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Global Market Insights, Inc. has added a new report on Matcha Market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of market in tandem with its competitive terrain.

Matcha Market will exceed USD 4.5 Billion by 2024; according to a new research report. Growing health awareness and consumer inclination towards organic products would drive global Matcha Market. For producing matcha, tea leaves are shade grown & unfermented in order increase chlorophyll content, amino acids to cure high blood pressure, and obesity. It is incorporated in food and beverages to increase their nutritional content as well as to innovate new products.

Product demand from food application would surpass over USD 480 million by 2024. It is widely used in bakery and confectionery products including cookies, cakes, chocolates, ice-creams, and dietary supplements owing to its unique taste & flavor. Presence of epigallocatechin gallate in the product helps to boost metabolism, detoxifies body, elevates consciousness by calming the entire body system and provides essential vitamins & minerals hence, propelling market demand.

Organic Matcha green tea powder is stone ground and undergoes an extensive preparation process. It involves harvesting while the leaves are still young, then drying through either pan-fried Chinese method or steaming using Japanese technique. Tea leaves are then grounded consuming the entire leaf thus providing a stimulating effect. It can be mixed with lattes and smoothies thus boosting product growth.

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Global market share is highly competitive and moderately fragmented with key industry participants including ITO EN, Aoi Tea Company, Encha, Vivid Vitality, AIYA, and Ippodo Tea. Companies are investing heavily in R&D activities to develop new products, capture higher market share and retain their existing consumer base.

Manufacturers are expanding their regional presence in Japan and China to make sourcing easy for raw material. Companies are launching campaigns to get consumer engagement in their product by organizing workshops and seminars for its health benefits. Recently Starbucks launched new beverages incorporating it to increase their nutrient content. Kwality Walls has launched matcha ice-creams to cater demands of health-conscious consumers.

Matcha tea powder is cultivated in China and Japan. It is made through shade grown tea leaves containing vitamins, EGCG, and essential nutrients to keep mind alert, calm, and boosts metabolism. It comprises of unique, potent class of antioxidant identified as catechins. The product demand is driven mainly for its health benefits of flushing out toxins from body. The product is expensive due to its production process. Stringent government regulation, premium hand plucking process, and large-scale grinding process contributes in making it a premium product.

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Global Matcha Market share is highly competitive and fragmented with key manufacturers including ITO EN, AIYA, Aoi Tea Company, Vivid Vitality, Ippodo Tea and Encha. Companies focus on expanding their marketing network by developing channel strategies through partnership, mergers & acquisition. Growing investment in R&D by companies for product development also strengthens market penetrability. High technological innovation in product & manufacturing technology should propel industry size.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making.

These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Global Market Insights, Inc. provides a detailed overview of Gourmet Salts Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Growing consumer spending on food & beverages due to switching lifestyles will drive the industry requirement. The global food & beverage industry will surpass USD 9.5 trillion by 2024 growing at over 3.4%. Rising product consumption in dressing and seasoning of foods will further support the product scope. High preservation and moisture-retaining property have resulted in increasing demands in seafood & meat processing to increase the shelf-life. Global per capita fish consumption reached 20.5 kg per capita, with an annual growth of around 1% in 2016.

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Gourmet Salts Market size is predicted to surpass USD 1.5 billion by 2024; according to a new research report by Global Market Insights, Inc. Possible outlook in culinary & preserving applications along with increasing adoption of gourmet food in luxury restaurants globally will propel the gourmet salts market size. Enhancing taste, flavor, and aroma in foods are the key properties in stimulating industry growth.

Increasing consumer health awareness along with shifting preference for low sodium saline are the key factors driving the gourmet salts market growth. High product usage for curing in beauty centers & spas for personal care treatments enhanced product demand. Rising health issues including hypertension, cardiovascular diseases, and high blood pressure will fuel product penetration. Fleur de sel holds 35% of the overall gourmet salts market share. Strong outlook in roasted meats, vegetable dishes and salads will support the product demand. High magnesium chloride and calcium content present it beneficial for human consumption. High moisture absorption enhancing flavors to the taste buds will drive the demand.

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High availability of the gourmet salts variations including 84 distinct types of metal, elements and minerals enhanced the product demand. Expensive prices along with lack of product awareness are the major restraints of the gourmet salts market growth.

Meat & poultry demand is anticipated to worth around USD 510 million by 2024. Changing lifestyle and improved preservation technology in processed meat, fish and poultry will fuel the product demand. Rising demand as a prophylaxis for canned meats, hams, roasts, meatballs, and fish, enhances the gourmet salts market growth.

Bakery & confectionary market will witness over 8.5% CAGR up to 2024. High product acceptance owing to its superior properties including enhanced food taste, distinct flavor, appearance, color, and aroma will drive revenue growth.

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Europe, led by UK and Germany gourmet salts market is the fastest-growing region, estimated to value over USD 724 million by 2024. Rising demand for processed food particularly in Italy, Spain, Germany, and France will drive the regional industry growth.

Asia Pacific gourmet salt market, dominated by China is expected to witness growth over 7.5% up to 2024. Growing health awareness, increasing disposable income along with surging demand for processed food will support the industry demand.

The U.S. Gourmet Salts Market was valued more than USD 217 million in 2016. Improved standard of living coupled with increasing commercialization in the food industry though several promotions are the driving factors of the industry growth. Increasing consumer awareness about product benefits accompanied by an increase in the food & beverage industry will propel the product demand.

Key industry players in the gourmet salts market are Cargill, Morton, CK Life Sciences, Amagansett, Dominion, Irish Atlantic, Devonshire, Alaska Pure, Cargill, Murray, Marblehead, Infosa and Marblehead.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making.

These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Global Market Insights, Inc. has launched a report on Frozen Bakery Additives Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.

Frozen Bakery Additives Market size is set to surpass USD 2.30 billion by 2025; according to a new research report by Global Market Insights, Inc. Shifting consumer preference towards gluten free, low calories and less carbohydrates products are anticipated to fuel frozen bakery additives market size. These products enhance structural composition along with increasing elasticity, aroma, flavors and taste which may propel product demand by 2025.

