Seaweed Protein Market by Source (Red Seaweed, Green Seaweed & Brown Seaweed), Extraction Process (Conventional Method & Current Method), & Region

The Seaweed protein market is estimated at USD 585 million in 2022; it is projected to grow at a CAGR of 14.1% to reach USD 1131 million by 2027. Increasing awareness regarding nutrition and healthy lifestyles is driving the market for seaweed protein. It is widely known that having a healthy immune system can help reduce the risk or severity of diseases and infections. When combined with proper nutrition, seaweed protein can enhance the body’s natural defenses and immunity. As people become more conscious of holistic wellbeing, and growing population shifting towards a plant based lifestyle the market for seaweed protein is expected to increase in the coming years.The growth of this market is estimated to be driven by the increasing health awareness among consumers. Seaweed protein are a growing application of plant based products. The food and nutrition industries have evolved to give consumers a more personalized experience to compensate for dietary loss through supplemental nutrition.

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The green seaweed segment by type is projected to achieve the highest CAGR growth in the Seaweed protein market.

Over the past couple of years, the green seaweed segment has witnessed significant growth in terms of value sales. Green seaweeds, scientifically known as chlorophyte, gain their green color from beta-carotene, chlorophyll, and various other xanthophylls. Green seaweeds exist in the multicellular as well as unicellular form and are mainly found in freshwaters. Green seaweeds can also be grown in marine habitats and can be terrestrially grown on soil, trees, or rocks Green algae, serve as an important food source for humans. It has long been a component of Japanese cuisine. There are about 30 different types of edible seaweed, all of which are naturally high in minerals like calcium, copper, iodine, iron, magnesium, manganese, molybdenum, phosphorus, potassium, selenium, vanadium, and zinc. Sea lettuce, sea palm, and sea grapes are examples of edible green algae. The pigment beta carotene, found in green algae, is used as a food coloring. Carotene has also been proven to be effective in the prevention of some cancers, such as lung cancer. The protein content for green seaweeds is moderate i.e., 9- 26% of dry weight. Some green seaweeds, which contain a high protein level are also processed for the manufacturing of foods.

By extraction, the conventional segment is estimated to account for the largest market share in the Seaweed protein market.

The conventional extraction method includes physical processes methods such as aqueous treatment and Potter homogenization, osmotic stress, and high shear force. This process is mostly used for extracting proteins from different species of seaweeds such as Palmaria palmata, Ulva fasciata, Sargassum vulgare, and Porphyra. Among all the conventional methods of seaweed protein extraction, the enzymatic hydrolysis segment dominated the market. Aqueous treatment and Potter homogenization include physical grinding of cells with the use of a Potter homogenizer significantly followed by immersion in ultra-pure water. Conventional method allows minimal processing which is preferred by customers.

The food segment by mode of application is estimated to account for the largest market share of the Seaweed protein market over the forecast period.

Because of the safety issues connected with synthetic components, demand for seaweed protein-based products is projected to grow significantly in the coming years. Natural food additives have a good impact on consumers health, which has increased demand for protein in food products. Most human applications, such as food, vitamins, and cosmetics, choose seaweed protein-based products since they have no negative consequences. The desire for natural antioxidants, anti-inflammatory agents, plant proteins, and other secondary metabolites is likely to drive up demand for seaweed protein-based products. Other Applications like Semi-sweet biscuits, cereal bars, and breadsticks have all used seaweeds. The nutritional profile of wheat and pasta was also improved by seaweeds.

Europe is projected to achieve the Highest CAGR growth in the Seaweed protein market.

The use of seaweed protein-based products in the pharmaceutical and nutraceutical industries has just increased as people become more aware of the nutritional value and benefits of eating seaweed. The European Commission, CINEA, and a consortium of EurA AG, EABA Systemiq, Technopolis, and s.Pro have developed EU4Algae, which is projected to stimulate demand for seaweed protein in Europe due to the growing health and environmental effect of eating meat products. The European Commission has identified seaweed protein as a major source of alternative protein for a sustainable food system and global food security. This three-year initiative will help Europe establish a regenerative, resilient, equitable, and climate-friendly algae business while also introducing new algae species to the market.

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Key Market Players

The key players in this market include CP Kelco U.S., Inc. (US), Algaia (France), Algea (Norway), Qingdao Gather Great Ocean Algae Industry Group Co, Ltd (China), Qingdao Brightmoon Seaweed Co Group Co. Ltd (China), Cargill Incorporated (US) Gelymar SA (Chile), Ceamsa (Spain), BASF (Germany), Irish Seaweed (Ireland), Dupont Nutrition and Biosciences (US), Compo Expert Group (Germany), Beijing Leili Agricultural Co, Ltd (China), Groupe Roullier (France), Acadian Seaplants (Canada). These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

Spray Drying Equipment Market by Product Type (Rotary Atomizer, Nozzle Atomizer, Fluidized, Centrifugal), Application (Food, Pharmaceutical, Chemical, Feed), Flow Type, Region

The global spray drying equipment market size is estimated to be valued at USD 4.5 billion in 2020. It is projected to reach USD 6.0 billion by 2025, recording a CAGR of 5.7% during the forecast period. The market has a promising growth potential due to several factors, including the rising consumption of processed and RTE food products and technological innovation in the field of spray drying equipment.Key players in this market include GEA Group AG (Germany), SPX Flow (US), Shandong Tianli Drying Technology & Equipment (China), European Spraydry Technologies (UK), Buchi Labortechnik AG (Switzerland), and Labplant (UK), Advanced Drying Systems (India), Freund Vector Corporation (US), Dedert Corporation (US), Carrier Vibrating Equipment Inc. (US), and Yamato Scientific America (US), Tetra Pak International SA (Switzerland), G Larsson Starch Technology AB (Sweden), Hemraj Enterprise (India), and Acmefil Engineering Systems Pvt. Ltd. (India).

