Food and Beverages – Latest Market Trends

Halal Food and Beverage Market Will Generate About USD 739.59 billion By 2024

The global halal food & beverage market is expected to reach USD 739.59 billion by 2025. Halal Food is termed as a dietary standard as stated in the Qur’an that means free from any constituent that Muslims are forbidden from consuming as stated in Islamic law. That means, in the month of Ramadan, Muslims who are fasting will only select food items and drinks that are permitted under Islamic law Halal is an Arabic word. It includes food like cattle, chicken, and sheep which is slaughtered by Muslims. The Halal Food and Beverage Market is estimated to grow at a CAGR of 6.1% over the forecast period as the scope and its applications are rising enormously across the globe.

Rising population consuming halal food mainly other communities rather than Muslim, rising importance of health and hygiene that affects the eating forms of customers, and rising demand for halal-certified foods are documented as major factors of Halal Food & Beverage Market that are estimated to enhance the growth in the years to come. Also, changing lifestyle, high demand for packaged foods, and short preparation time and ease of cooking for these halal food products are other factors that may boost overall market growth in coming years. Halal Food & Beverage industry is segmented based on product types, applications, distribution channel, and region.

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Confectionery and cocoa; Meat, poultry, and seafood; Oil, fats, and waxes; Vegetables, and nuts; Cereals and grains; and Beverages are the product types that could be explored in Halal Food in the forecast period. The meat, poultry, and seafood sector accounted for substantial market share and is estimated to lead the overall market in the coming years. This may be because of absence of animal blood that contains bacteria and toxins, rising preference for convenience and pre-cooked foods, and growing purchasing power of customers mainly in Muslim countries.

The market may be categorized based on applications like confectionery, processed food & beverages, bakery products, and others could be explored in forecast period. Processed food & beverages sector accounted for the substantial market share of Halal Food and is estimated to continue its dominance in the coming years. Also, bakery products sector is estimated to grow at fastest pace in the coming years. Hypermarkets, traditional retailers, supermarkets, and other distribution channels could be explored in Halal Food in the forecast period.

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Globally, Asia Pacific accounted for the substantial market share of Halal Food and is estimated to lead the overall market in coming years. The reason behind the overall market growth could be increasing Muslim population, growing awareness among customers regarding halal food, and growth in disposable income. Moreover, promotion of their halal food export by Southeast Asian countries may lead the market in coming years. The major consumers of Halal Food are India, Indonesia, Pakistan, and Bangladesh.

Instead, North America and Europe are also estimated to have a positive influence on the future growth. North America is the second largest region with significant market share. However, Europe is estimated to grow at fastest pace with the highest CAGR in the foremost period.

The key players of Halal Food & Beverage Market are Saffron Road Food, Al Islami Foods, QL Foods, BRF, Nestlé, Tahira Food, Al-Falah Halal Foods, Prima Agri-Products, Beijing Shunxin Agriculture, ingyitai Halal Food, and Dagang Halal. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.

Drilling Waste Management Market Achieve Mildstone of USD 7.13 billion

The global Drilling Waste Management Market is expected to cross USD 7.13 billion by 2025 and is expected to reach at a CAGR of 6.57% in the forecast period due to rise in environmental concern toward effective drilling waste management. Activities pertaining to oil & gas exploration, logistics and transportation entail a potential risk to surroundings and atmosphere. These activities are production, work-over operations, gas plant operations, and completion operations.

The type of wastes in the drilling operation include heavy metals, drilling fluid, and mud. The toxicity of drilling waste determines the deterioration of life and health of living beings due to exposure of toxic substances. Toxicities are determined through bioassays and exposure to laboratory animals to different amounts of toxic substance. On the other hand, the overall process of drilling oil and gas produces very large volumes of mud and drill cuttings. Hence, offshore and onshore methods have followed a wide range of methods to manage drilling wastes.

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Strict regulations by the government and environmental concerns are driving the drilling waste management system market. Rise in ecological awareness in the international market is another factor boosting the market growth. In addition, rise in investments in the mining and construction sector is anticipated to contribute significantly to the market growth in the forecast period. Drilling waste management industry is segmented based on service, application, and geography. Service categories for drilling waste management market include containment and handling, solids and control & treatment, and disposal. “Treatment and disposal” category dominates the market segment owing to increasing popularity.

