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Accounting for over 60% of the total production costs, animal feed remains one of the highest investment areas in animal farming sector. A new market research study of Future Market Insights (FMI) says that as feed enzymes are witnessing growing acceptance over antibiotics within the feed industry, the global market for feed enzymes will showcase a healthy growth outlook over the period of forecast (2022 – 2032). The market value is set to exceed US$ 955 Mn by 2022 end.

Manufacturers are introducing advanced feed enzymes to cut down on expenses and improve feed-stuff utilization. This would remain another strong factor assisting the growth of feed enzymes market in the near future.

Key Takeaways – Feed Enzymes Market Study

• The feed enzymes market will be prominently driven by high demand for carbohydrase-based feed enzymes in the foreseeable future. However, protease-based feed enzymes are set to witness maximum growth opportunities.
  • In 2016, Kemin Industries, Inc. introduced a unique solution of carbohydrases named KEMZYME, to enhance the use of complex feed matrix.
  • In 2017, DuPont Industrial Biosciences, launched DuPont Axtra PRO, a single protease feed enzyme in Latin America. Axtra PRO aims at improving protein digestibility in animal and saves producers cost without compromising on performance or animal health.
• The most commonly used feed enzymes in the poultry industry are phytase and carbohydrase, as they target phytic acid complexes in plant ingredients and remove the viscous fiber in cereals.
• Feed enzymes are gaining significant traction in poultry, as they help in effective utilization of raw materials and reduce feed cost. Besides, the demand will be higher for aquatic animals, attributing to increasing fisheries and farming practices, and rising awareness concerning sustainable and responsible fish farming.
• Recent introductions in the feed enzymes market are based on maize-soy complexes.

Players operating in the feed enzymes market must focus on the development of species-specific feed enzymes benefiting animals at all life-stages and reducing risk of diseases. Manufacturers may benefit from introducing cost-effective products in emerging economies, which are primarily agrarian.

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Demand for Sustainability to Create Lucrative Opportunities for Manufacturers of Feed Enzymes

Key players operating in the feed enzymes market strive to deliver high quality additives and ingredients for animal feed to ensure healthier animals with improved efficiency and productivity. Manufacturers are thus producing animal-specific enzymatic solutions to provide effective solutions.

• In 2019, BASF SE, launched Natuphos E, a next generation phytase for the feed industry in Indonesia. Natuphos E provides overall stability – in premix, and during the harsh pelleting process, in addition to an 18-month shelf life stability. With this new product launch, the company aims to improve nutrient utilisation in poultry. This new feed enzyme also reduces phosphorus emissions from livestock.
• In 2018, Archer-Daniels-Midland Co, expanded its specialty feed additives portfolio, which included fiber-degrading feed enzyme for use in swine and poultry diets. The company aims to improve the animal performance while minimizing cost.
• In 2018, DSM and Novozymes launched the world’s first feed enzyme to increase gut functionality for broiler chicken. This feed enzyme targets at faster feed intake in broilers, reducing the feed required, and aiding sustainable production.

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Know More About What the Report Covers

Feed Enzymes Market Segmentation

By Form:

• Dry
• Liquid

By Product:

• Phytase
• Carbohydrase
• Protease

By Animal:

• Poultry
• Ruminants
• Swine
• Aquatic Animals
• Others (Equine & Pets)

 

Comprehensive research on “Modified Soya Flour Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2026)” by Future Market Insights reveals several incisive insights on the global modified soya flour market. The trends that are expected to influence the growth of the global market, the drivers that have propelled the adoption of modified soya flour, the challenges that the global market faces along with opportunities that exist in the global market that the key players can avail is presented in this insightful research report. Moreover, the reader is benefited by the actionable intelligence provided in the research study with which several strategies can be executed and key decisions can be taken.

The research report on the global market for modified soya flour presents historical data, current data as well as an in depth analysis on future market projections for a period of nine years, from 2017 till 2026. This research study can assist the reader throughout the course of the assessment period (nine years) to gain strong hold in the market and competitive advantage in the coming years.

