Medium Chain Triglycerides Market is Expected to Reach $1034 million by 2026

The global medium chain triglycerides market was valued at $763 million in 2021, and is projected to reach $1,034 million by 2026, growing at a CAGR of 6.3% from 2021 to 2026. The surge in global Internet penetration would be another influential trend in driving the market in terms of sales. Manufacturers and distributors are using the Internet to spread awareness about their products and services among target consumers and simultaneously generate sales. Medium-chain triglycerides are used in various end-user industries, such as nutritional supplements, infant formula, cosmetics & personal care, and pharmaceuticals. Some of the end-user companies are Conagra, Unilever, ITC, General Mills, Kellogg’s, and Nestle.

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The caprylic acid segment dominated the market with a share of 50.4% in 2020, in terms of value

The caprylic acid segment dominated the market with a share of 50.4% in 2020, in terms of value as Caprylic acid does not have an offensive taste or smell. Thus, it is often the primary MCT used in MCT oil. Caprylic triglyceride is a compound that comes from combining fatty acids with glycerin. The fatty acids in the compound are medium-chain triglycerides (MCTs). Caprylic acid is also known for its antiviral, antibacterial and antifungal properties, and can help treat skin disorders and acne. It’s also useful for treating urinary tract infections, bladder infections, STIs, and even gingivitis. It also helps to burn excess calories, which in turn leads to weight loss. The liver finds it easy to break down, or oxidize, MCFAs such as caprylic acid. This faster rate of oxidation leads to a higher rate of energy expenditure.

The nutritional supplements segment by application dominated the market, with a share of 25.9%

The nutritional supplements segment accounted for the major share of 25.9% in 2020, with a total value of USD 186.5 million. Medium-chain triglycerides aid in weight loss by reducing calorie intake and fat storage and increasing fullness, calorie burning, and ketone levels on low-carb diets.

Medium-chain triglycerides have numerous health benefits, ranging from better weight management to improved cognitive functioning. Saturated fats and MCTs are good for consumption on daily basis; they help in reducing the risks associated with hormone imbalances, weight gain, gut problems, and cognitive disorders. They also support maintenance of a healthy gut environment. MCTs are digested more rapidly than long chain triglycerides. It helps in reducing stored body fat by raising metabolic function and helps in better digestion and gives more energy. MCTs are not stored in fat deposits in the body as much as LCTs.  Furthermore, MCTs have been shown to enhance thermogenesis (i.e., fat burning).  So, they seem to offer a triple approach to weight loss – they have a lower calorie content than other fats, are minimally stored as fat, and contribute to enhanced metabolism to burn even more calories.

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China dominated the Asia Pacific market for Medium-Chain Triglycerides with a share of about 31.1%

China accounted for about 31.1% of the medium-chain triglycerides market in the Asia Pacific region in 2020, in terms of value, making it one of the most robustly growing markets in the region. The demand for medium-chain triglycerides is increasing in China due to changing lifestyles of consumers and preferences. The increasing purchasing power of consumers due to the economic development in China has led to the increase in demand for high-quality processed foods, nutritional diet, personal care, and cosmetics products. Hence, the market for medium-chain triglycerides is projected to increase as it is an essential additive in nutritional supplements, infant formula, sports drinks, pharmaceuticals, personal care, and other applications.

The country has witnessed an increase in the number of chronic disease incidences, thereby propelling the market for functional food ingredients. According to the WHO, in 2019, the prevalence of diabetes, heart diseases, and cancer, in the country rose nine-fold within a single generation and faster than the global average rate.

Key players in this market include BASF SE (Germany), Koninklijke DSM N.V. (the Netherlands), Dupont(US), Lonza Group Ltd(Switzerland), Musim Mas Holdings(Singapore), Croda International Plc(UK), P&G Chemicals (US), Acme-Hardesty Company(Bluebell, PA), Wilmar International Limited( Singapore), Stepan Company (US), Sternchemie GmbH & Co. KG(Germany), Emery Oleochemicals Group(US), KLK Oleo(Malaysia), Nutricia(New Zealand), Connoils (US), Now foods(US), Barleans (Washington), Jarrow formula’s(US), Nutiva(US), Henry Lamotte Oils GmbH  (Germany).

