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Agricultural Micronutrients Market

The global agricultural micronutrients market is estimated to be valued at USD 3.6 billion in 2020 and is projected to reach USD 5.4 billion by 2025, recording a CAGR of 8.7%. The growth of the agricultural micronutrients market is driven by various factors, such as the increasing micronutrient deficiency in soil and rising focus on crop productivity and quality.

Key players in the agricultural micronutrients market include BASF SE (Germany), Nutrien, Ltd. (Canada), Yara International ASA (Norway), AkzoNobel (Netherlands), The Mosaic Company (US), Valagro (Italy), and Compass Minerals International (US). Product innovations, expansions, mergers & acquisitions, agreements, collaborations, and partnerships were some of the core strengths of the leading players in the agricultural micronutrients 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 leading players in the agricultural micronutrients market include Nufarm (Australia), Land O’ Lakes (US), Coromandel International Limited (India), Helena Chemical Company (US), Sapec S.A. (Belgium), Haifa Group (Israel), Balchem (US), Stoller Enterprises (US), Zuari Agrochemicals Ltd. (India), ATP Nutrition (US), and BMS Micro-Nutrients NV (Belgium).

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Nutrien Ltd. (Canada) has the largest crop nutrient product portfolio, which is combined with a global retail distribution network that includes more than 1,500 farm retail centers. Nutrien Ltd. specializes in crop nutrition and is engaged in the production and distribution of potash, nitrogen, and phosphate products for agricultural, industrial, and feed manufacturers. A subsidiary of Nutrien Ltd., Nutrien Ag Solutions is the leading provider of agricultural products and services for western Canadian growers. The company has a wide-ranging agricultural retail network that provides services to over 500,000 grower accounts. The company has a network of nearly 1,700 retail locations in seven countries, along with operations and investments in 14 countries, globally. The company has its presence in North America, South America, Europe, Asia, Africa, and Australia.

Yara International ASA (Norway) is a leading crop nutrition company. The company’s product segment comprises ammonia, nitrates, calcium nitrate, and NPKs, with a growing portfolio of phosphates, providing the foundation for its crop nutrition and industrial solutions businesses. It provides micronutrients through its crop nutrition segment. The product offering covers both commodity and high-value crops, where it offers differentiated fertilizer products and services. The segment offers the most comprehensive crop nutrition product portfolio, ranging from standard nitrogen products to complete crop nutrition solutions.

Upcoming Growth Trends in the UHT Processing Market

The UHT processing market is estimated to reach USD 3.5 billion in 2020 and is projected to account for USD 6.7 billion by 2025, recording a CAGR of 13.5% during the forecast period.

The global UHT processing market is projected to grow in the coming years attributed to the growing consumer awareness and increasing demand for UHT treated milk and juices. There is a rising demand for convenient foods due to rising urbanization. Consumers are willing to spend more on value added products which are highly shelf stable.

The European region dominates the UHT processing market as the consumers have a higher per captita income which makes it affordable to purchase. The Asia pacific region is projected to grow at the highest growth rate.

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The key players in the industrial alcohol market include Tetra Laval International S.A. (Tetra Laval) (Switzerland), SPX Flow (US), GEA Group (Germany), Alfa Laval (Sweden), and Elecster Oyj (Finland), Shanghai Triowin Intelligent Machinery (China), Microthermics (US), Shanghai Jimei Food Machinery (China), TESSA I.E.C Group (Israel), Stephan Machinery Gmbh (Germany), GOMA Engineering (India), Nanjing Prosky Food Machinery Manufacturing Co., Ltd (China), JBT (US), Neologic Engineers Private Ltd.(India), M&E Trading Gmbh & Co KG (Germany), Iwai Kikai Kogyo Co., Ltd (Japan)., Machine Point Group (Spain), Krones AG(Germany), Paul Muellar Company (US), IMA Group (Italy), Feldmeier Equipment Inc (US), Scherjon Dairy Equipment Holland B.V. (Netherlands), Highland Equipment Inc.(Canada), Repute Engineers Private Limited (India).

