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According to MarketsandMarkets, the "Cold Chain Market by Application (Fruits & Vegetables, Dairy & Frozen Desserts, Fish, Meat & Seafood, Bakery & Confectionery), Temperature Type (Frozen, Chilled), Type (Refrigerated Transport, Refrigerated Warehousing), Region - Global Forecast to 2025", size is estimated to be valued at USD 233.8 billion in 2020 and projected to reach USD 340.3 billion by 2025, recording a CAGR of 7.8%, in terms of value. The rise in consumer awareness to mitigate food wastage and the increasing consumer demand for convenience food & beverages with increased shelf-life has been boosting the cold chain market, globally. Governments of numerous countries have been bolstering the infrastructure investment of the cold chain, which has been augmenting the cold chain market growth.

COVID-19 Impact on the Cold Chain Market

The pandemic has created a positive impact on the cold chain industry, resulting in fueling the demand for cold chain warehousing. The increasing adoption rate of packaged food & beverage products is a promising take for the growth of the cold chain in the food industry. The COVID-19 impacted the supply chain of every industry due to restricted trade during the pandemic, resulting in food manufacturers emphasizing not only on food products, but also on their storage to increase their shelf-life, which is expected to propel the market for the cold chain. The outbreak of COVID-19 has created a shift toward an organized retail market for preventing any further virus outbreaks. Consumers have stockpiled processed food products with a long shelf life to perishable foods, and restricted trade movements between countries have resulted in surpassing cold chain storage capacities in certain countries. These developments underscore the need for the food value chain to move from open-air markets to a cold-chain model that preserves perishable items for a longer duration. These factors are expected to propel the demand for cold chains during the forecast period.

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The bakery & confectionery application segment is projected to witness significant growth during the forecast period.

Based on the application, the cold chain market is dominated by dairy & frozen desserts. However, the bakery & confectionery segment is among the fastest-growing segment during the forecast period. Temperature monitoring is a key aspect of quality control and food safety for various bakery and confectionery products. Refrigerated warehousing is used for bakery & confectionery products, which include bread, cakes & pastries, pizza crusts, waffles, biscuits, cookies, pastry shells, bagels, pretzels, and donuts.

The increasing demand for convenience foods has led to a growing demand for frozen bakery & confectionery products. The temperature range of frozen bakery & confectionery products plays an important role in maintaining product quality. Asia Pacific and North America are the two regions expected to drive the market for bakery & confectionery products.

The frozen temperature type segment is projected to account for a major share in the cold chain market during the forecast period

By temperature type, the cold chain market is dominated by the frozen segment. The products that move through the cold chain are either chilled or frozen. Chilling involves reducing the temperature to below ambient temperatures but above –1°C. Chilled products include fresh meat & poultry, dairy products, and fruits & vegetables.

Frozen products include ice cream and meat & seafood. A typical temperature range for frozen food products is –18° to –25°C. With the development of technology, there are wide options available such as chillers, blast freezers, individual quick freezing (IQF), and freeze dryers to maintain cold conditions and better food handling, processing, storage, and transportation.

What are some of the key technologies which are driving growth in the market?

Real-time data: Maintaining the quality of food is a major concern for manufacturers as well as service providers. Retailers and suppliers can now ensure the quality of food in transit by maintaining an optimum temperature setting. Sensors using IoT devices and cloud-based software applications can help to remotely monitor and track refrigerated cargo containers. These sensors respond to temperature fluctuations that may impact perishable goods or medicines.

Cloud platforms: Cloud platforms provide real-time data and collectively analyze and share the data where and when required. Organizations can use this data to unlock the business value across the cold chain. This helps in reducing waste, maintaining brand equity, and gaining larger returns on investment (ROIs).

Solar energy: Solar energy is another promising solution to meet the storage and transportation needs of food products. There are solar direct-drive refrigerators that are based on solar energy. These solutions help store, monitor, and transport temperature-sensitive products at appropriate temperatures, even in hot climates, with major electricity fluctuations.

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Asia Pacific to account for the fastest-growing and largest market at a CAGR of 13.1% during the forecast period

The cold chain market in this region is estimated to witness robust growth propelled by the economic developments of countries such as China, India, Japan, and Australia. The shift of industrialization and investments in Asia Pacific has grown substantially over the past decade, especially in China and India, contributing to rapid economic growth. Countries such as India, Japan, China, and South Korea have a strong demand for dairy and meat products, which has led to the strong demand for preserving the quality and nutritive element in the products, which drive the market for cold chain in the region.

The nutraceutical ingredients market 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% from 2020 to 2025. The growth of the market is driven by factors such as growth in the demand for fortified food owing to the increasing health consciousness amongst consumers. Key drivers for the market’s growth include increasing incidences of chronic diseases worldwide and mandates on food fortification by government organizations.

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.

