The global hydroponic systems market is estimated to be USD 9.5 billion in 2020 and is projected to reach USD 16.6 billion by 2025.

Hydroponics produce higher yields compared to traditional farming, allow the growth of a high density of plants in the same area, and have the ability to grow crops throughout the year. Smart greenhouses offer different types of covering materials such as glass or plastic roof, and frequently, glass or plastic walls. It is an emerging application with high-growth potential, which uses several technologies such as HVAC systems, LED grow lights, communication technology, irrigation systems, material handling, valves & pumps, and control systems. LED grow lights and HVAC are the major shareholders in the smart greenhouse market. The increasing population and demand for food in developing regions such as the Asia Pacific boost the growth of the smart greenhouse market. The requirement for fresh food in the Middle East creates an opportunity for urban farming in the region. The increasing trend of rooftop farming and the rising population are two major drivers for the market.

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By type, the liquid subtype is projected to account for the largest market share in the hydroponic systemsmarket during the forecast period.

Liquid systems are, by their nature, closed systems; the plant roots are exposed to the nutrient solution, without any type of growing medium, and the solution is recirculated and reused. Thus these systems are most preferred in the developed countries for crop production and have huge growth potential in the future. Moreover, systems such as DWC and NFT have been studied for application in hybrid farming, combining aquaculture with hydroponics.

By equipment, the LED Grow Lights subtype is projected to be the fastest growing segment in the hydroponic systemsmarket during the forecast period.

The light spectrum emitted by LED lights has proven to be effective in stimulating plant growth and is witnessing increased demand from hydroponic growers. Plants such as tomatoes, lettuce, spinach, kale, strawberries, peppers, beets, and other vegetables can be grown with LED grow lights. The increasing adoption and demand for LED grow lights have resulted in the ban of older and inefficient halogen units in the European Union from September 2018. These factors are further projected to drive the demand for LED grow lights.

By input, the nutrientssub-segment is projected to dominate the hydroponic inputsmarket during the forecast period.

Nutrients are used in both aggregate, and liquid hydroponic systems. There are different types of nutrients required for the formulation of nutrient solution. Nitrogen and potassium are the two most primary nutrients required for the healthy growth of plants, of which nitrogen requirement is higher by plants. In addition, increasing the focus of growers toward the cultivation of crops drives the market growth for potassium-based nutrients in hydroponics.

By crop type, the vegetables sub-segment is projected to dominate the hydroponic cropsmarket during the forecast period.

Vegetables that are grown using hydroponics are known to grow faster and stronger compared to traditional farming as the right nutrients are delivered directly to the plant’s roots. The requirements for growing vegetables indoors in a hydroponic unit can be met with the help of grow lights, air ventilation, and recirculation systems, along with the right nutrients for the water. Hydroponically grown plants are known to retain their full nutritive value and are equal or in certain cases superior to conventionally-grown vegetables. There rising demand for fresh vegetables both in developed and developing nations drives the vegetable segment in hydroponics market.

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Leading players profiled in this report

·         Signify Holdings (Netherlands)

·         Heliospectra AB (Sweden)

·         Scotts Miracle Gro (US)

·         Argus Control Systems (Canada)

·         Logiqs B.V (Netherlands)

·         Lumigrow (US)

·         Hydroponic System International (Spain)

Research Coverage

This report segmentsthehydroponics market onthe basis of type, equipment, inputs and crop types 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 hydroponics market,the high-growth regions, countries, government initiatives, market disruption, drivers, restraints, opportunities, and challenges.

The feed binders market isprojected to grow at a CAGR of3.0% from 2020 to 2025.

The global feed binders market size 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 demand for feed binders is rising due to the increasing meat consumption,  growing awareness toward animal health, and rising meat production. To maintain structural integrity and reduce the loss of feed ingredients, feed manufacturers use feed bindersto maintain the high-quality of the meat products.

The governments shut down borders and economies for restricting the spread of the coronavirus. This resulted in businesses observing major impacts on their international trades. Many markets are focusing on fulfilling their requirements for feed additives, and feed binders by domestic companies. This is, however, causing an imbalance between the demand and supply quantities. However, some regions are completely dependent on imports and are facing tough situations.

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The lignosulfonatessegment, on the basis of type,is projected to be the largest segment during the forecast period.