Modified Soya Flour Market size is projected to reach USD 85,859 million by 2032, growing at a CAGR of 3.2% over 2022-2032. Soy Flour is used in variety of food items and are used in various industrial products that contains more than 50% of protein.

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Key Insights On Global Modified Soya Flour Market

The global modified soya flour market is segmented on the basis of ingredients, application, sales channel and region.

• In the ingredients category, activated carbon is expected to be a largely used ingredient in modified soya flour. The activated carbon is expected to grow at a volume CAGR of 3.7% during the period of forecast to reach a high volume estimation by the end of the year of assessment. Moreover, the phosphorous chemicals ingredient segment is projected to reflect an increasing adoption across the globe and is expected to register a relative high volume CAGR throughout the period of assessment
• In the application category, modified soya flour is expected to witness increasing demand for extruded snacks. The extruded snacks application segment is expected to gain high steam in the coming years. This segment is projected to expand at a high volume CAGR throughout the period of assessment, and is expected to touch a significant volume estimation by end of 2026 thus making it a lucrative application area for modified soya flour. However, the bakery and confectionery segment is the largest with a higher market attractiveness and the sales volume of modified soya flour in bakery and confectionery is expected to increase in the coming years. The bakery and confectionery segment is anticipated to lead the global market in the years to follow
• By region, Asia Pacific excluding Japan (APEJ) is expected to showcase higher consumption of modified soya flour. The modified soya flour market in APEJ is projected to rise at a significant rate to register a high volume CAGR of 4.7% during the assessment period. With respect to growth rate, Middle East and Africa is poised to be the second fastest growing region with respect to consumption of modified soya flour
• By sales channel, direct sales are expected to largely contribute to the growing sales volume of modified soya flour across the globe. The direct sales segment is estimated to reflect a significant growth rate during the forecast period. The online stores segment is also anticipated to reflect high adoption for sales of modified soya flour. This segment is projected to grow at the fastest volume CAGR during the period of assessment

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Global Modified Soya Flour Market: Competitive Landscape

The research report on global market for modified soya flour has profiled several key players. Their detailed analysis with respect to product portfolio, company overview, recent developments and innovations, SWOT analysis and key financials has been included in this research report.

Key players such as Buhler, SunOpta Limited, Bunge Limited, Unicorn Grain Specialties, Ingredion Inc., The Caremoli Group, ITC Limited, Parrish and Heimbecker Ltd., ConAgra Foods, Inc., General Mills Inc., The Hain Celestial Group, Inc., Associated British Foods Plc., The Scoular Company, Archer Daniels Midland Company and Cargill Incorporated have been profiled in the report.

Increasing demand for binders and binding agents in production of specialty food products and industrial goods has driven the modification of flours and starches. In the recent past, leading flour producers in the world have shifted to modification techniques, introducing new product lines on modified flours. Specific nutritional requirements have further extended the need for modifying flours, and new techniques are being developed to make flour modification more efficient and economical.

While the demand for modified flours will gain flexible traction in the near future, their production will become relatively less complicated as opposed to the present scenario. However, high prices of modified flours will be observed as a key deterrent for the growth of the global modified flour market. In addition, the supply chain for modified flours is expected to become more entangled with changing policies on distribution and consumption of modified flours.

New regulations will distort the global modified flour manufacturing landscape, and products will be subjected to multiple approvals before being used for applications.

Future Market Insights observes that the global modified flour market will expand at a moderate pace during the forecast period, 2022-2032. Apropos the insights developed in the report, the global market for modified flour is assessed to expand at an estimated CAGR of 7.6% in terms of volume over the forecast period. The report further reveals that by the end of 2032, more than 1,130,000 tons of modified flours will be sold globally.

Global Modified Flour Production to Remain Concentered in the APEJ Region

The report reveals that by the end of 2032, more than 373,000 tons of modified flour will be produced in the Asia-Pacific excluding Japan (APEJ) region. Throughout the forecast period, the APEJ region will register highest production and sales of modified flours. Favorable industrial regulations, higher access to raw materials, and robust growth in the agricultural sector will drive the presence of APEJ countries such as China and India in the global production of modified flour. The report further reveals that Europe will represent the most lucrative consumer marketplace for modified flours. By the end of 2032, Europe will account for more than 25% share on the global modified flour market volumes.