Containment handling stands second to the segmental growth in the forecast period due to efficient methods of service. Application category for drilling waste management industry includes onshore and offshore. Onshore applications registered a CAGR of 6.1% in 2016 and is anticipated to exhibit a higher growth during the forecast period. Offshore applications witness a moderate growth due to slowing of oil and gas sector that contributes majorly to the drilling waste management market.

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Geographical segmentation for drilling waste management industry spans North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. Europe and North America are sizeable markets due to extensive production ofoil and gas coupled with stability in oil prices. Asia-Pacific’s drilling waste management market accounts for a slightly higher growth due to rise in export of oil and gas for commercial and industrial use. Rise in government regulations in the offshore regions and rising awareness regarding environmental pollution are likely to drive the APAC’s market growth in the forecast period.

In the Middle East and Africa, the market witnesses potential opportunities in form of exploration activities due to oil & gas reserves in these regions. Stern policies by government for offshore projects triggers the inclination towards drilling waste management processes. The key players in the drilling waste management industry include Soli-Bond Waste Processing Services, Secure Energy Services Inc., Weatherford International Ltd., Soiltech AS, TWMA, STEP OILTOOLs, Specialty Drilling Fluids Limited, and Tervita Corporation.

Meat Processing Equipment Market Will Reach Height of USD 16.22 billion By 2024

Global Meat Processing Equipment Market is expected to reach USD 16.22 billion by 2025. Meat is the utmost appreciated livestock product and for several people aids as their first-choice source of animal protein. Meat is also consumed as an as processed meat products or constituent of kitchen-style food preparations. Meat processing consists of exclusive chemical and physical treatment methods that can be mechanized. The meat processing equipment market is estimated to grow at a significant CAGR of 6.2% over the future period as the scope and its applications are rising enormously across the globe.

Growth in secured regulations producing the need for classy equipment, and high demand for numerous processed meat products like packaged meat products and ready-to-eat meat products are documented as major factors of meat processing equipment industry that are estimated to enhance the growth in the years to come. However, rising cost of logistics and raw material may restrain overall market growth in the coming years. Meat processing equipment market is segmented based on equipment’s, meat type, product type, and region.

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Massaging equipment, Cutting equipment, Smoking equipment, Blending equipment, Grinding equipment, Tenderizing equipment, Dicing equipment, Filling equipment, and other equipment’s could be explored in meat processing equipment in the forecast period. There are various types of meat like Processed mutton, processed beef, and Processed pork that could be explored in meat processing equipment in the future period. Dried meat, freshly processed meat, cured meat, raw cooked meat, raw-fermented meat, precooked meat, and other product types could be explored in meat processing equipment in the foremost period.

Globally, North America accounted for the largest market share of meat processing equipment and is estimated to lead the overall market in the upcoming years. The reason behind the growth of overall market could be presence of huge meat processing manufacturers in the region and high demand for the equipment’s from the populace. The United States is a major consumer of meat processing equipment in this region, as high demand from consumers for locally processed meat.

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Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at fastest pace with the highest CAGR in the foremost period. The developing countries like India and China are the major consumers of meat processing equipment in the region.

The key players of meat processing equipment market are The Manitowoc Company, Inc., GEA Group AG, Illinois Tool Works Inc., JBT Corporation, Marel, and Heat and Control, Inc. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

COVID 19 Implications Modified Starch Market Latest Competitive Insights By 2024

The global Modified Starch market was valued at USD 9.36 billion in 2016 and is estimated to grow at a CAGR of 5.7% by the completion of the prediction period. Growing demand for convenience foodstuff and speedily increasing pharmacological manufacturing in the Asia Pacific are expected to motivate the development of the international market.

On the source of the Type of Applications, the statement concentrates on the position and viewpoint for foremost uses. It takes into consideration the intake in terms of sales, market stake, and development percentage of modified starch for respective use, including Fabrics, Papers, Foodstuff & Liquid Refreshment, Medicines, Animal Feedstuff, and others. The subdivision of Foodstuff & Liquid Refreshment held the leading stake of the market by means of income during the past year. Modified starch is utilized such as a thickener in sweet course, permitting the foodstuff to solidify by way of the adding of milk or cold water.

