Industrial Alcohol Market: Increasing Demand for Petrochemicals Drives the Market

The industrial alcohol market for the chemical & biofuel industry has been growing in accordance with the increase in demand for petrochemicals and commercialization of alternative fuels such as bioethanol and bio-butanol.The application of industrial alcohol is varied across innumerable applications such as cosmetics, pharmaceuticals, and paints & coatings, due to their multi-functionality.Traditionally, industrial alcohol was largely derived from fossil fuels (coal, natural gas, petrochemical derived). Still, in recent years, a trend has been observed in the production of alcohols from biological sources (crops such as corn, wheat, sorghum, and sugarcane).The industrial alcohol is classified, based on type, into ethyl alcohol, methyl alcohol, isopropyl alcohol, isobutyl alcohol, benzyl alcohol.

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The global market for industrial alcohol market is projected to reach USD 180.83 billion by 2022, at a CAGR of 9.8%

The growing demand for bioethanol and increasing usage of alcohol in various applications across regions are projected to drive the market growth for industrial alcohol. The changing lifestyles, growing economy, and shift toward renewable resource utilization in developing economies have led to the increasing demand for alcohol in fuel and other applications. Also, governments across the world are encouraging the development of biofuel, guided by its several beneficial features, over and above fossil fuels. The development of economies plays an essential role in the increase in demand for biofuels in the global market.

Significant increase in awareness regarding the utilization of low carbon alternate fuels to drive the demand forindustrial alcohol

Industrial alcohol plays an important role in many applications, such as pharmaceuticals, fuel, personal care products, food ingredients, and chemical intermediates & solvents, among others. Among the various alcohols available commercially, ethyl alcohol is the most commonly used and widely accepted industrial alcohol, globally. The methyl alcohol segment is projected to dominate the industrial alcohol segment by 2022. The demand for bioethanol is the highest due to its high octane number and renewability. Ethyl alcohol is widely used in the food industries as a flavoring & coloring agent and also in candy glazing, whereas sorbitol and maltitol are the most common sweeteners.Alcohols also find applications in bakery and confectionery industries apart from beverages.Due to alcohol’s excellent disinfectant properties, it is used in home and industrial cleansing agents as well. Hence, antimicrobial property of ethyl alcohol helps it to be used in pharmaceuticals, for both drug development and non-oral applications.

Geographical Prominence

The largest market for industrial alcohol includesNorth America, which represent a large share of industry participants and consumers.The region is one of the largest exporters in the global ethyl alcohol market in the last two decades. The increase in demand for ethanol and methanol from the fuel industry is fueling the market in the region. The US is one of the largest producers of ethyl alcohol and the world’s largest producer of corn. Therefore, the US uses most of the produced corn to prepare industrial alcohol. The Asia Pacific region is the fastest-growing market for industrial alcohol, due toits increasing adoption of alcohol in applications such as cosmetics, pharmaceuticals, chemical intermediates, solvents, and fuel. Asia Pacific produces sugar-based ethyl alcohol, due to the abundant availability of sugar and molasses, which are the key raw materials for producing alcohol.Also, India has the highest potential for growth in the industrial alcohol sector due to the extensive agricultural land available and also the growth in demand for alcohol in different sectors. Due to these factors, Asia Pacific is projected to be the fastest-growing market for industrial alcohol.

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Conclusion

The multifunctional nature of industrial alcohol, ease of incorporation in a wide range of applications, and increase in demand for biofuel are the factors driving the industrial alcohol market. An increase in awareness concerning the environment deterioration among the global population fuels the demand for industrial alcohol.The industrial alcohol market has been segmented, by type, into ethyl alcohol, methyl alcohol, isopropyl alcohol, isobutyl alcohol, benzyl alcohol, and others. The ethyl alcohol segment has emerged as the most widely used industrial alcohol, owing to its multifunctional properties and its vast application in the energy sector as biofuel. The global demand for industrial alcohol from fossil fuels is seen to witness an exponential increase. Since ethyl alcohol is the largest produced industrial alcohol, and the USis the main producer of ethyl alcohol from corn, corn is estimated to have the largest share among all other sources.Industrial alcohol has been gaining importance in the fuel segment with an increase in demand for biofuels and the development of flex cars to boost the use of biofuels, for a safe and healthy environment. Top industrial alcohol manufacturers such as Cargill (U.S.), RaizenEnergia (Brazil), Green Plains Inc. (U.S.), Cristalco (France), and MGP Ingredients (U.S.)have been exploring the market in new regions by adopting key strategies. These companies have a high presence in Europe and North America. They also have their manufacturing facilities and strong distribution networks across these regions.

