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The newly published report by Future Market Insights which offers insights on the global rosemary extract market. The market is likely to reach to US$ 1,063.2 Mn by 2027 end, expanding at the CAGR of 4.8 % during the assessed period of 10 years.

Following Factors to Contribute to the Growth of the Global Rosemary Extract Market

• Increasing consumer inclination towards aromatherapy and preservatives boost the global rosemary market
• Trending demand of herbal extract in European nutraceutical market contribute in the development in the global rosemary market

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• Growing personal care industry and increasing consumer awareness for rosemary
• Growing demand for rosemary for pet food
• Most importantly essential oil made of herb like rosemary and other spice extracts are used in cancer therapy that drives the global rosemary extract market
• Advanced commercialization of herbs and spices by government create positive impact on the global rosemary extract market

Global Rosemary Extract Market- Forecast by Form

Based on form, the segment is divided into powder, liquid and others. The powder form is expected to account for the largest share owing to its longer shelf life. By 2027 end, powder segment is expected to account for 48.6% value share, and to be valued at US$ 516.3 Mn by the end of 2027. On the other hand liquid segment is expected to account for 46.7% market share, and to be valued at US$ 496.9 Mn by 2027 end.

Global Rosemary Extract Market- Forecast by Sales Channel

Based on sales channel, the segment is fragmented into two categories, i.e. direct sales and indirect sales. Direct sales to account for the largest share as the ingredient is used by the manufacturers for further processing such as personal care products, beverages, food and many more. Direct Sales segment is expected to remain dominant in the global rosemary extract market throughout the forecast period with a revenue share of 54.7 % by 2027. By 2027 end, indirect sales is expected to account for 45.3% value share, and to be valued at US$ 481.9 Mn.

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Global Rosemary Extract Market- Forecast by Application

Application segment include food and beverages, personal care, nutraceutical, pharmaceutical and others. Pharmaceuticals and personal care are two major segments and the market witnesses an exponential growth for these segments over the forecast period. By 2027 end, personal care segment is expected to account for 25.9% value share, and to be valued at US$ 275.3 Mn.

Global Rosemary Extract Market- Forecast by Region

North America and APEJ are estimated to emerge as the most lucrative markets over the forecast period 2016-2027. The U.S. has already started the agricultural cultivation of Rosemary in the Southwest region. With easy trade flows and investment opportunities APEJ region represents potential segment for the growth of the market. Mediterranean countries, including Turkey, Spain, and Morocco are rapidly growing, expected to become commercial production hubs for Rosemary extracts in the global market.

Europe is the supply base, led by Spain and France in terms of supply and export, and production and consumption respectively.

Global Rosemary Extract Market- Key Companies

The key players operating in the global rosemary extract market are- Givaudan SA, Kerry Group Plc., Takasago International Corporation, Dohler GmbH Sensient Technologies Corporation, Archer Daniels Midland Company, Ajinomoto Co., Inc., Symrise AG, Firmenich S A, Naturex SA, Kalsec Inc., Olam International, Foodchem International Corporation, McCormick and Company, Inc, Frutarom Industries Ltd., Robertet SA, Synthite Industries Ltd., International Taste Solutions Ltd, Organic Herb Inc., British Pepper and spice Company.

Sales Channel

• Direct Sales
• Indirect Sales
  • Modern Trade
  • Specialty Stores
  • Online Retailers
  • Others

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Form

• Liquid
• Powder
• Others

Application

• Food
  • Sauces, Dressings and Condiments
  • Bakery and Confectionery
    • Breads
    • Biscuits
    • Cakes and Pastries
    • Others
    • Dairy Products
    • Others
• Beverages
  • RTD Tea
  • Specialty Drinks
  • Others
• Personal Care
  • Skin Care
  • Hair Care
  • Perfume and Fragrances
  • Aromatherapy
  • Others
• Nutraceutical
• Pharmaceutical
• Others

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 5-years.

