Growing Consumption of Fermented Products for Health Claims Fueling the Demand for Fermenters

Consumers are focusing on having healthy lifestyles through the consumption of various fermented products that impart better gut health. Consumers’ perception about fermented products is rapidly growing as a result of the increasing health benefits provided by these products. The psychological health benefits provided by fermented products are gaining high traction among consumers through health claims that include immunity, cardiovascular, digestive, and slimming aids. Consumers are expecting a variety of new categories in fermented products that help promote sleeping and decrease internal body heat. For instance, fermented food producers have started the usage of probiotics in kombucha, a fermented tea drink, due to the  increased health benefits offered. Hence, the increasing consumer focus on the consumption of fermented food products for various health claims is another factor to drive the growth of the fermenters market.

The global market for fermenters is projected to reach USD 1.68 billion by 2023, at a CAGR of 8.4%

The fermenters market is majorly driven by their application in food, beverages, and healthcare products & cosmetics. The market is driven by consumer awareness about the health benefits provided by fermenters; these include improved immunity, digestion, and weight management associated with fermented products. Fermenters are broadly used for producing microbial cultures that are used in the production of alcoholic fermentation of beverages, such as beers and wines. They are also used in food products such as yogurt, pickles, kombucha, tempeh, kimchi, bakery & related products, and antibiotics.

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Rise in consumption of fermented beverages across the globe drives the growth prospects of fermenters

The rapidly growing fermented beverage industry is expected to dominate and drive the demand for fermenter systems and solutions during the forecast period, owing to the growing popularity of a variety of beers and wines in the emerging economies, worldwide. According to the Brewer’s Association, in 2017, the craft beer sales continued to grow at a rate of about 5%, by volume, which reached 12.7% of the US beer market. According to the TTB and US Commerce, 2018, the US domestically produced about 83% of the beer;  and 17% of it was imported from more than 100 different countries. According to TTB preliminary reports, the US recorded about 5,648 brewery production facilities in the region in 2017. According to the Brewers of Europe Organization, in 2016, Germany, the UK, Poland, Spain, and the Netherlands recorded high growth in beer production. Thus, the growing popularity of beer among consumers is expected to lead to the exponential growth in demand for fermented beverages, thereby increasing the demand for fermenters used for alcoholic fermentation of these beverages. Hence, the beverages segment, by application, is projected to be the largest and fastest-growing market between 2018 and 2023.

Geographical Prominence

Asia Pacific is the fastest-growing region in the global economy. Fermentation advancements in the Asia Pacific food & beverage industry have resulted in more opportunities for the fermenters market. The region is expanding as a leading region in the production of a variety of probiotic-based foods, beverages, and dietary supplements. Innovations have also been reported in the dessert, confectionery, and fermented food sectors in the region. India is one of the fastest-growing markets for fermenters due to the increase in demand for fermented food, beverage, and healthcare products in the country.

Factors driving the growth of the Asia Pacific fermenter market are increase in awareness among consumers about fermented food products, rise in demand for cheese and related products among consumers, growing incidences of antibiotic-resistant infectious diseases—which has led to the demand for microorganisms or microbial strains using fermenters, growing health awareness, the rising demand for fortified fermented food products, and the increasing preference for natural products.

Factors driving the growth of the Asia Pacific fermenter market are increase in awareness among consumers about fermented food products, rise in demand for cheese and related products among consumers, growing incidences of antibiotic-resistant infectious diseases—which has led to the demand for microorganisms or microbial strains using fermenters, growing health awareness, the rising demand for fortified fermented food products, and the increasing preference for natural products.

Emerging economies such as India, Brazil, and Mexico have the favorable market potential for fermented food products, which has led food manufacturers in these countries to adopt strategies, such as expansions, to cater to the rising demand and use of fermenters to increase the production capacity of fermented products.

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Conclusion

The major players in the fermenters market have adopted strategies, such as acquisitions, partnerships, investments, expansions, and agreements, to achieve growth. Companies are involved in major acquisitions and joint ventures that have strengthened their market positions in the fermenters market and expansion in their product portfolios and production capacity facilities.

