Emerging Economies of Asia Pacific and South America to Witness High Growth in Omega-3 Market

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 global market is projected to witness significant growth due to factors such as the increase in the dietary supplement consumption and that of functional food & beverage, which encourages the production process and rise in the awareness of consumers associated with preventive healthcare across the globe.This has promoted the growth ofthe omega-3 market in China, India, Japan, and Australia.

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Significant developments that can change the business landscape as well as market forecasts

The share of the source segmentation was calculated based on the share of the type segmentation. ALA is mainly found in plant oils; however, some part of it comes from the marine sources. Whereas, EPA and DHA are obtained from marine sources only.

The growing number of omega-3 manufacturers in the US and the largest number of existing companies in the country are factors considered for the higher CAGR of the country in the market.

The falling supply of fish stocks and lack of aquaculture management due to sustainability issues have made manufacturers shift to plant alternatives. Due to this reason, the plant source segment is growing at a relatively higher rate.

A majority of the infant and mother nutrition products in the US are now DHA-fortified. Due to this reason, the market for infant formula and DHA are growing at a higher rate in the country.

The rising number of health concerns among the various age groups across the world has resulted in an increasing demand for omega-3 supplements that target specific ailments, which, in turn, drive the market. Recent launches and research in infant and mother nutrition products for infant brain development have resulted in high usage of DHA in these products, which has significantly affected market growth.

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

Type(with more scope): In the previous edition of the report, theomega-3market, on the basis of type, was segmented as follows:

Marine sources
- Fish oil
- Algal oil
- Krill oil
- Other marine oils
Plant sources
- Flaxseed oil
- Chia seed oil
- Other plant sources

In the latest edition, market sizing and forecasting are provided for the following segmentation:

Marine sources
- Fish oil
- Algal oil
- Krill oil
- Other marine oils
Plant sources
- Nuts & seeds
- Vegetable oils

Coverage of new market players, change in the market ranking of existing players

Company Profiles: Company profiles offer 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, a few additional players have been profiled—Epax (Norway), Golden Omega (Chile), Kinomega (China), Sinomega (China), BASF (Germany), Lonza (Switzerland), Huatai Biopharm (China), KD Pharma (Germany), Runke Bioengineering (China), Nordic Naturals (US), Algisys (US), Biosearch Life (Spain), and Corbion (Netherlands).

These players have emerged as key players in recent years, due to various strategic investments, acquisitions, and product launches in emerging markets of omega-3. These strategic developments have challenged the status quo of the industry leaders, and it was prudent to analyze the changing business landscape.

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Case Studies/Commercialization of Concepts/New Use Cases

Use of spray drying technology is cost-effective over emulsion-based technologies for microencapsulation of omega-3 fatty acids. Several market players are expanding their portfolios into microencapsulated omega-3 products to achieve future revenue mix. Here are a few instances:
- Skuny Bioscience (China) has launched microencapsulated powder of omega-3 under the brand name, Megafullife,which is produced from plant-based sources.
- Functional Mikron (Brazil) has launched microencapsulated powder of omega-3 in order to achieve higher bioavailability in the products.
In 2016, the Marine Ingredients Organization published a report stating that the fishing of anchovy is reduced due to the feed and fish stock management. Due to this, fish oil production is reducing at the rate of 900/800,000 metric tons per year.

These studies are considered as new use cases, which are influencing the growth rate of theomega-3market significantly.

New data points/analysis(frameworks) that were not present in the previous version of the report

During the production cycle of the report, in-depth interviews were conducted with various primary respondents, which include key opinion leaders, subject matter experts, directors, and C-level executives of the demand-side and supply-side stakeholders of the omega-3 market, to obtain and verify critical qualitative and quantitative information. This primary data was collected mainly through questionnaires, emails, and telephonic interviews.
The recent developments of the top 39 players offering omega-3were mapped in the new edition of the report, to understand and forecast future growth trends.
Comprehensive analysis of market dynamics such as drivers, restraints, opportunities, and challenges was also added to this report.
Regulatory data is provided in this version of report.
Fish oil production data for various countries is also provided in the current version of the report.