By type, the lignosulfonates segment is projected to hold the largest share in the feed binders market. Lignosulfonates are the most commonly used feed binder as they are highly cost-effective and are utilized across various types of feed. The relatively low toxicity of lignosulfonates makes them a preferred binder among feed manufacturers. They are used to improve the feed properties of pellets. They also have the properties of emulsification and dispersing due to which they have been gaining popularity in the production of compound feed. Thus, lignosulfonates is projected to witness significant demand over the years.

The poultry segmentto witness the fastest growth during the forecast period.

By livestock, the feed bindersmarket is segmented into poultry, ruminants, swine, and other livestock(aquatic animals, pet animals, and equines).The per capita consumption of poultry meat is significantly higher than that of beef and pork due to the increasedbreeding of poultry birds and rising prices of red meat products as compared to poultry. The poultry sector is witnessing a shift in focus toward high-quality compound feed products due to the development of organized farm sectors. This has led to the increased usage of binders by poultry feed manufacturers to ensure the supply of high-quality and value-added feed products.

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

Asia Pacific is the fastest-growing region in the feed binders market due to the presence of some of the primary compound feed, feed additives, and feed binder producers in the world, such as China and India. Most of the South East Asian countries also focus on the production of feed binders due to the growing livestock population. The increasing trend of meat consumption in the Asia Pacific region has also led to the rise in the production of feed binders.

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Leading players profiled in this report

• Archer Daniels Midland Company (ADM)
• Roquette Freres
• Darling Ingredients, Inc.
• Ingredion, Inc.
• Gelita AG
• Kemin Industries, Inc.
• DuPont
• Borregaard ASA
• M. Huber Corporation

Research Coverage

This report segmentsthefeed binders marketonthe basis type, livestock,source 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 feed bindersindustry,the high-growth regions, countries, government initiatives, market disruption, drivers, restraints, opportunities, and challenges.

Food diagnostics systems are designed to identify food contamination and quality parameters at various stages of a supply chain, such as storage, manufacturing, processing, and packaging. Food diagnostics include systems that detect the presence of contaminants and analyze the nutritional content of the food sample to help monitor the safety and quality of food samples. It also includes consumables such as reagents, disinfectants, and test accessories that are essential to perform food safety and quality tests and obtain accurate and specific results.

MarketsandMarkets expects the global food diagnostics market to grow from USD 13.5 billion in 2020 to USD 19.2billion by 2025, at a Compound Annual Growth Rate (CAGR) of 7.2% during the forecast period.The increasing consumer awareness regarding food safety and increasing number of global food recall cases are some of the key factors that are projected to drive the growth of the food diagnostics market. However, high cost of rapid technologies such as spectrometry-based is a major factor inhibiting the market growth. Technological innovations in testing are projected to create opportunities for growth of food diagnostics market.

Hybridization-based systems are projected to dominate the market during the forecast period. High analytical precision, user-friendly procedures, and accurate output in food diagnosis are the major factors driving the growth of hybridization-based systems.

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The outsourcing facility segment, by site is projected to dominate the market during the forecast period. Cost-control, trained staff and state-of-the-art technologies are some of the major factors contributing to the growth of this segment.

In terms of geographical coverage, the food diagnostics market has been segmented into six regions, namely, North America, Asia Pacific, Europe, South America, Africa and Middle East. Europe is projected to dominate the market during the forecast period. Stringent regulations for food safety and recent foodborne outbreaks such as listeriosis outbreak in 2019 are some of the key factors driving the food diagnostics market in Europe.

 The report “Infant Formula Ingredients Market by Ingredient Type (Carbohydrates, Oils & Fats, Proteins, Vitamins, Minerals, Prebiotics), Application (Growing-up Milk, Standard Infant Formula, Follow-on Formula, Specialty), Form, Source, Region-Global Forecast to 2025″, is estimated USD 16.7 billion in 2019 and is projected to reach USD 25.5 billion by 2025, driven by its increasing demand from the developing Asia Pacific region. Urbanization has enabled mothers in this region to join workforce post giving birth, creating demand for infant formula and thus driving the demand for infant formula ingredients. Additionally, some mothers unable to lactate; in such cases, infant formula is the most suited alternative available in the market. Several key food companies offer infant formula. Of these, Nestlé S.A. (Switzerland) stands among the most renowned. Apart from this, infant formula ingredients companies are involved in R&D, to come up with suitable ingredients as per the requirements of consumers.

