Plant Extracts Market worth $59.4 billion by 2025

The report Plant Extracts Market by Type (Phytomedicines & Herbal Extracts, Essential Oils, Spices, Flavors & Fragrances), Application (Pharmaceuticals & Dietary Supplements, Food & Beverages, Cosmetics), Source, and Region – Global Forecast to 2025″ According to MarketsandMarkets, the plant extracts market is estimated to be valued at USD 23.7 billion in 2019 and is projected to reach USD 59.4 billion by 2025, at a CAGR of 16.5% from 2019 to 2025. The increase in prevalence of chronic disease skin cancer, rapidly growing demand for herbal medicines and plant extracts based functional food and food additives, rise in trade of plant extracts are some factors driving the growth in the plant extracts market.

The phytomedicines & herbal extracts segment is estimated to account for the largest share, in terms of value, by type

Based on type, the plant extracts market is segmented into phytomedicines & herbal extracts, essential oils, spices, and flavors & fragrances. The phytomedicines & herbal extracts segment is estimated to account for the largest market share in 2019, owing to the increasing preference for herbal medicines and other herbal products in developed and developing regions.

Antimicrobial properties of plant extracts, particularly for the treatment of age-related disorders such as immune disorders, memory loss, and osteoporosis is attributed to the growth of the segment. Also, the increasing introduction of regulatory standards regarding the use of plant extracts as phytomedicine is projected to offer lucrative growth opportunities for the growth of the phytomedicines & herbal extracts segment, which in turn, is expected to drive the plant extracts market during the forecast period.

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The pharmaceuticals & dietary supplements segment is expected to witness the fastest growth in the plant extracts market during the forecast period

By application, the plant extracts market is segmented into pharmaceuticals & dietary supplements, food & beverages, cosmetics, and others. Middle-class consumers in the Asia Pacific are showing a positive interest in nutrition and supplements due to urbanization and increasing income levels. Further, the growing adverse effects of synthetic products and allopathic medicines have significantly raised the demand for Ayurvedic and homeopathic medicines in this region. This has led to an increase in the market for phytomedicines & herbal extracts.

The Asia Pacific region is estimated to dominate the plant extracts market, in terms of value

The market for plant extracts in the geography is thriving due to strong local and international demand. These extracts are relevant as food preservatives and shelf-life extension ingredients owing to the regions’ tropical climate, which is conducive for the growth of plant extracts. Moreover, the region has several small and medium-sized manufacturers of plant extracts, who are well-versed with the processing of plant extracts and aware of the benefits offered by them. Manufacturers in Indonesia, India, and Thailand are continuously investing in the market and focusing on innovation to expand their product range. This is due to the rise in the trade of plant extracts between Asia and international manufacturers of plant extract-based products.

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 Givaudan (Switzerland), Sensient Technologies (US), Symrise AG (Germany), Kangcare Bioindustry Co., Ltd. (China), PT. Indesso Aroma (Indonesia), PT. Haldin Pacific Semesta (Indonesia), Vidya Herbs Private Limited (India), Tokiwa Phytochemical Co., Ltd., Native Extracts Pty. Ltd. (Australia), Shaanxi Jiahe Phytochem Co., Ltd. (Jiaherb, Inc.) (China), Synthite Industries Private Ltd. (India), Döhler (Germany), International Flavors & Fragrances, Inc. (US), Martin Bauer GmbH & Co. KG (Germany), and Arjuna Natural Extracts Ltd. (India).

Novozymes (Denmark) and BASF (Germany) are the Key players in the Specialty Enzymes Market

The specialty enzymes market was 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% during the forecast period. The demand for enzymes is increasing significantly, as it is being used across various specialty applications and as a substitute for chemical catalysts.

Key players in this market include 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).

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Novozymes (Denmark) is a major bio-innovation company providing biological solutions, which involves the application of enzymes and microbes. The company offers various products, which cater to industries, such as household care, food & beverage, bioenergy, agriculture & feed, and technical & pharma. Novozymes has been introducing new products for making its product portfolio diverse. In addition, the company is focused on expanding its global presence to prosper in the global enzymes market. Currently, it has been catering to all the major regions, such as North America, Latin America, Asia Pacific, Europe, the Middle East, and Africa. It focuses on innovation activities to identify new opportunities in the specialty enzymes market. For instance, in May 2019, Novozymes became the first multinational company to partner with Alibaba’s 1688 platform in industrial biotechnology in China. This would boost the usage of enzymes among small & medium sized enterprises in China.

