Industrial Enzymes Market worth $8.7 billion by 2026

The report Industrial Enzymes Market by Type (Carbohydrases, Proteases, Lipases, Polymerases & Nucleases, Other Types), Source, Application (Food & Beverages, Feed, Bioethanol, Detergents, Pulp & Paper, Textiles & Leather, Wastewater Treatment, Other Applications), Form, and Region – Global Forecast to 2026″ According to MarketsandMarkets, the industrial enzymes market is estimated to be valued at USD 5.9 billion in 2020 and is projected to reach USD 8.7 billion by 2026, recording a CAGR of 6.5%, in terms of value. The growing environmental concerns and enzyme quality in food & beverages and feed, and the rising demand for bioethanol are factors that are projected to drive the growth of the industrial enzymes market globally.

The microorganism segment is projected to witness significant growth during the forecast period.

Based on source, the industrial enzymes market is segmented into microorganism, plant, and animal. The microorganism segment is projected to witness the fastest growth during the forecast period, as enzymes obtained from microbial sources lead to low production costs. Furthermore, they contain more predictable and controllable enzyme content. In addition, as enzymes obtained from microbial sources can be cultured in large quantities in a short period, microorganisms are the primary source of industrial enzymes.

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The carbohydrases segment is projected to account for a major share in the industrial enzymes market during the forecast period

By type, the industrial enzymes market is segmented into carbohydrases, proteases, lipases, polymerases & nucleases, and other enzymes (such as catalases, laccases, oxidases, phosphatases, kinases, esterases, and pectinases). Carbohydrases are classified into amylases, cellulases, and other carbohydrases (such as pectinases, lactases, mannanases, and pullulanases). Amylases used in the textile industry benefit denim manufacturers in de-sizing and lowering the operational costs. In the paper industry, amylases help in de-inking and drainage improvement. However, the textile industry functionally benefits in the replacement of pumice stones by a cellulose-based treatment; benefits include less damage to fibers, increased productivity of the machines, and less hazardous environment for manufacturers.

The North American region dominated the industrial enzymes market with the largest share in 2019, whereas Asia Pacific is expected to witness the highest growth rate.

The industrial enzymes market in North America was dominant due to the increasing demand for enzymes in industrial applications. Technological innovations in machinery, optimization of production, logistics, and globalization of business have made the food & beverage industry one of the essential sectors in North America. However, the shift of industrial operations from developed regions, such as North America and Europe, to Asia Pacific, has further contributed to the growth of the industrial enzymes market in the Asia Pacific region. The use of industrial enzymes in textiles & leather and detergents has been fueling the market in the Asia Pacific region. Furthermore, European consumers have shown an inclination toward clean-label and organic products. This has enabled manufacturers to consider organic ingredients as major components of the products. Due to this, the industrial enzymes market in the European region is led by the growing focus on the production of food & beverages, owing to the functional benefits of enzymes.

This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as BASF (Germany), Novozymes (Denmark), DuPont (US), DSM (Netherlands), Kerry Group (Ireland), Dyadic International (US), Advanced Enzymes (India), Chr. Hansen (Denmark), Amano Enzymes (Japan), Megazyme (Ireland), Aumgene Biosciences (India), Biocatalysts (UK), Enzyme Supplies (UK), Creative Enzymes (US), Enzyme Solutions (US), Enzymatic Deinking Technologies (US), Sunson Industry Group (China), MetGen (Finland), Denykem (UK), and Tex Biosciences (India).

Plant Extracts Market worth $59.4 billion by 2025

The report Plant Extracts Market by Type (Phytomedicines & Herbal Extracts, Essential Oils, Spices, Flavors & Fragrances), Application (Pharmaceuticals & Dietary Supplements, Food & Beverages, Cosmetics), Source, and Region – Global Forecast to 2025″ According to MarketsandMarkets, the plant extracts market is estimated to be valued at USD 23.7 billion in 2019 and is projected to reach USD 59.4 billion by 2025, at a CAGR of 16.5% from 2019 to 2025. The increase in prevalence of chronic disease skin cancer, rapidly growing demand for herbal medicines and plant extracts based functional food and food additives, rise in trade of plant extracts are some factors driving the growth in the plant extracts market.