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GEA Group develops and produces process technology and equipment for various industries such as food, pharmaceuticals, and chemicals. Engineering solutions offered by GEA range from single pieces of equipment to complete plants. The spray dryers offered by GEA cater to several food & beverage applications such as sugar and sweeteners for breakfast cereals, paste from a variety of fruits, berries & vegetables, beverage extraction & concentration, mixing of flavors & aromas, soy protein, food colors, cocoa mixture, amino acids, carbohydrates, starch, malt, low-calorie sweeteners, which include sorbitol and xylitol. The company undertook various expansions and partnerships for growth in the spray drying market. For instance, the company has partnered with Danone (Netherlands), which is a leading manufacturer of baby formula. The company uses spray dryers, which can guarantee reliable, high-quality, and consistent powders. For this, GEA configured and installed 5 MVR evaporators, along with 2 MSD spray dryers to provide an ideal solution for manufacturing a varied nutritional formula product portfolio. This has helped the company in acquiring new clients in the European region, as well as understanding the real-time need of customers.In April 2016, GEA launched the MM-100 spray dryer, which is an addition to its Mobile minor spray dryer range. The timely modifications in design, according to consumer preference, have made the product a significant success, particularly in the pharmaceuticals industry.
The modifications made in the design of the existing products increase the product applicability, and hence, is increasingly preferred by the existing clients.

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SPX FLOW is one of the leading global suppliers of highly specialized engineering solutions and equipment. It has operations in more than 35 countries and sales in over 150 countries across the globe. The company particularly serves the food, beverage, oil & gas, power generation (nuclear and conventional), chemical processing, compressed air, pharmaceutical, and mining markets globally. The product portfolio of this company includes pumps, valves, mixers, spray dryers, filters, air dryers, hydraulic tools, homogenizers, separators, and heat exchangers, along with related aftermarket parts and services. The company offers engineering equipment under 15 categories, such as analyzers, clarifiers, dispersion equipment, dehydration equipment, dryers, evaporators, fittings, filtration equipment, heat exchangers, mixers, pumps, separators, strainers, systems, and valves. Spray dryers are offered under the dryers category and serve the global dairy, food, beverage, industrial, healthcare, pharmaceutical, starch, and ethanol industries.In December 2017, SPX Flow partnered with dairy ingredient plants in Galicia, Spain. The company would set up new spray drying equipment plants for the production of infant formula and sports & clinical nutritional products. This would help the company in increasing its geographical footprint, as well as widening the applicability of its products.

Extruded Snacks Market by Type (Simply extruded, Expanded, Co-extruded), Raw Material (Wheat, Potato, Corn, Oats, Rice, Multigrain), Manufacturing Method (Single-screw, Twin-screw), Distribution Channel, and Region

The report "Extruded Snacks Market by Type (Simply extruded, Expanded, Co-extruded), Raw Material (Wheat, Potato, Corn, Oats, Rice, Multigrain), Manufacturing Method (Single-screw, Twin-screw), Distribution Channel, and Region - Global Forecast to 2026" The global extruded snacks market size is projected to reach USD 65.2 billion by 2026, from USD 48.3 billion in 2019, recording a CAGR of 4.4% during the forecast period. The busy lifestyles that result in lesser time to cook meals and an increase in disposable income are projected to drive the extruded snacks industry growth during the forecast period.

The market for extruded snacks across the globe is dominated by snacks made from wheat, by raw material.

The wheat segment in the extruded snacks market is estimated to account for the largest share in 2019. Wheat is low in fat and carbohydrates as compared to potato and corn, and high in dietary fibers. Wheat is gaining popularity as a healthy snack option, and manufacturers have been developing products in a wide range of flavors. Companies are also marketing their products by targeting consumers who prefer such healthy snacks and are providing healthier alternatives by replacing conventional raw materials, thereby boosting the overall growth of the extruded snacks market.

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The market for expanded snacks is projected to record the highest CAGR during the forecast period.

The expanded snacks segment in the market for extruded snacks is projected to grow at a significant rate. Many multigrain snacks of high fiber and nutrient content fall under this category. The rise in health awareness has increased the popularity of expanded snacks. Consumers have started to prefer snacks that are mostly baked or roasted. Many ingredients, such as corn, multigrain, and rice, are used for these snack productions. These snacks are low in bulk density and are popularized as high-fiber and low-calorie healthy snacks.

The snack sale through the hypermarkets and the supermarkets is estimated to be the highest due to the increasing number of such outlets across the globe.

Among the distribution channels, hypermarkets & supermarkets are estimated to form the largest segment in 2019. It is projected to be the largest as well as the fastest-growing market during the forecast period. The wide range of varieties offered and the advantage of real-time comparison among brands for consumers are the prime reasons for the success of hypermarkets and supermarkets in the overall market for extruded snacks. Also, these formats not only support the on-the-go snacking trend, but also support impulse purchases.

The extruded snacks market in the Asia Pacific region is projected to grow at the highest CAGR from 2019 to 2026.

Factors driving the growth of the Asia Pacific market include the increasing adoption of the Western culture in the region, growing disposable income, and on-the-go snacking trend among the urban population due to busy lifestyles. Due to the developing economic conditions across a majority of the countries, consumers in the region prefer the consumption of cheaper products, and hence, mostly opt for generic or domestic brands. Due to the growing trend of hypermarkets & supermarkets within the region, the availability of such snacks has become much easier, which is further bolstering the market growth in Asia Pacific.

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Key Market Players:

Many domestic and global players provide extruded snacks of various types across the world. Major manufacturers have their presence in the North American and European countries. Key players operating in this market include Calbee, Inc. (Japan), PepsiCo, Inc. (US), Kellogg Company (US), Campbell Soup Company (US), General Mills, Inc. (US), ITC Limited (India), Grupo Bimbo, S.A.B. de C.V. (Mexico), Old Dutch Foods Inc. (US), Lorenz Snack-World (Germany) , Amica Chips S.p.A. (Italy), Universal Robina Corporation (Philippines), Balance Foods, Inc. (US), JFC International (US), Ballreich Snack Food Company (US), Barrel O’ Fun Snack Foods Co., Inc. (US), Chipita S.A.(Greece), Tropical Heat (Kenya), Griffin’s Foods Limited (New Zealand), ICA Foods International (Italy), and San Carlo (Italy).