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The global market baobab powder is anticipated to witness robust growth during the assessment period. Future Market Insights studies the factors driving the popularity and adoption of baobab powder across the globe. Consumers today are becoming aware about the benefits of baobab powder, which in turn is surging the demand for baobab powder based products such as cereals and bars.

Due to the fact that baobab powder has numerous skin benefits, it is used as an ingredient in various anti-ageing creams and helps protect the skin against high or low temperatures, rejuvenates the skin cells, moisturizes the skin and prevents damage from free radicals. Also, as baobab powder is a rich source of calcium and potassium, it is also found in products such as cereals, bars and jellies. Owing to its wide ranging beneficial properties, the consumption of baobab powder is growing across the globe.

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Segmental forecast of the global baobab powder market

The global baobab powder is segmented on the basis of product type (organic baobab powder, conventional baobab powder), end use (industrial, retail), sales channel (direct sales, indirect sales) and region.

Forecast by Product Type: Organic baobab powder segment is expected to register the highest CAGR during the forecast period. The organic baobab powder segment is estimated to be valued at US$ 8,544.2 Mn by 2027 end and is expected to expand at a CAGR of 6.5% over the forecast period.

Forecast by End Use: The retail segment is estimated to account for the highest value share of 65.2% in 2017 and is projected to reach a market valuation of US$ 6,545.1 Mn by 2027 end, registering a CAGR of 6.3% over the forecast period.

Forecast by Sales Channel: The indirect segment is estimated to account for the highest value share of 75.4% in 2017. This segment is estimated to be valued at US$ 7,602.1 Mn by 2027 end and is expected to expand at a CAGR of 6.3% over the forecast period.

Forecast by Region: North America followed by Western Europe will be the leading markets in the global baobab powder market with an anticipated value share of about 30% and 25% respectively by the end of 2027. North America will witness the highest regional CAGR of 6.8% during the forecast period.

Competitive Landscape

The report profiles some of the top companies operating in the global baobab powder market including:

• EcoProducts
• Baobab Fruit Company Senegal
• B’Ayoba (Pvt) Ltd
• Organic Africa, Aduna Limited
• Etude House
• Woodland Foods
• Powbab Inc
• ATACORA
• Halka B. Organics
• Indigo Herbs LTD and Organic Burst UK Ltd.

Companies are focussing on addressing customer centric product demand by expanding their product portfolio and introducing a variety of products in the global market. Suppliers are entering into long-term contracts with baobab products manufacturers to avoid increase in product prices, and baobab manufacturers are also benefitting from these long-term contracts with suppliers as it helps them sustain their operations.

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Global Baobab Powder Market Forecast 2017-2027

Future Market Insights predicts the global baobab market to be valued at about US$ 5,483 Mn by the end of 2017 and will continue to grow at a CAGR of 6.2% during the period of study to reach a market valuation of about US$ 10,004 Mn by the end of the forecast period.

Competitive Landscape

The report profiles some of the top companies operating in the global baobab powder market including:

• EcoProducts
• Baobab Fruit Company Senegal
• B’Ayoba (Pvt) Ltd
• Organic Africa, Aduna Limited
• Etude House
• Woodland Foods
• Powbab Inc
• ATACORA
• Halka B. Organics
• Indigo Herbs LTD and Organic Burst UK Ltd.
  Companies are focussing on addressing customer centric product demand by expanding their product portfolio and introducing a variety of products in the global market. Suppliers are entering into long-term contracts with baobab products manufacturers to avoid increase in product prices, and baobab manufacturers are also benefitting from these long-term contracts with suppliers as it helps them sustain their operations.

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 5-years.

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A US$ 50 Bn market, the global aquafeed market has been largely concentrated in the APEJ region for over two decades, owing to a large supply of fresh water in the region and a thriving aquaculture market. While North America will continue to witness significant growth during the forecast period, the MEA market is slated to display great potential in the coming years, owing to a cheap labour force and a large production of the fish tilapia in Egypt.

In terms of volume, the APEJ regional market is estimated to be pegged at 21.5 million metric tonnes in 2017 and this is aexpected to reach almost 40 million metric tonnes by the end of 2027, registering a CAGR of 6.3% in terms of volume. North America will witness a CAGR of 5.6% in terms of volume during the decadal study 2017 – 2027.