Rise in demand and consumption for fermented food & beverages, such as cheese, beer, and wine, and the increasing awareness among the consumers relating to food preservation and benefits of the fermentation process are the major factors that are expected to fuel the growth of the fermenters market in the next coming years. The popularity of super premium beers and imported beers is increasing among the young population, given the increasing disposable income in developed economies. Furthermore, new technological innovations in fermenter design, coupled with the rising advancements in the food industry, such as the advent of cultured and plant-based meat, will spur the market growth in the coming years.

Lutein Market – Anticipated To Witness High Growth In The Near Future

The report “Lutein Market by Form (Powder & Crystalline, Oil Suspension, Beadlet, Emulsion), Source (Natural, Synthetic), Application (Food, Beverages, Dietary Supplements, Animal Feed), Production Process, and Region – Global Forecast to 2022“, published by MarketsandMarkets™, The market for lutein, in terms of value, is estimated to be USD 263.8 Million in 2017, and is projected to reach USD 357.7 Million by 2022, at a CAGR of 6.3% from 2017.

The increase in demand for lutein as a natural colorant in food and beverage applications, rise in demand for eye health supplements, and the use of lutein in animal feed additives are expected to drive the demand for this ingredient in various consumer markets. Lutein plays a vital role in preventing age-related macular degeneration (AMD) disease. The Lutein Market, over the past few years, has been largely driven by the growing demand health supplements that contain lutein. Eye health supplements that contain lutein help preventing/curing eye diseases such as AMD and cataract. However, currently, the manufacturers are increasingly inclined to invest in other end-use applications and hence the market for dietary supplements application is growing at a lower rate when compared to applications such as food and beverages.

Key Players:

  • BASF (Germany)
  • Chr. Hansen (Denmark)
  • E.I.D. Parry (India)
  • Kemin (US)
  • OmniActive (India)
  • Zhejiang Medicine (China)

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The dietary supplements segment expected to dominate the Lutein Market through 2022.

In 2016, the dietary supplements segment accounted for the largest share, by application, in the Lutein Market in terms of value and volume, as lutein is mainly associated with the eye health and is increasingly used as an ingredient in the eye health supplements.

Naturally sourced lutein is projected to be the faster-growing market during the forecast period.

The natural segment is projected to grow at a higher CAGR from 2017 to 2022. Growing awareness about the benefits of naturally obtained lutein and the increasing health conscious population leads to increased spending on high-quality lutein products, subsequently driving the market for naturally sourced lutein.

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The emulsions segment is projected to be the fastest-growing segment in the Lutein Market from 2017 to 2022.

The demand for emulsion form of lutein is increasing around the globe, especially in developing countries such as China, India, and Brazil. Lutein emulsion is generally used in food and beverage applications and is currently used in cosmetics as well. Fortified food emulsion is widely used in the functional food segment wherein carotenoid-protein complex is used to prepare an emulsion. Leading players are gradually expanding their product range by developing lutein emulsion for the food industry. The emulsion segment is hence projected to be the fastest-growing segment in the Lutein Market from 2017 to 2022.

Asia Pacific is projected to be the fastest-growing regional market for lutein.

The Asia Pacific region is projected to be the fastest-growing market for lutein over the next five years, owing to increase in overall economic growth which has led to an increase in urbanization and rapid industrialization and subsequent growth in the consumer markets of China, India, Australia, and Japan.

In this region, countries such as India, China, and Japan hold a major share of more than 60% of the Asia Pacific Lutein Market. India is one of the fastest-growing markets for lutein in the Asia Pacific region. The changing lifestyle and preferences, increasing awareness regarding the benefits of lutein, the growth of the health-conscious population, higher disposable incomes, and growth of the middle-class population are some of the factors driving the growth of lutein the market in India.

Need for Higher Productivity Using Limited Land Area Drives the Potash Fertilizers Market

“Potash” is a synonym term usually used for “fertilizer potassium”, in crop production techniques. It is a plant macronutrient that is available in the form of potassium chloride (KCl) or potassium sulphate (K₂SO₄) in the soil. Potassium is one such nutrient that is not stored by human body and needs to be continually supplemented for from dietary sources, which necessitates the presence of potassium in appropriate quantities in the food crops. One potassium form that is highly used in fertilizers in “Potassium oxide” (K2O), along with some other elements that enhance its solubility in the soil. The fertilizers are either in solid form which is powder, or liquid form. These are directly applicable via methods like broadcasting, foliar spraying, and fertigation.