Dominating the Drinkscape: How Beverage Cans are Winning Consumers

The beverage cans market was valued at USD 23.7 Billion in 2021 and is projected to reach USD 31.2 Billion by 2026, expanding at a growth rate of 5.6% during the forecast period. North America dominated the beverage cans market. The rise in the production of alcoholic beverages, such as beer and ready-to-drink cocktail products, has resulted in premium packaging solutions, thereby triggering the demand for cans.

The non-alcoholic beverage segment by beverage type is projected to achieve the largest growth in the beverage can market.

The non-alcoholic beverage segment dominated the market. The rise in the production of carbonated soft drinks has resulted in the dominance of the non-alcoholic beverage segment. From the consumer side, there is a significant increase in the demand of sports drinks and energy drinks will also boost the market of non-alcoholic beverages globally.

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By structure, the 2-piece segment is projected to account for the fastest growth in the beverage can market

2-piece food cans are lightweight and available with a stackable feature, because of which they can save shelf space. With a continuously evolving packaging technology, the structure of the cans has also been improving with seamless can body and ease of printing on full cans; hence, 2-piece cans are estimated to replace 3-piece cans. These all factors support the high growth rate of 2-piece segment globally.

The aluminium segment by material type is projected to account for the largest growth of the beverage can market over the forecast period

Alunimium segment is the largest segment for the beverage cans market by material type owing to its cost effectiveness and properties. Aluminum is a very cost-effective raw material used in industry and can customize the packaging with colors, 3D prints, and embossing. Therefore, technological developments have led the manufacturers to remodel their strategies by using various sizes of cans, along with different shapes. Aluminum cans are convenient to keep in the fridge and ovens.

Asia Pacific is projected to be the fastest growing market

Asia Pacific accounted for greater growth in the global cans market for beverages during the forecast period. Countries, such as China and India, have significantly contributed to the growth of the cans market for beverages in the Asia Pacific region. These countries have a high population density and are the leading producers of fruits. These factors are projected to drive the demand for beverages such as juices and functional drinks in the region.

Key Market Players

The key players in this market include Crown Holdings Inc. (Philadelphia, US), ArdaghGroup S.A, (Luxemburg), CPMC Holdings Limited (China), Toyo Seikan Group Holdings Ltd. (Tokyo, Japan), Can-One Berhad (Malaysia), Can-Pack S.A (Poland), Ball Corporation (Colorado, US), Envases Universales (Spain), Universal Can Corporation (Tokyo, Japan), Interpack Group Inc. (China), GZ Industries (Nigeria), Showa Denko K.K (Tokyo, Japan), Swan Industries (Thailand) Limited (Thailand), Nampak Bevcan Limited (South Africa), The Olayan Group (Saudi Arabia), and Techpack Solutions Pvt Limited (Seoul, South Korea).

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Food Safety Testing Market Size, Share, Trends and Growth

The food safety testing market is projected to grow at a CAGR of 8.2% from an estimated value of USD 22.7 billion in 2023 to reach USD 33.7 billion by 2028. The food safety testing market is experiencing growth due to various factors. These include the global nature of the food supply chain has increased the complexity of ensuring food safety. With food products crossing international borders, there is a need for standardized testing and quality assurance protocols to ensure that products meet safety standards.

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Food pathogen testing is estimated to be the most important market trend among the top trends in food safety testing markets

The largest growing trend in the food safety testing market is food pathogen, which is estimated to be the most significant market. The food pathogen testing market is witnessing rapid growth globally, driven by increasing concerns about food safety, stringent regulatory requirements, and a growing focus on preventing foodborne illnesses. Advances in testing technologies, such as PCR-based methods and next-generation sequencing, are enhancing the accuracy and efficiency of pathogen detection, further fueling market expansion. As consumers and the food industry alike prioritize safe and pathogen-free food products, this market is expected to continue its upward trajectory.