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Segmental forecast of the global aquafeed market

The global aquafeed market is segmented on the basis of species (Crustaceans, Fishes, Others); form (Extruded, Powder, Liquid, Pellets); function (Health, Digestibility, Palatability, Special Nutrition); ingredients (Marine, Land Animal, Veg/Grain, Carotenoid, Nutrients, Others); and sales channel (Direct Sales, Indirect Sales, Hyper/Supermarket, Wholesalers, Speciality Stores, Online, Other Retail Formats).

• The Extruded form type will likely dominate the global aquafeed market in terms of market share – from an estimated 45% value share in 2017 to slightly over 50% by the end of 2027, the segment will record an impressive increase of about 492 basis points in market share. Pellets is likely to hold the second position by form in the global market.
• Fishes segment by species will remain dominant through 2027 with about 50% market share estimated to be held in 2017 and remaining consistent throughout the forecast period. This segment will also record the highest CAGR.
• Vegetable/Grains ingredients segment is expected to show tremendous growth over the forecast period. This segment is poised to witness a growth rate of 6.6% during the forecast period.
• By function, the Digestibility segment will hold high market value share throughout the forecast period – over 30% share of the global market by the end of the forecast period, with an increase of about 138 basis points over the 2017 value share. This segment will register a CAGR of 6.4% in terms of value followed by the Health segment at 6.3% CAGR.
• Direct Sales will remain the favourite segment by sales channel and will hold over 60% of the market share throughout the forecast period. This segment is anticipated to be valued at over US$ 30 Bn in 2017.

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Global Aquafeed Market Forecast 2017 – 2027

The new report by Future Market Insights titled “Aquafeed Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” forecasts the global aquafeed market to be valued at about US$ 50 Bn by the end of 2017 and will continue to grow at a CAGR of 5.9% during the period of study to reach a market valuation of about US$ 86 Bn by the end of the forecast period.

Competitive landscape

The report profiles some of the top companies operating in the global aquafeed market including Cargill Inc., Koninklijke DSM N.V., BENEO GmbH, Sonac B.V, ADM, Novus International, Biomin Holding GmbH, Nutriad NV, Alltech Inc., Norel SA, Cermaq, Skretting, Aller Aqua A/S, Clextral, Dibaq, Biomar, Zeigler Bros., Inc., Ridley Corporation Limited, Nutreco N.V., and INVE Aquaculture Inc. Major aquafeed manufacturers in developed and emerging economies are focussing on functional features enhancement in their aquafeed using ingredients that focus on digestibility factors.

For ease of reader convenience, we have segmented the global aquafeed market into the following categories.

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By Species

• Crustaceans
• Fish
• Others

By Form

• Extruded
• Powder
• Liquid
• Pellets

By Function

• Health
• Digestion
• Palatability
• Special Nutrition

By Ingredients

• Marine
• Land Animal
• Veg/Grain
• Carotenoid
• Nutrients
• Others

By Sales Channel

• Direct Sales
• Indirect Sales
• Hypermarket
• Supermarket
• Wholesalers
• Speciality Stores
• Online
• Other Retail Formats

By Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific Excluding Japan
• Japan
• Middle East and Africa

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 5-years.

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Micronized salt market size was estimated at USD 2,671.4 Mn in 2022 and expected to reach USD 3,804.8 Mn in 2032, at a CAGR 3.6%.

Micronized salt’s growing appeal in the processed food industry is due to its consistency and purity. Micronized salt, regarded as an ideal taste enhancer, enhances the shelf life of vegetables and meat in addition to processed foods. The widespread usage of micronized salt in end-use applications such milk and dairy products, bakery and confectionery products, and drinks is likely to propel the worldwide micronized salt market to stable growth.

