The Growth of the Bakery Industry to Drive Market Growth

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

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

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

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

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

Rising Adoption of Plant-Based Protein Drives Meat Substitutes Market

Meat Substitutes Market is projected to reach USD 3.5 billion by 2026, from USD 1.6 billion in 2019, recording a CAGR of 12.0% during the forecast period. The rising awareness about plant-based meat and increasing health-cautiousness due to increasing obesity are projected to drive industry growth during the forecast period.

The demand for pea protein, as a source, to remain high during the forecast period

The market for pea proteins as a source of meat substitutes projected to grow at the highest CAGR during the forecast period; the projected growth is owing to the high nutritious value that pea protein. Furthermore, the rise in disposable income among the increasing middle-class population of Europe is facilitating more expenditure on the premium, highly-priced, and pant-based meat products. Hence, the growing demand for vegan products in the region is expected to fuel the growth of pea protein meat substitutes.

The solid segment is estimated to dominate the meat substitutes market due to the increasing consumption by food manufacturers

The solid segment, by form, is projected to dominate the global meat substitutes market during the forecast period. This is due to the high consumption of solid meat substitutes in powder and chunks forms. Solid meat substitutes also help to increase the shelf-life of products, which help food manufacturers to buy solid meat substitutes at a wholesale level, which reduces the cost of raw materials. These factors have been driving the growth of this segment for the past few years.

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With the increasing demand for plant-based meat, North America is estimated to dominate the meat substitutes market in 2019

The changing lifestyle and increasing buying power of consumers have increased the demand for meat substitutes. The growth of the region is owing to the increasing sale of plant-based meat products in North America and the rising acceptance of convenience foods among consumers due to their hectic lifestyles. Also, the inclination of the millennial population toward ready-to-eat foods drives the North American processed food market, which, in turn, is driving the demand for global meat substitutes.

In recent years, the rise in innovation in plant-based meat products has also been seen in the US. This factor is also expected to propel the market growth. Major companies of this region, such as Cargill (US) and ADM (US), are highly focusing on innovations to provide better products to their customers.

This report includes a study of the development strategies of the leading companies. The scope of this report consists of a detailed study of meat substitute manufacturers, such as Cargill, (US), Archer Daniels Midland Company (US), DuPont (US), Ingredion (US), Axiom Foods (US), MGP Ingredient (US), A&B Ingredients (US), and Puris (US).

Highlights of the Food Emulsifiers Market

Any major development that can change the business landscape as well as market forecasts

Clean-label ingredients in food products are slowly gaining global importance amongst consumers. Ingredient labeling has become mandatory in developed economies due to rising consumer awareness. This has brought about a change in the use of ingredients for production by the manufacturers. The demand for natural ingredients is increasing, owing to which, manufacturers are launching various products having natural ingredients that can provide an advantage to drive the consumption of emulsifiers. In 2020, a number of major food manufacturers such as General Mills (US), Hershey’s (US), Kellogg’s (US), and Nestle (Switzerland) aimed at eliminating artificial additives from a majority of their food products sold in the US; this initiative took a hit, in terms of the effectiveness of these additives.

Addition/Refinement in segmentation – Increase in the depth or width of segmentation

Emulsifier Type Segmentation Refinement: In the previous edition of the report, the food emulsifier market, on the basis of type, was segmented into lecithin, mono- & di-glycerides and their derivatives, sorbitan esters, stearoyllactylates, polyglycerol esters, others.

(i)            Addition of subsegment for Lecithin: Two new subsegments of lecithin have been added for a better understanding of the market.

Food emulsifiers market, by type,

Lecithin:

•             Oiled

•             De-Oiled

Additionally, the market numbers for applications are given at the country level, in terms of value

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Coverage of new market players, brand mapping, and micro-quadrants for key players and startups

Company Profiles: Company profiles give a glimpse of the key players in the market, with respect to business overview, financials, product offerings, and recent developments. In the new edition of the report, Tate & Lyle (Ireland)has been profiled, as it has emerged as a key player in recent years due to various strategic investments, agreements, and product launches performed in the food emulsifiers market. These strategic developments have challenged the status quo of industry leaders,and it was prudent to analyze the changing business landscape.Extensive brand mapping with respect to the properties of the food emulsifiers has been carried out in this new version of the report, in the “by brand” chapter. Competitive leadership mapping (Micro-quadrants) of key players (Tier 1 and 2) and start-ups are also added as new segments.

