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The global isoflavones market is estimated to be valued at USD 1.2 billion in 2019 and is projected to grow at a CAGR of 4.7% to reach USD 1.5 billion during the forecast period. Growth in this industry is driven by the increasing incidences of chronic diseases, rising prevalence of cancer, technological advancements in the manufacturing of isoflavones, the rapidly increasing geriatric population and so on.

By Source, the soy segment is expected to lead the isoflavones market.

Prominent dietary sources of isoflavones include soy milk and plant-based alternatives. Several calcium-fortified soy drinks that are rich in fiber and proteins are given preference in countries such as Germany, France, and Switzerland. The consumption of soy isoflavones as food ingredients or food supplements reduces the risk of breast cancer and growth of cancer cells by reducing the cell mitosis process, which fuels the demand for soy as a major source of isoflavones.

By application, the pharmaceutical segment is projected to account for the largest share during the forecast period.

Based on application, the isoflavones market is segmented into pharmaceuticals, nutraceuticals, cosmetics, and food & beverages. The pharmaceuticals segment accounted for the largest share, owing to its therapeutic and functional properties; isoflavones are used in the treatment for chronic and cardiovascular diseases.

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Key players in isoflavone market include Cargill (Germany), ADM (US), BASF (Germany), DSM (Netherlands), International Flavors and Fragrances (Frutarom) (US), Shanghai Freemen (US), Nexira Inc. (France), Bio-gen Extracts, Sikko Industries, SK Bioland (South Korea), BioMax (India), Avestia Pharma (India), NutraScience Labs (US), Tradichem S.L. (Spain), Nutra Green Biotechnology (China), Herbo Nutra (India), FutureCeuticals Inc. (US), Bio-gen Extracts (US), Xena Bio Herbals Pvt. Ltd. (India), Sikko Industries (India), Biomax (India), and Lactonova (India).

North America to lead the market during the forecast period.

The North American region accounted for the largest share of the isoflavones market. Increasing cases of obesity in North America increase the focus on weight management techniques & attracting consumers toward healthy and natural food products with natural ingredients, thereby propelling the demand for isoflavones in the region.

Market Dynamics

Driver: Prevalence of menopausal issues
Women in their menopause stage experience various issues such as hot flashes, insomnia, and, in numerous cases, sexual dysfunction. Many women prefer supplements containing estrogen, which may significantly increase the risk of blood clots, stroke, or breast or uterine cancer. Thus, estrogen may not be an option for many women, depending on their health and family health history. Women are currently inclining toward supplements with naturally therapeutic ingredients to manage their menopause symptoms with fewer risks. In response to such changing preferences of women, supplement manufacturers have turned to natural alternatives. They have started utilizing soy isoflavones instead of estrogen, as it mimics the estrogen characteristics and provides estrogen effects that aid in reducing menopausal symptoms such as hot flashes and fatigue.

Owing to the rising issues related to menopause and women’s inclination toward supplements with natural alternatives, the demand for isoflavones from the nutraceutical industry is projected to grow in the coming years

Restraint: Stringent regulatory requirements
Isoflavones come under the active pharmaceutical ingredient (API) category; hence, manufacturers have to follow the rules and regulations imposed for all API products.

Pharmaceutical API manufacturers across the globe are witnessing a rise in the demand for APIs, which results in a positive outlook for the market. However, the increasing stringency of regulations is considered as a major restraint that may limit the growth prospects of the market. According to the report, “Fine chemicals stringent regulations prompt return of manufacturing to the west,” published by IHS Chemical Week in January 2015, the demand for APIs is expected to grow at a consistent rate, while the supply of APIs manufactured with international Good Manufacturing Practice (GMP) standards and world-class documentation is not keeping pace with this demand.

Opportunity:Emerging technologies
Some of the recent advancements in drug development include the use of nanotechnology for the synthesis of APIs. The emergence of nanoparticle technologies for efficient delivery of APIs shows promising potential as a novel and efficient approach.