Soil Aerators Market Emerging Trends, Growth and Opportunities to 2023

The soil aerators market is estimated to be valued at USD 24.03 billion in 2018 and is projected to reach 33.01 billion by 2023, at a CAGR of 6.6% from 2018. The market is driven by the shrinking arable land, population growth &increase in demand for food, increase in net farm income due to mechanization, and a shift toward organic farming. Small and fragmented land holding restricting the usage of heavy farm equipmentis the major restraint for the growth of this market.

Secondary tillage segment projected to grow at the highest CAGR

The secondary tillage segment is estimated to dominate the market for soil aerators in 2018.It is also projected to grow at the highest CAGR during the forecast period. Improving the seedbed by finer crushing of the soil, conserving moisture &reducing evaporation, cutting crop residues &destroying weeds, and breaking soil lumps, and firming the top soil so that the seedbed is in a better condition for seeding and germinationhas been propelling the importance of soil aerators;this,in turn, is driving the market for soil aerators.

Asia Pacificset to lead thesoil aerators market with the largest share

The Asia Pacific market is estimated to be the largest in 2018, owing to the rising urbanization and standard of living, an increase in footfall, overgrazing by livestock, the pressure exerted by heavy equipment, climatic conditions, strong government support through subsidies, and increased productivity requirements. The major factors driving the Asia Pacific market for soil aerators are the growth in farm mechanization levels, for both, the agricultural and non-agricultural sector, and reduced cost of production.The Asia Pacific market is projected to grow atthe highestCAGR from 2018 to 2023 and is driven by China, Japan, India,and Australia.

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Key soil aerating service providing players include the following:

Deere & Company (US)
Alamo (US)
AGCO Corporation (US)
CNH Industrial (UK)
Mahindra & Mahindra (India)
Bucher Industry (Switzerland)
Buhler Group (India)
Evers Agro (Netherlands)

The key players in the soil aerators market adopted acquisitions as their key growth strategy to increase their market share and profits. Expansions and investmentswasthe second most important growth strategy to be adopted by market players.

Research Coverage

The report analyzes the soil aerators market across different types of equipment and regions. It aims at estimating the market size and future growth potential of this market across different segments such as mechanism, mode of operation, application,and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, recent developments, and key market strategies.

Reasons to buy this report:

To get a comprehensive overview of the global soil aerators market
To gain wide-ranging information about the top players in this industry, their service portfolios, and key strategies adopted by them
To gain insights of the major countries/regions in which the soil aerators market is flourishing

Gelatin Market– This is How COVID-19 is Impacting Global Industry

The ongoing COVID-19 pandemic—and the worldwide reaction to it—has compelled companies to radically rethink their strategies and the way they operate. We salute the industry experts helping companies survive and sustain in this pandemic.

At MarketsandMarkets™, analysts are undertaking continuous efforts to provide analysis of the COVID-19 impact on the Gelatin Market. We are working diligently to help companies take rapid decisions by studying:

The impact of COVID-19 on the Gelatin Market, including growth/decline in product type/use cases due to the cascaded impact of COVID-19 on the extended ecosystem of the market
The rapid shifts in the strategies of the Top 50 companies in the Gelatin Market
The shifting short-term priorities of the top 50 companies’ clients and their client’s clients

You can request an in-depth analysis detailing the impact of COVID-19 on the Gelatin Market: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=850

The global gelatin market size is projected to grow from USD 2.6 billion in 2018 to USD 3.6 billion by 2023, at a CAGR of 6.6% during the forecast period. Growing demand for functional and convenience food & beverage products and rising preferences for clean-label products are projected to drive the market for gelatin.

Europe is projected to hold the largest market share during the forecast period.

Europe is estimated to account for the largest share of the market in 2018. The presence of a large number of food & beverage companies presents the European gelatin market with a prominent consumer base. The ample availability of raw materials and high dependence of the European population on these sources pose as drivers for the growth of the gelatin market in the region. The growing demand for convenience and functional foods in Europe due to fast-paced lifestyles and health-conscious consumers, along with the growing pharmaceutical industry presents growth opportunities for the gelatin market.

The wide usage of porcine gelatin in various food & beverage products has influenced the demand for porcine gelatin, globally.

