Technological Advancements and Wide Industry Scope to Drive the Dietary Fibers Market Growth

According to MarketsandMarkets, the dietary fibers market is estimated to be valued at USD 5.3billion in 2020 and is projected to reach USD 9.6billion by 2025, recording a CAGR of 12.5% in terms of value. Due to thegrowth in the vegan population and alignment of consumers toward healthy lifestyles is going to drive the market.

There are various sources of dietary fibers such as fruits & vegetables, cereals & grains, legumes, and nuts and seeds. The extraction process is different for different sources. Fruit, vegetables, dried beans, and peas are known to have soluble dietary fibers, whereas the majority of whole grains are known to have insoluble fibers. Dietary fiber is the part of the plant that is indigestible by gastrointestinal enzymes. It is beneficial for digestive health. The regular use of dietary fibers either in raw form through fruits, vegetables, and grains or through supplements seems to reduce and prevent health problems such as constipation, high cholesterol level and blood sugar, and various other cardiovascular diseases.

Based on application, there are various supplements and nutraceutical options available for dietary fibers. The dietary fibers are carbohydrate polysaccharides that, when ingested, are not fully digestible through the gastrointestinal enzymes, therefore absorbing water and ferment, which leads to the growth of beneficial bacteria in the intestine. This is advantageous for building immunity and for smooth bowel movements. The intake of fibers in diet either in food or supplement form has been associated with a positive impact on several gastrointestinal disorders such as duodenal ulcers, appendicitis, constipation, and colon cancer.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=858

By type, water-soluble dietary fibers form one of the crucial types. It consists of inulin, pectin, polydextrose, beta-glucan, fructooligosaccharides, galactooligosaccharides, and corn fiber. It delays gastric emptying and regulates blood sugar level; it lowers the cholesterol level as well. Its main role is in increasing the viscosity of gut content and colonic fermentation.

Asia Pacific is projected to witness the fastest growth in the dietary fibers market during the forecast period due to the globalization of business and technological innovations. The Rest of the World (RoW)dietary fibers market has been growing due to advancements in various industrial applications and a rise in demand in developed countries. Many players such as Lonza (Switzerland), Cargill (US), and Nexira (France) are looking toward the Asia Pacific market to capture the untapped potential and to expand their market share. One of the primary factors contributing to the growth of the dietary fibers market in the Asia Pacific and Rest of the World (RoW)regions is the increase in population in this region, which is driving the growth of the food & beverages, feed, textiles & leather, and pulp & paperindustries.These are the main factors driving the market growth for dietary fibers in Asia Pacific.

Hydrocolloids Market Size, Share, system, Analysis and Forecast to 2023

The hydrocolloids market is estimated to be valued at USD 8.4 billion in 2018 and is projected to reach USD 11.4 billion by 2023, at a CAGR of 5.3% during the forecast period. The growth of the hydrocolloids market is driven by factors such as the expansion of the processed food industry due to the increasing demand for convenience foods in regions such as the Asia Pacific, South America, and the Middle East & African. Apart from this, manufacturers are engaged in R&D to offer high-quality hydrocolloids due to its multi-functionality in the food industry.

Key Players:

•             DowDupont (US)

•             Ingredion (US)

•             Cargill (US)

•             Kerry (Ireland)

•             Archer Daniels Midland Company (US)

•             Palsgaard (Denmark)

•             Darling Ingredients (US)

Request for Customization of the Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=1231

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

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

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

Geographic Prominence:

North America is the fastest-growing market for hydrocolloids and is projected to record the highest CAGR during the forecast period. The North American market is completely driven by the US, which accounted for nearly 84.0% of the market share in 2017. The US has a large market for bakery, confectionery, convenience food, and packaged food products; hence, it constitutes a major share in the market. Consumers in the US are calorie-conscious, due to which low-calorie and low-fat foods are popular in the country. The increasing prevalence of obesity and cardiac diseases have led to an increasing demand for natural and low-calorie food products among consumers. Food manufacturers are therefore concentrating on the application of natural hydrocolloids and their functions as fat replacers.Speak to Analyst:https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1231

Pea Starch Market worth $192 million by 2025

The report Pea Starch Market by Grade (Food, Feed, and Industrial), Application (Food & Beverages, Feed, Pet Food, and Industrial), Function (Binding & Thickening, Gelling, and Texturizing), Source (Organic and Inorganic), and Region – Global Forecast to 2025″ The pea starch market is projected to grow from USD 136 million in 2020 to USD 192 million by 2025, recording a compound annual growth rate (CAGR) of 7.0% during the forecast period. The major factors driving the growth of the pea starch market include the rise in the consumption of clean label convenience products, the increase in demand for gluten-free products among consumers, and the growth of economies that enable high acceptance of these products.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=78961382

The food segment is projected to account for the largest share in the pea starch market, followed by the feed segment during the forecast period.