BASF (Germany) is a global chemical manufacturing company and specializes in catering to segments, such as chemicals, performance products, functional materials & solutions, agricultural solutions, and others. Along with this, the company has been investing mainly in biotechnology and large-scale production of enzymes. The strategies that are being adopted by BASF to be a market leader in the specialty enzymes market are collaborations and expansions. In addition, to make its product portfolio diverse, the company has been focusing on launching new products and expansions. BASF has three global research divisions, which are operated from Europe, Asia Pacific, and North America. For instance, BASF had set up its enzyme-based production plant for biocatalyzed acrylamide in Nanjing, China. This was the first biocatalyzed acrylamide (BioACM) plant in Asia Pacific. This would cater the demand for specialty enzymes in the Asia Pacific region.

Food Emulsifiers Market Size, Share, Growth, Industry Analysis Report

The report Food Emulsifiers Market by Type (Lecithin, Mono- & Di-Glycerides and Their Derivatives, Sorbitan Esters, Stearoyl Lactylates, Polyglycerol Esters), Source (Plant and Animal), Application, and Region – Global Forecast to 2023″ The food emulsifiers market is estimated to be valued at USD 2.9 billion in 2018 and is projected to reach USD 3.7 billion by 2023, at a CAGR of 5.1%. The market is driven by the rise in consumption of processed foods.

Market Dynamics

Drivers

  • Increase In The Consumption Of Convenience Foods And Premium Products
  • Growing Number Of End-Use Applications Due To Multifunctional Attributes Of Emulsifiers

Restraints

  • Limited Extraction And Additional Costs Associated With Emulsifiers Extracted From Natural Resources

Opportunities

  • Product Innovations Leading To Better Stabilization Properties And Lower Costs

Challenges

  • Health Problems Associated With The Consumption Of Emulsifiers

The plant segment is projected to dominate the market by 2023

The food emulsifiers market, by source, is projected to be dominated by the plant segment during the forecast period. The high growth is not only attributed to the stable and harmless nature of plant-based emulsifiers but also to the preference of the food industry manufacturers.

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

The Asia Pacific market is projected to grow at the highest CAGR from 2018 to 2023. The high growth is attributed to the changing food consumption patterns in the region, owing to the rising income and urbanization, especially in South Asian countries. Further growth can be attributed to the increasing urbanization in the region, resulting in the increasing demand for food security and quality food. Food manufacturers are expected to use food emulsifiers due to their multifunctional properties.

This report includes a study of the marketing and development strategies used, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as Archer Daniels Midland Company (US), DowDuPont (US), Cargill (US), Kerry Group Plc. (Ireland), and Ingredion Incorporated (US). Other players include Corbion N.V. (Netherlands), Lonza Group Ltd. (Switzerland), and Palsgaard A/S (Denmark). Furthermore, Riken Vitamin Co. Ltd. (Japan), Tate & Lyle (Ireland), and Beldem S.A. (Belgium) are the other players that hold a significant share in the food emulsifiers market.

Asia Pacific To Be The Fastest-Growing Market for Pea Starch Market from 2020 To 2025

The pea starch market is projected to grow from USD 136 million in 2020 to USD 192 million by 2025, recording a compound annual growth rate (CAGR) of 7.0% during the forecast period. The major factors driving the growth of the pea starch market include the rise in the consumption of clean label convenience products, the increase in demand for gluten-free products among consumers, and the growth of economies that enable high acceptance of these products.

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Drivers

  • Growth In Demand For Pea Starch From Various End-Use Industries
  • Increase In Demand For Gluten-Free Food Products
  • Cost-Effectiveness Of Manufacturing Pea Starch

Restraints

  • Effect Of Retrogradation On The Functional Properties Of Pea Starch
  • Decrease In The Production Of Dry Pea

Opportunities

  • Rising Demand From The Pet Food Industry

Challenges

  • International And Domestic Food Safety Standards
  • Threat Of Substitute Starches
  • Trade Barriers Due To Covid-19 Outbreak

The food segment is projected to account for the largest share in the pea starch market, followed by the feed segment during the forecast period.