In a new publication, Future Market Insights (FMI) projects that in terms of value, the global micronized salt market revenue will expand at a CAGR of 3.6% during the forecast period. In terms of revenue, the global micronized salt market accounted for US$ 2,319.0 Mn in 2022 and is anticipated to increase to reach US$ 3,305.8 Mn by 2032. A detailed competition assessment and revenue forecasts for a period of 10 years from 2022 to 2032 are elaborated with respect to each segment and sub-segment of the global micronized salt market.

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The micronized salt market is segmented based on grade and application. By grade, the micronized salt market is segmented into purity 98% – 99.5% and purity above 99.5%. Among both of these segments, purity above 99.5% is expected to dominate in the global micronized salt market both in terms of value and volume during the forecast period. By application, the micronized salt market is segmented into bakery & confectionery products, meat, poultry & seafood, milk & dairy products, beverages, canned/preserved fruits & vegetables, prepared meals and others. Among all these segments, bakery & confectionery products is expected to account for the largest value share followed by the meat, poultry & seafood segment by 2028 end.

Key Segments Covered

By Grade:

• Purity 98% – 99.5%
• Purity Above 99.5%

By Application:

• Bakery & Confectionery Products
• Meat, Poultry & Sea Foods
• Milk & Dairy Products
• Beverages
• Canned/Preserved Fruits & Vegetables
• Prepared Meals
• Other Applications

Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa-MEA

However, the advent of salt substitutes, high costs of micronized salt, and abundance of alternatives such as high purity solar salt are posing challenges to the growth of the global micronized salt market.

Detailed profiles of some of the companies operating in the micronized salt market are included in the scope of the micronized salt market report to evaluate their long-term and short-term strategies, key offerings and recent developments in the micronized salt market.

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Micronized salt manufacturers include:

• K+S Aktiengesellschaft
• Ciech S.A.
• Tata Chemicals Ltd.
• AkzoNobel N.V.
• INEOS Group Limited, Dominion Salt Limited
• AB Hanson & Mohring
• Cerebos Ltd
• Kensalt Ltd.
• Cheetham Salt Limited
• ACI Limited
• WA Salt Group
• Cerebos Ltd, Infosa
• Nirma Limited
• Zoutman NV
• BGR International Ltd.
• China Salt Jintan Co. Ltd.

Key Questions Answered by the Report

What is the size of the micronized salt market?

The micronized salt market is expected to hit a US$ 3.3 billion value by 2032. The growth rate for the micronized salt market is estimated at 3.6% CAGR between 2022 and 2032.

Which are the largest markets for micronized salt?

North America and Western Europe remain the dominant markets for micronized salts. Expansion of food and beverage processing activities in these regions are major influencers.

Which are the top companies in micronized salt market?

Suedwestdeutsche Salzwerke AG, K+S Aktiengesellschaft, Australian Saltworks, Ciech S.A., China Salt Jintan Co., Ltd., and Tata Chemicals Ltd. are among the leading market players in the global micronized salts market.

What are the uses of micronized salt?

Micronized salts are primarily used as a preservative and flavouring agent in the food and beverage industry, for longer shelf life, supported by high consistency and purity.

In which grades are micronized salt available?

Manufacturers produce micronized salts in two forms – 98 to 99.5% purity and above 99.5% purity. The demand and production of above 99.5% purity micronized salts is greater, aided by applications in processed food and beverage formulations.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The growing demand for organic goods in both developed and developing countries has a big influence on the global banana flakes market. As people become even more increasingly health – conscious across the world, there is a growing desire for healthier foods.

According to a recent report by Future Market Insights, a market research and competitive intelligence provider, sales of Banana Flakes are estimated to reach a value of USD 810 million by 2032, surging at 4.6% CAGR through the decade.

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Organic food consumption is becoming more popular throughout the world, with people becoming more interested in organic production practices. Growing market for gluten-free, organic, and nutritious products is anticipated to raise the demand for banana flakes over the next decade.

The growth of fast service local restaurants outlets in emerging countries including the Middle East and Africa, as well as Asia and the Pacific, has resulted in a favourable shift in demand for banana flakes as a healthy fast food alternative.