Pork is one of the widely used and most important sources for gelatin manufacturing, worldwide. It is widely used in the food & beverage industry for different application areas such as snacks, bakery & confectionery, and meat products. The demand for porcine gelatin is stimulated by factors such as its wide availability and BSE crisis in the European region. Furthermore, it is widely preferred across regions because of its manufacturing process as it requires a short period for pretreatment and generates lesser wastewater as compared to other sources.

The major gelatin vendors include Darling Ingredients (US), Gelita (Germany), Nitta Gelatin (Japan), Tessenderlo Group (Belgium), Weishardt (France), Trobas Gelatine (Netherlands), India Gelatine & Chemicals (India), Lapi Gelatine (Italy), Junca Gelatines (Spain), Sterling Biotech Group (India), Italgelatine (Italy), and Gelnex (Brazil). These players have adopted various growth strategies such as expansions & investments and new product launches to expand their presence in the global gelatin market. Expansions & investments are the most dominating strategy adopted by major players. This has helped key players to increase their presence in different regions.

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Darling Ingredients is one of the major companies involved in the manufacturing of natural ingredients from edible and inedible bio-nutrients. It serves a wide range of applications including food, health & pharma, feed, pet food, fuel, bio-energy, and fertilizer. The company has its processing units in over 200 countries across the globe. It operates through three business segments, namely, feed ingredients, food ingredients, and fuel ingredients. It offers gelatin under its food ingredients segment. The company’s gelatin products and solutions are manufactured by Rousselot (France). Rousselot is a leading market provider of gelatin and hydrolyzed collagen for the food, nutrition, pharmaceutical, and technical industries with operations across Europe, China, South America, and the US.

The company focuses on new product launches and acquisitions to increase its product offerings mainly in the gelatin segment to provide advanced solutions to the food and pharmaceutical industries. Rousselot launched a new range of medical grade gelatin “X-pure,” which is useful for in-body applications.

Furthermore, Tessenderlo Group is involved in providing specialty solutions for applications in food, agriculture, water management, and efficient use and re-use of natural resources. PB Gelatins/PB Leiner is a subsidiary of Tessenderlo Group, which produces a complete range of gelatin, hydrolysates, and collagen peptides that are used in food processing. Globally, the company has its presence in more than 100 locations across the globe, which covers various regions including Europe, South America, North America, Asia, and Rest of the World (RoW). The company operates its business through three major segments, which include agro, bio-valorization, and industrial solutions. It offers gelatin products under its bio-valorization segment. The company has been focusing on offering gelatin products to food & beverage and pharmaceutical manufacturers. In April 2016, PB Leiner, a part of Tessenderlo Group, entered into a collaboration with Viachem (US) for the sales, marketing, and distribution of collagen hydrolysates and specialty gelatin products.

Analysis of the COVID-19 impact on the Lutein Market

The ongoing COVID-19 pandemic—and the worldwide reaction to it—has compelled companies to radically rethink their strategies and the way they operate. We salute the industry experts helping companies survive and sustain in this pandemic.

At MarketsandMarkets™, analysts are undertaking continuous efforts to provide analysis of the COVID-19 impact on the Lutein Market. We are working diligently to help companies take rapid decisions by studying:

The impact of COVID-19 on the Lutein Market, including growth/decline in product type/use cases due to the cascaded impact of COVID-19 on the extended ecosystem of the market
The rapid shifts in the strategies of the Top 50 companies in the Lutein Market
The shifting short-term priorities of the top 50 companies’ clients and their client’s clients

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Lutein is an important carotenoid antioxidant that is used for protecting eye health. It is also used in animal feed to color the poultry skin and egg yolks to strengthen the immune system, reduce cellular aging, and protect against age-related eye diseases.The overall growth of the lutein market is driven by the rise in demand for its usage as an eye health supplement andits increased usage as an animal feed additive and as a natural colorant; and its usage in other healthcare and nutraceuticals applications.