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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. For nearly all the nutrients or food components surveyed, at least 6 in 10 consumers believed they get enough to meet their needs. Omega-3 fatty acids are the exception, as only 50% of consumers believed they get enough omega-3s to meet their needs

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. This provides a huge market opportunity for nutraceutical end-product manufacturers, whereby, linking a diet to a genome not only results in boosting health, but also reduces the chance of developing adverse health conditions, such as cardiovascular diseases, obesity, diabetes, or inflammatory bowel diseases. Such corroborated usage of technology with a dietary design is further expected to present unforeseen market growth opportunities for nutraceutical ingredient manufacturers.

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.

Associated British Foods (UK) is a major player in the nutraceutical ingredients market. Associated British Foods was previously known as Food Investments Ltd. and changed its name in 1982. The company is engaged in the processing and manufacturing of food, ingredients, and retailing. It operates through five business segments, namely, sugar, agriculture, retail, grocery, and ingredients. The ingredients segment manufactures bakers’ yeast, bakery ingredients, and yeast extracts. The company offers nutraceutical ingredients through the ingredients segment.

The organization operates through its subsidiaries, such as AB Agri (UK), AB Mauri (UK), ABF Vista (UK), ABF Ingredients (UK), ABITEC Corporation (US), SPI Pharma (US), and Ohly (Germany). Among all subsidiaries of the company, ABF Ingredients (UK), ABITEC Corporation, and Ohly (Germany) holds significant market positions in the Americas, Europe, and Asia. SPI Pharma (US), is one of the prominent suppliers to the pharmaceutical, nutraceutical, and animal health products worldwide.

DSM is a global science-based company operating in the health, nutrition, and materials business. The company operates through five segments—nutrition, materials, innovation center, corporate activities, and partnerships. Its nutrition segment includes DSM Nutritional Products and DSM Food Specialties. The nutrition and food specialty segment of the company caters to different end-use application industries, such as food, feed, nutraceutical, infant nutrition, personal care, and pharmaceutical.

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The company offers nutritional supplements, such as vitamins, carotenoids, nutritional lipids, omega acids, premixes, and astaxanthin for both human and animal nutrition. These products are developed under its DSM Nutritional Products business. The company offers its nutraceutical ingredient products for the dietary supplements and food & beverage industry.

DSM offers feed additives through its animal nutrition & health division, which falls under the DSM Nutrition Products business. It offers a wide range of products that include carotenoids, eubiotics, vitamins, and feed enzymes for various animal species, such as aquaculture, poultry, ruminants, swine, and companion animals. The company operates in more than 40 countries with over 100 commercial production facilities.

 The global environmental testing market size is estimated to be valued at USD 8.3 billion in 2020 and projected to reach USD 12.1 billion by 2025, recording a CAGR of 7.9% during the forecast period. The demand for shrink film for environmental testing is increasing significantly, due to the various regulations of government and increased in the awareness among consumers regarding environment.

Market Dynamics

Driver: Increase in the stringency in regulations related to environmental protection

Environmental regulations have had enormous benefits in terms of lives saved and illnesses averted, especially through reductions in airborne particulates. Environmental regulations have greatly improved air and water quality, especially in areas that were dirtiest before the regulation. Regulations and legislations set forth by government organizations have triggered the testing, inspection, and certification of environmental samples tested by the government and manufacturing companies. Regulatory bodies have introduced guidelines for regulating the inspection, sampling, and testing services of environmental samples to detect the presence of pollutants and contaminants. These bodies have introduced various programs to generate awareness and set testing specifications to ensure the safety of the environment and reduce the health risks associated with a polluted environment.

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Restraints: High capital investment for accurate and sensitive analytical testing

High costs and extensive sample preparation require laboratory analysts to use advanced testing technologies. A wide range of existing testing methods and the introduction of advanced technologies to conduct testing of environmental samples have resulted in an effective change in environmental testing. Liquid chromatography, high-performance liquid chromatography, and spectrometry are the advanced technologies that are used for environmental testing. Technologies are sensitive, accurate, and efficient. However, the mentioned technologies have a high cost of the equipment, extensive sample preparation, and calibration issues, which are a restraint to market growth. Most of the analytical methods are suitable for only certain samples such as soil, water, and effluent, while other methods are used for testing air samples. However, the cost of these tests is very high, which significantly leads to the need for higher capital investments, which, in turn, is the hindering factor for market growth.

Opportunities: Increase in industrial activities in emerging markets

Increase in industrialization in regions such as the Asia Pacific and Africa has increased awareness among the people regarding environmental pollution and degradation. This has resulted in the implementation of numerous environmental protection acts, which are the key opportunity for the environmental testing market. Because of the increase in pollution and environmental contamination, several amendments and new environmental safety standards are expected to be set up mainly in the developing economies such as Asia Pacific regions in the next five years. The progressive development of new testing methods for testing samples of contaminants such as pesticide residues, heavy metals, and organic chemicals is expected to play an important role in promoting the growth of the market.