Updated financial information/ product portfolio of players

Newer and improved representation of financial information: The new edition of the report provides updated financial information in the context of food emulsifiers market till 2019/2020 for each listed company in a graphical representation in a single diagram (instead of multiple tables). This would easily help to analyze the present status of the profiled companies, in terms of their financial strength, product portfolio strength, key revenue generating region/country, business segment focus in terms of the highest revenue generating segment, and investment on research and development activities.

Plant-based Protein Market – Insights on Strategies of Key Players

The report Plant-based Protein Market by Type (Isolates, Concentrates, Protein Flour), Application (Protein Beverages, Dairy Alternatives, Meat Alternatives, Protein Bars, Processed Meat, Poultry & Seafood, Bakery Product), Source, and Region – Global Forecast to 2025″, is estimated at USD 18.5 billion in 2019 and is projected to grow at a CAGR of 14.0% from 2019 to 2025, to reach USD 40.6 billion by 2025. Public awareness regarding the increase in obesity levels due to unhealthy food consumption that includes packaged food, fast food, carbonated beverages, cold drinks, and excess consumption of animal meat has led to the demand for plant-based protein products such as protein beverages, protein bars, meat alternatives, and dairy alternatives, thereby driving plant-based food & beverage manufacturers to develop plant protein-based products.

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The pea segment is projected to be the fastest-growing in the plant-based protein market during the forecast period.

Pea protein is gaining popularity among plant-based protein manufacturers at a global level owing to its high protein content, and health benefits offered such as reduced cholesterol and lower blood pressure. Pea, as a source for plant-based protein products, is used in a wide range of food applications that include meat alternatives, beverages, snacks, bakery products, meat applications, and nutritional supplements. Pea offers characteristic advantages of emulsion, process & extrusion stability. It adds texture, taste, and mouthfeel to a variety of food applications, hence experiencing huge demand. Also, the market is driven by the rising demand for plant-based meat and healthy food products. A significant increase in the usage of pea as a key ingredient is being noticed in the plant-based meat industry.

Drivers

•             Rise in Trend of Health and Sustainability

•             Innovations in Terms of Integrating Plant-Based Proteins With Meat and Poultry Products

•             Increase in Cases of Lactose Intolerance and Milk Allergies

•             Growth in Investments in Plant-Based Food Businesses

•             Social Media Trends to Sway More Consumers Toward Plant-Based Proteins

Restraints

•             Allergies Associated With Plant-Based Protein Sources Such as Soy and Wheat

Opportunities

•             Constant Rise in Demand for Food With Organic Ingredients

•             Immense Opportunity in the Need for Alternative Solutions to Meet the Increasing Meat Demand

Challenges

•             Increase in Production of and Adulteration With Genetically Modified (GM) Soybean

•             Unpleasant Flavor of Soy Products

The nutrition supplements segment is projected to record the fastest growth during the forecast period.

Plant-based proteins are beneficial for weight loss, in addition to providing the building blocks for healthy muscles and tissues. The application of plant-based proteins as nutritional supplements is attributed to their high amino acid profile. Plant-based proteins tend to be lower in calories and fat than animal proteins but higher in fiber and essential nutrients. For instance, pea protein is allergen-free, provides iron, helps in muscle recovery, and helps to regulate blood sugar and insulin effect to prevent body fat storage potentially. Thus, pea protein is emerging as a key ingredient in manufacturing nutritional supplements and is growing at the highest CAGR.

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

The North American market for plant-based proteins is the largest due to the increasing awareness for healthy food ingredients and the trend of weight management among consumers. Plant-based proteins are highly versatile and can be used in applications such as meat analogs and meat extenders. According to research conducted by key players in the market and government surveys, it has been recorded that consumers are demanding meat alternatives to reduce their meat consumption. This trend is expected to drive industry growth in the near future.

This report includes a study of marketing and development strategies along with the product portfolios of leading companies in the plant-based protein market. It includes the profiles of leading companies such as ADM (US), DuPont Danisco (US), Ingredion Inc. (US), Burcon NutraScience Corp. (Canada), Axiom Foods (US), and The Scoular Company (US).

Market Leaders in Grain Analysis Market

The grain analysis market is projected to reach 2,323.1 Million by 2022, at a CAGR of 5.8% from 2017 to 2022. The grain analysis market, by equipment, is projected to reach USD 761.7 Million in 2022 during the same period. The market is driven by an increase in the outbreak of foodborne illnesses, globalization in grain trade, and stringent safety and quality regulation for food & feed.

