economies is projected to propel the demand for pectin. The rise in per capita income and increase in the trend of snacking between meals are driving the demand for bakery & confectionery products, convenience foods, and dairy & frozen products.

The report "Mycotoxin Testing Market by Type (Aflatoxins, Ochratoxin, Fumonisins, Zearalenone, deoxynivalenol, Trichothecenes, Patulin), Technology (Chromatography- & Spectroscopy-Based, Immunoassay-Based), Sample (Feed & Food), and Region - Global Forecast to 2025", size is projected to reach USD 1,337 million by 2025, which was estimated at USD 946 million in 2020; it is expected to grow at a CAGR of 7.1% from 2020. The market is driven by factors such as implementation of stringent regulatory compliance on mycotoxin detecton, growth in international trade that will lead to increase in testing on both souring and destination place of the goods, and increasing consumers awareness for certification of products for different toxins and food & feed born mycotoxins. Also, rising humid atmospheric condition leading to an increase in mycotoxin has been driving the growth of this market.
The mycotoxin testing market includes major Tier I and II suppliers like SGS, Eurofins, Bureau Veritas, Intertek, ALS Limited, Neogen, AsureQuality, Microbac Labratories Inc., Romer Labs, Smbio Alliance Labrotaries, OMIC USA Inc, and Merieux Nutrascience. These serivc poviders have their facilities spread across various countries across Asia Pacific, Europe, North America, South America, and RoW. Though COVID-19 has impacted their businesses as well, there is no significant impact on the global operations of their mycotoxin testing services. The international trade barriers, closure of restaurants, hotels, and live animal markets, supply chain hindrances, consumption patterns of livestock-based products were considered to be moderately significant, which has disrupted the market for myctoxin testing.
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With the introduction of stringent regulations, Europe is estimated to be the largest market during the forecast period.
The mycotoxin market in Europe is driven by the introduction of stringent regulations pertaining to the mycotoxin testing in food as well as feed. According to Europa, European Food Safety Authority (EFSA) collects and evaluates occurrence data on mycotoxins in food and feed. It also prepares guidance for applicants on how to conduct the safety and efficacy assessment of feed additives that help to reduce the contamination of feed by mycotoxins. Increasing awareness about the effects of myctoxin in food and feed products has lead to increased demand and concerns for certification details over products, this is projected to contribute to the market growth.
This report includes a study on the marketing and development strategies, along with a study on the service portfolios of the leading companies. It includes the profiles of leading companies such as SGS (Switzerland), Bureau Veritas (France), Eurofins (Luxembourg), Intertek (UK), Mérieux NutriSciences (US), ALS Limited (Australia), Neogen (US), Romer Labs (US), Symbio Laboratories (Australia), OMIC USA (US), AsureQuality (New Zealand), and Microbac (US).
The food mycotoxin testing segment is projected to be the largest market during the forecast period.
The food segment is estimated to account for a largest market share during the forecast period, as mycotoxins cannot be destroyed by conventional food processing techniques and have toxin effects in humans after consumption such as immunosuppression, irritable skin, birth defects, and neurotoxicity. International trade mandates also call for more testing to be conducted on food products. Genotyping techniques have helped scientists in the identification of mycotoxin-producing fungi. Mycotoxins in food lead to significant economic losses and impacts the international trade as well as the health of humans.
The aflatoxin segment is estimated to witness the fastest growth in the mycotoxin testing during the forecast period.
Mycotoxin prevalence is a problem growing worldwide as fungi can grow in various climatic conditions. Thus, proper testing of such contaminants at every stage of the supply chain is required to avoid foodborne diseases. Aflatoxins are considered one of the most dangerous types among the group of mycotoxins present in food and feed. It is produced by the fungi–Aspergillus flavus and Aspergillus parasiticus. This concern has lead to grow aflatoxin segment at the fastets growth rate. The mild to life-threatening disorders associated with aflatoxin contamination, birth defects among infants, chronic diarrhea, and immunosuppression. Aflatoxins are potent carcinogens and could lead to cases of liver cancer, these are the factors creating an opportunity for the growth of the aflatoxin testing market.
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Driver: Implementation of stringent regulations related to mycotoxin detection
Various government and regulatory bodies across the world have made testing of animal feed and food ingredients mandatory. The regulatory authorities do not approve animal feed for marketing, unless its safety and efficacy are proven. Such measures to prevent potential threats of contamination, chemicals, and toxic presence have been affecting the growth of the mycotoxin testing market greatly. To protect human and animal health, many countries have enacted specific regulations for mycotoxins in food and animal feed. Currently, more than 100 countries have formal mycotoxin regulations for food and feed. The mycotoxin regulations are the most stringent in the EU, where various organizations and pan-European networks contribute to combat the problems related to mycotoxin.
In May 2006, in Kenya, an outbreak of acute aflatoxicosis was reported, where aflatoxin contamination of homegrown corn has been a recurrent problem. CDC teams worked with the Kenyan Ministry of Health for the trial of a rapid, portable aflatoxin screening tool that could be used in the field to identify contaminated corn and guide urgent corn replacement efforts during an outbreak.

