The report Bakery Processing Equipment Market is estimated to account for nearly USD 8.9 billion in 2020 and is projected to reach a value of nearly USD 11.4 billion by 2025, growing at a CAGR of 5.0% from 2020. The growth of the bakery processing equipment market is attributed to the increasing trade of food processing equipment among countries such as Mexico, Brazil, Argentina, the UAE, India, and China. Bakery processing equipment helps in transforming raw ingredients into baked items through various physical and chemical techniques. The bakery processing equipment market is witnessing significant growth due to the increasing consumption of bakery products in developing countries such as India, China, South Africa, and Brazil, compelling manufacturers to increase production.

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By end user, the bakery processing industry segment is estimated to account for the largest share in the bakery processing equipment market in 2020.

On the basis of end user, the bakery processing industry segment is estimated to dominate the bakery processing equipment market in 2020. In recent years, China is being observed as an emerging country in the bakery processing equipment market due to the growing demand for specialized and innovative bakery products. The industrial bakeries use automated bakery machinery, while artisanal bakeries use smaller bakery equipment.

By type, the sheeters & molders segment is projected to be the fastest-growing segment during the forecast period in the bakery processing equipment market

During the forecast period, the sheeters & molders segment is projected to grow at the highest CAGR in the bakery processing equipment market, in terms of value. Sheeters are rolling machines that are durable and enable accurate and constant production of bakery products. Dough sheeters are also key equipment used in the baking industry, which allows the baking product companies to produce large quantities of dough in less working time, along with maintaining the quality of handmade and commercial bakery products. Bakery equipment companies are launching innovative baking molds to smoothen the molding process for bakery products in the commercial industry. For instance, in August 2018, Silpat, a manufacturer of nonstick baking mats, launched a line of Perfect Baking Molds in different shapes such as mini loaf, tartlet, mini muffin, classic muffin, and madeleine

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The Asia Pacific is estimated to dominate the bakery processing equipment processing market in 2020

The Asia Pacific is estimated to account for the largest market share in the bakery processing equipment processing market in 2020. This market is driven by the growing demand for processed food products in developing countries such as India, China, and Australia. In the Asia Pacific region, China was the largest market for bakery processing equipment in 2019. The growth of the industries in the region over the years, followed by improvements in the bakery industry, has created new opportunities for the manufacturers in the bakery processing equipment market. The growing middle-class population of the region, with increasing disposable income, and demand for bakery items that offer on-the-go consumption, are driving the growth of the bakery processing equipment market. The per capita consumption of bakery processing equipment in the Asia Pacific region is driven by emerging economies such as China, India, and Indonesia.

This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies in the bakery processing equipment market. It includes the profiles of leading companies such as GEA Group AG (Germany), Bühler (Switzerland), John Bean Technologies Corporation (US), Heat and Control (US), Rheon Automatic Machinery (Japan), Markel Food Group (US), Baker Perkins (UK), Anko Food Machine (Taiwan), Gemini Bakery Equipment (US), Allied Bakery Equipment (US), Global Bakery Solutions (UK), and Erica Record LLC (US).

The Dietary Fibers Market is estimated to be valued at USD 5.3 billion in 2020 and is projected to reach USD 9.6 billion by 2025, recording a CAGR of 12.5% in terms of value. The growing demand for fiber supplements to meet the nutritional need of the individual and the health benefits of dietary supplements are projected to drive the growth of the dietary fibers market, globally.

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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.

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.

The North American dietary fibers market is projected to witness growth with the rising demand for fiber supplements due to an increase in health awareness and a high surge in the exports to other countries. In addition to this, it is the innovation in the fiber supplements market, such as a fiber supplement products that are offered in multiple flavors and combinations (such as cinnamon oatmeal raisin and cranberry lemon drizzle), that aids in lowering the cholesterol levels and promotes better heart health. Moreover, according to the FAO, dietary fiber reaches the large intestine and is fermented by the colonic microflora, with the production of short-chain fatty acids (SCFA), hydrogen, carbon dioxide, and biomass.

