The shelf-life testing market was valued at USD 3.19 billion in 2017; it is projected to reach USD 4.76 billion by 2023, at a CAGR of 7.0% during the forecast period. Stringent safety regulations for food products, increase in the outbreak of foodborne illnesses, and growth in demand for packaged and convenience food are factors driving this market.Market Dynamics

Drivers
·         Stringent Safety Regulations for Food Products Result in the Adoption of Shelf-Life Testing Services

·         Increase in Outbreaks of Foodborne Illnesses

·         Growth in Demand for Packaged and Convenience Foods

Restraints

·         Lack of Market Coordination & Standardization and Improper Enforcement of Regulatory Laws & Supporting Infrastructure in Developing Economies

Opportunities

·         Adoption of Newer Technologies

Challenges
·         High Costs Associated With Procurement of Rapid Shelf-Life Testing Equipment

·         Lack of Harmonization of Shelf-Life Regulations

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The shelf-life testing market, by parameter, is estimated to be dominated by the microbial contamination segment and is also projected to be the fastest-growing. Microorganisms pose serious health problems, resulting in strict regulations imposed by national governments and international bodies with respect to maximum content levels in food products. As a result, shelf-life testing is essential to ensure that the microbial content in the food product is limited to only a certain level throughout its shelf life, thereby contributing to consumer safety and complying with regulatory limits.

Scope of the Report:

This research report categorizes the shelf-life testing market based on parameter, food tested, method, technology, and region.

Based on parameter the market has been segmented as follows:

• Microbial contamination
• Rancidity
• Nutrient stability
• Organoleptic properties
• Others (water activity, pH, and moisture content)

Based on food tested, the market has been segmented as follows:

• Packaged food
• Beverages
• Bakery & confectionery products
• Meat & meat products
• Dairy, dairy products, and desserts
• Processed fruits & vegetables
• Others (fats & oils and food additives & ingredients)

Based on method, the market has been segmented as follows:

• Real-time
• Accelerated

Based on technology, the market has been segmented as follows:

• Equipment- & kit-based
• Manual tests  

Based on region, the market has been segmented as follows:

• North America
• Europe
• Asia Pacific
• RoW (South America, Africa, and the Middle East)

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The Asia Pacific market is projected to grow at the highest CAGR from 2018 to 2023. Growth in the Asia Pacific region can be attributed to factors such as growth in the number of shelf-life testing laboratories in India and China, the rise in the number of incidences of bacterial infectious diseases in the region, and growing adoption of convenience and packaged food on the region.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as SGS (Switzerland), Bureau Veritas (France), Intertek (UK), Eurofins (Luxembourg), and ALS Limited (Australia). TÜV SÜD (Germany), TÜV NORD GROUP (Germany), Mérieux (US), AsureQuality (New Zealand), RJ Hill Laboratories (New Zealand), SCS Global (US), Agrifood Technology (Australia), Symbio Laboratories (Australia), Microchem Lab Services (Pty) Ltd (South Africa), and Premier Analytical Services (UK) are other players that hold a significant share in the shelf-life testing market.

The market for specialty food ingredients is projected to reach a value of USD 91.2 Billion by 2020, growing at a CAGR of 5.5% from 2015

This report defines and segments the specialty food ingredients market with analyses and projections of the market size, in terms of value. The market has been segmented on the basis of types, applications and regions. The report also identifies the driving and restraining factors of the global market with an analysis of trends, opportunities, and challenges. The market is segmented and the market size is projected on the basis of key regions such as North America, Europe, Asia-Pacific, and Rest of the World (RoW).

Market Dynamics:

Drivers

•             R&D and technological innovations

•             Uproar for convenience foods

•             Nutrition and taste convergence

•             Growing end-user applications

Restraints

•             Raw material availability and infrastructural & technological barriers

•             Vulnerability to seasonal changes

•             Poor supply chain

Opportunities

•             Opportunities in the emerging markets

Challenges

•             Food safety concerns and regulations

•             Consumer’s perception of E numbers

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The stricter legislatives and regulations with respect to food safety and shelf-life, implied that processing industries are keen on getting the right formulation to present the best food product to the consumer, and specialty food ingredients play a pivotal role in this aspect. The main driving forces for the growing market are the advanced technology, nutrition and taste convergence, rise in convenience food sector and growing end users applications.

Report Scope

By Ingredients

•             Functional food ingredients

•             Sugar substitutes

•             Flavors

•             Specialty starches

•             Acidulants

•             Emulsifiers

•             Preservatives

•             Colors

•             Enzymes

•             F&B Starter cultures

By Application

•             Bakery and confectionery

•             Beverages

•             Dairy and frozen foods

•             Convenience foods

•             Meat products

•             Functional foods/beverages/dietary supplements

•             Oils and fats

•             Others*

*Others include savory snacks, sauces, dressings, and condiment.