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The prebiotics segment is projected to be the fastest-growing in the infant formula ingredients market during the forecast period.

Usage of prebiotic ingredients in infant nutrition aids infant to overcome infections by providing health benefits. These include resisting gastrointestinal problems, building immunity, supporting increased mineral absorption, and lowering the tendency to become obese. Prebiotic ingredients used in infant formula include fructooligosaccharides, galactooligosaccharides, lactulose, polydextrose, and inulin. Boost in sales for infant formulas in the years to come will directly increase demand for infant formula ingredients. Asia Pacific is likely to exhibit high growth opportunities for infant formula manufacturers in the future owing to the adaptation of a fast-paced urbanized lifestyle urging women to join workforce post-delivery.

The liquid & semi-liquid segment is projected to record the fastest growth during the forecast period.

Oils & fats are the most widely used liquid and semi-liquid ingredients for manufacturing infant formula. The liquid & semi-liquid segment is expected to exhibit high growth prospects in Asia Pacific. In Japan, liquid infant formulas are preferred owing to their convenience in emergencies such as natural disasters that frequently occur in the country.

The growing-up formula (12 months & above) segment is projected to record the fastest growth during the forecast period.

The growing-up milk (12 months & above) contains calcium, vitamin D, and iron, and mostly serves as a part of a balanced diet for infants. Given during the transition phase from infant nutrition to family food, manufacturers offering infant formula for this particular age group are expected to witness high growth prospects, especially from Asia Pacific.

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

Asia Pacific infant formula ingredients market is projected to be the fastest-growing during the forecast period. Countries such as China, Japan, and South Korea are expected to be key revenue generators during the next few years. The region has seen a rapid transformation in terms of urbanization. This has enabled women to join workforce post-delivery, making infant formula the only nearest substitute to breast milk for infants. Apart from this, China remains a key market for infant formula ingredient manufacturers as the country has one of the highest numbers of births at the global level. The country relies on imported infant formulas from European countries.

This report includes a study of marketing and development strategies along with the product portfolios of leading companies in the sodium hypophosphite market. It consists of the profiles of leading companies such as AAK AB (Sweden), Fonterra Co-operative Group Limited (New Zealand), Carbery Food Ingredients Limited (Ireland), Royal Friesland Campina N.V. (Netherlands), Sachsenmilch Leppersdorf GmbH (Germany), BASF SE (Germany), Koninklijke DSM N.V. (Netherlands), Arla Foods amba (Denmark), Chr. Hansen Holdings A/S (Denmark), Kerry Group plc (Ireland), Lactalis Ingredients (France), Glanbia plc (Ireland), and Vitablend Nederland B.V. (Netherlands).

The inoculants market is estimated to reach USD 924 million in 2020 and is projected to account for USD 1,207 million by 2025, recording a CAGR of 6.9% during the forecast period.Environmental concerns related to the use of chemicals and fertilizers, expansion of the livestock industry in emerging countries of South America and Asia Pacific and rise infeed grain prices are some of the key factors that are projected to increase the sales of agricultural inoculants in the coming years.

Based ontype,the silage inoculantssegment accounts for the largest share in the inoculants market in 2019. Sales of silage inoculants are on a rise due to the expansion of the livestock industry in several emerging countries across Asia Pacific and South America. Urbanization has also increased the sales of animal-based products, such as milk, eggs, and meat.With the rise in prices of feed grains, agricultural inoculants serve as a suitable alternative.

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Based onmicrobe, the bacterial segmentaccounted for the largest share in the inoculants market in 2019. Bacterialmicrobesserve as an alternative to increase crop productivity and reduce the use of fertilizers. Bacterial characteristics such as biological nitrogen fixation is known to promote the plant growth.These microbes improvise the nutrient intake, reduce plant diseases and pests, and enhance the quality of the plant.

Based on crop type,the cereals & grainssegment accounts for the largest share in the inoculants market in 2019.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.

