The report “Food Authenticity Market by Target Testing (Meat Speciation, Country of Origin & Ageing, Adulteration & False Labeling), Technology (PCR-Based, LC-MS/MS, Isotope), Food Tested (Meat, Dairy, Processed Foods), and Region – Global Forecast to 2022″, The food authenticity market is projected to reach USD 7.50 Billion by 2022, at a CAGR of 7.6% from 2016 to 2022.

The market is driven by the increased EMA (economically motivated adulterations) due to high competition and increase in incidences of food frauds. Economically Motivated Adulteration (EMA) is a term used when food fraud is committed by way of intentional mixing or substituting food ingredients, for financial gain. In the highly competitive market, concerns of food frauds due to EMA are increasing. EMA is reported as a fairly common food fraud among high-value products.

Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=157288822

The adulteration test segment accounted for the largest share in the food authenticity market in 2015

The market for adulteration tests, among all the types of food authenticity, accounted for the largest share in 2015. This increased complexity in the supply chain is creating multiple challenges in the food industry to ensure food authenticity in terms of proper & correct labeling, GMO existence, preventing adulteration, and other economically motivated food frauds. Cutting cost due to competition is influencing adulteration trends. Due to this reason, instances of economically motivated adulteration (EMA) are growing in the market, which is identified as a major health threat for consumers.

PCR-based segment is projected to be the largest and fastest growing segment, by technology

PCR-based technology is found to be the most common, reliable, and widely used technology to ensure the authenticity of food products. Besides the market drivers, significant growth in adoption of this technology for food authenticity testing can be attributed to drawbacks of ELISA (enzyme-linked immunosorbent assay) technology, wherein the technology conducts DNA analysis for accurate determination of adulterant, meat species or GMO in products even at 0.1% levels of detection. PCR-based technology is projected to grow at the highest CAGR from 2016 to 2022.

Request for Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=157288822

Asia-Pacific is projected to be the fastest-growing region in the food authenticity market

The Asia-Pacific region is projected to be the fastest-growing market through 2022 due to the increasing food safety concerns among the consumers and the growing market for processed food. France is projected to be fastest-growing country in the European region. European countries have recorded many issues related to food authenticity; as a result, stringent policies have been established to ensure complete food authenticity. Food safety authorities in Europe aim to protect consumer health by ensuring the quality of the food supply chain.

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 SGS SA (Switzerland), Intertek Group plc (U.K.), Eurofins Scientific (Luxembourg), ALS Limited (Australia), LGC Science Group Ltd (U.K.), Merieux Nutrisciences Corporation (U.S), Microbac Laboratories Inc. (U.S.), EMSL Analytical Inc. (U.S.), Romer Labs Diagnostic GmbH (Austria), and Genetic ID NA, Inc. (U.S.).

The report “Termite Bait Systems Market by Termite Type (Subterranean, Dampwood, Drywood), Station Type (In-Ground, Above-Ground), Application (Commercial & Industrial, Residential, Agriculture & Livestock Farms), and Region – Global Forecast to 2023″ The termite bait systems market is estimated to be USD 260.8 million in 2018 and is projected to reach USD 342.5 million by 2023, at a CAGR of 5.60% from 2018. The market growth is driven by factors such as increasing demand from customers for less-toxic pest control methods and increasing prevalence of termite-related infestations with respect to rising global temperatures.

In-ground bait stations are estimated to be the most widely used station type during the forecast period.

Subterranean termites are the most common termites present globally and cause the most destructive damage to houses and other properties. Since subterranean termites are found below ground level, in-ground termite bait stations are used to control these termite infestations. The in-ground segment accounted for 72.5% of the global termite bait systems market in 2017, in terms of station type.

The commercial & industrial segment is projected to be the fastest-growing during the forecast period.

The commercial & industrial segment is projected to register the highest growth rate from 2018 to 2023. The increasing commercial and industrial construction activities, especially in the developing regions, have led to an increased demand for termite control services. The commercial & industrial sector needs to adhere to certain hygiene standards. This can create a significant demand for pest and termite control services in and around commercial and industrial areas. Additionally, the need for less-toxic termite control methods, such as termite baits, is also expected to gain importance in the coming years from the commercial & industrial segment.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=211702476

North America is projected to dominate the market, while Asia Pacific is projected to be the fastest-growing market for termite bait systems through 2023.