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Key Findings from the Report

The report has delivering valuable insights on how the global modified flour market will expand through 2032.

• In 2022, more than half of modified flours sold in the global market have been made of wheat. Wheat flours will continue to remain top-selling products in the global modified flour market. Meanwhile, soy flour products are expected to register high demand, reflecting a volume CAGR of 4.4% over the forecast period.
• Bakery and confectionery will be the largest application of modified flour throughout the forecast period.
• By the end of 2032, direct sales are expected to account for more than 624,000 tons of modified flours. The report also observes a growing demand for modified flours among online stores.
• The report also estimates that activated carbons will be the key ingredients used in the modification of flours during the forecast period.

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Global Modified Flour Market: Key Players

Companies namely, Cargill Incorporated, The Scoular Company, Archer Daniels Midland Company, The Hain Celestial Group, Inc., Associated British Foods plc, ConAgra Foods, Inc., General Mills,Inc., ITC Limited, Parrish and Heimbecker Ltd., Ingredion Inc., The Caremoli Group, Bunge Limited, Unicorn Grain Specialties, Buhler, and SunOpta Limited are observed as the key stakeholders in the global modified flour market. These companies are expected to instrument the global modified flour production during the forecast period.

Segments Covered in Modified Flour Market Analysis

By Region :

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

By Product Type:

• Wheat Flour
• Maize Flour
• Rice Flour
• Soya Flour
• Others

By Application:

• Bakery & Confectionery
• Extruded Snacks
• Soups
• Packaged Food
• Other Application

By Ingredients:

• Activated Carbon
• Microcrystalline Cellulose (MCC)
• Methylcellulose
• Carboxy-methyl cellulose (CMC)
• Ethyl cellulose
• Phosphorus Chemicals
• Succinic Acid

By Sales Channel:

• Direct Sales
• Modern Trade
• Departmental Stores
• Convenience Stores
• Online Stores
• Other Sales Channel

According to a report published by Future Market Insights titled “Banana Flakes Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)”, the demand for banana flakes is likely to intensify over the coming years owing to the rising demand from new food outlets in developing regions as the expenditure power of consumers in those regions rise exponentially with every passing year. This factor will have a noteworthy impact on the sales of banana flakes across the developing regions as well as increase its revenue on a global basis.

Market Size Value in 2022	US$ 494.0 Million
Market Forecast Value in 2032	US$ 810.2 Million
Global Growth Rate (2022 to 2032)	4.6%
Forecast Period	2022-2032
Market Share of India in South Asia	~25%

Food manufacturers from across the globe are focusing on the usage of fruit products as consumers become more health conscious. Thus, this is leading to a substantial rise in the sales of banana flakes across the globe, especially among the health conscious consumers.

The expansion of quick service restaurants and food outlets across developing regions such as the Middle East and Africa and Asia Pacific has also led to a positive shift in the demand for banana flakes as a healthy alternate and option of fast foods.

The global banana flakes market is projected to exhibit a CAGR of 4.5% between 2017 and 2027. In 2016, the market was approximately worth US$ 600 Mn and is expected to rise to a valuation of around US$1 Bn by the end of 2027.

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Demand for Infant Nutrition Products to Bolster Revenue Growth Of Market

There are several sectors under the food and beverages industry that have a high demand for banana flakes, one of them being the infant nutrition sector. The infant nutrition sector is an incessantly evolving sector and the competition among the vendors in this particular sector is also rising at a substantial rate.

The growth of retail sales in this segment has further spurred the development of this industry, thus supplementing the demand of the food materials being used in this industry, one of them being banana flakes. Furthermore, banana flakes are highly used in the food industry in the production of breakfast cereals, thus triggering its demand globally.

Banana flakes are also considered significantly effective in controlling diarrhea and related diseases. According to a report by the World Health Organization, the second leading cause of the number of child deaths across the globe is diarrhea. In the last couple of years, banana flakes have been proven to be effective in controlling diarrhea after being fed to critically ill patients.

