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 food processing ingredients market is estimated to be valued at USD 41.40 Billion in 2018, and is projected to reach USD 55.99 Billion by 2023, at a CAGR of 6.2% during the forecast period. The market is experiencing growth due to a rising global awareness toward the consumption of healthy products, and a booming trend of adopting clean labels, that has led to the increase in the demand for natural food processing ingredients. This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading service companies such as Cargill (US), ADM (US), DuPont (US), Ingredion (US), Tate & Lyle (UK), and Kerry Group (Ireland).
The slaughtering equipment market is projected to reach USD 8.28 Billion by 2023 from USD 6.62 Billion in 2018, growing at a CAGR of 4.56%. Increase in demand for processed meat, lenient trade policies, and an increase in meat exports are some of the major factors that are expected to drive the demand for slaughtering equipment. This report includes a study of various slaughtering equipment, along with the product portfolios of leading companies. It includes the profiles of leading companies such as Marel (Iceland), BADDER Group (Denmark), BAYLE SA (France), Prime Equipment Group (US), and CTB (US).
The microbial lipase market was valued at USD 400.6 Million in 2017 and is projected to reach USD 590.2 Million by 2023, growing at a CAGR of 6.8% from 2018, in terms of value. The objectives of this study are to define, segment, and project the size of the microbial lipase market based on application, form, source, and key regions. This report studies the marketing and development strategies, along with the product portfolios of leading companies such as Novozymes (Denmark), DSM (Netherlands), Chr. Hansen (Denmark), Amano Enzymes (Japan), Associated British Foods (UK), and DowDuPont (US). Other significant players include Advanced Enzymes (India), Enzyme Development Corporation (US), Aumgene Biosciences (India), Biocatalysts (UK), Meito Sangyo Co., Ltd (Japan), and Creative Enzymes (US).
This report analyzes the food packaging technology & equipment market, in terms of geography, technology type, equipment type, and application. The global food packaging technology market is projected to grow at a CAGR of 6.1% and the food packaging equipment market, at 4.8% from 2014 to 2019. The market is marked with intense competition due to the presence of large number of large- and small-scale firms. This company includes the growth strategies adopted by the market players between 2011 and 2014 to expand their market shares.
The global market for non-thermal processing market has grown exponentially in the last few years. The market is estimated to be valued at USD 818.6 Million in 2017, and is projected to reach USD 1,224.2 Million by 2022, at a CAGR of around 8.4% from 2017. Emerging economies such as India, China, and Brazil are the potential primary markets of the industry. Growing trend of novel technologies and process optimizaiton are driving the market for non-thermal processing. This report includes a study of business strategies, along with the product portfolios of leading companies. More than 160 developments were tracked for the 15 companies in the non-thermal processing market. It includes the profiles of leading companies such as Bosch (Germany), Bühler (Switzerland), Hiperbaric España (Spain), Nordion (Canada), Avure Technologies (US), Emerson (US), CHIC FresherTech (US), Elea Technology (Germany), Pulsemaster (Netherlands), Gray*Star (US), Dukane (US), and Symbios Technologies (US).
The food ultrasound market was valued at USD 87.7 Million in 2016. It is projected to reach USD 134.6 Million by 2022, growing at a CAGR of 7.5% from 2017. Ultrasound technology is used for the processing of various food products such as meat & food, fruits & vegetables, beverages, dairy, bakery & confectionery, and others (cereals, grains, pulses, nuts, seeds, spices, and packaged foods). This report includes a study of the business strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as Bosch (Germany), Emerson (US), Bühler (Switzerland), Dukane (US), and Heilscher (Germany).
The dairy enzymes market is estimated to reach USD 734.6 Million by 2022, at a CAGR of 7.18% during the forecast period. The global demand for dairy enzymes is increasing significantly due to the increasing consumption of dairy products such as cheese and yogurt, growing demand for low-lactose and lactose-free dairy products, and environmental benefits associated with enzymes. This report includes a study of the marketing and development strategies, along with the product portfolios of the leading companies. It includes the profiles of leading companies such as BASF (Germany), Solvay (Belgium), Ajinomoto (Japan), Clariant (Switzerland), and Albion Laboratories (US). Other players include Shijiazhuang Donghua Jinlong Chemical (China), Galaxy Surfactants (India), Novotech Nutraceuticals (US), Schaumann (Germany), Dunstan Nutrition (New Zealand), Aliphos (Belgium), Chaitanya Chemicals (India), and Provit (Poland).