The North American region accounted for the largest share in 2017 due to the presence of players such as DowDuPont (US), BASF (Germany), and Rentokil (UK). Moreover, the presence of these companies in technologically advanced countries such as the US and Canada, and higher consumer awareness about and preference for pest control services have been key factors for the increasing adoption of bait systems for termite control.

The market for termite bait systems in the Asia Pacific region is projected to grow at the highest CAGR from 2018 to 2023, owing to the increasing investments in the commercial & industrial sectors.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It also includes the profiles of leading companies such as DowDuPont (US), BASF (Germany), Bayer (Germany), Sumitomo Chemical (Japan), Spectrum Brands (US), PCT International (Australia), Syngenta (Switzerland), Rentokil Initial (UK), Ensystex (US), Rollins (US), Terminix International (US), and Arrow Exterminators (US).

According to MarketsandMarkets, the industrial enzymes market is estimated to be valued at USD 5.9 billion in 2020 and is projected to reach USD 8.7 billion by 2026, recording a CAGR of 6.5% in terms of value. Due to thegrowing environmental concerns and rise in demand for bioethanol and advancement tools to optimize industrial production, the industrial enzymes market has been witnessing a surge. These factors are projected to drive the growth ofthe industrial enzymes market during the forecast period.

Enzymes play an important role as a biological catalyst in the processing for several applications, such as food & beverages, feed, detergents, bioethanol, pulp & paper, textiles & leather, and wastewater treatment. In addition, enzymes are increasingly used as a substitute forsynthetic chemicals, which significantly contributeto the growth of the industrial enzymes market.Consumer inclination toward the use of bioethanol as an alternative to gasoline in developed countries and the changing diet consumption patterns among consumers have been driving the use of enzymes in the bioethanol and food & beverage applications, respectively. R&D activities help the industry to innovate products and meet the demand of industries by increasing production.In addition, the usage of enzymes in textile manufacturing helps in creating fabrics that retain their high-quality appearance and vibrant colors even after multiple washes. The inclusion of enzymes in detergents has benefitted the environment by reducing energy consumption through shorter washing times, lower washing temperatures, and reduced water consumption.

In terms of type, the carbohydrases segmenthas shown significant growth in the market due to its wide range of usage across various applications.Carbohydrases havesubstituted sweeteners such as sucrose to improve the sensory properties of juices & wines and also reduce lactose in milk. This augments its usage in the beverage industry. Additionally, carbohydrases break down plant materials, such as fiber and starch, into simple sugars, resulting in effectively increasing the amount of energy made available in the feed.The ability of industrial enzymes to catalyze chemical reactions and increase its applications hascontributed to the growth of the industrial enzymes market.In addition, enzymes have several other benefits,such as lower production costs, higher product quality, reduced power energy consumption, and less wastage. These factors also drive the growth of the industrial enzymes market, while the use of industrial enzymes in food & beveragesis increasing due to the functional benefits of enzymes.

Request for Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=237327836

Asia Pacific is projected to witness the fastest growth in the industrial enzymes market during the forecast period due to the globalization of business and technological innovations. The Rest of the World (RoW) enzymes market has been growing due to advancements in various industrial applications and rise in demand in developed countries.

Novozymes (Denmark) expandedits R&D facilities in Brazil,whichwould focus on biotechnology-based innovations and developments in new enzyme product offerings. In addition, enzymes are used increasingly to optimize the bioethanol industry. One of the major factors contributing to the growth of the enzymes market in the Asia Pacific and Rest of the World (RoW)regions is the increase in population, which drivesthe growth of the food & beverage, feed, textile & leather, and pulp & paperindustries.These factors drivethe market growth for enzymes in the Asia Pacific and Rest of the World (RoW) regions for industrial applications.

The GMO testing market is estimated to be valued at USD 1.58 Billion in 2017. It is projected to grow at a CAGR of 8.2% from 2017 to 2022, to reach 2.34 Billion by 2022. The base year considered for the study is 2016, and the forecast years are from 2017 to 2022. The market is driven by factors such as evolution in farming technologies, diverse genetically modified processed food production, labeling mandates in several countries, and proper nutrient sufficiency.