Pea starch provides a gluten-free, allergen-free, low-calorie, low-fat solution to food manufacturers. It also helps in enhancing the texture, consistency, and quality of food products. Moreover, the trends of clean label and gluten-free products are increasing. These trends are projected to favor the growth of pea starch market.

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The Asia Pacific region is projected to be the fastest-growing market for pea starch during the forecast period.

The Asia Pacific region is projected to be the fastest-growing market for pea starch during the forecast period. Asia is among the largest pea processing regions in the world. The growing disposable incomes and appetites for convenience and comfort in a fast-paced, urbanized world have caused a serious growth in the consumption of processed food products. This will lead to the growth of the pea starch market in the region as pea starch helps in enhancing the quality of processed food products.

Key players in the global pea starch market include Emsland Group (Germany), Ingredion Incorporated (US), Cosucra Groupe Warconing (Belgium), Roquette Frères (France), Axiom Foods (US), and Yantai Shuangta Food (China). These players have broad industry coverage and high operational and financial strength.

Asia Pacific to be the Fastest-Growing Market for Pea Starch from 2020 to 2025

Growth in demand for gluten-free food products to drive the market growth for pea starch

The global pea starch market size is projected to grow from USD 136 million in 2020 to USD 192 million by 2025, recording a compound annual growth rate (CAGR) of 7.0% during the forecast period. The rising health consciousness and awareness among the consumers about the problems related to gluten are the main reasons for the growth in the demand for pea starch. As pea starch provides gluten-free solutions to food manufacturers with other nutritional benefits such as low-fat, low-calorie, lactose-free, and allergen-free solutions, the market for pea starch is expected to experience growth. Using gluten-free solutions in the production of bakery products helps in reducing the fat content and improving the cholesterol levels, along with boosting the metabolic rate and promoting healthy digestion. Gluten-free diets help in reducing the risk of digestive disorders, diabetes, and cardiovascular diseases. Owing to these benefits of a gluten-free diet, the pea starch market has a high potential for growth.

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The food & beverages segment is projected to dominate the market during the forecast period

Pea starch is majorly used in food & beverages, owing to its various functional benefits. It helps in improving the texture, consistency, and quality of food products. Pea starch provides low-fat, low-calorie, gluten-free, allergen-free, GMO-free solutions to food & beverage manufacturers. This helps manufacturers meeting the changing consumer demands of healthy and clean label products. This is the key factor driving the growth of the food & beverages segment in the pea starch market.

The organic segment is projected to grow at a higher growth rate during the forecast period

By source, the organic segment is projected to be the faster-growing segment. The changing preferences and rising awareness about the overall health of individuals have led to an increase in the number of people opting for organic products over the inorganic ones. The trend of using clean-label will further encourage the use of organic pea starch in the pea starch market.

The binding & thickening segment is projected to record the highest growth rate during the forecast period

On the basis of function, the binding & thickening segment is projected to account for the largest market share due to the excellent binding & thickening property and high amylose content of pea starch. Pea starch helps in enhancing the quality of the products. The increased demand for convenience food products and better-quality feed products is projected to contribute to the growth of this segment.

Asia Pacific is projected to account for the fastest growth in the pea starch market during the forecast period

The Asia Pacific region is projected to be the fastest-growing market during the forecast period. Pea starch helps provide clean labels for processed food product manufacturers, such as baked goods and meat products, owing to its organic origins. With the increase in consumption of processed food, the demand for pea starch is expected to grow, as is also used as a thickening agent in numerous agri-food applications, such as delicatessen, sauces, creams, meats, noodles, and pasta.

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Research Coverage

The study covers the pea starch marketacross segments. It aims at estimating the market size and its growth potential across different segments, such asapplication, grade, source,function,and region. The study also includes an in-depth competitive analysis of key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Asia Pacific To Record Significant Market Growth In The Nisin Market 2020–2025

The nisin market is projected to grow at a CAGR of4.5%

According to MarketsandMarkets, the global nisin market size is estimated to be valued at USD 443 million in 2020 and is projected to reach USD 553 million by 2025, recording a CAGR of 4.5%. Key factors, such as the increase in demand forclean label ingredient snacks and organic preservatives acrossregions, are projected to drive the growth of the nisin market during the forecast period.

By application,the dairy product segment accounted for the largest share

The dairy products segment is projected to dominate the application segment in the nisin market. For dairy products, such as cheese, nisin is the most preferred and effective preservative due to the heat treatment steps of pasteurization, which does not eliminate all the spores. In addition, milk is sensitive to thermal treatment. Therefore, manufacturers prefer investing in nisin to preserve dairy products.