Top 10 Trends In Food Safety Testing And Technologies

‘Farm to Fork’ Food Safety Trend on a Rise Due to the Growing Consumer Awareness for Health and Wellness

The tremendously growing global food trade is evolving into complexity. Food safety has become a growing concern for consumers who are aware of the various technologies, and they demand more information regarding the products they are consuming. Food safety is an assurance that food is not contaminated and is good for consumption by the consumers. The key trends in the food safety testing industry are GMO testing, food authenticity testing, food pathogen testing, meat speciation testing, pesticide residue market, mycotoxin testing, and allergen testing. Along with this, regulatory mandates for each level in the value chain are also boosting the market growth.

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The global market for food safety testing and technologies is projected to reach USD 18.4 billion by 2022, recording a CAGR of 7.4%

The growing population has resulted in the rising demand for convenience and processed food. The growing food industry is eventually contributing to the growth of the food safety testing market, as farmers and manufacturers are compelled to offer high-quality agriculture produce and food products. Last few decades have observed an increase in the globalization of food trade, which has increased the risk of food contamination. The changing climatic conditions add to the problem of food safety threats. This is the reason the food safety testing market has gained importance recently. Furthermore, the rising awareness among consumers about the safety of health is fueling the global food safety testing market. With the technological advancement, the market growth is projected to be for in the next few years.

The ban on the production of GM crops has led to the high growth of the GMO testing market

The demand for GMO testing in crops has been increased due to the regulatory policies of governments of various countries, such as the Russian Federation, and a majority of the European Union nations to ban their production. The European Union, for instance, has only permitted the production of one variety of GM corn. Most of the samples tested in the European market are from imported crops or processed foods either from the US or countries in the Asia Pacific region. Due to the restricted regulations, the federal authorities opt for GMO testing to ensure the safety of products and compliance of products with regulations.

Increasing outbreak due to pathogens in food is a major market driver for pathogen testing

Incidences of foodborne illnesses have been increasing across the world. The primary incidences of foodborne illnesses have been attributed to pathogens such as salmonella, campylobacter, E. coli, and listeria. According to the FDA, in 2012, it was anticipated that nearly 48 million people in the US are affected by foodborne illnesses each year. In the US, foods with the highest chance of food poisoning are meat & poultry products. In the UK, around one million people suffer from foodborne illnesses, and nearly 20,000 people receive hospital treatment for the same. About 500 deaths have been reported due to food poisoning each year, which costs approximately Euro 1.5 billion. The prevalence of contaminants in food products responsible for foodborne illnesses has resulted in the introduction of new legislation for the implementation of pathogen testing.

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Conclusion

Rising awareness among consumers about food safety is the reason for the growth of the food safety testing market. Furthermore, the rising global food trade and foodborne illnesses have fueled the market for food safety testing. Using the right techniques and GMP for food preparation and handling processes can reduce the chance of food contamination. With technological advancement, various technologies were introduced in the food safety testing market. These include LC-MS, GC-MS, and HPCL. Among the various targets of food safety testing, GMO testing is estimated to witness the highest growth rate. The market for GMO testing is driven by the need to ensure sufficient nutrient consumption and safeguarding crops against damage. North America and Europe are the dominating regions in the food safety testing market. As water testing and analysis is an important aspect of food safety, the global bottled water testing market is projected to witness significant growth with CAGR of 5.3%. The food safety testing market is competitive, with a large number of players. The major players in the market are SGS (Switzerland), Mérieux (US), Intertek (UK), Eurofins (Luxemburg), and Bureau Veritas (France). The Asia Pacific region is an emerging market receiving investments from various multinational manufacturers, especially in countries such as China, Japan, and Australia.