Pea starch provides a gluten-free, allergen-free, low-calorie, low-fat solution to food manufacturers. It also helps in enhancing the texture, consistency, and quality of food products. Moreover, the trends of clean label and gluten-free products are increasing. These trends are projected to favor the growth of pea starch market.

The inorganic segment is projected to account for a larger share in the pea starch market during the forecast period.

The inorganic segment is projected to dominate the market during the forecast period due to its low cost, easy processing, which are appealing for manufacturers of paper, textile, and biotechnological applications. They are also of the same quality as organic pea starch. However, the substitution by organic pea starch in food applications, owing to the increasing consumer awareness about the health benefits of organic products, may hinder the growth of the segment in the upcoming years as consumers are becoming increasingly health-conscious.

Request for Sample Report Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=78961382

The Asia Pacific region is projected to be the fastest-growing market for pea starch during the forecast period.

The Asia Pacific region is projected to be the fastest-growing market for pea starch during the forecast period. Asia is among the largest pea processing regions in the world. The growing disposable incomes and appetites for convenience and comfort in a fast-paced, urbanized world have caused a serious growth in the consumption of processed food products. This will lead to the growth of the pea starch market in the region as pea starch helps in enhancing the quality of processed food products.

Key players in the global pea starch market include Emsland Group (Germany), Ingredion Incorporated (US), Cosucra Groupe Warconing (Belgium), Roquette Frères (France), Axiom Foods (US), and Yantai Shuangta Food (China). These players have broad industry coverage and high operational and financial strength.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Rising Demand of Consumption of Premium Food & Beverage Products is Expected to Drive the Hydrocolloids Market

The hydrocolloids market is estimated to be valued at USD 8.4 billion in 2018 and is projected to reach USD 11.4 billion by 2023, at a CAGR of 5.3% during the forecast period. The growth of the hydrocolloids market is driven by factors such as the expansion of the processed food industry due to the increasing demand for convenience foods in regions such as the Asia Pacific, South America, and the Middle East & African. Apart from this, manufacturers are engaged in R&D to offer high-quality hydrocolloids due to its multi-functionality in the food industry.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1231

Key Players:

  • DowDupont (US)
  • Ingredion (US)
  • Cargill (US)
  • Kerry (Ireland)
  • Archer Daniels Midland Company (US)
  • Palsgaard (Denmark)
  • Darling Ingredients (US)
  • CP Kelco (US), Ashland (US)
  • BASF (Germany)
  • Tate & Lyle (UK)
  • Glanbia (Ireland)

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

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

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1231

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

Geographical Prominence:

North America is the fastest-growing market for hydrocolloids and is projected to record the highest CAGR during the forecast period. The North American market is completely driven by the US, which accounted for nearly 84.0% of the market share in 2017. The US has a large market for bakery, confectionery, convenience food, and packaged food products; hence, it constitutes a major share in the market. Consumers in the US are calorie-conscious, due to which low-calorie and low-fat foods are popular in the country. The increasing prevalence of obesity and cardiac diseases have led to an increasing demand for natural and low-calorie food products among consumers. Food manufacturers are therefore concentrating on the application of natural hydrocolloids and their functions as fat replacers.

Specialty Enzymes Market worth $6.6 billion by 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. Due to the rise in demand for non-harmful biological catalysts in pharmaceuticals & diagnostics and advancement tools to optimize pharmaceutical production, specialty enzymes market has been boosting. These factors are projected to drive the growth for the specialty enzymesmarket during the forecast period.