Tetra Laval International S.A. (Tetra Laval) (Switzerland) is among the leading players in the UHT processing market. The company has one of the largest ranges of UHT processing equipment. This equipment caters to food and beverage applications such as milk, dairy desserts, juices, dairy alternative products, soups, sauces, and many others. The UHT heating solutions offered by the company can be tailored to the unique business needs of its clients, from small production to large-scale innovation and; from milk to liquid food as well.

Tetra Pak offers two alternative methods of UHT treatment such as direct and indirect. The company has a network of more than 5 R&D centres across, which is backed by over 100 researchers in its state-of-the-art facilities.

The company has presence in over 160 countries across Asia, Europe, South America, North America, Europe and Africa, which gives it a competitive edge over other players.

GEA Group (Germany) is a one of the largest suppliers of process technology to the food industry. The company is engaged in the design and development of industrial equipment for the food processing industry and a wide range of other process industries. The company previously used to function through four business segments, namely GEA process engineering, GEA mechanical equipment, GEA refrigeration technologies, and GEA farm technologies. However, the new group structure categorizes the business segments into two business areas, namely business area equipment (BA equipment) and business area solutions (BA solutions).

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The company has operations in more than 50 countries worldwide and is engaged in applying technologies, such as liquid processing, powder processing & handling, dairy systems, aseptic packaging, concentration & pre-treatment, pharma processing for solid dosage and liquid sterile, and brewery systems for various industries. It offers blenders & mixers through its process engineering segment, which is committed to providing solutions for dairy, brewing, food, pharma, and chemical industries through one of its subsidiaries—GEA Process Engineering Ltd. It provides UHT processing equipment under its liquid processing systems business.

Starch Derivatives Market: Key Factors behind Market’s Rapid Growth

According to MarketsandMarkets, the global starch derivatives market size is estimated to be valued at USD 50.9 billion in 2020 and is projected to reach USD 61.5 billion by 2025, recording a CAGR of 3.9% in terms of value. The growth of starch derivatives market can be attributed to the increase in demand for processed and convenience food. Along with that, there is an increase in consumers shifting towards plant-based diets, which are also expected to fuel the starch derivatives market in the forecasted period.

Asia Pacific region dominated the global starch derivatives market.Starch derivatives are prepared by treating native starch physically, enzymatically, or chemically to modify its properties and to withstand the process they are subjected to for use in various applications. Starch derivatives have numerous applications in the food & beverage industry. They are used in a wide range of products such as bakery & confectionery, processed foods, beverage and other applications such as cereal & snacks. They are used across various other industries including papermaking, textiles, pharmaceuticals and feed industry.

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Asia Pacific region dominated the global starch derivatives market. It is largely driven by rising demand for starch derivatives in large economies such as China, India, Japan, and other Southeast Asian countries. The industrial applications and technologies involved in starch processing are changing rapidly in Asia Pacific region. It is also witnessing high investments in the starch derivatives market, from key players in the market. These all factor are contributing to the growth of starch derivatives market in the region. Among various types of starch derivatives, glucose syrup accounts for the major market share in the overall starch derivatives market. Glucose syrup finds its application in various food and non-food applications. It is primarily used in the food & beverage industry as sweetener, thickener, and moisture-retaining agent.

It helps in providing texture, volume, improved stability, and longer shelf life to the product.Based on application, the food & beverages segment is projected to be the fastest-growing during the forecast period. This growth is mainly associated with the growing the demand for processed and convenience food. Functional properties of starch derivatives and their ease of incorporation in a wide range of food applications; hence, the demand is more in the food & beverages sector.Among various raw materials, the cassava segment is projected to be the fastest-growing from 2020 to 2025. It has several characteristics, which include high paste viscosity, high clarity, excellent thickening characteristics, natural taste, desirable textural characteristics, and high freeze-thaw stability, which are advantageous to many food preparations; it is also a relatively cheap source of raw material, which contains a high concentration of starch (dry-matter basis) that has more properties as compared to other starch derivatives such as that of corn, wheat, sweet potato, and rice.

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The liquid form of glucose which is one of the starch derivatives is quite popular among the manufacturers. Due to its high stability and functional properties it is preferable among manufacturers of various industries.

Top Driving Factors of UHT Processing Market

Top Driving Factors of Pectin Market

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.

