Curcumin market revenue to touch the 100-million-dollar benchmark over a decade, surging demand from pharmaceutical applications to push the industry growth

Rising demand for herbal dietary supplements and organic treatment methods for infections and tumors will fuel Curcumin Market growth. Curcumin is basically a fat-soluble, yellow-colored polyphenolic pigment derived from curcuminoids that is available in two forms, namely, enol and keto. This product is also recognized as a turmeric extract, and possesses anti-inflammatory, antifungal, and antiviral properties owing to which it is used to treat tumors, arthritis, and viral infections. It is also used to manage lipid levels, reduce depression, and improve metabolism, subject to which curcumin industry will experience a growth rate of 9.5% over 2016-2024, having held a valuation of USD 39 million in 2015.

U.S. Curcumin Market size, by application, 2013-2024 (USD Million)U.S. Curcumin Market size, by application, 2013-2024 (USD Million)

Growing consumer consciousness toward the consumption of natural ingredients in food products, cosmetics, and medicines is expected to help market players exploit lucrative opportunities in curcumin market. Most companies have been striving to achieve product bioavailability. For instance, Tokyo based firm, Theravalues Corporation, had launched Theracurmin Super, superior bioavailable form of curcumin in 2014, in compliance with the legislations passed by the European Union for sale in the Europe market. With the rising incidences of cancer, drug manufacturers have been trying to find alternative, bio-based, natural medication to treat the terminal disease. Growing consumer awareness regarding OTC medication will also fuel curcumin industry demand.

Curcumin production is excessively rampant across India, subject to the abundant supply of the product. India holds more than 78% of the global curcumin production. The nation accounted for more than 81% of the Asia Pacific curcumin market in 2015 and is anticipated to depict excellent growth prospects over the next seven years, pertaining to the usage of the product as a spice and food colorant. Despite possessing an abundant supply of raw material, reduced commercialization and low consumer awareness have led to the nation exporting the product to developed regions such as North America and Europe.

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Growing consumer preferences toward herbal skin care products will drive global curcumin industry size from cosmetic applications. Worldwide expenditure on herbal cosmetics was more than USD 7 billion in 2015 and is forecast to exceed USD 13 billion by 2024. APAC alone is estimated to have spent more than USD 2.5 million on organic cosmetics in 2014 and is expected to cross a margin of USD 4 million by 2024. Curcumin ingrained cosmetic products possess anti-blemish and anti-pigmentation properties, owing to which they are heavily deployed across the personal care sector. Curcumin market share from cosmetic applications is anticipated to grow at a rate of 13% over 2016-2024.

China curcumin industry is anticipated to witness heavy gains from the pharmaceutical and cosmetic sectors, subject to the product’s natural anti-oxidants. High demand for turmeric based organic dietary supplements and anti-cancer medication is expected to fuel U.S. curcumin market size. In addition, increasing preference for turmeric based cosmetics subject to its anti-pigmentation and antioxidant characteristics will propel U.S. curcumin industry share from cosmetic applications, slated to grow at a CAGR of 10% over 2016-2024

Germany curcumin market size from cosmetic applications is anticipated to surpass 2.3 tons by 2024, in terms of volume. This growth can be credited to the excessive usage of the product owing to its benefits subject to blemishes, UV rays, and skin pigmentation. In addition, the pharmaceutical industry share in Germany is expected to cross USD 65 billion by 2024. The healthcare spending alone surpassed a mammoth USD 325 billion in 2015. Subject to the regulations enforced by the European Food Safety Association (EFSA), Germany curcumin market is anticipated to register a notable growth over 2016-2024.

Pharmaceutical applications held more than 52% of the overall curcumin industry in 2015. The product’s usage in the treatment of various diseases such as arthritis and gastric ailments will propel the market growth.

U.S. led OTC industry in 2015 by accounting for more than 30% of the overall demand, subject to the increased requirement of anti-cancer medication. U.S. herbal dietary supplements market size was valued at USD 6 billion in 2015, and is expected to grow at a rate of 7.5% over the next few years, which will fuel the regional curcumin industry.

UK curcumin market from pharmaceutical applications was worth more than USD 700,000 in 2015. Subject to its superior qualities and extensive applications, UK curcumin industry will witness a noticeable surge. With Germany and UK at the helm, Europe curcumin market will grow at a rate of 13% over 2016-2024.

Worldwide curcumin industry is rather fragmented and encompasses small and medium sized enterprises and large corporations, most of which have their presence in India. Renowned herbal skin care brands and cosmetics that incorporate this ingredient in their products include Shahnaz Husain, Vicco, and Himalaya Herbals. Biomax Life Sciences, Tri Rahardja PT, Helmigs Prima Sejahtera, Hindustan Mint & Agro Products, Konark Herbals & Health Care, Synthite Industries, SV Agrofood, Star Hi Herbs, Hebei Food Additive, Herboveda India, and Arjuna Natural Extracts. These companies focus on developing innovative products and bio-based curcumin alternatives.