Enzymes play an important role as a biological catalyst in the processing for several applications such as pharmaceutical, research &biotechnology, and diagnostics. In addition, enzymes are increasingly used as a substitute for chemical catalysts, which is significantly contributing to the growth of the specialty enzymesmarket.Developments such as protein engineering and genetic engineering provide scope for research & development in enzymes. The research and development activities help the industry to innovate products and meet the demand of industries by increasing production.In addition, biotechnology will help in increasing the efficiency of enzyme production and enhance its properties.Along with this, the increase in demand for diagnostics for the treatment of various chronic diseases is also contributing to the growth of the specialty enzymes market. Enzymes, such as polymerases & nucleases and carbohydrases, are used for the production of pharmaceuticals.

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

In terms of type, the polymerases & nucleases segmenthas shown significant growth in the market due to its wide range of usesacross various applications.The core structure and properties of polymerases are highly conserved through evolutions, as they function in coordination with several other proteins in order to synthesize nucleic acids in an accurate, efficient, and well-regulated manner. The ability of specialty enzymes to catalyze chemical reactions and increase its applications hascontributed to the growth of the specialty 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 specialty enzymes market, while the use of specialty enzymes in pharmaceuticals is increasing for the production of drugs.

Asia Pacific is projected to witness the fastest growth in the specialty 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 specialty applications and a rise in demand in developed countries. Novozymes (Denmark) expands its research &development facilities in Brazil that would focus on biotechnology-based innovations and developments in new enzyme product offerings. In addition, enzymes are being used increasingly to optimize the pharmaceutical 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 in this region, which is driving the growth of the pharmaceutical and diagnostics industries.These factors are the major factors driving the market growth for enzymes in the Asia Pacific and Rest of the World (RoW) region for specialty applications.

GrainCorp (Australia) , Groupe Soufflet (France) and Boortmalt (Belgium) are the Major Player in the Malt Extracts and Ingredients Market

The malt extracts and ingredients market size is estimated to be valued at USD 17.6 billion in 2020 and is projected to reach USD 20.4 billion by 2025, recording a CAGR of 3.0% during the forecast period. The increase in the demand for beer has majorly been driving the market for malt extracts and ingredients. Factors such as their use as a sweetening agent and their ability to raise and soften the dough have propelled their use in various applications in the food & beverage industry.

The key players in this market include GrainCorp (Australia), Malteurop (France), Rahr Corporation (US), Boortmalt (Belgium), and Groupe Soufflet (France). New product launches, expansions & investments, and partnerships were some of the core strengths of the leading players in the malt extracts and ingredients market. These strategies were adopted by the key players to increase their market presence. It also helped them diversify their businesses geographically, strengthen their distribution networks, and enhance their product portfolios. Some of the other players in the malt extracts and ingredients market are Maltproducts (US), Maltexco (Chile), Holland Malt (Netherlands), Barmalt (India), IREKS (Germany), Muntons PLC (US), Simpsons (UK), Viking Malt (Finland), Agraria (Argentina), Puremalt (Scotland), Cerex (The Netherlands), EDME Ltd. (England) Imperial Malt(India), Diastatische Producten (The Netherland), and Laihian Mallas (Finland).

To know about the assumptions considered for the study download the pdf brochure

GrainCorp (Australia) is one of the major players in the global malt extracts and ingredients market. It is one of the leading manufacturers of malt extracts and ingredients globally. It operates in almost all the major markets through various agreements and subsidiaries. With the increase in the craft brewery, the demand for specialty malt has increased. GrainCorp provides a variety of specialty malt extracts and ingredients of premium quality to cater to the needs of craft brewers and microbreweries.

Groupe Soufflet (France) is another major player in the malt extracts and ingredients market. It is primarily engaged in the production and distribution of malt extracts and ingredients globally. It is based out of France, having eight maltries in the country. The organization is constantly working on expanding its capacity and on meeting the increased demand from all across the globe. To expand its production capacity and capture the market in East Africa, Soufflet established a malthouse in Ethiopia. Through this strategy, the company aimed at developing the regional industry.

Boortmalt (Belgium), a subsidiary of Axereal, is one of the leading players in the market. They mainly produce and distribute malt-based products in Europe as well as all across other geographies, as well.  It is continuously working on expanding its capacity and market share via different strategies such as expansions, acquisitions, and investments. Axereal, on behalf of Boortmalt, recently acquired the malt business of Cargill (US). Apart from this, they have established a malting tower in Belgium, which provides an important global presence to Boortmalt.