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The modified starch market on the source of Type of Function could span Binders, Thickeners, Emulsifiers, Stabilizers, and others. With reference to income, the subdivision of Thickeners held the leading stake of the modified starch industry during the past year. It is expected to go up by a substantial CAGR above the prediction period.

The modified starch market on the source of Type of Material could span Potato, Cassava, Wheat, Corn, and others. By means of capacity, corn centered modified starch subdivision held the most important stake of the market during the past year. It is expected to carry on leading and is expected to grow by a better CAGR above the period of prediction. Corn is one of the commercially available plentiful raw materials. Corn centered modified starch is broadly utilized as emulsifier, stabilizer, and thickening agent through a number of end use businesses.

The modified starch market on the source of Type of Product shows the Manufacture, Profits, Price, Market stake and Development percentage of respective category could span Pre-gelatinized, Resistant, Cationic, Starch Esters & Ethers, and others.

The modified starch industry on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage for the duration of prediction could span North America, Europe, Asia Pacific, Central & South America and Middle East & Africa.

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By the source of geography, North America headed the market during the past year. Growing significance of low-slung fat nourishment in the U.S. is likely to power the provincial market. The U.S. is one of the most important manufacturers of corn and corn starch in the world. The market in the U.S. is likely to develop considerably because of greater manufacture and exports. Canada is the subsequent biggest supplier in North America. It is likewise estimated to motivate the market due to growing significance of animal feedstuff. Increasing demand from animal feedstuff and foodstuff & liquid refreshment manufacturing are expected to boost the provincial growth in neighboring period.

Encouraging strategies by the government in the occupation of farming indorsing usage of modified starch products and eye-catching funds have generated new-fangled development opportunities in the Asia Pacific. Nations like Taiwan, South Korea, China Japan and India, rest on farming to some level for financial development because of it is the most important supplier to their GDP. The Asia Pacific is responsible for the most important portion of the international manufacture, by way of speedy growth in developing markets. Progress of the Asia Pacific fabric manufacturing is likely to additionally motivate the provincial market.

The statement revises Trades in terms of intake of modified starch in the market; particularly in North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field are Cargill, Incorporated, Emsland-Starke GmbH, Archer Daniels Midland Company, Global Bio-Chem Technology Group Company Limited, Avebe U.A., A grana Beteiligungs-Ag, and others.

Pulse Flour Market Size Is Increasing Rapidly Globally

The global pulse flour market size was estimated over USD 17 billion in 2015. Pulse flour obtained from the hull of pulses like chickpea, pea, lentils, and other legumes is gaining popularity as an essential functional food ingredient. The growing vegetarian population is driving the demand for these products in various food products. Extensive R&D for new product development coupled with government initiatives about the promotion of pulses is expected to have a positive impact on market growth over the forecast period.

Pulse flour contains low-fat source, low glycemic index, and high fiber content owing to which this product exhibits many advantages over wheat flour and rice. The presence of rare elements such as potassium, selenium and sodium & nutrients is responsible for growing demand in end-use applications.

The growing incidences of diabetes and obesity have increased the importance of naturally sourced ingredients such as pulse flour as they increase the nutritive value of food. The demand for pulse flour has been on the rise owing to growing demand for gluten free foods. Gluten free foods aid in minimizing the risk of excess weight and increase energy levels. The changing lifestyles coupled with a rise in on the go eating is expected to boost the usage of pulse flour in the manufacturing of gluten-free foods.

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Bakery & snacks were the largest segment in the market accounting for more than 85% of the market share in 2015. Rising awareness about consumption of healthy bakery products is anticipated to boost the consumption of pulse flour in this application segment.

Numerous private volunteer organizations and commercial food processors are working towards inclusion of pulse flour in formulations of beverages. Pulse flour demand has received a boost on account of growing application in infant formulations. It has also proven to be an effective alternative for children suffering from soy and lactose allergies.

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In 2015, Chickpea flour products dominated the market globally by accounting over 30% share. The demand for this product is driven by its ability to control health issues such as obesity, diabetes, cancer and coronary heart disease.

