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Phospholipids are obtained from oilseed such as sunflower, rapeseed, and soy. The abundant availability of phospholipids and increasing demand in cosmetics, hair care, pharmaceutical, and nutraceutical industries will aid expansion of the market, finds Future Market Insights (FMI) in a new study. According to the report, the phospholipids market will reach US$ 2.85 Bn in 2021.

The multi-functional nature of phospholipids is expected to fuel demand in various end-use industries. Its emulsifying property is driving food and industrial application. Increasing consumption of bakery products like breads, pastries and cupcakes is will fuel the demand for phospholipids.

Rising concern towards healthy lifestyle and increasing demand of nutritious food and beverage will create growth opportunities. Phospholipid act as emulsifier in the production of processed meat such as salami, sausages and ready to eat meal.

The cosmetic and pharmaceutical manufacturers prefer soy phospholipid for its blending property. Nutraceutical segment is expected to showcase increasing application. According to FMI, over 40% of phospholipids sales will concentrate in this sector.

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Key Takeaways from Phospholipids Market Study

• Phospholipids market will exhibit string growth at a CAGR of 7.4% between 2021 and 2031
• Expansion of pharmaceutical and nutraceutical sectors will support growth in the U.S., enabling it to account for over 78% of North America market
• The U.K. market will expand at a steady pace, registering a little above 4% y-o-y growth in 2021
• Germany and France will emerge as lucrative markets for phospholipids in Europe
• China will account for over half of phospholipids sold in East Asia, followed by Japan and South Korea

“Market players are expected to explore opportunities across diverse industries. Cosmetics industry, for instance, will emerge as a chief end user. The rising demand for ingredients derived from natural sources will fuel phospholipids applications within the sector,” said a lead analyst at FMI.

Application in Diverse Sectors will Drive Sales

Phospholipid is used as an essential ingredient in infant formula. It contains omega-3, omega-6 and fatty acid. It is getting increasingly popular as an ingredient in infant supplementary industry.

The demand of phospholipids is increasing due to its application in different sectors. It is often used as an ingredient in the production of hair conditioner, moisturizer, infant formula, and other products.  Phospholipid are widely used in pharmaceutical product such as in oral, dermal, and parenteral products.

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Who is winning?

Some of the key players operating in the phospholipid market are VAV Life Science Pvt. Ltd., Avanti Polar Lipids Inc., ADM, Stern-Wywiol Gruppe, Wilmar International Ltd., Cargill Inc., Lasenor Emul SL, DuPont Inc., Bunge Ltd., SojaProtein a.d., Lipoid Gmbh, Sime Barby Unimills B.V, Kewpie Corporation, Lecico GmnH and many more. Key players are adopting strategies such as new product development, acquisition, and strategic collaborations to gain competitive edge.

• For instance, in 2017 Merck made multinational distribution agreement with Avanti Polar Lipids. This agreement includes all worldwide geographies except US, where Avanti will reach consumers through its own channels.
• In 2019, Avril has acquired a German company specialized in phospholipid and lecithins, Lecico to expand its product portfolio for nutrition and health business.
• In 2017, VAV Life Science has inaugurated it manufacturing facility in Ratnagiri, Maharashtra. The facility is set up in India due to emerging application of phospholipids in pharmaceuticals, functional food, cosmetic and nutritional supplements.
• In Jan 2021, Fonterra has launched milk phospholipid in US market. This product is launched with aim of expanding the product portfolio into mental wellness space.

Get Valuable Insights into Phospholipid Market

Product Type

• Natural Phospholipids
  • Soybean Phospholipids
  • Sunflower Phospholipids
  • Rapeseed Phospholipids
  • Egg Phospholipids
  • Others (corn phospholipids and canola phospholipids)
• Synthetic Phospholipids

Function   

• Emulsifiers
• Texturizers
• Stabilizers
• Binding Agent
• Releasing Agent

Application

• Cosmetics
  • Skin Care
  • Hair Care
• Pharmaceuticals
• Nutraceuticals

Region

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa

The vegan food industry has witnessed spectacular gains in the past few years, owing to increasing realization amongst consumers about the perceived ill-effects on human health as a result of excessive animal based food products. The popularity of plant-based confectionery is an interesting trend in this regard. Bouyed by these factors, Future Market Insights (FMI), in its recently published study, opines that global vegan marshmallows market will grow at over 8% through 2028.