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Products including oxidizing agent and emulsifiers are utilized for maintaining food stability and reducing rancidity and oxidation without compromising with flavor, texture and aroma. Preservatives used in baked products restricts fungal and pathogenic growth, thus ensuring high quality food manufacturing, thereby stimulating frozen bakery additive market size by 2025. 

Ascorbic and sorbic acid are used in dough, donuts and pastry manufacturing owing to its property of fat and calorie reduction. Growing health awareness among consumer is likely to propel product demand due to its healthy and nutritional contents. These factors may stimulate frozen bakery additive market size in estimated timeframe.

Frozen products are prone to oxidation due to high inventory time that cause microbial and bacterial growth which may act as restraining factor. Consumer preference towards conventional bakery products owing to freshness, taste and aroma may affect industry profitability. Focus on manufacturing high quality conventional baked products to have increased shelf life and improved taste may affect frozen bakery additives price trends.

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Global market size from enzymes may surpass USD 600 million by the end 2025. Utilization of enzymes in gluten free manufacturing of bakery products including pizza crust and dough owing to its characteristics of shelf life extension may propel market size in forecast timeframe.

Global frozen bakery additives market size from emulsifier is poised to witness gain at 6.5% by the end of 2025. Emulsifiers help in decreasing oxidative stress by reducing liquid-liquid interaction favoring it for lipid reduction. It also acts as a viscosity modifier which helps in avoiding clump formation of dough which may boost market size by the end of 2025.

Germany market size from oxidizing agent is likely to outdo USD 8 million in foreseeable timeline. These agents maintain softness & elasticity of dough and enhance gluten reformation by maintaining water flow, thus easing kneading process. These sectors may favor industry growth.

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China frozen bakery additives market size from frozen biscuits & cakes application may witness gains of up to 3% by 2025. Increasing health consciousness among people has developed demand for healthier cookies and biscuits. Growing focus on manufacturing cookies and biscuits with reduced sugar content to decrease carbohydrate levels along with fat reduction may propel demand for natural flavors and enhancers.

Global frozen bakery additives industry share is slightly fragmented with key industry precipitants includes Cargill, ADM, Puratos, DSM, Carmi Flavours and Riken Vitamin. Increasing consumption of frozen bakery has encouraged producers to innovate new technologies which can help in developing healthier products.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making.

These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Global Market Insights, Inc. has announced the launch of Feed Phosphate market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to the market share analysis and the contribution of the prominent contenders toward the overall industry.

Feed Phosphate Market size is set to surpass USD 4.5 billion by 2024; according to a new research report by Global Market Insights, Inc. Rapid spurge in the middle-class population is propagating the need for high quality meat products in China, India and Australia. The middle-class population is set to surpass over 4.5 billion by 2022 pertaining to improving economic conditions and rising living standards. Meat products are rich sources of protein, vitamins and minerals which are essential for performing certain bodily functions along with enhancing immunity thereby positively influencing feed phosphate market growth.

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These products are added to the commercial animal feed and used as additives for providing essential nutrients to animals including phosphorus and calcium. Rising nutrition requirements for poultry production along with favorable government standards will foster the feed phosphate industry growth.

The products helps in maintaining osmotic pressure, buffer capacity and acid base balance along with bone development and providing overall nutrition. Phosphorus supply is considered as a crucial element in animals thereby facilitating their metabolism, immunity and reproductive systems. According to The National Research Council in the U.S., the largest number of deaths occur due to nutritional deficiencies in the poultry species. Additionally, these deficiencies are also likely to cause diseases such as rickets which further reduces the economic and reproductive capacities in animals.

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Feed phosphate market in Germany is likely to register significant growth close to 3% during the projected period. Rise in disease outbreaks in livestock animals including bird flu, swine flu and mouth and foot infections has increased quality and safety concerns amongst consumers. Increasing demand for pork, poultry and other meat products is highly fulfilled by proper feeding of animals along with sufficient calcium and phosphorus supply for overall growth. These products contain a good amount of phosphorous required in diets of animals which is further accelerating feed phosphate market growth.

India feed phosphate market size is likely to register significant growth at over 3.5% over the forecast period. Growing demand for meat and related products owing to rapid population increase and improving economic conditions are likely to enhance the market growth. Additionally, the young population in the country is majorly opting out of vegetarianism and increasing their meat consumption while dining out.

The Mosaic Company, Eurochem, OCP Group, Fosfitalia Group, Elixir, Yara International, Reanjoy, Phosagro, Potashcorp, Wengfu, Malaysian Phosphate Additives and Lifosa are the prominent industry participants in the feed phosphate market. Companies are expanding their regional reach by forming joint venture and partnerships along with investing heavily in R&D activities to meet the government standards which is further enhancing feed phosphate industry size.

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About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making.

These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

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Global Market Insights, Inc.

Phone: 1-302-846-7766

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Global Market Insights, Inc. has launched a report on Animal Feed Organic Trace Minerals Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.

Growing of dairy and meat products demand to suffice the dietary needs of the increasing population will propel the animal feed organic trace minerals market from 2018 to 2024. As of 2017, global meat production was over 260 million tons, with considerable consumption share centered in South and eastern part of the Asia Pacific. Requirement to provide livestock with healthy diet and improve the quality of the produce is expected to remain the chief factor fueling the industry growth.

Enhanced bioavailability along with improved gut absorption are among the key factors fueling the animal feed organic trace minerals business growth. As per analysis, organic trace minerals are almost twice bioavailable than inorganic variant. The other key benefits of organic trace minerals include disease prevention, improved food absorption rate, weight gain, and reduced fatigue. Lack of essential nutrients in processed fodders coupled with increasing incidence of side effects to cattle caused by meat consumption of toxic chemicals is impacting the consumer preferences.

Growing animal feed industry along with increasing efforts to produce healthy livestock is propelling the market growth. Europe and Asia pacific are among the fastest growing animal feed markets. Significant buyer paradigm shift towards natural fodder preferences coupled with healthy diet will provide new growth opportunities over the next few years.

