Modified Soya Flour Market Anticipated to Grow at a Significant Pace by 2032

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.

Modified Flour Market Industry Analysis, Size, Share, Growth, Trends, and Forecast 2022-2032

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

Polyethylene Remains Preferred Material, Accounting for Nearly 70% of Stretch Hood Films Produced through 2031: Study

Stretch wraps or shrink films can prove inefficient in protecting the packages completely. As a result an increasing number of manufacturers are inclined towards automation and reducing labor work as much as possible. As per a new study by Future Market Insights (FMI), this will enable growth in the stretch hood films market, which is expected to surpass US$ 736 Mn by 2021.

In some countries lack of labor is one of the key factors which makes automation a more efficient solution in the long run. Furthermore, unlike stretch wraps and shrink wraps, stretch hood films provide all surface protection.

Stretch hood films are gaining traction among the end users as they do not require separate heating unit like shrink films when combined with the stretch hood wrappers. Thus, they save consumables and energy which are essential in heat shrink systems. Therefore, stretch films are predicted to hold a major pie in the global packaging market in near future.

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Besides this, stretch hood film provides improved quality of wrapping. It gives a perfect presentation to the wrapped products eliminating the appearance of folds and creases which is common in shrink wrapping. Most of the consumers are gradually shifting to stretch hood films from tradition packaging and wrapping approaches as these films gives enhanced aesthetic looks, transparency, and gloss to show the contents of the load. Stretch hood packaging offers great efficiency for securing pallet unit loads. Products packaged with stretch hood films enable maximum coverage as the package is covered horizontally and in transverse directions as per the packaging application.

Besides this, high packaging speed is a major concern for the end-users who are specially manufacturing products in bulk quantity and prefer to export their products to various destinations. Using stretch hood films consumers are able to save shrinking phase and thus increases wrapping speed around 150 pallets per hours. This speed is almost double of alternate wrappers using shrink films.

To optimize the production of their end line and to get advanced and efficient wrapping solutions, the consumption of shrink hood films is expected to increase exponentially during the forecast period. Increasing consumer demands have hiked the need for faster las t mile delivery and packaging. Therefore, stretch hood films provide manufacturers an optimum choice to opt for smart packaging solution.

Polyethylene stretch hood films are highly sought-after. As per FMI, polyethylene will be used in the production of nearly 70% of stretch hood films produced through 2031. Among end users, the demand from the construction sector also is expected to rise in the coming years.

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Key Takeaways of Stretch Hood Films Market Study

  • Stretch hood films sales are poised to surge, enabling the market exhibit 2.8% y-o-y growth in 2021, after a period of setback in 2020
  • With manufacturing rising consistently, coupled with the demand for advanced packaging solutions, the U.S. will account for over 88% of sales in North America
  • While 2020 proved uneventful, the U.K. market will register a positive 3.7% y-o-y growth in 2021
  • Expansion of construction sector will fuel demand for stretch hood films in Japan and South Korea
  • South Korea will exhibit higher rate of growth yet China will remain the dominant market for stretch hood films in East Asia

 “Closed film hoods lead to better theft protection compared to stretch wrapping. Stretch hood films further prevent dirt and moisture from damaging the products during loading and shipment.” says an FMI analyst.

Stretch Hood Films Find Application in Diverse Industries

Stretch hoods machine is one of the latest palletizing technology and offers benefits when compared to other palletizing methods. In recent times, stretch hood films manufacturers have not only improved the packaging technique and quality, but also emphasized on the quality of raw materials used to enhance performance. Stretch hood films manufacturers are continuously working on production of stretch hood films with more elasticity and reduced thickness.

Using stretch hood films reduces plastic consumption by 20%-30% as compared to shrink hoods or stretch film. It encourages manufacturers to grab this opportunity and innovate products which are less harmful to the environment. These films can be recycled easily so it drastically brings down the recycling cost. Increasing opportunities created by innovative product offerings are anticipated to induce established players to invest in research and development activities to further improve performance of stretch hood films. Increased load stability and elasticity of stretch hood films has created lucrative opportunity for the manufacturers of stretch hood films to cater multiple end use industries such as food & beverage, textile, shipping and construction among others.

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Impact of COVID-19 on Stretch Hood Films Market

E-commerce and cargo shipments have been transporting huge number of products. Stretch hood films ensure load stability for transportation at the same time provide total visibility to the contents of a pallet. In the recent years, logistics industry has gained prominence due to rising technology. However, the outburst of COVID-19 pandemic has turned the normal functioning of the logistics sector.

Sudden drop in consumer demand created an immediate impact on shipping and port operations activity levels and altered corporate strategies. Lockdown across multiple geographies led to port congestion and reduced demand of stretch hood films from logistics industry. Trends in industry such as food & beverage and medical products confirmed resilience for demand of basic goods, which had continuous demand for packaging of goods.