Food safety testing market outlook: Rising food safety & security concerns to significantly influence the growth over 2016-2024

Increasing threats over food consumption have stimulated global food safety testing market and generated demand for effective test products that can ensure food safety. Food supply worldwide is facing a range of risks from environmental toxins, bacteria, and food allergens. Food safety testing industry size has been growing substantially, owing to the increasing threat of foodborne illness, and stringent food safety regulations. Moreover, expansion of import and export business of food supply across the globe is expected to further boost the demand for food safety testing market. According to Global Market Insights, Inc., “Food Safety Testing Market size worth USD 9 billion in 2015, is estimated to grow at a CAGR of 7% over the period of 2016-2024.”  The food safety testing industry growth will also be influenced by the expansion of global processed food industry which is anticipated to surpass USD 7 trillion by 2024.

U.S. Food Safety Testing Market size, by contaminants, 2013-2024 (USD Million)
U.S. Food Safety Testing Market size, by contaminants, 2013-2024 (USD Million)

The most common source for contamination of food is pathogens. These pathogens can cause various gastrointestinal disorders such as abdominal cramps, vomiting, diarrhea and nausea leading to increase in illness and death of around 2 million people every year. Growing food epidemic has mandated the laboratory testing for Salmonella, Listeria, E. Coli, Campylobacter types of pathogens, in turn making food pathogen testing market to be a major revenue pocket accounting for 30% of the global demand. Pesticide is another type of contaminant causing health disorders. The pesticide food safety testing market worth USD 800 million in 2015, will witness substantial growth, owing to regulatory norms in using of certified and organic pesticides.

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Contaminated food is a very serious issue which may result into demise. As per WHO’s statistical report in 2014, over 2.5 million people died due to diarrheal diseases. Moreover, U.S is facing an alarming rate of increase in foodborne illness resulting into nearly 5 thousand deaths and more than 325 thousand hospitalizations every year. This has generated the need to implement quality and safety checks, where consumers have the authority to trace their ready to eat meals, processed products, bakery, preserved & canned products. In this regard the EU and FDA have given conformities with consumers’ rights to track food through all production and distribution stages, in turn driving the food safety testing industry. In addition, major food regulatory bodies and authorities such as Good Hygiene Practices (GHP), Good Manufacturing Practices (GMP), Hazard Analysis Critical Control Point (HACCP), and Good Agricultural Practices (GAP) are extending extensive support in ensuring food authenticity, thereby, propelling the food safety testing market growth.

The food safety testing technology market has witnessed a noticeable shift towards rapid food safety testing technology market from the time consuming traditional food safety testing industry. Increase adoption in biosensors, ELISA, rapid culture detection, and PCR-based techniques are widely adopted technologies used to examine the count, metabolites, and type of micro-organisms.

The growth in food safety testing market is also poised to benefit from increasing consumption of meat, poultry, and dairy products. Unhygienic condition while skinning and handling animals in slaughter house is the key responsible factor favoring the meat and poultry food safety testing market. Similarly, dairy products can also get easily contaminated through infected animals. Regulatory bodies such as the FSIS and HACCP are taking major steps in preventing meat & poultry product contamination and implementing adequate pasteurization of dairy products stimulating the food safety testing industry share.

Europe food safety testing market valued over USD 2.5 billion in 2015, with U.K and Germany leading the regional demand. Increasing consumer awareness and stringent food safety regulations will boost the demand for Europe food safety testing market over the coming years. Asia Pacific food safety testing industry will emerge rapidly due to rising population, growing demand for food products, and increasing stringent regulations for food safety. China being the major export trade market is anticipated to witness annual growth rate of 11% over the period of 2016-2024.

The food safety testing market is consolidated with top three players sharing 45% of the overall business space. The key industry participants include Intertek, Bureau Veritas, SGS, Det Norske Veritas, Eurofins Laboratories, Idexx Laboratories, ALS Laboratory and Bio-Rad Laboratories.

Nutraceutical industry to primarily drive carotenoids market size over 2016-2024: Global revenue to surpass USD 300 million by 2024

Rampant application of carotenoids across food & beverages, cosmetics, pharmaceuticals, and animal feed industries has fueled carotenoids market size. According to Global Market Insights, Inc., “Global carotenoids market share is projected to surpass USD 300 million by 2024.” Heavy use of carotenoids in the nutraceutical industry, owing to its positive effect on immune & cardiovascular system are expected to boost the carotenoids industry trends over the coming years. Higher spending on medical & healthcare insurance services along with the growing life expectancy of aging population is further expected to stimulate the global industry size over the next few years. Carotenoids act as a main precursor for amino acids in animal feeds and possess anti-oxidative characteristics, further enhancing its demand across animal feed additives market.