Challenges: Lack of basic supporting infrastructure

Testing & certification practices in several developing countries lack organization, sophistication, and technology. The lack of basic supporting infrastructure for setting up testing laboratories acts as a major challenge to the growth of the market. Testing services in some areas of developing regions also face the challenge of obtaining samples from manufacturing companies, as they are fragmented and dominated by small enterprises.

There are several key issues, such as the lack of institutional coordination; shortage of equipment and technical skills & expertise for the implementation of legislation at grass root levels; and the lack of updated standards; which hinder the market for environmental testing. Good manufacturing practices (GMP) are required to ensure cooperation between manufacturing companies and government testing services. Lack of these has been acting as a bottleneck in the growth of the market. With substantial support from governments, there can be some growth in the market, majorly in developing regions such as the Asia Pacific and Africa.

North America is the dominating market for Environmental testing as it is crucial in present scenarios of industrialization, where the prevalence of contaminants and pollutants is high. Government and non-government agencies have laid down stringent plans for markets, which the organizations have to adhere to in every possible sector. The increase in demand for resources, such as drinking water, building material, and fuel is on its peak. As a result, the need for environmental testing services and certification is dominating in the region.

The presence of various environmental governing organizations in the US is driving the growth of the environmental testing market through the implementation of various environmental protection policies. The number of testing laboratories has doubled in the major regions, such as North America and Europe, in the last few years, aiming to safeguard the environment. The regulatory bodies in the regions are closely monitoring the safety and quality of the environment to establish environmental safety across the geographies.

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Wastewater/effluent is the dominating sample segment for environmental testing market. Since a lot of wastewater/effluent is generated by all industrialization process in the developed economy of North America, the government encourages the wastewater recycling to meet the increasing water demand. Therefore, the region is a dominant market for testing of wastewater/effluent.

Water is the fastest growing sample segment of environmental testing market. A wide range of testing is provided by the environmental testing firms to analyze and certify water for different purposes, such as groundwater, wastewater, and drinking water. The testing companies look for aquatic toxicity, the presence of harmful microorganisms, and various unwanted organic and inorganic compounds in the water, which can be harmful to the consumption or environment

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.

By type, the HM pectin segment is projected to dominate the pectin market during the forecast period.

HM pectin is the most common type of pectin and is labeled as either rapid-set or slow-set. The gel strength of HM pectin remains high due to the increase in the degree of methylation; however, any further increase in the degree of methylation, i.e., more than 70%, leads to a decrease in its gel strength. HM pectins are widely used in the production of jams and jellies, as they are used for thickening the product.

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By raw material, the citrus fruits segment is projected to dominate the pectin market during the forecast period.

The demand for citrus fruits from the pharmaceutical & personal care industries has drastically increased over the last decade. Citrus fruits contain active phytochemicals that can protect health, and in addition to this, they also abundantly provide vitamin C, folic acid, and potassium. Sugar beet pectin extracts show a potential role as an emulsifier apart from a gelling agent, due to which it becomes a viable substitute for gum Arabic, as less quantity is required to activate the oil-water interface.

The increasing demand for pectin in Europe and Asia Pacific is driving the growth of the pectin market.

The European and Asia Pacific countries are witnessing increasing demand for pectin mainly in the food & beverages industries. Europe accounted for the largest share of the global pectin market due to the high demand for convenience foods & functional dairy products and increasing consumption of jam & jellies and baked goods.

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Asia Pacific is likely to be the fastest-growing region in the global pectin industry. The growth in the market is driven by the growing demand for convenience foods, functional dairy products, and baked goods, coupled with the changing consumer lifestyle in the region.

Key Market Players

Key players in this market include DowDupont (US), Cargill, Incorporated (US), Ingredion Incorporated (US), CP Kelco (US) and Koninklijke DSM N.V. (Netherlands). Major players in this market are focusing on increasing their presence through new product launch, expansions & investments, mergers & acquisitions, partnerships, collaborations, and agreements. These companies have a strong presence in North America and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

 According to MarketsandMarkets, the refrigerated transport market is estimated to be valued at USD 15.5 billion in 2019 and is projected to reach USD 21.6 billion by 2025, recording a CAGR of 5.8% from 2019 to 2025. The growing demand for frozen food due to the increasing urbanization and changing lifestyle are factors projected to drive the market for refrigerated transport.


Refrigerated transport services are gaining importance in the food industry due to the increasing demand for processed foods at a global level. The frozen and chilled food segments are projected to be the key revenue pockets for the refrigerated transport market in the near future. Developing countries such as India and Brazil are projected to create lucrative opportunities for frozen and chilled food manufacturers and service providers of refrigerated transport in the coming years.