GMO food safety testing is estimated to be the second-most important market trend in the food safety testing market

The GMO food safety testing market is projected to stand second, in terms of the fastest-growing trends, during the forecast period from 2023 to 2028. In some regions, labeling requirements mandate the identification of GMO ingredients in food products. This necessitates testing to confirm the presence or absence of GMO components in various food items, ensuring accurate product labeling and transparency.

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Asia Pacific region emerged as the fastest-growing region during the forecast period

The Asia Pacific region is poised to exhibit the fastest growth during the forecast period in various industries and sectors. This robust expansion can be attributed to several factors, including rapid urbanization, burgeoning middle-class populations, and increasing consumer demand for a wide range of goods and services. As a result, Asia Pacific presents a fertile ground for market opportunities and investments, attracting both domestic and international businesses. The region’s dynamic economic landscape, combined with the adoption of new technologies, innovations, and government initiatives, has fueled this accelerated growth, making it a pivotal region to watch for business expansion and market development in 2023 and beyond.

Key Market Players

  • Bureau Veritas (France)
  • Intertek Group PLC (UK)
  • Eurofins Scientific (Luxembourg)
  • ALS (Australia)
  • TUV Nord Group (Germany)

Food Diagnostics Market: A Booming Industry Fueling Food Safety and Quality

The global food diagnostics market is estimated at USD 16.2 billion in 2023 and is projected to reach USD 23.5 billion by 2028, at a CAGR of 7.7% from 2023 to 2028. Food diagnostics involves a range of techniques and technologies used to detect contaminants, pathogens, allergens, and adulterants in food products. The market is primarily driven by the growing concerns regarding food safety, increasing consumer awareness, and stringent regulations imposed by governments worldwide. With the globalization of the food supply chain, the need for accurate and rapid testing methods has surged, fostering innovation in this sector.

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By type, the test kits segment is estimated to grow at the highest CAGR during the forecasted period

Test kits are indispensable tools in the realm of food safety and quality testing. They are designed to provide quick, reliable, and cost-effective results for the presence of contaminants, pathogens, allergens, and quality parameters in various food products. Test kits are user-friendly, allowing even non-specialized personnel to perform tests with minimal training. This accessibility and simplicity make them ideal for on-site testing, where immediate results can lead to prompt corrective actions. Moreover, test kits enable rapid detection, significantly reducing the time required for analysis compared to traditional laboratory methods. This swift response is crucial in preventing contaminated or substandard food products from entering the market, ultimately safeguarding public health.

By food tested, the fruits & vegetables segment is anticipated to grow at a significant rate in the food diagnostics market

The consumption of fruits and vegetables is increasing globally, and consumers are becoming more conscious of the quality and safety of the produce they consume. In response to this, food safety regulations have become stricter, necessitating rigorous testing procedures for contaminants such as pesticides, pathogens, and heavy metals. The growing awareness of health and wellness further fuels the demand for safe and high-quality produce, prompting the need for advanced diagnostics. Additionally, there is a rising concern about foodborne illnesses linked to fruits and vegetables. Outbreaks and recalls are not only costly for producers but can also have serious health implications for consumers. Food diagnostics can help detect pathogens like E. coli, Salmonella, and Listeria in these products, preventing outbreaks and ensuring public safety.

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North America is estimated to have a significant market share in the global food diagnostics market

The stringent food safety regulations and their unwavering enforcement in the North American region have been instrumental in driving the demand for advanced food diagnostics technologies. Regulatory bodies such as the FDA in the United States and CFIA in Canada continually advocate for more rigorous monitoring and testing protocols, effectively compelling the adoption of cutting-edge food diagnostics solutions. The steadfast commitment to ensuring the safety and quality of food products places North America at the forefront of this burgeoning industry.