EMERGING APPLICATIONS OFFER ATTRACTIVE OPPORTUNITIES IN THE LUTEIN MARKET

The global market for lutein is projected to reach USD 357.7million by 2022, recording a CAGR of 6.3%

On the basis ofform, the powder & crystallinesegment is projected to dominate the lutein market. Lutein is mainly used in the powdered form, as it is easy to use and can be added to various solutions and liquids in the livestock feed, food, and cosmetics industries. Furthermore, the powder & crystalline form of lutein reduces eye fatigue and glare sensitivity; strengthens eye tissue; supports brainfunction and enhances memory; maintains heart health; and protects skin health.

Dietary supplements – the most promising market for lutein in the next five years

With the aging population, people are becoming more conscious and aware of age-related problems. Cataracts and age-related macular degeneration (AMD) are the major illnesses faced by aged people, which cause visual impairment and acquired blindness. This is due to the lack of intake of sufficient nutrients, such as green leafy vegetables and egg yolks. This concern has boosted the demand for health supplements, thus fueling the growth of the lutein market.

Furthermore, consumers have become aware of the alternative channels to self-diagnose themselves and also take preventive measures to remain healthy. Such practices are significantly increasing the demand for supplements, globally, which, in turn, drives the consumption of lutein.

THE DIETARY SUPPLEMENTS SEGMENTDOMINATED THE LUTEIN MARKET IN 2017

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Geographical Prominence

The European region is estimated to account for the largest market share in the global lutein market. This market is also projected to grow at a CAGR of 4.3 % from 2017 to 2022 to reach USD 130.2 million by 2022 moderately. The market for Asia Pacific is expected to register the highest growth during the forecast period, owing to the increase in health awareness and rise in penetration of functional food and dietary supplements. Furthermore, the market is growing due to the rising demand for eye supplements in the healthcare sector. The rise in the prevalence of diseases such as heart diseases, diabetes, obesity, and stroke are also expected to drive the demand for lutein dietary supplements, which include minerals, fatty acids, and vitamins.

PROJECTED GROWTH RATE OF THE GLOBAL LUTEIN MARKET, BY REGION, 2017–2022

Conclusion

Globally, lutein finds application in various industries due to its nutritional benefits and pigmentation properties. Lutein is extensively used as an additive to provide food colors, either by directly applying them to food products or indirectly adding them to animal feed. Due to its medicinal properties, lutein is widely used in pharmaceuticals for preventive medicines in eye care, cardiac diseases, diabetes, and skincare. It is currently extensively used in health supplements due to the rising demand for the same by health-conscious customers.

Considering the importance of supplementation, globally, major companies are increasingly inclined to invest in scientific research to develop new applications for lutein that can help improve human health. Key players in this market have adopted various strategies such as expansions, acquisitions, new product launches, among others,to expand their global footprint and increase their product offerings to capture the market share. The lutein market is competitive, with many large players such as BASF (Germany), Chr. Hansen (Denmark), E.I.D. Parry (India), Kemin (US), Zhejiang Medicine (China), and OmniActive (India) who focus on expanding their market base in this field.

Pet Food Processing Market worth $6.2 billion by 2026

The report “Pet Food Processing Market by Type (Mixing & Blending Equipment, Forming Equipment, Baking & Drying Equipment, Cooling Equipment, Coating Equipment), Form (Dry, Wet), Application (Dog Food, Cat Food, Fish Food), and Region – Global Forecast to 2026”, is projected to grow from USD 4.4 billion in 2019 to USD 6.2 billion by 2026, recording a CAGR of 5.0% during the forecast period. The major factors driving the growth of the Pet Food Processing Market include the increasing trend of pet food product premiumization, rising pet adoption, and acceptance of pets across regions.

The wet segment is projected to be the fastest-growing segment in the pet food processing market during the forecast period.

The increasing demand for wet pet food products is mainly due to its high nutritional content and the presence of animal-based proteins, which is essential for the development of pets. Though it is less economical, the increasing trend of pet humanization and product premiumization has encouraged increasing demand for premium and high-quality pet food products among pet owners. These factors are projected to drive the growth of the wet segment in the pet food processing market.

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The dog food segment is projected to account for a major share in the pet food processing market during the forecast period.