North America was the largest market for inoculants in 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 and soybean at a global level. Due to these factors, the demand for inoculants remain high in this region. Soybean, being leguminous, responds well to inoculants such as rhizobacteria. The high production of soybeans in the country has further increased the overall production of oilseeds and pulses in the North American region, which has led to a surge in the consumption of agricultural inoculants for these crops.Apart from this, Canada ranks among the key pulse producing countries.According to Pulse Canada, in 2016, Canadian pulse production hit a high record of 8.4 million tonnes. Due to the occurrence of hypoxia in Mexico, the usage of synthetic chemicals and pesticides in farms is strictly regulated.Hence, the agricultural inoculants market is projected to witness a high growth in this country.

Inoculantmanufacturers are focusing on expanding their consumer base in the market. Leading players operating in the inoculants market includeCorteva (US), BASF (Germany), Bayer (Germany), Novozymes (Denmark), Verdesian Life Sciences (US), Advanced Biological Marketing Inc. (US), BrettYoung (US), Precision Laboratories, LLC  (US), Queensland Agricultural Seeds Pty (Australia), and XiteBio Technologies Inc. (Canada). Apart from this, other key players include Chr. Hansen (Denmark), Lallemand Inc. (Canada), Kemin Industries, Inc (US), Provita Supplements GmbH (Germany), Cargill (US), Archer Daniels Midland Company (US), BIOMIN Holding GmbH (Austria), Terramax (US), BIO-CAT Microbials (US), and MBFi (South Africa).

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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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Leading players profiled in this report:

•             Archer Daniels Midland Company (ADM)

•             Roquette Freres

•             Darling Ingredients, Inc.

•             Ingredion, Inc.

•             Gelita AG

•             Kemin Industries, Inc.

•             DuPont

•             Borregaard ASA

•             J. M. Huber Corporation

•             BENEO

•             Uniscope, Inc.

•             Avebe U.A.

Market Dynamics

Driver: Strong growth in the compound feed industry

The feed sector plays a crucial part in addressing global food and agriculture issues. Feed manufacturers are becoming more aware of the need to increase the nutritional value of feed products to improve the digestibility of animals to optimum levels. According to the FAO, global compound feed production has been estimated to be about 1 billion tonnes every year. Compound feed can be defined as the final feed product made up of various raw materials and additives. Additives are added to the feed to enhance their nutritional value, shelf-life, and quality. The compound feed industry is growing at a very fast pace, which fuels the need for the development of new additives in the feed market.

Restraint: Price volatility and availability of raw materials

Binding agents, such as guar gum, corn starch, agar, carrageenan, and gelatin, are highly effective binders but are very expensive to include in the feed. To optimize the cost of feed ingredients, compound feed mixers, or livestock, farmers opt for binders with high-cohesive properties to reduce the amount of inclusion as well as to limit the cost. Cost-effective binders, such as lignosulphonates and clay, are moderately expensive, with very low inclusion levels from 0.2% to 0.8%. Feed products are mostly formulated and designed by limiting the overall cost to sustain their market presence. The prices of raw materials can increase based on the source, extraction process, or the chances of availability in the region.

Opportunity: Increased popularity of natural solutions for pet food nutrition

Owners of pets remain very sensitive and concerned about the quality, safety, and source of the ingredients involved in the manufacturing of pet food. The trend of keeping pets is also gaining pace these days. According to Agriculture and Agri-Food Canada, 2013, the US has the largest population of pets and has one of the largest pet food markets worldwide. In 2018, Agriculture and Agri-Food Canada quoted the value of the pet food market in Europe, which was worth USD 24.1 billion. It is projected to reach USD 28.1 billion by 2022, with an estimated CAGR of 3.5% from 2018 to 2022. This implies that pet owners are looking for premium products for their pets.

Challenges: Low-quality products can be a challenge in developing economies

Low-quality products are used by some regional or local manufacturers to reap the benefits of the growing demand for compound feed. Duplicate and low-quality products can create health issues in the livestock and are a big concern for producers. There are many small players in the developing markets of Asia Pacific that offer compound feed without any brand name, and somehow increase their profits by selling unauthorized duplicate products. These local manufacturers attract feed consumers by offering lower prices for their low-quality compound feed.

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

Asia Pacific is the fastest-growing region in the feed binders market due to the presence of some of the primary compound feed, feed additives, and feed binder producers in the world, such as China and India. Most of the South East Asian countries also focus on the production of feed binders due to the growing livestock population. The increasing trend of meat consumption in the Asia Pacific region has also led to the rise in the production of feed binders.