The Vegan Society estimates that demand for plant-based meat alternatives surged by nearly 1000% across the U.K in 2017, while 62% of the population purchased plant-based milk in 2020. Such trends are generating credible expansion possibilities for prominent vegan marshmallow manufacturers.

The surging demand is also attributed to increasing preference for clean label and GMO free foodstuffs. High preference for halal and kosher food items is prompting confectionery giants to offer vegan alternatives.

Key Takeaways

• Global vegan marshmallows market to exhibit value CAGR exceeding 8% through 2028
• Premium vegan marshmallows to generate over half of the revenue share by 2020-end
• Vanilla and peppermint top-selling flavors
• Health & wellness stores to register remarkable growth, expanding at a staggering 10.4% CAGR across the forecast period
• North America to remain the dominant vegan marshmallows market, surpassing US$ 100 Mn by 2020-end

“Increasing demand for clean-label certifications, including halal and kosher, across prominent regions is motivating vegan food manufacturers to introduce plant-based marshmallows with unique flavor combinations, positively driving market growth,” says the FMI analyst.

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COVID-19 Impact Analysis

The novel coronavirus pandemic has ushered in a sea change in consumers’ dietary preferences, with sales of plant-based and vegan foodstuffs spiking across all continents. Growing apprehensions about possible infection contraction through zoonotic channels have compelled consumers to abandon meat consumption and choosing safer alternatives.

This precautionary behavior has also penetrated the marshmallows market, with prominent manufacturers augmenting production of different flavored vegan marshmallows. According to a Veganuary survey, 32% of participants revealed that they were consuming more vegan foods across the UK, US, Latin America and Germany since the pandemic’s outbreak.

Hence, the prospects for vegan marshmallows has been broadening since the past several months. The market is expected to further aggrandize in the upcoming forecast period, with consumers expected to rely largely on clean-label and naturally derived foods way after the pandemic has subsided.

Competitive Landscape

The global vegan marshmallows market is characterized by the presence of various prominent vegan product manufacturers who are effectively leveraging the prevailing clean-label products consumption trends to flood regional markets with innovative flavor combinations.

Some leading players profiled in FMI’s vegan marshmallows market research report include Freedom Confectionery, Chicago Vegan Foods, Mr. Mallo Group, The Naked Marshmallow Co., Ananda Foods Ltd. & The Marshmallowist among others.

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More Insights on FMI’s Vegan Marshmallows Report

Ingredient

• Vanilla
• Pumpkin
• Peppermint
• Chocolate
• Others

Distribution Channel

• Hypermarkets/Supermarkets
• Convenience Store
• Drug Stores & Pharmacies
• Health & Wellness Stores
• Online Retailing
• Other Retailers

Pricing

• Economic
• Premium

Region

• North America (U.S & Canada)
• Latin America (Brazil, Mexico, Argentina & Rest of Latin America)
• Europe (EU-4, U.K, BENELUX, Russia, Poland & Rest of Europe)
• APEJ (China, India, ASEAN, Australia & New Zealand, South Korea & Rest of APEJ)
• Japan
• Middle East & Africa (GCC, South Africa & Rest of MEA)

A recent study by Future Market Insights (FMI) opines global vegan supplements market is set to growth at 10.9% CAGR between 2020 and 2028, supported by a growing base of vegan and vegetarian consumers. The rise of the conscientious consumer has led to new opportunities for vegan supplement market players.

Plant-based diets reduce the risks of cancers, coronary disease, diabetes and other lifestyle-based ailments. Also, efforts towards sustainable food production management and ethical consideration in terms of sourcing animal-based ingredients are likely to bolster demand for plant-based product offerings.

As governments set up favorable policies towards plant-based diets, FMI opines bullish prospects for the vegan supplements market.

Key Takeaways

• Surge in demand for botanical ingredient sources owing to clean label trends
• Online retail distribution channels to gain traction as people look to minimize risks
• Demand for vegan supplements in capsule form continues to grow
• Europe maintains its position as the most lucrative market globally

“Varied advantages associated with vegan supplements including lower toxicity, superior bioavailability, and natural smell & flavor is expected to bolster the vegan supplements market through the forecast period,” says an FMI analyst.

