COVID-19 Impact On Milk Protein Market Value, Trends, Analysis, Size, Share, Segmentation, Forecast To 2025

 Milk Protein Market Insights

Market Research future estimated that the global Milk Protein Market would witness exponential growth during the forecast period, 2016-2022. The milk proteins demand owing to high occurrence of lactose intolerance is likely to aid the market growth. Moreover, the enhanced shelf-life and eradication of sandiness in these products is expected to augur the Milk Protein Market Value growth. Introduction of new flavors to lure consumers has been a customer-centric strategy that majorly accounts for the rise in demand for milk protein products.

Consumers are highly engaged in functional foods and wellbeing activities, progressively demanding products that are natural, organic, green, and free from additives. Changing development and industry patterns, improvement in value chain and expansion of dairy companies into new markets are some of the drivers of the global milk protein market. Vertical Integration and consolidation led by big farmers are making the global market more competitive.

Major Players

The major players contributing with their superior and protein-rich food include Fonterra Co-operative Group Limited, Kerry Group, Arla Foods, Ganbia plc, AMCO Proteins, Hevero Hoogwegt, Groupe Lactalis, and FrieslandCampina.

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Market Segmentations

The global Milk Protein Market is segmented based on form, source, nutritional profile, and distribution channel.

Based on the form, the global Milk Protein Market is divided into liquid, bars, and powder.

The global Milk Protein Market is bifurcated into buffalo, cow, goat, and others; based on sources.

The global Milk Protein Market is also diversified on the basis of the nutritional profile into low-fat, low-calorie, gluten-free, low-sugar, high-protein, lactose-free, and others

Regional Insights

Europe is predicted to lead the global Milk Protein Market over the forecast period. The foreseen growth is attributed to growing functional food consumption and veganism. Government making it obligatory to print descriptions of proteins with certification acquired by food safety organizations might help to boost the demand for milk protein. Regions such as the U.K., France, and the Middle East are witnessing flourishing growth in their trade, driving the growth of global market.

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On the other hand, the APAC region is likely to witness high growth owing to high production of such products by China, India, and New Zealand. Sustainability initiatives by various beverage manufacturers can lead to the adoption of milk protein to produce eco-friendly packaging. The high demand for full-fat milk by consumers can propel the growth of the global market.  Asia is the largest consumer with growing GDP per capita which makes it a potential market for the leading giants.

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COVID-19 Impact On Field Peas Industry Value, Analysis, Size, Share, Recent Trends, Development Forecast to 2024

 Market Overview

The Global Field Peas Market for pet food size can touch USD 2,417.6 million by 2024, as per the findings of Market Research Future (MRFR). It can exhibit 5.85% CAGR from 2018 to 2024. Pet foods which are nutrient-dense and protein-rich in content are in high demand by pet owners. Field peas are rich in amino acids, minerals, vitamins, and other nutrients. They have come up as a viable substitute in lieu of potato-based foods being linked to cardiovascular diseases in dogs.

The uptick noticed in pets being treated as part of families is likely to drive the demand in the Field Peas Industry Value for pet food. This is evident with nearly 2.7 million animals are being adopted in the U.S. from animal shelters. Concerns regarding filler ingredients such as grain and meat-by products has called for the need for natural or organic sources of raw materials to be included in pet foods. Preference towards plant-based protein sources considering various vegan pet owners can work in favor of the market. Furthermore, functional benefits of field peas and its genetically modified (GM) free nature is expected to drive its market growth.

Segmentation

The field peas market for pet food is segmented by type and application. 

By type, the chickpeas segment is expected to grow at a robust CAGR of 6.51% over the forecast period to accrue a valuation of USD 618.7 million by 2024. The segment can accrue a demand of 956.8 thousand tons by 2024 at a CAGR of 5.03% during the assessment period. Chickpeas fit into the category of natural foods owing to its high nutritious content. The ability of the legume to maintain blood sugar level and high immunity levels in pets can be credited for its high growth rate. On the other hand, the peas segment can reach a value of USD 1,535.7 million by 2024.