Refrigerated Transport Market: Key Factors behind Market’s Rapid Growth

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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Service providers are looking for new strategies to select transport modes with a view to cutting costs and increasing supply chain efficiency. Currently, intermodal transport is increasingly used in the food & beverage industry. Intermodal transport relies primarily on rail shipments and transports perishable commodities using multiple modes of transportation (trucks, ship, and air). Reefer containers are also utilized in intermodal transport. Service providers take advantage of the attributes of both trucks and rail shipping. Refrigerated railroad cars save considerable fuel and carry high volumes of perishable commodities than cargos over long distances. Refrigerated trucks, vans, and trailers transport delivers between rail terminals and the final delivery point. Intermodal rail shipments can reduce highway congestion and emissions. Their ability to control costs is a primary driver, which will benefit service providers and end users. A single rail shipment also conserves approximately 100,000 gallons of diesel fuel, and according to EPA estimates, it reduces CO2 emissions by 85,000 metric tons a year.

Therefore, service providers are considering the adoption of this mode of transport for cost reduction, improvement in efficiency, and reduction of environmental impact.

Multi-temperature trucks store different products at different temperatures using multiple-refrigeration systems. These trucks and trailers are segmented into flexibly sized compartments using curtain-like structures called skinny buns. Multi-temperature compartments are similar to single-temperature compartments and use control and monitoring systems that assess the temperature of the refrigerated environment at regular intervals. Retailers using single temperature trailers have to list multiple trucks to deliver shipments. However, multi-temperature trucks combine these shipments in one load. They increase the capacity by up to 60%, depending on the design and materials used. The use of multi-temperature refrigerated trucks reduces emissions and is economical. These trucks witness significant demand, particularly in developed countries.

The Asia Pacific refrigerated transport market is projected to witness a higher growth potential in the coming years. Frozen and chilled food products provide the option of convenience, along with maintaining nutrition and are increasingly preferred among consumers in the emerging economies of Asia Pacific, due to the rapid urbanization and increased spending capacities. For instance, in 2019, a survey conducted by ASSOCHAM (The Associated Chambers of Commerce and Industry of India) stated that the packaged food market in India is expected to reach USD 72.6 billion by 2020 from USD 31.7 billion in 2015. This growth is attributed to a surge in the consumption of frozen foods, dairy products, ready-to-cook/ready-to-eat foods, and bakery products, which in turn, creates the demand for refrigerated transport for convenient and efficient transportation of such products.

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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.

Key Trends Shaping the Tea Extracts Market

The global tea extracts market is estimated to be valued at USD 2.5 billion in 2019 and is projected to reach USD 3.8 billion by 2025, recording a CAGR of 6.9%. The market is projected to witness significant growth due to factors such as the increase in the consumption of functional foods, rise in health consciousness among consumers, and increasing adoption of tea due to the ill-effects from caffeine, thereby widening the scope of its applications. The increasing market potential, growing population, and growing demand for different types of tea extracts, as per health benefits, are factors that are projected to impact the growth of the tea extracts market.

The demand for tea extracts remains high across developed markets, such as the US and UK. Developing countries, such as China, Brazil, and India, are projected to witness a surge in demand for tea extracts in the coming years. This demand is projected to remain high due to the increase in the production of processed and functional food products. Emerging economies, such as Malaysia, Indonesia, and Thailand, in the Asia Pacific region, are also witnessing high growth. In addition, the exponential growth is projected to be witnessed in the new and emerging markets, such as China, India, and other Asia Pacific countries.

Key manufacturers are focusing on expanding in Asia, as it offers cost-effective benefits to manufacturers, in terms of production and processing, due to the low prices of raw materials and cheap labor. The rise in the standard of living and changes in lifestyles in developing countries also contribute to the growth of the functional food and convenience products market.

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Companies are increasingly investing in R&D activities, and new product launches to incorporate the formulations of existing products and cater to customer requirements. Companies are focusing on innovating new products to benefit their customers. The rise in health concerns and the consumer demand for healthy products are expected to encourage companies to invest in research & development activities. Top players such as ADM (US), Givaudan (Switzerland), and Dupont (US) are focusing on engaging in research & development activities to meet the increasing demand for tea extracts in various applications. In June 2019, Givaudan (Switzerland) launched its innovation center to produce differentiated flavors, taste, and aroma in various products, such as food, beverages, and personal care.