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COVID-19 Impact Analysis

Sales of vegan supplements through online channels has picked up since early 2020, following the outbreak of the coronavirus outbreak. On the other hand, sales from brick-and-mortar outlets have witnessed a moderate drop. OTC offerings are expected to witness higher demand with higher levels of health consciousness driving the demand for immunity-boosting offerings.

This trend is also contributing to increasing adoption of plant-based diets, which will contribute to long term growth in the post pandemic era. Revenue from the vegan supplements market is expected to continue growing as lockdown restrictions are eased, with growing sales coming out of sports nutrition applications.

Who is Winning?

The vegan supplements market is largely competitive and fragmented. Key market players are increasingly focused on product development and launch strategies aimed towards bolstering product portfolios and geographical expansion.

Market leaders include General Mills Inc., Garden of Life, Danone S.A., PepsiCo Inc., Blue Diamond Growers Inc., ALOHA, NuGo Nutrition, One Brands, BHU Foods, and G&G Foods among others.

FitLivings in December 2020 introduced its Okinawa Flat Belly Tonic, which is a non-GMO, vegan friendly, powder-based supplement for consumers in the United States.

HealthyCell a leading dietary supplement company has entered into a partnership with KeHE for the distribution of its Vegan Essentials range of products, which comprises a proprietary gel delivery system.

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More Valuable Insights on Vegan Supplements Market

Product Type

• Powder
• Liquid
• Capsules
• Bars
• Others

Ingredients

• Vitamins & Minerals
• Amino Acids
• Botanical Supplements
• Others

Distribution Channel

• Hypermarkets/Supermarkets
• Convenience Stores
• Drug Stores & Pharmacies
• Health & Wellness Stores
• Online Retailing
• Others

Region

• North America (U.S. & Canada)
• Latin America (Mexico, Brazil, & Rest of LATAM)
• Europe (Germany, U.K., France, Italy, Spain, BENELUX, Russia, & Rest of Europe)
• Middle East and Africa (GCC Countries, South Africa & Rest of MEA)
• Japan
• Asia Pacific excluding Japan (China, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand & Rest of APEJ)

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.

The sales of functional, probiotic foods, and beverages in recent years have risen substantially owing to higher prevalence of health awareness among consumers. Changing dietary behaviors and the increasing popularity of ready-to-eat foods have been fuelling the demand for citrus yogurt, finds Future Market Insights (FMI) in a new study.

Citrus yogurt manufacturers are increasingly leveraging the potential of their offerings as potential alternatives to ice creams and food spreads, while also focusing on strategies towards product launches and geographical expansion.

According to the U.S. Dairy Export Council, the global fermented beverage and drinkable yogurt sales have grown with a 12% CAGR since 2015. In a recent market study, Future Market Insights (FMI) has stated that the global citrus yogurt market surpassed US$ 1.9 Bn in 2020.

As per the Food and Agriculture Organization of the United Nations, 6 billion people globally consume milk and milk products. However, the vast base of lactose intolerant consumers will generate long term opportunities for non-dairy citrus yogurt products for years to come.

Key Takeaways

• Dairy-based citrus yogurt is estimated to hold major market share. However, plant-based alternatives are estimated to display a stronger growth rate through 2028.
• Sales through hypermarket/supermarket channels will remain dominant, owing to sophisticated and robust supply chains.
• Conventional formulations will hold the lead over organic options, accounting for close to 90% through the forecast period.
• Asia Pacific excluding Japan is a dominant regional market, which is projected to grow to more than 38% of the overall market share by 2028.

“In a fairly fragmented citrus yogurt market, companies are adopting diverse strategies to carve a niche. While product launches remain key focus, some of the market players are focusing efforts toward expansion to strengthen their foothold. To woo consumers there is immense focus on launching additive free products, which will bode well for the market in the coming years,” said a lead analyst at FMI.

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COVID-19 Impact Analysis

The COVID-19 pandemic has resulted in significant changes in the food preferences of consumers around the world. Concerns over health, immunity, and transmission of the virus have bolstered the demand for health foods including probiotic products such as flavored yogurt.