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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 Beneo (Germany), ADM (US), DuPont (US), Lonza (Switzerland), Kerry Group plc (Ireland), Roquette Frères (France), Ingredion Incorporated (US), PURIS (US), Emsland (US), The Green Labs LLC (US), Nexira (France), Tate & Lyle (UK), Nutri-Pea Ltd (Canada), Farbest Brands (US), R & S Blumos (Brazil), J. RETTENMAIER SÖHNE GmbH (Germany), A & B Ingredients (US), AGT Foods(Canada), and Batory Foods (US).

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The global sugar decorations & inclusions market size is projected to grow from USD 1.5 billion in 2020 to USD 2.1 billion by 2025, recording a compound annual growth rate (CAGR) of 6.3% during the forecast period. Sugar decorations and inclusions are the key ingredients that attract customers toward various desserts and bakery products, due to which they are projected to witness significant growth in the global food industry. The increasing demand for textured and decorated baked foods and the growth of bakery and confectionery sectors across regions are some of the major factors that are projected to drive the growth of the sugar decorations & inclusions market. In addition, the increasing demand for bakery products in various economies across regions is a key factor that is projected to drive the market growth.

Some of the major players present in the sugar decorations & inclusions market include Dr. Oetker (Germany), Kerry Inc. (Ireland), Barry Callebaut (Switzerland), The Kraft Heinz Company (US), Pecan Deluxe Candy Company (US), and Signature Brands LLC (US). New product launches and expansions are some of the dominant strategies that are adopted by major players to strengthen their presence in the sugar decorations & inclusions market. These strategies have helped companies to expand their product offerings for sugar decorations and inclusions and are projected to drive the market growth.

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Dr. Oetker was founded in 1891 by Dr. August Oetker in Bielefeld, Northern Germany. With its headquarters in Germany, the company operates through five major business segments—food, beer & non-alcoholic beverages, sparkling wine and wine, spirits and deep-sea shipping, and other interests. Dr. Oetker functions as the parent brand and has various sub-brands under its umbrella. Its product offerings include mayonnaise, sauces, spreads, salad dressings, cakes, and dessert toppings. The company operates in nearly 40 countries, and its four German production plants manufacture a variety of processed food products—from baking powder to bake mixes, breakfast cereals, honey, as well as frozen desserts, pizza, and seafood specialties. Dr.Oetker also has a wide range of edible sugar decorative, such as hundreds and thousands, sugar strands, bright & bold, and confetti sprinkles. It also has acquired brands, such as Mavalerio (US) and Wilton Brands LLC (US), involved in manufacturing a wide range of sugar sprinkles and different types of sugar for commercial sale. The company’s major market is Germany and operates in most of the western and eastern European countries, as well as in Canada and Brazil.

Kerry Group (Ireland) is a provider of taste and nutrition solutions. The company caters to the food, beverage, and pharmaceutical industries, and is a supplier of branded and customer branded foods to the UK and other markets. The company operates through two business segments: Taste & Nutrition and Consumer Foods. The Taste & Nutrition segment manufactures and distributes application-specific ingredients and flavors across various technology platforms. The Consumer Foods segment manufactures and supplies value-added brands and customer-branded foods primarily to the Irish and the UK markets. Its brands include LowLow, Cheestrings, Dairygold, Charleville, Denny, Richmond, Wall’s, Mattessons, Fire & Smoke, and Yollies. The company supplies private label products in dairy, meat, pastry, meal solutions, and frozen ready meal categories. Kerry also offers sugar decorations, including jimmies and nonpareils, for its B2B and B2C customers. The company serves a global customer base in over 140 countries. It operates in over 132 manufacturing locations. It has its operations in approximately 26 countries. It has customer alliances with global, regional, and local food, beverage, and pharmaceutical companies.

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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).

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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.

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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% during the forecast period. The demand for enzymes is increasing significantly, as they are used across various industrial applications and as substitutes for synthetic chemicals.

Key players in this market include 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).