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Regional Analysis:

Region-wise segmentation of the field peas market for pet food includes North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW). Among them, Europe accounted for 34.5% market share in 2017, followed by North America (31.1%), RoW (22.1%), and APAC (12.3%).

The Europe region can exhibit a high CAGR of 5.71% to generate close to USD 826.1 million by 2024. Rising demand for natural ingredients and strict ingredient labeling policies to protect pets can drive the market demand of the field peas market for pet food. Novel product launches and experimentation with new flavors are strategies of players residing in the region to gain the upper hand in the market.

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Competitive Analysis

Notable players in the field peas market for pet food are Palouse Brand (U.S.), Great Northern AG (U.S.), George F. Brocke & Sons Inc. (U.S.), AGT Food and Ingredients, Inc. (Canada), Crites Seed Inc. (Europe), Columbia Grain International, LLC (U.S.), and Ceres Global Ag Corp (U.S.).

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COVID-19 Impact On Molluscicides Market Trends, Demand Analysis, Competitive Landscape, Forecast To 2024

 Molluscicides Market Overview

The global Molluscicides Market is expected to register a CAGR of 5.8% from 2019 to 2024 and reach USD 2.23 billion by the end of 2024. Molluscicides are chemical substances or biocides developed specifically for destroying mollusks. Mollusks cause huge agricultural losses and have become a major agricultural threat. They feed both above and below the surface of the ground, on seeds, seedlings, and plants, damaging the roots, leaves, and flowers which reduce the plant growth and crop yield. Most commonly used molluscicides include metaldehyde, iron phosphate, niclosamide, and others.
Molluscicides Market Trends help in improving agricultural productivity by killing mollusks such as shellfish, octopi, squid, snails, and slugs in the plantation. Increasing population and growing demand for food have led to high agricultural productivity which is driving the growth of the molluscicides market. Moreover, limited availability of cultivable land is boosting the demand for molluscicides to increase farm productivity.

Key Players:

Some of the key players profiled in the Global Molluscicides Market are Lonza Group AG (Switzerland), BASF SE (Germany), Marrone Bio Innovations, Inc. (U.S.), Bayer Crop Science (Germany), Adama Agricultural Solutions (Israel), De Sangosse SAS (France), Amvac Chemical Corporation (U.S.)

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Key Findings:

Bio based molluscicides are expected to offer huge growth opportunity in North America and Europe.

Asia Pacific is witnessed to be the emerging market for molluscicides.

Intended Audience:

Molluscicides manufacturers

Food industry

Agriculture industry

Traders, importers, and exporters

Segments:

Molluscicides market is segmented on the basis of a type such as metaldehyde, iron phosphate, niclosamide, and others. Among all, the metaldehyde segment is dominating the market and is expected to grow substantially over the forecast period. Easy availability and reasonable cost of the product is driving the growth of this segment. However, the iron phosphate is projected to gain moderate growth over the forecast period.

Based on the application, molluscicides market is segmented as grains and cereals, oil seeds, fruits and vegetables, ornamentals, and others. Among all, the fruits and vegetable segment is dominating the market followed by ornamentals. Growing demand for fruits and vegetables among the rising population is expected to surge the growth of this segment during the estimated period.

Regional Analysis: 
The Global Molluscicides Market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW). North America is dominating the market followed by Europe. In North America, the U.S. is the major contributor of molluscicides. However, stringent environmental regulations in the developed economies of North America and Europe are expected to restraint market growth in these regions. Bio based molluscicides are expected to offer huge growth opportunity in North America and Europe.

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COVID-19 Impact On Egg Replacers Industry Segment, Growth Future Prospects, Competitive Analysis, Forecast To 2023

 Egg Replacers Market Scenario

Egg Replacers are used in various culinary applications to replace eggs in their role as an emulsifier. Eggs play a vital role in several preparations, especially bakery preparations, by making the product more consistent and stable. However, the growing popularity of the vegan movement and the growing demand for eggless alternatives from vegetarian demographics is likely to drive the global Egg Replacers Industry Segment over the forecast period. Egg replacers can be of various types but provide a similar function by enabling solid consistency in the respective product.