The availability of high-protein product offerings in the sector is a major factor that is likely to drive demand in the short term. Also, plant based variants of citrus yogurts are expected to gain traction through the crisis.

Also, higher demand for RTE foods and, changes in consumer spending habits aimed towards essentials including food and beverage purchases will positively influence the growth of the citrus yogurt sector in the short term.

Who is Winning?

The citrus yogurt market is fairly fragmented and characterized by the presence of small and mid-scale manufacturers. Leading market players are effectively widening product portfolios for long term growth with a focus on natural and clean label ingredients.

Some of the leading players in the citrus yogurt market include General Mills Inc., Kite Hill, Danone S.A., Forager Project LLC, The Hain Celestial Group Inc., Chobani LLC, Nestle S.A., and Daiya Foods Inc. among others.

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More Valuable Insights on Citrus Yogurt Market

Product Type

• Dairy
• Non-Dairy

Form

• Drinkable
• Spoonable

Nature

• Organic
• Conventional

Distribution Channel

• Food Service (HoReCa)
• Hypermarket/Supermarket
• Convenience Store
• Food & Drink Specialty Stores
• Online Retail
• Others

Region

• North America (U.S. & Canada)
• Latin America (Mexico, Brazil, Argentina & Rest of LATAM)
• Europe (EU-4, U.K., Russia, Benelux, Poland and Rest of Europe)
• Japan
• Asia Pacific excluding Japan (China, India, ASEAN, South Korea, Australia, and New Zealand,)
• Middle East & Africa (GCC countries, South Africa, and Rest of MEA)

Global lactose demand is set to expand at nearly 4% in 2021, as burgeoning focus on health and wellness create substantial opportunities. While demand for powdered lactose will remain higher than granular lactose, the latter is set to grow at a higher rate. US will continue to be the largest market, however, lactose manufacturers can expect growing opportunities in Latin America and Asia Pacific. These insights are according to the latest edition of the study, conducted by ESOMAR-certified research and consulting firm, Future Market Insights (FMI).

Used as a filler or filler binder in the manufacturing of drugs and capsules, the pharmaceuticals domain has emerged as a lucrative application area for lactose-based products. Developing advanced manufacturing processes and technological innovations in industry to produce quality lactose that are consistently safe and effective has fuelled lactose production worldwide.

In recent years, hundreds of supply shortage incidences have been reported and hence leading to the expansion of advanced technology production facilities will accelerate production capacity and narrow down the supply-demand gap. The ongoing expansion of production facilities with advanced technology accelerates the consumption of lactose and is expected to lead to market growth across the globe.

Key Takeaways

• Lactulose to emerge as the lucrative derivative type, accounting for nearly 30% sales
• United States will continue to account for significant market share among all countries
• Powdered form lactose will continue to outsell lactose in granule form
• Food industry will be the mainstay for lactose demand, but opportunities in animal feed are growing
• UK lactose to mimic broader consumer trends in Europe
• Lactose market players in Japan and South Korea target novel applications

“While food and beverage industry has accounted for bulk of the demand, market players are exploring applications in animal feed and personal care industry ” said a lead analyst at FMI

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Competitive Landscape

Emerging nations represent an exceptional opportunity for the lactose industry. Players are making significant investments to penetrate the untapped markets through affordable offerings. Key stakeholders in the lactose market have commenced significant revamps to their strategies in emergent countries and purpose is to increase access to their products.

In recent years, lactose market has witnessed product launches with the development of lactose by key manufacturers in order to increase their market share globally. Companies are coming up with various lactose based ingredient and derivatives for application in various segments.

• In 2015, Meggle one of key player of lactose, launched triple compound pharma grade lactose CombiLac®, specifically designed to ease oral solid dosage.
• In 2019, Kerry announced to launch Aero Flo brand for inhalation lactose grade. Brand named Aero Flo® for inhalation grades of lactose have been explicitly developed for usage in dry powder inhalers for pulmonary delivery of pharmaceuticals.

Who is Winning?