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North America accounted for the largest share in the global nisin market due to the higher acceptability and growing awareness toward clean label products

The global nisin market is segmented region-wise, with a detailed analysis of each region. These regions include North America, Europe, Asia Pacific, and RoW. The nisin market in the North Americanregion is projected to be driven by the increase in consumer awareness toward organic and clean label ingredients. North America is a key manufacturer of the food & beverage industry.Moreover, North America is one of the leading consumers of dairy products, processed food, and canned food products. Nisin is one of the non-toxic preservative options, which  is gaining popularity among manufacturers.

Leading players profiled in this report include the following:

  • DSM (Netherlands)
  • Galactic (Belgium)
  • DuPont (US)
  • Siveele B.V. (Netherlands)
  • Zhejiang Silver-Elephant Bioengineering (China)
  • Shandong Freda Biotechnology (China)
  • Chihon Biotechnology (China)
  • Mayasan Biotech (Turkey)
  • Handary S.A.  (Belgium)
  • Cayman Chemicals (US)

Research Coverage

This report segmentsthenisin market, on the basis ofapplication and region. In terms of insights, this research report focuses on various levels of analyses—competitive landscape, end-use analysis, and company profiles—which together comprise and discuss the basic views on the emerging & high-growth segments inthe nisinmarket, high-growth regions, countries, industry trends, drivers, restraints, opportunities, and challenges.

Wilbur-Ellis (US) and Croda International (UK) are the Key Players in the Crop Oil Concentrates Market

The crop oil concentrates market is estimated to be valued at USD 199 million in 2019 and is projected to reach USD 254 million by 2025, recording a CAGR of 4.1% during the forecast period. The growth of the crop oil concentrates market is driven by factors such as the growing need to increase the efficiency of agrochemicals and increasing adoption of herbicide-tolerant crops.

Key players in the crop oil concentrates market include Croda International (UK), Wilbur-Ellis (US), Plant Health Technologies (J. R. Simplot) (US), CHS Inc. (US), Brandt Consolidated (US), BASF SE (Germany), and Winfield United (Land O’Lakes) (US).

Croda International (UK) is involved in manufacturing, distributing, and supplying specialty chemicals. It operates through four business segments, such as personal care, life sciences, performance technologies, and industrial chemicals. The life sciences business segment comprises two complementary businesses—healthcare and crop care. The crop care segment offers innovative ingredients and formulation expertise to agrochemical companies, enabling them to develop efficient, complex, and safe products that help farmers to increase the agricultural productivity of their farms. The company offers a broad range of adjuvants, including crop oil concentrates (COCs) through its crop care segment and invests increasingly in R&D functions to develop innovative adjuvant technologies.

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The company mainly focuses on various investments to strengthen its position in the crop oil concentrates market. For instance, in 2018, the company built a new warehouse in Yorkshire as well as opened its innovation and customer experience center in Brazil.

Wilbur-Ellis (US) is a key distributor of specialty chemicals and ingredients in the Asia Pacific region and offers its products through its Connell Brothers Division subsidiary. The company’s agribusiness division develops and supplies innovative products under three categories, namely, crop protection, nutrition, and seed technology; it also caters to customized solutions in all three categories as per the grower’s demands.

The company has a presence across the globe and operates in more than 216 offices across two continents, North America and Asia Pacific. Cavallo Ventures, the venture capital arm of Wilbur-Ellis promotes organic and inorganic growth strategies for the company to expand its product and research portfolio in feed, human nutrition, cosmetic ingredients, agrochemical active ingredients, water management & irrigation solutions, soil biology, and alternate items for chemicals.

Helena Agri-Enterprises, a subsidiary of Marubeni America Corporation (US), is a key agricultural and specialty formulator and distributor in the US. The company’s product portfolio includes crop protection products, fertilizers, specialty nutrients, and seed. It also provides various services, such as financial services, custom crop protection & fertilizer application services, AGRIntelligence program for decision making, and insurance services. The company has sales offices in 450 locations. Its operation is divided into four business units—eastern business unit, northern business unit, southern business unit, and eastern business unit.