The market for textured soy protein is estimated at USD 1.58 Billion in 2016; it is projected to grow at a CAGR of 9.5% from 2017, to reach USD 2.73 Billion by 2022. The base year considered for the study is 2016, and the forecast period is from 2017 to 2022. The basic objective of the report is to define, segment, and project the global market size for the textured soy protein market on the basis of type, source, application, and region. It also helps to understand the structure of the textured soy protein market by identifying its various segments. This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes profiles of leading companies such as ADM (US), Cargill (US), DowDuPont (US), Wilmar International (Singapore), Victoria Group (Serbia), Bremil Group (Brazil), Linyi Shansong Biological Products (China), Shandong Yuxin Bio-Tech (China), Crown Soya Protein Group (China), Sonic Biochem (India), and Hung Yang Foods (Netherlands).
The food testing kits market was valued at USD 1.58 Billion in 2016. It is projected to reach USD 2.38 Billion by 2022, growing at a CAGR of 7.2% from 2017. Food testing kits include the kits for testing and detection of pathogens, meat species, GMOs, allergen, mycotoxin, and others (which include pesticides and other residues in food). Technologies used for testing are PCR-based, immunoassay-based, and enzyme substrate-based. Market players are tapping new opportunities by engaging in organic strategies such as the expansion of their global presence and product offerings through new product launches. This report includes a study of business strategies, along with the product portfolios of leading companies. More than 100 developments were tracked for the 12 companies in the food testing kits market. It includes the profiles of leading companies such as Thermo Fisher (US), Agilent (US), Eurofins (Luxembourg), bioMérieux (France), and Neogen (US).
The tartaric acid market was valued at USD 204.0 Million in 2016 and is projected to reach USD 285.6 Million by 2022, at a CAGR of 5.77% during the forecast period. Multiple functionalities across different industries, R&D and technological innovations, and growth of the wine industry are the factors driving this market. This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading service companies such as Caviro Group (Italy), ATP Group (US), Merck (Germany), Omkar Specialty Chemicals (India), Changmao Biochemical Engineering (China), Tarac Technologies (Australia), PAHI (Spain), Distillerie Mazzari (Italy), Distillerie Bonollo (Italy), Derivados Vinicos (Argentina), Industrias Vinicas (US), and Tártaros Gonzalo Castelló (Spain).
The glycinates market was valued at USD 878.1 Million in 2016, and is projected to grow at a CAGR of 5.89% from 2017, to reach USD 1,234.3 Million by 2022. The base year considered for the study is 2016, and the forecast period spans from 2017 to 2022. The basic objective of the report is to define, segment, and project the global market size of the glycinates market on the basis of type, form, application, and region. This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes the profiles of leading companies such as BASF (Germany), Solvay (Belgium), Ajinomoto (Japan), Clariant (Switzerland), and Albion Laboratories (US). Other players include Shijiazhuang Donghua Jinlong Chemical (China), Galaxy Surfactants (India), Novotech Nutraceuticals (US), Schaumann (Germany), Dunstan Nutrition (New Zealand), Aliphos (Belgium), Chaitanya Chemicals (India), and Provit (Poland).
The industrial margarine market was valued at USD 2.17 Billion in 2016 and is projected to grow at a CAGR of 3.5%, to reach USD 2.66 Billion by 2022. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022. The basic objective of the report is to define, segment, and project the global market size for industrial margarine on the basis of application, type, form, source, and region. This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes profiles of leading companies such as Congara (US), Bunge (Germany), Puratos (Belgium), Associated British Foods (US), Fuij Oil (Japan), Richardson International (Italy), Royale Lacroix (Belgium), Aigremont (Belgium), Vandemoortele (Belgium), NMGK Group (Russia), EFCO Group (Russia), and Wilmar International (Singapore).