Market Dynamics

Drivers

•             Need to Ensure Sufficient Nutrient Consumption

•             Technological Evolution of Farming Practices

•             Diverse Processed Foods Through GM Crops

•             Labeling Mandates in Several Countries

•             High Investment in Biotech R&D

Restraints

•             Lack of Implementation of Regulations

•             Lack of Required Technical Know-How Among Farmers

Opportunities

•             Emerging Markets for GMO Testing

•             Increasing Consumer Awareness About GM Foods

Challenges

•             Ban on the Production of GM Crops

•             Unaffordability of Tests By Manufacturers

•             Inappropriate Sample Collection Standards

Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=101319111

Among the crops and processed foods tested for GMO, crops accounted for the largest market share in 2016, dominated by corn and soy. The bakery & confectionery items are largely tested for GMO testing, which include baking flours, breads, cakes, muffins, and other confectionery & baked goods. The market in breakfast cereals & snacks among processed foods is projected to grow at the highest CAGR due to the presence of a large amount of cereal grains and corn flakes. Food additives such as lecithin, vitamin E (tocopherol), and proteins from genetically modified soybean are also largely tested for GMOs.

Scope of the Report

On the basis of Trait, the GMO testing market is segmented as follows: 

•             Stacked

•             Herbicide tolerance

•             Insect resistance

On the basis of Technology, the GMO testing market is segmented as follows:

•             Polymerase Chain Reaction (PCR)

•             Immunoassay

On the basis of Crop Tested, the GMO testing market is segmented as follows:

•             Corn

•             Soy

•             Rapeseed/Canola

•             Potato

•             Others (tomato, sugarbeet, and rice)

On the basis of Processed Food Tested, GMO testing market is segmented as follows:

•             Bakery & confectionery

•             Meat & meat products

•             Breakfast cereals & snacks

•             Food additives

•             Other processed food (infant food, dairy products, and processed beverages)

On the basis of Region, the GMO testing market is segmented as follows:

•             North America

•             Europe

•             Asia-Pacific

•             RoW

The European region is the largest market for GMO testing in 2016. Countries such as Germany, France, Italy, Spain, the U.K., and other EU countries are major importers of soy, corn, canola, and other crops and processed foods. The countries in the EU are stringent in GMO regulations, which in turn results in vigorous testing of GMO for safety. North America is the major exporter of soy, corn & canola to the world which requires the conduction of tests for GMO labeling according to the importing country mandates. Brazil and Argentina are also the active countries for genetically modified food testing for safety. Asia-Pacific countries are at the growth stage in this market. China is the major country followed by Japan, Korea, and Rest of Asia-Pacific.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=101319111

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 Thermo Fisher Scientific, Inc. (U.S.), SGS S.A. (Switzerland), Bureau Veritas SA (France), Intertek Group Plc. (U.K.), Eurofins Scientific SE (Luxembourg), TÜV SÜD AG (Germany), Bio-Rad Laboratories, Inc. (U.S.), ALS Limited (Australia), Mérieux NutriSciences Corporation (U.S.), AsureQuality (New Zealand), Romer Labs Diagnostic GmbH (Austria), and Microbac Laboratories, Inc. (U.S.).

In terms of insights, this research report has focused on various levels of analyses industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global genetically modified food safety testing market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.

The shelf-life testing market was valued at USD 3.19 billion in 2017; it is projected to reach USD 4.76 billion by 2023, at a CAGR of 7.0% during the forecast period. Stringent safety regulations for food products, increase in the outbreak of foodborne illnesses, and growth in demand for packaged and convenience food are factors driving this market.Market Dynamics

Drivers
·         Stringent Safety Regulations for Food Products Result in the Adoption of Shelf-Life Testing Services

·         Increase in Outbreaks of Foodborne Illnesses

·         Growth in Demand for Packaged and Convenience Foods

Restraints

·         Lack of Market Coordination & Standardization and Improper Enforcement of Regulatory Laws & Supporting Infrastructure in Developing Economies

Opportunities

·         Adoption of Newer Technologies

Challenges
·         High Costs Associated With Procurement of Rapid Shelf-Life Testing Equipment

·         Lack of Harmonization of Shelf-Life Regulations

Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=133301640

The shelf-life testing market, by parameter, is estimated to be dominated by the microbial contamination segment and is also projected to be the fastest-growing. Microorganisms pose serious health problems, resulting in strict regulations imposed by national governments and international bodies with respect to maximum content levels in food products. As a result, shelf-life testing is essential to ensure that the microbial content in the food product is limited to only a certain level throughout its shelf life, thereby contributing to consumer safety and complying with regulatory limits.