Nanobodies are similar to single-domain antibodies that can bind to specific antigens; however, they are much smaller in size than antibodies. Nanobodies are rapidly becoming an attractive technology platform for pharmaceutical development. Chitosan and Eudragit nanoparticles of Genistein, the predominant isoflavone found in soy products for cancer therapy, have been significantly evaluated for the treatment of chronic diseases in the past few years. The delivery of Genistein-loaded Chitosan and Eudragit S100 loaded polymeric nanoparticles has proven to be a feasible approach to treat cancer.

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Similarly, bispecific antibodies, which can bind to two different epitopes either on the same or different target, are attracting the attention of market players. Such emerging technologies have the potential to create attractive opportunities for market players.

Challenge: Less efficiency compared to alternatives
Soy isoflavones can take several weeks or more to reach their maximal benefit. For example, as per Healthline Media (US), a 2015 review found that soy isoflavones take more than 13 weeks to reach just half of their maximum effect. Traditional hormones such as estrogen therapy, on the other hand, take about three weeks to show the same benefit. However, possible adverse effects such as heart attacks and strokes associated with conventional estrogen therapy are projected to enable pharmaceutical and nutraceutical manufacturers to opt for isoflavones derived from natural resources.

The Specialty Enzymes Market is estimated to be valued at USD 4.4 billion in 2019 and is projected to reach USD 6.6 billion by 2025, recording a CAGR of 6.9% in terms of value. The growing concerns about the enzyme quality in pharmaceuticals & diagnostics and rise in demand for non-harmful biological catalysts are factors that are projected to drive the growth of the specialty enzymes market, globally.

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Based on source, the specialty enzymes market is segmented into microorganism, plant, and animal. The microorganism segment is projected to witness the highest growth during the forecast period, as enzymes obtained from microbial sources lead to low production costs. Furthermore, they contain more predictable and controllable enzyme content. In addition, as enzymes obtained from microbial sources can be cultured in large quantities in a short period, microorganisms are the primary source of specialty enzymes.

By type, the specialty enzymes market is segmented into carbohydrases, proteases, lipases, polymerases & nucleases, and other enzymes (such as catalases, laccases, oxidases, phosphatases, kinases, esterases, and pectinases). Polymerases & nucleases have been bolstering the biotechnological advancements for research & developments in the various industries. They have been used for molecular cloning to manipulate nucleic acids to generate advanced enzymes available today for commercial uses.

The specialty enzymes market in North America is dominating due to the increasing demand for enzymes in specialty applications. Technological innovations in machinery, optimization of production, logistics, and globalization of business have made the pharmaceutical industry one of the essential sectors in the North America region.

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Leading companies are BASF (Germany), Novozymes (Denmark), Roche Holding (Switzerland), DuPont (US), Codexis (US), Dyadic International (US), Advanced Enzymes (India), Amano Enzymes (Japan), Sanofi (France), Biocatalysts (UK), Enzyme Supplies (UK), BBI Solutions (UK), Specialty Enzymes & Probiotics (US), Amicogen (South Korea), Antozyme Biotech (India), Enzyme Development Corporation (US), Nagase & Co. Ltd. (Japan), Sekisui Diagnostics (US), Merck (Germany), and Biovet (Bulgaria).

The meat processing equipment market size is projected to grow from USD 6.8 billion in 2019 to USD 9.7 billion by 2026, recording a compound annual growth rate (CAGR) of 5.2% during the forecast period. Meat processing equipment is used to convert raw meat into the required finished meat product commercially through processes such as cutting, slicing, washing, blending, mixing, grinding, drying, thermal processes, freezing, coating, and cooling. 

The demand for meat processing equipment is increasing with the growth of the food and meat industry, owing to the increasing consumption of convenient meat products such as raw cooked meat, precooked meat, baked meat, dried meat, and other processed meat products.