 

U.S. Carotenoids Market size, by product, 2015 & 2024 (USD Million)
U.S. Carotenoids Market size, by product, 2015 & 2024 (USD Million)

Major carotenoids products comprise lycopene, beta-carotene, astaxanthin, lutein, and canthaxanthin. Beta-carotene industry size worth USD 40 million in 2015, is forecast to register an annual growth rate of 4% over the coming seven years. Heavy product demand can be attributed to its increasing usage as an essential ingredient in diets, to avoid ailments pertaining to the eyes, heart, and skin. Canthaxanthin, which contributed towards nearly 10% of the global carotenoids market share in 2015, is projected to witness a high surge over the next few years due to rising consumer preference for bakery items, snacks, breakfast cereals, fruits, and baby ingredients. Moreover, its extensive usage across cosmetics industry due to its anti-tanning properties will further stimulate the product demand over the coming years.

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Lutein is another major carotenoid product, forecast to witness a substantial growth in the near future. The growth will primarily be driven by its high demand across pharmaceuticals, food, dietary supplements, nutraceuticals, and animal feed applications. Lycopene industry worth USD 15 million in 2015, is expected to grow considerably over the next few years due to its high application in cosmetics and pharmaceuticals sectors.

Shifting focus of consumers towards natural products has pushed growth of natural carotenoids market. Natural carotenoids industry size is expected to register a CAGR of 4% over the period of 2016-2024. The other prominent extraction of carotenoids is from the synthetic sources. Synthetic carotenoids market dominated the source landscape with a market value of USD 190 million in 2015. Low production cost and easy availability of synthetic resources will boost its industry share over the forecast timeframe.

Carotenoids market size in food & beverage sector is anticipated to grow substantially over the forecast period, owing to its large-scale application as food additives globally. Animal feed sector, which accounted for nearly 30% of the overall carotenoids market share in terms of volume, is projected to grow considerably over the coming years. The growth can be credited to its high nutrient content and improved taste. Growing consumer preference towards healthy meat appearance is expected to boost the carotenoids industry growth.

LATAM carotenoids market is expected to witness a considerable growth over 2016-2024, owing to changing lifestyles, rise in per capita income, and high consumer awareness about the benefits of product use. Argentina, Peru, Brazil, and Chile are expected to be the key growth drivers of the region.

Europe carotenoids industry will witness a substantial surge over the coming years due to the rapidly expanding food sector along with heavy product use as food coloring agent. Russia, Germany, Italy, and France are likely to be the key revenue pockets of the region.

Middle East & Africa carotenoids market is projected to witness a significant growth over the next few years, owing to rise in the aging population as well as high demand for the product across health supplements sector.

Market players will try to enhance their share by adopting business strategies such as product differentiation and high R& D investments. Key carotenoids industry players include Cyanotech Corporation, Allied Biotech Corporation, Chr. Hansen, Divis Laboratories Limited, D.D. Williamson, and Naturex Company.

Europe gourmet salts market to witness fastest growth over 2017-2024, UK and Germany to drive the regional demand

The demand for gourmet salts market is witnessing a major upswing at a global level with the growing popularity of organic food and rising wave of westernization. Gourmet salts are naturally harvested and untreated sea salts that enhance the dressing of the food products and impart exotic flavor. Gourmet salt’s low sodium content coupled with high mineral presence will further fuel its demand over mineral salts. It is found that excessive intake of mineral salts leads to high prevalence of cardiovascular illness and hypertension. Globally, high blood pressure caused more than 7 million deaths in 2015, as per a report by Global Health Observatory (GHO). Moreover, the population aged above 25-year contributed for more than 40% of the high BP instances. A significant rise in consumer spending on food & beverages and gourmet food in luxury restaurants will further drive the gourmet salts industry share. As per report by Global Market Insights, Inc., Gourmet Salts Market stood at USD 1 billion in 2016 and is projected to exceed USD 1.5 billion by 2024. In terms of volume the gourmet salts industry is anticipated to surpass 120 kilo tons over the coming seven years.

Europe Gourmet Salts Market Size, By Product, 2016 & 2024 (USD Million)
Europe Gourmet Salts Market Size, By Product, 2016 & 2024 (USD Million)

Strong application potential of gourmet salts in meat, fish & poultry processing and preservation have provided significant impetus to the product demand. The global gourmet salts market from meat & poultry processing application witnessed high demand and is expected to surpass USD 500 million by 2024. Substantial rise in the consumption of meat, hams, fish, meatballs, and roasts in Asia Pacific will positively impact the regional gourmet salts industry growth. In 2015, APAC was the largest meat and processed meat consumer having accounted for over 65% of the global demand. China is a major contributor to this regional growth as an average Chinese person consumes about 60 kg of meat every year. In 2016, China gourmet salts industry generates revenue worth USD 50 million and is expected to attain significant gains over the coming timeframe of seven years.

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Gourmet salt comes in various product types such as Fleur De Sel, Sel gris, Indian pink salt, Himalayan salts, Italian salts, flake salts specialty gourmet salts, smoked salts, and others. Among these, Fleur De Sel finds wide application scope in vegetable dishes, salads, roasted meats, and seafood. This product also finds potential utilization in bakery products, owing to its high mineral content, moisture, and better solubility characteristics. In 2016’s gourmet salts market statistics, fleur de sel accounted for more than 35% of the overall industry share. Sel gris type of gourmet salt also has excellent moisture retention property as is thus widely used in healthier food recipes for seasoning of vegetables and meat. As per estimates, sel gris is likely to grow at an annual rate of 8% over 2017-2024.

