Food & Beverage

The global bakery premixes market is anticipated to grow at a considerable CAGR of 8.5% during the forecast period. Rising health consciousness among people is one of the major factors driving the demand for gluten free products including bakery premixes. Gluten-free Bakery Premix are applied to a number of food products such as breads muffins, cakes and many other and tend to minimize the risk of conditions such as obesity, various types of cancer, heart diseases and certain metabolic syndromes. Gluten-free premixes contain very small or no amount of wheat flour and are increasingly being favoured by consumers due to change in consumer perception towards customized and healthy gluten-free bakery products. Hence, rising health consciousness coupled up with prevalence of various diseases are major contributors to the global bakery premixes market. Manufacturers in the industry are trying to meet requirements of the consumers by introducing better-tasting and gluten-free ... Continue reading →

 The global citrus extract market is anticipated to grow at a considerable CAGR of 5.0% during the forecast period. New product launches with innovative flavors coupled with consumers’ inclination towards health and wellness are some major factors driving the growth of citrus extract. Citrus-based flavors are increasingly becoming top consumer taste preferences and are driving market-leading innovation, especially among beverage industry producers. The growing innovation of ingredients and flavors among a wide variety of beverages such as soft drinks, sparkling water, fruit beverages, functional beverages, and sports beverages are adding to the market growth of citrus extract. Consumers especially millennials are adopting new eating habits and are looking for beverages with innovative flavors such as Lime, Kumquat, Orange, Yuzu, and Zesty lime. Apart from a wide variety of flavors fruit flavors like lemon and orange are the most proffered flavors among consumers. ... Continue reading →

The global crop micronutrients market is anticipated to grow at a significant CAGR during the forecast period. Crop micronutrients are termed as the key nutrients essential for the plant’s growth and other metabolic activities. These micronutrients play a pivotal role in enhancing the taste, color, and quality of crops as well as efficiency of fertilizers, water use, disease resistance, and others. They also support the development of large as well as strong roots, encourage better plant immunity, and support build complete proteins and compounds. All these advantages offered by the crop micronutrients are likely to drive their growth during the forecast period. Other major factors that are likely to drive the growth of the market include the growth in micronutrient deficiencies in the soil and growing awareness about food security. Further, rising awareness among growers regarding the benefits of micronutrients and shrinkage of agricultural land coupled with the effectiveness ... Continue reading →

The market for Feed Mycotoxin Detoxifiers Modifier is anticipated to grow at a significant CAGR during the forecast period. Mycotoxins are tiny secondary metabolites (a collection of natural compounds) produced by moulds that can induce harmful effects in people and animals, known as mycotoxicoses. Due to their pharmacological actions, several mycotoxins are utilised in growth promoters, antibiotics, and other types of medications. Mycotoxin is a big concern as a feed contaminant that might be removed by detoxifiers. The growth of the global feed mycotoxin detoxifiers market is being driven by a rising focus on animal health, improving the quality of animal feeds, increasing demand for hygiene animal product and safety, increasing awareness among farmers for the advantages of mycotoxin detoxifiers as feed additives in livestock production, and an enhancing livestock industry globally. Furthermore, continuous feed safety concerns due to mycotoxin presence, growing focus on livestock ... Continue reading →

The global gluten-free foods and beverages market is estimated to grow at a CAGR of nearly 8.4% during the forecast period. With the growing prevalence of celiac diseases and increasing preference of adults towards gluten-free diets, there is an increasing focus of market players towards ingredients usage in their products to deliver proper health benefits to the consumers. As a result, the market players are focusing on strategic initiatives such as product launches and mergers and acquisitions, to gain competitiveness in the market. Mergers and acquisitions can support the manufacturers of gluten-free foods and beverages to increase their product portfolio with some renowned brands and further accelerate its innovative capabilities in the market. Some key mergers and acquisitions in the market include- In January 2020, Quinoa Corp., the parent company of Ancient Harvest, acquired Pamela’s brand. This acquisition will strengthen the ability of the company to expand ... Continue reading →

