Market Leaders in Collagen Peptides Market

The global collagen peptides market size is estimated to be valued at USD 599 million in 2020 and projected to reach USD 795 million by 2025, recording a CAGR of 5.8% during the forecast period. The demand for collagen peptides is increasing significantly, as they are used across various industries. Biotechnological advancement has found its medical applications.

Key players in the collagen peptides market include Tessenderlo Group (Belgium), Gelita AG (Germany), Holista CollTech (Australia), Darling Ingredients (Texas), Nitta Gelatin (Japan), Weishardt (France), Gelnex (Brazil), Collagen Solutions (UK), Amicogen Inc. (South Korea), and Nippi Inc. (Japan), Lapi Gelatine (Italy), Ewald-Gelatine (Germany), Crescent Biotech (India), Foodmate Co. Ltd. (China), Suboneyo Chemicals Pharmaceuticals Pvt. Ltd. (India), BioCell Technology (US), Kayos (India), Aspen Naturals (US), Vital Proteins (US), and Chaitanya Chemicals (India).

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Tessenderlo Group was initially established as a chemical company. With time, the company has evolved into a diversified industrial group. The activities of the group can be divided into four operating segments, namely Agro, Bio-valorization, Industrial Solutions, and T-Power. The Tessenderlo Group serves its customers in the agriculture, food, industry, construction and health, and consumer good end markets. It offers collagen peptide products under its bio-valorization segment under PB Leiner. Currently, it operates in regions such as North America, South America, Asia Pacific, and Europe. The company has been introducing new products for making its product portfolio diverse. For instance, in April 2019, PB Leiner, a business segment of Tessenderlo Group, announced the launch of new collagen product concepts at Vitafoods 2019. The company has also spread awareness about the benefits of collagen peptides in nutritional products, which will help them to increase the demand for the product.

Darling Ingredients is in the business of creating sustainable food, feed, and fuel ingredient solutions. The company processes its meat by-products obtained from animal-based diets, into essential bio-nutrients, fats, oils, proteins, meals, and more. Darling Ingredients offers collagen peptide product range through its brands, Rousselot and Peptan. These collagen peptide products are used for various applications such as food, nutraceutical, pharmaceuticals, and nutricosmetics. The company has its processing plants across five continents. Darling Ingredients has been focused on expanding its business by coming into strategic agreements and partnerships. For example, in October 2019, Rousselot, a brand owned by Darling Ingredients, renewed its 5-year Global Strategic Agreement with By-Health (China). By-Health is a known brand in China’s dietary supplements market. The deal relates to Rousselot’s supply of gelatine and collagen peptides for China’s nutraceutical market. This agreement will also enable both the companies to strengthen their cooperation for ingredient R&D, production, regulations, and clinical studies.

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The Demand For Feed Binders In The Feed Processing Industry To Drive The Growth Of The Feed Binders Market

The global feed binders market is estimated to account for a value of USD 4.5billion in 2020 and is projected to grow at a CAGR 3.0% from 2020, to reach a value of USD 5.1billion by 2025. The feed binders market is projected to witness significant growth due to the increasing need for improving the quality of feed provided to the livestock. Innovative techniques are being developed to manufacture different feed binder products to capture the untapped potential of the market. The need to increase food production for domestic consumption, as well as for exporting among developing countries,have led to an increase in demand for agricultural inputs and feed rations. The increasing trend of meat consumption in the AsiaPacific region has further led to a rise in the production of compound feed, which has further driven the demand for feed binders.

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By type, the feed binders market is segmented intoclay, plant gums & starches, lignosulphonates, hemi-cellulose, CMC & other hydrocolloids, gelatin, molasses, wheat gluten & middlings, and others (PMC and urea formaldehyde). The lignosulfonatessegment accounted for the largest share. Lignosulfonates has binding and lubricating properties andeffectively absorbs water, which helps in reducing wet droppingsand is considered an environment-friendly additive.Thus, itis witnessing considerable demand over the past few years among the end-user industries.

Based on livestock, the feed binders market is segmented into poultry, ruminants, swine, and others (aquatic animals, equine, and pets). Poultry birds are majorly consumed for meat and eggs. In the feed binders market, the poultry and cattle segment dominated the market share in 2020, due to its organized sector growth.

Some of the major players in the feed binder marketareArcher Daniels Midland Company (US), DuPont (US), FMC Corporation (US), Darling Ingredients Inc. (US), Roquette Freres (France), Borregaard ASA (Norway), Gelita AG (Germany), Emsland Starke GmbH (Germany),CP Kelco Inc. (US), and Avebe U.A. (Netherlands).Expansions & investments, mergers & acquisitions, and agreements were some of the core strengths of the leading players in the feed binders market. These strategies were adopted by the key players to enhance their market presence. It also helped them diversify their businesses geographically, strengthen their distribution networks, and expand their product portfolios.