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Novozymes (Denmark) is a major bio-innovation company providing biological solutions, which involves the application of enzymes and microbes. The company offers various products, which cater to industries, such as household care, food & beverage, bioenergy, agriculture & feed, and technical & pharma. Novozymes has been introducing new products for making its product portfolio diverse. In addition, the company is focused on expanding its global presence to prosper in the industrial enzymes market. Currently, it has been catering to all the major regions, such as North America, Latin America, Asia Pacific, Europe, the Middle East, and Africa. It focuses on innovation activities to identify new opportunities in the industrial enzymes market. For instance, in May 2019, Novozymes became the first multinational company to partner with Alibaba’s 1688 platform in industrial biotechnology in China. This would boost the usage of enzymes among small- & medium-sized enterprises in China.

BASF (Germany) is a global chemical manufacturing company and specializes in catering to segments, such as chemicals, performance products, functional materials & solutions, and agricultural solutions. Along with this, the company has been investing mainly in biotechnology and large-scale production of enzymes. The strategies adopted by BASF to be a market leader in the industrial enzymes market include collaborations and expansions. In addition, to make its product portfolio diverse, the company has been focusing on launching new products and expansions. BASF has three global research divisions, which are operated from Europe, Asia Pacific, and North America. For instance, BASF had set up its enzyme-based production plant for biocatalyzed acrylamide in Nanjing, China. This was the first biocatalyzed acrylamide (BioACM) plant in Asia Pacific. This would cater to the demand for industrial enzymes in the Asia Pacific region.   

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The global food blenders & mixers market size is estimated to account for nearly USD 7.2 billion in 2020 and projected to grow at a CAGR of 5.8%, to reach nearly USD 9.5 billion by 2025. The market for food blenders & mixers is been witnessing rise in demand, owing to the increase in consumption of processed foods and beverages in the global market. Consumers in the global market are increasingly preferring to consume prepared foods and beverages, owing to the rising income levels, longer working and commuting hours, and lack of sufficient time to cook and prepare delicious and healthy foods. According to the data given in a report published in 2018 by National Health and Nutrition Examination Survey, in between 2013 and 2016, over 36.6% of adults- approximately 85 million people consumed fast food in America. The percentage was higher for people between the ages of 20 and 39 (44.9%) and 40 and 59 (37.7%).

In turn, the growing processed and packaged food & beverage industry will influence the manufacturers are extensively focusing on maximizing the output and thus, will upgrade to newer equipment, which provides optimum volumes to be produced without additional hassle to the support healthy gain in the coming years. Significant changes in the food & beverage processing industry over the last two decades have led to a high demand for food & beverage processing equipment especially in the developing economies, in particularly for the food blenders & mixers.

This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies in the food blenders & mixers market.  The key players in this market include GEA Group Aktiengesellschaft (Germany), Tetra Laval International S.A. (Switzerland), Krones AG (Germany), SPX Flow Inc. (US), Marel HF (Iceland), Sulzer Ltd. (Switzerland), Buhler Industries Inc (Switzerland), John Bean Technologies Corporation (US), KHS GmbH (Germany), Hosokawa Micron Limited (Japan), Paul Mueller Co (US), Alfa Laval Corporate AB (Sweden), EKATO Holding GmbH (Germany), Philadelphia Mixing Solutions Ltd. (US), Diosna  GmbH (Germany), Silverson Machines Inc. (United Kingdom), Fristam Pumps (US), Pentair PLC (The Netherlands), ARDE Barinco (US), and General Machine Company (GEMCo) (US).

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The food blenders & mixers market also consists of SME’s and start-up players, which include Amixon Mixing Technologies (Germany), Primix B.V. (The Netherlands), Q-Pumps (Mexico), TechnoSilos AP (Italy), Admix Inc (US), Cabbage Shredders (Latvia) Nano Pharm Tech Machinery Equipment Co Ltd (China), TGD Makine San. ve Tic. Ltd. ªti. (Turkey), Automated process equipment corporation (APEC) (US), STK Makina (Turkey), Laser Srl (Italy), UNI-MASZ H.M.Juszczuk Sp.j. (Poland), Agitaser  (Spain), Valtorta Battaggion Group S.r.l. (Italy), and FLUIMAC Pump Solution (Italy).