Increasing Legalization in the Cultivation of Industrial Hemp Drives Industrial Hemp Market

The global industrial hemp market size is projected to grow from USD 4.6 billion in 2019 to USD 26.6 billion by 2025, recording a compound annual growth rate (CAGR) of 34.0% during the forecast period. Rising awareness among the consumers about the benefits of industrial hemp, increasing legalization to cultivate industrial hemp across different countries, and growing application scope of industrial hemp in diverse industries such as textile, pharmaceutical, food, beverages, personal care products, construction & material, furniture, and paper is driving the market for industrial hemp.

Key industrial hemp players include Hempco (Canada), Ecofibre (Australia), Hemp Inc. (US), GenCanna (US), HempFlax BV (Netherlands), Konoplex Group (Russia), Hemp Oil Canada (Canada), BAFA (Germany), Hemp Poland (Poland), Dun Agro (Netherlands), Colorado Hemp Works (US), Canah International (Romania), South Hemp Tecno (Italy), Plains Industrial Hemp Processing (Canada), and MH Medical Hemp (Germany). Agreements, joint ventures, and partnerships were the dominant strategies adopted by major players, followed by expansion. These strategies have helped them to increase their presence in different regions.

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Hempco, a subsidiary of Aurora Cannabis (Canada), is one of the leading manufacturers of cannabis products. Hempco is engaged in the processing of hemp-based products, such as hemp protein, hemp seed oil, and hemp fiber. It has developed a S.A.F.E soil program to provide chemical-free hemp crop and hemp-based products to consumers while achieving sustainable growth. The company strategies to capture the growing industrial hemp market all over the world. For instance, in March 2018, Hempco signed an agreement with Kane Veterinary Supplies, to supply its hemp-based animal supplements for pets and equine. This helped the company to capture the growing hemp-based animal health market in Canada.

Hemp Inc. (US) produces hemp-based products such as loss circulation material and absorbent used as a drilling fluid and to control oil spill, respectively. The company has nine divisions—the industrial hemp infrastructure, the hemp farming infrastructure, the hemp extraction infrastructure, the hemp educational infrastructure, accessories, products and services, research and development, industrial hemp investments and joint venture, and industrial hemp consulting. The company aims to provide hemp-based eco-friendly products to produce natural, sustainable products for worldwide markets, which can replace petroleum-based products. Through various joint ventures and agreements, the company strategies to expand its presence and product portfolio in the US. For instance, in January 2019, it formed a joint venture with Hemp Healthcare (US) to sell high-end CBD and hemp-based products.

Future Demand for Soil Enzymes Due to Soil Pollution Drives Market for Agricultural Enzymes

The agricultural enzymes market is projected to grow at a CAGR of 11.2% to reach USD 474.7 million by 2022 in terms of value. The agricultural enzymes market is growing rapidly owing to factors such as cost savings and increasing demand for biofertilizers. The trend towards sustainable industrial agriculture has created opportunities for agricultural enzyme manufacturers to generate significant revenues by developing enhanced and high-quality products for customers.

The cereals & grains segment, by crop type, is projected to dominate the agricultural enzymes market through 2022.

Cereals & grains are the staple diet in several developing countries, especially for the lower-income and rural population. Urbanization is one of the main factors affecting the demand for cereals & grains because of different lifestyles, calorie requirements, rise in income, and change in food requirements. Agricultural enzymes are used for most cereal crops to enhance the yield as they fertilize the soil and enhance plant growth. The global demand for agricultural enzymes is also expected to increase as cereals are grown in almost all countries.

Phosphatases segment dominated the agricultural enzymes market

The phosphatases segment accounted for the largest share in 2016. Phosphatases are a broad group of enzymes that are capable of catalyzing hydrolysis of esters and anhydrides of phosphoric acid and play a vital role in soil systems. It has the ability to solubilize soil mineral elements.

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Fertility segment accounted for the largest market share

The fertility products segment is projected to grow at the highest rate during the forecast period followed by growth enhancing products. Soil fertility products containing soil enzymes such as proteases, dehydrogenases, ureases, sulfatases, and amylases are important in catalyzing several vital reactions necessary for the life processes of micro-organisms in soils and the stabilization of soil structure.