The global agrochemicals market size is estimated to grow from USD 208.6 billion in 2020 and is projected to reach USD 246.1 billion by 2025, at a CAGR of 3.4% during the forecast. Increasing demand for food supply due to the rapid growth in the human population has triggered agricultural intensification during the last few decades. For addressing the growing food demands, agrochemicals (fertilizers and diverse pesticides) are rigorously used in agriculture, which accomplishes the gap between food production and consumption. However, concurrently unbalanced use of agrochemicals also causes environmental deterioration and poses severe challenges to aquatic and terrestrial ecosystems. Various research studies have indicated that fertilizers and pesticides used in agriculture have been substantially increased in developed and developing countries in recent years for attaining maximum yields of crops.

COVID-19 impact on the agrochemicals market

The crop protection sector is in huge demand in recent years, with its increasing importance on the growth. This is because it has a lot to do with the well-being of the plants and the consumers. The components that are used in the production of agrochemicals are sometimes chemicals and sometimes biological species, which ultimately help in controlling the pests from damaging the crops or helps improve soil fertility. This results in healthy crop production with no health issues. With these concerns, farmers have started the usage of various agrochemicals to prevent damage and hence, increase productivity. Due to the emergence of the COVID-19 pandemic, there has been a supply chain disruption because of which the agricultural sector had to face problems such as labor unavailability, transportation barriers, restriction for market access, and lack of inventories in some regions. Many fertilizer and pesticide manufacturers were facing issues due to lack of raw material availability, which has led to the reduction of various agrochemical product manufacturing. Post COVID-19, the agricultural activities have normalized, which has helped the companies to deliver products to target locations. Agrochemicals, such as pesticides and fertilizers, play an important role, as they have been able to serve as an important solution for farmers across the globe.


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Global agrochemicals market dynamics

Drivers: Increasing adoption of agrochemicals in developing countries
Continuous advancements in the technology used in agriculture have led to a shift in farming practices. With the increased export and import of agricultural commodities across different geographies, especially in developing regions, new types of harmful organisms have emerged, leading to an increase in the demand for novel active ingredient products to safeguard crops.

Globalization of the agrochemical industry has a huge impact on the Asian crop protection markets. With the highest rate of population growth, increasing the need for food production, and economic growth, the demand for various agrochemicals such as herbicides and pesticides are increasing. While the demand for food products is increasing in the developing countries of Asia Pacific, the available landmass for agriculture is shrinking due to the increased effect of urbanization that propels farmers to use various agrochemicals to maintain soil health and increase land productivity.

Restriants: Growth of the organic fertilizer industry
The organic food industry witnessed high growth across the emerging countries, with increasing awareness regarding health, environment protection, food safety, and animal welfare reforms. The demand for organic food products is increasing, and according to the estimates of the Organic Trade Association, nearly 81% of American families reported to be purchasing organic food products at least once. The growing market demand for safe and healthy food products and improving per capita income are factors that are estimated to continue driving the organic food industry and increase the usage of biofertilizers, which, in turn, affects the consumption of chemical fertilizers.

Opportunities: Production of sustainable bio-based agricultural products
Due to the toxic ingredients contained in the chemicals agricultural products, their pollution levels are so high that they cause serious and, most of the time, fatal effects to the environment. These negative effects can be experienced from the production of the product to the consumption of the plants that these products have been applied on. Most biological products occur naturally, which reduces the cost of production, resulting in relatively cheaper prices compared to chemical pesticides, whose manufacturing cost is high. This results in the consumer footing the bill at a relatively costlier price. Records have shown that pests tend to become resistant to conventional pesticides, thus proving that it is not a long-term solution, something that never happens with the use of organic pesticides and fertilizers. Hence, the agrochemical manufacturing companies are constantly adapting to the changing demands by developing novel products and technologies. Bio-based products are one of the focus areas of agrochemical companies. With the increasing awareness of eco-friendly and sustainable products, bio-based agrochemicals are being increasingly developed as potential alternatives for synthetic chemicals in a variety of applications.

Challenges: Intense competition between players in the market
The market for agrochemicals is highly fragmented, comprising of a large number of big and small players. The majority of players in the market are located in the European region and offer a variety of products. With the growing demand for various agrochemical products, the major players in the market are focusing on R&D investments to launch products, which would cater to the requirements of the consumers. For instance, Compass minerals (US), Bayer (Germany), and Syngenta (Switzerland) launched a range of products to cater to the demand for new and effective pesticides to protect crops from various pests. The huge demand has also aided the growth of the distributors in the market who cater to the demand from niche markets.

Asia Pacific is the fastest-growing market during the forecast period in the global agrochemicals market
Being the largest as well as the most populous region in the world, Asia Pacific is one of the key markets for agrochemicals. However, it continues to remain untapped by major market players. The region accounted for almost 30% of the land available on Earth and nearly 60% of the human population, according to the World Bank. To meet the food requirement of this huge population, the use of pesticides has increased significantly in the region. India, Japan, Australia, and Thailand are the highest pesticide- consuming countries in the world. In addition to this, a decrease in arable land per person in India, China, and Southeast Asia countries is a very serious concern.

The increasing need for food crops in the region has fueled the use of pesticides to enhance crop yield. The use of pesticides is becoming a common practice in India, China, and other less-developed countries in the region, leading to growth in areas where there had previously been very little or no pesticide usage. However, the lack of awareness and advanced technology, adverse socio-economic conditions, and fragmented landholdings are the main hurdles for developing the crop protection chemicals market in the Asia Pacific region.

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Key participants in the agrochemicals market such as Bayer (Germany), BASF (Germany), Yara International (Norway), Compass Minerals (US), and Syngenta (Switzerland). These players have focused on strategies such as new product launches and expansions to gain a larger market share in the agrochemicals feed market. Some of the other dominant players in the market include Adama Ltd (Israel), Sumitomo Chemicals (Japan), Nufarm Limited (Australia), UPL (India), K+S Group (Germany), and Israel Chemical Company (Israel). The market for agrochemicals for the study has been segmented by fertilizer type, by pesticide type and by crop type.