Lentil’s rising utilization in combination with pea flour is anticipated to boost market demand over the forecast period. Many food products are reformulated using lentil flour to reduce carbon footprint in food and to increase protein quality.

Regional Insights

In 2015, Europe dominated the pulse flour market globally by accounting over 25% of share in terms of revenue. North America and Asia Pacific are key consumers of beverages. Rising consumption for sports and energy drinks are expected to witness a growth over the forecast period.

The Middle East & Africa is the fastest growing region on account of growing application of pulse flour in curries, soups, tajines, and hummus. Growing food services and retail sales coupled with high population growth in the region is likely to have a positive impact over the forecast period. The growing hospitality industry is in countries such as Morocco, UAE, Israel, and Egypt is expected to further augment market demand over the forecast period.

Competitive Insights

The key players in the market are Harvest Innovations, Parakh Agro Industries Ltd., CanMar Grain Products, ADM, Ingredion Incorporated, Best Cooking Pulses Inc., Ganesh Grains Ltd, Diefenbaker Seed Processers, and AGT Food & Ingredients.

Industry participants are adopting merger & acquisition and new product development strategies to strengthen their market position. In October 2014, Archer Daniels Midland Company acquired WILD Flavors GmbH in October 2014.

Organic Rice Protein Market Bag A Mark of USD 98.81 billion Globally With Key Players

The global organic rice protein market was valued over USD 30 million in 2015 and is expected to witness rapid growth over the forecast period. The growing demand for organic, vegan, non-toxic and non-GMO food ingredients is expected to fuel the demand for these products. The hypoallergenic nature is proving extremely useful and replacing dominant allergens such as gluten proteins, dairy, and soy.

The high nutritional value of these products owing to the presence of large amounts of amino acids is beneficial for building muscles owing to which organic rice protein is combined with dietary protein in health supplements. Increasing utilization of this product in sports & recovery drinks and non-dairy drinks is expected to propel the demand. High-quality products developed using extensive R & D is driving market growth. Superior properties and low cost of these products are expected to open new avenues for application in end-use industries.

Organic rice protein exhibits functional properties such as viscosity, solubility, emulsification, and foaming which helps in maintaining the quality of the product. Low consumer awareness about organic rice protein coupled with the availability of alternative products coupled is projected to act as a restraint over the forecast period.

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Sports and energy nutrition application segment dominated the market in 2015 by accounting for over 85% share. The growing focus on healthy and nutritional drinks containing organic ingredients is expected to have a positive impact on market growth. The ability of these products to improve metabolism and controls sugar level is responsible for rapid growth in this application segment. The growing trend of going vegan is boosting the demand for meat analogues and extenders product category which is expected to boost the demand for these products over the forecast period.

Product Insights

This product is available in different forms such as concentrates, ion exchange protein, hydrolysates, and isolates. Isolates accounted for over 50% of market share in 2015. Isolates are utilized in baking, cooking, and beverages purposes as a flavor enhancer.

Concentrates are witnessing gradual growth due to high investment by various market players and low cost of the product. Concentrates have the ability to replace products such as food proteins without impacting texture, taste, and color of the product.

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Europe is expected to witness the fastest growth on account of increasing consumer awareness. Growing consumption of meat analogs coupled with rising focus on healthier lifestyles is likely to propel the demand for organic rice protein over the forecast period.

North America was the most dominant region for this market in 2015 by accounting over 50%, owing to growing demand for sports beverages in Canada and US. The presence of many key manufacturers in this region is likely to drive market growth over the forecast period. High preference towards natural food ingredients is expected to further augment the market growth.

Competitive Insights

The key players in the organic rice protein market are AIDP Inc., Axiom Foods, and Rice Bran Technologies. The other industry players include Shaanxi Fuheng Biotechnology Co., Ltd., Top Health Ingredients Inc., The Green Labs LLC, Nutrition Resource Inc., Shafi Gluco Chem Pvt. Ltd., Bioway Organic Ingredients Co. Ltd., and Golden Grain Group Ltd. Agreements and partnerships are the strategies adopted by the key players. Companies are trying to increase their global reach by entering into partnerships and expanding their distribution channels. Key manufacturers are involved in extensive R & D for high-quality product development, which is expected to drive the competition among the key manufacturers.