Pea protein is derived from yellow peas and is known for its high protein content, amino acid profile, and allergen-free nature, making it an attractive alternative to traditional animal-based protein sources like whey and soy. Pea protein is rich in protein content and provides all nine essential amino acids that the body cannot produce on its own. It's particularly high in lysine, which is often limited in other plant-based protein sources like rice protein.
The pea protein market size is predicted to grow fast to $2.9 billion by 2027, at an 11.9% CAGR. The industry's growing understanding of the benefits of pea protein, which is expected to be worth $1.7 billion in 2022, is the foundation of this upward trend.
This exponential growth can be attributed to the increasing demand for plant-based protein sources and the recognition of pea protein as a sustainable and nutritious alternative. As consumers continue to prioritize healthy and environmentally conscious food choices, the pea protein market is poised for continued success, presenting exciting opportunities for businesses and investors. Consumers are getting increasingly aware of the benefits of nutritional and health products. The usage of pea proteins has rapidly evolved in the past years, which has contributed significantly to the food & beverage, pet food, feed, textile, and pharmaceutical industrial applications. Furthermore, the rise in vegan population, popularity of plant-based foods and gluten-free products and nutritional benefits of pea-based products are key factors that are projected to drive the growth of the Pea Protein market during the forecast period.
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North America is projected to be the largest market.
North America accounted for the largest share; during the forecast period, in terms of volume and value, respectively. Increasing vegan population, increasing demand for health & wellness products, increasing awareness about sustainable lifestyle and increasing consumption of processed meat products are the key drivers of the global pea protein market.
The Yellow Split Pea in the segment by source is projected to account for the largest market share of the Pea Protein market over the forecast period.
Yellow split peas are one of the most popular pea sources among product manufacturers. This is due to peas functionality and adaptability to different product types, which is driving demand for yellow split peas in a variety of products such as plant-based meat, beverages, functional foods, and performance nutrition. Yellow split peas high protein content makes them ideal for producing pea protein isolates. They are valued for their amino acid profile, which has led to their classification as "whole proteins" when compared to dairy and meat-based alternatives. 100g of yellow split pea contains 370 calories, 1 gramme of fat, 67 grammes of carbohydrates (27 grammes of fibre, 3 grammes of sugar), 27 grammes of protein, and 25% of the RDA of iron.
The dry form Pea Protein is estimated to dominate the Pea Protein market during the forecast period.
The dry form of pea protein is more popular than wet pea protein because it has a wider range of applications. Dry textured pea proteins have a dominant market position due to their characteristics and demand in a wide range of applications. The increased demand for dry textured proteins in applications such as plant-based meat due to its’ ability to replicate the meaty texture has helped to improve the industry outlook for dry textured pea proteins. They are commonly used as a nutritional supplement formulated with yellow protein pea extract. It is mostly used as a protein filler in products like fitness shakes and smoothies.
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The report "Pectin Market by Type (HM Pectin, LM Pectin), Raw Material (Citrus fruits, Apples, Sugar beet), Function, Application (Food & beverages, Pharmaceutical & Personal Care Products, Industrial Applications), and Region - Global Forecast to 2025" The global pectin market size is estimated to be valued at USD 1.0 billion in 2019 and is expected to reach a value of USD 1.5 billion by 2025, growing at a CAGR of 6.5% during the forecast period. Increase in functional food & beverage consumption, the multi-functionality of pectin, and the rise in the use of natural ingredients in foods due to greater consumer awareness about healthy diets is driving the global pectic industry.