Major key players operating in the food diagnostics market include Bio-Rad Laboratories Inc. (US), Thermo Fisher Scientific Inc. (US), Shimadzu Corporation (Japan), Neogen Corporation (US), BioMerieux (France), Agilent Technologies Inc. (US), Merck KGaA (Germany), QIAGEN (Germany), Bruker (US), and Danaher (US).

Feed Plant-based Protein Market Size & Share | Forecasts Report and Trend Analysis

The global feed plant-based protein market size is estimated to be valued at USD 2.5 billion in 2020. It is projected to reach USD 3.4 billion by 2025, recording a CAGR of 6.3% in terms of value. An increase in demand for plant-based pet food due to rise in awareness among pet owners, pet owners’ inclination toward organic pet food ingredients, and innovative animal husbandry techniques to improve meat quality augments the demand for nutritional plant-based protein is driving the global feed plant-based protein market.

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The soy segment accounted for the largest share in the feed plant-based protein market

Based on sources, soy dominated the market. Soy protein products are used in feed and pet food to increase water and fat retention and improve nutritional values. It has been a substitute for traditional chemical-based feed ingredients, and soy proteins have rapid dispersibility and excellent suspension properties. Moreover, soy concentrates consist of approximately 70% protein and are highly digestible with low antigenicity. Due to these factors, soy protein is estimated to account for most of the share in the market.

The ruminants segment is projected to grow at the highest growth rate in the feed plant-based protein market during the forecast period

Based on livestock, ruminants accounted for the fastest-growing segment in the market. The rising demand for dairy & dairy-based products such as milk, cheese, yogurt, and butter in both the developed and developing countries is projected to drive the growth of the nutritional feed ingredients for the consumption of ruminants. Plant-based protein ingredients, besides increasing the production of end products obtained from ruminants, also improve their health and immune systems. Owing to these factors, the segment is projected to grow at the highest CAGR.

The isolates segment is projected to grow at a significant growth rate in the feed plant-based protein market during the forecast period

By type, the market is segmented into concentrates, isolates, and other types such as textured protein and hydrolyzed protein. Protein isolates are believed to have played a major role in the development of new varieties of formulated feed ingredients. It has a high concentration of protein, with the advantage of color, flavor, and functional properties, making it an ideal raw ingredient to be used in pet food and feed for ruminants, swine, poultry, and aqua feed. Key companies such as Roquette Frères (France) are among the major producers of protein isolates and have strong product lines that cater to their customer base.

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The Asia Pacific region is expected to grow at the highest CAGR during the forecasted period

Asia Pacific is the fastest-growing region in the global market. The market is majorly driven by an increase in the demand and consumption of livestock-based products, a rise in feed production, and the implementation of innovative animal husbandry practices to improve the meat quality and output of other livestock-based products. The increasing awareness about livestock nutrition and healthy diet, modernization of the livestock industry, and the rise in consumption of meat & other livestock-based products have led to an increase in the size of the market. Furthermore, the region is also attributed to the rising demand for pet food products in countries such as China, Australia, and India, and an increasing focus on the health of pets are expected to drive growth.

Industrial Enzymes Market to Hit $10.2 billion by 2028

The global industrial enzymes market size was valued at US$ 6.9 billion in 2022 and is poised to grow from US$ 7.4 billion in 2023 to US$ 10.2 billion by 2028, growing at a CAGR of 6.6% in the forecast period (2023-2028).

South America is witnessing growth in the industrial enzymes market due to government support

The demand for industrial enzymes in South America is witnessing significant growth due to several key factors. The region boasts abundant agricultural resources, encompassing crops like corn, sugarcane, soybeans, and cassava. Industrial enzymes play a pivotal role in efficiently utilizing these raw materials by enhancing their conversion into valuable products. For instance, enzymes are extensively employed in biofuel production, facilitating the breakdown of lignocellulosic biomass into fermentable sugars. This enzymatic process maximizes resource utilization while minimizing waste generation, aligning perfectly with the region’s objectives of resource optimization and value addition.

