The food and beverage industry globally has experienced a significant growth over the past few years. This is majorly attributed to the industry's strong developments and innovations, which have further enhanced and strengthened ....see more
The specialty malt market is projected to grow at a CAGR of 5.0%, in terms of value, from 2016 to reach a projected value of USD 3.01 Billion by 2022. The market is driven by the demand from Asia-Pacific countries, particularly India, China, and Japan. Increase in demand for craft beer, advancements in R&D activities for specialty malt, increase in number of independent breweries, and multi-functionality of specialty malt are the factors driving the specialty malt market.
The global functional flours market is projected to reach USD 78.00 Billion by 2022, growing at a CAGR of 7.82% from 2016, in terms of value, and 156.92 MT by volume by 2022. The rise in demand from industries such as bakery, R.T.E products, and soups & sauces is driving the market. Rise in consumer spending on processed food products is also estimated to be the key driving factor for the market. Government initiatives to promote the functional flours industry and increase in trade of these commodities have complemented the overall growth of this industry. However, strict food labeling legislations and seasonal variations affecting the supply of raw materials with fluctuating prices restrain the growth of the market.
The size of the market for savory ingredients is projected to reach USD 8.46 Billion by 2022, growing at a CAGR of around 5.61% from 2016. The global savory ingredients market has grown exponentially in the last few years. Increase in consumption of ready-to-eat, ready-to-cook food, noodles, and increased demand for Umami flavor are the major driving factors for this market.
The global market for food & beverage metal cans is projected to reach 551.38 Billion units in terms of volume by 2022 and USD 63.01 Billion by value by 2022. The metal cans packaging industry is a key contributor to the consumer packaged goods industry. Economic development, changes in lifestyle, increase consumption of convenience food products, ease of recyclability of metal cans, and consumer preferences towards metal cans are the key factors driving the growth of the global food & beverage metal cans market.
The dairy ingredients market was valued at USD 45.55 Billion in 2015. It is projected to grow at a CAGR of 5.61% from 2016, to reach 66.11 Billion by 2022. The base year considered for the study is 2015 and the forecast years include 2016 to 2022. The objectives of the study are to define, segment, and measure the size of the dairy ingredients market with respect to its type, source, application, nature, and region.
The dairy blends market is projected to reach USD 3.56 Billion by 2022, at a CAGR of 8.1% from 2016. The market is driven by factors such as increase in demand for dairy blends in infant formula, high prices of traditional dairy products, and various health benefits associated with dairy blends. High growth potential in the emerging markets and untapped regions provides new growth opportunities for the market players.
The industrial enzymes market is projected to grow at a CAGR of 5.8%, in terms of value, from 2016 to reach a projected value of USD 6.30 Billion by 2022. The market is driven by the demand from Asia-Pacific countries, particularly India, China, and Japan. Increase in demand for biofuel, advancements in R&D activities for industrial enzymes, growth in demand for consumer products, and multi-functionality of industrial enzymes are the factors driving the industrial enzymes market.
The customized premixes market is projected to reach USD 1,691.2 Million by 2022, at a CAGR of 5.50% from 2016. The market is driven by growing demand for functional and fortified food, growing need for food enrichment due to high processing levels of food products, customized nature and specificity to individual customer requirements, and convenience in usage as a single ingredient over multiple ingredients.
The market for fruit and vegetable ingredients is projected to reach USD 216.03 Billion by 2022, at a CAGR of 5.8% from 2017. The market is driven by factors such as increasing demand for snacks & convenience food and beverages due to changing consumer preferences. Furthermore, factors such as increasing disposable income and rapid urbanization have also increased the demand for fruit & vegetable ingredients. The high growth potential in emerging markets and untapped regions provides new growth opportunities for market players.
The bottled water testing equipment market, in terms of value, is projected to reach USD 6.46 Billion by 2021, at a CAGR of 5.3% from 2016. Rapid increase in consumption of bottled water, rise in disposable income, awareness about the effects of health due to contaminated water, increase in regulations regarding bottled water quality, and technological developments in the water testing industry are some of the factors driving this market.
The fats & oils market is projected to grow at a CAGR of 4.4%, in terms of value, from 2016 to reach a projected value of USD 247.78 Billion by 2021. The market is driven by the demand from Asia-Pacific countries, particularly India, China, Malaysia, and Indonesia. Demand from the respective food sectors of these countries, which are supported by rise in living standards and population growth are factors driving the fats & oils market. The increased focus on biofuels, such as biodiesel from vegetable oils and animal fats, is fueling the demand for fats & oils.