The company has also acquired Naturex (US), an international leader in plant extraction, to set up its foot in the US market.
By application, the tea extracts market is segmented into food, beverages, pharmaceuticals, and cosmetics. Beverages are the most popular application of tea extracts, as tea has been one of the conventional beverages since time immemorial. Also, due to its antioxidant and anti-inflammatory properties, it has gained popularity in recent times, aligning with the shift towards the healthy lifestyle among consumers. Hence, the beverages segment is estimated to dominate the market in 2019, by application.

Green tea extracts are used in various applications, such as food, beverages, and cosmetics. Due to the rising health consciousness, consumers are shifting towards the non-conventional type of nutrient options. Consumers are willing to spend on luxury foods and beverages due to the increase in disposable income and the rise in geriatric population. Consumers are also keen to switch from traditional caffeine-based drinks to flavored tea extracts.

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The major players, such as Dupont (US), ADM (US), Givaudan (US), Kemin Industries (US), and Frutarom (US), in the tea extracts market, are focusing on undertaking new product launches, expansions & investments, and acquisitions to expand their global footprint.

Opportunities for New Market Entrants in Edible Packaging Market

The report "Edible Packaging Market by Source(Plant & Animal), Raw Material(Seaweeds & Algae, Polysaccharides, Lipids),End Use, Packaging Process(Antimicrobial, Nanotechnology, Electrohydrodynamic, Coatings, Microorganisms), Region - Global Forecast to 2025", is projected to reach USD 679 million by 2025, from USD 527 million in 2019, at a CAGR of 4.3% during the forecast period. The market is driven by factors such as improved consumer awareness regarding environmental concerns, increased innovations in the food packaging industry, government regulations, and a potential ban on single-use plastics.

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Increasing concerns over solid waste disposal and efficient preservation of food products are key factors driving growth in the edible packaging market during the forecast period.

Edible packaging refers to the use of films and coatings that are derived from edible raw material sources used to package food & beverages. These films and coatings aid in increasing the effectiveness and shelf-life of food products. Increasing use of natural sources and increasing concerns over sustainable packaging practices in developing countries uplift the manufacturing of edible packaging. Edible food packaging made from chitosan is an effective form of edible packaging as it inhibits the growth of microorganisms and keeps the food safe. Lipid materials extracted from animal sources used for producing edible packaging help in enhancing the brightness on the surface of fruits & vegetables. Casein films made from milk protein possess the property of preserving the food by removing oxygen from the surface and thus effectively preserving the food.

By raw material, seaweeds and algae are the most widely used for manufacturing edible films and coatings.

Seaweed, as a raw material for manufacturing edible packaging, has numerous benefits as it is cost-effective and can be easily harvested because of its availability along major coastlines. Seaweed can help resolve the shelf-life gap as it can serve as a highly efficient alternative by replacing polyethylene tetrapthalate. It is also used as an alternative to non-recyclable sachets. Along with serving the primary requirements of edible packaging, it provides added functional benefits as it is highly nutritious and has minimal risks with regard to allergies. Algae possess the property of being molded into different shapes and sizes. Therefore, it can easily serve as an alternative to bottles, sachets, and other similar packaging materials.

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Asia Pacific is projected to grow at the fastest pace in the edible packaging market.

The edible packaging market in Asia Pacific is projected to witness significant growth during the forecast period due to evolving consumer preferences, government initiatives incentivizing the adoption of edible packaging solutions, and increase in the purchase power parity in developing regions, which has resulted in more businesses adopting edible packaging over conventional forms of plastic in the region. Consumers in these regions are switching to a lifestyle of zero-waste packaging to reduce the impact of plastic pollution.

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 Monosol LLC (US), JRF Technology (US), Evoware (US), Tipa Corp. (Israel), Nagase America (US), Notpla Ltd. (UK), Avani (Indonesia), Wikicell Designs (US), Amtrex Nature Care Pvt. Ltd. (India), EnviGreen Biotech Pvt. Ltd. (India), Regeno Bio-Bags (India), Devro Plc (UK), Apeel Sciences (US), Coolhaus (US), Do Eat (Belgium), Ecoactive (US), Mantrose UK Ltd. (UK), Dental Development Systems LLC (US), Tomorrow Machine (Sweden), and Lactips (France).