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On the basis of frozen food products, the fish & seafood segment accounted for the largest share in the refrigerated transport market in 2018


On the basis of frozen food products, the refrigerated transport market is segmented into bakery products, ice cream, processed meat, frozen dairy products, and fish & seafood. The fish & seafood segment accounted for the largest share in 2018. The market is projected to witness high growth prospects in the fish & seafood segment during the forecast period. Manufacturers are offering frozen and canned food options that promote longer shelf life. Fast-paced lifestyles have led to an increasing preference for home delivery services, as it significantly reduces the cooking time. These factors are projected to create lucrative opportunities for frozen fish & seafood manufacturers and refrigerated transport service providers in the coming years.


By vehicle type, the LCV segment accounted for the largest market size in the refrigerated transport market during the forecast period


The refrigerated transport market is segmented, on the basis of vehicle type, into LCV, MHCV, and HCV. The LCV segment is estimated to dominate the market in 2019 and is projected to grow at the highest CAGR during the forecast period. The growth of the LCV segment is driven by factors such as high demand for home delivery services and developments in the foodservice industry and food processing sector. The demand for refrigerated LCV is further driven by the increase in delivery of dairy products and pharmaceuticals by vans for short-distance transportation. Moreover, factors such as the availability of easy finance options for fully built vehicles will contribute to the increase in the sales of refrigerated LCVs.


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


In 2019, Asia Pacific accounted for the largest share in the refrigerated transport market. The growth of the market is attributed to the increasing investments by governments in this region for transportation infrastructure development projects related to highways, railway, and airport constructions. For instance, the Chinese government significantly invested in its transport infrastructure in 2018. In the first 11 months of 2018, the country spent USD 328 billion, according to the government data. The Chinese transport ministry is also focusing on speeding up the construction of logistics hubs for transport and storage in the country. These factors are projected to drive the refrigerated transport market in the region.


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Key Market Players


Key players (food & beverage) in refrigerated container market include General Mills (US), Conagra Foods (US), Kraft Heinz Company (US), Nestle (Switzerland), Associated British Foods (UK), Kerry Group (Ireland), Unilever (UK), Mccain Foods Limited (Canada), Samworth Brothers Limited (UK), and Iceland Foods Ltd. (UK). These players have opted for different organic and inorganic strategies to increase their market share. Nestle, one of the major players in the market, adopted a well-established distribution strategy, which made it possible to deliver products in both the urban and rural markets. It adopted various strategies such as acquisitions, expansions & investments, new product launches, and agreements in the frozen and chilled foods segment, which increased the usage of refrigerated transportation. In addition, with the increasing preference for on-the-go food products, the demand for chilled and frozen food is projected to increase, which in turn, helps the company increase its sales.

According to the new market research report "Baking Ingredients Market by Type (Emulsifiers, Leavening Agents, Enzymes, Baking Powders & Mixes, Oil, Fats & Shortenings, Starch, Colors & Flavors, Preservatives, Fibers), Application (Bread and Sweet Bakery), and Region - Forecast to 2026", published by MarketsandMarkets™, the global Baking Ingredients Market is projected to grow from USD 16.6 billion in 2021 to USD 22.3 billion by 2026, at a CAGR of 6.0% from 2021 to 2026. Increase in demand for bakery products has significantly increased the demand for baking ingredients. For high-quality professional baking, bakers need large quantities of a handful of ingredients to create everything from muffins and cupcakes to multi-tiered cakes and delicious cookies. Each baking ingredient plays its special role in the process. The processing, distribution, and storage of bakery products necessitates the use of food additives to maintain the quality and freshness that consumers expect. It is to be noted that the ingredients sometimes play different roles, depending on which baking type they are used. The chemistry of bread baking differs somewhat from baking a cake, although they share several similarities.

COVID-19 impact on the baking ingredients market

The novel coronavirus/COVID-19 pandemic has significantly impacted the whole food and beverages industry, among which the bakery industry was one. This pandemic has resulted in mass production shutdowns and supply chain disruptions, which have also affected the economy.

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Due to the lockdown, during the start of 2020, the sales of non-edible products, such as disinfectants, toilet paper, paper goods, and hand sanitizers, were high in demand, and the sales of edible products, such as bakery, meat products, and many others were up to the mark, as the supply of bakery was insufficient as many of the bakers have shut operations due to the shortage of labors. The disruption in logistic facilities due to the lockdown had created more issues in the market, as consumers were not getting products as per their requirements, which ultimately affected the market. Another factor that had impacted the market is the lack of raw material availability, due to which production of products was not proper. Bakery ingredient manufacturers faced the same problems like supply chain disruptions, lack of labor, and insufficient raw materials. Due to these issues, smaller bakers in the unorganized segment were the worst affected. But, as time passed, the government started allowing the reopening of the shops. The demand for bakery products, especially bread and others, took a hike, as these are the essential products, which are used in the daily diet, majorly as breakfast and evening snacks. Therefore, the demand from the household sector for bakery products has increased. On the other hand, the food services sector has faced a decline in the market for bakery products that were considered to be one of the demanding products in the foodservice sector.