The market for corn wet-milling is projected to reach USD 77.50 Billion by 2021, at a CAGR of 5.0% from 2016 to 2021. The corn wet-milling market is driven by increasing demand for high fructose corn syrup in processed food & beverage products, increasing consumption of corn gluten meal-based animal feed products in the meat industry, multi-functionality of corn starch in non-food applications, and increasing demand for bio-ethanol products which has led to a large-scale adoption of corn wet-milling products for various applications.
The market for confectionery ingredients is projected to reach USD 76.81 Billion by 2021, at a CAGR of 6.2% from 2016 to 2021. The confectionery ingredients market is driven by growing industrialization, large-scale adoption of confectionery ingredients for various applications in diverse industries including chocolate, sugar confectionery, gums, and other industries such as fillings, coatings, caramel, aerated confectionery, spreads, and cereal bars.
The global food preservatives market has grown steadily in the last few years. The market size is projected to reach USD 2.94 Billion by 2021, at a CAGR of around 2.5% from 2016 to 2021. The growing demand for convenience food products is the major driving factor of this market. The market is dominated by players such as Akzo Nobel N.V. (Netherlands), Danisco A/S (Denmark), Cargill, Incorporated (U.S.), Univar Inc. (U.S.), and Koninklijke DSM N.V (Netherlands). Other major players in the market are Brenntag Solutions Group, Inc. (Germany), Tate & Lyle (U.K.), Kemin Industries, Inc. (U.S.), Galactic (Belgium), and Hawkins Watts Limited (New Zealand).
The market for organic soy protein is projected to reach USD 500.4 Million by 2021, at a CAGR of about 17.3% from 2016 to 2021. This market is fueled by the growing awareness among consumers toward the health and nutritional benefits of organic foods and the growth of end-use applications of soy protein in the food & beverage industry. Globally, the growth of the functional foods, meat alternatives, and dairy alternatives industries has led to a large-scale adoption of organic soy protein for various applications.
The market for pine-derived chemicals is projected to reach USD 5.27 Billion by 2021, at a CAGR of 4.5% from 2016 to 2021. The pine-derived chemicals market is driven by increasing environmental concerns, growing industrialization, and focus on use of renewable resources & resource optimization, which has led to a large-scale adoption of pine-derived chemicals for various applications. Also, with rapid increase in pollution and exploitation of fossil fuels, the pressure on the ecosystem has compelled the need to find alternatives to replace fossil fuels with renewable raw materials.
The food encapsulation market size is projected to reach USD 41.74 Billion by 2021, at a CAGR of around 6.0% from 2016. The market is driven by its increasing consumption of functional foods, growing demand for convenience foods, and increasing product appeal by improvising taste, flavor, and color. The innovative food encapsulation technologies enabling market penetration, consumers’ inclination toward the fortified foods, and adoption of encapsulation in niche applications also drive this market.
The carotenoids market is projected to grow at a CAGR of 3.78% to reach USD 1.53 Billion by 2021. The market growth is driven by the increasing awareness about the pharmaceutical and cosmetic uses of carotenoids and the industrialization of pork, poultry, and aquaculture industry. The market is further driven by factors such as increasing end-use applications of carotenoids and rising demand for natural colorations.
The global caramel ingredients market was valued at USD 1.72 Billion in 2015. It is projected to reach USD 2.65 Billion by 2021, at a CAGR of 7.5% from 2016 to 2021. The market is driven by factors such as demand for caramel in bakery and confectionery products due to changing consumer preferences. Furthermore, factors such as increasing disposable incomes and rapid urbanization have also increased the demand for caramel ingredients. The high growth potential in emerging markets and unexplored regions provides new growth opportunities for market players.
The proteases market is projected to reach USD 2.21 Billion in terms of value by 2021, at a CAGR of 6% from 2016 to 2021. The objectives of the study is to define, segment, and measure the proteases market with respect to sources, applications, methods of production, formulation, products, and key regional markets. They also include major factors influencing the growth of the market, strategically analyze the micromarkets, analyze opportunities for stakeholders, provide details of competitive landscape, and strategically profile the key players with respect to their market share and core competencies.