The rising prices of eggs and the outbreak of avian influenza have also held back the demand for eggs, driving the global market for egg replacers. The health implications of avian influenza have led to a sturdy growth in the demand for egg replacers.

Competitive Analysis

Leading players in the global Egg Replacers Market include Puratos, Ingredion Incorporated, Arla Foods, Corbion, E.I. DuPont de Nemours and Company, Tate & Lyle plc, and Archer Daniels Midland Company.

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Segmentation

The global Egg Replacers Market is segmented based on raw material/source, form, application, and region in the report.

The Egg Replacers Market has been segmented based on raw material into dairy protein, starch, soy-based products, algal flour and yeast extracts, and others. Dairy protein dominates the global Egg Replacers Market at present but is likely to be overshadowed by the soy products segment over the forecast period, as soy products can also be consumed by the lactose intolerant demographic. The growing prevalence of lactose intolerance is likely to be a major driver for the soy-based products segment over the forecast period.

Based on application, the Egg Replacers Market is segmented into bakery and confectionery, savories and snacks, sauces and spreads, and others. The bakery and confectionery segment is likely to dominate the global Egg Replacers Market over the forecast period due to the growing demand for vegan products in the bakery products industry.

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Regional Analysis

Asia Pacific is likely to dominate the global Egg Replacers Market over the forecast period due to the cheap raw material and production costs in the region. The relatively lax regulations in the region are also conducive to steady growth of the egg replacer market. The widespread prevalence of avian influenza in Asia Pacific, especially Southeast Asia, is also likely to be a major driver for the Egg Replacers Market in the region over the forecast period.

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COVID-19 Impact On Sweeteners Market Share, Emerging Upstarts and Market Transitions Forecast To 2023

 Sweeteners Market Overview

The global Sweeteners Market has been growing rapidly, mainly due to the increasing concerns associated with obesity and diabetes among the rapidly growing population. The burgeoning food and beverages industry is witnessing an augmenting demand for low-calorie food products. Moreover, consumer preference inclined towards adopting natural and plant-based food products is escalating the market, globally.

Acknowledging the exceeding growth, the market is witnessing at present, Market Research Future (MRFR) in its recently published study analysis asserts that the global Sweeteners Market Share is expected to demonstrate a voluminous growth by 2023, registering an impressive CAGR throughout the forecast period (2017-2023). 

Sweeteners are food additives that are used to substitute sugar content in food products; hence, they are also referred to as sugar substitutes. Low in calories, sweeteners can provide a sweet taste like that of sugar. As a result, sweeteners find a wide range of application in the food and beverage industry including bakery and confectionery, dairy and frozen desserts, beverages, and others.  Due to its low-calorie contents, sweeteners are also used as a healthy alternative to sugar.

Major Players:

Key players leading the Sweeteners Market include-

• Kerry Group PLC (Ireland)
• Archer Daniels Midland Company (US)
• Cargill Incorporated (US)
• Tate & Lyle plc (UK)
• DuPont Nutrition & Health (Denmark)
• Ajinomoto (Japan)
• Celanese Corporation (US)

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Global Sweeteners Market   - Regional Analysis

North America heading with its largest bakery and confectioneries market would retain its dominance over the global Sweeteners Market throughout the forecast period. Moreover, factors such as the high disposable income of consumers alongside the presence of major players and the new product launches by them are stimulating the sales of sweeteners in the North American countries. The US and Canada account for the key contributor to the market growth due to the presence of the prominent consumers of sweeteners.

The Sweeteners Market in the European region accounts for the second-largest market, globally. Factors such as the massive demand for processed foods and growing inclination towards usages of food additives are impacting the growth of the regional market, positively.

The Asia Pacific Sweeteners Market is estimated to emerge as a promising market, globally. The large production units in countries like China and India contribute to the growth of the regional market. Also, the market is observing substantial growth over the past few years due to the increasing sales of sweeteners in the region.