The phytomedicines & herbal extracts segment is estimated to account for the largest share, in terms of value, by type, in 2019

Based on type, the plant extracts market is segmented into phytomedicines & herbal extracts, essential oils, spices, and flavors & fragrances. The phytomedicines & herbal extracts segment is estimated to account for the largest market share in 2019, owing to the increasing preference for herbal medicines and other herbal products in developed and developing regions.

Antimicrobial properties of plant extracts, particularly for the treatment of age-related disorders such as immune disorders, memory loss, and osteoporosis is attributed to the growth of the segment. Also, the increasing introduction of regulatory standards regarding the use of plant extracts as phytomedicine is projected to offer lucrative growth opportunities for the growth of the phytomedicines & herbal extracts segment, which in turn, is expected to drive the plant extracts market during the forecast period.

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The pharmaceuticals & dietary supplements segment is expected to witness the fastest growth in the plant extracts market during the forecast period

By application, the plant extracts market is segmented into pharmaceuticals & dietary supplements, food & beverages, cosmetics, and others. Middle-class consumers in the Asia Pacific are showing a positive interest in nutrition and supplements due to urbanization and increasing income levels. Further, the growing adverse effects of synthetic products and allopathic medicines have significantly raised the demand for Ayurvedic and homeopathic medicines in this region. This has led to an increase in the market for phytomedicines & herbal extracts.

The Asia Pacific region is estimated to dominate the plant extracts market, in terms of value, in 2019

The market for plant extracts in the geography is thriving due to strong local and international demand. These extracts are relevant as food preservatives and shelf-life extension ingredients owing to the regions’ tropical climate, which is conducive for the growth of plant extracts. Moreover, the region has several small and medium-sized manufacturers of plant extracts, who are well-versed with the processing of plant extracts and aware of the benefits offered by them. Manufacturers in Indonesia, India, and Thailand are continuously investing in the market and focusing on innovation to expand their product range. This is due to the rise in the trade of plant extracts between Asia and international manufacturers of plant extract-based products.

This report includes a study on the marketing and development strategies, along with the product portfolios of the leading companies. It consists of the profiles of leading companies such as Givaudan (Switzerland), Sensient Technologies (US), Symrise AG (Germany), Kangcare Bioindustry Co., Ltd. (China), PT. Indesso Aroma (Indonesia), PT. Haldin Pacific Semesta (Indonesia), Vidya Herbs Private Limited (India), Tokiwa Phytochemical Co., Ltd., Native Extracts Pty. Ltd. (Australia), Shaanxi Jiahe Phytochem Co., Ltd. (Jiaherb, Inc.) (China), Synthite Industries Private Ltd. (India), Döhler (Germany), International Flavors & Fragrances, Inc. (US), Martin Bauer GmbH & Co. KG (Germany), and Arjuna Natural Extracts Ltd. (India).

Growing Consumption Of Convenience Foodis Boosting The Market For Xanthan Gum

Xanthan gum is a natural polysaccharide and is used in various industries such as food & beverage, oil & gas, personal care, pharmaceutical, textile, and pet food. The increase in demand for various processed food & beverage products, gluten-free products, and rise in oil & gas extraction activities are some of the main factors that are driving the market for xanthan gum.Moreover, the upcoming opportunities in the oil & gas industry in the emerging markets for developing countries such as Brazil and Argentina are expected to drive the market for xanthan gum. Furthermore, the increase in the use of personal care products with natural ingredients in countries such as China, Japan, and India are creating considerable opportunities for the xanthan gum market. However, the use of guar gum as a substitute for xanthan gum is restricting its market growth.

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The global market for xanthan gumis projected to reach USD 452.8million by 2022, at a CAGR of 3.25%.