European geriatric population covers approximately 24% of the overall regional demography and has thus significantly impacted the demand for nutritional food items and life expectancy products for the aging population. Accounting for more than 35% of overall gourmet salts market in 2016, Europe dominated the regional landscape. Germany and UK were the leading regions supporting the industry growth.

Prominent gourmet salts market players include Infosa, Maldon Crystal, San Francisco Saltsworks, Pyramid, Murray River, Devonshire, Amagansett, Alaska, and CargillMortan.

Plant-based waters market to witness an intensely competitive landscape, coconut water to be a major contender in the product spectrum

Plant-based waters market valuation is poised to witness a commendable surge in the years ahead, driven by the paradigm shift in the lifestyles of the global population. With the depreciating usage of carbonated drinks pertaining to the risk factors associated with them, the plant-based waters industry has witnessed a tremendous demand over the recent years. As per the estimates, the global valuation of the Plant-Based Waters Market in 2016 was approximately USD 2.5 billion. These low-calorie drinks derived from the plants are deemed to address the numerous health concerns of the consumers such as obesity, diabetes, cardiac ailments, etc. Driven by the associated health benefits, the plant-based beverages have witnessed an appreciable degree of adoption and have served as a sustainable alternative to the routine drinks.

U.S. Plant-based Waters Market Size, By Product, 2013 – 2024 (USD Billion)
U.S. Plant-based Waters Market Size, By Product, 2013 - 2024 (USD Billion)

The coconut water amasses the major chunk of the plant-based waters market pertaining to the volume as well as the revenue. As per the estimates, this segment dominated the overall plant-based waters product landscape in 2016 and is slated to register phenomenal growth over the coming timeframe. The prospective commercialization of the coconut water market is quite evident from the active participation by the industry players to exploit this business space. Earlier this year, one such instance demonstrating the massive potential of this industry was the announcement by PepsiCo, where it declared its plan to acquire All Market Inc., the owner of coconut water brand dubbed Vita Coco. The deal would leverage PepsiCo with a strong position in the overall plant-based waters industry.

This acquisition would also establish a strong battleground for the two world’s biggest soda companies – PepsiCo and The Coca-Cola Company. The latter had acquired Zico coconut water brand in 2013 and has a rather strong foothold in the overall plant-based waters market. However, if the deal of PepsiCo acquiring All Market Inc. materializes, the overall plant-based waters market would witness a fiercely competitive landscape in the years ahead.

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Asia Pacific is gaining a major traction pertaining to the commercialization of the plant-based waters market. The market participants are vigorously exploiting the APAC belt to explore the plethora of untapped opportunities in this region. The region is one of the top repositories of coconut, which still falls in the unbranded and unorganized category.

However, in addition to the regional penetration, the distribution network of the industry players will also be a major parameter defining their profitability margins. Along these lines, the online distribution channels are witnessing a swift growth in this business space, owing to the easy product availability and enhanced marketing approach of these channels. The players are increasing their tie-ups with these online platforms to enable an effective distribution model. The retail stores are the second largest distribution channels and are estimated to register the highest CAGR of 23% over the period of 2017-2024. The diversified product landscape of the plant-based waters industry will drive the retail distribution channel adoption in the coming timeframe.

Speaking of the broader product portfolio, the plant-based waters industry is also gaining a remarkable share from the rising sales of Birch and Maple water. These products are still in the nascent stage but the pace at which they are penetrating the U.S. and U.K. markets is indeed appreciable. North America plant-based waters market is projected to witness significant gains from the increasing sales of maple water and the increasing packaged water consumption. Birch, having an ample availability in Europe, will substantially drive the regional plant-based waters industry.

The industry might face growth restraints pertaining to the shorter shelf life and the complex supply chain model of the relevant products. However, the innovations in the packaging industry are addressing these durability issues at a rather quick pace.

In the years ahead, the industry is estimated to witness a broader product portfolio with the incorporation of new flavors. Global penetration, brand recognition, and effective distribution channels are some of the major parameters characterizing the profitability landscape. With this diversified product spectrum and a plethora of potential untapped opportunities, the global plant-based waters market is forecast to exceed a valuation of USD 10 billion by 2024.

APAC biostimulants industry to observe a massive surge over 2017-2024, Global revenue to surpass USD 4 billion by 2024

An intense need to practice sustainable methods of farming to increase the crop yield for rapidly rising population will stimulate Biostimulants Market size over the coming years. According to the UN reports, the total food production needs to be raised by 50% by the end of 2024, to fulfill the demand of the global population, which is anticipated to hit 9.2 billion by 2050. Favorable government legislations encouraging the usage of biological agrochemicals in farming activities along with the growing consumer trend towards organic food consumption will beneficially leverage the business scope. As per Global Market Insights, Inc.,” Biostimulants industry value, which was estimated at USD 1.5 billion in 2016, is projected to surpass USD 4 billion by 2024.