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Europe accounted for more than 25% of the overall animal feed organic trace demand in 2017. Increasing forage additive consumption, such as vitamins, enzymes, minerals, and carotenoids owing to the rising deficiency among the livestock will proliferate the regional industry growth. Significant expansion in the presence of manufacturing facilities for meat and pork products, particularly in France and UK will provide positive scope for the animal feed organic trace mineral market expansion across the region. 

Asia Pacific is anticipated to surpass 100 kilotons demand by 2024. The region is among the largest meat producer, accounting for more than 40% of the meat production.  China is estimated to be the largest producer and consumer of pork, holding 49% of the global pork production in 2016.  As per OECD global meat consumption trends, China registered for over 30 kilograms per capita meat usage in 2017. Japan is witnessed to be the largest importing country for pork meat, followed by China, Mexico, South Korea, and the U.S. 

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Global animal feed organic trace minerals market share is highly consolidated owing to the presence of few dominating companies including Phibro Animal Health Corp, Novus International, and Alltech Inc. The other key industry participants include Zinpro, Royal DSM, Cargill, Archer Daniels Midland, Pancosma, Ridley, Kemin Industries, QualiTech, Tanke Biosciences, Mercer Milling, U.S. Rare Earth Minerals, Vamso Biotec, Biochem Lohne Germany and Nutreco.

Mergers & acquisitions, collaborations, supply chain agreements, and product enhancements are the crucial strategies adopted by these industry players. The manufacturers are involved in the supply agreements with the several end-use industries. For instance, in April 2018, Kemin Industries acquired Unique Beta-Glucan Technology developed by Algal Scientific. Other notable players include.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making.

These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Global Market Insights, Inc. has added a new report on Food Pathogen Testing  Market  that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of market in tandem with its competitive terrain.

Food Pathogen Testing Market size is estimated to exceed USD 5.5 Billion by 2024; according to a new research report by Global Market Insights, Inc. Necessity to ensure health & safety along with increasing consumer awareness has enhanced the food pathogen testing market growth. Growth in global processed meat & dairy industry along with increasing vegetables consumption will drive the industry demand.

Stringent safety norms by FDA, FAO and EU have enhanced the product demand. Government support along with rising influence of media reports on diseases caused due to contaminants are the key factors supporting food pathogen testing market size. Rising health concerns including illnesses, toxicity, and poisoning due to presence of contaminants in edible products has enhanced the product scope. Inclination towards better quality, hygienic and organic products particularly in developed nations will drive the industry demand.

Rapid globalization along with increasing trade of food products has resulted in increased occurrences of transmissible diseases. For instance, bird flu, caused mainly due to consumption of chicken was originated in Italy in 1878. Changing lifestyles and increasing disposable income particularly in developing economies will propel the food pathogen testing market. For instance, China disposable income has increased from 4.5 billion per capita in 2015 to over 5 billion per capita in 2016.

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North America market will be worth over USD 2 billion by 2024. Increasing awareness among consumers towards fodder safety, recent disease outbreaks and rising usage of preservatives are the key factors supporting the industry growth in this region. High medical expenses and increased use of genetically modified organisms in food & beverages industry will fuel regional industry growth.

Stringent government regulations regarding product safety has further up surge the industry growth. For instance, CFIA lays down safety standards for taking corrective actions including, issuing public notices, sampling and recalling of products posing health risks.

Asia Pacific will witness gains at over 8% up to 2024. Stringent government norms coupled with increasing number of manufacturing firms will drive regional industry growth. Japan has been on the forefront for registering patents to develop technologies used for detecting contaminants.

Europe market will be worth over USD 1.7 billion by 2024, rise in meal contaminant illness. Increasing government efforts for curbing pathogens related epidemics will support industry growth in the region.

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Global industry share is moderately consolidated with top three players holding nearly 45% of the global industry demand. SGS, Det Norske Veritas, Intertek and Bureau Veritas are the key industry participants. Other prominent players are Micro Bac Laboratories, Eurofins Scientific, Genon Laboratories, Lloyd’s Register Quality Assurance and Rapid Bio Systems.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making.

These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

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Global Market Insights, Inc.

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Global Market Insights, Inc. provides a detailed overview of Dairy Processing Equipment market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Dairy Processing Equipment Market size is set to surpass USD 13 billion by 2024; according to a new research report by Global Market Insights, Inc. Growth in geriatric population accompanied by prevailing health conditions including joint issues, obesity, diabetes, calcium deficiency has increased milk & milk products consumption which is likely to drive dairy processing equipment market size.  Rise in food fortification trends with nutritional additives and flavors without compromising quality standards will favor market growth. Processing equipment helps in making product stable and increase its shelf life, thus gaining consumer acceptance.

Favorable government policies supported by financial assistance for animal husbandry and dairy industry to increase milk goods production will promote product demand.  Moreover, supporting regulatory amendments by EU Commission pertaining to removal of milk quota leading to rise in milk production in Europe may act as major contributing factor towards dairy processing equipment market growth.

Rising emphasis on modern technologies for automation which will facilitate end to end visibility of the production process with consistency, user -friendly operations to minimize quality issues will drive dairy processing equipment industry growth. Innovative approach including data driven manufacturing which will increase milk and dairy products output and safety with effectively utilizing company’s capabilities and infrastructure, thus reducing total cost of ownership.

Dairy processing equipment market size from protein concentrates application may reach up to 21 thousand units by 2024. Growth in consumer consciousness towards health management supported by daily exercise routine has increased demand for protein products which will favor product demand.

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Membrane filtration dairy processing equipment market size may observe steady over 2.5% over the foreseeable timeframe. This equipment is mainly used to produce milk and protein concentrates. It helps in separating out solid particles dissolved salts, excess water, acids and salts by retaining proteins and fats in the final product. It also helps in separating spores, bacteria and fat globules in skimmed milk manufacturing.

Dairy processing equipment market size from cream application is poised to surpass 26 thousand units by 2024.  Accelerating demand for innovative desserts with nutritive value supported by growth in low fat and low sugar products to adopt healthy diets balancing taste will fuel product demand in this application.