The global potash fertilizers market is estimated to be valued at USD 21.60 billion in 2017, and is projected to reach USD 26.87 billion by 2022, at a CAGR of 4.47%. The potash fertilizers market is driven by the rise in need for higher productivity using limited land area and increase in applicability of potash fertilizers. There is rising trend toward the consumption of organic food & food products, those which are produced without any synthetic or chemical inputs or with only natural or biofertilizers. This has been considered as one of the restraining factors for the market.

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Supply-Demand indexes for potash based:

According to the “Status of the World soil resources” report 2016 of “Food and Agricultural organisation” of U.N,  soil erosion is estimated to wash off around 15-26 million tonnes of potassium (K), from the agricultural lands all over the world. These losses need to be curbed through external supply of the nutrient into the soil. A steady rise in the supply of potash fertilizers has been observed over the years 2015-2020.

The world fertilizer demand is projected for year 2020, by the “World Fertilizer trends and outlooks” report of “Food and Agricultural organisation” of U.N, the demand for the potash along with expected rise in CAGR.

Future Market Prospects and Challenges:

The fertilizers market is greatly driven by substantial natural factors such as, rising soil erosion levels, nutrient imbalances in the soils, land take or increasing urbanisation leading to lesser availability of agricultural lands, and soil acidification. Macro-economic factors driving the market include rising population in turn rising food demands globally, dependence on fertilizers for larger volumes of produce, and decreasing arable lands in different regions. The global potash fertilizers market was valued at USD 20,724.6 Million in 2016, and was projected to rise at a CAGR of 4.47% from 2017-2022. Over these the potential challenges that the fertilizer market faces today cannot be underestimated, such as rising awareness regarding organic soil management practices, rising consumption of organic foods, advancements of agricultural technologies and machineries.

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Although the market for these fertilisers has its drivers and challenges in equity, demand of potash as an agricultural nutrient has still managed to experience constancy in the level of demand over the years, and is expected to keep steadily rising. Infact potash fertilizer prices have risen by approximately 10% in 2019, due to the rise of prices of potash as a raw materials, which denotes significant opportunities in the market.

Growing Demand For Functional and Convenience Food Products and the Rising Trend of Clean Label Drive the Gelatin Market

The global gelatin market size is projected to grow from USD 2.6 billion in 2018 to USD 3.6 billion by 2023, at a CAGR of 6.6% during the forecast period. The gelatin market is driven by various factors such as the growing demand for functional and convenience food & beverage products, increasing application in the pharmaceutical industry, and rising demand for clean-label products. However, competition from gelatin alternatives and cultural restrictions are projected to hinder the growth of the market.

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Abundant availability and health benefits of gelatin drive the bovine skin market growth

In terms of value, the bovine skin segment is projected to grow at the highest CAGR from 2018 to 2023. Bovine is one of the most widely used sources to manufacture gelatin because of its abundance and easy availability. Gelatin is also helpful in muscle mass building, metabolism boosting, and skin & hair improvement. Yet, some consumers demand an alternative gelatin source due to factors such as the growing demand for vegan food products, religious barriers, health concerns, and increased raw material prices. The rising demand for sports nutrition and fortified food & beverage products fuels the demand for bovine skin gelatin.

Key Players:

  • Darling Ingredients (US)
  • Gelita (Germany), Nitta Gelatin (Japan)
  • Tessenderlo Group (Belgium)
  • Weishardt (France)
  • Trobas Gelatine (Netherlands)
  • India Gelatine & Chemicals (India)

The food segment is projected to hold the largest market share during the forecast period

In terms of value, the food segment is estimated to hold the largest market share in 2018. Gelatin is considered as a non-allergic protein source to be incorporated in functional & nutritional food & beverage products. The rising demand for nutritional confectionery products as well as functional beverages such as nutritional bars and sports drinks has been stimulating the demand for gelatin. Moreover, gelatin is naturally derived from animal skin and bone, making them clean label ingredients.