Asia Pacific region is expected to grow at the fastest rate in the baking ingredients market. The tides of the global baking industry are shifting as the North American and European markets are mature and new global regions are emerging with immense growth opportunities. The APAC region is expected to be a dynamic and fast-growing region for the bakery ingredients market in the coming few years. According to the Indian Bakers Federation (I.B.F), biscuits are the highest-selling product in India, followed by sliced bread, cupcakes, pastries, and brownies. Furthermore, more and more baked foods are finding their space on supermarket shelves across the region.

Key players in this market include Associated British Foods Plc (England), AAK AB (Sweden), Cargill (US), and Kerry Group Plc (Ireland). Some of the other dominant players in the market include Corbion (Netherlands), Dawn Food Products, Inc (US), Archers Daniels Midland Company (US), Dupont (US), Lallemand Inc. (Canada), and Tate & Lyle (UK), IFFCO (UAE), Lesaffre (France), International Flavors and Fragrances Inc. (US), and British Bakels (England). These players have focused on strategies such as new product launches and collaborations to gain a larger market share in the baking ingredients market.

AAK AB (Sweden) is a leading manufacturer of high value-added specialty vegetable oils & fats solutions. It is a Swedish registered joint-stock company based in Malmö, Sweden. It was founded through the merger of Karlshamns AB (Sweden) and Aarhus United A/S (Denmark) in 2005. The company operates through three business segments: food ingredients, chocolate & confectionery fats, technical products, and feed. The company offers several baking ingredients for the baking of bread, biscuits & cookies, cakes & laminated pastries, such as vegetable oils & fats, and emulsifiers.

Associated British Foods (ABF) (England) is a British multinational food processing and retailing company headquartered in London, England. The company is engaged in the production of various food and ingredients items. It operates through five business segments: sugar, agriculture, retail, grocery, and ingredients. The company manufactures bakers’ yeast, bakery enzymes, bakery preservatives, and many other ingredients used in baked goods.

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Kerry Group plc (Ireland) is involved in the production and marketing of consumer food products. The major products offered by the company include ingredients, flavors, and integrated solutions, savory, dairy systems, and cereal & sweet systems for the food & beverage industries. It operates through two business segments: taste & nutrition and consumer foods. The company provides a wide range of baking ingredient products such as flavors, emulsifiers, fibers, and enzymes, which are used in making varieties of baked products

According to the new market research report "Food Colors Market by Type (Natural, synthetic, nature-identical), Application (Food products, and beverages), Form (Liquid, powder and gel), Solubility (Dyes and lakes) & Region - Global Forecast to 2026", published by MarketsandMarkets™, the market for food colors is estimated at USD 4.3 billion in 2021; it is projected to grow at a CAGR of 4.7% to reach USD 5.4 billion by 2026.

Browse in-depth TOC on "Food Colors Market"

323 - Tables
57 - Figures
364 - Pages

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The production of food colors is continuously increasing, and companies are investing increasingly in research & development activities of natural and synthetic colors to enhance their existing product portfolio across various regions. The demand for food & beverage products processed with the inclusions of food colors is comparatively higher. The lucrative opportunities are available in the emerging regions due to the growing economy and technological advancement. The market in China is projected to grow at a higher pace due to an increase in industrial activities.

The natural colors sub-segment is estimated to account for the largest market share in the by type segment for the Food Colors Market.

Natural pigments are being increasingly emphasized upon as they have achieved commercial significance, and consumers have perceived them as safe additives. Besides aesthetics, natural pigments have potential physiological effects due to their potent antioxidative properties. Advancements in technological innovations, such as nano-encapsulation, supercritical carbon dioxide, supercritical fluid, gas-based extraction, and spinning cone column, to increase the efficiency of extraction have also been encouraging the growth of the food color industry.

By application, the food sub-segment is estimated to account for the fastest growth in the Food Colors Market.

The growth in the processed and packaged food markets directly impacts the growth of the Food Colors Market. Due to the growth in the processed food & beverage market, the demand for food colors is also projected to grow at a rapid pace. The processing of food products involves various practices, including thermal and non-thermal processes. These processes alter the characteristics of the original color of food products due to various process parameters, such as temperature, moisture, and PH. Due to these factors, the demand for food colors in processed food products is increasing to impart natural aesthetics to the products.

The liquid sub-segment by form is estimated to account for the largest market share of the Food Colors Market over the forecast period.

Natural food colors are highly in demand in the global markets, these colors are extracted from natural resources such as turmeric, saffron and carrots. These are extracted in liquid form and thus they are estimated to drive the global market for liquid food colors.

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The dyes sub-segment is estimated to observe the fastest market growth in the Food Colors Market during the forecast period.