The bacteriological testing market, by services, was valued at USD 8.93 Billion in 2016; this is projected to reach 13.98 Billion by 2022, at a CAGR of 7.8% during the forecast period. This report includes a study of marketing and development strategies, along with the services & product portfolios of leading companies. It includes the profiles of leading service companies such as SGS (Switzerland), Bureau Veritas (France), Intertek (UK), Eurofins (Luxembourg), TÜV SÜD (Germany), and ALS Limited (Australia). It also includes profiles of leading equipment providing companies such as 3M (US), Thermo Fisher (US), Merck (Germany), Agilent Technologies (US), Bio-Rad (US), and Romer Labs (Austria).
The cheese ingredients market is estimated to be valued at USD 87.08 Billion in 2017, and is projected to reach USD 102.14 Billion by 2022, at a CAGR of 3.24% from 2017. The growth of the cheese ingredients market is proportionally dependent upon the growth of the cheese industry. This report includes a study of the product offerings and competitive benchmarking of leading companies. It includes the profiles of leading companies such as Chr. Hansen Holding (Denmark), Fonterra (New Zealand), DuPont (US), DSM (The Netherlands), ADM (US), Arla Foods (Denmark), Dairy Farmers of America (US), Saputo Inc. (Canada), Almarai (Saudi Arabia), Alpura (Mexico), CSK Foods (Netherlands), and Sacco srl (Italy).
The heavy metal testing market was valued at USD 2.37 Billion in 2016. It is projected to reach USD 3.65 Billion by 2022, at a CAGR of 7.6% from 2017. Heavy metal testing includes the testing of food, water, and blood & other samples for various heavy metals such as arsenic, cadmium, lead, mercury, and others. This report includes a study of business strategies, along with the product portfolios of leading companies. More than 160 developments were tracked for the 15 companies in the heavy metal testing market. It includes the profiles of leading companies such as SGS (Switzerland), Intertek (UK), Eurofins (Luxembourg), TÜV SÜD (Germany), and ALS Limited (Australia).
The global individual quick freezing (IQF) market was valued at USD 14.77 Billion in 2016, and is projected to grow at a CAGR of 5.9% to reach USD 20.82 Billion by 2022. The objectives of the report are to define, segment, and estimate the size of the global individual quick freezing market, in both quantitative and qualitative terms; furthermore, the market has been segmented on the basis of equipment type, processing stages, technology, product, and region. This report includes a study of various individual quick freezing processing stages and technology, along with the product portfolios of leading companies. It includes the profiles of leading companies such as MAREL (Iceland), JBT (US), GEA (Germany), The Linde Group (Germany), Air Products and Chemicals (US), and Air Liquide (France).
The global pulse flours market accounted for a value of USD 9.78 Billion in 2016 and is projected to grow at a CAGR of 12.2% to reach USD 18.97 Billion by 2022 in terms of value. The objective of this study is to define, segment, and project the size of the pulse flours market on the basis of type, application, and region, and to provide detailed information about the crucial factors influencing the market dynamics (drivers, restraints, opportunities, and industry-specific challenges). This report includes a study of marketing and development strategies, along with the product portfolio of key service providers. It includes the profiles of leading companies such as Ingredion (US) ADM (US), SunOpta (Canada), Diefenbaker Spice & Pulse (Canada), Blue Ribbon (US), and Bean Growers Australia (Australia).
The refrigerated warehousing market is estimated to be valued at 17.98 Billion in 2017 and is projected to reach a value of USD 29.17 Billion by 2022, at a CAGR of 10.2% during the forecast period. The market is driven by factors such as an increase in demand for perishable foods, expansion of retail channels, and rise in disposable income in emerging countries such as China, India, and Brazil. This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes the profiles of leading companies such as AmeriCold Logistics (US), Lineage Logistics (US), Preferred Freezer Services (US), John Swire (UK), and AGRO Merchants (US), which have a strong global presence. Other players include Nichirei Logistics (Japan), Kloosterboer Services (Netherlands), Interstate Cold Storage (US), Cloverleaf Cold Storage (US), Burris Logistics (US), Frialsa Frigoríficos (Mexico), and Henningsen Cold Storage (US).
