Beta-Glucan Market worth 476.5 Million USD by 2022

The report “Beta-Glucan Market by Source (Cereal, Mushroom, Yeast, Seaweed), Application (Food & Beverages, Personal Care, Pharmaceuticals, Animal Feed), Category (Soluble, Insoluble), and Region – Global Forecast to 2022″, is projected to reach USD 476.5 Million by 2022, at a CAGR of 7.57% from 2017. The market is driven by factors such as growing health consciousness among consumers, increasing health expenditure, and growing application of beta-glucan in different industries. The latter drives the need for modification in beta-glucan products, to be used in the food & beverage industry, pharmaceutical, functional food, and animal feed industries.

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Beta-glucan from cereal as a source is projected to be the fastest-growing market during the period 2017–2022

Globally, the production of beta-glucan from cereal is expected to remain dominant, due to the high availability of raw materials and ease of extraction. North America is projected to grow at the highest CAGR from 2017 to 2022 while Europe is projected to be the largest market for beta-glucan from sourced from cereal, by 2022. Yeast as a source of beta-glucan is projected to be the second-largest market by 2022.

Soluble beta-glucan is projected to be the fastest-growing market during the period 2017–2022

Soluble fiber helps normalize the blood sugar levels while insoluble fiber is vital for balanced digestion. Soluble beta-glucan is projected to dominate the market globally during the forecast period. Soluble beta-glucan fiber found in the right amount in oats binds with cholesterol and prevents it from being reabsorbed into the bloodstream, thereby lowering the risk of heart disease.

The pharmaceuticals application accounted for the largest share in the beta-glucan market in 2016

On the basis of application, the market is segmented into food & beverages, personal care, pharmaceuticals, and animal feed. The application of beta-glucan in food & beverages is projected to grow at the highest CAGR during the forecast period. The market is driven by the growing health awareness among consumers. Therefore, companies are offering modified beta-glucan products for different applications such as functional food, beverages, dietary supplements, animal nutrition, and personal care due to their health and skin benefits

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Europe dominated the beta-glucan market in 2015

The European region was the largest market for beta-glucan in 2016. This can be attributed to the increase in demand for various beta-glucan products in countries such as Germany and the U.K. The growing food & beverage industry is, in turn, driving the growth of the functional food ingredients market in Germany, which as a result is influencing the growth of the regional beta-glucan market.

This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes the profiles of leading companies such as Cargill (U.S.), Kerry Group plc (Israel), Tate & Lyle (U.K.), Royal DSM (Netherlands), Ohly (Germany), Frutarom (Israel), MilliporeSigma (U.S.), Super Beta Glucan (U.S.), and Lesaffre Human Care (France).

Increase in Value Addition of By-Products and Rise in Productivity Improvement Opportunities are Factors that are Projected to Drive the Growth of the Industrial Sugar Market

Sugar is one of the key commodities produced and consumed around the world, of which nearly 70% of production is consumed in domestic markets, whereas 30% is traded in the international markets. International trade has the potential to maintain stability in the domestic market, as exports can help to provide any surplus of industrial sugar production in across regions, wherein marginal deficits can be catered to by importing raw sugar. Besides catering to the local demands in countries, the industrial sugar industry also aims to enhance the value addition from sugarcane by focusing on deriving by-products through integrated sugar complexes.The rise in sugar production is possible mainly through productivity improvements and increase in the milling capacity of the existing mills.

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The global market for industrial sugar is projected to reach USD 52.9 billion by 2022, recording a CAGR of 6.0%

On the basis of type of industrial sugar, the white sugar segment is projected to drive the market growth.It is widely used in food applications, such as bakery, dairy, and confectioneries. The growth in retail market and the expansion of product portfolio are factors that are projected to drive the demand for the sugar confectionery market globally.The rise in awareness pertaining to health consciousness among consumers hasled to an increase in demand for brown sugar.The demand for liquid sugar has also increased among food & beverage manufacturers due to itsextended shelflife as compared to the types of industrial sugar.