The growth for dye food colors is driven by the food sector globally as this segment is a strong end use industry. Dye food colors impart strong color and have high stability at different temperatures and PH due to which their production is increasing. Thus these factors are estimated to drive the market growth.

Europe is estimated to be the largest market.

There are key players in the European markets that supply high-quality food products in the European markets, such as DSM (Netherlands), Naturex (France), and Campbell Foods Belgium NV (Belgium) and they are significantly encouraging the trends of developing new products in the region. The high demand for packaged food and the growing bakery and confectionery and dairy & frozen products market in Germany. Furthermore, investments in new technological developments are projected to encourage the formulation of innovative natural or nature-identical colors for applications, such as pharmaceuticals and processed food.

Key players:

Key players in Food Colors Market include ADM (US), International Flavors & Fragrances Inc. (US), Sensient Technologies Corporation (US), DSM (Netherlands Naturex (France), DDW (US), Döhler Group (Germany), Florio Colori (Italy), Lycored (Israel) and Kalsec Inc. (US). 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.

The global phytogenic feed additives market size is estimated to be USD 753.1 million in 2020 and is projected to reach USD 1,098.5 million by 2025, at a CAGR of 7.8% during the forecast period. The market has a promising growth potential due to several factors, including the increase in awareness among the livestock breeders regarding plant-based animal feed products and stringent government regulations regarding animal nutrition.

COVID-19 Impact on the Global Phytogenic feed additives Market

The market includes major Tier I and II suppliers like Cargill, Incorporated, Delacon Biotechnik GmbH, BIOMIN Holding GmbH, Bluestar Adisseo Co., Ltd. and Natural Remedies. These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, and RoW. COVID-19 has impacted their businesses as well. Though this pandemic situation has impacted their businesses as well, there is no significant impact on the global operations and supply chain of their phytogenic feed additives. Multiple manufacturing facilities of players are still in operation.

In Jnauary 2020, Delacon Biotechnik GmbH launched a new product BioStrong Comfort in US and Canadian markets. This product contains plant derived antioxidants and is developed to lessen the impact of heat stress during high temperature and humidity
The use of phytogenics in feed has increased drastically after the ban on feed antibiotics by the European Union (EU) in 2006. Along with the ban on antibiotics, numerous health benefits of feed phytogenics, such as an increase in feed intake and improvement of the gut function of livestock, are driving the market globally. The growing organic meat demand in developing countries, such as India and China, is expected to fuel the growth rate of the phytogenic feed additives market.

The essential oils segment is estimated to dominate the global feed phytogenics market, by type, in terms of value, and is projected to grow at the highest CAGR between 2020 and 2025. The numerous benefits of essential oils, such as producing digestive enzymes, improving gut histology, and antibacterial characteristics, are driving the market for essential oils in the livestock sector.

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The poultry segment is estimated to account for the largest share of 45.4% in 2020, in terms of value. It is projected to grow at the highest rate during the forecast period since phytogenics are intensively consumed by broilers for better gut health and have a high feed conversion rate as compared to other livestock types. Poultry in the Asia Pacific region is also witnessing the highest demand, as consumers in Taiwan and Indonesia are adding white meat instead of red meat to their diets

The European region is projected to grow at the highest CAGR during the forecast period. Factors such as the prohibited use of antibiotics in feed, stringent regulations imposed by the European Commission on synthetic feed additives, and growth in the consumption of phytogenics in livestock feed, to enhance feed palatability and livestock performance, are projected to drive market growth in the coming years.

Many domestic and global players provide phytogenic feed additives to improve animal health and performance. Major manufacturers have their presence in the European and Asian countries. The key companies in the phytogenic feed additives market are Delacon Biotechnik GmbH (Austria), BIOMIN Holding GmbH (Austria), Cargill, Incorporated (US), Bluestar Adisseo Co., Ltd. (China), DuPont (US), and Natural Remedies (India). Various strategies, such as expansions, mergers & acquisitions, and new product launches, were adopted by the key companies to remain competitive in the market.

The global pet food ingredients market size is estimated to be USD 38.6 billion in 2020 and is projected to reach USD 53.2 billion by 2025, at a CAGR of 6.6% during the forecast period. The market has a promising growth potential due to several factors, including the increase in adoption of pets globally and rising demand for nutrition food for pets.

The pet food ingredients market has promising growth potential due to several factors, including the improving pet health, increasing consumer awareness, and rising demand for health supplement animal products. The rapidly increasing adoption of pets in North America has increased the demand for pet food ingredients products.

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The meat & meat products segment is estimated to account for the largest share of during the forecast period, since enzymes are intensively consumed by poultry for better digestion, and have a high feed conversion rate and nutrient uptake, as compared to other livestock types. Poultry in the Asia Pacific region is witnessing the highest demand, as consumers in countries such as Thailand and Indonesia are including white meat instead of red meat in their diets. Additionally, factors such as poultry population growth, which has doubled in the last two decades, according to the Food and Agriculture Organization of the United Nations (FAO), support this high growth rate for the poultry segment.