The rapid test market, in terms of value, was valued at USD 10.14 Billion in 2016. It is projected to reach USD 15.71 Billion by 2022, at a CAGR of 7.7% from 2017. This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. More than 240 developments were tracked for the 25 companies in the market. It includes the profiles of leading companies such as SGS (Switzerland), Bureau Veritas (France), Intertek (UK), Eurofins (Luxembourg), and TUV SUD (Germany).
The global fat replacers market witnessed steady growth over the last few years. The market size is estimated to be 1.48 Billion in 2017, and is projected to reach USD 2.01 Billion by 2022, at a CAGR of 6.2% from 2017. Increasing prevalence of obesity and the growing awareness about health and wellness are the major drivers contributing to the growth of the fat replacers market. The key players in the fat replacers market include ADM (US), DuPont (US), Cargill (US), Kerry Group (Ireland), FMC Corporation (US), Ingredion (US), Koninklijke DSM (Netherlands), and Ashland Inc (US).
The global food waste management market is estimated at USD 31.71 Billion in 2017, and is projected to reach USD 42.37 Billion by 2022 at the CAGR of 5.97% during the forecast period. This report includes a study of various waste management services and development strategies, along with the service portfolios of leading companies. It includes the profiles of leading companies such as Veolia Environnement (France), SUEZ (France), Waste Management, Inc. (US), Republic Services, Inc. (US), Stericycle, Inc. (US), and Covanta Holding Corporation (US),
The grain analysis market was valued at USD 1,665.8 Million in 2016 and is projected to reach 2,323.1 Million by 2022, at a CAGR of 5.8% during the forecast period. This report includes a study of marketing and development strategies, along with the services & product portfolios of leading companies. It includes the profiles of leading service companies such as SGS SA (Switzerland), Bureau Veritas SA (France), Intertek Group plc (UK), Eurofins Scientific (Luxembourg), TÜV SÜD (Germany), ALS Limited (Australia), among others. It also includes profiles of leading equipment providing companies such as Thermo Fisher Scientific, Inc. (US), Shimadzu Corporation (Japan), Waters Corporation (US), and AB Sciex (US).
The global potato processing market was valued at USD 22.74 Billion in 2016 and is projected to reach USD 30.85 Billion by 2022, at a CAGR of 5.3% during the forecast period. This report includes a study of the product offerings and competitive benchmarking of leading companies. It includes the profiles of leading companies such as Lamb Weston Holdings, Inc. (U.S.), The Kraft Heinz Company (U.S.), McCain Foods Limited (U.S.), J.R. Simplot Company (U.S.), Agristo NV (Belgium), Farm Frites International B.V. (Netherlands), AGRANA Beteiligungs-AG (Austria), J.R. Short Milling Company (U.S.), Intersnack Group GmbH & Co. KG (Germany), Idahoan Foods, LLC (U.S.), and Aviko B.V. (Netherlands).
The food automation market was valued at USD 8.22 Billion in 2016. It is projected to grow at a CAGR of 6.90% from 2017, to reach 12.26 Billion by 2022. This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as the Rockwell Automation, Inc. (U.S.), Siemens AG (Germany), ABB Ltd (Switzerland), Mitsubishi Electric Corporation (Japan), and Schneider Electric SE (France). Other players include Yokogawa Electric Corporation (Japan), GEA Group (Germany), Fortive Corporation (U.S.), Yaskawa Electric Corporation (Japan), Rexnord Corporation (U.S.), Emerson Electric Company (U.S.), and Nord Drivesystems (Germany).
The packaging testing market, in terms of value, is projected to reach USD 14.64 Billion by 2022, at a CAGR of 12.0% from 2017. This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as SGS S.A. (Switzerland), Bureau Veritas SA (France), Intertek Group Plc. (U.K.), Eurofins Scientific SE (Luxembourg), and TÜV SÜD AG (Germany).