Significant usage in beverages, confectioneries, and other food & beverage applicationsis projected todrive the demand

The majorfactor encouraging the use of industrial sugar in food applications is due to its sweet taste. Besides its flavor-enhancing properties, sugarin food products also acts as preservative, texture modifier, fermentation substrate, coloring,and bulking agent. The various methods forthe use of sugar are based on its physical and chemical properties. The awareness among consumers pertaining to sugar has increased over the years, which has led them to opt for health-enriching food products, such as low-calorie confectionery and bakery products.Due to these factors, confectionerymanufacturers are specificallyusingvarious types of sugarto align with changing consumer preferences for healthy diet.

Geographical Prominence

Asia Pacific is estimated to account for the largest market share in the industrial sugar market, in terms of value, in 2016, dueto the presence of major players in the region and the increase in disposable income of consumers. Developed markets, such as North America and Europe, have reached the mature stage, and thus, offer growth opportunities for manufacturers in developingregions,including AsiaPacific. The growth of the industrial sugar market in the AsiaPacific region is driven by untappedapplication segments and increasing population. The increase in the consumption of consumer products and the rise in demand for packed food products are the key factors that drive the demand for sugar products in regions, such as Europe and North America.

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Conclusion

The industrial sugar market is highly competitive, with a few large and established players, as well as a large number of small and medium-sized firms.The rising average international prices and value addition to by-products area few major factors that are projected to drive the growth of the industrial sugar market. Key players in this market have adopted various strategies to expand their global footprint and increase their product offerings to capture the market share. The market is dominated by leading companies, such as Cargill (US), ADM (US), Raizen SA (Brazil), Sudzucker AG (Germany), Tereos (France), Nordzucker Group AG (Germany), and Tongaat Hulett Group (South Africa).

BASF SE (Germany) and Isagro (Italy) are the Major Players in the Agricultural Biologicals Market

The agricultural biologicals market size is estimated to account for a value of USD 8.8 billion in 2019 and is projected to grow at a CAGR of 13.6% to reach a value of USD 18.9 billion by 2025. The increase in preference for organic food products across the globe has led to a surge in demand for bio-based crop protection methods, which has contributed to the growth of the agricultural biologicals market. The shift toward sustainable agriculture has also, lead to an increase in the use of agricultural biologicals globally.

The agricultural biologicals market witnessed significant growth due to factors, such as the ban of chemical-based products by the government, increasing exports of organic food products, and degrading soil and water quality due to the continuous usage of chemical pesticides. Key players in this market include BASF SE (Germany), Syngenta (Switzerland), Marrione Bio Innovation (US), Isagro (Italy), UPL (India), Evogene (Israel), Bayer (Germany), Vegalab (US), Valent (US), Stockton (Israel), Biolchim (Italy), Rizobacter (Argentina), Valagro (Italy), Koppert Biological Systems (Netherlands), Lallemand (Canada), Symborg (Spain), Andermatt Biocontrol (Switzerland), Seipasa (Spain), and Verdasien Life Sciences (US). These major players are focusing on undertaking acquisitions and mergers to improve their presence in the agricultural biologicals market. They are focusing on introducing new and advanced technology solutions for biologicals.

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BASF SE provides biological solutions for crop protection. The company operates through five major business segments, namely, functional materials & solutions, chemicals, performance products, agricultural solutions, and other. It provides agricultural biologicals through its agricultural solutions business. Under the agricultural solutions segment, the company has a comprehensive product portfolio for crop protection & seed, turf & ornamentals, and urban & rural pest control. The crop protection segment offers various biological solutions to control pests, fungi, and insects. These biological solutions include biofungicides, biopesticides, bioinsecticides, and pheromones. In August 2018, BASF SE acquired a wide range of businesses and assets from Bayer CropScience (Germany), which complements its crop protection, biotech, and digital farming activities.

Isagro is primarily involved in the manufacturing and marketing of agricultural products, such as agro pharmaceutical and biosolutions. It operates in two major segments, namely, crop protection products, and other products. These products range from fungicides, insecticides, biostimulants, pheromones, and fumigants. Due to the investment of USD 13.1 million in R&D activities for crop protection products, the company has a range of new biological products that would be launched at their scheduled dates. The company also focuses on strengthening its position in the market by expanding its distribution channels through partnerships with other global players.