Key players in the grain analysis market include SGS SA (Switzerland), Bureau Veritas SA (France), Intertek Group plc (UK), Eurofins Scientific (Luxembourg), TÜV SÜD (Germany), TÜV Nord Group (Germany), and ALS Limited (Australia). Neogen Corporation (US) and Romer Labs Division Holding GmbH (Austria) are the key market players that provide both services as well as equipment for the grain testing market. Further, Thermo Fisher Scientific, Inc. (US), Shimadzu Corporation (Japan), Waters Corporation (US), and AB Sciex (US) are some key equipment providers in the grain analysis market.

SGS SA (Switzerland) is one of the active players in the grain analysis market; it is involved in inspection, verification, testing, certification, and quality assurance services.  The company offers testing services in the grain analysis market for various contaminants such as mycotoxins, pesticide residues, and pathogens. Moreover, the company has significant R&D centers and adopts techniques as per technology advancements. In addition, the company has strong testing services across the globe with strong presence in US, Germany, UK, France, and India among others; this has enabled it to strengthen its customer base and client base.

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Eurofins Scientific is an international group of laboratories that provide testing and support services to the pharmaceutical, food, environmental, and consumer products industries, as well as to governments. The company adopts strategies such acquisition & expansion to increase its geographic presence. In March 2017, the company acquired a leading food testing lab in Istanbul named, Gözlem Gýda Kontrol ve Araþtýrma Laboratuvarlarý (Turkey) with a view of accelerating the rollout of its capabilities to serve the thriving food & beverage industry in the EMEA region. In 2016, it opened a new 557 square meters food testing facility in Paya Lebar (Singapore). This was expected to help the company to better serve the growing markets in growing markets in The Philippines, Thailand, and Indonesia.Thermo Fisher Scientific offers a complete and integrated portfolio of solutions and services for laboratory research and analysis, healthcare and clinical science, manufacturing, and other fields.  The company operates in over 150 countries across North America, Europe, Asia, and Latin America. It focuses on expansions as its key strategy to develop its networks. In 2015, the company opened a new center called Customer Experience Center (CEC) in Dubai. The center offers training facilities for researchers, educational institutions, healthcare providers, and food & beverage companies.

Market Leaders in Calcium Propionate Market

The market for calcium propionate is estimated at USD 277.1 million in 2018 and is projected to reach USD 363.3 million by 2023, at a CAGR of 5.6%. The calcium propionate market has been segmented on the basis of application, form, and region. On the basis of application, the calcium propionate market has been segmented into food, feed, and others (pharmaceuticals and agriculture). This market has also been segmented on the basis of form into dry and liquid. On the basis of key regions, the calcium propionate market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW), which includes South America and the Middle East & Africa.

The growth of the calcium propionate market is driven by the growing concerns about food and feed safety and shelf life stability which have resulted in the demand for calcium propionate for various food products.

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The growth of the calcium propionate market is driven by factors such as food security, increasing demand for livestock-based products, which translates into the resultant demand for calcium propionate in order to avoid food spoilage and wastage. The high-growth potential in the emerging markets and untapped regions provide new growth opportunities for market players. However, increasing demand for food products devoid of synthetic preservatives and stringent government regulations are expected to restrain the market growth over the next few years.

Market Dynamics

Drivers

•              Functional Potential of Calcium Propionate in New Product Lines

•              Cost-Effective Preservation Solution

•              Increasing Health Concerns of Consumers in the Food Industry

Restraints

•              Increasing Demand for Food Products Devoid of Synthetic Preservatives

•              Stringent Regulations

Opportunities

•              Untapped Emerging Markets

•              Technological Advancements to Develop New Product Lines

•              R&D & Innovations to Strengthen Demand

Challenges

•              Competition From Substitutes

On the basis of application, the feed segment is projected to be the fastest-growing market for calcium propionate. Calcium propionate helps combat microbial pathogens in various feed and raw materials, thereby enhancing the shelf life of feed products. The growth in the usage of calcium propionate for feed preservation is linked to a large extent to its cost-effectiveness as compared to other preservatives such as sodium propionate, sorbic acid, and sorbates.

Based on form, the dry segment is projected to be the larger and faster-growing segment between 2018 and 2023. Dry calcium propionate has more advantages such as ease of mixing and better dispersion throughout the food matrix; additionally, dry calcium propionate does not affect the leavening action of baking powder in bakery products when compared to the liquid form. It is hence used in several applications such as bakery products, frozen desserts, meat processing, and feed.

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Geographical prominence

The Asia Pacific region is projected to be the fastest-growing market for calcium propionate between 2018 and 2023. Asia Pacific presents tremendous opportunities for calcium propionate and its end-use applications. China has emerged as a recent exporter of calcium propionate for the food and feed industry. Factors such as rapid urbanization, high disposable incomes, strong demand for processed foods, coupled with a low cost of production, position China as a strong consumption and production hub.