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Asia Pacific is projected to be the fastest-growing region in the gelatin market, in terms of value

The Asia Pacific market is projected to be the fastest-growing. According to the Population Reference Bureau in 2014, the fast-growing consumer markets of China, India, and other Asia Pacific countries have a combined population exceeding four billion people; this is projected to become an increasingly important driver for global consumption over the next two decades, led by rapidly rising household incomes and fast-growing middle-class population. As a result, the region is estimated to dominate the gelatin market in terms of value.

Research Coverage

The study covers the gelatin market across segments. It aims at estimating the market size and its growth potential across different segments such as source, application, and region. The study also includes an in-depth competitive analysis of key players in the market, along with company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Explore the Jaw-Dropping Growth Potential in Industrial Hemp Market

According to the US Farm Bill 2014, industrial hemp is defined as, “the plant Cannabis sativa L. and any part of such plant, whether growing or not, with a delta-9 tetrahydrocannabinol (THC) concentration of not more than 0.3% on a dry weight basis.”

MarketsandMarkets projects that the global 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 growing usage of hemp-derived seed as a superfood due to its rich nutritional profile and other health benefits is driving the market for industrial hemp. Furthermore, increasing legalization of hemp in different countries across the world is also driving the growth of industrial hemp.

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Hemp fiber is estimated to dominate the market for industrial hemp in 2019.  It is used primarily in the textile and pulp & paper industry, due to its long and robust fibers as compared to cotton. Furthermore, being a renewable source material, its application to obtain biofuels and bioplastics has been expected to increase its demand in the coming years.

Food is projected to be the dominating application segment of the industrial hemp market during the forecast period due to the wide application of hemp seeds and hemp seed oil in food products for their vitamins, proteins, and omega-3 fatty acid content. Hemp seeds are consumed raw or are used as a topping in cereals, smoothies, and yogurt. Rising consumer awareness about the benefits of consuming hemp-based products is driving the market for its application in food.

Scope of the Report:

This research report categorizes the industrial hemp market based on type, application, source, and region.

Based on type, the industrial hemp market has been segmented as follows:

  • Hemp seed
  • Hemp seed oil
  • CBD hemp oil
  • Hemp fiber

Based on application, the industrial hemp market has been segmented as follows:

  • Food
    • Snacks & cereals
    • Soup, sauces, and seasonings
    • Bakery
    • Diary & frozen desserts
    • Others (cold cereals, pasta, chocolate spreads, and pet food)
  • Beverages
    • Hot beverages
    • Sports & energy drinks
    • Ready to drink
    • Others (meal replacement drinks, beverage mixes, beverage concentrates, and juice drinks)
  • Personal care products
  • Textiles
  • Pharmaceuticals
  • Others (paper, automobiles, construction & materials, furniture, and pet food)

Based on the source, the industrial hemp market has been segmented as follows:

  • Organic
  • Conventional

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

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

Geographical Analysis

  • Further breakdown of the Rest of Europe industrial hemp market, by key country
  • Further breakdown of the industrial hemp market for food application by region

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The increasing legalization of the cultivation of hemp provides enormous opportunities to the manufacturers and research institutions to develop new products from industrial hemp. Bioplastic is one such product that can be manufactured from the leftover of hemp seeds and CBD oil. Furthermore, biofuel derived from the hemp plant provides opportunities for the companies to explore this application of hemp as a fuel for automobiles. The growing consumer demand for sustainable goods, along with initiatives and support from corporate and government, is expected to support the growth of hemp-based biofuel and bioplastics in the coming years.

Aquaculture Market Size, Share and Market Forecast to 2025 | Key Players: Pentair plc, AKVA Group, Xylem Inc.

 The global aquaculture market size is projected to grow from USD 30.1 billion in 2018 to USD 42.6 billion by 2023, recording a CAGR of 7.2% during the forecast period. The aquaculture market is driven by increasing consumption of aquaproducts, rise in cage aquafarming, and the decline in the value of captured fishes. Furthermore, advancements in aquaculture technology and seafood trade are also driving the demand for aquaculture products. However, stringent food safety regulations associated with the consumption of aquaculture food products is projected to hinder the market growth.