Europe Biostimulants Market Size, By Crop, 2016-2024 (USD Million)
Europe Biostimulants Market Size, By Crop, 2016-2024 (USD Million)

Biostimulants are extensively used in seed treatment, foliar treatment, and soil treatment. Foliar treatment applications, which produced an income of more than USD 1.4 million for biostimulants market in 2016, are anticipated to register an annual growth of more than 10% over 2017-2024. Large-scale use of microorganisms in organic farming and the introduction of new farming techniques in agriculture to raise the crop production is expected to impel the industry revenue.

Biostimulants market share from soil treatment application is expected to exceed USD 400 million by 2024, subject to the product use to improve the soil texture and enhance the plant growth.

Taking into consideration the topographical trends, Asia Pacific biostimulants industry is anticipated to record a CAGR of more than 12.5% over the coming seven years, owing to the mounting need for improving the fertility of soil to fulfill the rising food demand. Promotion of ecofriendly agricultural activities by the regional governments will further contribute towards the revenue.  India and China are expected to drive the regional growth.

MEA biostimulants market is projected to hit a revenue of USD 155 million by 2024, driven by the rise in non-traditional crop production for export in Europe and the U.S. Egypt, Saudi Arabia, and Tunisia are predicted to be the major regional revenue contributors.

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Europe industry, which contributed more than 36% towards the global biostimulants industry share in 2016, is forecast to make notable contributions towards the industry size in the future. High consumer demand for organic agro-based products coupled with strict norms addressing issues related to food safety will propel the growth.

Biostimulants are available in liquid and dry forms. Dry biostimulants market which generated a revenue of USD 1 billion in 2016 is expected to drive biostimulants market size over the coming years. Product’s capability to promote cell multiplication, improve respiration process in plants, delay plant aging, and make the process of photosynthesis faster will fuel the industry trends.

Liquid formulations which were valued at over USD 1.2 billion in 2016, are projected to grow at a CAGR of 12% over the coming seven years. Elongated shelf life and low cost of production will boost the product demand.

Based on active ingredients, biostimulants market is classified into extract based and acid based ingredients. Extract based ingredients, which contributed more than USD 550 million towards biostimulants industry size in 2016, are forecast to grow at a cumulative rate of 10.5% over the period of 2017-2024. Product’s ability to improve abiotic & biotic tension tolerance as well as enhance the growth of roots and seeds is expected to push the revenue.

Acid based ingredients are expected to contribute more than USD 2 billion towards biostimulants industry revenue by 2024, subject to easy availability of raw materials such as organic wastes and humic materials at lower costs.

Biostimulants are majorly used in the production of row and turf & ornamental crops. Turf and ornamental crops covered 11% of the overall industry and is anticipated to witness substantial gains over the coming timeframe. Rising consumer expenditure on leisure activities such as gardening, golf, turf sports, and nurseries will contribute remarkably towards the profits.

Row crops are foreseen to produce a revenue of greater than USD 2 billion by 2024.The revenue growth can be attributed to high food grain & oilseed production. The ability of biostimulants to improve crop protection at times of drought will further push the demand.

Market participants will adopt key growth strategies such as joint ventures, mergers & acquisitions, regional expansion, and strategic alliances to gain a competitive advantage in the global industry space. Artal Agronutrients, Ag Concepts, Cairochem, Valagro, Mahafeed Specialty Fertilizers Private Limited, Micromix Plant Health Limited, Lallemand Incorporation, Agrinos Incorporation, Evergrow, Agricultural Sciences Incorporation, and Seipasa S.A. are the key players of biostimulants industry.

U.S. food phosphate market to accrue lucrative revenue via meat and seafood processing applications over 2016-2024

Shifting consumer trends toward healthy diet consumption coupled with rise in the demand for protein enriched food will fuel Food Phosphate Market development. Rise in the food phosphate production as a result of escalating demand for food across countries such as India, Germany, China, France, and the U.S. will create a huge growth potential for the business. This growth can be attributed to the rising product usage as an emulsifier, sequestering & leavening agent, and acidity regulator across various sectors such as food & beverages, bakery items, dairy items, and meat & seafood processing. Global Market Insights, Inc., reports that food phosphate industry is forecast to hit a revenue of USD 2.4 billion by 2024, registering a CAGR of 6% during the period of 2016-2024.

Europe Food Phosphate Market Size, By Application, 2015 & 2024 ($ Mn)
Europe Food Phosphate Market Size, By Application, 2015 & 2024 ($ Mn)

U.S. poultry meat sector was more than 15 million tons in 2015, and is expected to reach nearly 20 million tons by 2024, driven by the growing consumer awareness regarding protein rich diet and the rising popularity of canned food, which in turn will contribute to the growth of food phosphate industry over the span of few years.