Related Reports:

Malt Extracts and Ingredients Market by Product (Extracts and Ingredients), Source (Soy, Wheat, and Rye), Grade (Standard malt and Specialty malt), Application (Beverages, Food, and Pharmaceuticals), Form (Dry and Liquid), Region – Global Forecast to 2025

Cargill (US) and ADM (US) are the Key Players in the Lecithin & Phospholipids Market

The global lecithin market was valued at USD 1.15 billion in 2018 and is projected to reach USD 1.59 billion by 2023, at a CAGR of 6.7% during the forecast period. The global phospholipids market was valued at USD 3.23 billion in 2018 and is projected to reach USD 4.36 billion by 2023, at a CAGR of 6.2% during the forecast period. The lecithin market is driven by the growing feed industry and increasing demand from the confectionery products, bakery products, and convenience food industry due to its multifunctional and natural origin. The phospholipids market is driven by the growing trend of natural ingredient consumption in the emerging economies of Asia Pacific and South America, owing to the growing sale of dietary supplements and cosmetic products in these regions.

The key players in the lecithin & phospholipids market include Cargill (US), ADM (US), Stern Wywiol Gruppe (Germany), DowDuPont (US), and Bunge (US). Other players include Lipoid (Germany), Wilmar International (Singapore), Sonic Biochem Extractions (India), Avanti Lipids Polar (US), Lecico (Germany), VAV Life Sciences (India), Sodrugestvo (Luxembourg), Kewpie Corporation (Japan), Sojaprotein (Serbia), American Lecithin Company (US), Sime Darby Unimills, Lecital (Austria), and Lasenor Emul (Spain).

To know about the assumptions considered for the study download the pdf brochure

The key market players adopted growth strategies such as new product launches, expansions, mergers, and acquisitions to cater to the increasing demand for lecithin & phospholipids. For instance, companies such as Cargill and Stern-Wywiol Gruppe are focusing on expanding their product portfolios to strengthen their presence in the lecithin market. Some key companies also adopted acquisitions as a strategy to increase their consumer base in various geographies. For instance, in 2014, ADM acquired WILD Flavors GmbH and expanded its product portfolio in the lecithin space.

Cargill, one of the global leaders in the lecithin & phospholipids market, offers lecithin for various applications such as bakery products, confectionary products, convenience foods, dairy products, and meat & fish. The company is also active in the de-oiled, fluid, and modified lecithin. Furthermore, the company provides phospholipids under its brand, Epikuron, used in the pharmaceuticals and nutrition & supplements sectors. Apart from this, the company is one of the few players that provide industrial lecithin for the paints, inks, paper coatings, and leather & textile industries. The company adopted new product launches as one of its key strategies to increase its market presence in the lecithin area. For instance, in 2018, the company launched de-oiled non-GMO lecithin for consumers in Europe, amidst increasing demand for natural ingredients among consumers here.

ADM is also a key manufacturer of lecithin & phospholipids for the food, feed, and human nutrition applications. The company’s lecithin products are used in a wide variety of food applications such as bakery products, confectionery products, and convenience foods. The company also offers phospholipids under the brands, Ultralec and Capsulec. The company has a strong presence in the US market. It has adopted the expansion strategy to gain a share in the lecithin market space. In 2014, the company expanded the production capacity of non-GMO lecithin in Latur (India) and added rapeseed processing capabilities to its existing facility in Hamburg (Germany), owing to increased demand for non-GMO lecithin among consumers at a global level.

Omega-3 Market worth $8.5 billion by 2025

The global omega-3 market size is estimated to be valued at USD 4.1 billion in 2019 and is projected to be worth USD 8.5 billion by 2025, recording a CAGR of 13.1% during the forecast period. The growing demand for food fortification, increase in application profiling, and innovative product technologies shall drive the growth of the global omega-3 market over the next few years. Due to the increasing trend of mother and infant nutrition products, consumption of omega-3 fatty acids improve the performance. The omega-3 market is projected to record significant growth during the forecast period. In addition, due to the rise in health awareness among consumers, omega-3-based dietary supplement products are projected to witness high demand in the market.