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The pharmaceuticals segment in the aquaculture market is projected to be the fastest-growing segment, in terms of value

The demand for pharmaceutical products in aquaculture has increased due to their role in promoting growth and preventing diseases in fish. Further, increasing R&D in the pharmaceuticals sector has facilitated higher acceptance of drugs, medicated feed, and vaccines, specifically in developed countries such as the US and Canada. Additionally, there has been a growing adoption of in-feed medication for fish to prevent the large-scale spread of diseases across Europe, given the limited use of antibiotics in the region.

Key Players:

  • 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)

The aquatic animals segment is projected to account for the largest market share 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 fish 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; hence, several aquaproduct manufacturers are encouraged to invest in these two regions.

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The Asia Pacific market is projected to account for the largest share during the forecast period

Asia Pacific is projected to account for the largest market share during the forecast period, due to the rising consumer demand for aquaculture food products and the increasing industrialization of aquafarming. Furthermore, according to FAO, Asia has the largest inland and marine culture cultivation of aquatic plants, with freshwater culture acquiring more than 50% and marine water acquiring more than 30% of the total aquatic animal cultivation, globally, which drives the aquaculture market. Additionally, the adoption of new technologies and modern tools is also driving the market growth in this region.

Synthite Industries Pvt Ltd and Plant Lipids Are Focusing On Expanding Their Facilities to Other Regions to Enhance Their Geographic Reach

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% during the forecast period. The increasing demand for natural products and increasing industrial application of oleoresins in different sectors.

Key players in this market include 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).

Synthite Industries Private Ltd (India) is one of the largest producers of plant extracts such as oleoresins in the Asia Pacific region. The company claims to account for more than 30% share in the global oleoresins market. It has an increasing presence across regions with its products supplied in around 11 countries, globally. Synthite Industries offers over 500 products, including essential oils, spice extracts, herb extracts, tea & coffee extracts, floral extracts, vanilla extracts, dried fruit extracts, natural colors, seasonings, spray-dried/encapsulated products, and phytochemicals. The company offers a range of oleoresins-based products to serve various industries, such as food, beverage, confectionery, health & wellness, and personal care, as well as agriculture and livestock. It has an operational presence in regions, such as Asia Pacific and North America with its units in China, Vietnam, and Sri Lanka, besides Kerala, Tamil Nadu, Karnataka, and Andhra Pradesh in India. The increasing export demands for oleoresins from the company has encouraged it to open its units in Indonesia. The company has expanded its facilities in Brazil to cater to the demands of its customers in other countries and regions. It also has shifted its manufacturing facilities to the South East Asian countries due to the increasing availability of raw materials.

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Plant Lipids (India) is a company offering various products through several segments, such as flavor ingredients, spice & seasonings, fragrance ingredients, natural food colors, and nutraceutical ingredients. It supplies nearly 500 products to over 80 countries across the globe. The company offers oleoresins under the flavor ingredients segment. Some of the major oleoresins offered by the company are black pepper, capsicum, cardamom, celery seeds, and clove. Plant Lipids has its manufacturing facilities in India and Sri Lanka with its operating units in India and the UK, and its marketing offices in Germany, Bangkok, and Sri Lanka. The company has opened a new office in Indonesia, which was the fourth office of the company in Asia. This expansion has strengthened the company’s capability to cater to the demands in the Asian market.

Process Equipment Market for Seed Industry: Drivers, Restraints, Opportunities, and Challenges

Process equipment market for seed industry includes processed seed market and seed processing equipment market. The processed seed market is projected to reach a value of USD 91.32 billion by 2022, growing at a CAGR of 10.2% during the forecast period. The seed processing equipment market, on the other hand, is projected to reach USD 3.25 billion by 2022 from 2017, at a CAGR of 10.2%. This market is projected to grow at a high rate due to the necessity to increase the food production, with the decrease in arable land. Furthermore, greater acceptance and area under GM crop, followed by the increase in globalized trade for processed seed, are some of the major factors driving the growth of the market, globally.