This trend is expected to continue and extend throughout developed regions in the coming years. Despite the fact that conventional is the more popular source in terms of units eaten, the organic category is projected to grow at the rapid pace in terms of revenue throughout the forecast period.

Key Takeaways from Market Study

• Banana flake consumption in India is predicted to expand at an annual pace of over 8%.
• With a growth expected to surpass 6%, Germany is one of the most important countries in the European Snack Pellets market.
• During the forecast period of 2022-2032, the organic category is predicted to develop at the fastest rate in terms of value, with a CAGR of 6.5 percent.
• As banana flakes are gluten-free, their popularity is predicted to grow as a result of their health benefits.
• Market players are experimenting with new ways on increasing production capacity and also doing research and innovation to create products.

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“The growing focus on the consumption of organic food products in developed regions such as Europe and North America is likely to open lucrative opportunity for market players in the long run”, –says a lead analyst at Future Market Insights.

Competitive Landscape

Banana flakes have a strongly competitive global market. To stay ahead of the game and outperform their competitors, businesses are using innovative methods such as expanding their worldwide client base and utilising various advertising approaches.

They’re focusing on increasing production capacity and also doing research and innovation to create products that highlight the nutritional advantages of banana flakes.

Some of the leading companies offering Snack Pellets are Orkla Group, Raeler Fruchtchips GmbH, Om Foods Inc, Van Duren Farms,  Johs. Thoms GmbH & Co. KG, Tradal Brazil, Z Natural Foods,   Symrise, Seawind International LLC, VINJ-Food,Dermasal.,  Nutritional Designs, Inc., Futurcorp S.A., Cosmo Foods, Agro America, and Grupo Industrial Michel.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the banana flakes presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

Source:

• Organic
• Conventional

Application:

• Household
• Food & Beverage Industry
• Other Application

Sales Channel:

• Direct Sales
• Indirect Sales

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Region:

• North America
• Latin America
• Europe
• Japan
• Asia Pacific Except Japan-APEJ
• Middle East and Africa-MEA

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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As per the report by Future Market Insights (FMI), the global cultures market is expected to witness moderate growth, registering a CAGR of 4.1% during the forecast period 2016-2026. By the end of 2026, the global Cultures Market generated sales of nearly USD 1.3 billion in 2022.

Advanced technologies are used by companies for the production of microbial food cultures under strict controlled conditions. Governments of various countries have also introduced regulations based on the characteristics and use of the microbial food cultures. The freeze-dried microbial food culture is also gaining traction in the global cultures market.

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Freeze-drying produces superior quality culture by providing long-term storage and also helps in retaining the intact structure of the food cultures. This also helps in supply-chain of food products as it increases shelf-life of the product.

A substantial increase in the food-borne diseases worldwide is driving the demand for microbial food cultures. Microbial food cultures such as fungi, bacteria, and mould are largely used by food processing companies. They help in preserving food, remove toxic compounds, thereby ensuring food safety. The organisms used in food cultures also offer health benefits to fermented food products.

Also, with the increasing population of health conscious customers, the demand for probiotic and functional food is also increasing. Moreover, increasing demand for antibiotics to fight various microbial infections is fueling the growth of the global cultures market.

Key Highlights in The Global Cultures Market

The global cultures market is segmented on the basis of application, product type, and region. The product type is further segmented into starter, adjunct, probiotic, and other product types. Among the give product types, a starter is expected to see the highest growth during the forecast period. The starter segment is estimated to bring in more than US$ 455,900 million revenues by the end of 2026.

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Based on the application, the global cultures market is segmented into beverages, Sauces, dressings, and condiments, bakery & confectionery, dried processed food, sweet & savoury snacks, frozen and chilled processed food, and other applications. Among these, bakery & confectionery segment is expected to be the fastest growing segment in terms of the application during the forecast period 2017-2026. By the end of 2026, bakery & confectionery is estimated to surpass US$ 366,600 million revenue.

Geographically, the global cultures market is segmented into Japan, Europe, Latin America, Asia Pacific Excluding Japan (APEJ), the Middle East and Africa (MEA), and North America. Europe is expected to witness significant growth during the forecast period. Germany, France, Russia, and the U.K., are anticipated to witness the highest growth in the region.