Asia Pacific is projected to grow at the highest CAGR of 6.9% during the forecast period

Asia Pacific provides the highest potential for growth due to factors such as high economic growth of the emerging economies and the increasing disposable income of individuals in the region. In Asia, the demand for drinking yogurts and low pH protein drinks is high, in which pectin is used as an essential ingredient, as it enhances the quality of products. Hence, investments by key manufacturers such as CP Kelco (US) in the Asian region is increasing. The rapidly growing economies in the Asian countries, particularly India and China, and the increasing demand for functional foods across the region is projected to drive the pectin market growth during the forecast period.

To know more get a PDF copy: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=139129149

This report includes a study on the marketing and development strategies, along with the product portfolios of the leading companies operating in the pectin market. It includes the profiles of leading companies such as DowDupont (US), Cargill, Incorporated (US), Ingredion Incorporated (US), CP Kelco (US), Tate & Lyle PLC (UK), Koninklijke DSM N.V. (Netherlands), Naturex (France), Lucid Colloids Ltd (India), Silvateam S.p.A (Italy), Compañía Española de Algas Marinas S.A (CEAMSA) (Spain), Herbstreith & Fox Corporate Group (Germany), Yantai Andre Pectin Co. Ltd. (China), B&V Srl (Italy).

The demand for pectin has created opportunities for pectin manufacturers in the emerging markets

Developing countries, namely, China and India, are projected to experience a strong upsurge in demand for pectin. This demand is expected to be driven by an increase in the production of processed and convenience foods. Emerging economies such as India and China in Asia Pacific are exhibiting high growth. Asia Pacific also provides a cost advantage in terms of production and processing. The high current and projected demand, coupled with the low cost of production, is a key feature, which is expected to aid pectin suppliers and manufacturers to target this market.

The pharmaceutical & personal care products application segment is estimated to witness the fastest growth in the pectin market, in terms of value, in 2019

Pectin is used in the pharmaceutical industry as a stabilizer, binder, film-forming agent, and suspension agent. It is disintegrated in tablet formulations and is used in other topical therapeutic bases. It is one of the most important and widely used excipients in the pharmaceutical industry. The production of pharmaceutical products is growing because of the rising population and the increasing number of diseases. Emerging countries like China, Brazil, and India are markets that are growing rapidly in this area, which is projected to drive the global pectin market size.

In the pharmaceutical industry, pectin is used to reduce blood cholesterol levels and gastrointestinal disorders. Pectin also helps to keep an emulsion from separating into its liquid and oil components. It also increases the thickness of the aqueous (water) portion of personal care and cosmetics products. Due to the multi-functionality and natural origin, pectin is gaining popularity in cosmetic applications such as lotions, after shower balms, aftershave creams, and gels.

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The food & beverage application segment is estimated to account for a larger market share, in terms of value, in 2019

The food & beverage application segment dominated the pectin market. The growth of the food & beverage industry in developing economies is projected to propel the demand for pectin. The rise in per capita income and increase in the trend of snacking between meals are driving the demand for bakery & confectionery products, convenience foods, and dairy & frozen products. 