The global lipid nutrition market was valued at USD 6.51 Billion in 2016, and is projected to reach USD 11.15 Billion by 2022, at a CAGR of 9.4% during the forecast period. This report includes a study of the product offerings and competitive benchmarking of leading companies. It includes the profiles of leading companies such as Koninklijke DSM N.V. (Netherlands), BASF SE (Germany), Nordics Naturals, Inc. (U.S.), Croda International Plc (U.K.), Archer Daniels Midland Company (U.S.), Kerry Group plc (Ireland), FMC Corporation (U.S.), Neptune Wellness Solutions (Canada), Aker BioMarine AS (Norway), Omega Protein Corporation (U.S.), FrieslandCampina (Netherlands), and Polaris Nutritional Lipids (France).
The humectants market is projected to reach USD 26.27 Billion by 2022, at a CAGR of 7.0% from 2017, in terms of value. In terms of volume, the market is projected to reach 14,741.6 KT by 2022, at a CAGR of 3.9% from 2017. Key players such as Cargill (U.S.), The Dow Chemical Company (U.S.), Archer Daniels Midland Company (U.S.), E. I. du Pont de Nemours and Company (U.S.), and Roquette Frères (France) have been profiled in the report. These leading players have adopted various strategies such as expansions & investments, mergers & acquisitions, and new product launches to explore new and untapped markets, expanding in local areas of emerging markets, and developing a new customer base for long-term client relationships. This has not only enabled the key players to expand their geographical reach, but has also reinforced their market position by gaining a larger share in terms of revenues and product portfolios.
The organic acids market is projected to grow at a CAGR of 5.48% from 2017 to 2022, to reach a projected value of USD 11.39 Billion by 2022. Key participants in the supply chain of the organic acids market are the product manufacturers, end use industries, and raw material suppliers. The key players that are profiled in the report include Cargill (U.S.), BASF SE (Germany), Dow Chemical Company (U.S.), Henan Jindan Lactic Acid Technology Co. Ltd (China), Archer Daniels Midland Company (U.S.), Eastman Chemical Company (U.S.), Corbion (Netherlands), Myriant Corporation (U.S.), Polynt-Reichhold (Italy), Tate & Lyle (U.K.), Koninklijke DSM N.V. (Netherlands), and E.I. Du Pont De Nemours & Company (U.S.).
The market for GMO testing has grown exponentially in the last few years. The market size is projected to reach USD 2.34 Billion by 2022, at a CAGR of around 8.2% from 2017 to 2022. This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such Thermo Fisher Scientific, Inc. (U.S.), SGS S.A. (Switzerland), Bureau Veritas SA (France), Intertek Group Plc. (U.K.), Eurofins Scientific SE (Luxembourg), TÜV SÜD AG (Germany), Bio-Rad Laboratories, Inc. (U.S.), ALS Limited (Australia), Mérieux NutriSciences Corporation (U.S.), AsureQuality (New Zealand), Romer Labs Diagnostic GmbH (Austria), and Microbac Laboratories, Inc. (U.S.).
The flavor enhancers market, in terms of value, is projected to reach around USD 8.18 Billion by 2022, at a CAGR of 5.6% from 2017 to 2022. The market is dominated by players such as Cargill (U.S.), Tate & Lyle PLC (U.K.), Associated British Foods plc (U.S.), Corbion N.V. (Netherlands), Sensient Technologies (U.S.). Other players in the industry include Novozymes A/S (Denmark), E.I. DuPont de Nemours and Company (U.S.), Angel Yeast Co., Ltd (China), Innova Flavors (U.S.), Savoury Systems International, Inc. (U.S.), Senomyx, Inc. (U.S.), and Ajinomoto Co., Inc. (Japan).
The Guar Gum Market is projected to grow at a CAGR of 7.9% from 2017 to 2022, to reach USD 1.15 billion by 2022. The multifunctional nature of guar gum, ease of incorporation in a wide range of applications, and increase in demand for guar gum from the oil & gas industry are the main factors driving the guar gum market. The leading players who dominated the guar gum market include Hindustan Gums & Chemicals Ltd. (India), Vikas WSP Limited (India), India Glycols Limited (India), Rama Gum Industries (India) Ltd., and Dabur India Ltd. (India).