As a result of the benefits, pharmaceutical companies are initiating on the production of banana flakes based medicines, consequently triggering the sales of banana flakes.

Asia Pacific to Lead in the Coming Years

Asia Pacific is anticipated to grab a major chunk of the pie among all regions. The growing demand for infant nutrition products, especially in China and India is likely to play a pivotal role in the growth of the banana flakes market in the region.  The inclination of consumers on healthy breakfast and quick bites is also acting as a supplementing factor for the global banana flakes market.

However, factors such as the presence of an unorganized market for banana flakes in the region and the preference of banana flour over banana flakes are likely to act as roadblocks in the development trail of the banana flakes market in Asia Pacific.

Nevertheless, 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. Banana flakes market APAC is estimated to reach a value of around US$ 560 Mn by 2027 and is projected to grow at a value CAGR of 3.8% during the forecast period.

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Conventional Form to Be the Most Preferred Source for Banana Flakes

Based on source, the global banana flakes market has been bifurcated into organic and conventional. Between these two, the conventional form is anticipated to be the most preferred one owing to its inexpensive nature. The conventional source segment is expected to dominate the global market with a high market valuation and is expected to grow at a moderate rate during 2017-2027.

On the basis of application, the market has been segmented into household, food and beverages, and others. The application of banana flakes will be extensively high in the food and beverages industry mainly owing to its use in cereals and bakery goods. The household application segment is expected to grow at a relatively high CAGR.

On the basis of distribution channel, the market has been divided into direct and indirect channel with direct channel leading among the two.

Companies Striving to Stay Competitive with Channel Expansion as a Core Strategy

In order to stay ahead in the game and surpass their companies, the companies are adopting new strategies such as expansion of consumer base in the global level and adopting different promotional techniques. Some of the key market players are Bardakci Group, Diana Foods, Ingredient Inc., Van Drunen Farms, Orchard Valley Foods Limited, Z Natural LLC, Rabeler Fruchtchips GmbH, Johs.Thoms GmbH & Co. KG, P&G Food Industries, and Top Line Foods.

Source:

• Organic
• Conventional

Application:

• Household
• Food & Beverage Industry
• Other Application

Sales Channel:

• Direct Sales
• Indirect Sales

Region:

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

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Banana flour is a powdered ingredient generally made from green banana or plantains. It is often used as a gluten free ingredient and added in various baked goods. Flour has a moisture content of about 4%-6%. A new research report by Future Market Insights, highlights the current scenario of the banana powder market and its demand and consumption in various applications. The report is titled ‘Banana Flour Market: Global Industry Analysis (2022-2032and Opportunity Assessment (2022-2032)’, and presents a brief about every aspect of the global market. According to this comprehensive research report, the global banana flour market size was estimated at USD 494.0 million in 2021 and expected to reach USD 810 million in 2032, at a 4.6%.The betterment in the market scenario with increasing adoption of banana flour in bakery and other end uses, will encourage the manufacturers and key businesses to be more innovative.

Banana Flour Market Size Value in 2022	USD 580 million
Banana Flour Market Forecast Value in 2032	USD 865 million
Global Growth Rate (2022 to 2032)	4.2%
Forecast Period	2022-2032

Global Banana Flour Market: Dynamics

The global banana flour market’s growth is helped by the increase in production of green bananas or cooking bananas. Banana production has grown rapidly, registering a performance of +15 percent since 2008. Though dessert bananas account for 60% of the total production, the cooking banana sector has witnessed a steady growth in terms of production, indicating a rise in the demand for green bananas. There has also been a rise in the awareness about banana flour being a gluten free product.

There will be a rise in the demand for gluten-free products in countries like the U.K., Italy, U.S., Spain, Germany, Australia, Brazil, Canada, and India. In most of the countries, banana flour is being used as a gluten-free replacement for wheat flour. This rise in the consumption of gluten-free products helps drive the demand for banana flour.