Europe: Lucrative market for opportunities for the agricultural enzymes market

In 2016, North America accounted for the largest share of the global agricultural enzymes market. The market in Europe is also projected to grow at a significant CAGR during the forecast period. This region comprises countries such as France, Spain, Germany, Italy, the U.K., and Rest of Europe wherein the Spain is a key producer of various agricultural applications. This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as Novozymes A/S (Novozymes BioAg) (Denmark), Syngenta AG (Switzerland), E. I. du Pont de Nemours and Company (U.S.), Koninklijke DSM N.V. (Netherlands), BASF SE (Germany), and Bayer AG (Germany)

The Growth of the Bakery Industry to Drive Bakery Premixes Market Growth

The global bakery premixes market size is estimated to be valued at USD 298 million in 2019 and is projected to reach USD 413 million by 2025, recording a CAGR of 5.6% from 2019 to 2025. The increasing availability of multiple ingredients from a single source has enabled manufacturers to develop bakery products with value additions, such as ‘gluten-free’ and organic. In addition, the expansion of the bakery industry in regions, such as South America, the Middle East & Africa, and the Asia Pacific, is a key factor that is projected to drive the sales of bakery premixes in the coming years.

The complete mix segment is projected to witness the fastest growth during the forecast period.

Based on type, the bakery premixes market is segmented into complete mix, dough-base mix, and dough concentrates. The complete mix segment is projected to witness the fastest growth during the forecast period. Complete mix is a type of dry powder blend, in which only water is added by the end user. The complete mix is used for diverse applications, such as pizza, toast bread, and baguettes.

Complete mixes are used predominantly by consumers and foodservice operators, and it is generally more cost-effective for an industrial bakery to purchase bulk flour, in comparison to purchasing it as a component for premixes. Foodservice operators primarily use complete mixes as it is relatively cost-effective due to the availability of less-skilled labor needed to produce the end product. This is projected to drive the demand for bakery premixes during the forecast period. The food service industry is expanding both in developed and developing countries, which is creating lucrative opportunities for bakery premix manufacturers in the coming years.

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The bread products segment is projected to witness the fastest growth in the bakery premixes market during the forecast period.

By application, the bakery premixes market is segmented into bread products and bakery products. Bread mixes are primarily used by bakers to ensure the quality of products and minimize the cost of the final product. They help bakers to diversify their product portfolio by including different products, such as Italian panettone and French baguette. The bread mixes help in producing high-quality products with improved taste and texture at a competitive cost.

Among the bakery products, the pastries segment is projected to witness the highest growth over the forecast period, as they are convenient to use and provide moist texture and consistent flavor to the final products. These products are available in different flavors, such as chocolate, vanilla, and fruits, which are projected to drive the market growth over the forecast period.

Europe is estimated to dominate the bakery premixes market, in terms of value, in 2019.

Europe is projected to dominate the bakery premixes market due to the rise in the consumption of bakery products as a staple food product among consumers. The European bakery premix market is an established market, as key players have enhanced distribution channels, comply with regulations, develop innovative products, and align with consumer preferences.

Russia is projected to witness the highest growth in the European market during the forecast period. The demand for bread and bakery products in the country is projected to increase in the coming years, as consumers are adapting to the urbanized lifestyle, which drives the sales of convenience food products. The consumption of bread remains the highest in the county, and the demand seems to be increasing in the coming years, as manufacturers are focusing on launching bread products with value addition for health-conscious consumers.

This report includes a study on the marketing and development strategies, as well as product portfolios of the leading companies. It consists of profiles of leading companies, such as Oy Karl Fazer AB (Finland), Archer Daniels Midland Company (US), Puratos (Belgium), Corbion (Netherlands), Bakels Group (Switzerland), Nestle (Switzerland), Cargill (US), Nisshin Seifun Group Inc. (Japan), KCG Corporation, Swiss Bake Ingredients Pvt. Ltd. (Switzerland), Lesaffre (France), GK Ingredients (Malaysia), Premia Food Additives Pvt. Ltd. (India), Winner Group (Thailand), Midas Foods (US), Synova (Thailand), Heliofood (Malaysia), Watson Inc.(US), Limagrain (France), KCG Corporation (Thailand), Pondan (Indonesia), Trans Standard International (Malaysia), PT Sriboga Flour Mill (Indonesia), Winner Group (Thailand), Pt Gandum Mas Kencana (Indonesia), Heliofood (Malaysia) and Synova (Thailand), Dongguan Dongmei Foods Co. Ltd. (China), and GK Ingredients (Malaysia).