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The feed application of the industrial enzymes segment is driving the market due to improving nutrition

Feed enzymes play a pivotal role in driving the development of cutting-edge animal diets. With a deepening understanding of animal physiology and the intricate interplay between nutrients and enzymes, researchers are actively creating innovative enzyme formulations to precisely target specific dietary components. These advancements enable the formulation of highly tailored diets that cater to the distinct nutritional requirements of diverse animal species and various stages of production.

The microorganisms’ enzymes segment is driving the market in industrial enzymes

Microorganism enzymes demonstrate remarkable versatility and adaptability, rendering them highly desirable across a wide range of industries, including food and beverage, pharmaceuticals, textiles, biofuels, and agriculture. Their ability to be engineered and modified enables them to precisely target specific substrates and perform an extensive array of enzymatic reactions. This inherent flexibility allows for their application in various industrial processes, where they excel in effectively breaking down complex compounds like lignocellulosic biomass, transforming them into valuable products.

Specialty Food Ingredients Industry – Growth Trends in the Market

The specialty food ingredients market size is estimated at USD 179.8 billion in 2023 and is projected to reach USD 240.9 billion by 2028, at a CAGR of 6.0% from 2023 to 2028. The key factor contributing to the growing demand for specialty food ingredients is the increasing consumer awareness and demand for healthier and functional food options. Manufacturers are able to adapt their products to the changing desires and tastes of consumers through technological developments and innovative product formulations, which is fueling the market’s growth.

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The functional food ingredients segment is expected to grow at the highest CAGR during the forecast period

There is an increasing demand for food products that provide functional benefits beyond basic nutrition as people become more health conscious. Functional food components with the potential to improve health include probiotics, prebiotics, antioxidants, and omega-3 fatty acids. They promote cognitive performance, support cardiovascular health, improve digestion, and boost immunity. The market for functional food components is being driven by rising knowledge of these advantages and a desire for preventive healthcare.

Food flavors emerge as a driving force in the specialty food ingredients industry

The industry of food is quite competitive, and producers are always looking for ways to distinguish the products they produce. Food flavors are a useful tool for product innovation and distinction. Manufacturers can create fresh and appealing food and beverage products that evoke interest in customers by combining distinctive and trendy flavors. Additionally, flavors can be mixed to create unique or customized taste profiles, giving firms the opportunity to stand out from the competition and earn over customers. Food flavors prominence in the market is largely due to their capacity to improve product appeal and distinction.

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US is expected to account for the largest market share

The US has a significant, wealthy consumer base with significant purchasing power. American consumers are renowned for their openness to trying out novel goods and experimenting with emerging culinary trends. The need for specialty food ingredients is driven by consumers values for convenience, quality, and diversity in their food options. The demand for a wide variety of specialty ingredients, such as flavors, functional ingredients, and natural additives, is further fueled by the different culinary preferences and multicultural populations. The US market is a leader in specialty food ingredients due to the strong customer demand and considerable purchasing power. According to the USDA Food Processing report of April 2023, in the U.S. market, food processing ingredients hold a significant share of 60 percent. Within this sector, specialty food ingredients play a crucial role in shaping the diverse and innovative landscape of the food industry. As consumers increasingly prefer innovative products, the demand for specialty food ingredients continues to grow, further driving the development and expansion of this dynamic sector.

Major players operating in the specialty food ingredients market are ADM (US), DSM (Netherlands), International Flavors & Fragrances Inc. IFF (US), Kerry Group plc. (Ireland), Givaudan (Switzerland), Cargill, Incorporated (US), Sensient Technologies Corporation (US), Ingredion. (US), Chr. Hansen Holding A/S (Denmark), and Tate & Lyle (UK).