Sweeteners Market   - Segmentation

Global Sweeteners Market is segmented by type, application, and regions

By Type                      : Natural (stevia, xylitol, erythritol) and Artificial (aspartame, sucralose, neotame, and others).

By Application           : Bakery & Confectionery, Dairy & Frozen Desserts, and Beverages among others.

By Regions                :  Asia Pacific, North America, Europe, and Rest-of-the-World (RoW).

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COVID-19 Impact On Green Tea Industry New Research Report, Size, Share, Industry Growth Opportunity by 2024

 Green Tea Market Scenario

The global Green Tea Market is expected to garner a revenue of USD 9 billion by 2024, with a CAGR of 5.8% during the forecast period, 2019–2024. Green Tea Market is made from camellia sinensis leaves that have undergone minimal oxidation during processes. The various health benefits of green tea are increasing the demand for it among consumers. One of the significant reasons for the growth of the green tea market is the medicinal benefits of green tea. The global Green Tea Industry is expected to garner a revenue of USD 9 billion by 2024, with a CAGR of 5.8% during the forecast period, 2019–2024.

The Global Green Tea Market is witnessing an impressive growth over the last few years. This is attributed by the rising health conscious people both in developed and developing economies. Also, increasing disposable income of the consumer is anticipated to be the significant reason of the growth of green tea during the forecast period. Increasing cardiovascular diseases and obesity cases are anticipated to fuel the sales of green tea during the forecast period. 

Key Players
Arizona Beverages USA (US), Tata Global Beverages Limited (India), The Republic of Tea (US), Unilever PLC (UK), East West Tea Company, LLC (US), The Bigelow Tea Company (US), Numi, Inc. (US), Starbucks Corporation (US), Organic India (India), Associated British Foods plc (UK), Mekor Corporation (US), Koninklijke DSM N.V. (the Netherlands), Cape Natural Tea Products Pty Ltd (South Africa), Celestial Seasonings (US), and Hankook Tea USA, Inc. (US) are some of the key players in the global green tea market.

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Segmentation
The Global Green Tea Market has been segmented based on form, category, distribution channel, and region.
By form, the global Green Tea Market has been classified as powder, tea bags, loose-leaf, and others. The tea bag segment held a significant market share in the global green tea market, and the same segment is expected to be the fastest-growing segment.
Based on category, the global Green Tea Market has been bifurcated into organic and conventional. The conventional segment holds a larger market share in the global green tea market. However, the organic segment is expected to register the higher CAGR during the review period.

Regional Market Summary
Asia-Pacific accounted for the largest market share in 2018. The region’s dominance and growth can be attributed to the increasing consumption of healthy food and beverages among health-conscious people. North America is expected to be the fastest-growing region in the green tea market. The rise in consumer awareness regarding the benefits associated with green tea is majorly driving the growth of green tea market in this region. 

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Feed Acidulants Industry Growth, Report by Key Manufacturers Analysis with Trades, Revenue, Gross Margin, Forecast to 2023

 Market Highlights

The rapid growth of the aquaculture industry due to the rising consumption of seafood is boosting the sales of acidulants for aquaculture feed. The global feed acidulants market has been segregated, by application, into ruminants, poultry, swine, aquaculture, and others. The poultry segment is expected to be dominant during the review period owing to the high consumption of additives in poultry feed. However, the aquaculture segment is expected to register the highest growth rate during the forecast period due to the surging demand for aquaculture feed.

Global Feed Acidulants Industry Growth are additives mixed in animal feed to impart flavor. They are also used as preservatives to inhibit the growth of mold in feed. Such additives increase the acidity of the product. These organic acids are emerging as an effective substitute for antibiotics in animal feed. In the US and Europe, a ban on the use of antibiotics in feed is one of the major determinants that is driving the growth of the feed acidulants market.