By Region:

•             North America

•             Europe

•             Asia Pacific

•             RoW

North America dominate global specialty food ingredients market followed by Asia-Pacific region. The Asia-Pacific food and beverage sector is greatly influenced by the consumer preference for healthy food which is a major driver for functional food ingredients. The implementation of R&D and technological innovations and collaborations with such companies has been moving at a high pace resulting in the new product launches, expansions to emerging countries and partnerhsips. With economies showing positive signs of recovery, on-going industrialization, increasing demand for processed foods, and a greater preference on the part of consumers for quality products, ingredient suppliers are becoming optimistic about the future of the market.

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Target Audience

•             Manufacturers/suppliers

•             Research & development laboratories

•             Regulatory bodies

•             Intermediary suppliers

•             End users

The major market players responsible for the growth in specialty food ingredients market are Archer Daniel Midland (U.S.), Royal DSM N.V. (The Netherlands), Kerry Groups (Irelands), Cargill Inc. (U.S.), E. I. DuPont de Nemours and Company (U.S.), Givaudan Flavors (Switzerland), Sensient Technologies (U.S.), CHR. Hansen (Denmark), Ingredion Incorporated (U.S.), and Tate & Lyle PLC (U.K.).

The report “Specialty Fats & Oils Market by Oil Type (Palm, Soybean, Rapeseed, Coconut), Fat Type (CBE, CBR, CBS, CBI), Application (Chocolates & Confectioneries, Bakery, Dairy Products), Form (Dry, Liquid), and Region – Global Forecast to 2023″, The markets for specialty fats and oils were valued at USD 2.13 Billion and USD 14.67 billion in 2017 and are projected to reach USD 3.66 Billion and USD 21.19 Billion by 2023, at CAGRs of 9.4% and 6.3%, respectively. The market is driven by factors such as the increasing gap between cocoa butter demand & supply and an increase in the consumption of confectionery and processed foods. The major players in the food industry are investing in R&D activities to expand their specialty fats & oils product portfolios and attract more consumers by providing innovative products.

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The cocoa butter equivalent segment accounted for the largest share of the specialty fats market, by type, in 2016.

On the basis of fat type, cocoa butter equivalents accounted for the largest share of the specialty fats market in 2016, followed by cocoa butter substitutes. CBEs are completely compatible with cocoa butter; also, their physical properties are extremely similar to that of cocoa butter. CBEs can be used as replacements for cocoa butter and can also be blended with cocoa butter without compromising on its rheological and processing characteristics. CBEs facilitate extended shelf-life and retard the bloom formation in chocolates, thus enhancing the functionality of the end product.

Bakery products accounted for the largest market share in the specialty fats market in 2016.

On the basis of application, bakery products accounted for the largest market share in 2016. High-income countries such as the UK, Canada, the US, Germany, and Spain have experienced a growth in the production and consumption of ultra-processed food, mainly bakery products such as bread, pastries, cakes, and cookies, in the past few years. Shortenings, creaming fats, and specialty oils such as cake oils are increasingly used to enhance the product performance and ensure higher consumer acceptance. These factors have accelerated the growth of this segment.

The dry segment accounted for a larger market share in the specialty fats market in 2016.

On the basis of form, the dry form of specialty fats accounted for a larger market share, followed by the liquid form.

Commercially, vegetable oils are processed to attain a solid fat with optimum fat content to provide the required melting properties in a particular application. Their dry form also helps them to function as a replacer for dairy and cocoa fats and bear a resemblance either in physical and/or chemical properties to dairy butter, dairy whipping cream, and cocoa butter without compromising on the palatability and quality of the end product. Due to these factors, the market for the dry form of specialty fats accounted for a larger share.

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The Asia Pacific dominated the specialty fats & oils market in 2016.

The Asia Pacific accounted for the largest market share in 2016. The specialty fats & oils market is consolidated in the Asia Pacific and dominated by a few companies such as The Nisshin Oillio Group, IOI Loders Croklaan, Manildra, D&L Industries, Fuji Oil, Musim Mas, Mewah International, and Wilmar International. In Asia Pacific countries such as China and Indonesia, the specialty fats & oils market is driven by the rising preferences for bakery products, chocolates, and confectioneries. Also, Malaysia and Indonesia are the world’s largest producers and exporters of palm oil. These factors have fueled the growth of the specialty fats & oils market in the Asia Pacific region.

This report includes a study of the marketing and development strategies, along with the product portfolios of the leading companies. It includes the profiles of leading companies such as Cargill (US), Wilmar International (Singapore), Bunge (US), AAK AB (Sweden), IOI Group (Malaysia), Manildra (Australia), D&L Industries (Philippines), Fuji Oil (Japan), Musim Mas (Singapore), Mewah International (Singapore), IFFCO (UAE), and The Nisshin Oillio Group (Japan).