Opportunities for New Market Entrants in Cultured Meat Market

The report "Cultured Meat Market by Source (Poultry, Beef, Seafood, Pork, and Duck), End-Use (Nuggets, Burgers, Meatballs, Sausages, Hot Dogs), and Region (North America, Europe, Asia Pacific, Middle East & Africa, South America) - Global Forecast to 2032", published by MarketsandMarkets. According to MarketsandMarkets, the cultured meat market size is estimated to be valued at USD 214 million in 2025 and is projected to reach USD 593 million by 2032, recording a CAGR of 15.7% from 2025 to 2032 in the normal scenario. The rising consumption of meat and increasing demand for nutritional meat are some of the key factors driving the growth of the industry.

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The poultry segment is projected to witness the fastest growth during the forecast.

Based on the source, the cultured meat market is segmented into poultry, beef, seafood, pork, and duck. The poultry segment is projected to witness the fastest growth during the forecast period, due to its availability when compared to other meat sources, such as beef, and also due to the large consumer preference for poultry & poultry products.

The growing popularity of poultry products in various quick-service restaurants (QSRs) has encouraged manufacturers to develop innovative alternative products to meet future demand from meat consumers. Moreover, the rising demand for chicken meat, owing to the rapidly growing urbanized population in developing countries, is expected to support the cultured meat market globally. According to the FAO, the growing demand for poultry products is driven by urbanization, population growth, and an increase in income levels in developing countries.

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The nuggets segment is projected to witness the fastest growth in the cultured meat market during the forecast period.

By end-use, the cultured meat market is segmented into nuggets, burgers, meatballs, sausage, hotdogs, and others. Key fast food retailers such as KFC and the supermarkets are also offering chicken nuggets, as consumers prefer spending on ready-to-eat food products instead of cooking. Thus, cultured meat companies are focusing on providing chicken meat products in the form of nuggets. Nuggets is one of the major forms, in which chicken meat products are consumed in various countries. This is attributed to the increasing adoption of on-the-go lifestyle and consumption of snacking products, particularly in the US, consumers.

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North American is estimated to dominate the cultured meat market, in terms of value, in 2021

The cultured meat market in North America is projected to witness high growth due to the rise in innovations and developments, and high spending for efficient R&D. Health concerns about the consumption of meat products, increase in investor interests in alternative proteins, and potentials to provide the required nutrition in tailor-made proteins are the major factors for the consumers to shift from conventional meat to cultured meat products. The rising demand for the alternative protein in the region supports increased investment in cultured meat companies. For instance, in 2017, Cargill invested in Memphis Meats (US) to tap the potential related to the cultured meat market.

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 Memphis Meats (US), MosaMeat (Netherlands), SuperMeat (Israel), Just, Inc (US), Integriculture (Japan), Aleph Farms Ltd (Israel), Finless Foods Inc. (US), Avant Meats Company Limited (China), Balletic Foods (US), Future Meat Technologies Ltd (Israel), Appleton Meats (Canada), Higher Steaks (UK), Biofood Systems LTD (Israel), Fork & Goode (US), Meatable (Netherlands), Mission Barns (US), Bluenalu, Inc. (US), New Age Meats (US), Shiok Meats (Singapore), Seafuture Sustainable Biotech (Canada), Wild Type (US), Lab farm Foods (US), Cubiq Foods (Spain), Kiran Meats (US), and Cell Farm FOOD Tech/Granjua Celular S.A (Argentina).

Natural Food Colors & Flavors Market: Opportunities And Challenges

According to MarketsandMarkets, the global natural food colors & flavors market size is estimated to be valued at USD 5.0 billion in 2020 and projected to reach USD 6.8 billion by 2025, recording a CAGR of 5.4% in terms of value. Emerging markets in upcoming economies such as the Asia Pacific and South American countries are going to be potential markets for the natural food colors & flavors manufacturers. The increase in per capita income and change in the trends of food consumption are poised to increase the share of the market. These factors are projected to drive the growth of the natural food colors & flavors market during the forecast period.