Scope of the Report:

This research report categorizes the shelf-life testing market based on parameter, food tested, method, technology, and region.

Based on parameter the market has been segmented as follows:

• Microbial contamination
• Rancidity
• Nutrient stability
• Organoleptic properties
• Others (water activity, pH, and moisture content)

Based on food tested, the market has been segmented as follows:

• Packaged food
• Beverages
• Bakery & confectionery products
• Meat & meat products
• Dairy, dairy products, and desserts
• Processed fruits & vegetables
• Others (fats & oils and food additives & ingredients)

Based on method, the market has been segmented as follows:

• Real-time
• Accelerated

Based on technology, the market has been segmented as follows:

• Equipment- & kit-based
• Manual tests  

Based on region, the market has been segmented as follows:

• North America
• Europe
• Asia Pacific
• RoW (South America, Africa, and the Middle East)

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=133301640

The Asia Pacific market is projected to grow at the highest CAGR from 2018 to 2023. Growth in the Asia Pacific region can be attributed to factors such as growth in the number of shelf-life testing laboratories in India and China, the rise in the number of incidences of bacterial infectious diseases in the region, and growing adoption of convenience and packaged food on the region.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as SGS (Switzerland), Bureau Veritas (France), Intertek (UK), Eurofins (Luxembourg), and ALS Limited (Australia). TÜV SÜD (Germany), TÜV NORD GROUP (Germany), Mérieux (US), AsureQuality (New Zealand), RJ Hill Laboratories (New Zealand), SCS Global (US), Agrifood Technology (Australia), Symbio Laboratories (Australia), Microchem Lab Services (Pty) Ltd (South Africa), and Premier Analytical Services (UK) are other players that hold a significant share in the shelf-life testing market.

The market for specialty food ingredients is projected to reach a value of USD 91.2 Billion by 2020, growing at a CAGR of 5.5% from 2015

This report defines and segments the specialty food ingredients market with analyses and projections of the market size, in terms of value. The market has been segmented on the basis of types, applications and regions. The report also identifies the driving and restraining factors of the global market with an analysis of trends, opportunities, and challenges. The market is segmented and the market size is projected on the basis of key regions such as North America, Europe, Asia-Pacific, and Rest of the World (RoW).

Market Dynamics:

Drivers

•             R&D and technological innovations

•             Uproar for convenience foods

•             Nutrition and taste convergence

•             Growing end-user applications

Restraints

•             Raw material availability and infrastructural & technological barriers

•             Vulnerability to seasonal changes

•             Poor supply chain

Opportunities

•             Opportunities in the emerging markets

Challenges

•             Food safety concerns and regulations

•             Consumer’s perception of E numbers

Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=252775011

The stricter legislatives and regulations with respect to food safety and shelf-life, implied that processing industries are keen on getting the right formulation to present the best food product to the consumer, and specialty food ingredients play a pivotal role in this aspect. The main driving forces for the growing market are the advanced technology, nutrition and taste convergence, rise in convenience food sector and growing end users applications.

Report Scope

By Ingredients

•             Functional food ingredients

•             Sugar substitutes

•             Flavors

•             Specialty starches

•             Acidulants

•             Emulsifiers

•             Preservatives

•             Colors

•             Enzymes

•             F&B Starter cultures

By Application

•             Bakery and confectionery

•             Beverages

•             Dairy and frozen foods

•             Convenience foods

•             Meat products

•             Functional foods/beverages/dietary supplements

•             Oils and fats

•             Others*

*Others include savory snacks, sauces, dressings, and condiment.