Some of the key players operating in the lactose market are, Armor Pharma, Avantor, Inc., Ba’emek Advanced Technologies Ltd (Tnuva Group), BASF SE, Davisco Foods International, Inc., DFE Pharma (JV of Royal FrieslandCampina & Fonterra Ltd.), Hilmar Ingredients, Hoogwegt Groep B.V., Kerry plc., Lactose (India) Limited, Merck KgaA, Milei Gmbh, Molkerei MEGGLE Wasserburg GmbH & Co. KG and other players.

Key players are focusing on partnership in order to gain larger market share and to capture new geographical areas to get access to new markets.

• In 2019 LBB Specialties announced that it has signed a strategic partnership deal with Meggle for the distribution of Meggle’s Pharmaceutical Lactose excipients, including lactose for inhalation formulations, in the United States.
• In 2019, MEGGLE Excipients & Technology signed an agreement with Quadra Chemicals Ltd., a leading chemical and ingredient distributor, to represent its lactose excipient portfolio for the pharmaceutical and nutraceutical industries in Canada.

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Get Valuable Insights into Lactose Market

Key Segment

Form

• Powder
•  Granule

End Use

• Food and Beverage
  • Bakery
  • Confectionery
  • Functional Food
• Pharmaceutical
• Animal Feed

Derivative Type

• Lactose Monohydrate
• Galactose
• Lactulose
• Lactitol
• Other (tagatose, lactobionic acid)

Region

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

Alternative flours are gaining traction especially since they are known to offset disadvantages of traditional whole wheat or wheat flour. According to a new study by Future Market Insights (FMI), the green banana flour market is set to reach US$ 435.7 Mn by the end of 2021. The rising demand for improved nutritional value in food along with new flavors, textures and aromas, among consumers are enabling sales in the market.

Green banana flour is trending as a gluten-free ingredient for the food industry, which in turn is creating opportunities for key players to capitalize on. Changing buyers values have led to seek more nutrition from natural and high-quality food sources with clean labels. With consumers seeking healthier options, it is seen that these products have appeal across a broad spectrum of potential buyers.

Driven by consumers’ piqued interest, green banana flour is now being made available in a particular flavor or a combination of other fruit flavors. According to FMI, the demand for conventional green banana flour is remarkably high and it is expected to account for over 95% sales in 2021.

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Key Takeaways from the Green Banana Flour Market Study

• Green banana flour market is expected to register 4.6% Y-o-Y growth in 2021
• The U.S. will emerge as a highly attractive market, accounting for over 85% of sales in North America in 2021
• Exhibiting above 6% Y-o-Y growth in 2021, the U.K. will emerge as an attractive market for green banana flour within Europe
• The demand from Germany and France too is forecast to rise at an impressive pace
• Within East Asia, China will exhibit strong growth, followed by Japan and South Korea

“The food industry is actively developing palatable products, allowing people with allergies to gluten and wheat enjoy breads, baked goods, pasta, and other food items made using processed flour. This has been one of the crucial drivers of green banana market. Green banana flour has a very mild raw banana taste; it also has a lighter wheat flour-like texture and needs around 25 % low volume, making it a strong wheat flour substitute, which will continue aiding sales through the forecast period,” said a lead analyst at FMI.

Quality Concerns Pertaining to Food Enabling Green Banana Flour Sales

Rising concerns regarding quality of food products, along with growing awareness about health & wellbeing, are pushing consumers to increasingly opt for healthy and organic products Green banana powder is being sold in its retail format for household purposes in large quantities. Growing purchasing power and increased opportunities for women in the workforce have resulted in less time for home cooking, and higher demand for processed or prepared foods. As a result, there is a rise in consumer expenditure on grocery retail and food.

Not only is it a must for those with gluten allergies to use substitute flours, but it’s also a perfect choice for many recipes to add nutrients. Green banana flour is lower in calories than all-purpose flour at only 100 calories per 1⁄4 cup, which essentially helps minimize the total calorie count without losing flavour or texture.

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Who is winning?

Rising inclination towards vegetable and fruit flours across various regions is fuelling the demand for green banana flour. Manufacturers across the globe are are investing heavily to update their inventories with green banana flour products to cater to the growing demand.

For instance, Zuvii specializes in the production and marketing of gluten-free food ingredients for both retail and commercial sectors. The company offers products such as gluten-free banana flour, pancake and waffle mix, brownie mix, chocolate cake mix, vanilla cake mix, and bundles. The green banana flour produced by the company is claimed to be starch free, and good for the gut due to its probiotic nature.