Who is Winning?

Sigma Plastics Group, Coveris Holdings S.A., Novolex Holdings, Inc., AEP Industries Inc., Integrated Packaging Group Pty Ltd, Trioplast Industrier AB, Muller Load Containment Solution, RKW Group, Muraplast d.o.o., Thrace Synthetic Packaging Limited, Rosenflex(UK) Limited, Manuli Stretch S.p.A, Shields Bag and Printing Co., UAB Umaras, Gebr Duerrbeck Kunststoffe Gmbh Limited, Aalmir Plastic Industries and NPF Polyfilms Pvt Ltd are prominent players in the stretch hood films market. The stretch hood films market is fragmented and the key players in the market hold 15–20% share in the global stretch hood films market.

Banana Flakes Market Size 2022 By Key Players, Competition Tracking, Applications & Forecast 2032

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 Market Expectations & Growth Trends Highlighted Until 2032

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.

Punnet Market to Reach US$ 1.7 Bn as Paper Based and Cardboard Punnets Cause Breakthrough in Packaging Sustainability

According to a market study by Future Market Insights (FMI), the demand for plastic punnets increased among end users with growing consumption of packaged fresh food. However, due to growing environmental concern, manufacturers and end users are adopting sustainable packaging formats to preserve nature and ensure maximum product shelf life.

To capitalize on this existing trend, some of the manufacturers are developing PCR material based punnets and are also developing alternatives to plastic punnets such as cardboard, paper and molded fiber punnets.

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For instance, leading manufacturer, Smurfit Kappa Group identified that globally around 95% of all plastic packaging is used for single time and then converted into waste by discarding all of them.

This increased the litter and ultimately landfills. Hence, demand for paper based punnets is expected to increase as they are completely recyclable and reduce the plastic waste.

Meanwhile, Westpack Group Ltd. recently launched cardboard based punnets which are heat sealed. This innovation will minimize long-standing dependency of grocery manufacturers on plastic punnets for commercial heat sealing process. The company is offering set of commercially viable paper based alternative to plastic punnets.

As these paper or cardboard punnets are also good in absorbing moisture, FMI anticipates that they will witness astonishing growth, accelerating the demand in the global punnet market over the coming decade.

Key Takeaways from Punnet Market

  • The plastic punnet segment is estimated to create an incremental opportunity of US$ 529.4 Mn during the forecast period.
  • The fresh food produce segment will witness robust growth at a CAGR of 6.5% in the forecast period.
  • North America punnet market is to anticipated to hold nearly 25% of the global market share during the forecast period.
  • South and East Asia are anticipated to be the most attractive region for the punnet market during the forecast period.
  • China and the U.S are expected to dominate the East Asia and North America punnet market, respectively.

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“Adoption of sustainable material with ~100% recyclability which can increase the shelf life of fresh produce with attractive print on the punnet is increasing. This is expected to create lucrative growth avenues in the market over the coming decade” –FMI Analyst

Need to Increase Shelf Life of Fresh Produce to Accelerate Demand for Punnet Packaging

The punnet market is poised to expand with rising demand for products with longer shelf lives. It takes time for packaged food to reach consumers across the globe after it is packaged. As a result, the packaged food may not be fresh, and its aroma and taste may be lost before it reaches the consumer. Hence, to keep the packaged food and fruits more fresh, adoption of punnets is increasing.

Further, packaging industries are investing in technologies and various new packaging techniques, such as intelligent packaging to increase the shelf life of the product. Punnet packages’ enhances the shelf life of fresh goods for longer period of time. This is creating growth opportunities for punnet manufacturers.

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Punnet Market Landscape

Leading players operating in the global punnet market include Smurfit Kappa Group Plc, LC Packaging International BV, Coveries Holding SA, T&B Containers Ltd, Tacca Industries Pty. Ltd., Raptis Pax Pty. Ltd., INFIA srl, Quinn Packaging Ltd., Groupe Guillin SA, Paccor Netherlands BV, Leeways Packaging Services Ltd., AVI Global Plast Private Limited, Royal Interpack Group, Alta Global Inc. and Ilip S.r.l.

Punnet Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global market for punnet market by material type (paper, plastic, molded fiber punnets), by capacity (Up to 150 gm, 151-330 gm, 301-500 gm, above 500 gm), by application (fruits and vegetables, meat poultry and seafood, frozen food, Ready-to-Eat), by end use (retail outlets, hotels, restaurants and cafes, household).

Lactates Market Size Forecast to Reach US$ 1.1 Mn by 2032|FMI

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.

Modified Starch Market Outlook Cover New Business Strategy with Upcoming Opportunity 2022 to 2032

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.