Considering the regional landscape, Asia Pacific food phosphate industry is slated to record substantial gains of 4.5% during the period from 2016 to 2024. Mounting preference for bakery and dairy items as a result of high standards of living along with elevated demand for healthy food will propel the regional growth. China, Japan, and India are projected to be the key regional revenue contributors.

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India food phosphate market revenue in the dairy sector is predicted to grow at a rate of 4% over the coming timeframe with cheese processing applications contributing substantially towards the industry share. Sodium based food phosphate industry in China is anticipated to hit USD 100 million by 2024, driven by its wide usage in processed as well as baked foods.

LATAM food phosphate industry is slated to record a CAGR of 3.5% over the coming seven years subject to the thriving meat processing sector along with an increase in the number of livestock farming activities. Brazil and Mexico are the key regional revenue pockets.

Europe food phosphate market is projected to experience moderate growth over the years to come, owing to rising customer demand for nutritious food coupled with the huge presence of retail channels. Germany, Italy, France, and the UK are likely to drive the regional share.

Germany food phosphate industry across the meat processing sector is foreseen to accrue a revenue of more than USD 55 million by 2024. Flourishing dairy and seafood processing sectors across the country are likely to drive the regional growth.

Food phosphate industry size from the dairy sector will grow at a rate of 3.5% over the coming timeframe, driven by its use as an emulsifier in various dairy items such as puddings, cheese cakes, ice creams, and milk based drinks. Bakery applications are expected to hit the revenue margin of USD 450 million by 2024, driven by rise in the per capita income of the consumers along with large-scale consumption of bakery items such as pizza, doughnuts, pastries, and cakes.

Food phosphate market share in meat & seafood processing sector is predicted to record a CAGR of 4% over 2016-2024, owing to burgeoning protein demand from the consumers coupled with an increase in the preference for the canned food as a result of hectic lifestyles. It is also expected to accrue revenue of more than USD 1 billion by 2024, owing to the usage of the product for improving the texture & flavor of stored seafood.

Sodium phosphate, ammonium phosphate, potassium phosphate, phosphoric acid, and calcium phosphate are some of the key food phosphate products. Potassium based food phosphate industry is predicted to grow at an annual rate of 3.5% over the coming seven years. Extensive product usage in canned fish, soft drinks, and processed meat will boost the revenue.

Calcium based food phosphate industry value is projected to reach USD 400 million by 2024, due to the high product usage in bakery and dairy items along with the rising preference for nutritious food. Phosphoric acid, which is widely utilized in the preparation of artificial fruit juices, is expected to make lucrative contributions towards food phosphate market revenue.

Sodium based food phosphate industry value will cross the revenue mark of USD 850 million by 2024, driven by high product application in commercial bakery items, meat, and canned soups along with rising demand for nutritive supplements.

Market participants will try to increase their consumer base by engaging in strategic collaborations, joint ventures, partnerships, and new product launches.  Aditya Birla Group, Saminchem Incorporation, Haifa Chemicals Limited, Fosfa A.S., Nutriscience Innovations, Brewcraft, Sulux Phosphates Limited, FBC Industries Incorporation, Sichuan Zhituo Biochem Technology Industry Company Limited, The Potash Corporation, and ChemSol LLC are the key players of food phosphate industry.

Animal feed organic trace minerals market to witness lucrative growth with rising global meat consumption, Asia Pacific to witness highest gains.

 Animal Feed Organic Trace Minerals Market demand is depicting a rapid expansion rate as these minerals are used in animal feeds to enhance bioavailability and increase the gut absorption. The organic trace minerals assist in activating essential enzymes and hormones which proves vital for livestock’s metabolic processes. Rising consumption of meat, poultry, and dairy products has given a considerable push to the global animal feed organic trace minerals market size. As per statistics, globally, 75 pounds of meat is consumed per person on an annual basis. Animal feed organic trace minerals industry is likely to garner profits from escalating meat production demand in India, China, and South Asia. Australia is consuming highest meat of about 198.87 lb/per capita, trailed by the U.S. and Argentina. As per a report by Global Market Insights, Inc., animal feed organic trace minerals market is expected to record a CAGR of 6.5% over the period of 2017-2024.

Europe Animal Feed Organic Trace Minerals Market Size, By Mineral, ($Mn), 2016 & 2024
Europe Animal Feed Organic Trace Minerals Market Size, By Mineral, ($Mn), 2016 & 2024

Europe dominates the overall animal feed organic trace minerals market with a target revenue of USD 280 million by 2024. The meat production demand, owing to increasing consumption of protein food is expected to favor the regional market growth. Asia pacific animal feed organic trace minerals market is anticipated to observe highest gains of 7.5% between 2017-2024, led by the emerging economies such as India and China. This region is also one of the largest consumers of meat and accounted for 65% of overall animal feed organic trace minerals industry share in 2015. As per sources, an average Chinese person ingests 60 kg of meat every year. The ever-evolving Chinese population obtain 10% of calories from animal products such as eggs, meat, and dairy products. This has resulted into a greater demand for animal feed organic trace minerals market. Rising awareness toward ruminant health has led to a surge in adopting organic animal feed. The overall ruminant market is projected to account over USD 300 million by 2024. The growth of the regional animal feed additives market is also worth noticing, which is supported by strong economic outlook and rapid urbanization.