Major players in the market are mainly focusing on undertaking expansions and investments to meet the growing requirements of the end-industry manufacturers by formulating innovative products/solutions. The core strengths of the key players identified in this market are growth strategies such as expansions & investments and mergers & acquisitions. The undertaking of expansion and investments as a key growth strategy has enabled the market players to enhance their presence in the food blenders & mixers market. The key players, such as Buhler Industries Inc (Switzerland), Tetra Laval International S.A. (Switzerland), Marel HF (Iceland), and many others have undertaken these strategies to improve their distribution network, gain a stronger foothold, and enhance market share. For example, Marel HF grounded a new production center in Dongen, the Netherlands. This development will help the company understand, learn, and cater to the newer industry standards with 40 production sites and eight office spaces.

GEA GROUP AKTIENGESELLSCHAFT (Germany), is engaged in the design and development of industrial equipment for the food processing industry as well as a wide range of other industries, such as pharmaceutical, chemicals, utilities, and marine. The organization provides a vast portfolio of machinery, which further suffices the requirements of end-use industry players. The company operates through two segments, namely business area equipment and business area solutions, which is further extended into multiple divisions as mentioned above and organizational structure. The company focuses on process technology and components for production processes in various end-user markets and generates its majority revenue in the sustainably growing food industry and generates more than 80% of its revenue outside the domestic market. It has a widespread geographical presence across 50 countries , in regions such as Asia Pacific, North America, Europe, and Latin America. It offers blenders & mixers through its business area equipment segment, which is dedicated in providing solutions for the dairy, brewing, food, pharma, and chemical industries.

The global collagen peptides market size is estimated to be valued at USD 599 million in 2020 and projected to reach USD 795 million by 2025, recording a CAGR of 5.8% during the forecast period. The demand for collagen peptides is increasing significantly, as they are used across various industries. Biotechnological advancement has found its medical applications.

Key players in the collagen peptides market include Tessenderlo Group (Belgium), Gelita AG (Germany), Holista CollTech (Australia), Darling Ingredients (Texas), Nitta Gelatin (Japan), Weishardt (France), Gelnex (Brazil), Collagen Solutions (UK), Amicogen Inc. (South Korea), and Nippi Inc. (Japan), Lapi Gelatine (Italy), Ewald-Gelatine (Germany), Crescent Biotech (India), Foodmate Co. Ltd. (China), Suboneyo Chemicals Pharmaceuticals Pvt. Ltd. (India), BioCell Technology (US), Kayos (India), Aspen Naturals (US), Vital Proteins (US), and Chaitanya Chemicals (India).

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Tessenderlo Group was initially established as a chemical company. With time, the company has evolved into a diversified industrial group. The activities of the group can be divided into four operating segments, namely Agro, Bio-valorization, Industrial Solutions, and T-Power. The Tessenderlo Group serves its customers in the agriculture, food, industry, construction and health, and consumer good end markets. It offers collagen peptide products under its bio-valorization segment under PB Leiner. Currently, it operates in regions such as North America, South America, Asia Pacific, and Europe. The company has been introducing new products for making its product portfolio diverse. For instance, in April 2019, PB Leiner, a business segment of Tessenderlo Group, announced the launch of new collagen product concepts at Vitafoods 2019. The company has also spread awareness about the benefits of collagen peptides in nutritional products, which will help them to increase the demand for the product.

Darling Ingredients is in the business of creating sustainable food, feed, and fuel ingredient solutions. The company processes its meat by-products obtained from animal-based diets, into essential bio-nutrients, fats, oils, proteins, meals, and more. Darling Ingredients offers collagen peptide product range through its brands, Rousselot and Peptan. These collagen peptide products are used for various applications such as food, nutraceutical, pharmaceuticals, and nutricosmetics. The company has its processing plants across five continents. Darling Ingredients has been focused on expanding its business by coming into strategic agreements and partnerships. For example, in October 2019, Rousselot, a brand owned by Darling Ingredients, renewed its 5-year Global Strategic Agreement with By-Health (China). By-Health is a known brand in China’s dietary supplements market. The deal relates to Rousselot’s supply of gelatine and collagen peptides for China’s nutraceutical market. This agreement will also enable both the companies to strengthen their cooperation for ingredient R&D, production, regulations, and clinical studies.