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Global Banana Flour Market: Segmental Analysis

• On the basis of distribution channel, direct channel is expected to reflect higher contribution to the growth of the global market. The indirect channel segment is expected to register a relatively higher CAGR of 4.2% during the forecast period
• On the basis of application, food industry leads the market with high market value. Moreover, the pet food and feed industry segment is projected to grow at a significant rate throughout the period of assessment
• In terms of source, conventional segment has a much higher market size and is expected to lead the global market during the forecast period. But organic source is projected to grow at a faster pace in the years to follow
• Based on region, MEA is expected to dominate the market with an estimated market value of over US$ 300 Mn by the end of 2027. Whereas North America is expected to register the highest growth rate to register a value CAGR of 6.5% during the forecast period

Global Banana Flour Market: Competitive Landscape

The research report covers details about major players in the industry. It provides the readers with a brief profile of the key players. Some of the major companies mentioned in the report are Zuvii, NuNatural Inc., Diana Foods, NOW Health Group Inc., Paradisefrucht GmbH, Kanegrade Ltd, ADM Wild Europe GmbH & Co. KG, International Agriculture Group, Stawi Foods and Fruits Limited etc.

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About Food Market Division at FMI

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

According to the latest publication by Future Market Insights titled “Lactates Market: Global Industry Analysis (2017-2021) and Opportunity Assessment (2022-2032),” the North America regional market represents a relatively higher value share for beverages and dairy products, and a subsequent high usage of lactates as additives. The lactates market in this region is expected to witness steady growth in the coming decade.

Lactates Market Size Value in 2022	USD 653.1 Mn
Lactates Market Forecast Value in 2032	USD 1.1 Bn
Global Growth Rate (2022 to 2032)	3.7%
Forecast Period	2022-2032

According to the forecast presented in the report, the global lactates market is estimated to be valued at USD 653.1 million in 2022 and is projected to reach USD 1.1 billion by 2032, recording a CAGR of 3.7%, in terms of value. Growing demand for lactates as preservatives in bakery products and increasing demand for lactates in dietary supplements are some of the driving factors behind the growth of the global market for lactates.

Global Lactates Market: Factors Impacting Revenue Growth

• Sustainable demand for lactic salts in anti-ageing and premium cosmetic formulations
• Increasing consumption of lactates in the oral care industry
• Growth in the mineral industry in Asia Pacific is an indirect driver for lactates market growth
• Increasing demand for calcium salts in the treatment of osteoporosis
• Rise in healthcare expenditure in the Middle East & Africa
• Expansion of production capacity to enhance the sales prospects of lactates

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Global Lactates Market: Forecast by Application

On the basis of application, the global lactates market is segmented into food & beverages, pharmaceuticals, personal care, animal feed, agriculture, and others. The application of lactates in beverages is estimated to increase globally.

This is attributed to increased consumer demand for micronutrients in drinks such as juices, ready-to-drink premixes, and powdered beverages. Consequently the food & beverage segment makes up the highest market share both in terms of value and volume, and will retain its dominant position over the forecast period.

Global Lactates Market: Forecast by Form

On the basis of form, the global lactates market is segmented into solid and liquid segments. In terms of value and volume, the liquid segment is expected to exhibit the highest growth over the forecast period. In 2017, the liquid segment was valued at US$ 188.1 Mn, which is expected to reach US$ 313.7 Mn by 2027, expanding at a CAGR of 5.2% during the projected period.

Global Lactates Market: Forecast by Product Type

On the basis of product type, the global market for lactates is segmented into Sodium Lactates, Potassium Lactates, Calcium Lactates, Magnesium Lactates, Zinc Lactates and Others. Sodium Lactates and Zinc Lactates captured equal revenue share in the year 2017 and will witness relatively good growth during the forecast period.

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Global Lactates Market: Forecast by Region

In terms of volume, APEJ is expected to exhibit the highest growth during the period of study, closely followed by Japan. On the other hand, MEA makes up the smallest market share, both by value and volume, and is expected to grow steadily over the forecast period. North America is expected to account for the highest market share both in terms of value and volume, and will retain its dominant position over the forecast period.