The key players in this market include Cargill (US), BASF (Germany), DSM (Netherlands), Croda International (UK), and Epax (Norway). New product and technology launches, expansions & investments, agreements, and partnerships were some of the core strengths of the leading players in the omega-3 market. These strategies were adopted by the key players to increase their market presence. It also helped them diversify their businesses geographically, strengthen their distribution networks, and enhance their product portfolios. Some of the other players in the omega-3 market include Lonza (Switzerland), Orkla Health (Norway), Corbion (Netherlands), KD Pharma (Germany), GC Rieber (Norway), Guangdong Runke Bioengineering (China), Nordic Naturals (US), Golden Omega (Chile), Biosearch Life (Spain), Pharma Marine (Norway), Polaris (France), Sinomega (China), Kinomega (China), and Huatai Biopharm (China).

To know about the assumptions considered for the study download the pdf brochure

DSM (Netherlands) is one of the major players in the global omega-3 market. DSM is a Dutch company that is involved in the manufacture of nutritional products, pharmaceutical ingredients, and industrial chemicals. The company is actively providing solutions in the fields of nutrition and health. To expand its business, the primary strategy opted by the company is to launch new products, partnerships, investments, and joint ventures. DSM launched Life’s Omega is an algae-based vegetarian capsule that offers both EPA and DHA and is a natural source for omega-3. This product aided in sustaining the marine ecosystems.

Epax (Norway) is one of the major players in the omega-3 market. It is one of the global leaders in providing omega-3 concentrates, which are highly purified and of high quality. The company’s line of business includes omega-3 concentrates in different concentrations and EPA: DHA ratios. Epax announced to invest USD 35 million over the next two years for the innovation of its omega-3 sector. This investment will allow Epax to have better capacity in the omega-3 industry, at its main site of production in Norway. It will facilitate the extended concentration of EPA and DHA without prompting oxidation, which will ultimately avoid unwanted by-products.

The omega-3 market in Asia Pacific is projected to witness high growth due to rising awareness about its health benefits and increasing disposable income of the population in the Asia Pacific countries. With the growing inclination toward healthy aging in the region, the adult population prefers consuming dietary supplements, including omega-3, as per the recommendations by the Global Organization for EPA & DHA Omega-3 (GOED). Moreover, in Asia Pacific countries, the governments are also focusing on and promoting fortified foods, and many big brands such as BASF (Germany) and Croda International (UK) have expanded their operations in these countries to cater to the growing demand for omega-3. Key manufacturers prefer expanding in the Asia Pacific region, as it provides cost-effective benefits during production and processing. The high demand for omega-3 and low cost of production are the major factors that are projected to encourage suppliers and manufacturers to invest in this market. In addition, Asia Pacific has the highest growth potential due to factors such as high economic growth and the increase in income of individuals in the region. The high population growth and increase in FDI are factors that are driving the growth of the omega-3 market.

This report includes a study on the marketing and development strategies, as well as the product portfolios of the leading companies operating in the omega-3 market. It includes the profiles of leading companies such as Epax (Norway), Croda International (UK), Golden Omega (Chile), GC Rieber (Norway), Cargill (US), DSM (Netherlands), BASF (Germany), Lonza (Switzerland), KD Pharma (Germany), and Pharma Marine (Norway).

Key Opportunities and Challenges in Functional Food Ingredients Market

The functional food ingredients market is estimated to be valued at USD 68.60 billion in 2018 and is projected to reach USD 94.21 billion by 2024, at a CAGR of 6.6%. Functional food ingredients are those ingredients which have been demonstrated to have specific physiological benefits, apart from the main nutritional benefits that are derived from food & beverages. The usage of functional food ingredients in the manufacturing of functional food & beverage products is expected to provide nutritive health benefits, prevent/resist chronic diseases, or act as energy boosters. The market is driven by the increasing consumption of nutritive convenience food and fortified food and growing health awareness among consumers leading to increased consumption of healthier diets.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=9242020

Key Players:

  • DowDuPont (US)
  • ADM (US)
  • Arla Foods (Denmark)
  • BASF (Germany)
  • Cargill (US)
  • Chr. Hansen (Denmark)
  • DSM (Netherlands)
  • ABF (UK)

Cargill is one of the market leaders for functional food ingredients. Although primarily focused on the North American market, the company has expanded its protein production capacities in Nashville, Tennessee, US. It supplies its products across the globe, catering to the business needs of clients in 70 countries. The company mainly focuses on achieving growth through expansions and new product launches in domestic as well as overseas markets. For instance, in November 2017, it invested USD 240 million in India, thereby enhancing the company’s market access in the Indian functional food ingredients market.