Pet Food Market Achieve Mildstone of USD 98.81 billion

Global Pet Food Market is anticipated to reach USD 98.81 billion by 2022. The market is anticipated to grow at a healthy rate in the years to come. The factors that propel the growth of the market include rapid urbanization & industrialization, increasing demand, increasing trend of nuclear families, improved consciousness about pet health, and fast humanization of pets, product development & technological innovations.

In addition, factors such as changing standard of living, rise in disposable income, increase in number of pet owners, and growing pet humanization significantly fuel the market growth. On the other hand, there are factors that may hamper the growth of the market such as growing obesity in pets and increasing pet allergies. The Pet Food Market is anticipated to grow at a significant CAGR of 4.3% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

The market may be explored by food product, applications, sale channel, and geography. Pet Food Market may be explored by food product as Wet/Canned Food, Dry Food, Snacks/treats, Nutritious Food, and Others. The “Dry products” segment dominated the Pet Food Market in 2014 and anticipated to maintain its dominance by 2022. Dry food products are mostly targeted for young animals due to their high nutritive value. These products are accessible in an extensive price range, standard, standard premium, super premium, and economy. Important factors driving demand for dry products comprise lower generation of waste, longer storage, and handling convenience.

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Pet Food Market may be explored by application as Cats, Dogs, and Others. The “Dog” segment dominated the application of the Pet Food Market in 2014 and is anticipated to maintain its dominance by 2022. Dogs are the friendliest animals kept as pets across the globe. Accessibility of dog food for various types is expected to have an optimistic influence on industry development over the forecast period.

The market may be explored by sale channel as Hypermarkets, Specialized Pet Shops, Internet Sales, and Others (Grocery Stores, Non-grocery Stores). Asia-Pacific accounted for the major share of the market in 2014 and will continue to lead in the forecast period. The factors that could be attributed to the growth include increasing urbanization across the developing economies that has resulted in larger adoption of several animals as companions will boost the Pet Food Market growth in the years to come.

Some of the key players that fuel the growth of the Pet Food Market comprise Gitwako Farms (I) Pvt. Ltd., Avanti Overseas Pvt. Ltd., Agro Food Industries Pvt. Ltd., Frigorifico Allana Pvt. Ltd., Doggie Dabbas, Cuddleup Diet Products Pvt. Ltd., Bharat International Pet Foods Pvt. Ltd., Mars International India Pvt. Ltd., Venky’s (India) Ltd, and Khanal Foods Pvt. Ltd. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Pet Food Product Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2012 – 2022)
• Dry Food
  • Wet/Canned Food
  • Nutritious Food
  • Snacks/treats
  • Others

Pet Food Application Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2012 – 2022)
  • Dogs
  • Cats
  • Others

Global Food Emulsifiers Market is Booming Worldwide from 2020 to 2024

The global food emulsifiers market was valued at a revenue of USD 4.36 billion in the year 2015. Bakery & confectionery is one of the significant end-uses, which is likely to drive the global demand over the years ahead, owing to the multifunctionality of these products.

Emulsifiers or colloids are widely used as process additives during the manufacturing of victuals. They are broadly consumed in various applications such as food & beverage, meat processing, bakery products, and confectionary goods. Rapid industrialization of the food & beverage sector in Asia Pacific is another significant driver of the food emulsifiers market demand. Changes in consumer preferences regarding various physico-chemical and sensory attributes such as the texture, quality, nutritional content, and taste are likely to create a positive impact on the industry dynamics during the forecast period.

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The U.S. has been one of the prominent consumers of emulsifying agents. The ongoing green label trend in this country over the use of ingredients and additives used in food processing is likely to upsurge the requirement of bio-based and natural ingredients in the future. This in turn is expected to provide a favorable opportunity for the consumption of various natural emulsifying materials in key application sectors over the coming years.

Stepan Company is one of the key manufacturers, which offers emulsifying agents for the food & beverage industry. It supplies mono and di-glycerides under the Drewmulse brand, that helps in emulsification and stabilization of food and nutrition systems.

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In terms of revenue, mono-, di-glycerides and derivatives held the highest share of the global industry in 2015. These products are fatty acid esters that are derived from glycerin. They help to improve the surface activity needed for effectively homogenizing and stabilizing the processed victuals.