Aquaculture Market worth $42.6 billion by 2023

The report Aquaculture Market by Rearing Product Type (Equipment, Chemicals, Pharmaceuticals, Fertilizers), Culture (Freshwater, Marine, Brackish Water), Species (Aquatic Animals, Aquatic Plants), Production Type, and Region – Global Forecast to 2023″The aquaculture market is projected to grow from USD 30.1 billion in 2018 to USD 42.6 billion by 2023, recording a compound annual growth rate (CAGR) of 7.2% during the forecast period. The major factors driving the growth of the aquaculture market include a decline in the amount of captured fish, rise in consumption of fish and other products due to their nutritional value, and growth in adoption of advanced technology and aquafarming methods.

The brackish water segment is projected to be the fastest-growing segment in the aquaculture market during the forecast period.

The aquaculture market is segmented, on the basis of culture, into freshwater, marine, and brackish water. The brackish water segment is projected to be the fastest-growing segment in the aquaculture market during the forecast period. This is attributed to its high adoption in underdeveloped countries such as those in Africa. Further, brackish water aquafarming involves culturing of fin and shell fishes that are found in the coastal environment; it has the capacity to supply required food fish on a regular basis, thereby contributing to food security through supplemented feeding and aquafarming methods.

The aquatic animals segment is projected to grow at a higher rate during the forecast period.

The aquatic animals segment is further divided into crustaceans, mollusks, finfishes, and others. The growing demand for protein-rich food in developing countries such as India, Bangladesh, Indonesia, and Vietnam is driving the demand for aquatic animals. Additionally, the government support for aquafarming, specifically in Asia Pacific and Africa, is growing to mitigate poverty levels, as aquaculture is an important source of employment in the coastal regions of these countries; this has prompted several aquaproduct manufacturers to invest in this segment in these two regions.

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The equipment segment is projected to account for the largest market share in the aquaculture market during the forecast period.

The aquaculture market is segmented, on the basis of rearing product type, into equipment, chemicals, fertilizers, and pharmaceuticals. The equipment segment is projected to be a leading segment in the aquaculture market. This is attributed to the rising adoption of advanced feeding systems to meet the rising demand for the inclusion of nutrients at an optimum level in the diets of aquatic animals. Furthermore, the growth in demand for seafood and decline in the volume of captured fishes is prompting the farmers to use equipment for higher production.

Asia Pacific is projected to be the fastest-growing region in the aquaculture market during the forecast period.

Asia Pacific is projected to be the fastest-growing region in the aquaculture market during the forecast period due to the rapid development of aquaculture in most of the countries in the region in terms of improving the food supply. The demand for aquaculture products is rising, as the farmers in this region are investing in new technologies and innovations in order to meet the increasing food supply and nutrient food. The consumption of fish and shrimp is witnessing an upward trend in the region, which aids the aquafarming industry.

Major vendors in the aquaculture market include Pentair Plc, (US), AKVA Group (Norway), Xylem Inc (US), Aquaculture Equipment Ltd (UK), Aquaculture System Technologies (US), Luxsol (Belgium), Pioneer Group (Taiwan), CPI Equipment Inc (US), Asakua (Turkey), FREA Aquaculture Solutions (Denmark), Lifegard Aquatics (US), Tan International Ltd (UK), Reef Industries Inc (US), Aquafarm Equipment AS (Norway), and Aquaculture of Texas, Inc (US).

Molluscicides Market worth $727.8 million by 2023

The report Molluscicides Market by Type (Chemical (Metaldehyde, Methiocarb, Ferric Phosphate) and Biological Molluscicides), Application (Agricultural and Non-Agricultural), Form (Pellets, and Liquid & Gel), and Region – Global Trends & Forecast to 2023″, The molluscicides market is estimated to be USD 587.8 million in 2018 and is projected to reach USD 727.8 million by 2023, at a CAGR of 4.4% during the forecast period. The high commercial losses incurred due to snail attacks on horticulture crops have increased the usage of molluscicides for these crops. Further, the golden apple snail (GAS) is among the growing species of snails that attack rice crops in Asian countries such as China and Japan. For this reason, the demand for biological molluscicides is increasing significantly across all regions.   