The xanthan gum market has witnessed dynamic growth trends in the last five years. Globally, the multifunctionality of xanthan gum has prompted its huge scope appropriation in various applications. Changes in consumer lifestyles, rise in consumption of processed food, and growth in the number of oil and gas companiesare some of the components that are driving the market for xanthan gum. The primary purpose behind the utilization of xanthan gum in processed foods is to change the thickness of the substances used, relying on the amount used. Food products such as ketchup are among those processed with xanthan gum added to optimize its thickness, thus driving its market growth.

The multifunctional nature of xanthan gum aids its adoption across other application areas

The xanthan gummarketposes considerable growth opportunities as its current consumption continues to grow in tandem with the consumption of convenience food products. It is also used in non-food applications such as oil & gas drilling, fracturing, pipeline cleaning, and completion. Due to its stability with salt and resistance to thermal degradation, it is used as an additive in drilling fluids. It is one of the key ingredients in the hydraulic fluid used in the hydraulic fracking process. Hence, the multi-functionality of xanthan gum, coupled with the growing demand in the convenience food & beverage products and from the oil & gas industry, drives its market growth. However, the strict anti-dumping policiesagainst xanthan gum areamong the major challenges for this market.

The food & beverages segment to dominate the application segment of the xanthan gum market

The application segment of the xanthan gum market was dominated by food & beverages. Xanthan gum is used in bakery, sauces& dressings, dairy, meat & poultry, beverages, and various other applications. The Xanthomonas campestris strain that is used to yield xanthan gum is non-pathogenic and non-toxic to animals and humans. Hence, it has become the preferred ingredient than other substitutes.Xanthan gum aids to enhance the texture, stability, extending shelf life, and water retention of various confectionery food products such as ice creams and fruit cakes. Moreover, the major factors responsible for the demand for xanthan gum in confectionery applications are the benefits it offers such as better flavor release, reduced hot viscosity, and good gel clarity.

Geographical Prominence

The North American regionaccounted for the largest share in the global market in 2015, followed by Europe. The thickening and stabilizing properties of xanthan gum aids to enhance the texture of the food products. These unique properties of xanthan gum have led to the increase in its use in confectionery products such as toppings and other bakery products in countries such as the US, Canada, and Mexico, where the processed food industry is growing significantly. The key market players in the North American xanthan gum market include Cargill (US), Archer Daniels Midland Company (ADM) (US), and DuPont (US). They offer high-quality xanthan gum for a wide array of applications, such as hair care, skincare, bakery, and oilfield applications.

The Asia Pacific region is the fastest-growing market in the global xanthan gum market. Industry participants in the region are instrumental in fueling the xanthan gum market growth. Expansion and investment activities are undertaken by these companies in the Asia Pacific region are projected to drive the Asian xanthan gum market. The region is witnessing a growing trend in the use of xanthan gum due to its thickening properties.Consumers in emerging countries such as India, China, and Japan prefer personal care products withgood-quality and natural ingredients. Moreover, it has been found that consumer expenditure in the AsiaPacific region showcases a strong demand for natural personal care products, which in turn has led to the increase in demand for xanthan gum by the personal care industry in this region.

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Conclusion

The global market for xanthan gum witnessed strong growth prospects in 2015. North America dominated the market for xanthan gum, followed by Europe and Asia Pacific. The market was primarily driven by the growing consumption of processed food & beverage products. The Asia Pacific region is projected to be the fastest-growing market for xanthan gum. In developed countries, the largest consumers of xanthan gum are the confectionery, baking, dairy, and prepared food industries, which, on average, account for half of the consumption.

Beta-Glucan Market worth 476.5 Million USD by 2022

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

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

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

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

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

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

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

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Europe dominated the beta-glucan market in 2015

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

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

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

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

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

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

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

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

Geographical Prominence

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

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Conclusion

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

Proanthocyanidins Market worth $280 million by 2025

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

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

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

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

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

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

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

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

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

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

Market Leader – Cannabis Market

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

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

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

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

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

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

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

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

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

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

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

Frozen Bakery Products Market Projected To Witness Vigorous Expansion By 2022

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

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

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

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

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

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

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

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

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

Collagen Peptides: Market Dynamics

The global collagen peptides market is estimated at USD 772.3 million in 2018 and is projected to reach USD 1,337.0 million by 2023, at a CAGR of 11.6% during the forecast period. The market is driven by factors such as the wider application of collagen peptides and increased incidences of bones & joint relate diseases. Collagen peptides are widely used in various applications such as beverages, dairy, sports nutrition, snacks & cereal, meat & poultry, and personal care products. The varied applications of collagen peptides, coupled with the growing demand for functional food & beverage and sport nutrition products, drive the market growth.