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Growth In The Demand For Bioethanol In The Global Industrial Alcohol Market Environmental Concerns Related To The Use Of Chemicals And Fertilizers To Boost The Demand For Industrial Alcohol

Environmental concerns related to the use of fossil fuels leading to greenhouse gas emissions drive the usage of ethyl alcohol as a blend in transportation fuel. Sugarcan Sugarcane & bagasse, corn and other grains are used as a major source of industrial alcohol manufacturing. However, the use of fossil fuel is increasing for production of industrial alcohol. There is a major contribution for corn production is done by North Amrerica and South America where countries like the US produce and export corn for the production of industrial alcohol. 

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Based on type,the ethyl alcohol industrial alcohol segment accounts for the largest share in the industrial alcohol market in 2019. Sales of ethyl alcohol is on a rise due to the wide applications of food grade and fuel grade ethyl alcohol.  There is a rise in fuel grade lethyl alcohol used as a blend in transportation fuel across various geographies such as Brazil, US, India and Argentina. Urbanization has also increased the sales of food grade lethyl alcohol used in alcoholic beverages. 

Based on application, the fuel segment accounted for the largest share in the industrial alcohol market in 2019.Fuel is the major segment contributing to the markets of all the regions across the globe. In 2018, the US consumed around 54.43 billion litres of ethanol, which accounted for almost 10% of the total motor oil consumed by the country. Automobile manufacturers are continuously developing flex-fuel cars and hybrid cars to enable car owners to use higher blends of ethanol, such as E85 and E100.

Based on source,the fossil fuel segment accounts for the largest share in the industrial alcohol market in 2019.Coal, natural gas, petroleum, and petroleum products are the fossil fuels used for the production industrial alcohol. Apart from ethyl alcohol, other types of alcohol produced by fractionating petroleum are methyl alcohol, isopropyl alcohol, and isobutyl alcohol, which find applications in varied industries. Petroleum-based alcohol manufacturing is cost-effective and is produced in a single-step manufacturing process. A rise in the consumption of petroleum-based alcohols is expected due to its increasing demand in industrial & chemical applications such as paints, solvents, varnishes, detergents, and cosmetics. The Sugarcane & bagasse segment also holds a strong contribution to the industrial alcohol market by source. 

However, grains and corn segment is also rising due to use of such sources across various geographies. Cereals and grains include wheat, corn, barley, and rice crops. Countries such as Brazil and the US are projected to be the key revenue generators for cereals, as they are ranked among the largest producers and exporters of corn at a global level.With respect to wheat, sorghum, and other ethyl alcohol grains, the Asia Pacific region, especially China and India, is the major producer of grains; hence, Asia Pacific is seen to occupy the major share of the market.

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North America was the largest market for industrial alcoholin 2019, followed by Europe. The growth of the market in the region is backed by the US, which is among the largest producers of corn at a global level. Due to these factors, the demand for industrial alcohol remain high in this region.

Inoculantmanufacturers are focusing on expanding their consumer base in the market. Leading players operating in the industrial alcoholmarket includeCargill (US), Raizen Energia (Brazil), Green Plains Inc (US), Cristalco (France) and MGP Ingredients (US). Other players include, The Andersons Inc (US), Sigma-Aldrich (US), Grain processing Corporation (U.S.US), Greenfield Global Inc. Specialty Alcohols (Canada), and Flint Hills Resources (US)., Royal Dutch Shell Plc (Netherlands), Exxon Mobil Corporation (US), Eastman Chemical Company (US), Dow Chemical Company (US), LyondellBasell Industries (Netherlands), Linde plc (Ireland), EcoLab (US), Univar Solutions (US), Archer Daniels Midland (ADM) (US), and Wilmar International (Singapore).

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, in 2019

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, in 2019

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).

Increase In The Demand Of Alcohol And Carbonated Soft Drinks Industry Are Going To Drive The Shrink Plastic Film Market For Beverage Multipacks

According to MarketsandMarkets, the global shrink plastic film market size for beverage multipacks is estimated to be valued at USD 2.5 billion in 2020 and projected to reach USD 3.0 billion by 2025, recording a CAGR of 3.5% 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 shrink plastic film 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 shrink plastic film market for beverage multipacksfor beverage multipacks during the forecast period.