The report “Dry Milling Market for Corn by End Product (Ethanol, DDGS, Corn Grits, Cornmeal, and Corn Flour), Application (Fuel, Food, and Feed), Source (Yellow Corn and White Corn), and Region – Global Forecast to 2022″, The global dry milling market for corn is estimated to be valued at USD 67.73 Billion in 2017. This market is projected to reach USD 88.61 Billion by 2022, growing at a CAGR of 5.5%. The market is driven by the demand for a variety of corn dry-milled products from the food industry and also owing to factors such as the use of corn as one of the main ingredients in feed, and the increasing demand for corn ethanol as biofuel.

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The ethanol segment, by end product, is projected to grow at the highest CAGR from 2017 to 2022

The ethanol segment dominated the dry milling market for corn in 2016. Ethanol production has drastically displaced corn supply for food and livestock feed applications in the developed countries across the world. Corn millers in the developed markets prefer producing ethanol from corn, as there have been massive production of corn in countries such as the U.S. Ethanol is considered a clean and low-cost octane booster. It provides oil refiners with the lowest-cost solution to upgrade the octane content of gasoline to the minimum levels required for sale. Moreover, in countries such as the U.S., Brazil, China, and other key producers of ethanol, an increasing production of renewable ethanol has been observed and linked to declining imports of petroleum.

The yellow corn segment accounted for largest market share in 2016.

In 2016, the market was dominated by yellow corn. Yellow corn is widely used to manufacture ethanol in the developed markets. Yellow corn contributes the bulk of the total global corn production and international trade. Its abundant production and its nutrient profile complement its usage for ethanol production of corn-dry-milling process. High demand for a clean and renewable corn-based ethanol is estimated to contribute to the market growth for yellow corn.

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Asia-Pacific is projected to grow at the highest CAGR from 2017 to 2022

The Asia-Pacific region comprises of countries with an abundance of corn production; hence, the agri industry in this region is well-developed as compared to the other regions of the world. Corn dry-milled products and by-products obtained by the corn dry-milling process are used in manufacturing various food, feed, and biofuel products. The growth of corn dry-milled products in this region is driven by the presence of potential consumers such as China, Japan, India, and other developing nations.

China is the second-largest producer and consumer of corn in the world. Companies in this region are focusing on producing quality products by using improved and environmentally friendly raw materials, combined with innovative technical abilities to satisfy the needs and demands of customers. Several joint ventures, acquisitions, and collaborations are taking place between the global key players, which are expected to change the dynamics of the Asia-Pacific corn market. Also, due to low labor cost and execution of new processing methods, most of the production of corn products is carried out in the Asia-Pacific region.

The global specialty yeast market is estimated to be valued at USD 2.7 billion in 2019 and is projected to reach about USD 4.0 billion by 2025, at a CAGR of 7.2%. The growth of this market is due to the rising demand for bakery products and a positive trend in the consumption of alcoholic beverages. Emerging economies such as China, India, and Brazil offer several opportunities for market expansion.

The Saccharomyces cerevisiae segment is estimated to witness the fastest growth in the specialty yeast market in 2019

Saccharomyces cerevisiae is used in the the fermentation of kefir, coffee & cacao beans, and other traditional fermenting products. There is a growing demand for fermented products from the consumers in the Asia Pacific region aiding the growth of the specialty yeast market.

The food segment, by application, is estimated to account for the largest market share in the specialty yeast market in 2019

By application, the specialty yeast market is segmented into food, beverage, feed, and others which include pharmaceuticals, chemicals, cosmetics, and personal care products. The food industry makes use of specialty yeast to improve the organoleptic properties of the food. Hence, the food segment is accounted to hold the largest market share in the specialty yeast market during the forecast period.

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Increasing R&D activities for creating yeast alternatives to replace specialty yeast in the fermentation industry.

Due to the increasing demand of specialty yeast from several application industries, the need or producing new alternatives to specialty yeast has arisen. Several companies are investing in developing new alternatives to yeast extracts sourced from plants, which are cost-effective as compared to specialty yeasts which can cause a disruption in the specialty yeast market.

The European region is projected to dominate the specialty yeast market through the forecast period

In 2019, the European region is projected to lead the global specialty yeast market. Factors such as increasing consumption of alcoholic beverages and the growth in awareness among the consumers about the health benefits associated with natural and clean label products is driving the growth in the European region. The specialty yeast market in this region has grown rapidly as a spill over effect of the growing food processing industry and stringent regulations on synthetic ingredients used in the products, paving the way for natural ingredients such as yeast derivatives.