Rising Demand for Collagen Peptides for Medical Applications Drives the Market

According to MarketsandMarkets, the global collagen peptides market size is estimated to be valued at USD 599million in 2020 and projected to reach USD 795million by 2025, recording a CAGR of 5.8% in terms of value. Due to the growing concerns about health and wellness and the advancement of biotechnology identifying new application areas for collagen peptides, the collagen peptides industry is witnessing growth.

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Collagen is the principle and most abundant protein found in the body. It is responsible for the cohesion, elasticity, and regeneration of connective tissues in the body, including ligaments, tendons, cartilages, and bones. Collagen peptides are derived from collagen hydrolysis of gelatin. They are small bioactive peptides that have high solubility in water at ambient temperatures.The various sources from where collagen peptides are extracted are bovine, porcine, marine, and poultry. The primary source of collagen peptides is bovine. The advancement in biotechnology has opened many areas where collagen peptides can be useful. It is being used in pharmaceutical and biomedical applications. Also, owing to its versatile nature and functional properties, collagen peptide is being used in a wide range of products across multiple industries. Various application areas include dietary supplements, nutritional food products, sports nutrition, cosmetics & personal care products, and medical applications.

In terms of form, the dry form of collagen peptides is used majorly in various industries. The dry form of collagen peptide is available as agglomerated or fine powder. Owing to its quick solubility behavior, it is used across various products. Powdered collagen peptides showcase excellent blending properties, which is why it is increasingly being used in various food applications. These are added to most of the food applications, including coffee, smoothies, dairy products, snacks and confectionery products, among others. The powder form of collagen peptides offers advantages such as no lump formation, dust-free handling, smooth flowability, consistency, no clogging, and excellent storage ability. Owing to these advantages and their properties, these can beused for various applications other than food.

Asia Pacific is projected to witness the fastest growth in the collagen peptides market during the forecast period due to the growing economy, increasing living standards of people, and also technological advancements. The Rest of the World (RoW) collagen peptides market has been growing due to the wide range of applications of collagen peptides as an ingredient in the food & beverage industry.

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PBLeiner, a business segment of Tessenderlo Group (Belgium), expanded its operations by opening a new production facility in Argentina. The new facility will be producing collagen peptides line of products. Also, with the advancement in biotechnology, the companies have identified a new wide range of application areas. One of the major factors contributing to the growth of the collagen peptides market in Asia Pacific is the increasing awareness among consumers regarding health & wellness, a wide range of applications, and a growing economy.

Increasing Consumer Interest Toward Packaged Food With Non-Toxic And Organic Ingredients To Drive The Nisin Market Growth

According to MarketsandMarkets, the global nisin market size is estimated to be valued at USD 443 million in 2020 and is projected to reach USD 553million by 2025, recording a CAGR of 4.5%. The increase in consumption of packed and processed food productsisprojected to drivethe growth of the nisinindustry.

The nisin market is projected to witness significant growth in the near future due to the changing lifestyles of consumers all across the globe. The growth in household income, consumer demand for better food quality and organic food products, and the rise in awareness regarding healthy diet are the major factors that have led to a surge in demand for nisin in the market. The demand for nisin is substantial in developed regions, such as North America and Europe, andincreasing in other developing regions such as Asia Pacific. The demand for nisin is projected to grow in the coming years. This rise in consumer trends has led to high growth potential for the manufacturers of canned and processed food products,which is projected to drive the growth of the organic preservatives market.

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The dairy products segment is projected to be a dominant and the fastest-growing in the nisin market. Dairy products are sensitive to thermal treatment. Therefore non-thermal treatments are gaining increased interest in the food industry due to their capability of assuring quality and safety of food products such as nisin. Nisin is an antimicrobial peptide, which is considered safe as they can be easily degraded by proteolytic enzymes of the mammalian gastrointestinal tract.

The Asia Pacific nisin marketis projected to witness the highest growth potential in the coming years. A large consumer market and an increase in disposable income in India and China areprojected to drive the demand for easily digestible and non-toxic ingredients. In addition, Chinais the manufacturing hub of nisinand has sufficient manufacturing plants to cater toregional and international demands. Moreover, urbanization in countries, such as India and China,is projected to increase, due to which the nisin market in Southeast Asia is projected to witness significant growth during the forecast period.

Growth in demand for pea starch from various end-use industries drives the market

Pea starch is a by-product of pea protein extraction and a rich source of amylose. It is mainly available as a by-product of protein extraction; therefore, it is considered to be a relatively inexpensive source of starch as compared to corn, wheat, and potato starches. Nativepea starchis extracted from yellowpeas. Peastarchis a non-GMO, clean label ingredient providing gluten-free, allergen-free, low-calorie, low-fat solutions.