Probiotic Ingredients Market to Witness a Pronounce Growth During 2027

In 2016, close to 20% of infants were born in the US by C-section (cesarean) mode of delivery. This percentage is even higher in developed countries across the globe including Europe and Asia Pacific. Number of C-section child deliveries is also gradually picking up pace in developing countries, and is further likely to amplify with favorable surrogacy policies in countries such as India.

The early colonization patterns of bacteria in the gut of C-section born infants differ widely from infants born vaginally. Furthermore, it has been experimentally proven that the first microbiotas (commensal, symbiotic, and pathogenic microorganisms in the body) of infants are structured primarily by their mode of delivery. The population and diversity of bacteria in infant gut are similar to the type of microbiota that a child accumulates during the birth. A higher threshold of similarity has been reported between microbiota of an infant gut to that of the mother’s vaginal or skin microbiota. Furthermore, experiments also prove that C-section born infants harbored less Bifidobacterium and Bacteroides species benchmarked to vaginally-born infants, along with lesser diversity of species of bacteria.

Since, the mode of delivery directly influences bacterial diversity among kids, and number of C-section delivery is also reported to be increasing every year, supplement of probiotic ingredients is recommended by pediatrics across the globe, in order to ensure balanced bacterial colonization in kids’ gut during the developmental stage. This is likely to unfold as one of the critical factors, on the backdrop of which, the global probiotic ingredients market is projected to grow over the coming years.

Increasing Incidences of Indigestion in Kids

Eating habits have transitioned from health-based food products to taste-based – particularly for kids in developed countries. Busy lifestyles of working parents limit their control on the eating patterns of their children, which in majority of the cases results into gastrointestinal-related malfunctioning conditions in kids.

About half a decade ago, consumers were not informed about the use of probiotic ingredients and hence, their dependence was on medicines, which again led to other complications at several reported instances, across the globe. The probiotic ingredients industry is focused on making consumers aware of certain strains of probiotic bacteria that show very effective results for children by relieving them from constipation. Informed parents now opt for probiotic ingredients and ensure administration of supplements to children on regular and required intervals.

A complete package supplement, which is being brandished by several probiotic ingredient manufacturers target kids and adults at the same time with supplements that consists of bacterial strains benefiting children, as well as adults. Thus, the beneficial properties of probiotic ingredients and supplements for kids are expected to propel the demand for the product over the coming years.

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Probiotic Ingredients Manufacturers Adopting Novel Marketing Strategies

Adoption of innovative marketing strategies has allowed participants in the probiotic ingredients industry to grow at a significant rate. With proper investment at each stage of product development, manufacturers have worked towards increasing awareness about health benefits offered by probiotic ingredients. To boost awareness, they have shared successful results of clinical trials with their target customers. As the probiotic ingredients market is highly regulated, the specifications of the product supplied have determined the positioning of the product and the application at which it is aimed.

Probiotic ingredient manufacturers have effectively undertaken marketing of their products to convey multiple benefits offered by their products. For instance, Bifidobacterium and Lactobacillus are increasingly used in dietary supplements and infant formulas because they have unusually adaptable characteristics. In addition to being a versatile ingredient, probiotic ingredients offer many other health benefits. In the light of the increased cost of healthcare, majority of the population with increased healthcare concerns (especially elderly people), has switched towards the use of probiotic ingredient-based supplements across the globe.

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Scientific Advancements Broadening the Use of Probiotic Ingredients

Lately, in the field of nutritional wellbeing, expanding escalated research of gut flora has been of vital significance for overall health. Research on probiotic ingredients and gut flora has enhanced due to advancements in technologies, which can decide and analyze the human micro biome. Research studies in the field of probiotic ingredients additionally demonstrate the capability of well-being adequacy of probiotic ingredients for metabolic and psychological conditions, alongside the impact on gastrointestinal and tract and the immune system. Because of these propelled outcomes, the development of probiotic ingredients in new indication areas is expanding, which is expected to contribute to progress in the long term, as the probiotic ingredients market becomes more extensive and prominent.

By Product Type

  • Bacterial
    • Lactobacillus
    • Bacillus
    • Enterococcus
    • Bifidobacterium
    • Streptococcus
    • Others
  • Yeast
    • Saccharomyces Cerevisiae
    • Saccharomyces Boulardii

By End Use

  • Food & Beverages Processing
    • Bakery & Confectionery
    • Breakfast Solutions
    • Cultured Dairy Products
    • Ice Cream & Frozen Desserts
    • Snacks & Bars
    • Infant Nutrition
    • Beverages & Dairy Drinks
  • Dietary Supplements
    • Immune Health
    • Gut & Digestive Health
    • Women’s Health
  • Personal Care & Cosmetics
  • Animal Feed

By End Product Form

  • Powder
  • Suspension
  • Granule
  • Capsule
  • Stick Pack
  • Tablet/Chewable
  • Gel

Region

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • Oceania
  • Middle East & Africa

Syringes Market to Exceed US$ 49.2 Bn by 2032 as Demand in Hospitals Continue Growing

According to Future Market Insights (FMI), the global syringes market is expected to surpass a valuation of US$ 49.2 Bn by the end of 2032. Availability of syringes in different capacities such as small volume syringe, medium volume syringe, and large volume syringe is propelling the demand in the market.