The dominance of the animal based pet food ingredients is majorly attributed to its efficiency in providing protein to the diet. Animal-based ingredients are further segmented into meat & meat products, fats, proteins & amino acids, and others, which include flavoring agents and antioxidants. A majority of animal-based ingredients include meat & meat by-products, which provide essential protein, fatty acids, iron, and vitamins. Meat increases the palatability of the pet food, and hence, improves digestion of pets.

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The North America region is estimated to account for the largest share in global pet food ingredients market in terms of value. The market in the region is driven by the presence of a large pet population (USDA 2016) and their growth rate. The rising demand for nutritive food for pets and improved pet care among families is expected to drive the market for pet food ingredients market in the region.

The vitamin D market, in terms of value, is estimated to account for nearly USD 1.1 billion in 2020 and projected to grow at a CAGR of 7.0%, to reach nearly USD 1.6 billion by 2025. The vitamin D market has been growing in accordance with the rise in demand and consumption of feed around the world. The feed industry is witnessing an upward trend in the demand for enriched feed products, which supports the demand for nutritional additives such as vitamin D. Furthermore, developing economies such as China and India, where there is a growing focus on animal nutrition, different vitamins are expected to experience a strong rise in the demand from the feed industry.

The dry segment is estimated to account for a larger share in the vitamin D market in 2020.

By form, the dry segment is estimated to account for a larger share in the market in 2020. The dry form of vitamin D is preferred by manufacturers due to its greater stability, ease of handling and storage, and convenience of usage in a wide range of products. Most of the vitamin D sold are synthetic. Vitamins D2 and D3 are mainly available in colorless crystals; their solubility in vegetable oil is low. The vitamin D3 analog is more stable as compared to that of vitamin D2. Vitamin D3 is estimated to be the majorly consumed vitamin D analog in the world.

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The Asia Pacific market is projected to grow at the highest CAGR during the forecast period.

The deficiency of vitamin D is widespread in Asia Pacific, particularly in South and Southeast Asia. Rickets (a deformity due to “soft bones”) is very common in China and is a result of poor vitamin D consumption. Furthermore, the rise in income levels and significant consumer demand for nutritional & healthy products are expected to provide promising prospects for the growth and diversification of the region’s functional food & beverage products, in turn, leading to growth in the consumption of vitamin-infused products, and thereby driving the market growth.

China and India are two of the most favorable markets for vitamin D manufacturers for expansion, due to the rising demand for animal feed, fortified food products, and easy availability of raw materials. It has become a key destination for manufacturers of vitamin D supplements and pharmaceutical product companies such as the Alkem Laboratories (India), Cadila Pharmaceuticals (India), Abbott Laboratories (US), and Sanofi S.A (France).

Vitamin D plays an important role in maintaining healthy bones and the regulation of immune systems; it is also associated with the prevention of heart disease, cancer, diabetes, and multiple sclerosis. The body requires sufficient vitamin D from a healthy diet and exposure to the sun. The major role of vitamin D is maintaining normal levels of calcium and phosphorus in the blood. It helps the body to absorb calcium, which forms and maintains strong bones. It also protects the body against osteoporosis, osteomalacia, rickets, and cancer. Vitamin D is found in food products such as fish, eggs, fortified milk, and cod liver oil.

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The key players in the vitamin D market include Zhejiang Garden Biochemical High-Tech Co.,Ltd (China), Koninklijke DSM N.V. (Netherlands), Zhejiang Xinhecheng Co., Ltd. (China), Taizhou Haisheng Pharmaceutical Co., Ltd. (China), Xiamen Jindawei Vitamin Co., Ltd. (China), Fermenta Biotech Ltd. (India), Zhejiang Medicine Co., Ltd.(China), BASF (Germany), and Dishman Group (India). The key market players, along with the other players, adopted various business strategies such as new product launches, expansions, and joint ventures & agreements, in the last few years, to meet the growing demand for vitamin D.

The global feed enzymes market size is estimated to be USD 1.3 billion in 2020 and is projected to reach USD 1.9 billion by 2025, at a CAGR of 8.1% during the forecast period. The market has a promising growth potential due to several factors, including the stringent safety regulations on livestock safety across the globe, increasing demand for meat and dairy products among consumers, and rising population with an increasing disposable income in emerging economies.

The feed enzymes market has promising growth potential due to several factors, including improving livestock health, increasing consumer awareness, and rising demand for animal products. The rapidly growing population in China and India has increased the demand for animal-based products. Several countries in North America and Europe have introduced regulations to take good care of the livestock population by the breeders.