Syngenta Crop Protection AG is among the leading players in agribusiness, which operates in the crop protection, seeds, controls, and flower markets. It offers agricultural biologicals through its crop protection segment. Through its crop protection segment, the company offers its solutions for selective herbicides, non-selective herbicides, fungicides, insecticides, seed care, controls, and other crop protection products. The crop protection business of the company witnessed significant improvements in sales due to the recovery and growth in the Brazilian market and new product launches in the EMEA and the US. In May 2019, Syngenta launched its first bioinsecticide, Costar, which would be mainly sold in Portugal. The formulation is based on the strain of Bacillus and can be used in over 50 crops in the European countries. This would help the company in increasing its global footprint.

Proanthocyanidins Market worth $280 million by 2025

The report “Proanthocyanidins Market by Source (Cranberry, Grape Seed, and Pine Bark), Application (Pharmaceuticals & Dietary Supplements, Personal Care & Cosmetics, and Functional Food & Beverages), Type (Type A and Type B), and Region – Global Forecast to 2025″ The proanthocyanidins market is estimated at USD 198 million in 2019 and is projected to grow at a CAGR of 6.0% from 2019 to 2025, to reach USD 280 million by 2025. Proanthocyanidins are rich in antioxidants and provide several health benefits to consumers; for instance, they help in healing wounds, improve bone strength, aid in skin-related issues including skin cancer, and also offer cardiovascular benefits. Hence, they are significantly witnessing high demand among manufacturers in the personal care, food & beverages, and cosmetic industries. Proanthocyanidins are witnessing a surge in demand as it finds various applications in the personal care, dietary supplement, cosmetics, and food & beverage industries. The global proanthocyanidins market is primarily driven by the health benefits and therapeutics effects offered by this ingredient and its increasing applications in the production of personal care and cosmetic products

The pine bark segment is projected to be the fastest-growing segment in the proanthocyanidins market during the forecast period.

Pine bark is loaded with oligomeric proanthocyanidins compounds which act as super antioxidants. It is used in health supplements, mainly due to its antioxidant activity. The antioxidant contents of pine bark extracts help reduce visible signs of aging in the skin, due to which pine bark extracts are used in anti-aging skin cream formulations. The applications of pine bark as an additive in food is gaining acceptance among health-conscious customers. The pine bark extract segment is witnessing a surge in demand due to the nutritional benefits of pine bark extract and an increase in consumer awareness.

Type B Proanthocyanidins derived from grape seed and pine tree bark are projected to record a faster growth due to their increasing demand in pharmaceutical and healthcare applications.

Type B Proanthocyanidins (PAC) are mainly found in grape seed and pine tree bark. They are widely utilized in pharmaceutical and health care applications due to the health benefits offered by type B PAC. For instance, they lower the risk of atherosclerosis, reduce complications related to diabetes, lower cholesterol levels, prevent cancer, and aid in wound healing. Moreover, it is found that type B PAC extracted from grape seeds has better antioxidant property compared to the other antioxidants such as vitamin C, vitamin E, and â-carotene. Thus, the type B segment is projected to grow at the highest CAGR as the prevalence of diseases such as diabetes and cancer is increasing.

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The pharmaceuticals & dietary supplements segment is projected to account for the largest market share during the forecast period.

The pharmaceuticals & dietary supplements segment is projected to a leading segment in the proanthocyanidins market during the forecast period. With the rise in aging population, consumers are becoming more conscious and aware of various diseases that can be prevented. This concern has driven the pharmaceuticals & dietary supplements market, particularly in the European and North American countries. Health-conscious consumers prefer balanced diet alternatives such as health supplements. Due to the rising urbanization and busy lifestyles of consumers, there has been a significant increase in self-prescriptions. Consumers now rely more on alternative channels to self-diagnose themselves and also take preventive measures to keep themselves healthy. Such practices are significantly increasing the demand for proanthocyanidins in dietary supplements globally.