Mono, di-glycerides and derivatives find significant use in manufacturing of bakery and dairy items, including margarine, bread, cakes and ice creams. Owing to, to their huge consumption in bakery processing applications, this product category is likely to increase at a CAGR 4.3% in terms of revenue, by the end of 2025.

Stearoyl lactylates is another major segment, which is likely to offer favorable growth opportunities during the forecast period. Their consumption is expected to increase in the future, owing to substantial production of snacks, sauces, pancakes, dietary products and alcoholic cream-based beverages. This product has been declared safe by the US FDA, which in turn is likely to boost its growth rate in the coming years.

Malt Ingredients Market Will Reach Height of USD 28.41 billion By 2024

Malt Ingredients Market was appreciated by US$ 19.79 billion in 2018 and it is anticipated to touch US$ 28.41 billion by 2025. It is expected to increase by a 5.3% CAGR during the period of 2019 to 2025.

The malt is the remaining of cereal grains. These are permitted to become dry and at that point sprout. Usually, barley grain is utilized such as malt ingredient. It is drenched in water and at that time permitted to sprout. This procedure is recognized such as malting. The starch existing in ingredients is changed to sugars for example fructose and glucose, during this procedure. The malt ingredients have a huge opportunity in the manufacturing of food & beverages. Malt ingredients benefit to improve the feel and taste of a number of foodstuffs products. These ingredients are largely utilized to make diverse categories of confectionary and beverages for example high quality tea biscuits, malt loaf, Ovaltine, malt vinegar, whisky, whoppers & maltsters, bagels, milo, Horlicks, malted shakes, and beer.

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Speedy development of the market for malt beer on an international level is estimated to be an important motivating issue for the growing demand of the malt ingredients. Additionally, augmented significance of malt extracts such as functional constituents in the preparation of nutritional drinks and confectionary because of their fiber, essential amino acid, and Vitamin-B stuffing is expected to motivate the demand.

Mainly the malt ingredients industry is motivated by increasing demand from the sector of food & beverage manufacturing throughout the world. Growing demand for beer and dairy products is likewise estimated to power the demand for malt ingredient for the duration of the approaching years. However, developing market for the malt ingredients is likely to expose the new-fangled openings for the duration of neighboring years.

The increasing number of presented new-fangled food products in the market, particularly those comprising herbal and organic constituents, along with the increasing demand for utterly natural foodstuffs is generating new-fangled opportunities in the malt ingredient market. By reason of strict guidelines enforced on supply and vending of alcoholic beverages in the Middle East province, the admiration of non-alcoholic malt beverages have increased substantially during the previous a small number of years.

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The amount of non-alcoholic brewing firms has been growing within the region, as an outcome of these strict guidelines. Furthermore, manufacturing companies are likewise concentrating on the development of new-fangled products, by means of tastes, for example peach, raspberry and pomegranate.

Restraints:

On the other hand, differences in season and obtainability of respectable class cereal grains are expected to restrict the development of the global market for malt ingredients.

Classification:

The global malt ingredients industry can be classified by Application, Source and Region. By Application it can be classified as: Pharmaceutical, Food Manufacturing, Alcoholic Beverage, Non Alcoholic Beverages and others. By Source, it can be classified as: Rye, Barley, Wheat and others.

Regional Lookout:

By Region the global malt ingredients market can be classified as North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. In 2018, Europe detained the biggest share of the global market for malt ingredients, because of the existence of a huge number of breweries in the nation states comprising Switzerland, Italy, Spain, the U.K., Netherlands, France and Germany. The province will preserve its leading place during the period of forecast because of increasing acceptance of craft beers in the Eastern European nation state, for example Poland and Russia.

On the other hand, the Asia Pacific market for malt ingredients is expected to record the all-out development percentage during the period of 2019 to 2025. Middle East & Africa is anticipated to observe a substantial development during the nearby prospect. The manufacturing companies in this province are presenting inventive spiced up non-alcoholic malt drinks. This is likely to be an important reason motivating the development of the province’s malt ingredient industry.