Some of the key players in green banana flour market are are International Agriculture Group, Made’s Green Banana Flour Co., Kanegrade Ltd., Natural Evolution Limited, Slingan Pty Ltd., NOW Health Group, Inc, NuNatural Inc, Zuvii, Pereg Gourmet Natural Foods, M-Pak, Banatone Food Industries, Stawi Foods and Fruits Limited, Vinayak Ingredients (INDIA) Pvt. Ltd., Hearthy Foods, Saipro Biotech Private Limited, Paradise Fruits, Royal Nut Company, Absolute Organic, KADAC Pty Ltd.

Green Banana Flour Market by Category

Product Type

• Organic Green Banana Flour
• Conventional Green Banana Flour

Process

• Spray Dried Process
• Sun Dried Process
• Freeze Dried Process
• Others

Sales Channel

• Direct Sales
• Indirect Sales
  • Modern Trade
  • Convenience Store
  • Specialty Store
  • Online Retailers
  • Other Sales Channel

Application

• Household
• Food Industry
  • Bakery & Snacks
  • Confectionery
  • Infant Food
  • Filling & Dressings
  • Soup & Sauces
  • Others
• Beverages
• Pet Food & Feed Industry

Region

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• MEA

Future Market Insights (FMI)’s report on the global silage additives market projects steady growth in 2021. Consistent demand from food sector is expected as an increasing number of companies seek to improve quality their products. According to the study, the market will continue gaining as food sector recovers post COVID-19. Also the rising demand for animal-based protein sources will emerge as a chief growth driver.

Inherent concerns pertaining to sustaining product quality and improving dietary value are the key complications, challenging the feed processing industry. Silage additives are often considered suitable options due to their high nutritional value and long-shelf life.

With some of the key players now using clean labels as catchwords for advertising, silage additives sales are poised to surge in the coming years. The demand for combination product types will rise at 6.4%, helping them emerge as the most attractive product category.

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Key Takeaways from the Silage Additives Market Study

• Steady growth will continue as silage additives market continue exhibiting above 5% CAGR on average through 2021-2031
• Rising demand for fresh forage backs the U.S. market, enabling it account for 87% sales in North America
• Impressive growth expected, as sales in the U.K. rise at above 7% in 2021
• Backed by increasing focus on fitness, sales will continue rising in Germany and France
• Adoption of novel technologies to support year-round silage production in Japan and South Korea

“Some of the emerging countries have been adopting various initiatives to expand silage production areas. The rising demand for dairy and animal products and increasing focus on feed quality will remain chief drivers of the market,” said a lead FMI analyst.

Rising awareness about animal health, along with increasing awareness regarding environmental well-being, is fuelling the demand for silage additives. Consumption of silage additives is expected to rise in developing countries in the coming years. Focus on improving animal immunity is increasing, which driven by the rising demand for non-GMO products among consumers.  This has been in turn fuelling silage additives demand.

Furthermore, in order to support in the fermentation process, numerous silage additives have been used to increase the nutrient and energy retrieval in silage often with consequent enhancements in animal performance. This has been aiding overall expansion of the market.

Who is winning?

Several top manufacturers of silage additives are concentrating on providing silage additives at an optimum price, owing to their increasing demand among consumers. Different companies have implemented integrated production approach to deliver cost-effective products in the market. Their efforts are aimed at expanding their footprints, while adding on to their production capacity.

A few of the leading players operating in the Silage Additives market are: BASF SE, Chr. Hansen Holding A/S, Biomin, Nutreco, Lallemand Inc., DuPont de Nemours, Inc, Shandong Baolai-leelai Bio-industrial Group, Schaumann Bioenergy GmbH, Micron Bio-Systems, Volac International Limited, Kemin India, Addcon Europe GmbH, Josera GmbH & Co KG, NWF Group, American Farm Products, Cargill, Microferm Ltd. and other players.