MarketsandMarkets projects that the pea starch market is projected to grow from USD136million in 2020 to USD192million by 2025, recording a compound annual growth rate (CAGR) of 7.0% during the forecast period.The rise inconsumption of clean label convenience, feed, and pet food products across regions and the increase in demand for gluten-free food productsare the key factors that are projected to drive the growth of the pea starch market. However, the decrease in the production of dry peas, resulting in fluctuation of raw material for the production of pea starch, is a major factorinhibiting the market growth.

The demand for clean label, high-quality pet food products among the pet owners globally is rising. The increasing pet humanization trend around the world is resulting in the growing demand of high-quality, nutritional food for pets among pet owners. This is projected to create growth opportunities for players in the pea starch market.

The organicsegment is projected to grow at a faster rate during the forecast period due to the increase in health-conscious consumers and the rise in awareness about the health benefits of organic products among consumers, which is further projected to encourage food manufacturing companies to use organicpea starch in their products.

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The food& beverages segment is projected to dominate the pea starch market during the forecast period. The demand for pea starch in convenience food products and an increase in the inclination of consumers toward gluten-free productsis projected to drive the usage of pea starch in food products as a gluten-free solution and to enhance the texture and quality of food products.

In terms ofgeographical coverage, the pea starchmarketis segmented into fiveregions, namely, North America, Europe, Asia Pacific,South America,and Rest of the World (RoW). Asia Pacific is projected to dominate the marketduring the forecast period, as Asia is among the largest pea processing regions in the world.The demand for natural ingredients and clean-label food is increasing considerably in this region. Also, the level of investment in the food & beverage industry in Asia and the Pacific regions has increased over the past quarter-century, especially in China, contributing to its rapid economic growth.

Acquisitions, Partnerships, and Expansions Were Some of the Major Strategies Adopted by the Leading Players in the Botanical Extracts Market

The global botanical extracts market is projected to reach USD 6.03 Billion by 2022, in terms of value, at a CAGR of 9.0% from 2017. Botanical extracts are widely used ingredients in food & beverage applications, owing to their enhanced organoleptic characteristics and improved nutritional profile.

The key players in the botanical extracts market include Frutarom Ltd. (Israel), Döhler GmbH (Germany), Kalsec Inc. (U.S.), and Synergy Flavors (U.S.). Other players include MB-Holding GmbH & Co. KG (Germany), Prinova Group LLC (U.S.), and Haldin Natural (Indonesia).

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Acquisitions, partnerships, and expansions were some of the major strategies adopted by the leading players in the botanical extracts market; these strategies were adopted by the players to increase their market presence. They also helped the players to expand their businesses geographically, strengthen their distribution networks, and enhance their product portfolios. Market leaders such as Frutarom Ltd (Israel) and Synergy Flavors (U.S.), successfully tapped the potential markets through acquisitions, expansions, and partnerships.

Frutarom Ltd (Israel) is a leader in the global botanical extracts market. The company operates in more than 150 countries through its 57 production facilities in Israel, New Zealand, and countries of Europe, North America, South America, Asia, and Africa. The company produces a wide range of natural flavor extracts from a large variety of botanical sources, which include plant leaves, stems, roots, fruits, and seeds. The main end users of these extracts are food and beverage industries. The company has three facilities, one each in the U.S., the U.K., and Switzerland, which are focused on extractions from botanical sources. The company adopted acquisition as one of its major strategies, to expand its product portfolio in the botanical extracts market. Frutarom tapped local players to expand its presence globally. For instance, in October 2016, Frutarom acquired Nardi Aromas Ltda (Brazil), in order to expand its presence in the South American market.

Döhler GmbH (Germany) provides a wide range of tea and spice extracts. The company provides a separate line of botanical extracts specific to the African market. These extracts are used by the food & beverage industry. Döhler has presence in over 130 countries worldwide and distributes its products in countries of North America, Africa, and Asia. The company adopted acquisition as one of its major strategy to expand its presence on a geographical front. For instance, in July 2016, Döhler acquired Teawolf, Inc. (U.S.), to expand its presence in the U.S. market.

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In 2017, North America is estimated to account for a significant share in the global botanical extracts market, while Europe is projected to grow at the highest CAGR during the forecast period. The increase in consumer awareness regarding the benefits of consumption of food & beverages that include botanical extracts, without compromising on the flavor of the products has broadened base for botanical extracts in the region. The European market is driven by shifting consumer preferences toward natural products and healthy lifestyles.