The dairy alternatives market is estimated at USD 27.0 billion in 2023 and is projected to reach USD 43.6 billion by 2028, at a CAGR of 10.1% from 2023 to 2028 according to a report published by MarketsandMarkets™. Plant-based dairy alternatives offer a range of nutritional benefits that make them a popular choice for individuals seeking a healthier and more sustainable alternative to traditional dairy products. The consumption of plant-based dairy alternatives has seen a rise due to their nutritional advantages, which include lowered cholesterol levels, enhanced cardiovascular well-being, and improved diabetes management. Numerous plant-based milk substitutes, including soy milk, almond milk, oat milk, and rice milk, boast lower fat and calorie content when compared to cow's milk.
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The prevalence of dairy intolerance and allergies has spurred the exploration of dairy-free alternatives. Such alternatives serve as a remedy for those grappling with digestive discomfort or adverse reactions following the consumption of traditional dairy items. Plant-based milk substitutes, such as almond milk and coconut milk, have garnered popularity for providing a nourishing and easily digestible alternative for individuals with sensitivities. Dairy alternatives are increasingly being developed to offer not simply basic nutrition but also functional benefits. These products are often enriched with essential nutrients, including vitamins, minerals, and antioxidants, to support overall well-being. Consumers are drawn to dairy alternatives that offer specific functional advantages, such as plant-based milk fortified with added calcium to promote bone health or omega-3 fatty acids to bolster heart health.
In response to the growing demand for allergen-free choices, the dairy alternatives market has diversified its offerings to cater to diverse dietary requirements. This trend holds relevance for individuals with nut allergies, given that many traditional dairy alternatives are nut-based. Manufacturers are now introducing options derived from seeds, grains, and legumes, ensuring alternatives for those with nut allergies while maintaining nutritional value. Culinary innovation and flavor exploration have also gained prominence. Consumers no longer content themselves with plain, unflavored alternatives.
The flavored sub-segment in the formulation segment is estimated to grow at 10.4% during the forecasted period.
Flavored milk alternatives are particularly successful in replicating the creamy and indulgent qualities of traditional dairy milk. With advanced formulation techniques, manufacturers are able to closely resemble conventional dairy milk in both texture and flavor. Many people choose dairy alternatives because of lactose intolerance, milk allergies, or ethical reasons. Flavored milk alternatives offer a familiar taste experience without compromising their dietary choices. They are often perceived as a healthier alternative to sugary dairy-based products. Manufacturers are increasingly offering low-sugar and fortified versions to cater to health-conscious consumers. Flavored milk alternatives are versatile and can be used in a variety of culinary applications, such as smoothies, desserts, and baking, making them even more appealing. Heat treatment has been used to extend the shelf life of plant-based milk to increase total solids yield and improve flavor; however, excessive heating is found to cause detrimental effects on nutrients (vitamins and amino acids), browning, and the development of cooked flavor. In addition, factors such as changing lifestyles, rising health consciousness, and changing eating habits are driving the flavored & unsweetened segment. The major reason for the acceptability of this category is that these products are extremely consumer-friendly, palatable, and low in sugar. Among other players, Blue Diamond Growers (US) offers unsweetened versions of dairy alternatives in vanilla and chocolate flavors.
Almond source is estimated to dominate the by source segment in the dairy alternatives market.
Almond-based products are experiencing substantial demand within the dairy alternatives market due to their numerous advantageous qualities. The growth of the almond-based dairy alternatives sector can be attributed to factors such as its rich nutritional profile, the ready availability of raw materials, and its increasing popularity among consumers.
In accordance with USDA data, a single cup (262 grams) of almond milk contains a mere 39 calories, along with 1 gram of protein and 2.5 grams of fat. Almond milk boasts a distinct nutty flavor and is a suitable choice for vegans, individuals with lactose intolerance, and those allergic to soy milk. Furthermore, almond-based dairy alternatives prove beneficial for health-conscious consumers as they are devoid of cholesterol and saturated fats. These alternatives come in a variety of options, ranging from plain sweetened to plain unsweetened and flavored sweetened to flavored unsweetened.
As consumers increasingly seek healthier options, almond milk, being naturally lactose-free and low in saturated fat and calories, aligns perfectly with their preferences. Furthermore, dietary constraints such as vegetarianism and lactose intolerance have increased demand for almond milk as a dairy-free substitute. It also accommodates people who are allergic to nuts, as allergenic proteins are normally eliminated during manufacture. Furthermore, increased environmental consciousness has prompted customers to prefer almond milk, which has a reduced carbon footprint and takes less water to produce. Almond milk's pleasant flavor and adaptability in cooking have increased its appeal, making it a favorite ingredient in a variety of dishes. Within the dairy substitute industry, almond milk stands out as one of the most popular options, boosting innovation, expanding product lines, and appealing to a diverse consumer base.
Europe is estimated to grow at the fastest CAGR in the dairy alternatives market.
The European Union is one of the biggest dairy exporters in the world. Thus, conventional dairy has a huge share in the European market as compared to dairy alternatives. However, despite the dominance of the dairy sector in the region, a surge in the growth of the dairy and plant-based alternatives sector has been observed in recent years. Many retailers and supermarket giants are adding soy drinks and rice drinks to their product shelves as they are witnessing an increase in sales of dairy alternatives.
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Consumers in the European market prioritize health, as well as demonstrate awareness of animal welfare and environmental sustainability. Consequently, they frequently scrutinize product ingredients prior to making purchases. This heightened awareness has led to an upsurge in demand for low-fat and lactose-free food options. As a result, major industry leaders are shifting their focus towards acquiring other businesses and broadening their product offerings to incorporate plant-based dairy alternatives. In 2017, French dairy player Danone acquired WhiteWave Foods, a specialist in dairy alternatives. According to Fi Global Insights 2021, Germany has recently replaced the UK as the top consumer of dairy alternatives in the region. The rise in demand for dairy-free food & beverage products that are environmentally sustainable and healthy is driving the dairy alternatives market in Europe.
Therefore, major players in the region, such as Nutriops S.L. (Spain), Grupo Leche Pascua SA (Spain), Danone (France), and Oatly (Sweden), are trying their best to tap the region's potential by expanding and diversifying dairy alternatives portfolios to meet the consumer's demand).