Research Coverage

This report segmentsthefeed binders marketonthe basis type, livestock,source 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 feed bindersindustry,the high-growth regions, countries, government initiatives, market disruption, drivers, restraints, opportunities, and challenges.

“The lactose-free productsmarket isprojected to grow at a CAGR of8.7% during the forecast period.”

According to MarketsandMarkets, the lactose-free products market is estimated to be valued atUSD 12.1billion in 2020and is projected to reach USD 18.4billion by 2025, recording a CAGR of 8.7%, in terms of value. Factors such as the increasing awareness of lactose intolerance among consumers across regions andthegrowing demand for reduced added sugar or no added sugar productsare projected to drive the growth of the lactose-free productsindustry during the forecast period. However, the growth of the lactose-free productsmarket is inhibited by factors, such ashigh cost of lactose-free products and stiff competition from plant-based alternatives.

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“By type, the milksegmentis projectedtohold the largest sharein the market during the forecast period.”

Milk in general is amongst the most commonly consumed dairy products globally. Lactose- free milk is a rich source of protein, calcium, phosphorus, vitamin B12, riboflavin, and vitamin D. Lactose-free milk is produced by adding lactase to regular cow’s milk. The lactose-free milk tastes sweeter than regular milk because during the process of production lactase is added to lactose-free milk that helps in breaking down of lactose into two sugar forms namely; glucose and galactose. This is the key factor driving the growth of milk segment in lactose-free products market.

“By form, the no added sugar or reduced sugar claims segment is estimated to the fastest growing segment during the forecast period.”

By form, the no added sugar or reduced sugar claims segment is projected to be the fastest-growing segment. Due to the increase in awareness about health concerns, such as obesity and diabetes, consumers witness a high demand for no added sugar or reduced sugar products. For catering to the changing demands of consumers, many players in the dairy industry are focusing on introducing lactose-free dairy products with reduced added sugar or no added sugar claims. The trend of using reduced added sugar or no added sugar drives the lactose-free products market.

“By Category, Organic segment is projected to be the fastest-growing segment during the forecast period.”

The change in consumer perceptions toward healthy eating, increasing health consciousness among consumers, and growing awareness about the nutritional benefits of organic products have encouraged the growth of organic lactose-free products market. The increase in consumer consciousness about clean products and concerns about health issues related to artificial products and health benefits pertaining to naturally produced organic food products are factors encouraging the growth of the organic lactose-free products market.

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“The Asia Pacific regionis projected to grow at the highest CAGR during the forecast period”

The Asia Pacific region is projected to be the fastest-growing market during the forecast period. The significant growth of the economy in countries, rapid urbanization, an increase in demand for premium and healthy food & beverage products, and the increase in the westernization of consumer diets are some of the major factors driving the growth of lactose-free products in the region.

The lactose-free productsmarketis segmented region-wise, with a detailed analysis of each region. These regions include Asia Pacific, North America, Europe, South America,and RoW (Africa and the Middle East)

Leading players profiled in this report include the following:

• Gujarat Cooperative Milk Marketing Federation (India)            
• Valio LTD (Finland)             
• Danone Company S.A. (France)      
• Nestlé (Switzerland)          
• The Coca-Cola Company (US)
• Johnson & Johnson Services, Inc. (US)
• General Mills, Inc. (US)      
• Lifeway Foods, Inc. (US)    
• Lala U.S., Inc. (US)              
• Organic Valley (US)             
• Dairy Farmers of America, Inc. (US)
• Dean Foods (US)
• Shamrock Foods (US)       
• Saputo Inc (US)   
• Prairie Farms Dairy (US)    
• Agri-Mark, Inc. (US)             
• SmithFoods, Inc. (US)        
• GranlatteSocietaCooperativa Agricola ARL (Italy)        
• Meggle (Germany)
• Drums Food International Pvt Ltd (India)

Research Coverage

This report segmentsthelactose-free productsmarketon the basis oftype, form, category, 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 lactose-free productsmarket, high-growth regions, countries, industry trends, drivers, restraints, opportunities, and challenges.

 “Innovations & Developments in plant-based protein augmenting the vegan trend, which in turn driving the market for plant-based protein.”