India dairy processing equipment market size was USD 1.95 billion over the foreseeable timeframe. Rising economies of scale for milk products supported by adoption of sustainable dairy techniques is likely to positively impact product demand. Prevailing conditions like malnutrition mainly in children supported by government initiatives to generate awareness for milk consumption to gain require nutrients will surge product demand.

Homogenizer equipment market size may exceed to USD 1.8 billion up to 2024. It has prominent application in yogurt and powder manufacturing to enhance texture and make it more viscous along with impart softness. Manufacturer engaged in development of equipment with increased cost efficiency with low environmental impacts balancing food safety will foster dairy processing equipment industry growth.

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U.S. dairy processing equipment market size from cheese application will witness significant gains at 4%. Shifting dietary preferences has led to consumption fast food supported by Presence of prominent cheese manufacturing companies in this region will contribute towards regional product demand.

Global dairy processing equipment market share is moderately consolidated with key five players including Alfa Laval Corp, Krones Group, A&B Processing Systems, GEA Group, and Tetra Laval accounting for majority of the market share. Other prominent industry participants include IDMC, ISF Industries, Feldmeier Equipment, Agrometal Ltd., and SPX Corp.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making.

These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

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Global Market Insights, Inc.

Phone: 1-302-846-7766

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Global Market Insights, Inc. provides a detailed overview of Dairy Alternatives Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Dairy Alternatives Market size is estimated to surpass USD 37.5 billion by 2025; according to a new research report by Global Market Insights, Inc. The growing demand for dairy-free products across various end-use industries such as cheese, desserts, snacks, and beverages are steering the industry growth. Increasing intake of dairy alternatives by vegan population coupled with rise in patients suffering from lactose intolerance, milk allergies, and calorie concerns will bolster the product adoption in beverage applications.

Increasing penetration of dairy alternatives market in beverages owing to several benefits offered such as improved nutritional content will fuel the business development. The shift from conventional dairy products such as cow milk to nuts and legume-based milk products along with rising consumer concerns for maintaining a healthy diet are the key factors influencing the business dynamics. Additionally, the growing vegetarian and vegan population, motivated by animal welfare concerns, choose plant-based beverage products, thereby positively influencing the dairy alternatives market share.

The beverage segment dominates the industry and anticipated to reach around USD 33 billion in 2025. The growing trend of utilizing plant-based product content in a beverage for people suffering from milk allergy, lactose intolerance, and phenylketonuria will fuel the business growth. Dairy alternatives market products that are derived from soy and almond cater to a wide range of beverage applications. The use of dairy free products enhances the texture and creaminess of flavored milk, shakes, and smoothies which increases the desirability quotient of beverages, thereby increasing product demand.

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Regulatory agencies such as EDA, USDA, FAO, USFDA, EC, etc. undertook initiatives such as awareness campaigns to promote the need for maintaining healthy diet and lifestyle owing to increasing instances of diseases related to lactose tolerance and nutrition deficiency. For instance, EDA witness around 56% of the Italy population was lactose intolerant or suffered health issues related nutritional deficiency in June 2018. The agency listed out multiple guidelines regarding the consumption of milk and other dairy products as a counter measure of coping up with this diet and lifestyle related issue.

Manufacturers are focusing on the adoption of sustainable practices such as optimizing their network with farmers, energy & waste management, and the utilization of industry by-products as raw materials. They are also developing products in line with stringent regulations of governing bodies, thereby aiding product growth over the forecast timeline.

Stringent regulations imposed on the manufacturing process such as functional requirements, the need of mentioning animal-based products in food labels, higher cost of nuts & legumes, and increasing energy costs may increase the overall production cost which in turn will hinder the market share. In addition, the inflated and time-consuming product testing, processing, and approvals can inhibit business growth.

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North America dairy alternatives market accounts for over 25% share and expected to witness significant gains over the forecast timeline. The escalating number of patients with allergies and nutritional deficiency will result in dairy alternative products demand across the region. Changing eating habits and lifestyle owing to rising adult population suffering from obesity and diabetes in the U.S. and Canada will further drive the plant-based rice and almond milk products demand.

The global dairy alternatives market is highly competitive owing to the presence of a few dominating companies including Whitewave Foods, Hain Celestial Group, Inc., Blue Diamond Growers, SunOpta Inc., New Barn. Other prominent players in the industry include Triballat Noyal, Califia Farms, Valsoia S.p.A, Freedom Foods, and Pacific Foods. Strategic initiatives such as new product launches, geographical expansions, R&D investments, and mergers & acquisitions help the industry participants explore the untapped business potential. Industry players resort to supply chain agreements with dealers and distributors to ensure efficient flow of products.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making.

These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde

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Global Market Insights, Inc.

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Global Market Insights, Inc. provides a detailed overview of Food Enzymes Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Food enzymes Market size will surpass USD 3.6 billion by 2024; according to a new research report by Global Market Insights, Inc. Increasing consumer awareness regarding nutritional benefits offered by enzymes has resulted in increased product demand, thus driving the food enzymes market penetration. The strong application outlook for the food & beverage industry for product quality enhancement along with high acceptance from the bakery and confectionery applications to bread quality standardization and flour reduction level will escalate demand.

Numerous food processing units are extensively using these additives to attain environment-friendly processes, as these extracts are used as biocatalysts to increase the production rate. This leads to a considerable reduction in raw material wastage, resulting in shifting preference of the end-users. Several applications such as bakery, dairy, and confectionary are witnessing high adoption of protease, lactase, and carbohydrase owing to rising demand for extended product shelf-life and uniformity.

F&B industry has witnessed various trends, significantly impacting the global market growth. Fermentation of food is an emerging trend, that has gained traction among the industry participants. These products are fermented, that results in creation of a number of enzymes, intensifying their strength. Moreover, high usage of these additives for stabilizing the beverages and minimizing the off-odors will instigate immense growth potential in the coming years. However, excessive R&D costs and strict and critical guidelines to handle enzymes production and usage may hamper the industry growth over the next eight years.