The fish processing market is projected to reach USD 222.71 Billion in terms of value by 2021, at a CAGR of 3.8% from 2016 to 2021, and is projected to reach 37,194.98 KT in terms of volume by 2021, at a CAGR of 2.2%. The objectives of the study is to define, segment, and measure the fish processing market with respect to categories, species, sources, applications, equipment, and key regional markets.
The food glazing agents market is projected to reach USD 3.74 Billion by 2021, at a CAGR of 8.8% from 2016 to 2021. The food glazing agents market is segmented on the basis of ingredient type into stearic acid, beeswax, carnauba wax, candelilla wax, shellac, paraffin wax, and others. On the basis of ingredient function, market is segmented into coating agents, surface-finishing agents, firming agents, film-formers, and others.
The market size is projected to reach USD 51.31 Billion by 2021, at a CAGR of around 4.0% from 2016 to 2021. The global flavored syrups market has grown exponentially in the last few years. Emerging countries such as China, Thailand, and Singapore are the primary targets of the industry. Increasing consumer demand for a variety of flavors in food products, personalized flavor options and product variety, and increasing consumer preference towards convenience foods & ready-to-eat products are some of the major driving factors for this market.
The organic rice protein market is estimated at USD 41.7 Million in 2016 and is projected to reach USD 96.5 Million by 2021, at a CAGR of 18.3%. The increasing demand for dietary protein, clean label, gluten-free, non-GMO, and hypoallergenic products has led to the growth of the organic rice protein market. The organic rice protein market is segmented on the basis of type, form, application, function, and region. The base year considered for the study is 2015, and the forecast period is from 2016 to 2021.
The global sugar toppings market was valued at USD 4.88 Billion in 2015 and is projected to reach USD 6.93 Billion by 2021, at a CAGR of 6.0% from 2016 to 2021. This growth is mainly attributed to the rising consumption of confectioneries, growth in the consumption of low-sugar topping products in Europe, marketing of breakfast syrups and beverage sauces in the Asian market, and rising demand of sugar toppings from emerging markets such as China, India, Brazil, and the Middle East.
The organic pea protein market is projected to reach USD 18.5 Million by 2021, at a CAGR of 12.0% from 2016 to 2021. Increased consumption of organic food, the government support for organic farming in various countries due to its sustainability, growing demand for weight management products, increasing health awareness, and rising vegan population are the major drivers for the organic pea protein market. The organic pea protein market is segmented on the basis of type, form, application, and region.
The global bulk food ingredients market was valued at USD 369.51 Billion in 2015. It is projected to reach USD 472.10 Billion by 2021, at a CAGR of 4.2% from 2016 to 2021. The market is driven by factors such as increased demand for snacks & spreads, ready meals, and infant formulas due to changing consumer preferences. Furthermore, factors such as increasing disposable incomes and rapid urbanization have also increased the demand for bulk food ingredients. The high growth potential in emerging markets and unexplored regions provide new growth opportunities for market players.
The juice concentrates market, in terms of value, is projected to reach around USD 93.94 Billion by 2021, at a CAGR of 6.0% from 2016 to 2021. The market is segmented on the basis of type, application, ingredients, brands, form, and region. The types of juice concentrates include fruit & vegetable and their subtypes. The application of juice concentrates includes beverages, bakery & confectionery, dairy, and soups & sauces. Single fruit/vegetable and multi-fruit/vegetable are the segments by ingredients. The forms of juice concentrates considered are clear, frozen, and powdered juice concentrates. The market by region is segmented as North America, Europe, Asia-Pacific, South America, and RoW.
The technical enzymes market is projected to reach USD 1.27 Billion by 2021, at a CAGR of 3.4% from 2016 to 2021. The technical enzymes market is segmented on the basis of type into cellulases, amylases, proteases, lipases, and other enzymes. On the basis of application, it is segmented into bioethanol, paper & pulp, textile & leather, starch processing, other applications. The technical enzymes market is also segmented on the basis of region into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
The poultry processing equipment market is projected to reach USD 3.83 Billion by 2020, at a CAGR of 4.7% from 2015 to 2020. Increased consumption of processed food, the government support for the use of equipment in developing countries, the demand for food safety, safety of workers, environment and sustainability, the presence of small and medium enterprises in developing countries, rising raw material costs, and international trade rules are the major drivers for the poultry processing equipment market.