The global plant-based protein market size is projected to grow from USD 10.3billion in 2020 to USD 14.5billion by 2025, in terms of value, recording a compound annual growth rate (CAGR) of 7.1% during the forecast period. Some of the major factors driving the growth of theplant-based proteinmarket include growing demand in the food industry, increasing demand for pea-based protein, and the opportunity to expand in the high growth potential markets.

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“The foodsegmentis projected to dominate the plant-based protein market throughout the forecast period.”

The food segment is projected to dominate the plant-based protein market, by application, in terms of value,due to their extensive use in human nutrition.Plant-based proteinis incorporated in food to add nutritional value to various food products. Different product sources are developed into types such as isolates, concentrates, and even textured proteins, which can be utilized in different types of plant-based foods, including dairy and meat alternatives, ready meals, confectionery, and other food types.

“The liquidsegment is projected to grow at the highest growth rate during the forecast period.”

The liquid segment is projected to grow at the highest growth rate due to its major use in plant-based dairy, food & beverages, and nutritional supplements such as shakes and other healthy beverages. Wet/liquid form of processing is a mainstream technology used for producing plant-derived protein isolates. This form of processing involves the consumption of copious amounts of water and energy. During the extraction of the protein, the source crop is dispersed in water so that other components, such as carbohydrates, are also extracted through ultrafiltration or iso-electric precipitation. With the growing demand for plant-based protein in the food and feed segments, the demand for plant-based protein that is obtained through wet processing is projected to remain high during the forecast period.

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“Asia Pacificis projected to record the highest growth during the forecast period.”

The Asia Pacificregion is projected to record the highest growth during the forecast period. The risingvegan food consumption has led to anincreased demandfor plant-based food.  The feed sector is also growing in countries such as China, India, and Japan, which aids the growth of the plant-based marketin the region.Some of the leading players operating in the region include Herblink Biotech Corporation (China)and ET Chem (China). Apart from regional manufacturers, major foreign players such as Cargill(US), DSM (The Netherlands), and ADM (US)have established their production and research & development facilities in countries in the Asia Pacific region.

The plant-based protein marketcomprises major players,which includeDSM (Netherlands), ADM (US), DuPont (US), Kerry Group (Ireland), Cargill (US), Glanbia (Ireland), Wilmar International (Singapore), Emsland Group (Germany), Puris (US), Cosucra Group (Belgium), Batory Foods (US), Roquette Freres (France), Ingredion (US), BurconNutracience (Canada), Sotexpro (France), AGT Food & Ingredients (Canada), Beneo (Germany), ProlupinGmbh (Germany), Aminola (Netherlands), Herblink Biotech Corporation (China), ET  Chem (China), Shandong Jianyuan Group (China), The Greenlans LLC (US), and Parabel (US)

“The hydrocolloids market is projected to grow at a CAGR of 5.3%.”

The hydrocolloids market is estimated to be 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% from 2020 to 2025. The growth of the hydrocolloids market is driven by factors such as the expansion of the processed food industry due to the increase in demand for convenience foods in the emerging countries of the Asia Pacific, South America, and the Middle East & African regions. Key drivers for the market’s growth include a robust R&D base, as manufacturers are focusing on with product innovations to offer high-quality hydrocolloids for the end-user industries and the multifunctionality of hydrocolloids.

The key hydrocolloids manufacturing players include the following:

• Archer Daniels Midland Company (US)
• DuPont (US)
• Cargill (US)
• Kerry Group Plc. (Ireland)
• Ingredion Incorporated (US)
• Palsgaard A/S (Denmark)
• Tate & Lyle (Ireland)
• Koninklijke DSM N.V. (Netherlands)

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“The thickeners segment for hydrocolloids is estimated to account for the largest share in 2020.”

The hydrocolloids markets, by function, is estimated to be dominated by the thickeners segment in 2020. Hydrocolloids are widely used as thickeners in various food products such as soups, salad dressings, gravies, sauces, and toppings. Key hydrocolloids used as thickeners include xanthan gum, guar gum, locust bean gum (LBG), gum Arabic, and carboxymethyl cellulose (CMC).

“The animal segment isestimated to account for the largest share in 2020”

The hydrocolloids market, by source, is estimated to be dominated by the animal segment in 2020. Hydrocolloids of animal origin are produced using skins and bones of different sources, such as beef, pork, and fish. Gelatin is one of the major hydrocolloids derived from animal sources having applications in the confectionery industry.