Key meat processing equipment players include GEA Group (Germany), JBT Corporation (US), Marel (Iceland), Illinois Tools Work (US), The Middleby Corporation (US), Bettcher Industries (US), Equipamientos Carnicos (Spain), Biro Manufacturing Company (US), Braher (Spain), RZPO (Russia), Bizerba (Germany), Riopel Industries (Canada), Minerva Omega Group (Italy), Risco (Italy), Millard Manufacturing Corporation (US), Apache Stainless Equipment Corporation (US), Gee Gee Foods & Packaging (India), PSS Svidnik (Presovsky), Ross Industries, Inc. (US), and Metalbud Nowicki (Poland). 

Agreements, product launches, partnerships, and acquisitions were the dominant strategies adopted by major players. These strategies have helped them to increase their presence in different regions.

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GEA Group (Germany) is involved in the designing and manufacturing of food processing equipment and other industrial processing equipment catering to the chemical, pharmaceutical, marine, and other industries. The company operates in two major segments: BA equipment and BA solutions. 

It offers meat processing equipment, such as slicers, injectors, and massagers, under its BA equipment segment, through one of its subsidiaries, GEA Process Engineering Ltd. (Denmark). It focuses on developing products with advanced technologies to keep meat fresh for a longer duration. For instance, in February 2019, GEA introduced a new injection system, Multijector 2mm, that would be used for brining bacon/pork to keep them fresh for a longer duration.Marel (Iceland) is engaged in the manufacturing of processing equipment for the meat, fish, and poultry industries. 

It operates through four major segments: meat, fish, poultry, and others (water treatment, intralogistics, alternative proteins, and potatoes). Marel is continuously focused on developing new and innovative products to expand their product portfolios with an emphasis on offering customized products as per customer demands. Also, it is focused on innovating products to increase its range of applications. It follows the strategy of acquiring other companies to expand its product portfolios, services, geographical footprint, and customer base. 

For instance, in October 2019, it acquired Cedar Creek Company (Australia), a firm specializing in software and hardware for meat processors, which would aid the company to manufacture more innovative products and to expand its production line.Marel has acquired a wide range of international brands, which include GEBA (Israel), Stork poultry processing (Netherlands), Delford Sortaweigh (UK), Norfo (Norway), and CP food machinery (Denmark), in the recent years.

Increasing demand for efficient irrigation systems and increased investments by both the public and private sector in the irrigation market can be attributed to the growing demand for sprinkler irrigation systems, especially in developing markets.

The report "Sprinkler Irrigation Systems Market by Type (Center Pivot, Lateral Move, and Solid Set), Crop Type (Cereals, Oilseeds & Pulses, and Fruits & Vegetables), Mobility (Stationary and Towable), Field Size and Region – Global Forecast to 2025" The sprinkler irrigation systems market is projected to reach USD 2.7 billion by 2025, from USD 2.4 billion in 2019, at a CAGR of 1.9% during the forecast period. The market is driven by factors such as the shift from traditional irrigation methods to technologically advanced irrigation systems and increased public and private support for irrigation projects in developing economies.

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The lateral move segment is projected to have the fastest growth among all types of sprinkler irrigation systems during the forecast period.

The changing climatic conditions and awareness about water management are the main factors driving the demand for sprinkler irrigation systems. Moreover, the high returns on investments and high yield obtained from sprinkler irrigation drive the growth of this market. A properly designed irrigation system offers uniform irrigation application in a timely manner by using irrigation controllers, while minimizing losses and damages to the soil, water, air, and plant. On the basis of type, the sprinkler irrigation systems market is segmented into center pivot, lateral move, solid set, and others, which include traveling gun and side roll irrigation systems. The capital costs for lateral systems are lower than that of center pivots since these are preferable for large areas. Moreover, unlike pivots, these systems have a uniform pressure along the length and are also more labor-intensive. Hence, the demand for lateral move irrigation systems is projected to increase during the forecast period.

The cereals segment dominated the sprinkler irrigation systems market in 2018.