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“The food emulsifiers market is projected to grow at a CAGR of 4.7%.”

The food emulsifiers market is estimated to be valued at USD 3.2 billion in 2020 and is projected to reach USD 4.0 billion by 2025, at a CAGR of 4.7% from 2020 to 2025. The market is driven by a rise in the consumption of convenience foods and premium foods globally. The advent of the concept of clean-label ingredients and the health problems associated with the consumption of products containing food emulsifiers are the major challenges in the market.Limited extraction and the additional costs associated with the emulsifiers extracted from natural resources is restraining the market growth.

“The mono- &di-glycerides and their derivatives segment is estimated to lead the market, with the largest share,in 2020.”

The food emulsifiers market, in terms of type, is estimated to be led by the mono- &di-glycerides and their derivatives segment in 2020. The lecithin segment is projected to grow at the highest CAGR between 2020 and 2025. The increasing demand for bakery and convenience foods that contain mono- &di-glycerides and their derivatives is the major factor driving market growth.

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The key food emulsifier manufacturing players include the following:

·         Archer Daniels Midland Company (US)

·         DowDuPont (US)

·         Cargill (US)

·         Kerry Group Plc. (Ireland)

·         Ingredion Incorporated (US)

·         Corbion N.V. (Netherlands)

“The plant segment is projected to be the fastest-growing segment from 2020 to 2025.”

The food emulsifiers market, by source, is estimated to be dominated by the plant segment in 2020. The plant segment is mainly driven by the fact that plant-based emulsifiers are less harmful to humans as compared to animal-based emulsifiers.Also, they are preferred widely by food manufacturers due to their high stability,as compared to animal-based emulsifiers.

“North America is estimated to lead the food emulsifiers market, with the largest share, in 2020.”

The North American food emulsifiers market is estimated to be the largest market in 2020.The market here is driven by increased consumption of processed food in this region and the presence of a majority of the top food emulsifier companies in this region.

The bakery, convenience, and confectionery industries in this region are the major consumers of food emulsifiers.The consumption of bakery and convenience products and confectionery has been increasing consistently for many years,resulting in the largest share of the North American market in the global food emulsifiers market.

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Research Coverage

The report analyzes the food emulsifiers market along with food emulsifiers market across different types and regions. It aims at estimating the market size and future growth potential of this market across different segments such as type (lecithin – oiled & de-oiled, mono- &di-glycerides and their derivatives, sorbitan esters,   stearoyllactylates, polyglycerol esters, and others);source (plant and animal); application (bakery products, confectionery products, convenience foods, dairy & frozen desserts, meat products, others);and region. 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.

According to MarketsandMarkets, the global lactose-free products market size is estimated to be valued at USD 12.1 billion in 2020 and is projected to reach USD 18.4 billion by 2025, recording a CAGR of 8.7% in terms of value. Emerging markets in upcoming economies such as Asia Pacific and South American countries is going to be a potential market for the lactose-free products manufacturers. The increase in per capita income and change in the trends of healthy and safe food consumption is going to increase the share of the market. These factors are projected to drive the growth ofthe lactose-free products market during the forecast period.

Lactose is a type of sugar found in milk and other dairy products. An enzyme called lactase is needed by the body to digest lactose. Lactose intolerance develops when the small intestine does not make enough of this enzyme. There is a wide range of lactose-free products available in the market such as milk, yogurt, cheese, and ice-cream with the blend of different types of flavor.The industry has witnessed consistent growth in the past few years.

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In North America, the US is the largest producer of lactose-free products market. Asia Pacific is projected to witness significant growth in the global lactose-free products market, which is largely driven by the rising demand for safe and healthy food products, especially from China and India. The lactose-free products industry functions with legislators and regulators to deliver qualitative products to its end users. In North America and Europe, the self-diagnosis and awareness among lactose intolerant population is among the major factors for augmenting the growth of the lactose-free products in the region.