The dog food segment is projected to account for the largest share in the global pet food market. The increasing population of dogs and the rising trend of pet humanization have encouraged dog owners to accept them as companions, which is projected to drive the demand for premium dog food. These factors are projected to drive the growth of the overall pet food processing equipment market. Dogs have the largest population among other pets globally. Pet owners are witnessing an increasing trend of purchasing premium-priced and nutrition-rich pet food products and prefer opting for high-quality food for their pets. Due to these factors, the dog food segment is projected to account for the largest market share.

The forming equipment segment is projected to account for the largest share in the pet food processing market during the forecast period.

The forming equipment segment is projected to account for the largest market share due to the increasing demand for extrusion solutions and increasing application in the pet food processing market. Some of the major extrusion equipment manufacturing companies in the pet food industry are Buhler AG (Switzerland), Baker Perkins Ltd. (UK), and Clextral SAS (France). The introduction of innovative extrusion machinery for manufacturing customized pet food has encouraged manufacturers to opt for extrusion-based manufacturing, which is projected to drive the growth of the forming segment. In addition, this segment is projected to account for the largest market share during the forecast period.

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The Asia Pacific region is projected to be the fastest-growing market for pet food processing during the forecast period.

The Asia Pacific region is projected to be the fastest-growing market for pet food processing during the forecast period. The region witnesses a high demand for pet food products due to the increasing acceptance of pets. The rising concerns among pet owners regarding the health of pets have led to an increase in demand for high-quality pet food products that require specialized machinery. These factors are projected to create growth opportunities for equipment manufacturers in countries such as India, China, Japan, and Thailand.

The pet food processing market comprises major players, such as Andritz Group (Austria), Buhler Holding AG (Switzerland), The Middleby Corporation (US), GEA Group (Germany), Baker Perkins Ltd. (UK), Clextral SAS (France), Precision Food Innovations (US), Mepaco Group (US), Coperion GMBH (Germany), F.N. Smith Corporation (US), Reading Bakery Systems (US), and Selo (Netherlands). The study includes an in-depth competitive analysis of these players in the pet food processing market, with their company profiles, recent developments, and the key market strategies.

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Outlook on Key Players in the Gelatin Market

he global gelatin market size is projected to grow from USD 2.6 billion in 2018 to USD 3.6 billion by 2023, at a CAGR of 6.6% during the forecast period. Growing demand for functional and convenience food & beverage products and rising preferences for clean-label products are projected to drive the market for gelatin.

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ADM (US) and AAK AB (Sweden) are the Key Players in the Release Agents Market

The key players profiled in the report have a strong presence in the global release agents market; these include major players such as ADM (US), Avatar Corporation (US), Par-Way Tryson (US), AAK AB (Sweden), and Associated British Foods (UK). Apart from these companies, other release agents companies, such as Cargill (US), Mallet & Company (US), DowDuPont (US), IFC Solutions (US), Lecico (Germany), Lallemand (Canada), Masterol Foods (US), Puratos (Belgium), Zeelandia (Netherlands), DÜBÖR (Germany), Sonneveld (Germany), and Bakels (Switzerland). These players adopted growth strategies such as expansions & investments and acquisitions to cater to the increasing demand for release agents. They are increasing their research & development expenditure to expand their release agent product portfolio.

The core strength of the key players is their strategic expansion to enhance their presence in the release agents market. Companies such as Archer Daniels Midland Company and AAK AB are expanding their production as well as R&D facilities to develop new release agents. Such strategies are expected to maximize market share and increase their overall customer base. Players such as Associated British Foods plc, DowDuPont, and Cargill adopted the acquisition strategy to improve their distribution network, gain a stronger foothold, and enhance their market share. These companies are also focused on offering a diverse range of release agents to be in line with the government policies of different regions.

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Archer Daniels Midland Company is a wholly integrated food and agricultural business that includes processing, manufacturing, and distribution of its products. The company possesses a well-established distribution network of local and international suppliers and distributors in the US and international markets, which help it to manufacture and deliver quality products at a reasonable price. The company also has a dedicated team to work in collaboration with regional, national, and international contractors and suppliers, which contribute to its strategic expertise in the market. The company is striving to maintain its leading position in the release agents market. It is focusing on the geographic expansion & sourcing, marketing, and selling its release agents products. In line with this strategy, the company expanded its business in India in May 2014. This expansion helped the company’s network and its presence in the Asia Pacific region.