Food is the dominating application segment for both colors and flavors. Majorly dairy, bakery and confectionary applications are using natural ingredients. Due to the shift in consumption habit of consumers the popularity of natural food colors & flavors among food manufacturers is on rise.

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Caramel is the dominating type segment for food colors and natural extracts is the dominating type for food flavors market. The demand for colors and flavors directly extracted from plant sources is driving the market for both.

Liquid & gel form is the form of natural colors& flavors which is high in demand. It is quite popular because of its uniform mixing nature in the recipe, which gives consistent color & flavor.

South America is projected to witness the fastest growth in the natural food colors & flavors market during the forecast period due to the increase in the production and supply of natural food colors & flavors for various applications of food & beverages.

A consumer base shift has been observed in the past few years on various scales, such as physical activities, health awareness, connoisseurs, and food choices about including meat or following a vegan diet. Due to this reason, the demand for a wide portfolio of flavors is increasing for various categories of food & beverages. To match this consumer demand, food manufacturers are constantly conducting R&D to achieve an innovative product portfolio.

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The rising health awareness among the global population has had a major influence on the demand for natural food ingredients. The global market is witnessing the development of a wide range of applications of functional food ingredients, such as fortifying food & beverage products.

The increase in the demand of plant based food products is driving the market. Especially after Covid-19 the decrease in the demand of meat, seafood and poultry has increased the demand of plant based flavors.

Dairy Ingredients Market: Business Opportunities and Global Industry Analysis

The report "Dairy Ingredients Market by Type (Proteins, Milk Powder, Milk Fat Concentrate, Lactose & Its Derivatives), Application (Infant Formulas, Sports Nutrition, Dairy Products), Livestock, Form, and Region - Global Forecast to 2025", published by MarketsandMarket, The global dairy ingredients market is estimated to be valued at USD 53.8 billion in 2019 and is projected to reach a value of USD 81.4 billion by 2025, growing at a CAGR of 7.1% during the forecast period. Rise in consumption of ready-to-eat and functional foods, complemented by the versatile application of dairy ingredients, and increased consumer awareness on healthy eating among consumers, have been driving the global dairy ingredients market.

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The milk powder segment is estimated to witness the largest growth in the dairy ingredients market, in terms of value, in 2019

The rise in health awareness among consumers has resulted in the high demand for low-fat and healthy food and beverage options. Milk powder, being one of the main ingredients in such food recipes, translates a high growth potential for the dairy ingredients market. Dairy ingredients, as a substitute to milk, provide richness to food products and has a longer shelf life than milk. Thus, food manufacturers prefer dairy ingredients over conventional dairy products.

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228 - Pages

The dry form segment is estimated to account for a larger market share among the different forms of the dairy ingredients, in terms of value, in 2019

The dry form of all types of dairy ingredients is preferred by food manufacturers, owing to the ease in transportation in comparison to the liquid form. Even the cold storage cost for the dry form is lesser, which further reduces the final cost of the product. Dried format of dairy ingredients also has a longer shelf life and is easy to handle, thereby increasing the demand for dry ingredients among the manufacturers.

The market for cows, by livestock, is estimated to account for the largest market share, in 2019

Cows are the preferred livestock as compared to all other cattle, due to the manufacturing of milk in most of the regions. This is majorly owing to its low purchase and maintenance costs. The yield of milk is higher in cows as compared to other cattle. Also, animals, such as camels and goats, have high maintenance and produce lesser yield.

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The demand for functional foods has created opportunities for dairy ingredient manufacturers in the emerging markets

The Asia Pacific region is the dominant market for dairy ingredients and is expected to experience the fastest growth among all the regions. Rise in health awareness has pushed the market for functional and fortified foods, which is creating the demand for dairy ingredients. Manufacturers have been using dairy ingredients since they are known to have versatile functional and nutritional properties such as providing richness, texture, flavor, and color to food products. Ingredients, such as milk powder, are being used in infant formulas and sports drinks. As the millennial population in the region is large, the demands for such food and beverages is high.