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Shrink plastic film is asecondary packaging used by the manufacture to protect the product and keep it hygienic. Shrink plastic films have numerous applications in the food & beverage industry. They are used in a wide range of products such as beverages, frozen food, and dairy products. The industry has witnessed consistent growth in the past few years.

In North America, the US dominated the shrink plastic film market for beverage multipacksdue to the high production and demand of processed beverages. Europe is projected to dominate the global shrink plastic film market for beverage multipacks, which is primarily driven by the rising demand for safe and cost-effective secondary packaging options for packaged and processed beverages. The shrink plastic films industry functions with legislators and regulators to deliver qualitative products to its end users. In the major markets, shrink packaging also serves as a cost-effective method of marketing and brand placement. Attractive shrink packaging and labels are used by the manufacturers to print the brand logo and other marketing & useful information

Water is the dominating application segment of shrink plastic film market for beverage multipacks due to its versatile usage among many industries. It is high in demand in both developed and developing economies. It finds various applications in restaurants, hotels, schools, malls, theatres, and domestic applications.

Asia Pacific is projected to witness the fastest growth in the shrink plastic film market for beverage multipacks during the forecast period due to the increase in the production and supply of packaged beverages, while Europe is the dominant marketdue to the rise in the demand forpackaged water and other beverages.

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The bottle segment is the dominant container type segment for the shrink plastic film market for beverage multipacks.The increase in the demand for packaged water has vis-à-vis increased the need for the bottles, as well. Apart from water, juices, dairy products,and various other beverages are also present in the market in bottled form. Therefore the demand for shrink plastic film for bottles has been increased.

The unprinted type of shrink plastic  film is popular among manufacturers. The unprinted shrink packaging is economical as compared to the printed one. Therefore, the SMEs mostly use unprinted one as it is cost-effective.

Top Driving Factors of Hydrocolloids Market

The growth of the hydrocolloids market is driven by factors such as the expansion of the processed food industry due to the increasing demand for convenience foods in regions such as the Asia Pacific, South America, and the Middle East & African. Apart from this, manufacturers are engaged in R&D to offer high-quality hydrocolloids due to its multi-functionality in the food industry. The global hydrocolloids market was valued at USD 9.7 billion in 2020 and is projected to reach USD 12.6 billion by 2025, at a CAGR of 5.3%.

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On the basis of by type, guar gum is projected to be the fastest growing segment in the hydrocolloids market. Derived from the guar plant, it finds applications in the food, pharmaceutical, and cosmetics industries. In the food industry, it is used as a thickening and binding agent. It is used in a wide variety of food products such as ice cream, baked goods, cheese, soups, gravies, noodles, and meat. In addition, it is used in cosmetics products such as lotions, creams, and shampoos. In the pharmaceutical industry, it is used as a binder in tablets. Expansion of the food processing industry in the developing countries is projected to boost the sales of guar gum in the coming years.

On the basis ofsource, the botanical segment is projected to be one of the fastest growing segments for the hydrocolloids market due to the increased demand for natural products and ingredients. Some of the popular hydrocolloids of botanical origin used by manufacturers of the food & beverage industry include gum arabic, gum tragacanth, gum karaya, and gum ghatti.

On the basis of function, the stabilizers segment is considered to be one of the fastest-growing segment in the hydrocolloids market. Hydrocolloids used as stabilizers include locust bean gum, guar gum, carboxymethyl cellulose (CMC), xanthan gum, alginate, and carrageenan. The increasing demand for convenience foods in emerging countries is projected to drive the demand for hydrocolloids in the coming years.

North America is the fastest-growing market for hydrocolloids and is projected to record the highest CAGR during the forecast period. The North American market is completely driven by the US, which accounted for nearly 84.0% of the market share in 2019. The US has a large market for bakery, confectionery, convenience food, and packaged food products; hence, it constitutes a major share in the market. Consumers in the US are calorie-conscious, due to which low-calorie and low-fat foods are popular in the country. The increasing prevalence of obesity and cardiac diseases have led to an increasing demand for natural and low-calorie food products among consumers. Food manufacturers are therefore concentrating on the application of natural hydrocolloids and their functions as fat replacers.

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The hydrocolloids market is a developing one;they are widely used in applications such as bakery, confectionery, meat & poultry, beverages, dairy & frozen products, and others such as baby food and prepared food. The growth of the hydrocolloids market is driven by the rising demand for healthier and natural food ingredients from the food industry.

Growth In Demand For Functional Food Is Projected To Drive The Growth Of The Dietary Fibers Market

 “The dietary fibers market is projected to grow at a CAGR of 12.5% during the forecast period.”