Lactose-free products mostly include flavored milk, cheese, ice cream, and yogurt. There is an upsurge in the consumption of milk and milk products in developing countries, where the lactose-free products manufacturers can find the potential market for expansion. Increasing population, increasing demand for convenience food, and increase in disposable income are the major driving factors for the lactose-free products growth.

Asia-Pacific projected to witness the fastest growth in the lactose-free products market during the forecast period due to the awareness among population for lactose intolerant and globalization of business and technological innovations. Also, due to natural sweetening taste of lactose-free products, consumers are inclined towards lactose-free products.

The milk by type segment is the dominating for the lactose-free market.  Lactose- free milk is a rich source of protein, calcium, phosphorus, vitamin B12, riboflavin, and vitamin D. Therefore, lactose-free milk constitutes high nutritive value which is demanded by the health-conscious costumers.

The no added sugar products/ reduced sugar claims form of the lactose-free products will witness significant growth rate during the forecast period. Due to the increase in awareness about health concerns, such as obesity and diabetes, consumers witness a high demand for no added sugar or reduced sugar products. For catering to the changing demands of consumers, many players in the dairy industry are focusing on introducing lactose-free dairy products with reduced sugar or no added sugar claims.

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The inoculants market is estimated to reach USD 924 million in 2020 and is projected to account for USD 1,207 million by 2025, recording a CAGR of 6.9% during the forecast period. The global inoculants market is projected to grow in the coming years attributed to the growing trends of adopting organic and environment-friendly farming practices due to ill effects of fertilizers and chemicals, rise in feed grains, increase in compound feed prices, and expansion of the livestock industry, particularly in the South American and Asia Pacific regions.

The key players in the inoculants market include Corteva (US), BASF (Germany), Bayer (Germany), Novozymes (Denmark), Verdesian Life Sciences (US), Advanced Biological Marketing Inc. (US), BrettYoung (US), Precision Laboratories, LLC  (US), Queensland Agricultural Seeds Pty (Australia), and XiteBio Technologies Inc. (Canada). Apart from this, other key players include Chr. Hansen (Denmark), Lallemand Inc. (Canada), Kemin Industries, Inc (US), Provita Supplements GmbH (Germany), Cargill (US), Archer Daniels Midland Company (US), BIOMIN Holding GmbH (Austria), Terramax (US), BIO-CAT Microbials (US), and MBFi (South Africa).

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Cargill (US) is among the leading players in the inoculants market. The company provides forage inoculants through its Promote brand. The Promote portfolio offers feed additives for the swine, poultry, dairy, and beef animal nutrition industries.  Its products are developed on the basis of Cargill Animal Nutrition’s global network of R&D centers, which is backed by over 500 researchers in 17 state-of-the-art facilities. Promote Forage-Mate product line is offered through Cargill, Provimi, and Citura. Cargill provides forage inoculants under its brand, Promote Forage-Mate, for alfalfa, corn, grass, small grain, and sorghum. Promote’s non-additive feed additive solutions are backed by Cargill Animal Nutrition’s innovative network of researchers and application scientists. It manufacturers forage inoculants in its Specialty Blending Facility, a state-of-the-art site, which was built in 2016. The company has 500 research professionals and has over 5 innovation centers, 13 technical application centres, and 19 global labs, which gives it a competitive edge over other players.

BASF (Germany) provides inoculants for soybeans, chickpeas, and peanuts under its brands, Vault and Nodulator. The products are formulated with rhizobia, and help in offering maximum nitrogen fixation and increasing yield potential of the crops. The growing demand for agricultural inoculants has encouraged the company to focus on effective strategies, such as expansions and new product launches, to attain a leading position in the market. In 2017, the company expanded its manufacturing facility to increase the production of its inoculant brand, Nodulator Duo, a granular inoculant for pea and lentil production in Canada. It made an investment of CAD 10 million (USD 8.0 million). In 2019, the company launched an agricultural inoculant, New Nodulaid, specifically designed for the Australian farmers.