The North American region is projected to account for the largest market share during the forecast period.

The North American proanthocyanidins market is projected to account for the largest share by 2025. The region has traditionally been a major consumer of proanthocyanidins. The rise in the aging population, increased consumption of healthy food, and growing demand for pharmaceuticals are the major factors driving the market in North America. Functional foods, which provide health benefits beyond basic nutrition, have gained higher importance in the last decade. Typically, food marketed as functional food contains ingredients (such as Proanthocyanidins) with specific health benefits. Consumers are seeking added health benefits from the food consumed, and increasing awareness among them is driving the growth of the functional food & beverage segment in the proanthocyanidins market.

This report includes a study of marketing and development strategies along with the product portfolios of leading companies in the proanthocyanidins market. It includes the profiles of leading companies such as Naturex (France), Indena SPA (Italy), Nexira Inc. (France), Polyphenolics (US), Xian Yuensun Biological Technology Co.,Ltd. (China), Natac (Spain), and Eevia Health (Finland).

Market Leader – Cannabis Market

The global cannabis market size is projected to grow from USD 10.3 billion in 2018 to USD 39.4 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 30.7% during the forecast period. The major driving factors in the cannabis market are growing medicinal application of cannabis and increasing legalization of cannabis.

The global market for cannabis is dominated by major players such as Canopy Growth Corporation (Canada), Aurora Cannabis Inc. (Canada), Tikun Olam (Israel), Cannabis Science Inc. (US), Aphria Inc. (Canada), Maricann Group Inc. (Canada), Tilray Inc. (Canada), VIVO Cannabis Inc. (Canada), Medical Marijuana, Inc. (US), STENOCARE (Denmark), Cronos Group Inc. (Canada), Terra Tech Corp. (US), and MedMen (US). These players have adopted various growth strategies such as agreements, collaborations, joint ventures & partnerships, new product launches, expansions & investments, and acquisitions to expand their presence in the global cannabis market. Agreements, collaborations, joint ventures & partnerships have been the most dominating strategies adopted by the major players from 2013 to 2018. These strategies have helped them to tap the lucrative growth opportunities in the market and strengthen their market positions. Additionally, they have also helped them to increase their distribution channels.

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Canopy Growth Corporation has been focusing on mergers & acquisitions and various agreements to expand its reach across different provinces of Canada as well as other countries such as Australia, Chile, Denmark, Lesotho, and Spain. The company is also strategizing to focus on upcoming products in the cannabis industry. For instance, in October 2018, the company acquired Eddu (Colorado) for the manufacturing of innovative products, such as cannabis-infused beverages. Moreover, Constellation Brands (US) has invested USD 4 billion in Canopy Growth Corporation to the company to strengthen its position and establish widespread operations across 30 countries.

Aurora Cannabis Inc. acquired and partnered with many companies to build a strong presence in terms of geographic reach, technology, production, and product offering. It is the only company that has launched a mobile application for ordering medically prescribed cannabis that will help the patients to order in a more user-friendly way. Additionally, to target the emerging consumption of cannabis among adults, it has been associating with liquor manufacturers to resell their recreational cannabis product. In September 2018, Aurora Cannabis Inc. acquired Agropro UAB (Lithuania) and Borela UAB (Lithuania) to extract and produce CBD-based wellness products for the European market.

Increased Demand for Sterilized Food & Beverage Products is Driving the Food Sterilization Equipment Market

The food sterilization equipment market is projected to reach USD 922.7 million by 2023, at a CAGR of 6.3% from 2018. This market is mainly being driven by rising instances of foodborne diseases and growing awareness about food safety among consumers. Factors such as increasing consumption of sterilized food products in the emerging markets of the Asia Pacific and Europe are also projected to drive the growth of the food sterilization equipment market.

The dried fruits & nuts segment is projected to grow at the highest CAGR from 2018 to 2023. Dried fruits and nuts are consumed as a snack and are used as ingredients in various confectionery and bakery products. Insects, mites, and microbes can spoil dried fruits and nuts, and degrade its quality. To maintain the quality of the dried fruits and nuts, manufacturers are focusing on opting for food sterilization equipment. These factors are projected to drive the growth of the market in this segment.