According to MarketsandMarkets, the dietary fibers market is estimated to be valued at USD 5.3 billion in 2020 and is projected to reach USD 9.6 billion by 2025, recording a CAGR of 12.5% in terms of value. Factors such as the growing environmental concerns &rise in demand for dietary supplements are projected to drive the growth of the dietary fibers market during the forecast period. However, the growth of the dietary fibers market is inhibited by factors, such as high adaption costs involved for small &medium-sized enterprises. In addition, the stringent regulatory framework for the use of dietary fibers inhibits the growth of this market.

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“By type, the soluble fibers segment is projected to grow at the higher CAGR during the forecast period.”

The soluble type of dietary fibers is projected to grow at a CAGR of 13.0% in terms of value. Food scientists and manufacturers are looking for new and innovative applications of dietary fiber in various segments. Water-soluble dietary fiber is one of the crucial types of dietary fiber. It consists of inulin, pectin, polydextrose, beta-glucan, fructooligosaccharides, galactooligosaccharides, and corn fiber. It delays gastric emptying and regulates blood sugar level; it lowers the cholesterol level as well.

“By application, the functional food &beverages segment is estimated to account for the largest share.”

Based on applications, the dietary fiber ingredients are continuously improved to provide an enhanced taste and texture to the recipes that are further modified to blend easily with the different functional foods. Therefore, dietary fibers can attribute to various functional properties added to the food. Also, the incorporation of dietary fiber adds to the shelf-life of the product, along with the improvement of the textural and sensory characteristics, owing to their water-binding capacity, gel-forming ability, fat mimetic, anti-sticking, anti-clumping, texturizing, and thickening effects. 

“By region, the Asia Pacific region is projected to grow at the highest CAGR during the forecast period.”

Asia Pacific is projected to be the fastest-growing dietary fibers market and is projected to grow at a CAGR of 13.3%. Dietary fibers are the part of the plant which, when consumed, remains indigestible by the gastrointestinal enzymes. It is beneficial for the digestive health; the regular use of dietary fibers either in raw form through fruits, vegetables, and grains or through supplements seems to reduce and prevent health problems such as constipation, high cholesterol and blood sugar levels, and various other cardiovascular diseases.

The young population in the Asia Pacific region is keen on experimenting with the new products, while also being more health-conscious. With the rise in the per capita income and lower availability of time to prepare meals, consumers are looking for options that are ready-to-eat and healthy as well.

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Research Coverage

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

Market Leaders in Food Emulsifiers Market

The rise in the consumption of processed foods globally and the increasing prices of raw materials used for emulsifiers are the factors driving the food emulsifiers market. The food emulsifiers market is projected to reach USD 4.0billion by 2025, from USD 3.2billion in 2020, at a CAGR of 4.7%. On the basis of type, the lecithin segment in the food emulsifiers market is projected to grow at the highest rate from 2020 to 2025. This growth is attributed to the gradual shift towards decreasing the chemical content in processed foods by manufacturers due to the rising consumer awareness. Even though other types of emulsifiers are mostly naturally sourced, they tend to undergo further chemical treatment processing unlike lecithin, which does not require much processing. This is why it is perceived to be more natural than its other counterparts. These factors are responsible for the growing use of lecithin in various food applications, which include confectionery and convenience foods among others.

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On the basis of source, the plant segment is projected to witness faster growth during the forecast period. The high growth is attributed to the fact that plant-based emulsifiers are less harmful and more stable than animal-based emulsifiers. Also, the preference for plant-based emulsifiers is observed to be more than animal-based emulsifiers among food industry manufacturers.

Asia Pacific is projected to be the fastest-growing region in the food emulsifiers market from 2020 to 2025. The market here is majorly driven by the changing food consumption patterns in the region, owing to the rising income, especially in South Asian countries. Further growth can be attributed to the increasing urbanization in the region, which has resulted in an increasing demand for food security and quality food. Top companies are also investing largely in this region, in terms of expansion. Archer Daniel Midlands (US) opened a technical innovation center in Shanghai, China, to support the development of innovative, on-trend, and nutritious products to meet the growing food & beverage demand in Asia Pacific.

The food emulsifiers market is a developing one; it finds its applications in a number of food products, increasingly finding favorability amongst food & beverage product manufacturers, whereby these additives could be used to maintain better product structure integrity and a longer shelf-life. Manufacturers could successfully use different emulsifiers to create products having consistent structure and texture, which could further help to improve their product offerings and market preferability. To produce food in greater quantities, the requirement for food additives such as food emulsifiers will automatically increase. According to the International Association of Agricultural Economist, the demand for food is projected to grow from 59% to 98% by 2050. Also, there has been an increase in the demand for quality food, without compromising on the quantity across the globe. Food manufacturers are using food emulsifiers as economical additives to produce quality products, which, in turn, drives the market growth.