Competitive Analysis:

Some of the key players in the Global Feed Acidulants Market are-

• Jefo Nutrition Inc. (Canada)
• BASF SE (Germany)
• Novus International (US)
• Yara (Norway)
• Kemin Industries Inc. (US)
• Kemira Oyj (Finland)
• Peterlabs Holding (Malaysia)
• Biomin Holding GmbH (Austria)
• Anpario plc (UK)
• Nutrex NV (Belgium)
• Tate & Lyle (UK)

Regional Analysis

The Global Feed Acidulants Market has been segmented, on the basis of region, into North America, Europe, Asia-Pacific, the rest of the world.

Asia-Pacific is projected to dominate the global feed acidulants market and the regional market is projected to register the highest CAGR during the forecast period owing to the increasing production and consumption of animal feed in the region. India, Japan, China, and Thailand are the major contributors to market growth in the region.

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Segmentation

The global feed acidulants market has been segmented based on type, form, application, and region.

Based on type, the global feed acidulants market has been divided into lactic acid, formic acid, propionic acid, malic acid, citric acid, sorbic acid, acetic acid, and others.

The global feed acidulants market has also been bifurcated, on the basis of form, into dry and liquid.

By application, the global feed acidulants market has been categorized as ruminants, poultry, swine, aquaculture, and others.

The global feed acidulants market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.

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Commercial Seaweeds Industry Research, Competitor Strategy, Industry Trends and Forecast To 2023

 Commercial Seaweeds Market Highlights

Seaweeds are a group of multicellular and photoautotrophic algae, that occur in marine environments and are generally found attached to rock or a hard substratum. Due to its high nutrients content seaweeds are used in number of applications, including food supplements, medicines, industrial chemicals, and as a potential component for biofuel research and CCS (carbon capture and sequestration).

Based on type, the Global Commercial Seaweeds Industry has been segmented into red seaweeds, brown seaweeds, and green seaweeds. The brown seaweeds segment is anticipated to gain the largest revenue share in the global commercial seaweeds market and shall maintain lead throughout the forecast period. Brown seaweeds contains iodine and tyrosine, which help in maintaining thyroid function of the body. These are also good source of vitamins and minerals, such as iron, manganese, copper, vitamin B2, vitamin B1. Moreover, seaweeds also consist of small amount of vitamins A, C, E, and K along with folate, zinc, sodium, calcium and magnesium. Thus, these properties help to improve bone health, balance hormones, reduce fatigue, hypothyroidism, and menstrual problems. This is a crucial determinant that is boosting the growth of brown seaweeds segment in the global commercial seaweeds market.

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Key Players

Some of the key players in the global commercial seaweeds market are-

• Cargill, Incorporated (US)
• DowDuPont Inc. (US)
• Algaia SA (France)
• Compañía Española de Algas Marinas S.A. (Spain)
• Extractos Naturales Gelymar S.A.(Chile)
• Acadian Seaplants Limited (Canada)
• CP Kelco U.S., Inc. (US)
• Biostadt India Limited (India)
• COMPO EXPERT GmbH (Germany)
• Compagnie Financiere et de Participations Roullier S.A. (France)

Market Segmentation

The global commercial seaweeds market has been segmented based on type, method of harvesting, form, application and region.

By type, the global commercial seaweeds market has been classified as red seaweeds, brown seaweeds, and green seaweeds.

By method of harvesting, the global commercial seaweeds market has been classified as aquaculture and wild harvesting.

Based on form, the global commercial seaweeds market has been segmented into liquid, powder, flakes, and others.

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Regional Analysis

The Global Commercial Seaweeds Market has been segmented based on region, into North America, Europe, Asia-Pacific, Rest of the World.

Asia-pacific is expected to dominate the Global Commercial Seaweeds Market owing to presences various species seaweeds in the region. Countries such as China, Indonesia and Japan are among the largest suppliers of commercial seaweeds in the region.

North America and RoW commercial seaweeds market is expected to grow at a rapid pace due to the surging prevalence and consumption of commercial seaweeds in the regions. Moreover, North America is also expected to project a significant market share owing to the increasing awareness regarding the mineral and vitamin content of seaweeds.