Based on crop type, the cereals segment is observed to hold a dominant share in the sprinkler irrigation systems market. Cereals and oilseed crops are mainly cultivated in large fields, where mechanized irrigation can be used. Moreover, irrigation scheduling facility based on climatic conditions, land topography, and the crop type, in cases of crop rotations, promotes the use of mechanized systems. Owing to the advantages of efficient water management and reduced labor requirements, there is an increased demand for mechanized systems in the irrigation of fields with cereal and oilseed crops.

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North America is projected to dominate the sprinkler irrigation systems market by 2025.

North America held the largest share of the global sprinkler irrigation systems market. This region extensively uses sprinkler irrigation systems to maximize production and increase its export of agricultural commodities. Due to the presence of large farms and high farm income, the adoption rate for center pivot and lateral move sprinkler irrigation systems is high in the region. Additionally, North America is highly competitive due to the presence of major global players such as Lindsay Corporation (US), Valmont Industries Inc. (US), and Reinke Manufacturing Company (US).

This report includes a study of the development strategies, along with the product portfolios of leading companies. It also includes the profiles of leading companies such as Valmont Industries (US), Lindsay Corporation (US), Jain Irrigation Systems Ltd. (India), The Toro Company (US), Rivulis Irrigation Ltd. (Israel), Netafim Limited (Israel), Rain Bird Corporation (US), T-L Irrigation (US), Reinke Manufacturing (US), Nelson Irrigation Corporation (US), Hunter Industries (US), Mahindra EPC (India), Alkhorayef Group (Saudi Arabia), Elgo Irrigation Ltd. (Israel), Antelco Pty Ltd. (Australia), and Irritec (Italy).

Defend your Market Share or Win Competitors

 The report "Starch Recovery Systems Market By Component (Refining sieves, Hydrocyclones and centrifuges, Vacuum filters, Screw conveyors, and Filling stations), Plant size (Large, Medium, and Small), Application, and Region - Global Forecast To 2023" The starch recovery systems market is estimated to be valued at USD 256 million in 2018 and is projected to reach USD 333 million by 2023 at a CAGR of 5.4%. Owing to factors such as the growing demand for snack food products; increasing environmental concerns; manufacturers’ inclination toward cost-efficient manufacturing processes and toward gaining profits from byproducts, the global market for starch recovery systems is projected to witness significant growth during the forecast period.

By component, the hydrocyclones and centrifuges segment is projected to be the largest contributor to the overall starch recovery systems market
during the forecast period, in terms of market share.

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The starch recovery systems market has been segmented, on the basis of component, into refining sieves, hydrocyclones and centrifuges, vacuum filters, screw conveyors, filling stations, and others (spray dryer, plate heat exchanger, and desander). The hydrocyclones and centrifuges segment is projected to dominate the market during the forecast period, in terms of value; it is projected to grow at the highest CAGR between 2018 and 2023. The growing potato processing industry and preferences for eco-efficient processing are driving the starch recovery systems market.

On the basis of application, the frozen products segment dominates the global starch recovery systems market.

The starch recovery systems market is segmented, on the basis of application, into frozen products, chips & snack pellets, dehydrated products, and others (canned potato and potato flour). The market for the frozen segment is projected to grow at a significant CAGR between 2018 and 2023. The increased demand for frozen potato products is positively impacting the growth of the starch recovery systems market.

By plant size, the large-scale potato processing industries are dominating the starch recovery systems market.

The starch recovery systems market is segmented, on the basis of plant size, into large, medium, and small. Large-scale plants are focusing on an eco-efficient process of generating starch from potato wastewater, creating a demand for starch recovery systems. The availability of budgets is one of the major factors due to which the large-scale industries have become early adopters of starch recovery systems. The need to reduce wastewater treatment costs and to earn additional profits by selling the recovered starch are some of the reasons to install the starch recovery systems. These factors are boosting the demand for starch recovery systems in the market.