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Carbohydrases will acquire a major share in the industry crossing USD 1.8 billion sales by 2024. Growing demand for prominent carbohydrases type such as amylase, pectinase, lactase, and cellulase will remain a key factor driving demand. These ingredients are significant in F&B industry and witness high consumption regularly. Phytase will exhibit over 7% CAGR till 2024 owing to its benefits in absorption of vital materials including magnesium and calcium, as well as and reduction of phytic acid.

Beverages applications of food enzymes market are likely to dominate the industry, registering over 50 kilotons demand by 2024. Rising consumption of beverages among different class of societies across the globe will result in increased product penetration. Provision of benefits such as increased processing capacity and economy enhancement in beverage industry will further propel the industry growth. The bakery will grow significantly owing to high product usage for enhancing dough stability, maintaining bread quality, and ensuring proper browning of bread.

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North America is expected to capture highest share in the global market and witness over 6.1% CAGR up to 2024. Rising trend for nutritional diet patterns, especially in U.S. will essentially support the regional growth. Increasing consumption of fortified meat, processed and canned products across the region has resulted in proliferating enzymes demand among the food manufacturer.

Asia Pacific food enzymes market will grow rapidly, witnessing over 7.5% CAGR from 2017 to 2024. Rising acceptance from various applications such as beverages, dairy, and RTE items along with high demand for convenience products will primarily drive the regional industry growth.

Royal DSM, Danisco, BASF, Lumis, Aumgene Biosciences, Enmex, Advanced Enzymes, and AB Group are among the noticeable participants in the food enzymes market. Other prominent industry players include Chr. Hansen, Enzyme Innovation, Thermo Fisher Scientific, Hayashibara Co., and Enzymes Solutions. Competitors are indulging in partnerships to strengthen their position in the industry.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Global Market Insights, Inc.

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Global Market Insights, Inc. provides a detailed overview of Insoluble Dietary Fibers market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Global Insoluble Dietary Fibers Market size is set to surpass USD 4.5 billion by 2024; according to a new research report by Global Market Insights. Potential applications in food fortification due to rising functional food demand globally will propel the insoluble dietary fibers market size. Rising dairy, bakery & breakfast cereals demand owing to changing diet patterns and increasing health consciousness has enhanced the product demand. Effective functions including water binding, thickening, gelling and fat replacing are among key factors supporting product adoption.

Shifting trend towards fiber supplements to fulfill nutritional requirements provides huge opportunities for the insoluble dietary fibers market growth. Increasing incidences of several diseases due to hectic schedules and unhealthy diet influencing inclination towards healthy supplementations will support product demand. Significant benefits in treating diverticular diseases, constipation, colon cancer and enhancing weight loss are among key properties fueling industry growth.

Cellulose market was valued at over USD 700 million in 2017. Notable properties in improving gut health, immunity from illness and resisting bad bacterial growth has stimulated the product penetration. Ready commercial availability of cellulose coupled with abundant availability of raw material mainly consisting whole grains further propels the insoluble dietary fibers demand.

Extensive investment in R&D and product formulation coupled with prolonged regulatory approval procedures are the major restraining factors for industry growth. Changing economic & climatic conditions causing cost fluctuations in grains, fruits & vegetables may influence the insoluble dietary fibers price trend.

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Fruits & vegetables are anticipated to witness gains around 8.5% by 2024. Shifting manufacturer preference towards fruits & vegetable sources due to ease in procurement and production has enhanced the product demand. Substantial nutritional content in fruit peels provides positive outlook for insoluble dietary fibers market growth. Reduced risk of hemorrhoids, diverticulitis and cancer are among major health benefits driving application scope.

Bakery applications will observe revenue growth at over 10% from 2018 to 2024. Considerable demand for natural and healthy bakery products including nutritious biscuits & bread will support the insoluble dietary fibers demand. Increasing product adoption in bakery due to high water holding capacity, preventing dryness will propel the application scope.

North America registered largest revenue share, accounting for over 35% of the insoluble dietary fibers market in 2017. Growing consumer awareness pertaining to health & safety along with changing lifestyle are among major factors driving regional demand. Increasing prevalence of obesity and diabetes stimulating trend towards weight loss procedures will fuel the business growth.

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Dupont Danisco, Roquette Frères, Cargill, Sunopta, Ingredion Incorporated and J. Rettenmaier & Söhne are among major industry players. Global insoluble dietary fibers market share is highly fragmented with presence of international as well as regional manufacturers. Other notable players include Tate & Lyle, Grain Processing Corporation, Solvaira Specialties and Ceamsa.

Technological upgradations, R&D investments, mergers & acquisitions are among major strategies adopted. For instance, in March 2017, Ingredion acquired Sun Flour Industry, a Thailand based rice starch & flour company to enhance its starch ingredient portfolio. Companies are also focused on geographical expansions and product developments to capture substantial industry share.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Global Market Insights, Inc. has launched a report on Whiskey Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.

Whiskey Market size is estimated to surpass USD 84 billion by 2025; according to a new research report by Global Market Insights, Inc. Changing consumer’s preference for a better experience and increasing popularity of premium brands will propel whiskey industry growth. Strong demand with evolving tastes and consumption upgrade from increasingly urbanized and high-income population will provide positive business outlook. Factors such as new product launch, easy availability of raw materials, product innovation, and growing popularity of craft whisky will further support industry expansion.

Increasing cross border trade with rapid globalization is anticipated to create new opportunities for manufacturers in whiskey market. For instance, the exports for scotch whiskey grew approximately by 7.8% by value in 2018. Further, manufacturers are focusing on developments of varied products such as barrel aged whiskeys, single malt, organically produced whiskey, and flavored products to gain competitive advantage.

Whiskey is considered as an affordable luxury which drives the market growth for premium and super-premium product offering. Consumers are becoming knowledgeable on different types of whiskeys accompanied by the inclination towards trying new whiskeys with different taste & complexity. Whiskey manufacturing varies as per the production process as well as ingredients used such as malt, wheat, rye, corn, or blends. However, prices of grains are rising due to the scarcity of certain crops which will impact the crop supplies for whiskey production, thus increasing overall production cost.