The agricultural segment is estimated to account for the larger share of the molluscicides market, by application, in 2018.

On the basis of application, the agricultural segment is estimated to hold the larger share of the molluscicides market in 2018. The agricultural application of molluscicides includes cereals & grains; fruits & vegetables; and oilseeds & pulses, while the non-agricultural application includes residential and commercial uses. The applicability of molluscicides is mainly limited to low-lying crops that are susceptible to attacks by snails and slugs that travel through water bodies.

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The chemical molluscicides segment is estimated to hold the larger share in 2018, by type.

On the basis of type, the chemical molluscicides segment dominated the global molluscicides market in 2018. Metaldehyde and methiocarb are the main active ingredients used in chemical molluscicides. For many decades, chemical molluscicides have been widely used in the market. However, the US EPA restricts the use of metaldehyde as a pesticide due to its negative impact on the environment and on the health of animals and humans.

North America is estimated to dominate the molluscicides market in 2018.

North America is estimated to be the largest market for molluscicides in 2018. The high production of corn, oilseeds, and horticulture crops in the region is the major driver for the molluscicides market. Bulk production of these crops creates the need for molluscicides to control insects, pests, and weeds for better and efficient production. The key players in the US market include AMVAC Chemical Corporation (US) and Marrone Bio Innovations Inc. (US). To gain market share, these companies are adopting strategies such as innovative product developments, partnerships, mergers & acquisitions, and expansions of existing facilities.

This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes profiles of leading companies such as Lonza Group (Switzerland), Bayer CropScience (Germany), American Vanguard Corporation (US), BASF (Germany), Adama Agricultural Solutions (Israel), Marrone Bio Innovations (US), De Sangosse (UK), Doff Portland (UK), Certis Europe (Netherlands), PI Industries (India), Syngenta (Switzerland), and Neudorff GmbH (Germany).

Dietary Fibers Market worth $9.6 billion by 2025

According to MarketsandMarkets, the Dietary Fibers Market by Type (Soluble and Insoluble), Application (Functional Food & Beverages, Pharmaceuticals, and Feed), Source (Fruits & Vegetables, Legumes, Cereals & Grains, and Nuts & Seeds), Processing Treatment, Region – Global Forecast to 2025″, 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.

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

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.

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The soluble fibers segment is projected to account for a major share in the dietary fibers market during the forecast period.

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 region dominates the dietary fibers market with a share of 34.4% in 2019, whereas Asia Pacific is to witness the highest growth rate.

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.

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).

Food Amino Acids Market worth 6.82 Billion USD by 2022

The report Food Amino Acids Market by Application (Nutraceutical & Dietary Supplements, Infant Formula, Food Fortification, Convenience Foods), Type (Glutamic Acid, Lysine, Tryptophan, Methionine), Source (Plant, Animal, Synthetic), and Region – Global Forecast to 2022″, food amino acids market is projected to reach a value of USD 6.82 Billion by 2022, at a CAGR of 7.8%, from 2016. The market is driven by factors such as increasing health concerns of consumers, growing demand for glutamic acid as a flavor enhancer, and surging demand for amino acids-based nutrition products.

The nutraceutical & dietary supplements segment, by application, is estimated to dominate the food amino acids market in 2016

The nutraceutical & dietary supplement segment, by application, is estimated to be the largest market for food amino acids, in 2016. Increase in demand for amino acids for various nutraceutical & dietary supplements, owing to the health benefits offered by amino acids is expected to fuel the demand for amino acids during the review period.

The glutamic acid segment, by type, is estimated to be the largest market in 2016

The glutamic acid segment, by type, is estimated to be the largest market in 2016. Increased use of glutamic acid as a flavor enhancer in various convenience and processed food applications such as snacks, ready-to-eat soups, and ready-to-eat meals has been driving its demand over the last few years. Growing demand for lysine in the nutraceutical & dietary supplements industry for enhancing the quality and health benefits of dietary supplements is expected to increase its demand across the globe.