Companies:

Maximum of these companies are concentrating on increasing their sizes of manufacture to supply to the prospective markets of Middle East & Africa and Asia Pacific. For case in point, Malt europ Group stretched out its capability of the manufacturing unit from 80 to 200 thousand tons in September 2018.

Some of the important companies for malt ingredients market are: Polttimo, The Soufflet Group, Briess Malt & Ingredients, VIVESCIA Industries (Malteurop), Axéréal; Crisp Malting, BSG Craft Brewing, Grain Corp Ltd., Simpsons Malt, Muntons PLC, and Cargill, Inc.

Amino Acids Market Will Grow AT A CAGR of 7.8% By 2027

Synopsis

The global amino acids market was prized by USD 21.18 billion in 2019. It is estimated to witness 7.8% CAGR from 2020 to 2027.

Drivers

The growing demand from the nutraceuticals, food, and pharmaceutical manufacturing is expected to propel the market for amino acids. Due to its capability to take care of mental tiredness, muscle sprain and tenderness, the product is extensively utilized in the nutritional enhancements.

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As a result of greater amino intensity and ease of use, plant sourced raw materials like corn, soybean, and wheat, are getting reputation. So as to retain the reliable delivery of raw materials for manufacture, major companies of the market are taking up, frontward and rearward incorporation approach, intended for the safe greater class and steady source of raw materials.

Growing demand for the nutritional enhancement, together with augmented growth of the healthcare business in the nations, like the U.S., China, Mexico, and India, is estimated to boost the demand for the amino acids, in the long run. Between diverse category of amino acids, valine and lysine are increasing major traction, amid end-users.

Livestock Insight

In 2019, the poultry sector held the major, 49.6% revenue share of the amino acids market and is estimated to observe the highest expansion, during the forecast period. The poultry sector comprises boilers, duck, turkey, and chicken.

Increasing demand for the boiler and chicken meat in the nations, like Mexico, the U.S., and Russia, is estimated to steer the market for poultry feed, giving augmentation to the greater utilization of feeds additives, together with amino acids, like arginine and lysine.

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Application Insight

The food & dietary supplements sector held the principal, 59.4% revenue share of the amino acids market, in 2019 and are expected to retain its leadership, during the forecast period. Amino acids are utilized in the food processing business like nourishment and taste enhancers and the preservatives.

The animal feed sector is anticipated to observe the highest growth, during the forecast period. Amino acids are utilized like additives in the formulation of animal feed, to complete the necessity of protein, encourage development operation and reproduction, in animals.

Histidine and tryptophan are utilized in the function of preservatives in milk powder. Cystine is utilized in a number of beverages for example fruit juices like a preservative. Aspartic and phenylalanine acid are consumed in mixture, to increase aspartame. It is achieving fame like a replacement for the sugar in a number of formulations done for the soft drink.

Product Insight

L-glutamate held the biggest 50.6% revenue share of the amino acids market, in 2019. It is expected to preserve its advantage, during the forecast period. L-glutamate is moreover called as l-glutamic acid. It is a non important amino acid. It is widely utilized like a midway for the production of organic chemicals, taste enhancer, feed additive, and dietetic addition.

Since, it is an important amino acid; Lysine has observed notable augmentation, during the current history. Because the body of a person is not able to produce such acid, its requirement is reasonably aggravated by the enlargement of the market for nutritional add-ons. On top of human utilization, the product has achieved recognition like an animal feed preservative.

Source Insight

The plant-based source sector held 85.5% revenue share of the amino acids market, in 2019. It is anticipated to observe the highest development, during the forecast period due to the increasing inclination of the customers for naturally sourced products. The plant sources comprise peas, wheat, soybean, corn, and potato.

Increasing alertness of the consumers, about organic and natural products, is likely to propel the global ingestion and manufacture of plant-based amino acids. Animals are the main sources for the removal of amino acids. Animal meat comprises chicken, pork, and beef, together with additional by-products like placenta of fish, gut, muscle, and blood.

Regional Insight

In 2019, Asia Pacific held the 50.74% volume share and led the global amino acids market. In the conditions of revenue, the state is projected to observe the highest development, during the forecast period. This can be credited to growth of the end-use manufacturing like cosmetics, pharmaceutical, nutraceuticals, and personal care, augmented expenditure by the consumers, and rising acceptance of fit everyday life.