Agricultural Pheromones Market by Crop Type, Function (Mating Disruption, Mass Trapping, Detection & Monitoring), Mode of Application, Type, and Region

The global agricultural pheromones market size is estimated to be valued at USD 2.9 billion in 2021. It is projected to reach USD 6.1 billion by 2026, recording a CAGR of 16.1% during the forecast period. The preference for conventional insecticides is declining. The recent ban on insecticide groups of neonicotinoids, such as thiamethoxam and fipronil, by the European Union is also a key factor that is projected to drive the growth of the agricultural pheromones market in Europe. Despite the growing awareness about IPM through government initiatives, crop growers are increasingly dependent on conventional inputs to increase crop productivity. However, significant growth in the application of pheromones for crops, such as grapes, cotton, sugarcane, peaches, okra, and oil palms, is witnessed in the region.

According to Bayer CropScience one of the leading crop protection product manufacturers, understanding the many forms of biological and natural control agents is becoming increasingly important, and in several sectors, these products form the cornerstone of crop protection while in others their role is growing. Insect pheromones are essential components of monitoring and management used as tools targeting pests of agricultural crops. Mating disruption, mass trapping, attract-and-kill, and push-pull are some of the direct pest control strategies that depend on the use of pheromones. 

Compounds are formulated in protective matrices or reservoirs that emit the pheromone which are usually synthetic copies of naturally existing pheromones over weeks or months. Pheromone-baited traps are used to detect exotic invaders, to decide whether pest levels are sufficient to warrant intervention, and to time the application of conventional insecticides or other control measures.

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Synthetic pheromones are currently allowed by the U.S. Department of Agriculture (USDA), National Organic Program (NOP) for use in insect management (7 CFR 205.601(f)), and many synthetic pheromone products are registered as pesticides by the United States (U.S.) Environmental Protection Agency (EPA). Some of the key players in the global agricultural oheromnes market are Bayer CropScience, Shin-Etsu Chemical Co., Ltd, Koppert Biological Systems, Isagro Group, Biobest Group NV, Suterra LLC, and Russell IPM. These companies are actively taking up growth and product development initiatives inorder to establish their presence in the global markets. Bayer in March 2021 introduced Vynyty Citrus, its latest biological and pheromone-based crop protection product to control pests on citrus farms during the International Symposium on Horticulture in Europe – SHE2021.

BioPhero (Denmark) a Danish insect pheromone start-up company, in March 2021 raised around USD 1.68 Million (€14.2 million) in Series A funding led by DCVC Bio with participation from new investor FMC Ventures, as well as existing investors Syngenta Group Ventures and Novo Holdings. Pheromone control of pests also aptly fits with the shift towards precision agriculture. An insect-targeted approach ensures that only the problematic species are interfered with, leaving advantageous species to flourish. Thus with rising product innovation by global players and increasing adoption by farmers is driving the global market growth for agricultural pheromones.

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Insect Protein Market by Insect Type (Cricket, Grasshoppers, Ants, Mealworms, Black Soldier Flies, and Others), Application (Food & Beverages, Animal Nutrition, Pharmaceutical & Cosmetics), Distribution Channel and Region

According to a research report Insect Protein Market by Insect Type (Cricket, Grasshoppers, Ants, Mealworms, Black Soldier Flies, and Others), Application (Food & Beverages, Animal Nutrition, Pharmaceutical & Cosmetics), Distribution Channel and Region – Global Forecast to 2027″ published by MarketsandMarkets, the global insect protein market will grow to USD 3.3 billion by 2027, growing at a CAGR of 33.4% during the forecast period. The demand for animal protein is expanding quickly in emerging economies. The rising regulatory approvals from the developed regions for use of insect protein is propelling the growth of insect protein market.

The food & beverage segment is the fastest growing among the various application of insect protein during the forecast period

The major buyers in this market are food and beverage companies, dairy-alternative manufacturers, and feed industrials among others. The supply of insect protein affects the production of insect-based food and beverages production. Insect-based protein is considered a viable alternative source for protein, majorly in food and feed applications. Though whole insects are also available in the market as a rich source of protein, the scope of this report has been limited to only the processed products available as insect protein.

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Asia Pacific region is witnessing the highest growth rate in the insect protein market

Southeast Asian countries have a tradition of entomophagy but do not have regulations related to the breeding, sale, and export of insects. However, insect protein manufacturers have a high opportunity in the animal nutrition segment. Pharmaceutical and cosmetics are among the growing segments in the region, especially in China and Japan. The food consumption per capita is projected to increase in Australia, as the population is projected to reach 35.9 million by 2050, according to a report published by Australian Government.The major players include EnviroFlight (US), InnovaFeed (France), HEXAFLY (Ireland), Protix (Netherlands), Global Bugs (Thailand), Entomo Farms (Canada), and Ynsect (France) among others.

The offline distribution channel is most widely used and held the largest market share in 2021, primarily owing to its of ease of accessibility and convenience.

Offline distribution includes supermarkets, hypermarkets, convenience stores, and specialist retailers. Few consumers prefer online platform because of ease of accessibility and convenience. The dominance of offline distribution channel is primarily driven by the demand from developing countries. These countries are the large consumers of insect protein and do not have well established online distribution channel.

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Membrane Filtration Market by Application (Dairy Products, Drinks & Concentrates, Wine & Beer), Module Design (Spiral Wound, Tubular Systems, Plate & Frame and Hollow Fiber), Type, Membrane Material, & Region

Membrane Filtration Market is estimated at USD 16.1 billion in 2022. It is projected to reach USD 22.1 billion by 2027, recording a CAGR of 6.5% from 2022 to 2027, according to a new report by MarketsandMarkets™. Developing, as well as developed economies in countries such as the UK, India, China, and the US are regulating packaged drinking water, thereby focusing on utilization of membrane filtration technology. Plus, the growing alcoholic beverage consumption in developing countries could act as a driving factor for the membrane filtration market growth, as distilling alcohol uses reverse osmosis.

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Ultrafiltration and microfiltration find the majority of dairy and beverage concentrates applications.