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The synthetic segment, by source, is estimated to be the largest market in 2016

The synthetic segment, by source, is estimated to be the largest market in 2016. Amino acids produced by the synthetic method have been gaining high demand in the nutraceutical & dietary supplements industry, owing to the high purity amino acids offered by this segment. There is an increase in demand for plant-based amino acids in industries such as food, beverages, infant formula, nutraceutical, due to the rise in the inclination of consumers toward naturally derived ingredients.

The Asia-Pacific region is estimated to dominate the food amino acids market in 2016

The Asia-Pacific region is estimated to be the largest market for food amino acids in 2016. The increase in use of food amino acid as a flavor enhancer in the food industry and growth in concern for healthy diet among consumers are fueling the demand for food amino acids in the Asia-Pacific market. Major demand for food amino acids from the dietary supplement industry has been seen due to the growing trend of adding dietary supplements in consumer diet in this region.

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 Ajinomoto Co. Inc. (Japan), Kyowa Hakko Kirin Group (Japan), Evonik Industries AG (Germany), Sigma-Aldrich, Co. LLC (U.S.), Prinova Group LLC (U.S.), Daesang Corporation (Korea), Shaoxing Yamei Biotechnology Co., Ltd. (Japan), Qingdao Samin Chemical Co., Ltd. (China), Hugestone Enterprise Co., LTD. (China), Brenntag AG (Germany), Pangaea Sciences Inc. (Canada), Amino GmbH (Germany), Kingchem LLC (U.S.), Rochem International Inc. (U.S.), Sunrise Nutrachem Group (China), Taiyo international (Japan), Monteloeder S.L. (Spain), CJ Corporation (Korea), Kraemer Martin GmbH (Azelis) (Belgium), and Pacific Rainbow International, Inc. (U.S.).

Industrial Hemp Market worth $26.6 billion by 2025

The report Industrial Hemp Market by Type (Hemp Seed, Hemp Seed Oil, Hemp Fiber, and CBD Hemp Oil), Application (Food, Beverages, Personal Care Products, Textiles, and Pharmaceuticals), Source (Organic and Conventional), and Region – Global Forecast to 2025″, The industrial hemp market is projected to grow from USD 4.6 billion in 2019 to USD 26.6 billion by 2025, recording a compound annual growth rate (CAGR) of 34.0% during the forecast period. The major factors driving the growth of the industrial hemp market include increasing legalization in the cultivation of industrial hemp, functional properties of hemp seed and hemp seed oil, and their growing use in different food applications, and increase number of chronic diseases.

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The CBD hemp oil segment is projected to be the fastest-growing segment in the industrial hemp market during the forecast period.

The industrial hemp market is segmented, based on type, into hemp fiber, hemp seed, hemp seed oil, and CBD hemp oil. The CBD hemp oil segment is projected to be the fastest-growing segment in the industrial hemp market during the forecast period. This is attributed to the growing usage of CBD hemp oil in various applications such as personal care, health supplements, and food & beverages products. Furthermore, the numerous health benefits of CBD hemp oil make it useful to treat and prevent conditions like anxiety, depression, pain, and acne are also expected to drive the growth.

The food segment is projected to account for the largest market share in the industrial hemp market during the forecast period.

The industrial hemp market is segmented, based on application, into food, beverages, textiles, personal care products, pharmaceuticals, and others. The food segment is projected to be a leading segment in the industrial hemp market. This is attributed to the usage of hemp in food products, as these are rich in essential fatty acids (linoleic and linolenic); vitamin E; as well as minerals such as phosphorus, potassium, sodium, magnesium, calcium, zinc, iron, and protein. Hemp is mostly consumed in the form of hemp seed, raw or roasted. It is added to salads, smoothies, yogurt, and cereals. The growing consumption of plant-based protein, owing to the popularity of veganism, globally, is expected to increase the demand for hemp-based processed food products such as bars, flour, snacks, and cheese.

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The European region is projected to be the fastest-growing region in the industrial hemp market during the forecast period.