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Based on type of minerals, animal feed organic trace minerals industry is segmented into iron, copper, zinc, and manganese. These minerals serve as vital ingredients in livestock fodder which helps in improving the immunity, lactation, reproduction, and strength in animals. Iron is one of the important micronutrient minerals which aids digestion in ruminants. Iron accounted for 17% of the overall animal feed organic trace minerals industry in 2016 and is followed by zinc, which collected USD 230 million in 2016.

These organic minerals when fed to the livestock, helps in improving the overall health of the animal and helps in making meat more nutritious. High product consumption in ruminants has stimulated animal feed organic trace minerals market to chart a lucrative growth in the coming years, as ruminant’s account for a chunk of the overall industry share. The poultry market is also witnessing heavy demand, owing to increasing domestic meat consumption, particularly in Vietnam Japan, Cuba, South Africa, UAE and Saudi Arabia. The global animal feed organic trace minerals market from poultry is set to register a CAGR of 7% over the period of 2016-2024.

This industry is administered by several regulatory bodies with strict standards pertaining to the product usage. The minerals and micronutrient elements used in livestock fodder compulsorily needs to undergo a stringent approval standard & process test set by the EU, FDA, and EFSA. U.S. has witnessed a substantial rise in animal feed organic trace minerals market, owing to such strict environmental regulations imposed by the governments.

Prominent animal feed organic trace minerals industry players include ADM, Royal DSM, Novus International Pancosma, Biochem, Tanke Biosciences Corp., QualiTech Corp, and Kemin Industries Limited.

North America food pathogen testing market to witness substantial gains over 2017-2024, a stringent regulatory framework to stimulate product demand

Food pathogen testing market has now evolved into one of those fraternities that mandatorily demands an excessive requirement for sanitation at every stage of production, thereby necessitating the requirement for highly efficient pathogen removal processes. Pathogen testing tools are quite prominently used across the food product manufacturing sectors – right from the pre-process of raw material testing to the manufacturing of the end-product. The evolution of pathogen testing methods has delivered multiple benefits to the food vertical, which would undeniably impel food pathogen testing industry size. Given that the prevalence of health risks associated with contaminated products may impact negatively on the business, food manufacturers have been taking utmost precautions to deploy efficient pathogen testing methodologies during production, thereby carving out a positive growth path for food pathogen testing market in the years ahead. For the record, estimates claim food pathogen testing industry to have held a revenue of USD 3 billion in 2016.

U.S. Food Pathogen Testing Market, By Contaminant, 2013-2024, (Million tests)
U.S. Food Pathogen Testing Market, By Contaminant, 2013-2024, (Million tests)

The emergence of new technologies in food pathogen testing market has pushed the conventional pathogen test methods to next level. Considering the benefits of technological interventions, these advanced methods are being instantly accepted across the food and beverages industry. In North America, for instance, F&B sector behemoths have been giving high preference to pathogen testing methods pertaining to the growing use of genetically modified organisms and high medical expenses. This may perhaps be one of the key factors augmenting North America food pathogen testing industry size, which, as per a report compiled by Global Market Insights, Inc., will collect a revenue of more than USD 2 billion by the end of 2024.

Apart from the recent advancements prevalent in food pathogen detection, it has been observed that there are myriad opportunities and challenges to enhance the already existing technology in this business. Many players in food pathogen testing market though, prefer looking out for newer techniques and biosensors for food pathogen detection. Client partnerships with pathogen testing service providers are commonplace in food pathogen testing industry, to avoid product contamination. For instance, SGS, a leading verification, inspection, certification, and testing company plans to provide its services to the pet-food manufacturers in United States and Canada with regards to Salmonella contamination, to prevent health risks in pets. For the record though, in 2016, food pathogen testing industry size from salmonella contamination was valued at USD 1.2 billion. This may be attributed to the increase in the number of food borne diseases, subject to the presence of Salmonella in food products.  Similar to SGS, many other prominent players in food pathogen testing market such as Bureau Veritas, SGS, Eurofins Scientific, RapidBio Systems, Inc.™, Intertek, Lloyd’s Register Quality Assurance, Inc., Det Norske Veritas, Genon Laboratories Ltd., and Microbac Laboratories have been observed to undertake efforts with regards to innovating novel pathogen testing methods.

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Taking into account the risks associated with foodborne diseases, the regulatory bodies of various countries have been enforcing strict norms to mandate the deployment of pathogen testing methods. In the U.S., Food and Drug Administration has formed the Food Safety Modernization Act (FSMA) to enhance the food safety system for public health protection. With the FSMA, FDA has also been able to collaborate with other domestic as well as foreign government agencies to build integrated food safety systems, which will prompt other governmental bodies to adopt food pathogen testing techniques, inherently propelling food pathogen testing market.