Increasing demand for fermented and probiotic foods, the resulting in the use of microbial food cultures to preserve the food for a long time. Availability of advanced technology and infrastructure is also helping in the research and development of food cultures.

Competition Tracking

Some of the key companies in the global cultures market include Cargill, Chr. Hansen, DuPont, Royal DSM, Tate & Lyle, Kerry Group, Ashland Inc, Ingredion, Naturex, KF Specialty Ingredients, and Evonik.

Key Market Segments

Region-wise the market is segmented into Japan, Asia Pacific Excluding Japan (APEJ), Latin America, the Middle East and Africa (MEA), North America, and Europe.

Region:

• North America
• Latin America
• Europe
• Japan
• APEJ
• MEA

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Product Type:

• Starter
• Adjunct
• Probiotic
• Other types

Application:

• Beverages
• Sauces, dressings, and condiments
• Bakery & Confectionery
• Dried Processed Food
• Sweet & Savoury Snacks
• Frozen and Chilled processed food
• Other Applications

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The global guar gum market is likely to surpass US$ 1.3 Bn in revenues by the end of 2026, according to a new research report by Future Market Insights (FMI). The report projects the market to grow at a CAGR of 2.8% during the forecast period 2017-2026, with steady demand from end users in Asia Pacific excluding Japan (APEJ) likely to provide growth opportunities to stakeholders in the market. Applications in food and beverage industry are likely to create steady demand during the assessment period.

To offer readers detailed insights on the guar gum market, the report has segmented the market on the basis of product type, end use industry, and primary function. In addition to this, the report also offers region-wise analysis and segmentation, offering readers detailed analysis on the lucrative and sluggish markets.

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On the basis of product type, the key segments include food grade, fast hydrated gum oil drilling grade, and industrial grade. By end use industry, the market has been segmented into food and beverages, fracking, textiles, pharmaceuticals, and other end-use industries. On the basis of primary function, the key segments include thickener and stabilizer, binding agent, and other functional properties.

Among the product types, the fast hydrated gum oil drilling grade segment will continue to remain attractive during the assessment period. This segment currently accounts for nearly 70% revenue share of the market, and is likely to remain lucrative throughout the forecast period. The fast hydrated gum oil drilling grade is likely to surpass US$ 800 Mn in revenues by the end of the forecast period.

Demand for guar gum is likely to remain robust in the fracking segment. Currently, fracking accounts for over two-third revenue share of the market, and it is highly likely that the dominance of this segment will continue beyond 2017. This segment is projected to grow at a CAGR of 2.4% to reach a valuation of over US$ 800 Mn by the end of the forecast period.

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The use of guar gum has been witnessing an increase owing to its growing application in the oil & gas industry. However, as the oil and gas industry is going through a sluggish phase, the demand for guar gum has declined to an extent. Some of the sluggishness on account of oil & gas is likely to be compensated by growing demand in the food and beverage industry. Guar gums find wide-ranging applications in the food & beverage industry, where it is used as a thickener and stabilizer.

Steady demand from the food and beverage industry is likely to provide an impetus to the growth of the guar gum market during the assessment period. Growth is likely to remain steady from the textile and paper sector, however, availability of other feasible alternatives can stymie demand to an extent.

Although still at a nascent stage, demand for guar gum in managing health disorders such as diabetes and cardiac elements presents an opportunity for manufacturers. Further advancement in the application of guar gum in the healthcare sector can open up new avenues of growth for guar gum manufacturers during the assessment period. Some of the leading players in the market include Lucid Group, Jai Bharat Gum, Hindustan Gums, Vikas WSP, Shree Ram Gum, Cargill Inc, Supreme Gums Pvt. Ltd, Ashland Inc., India Glycols Ltd, Rama industries and Lamberti.