By Region:

•             North America

•             Europe

•             Asia Pacific

•             RoW

North America dominate global specialty food ingredients market followed by Asia-Pacific region. The Asia-Pacific food and beverage sector is greatly influenced by the consumer preference for healthy food which is a major driver for functional food ingredients. The implementation of R&D and technological innovations and collaborations with such companies has been moving at a high pace resulting in the new product launches, expansions to emerging countries and partnerhsips. With economies showing positive signs of recovery, on-going industrialization, increasing demand for processed foods, and a greater preference on the part of consumers for quality products, ingredient suppliers are becoming optimistic about the future of the market.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=252775011

Target Audience

•             Manufacturers/suppliers

•             Research & development laboratories

•             Regulatory bodies

•             Intermediary suppliers

•             End users

The major market players responsible for the growth in specialty food ingredients market are Archer Daniel Midland (U.S.), Royal DSM N.V. (The Netherlands), Kerry Groups (Irelands), Cargill Inc. (U.S.), E. I. DuPont de Nemours and Company (U.S.), Givaudan Flavors (Switzerland), Sensient Technologies (U.S.), CHR. Hansen (Denmark), Ingredion Incorporated (U.S.), and Tate & Lyle PLC (U.K.).

The report “Specialty Fats & Oils Market by Oil Type (Palm, Soybean, Rapeseed, Coconut), Fat Type (CBE, CBR, CBS, CBI), Application (Chocolates & Confectioneries, Bakery, Dairy Products), Form (Dry, Liquid), and Region – Global Forecast to 2023″, The markets for specialty fats and oils were valued at USD 2.13 Billion and USD 14.67 billion in 2017 and are projected to reach USD 3.66 Billion and USD 21.19 Billion by 2023, at CAGRs of 9.4% and 6.3%, respectively. The market is driven by factors such as the increasing gap between cocoa butter demand & supply and an increase in the consumption of confectionery and processed foods. The major players in the food industry are investing in R&D activities to expand their specialty fats & oils product portfolios and attract more consumers by providing innovative products.

Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=11304130

The cocoa butter equivalent segment accounted for the largest share of the specialty fats market, by type, in 2016.

On the basis of fat type, cocoa butter equivalents accounted for the largest share of the specialty fats market in 2016, followed by cocoa butter substitutes. CBEs are completely compatible with cocoa butter; also, their physical properties are extremely similar to that of cocoa butter. CBEs can be used as replacements for cocoa butter and can also be blended with cocoa butter without compromising on its rheological and processing characteristics. CBEs facilitate extended shelf-life and retard the bloom formation in chocolates, thus enhancing the functionality of the end product.

Bakery products accounted for the largest market share in the specialty fats market in 2016.

On the basis of application, bakery products accounted for the largest market share in 2016. High-income countries such as the UK, Canada, the US, Germany, and Spain have experienced a growth in the production and consumption of ultra-processed food, mainly bakery products such as bread, pastries, cakes, and cookies, in the past few years. Shortenings, creaming fats, and specialty oils such as cake oils are increasingly used to enhance the product performance and ensure higher consumer acceptance. These factors have accelerated the growth of this segment.

The dry segment accounted for a larger market share in the specialty fats market in 2016.

On the basis of form, the dry form of specialty fats accounted for a larger market share, followed by the liquid form.

Commercially, vegetable oils are processed to attain a solid fat with optimum fat content to provide the required melting properties in a particular application. Their dry form also helps them to function as a replacer for dairy and cocoa fats and bear a resemblance either in physical and/or chemical properties to dairy butter, dairy whipping cream, and cocoa butter without compromising on the palatability and quality of the end product. Due to these factors, the market for the dry form of specialty fats accounted for a larger share.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=11304130

The Asia Pacific dominated the specialty fats & oils market in 2016.

The Asia Pacific accounted for the largest market share in 2016. The specialty fats & oils market is consolidated in the Asia Pacific and dominated by a few companies such as The Nisshin Oillio Group, IOI Loders Croklaan, Manildra, D&L Industries, Fuji Oil, Musim Mas, Mewah International, and Wilmar International. In Asia Pacific countries such as China and Indonesia, the specialty fats & oils market is driven by the rising preferences for bakery products, chocolates, and confectioneries. Also, Malaysia and Indonesia are the world’s largest producers and exporters of palm oil. These factors have fueled the growth of the specialty fats & oils market in the Asia Pacific region.