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Innovative Developments And Research In The Food Processing Industry Is Going To Drive The Bakery Processing Equipment Market

According to MarketsandMarkets, the global bakery processing equipment market size is estimated to be valued at USD 8.9 billion in 2020 and is projected to reach USD 11.4 billion by 2025, recording a CAGR of 5.0% in terms of value. Emerging markets in upcoming economies such as Asia Pacific and South American countries is going to be a potential market for the bakery processing equipment manufacturers. Factors such as the increasing number of artisan bakeries and quick service restaurants (QSRs) and upgradation of technology in bakery are projected to drive the growth of the bakery processing equipment market during the forecast period.

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Based on end user, the market segmentation includes bakery processing industry and foodservice industry. The foodservice industry segment is projected to witness the fastest growth from 2020 to 2025. The foodservice industry consists of various service chains such as restaurants, QSRs (quick service restaurants), hotels, bakery café chains, and food & beverage chains. Of these, QSRs or fast food restaurants are dominating the food service segment in the bakery processing equipment market due to the high contribution of QSR chains such as McDonald’s, Starbucks, Subway, Burger King, Wendy’s, Taco Bell, Dunkin Donuts, Pizza Hut, KFC, and Domino’s. The food service industry uses frozen bakery food items on a regular basis to save time in cooking, which thus, reduces the time taken by the food item to reach the customer’s table. Frozen bakery food offers both quality and taste, which is the same as traditional baked food items; thus, it fulfills customer expectations. The global foodservice industry is growing at a faster pace due to the high demand for fast food, the increase in the population of working women, rise in disposable income levels, and the growing number of food delivery channels.

The bakery processing equipment market in the Asia Pacific is projected to witness the highest growth between 2020 and 202. The industrial growth in the region over the years, followed by improvements in the bakery industry, has created new opportunities for the bakery processing equipment market. The growing middle-class population in the region, increasing disposable income among customers, and demand for bakery items that offer on-the-go consumption are driving the growth of the bakery processing equipment market. The per capita consumption of bakery processing equipment in the Asia Pacific region is increasing due to emerging economies such as China, India, and Indonesia. A large number of bakery companies have expanded their manufacturing facilities in these countries, which has also driven the market for bakery processing equipment. For instance, in February 2019, The Haas Group (Austria), which was acquired by Bühler, expanded in India by adding an oven manufacturing plant to its service and support facility in the country. In addition, in November 2016, Reading Bakery Systems (Markel Food Group) continued its expansion across the Chinese and South-East Asian markets due to the increasing demand for bakery products from the customers in the region, along with providing a platform for developing baked snack systems.

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North America: The Us Is One Of The Largest Markets For Biofungicides

The biofungicides market isprojected to grow at a CAGR of16.1% from 2020 to 2025.The global biofungicides market size is estimated to account for USD 1.6billion in 2020 and is projected to grow at a CAGR 16.1%, to reach a value of USD 3.4billion by 2025. The increase in preference for organic farming practices and the rise in the adoption of integrated pest management practices are factors driving the growth of the market. The increasing awareness among farmers about the negative effects of synthetic plant protection products and the cost-effectiveness of biofungicides are also encouraging the adoption of these products across the globe.

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The microbial species segment, by type, is projected to be the fastest-growing in the biofungicides market during the forecast period 


The increasing importance of sustainable agriculture and awareness among farmers about the toxicity of chemical fungicides and its harmful effects on the environment are some of the factors, due to which microbial biofungicides are becoming popular. The actions of microbial biofungicides are specific to target pests and do not harm beneficial microorganisms, which promotes the growth of the plant.

By crop type, the fruit & vegetables segment is projected to be the fastest-growing in the biofungicides market during the forecast period
Increasing demand for organic fruits and vegetables hasresulted in higher use of biofungicides in this segment. Biofungicides not only help in protecting the crops during the growing season but also show the extended activity of protection during post-harvest storage and transport.

 By mode of application, the soil treatment is projected to dominate the biofungicidesmarket during the forecast period


One of the major advantages of using biofungicides as soil treatment is they ensure healthy seed germination by removing pathogenic fungal spores and mycelium that might be present in the soil. Increasing instances of the soil-borne fungal pathogen have led to a risein demand for soil treatment 


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Research Coverage
This report segmentsthebiofungicides marketonthe basis of type, form, species, crop type, mode of application,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 of the biofungicidesmarket,the high-growth regions, countries, government initiatives, market disruption, drivers, restraints, opportunities, and challenges.