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Scotch whiskey accounts for over 24% of the global whiskey consumption in 2018. Blended whisky holds a dominating share in the global scotch whiskey market. However, single malt whiskey observes high growth rate in terms of volume and revenue.  Value of the single malt scotch is high and allows malt producers to target the growing premium whisky consumer segment. As per scotch whisky association, European Union is one of the largest markets for Scotch whiskey and accounts for about 30% by value and around 36% by volume of the total exports. Also, the United States is the largest imported of Scotch whiskey.

Off-trade distribution holds over 70% share in the overall whiskey market in 2018. Strong growth in travel & tourism industry particularly from emerging economies of Asia Pacific is driving the whiskey sales through off-trade sales channel such as duty-free stores. Also, the demand for super-premium whiskies is high through off-trade sales channels owing to low prices as compared to on-trade sales, and preference for storing premium products for special occasions. Also, the supermarkets, convenience stores, duty-free stores, and auctions offer numerous categories and varieties of the product, thus propelling the business expansion.

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Asia Pacific market size is projected to cross USD 37 billion by 2025. India account for around 45% of the global whiskey consumption in 2018. High demand is expected due to increasing count of consumers within legal drinking age, enhanced standard of living, rapid urbanization, and rise in spending on leisure. For instance, Indian population with legal drinking age is projected to increase from 64% in 2011 to 68% in 2021. World’s economy is shifting towards south-east countries, these countries being the emerging market will drive the export growth for the product.

The Global Whiskey Market Share in competitive with presence of several large-scale manufacturers with established brands along with increasing count of new distilleries. The prominent players in the market are Diageo, Pernod Ricard, William Grant and Sons, Crown Royal, Beam Suntory, Allied Blenders & Distillers (ABD), Brown Forman. Some of the renowned brands in the global whiskey industry include Johnnie Walker, Jack Daniel’s, Jim Beam, Officer’s Choice, Imperial Blue, and Royal Stag. High investments on branding and product promotions, new product developments, distribution network expansion, and mergers & acquisitions are among the key strategies observed in the industry.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Global Market Insights, Inc. has added a new report on Curcumin Market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of market in tandem with its competitive terrain.

Expansion in pharmaceutical industry will drive curcumin market owing to its prevalence in treating various diseases including cancer. Global cancer drug industry was worth over USD 100 billion in 2015 and is expected to surpass USD 145 billion over the forecast period. Rising demand for anti-cancer, anti-inflammatory and anti-oxidation property materials in medicines will drive Curcumin Market Growth.

Increase in aging population has also added to product demand due to its anti-aging properties. Rising demand for the ayurvedic personal care products is a major trend behind growth of curcumin market. Several key vendors are launching the ayurvedic and herbal products for catering to increasing demand for the organic and natural products, this will help them in gaining a large industry share. Products including, curcumin, green tea, aloe vera, and barry grass are gaining popularity in organic products industry.

Increased protection from degradation, reduced skin irritancy, controlled release, improved stability, increased surface area and higher solubility are the key properties supporting the product demand in cosmetic industry. Increasing exposure to ultraviolet radiation and rise in pollution is anticipated to propel product demand due to its antioxidant properties.

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Asia Pacific is expected to witness growth over 12.5% up to 2024. Increasing demand for cosmetic products in emerging economies including China, India and Japan will drive the demand for curcumin in the forecasted period. Curcumin is extracted from turmeric which is the basic ingredient used in cosmetics and has potential to provide with a natural alternative to the synthetic products used in cosmetic production. Also, product acceptance in diverse regional cuisines accompanied by growing production capacity will augment the product penetration over the forecasted time frame.

North America is expected to surpass USD 60 million by 2024. The region holds a significant share in the global pharmaceutical production owing to superior R&D investments. Increasing prevalence of biopharmaceutical and herbal medicines will boost the product demand in the forecasted time frame. Further, curcumin is available in the form of dietary supplements thereby propelling the regional share. Increasing demand for premium cosmetic products in the region owing to a high consumer spending and ageing population will drive the product adoption. Product innovations accompanied by presence of various major cosmetics brands in the U.S. is escalating the product penetration.

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Curcumin is an active ingredient is extracted from Curcuma Longa rhizome, containing bioactive compounds with medicinal properties such as anti-inflammatory, anti-microbial and contain antioxidants. The product has various application in several industries owing to its beneficial properties. Major manufacturers are trying to integrate the business by involving cultivation, extraction, processing, and distribution of the product. Further, tremendous growth in research & development activities in the pharmaceutical and cosmetic sector will propel the product demand.

The global curcumin market share is fragmented due to the presence of several local and international players in the industry. Key manufacturers include Biomax Life Sciences Ltd., Synthite Industries Ltd., Hindustan Mint & Agro Products Pvt. Ltd, SV Agrofood, Star Hi Herbs Pvt. Ltd. and Hebei Food Additive Co. Ltd. Other notable players in the industry include Star Hi Herbs Pvt. Ltd., Herboveda India Pvt. Ltd, Hebei Food Additive Co. Ltd., Tri Rahardja PT and Konark Herbals & Health Care. The key strategies adopted by manufacturers include joint ventures, product innovation, and vertical integration. For instance, Arjuna Natural Pvt Ltd in 2018 has established a direct supply chain in the U.S. to increase the sales under its new brand and profit margin for the company.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

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Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

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Global Market Insights, Inc. has launched a report on Bionematicides Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.

Bionematicides Market size is projected to touch USD 209.1 million by 2024; according to a new research report by Global Market Insights, Inc. Diminished fertile farming land availability due to rapid industrialization has driven bionematicides market size significantly. Furthermore, crops are highly infested by nematodes owing to propel industry growth by 2024. Strict environmental legislations favoring bio based and organic fertilizers over chemical will further complement growth. These bio fertilizers owing to its ability to improve yield laterally with being ecofriendly are appropriate for application.