Secondary Macronutrients Market Competitive Landscape: Major Players, Competitor Market Shares, And Player Strategies – By The MarketsandMarkets

The global Secondary Macronutrients Market size is expected to record a CAGR of 4.0% from 2023 to 2028. In 2023, the market size is projected to reach a valuation of USD 39.9 billion. By 2028, the valuation is anticipated to reach USD 48.5 billion.

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Secondary Macronutrients Market Growth Factors and Dynamics:

Increased Awareness of Nutrient Management:

  • Farmers and agricultural practitioners are becoming more aware of the importance of balanced nutrient management for optimal crop growth.
  • Understanding the role of secondary macronutrients in improving soil fertility and enhancing crop yield contributes to market growth.

Soil Health Concerns:

  • Growing concerns about soil degradation and nutrient depletion drive the demand for secondary macronutrients.
  • Calcium, magnesium, and sulfur play crucial roles in maintaining soil structure, pH balance, and overall soil health.

Shift towards Sustainable Agriculture:

  • The global shift towards sustainable agricultural practices encourages the use of secondary macronutrients as part of eco-friendly and balanced fertilization strategies.
  • Sustainable farming practices emphasize long-term soil fertility and reduced environmental impact.

Crop-Specific Nutrient Requirements:

  • Increased awareness of the specific nutrient requirements of different crops fuels the demand for secondary macronutrient-containing fertilizers tailored to meet these needs.
  • Crop-specific formulations contribute to more efficient and targeted nutrient application.

Technology Advancements in Fertilizer Production:

  • Advances in fertilizer manufacturing technologies facilitate the development of innovative secondary macronutrient products.
  • Enhanced formulations, controlled-release technologies, and precision agriculture contribute to market growth.

Government Initiatives and Subsidies:

  • Government initiatives promoting sustainable agriculture, soil health, and balanced fertilization practices can drive the adoption of secondary macronutrient-containing fertilizers.
  • Subsidies and support programs further incentivize farmers to use these products.

Global Population Growth and Food Security Concerns:

  • The increasing global population places pressure on agriculture to enhance food production.
  • Secondary macronutrients contribute to improving crop yields and ensuring food security.

List of the Key Players in the Secondary Macronutrients Market:

  • Nutrien Ltd. (Canada)
  • Yara (Norway)
  • The Mosaic Company (US)
  • Israel Chemicals Ltd. (Israel)
  • K+S Aktiengesellschaft (Germany)
  • IFFCO (India)
  • Deepak Fertilisers
  • Petrochemicals Corporation Ltd. (India)
  • Coromandel International Ltd (India)

The Secondary Macronutrients Market is Segmented as Follows:

Market By Nutrient

  • Calcium
  • Sulfur
  • Magnesium

Market By Crop type

  • Cereals & grains

o    Corn

o    Wheat

o    Rice

o    Other cereals & grains

  • Oilseeds & pulses

o   Soybean

o   Sunflower

o   Other oilseeds & pulses

  • Fruits & vegetables

o   Root & tuber vegetables

o   Leafy vegetables

o   Pome fruits

o   Berries

o   Citrus fruits

o   Other fruits & vegetables

  • Other crop types

Market By Application

  • Liquid application

o   Fertigation

o   Foliar

o   Other liquid mode of applications

  • Solid application

o   Broadcasting

o   Deep Tillage

o   Localized Placement

Market By Form

  • Dry form
  • Liquid form

Market By Region

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Row (Africa and Middle East)

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Regional Analysis of Secondary Macronutrients Market:

A regional analysis of the secondary macronutrients market reveals variations in demand, adoption, and influencing factors across different geographical areas. Here’s a breakdown of the market dynamics in key regions:

North America:

  • In North America, the secondary macronutrients market is driven by the adoption of precision farming techniques.
  • Increased awareness of soil health, sustainable agriculture, and environmental concerns contribute to the demand for calcium, magnesium, and sulfur-based fertilizers.
  • Government initiatives supporting nutrient management and sustainable practices further boost the market.