Asia Pacific is projected to account for the largest market size during the forecast period.
Asia Pacific is projected to dominate the global starch recovery systems market during the forecast period. Expansion of the potato processing industry is driving the demand for starch recovery systems market in the Asia Pacific region. The potato processing industry in the Asia Pacific region is experiencing growth, owing to the increasing demand for processed potato products. Additionally, the potato processing industries have developed an inclination toward eco-efficient processing systems with better quality products and a reduced amount of industrial discharge, in recent years; this is also driving the market in this region. These factors are expected to create a potential market for starch recovery systems in the potato processing industry. Promising markets such as India and China, along with other Asian countries, hold great potential for the growth of starch recovery systems.

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Key Market Players:

Key players in the market include GEA (Germany), Alfa Laval (Sweden), Andritz (Austria), NivobaHovex (Netherlands), MICROTEC ENGINEERING GROUP (Australia), Myande Group (China), LARSSON SWEDEN (Sweden), Sino-Food Machinery (China), Flo-Mech (UK), Hiller GmbH (Germany), Flottweg (Germany), Stamex Technology (Thailand), and HAUS Centrifuge Technologies (Turkey). These players are increasingly undertaking new product launches, expansions & investments, and acquisitions & mergers to introduce and develop new technologies and products in the market and to expand their product portfolios in the untapped regions.

Food Colors Market worth $5.4 billion by 2026

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.

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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.

ccording to MarketsandMarkets, the "Feed Additives Market by Type (Amino Acids, Phosphates, Vitamins, Acidifiers, Carotenoids, Enzymes, Mycotoxin Detoxifiers, Flavors & Sweeteners, Minerals, and Antioxidants), Livestock, Form, Source, and Region - Global Forecast to 2026" size is estimated to be valued at USD 38.1 billion in 2021. It is projected to reach USD 49.6 billion by 2026, recording a CAGR of 5.5%, in terms of value. The growing consumption of livestock-based products and increasing feed manufacturers is driving the demand for feed additives.

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Impact of COVID-19 on feed additives market

The outbreak of COVID-19 has brought serious medical, social, and economic challenges. Where the medical community is focused on developing successful diagnostic and medical treatment, the feed industry is also focused on manufacturing healthy products using for animals using feed additives to combat diseases by providing immune support.

Owing to the increasing COVID-19 pandemic outbreak in various regions/countries, the feed additives market in 2020 was observed to witness a decline due to the lockdowns in various countries, closure of the international borders, and delay in cross border transit that has led to supply chain hindrances. The social distancing and the other measures taken by the regional governments limit the number of people who can work together in small areas. Thus, the decline in 2020 in the feed additives market growth was mainly due to the major impact of the COVID-19 pandemic. Gradually, as the restrictions of the government measures are likely to relax, the market for feed additives would witness a slight increment in the upcoming years till 2026.

Key players in this market include Cargill (US), ADM (US), Dupont (US), Evonik (Germany), BASF (Germany), DSM (Netherlands), Ajinomoto (Japan), Novozymes (Denmark), Chr Hansen (Denmark), TEGASA (Spain), Nutreco (Netherlands), Kemin Industries Inc. (US), Adisseo (France), Alltech (US), Palital Feed Additives B.V. (Netherlands), Global Nutrition International (France), Centafarm SRL (Italy), Bentoli (US), NUQO Feed Additives (France), and Novus International Inc. (US).

The key players are fixated upon improving their market shares, while their newer start-ups are being established rapidly in the market. The feed additives market can be classified as a competitive market as it has the presence of a large number of organized players, accounting for a major part of the market share, present at the global level, as well as unorganized players present at the local level in several countries. There are numerous existing and emerging companies, particularly in the Asian markets.

Cargill is involved in the manufacturing and marketing of food, agricultural, financial & industrial, and animal nutrition & protein products. The company offers feed ingredients through the animal nutrition business segment. Cargill’s animal nutrition provides feed additives through its brand, Promote for poultry, swine, beef, and dairy. It offers products such as probiotics, enzymes, antioxidants, and mycotoxin detoxifiers. The company operates across 70 countries with R&D centers in Europe, North America, and Latin America that provide services in various countries of Africa, Europe, Asia, Latin America, North America, and the Middle East to improve its global presence significantly.