The poultry segment is estimated to account for the largest share of during the forecast period, since enzymes are intensively consumed by poultry for better digestion, and have a high feed conversion rate and nutrient uptake, as compared to other livestock types. Poultry in the Asia Pacific region is witnessing the highest demand, as consumers in countries such as Thailand and Indonesia are including white meat instead of red meat in their diets. Additionally, factors such as poultry population growth, which has doubled in the last two decades, according to the Food and Agriculture Organization of the United Nations (FAO), support this high growth rate for the poultry segment.

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The dominance of the dry form is majorly attributed toward its structure, which makes it free-flowing, consistent, and ease to mix. Additionally, its ability to sustain temperature in fodder processing, better thermal stability, and ease of handling make this form of enzyme easy to store and logistically favorable. Furthermore, the easy availability of these products in the pulverized and pellet forms helps increase their consumption rates. The pellet from s a modification of the mash form, which includes mechanically pressing the mash into hard, dry pellets, resulting in decreased feed wastage and increased nutrient digestibility. Moreover, powdered products break into essential feed enzymes, which provide easy digestibility and high absorption rate in livestock.

The Asia Pacific region is estimated to account for the largest share of the global feed enzymes market in 2020 in terms of value. The market in the region is driven by the presence of a large livestock population (FAO 2016) and their growth rate. The increase in the number of feed mills in the region further reflects the growth in feed production, particularly in countries such as India and Japan. The region is also heterogeneous, with diversities in income levels and technological advancements, which lead to meeting the diversified demands of end consumers, to provide superior-quality feed to livestock, leading to enhanced scope for future growth.

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Many domestic and global players provide feed enzymes to improve animal health and performance. Major manufacturers have their presence in the European and Asian countries. The key companies in this market are Cargill, Incorporated (US), BASF SE (Germany), DuPont (US), Bluestar Adisseo Co., Ltd. (China), Koninklijke DSM NV (Netherlands) and Kemin Industries, Inc. Various strategies, such as expansions, mergers & acquisitions, and new product launches, were adopted by the key companies to remain competitive in the market.

According to the new market research report “Probiotics Market by Application (Functional Food & Beverages (Dairy Products, Non-dairy Beverages, Infant Formula, Cereals), Dietary Supplements, Feed), Ingredient (Bacteria, Yeast), Form (Dry, Liquid), End User, & Region – Global Forecast to 2026“, published by MarketsandMarkets™, the global Probiotics Market is estimated to be valued at USD 61.1 billion in 2021 and is projected to reach USD 91.1 billion by 2026, at a CAGR of 8.3% during the forecast period. The global demand for probiotics is increasing significantly due to the growing awareness among customers about their digestive health management, the rise in demand for quality food, and the increase in demand for quality animal-based products. Probiotics are found in supplement form, or as components in food and beverages.

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COVID-19 Impact Analysis

The COVID-19 pandemic has led to a shift in consumption patterns of consumers and ultimately affecting the demand for diet being followed. Most of the consumers are opting for products with a nutritive value instead of junk or processed foods. In the US, all of a sudden, the sales of probiotics rose by 33% as people are panic about buying nutrient boosters keeping themselves immune and strong. Since then, retail stores and pharmacies are piling up stacks of probiotics in various forms. The fear of getting infected has resulted in the adoption of healthy lifestyle, thus increasing the demand for probiotics. As the danger of virus infection is among all the age groups, manufacturers are designing probiotics, which can have effective results in every individual.

Food & beverage segment is projected to be the largest segment in the probiotics market during the forecast period.

The food & beverage segment dominated the probiotics market, on the basis of application, during the forecast due to the rising popularity of probiotic functional foods & beverages among consumers. Awareness, faith in their efficacy, and safety are some of the factors driving the market of probiotics. The food & beverages segment is the largest revenue-earning market across regions. Consumers are now taking a proactive approach towards preventing chronic conditions. China and Japan are the two largest markets in the Asia Pacific, and the Japanese market is projected to reach its maturity level during the forecast period.

The animal probiotics segment is projected to account for the fastest growth during the forecast period.

The animals segment is projected to record the fastest growth during the forecast. The ban on synthetic antimicrobial growth promoters (AGP’s) in Europe is a factor driving the probiotics market. The motive behind the ban was to curb the practice of using antibiotics, antimicrobials, and other drugs for promoting the growth of livestock and increasing the production of meat, milk, and other products.

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

The Asia Pacific is a dominant region in the global probiotics market. Some factors that influence the market share include the high demand for functional foods and dairy products, the presence of key players in the regions, and awareness about the benefits of using probiotics. Top probiotic manufacturers such as Danone, Yakult Honsha, Nestlé, and Chr. Hansen together account for a share of more than one-third of the market. These companies have a strong presence in Europe and the Asia Pacific, and also have manufacturing facilities across these regions and a strong distribution network.

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Key Players:

This report includes a study of marketing and development strategies along with the product portfolios of leading companies in the probiotics market. It includes profiles of leading companies such as Danone (France), Yakult Honsha (Japan), Nestlé (Switzerland), and Chr. Hansen (Denmark).