Starch Derivatives Market is projected to grow at a significant CAGR during the forecast period. The key factors that drive the market growth include a wide range of applications in which starch is used such as food & beverage, feed, paper industry, pharmaceutical industry, cosmetics, plastic, and others. Rising extensive use of natural ingredients across these industries is encouraging the use of starch derivatives and thereby enhancing the market growth during the forecast period.  Further, the extensive use of starch derivatives in making biodegradable plastics for vehicle manufacturing is also spurring market growth. It is a cost-effective alternative to plastic as it is a lightweight component, which increases the overall efficiency of the vehicle. The conventional plastic is non-degradable and increases the production of carbon dioxide. As a result, the use of bio-plastic or biodegradable plastic is increasing since these are renewable resources and significantly ... Continue reading →

Stevia Market  is anticipated to grow at a considerable CAGR of 9.4% during the forecast period. The beverage industry in the US is flourishing, owing to a strong export and import sector, a big client base, and rising affordability. Soft drink sales represent one of the fastest-growing categories of the beverage market in the US. According to the Beverage Digest, carbonated soft drink sales accounted for $2.9 billion of the nation's $146 billion beverage market in 2019.  Coca-Cola Zero Sugar was declared the fastest growing soft drink in the survey, with an 11.5% increase in retail value and an 8% increase in volume. Rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market. For instance, in November 2018, Cargill Inc announced a partnership with Royal DSM to produce highly sought-after sweet-tasting molecules such as steviol glycosides Reb M and Reb D through fermentation, providing food and ... Continue reading →

Squalene Market is anticipated to grow at a considerable CAGR of 9.1% during the forecast period. According to Cosmetic Info, squalene is found in large quantities in shark liver oil, and in smaller amounts in olive oil, wheat germ oil, rice bran oil, yeast, and in various other foodstuffs. It is the principal hydrocarbon of human surface lipids. It constitutes up to 11.0% of total surface fat and approximately 5.0% of adult skin surface sebum. In higher vertebrates and humans, it is a precursor of cholesterol. According to Cosmetic Europe, the personal care association, cosmetics, and personal care industry was valued at $94.4 billion at retail sales price in 2021.   Moreover, according to the same source, squalene act as a lubricating skin conditioning agent, which gives the skin a soft, smooth appearance, as well as a hair conditioning agent. According to the 2020 US Food and Drug Administration (FDA) Voluntary Cosmetic Registration Program (VCRP) database, squalene and ... Continue reading →

The global tofu market is anticipated to grow significantly at a CAGR of 8.8% over the forecast period. Tofu has gained high popularity as an ingredient in many end-use applications due to its usage as an alternative for other milk products. Rapidly rising people's concern regarding animal welfare, personal health, and sustainability is driving a shift in consumer interest from animal to plant-based products. Animal-derived protein consumption is associated with high cholesterol, fat, and calorie levels, which increase the risk of cardiac disease, high blood sugar levels, and obesity; thus, people are inclined toward vegan protein sources. Such factors have considerably increased the pace of the tofu market's expansion. Furthermore, the young consumers are opting for an alternative to red meat, however they are not ready to give up protein; thus, they are switching to plant-based protein products, such as tofu and others, which is boosting the key market players to ... Continue reading →

Turmeric Formulas Market is expected to grow at a significant CAGR during the forecast period. The key factor propelling the growth of the global turmeric formulas market includes growing customer inclination towards herbal-based products and rising awareness about benefits of ayurvedic products among population.  Turmeric formula consists of coarsely powdered turmeric (with not less than 90% of curcuminoids) and Trikatu. Trikatu is the pipperine that is present in black pepper and long pepper and intended for the improved absorption of curcuminoids in the body. Turmeric formulas are intended to support essential blood and liver functions, healthy inflammation response, have antiviral properties, overall wellbeing radiant skin, and improves digestion. The active component of turmeric is curcumin which is a diferulolylmethane molecule. The molecule is also intended for the supportive care of clinical conditions such as proteinuria, breast cancer, non-small cell lung cancer ... Continue reading →