The European region is projected to be the fastest-growing region in the industrial hemp market during the forecast period owing to growth in consumption of hemp seeds as food as well as their wide application in other food products such as smoothies, yogurt, cereals, and bars especially in countries such as Germany and the Netherlands. Furthermore, increasing legalization of industrial hemp in the European region in the coming years is expected to boost the industrial hemp market.

Major vendors in the industrial hemp market include Hempco (Canada), Ecofibre (Australia), Hemp Inc. (US), GenCanna (US), HempFlax BV (Netherlands), Konoplex Group (Russia), Hemp Oil Canada (Canada), BAFA (Germany), Hemp Poland (Poland), Dun Agro (Netherlands), Colorado Hemp Works (US), Canah International (Romania), South Hemp Tecno (Italy), Plains Industrial Hemp Processing (Canada), and MH Medical Hemp (Germany).

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).

Oleoresins Market worth $1.7 billion by 2025

The report Oleoresins Market by Source (Paprika, Capsicum, Seed spices, Turmeric, Herbs, Ginger, Cinnamon & cassia), Application (Food & Beverages, Pharmaceutical & Nutraceutical, Personal Care Products, Feed), Extraction Process, and Region – Global Forecast to 2025″ According to MarketsandMarkets, the oleoresins market is estimated to be valued at USD 1.2 billion in 2019 and is projected to reach USD 1.7 billion by 2025, recording a CAGR of 6.0% from 2019 to 2025. The rapidly growing demand for natural flavors in the food & beverage industry and the wide application of oleoresins in various other industries such as pharmaceuticals, personal care, and feed sectors are some of the key factors driving the growth of the market. 

The pharmaceuticals & nutraceuticals segment is projected to witness the fastest growth during the forecast.

Based on application, the oleoresins market is segmented into pharmaceuticals & nutraceuticals, food & beverages, personal care products, and feed. The pharmaceuticals & nutraceuticals segment is projected to witness the fastest growth during the forecast period, due to the increasing preference for herbal medicines and increasing intake of natural dietary and health supplements in developed and developing countries.

Capsaicinoids present in capsicums possess antibiotic characteristics. Thus, they act as an ailing agent in medicines and reduce pain sensations. Capsicum oleoresins also find applications in the nutraceuticals industry as key ingredients in supplement formulations, which helps in managing body weight. These factors are collectively projected to drive the pharmaceuticals & nutraceuticals segment in the oleoresins market during the forecast period.

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The seed spices segment is projected to witness the fastest growth in the oleoresins market during the forecast period.

By source, the oleoresins market is segmented into paprika, capsicum, seed spices, ginger, turmeric, cinnamon & cassia, herbs, and others. Some of the key oleoresins are extracted from the seeds of plants such as black pepper, cardamom, cumin, mustard, nutmeg, and fenugreek. Black pepper oleoresins are one of the majorly used oleoresins and find applications in hard and soft candies, chewing gums, baked products, ice creams, dairy products, alcoholic beverages, soft drinks, snacks, and canned food products. Besides their use in the food industry, oleoresins from black pepper are also used in the pharmaceutical & nutraceutical industries. Other seed spice oleoresins such as cardamom and fenugreek are also very popular due to their aroma and taste. The increasing number of applications for seed spice oleoresins is driving its market growth.

The North American region is estimated to dominate the oleoresins market, in terms of value, in 2019

The oleoresins market in North America is projected to witness high growth due to the strong local and export demands. The US is one of the major importers of oleoresins across the globe. Although the production of oleoresins in the North American region is not at par with the domestic demand and the consumption rate in the region is comparatively higher. Oleoresins witness high demand in the processed food sector in developed countries, where the purchasing power of consumers is high as compared to the developing countries. The growth in the pharmaceutical industry and increasing consumer preferences for natural diet supplements in the North American countries are projected to drive the growth of the oleoresins market in the region.

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 Akay Group (India), Synthite Industries Pvt. Ltd. (India), AVT Naturals (India), Givaudan (Switzerland), PT Indesso Aroma (Indonesia), Vidya Herbs Private Limited (India), Ungerer & Company (US), Kancor Ingredients Ltd. (India), Plant Lipids (India), Kalsec Inc.(US), Gazignaire (France), and Universal Oleoresins (India).