Dairy industry incorporates majorly all kinds of filtration technologies such as MF, NF, UF, and RO. Microfiltration is incorporated to lower the bacteria and fat elimination in whey and milk along with protein and casein standardization. Microfiltration has proven to be highly effective in eliminating contaminants and substances that cause haze in juice products. Therefore, UF membranes are widely used in the juice industry for clarification, concentration, and de-acidification of juices and is expected to continue its demand in the next couple of years.

Stringent food safety regulations are driving the Europe membrane filtration market.

Europe is the third-largest region in the global membrane filtration market and is majorly inspired by the growing demand for membrane filtration equipment from dairy, functional food, and nutraceutical industries. Europe has major dairy producing countries such as Spain, Italy, UK, and Germany. Growing awareness among European consumers about the quality of food products and the ingredients included in their diets. Additionally, an increase in the consumption of fortified, low-salt and low-fat food; and of food with more health advantages is one of the key factors driving the demand for functional food products in the region. Manufacturers of these products use high-end technologies including membrane filtration that is expected to upscale the demand for membrane filtration technology in the upcoming years.

Easy to use feature of ceramic membranes has gained traction from the food and beverage processing industry.

Ceramic membrane provides different benefits such as high abrasion resistance, fluxes, durability, and bacteria resistance, owing to this the ceramic membrane segment is projected to be presented with attractive opportunities in the future. Moreover, because of characteristics such as exceptionally high chemical and physical stability, effective separation, and long lifespan, it has been observed that water processing, as well as food processing industries prefers membranes with ceramic material, which eventually anticipated to strengthen membrane filtration market growth.

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The key players in this market include Alfa Laval (Sweden), GEA Group (Germany), Dupont (USA), Suez (US), Pall Corporation (US), 3M (US), Koch Separation Solutions (US), Veolia (France), Prominent (Germany), Pentair (US), SPX Flow (US), Porvair Filtration Group (UK), Evoqua Water Technologies LLC (US), Donaldson Company, INC (US), and Mann+Hummel (Germany). These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions. 


Nut Products Market by Product Type (Nut Butter, Nut Paste/Marzipan Paste/Persipan Paste, Nut Fillings with Cocoa, Nut Fillings without Cocoa, Caramelized Nuts, and Nut Flour), Nut Type, Application, Quality, Category and Region

According to a research report Nut Products Market by Product Type (Nut Butter, Nut Paste/Marzipan Paste/Persipan Paste, Nut Fillings with Cocoa, Nut Fillings without Cocoa, Caramelized Nuts, and Nut Flour), Nut Type, Application, Quality, Category and Region – Global Forecast to 2027″ published by MarketsandMarkets, the global nut products market size is estimated to be valued at USD 6.7 billion in 2022. It is projected to reach USD 8.9 billion by 2027, recording a CAGR of 5.9% in terms of value. An increasing number of new product launches consisting of nuts as key ingredients to drive the nut products market.

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The industrial food manufacturers segment is anticipated to dominate the nut products market

By application, the industrial food manufacturers segment is projected to gain a major share in the market. Consumers’ preference for nut-based products is driven to assist with weight management, improve muscle mass, and inclination toward clean label products. Nut ingredients are considered the most desired, as they make bakery and confectionery products crunchier in texture and provide nutrients while also improving the taste.

The premium/specialty products segment is forecasted to grow at a higher CAGR in the nut products market

Based on quality, the premium/specialty products segment is projected to grow at a higher CAGR in the market during the review period. Various mechanisms and better planting materials have been used to improve and support the number and quality of nuts produced throughout recent times. These changes have reassuring effects on cropping systems and related agro-ecological management systems.

The organic segment is anticipated to grow at a higher CAGR in the nut products market during the forecast period

The organic segment is projected to gain major share in the market by category. The absence of chemicals in organic nuts makes them different from conventionally grown nuts. Pesticides have been associated with a higher chance of conditions like ADHD, autism, cancer, and other reproductive and cognitive problems. Due to this, the demand for organic nuts is growing rapidly.

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The European region is projected to account for a major share in the nut products market during the forecast period

The European countries are Germany, France, Italy, the UK, Spain, Belgium, and Turkey. According to the Federal Association of the German Confectionery Industry (BDSI), the current trend in Germany is inclined toward healthy nuts and nut-fruit mixes. In Germany, nuts are majorly consumed as snacks and are considered vital ingredients in numerous traditional recipes, including cereals, marzipan, bakery items, and chocolates. The per capita consumption of nuts rose from 0.5 kg in 2014 to 1.8 kg in 2019. Additionally, a sizable population of immigrants and ethnic groups from Mediterranean nations reside in Germany. Their diets tend to be richer in dried fruits and nuts than the typical German diet.

Juice concentrates are obtained by removing water from the fruit juice to make it more suitable for storage, shipping, and resale in retail stores.

According to a research report "Juice Concentrates Market by Type (Fruit, and Vegetable), Application (Beverages, Soups & Sauces, Dairy, and Bakery & Confectionery), Ingredient (Single-, and Multi-Fruit and Vegetable), Form, and Region - Global Forecast to 2027" published by MarketsandMarkets, the global juice concentrates market is estimated to be valued at USD 73.7 billion in 2022. It is projected to reach USD 93.7 billion by 2027, recording a CAGR of 4.9% during the forecast period. As a part of adopting a clean and healthy lifestyle, there is a rise in consumption of fruit and vegetable juice concentrates by the consumers across the globe. The global market has also witnessed a rising demand for juice concentrates across different industries including food and beverages, bakery, dairy and others. With this rising demand, the manufacturing players have came up with various innovations and products to support the rising need.

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Oranges will have the highest CAGR during the forecast period in terms of value

The ever-increasing demand for fruit juices in every corner of the world is the key factor driving the global growth of orange concentrate goods. Orange juice concentrates are rich in vitamin C. Immunity-boosting, cognitive-boosting, and mood-boosting beverages are in high demand, and consumers want these advantages in their beloved fruit juices as well. To emphasize functional component combinations, orange will be blended with various berry, botanical, and citrus elements. Rising demand for convenience products in developed regions of North America and Europe is leading to an increasing demand for orange concentrates.