The report "Microencapsulation Market by Technology (Spray, Emulsion, Dripping), Core Material (Pharma & Healthcare Drugs, PCM, Food Additives, Fragrances), Application (Pharma, Household, Agrochemicals, Textiles), Shell Material, and Region - Global Forecast To 2025", The global microencapsulation market was valued at USD 8.5 billion in 2020 and is projected to reach USD 15.5 billion by 2025 at a CAGR of 12.9% from 2020 to 2025. The market is driven by factors such as the increasing demand for fortified food products with health benefits, the increasing demand for agrochemicals due to its controlled release property, growth in construction and construction materials, as well as the widespread application in household & personal care.

North America is estimated to dominate the microencapsulation market in 2020

North America accounted for the largest market share of the microencapsulation market in 2019. The market for microencapsulation in the North American region is driven by the growing demand and awareness for value-added products in various areas such as nutrition, food, healthcare, and personal care. Due to this awareness and increased demand, companies are focusing on manufacturing functional products, with novel technologies such as microencapsulation.

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This report includes a study on the marketing and development strategies, along with a study on the service portfolios of the leading companies. It includes the profiles of leading companies such as BASF (Germany), Royal FrieslandCampina (Netherlands), Syngenta Crop Protection (Switzerland), Koninklijke DSM (Netherlands), Givaudan (Switzerland), Firmenich (Switzerland), Symrise (Germany), International Flavors & Fragrances (US), Sensient Technologies (US), Lycored Corp. (UK), Balchem Corporation (US), Encapsys (US), Arcade Beauty (US), and Koehler Innovative Solutions (Germany), Ingredion Incorporation (US), Kerry (Ireland), Cargill (US), Firmenich Incorporation (Switzerland), Dupont (US), Aveka Group (US), Advanced Bionutrition Corp (US), Tastetech Encapsulation Solutions (UK), Sphera Encapsulation (Italy), Clextral (France), Vitasquare (Netherlands), and Microtek (US).

The pharmaceuticals and healthcare drugs segment, by application, is estimated to account for the largest share in 2020

Based on application, the microencapsulation market is segmented into pharmaceutical & healthcare products, household & personal care products, food & beverages, agrochemicals, textiles, construction materials, and others. The pharmaceuticals and healthcare drugs segment is estimated to account for the largest market share in 2020. The rising demand for pharmaceutical drugs is expected to drive the demand for the market.

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Market Driver: Increase in demand for fortified food products with health benefits

The demand for microencapsulation is increasing with the growth in demand for functional and fortified food & pharmaceutical products. Microencapsulation provides integration of minerals, vitamins, flavors, essential oils, and other additives in food products to enhance the functional properties of products. The pharmaceutical sector is also greatly influenced by microencapsulation technologies due to the benefits achieved by the manufacturers. Along with the encapsulation of drugs, other active ingredients such as peptides, proteins, and DNA/RNA molecules are also encapsulated in the pharmaceutical sector to meet the market demand for value-added products.