Global Lactates Market: Key Players

Corbion N.V., Merck KgaA, Seidler Chemical Co, Inc., Alfa Aesar GmbH & Co KG (Thermo Fisher Scientific Inc.), Caldic B.V., FBC Industries, Inc., Global Calcium Private Limited, Musashino Chemical Laboratory, Ltd., Henan Jindan Lactic Acid Technology Co., Ltd, Pfanstiehl, Inc., Jungbunzlauer SuisseAG, ISALTIS, American Elements, Dr. Paul Lohmann GmbH KG, Jost Chemical Co., Galactic s.a., Zhengzhou Tianrun Lactic Acid Co., Ltd., BSA Inc., Prathista Industries Limited and Magnesia GmBh are some of the leading companies profiled in the report.

According to a new market intelligence study published by Future Market Insights (FMI), modified starch market revenues are likely to reach ~US$ 10 Bn by 2022 end. Compared to developed regions, the sales value of modified starch is expected to be higher in countries of developing regions, including Asia Pacific and Middle East & Africa, with estimated market shares of ~20% and ~10% respectively, towards the end of next decade.

Modified Starch Market Size Value in 2022	USD ~12.6 Bn
Modified Starch Market Forecast Value in 2032	USD ~21.2 Mn
Global Growth Rate (2022 to 2032)	~5.6% CAGR
Forecast Period	2022-2032

Growing demand for low-fat and fat-free dairy products from consumers around the world reflects a massive opportunity for modified starch manufacturers. The study opines that the increasing health awareness and growing demand for healthy and nutrient-rich food products denote the prominent factors directly impacting the modified starch market.

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Key Takeaways from Modified Starch Market Study

• The declining demand for synthetic ingredients in food and beverage industry is directly benefiting the sales of natural ingredients in food products.
• Maize/corn has long remained the preferred source or primary ingredient for traditional modified starch, and continues to capture substantial share in the modified starch market.
• The market for modified starch is mainly driven by increasing consumption of processed food products by consumers owing to increasing working professionals.
• Visible increase in adoption of Westernized dietary lifestyles across developing regions has been creating opportunities for modified starch manufacturers in the global market.
• Multiple applications of modified starch in different industries such as food, textile, paper making, and cosmetics and personal care, pharmaceuticals and animal feed are fueling its market growth.
• Increasing consumption of diverse food and beverage products, including bakery, dairy, meat, and poultry products in developing economies and economies in transition is fueling the global modified starch market
• The demand for physically modified starch and enzyme modified starch will continue to represent healthy CAGRs by the end of 2029.

“As the preference for natural ingredients is increasing among consumers, it is expected to benefit the sales of products, such as modified starch. Manufacturers of modified starch are intensifying their strategic focus on promotional activities to leverage the health benefits associated with naturally modified starch, to attract a wider consumer base,” analyzes the FMI analyst.

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Competitive Landscape

The key players in the modified starch market include Cargill, Incorporated, Archer Daniels Midland Company, Roquette Frères Company, Ingredion Incorporated, Tate & Lyle PLC, Agrana Group, Emsland Group, KMC Kartoffelmelcentralen A.M.B.A, The cooperative Avebe U.A., BENEO GmbH and many more.

Manufacturers prioritize ‘natural and ‘gluten-free’ aspects to ensure higher product quality and nutritional benefits to consumers with the strategy of grasping the outsized segment of consumers.

The modified starch market is still at its infancy, with plenty of room for improvements. Various sources for modified starch are likely to hit shelves in the near future, such as growing demand for rice as a source of modified starch is trending. Along with that, growing international fast food restaurant chains around the world generate opportunity for modified starch manufacturers in the global market.

Find More Valuable Insights on Modified Starch Market

Future Market Insights, in its new report, brings to fore an unbiased analysis of the global modified starch market, presenting historical demand data (2017-2021) and forecast statistics for the period, 2022-2032.

The study divulges compelling insights on the modified starch market on the basis of source (maize/corn, wheat, potato, tapioca, and rice), product type (acetylated starch, physically modified starch and enzyme modified starch), food & beverage, animal feed, cosmetic and personal care, papermaking, textile, pharmaceuticals, and others), across seven major regions.

About the Food & Beverage Division at Future Market Insights

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs.

With a repertoire of over 1,000 reports and 1 million plus data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.