Powdered concentrates will see a greater demand in the bakery market for applications such as flavoring agents

Juice concentrates are used in the bakery & confectionery industry in the form of a sweetener and colorant. It is also applied as icing to decorate baked products such as cakes and muffins. The utilization of juice concentrates provides a balanced and natural flavor compared to plain water. Manufacturers consider juice concentrates as a suitable substitute for sugar during the production of bakery products, and the demand for health products has encouraged manufacturers to produce innovative and new products for consumers who are willing to pay a premium amount for the consumption of healthy bakery food.

Bakery and confectionary manufacturers are incorporating fruit and vegetable components into their products to increase the nutritional content of the product, thereby attracting health-conscious consumers as well as a segment of consumers who want to indulge in these products but in a more mindful manner.

The beverages segment is expected to dominate the juice concentrate market

The beverage industry is one of the most flourishing industries in the world and is influencing the juice concentrates market globally. Manufacturers are introducing new and innovative products to the market to suit the demand of the people who prefer fruit flavors in their drinks. Moreover, the health-conscious public has a high demand for health and energy drinks which has further driven the juice concentrates market as juice concentrates provide the required nutrition in these drinks. There is a high demand for flavored milk in developed regions such as Europe, which has led to the demand for fruit concentrates in milk to satisfy the consumers taste buds.

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North America is projected to be the second largest market in juice concentrate industry.

The North American juice concentrates market has an important share in the markets of fruits such as cranberry, lime, and lemon. The markets within North America studied for this report are the US, Canada, and Mexico. The U.S. contributes to two-thirds of the global cranberry production, and hence, the number of manufacturers of cranberry concentrates in this country is high. The juice concentrate market in Canada faces competitive pressure and unfavorable consumer trends. The manufacturers are most strongly affected by the change in per capita income, health trends, prices of substitutes, and weather conditions. This is due to the geographic location of the country. The increased demand for convenience food products offers growth opportunities to juice concentrate manufacturers. Major players in the juice concentrate market in the region are also innovating their product offerings to improve their product portfolios.

The key players in this market include Archer Daniels Midland Company (US), Südzucker AG (Germany), Ingredion Incorporated (US), SunOpta, Inc (Canada), Kerry Group PLC (Ireland), IPRONA SPA (Italy), Symrise AG (Germany), Döhler Group SE (Germany), SVZ International B.V (Netherlands), and Kanegrade Limited (UK).

Seed Treatment Market by Type, Application Technique (Coating, Dressing, Pelleting), Function (Seed Protection and Seed Enhancement), Formulation, Crop Type (Cereals & Grains, Oilseeds, Fruits & Vegetables) and Region

The report "Seed Treatment Market by Type, Application Technique (Coating, Dressing, Pelleting), Function (Seed Protection and Seed Enhancement), Formulation, Crop Type (Cereals & Grains, Oilseeds, Fruits & Vegetables), and Region - Global Forecast to 2027", published by MarketsandMarkets, is estimated at USD 6.1 billion in 2022; it is projected to grow at a CAGR of 8.3% to reach USD 9.2 billion by 2027. Asia Pacific accounted for the fastest region, during the forecast period, in terms of volume and value, respectively. Asia Pacific comprises of the largest developing countries with vast agricultural lands as compared to other regions. The per capita income of the region depends on the agricultural activities conducted in the countries. The key countries that play an important role in the agriculture sector in this region are India, China, Japan, and Thailand. Cereals & grains, fruits & vegetables, are the leading agricultural commodities grown in these countries. Rice cultivation and the predominance of small-scale manufacturers are widely seen across all the countries of Asia Pacific.

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North America dominates the market contributing to 39% in the global seed protection market. The region is a key exporter of agricultural products. It is mainly dominated by large-scale operations, primarily focused on exports. North America has an advantage of having a very organized distribution chain. Factors such as fertile soil, availability of water and land, entrepreneurial farmers, and efficient infrastructure are the key competitive advantages the North American market has. The major cultivated crops in the region include corn, soybean, and wheat, which account for 70% of cultivation, followed by canola, alfalfa, cotton, and barley. Seed treatment is the safest alternative to protect crops with a minimum residue level. Plant extracts and oil-based seed treatments for organic farming, a seed treatment for abiotic stress, and controlled-release technology in seed treatment are the key points of the growth of the North American market.

Non-chemical treatment by type is projected to have the highest growth rate in the seed treatment market.

Non-chemical seed treatment is achieved in two ways, namely, physical and biological seed treatment. Physical seed treatment includes activities, such as steam, heat, or irradiation for seed protection, which means they function by disinfecting the seeds through non-chemical methods. Since in physical seed treatment, there is no use of chemical methods; this type of seed treatment method is appropriate for organic farming to control bacteria that may harm seeds.

Biological seed treatment methods include microorganisms that are used to protect seeds against seed-and soil-borne diseases. This treatment method is an effective alternative to chemical seed treatment.

By crop type, the oilseeds is projected to grow with the highest growth rate in the seed treatment market.

The oilseeds include soybean, cotton, canola, sunflower, and other oilseeds. The oilseeds refer to plants or seeds primarily used to extract fats and oils, also known as lipids. Soybean is among the leading providers of vegetable protein and oil. It is popular among producers as it can be grown in a wide variety of soil and climatic conditions. Moreover, The demand for canola as an alternative to soybean has increased for its economical pricing. Due to its functional properties, safflower oil is used in the treatment of skin infections, bone-related disorders, and atherosclerosis. These oilseeds contribute to the growth of the oilseeds segment.

The seed enhancement segment by function is projected to grow with the highest growth rate in the seed treatment market over the forecast period.

Seed enhancement includes practices and technologies that improve the seed germination and seedling growth, thereby improving the overall crop’s harvested yield and quality. The seed enhancement market is further segmented into products, which enhance the viability of the seed and functions that include processes used to enhance seeds. There has been an increase in research & development investments carried out to develop new and better products, such as biofertilizers and crop protection chemicals, biologicals.