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The radiation segment of the food sterilization equipment market is projected to grow at the highest CAGR from 2018 to 2023. Radiation technology minimizes the presence of pathogens and reduces the speed of enzymes production, which eventually slows down the ripening, spoilage, and sprouting process in the food products.

The batch sterilization process is projected to witness the fastest growth between 2018 and 2023. This process involves minimal expenditure on the apparatus and assets as compared to the continuous sterilization system. Due to these factors, this process remains the most-preferred in various food application industries.

Asia Pacific is estimated to record the highest CAGR in the global market during the review period. The rising number of foodborne diseases is mainly due to the presence of allergens and pathogens s, which results in the contamination of food products from plastic, glass, and metal parts. Such factors are driving the food sterilization equipment market.

Manufacturers in the region are focusing on utilizing various sterilization technologies for packaging food products. Upcoming sterilization technologies such as aseptic packaging are being used by several food manufacturers due to its fast and easy process. In addition, leading technology solutions enable the manufacturers to offer better quality products, save production energy, and prevent the deformation of the packaged food product. The key market players in developing countries such as India and China are utilizing various sterilization processes to cater to the growing demand for packaged and processed food products.

Process Equipment Market for Seed Industry worth 91.32 Billion USD by 2022

The report “Process Equipment Market for Seed Industry by Type (Cleaners, Dryers, Coaters, Graders, Separators, and Polishers), Crop Type (Cereals & Grains, Oilseeds & Pulses, and Fruits & Vegetables), Method, and Region – Global Forecast to 2022″, Process equipment market for seed industry includes processed seed market and seed processing equipment market. The market for processed seed, in terms of value, is estimated at USD 56.07 Billion in 2017 and is projected to reach USD 91.32 Billion by 2022, at a CAGR of 10.2%. The seed processing equipment market is projected to reach USD 3.25 Billion by 2022, growing at a CAGR of 10.2% from USD 2.00 Billion in 2017.

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The necessity to increase food production, with the decrease in arable land, has increased the demand for processed seed, which has resulted in higher demand for the seed processing equipment. Furthermore, the increase in acceptance and area under GM crop, growth of globalized trade of processed seed, and rise in awareness in developing countries are other factors driving the global process equipment market for seed industry.

The cereals & grains segment accounted for the largest share during the forecast period in the processed seed market.

In 2017, on the basis of crop type, the cereals & grains segment accounted for the largest share, in terms of both value and volume. Cereals & grains are the staple food for a majority of the population and form a major source of energy, especially for livestock. The global processed cereal seed market is driven by the growth in population, increase in income levels, higher seed replacement rate in areas under cultivation, R&D breakthroughs, utilization for biofuel production, and intensive agriculture practices, followed by farmers to increase yield and productivity.

Coaters: The fastest-growing equipment type in the seed processing equipment market

In 2017, the coaters segment is estimated to account for the third-largest share of the seed processing equipment market in terms of value; this is projected to grow at the highest CAGR through 2022. The increasing awareness about the benefits of seed coating with various pesticides, insecticides, and biologicals has increased the demand for the coated processed seed products and thus boosted the demand for coaters in the developing countries.

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North America dominated the processed seed market, while Asia Pacific accounted for the largest share in the seed processing equipment market

North America is one of the most technologically advanced regions. The seed processing & equipment market here is growing constantly due to the rising demand for quality raw material by the food chains, along with increasing demand of commercial seeds by the farmers for better yield in this region; Asia Pacific is witnessing promising growth in the production of processed seed in the past years due to increasing awareness about the benefits of commercial seed, especially in countries such as India and Indonesia. The demand for seed processing equipment is also projected to grow in the region.

This report studies marketing and development strategies, along with the product portfolios of leading companies in the processed seed market (such as Bayer, The Dow Chemical Company Monsanto, Syngenta, and KWS Group) and in seed processing equipment (such as Cimbria, PETKUS Technologie, Lewis M. Carter Manufacturing, Westrup, and Alvan Blanch Development Company).