This report includes a study of the marketing and development strategies, along with the product portfolios of the leading companies. It includes the profiles of leading companies such as Cargill (US), Wilmar International (Singapore), Bunge (US), AAK AB (Sweden), IOI Group (Malaysia), Manildra (Australia), D&L Industries (Philippines), Fuji Oil (Japan), Musim Mas (Singapore), Mewah International (Singapore), IFFCO (UAE), and The Nisshin Oillio Group (Japan).

The report “Dry Milling Market for Corn by End Product (Ethanol, DDGS, Corn Grits, Cornmeal, and Corn Flour), Application (Fuel, Food, and Feed), Source (Yellow Corn and White Corn), and Region – Global Forecast to 2022″, The global dry milling market for corn is estimated to be valued at USD 67.73 Billion in 2017. This market is projected to reach USD 88.61 Billion by 2022, growing at a CAGR of 5.5%. The market is driven by the demand for a variety of corn dry-milled products from the food industry and also owing to factors such as the use of corn as one of the main ingredients in feed, and the increasing demand for corn ethanol as biofuel.

Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=155111963

The ethanol segment, by end product, is projected to grow at the highest CAGR from 2017 to 2022

The ethanol segment dominated the dry milling market for corn in 2016. Ethanol production has drastically displaced corn supply for food and livestock feed applications in the developed countries across the world. Corn millers in the developed markets prefer producing ethanol from corn, as there have been massive production of corn in countries such as the U.S. Ethanol is considered a clean and low-cost octane booster. It provides oil refiners with the lowest-cost solution to upgrade the octane content of gasoline to the minimum levels required for sale. Moreover, in countries such as the U.S., Brazil, China, and other key producers of ethanol, an increasing production of renewable ethanol has been observed and linked to declining imports of petroleum.

The yellow corn segment accounted for largest market share in 2016.

In 2016, the market was dominated by yellow corn. Yellow corn is widely used to manufacture ethanol in the developed markets. Yellow corn contributes the bulk of the total global corn production and international trade. Its abundant production and its nutrient profile complement its usage for ethanol production of corn-dry-milling process. High demand for a clean and renewable corn-based ethanol is estimated to contribute to the market growth for yellow corn.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=155111963

Asia-Pacific is projected to grow at the highest CAGR from 2017 to 2022

The Asia-Pacific region comprises of countries with an abundance of corn production; hence, the agri industry in this region is well-developed as compared to the other regions of the world. Corn dry-milled products and by-products obtained by the corn dry-milling process are used in manufacturing various food, feed, and biofuel products. The growth of corn dry-milled products in this region is driven by the presence of potential consumers such as China, Japan, India, and other developing nations.

China is the second-largest producer and consumer of corn in the world. Companies in this region are focusing on producing quality products by using improved and environmentally friendly raw materials, combined with innovative technical abilities to satisfy the needs and demands of customers. Several joint ventures, acquisitions, and collaborations are taking place between the global key players, which are expected to change the dynamics of the Asia-Pacific corn market. Also, due to low labor cost and execution of new processing methods, most of the production of corn products is carried out in the Asia-Pacific region.

The global specialty yeast market is estimated to be valued at USD 2.7 billion in 2019 and is projected to reach about USD 4.0 billion by 2025, at a CAGR of 7.2%. The growth of this market is due to the rising demand for bakery products and a positive trend in the consumption of alcoholic beverages. Emerging economies such as China, India, and Brazil offer several opportunities for market expansion.

The Saccharomyces cerevisiae segment is estimated to witness the fastest growth in the specialty yeast market in 2019

Saccharomyces cerevisiae is used in the the fermentation of kefir, coffee & cacao beans, and other traditional fermenting products. There is a growing demand for fermented products from the consumers in the Asia Pacific region aiding the growth of the specialty yeast market.

The food segment, by application, is estimated to account for the largest market share in the specialty yeast market in 2019

By application, the specialty yeast market is segmented into food, beverage, feed, and others which include pharmaceuticals, chemicals, cosmetics, and personal care products. The food industry makes use of specialty yeast to improve the organoleptic properties of the food. Hence, the food segment is accounted to hold the largest market share in the specialty yeast market during the forecast period.