“The gelatin segment for hydrocolloids is estimated to account for the largest share in 2020.”

The hydrocolloids market, by type, is estimated to be dominated by the gelatin segment in 2020. Gelatin is derived from animal sources and has applications in food products such as candies, desserts, marshmallows, and ice creams. In Europe, gelatin is classified as food and is not subjected to food additive legislation. This is projected to create a lucrative opportunity for hydrocolloids manufacturers in the coming years.

“The food & beverages segment for hydrocolloids is estimated to account for the largest share in 2020.”

The hydrocolloids market, by application, is estimated to be dominated by the food & beverage segment in 2020.The demand for hydrocolloids is projected to increase in the coming years due to its multifunctionality in the food industry and the rise in demand for convenience foods in emerging countries. 

“North Americais projected to witness significant growth in the hydrocolloids market.”

The North Americanhydrocolloidsmarket is projected to witness significant growth with higher CAGR during the forecast period. due to the presence of major players such as Ashland (US), TIC Gums (US), CP Kelco (US), Cargill (US), Ingredion (US), and Darling Ingredients (US) operating in the region. The region is backed by the US, a major revenue pocket market for bakery, confectionery, convenience food, and packaged food products.

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Research Coverage

The report analyzes the hydrocolloids market along with hydrocolloids market across different types and regions. It aims at estimating the market size and future growth potential of this market across different segments such as type (gelatin, pectin, carrageenan, xanthan, agar, arabic, locustbean gum, carboxymethyl cellulose, alginates, guar gum, and microcrystalline cellulose);source (botanical, microbial, animal, seaweed, and synthetic); application (food & beverages, cosmetics & personal care products, and pharmaceuticals);function (thickeners, stabilizers, gelling agents, coating materials, fat replacers, and others) and region. The report also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, recent developments, and key market strategies.

The global hydroponics market is estimated to account for a value of USD 9.5billion in 2020 and is projected to grow at a CAGR 11.9% from 2020, to reach a value of USD 16.6billion by 2025.  The hydroponics market is projected to witness significant growth due to the increasing need for components installed for crop cultivation, the input nutrient and grow media for hydroponic systems, and the value of crop cultivated from these systems. Based on the system model, the hydroponic systems market can be classified into aggregate and liquid systems, wherein aggregate systems utilize a grow media for plant growth support and nutrition, while liquid hydroponic systems do not require a grow media. Owing to the higher efficiency and productivity obtained, liquid systems have been in high demand amongst growers for vegetable cultivation. The European hydroponic systems market is driven by the growing adoption of CEA for horticultural crops and increasing development of new innovative technologies that target specific crop needs.

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By type, the hydroponic systems market is segmented into aggregate systems and liquid systems. Aggregate systems are further divided into Ebb and flow system, drip system and wick system. Liquid systems are further divided into deep water culture technique, Nutrient-film technique, and aeroponics system. The Nutrient-film technique segment accounted for the largest share. The high productivity from Nutrient-film technique (NFT) and deep water culture (DWC) techniques have attracted growers to opt for these systems. The advent of aeroponics technology in recent times has further fueled the demand for liquid hydroponic systems. According to industry experts and multiple use cases, NFT systems are mostly preferred for vegetable cultivation, majorly lettuce and tomatoes, while DWC systems have been used for tomatoes, cucumbers, peppers, and fruit cultivation.

Based on crop type, the hydroponic crops market is segmented into vegetables, fruits, flowers, and other crops (cannabis, fodder crops and herbs). Hydroponic systems are majorly used for vegetable crops at the commercial scale, owing to the vast difference in yield obtained from this technology. Across the globe, tomatoes are the most widely produced vegetable through hydroponic technology, followed by leafy greens, mainly lettuce. Other vegetables such as cucumbers and peppers have been gradually gaining pace in the European and North American countries.

Some of the major players in the hydroponics system market are Signify Holdings (Netherlands), Argus Control Systems (Canada), Heliospectra AB (Sweden), Scotts Miracle Gro (US), American Hydroponics (US), and LumiGrow (US).Expansions & investments, mergers & acquisitions, and partnerships were some of the core strengths of the leading players in the hydroponics system 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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