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Region

• North America
• Latin America
• Europe
• Japan
• APEJ
• MEA

Product Type

• Food Grade
• Fast Hydrated Gum Oil Drilling Grade
• Industrial Grade

End Use Industry

• Food and Beverages
• Fracking
• Textiles
• Pharmaceuticals
• Other End Use Industries

Primary Function

• Thickener and Stabilizer
• Binding Agent
• Other Functional Properties

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 4-years.

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Phytogenic improve the aroma and taste of feed, which in turn increase feed intake and accelerate digestion activity in livestock. Adoption of feed phytogenic has led toward improvement in livestock development and growth. Growing demand for animal products including eggs, dairy, & meat has pressurized the livestock farmers in improving productivity of livestock. However, rise in cost of feed has added to the dilemma of productivity optimization for farmers, while demanding for minimal expenses.

Rising Commercialization in Livestock Sector Propelling Demand for Feed Phytogenic

On account of the aforementioned factors, feed phytogenic have emerged as the best available option for minimizing feed expanses of dairy farm, by making improvements in feed conversion ratio and feed digestion. The livestock sector has witnessed a tremendous rise in commercialization since the recent past, which in turn has propelled the demand for feed phytogenic among livestock producers worldwide.

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Future Market Insights (FMI), in its recently published research report, has projected the global feed phytogenic market to ride on an impressive CAGR over the forecast period, 2017 to 2026. Nearly US$ 2,500 Mn revenues are estimated to be accounted by global sales of feed phytogenic by 2026-end.

Key Research Findings from FMI’s Report on Global Feed Phytogenic Market

• Dominance of essential oils among products will remain unchallenged in the market. Sales of oleoresins will reflect the fastest expansion through 2026.
• Feed phytogenic sales for poultry will ride on the highest CAGR through 2026, based on livestock. Between swine and aquatic animals, the former will account for larger revenue share of the market, while feed phytogenic sales for the latter will register a relatively higher CAGR during the forecast period.
• Palatability enhancers will remain the largest function of feed phytogenic, followed by performance enhancers. These two functions of feed phytogenic will account for over 80% revenue share of the market during 2017 to 2026.

Increasing Emphasis on Feeding Livestock with Feed Additives Based on Natural Sources to Fuel Demand for Feed Phytogenic

Consumers across the globe are becoming more concerned about the food quality, owing to increasing occurrences of Salmonella and E. coli in meat and dairy products. Consumers are therefore shifting their preference toward processed meat and products, as these are manufactured under hygienic conditions.

This has further led toward an increasing emphasis on feeding livestock animals with feed additives based on natural sources, thereby driving demand for feed phytogenic. Government organizations and manufacturers are making significant investments in research & development activities associated with feed phytogenic. However high cost of feed phytogenic, owing to stringent regulations imposed on product approvals, might act as a restraining factor for adoption of feed phytogenic in the near future.

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Consumer health concerns regarding natural and healthy diet, particularly in meat & dairy products, has witnessed a rise in European countries. In addition, the European Union (EU) has banned adoption of in-feed antibiotics for livestock production.

These factors have led to substantial demand for natural source-based meat & dairy products in the region, thereby resulting into increased demand for feed phytogenic. Europe is anticipated to remain the most lucrative market for feed phytogenic, followed by Europe. Asia-Pacific excluding Japan will also remain a lucrative region for growth of the feed phytogenic market.

Leading Players are boosting their Operational & Technological Capabilities for Staying at Market’s Forefront

Through strategies such as acquisitions, expansions, research agreements, and new product developments, companies producing feed phytogenic have been focusing on expansion of their presence across the globe. Leading players in the global feed phytogenic market are now boosting their operational and technological capabilities for staying at the forefront of the market.

Potential opportunities exist for manufacturers of feed phytogenics across developing regions. Market players identified by FMI’s report include Igusol, Nutricare Life Sciences Ltd., Nor-Feed Sud, Natural Remedies Pvt. Ltd., Phytosynthese, A&A Pharmachem Inc., Pancosma SA, Phytobiotics Futterzusatzstoffe GmbH, Dostofarm GmbH, Biomin Holding GmbH, Kemin Industries, Inc., E. I. Du Pont De Nemours and Company, and Cargill Incorporated.