Treatments such as pelleting, film-coating, and encrusting are included, which improve seed sowing. Some treatments, such as nutrients, enhance nutrient availability or provide inoculates required for seedling establishment.

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Asia Pacific is projected to be the fastest growing region in the seed treatment market during the forecast period

Asia Pacific seed treatment market is projected to grow with highest CAGR due to the growing agriculture industry in China and Japan. Demand for seed treatment has been growing in this region, due to global players increasing their investments of business lines in agricultural inputs to exclusively meet the demand of crop growers to attain export quality. Additionally, the regulations for seed treatment are favorable in this region. China is estimated to account for the largest share in the Asia Pacific seed treatment market.

Key Market Players

The key players in this market include Syngenta, (Switzerland), BASF SE (Germany), FMC (US), Adama Agriicultural Solutions Ltd. (Israel), Nufarm (Australia), UPL (India). These players in this market are focusing on increasing their presence through new product launches, partnerships, agreements. These companies have a strong presence in North America, Asia Pacific, and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

Ketones Market by Application (Supplements, Food & Beverage, Cosmetics & Personal Care), Supplement Type (Ketone Salts, Ketone Esters, Ketone Oils, Raspberry Ketones), Form and Region

The ketone market size is estimated to be valued at USD 443 million in 2019 and is projected to be worth USD 640 million by 2025, recording a CAGR of 6.3% during the forecast period. The demand for supplements among consumers and sports athletes remain high to increase energy and tolerance for intense workouts. In addition, the changing lifestyles of consumers for being preventive and proactive for their health is a major factor that is projected to drive the growth of the global ketone market over the next few years. Due to the increasing trend among the younger population and sports enthusiasts of consuming caffeine-containing products or energy drinks that increase energy levels and improve the performance, the ketones market is projected to record significant growth during the forecast period. In addition, due to the rise in health awareness among consumers pertaining to the ill effects of caffeine on the body, ketone-based food & beverage products are projected to witness high demand in the market.

By application, the supplement segment is projected to dominate the ketone market during the forecast period.

Ketone supplement is the most common type of ketone. The increase in the use of ketone supplements among sportspersons and athletes is one of the major factors that is projected to drive the growth of the supplement segment. In addition, the increase in per capita income and the rise in the geriatric population have led the people to invest in the healthcare sector. Consumers are becoming more health-conscious and increasingly aware of the healthcare sector. These factors are projected to drive the growth of the ketones market during the forecast period.

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By form, the solid segment is projected to dominate the ketone market during the forecast period.

The solid form of ketones is readily available for use and is convenient to carry as compared to the liquid or semi-liquid form. In addition, it has enhanced shelf life as compared to the liquid and semi-liquid forms. Many times, a blender is required to mix liquid ketone supplements. However, these blenders are not required in the case of solid ketones, which makes it easy to use. There are cases of gastrointestinal disorders while using the liquid ketones for the initial days but there is no such complication with solid form. Due to these factors, the solid form remains a more preferred alternative among consumers.

The increasing demand for ketones in North America is projected to drive the growth of the ketone market.

The US remains a major market in the North American region for ketones. The rise in the number of obesity cases in the North American region is attributed to the increase in the popularity of ketone supplements and food & beverage alternatives for losing weight. These factors are further projected to drive the growth of the ketone market. In addition, eateries and restaurants in the region are also providing ketone-based food and beverages options due to the high demand among consumers, which is projected to drive the growth of the ketones market.

The key players in this market include HVMN Inc. (US), Perfect Keto (US), KetoLogic (US), BPI Sports (US), and Pruvit Ventures, Inc (US). New product launches, expansions & investments, joint ventures, agreements, and partnerships were some of the core strengths of the leading players in the ketones market. These strategies were adopted by the key players to increase their market presence. It also helped them diversify their businesses geographically, strengthen their distribution networks, and enhance their product portfolios. Some of the other players in the ketones market include KetoneaAid Inc. (US), Compound Solutions, Inc (US), Sapien Body (US), Zhou Nutrition(US), Know Brainer Foods (US), Finaflex (US), Ion Labs (US), Keto and Company (US), Boli Naturals (US), Nutrex Research (US), Ancient Nutrition (US), Zenwise Health (US), Ketond Llc (US), Union Pharmpro Co Ltd (China), Volkem Chemical LLP (India), JustNutra (US), JW Nutritional Llc (US), Slimfast Keto (US), VMI Sports (US), and Evlution Nutrition (US).

HVMN (US) is one of the major players in the global ketones market. It is a US-based producer of ketone-based products for various applications, such as food & beverage and supplements. To expand its business, the primary strategy opted by the company was to expand its product offerings and collaborate with top researchers and organizations to invent and develop new products. H.V.M.N. Ketone Ester is their flagship product, and it is the first ketone ester drink in the world that is scientifically proven to improve the metabolic performance of consumers. The company has its own patented ketone ester technology that is protected exclusively by HVMN. All the manufacturing facilities are located in the US and comply with the cGMP regulations that are specified by the FDA.

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Perfect Keto (US) is one of the major players in the ketones market. The company operates through three business segments, namely, keto essential, snacks & nutrition, and energy & performance, and offers various types of ketone-based food & beverages products. It offers clean label ingredients, and the main focus of the company is to improve the health of consumers by providing various ketone-based products. Ketone-based food products offered by the company encourage better health, mental clarity, and fat loss. The main strategy opted by the company was to launch new products, due to which the company is focusing on establishing itself as an innovative brand and gaining a foothold in the US keto market.

What are the Known and Unknown Adjacencies Impacting the Nutraceutical Ingredients Market

The report "Nutraceutical Ingredients Market by Type (Probiotics, Proteins, Amino Acids, Phytochemicals & Plant Extracts, Fibers & Specialty Carbohydrates), Application (Food, Beverages, Animal Nutrition, Dietary Supplements), Form, and Region - Global Forecast to 2025" is estimated to be valued at USD 162.1 billion in 2020 and is projected to reach USD 227.5 billion by 2025, at a CAGR of 7.0%. The growth of the nutraceutical ingredients market is driven by the growth in the demand for fortified food owing to the increasing health consciousness amongst consumers.