The global botanical extracts market is estimated to be valued at USD 3.92 Billion in 2017, and projected to reach USD 6.03 Billion by 2022, at a CAGR of 9.0% from 2017. This report includes a study of marketing and developmental strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as Frutarom Ltd (Israel), Döhler GmbH (Germany), and Kalsec Inc. (U.S.). Other players include Blue Sky Botanics (U.K.), Ransom Naturals (U.K.), Prinova Group LLC (U.S.), Synergy Flavors (U.S.), and Haldin International (Indonesia).
The stevia market is projected to reach a value of USD 771.5 Million by 2022, growing at a CAGR of 9.5% from 2017. Market growth is driven by the growth in customer demand for natural sugar alternatives, zero calorie beverages, and healthier foods incorporating natural sugar substitutes. The market is also driven by factors such as positive regulatory outlook for stevia as a natural sweetener and increase in a number of innovative product developments for stevia and stevia-based products that can be cost-effective as well as used in a wide range of food & beverage applications.
The global polyol sweeteners market has grown steadily in the last few years. The market size is projected to reach USD 3.30 Billion by 2022, at a CAGR of 5.9% from 2017 to 2022. The growth in demand for low-calorie and healthier food & beverage products is the major driving factor of this market. The market is dominated by players such as Cargill (U.S.), E.I. du Pont de Nemours and Company (U.S.), Archer Daniels Midland Company (U.S.), and Roquette Frères S.A. (France). Other players in the industry include Südzucker AG (Germany), and Tereos Starch & Sweeteners (France).
The soluble dietary fibers market was valued at USD 1.52 Billion in 2016. It is projected to grow at a CAGR of 13.4% from 2017, to reach 3.23 Billion by 2022. The base year considered for this study is 2016 and the forecast period is from 2017 to 2022. The objectives of the study are to define, segment, and measure the size of the soluble dietary fibers market with respect to type, application, source, and region.
The global carbonated beverage processing equipment market has grown exponentially in the last few years. The market size is projected to reach USD 7.23 Billion by 2022, at a CAGR of around 7.3% from 2017 to 2022. Emerging countries such as India, China, Brazil, and Argentina are the primary targets of the industry. Factors such as increasing demand for functional drinks, emergence of new technologies and upgradation of equipment & machinery are the major driving factors for this market. Moreover, advanced technologies and automation helped to drive the carbonated beverage processing industry.
The food amino acids market is projected to grow at a CAGR of 7.8% from 2016 to 2022, to reach a projected value of USD 6.82 Billion by 2022. The increase in demand for food amino acids has been observed in the recent years, due to the increase in the demand for processed and convenience foods. Also, growing inclination of consumers toward food and dietary products with additional health benefits is fueling the demand for food amino acids.
Oryzenin, a rice glutelin, is an important constituent of rice protein. Glutelin comprise the major protein fraction of rice grain and constitute upto 80% of the total protein. The global oryzenin market is estimated at USD 88.2 Million in 2016 and is projected to reach USD 198.2 Million by 2022, at a CAGR of 14.5% during the forecast period. The primary factors that drive the oryzenin market are increasing demand for rice protein due to its functional properties and growth in the consumption of plant protein.
The food authenticity testing market size is projected to reach USD 7.50 Billion by 2022, at a CAGR of 7.6% from 2016 to 2022. Growing awareness among consumers about food authenticity and regulations is one of the significant factor driving the market for food authenticity testing. Over the last few decades, there has been a significant increase in consumer concerns for food authenticity. Consumer awareness plays a vital role in implementing the quality & safety of food products through various means such as labeling, claims, and nutrition facts.
The global shortenings market is projected to reach USD 4.57 Billion by 2022 in terms of value, at a CAGR of 4.2% from 2017. The objective of this study is to define, segment, and project the size of the shortenings market on the basis of key ingredient, source, variant, application, and region, and to provide detailed information about the crucial factors influencing market dynamics (drivers, restraints, opportunities, and industry-specific challenges). The market opportunities and competitive landscape of market leaders are also studied for the stakeholders.