The report "Feed Mycotoxin Binders and Modifiers Market by Type (feed mycotoxin binders, feed mycotoxin modifiers), Livestock (poultry, swine, ruminants, aquatic animals and others), Source (inorganic, organic), Form (dry, liquid) and Region - Global Forecast 2025", is estimated to be valued at USD 2.4 billion in 2020 and is projected to reach a value of USD 2.8 billion by 2025, growing at a CAGR of 3.0% during the forecast period. On the other hand, the feed mycotoxin binders and modifiers market in terms of volume is projected to reach at 2,013.5 KT during the forecast period. Factors such as the rising risk of mycotoxins in the final feed products is driving the growth of the feed mycotoxin binders and modifiers market.
The feed mycotoxin binders and modifiers market includes major product manufacturers and service providers like as Cargill (US), BASF (Germany), ADM (US), Bayer (Germany), Perstorp (Sweden), CHR Hansen (Denmark). These companies have their manufacturing and service facilities spread across various countries across Asia Pacific, Europe, North America, South America, and RoW. The companies in the global market have been affected, logistics and international demand wise. However the many businesses remained operational through the pandemic and were able to mitigate the risks to their businesses instantaneously.
The increasing adoption of mycotoxin binders and modifiers in the North American region is driving the growth of the feed mycotoxin binders and modifiers market.
The global feed mycotoxin binders & modifiers market was dominated by the North American region. The large market size of the region is attributed to the high adoption of mycotoxin binders & modifiers. This is mainly due to the increase in demand for safe and high-quality livestock-based products, food safety awareness, stringent quality regulations, and aim to reduce, prevent and eliminate the growth and presence of mycotoxin contaminant in the food chain. In the North American region, corn, wheat, and barley are the major crops used in feed production. These crops are highly susceptible to fungal growth and mycotoxin contamination. Adverse climatic conditions such as prolonged drought and flood result in increased incidences of mycotoxin contamination in crops. This also increases the contamination risk in feed, which is projected to result in economic losses. Such factors have led to an increase in demand for feed mycotoxin binders & modifiers in the region.
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This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the feed mycotoxin binders and modifiers market. It includes the profiles of leading companies such as this market include Cargill (US), BASF (Germany), ADM (US), Bayer (Germany), Perstorp (Sweden), Novus International (US), BIOMIN (Austria), Impextraco (Belgium), Norel Animal Nutrition (Spain), Chr. Hansen (Denmark), Nutreco (Netherlands), Kemin (US), Adisseo (France), Global Nutritech (Turkey), Alltech (US), Amlan international (US), Olmix Group (France), Selko B.V (Ntetherlands), Micron Bio Systems (US), Sibbiopharm (Russia), Anfotal Nutritions (India), FF Chemicals (Netherlands), Visscher Holland (Dutch), Bentoli Inc. (US), and Bonaventure Animal Nutrition (US).
By livestock, the poultry subtype is projected to dominate the feed mycotoxin binders and modifiers market during the forecast period.
The poultry segment is projected to be the largest and fastest-growing segment, in terms of livestock production. Broilers, layers, and breeders are domesticated to produce eggs and meat for commercial consumption. Growing concerns about livestock health such as improved body mass, concern about the number and quality of egg production, and enhanced feed efficiency have led to an increasing demand for the use of mycotoxin binders & modifiers in poultry feed.
By type, the clay subtype is projected to account for the largest market share in the feed mycotoxin binders and modifiers market during the forecast period.
The clay subtype dominated the feed mycotoxin binders & modifiers market. Clay is the most widely used mycotoxin binder in the feed industry. Clay mineral of aluminates and silicates are highly commercialized binders due to the increased awareness of consumers about their benefits, which is driving their market growth. Clay is highly effective against aflatoxins. There are many different silicates, and they all differ in mycotoxin binding. Chemically modified clay can bind multiple mycotoxins, including fumonisins, zearalenone, and trichothecenes. This has resulted in increased consumption of clay as a mycotoxin binder.
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According to a research report "Membrane Filtration Market by Application (Dairy Products, Drinks & Concentrates, Wine & Beer), Module Design (Spiral Wound, Tubular Systems, Plate & Frame and Hollow Fiber), Membrane Material, Type and Region - Global Forecast to 2028" published by MarketsandMarkets, the membrane filtration market is estimated at USD 7.0 billion in 2023 and is projected to reach USD 9.9 billion by 2028, at a CAGR of 7.2% from 2023 to 2028. Membrane technologies play a significant role in the purification and filtration of food & beverage products, dairy products, wineries, and breweries. Some of the prominent membrane filtration technologies, such as ultrafiltration, microfiltration, nanofiltration, and reverse osmosis, are already applied in the above-mentioned industries on a large scale. A few applications include desalination by reverse osmosis (RO), wastewater treatment by membrane reactors (MBR), and water sterilization through ultrafiltration (UF) for food & beverages. Moreover, membrane technologies effectively meet the sustainability criteria in terms of ease of use, energy consumption, environmental impact, land usage, flexibility, and adaptability, which fuels the demand for this technology.