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By Type

• Homofermentative Inoculants
• Heterofermentative Inoculants
• Combination Products
• Acids and Acid Salts
• Molasses or Sugars
• Enzymes
• Non-Protein Nitrogen (NPN) Compound

By Functions

• Stimulation Treatment
• Inhibition Treatment
• Other functions (aerobic stability enhancer, moisture absorbent, and nutrition)

By Form

• Powder
• Liquid

By Silage Crop

• Corn
• Alfalfa
• Sorghum
• Oats
• Barley
• Rye
• Other Crops (wheat, legumes, clovers, etc.)

By Region

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa

Cloud based technologies are being implemented in drug manufacturing. Continuous developments in cloud based drug discovery platforms is expected to largely contribute to the growth of the global market for pharmaceutical lactose market. According to a new study by Future Market Insights (FMI), the pharmaceutical lactose market will reach US$ 605.9 Mn by 2021. Focus on research and development among drug manufacturers is consistently increasingly, in turn creating opportunities for the expansion of the market.

Development of advanced manufacturing processes, technological innovations to produce quality medicines that are consistently safe and effective, have fueled pharmaceutical manufacturing. Recently, various drug shortages have been reported, leading to expansion of drug production facilities with advanced technologies. This will accelerate drug production and narrow down the supply-demand gap.

The ongoing expansion of production facilities with advanced technology accelerates the consumption of pharmaceutical lactose and is expected to lead to pharmaceutical lactose market growth across the globe

FMI’s report on the market for pharmaceutical lactose provides forecasts the demand for α-Lactose monohydrate to be considerably high. As a result of its increasing application in excipients, the market will continue registering impressive growth. FMI has forecast the product category to account for over half of sales recorded in the market through the forecast period.

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Key Takeaways from Pharmaceutical Lactose Market Report

• Pharmaceutical lactose sales will show improvement by 0.2% between 2020 and 2021
• Backed by presence of a sophisticated healthcare infrastructure, the U.S. will account for over 60% of sales in North America
• The U.K. will remain a strong market for sales within Europe, exhibiting 4.4% Y-o-Y growth in 2021
• Germany and France will offer attractive growth opportunities driven by increasing focus on improving healthcare
• Government support to aid expansion in Japan, South Korea, and China

“Innovation has become a key factor in recent times as there is a continuous need for developing something new. This demand has resulted in pharmaceutical lactose manufacturers focusing increasingly on expansion of their R&D facilities in a way that can support innovations in line with the demand from the end-use manufacturers. For this reason, all types of companies of pharmaceutical lactose, be it small, medium, or large, are increasingly investing in research and development. A significant amount of the sales revenue is being used for the funding of research and development, “says FMI analyst.

Innovations in Drug Discovery Services to Present Growth Opportunities

The use of artificial intelligence in drug discovery sector is enhancing the productivity of the process. It is being increasingly adopted to discover novel biological targets to develop new medications by carrying out comparison of exhaustive data collected from the tissue samples of healthy ad diseased individuals. Increasing number of huge pharmaceutical giants such as are exploring the use of artificial intelligence via alliances with start-up companies, the main aim being to predict and analyze molecular behavior for the development of a useful medicine. The penetration of AI in pharmaceutical leads to new drug discovery and amps up the demand of pharmaceutical lactose.

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Who is Winning?

Some of the key players operating in the pharmaceutical lactose market are Avantor, Inc., Ba’emek Advanced Technologies Ltd (Tnuva Group), Koninklijke FrieslandCampina N.V., Armor Pharma, Hilmar Ingredients Inc., Hoogwegt Groep B.V., Kerry Group plc, Lactose (India) Limited, Merck KGaA, BASF SE, Milei GmbH, Alpavit Käserei Champignon Hofmeister GmbH & Co. KG, and other playes.

Key players of pharmaceutical lactose are focusing on new product launches, partnership, acquisition, mergers, and joint venture to expand its product portfolio as well as to strengthen its distribution channel.

• In 2019, Kerry Group launched Aero Flo brand inhalation grades of lactose. Aero Flo® brand inhalation grades of lactose have been specifically developed for use in dry powder inhalers for pulmonary delivery of pharmaceuticals.
• In 2019, LBB Specialties signed a strategic partnership deal with Meggle for the distribution of Meggle’s Pharmaceutical Lactose excipients, including lactose for inhalation formulations, in the United States.

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Product Type

• Β-Lactose
• α-Lactose monohydrate
• Amorphous lactose
• Spray dried lactose

Region

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