AAK AB is a leading manufacturer of high-value-added specialty vegetable oils and fats solutions. It is present in diversified markets, which helps it minimize business risks and dependency on any particular business. The company has a strong product portfolio and brand image, which enables it to strengthen its position in the market. In 2016, AAK AB acquired California Oils Corporation (US); this acquisition helped the company expand its food ingredients and chocolate & confectionery fat business in the US. It has strong R&D capabilities and also offers customized product solutions that provide strategic advantages to meet the market demands.

Strong Demand for High-Throughput Screening in Plant Phenotyping Processes

The advantages of obtaining accurate qualitative and quantitative measurements using plant phenotyping technologies are the key reasons contributing to the growth of this market, globally. Plant phenotyping technologies are likely to gain traction in agricultural research and plant breeding programs and prove to be an important tool for agriculture companies, research organizations, and academic institutions focused on analyzing the environmental and genetic factors impacting the physical factors in plants. The plant phenotyping market is projected to reach USD 268.1 million by 2023, at a CAGR of 11.14% from 2018.

Automation and significant advancements in the application of imaging sensors for high-throughput data collection, growing importance of sustainable crop production using improved crop varieties, and increasing expansions and investments in plant phenotyping in developed regions are the factors expected to play a significant role in the growth of the plant phenotyping market. However, the lack of technical and conceptual awareness of the plant phenotyping process serves as a restraint for the growth of the market.

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The concept of using drones as a plant phenotyping platform is likely to witness a positive trend in terms of identification of different plant characteristics, morphology, and physiology. This platform type is projected to grow at a higher rate, as it has high demand in countries with limited manpower. Among all platform/carrier types, conveyor-based or modular systems are widely used as they have multiple functionalities when it comes to application and can also be easily integrated with additional accessories such as sensors and/or software.

In terms of services, the statistical analysis segment is projected to grow at a higher rate from 2018 to 2023. The increasing need for making sense of the quantitative data acquired in abundance is likely to have a positive effect on the services market for plant phenotyping. This is due to the need for the generation of highly reliable data and rising interest of plant breeders for this service.

Asia Pacific is projected to be the fastest-growing region in the plant phenotyping market from 2018 to 2023. The region has a higher demand for food and feed to meet the challenges of the ever-growing population. Owing to the increasing research activities in the Australian market for plant phenotyping, the region is expected to witness a rise in the overall plant phenotyping market in the coming years. Multinational companies are also focusing on marketing their products and services of plant phenotyping in these regions, through collaborations and networks to increase awareness among plant-based science research communities. There is an urgent need to develop/design plants in this region that can tolerate stress related to the changing climatic conditions along with providing higher biomass yield for feeding the population.

Associated British Foods (UK) and Lesaffre (France) are the Leading Players in the Specialty Yeast Market

The specialty yeast market is estimated to be valued at about USD 2.7 billion in 2019 and is projected to reach about USD 4.0 billion by 2025, at a CAGR of 7.2% during the forecast period. The increasing demand for fermented food and beverage products is driving the growth of the specialty yeast market, globally. The use of specialty yeast in feed, bioethanol, biotechnology, cosmetics, and personal care products is trending, which increases the demand for specialty yeasts from these industries. Also, a ban on the use of antibiotics in the feed products in the European region is further expected to create lucrative opportunities for specialty yeast in the coming years.

The key players in this market include Associated British Foods (UK), Angel Yeast (China), Lallemand (Canada), Lesaffre (France), and Chr. Hansen (France) among others. Acquisitions, expansions, and agreements were some of the core strengths adopted by the leading players in the specialty yeast market to increase their presence. It also helped them diversify their businesses geographically, strengthen their distribution networks, and enhance their product portfolios. Other players in the market include Koninklijke DSM N.V (Netherlands), Archer Daniels Midland (US), Leiber GmBH (Germany), Kerry Group (Ireland), Biorigin (Brazil), Nutreco N.V (Netherlands), Synergy Flavors (UK), Oriental Yeast (Japan), Beldem (Belgium), Levex (Turkey), and Kemin Industries (US).