Europe:

  • Europe places a strong emphasis on sustainable agriculture and environmental stewardship, driving the use of secondary macronutrients.
  • Stringent regulations on fertilizer use and a focus on organic farming contribute to the demand for nutrient-balanced solutions.
  • Collaborations between research institutions and industry players lead to innovative products.

Asia-Pacific:

  • The Asia-Pacific region, with its vast agricultural landscape, experiences a growing demand for secondary macronutrients.
  • Increasing population, food security concerns, and a shift towards commercial farming drive the need for efficient nutrient management.
  • Government support in the form of subsidies for balanced fertilization practices enhances market growth.

Latin America:

  • Latin America sees a rise in the adoption of secondary macronutrients due to extensive agricultural activities.
  • Large-scale farming operations, especially in countries like Brazil and Argentina, drive demand for calcium, magnesium, and sulfur for crop nutrition.
  • Weather variations and soil conditions influence the specific nutrient requirements in different sub-regions.

Middle East and Africa:

  • In this region, the secondary macronutrients market is influenced by efforts to improve agricultural productivity in arid and semi-arid regions.
  • Soil amendments with calcium and sulfur are important for addressing soil salinity and alkalinity issues.
  • Water scarcity and climate conditions impact the choice of nutrient management practices.

Hydrocolloids Market Report Forecast, Share, Industry Growth and Size

Hydrocolloids Market Forecast

Hydrocolloids market is estimated to be valued at USD 11.2 billion in 2023 and is projected to reach USD 14.5 billion by 2028, at a CAGR of 5.4% during the forecast period. The exponential growth in the natural and clean-label food consumption across the food and beverage industry due to its growing awareness has influenced the use of hydrocolloids. Moreover, this has led to an increase in dependence on natural fibers and gums for functional properties, stability, safety, and quality of food products.

In terms of type, pectin is estimated to be the fastest type of segment during the forecast period

Pectin is an important polysaccharide with applications in food, pharmaceuticals, and many other industries. It is used as an emulsifier, gelling agent, thickener, stabilizer, and fat or sugar replacer in a low-calorie food. Pectin and pectin-derived oligosaccharides can also be used as important ingredients in functional food. Its importance in the food sector lies in its ability to form a gel in the presence of Ca2+ ions or a solute at low pH.

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The seaweed segment by source in the hydrocolloids market report is projected to grow at the highest CAGR during the forecasted period

Seaweed-derived hydrocolloids mainly include alginate, carrageenan, and agar, which are important parts of the food ingredient industry. The three types of hydrocolloids are natural hydrophilic polymers existing in the cell walls and extracellular matrixes of brown and red seaweeds that can be extracted through a series of chemical and physical processes. Owing to their excellent thickening, gelling, film-forming, and other novel properties, alginate, carrageenan, and agar are widely used in the functional food industry.  Seaweed hydrocolloids find application as thickeners, stabilizers, coagulants, and salves (in the wound and burn dressings) and they are used as materials to produce bio-medical impressions in the food, pharmaceutical, and biotechnology industries.

Stabilizers, by function, is estimated to be the fastest-growing function of hydrocolloids during the forecast period

Stabilizers add viscosity to enhance overall flavor and give body to beverages while also preventing sedimentation and keeping ingredients suspended within the finished product. Stabilizers are additives used to help maintain emulsions or prevent degeneration in beverages. The most common stabilizers are hydrocolloids (such as xanthan, gum Arabic, and gum acacia), modified starches, pectin, carrageenan, casein, and inulin. The purpose of stabilizers is to add viscosity to enhance flavor and give body to a beverage. They also maintain emulsification, which prevents sedimentation by keeping additional ingredients suspended in the product.