This report includes a study on the marketing and development strategies, along with the product portfolios of the leading companies operating in the dairy ingredients market. It includes the profiles of leading companies such as FrieslandCampina (The Netherlands), Groupe Lactalis (France), Arla Foods (Denmark), Saputo (Canada), Fonterra Co-operative Group (New Zealand), Dairy Farmers of America (US), Kerry Group (Ireland), Ornua (Ireland), AMCO Proteins (US), Prolactal (Austria), Valio (Finland), Glanbia (Ireland), Hoogwegt Group (The Netherlands), Batory Foods (USA), Ingredia SA (France), Agropur (Canada), and Euroserum (France).

Sustainable Growth Opportunities in the Agricultural Chelates Market

The report "Agricultural Chelates Market by Type (EDTA, EDDHA, DTPA, IDHA), Application (Soil, Seed Dressing, Foliar Sprays, Fertigation), Micronutrient Type (Iron, Manganese), Crop Type, End Use, and Region – Global Forecast to 2025", published by MarketsandMarkets, The global agricultural chelates market size is estimated to be valued at USD 0.9 billion in 2019 and is projected to reach a value of USD 1.5 billion by 2025, recording a CAGR of 7.7% during the forecast period. Factors such as the increasing demand for high-value crops and the increasing number of acquisitions undertaken by companies to cater to the requirements of crop-specific micronutrients based on the soil type and climatic conditions are projected to drive the growth of the market.

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The EDTA segment, on the basis of type, is estimated to grow at the highest rate during the forecast period

Key players in the market are focusing on introducing agricultural chelates to cater to the requirements in the plant micronutrients market. There is a high scope for chelate manufacturers in the market, as there is a high demand for remunerative crops and low arable land, which has led to the expansion of the agricultural chelates market. Of all types of chelating agents, EDTA is the most common synthetic chelating agent and is used for both soil and foliar-applied nutrients. It can be chelated with many micronutrients for better absorption by the plants. Many companies are focusing on offering agricultural solutions with crop-specific chelates.

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105 - Tables
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182 - Pages

The foliar spray segment, by mode of application, is estimated to account for the largest share in the agricultural chelates market, in terms of value, in 2019

Foliar spray is one of the efficient methods used to increase crop yield. It is reported that foliar application evenly spreads on the surface and has minimum dosage requirement, high absorption, low nutrient loses, and offers increased crop yield as compared to conventional fertilizers. It is mainly used on high-value crops, such as cotton, corn, soybean, and fruits and vegetables, which have proven to show an increase in the uptake of nutrients in the plant.

The fruits & vegetables segment, on the basis of crop type, is estimated to account for the largest market share, by value, in 2019

Fruits & vegetables accounted for the largest share in the agricultural chelates market in 2019. There has been a surge in demand for high-value crops, as it offers more profit margins. Many consumers prefer shifting to a health-enriching diet, which has increased the scope of growth for manufacturers in the agricultural chelates market. Many Asian Pacific countries, such as India, Australia, and China, are the key exporters of fruits and vegetables across the globe and are adopting agricultural chelates to enhance the yield for improved export quality cater to the demand in the food processing industry.

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

The majority of the companies are investing in the agricultural chelates market due to the rapid urbanization and demand for high-value cash crops in Asia Pacific. The innovative solutions are being adopted by farmers to sustain agriculture and have created growth opportunities for manufacturers in the agricultural chelates market in these regions. In addition, an increase in the cultivation area equipped with irrigation, precision irrigation technologies, and the growing advancements in farming techniques are factors that are projected to increase the demand for micronutrients, encouraging the growth of the agricultural chelates market.

This report includes a study on the marketing and development strategies and on the product portfolios of leading companies operating in the agricultural chelates market. It consists of profiles of leading companies, such as BASF SE (Germany), Nouryon (Netherlands), The Dow Chemical Company (US), Yara International (Norway), ICL (Israel), Haifa Chemicals Ltd (Israel), Syngenta (US), Nufarm Ltd (Australia), Aries Agro Ltd (India), The Andersons, Inc. (US), ATP nutrition (Canada), Manvert (Spain), BMS-Micronutrients NV (Belgium), Wilbur-Ellis company (US), Compo Expert GMBH (Germany), Greensmiths, Inc. (US), Agmin Chelates Pty. Ltd (Australia), Van Iperen International (Netherlands), Valagro SpA (Italy), Shandong Iro Chelating Chemical Co., Ltd. (China), Protex International SA (France), and Deretil Agronutritional (Spain).