Request for Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=231306040

Increasing R&D activities for creating yeast alternatives to replace specialty yeast in the fermentation industry.

Due to the increasing demand of specialty yeast from several application industries, the need or producing new alternatives to specialty yeast has arisen. Several companies are investing in developing new alternatives to yeast extracts sourced from plants, which are cost-effective as compared to specialty yeasts which can cause a disruption in the specialty yeast market.

The European region is projected to dominate the specialty yeast market through the forecast period

In 2019, the European region is projected to lead the global specialty yeast market. Factors such as increasing consumption of alcoholic beverages and the growth in awareness among the consumers about the health benefits associated with natural and clean label products is driving the growth in the European region. The specialty yeast market in this region has grown rapidly as a spill over effect of the growing food processing industry and stringent regulations on synthetic ingredients used in the products, paving the way for natural ingredients such as yeast derivatives.

This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the specialty yeast market. It includes the profiles of leading companies such as Archer Daniels Midland (US), Associated British Foods (UK), Lallemand (Canada, Koninklijke DSM N.V (Netherlands), ), Chr. Hansen (Denmark) Kerry (Ireland), Lesaffre (France, Biorigin (Brazil), Beldem (Blegium), ), Angel Yeast (China) Kemin Industries (US), Leiber (Germany), Synergy Flavors (UK), Nutreco N.V (Netherlands), and Levex (Turkey).

The report “Specialty Enzymes Market by Type (Carbohydrases, Proteases, Lipases, Polymerases & Nucleases, and Other enzymes), Source, Application (pharmaceuticals, Research & Biotechnology, Diagnostics, and Biocatalysts), Form, and Region – Global Forecast to 2025″ According to MarketsandMarkets, the specialty enzymes market is estimated to be valued at USD 4.4 billion in 2019 and is projected to reach USD 6.6 billion by 2025, recording a CAGR of 6.9% in terms of value. The growing concerns about the enzyme quality in pharmaceuticals & diagnostics and rise in demand for non-harmful biological catalysts are factors that are projected to drive the growth of the specialty enzymes market, globally.

Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=21682828

Market Dynamics

Drivers

• Rise In Demand For Non-Harmful Biological Catalysts In Pharmaceuticals & Diagnostics

Restraints

• Lack Of Harmonization In The Regulatory Framework

• High Adoption Costs Involved For Small & Medium Enterprises

Opportunities

• Alternative To Chemical Catalysts

• Technological Innovations And Wide Industry Scope

• Launching Enzymes With Long Shelf Life

Challenges

• High Raw Material Costs Limiting Enzyme Usage

• Concern Over Quality Of Enzymes Used In Pharmaceuticals & DiagnosticsScope of the report

By Type

• Carbohydrases
  • Amylases
  • Cellulases
  • Other carbohydrases
• Proteases
• Lipases
• Polymerases & nucleases
• Other enzymes

By Source

• Microorganisms
• Plants
• Animals

By Application

• Pharmaceuticals
• Research & biotechnology
• Diagnostics
• Biocatalysts

By Form

• Liquid
• Dry

By Region

• North America
• Europe
• Asia Pacific
• Rest of the World (RoW)
  • Brazil
  • Argentina
  • South Africa
  • Others in RoW
    

Request for Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=21682828

The North American region dominated the specialty enzymes market with a market share of 48.8% in 2018, whereas Asia Pacific is projected to witness the highest growth rate.

The specialty enzymes market in North America is dominating due to the increasing demand for enzymes in specialty applications. Technological innovations in machinery, optimization of production, logistics, and globalization of business have made the pharmaceutical industry one of the essential sectors in the North America region. However, the shift of industrial operations from developed regions, such as North America and Europe to Asia Pacific, has further contributed to the growth of the specialty enzymes market in Asia Pacific region. The use of specialty enzymes in biotechnology advancements such as drug cloning, transgenic organisms, and gene modification has been fueling the market in Asia Pacific. Furthermore, the European consumers have shown an inclination toward clean-label and organic products. This has enabled manufacturers to consider organic ingredients as key components of the products. Due to this, the specialty enzymes market in the European region is led by the growing focus on the production of pharmaceutical products, owing to the functional benefits of enzymes.

This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as 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).