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Associated British Foods (UK) is one of the major players in the specialty yeast market. The company caters to the specialty yeast market through its subsidiary—Ohly (Denmark), which is a part of the company’s ingredients business. It has presence in Europe, Africa, the Middle East, Asia, and the Americas. AB Mauri (UK), another subsidiary of Associated British Foods also provides specialty yeast which finds application in distilled spirits, alcoholic beverages, bioethanol, and nutrition. In January 2019, Ohly (Denmark) and Lallemand (Canada), entered into a strategic partnership for the divestment of Ohly’s Hutchinson Torula Yeast facility and associated Torula whole cell business in the US. The long-term supply partnership between these companies aimed at benefitting Ohly by ensuring sustainable security of the Hutchinson site.

Lesaffre (France) is one of the leading players in the global fermentation industry. The company produces and sells yeast, ingredients, sourdoughs, and yeast extracts which are utilized in the baking, taste, healthcare, and biotechnology industries. It has 63 production sites with a presence in approximately 185 countries across the world. The company also has a very strong focus on R&D and has partnered with 60 universities and research centers across the globe to bring about new products to cater to the growing demand. In November 2018, Biospringer (Paris), a business unit of Lesaffre invested in Strasbourg for the establishment of a new production plant manufacturing yeast extracts. This production plant would cater to the customers demand in the region.

Market Leader in Pulse Ingredients Market

The pulse ingredients market is estimated to be valued at USD 17.4 billion in 2018 and is projected to reach USD 21.6 billion by 2023, at a CAGR of 4.5% during the forecast period. The growth of the pulse ingredients market is driven by factors such as increased health-consciousness among consumers and the popularity of protein-rich food products.

By source, the chickpeas segment is projected to be one of the fastest growing segments for the pulse ingredients market. In the US, chickpeas are added as ingredients in soups. Batory Foods (US) offers chickpea flour, which is used in a variety of applications such as bakery, dairy, confectionery, beverages, meat, and sauces. Chickpea flour offers numerous health benefits as it helps in stabilizing blood sugar levels, improving digestion, weight management, and minimizing the risk of heart attack.

On the basis of type, the pulse flour segment is projected to be the fastest-growing segment in the pulse ingredients market. Pulse flours enable food manufacturers and retailers to produce food products that are highly nutritious, protein-fortified, have a low-glycemic-index, and are gluten-free. Pulse flours undergo heat treatment, protein treatment, enzyme treatment, vitamin & mineral treatment, and water treatment, to increase their stability, regularity, and other functions as well as enhance their nutritive values.

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On the basis of application, pulse ingredients are widely used in meal & meal centers, followed by soups, sauces, seasonings, snacks, fruits & vegetables, processed fish, meat, egg products, and bakery & confectionery products. Pulse ingredients find application in various food & beverages, where they act as stabilizers, thickeners, and gelling agents. Pulses including peas, beans, lentils, and chickpeas are high in dietary fiber, micronutrients; and are nutritious. As consumers are expecting high content of proteins in food products, the use of proteins is a growing trend, which drives the demand for pulses ingredients.

The Asia Pacific is the fastest-growing market for pulse ingredients and is projected to record the highest CAGR during the forecast period. The pulse ingredients market in the Asia Pacific is driven by the rise in disposable incomes, expansion of the food & beverage industry, an increase in the number of middle-class population, and urbanization. Adaption of urbanized lifestyle has urged consumers to opt for convenience foods such as bakery products and snacks with added health benefits boosting sales of pulse ingredients in the region. Apart from this, the region is backed countries such as China and India, which have a large population base and are projected to be key revenue generating pockets for pulse ingredients manufacturers in the coming years.

Pulse ingredients manufacturers are focusing on product innovations to expand their consumer base in the market. Leading players operating in the pulse ingredients market include Ingredion (US), Roquette Frères (France), Emsland Group (Germany), The Scoular Company (US), and ADM (US). Expansion of the food processing industry due to the increased demand for convenience foods in the emerging countries of the Asia Pacific and South America is projected to create lucrative opportunities for pulse ingredients manufacturers in the coming years.