By 2050, global population might reach 9 billion, which will increase food demand. Consequently, this will increase yielding fertilizers, seed & crop management demand to increase crop yield. In addition, rising consumer awareness and demand for food produced from organic or bio based fertilizers will boost bionematicides market share over the forecast timeframe. Also, agricultural trade is forecast to inflate in coming years, resulting in business growth.

Slow product action on large pests along with little shell life may hinder bionematicide adoption. In addition, inadequate product variety for several crop may negatively impact bionematicides market size by 2024. Nevertheless, enduring R&D towards biotic nematodes control is likely to boost the market for bioneaticides. Arkansas Fungus, Pochonia chlamydospora and Paecilomyces lilacinus are recognized as parasites of the nematodes egg stage. As a result, two biocontrol products are presented for nematode control on cotton, namely Linnaeus and Gossypium hirsutum.

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In 2015, bionematicides market for cotton crop generated revenue more than USD 800 thousand. Nematodes leads to over USD 80 billion crop yield losses across the globe, including cotton. Booming bio based fertilizer applications and farmer’s preference for sustainable farming to prevent lance nematodes, sting and root knot in crops will propel industry growth.

 In 2015, fruits & vegetable crop was valued at over USD 41 million. Escalating demand organic and bio based fruits & vegetables demand globally is offering a positive bionematicides market outlook. Bionematicides market for soybean should exceed USD 14.5 million over the forecast timeframe. In 2015, U.S. bionematicides market was dominant regional industry and accounted more than 30% of global volume. The regional growth was mainly propelled increasing bio pesticides preference over chemicals. For instance, the Department of Environmental Toxicology (U.S.) puts emphasis on bio pesticides for crop protection.

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Asia Pacific, led by China, India and Japan bionematicides market was valued more than USD 23 million in 2015. Rapid industrialization, demographic shifts, overpopulation, affordability, sustainability, environmental concerns and climate change are vital factors propelling bionematicides market. Furthermore, farming is one amongst the predominant economic contributor of Asian countries and is also reinforced by the government organization in the form loan and subsidies for promoting sustainable farming.

Global Bionematicides Market Share is fairly consolidated with five major players accounting more than 50% of global volume in 2015. Major industry participants are BASF SE, Dow AgroSciences, Monsanto Company, Bayer CropScience, Syngenta AG, LAM International and Marrone Bio Innovations.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

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Global Market Insights, Inc. has announced the launch of Gourmet Salts Market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to the market share analysis and the contribution of the prominent contenders toward the overall industry.

Gourmet Salts Market size is estimated to exceed USD 1.5 billion by 2024; according to a new research report by Global Market Insights, Inc. Potential outlook in culinary & preserving applications along with increasing adoption of gourmet food in luxury restaurants globally will propel the gourmet salts market size. Enhancing taste, flavor and aroma in foods are the key properties stimulating industry growth.

Rising consumer spending on food & beverages due to changing lifestyle will drive the industry demand. Global food & beverage industry will surpass USD 9.5 trillion by 2024 growing at over 3.4%. Increasing product consumption in dressing and seasoning of foods will further support the product scope. High preservation and moisture retaining property has resulted in increasing applications in seafood & meat processing to improve the shelf-life. Global per capita fish consumption reached 20.5 kg per capita, with annual growth around 1% in 2016.

Increasing consumer health consciousness along with shifting preference for low sodium saline are the key factors driving the gourmet salts market growth. High product usage for curing in beauty centers & spas for personal care treatments enhanced the product demand. Rising health issues including hypertension, cardiovascular diseases, and high blood pressure will fuel the product penetration. Fleur de sel holds 35% of the overall gourmet salts market share. Strong outlook in roasted meats, vegetables dishes and salads will support the product demand. High magnesium chloride and calcium content makes it beneficial for human consumption. High moisture absorption enhancing flavors to the taste buds will drive the demand.

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Sel gris market was over 10 kilo tons in 2016. Increasing product usage as a finishing and cooking product owing to its coarse texture will drive the industry growth. It is moist, unrefined and considered as the best quality salt among professional chefs.

High availability of the gourmet salts variations including 84 distinct types of metal, elements and minerals enhanced the product demand. Expensive prices along with lack of product awareness are the major restraints of the gourmet salts market growth.

Meat & poultry demand is anticipated to worth around USD 510 million by 2024. Changing lifestyle and improved preservation technology in processed meat, fish and poultry will fuel the product demand. Rising demand as preservative for canned meats, hams, roasts, meatballs, and fish, enhances the gourmet salts market growth.

Bakery & confectionary market will witness over 8.5% CAGR up to 2024. High product acceptance owing to its superior properties including enhanced food taste, distinct flavor, appearance, color, and aroma will drive the revenue growth.

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Europe, led by UK and Germany gourmet salts market is the fastest growing region, estimated to value over USD 724 million by 2024. Rising demand for processed food particularly in Italy, Spain, Germany and France will drive the regional industry growth.

Asia Pacific gourmet salt market, dominated by China is expected to witness growth over 7.5% up to 2024. Growing health awareness, increasing disposable income along with surging demand for processed food will support the industry demand.

The U.S. Gourmet Salts Market was valued more than USD 217 million in 2016. Improved standard of living coupled with increasing commercialization in food industry though several promotions are the driving factors of the industry growth. Increasing consumer awareness about product benefits accompanied by expansion in food & beverage industry will propel the product demand.

Global gourmet salts market is competitive due to presence of regional industry players. High profit margins of the industry have encouraged manufacturers & vendors to expand production capacity and improve supply chain network. Some of the key industry players in gourmet salts market are Cargill, Morton, CK Life Sciences, Amagansett, Dominion, Irish Atlantic, Devonshire, Alaska Pure, Cargill, Murray, Marblehead, Infosa and Marblehead.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making.

These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

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Global Market Insights, Inc. has added a new report on Animal Feed Organic Trace Minerals Market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of market in tandem with its competitive terrain.

Increasing consumer awareness pertaining to the side effects of chemically-processed food will boost animal feed organic trace minerals demand. A substantial increment in the meat & dairy products will enhance market growth. For instance, as per the recent FAO reports, the global meat consumption per capita was around 41 kg, which is projected to surpass 45.3 kg by 2030.