This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the specialty yeast market. It includes the profiles of leading companies such as Archer Daniels Midland (US), Associated British Foods (UK), Lallemand (Canada, Koninklijke DSM N.V (Netherlands), ), Chr. Hansen (Denmark) Kerry (Ireland), Lesaffre (France, Biorigin (Brazil), Beldem (Blegium), ), Angel Yeast (China) Kemin Industries (US), Leiber (Germany), Synergy Flavors (UK), Nutreco N.V (Netherlands), and Levex (Turkey).

The report “Specialty Enzymes Market by Type (Carbohydrases, Proteases, Lipases, Polymerases & Nucleases, and Other enzymes), Source, Application (pharmaceuticals, Research & Biotechnology, Diagnostics, and Biocatalysts), Form, and Region – Global Forecast to 2025″ According to MarketsandMarkets, the specialty enzymes market is estimated to be valued at USD 4.4 billion in 2019 and is projected to reach USD 6.6 billion by 2025, recording a CAGR of 6.9% in terms of value. The growing concerns about the enzyme quality in pharmaceuticals & diagnostics and rise in demand for non-harmful biological catalysts are factors that are projected to drive the growth of the specialty enzymes market, globally.

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Market Dynamics

Drivers

• Rise In Demand For Non-Harmful Biological Catalysts In Pharmaceuticals & Diagnostics

Restraints

• Lack Of Harmonization In The Regulatory Framework

• High Adoption Costs Involved For Small & Medium Enterprises

Opportunities

• Alternative To Chemical Catalysts

• Technological Innovations And Wide Industry Scope

• Launching Enzymes With Long Shelf Life

Challenges

• High Raw Material Costs Limiting Enzyme Usage

• Concern Over Quality Of Enzymes Used In Pharmaceuticals & DiagnosticsScope of the report

By Type

• Carbohydrases
  • Amylases
  • Cellulases
  • Other carbohydrases
• Proteases
• Lipases
• Polymerases & nucleases
• Other enzymes

By Source

• Microorganisms
• Plants
• Animals

By Application

• Pharmaceuticals
• Research & biotechnology
• Diagnostics
• Biocatalysts

By Form

• Liquid
• Dry

By Region

• North America
• Europe
• Asia Pacific
• Rest of the World (RoW)
  • Brazil
  • Argentina
  • South Africa
  • Others in RoW
    

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The North American region dominated the specialty enzymes market with a market share of 48.8% in 2018, whereas Asia Pacific is projected to witness the highest growth rate.

The specialty enzymes market in North America is dominating due to the increasing demand for enzymes in specialty applications. Technological innovations in machinery, optimization of production, logistics, and globalization of business have made the pharmaceutical industry one of the essential sectors in the North America region. 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 specialty enzymes market in Asia Pacific region. The use of specialty enzymes in biotechnology advancements such as drug cloning, transgenic organisms, and gene modification has been fueling the market in Asia Pacific. Furthermore, the European consumers have shown an inclination toward clean-label and organic products. This has enabled manufacturers to consider organic ingredients as key components of the products. Due to this, the specialty enzymes market in the European region is led by the growing focus on the production of pharmaceutical products, 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), Roche Holding (Switzerland), DuPont (US), Codexis (US), Dyadic International (US), Advanced Enzymes (India), Amano Enzymes (Japan), Sanofi (France), Biocatalysts (UK), Enzyme Supplies (UK), BBI Solutions (UK), Specialty Enzymes & Probiotics (US), Amicogen (South Korea), Antozyme Biotech (India), Enzyme Development Corporation (US), Nagase & Co. Ltd. (Japan), Sekisui Diagnostics (US), Merck (Germany), and Biovet (Bulgaria).

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).

Pet Food Processing Market 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.

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Key Market Players

Key vendors operating in the global pet food processing market include 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). These players have broad industry coverage and high operational and financial strength.

Scope of the report

Based on Application, the pet food processing market has been segmented as follows:

•             Dog food

•             Cat food

•             Fish food

•             Other applications (pet food for tortoises, rabbits, and ornamental birds)

Based on Form, the pet food processing market has been segmented as follows:

•             Dry

•             Wet

Based on the Type, the pet food processing market has been segmented as follows:

•             Mixing & blending equipment

•             Forming equipment

•             Baking & drying equipment

•             Coating equipment

•             Cooling equipment

•             Other types (vacuum pumping and stuffing machines)

Based on the Region, the pet food processing market has been segmented as follows:

•             North America

•             Europe

•             Asia Pacific

•             South America

•             RoW (the Middle East and Africa)

The dog food segment is estimated to account for the largest share in the market.

The dog food segment is estimated to dominate the pet food processing market, on the basis of application, in terms of value, in 2019. Dog food is witnessing increased demand due to the increasing dog population across regions. The increasing trend of pet humanization has also encouraged dog owners to accept them as companions due to their friendliness, which is projected to drive the demand for premium dog food products, thus contributing to the growth of the overall market.

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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.