Market Taxonomy

Region

• North America
• Latin America
• Europe
• Japan
• APEJ
• MEA

Product Type

• Essential Oils
• Herbs & Spices
• Oleoresins
• Others Product Type

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Livestock

• Poultry
• Ruminants
• Swine
• Aquatic Animals
• Other Livestock Animals

Function

• Performance Enhancers
• Palatability Enhancers
• Other Functions

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 4-years.

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Growing prevalence of celiac disease and obesity has led to an upsurge in demand for lipase globally. In addition, surge in demand for production of detergents will continue to impact the global market growth of lipase. Future Market Insights states that the global market of lipase is projected to reflect a CAGR of 7.8% over the forecast period, 2017-2026.

Factors Fuelling Growth of the Global Market

Growth of the global lipase market is mainly bound to various micro-economic and macro-economic factors. Surge in consumption of the food products that are rich in carbohydrate and fatty food items has led to surge in health diseases such as abdominal discomfort, indigestion and bloating. In order to inhibit prevalence of these health diseases has led to surge in demand for lipase in the global market.

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In addition, increasing prevalence of high triglyceride, obesity and cholesterol will continue to impact the global market growth of lipase positively. World Health Organization in its recent report stated that 39% of adults aged 18 years and above reported overweight in 2016 whereas 13% were obese. As lipase breaks the fats into fatty acid and glycerol, possibilities of weight gains and obesity is reduced. The global market of lipase is projected to gain momentum bound to such factors during the forecast period.

Attributed to various industrial and health benefits, lipase continues to witness significant demand in various industries such as food industry, detergent industry and dairy industry. As application of lipase enhances the shelf life, texture and flavor of the food products, manufacturers are increasing using lipase during the food production process.

In addition, increasing demand for hydrolyzing milk fat for the production of various dairy items will continue to rev up sales of lipase in the global market. Lipase continues to find application in coffee whiteners and cheese dairy products. Increasing application of lipase in coffee whitener offers creamy flavor and buttery texture in the toffees and caramel. Such factors are likely to impact the global market growth of lipase significantly throughout 2026.

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Besides application in the dairy industry, lipase continues to witness robust demand in the detergent industry. Surge in need to remove the fatty residues and cleaning clogged drains has led to a surge in demand for lipase during the production of house cleaning products.

Attributed to features that help in eradicating the fatty residue, manufacturers in the detergent industry are mainly looking for range of lipases including proteases and amylases. Application of these lipases will enable the manufacturers to offer cleaning products with improved efficiency. Further, the detergent industry, which is controlled by the European Commission continues to represent a leading end use sector for enzyme consumption.

Increasing apprehensions related to the persisting contamination of the detergent chemicals in the ground water and environment along with various other health issues has raised speculations about the biodegradability of the product. Such factors continue to encourage application of the enzymes along with the surge in demand for the green cleaning detergents.

Sales to Remain High in the Food Industry

Rapid advancements in the emerging enzyme technology has led to surge in demand for microbial lipase globally. By source type, the microbial source segment is projected to represent a significant growth in terms of revenue, representing more than US$ 300 Mn by 2026-end. On the contrary, the animal source type segment is projected to reflect the highest CAGR through 2026.

On the basis of application, the food segment is projected to generate highest revenues, accounting for less than US$ 100 Mn by 2017-end. However, the animal feed application segment is projected to reflect a robust CAGR during the forecast period. Based on forms, the liquid segment is projected to represent a robust revenue growth, representing more than US$ 200 Mn by 2026-end. On the other hand, the powder form segment is projected to witness the fastest growth in the global market of lipase throughout 2026.

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Market Players

Major players in the global market of lipase are:

• Koninklijke DSM N.V.
• Novozymes A/S
• Amano Enzymes Inc.
• Hansen Holdings A/S
• E. I. Du Pont De Nemours and Company
• Associated British Foods PLC
• Clerici-Sacco Group, Advanced Enzymes
• Enzyme Development Corporation and Renco New Zealand.

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 4-years.

Contact Us:
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