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In the processed seed market, on the basis of crop type, the fruits & vegetables segment is projected to grow at the highest CAGR during the forecast period. The increase in demand for vegetables & fruits and limited production have driven the demand for high yielding traits and commercial seed products. Also, the growing awareness among farmers in developing countries about the benefits of processed seed over farm-saved seed is driving the production of processed seed around the globe.

Market Dynamics:

Drivers:

  • Increasing Acceptance and Area Under GM Crop
  • Increasing Global Trade for Processed Seed
  • Increasing Awareness in Developing Countries

Restraints:

  • High Price of Processed Seeds

Opportunities:

  • Improving Seed Replacement Rate in Developing Countries
  • Arrival of New Technologies With Potential Advantages on Existing Conventional Crops

Challenges:

  • Regulations in GM Crop

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On the basis of method, the processed seed market is segmented into mechanical, biological, and chemical. The biological segment is projected to grow at a higher CAGR during the forecast period. The high growth of the segment is attributed to the increase in the demand for organic products and organic farming, which has led the growth of the biological processed seed and also led to the increase in scientific development of biological control agents in the crop protection industry.

In the seed processing equipment market, on the basis of type, the market for coaters is projected to grow at the highest CAGR during the forecast period. The increasing awareness about the benefits of seed coating with various pesticides, insecticides, and biologicals has driven the demand for the coated processed seed products, thus boosting the demand for coaters in the developing countries.

In the Asia Pacific region; the market is projected to grow at the highest CAGR during the forecast period. The major factors for this growth are increasing awareness about the benefits of processed seed and increasing demand for food in the region. This has led to increased processing, which acted as a major driver for the seed processing equipment market.

Soluble Dietary Fibers Market SWOT analysis, key business strategies with leading industry players 2017-2022

The soluble dietary fibers market is experiencing high growth, particularly in the Asia-Pacific region. The Asia-Pacific region is projected to be the fastest-growing segment from 2017 to 2022. The growth in this region is attributed to the rapid economic growth, less stringent regulations, and growing population in the region. Growing demand from industries such as food and pharmaceutical has resulted in high demand for soluble dietary fibers in this region. The Asia-Pacific region offers the most attractive growth opportunities for soluble dietary fiber products with its large untapped market, growing food sector, and low production costs.

https://www.xing.com/communities/posts/soluble-dietary-fibers-market-global-industry-analysis-and-forecast-2022-1016967394

Market Dynamics:

Drivers:

  • Growing Health Consciousness Among Consumers
  • Ease of Incorporation has Increased Application Base for Soluble Dietary Fibers

Restraints:

  • Inconsistency on Universal Guidelines & High Turnaround Time for Approval From Regional Regulatory Bodies
  • High R&D Costs Involved in Manufacturing Soluble Dietary Fibers

Opportunities:

  • Rising Consumer Awareness About Value-Added Products
  • Emerging Markets: New Growth Frontiers

Challenges:

  • International and Domestic Food Safety Standards

The soluble dietary fibers market caters to industries such as functional food & beverage, animal feed, and pharmaceutical. Soluble dietary fibers are used in the functional food & beverage industry for various applications such as confectionery products, beverages, and processed foods. The pharmaceuticals segment is projected to grow at the highest CAGR from 2017 to 2022. Increasing awareness about health & nutrition products has a major influence on the rising demand for soluble dietary fibers in the pharmaceuticals sector. The global market is witnessing the development of a wide range of applications of soluble dietary fibers, with a strong base of research for benefits on human health.

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The soluble dietary fibers market, by type, has been segmented into inulin, polydextrose, pectin, and beta-glucan. The pectin segment is projected to grow at the highest CAGR from 2017 to 2022 due to its varied functional properties in various applications. In the food industry, it is extensively used as a gelling substance in the preparation of jams and thickening foods. Pectin is an important ingredient in industrial yogurt, cakes, ketchup, and fruit jellies.