The dietary segment is projected to be the fastest-growing segment during the forecast period

The dietary supplemet segment is projected to be the fastest-growing, by application, during the forecast period. Dietary supplements offer general health benefits such as improvement in the balance of the gut microflora, improvement of intestinal functions such as bulking and regularity, increased calcium absorption & improvement in bone density, enhancement of immune function, reduction in the release of toxins that can lead to fatty liver and other diseases, reduced risk of cardiovascular diseases, control of blood sugar, possible reduction of risk of obesity & metabolic syndrome, and improvement in abdominal pain, bloating, and constipation.

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The prebiotic segment is estimated to be the largest in 2020

The nutraceutical ingredients market, by type, is estimated to be dominated by the prebiotic segment. Prebiotic ingredients are also exploited as low-calorie fat replacer as they can help reduce obesity and diabetes. The rising health awareness among the global population has a major influence on the demand for prebiotic ingredients. Prebiotics witness a wide range of applications such as fortification in food and beverage products. In feed application, prebiotics are used to protect livestock health and increase the efficiency of nutrient utilization as they are also a key alternative to antimicrobials in feed.

Market Dynamics

DRIVER: Growth in the demand for fortified food owing to the increasing health consciousness amongst consumers
According to a survey conducted by the International Food Information Council (IFIC), in 2009, 87% and in 2011, 89% of the consumers in the US agreed that certain foods have health benefits beyond their basic nutrition. This shows the consumers’ increasing interest in learning more about functional and fortified food products. In 2013, according to the Business Development Bank of Canada, “health concerns are rising, and health awareness is growing among Canadian consumers and will continue to accelerate as the population ages, with 25% of the population over the age of 65 by 2031.” According to a study conducted by the United Nations Department of Economic and Social Affairs, in 2013, the rise in the aging population, coupled with increasing incidences of chronic diseases, has led to changes in eating patterns. Consumers’ concerns regarding nutrient inadequacy tend to be general in nature, rather than concern on a specific health condition or nutrient/component in their diet. Among the consumers who are concerned with nutrient inadequacy in food products, only 16% were concerned with the inadequacy of one or more specific nutrients without regard to general nutrient inadequacy. Most consumers are concerned about general health issues resulting from nutrient insufficiency, rather than one specific health problem.

RESTRAINT: Higher costs of fortified products dissuading large-scale usage and adoption
Nutraceutical ingredients find a wide variety of applications, such as functional food & beverages, animal nutrition, pharmaceuticals, and personal care products. However, the inclusion of nutraceutical ingredients in food & beverage products, feed products, pharmaceuticals, and personal care products results in an increase in the prices of these end products. This, in turn, leads to lower adoption of such products, thereby stunting market growth. Over the past few years, there has been an increase in the demand for healthy alternatives of consumables as consumers have become increasingly conscious about the correct diet. Nutraceutical ingredients, when added to any kind of food & beverage product, result in the formation of functional food & beverages, which, in some way, impart a health benefit.

OPPORTUNITY: Product-based and technological innovations in the nutraceutical ingredients industry
Personalized healthcare technologies are being rapidly adopted by various nutraceutical ingredient manufacturers to formulate better-suited and customized end products for consumers. Consumer product companies are now increasingly collecting data to enable a proper analysis of purchasing behavior and lifestyle to provide consumers with tailored options in accordance with their purchasing patterns. For instance, in 2013, Tesco announced its intention to use its Clubcard information to be able to track various chronic illnesses that consumers pay heed to, for the provision of tailored solutions to promote healthier eating habits. This information not only aids consumer companies to come up with personalized dietary advice but also establish significant partnerships with different pharmaceutical companies to help personalize over-the-counter supplements. Apart from the study of consumer purchasing patterns, the personalization of nutraceutical products is also amplified by genomics by enabling treatments that are closely linked to an individual’s genetic profile. Epigenetics and nutrigenomics have identified that every individual has different nutritional requirements, and they respond to food in different ways.

CHALLENGE: Consumer skepticism associated with nutraceutical products
Along with a growing consumer awareness about better dietary choices and increasing health awareness, there also remains an underlying consumer skepticism associated with the adoption of nutraceutical products. While this skepticism stems from multiple factors, the two major reasons hindering consumer adoption of nutraceutical products are their unsubstantiated health claims and synthetic sourcing. Health claims act as a major marketing and selling points for most nutraceutical ingredient manufacturers; however, when such claims do not result in successful fruition, consumer skepticism toward these products increases. For instance, in 2010, Danone withdrew claims that Actimel and Activia boost the immune system and aid digestive health after doubts were raised regarding the same, by the European Food Safety Authority (EFSA) and the UK Advertising Standards Authority. As a result, manufacturers of such nutraceutical products remain highly stunted in the manner in which they are able to reach consumers, thereby hindering product adoption.

The key players in the nutraceutical ingredients market include Associated British Foods (Uk), Arla Foods (Denmark), DSM (Netherlands), Ingredion Incorporated (US), Tate & Lyle PLC (UK), Ajinomoto Co., Inc. (Japan), Tate & Lyle (Ireland), Chr. Hansen (Denmark), Kyowa Hakko Kirin Group (Japan), Glanbia plc (Ireland), Fonterra Co-operative Group Ltd. (New Zealand), Cargill (US), ADM (US), DuPont (US), BASF (Germany) are the players that hold a significant share in the nutraceutical ingredients market.

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Asia Pacific is projected to be the fastest growing market for the forecast period

The Asia Pacific nutraceutical ingredients market is completely driven by India, which accounted for nearly 31.5% of the market share in 2019. The country is also projected to be the fastest-growing country in the region for nutraceutical ingredients due to changing lifestyles and dietary patterns and growing awareness about nutrition. Further, rising hospitalization cost is also driving the consumer demands for supplements and other nutrients such as vitamins and minerals, to maintain their health. Consumers in the country are now willing to spend an additional amount for fortified products, which has increasingly helped manufacturers of nutraceutical ingredients to find a substantial market opportunity.

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