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Archer Daniels Midland Company (ADM) is primarily engaged in the production of food ingredients, animal feed & feed ingredients, biofuels, and naturally-derived alternatives to industrial chemicals. The company operates through four business segments, namely, agriculture services and oilseeds, carbohydrate solutions, nutrition, and others. It offers feed additive products through its subsidiary ADM Animal Nutrition, Inc. (US). It offers specialty ingredients, premixes & blending, and feed products for animal health. ADM is identified as one of star players in the feed additives market as the company offers a wide range of products with its key focus on innovation in the market.

The report "Starch Recovery Systems Market By Component (Refining sieves, Hydrocyclones and centrifuges, Vacuum filters, Screw conveyors, and Filling stations), Plant size (Large, Medium, and Small), Application, and Region - Global Forecast To 2023" The starch recovery systems market is estimated to be valued at USD 256 million in 2018 and is projected to reach USD 333 million by 2023 at a CAGR of 5.4%. Owing to factors such as the growing demand for snack food products; increasing environmental concerns; manufacturers’ inclination toward cost-efficient manufacturing processes and toward gaining profits from byproducts, the global market for starch recovery systems is projected to witness significant growth during the forecast period.

By component, the hydrocyclones and centrifuges segment is projected to be the largest contributor to the overall starch recovery systems market
during the forecast period, in terms of market share.

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The starch recovery systems market has been segmented, on the basis of component, into refining sieves, hydrocyclones and centrifuges, vacuum filters, screw conveyors, filling stations, and others (spray dryer, plate heat exchanger, and desander). The hydrocyclones and centrifuges segment is projected to dominate the market during the forecast period, in terms of value; it is projected to grow at the highest CAGR between 2018 and 2023. The growing potato processing industry and preferences for eco-efficient processing are driving the starch recovery systems market.

On the basis of application, the frozen products segment dominates the global starch recovery systems market.

The starch recovery systems market is segmented, on the basis of application, into frozen products, chips & snack pellets, dehydrated products, and others (canned potato and potato flour). The market for the frozen segment is projected to grow at a significant CAGR between 2018 and 2023. The increased demand for frozen potato products is positively impacting the growth of the starch recovery systems market.

By plant size, the large-scale potato processing industries are dominating the starch recovery systems market.

The starch recovery systems market is segmented, on the basis of plant size, into large, medium, and small. Large-scale plants are focusing on an eco-efficient process of generating starch from potato wastewater, creating a demand for starch recovery systems. The availability of budgets is one of the major factors due to which the large-scale industries have become early adopters of starch recovery systems. The need to reduce wastewater treatment costs and to earn additional profits by selling the recovered starch are some of the reasons to install the starch recovery systems. These factors are boosting the demand for starch recovery systems in the market.

Asia Pacific is projected to account for the largest market size during the forecast period.
Asia Pacific is projected to dominate the global starch recovery systems market during the forecast period. Expansion of the potato processing industry is driving the demand for starch recovery systems market in the Asia Pacific region. The potato processing industry in the Asia Pacific region is experiencing growth, owing to the increasing demand for processed potato products. Additionally, the potato processing industries have developed an inclination toward eco-efficient processing systems with better quality products and a reduced amount of industrial discharge, in recent years; this is also driving the market in this region. These factors are expected to create a potential market for starch recovery systems in the potato processing industry. Promising markets such as India and China, along with other Asian countries, hold great potential for the growth of starch recovery systems.

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Key Market Players:

Key players in the market include GEA (Germany), Alfa Laval (Sweden), Andritz (Austria), NivobaHovex (Netherlands), MICROTEC ENGINEERING GROUP (Australia), Myande Group (China), LARSSON SWEDEN (Sweden), Sino-Food Machinery (China), Flo-Mech (UK), Hiller GmbH (Germany), Flottweg (Germany), Stamex Technology (Thailand), and HAUS Centrifuge Technologies (Turkey). These players are increasingly undertaking new product launches, expansions & investments, and acquisitions & mergers to introduce and develop new technologies and products in the market and to expand their product portfolios in the untapped regions.