Consistently increasing food demand in the form of dairy and meat products due to rapid population growth will drive the animal feed organic trace minerals penetration in the feed industry.  The world population is expected to be over 9.7 billion by 2050 with a global birth rate of 18.7 births per 1,000 people.

Rising consumer awareness pertaining to the livestock diseases along with the necessity for safe livestock nourishment practices will proliferate the business expansion. Moreover, the increasing outbreaks of diseases such as Avian Influenza in poultry owing to the lack of minerals have resulted in a growing demand for these products supplements.

Iron trace mineral is anticipated to witness over 6.5% growth in terms of revenue up to 2024. Iron is the second major micronutrients that are utilized in the production of animal feed. It is a crucial mineral that is used to improve digestion among the ruminants owing to its oxygen carrying capacity in the body. The iron deficiency leads to a poor overall health in poultry animals, reducing their productivity and leading to huge losses for farm owners.

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Manganese accounted for more than 15% of the global animal feed organic trace minerals demand in 2017. Key health benefits including regulation of the certain enzymes, major nutrient for the skeletal development, and maintenance of the cartilage integrity among the livestock will propel the product demand in the market. Moreover, surging incidences of deformed calves’ births, including enlarged joints, dwarfism, and shortening of the nasomaxillary bones in their jaw will further provide positive scope for the segment growth.

Poultry segment is anticipated to surpass USD 90 million revenue by 2024. High deformity rates, including thickening and shortening of the long bones, coupled with malformed leg joints will boost demand in this segment. Increasing egg & meat consumption owing to its economical, costing as compared to other meat products will provide more opportunity in the industry. For instance, as per the recent industry estimates, the global poultry consumption is increasing significantly at a growth rate of over 4%.

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Increasing demand for protein meal in emerging economies, including India, China, Australia, and Malaysia is likely to propel the meat consumption. Additionally, high consumption of the chicken in South Asian countries along with the high preference to pork in North East Asia will further propel regional industry growth. Asia Pacific animal feed organic trace minerals market will witness over 6% CAGR from 2018 to 2024.

Phibro Animal Health, Novus International, Alltech Inc, Zinpro, Royal DSM NV, Cargill, Archer Daniels Midland, and Nutreco NV are among the major animal feed organic trace minerals companies. The global industry share is highly consolidated owing to the presence of few dominating players. Collaborations, mergers & acquisitions, and product enhancements are among the key strategies to gain significant competitive share by the major industry players.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

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Global Market Insights, Inc. has announced the launch of Carotenoids Market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to the market share analysis and the contribution of the prominent contenders toward the overall industry.

Rising consumer and producer preference for carotenoids owing to its high value in the pharmaceutical, food, and cosmetic industry will fuel the industry growth. These products act as a vital precursor to amino acids in feedstocks and have coloring & antioxidant properties, which is driving product penetration. Moreover, benefits such as reducing the risk of cardiovascular diseases, increasing immunity, and improving eye health will further promulgate the demand for carotenoids infused products.

Factors such as the prevalence of the chronic disease, drug affordability, and favorable government policies concerning drug formulations will drive product demand across the pharmaceutical sector. Carotenoids are a major source of antioxidants owing to which it is used in various nutraceutical formulations for treating high cholesterol and blood pressure. Also, the presence of essential micronutrients such as vitamin A, vitamin D, etc. will further enhance its scope in functional food applications.

Stringent regulations pertaining to food additives will create hindrance for carotenoids market growth. For instance, FAO has regularized limit of beta-carotene to 400 mg/kg for breakfast cereals to avoid health risk associated with high dosage. However, a regulatory framework designed to limit the impacts of carotenoids on the environment, humans, and animals will provide a positive scope for industry development.

Natural carotenoids market is anticipated to witness significant gains over 4.5% by 2024. Growing demand for natural colors from various industries such as cosmetics, pharmaceuticals, and food will drive the segment growth. Increasing demand for clean label products owing to growing consumer awareness regarding ill effects of its synthetically derived counterparts will further accentuate segment share.

Beta carotene will witness over 4% CAGR up to 2024. Growing health awareness, hectic lifestyle and early age problems in the current generation are driving the consumer to shift towards natural food products which will drive the market growth. Beta carotene is a red-orange colored pigment used abundantly for manufacturing color supplements in pink, orange, yellow, and red tones. For instance, in 2017 BASF SE launched Lucarotin 10 CWD (Cold Water Dispersible) / O (Orange) Plus-a 10% beta carotene powder for food application. Beta-carotene derived from algae, responses actively to UV radiations owing to which it is extensively used in manufacturing skin care products.

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Food & beverage is expected to register over 20% market share by 2024. Color is a vital aspect of foods and beverages and hence carotenoids are majorly used as an additive in the food industry. Carotenoids are a bright yellow, red, and orange pigment and are majorly used as a food coloring agent. Although there are a variety of carotenoids available, very few are used commercially. Also, the demand for naturally produced food is growing rapidly in countries such as the US, UK, Australia, and Japan, which is further driving the market growth.

Europe carotenoids market is anticipated to account for over 40% market share by 2024. Presence of key market players has contributed to the region’s growth. Stringent norms by the EU related to the use of synthetic carotenoid has accentuated the natural carotenoid market growth. Additionally, the rising demand for nutraceutical products infused with carotenoids among the geriatric population will further accentuate the market share.

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Chr. Hansen, BASF, Royal DSM, FMC Corporation, Kemin Industries Inc., Cyanotech Corporation, Dohler Group, Allied Biotech Corporation, and Divis Laboratories are among the key players operating in carotenoids market. The carotenoids market share is fragmented in nature due to the presence of international, and regional players. New product development, mergers & acquisitions, technological innovations, and strategic collaborations are the major strategies adopted by industry players for enhancing their market share. For instance, in November 2017, Chr. Hansen announced that it has extended its patented encapsulation technology to beta-carotene products to improve stability of color pigments for use in beverages.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

Toll Free: 1-888-689-0688