The nisin market was valued at USD 442.3 Million in 2015, and is projected to grow at a CAGR of 4.3% from 2015 to 2020, to reach USD 545.5 Million by 2020. The base year considered for the study is 2014 and the forecast period is 2015 to 2020. This report provides a detailed analysis of the nisin market based on application and region. Various companies, such as Danisco A/S (Europe), Royal DSM N.V. (Netherlands), Siveele B.V. (Netherlands), Galactic (Germany), Shandong Freda Biotechnology Co., Ltd. (China), Zhejiang Silver-Elephant Bio-engineering Co. Ltd. (China), and Chihon Biotechnology Co., Ltd. (China) are the key players in this market.
The food fortifying agents market is projected to reach USD 69.8 Billion by 2020 growing at a CAGR of 16.7% from 2015 to 2020. The food fortifying agents market is segmented on the basis of type into minerals, vitamins, lipids, carbohydrates, proteins & amino acids, prebiotics, probiotics, and others. On the basis of application, it is segmented into cereals & cereal-based products, dairy & dairy-based products, fats & oils, bulk food items, beverages, infant formula, dietary supplements, and others. The food fortifying agents market is also segmented on the basis of region into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
The food pathogen testing market is projected to reach USD 10.79 Billion by 2020, to grow at a significant rate of 7.8% from 2015 to 2020. Food pathogen testing is performed to supervise the quality and avert unwanted incidents of foodborne illnesses, toxicity, or poisoning. The growing level of foodborne illnesses due to food contamination and rising consumer inclination toward better quality & safe food has led to the rise in food pathogen testing market for varied food products.
The food safety testing market is projected to grow at a CAGR of 9.9% from 2015, to reach USD 791.5 Million by 2020. The market growth is driven by changing consumers’ attitude and concerns of retailers for safe and quality food, positive structural changes in the Chinese food safety regulations, high occurrence of food safety incidents in China, and globalization of food trade and China’s rising food exports.
The market for Omega-3 PUFA is projected to reach USD 18.95 Billion by 2020, at a CAGR of about 13.8% from 2015 to 2020. The Omega-3 PUFA market is fueled by the growing health awareness among consumers and the increasing incidences of chronic conditions such as blood pressure, diabetes, cardiovascular disease, and cancer. Globally, the rise in aging populations and the growing health concerns has led to a large-scale adoption of Omega-3 PUFA for various applications.
The global spices and seasonings market is projected to grow at a CAGR of 5.2% from 2015 to reach a projected value of USD 14.8 Billion by 2020. The market is driven by factors such as increased demand for snacks & convenience food and meat & poultry products due to changing consumer preferences. Furthermore, factors such as increasing disposable income and rapid urbanization have also increased the demand for spices and seasonings. The high growth potential in emerging markets and untapped regions provide new growth opportunities for market players.
The sucrose esters market is projected to grow at a CAGR of 6.0% from 2015 to reach a projected value of USD 74.6 Million by 2020. The market growth is driven by increasing health concerns among the calorie-conscious population, which increases the demand for healthier, low-calorie foods. Further, the application of modern food-processing techniques is driving the expansion of its production and new product developments in diverse segments, such as dairy, bakery, confectionery, personal care, pharmaceuticals, and agrochemicals; this is likely to spur the growth of the sucrose esters market.
The global low-intensity sweeteners market is projected to grow at a CAGR of 5.4% to USD 1.55 Billion by 2020. The low-intensity sweeteners market is segmented on the bassis of type and appplication. It is further segmented on the basis of regions, such as North America, Europe, Asia-Pacific, and Rest of the World (RoW). The market is mainly driven by growing demand for low calorie food and beverages and increasing levels of obesity, diabetes, and other metabolic disorders.
The shrink film market size is estimated to grow from USD 2.15 Billion in 2015 to USD 2.53 Billion by 2020, at a CAGR of 3.3% from 2015 to 2020. The shrink film market is fragmented. Both established and emerging small players regulate and control the growth of this market.
Specialty food ingredients market was valued $66.4 Billion in 2014. The value is projected to grow at a CAGR of 5.5% from 2015 to 2020. Various ingredient markets studied under specialty food ingredients are functional food ingredients, colors, preservatives, acidulants, enzymes, F&B starter cultures, flavors, emulsions, sugar substitutes, and specialty starches. Functional food ingredients contribute to the majority of the share of specialty food ingredients as the current trend is focused of the nutrition based foods combined with convenience and taste. This wholesomeness is made possible by the inclusions of variety of specialty food ingredients.