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North America is estimated to be the fastest region during the forecast period

The North American hydrocolloids market is also driven by its application in premium food products. The leading manufacturers of hydrocolloids in North America include Ashland Inc. (US), CP Kelco (US), Cargill, Incorporated (US), Ingredion Incorporated (US), and Darling Ingredients Inc. (US). The North American market is completely driven by the US. The US has a large market for bakery, confectionery, convenience food, and packaged food products; hence, it constitutes a major share in the market. Consumers in the US are calorie-conscious due to which low-calorie and low-fat food products are popular in the country. The increasing prevalence of obesity and cardiac diseases has led consumers to demand natural and low-calorie food products. Food manufacturers are therefore concentrating on the application of natural hydrocolloids and their function as fat replacers.

Key players in this market include International Flavors & Fragrances Inc. (US), Ingredion (US), Cargill, Incorporated (US), Kerry Group plc (Ireland), Associated Archer Daniels Midland Company (US), Palsgaard A/S (Denmark), Darling Ingredients Inc. (US), DSM (Netherlands), Ashland (US), Tate & Lyle (UK), CP Kelco U.S., Inc. (US), Nexira (France), Deosen Biochemical (Ordos) Ltd. (China), Fufeng Group (China), and BASF SE (Germany).

Global Pulse Ingredients Market set to surpass USD 25.9 billion by 2027, fueled by rising demand for protein-rich foods

The global pulse ingredients market size, valued at USD 20.7 billion in 2022, is projected to reach USD 25.9 billion by 2027, recording a compound annual growth rate (CAGR) of 4.6% during the forecast period. Pulse ingredients, derived from peas, lentils, and chickpeas, are fine-powdered materials produced without processing aids or chemical compounds. These natural food and feed-grade products enhance the nutritional value of foods without altering their flavor, aroma, or color.

Nutritional Value and Market Drivers

Pulse ingredients are vital in food products and animal feeds, including pet foods and aquaculture. The growing consumer demand for protein-rich food, particularly among diet-conscious individuals and those focused on weight management, has significantly driven the market for pulse-derived protein. Pulses are a rich source of proteins, making them an essential component in meeting this rising demand.

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Chickpea Segment: Leading the Pulse Ingredients Market Growth

The chickpea segment is expected to grow at the highest CAGR during the forecast period. Chickpeas, or garbanzo beans, are nutrient-dense, offering proteins, vitamins, minerals, carbohydrates, and high levels of dietary fiber. According to the Food and Agriculture Organization (FAO), India was the largest producer of chickpeas in 2019, supplying about 70% of the global demand. Chickpeas are the third most produced legume in South Asia, following beans and peas. Two main types of chickpeas are cultivated: Kabuli, grown in West Asia and the Mediterranean region, and Desi, grown in the Indian subcontinent. The increased consumption and diverse applications of chickpeas in food and beverages are expected to drive the market’s growth in this segment.

Asia: The Largest Market for Pulse Ingredients

The Asia Pacific region is projected to be the largest market for pulse ingredients. This region includes developing countries such as India, China, Australia & New Zealand, and Japan. According to the FAO, the Asia Pacific region accounted for 49% of global pulse production in 2018, with India alone contributing around 57% of this production. Major pulse crops in India include chickpeas, peas, green gram, black gram, and lentils. The regional market growth is supported by a rising population, increased disposable incomes, and growing consumer interest in functional ingredients, all of which are expected to boost sales of pulse ingredients.

Key Players in the Pulse Ingredients Market

The pulse ingredients market features several key players, including:

  • ADM (US)
  • Roquette Frères (France)
  • Ingredion (US)
  • The Scoular Company (US)
  • Axiom Foods, Inc. (US)
  • PURIS (US)
  • Emsland Group (Germany)
  • AGT Food and Ingredients (Canada)
  • Batory Foods (US)
  • Vestkron Milling M/S (Norway)
  • Dakota Ingredients (US)

These companies are at the forefront of the market, driving innovation and meeting the growing global demand for high-quality pulse ingredients.

In summary, the pulse ingredients market is poised for significant growth, driven by increasing consumer demand for protein-rich foods and the robust production capacities in regions like Asia. With key players actively contributing to market expansion, the future of pulse ingredients looks promising.

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