The governmental bodies across the Asia Pacific are strongly focusing on extensive research and development activities, owing to the rapid growth of the chemical and food processing sectors in the region. In addition, food pathogen testing industry players, having established their bases in the APAC belt, have also been striving to expand their reach across the frontiers and strengthen their customer pool. Recently, for example, Thermo Fisher Scientific Inc. acquired a leading contract development and manufacturing company, Patheon N.V., which has helped the former expand its customer base across the biotechnology and pharmaceutical sectors. These growth strategies are evidence enough to prove food pathogen testing market is likely to carve out a lucrative growth path in the years ahead.

Organic ice cream market to cross the billion-dollar benchmark by 2024, U.S. and China to be key revenue pockets

Organic ice cream market has recently gained a renewed traction with the latest buzz created by the Japanese scientists with regards to introducing the ice cream that “doesn’t melt”. As per sources, this ice cream can retain its original shape and taste even at a temperature of 28°C (82.4 F). In the making of this product, the Japanese scientists used a natural strawberry extract called polyphenol liquid that stops the water and oil from separating quickly, which enables the ice-creams to stay frozen. This ice-cream with all-natural extract was introduced to the people in Kanazawa, and then in Osaka and Tokyo, which in turn has propelled the regional organic ice-cream industry growth. This example sheds light on the fact that the companies operating in organic ice cream market, need to be innovative with their ingredients and flavors to uphold their sales in the fiercely competitive landscape.

U.S. Organic Ice Cream Market Size, By Product, 2016-2024 (Kilo Tons)
U.S. Organic Ice Cream Market Size, By Product, 2016-2024 (Kilo Tons)

Rising health consciousness among the consumers has created higher demand for natural low-fat or fat-free ice creams that has indeed secured lucrative avenues for organic ice cream market. In 2016, the global ice cream spending, was recorded worth USD 55 billion and ice cream consumption surpassed 23 billion liters. U.S. and China represented the major regions in the organic ice cream market with the largest consumer base and the trend is likely to continue with both these regions foreseen to be major stakeholders in this fraternity. Sweden, Australia, Italy, New Zealand, U.S., and Denmark are the major countries consuming the highest per capita/liter of ice cream.

The trend of maximizing the nutritional credentials in ice cream by increasing the content of organic ingredients, has significantly driven organic ice cream industry share. Moreover, various advancements in the field of cold chain infrastructure, storage facilities, and refrigerated transport systems have fostered the growing trend of low fat and organic ice creams across the globe. Valued at USD 850 million in 2016, Organic Ice Cream Market is further expected to reach USD 1.2 billion by 2024. Global Market Insights, Inc., also predicts the organic ice cream consumption to go beyond 245 kilotons by 2024.

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In this to-be billion-dollar industry, vanilla continues to be the flavor of choice in both, take home and artisanal ice cream product types. This flavor is the most versatile and exhibits profound blending with bakery desserts, drinks, and toppings. Consumers demand for vanilla ice creams has risen, owing to its all-natural and pure ingredients. Basically, organic ice-cream is made up of concentrated flavor of organic ingredients such as organic cream, organic milk, low/whole milk, and organic egg yolks, which is mixed with stabilizers, flavors, emulsifiers, and sweetening agents. In 2016, vanilla organic ice cream market accounted for more than 29% of the total demand. Growing demand from families for multi-serving desserts in gatherings and special occasions have augmented the demand for take home ice-cream products. Having contributed to over 50% of the organic ice cream industry share in 2016, take home is likely to dominate the overall product demand.

Organic chocolate flavor is also gaining popularity, on account of rising consumer awareness toward health benefits of natural cocoa. Moreover, the proven benefits of dark chocolate in preventing cardiac diseases and improving the skin texture have profoundly attracted consumers to pick organic chocolate flavors in their ice cream scoops. Butter pecan, strawberry, mint chocolate, and black raspberry are among the other key flavors contributing to organic ice cream market revenue.

Growth Strategies | Nestlé simplifies its ingredients as consumer demands for organic products

Nestlé has featured a new ice cream recipe branded as Slow Churned Simple Recipes, where they have reduced from average of 22 ingredients to mere 7 to 8 ingredients. It has also removed all the artificial colors, flavors, high fructose, corn syrup, and GMO ingredients to enhance its nutritional value. In addition to this, it is using fresh milk from cows not treated with rBST. The roll-out of the new product had begun in 2016 and has substantially influenced the organic ice cream industry. Weight Watchers International, Blue Bell, Dean Foods, So Delicious Dairy Free, Mikawaya, Lotte Confectionary, Unilever, and Amul are key organic ice cream market players. These companies are highly seen responding to shifting consumer trends toward natural and nutritious ice cream flavors and are also offering a wide range of premium products in innovative flavors. With consumers persistently appreciating the value of simple and organic ingredients particularly in the F&B sector, it is certain for organic ice cream market to chart a profitable roadmap over the years ahead.