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Asia Pacific is estimated to grow at the fastest CAGR in the membrane filtration market.
The Asia Pacific region is currently experiencing a significant increase in demand for membrane filtration technology, particularly within the dairy, food and beverage, and wine and beer industries. This surge in demand can be attributed to a combination of factors, including a growing population, urbanization, heightened consumer awareness of food safety, and an escalating preference for high-quality products. Within the dairy sector, membrane filtration processes such as ultrafiltration and microfiltration are being employed to enhance product quality, extend shelf life, standardize compositions, and reduce waste. In the food and beverage industry, membrane filtration plays a pivotal role in clarifying liquids, concentrating flavors and nutrients, maintaining product quality, and ensuring safety and compliance with rigorous standards. Additionally, in the emerging wine and beer market of the region, membrane filtration is crucial for achieving clarity, stability, flavor preservation, quality control, and production efficiency. As these industries continue to expand and evolve, membrane filtration technology is poised to play an increasingly essential role in meeting the growing demands of consumers and regulatory requirements.
Spiral wound is estimated to dominate the by module design segment in the membrane filtration market.
Spiral wound modules are a crucial component within membrane filtration systems, serving diverse industries such as water treatment, dairy, food, and beverage production, among others. These modules play a pivotal role in the separation of particles, impurities, and contaminants from liquids, rendering them an indispensable element in contemporary filtration technology. The structure of spiral wound modules comprises a permeate collection tube, a feed spacer, and multiple layers of flat sheets or hollow fiber membranes arranged in a spiral configuration. This design optimizes the available surface area while minimizing the physical footprint, resulting in the high efficiency of spiral wound modules across a range of filtration processes.
Notably, spiral wound modules are commonly employed for the removal of dissolved solids from solutions, especially in nanofiltration and reverse osmosis processes. These modules are available in various configurations, featuring different types of spacers, membrane materials, lengths, and diameters, which makes them versatile and adaptable to numerous applications. They find application in processes related to bottled water, dairy production, and the beverage industry.In the realm of juice concentration processes, spiral wound modules demonstrate remarkable efficiency and enjoy widespread use, particularly in the concentration of juices derived from sources like sugarcane, oranges, and synthetic sources. In the dairy sector, these modules are indispensable for tasks such as whey and cheese concentration. Prominent industry leaders, such as Koch Membrane Systems, offer a diverse range of highly effective spiral membrane modules tailored specifically for the dairy industry. These solutions assist dairy producers in reducing production costs while maintaining the production of high-quality dairy products.
The reverse osmosis in the type segment is estimated to grow at 7.5% during the forecasted period.
Reverse osmosis is a widely employed water purification method in the food and beverage industry known for its exceptional efficiency, capable of removing nearly 99% of various mineral contaminants. This process involves applying pressure to drive water through a semi-permeable membrane, effectively eliminating a wide range of impurities such as particles, flavors, colors, and odors. Traditional reverse osmosis systems are typically designed with multiple stages, each responsible for reducing half of the wastewater generated in the preceding stage.
In the beverage sector, reverse osmosis has gained significant prominence. Since water constitutes a crucial ingredient in the beverage manufacturing process, the filtration of water holds paramount importance. Beverage manufacturers are exceptionally meticulous when it comes to the purity and sterility of the water they employ. Usually, the water used in the beverage industry is sourced from municipal supplies, which, while potable, may contain traces of hardness or heavy metal deposits often originating from the water transportation infrastructure. These impurities have the potential to impact the water's taste, subsequently affecting the overall flavor of the beverages produced. To mitigate this concern, reverse osmosis is implemented in beverage production facilities.
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Major players profiled:
Alfa Laval (Sweden), GEA Group Aktiengesellschaft (Germany), DuPont (US), Pall Corporation (US), 3M (US) and TORAY INDUSTRIES, INC.(Japan) are among the key players in the global membrane filtration market. To increase their company's revenues and market shares, companies are focusing on launching new services, developing partnerships, and expanding their laboratory facilities. The key strategies used by companies in the food pathogen testing market include geographical expansion to tap the potential of emerging economies, strategic acquisitions to gain a foothold over the extensive supply chain, and new service launches because of extensive research and development (R&D) initiatives.