These syringes are used by various end users such as hospitals, research laboratories, drug manufacturing, and clinical research. It is the best suitable solution for injecting or withdrawing the fluid from the body. With growing demand for disposable syringes and reusable syringes, demand in the market is expected to propel.

Furthermore, disposable syringes are preferred by healthcare professional due to the increasing awareness about the diseases caused by the usage of the same or repeated syringe. Hence, the rising intake of disposable vaccines along with the development of new vaccines is driving the demand for syringes across the globe.

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Future Market Insights forecasts that there are various opportunities for syringe manufacturers due to the rise in usage of the syringe in the healthcare sector.

Key Takeaways

  • The plastic syringe segment is anticipated to expand at a CAGR of 10.1% during the forecast period due to the increasing use of disposable syringe.
  • By product type, the disposable syringe segment is anticipated to remain the leading segment, accounting for over 88% of the market share and creating an incremental opportunity of US$ ~25.3 Bn.
  • Based on end use, the hospital segment followed by the clinical research segment is projected to account for significant share.
  • Sales of syringes in hospitals and clinical research will surpass US$ 23.7 Bn during 2022-2032.
  • North America, Europe, and East Asia are showcasing highest demand for syringes. These segments are projected to hold approximately a 2/3rd of the market by the end of 2032.

“Need for disposable solutions in hospitals to withdraw and inject fluid or drug is propelling the demand for plastic disposable syringes. To capitalize on this, innovation in syringes is on card. This is expected to create opportunities for companies operating in the market,” says an FMI analyst.

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Expansion of Healthcare & Medical Sector to Generate High Demand for Syringes

The healthcare & medical sector across the globe is expanding due to the spread of various viruses & diseases. Besides this, the people are getting more health-conscious which is resulting in more usage of healthcare facilities and services.

The expansion of healthcare and medical sector is expected to propel the demand for syringes. Also, the small scale healthcare facilities are emerging to cater for the growing number of patients which is creating incremental growth opportunities for the syringe market.

Besides this, the government in several countries is also focusing on expanding the healthcare facilities to improve the treatment of patients, thereby, augmenting the sales of syringes. Additionally, development of new drugs across the globe will bolster the demand in the syringe market.

Rise in Blood Collection Center Creating Growth Opportunity for the Syringes Market

The blood collection centers use a syringe to withdraw blood samples from the patient’s body to examine the spread or impact of caused virus or disease. The spread of the COVID-19 virus resulted in high demand for a blood collection center to examine the spread of the virus on the lungs blood is been collected. This rise in the demand for blood collection centers creating growth opportunity for the syringe market.

The increase in blood collection centers is anticipated to create market growth opportunities for the syringe during the forecast period.

Impact of COVID-19 on Syringes Market

The global syringes market experienced a positive impact of COVID-19 due to the rise in production and consumption of vaccines to curb the spread of the virus which bolster the sales of the syringe across the globe. The COVID-19 vaccine getting compulsory for the population to supplement the sales of the syringe. Also, the massive vaccination drives push the demand for the syringe. The development of a new vaccine for the COVID-19 virus creates a growth opportunity for the syringes market.

Moreover, government decision of the first dose then the second dose, and the booster dose is fuelling the demand for the syringe. The key players operating in the syringe market are focusing on increasing their production capacity to meet the increasing demand for the syringe. The government also offered subsidies and support for the production of the syringe to avoid the shortage of the syringe. Thus, the COVID-19 bolster the sales of syringe across the globe.

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Syringes Market Landscape

Becton, Dickinson and Company, Gerresheimer AG, Braun Medical Inc., Schott AG, and DWK Life Sciences are the top players operating in the syringe market. Furthermore, Cardinal Health Inc., Hindustan Syringes & Medical Devices Ltd., and CHEMI S.P.A. are also noticeable players in the market. The Tier 1 players in the market hold 10-15% in the global syringe market.

Syringes Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global syringes market, analyzing historical demand from 2015-2021 and forecast statistics for 2022-2032. The study reveals market growth projections on the syringe based on the material (glass syringes and plastic syringes), product type (disposable syringes and reusable syringes), capacity (small volume syringes (1-10 ml), medium volume syringes (11-20 ml), and large volume syringes (Above 20 ml)), and end use (hospitals, research laboratories, drug manufacturing, and clinical research) across seven regions.

About Packaging Division at Future Market Insights

The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help