The report "Bitterness Suppressors and Flavor Carriers Market by Form (Liquid, Solid), Category (Solvents, Fats, Starches, Sugars), Application (Food, Beverages, Pharmaceuticals), Flavor Type (Natural, Artificial), Availability, and Region - Global Forecast to 2023", published by MarketsandMarkets™. The bitterness suppressors and flavor carriers market is estimated to be at USD 192 million in 2018 and is projected to reach USD 244 million by 2023 at a CAGR of 4.9%. Owing to factors such as growing industrialization; increasing environmental concerns; growing consumer awareness; producers’ inclination toward cost efficiency and profitability; and increasing consumer demand for low-calorie products, for nutraceuticals, and for convenience and functional food and beverages, the global market for bitterness suppressors and flavor carriers is projected to witness significant growth during the forecast period.

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The flavor carriers segment is estimated to dominate the market with the largest share in 2018.

On the basis of category, the flavor carriers segment is estimated to account for a major market share in 2018. The bitterness suppressors segment is witnessing a higher growth rate due to the increasing requirements of the pharmaceutical industry. Also, the shift in consumer preferences from conventional food and beverages to functional and healthier options is fueling the bitterness suppressors market growth during the forecast period.

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By form, the liquid segment is projected to account for the largest share of the market by 2023.

The liquid segment of bitterness suppressors and flavor carriers is projected to account for the largest share by 2023. Liquid flavor carriers have excellent blending properties, and they increase the solubility of many flavor compounds. Liquid flavor carriers and bitterness suppressors are generally used in syrups and beverages. Since the demand for beverages is on the rise, the overall demand for liquid bitterness suppressors and flavor carriers is expected to rise.

Asia Pacific is projected to account for the largest market share by the projected year.

Asia Pacific is projected to account for the largest market share by 2023. Due to high population concentration in this region, there is an increasing demand for flavors used in the food, pharma, and nutraceutical segments; this, in turn, is fueling the demand for bitterness suppressors and flavor carriers in this region. Rising disposable income, changing lifestyles, and increase in demand for functional food products and beverages are also resulting in an increased demand for flavor carriers in the region. In addition, the market is driven by growing demand for beverages in developing countries such as China and India. Also, due to rising health concerns and higher incomes, coupled with better government initiatives, the pharmaceutical market in this region is also expected to grow. These factors together are fueling the growth of the bitterness suppressors and flavor carriers market in the Asia Pacific region.

What is the Future Scope of the Feed Market

Post COVID-19, the global feed market size is estimated to grow from USD 282.8 billion in 2020 and is projected to reach USD 289.0 billion by 2021, recording a CAGR of 2.2% during 2020–2021.

The increasing awareness about livestock nutrition, modernization of the livestock industry, and the rise in the consumption of meat & other livestock-based products have led to an increase in the market size of feed additives. However, due to COVID-19, feed manufacturers and producers are becoming more aware of techniques and strategies to cope up with the situation. This, in turn, is projected to lead to an increase in demand for feed additives, as the market growth starts stabilizing.

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Supply chain disruptions and impact on feed production have affected the feed market.
The poultry industry is battling rumors of coronavirus spreading through the consumption of meat and meat products. In some regions, lockdowns have been announced to control the coronavirus pandemic, which has been impacting the movement of vehicles carrying livestock, feed, and feed ingredients. On the other hand, raw material price volatility is a major challenge faced by feed manufacturers worldwide during COVID-19.

Shutdowns are leading to a loss in demand for meat, dairy, and animal products impacting the feed market.
Due to the COVID-19 pandemic, the demand for basic food or essentials has been on the rise. Despite the strong demand for meat, dairy, and aquaculture products amidst the coronavirus pandemic, the supply chain has witnessed a host of disruptions, which are stopping producers from providing their products in the market. For instance, disruptions in the supply chains are causing wastage of fresh produce in the US, even though there are a high demand and food shortage for dairy produce. Due to these factors, the market leader in the dairy industry, the Dairy Farmers of America, had to ask farmers to dump their milk.