Archer Daniels Midland Company offers functional food ingredients through its Wild Flavors and Specialty Ingredients segment. It offers a wide range of products in the functional food ingredients market. The company majorly focuses on growth strategies such as mergers and acquisitions to increase its market reach in the global functional food ingredients market. For instance, in November 2017, the company expanded its product portfolio by introducing Nutriance, a new range of innovative wheat protein concentrates, which finds applications in sports nutrition and senior nutrition products.

The food segment is projected to be larger & faster-growing during the forecast period

The food segment is projected to be faster-growing, by application, during the forecast period. The market for functional food is increasing as consumers prefer balanced diets and food that not only takes care of their appetite but also helps enhance their immunity. This, along with product innovations in terms of flavors and variant offerings, presents significant opportunities for the growth of applications in the functional food ingredients market. Factors that are further fueling consumer interest in functional foods are the rapid advances in science & technology, increase in health care costs, aging, and growth in interest in attaining wellness through diet.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=9242020

The natural segment set to dominate the market by 2023

The functional food ingredients market, by source, is projected to be dominated by the natural segment during the forecast period. Functional food ingredients, in their natural form, are widely used due to growing consumer demand for natural ingredients; the growing awareness about the health benefits associated with ingredients sourced from natural sources is driving the growth of the natural segment over the synthetic one.

South America is projected to be the fastest-growing market during the forecast period

The South American market is projected to grow at the highest CAGR from 2018 to 2023. The region displays a variety of different demographic and developmental trends; the common regional trends that are expected to help drive market growth include rapid urbanization and increased life expectancy, the high occurrence of obesity and malnutrition, rise in incidences of chronic diseases, and mortality rates. All these factors have further propelled consumers to move toward increased adoption of healthier products.

Market Leader – GMO Testing Market

Key players identified in the GMO testing market include 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), and Bio-Rad Laboratories, Inc. (U.S.). Other players such as ALS Limited (Australia), Mérieux NutriSciences Corporation (U.S.), AsureQuality (New Zealand), Romer Labs Diagnostic GmbH (Austria), and Microbac Laboratories, Inc. (U.S.) also have a strong presence in the global market.

The key market players adopted strategies such as expansions & investments, acquisitions, new product services & technology launches, and agreements, collaborations, and partnerships to meet the growing demand for safety testing for GM foods. Companies largely adopted strategies such as expansions and investments to expand their facilities and production capacities, to increase their capital, and to cater to the needs of the industry. Leading players have also been focusing on strengthening their strategic positions by implementing new technology and service development as a strategy to discover new advanced processes in the areas of food testing.

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

The core strength of the key players in this market is the ability to improve their service capabilities for GM food safety testing and to create a strong geographical network and supply chain. They are strategically located, and have entered into distribution agreements with regional players to ensure a cost-effective efficient supply chain. Market leaders such as Eurofins Scientific SE (Luxembourg), Genetic ID NA, Inc. (U.S.), Intertek Group Plc (U.K.), and Romers Lab Inc. (U.S.) have successfully tapped various markets such as the U.S., China, Germany, Brazil, and Argentina, through expansions and acquisitions, as these countries are active in the international trade of GM crops and foods.

In December 2016, Eurofins expanded its network by widening its presence in Asia. It developed a new team which operates in the Philippines. This expansion was strategized to cover the market of Vietnam and Indonesia along with the Philippines. This facility offered various services including food & feed testing. In June 2016, Eurofins Scientific acquired Agro-Analyses SAS (France). This acquisition would help to strengthen its leadership in the French food testing market, mainly in the area of food quality and safety assessment.

In November 2015, IFP (Institut fur Produktqualitat GmbH) (Germany) expanded its activities in the field of GMO detection in food and feed. It is listed as a GMO laboratory by the U.S. Non-GMO Project and by the German VLOG (Association Food without Genetic Engineering). As a manufacturer of GMO-free products, the company is able to target the U.S. market.