The xanthan gum market is projected to grow at a CAGR of 3.25% from 2016 to 2022, to reach a projected value of USD 452.8 Million by 2022. Xanthan gum has become prominent in the recent years, due to the increase in the demand for various gluten-free and natural food & beverage products. Also, the growth in inclination of consumers toward convenience food is fueling the demand for xanthan gum, as it is used in various convenience food applications, owing to its properties such as thickening and stabilizing.
The food thickeners market is projected to grow at a CAGR of 5.95% from 2016 to 2022, to reach a projected value of USD 15.80 Billion by 2022. The market is driven by the growth in demand for convenience foods, consumer awareness toward healthy diet, and multiple functionalities and advantages associated with the use of food thickeners.
The meat speciation testing market is projected to grow at a CAGR of 8.20% from 2016 to 2022, to reach a projected value of USD 2,220.6 Million by 2022. The market is driven by increase in number of adulteration and food fraud cases, religious beliefs, and compliance with labeling laws, and stringent regulations and consumer demand for certified products.
The global fruit & vegetable processing enzymes market has grown steadily in the last few years. The market size is projected to reach USD 41.39 Billion by 2022, at a CAGR of around 6.7% from 2016 to 2022. The high specificity of enzymes in biochemical reactions is the major driving factor of this market. The fruit & vegetable processing enzymes market based on sources has been segmented into bacteria and fungi. This is because bacteria is largely used to increase the shelf-life of fruits & vegetables for a prolonged time.
The global milk protein market is projected to reach USD 13.38 Billion by 2022 in terms of value, at a CAGR of 6.5% from 2017. Milk protein is a widely accepted ingredient in food & beverage applications, owing to its functional properties. The multifunctionality of milk protein increases its adoption in end-use applications. Also, the growing demand of high protein, nutritious products and increase in demand for premium products has expanded the application areas of milk protein in the food & beverage industries.
The food allergen testing market size is projected to reach USD 760.7 Million by 2022, at a CAGR of 6.8% from 2016 to 2022. The market is driven by labelling-compliance in various food industries, growing allergic reactions among consumers, consumer complaints (food recalls), implementation of stringent food safety regulations, and international trade of food materials.
The market for aseptic processing, by equipment is projected to reach USD 12.24 Billion by 2022, growing at a CAGR of 3.8% from 2017, in terms of value. The packaging market is projected to reach USD 77.25 Billion by 2022, growing at a CAGR of 10.6% from 2017, in terms of value. The key players include Robert Bosch GmbH (Germany), E.I. Du Pont De Nemours and Company (U.S.), Tetra Laval International S.A. (Switzerland), SPX FLOW, Inc. (U.S.), and IMA S.p.A (Italy). Other players such as Becton, Dickinson and Co (U.S.), Amcor Limited (Australia), GEA Group (Germany), Greatview Aseptic Packaging Co., Ltd (China), and JBT Corporation (U.S.) also have a strong presence in the global aseptic processing market.
The global wood vinegar market has grown steadily in the last few years. The market size is projected to reach USD 6.7 Million by 2022, at a CAGR of around 7.2% from 2016 to 2022. The growing demand for bio-based agricultural inputs is the major driving factor of this market. The wood vinegar market, based on pyrolysis method, has been segmented into slow pyrolysis, fast pyrolysis, and intermediate pyrolysis. Slow pyrolysis method accounted for the largest market share in 2015.
The global herbal supplements market has grown steadily in the last few years. The market size is projected to reach USD 86.74 Billion by 2022, at a CAGR of around 6.8% from 2016 to 2022. The growing awareness for preventive healthcare methods is the major driving factor of this market. The herbal supplements market based on sources has been segmented into leaves, barks, fruits & vegetables, and roots. The leaves segment accounted for the largest market share in 2015 as herbal supplements are largely made up of plant leaves.
The global fermented ingredients market has grown exponentially in the last few years. The market size is projected to reach USD 35.63 Billion by 2022, at a CAGR of around 9.0% from 2017. Factors such as growth in bio-ethanol & antibiotics industry and rise in awareness among consumers toward quality fermented food ingredients are some of the major drivers of this market. Emerging countries such as India, Japan, and China are the primary targets of the industry as they demand healthier and safer products.