The food anti-caking agents market is projected to grow at a CAGR of 4.5% from 2015 to reach USD 822.0 Million by 2020. The market growth is driven by growing customer attention toward better-quality products with longer shelf life, changing consumer tastes, growing level of product innovations, and increasing demand for convenience food. The market is further driven by factors such as functionalities of food anti-caking agents in manufacturing, packaging, and transportation processes, among others.
The global market for lactic acid is estimated to witness high growth, due to rising demand from its end-use applications. It is used in the production of PLA plastics that are mainly used in packaging products that comply with environmental norms. Polylactic acid is a thermoplastic polyester. It is derived from renewable feedstock such as sugarcane, corn starch, wheat, and tapioca roots. PLA products contain bio-based renewable constituents. The lactic acid market is projected to reach USD 3.82 Billion by 2020, growing at a CAGR of 18.6% during the forecast period.The polylactic acid market is projected to reach USD 5.16 Billion by 2020, growing at a CAGR of 20.9% during the forecast period.
The egg processing market is projected to reach USD 29.20 Billion by 2020, growing at a CAGR of 3.6% from 2015 to 2020. The demand for egg products is growing rapidly in developing countries such as China and India. Production and export of egg products have been highly attractive investments for a number of exporters in various countries. However, the food safety regulations implemented by governments are restraining the growth of the market.
In North America, foodborne illnesses and poisoning has been increasing. The major outbreaks of foodborne diseases have been reported due to pathogens such as salmonella, campylobacter, E. coli, and listeria. It has been estimated that nearly 48 million people in the U.S. contract foodborne poisoning each year. Apart from pathogens contamination, toxic materials are found in food products that may be responsible for foodborne toxicity. The North American food safety testing market is projected to reach USD 6.4 Billion by 2020, at a CAGR of 7.4% from 2015.
The organic fruits & vegetables market is projected to reach USD 62.97 billion by 2020, at a CAGR of 9.4% from 2015.The market for organic fruits & vegetables is highly fragmented and competitive in nature, with a large number of small-scale players operating at regional and domestic levels. The key players in the market adopted new product launches and expansions as their preferred strategies. The key players such as The WhiteWave Foods Company (U.S.), General Mills, Inc., (U.S.), H. J. Heinz Company (U.S.), and CSC Brands L.P. (U.S.) have been profiled in the report.
The sugar substitutes market, which forms an integral part of the sugar industry, is currently being driven by the rising demand for different kinds of sugar substitute products such as high-intensity sweeteners, low-intensity sweeteners, and high-fructose syrup in food, beverage, and healthcare applications. The sugar substitutes market is estimated to be valued at USD 13.26 Billion in 2015 and is projected to reach USD 16.53 Billion by 2020, at a CAGR of 4.5%.
The pea protein market is estimated to be valued at USD 22.8 Million in 2015 and is projected to reach USD 34.8 Million by 2020 at a CAGR of 8.80% from 2015 to 2020. The Asia-Pacific market is projected to grow at the highest CAGR during the forecast period due to the rapid growth in the food & beverage industry in developing countries such as China and Japan.
Betaine is one of the rapidly-growing markets in the food & beverages market. The rise in awareness about the nutritional value of betaine when used in dietary supplements as well as its multi-functional usage such as surfactant and methyl donor are the key factors driving its demand. The betaine market is projected to reach USD 3.89 Billion by 2020, at a CAGR of 5.8% during the forecast period. In 2014,
The European Commission defines food additive as "any substance not normally consumed as a food in itself and not normally used as a characteristic ingredient of food, whether or not it has nutritive value." Food additives have gained growing level of importance over the years owing to the diverse requirements of the food industry, end consumers, and regulatory bodies across the globe. The market for food additives is projected to grow at a CAGR of 5.6% to reach USD 52.2 Billion by 2020.
The meat ingredients market, that forms an integral part of the processed meat industry, is currently being driven by the rising demand for different kinds of processed meat products such as beef, pork, mutton, and poultry. Leading companies such as Kerry Group plc (Ireland), Ohly GmbH (Germany), and E. I. du Pont de Nemours (U.S.) have made significant investments in advancements of technologies and new product developments to provide superior quality, and innovative and cost-effective meat solutions to the customers.