The global export for beef and chicken meat trade has been reduced due to the emerging threats from the spread of COVID-19 pandemic. Furthermore, the economic growth in 2020 and the impact on consumers of the pandemic will dampen the demand for animal protein, subsequently affecting the feed market.

Key Market Players
Some of the major players in the feed market are Cargill (US), ADM (US), and BASF (Germany). Cargill is involved in the manufacturing and marketing of food products, agricultural produce, financial & industrial solutions, and animal nutrition & protein products. The company offers feed ingredients through the animal nutrition business segment. Cargill’s animal nutrition segment provides feed additives through its brand, Promote, for poultry, swine, beef, and dairy products.

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As the COVID-19 pandemic spreads across the world, the agriculture industry’s supply chain focuses on keeping employees and consumers safe while still providing vital equipment, services, commodities, feed products, and food products. According to the World Health Organization, Cargill has stopped all the non-essential and international business travels for the coming few weeks, due to which the supply for feed additives & ingredients is projected to decline in the coming years. However, the demand is projected to revive after the third quarter, as the impact of COVID-19 is projected to reduce. Despite various challenges and hindrances faced by the company, Cargill is delivering essential services globally by providing feed and food ingredients.

Growth opportunities and latent adjacency in COVID-19 Impact on Food Safety Testing Market

The report "COVID-19 Impact on Food Safety Testing Market by Testing Technologies (DNA-based, Immunoassay-based, Chromatography- & Spectroscopy-based), Targets Tested (Pathogen, GMO, Allergen, and Mycotoxin), and Region - Global Forecast to 2021" published by MarketsandMarkets, the Impact of COVID-19 on the global food safety testing market is estimated to be valued at USD 10.5 billion in 2020 and is projected to reach USD 12.3 billion by 2021, recording a CAGR of 16.6% from 2019 to 2021 in the realistic scenario. The increasing consumer awareness towards safe food products and the outbreak of foodborne diseases are the driving factors for the impact of COVID-19 on the food safety testing industry.

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The DNA-based segment is projected to witness significant growth during the forecast period

Based on testing technologies, the food safety testing market is segmented into DNA-based, immunoassay-based, and chromatography- & spectroscopy-based. The DNA-based segment is projected to witness significant growth during the forecast period. DNA-based technology is a rapid testing technology used for the testing of GMOs in food products. It is a very advanced technology and provides accurate results in less duration of time as compared to other technologies, and therefore makes it ideal for testing of food products.

The pathogen segment to hold the majority share in the food safety testing market during the forecast period
Based on the targets tested, the food safety testing industry is segmented into pathogens, GMA, allergens, and mycotoxin. The pathogen segment is estimated to account for the larger share for the food safety testing market, as these are highly contagious agents liable for food contamination, resulting in a host of diseases. Moreover, new emerging foodborne pathogens and foodborne diseases are likely to be driven by factors such as pathogen evolution, changes in agricultural & food manufacturing practices, and changes in human host status.

Browse in-depth TOC on "Impact of COVID-19 on Food Safety Testing Market"

51 - Tables
21 - Figures
86 - Pages

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

The Asia Pacific food safety testing market is expected to have higher growth potential as compared to other regions in the coming years, due to the outbreak of COVID-19. A large consumer market and increasing disposable income in India and China are driving the demand for high-quality, safe food products. Also, the growth of the market in this region is driven by various rules & regulations implemented in different countries, specifically post-COVID. Food security standards are increasingly becoming stringent to ensure a safer supply of food to individuals in local and foreign countries. Governments have put various regulations in place for consumers, producers, and regulators

This report includes a study on the marketing and development strategies, along with the product portfolios of the leading companies. It consists of the profiles of leading companies such as Eurofins (Luxembourg), SGS (Switzerland), Intertek (UK), Bureau Veritas (France), and TUV SUD (Germany)

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.

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