Specialty Yeast Market worth $4.0 billion by 2025

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 yeast extracts segment is estimated to account for a larger market share, in terms of value, in 2019

Yeast extracts are prepared from baker’s yeast or brewer’s yeast. These are used mainly as a natural aromatic ingredient for savory food products such as soups, sauces, meat preparations, and savory mixes. The high demand for natural food additives is expected to drive the yeast extracts segment which in turn is projected to hold the largest market share in terms of value by 2025.

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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.

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.

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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).

Agricultural Enzymes Market to Reflect Impressive Growth in Agricultural Industry

The report “Agricultural Enzymes Market by Type (Phosphatases, Dehydrogenases, Sulfatases), Product Type (Fertility Products, Growth Enhancing Products), Crop Type (Cereals & Grains, Oilseeds & Pulses, Turf & Ornamentals), and Region – Global Forecast to 2022″, The global agricultural enzymes market is projected to grow at a CAGR of 11.2% to reach USD 474.7 million by 2022 in terms of value. The agricultural enzymes market is growing rapidly owing to factors such as cost savings and increasing demand for biofertilizers. The trend towards sustainable industrial agriculture has created opportunities for agricultural enzyme manufacturers to generate significant revenues by developing enhanced and high-quality products for customers.

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

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

Phosphatases segment dominated the agricultural enzymes market

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

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Fertility segment accounted for the largest market share

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

Europe: Lucrative market for opportunities for the agricultural enzymes market

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

Frozen Bakery Products Market Projected To Witness Vigorous Expansion By 2022

The report “Frozen Bakery Products Market by Type (Breads, Pizza Crusts, Cakes & Pastries), Distribution Channel (Artisan Bakers, Retail, Catering & Industrial), and Technology (Raw Products, Ready-to-Bake, Ready Baked & Frozen) – Global Forecast to 2022″, The frozen bakery product market is projected to reach a value of USD 23.48 Billion by 2022 at a CAGR of 7.9% from 2016.

Increase in demand for convenient food products and drive for greater taste, safety, and consistency are the major factors driving the global frozen bakery products market. The high growth potential in emerging markets such as India and China, and untapped regions provide new growth opportunities for the players in the frozen bakery products market.

Cakes & pastries projected to be the fastest-growing segment, by type, from 2016 to 2022

The cakes & pastries segment is projected to grow at the highest CAGR from 2016 to 2022. Increase in exports and imports of frozen cakes & pastries from dominant regions, such as North America and Europe, are the factors behind its continuously increasing market share in other parts of the world. In addition, specialty cakes & pastries with high starch-gluten ratio and low-protein wheat are gaining huge popularity, and are expected to contribute a commendable market revenue in 2022.

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Retail distribution channel segment expected to continue its dominance over the forecast period and to grow at a considerable CAGR between 2016 and 2022

Retail is the most effective media of targeting the maximum number of customers possible, and currently holds the largest market share of the frozen bakery products market. Changing consumption patterns, willingness and ability of customers to spend and try new products are the key factors driving the growth of the retail channel. Moreover, the increasing number of super markets and hyper markets is moderately replacing fresh bread products made by chain bakeries and artisan bakers.

Asia-Pacific expected to show growth potential in the frozen bakery products market

There is a high-growth potential for frozen bakery products in the Asia-Pacific region where the emerging economies, such as China and India, are located. The emerging economies have considerable potential customers that are adopting the ready-to-cook and more convenient food options. China, in particular, is the largest country to hold the maximum share in the frozen bakery products market due to the rapid urbanization and changing consumption pattern of consumers in this country.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. The leading companies in the global frozen bakery products market include Grupo Bimbo S.A.B. de C.V. (Mexico), Aryzta AG (Switzerland), Lantmannen Unibake International (Denmark), Europastry, S.A. (Spain), General Mills Inc. (U.S.), and Kellogg Company (U.S.). Other players include Conagra Brands, Inc. (U.S.), Premier Foods plc (U.K.), Associated British Foods plc (U.K.), and Vandemoortele NV (Belgium).