The soluble dietary fibers market, by source, has been segmented into fruits & vegetables, cereals & grains, and nuts & seeds. The fruits & vegetables segment is projected to grow at the highest CAGR from 2017 to 2022 grow due to the easy availability of these sources.

Growing Demand for Seafood Products and Protein Intake to Drive the Demand for Aquaculture

“Farming implies some form of intervention in the rearing process to enhance production, such as regular stocking, feeding, protection from predators, etc.,” as defined by the Food and Agriculture Organization (FAO). Aquaculture is the farming of aquatic organisms, such as fish, mollusks, crustaceans, and aquatic plants.

MarketsandMarkets projects that the global aquaculture market is 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 decline in the amount of captured fish and rise in consumption of fishes due to their protein and omega-3 fatty acid content are projected to drive the growth of the aquaculture market. Furthermore, rising trade of seafood is also propelling the market demand.

Report Objectives:

  • Determining and projecting the size of the aquaculture market, with respect to rearing product type, culture, species, production type, and regional markets, over a five-year period ranging from 2018 to 2023
  • Identifying attractive opportunities in the market by determining the largest and fastest-growing segments across regions
  • Providing detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • Analyzing the micromarkets, with respect to individual growth trends, future prospects, and their contribution to the total market
  • Identifying and profiling key market players in the aquaculture market
  • Providing a comparative analysis of the market leaders on the basis of the following:
    • Product offerings
    • Business strategies
    • Strengths and weaknesses
    • Key financials
  • Understanding the competitive landscape and identifying the major growth strategies adopted by players across the key regions
  • Analyzing the value chain, products, and regulatory frameworks across key regions and their impact on the prominent market players
  • Providing insights into key product innovations and investments in the aquaculture market

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The freshwater aquaculture segment is estimated to dominate the market in 2018, as it an important sector of many economies such as Asia Pacific and South America and is considered to be important in sustaining the livelihoods of many rural communities. Further, advancements in pond aquaculture and the introduction of new technology to produce a high amount of freshwater species are driving the market growth of freshwater aquaculture.

The pharmaceutical segment, by rearing product type, is projected to be the fastest-growing segment in the aquaculture market during the forecast period, due to higher acceptance of drugs, medicated feed, and vaccines into the regional markets, specifically in developed countries such as the US and Canada. Furthermore, growing demand for medicated aquafeed is increasing in organized aquafarms across Europe, given the limited use of antibiotics across the region, which is driving the growth of the aquaculture market.

In terms of geographic coverage, the aquaculture market has been segmented into five regions, namely, North America, Europe, Asia Pacific, South America, and RoW. South America is projected to be the second fastest-growing region due to the strong fish production base in Ecuador and Chile, along with high technological advancements in aquafarming. According to FAO, the total fish production in the region would reach 16.2 million tons by 2025. Further, there is a high production of salmon in the region, especially in Chile, due to favorable market conditions. Other factors such as the presence of favorable temperatures & coastlines and strong governmental support for aquafarming in the region also cater to the development of the aquaculture industry.

Increasing government support provides a huge opportunity for the aquaculture sector. For instance, USAID-funded Fisheries Improved for Sustainable Harvest (FISH) Project in the Philippines, the Management of Aquatic Ecosystems through Community Husbandry (MACH) project in Bangladesh, the SUCCESS fisheries management programs in three West African countries, and the Global FISH Alliance in the spiny lobster fishery of Honduras.

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Recent Developments:

  • In August 2018, AKVA Group set up a feed conveyor concept by the name of flexible feeding, which would allow farmers to send and feed silo to any cage, making it easier to use different feed types and sizes.
  • AKVA Group entered into an agreement in June 2018 to acquire Egersund Net AS (Norway) to expand its product portfolio.
  • In June 2017, Pentair plc set up a new facility of 87,000-square feet for aquafarming at its Schmidt’s brewery building in St. Paul, Minnesota, US.
  • In November 2016, Pentair Aquatic Ecosystems acquired Vaki Aquaculture Systems Limited (Iceland) to enhance its product portfolio of aquaculture systems, products, and services.
  • Aquaculture System Technologies, LLC, launched the Endurance filter for home and koi ponds in May 2016.