The Asia Pacific region is projected to grow at the highest CAGR during the forecast period. China and India have witnessed major growth in the collagen peptides market, acquiring significant shares in the region. The rising middle-class population of the region with high disposable income, demands healthy food & beverage products with new and improved flavors, thereby elevating the need for the growth of the collagen peptides market.

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Key Players:

•             Darling Ingredients (US)

•             Tessenderlo Group (Belgium)

•             Cargill (US)

•             Kewpie Corporation (Japan)

•             Danish Crown (Denmark)

Market Dynamics in The Market:

Widening applications of collagen peptides

Collagen peptide has become one of the essential ingredients for developing healthy food. Collagen production tends to decrease within the body with age and an unhealthy diet. Consumers prefer to include collagen through their diet rather than collagen injections. Therefore, collagen peptides are being fortified into a variety of food & beverage products to improve their nutritional benefits.

Collagen peptides are widely used in various applications such as beverages, dairy, sports nutrition, snacks & cereal, meat & poultry, and personal care products. The wide applications of collagen peptides, coupled with the growing demand for functional food & beverage and sport nutrition products, drives the market growth.

Numerous food formulations such as protein bars, protein drinks, yogurt drinks, dairy products, and various other fortified food products use collagen peptides to improve the elasticity, consistency, and stability of the products along with their health benefits.

Stringent food laws for animal-sourced additives

Consumers are becoming anxious about the safety of the food and food ingredients that they consume. The various processing technologies, preservation techniques, and packaging methods remain important safety issues. Therefore, several food additive laws and regulations have been implemented in various countries, thereby limiting the growth and usage of hydrolyzed collagen substances.

In the UK, the Department for Environment Food & Rural Affairs (DEFRA) describes the food information regulations 2013 for collagens as¯where added proteins and/or hydrolyzed proteins such as albumin, collagen, or casein are used in the production of meat preparations, meat products, or fishery products and are of a different species to the original food, then these proteins need to be included in the name of the food together with the name of the animal species from which they are derived.

Drivers of the market:

Consumer’s inclination toward healthy lifestyles and protein consumption

Over the last few years, consumer awareness about healthy food products has been fueling the collagen peptides market for nutritive food products. Consumers are increasingly focusing on healthy aging, not only to increase their life expectancy but also to prevent and postpone the onset of diet- and bone-related diseases.

According to the International Osteoporosis Foundation (IOF), osteoporosis causes more than 8.9 million fractures annually, in which roughly translates to an osteoporotic fracture every three seconds, globally. According to another study conducted by IOF, it is predicted that the number of Chinese population with osteoporosis and osteopenia will increase to 286.6 million by 2020 and 533.3 million by 2050. The incidences of hip fracture has already risen two to threefold in most Asian countries during the past 30 years. By 2050, more than 50% of all osteoporotic fractures will occur in Asia.

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Application of collagen peptide as a functional ingredient in food processing

The growth in health consciousness among consumers due to awareness regarding various diseases, nutritional deficiency, and desire for healthy aging, among other factors, has resulted in increased consumer demand for functional and fortified food & beverage products. The increased consumer understanding about nutrition has led to the demand for food products with specific functionalities that will cater to their needs and aid in dealing with different health aspects.

Collagen hydrolysate or collagen peptide has wide usage in the areas of culinary and food processing sectors. It is mixed in various drinks, shakes, smoothies, and ice creams to give an anti-inflammatory protein boost, as the ingredient has the tendency to dissolve in the cold liquid easily. Hydrolyzed collagen has good organoleptic properties, taste, and is odor-free, while at the same time enabling the food product to maintain its quality. It is used in various formulations due to its property to mix and blend with other forms.