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Worldwide COVID-19 Pandemic Impact on Feed Pigments Type Industry Top Key Players, Global Industry Analysis, Forecast To 2023

Market Overview

Feed pigments are either naturally derived or synthetic substances used to enhance the shade of the animal skin which is an important marketing factor. The feed pigments help in stimulation and secretion of digestive enzymes, which, in turn, stimulate the immune response in the livestock. Additionally, feed pigments market is observing an exponential growth based on its increasing usage in the feed industry. The major types of feed pigments available in the market include carotenoids, curcumin, spirulina, and others.

The Global Feed Pigments Type Industry is growing due to increasing meat consumption. With the growing consumer awareness and their increasing interest in healthy lifestyle, the demand for feed pigments has increased recently. In addition to the changing lifestyle, the rise in the meat consumption, quality feed, industrialization of livestock, and the prevention of diseases in livestock are expected to drive the feed pigments market.

Downstream analysis

Feed pigments market is segmented based on type, which includes carotenoids, curcumin, spirulina, and others. Among them, the carotenoids segment is anticipated to dominate the market followed by the spirulina segment. Moreover, the curcumin segment is witnessed to have a substantial growth over the forecast period.

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Based on source, the feed pigments market is segmented into natural feed pigments and synthetic feed pigments. The natural feed pigments are projected to have a potential growth over the forecast period.

Based on the livestock, the feed pigments market is segmented into poultry, ruminants, swine, and others. Among all, the poultry segment is dominating the market based on the increased consumption of poultry and meat products globally. However, the ruminants segment is witnessed to gain a moderate growth over the estimated period.

Competitive analysis

The major players in the feed pigments market

• BASF SE (Germany)
• Royal DSM N.V. (The Netherlands)
• Novus International, Inc. (U.S.)
• Nutrex NV (Belgium)
• Kemin Industries Inc. (U.S.)
• Behn Meyer Group (Singapore)
• Synthite Industries Ltd (India)
• Kalsec Inc. (U.S.)

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Regional Analysis

The global feed pigments market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). The Asia Pacific region is dominating the feed pigments market followed by North America owing to rising population followed by increasing consumption of poultry and meat products in developing regions. Moreover, China is the major exporter of poultry and meat, which, in turn, drives the market of feed pigments in the Asia Pacific region.

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Worldwide COVID-19 Pandemic Impact on Feed Palatability Enhancers Industry Business Opportunities, Trends, Drivers, Forecast To 2024

Market Overview:

Feed palatability enhancers are added to livestock food formulation to enhance the taste, texture, and aroma of the feed. They help to improve the quality of the feed which contributes to increased feed intake among the livestock. The most commonly added feed palatability ingredients include flavors, sweeteners, aroma enhancers, and others. They contribute towards improved animal health and reduce the livestock diseases which further helps in quality of products derived from livestock. Growing livestock industry is driving the market for feed palatability enhancers.

Global Feed Palatability Enhancers Industry are means to improve the quality of livestock feed, increase feed consumption and enhance the performance of the livestock. Growing population in developing countries has increased the demand for production and consumption of poultry, swine, aquaculture, and other livestock which is driving the market for feed palatability enhancers. Moreover, rising cost of natural feed is boosting the growth of feed palatability enhancers market.

Downstream analysis:

Feed palatability enhancers market is segmented by types such as flavors, sweeteners, aroma enhancers, and others. Among all, the flavors segment is anticipated to be the fastest growing segment followed by the aroma segment over the forecast period.

Based on livestock, feed palatability enhancers can be segmented into ruminants, poultry, swine, aquaculture, pets and others. Among all, the pets segment is dominating the market in consumption of feed palatability enhancers market. However, the poultry segment is projected to grow substantially over the forecast period.

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Competitive analysis:

The major players in the feed palatability enhancers market

• DuPont (U.S.)
• Associated British Foods PLC (U.K)
• Diana Group (France)
• Kerry Group PLC (Republic of Ireland)
• Eli Lilly and Company (U.S.)
• Kent Feeds Inc. (U.S.)
• Ensign-Bickford Industries Inc. (U.S.)

Regional Analysis:

The global feed palatability enhancers market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW). Asia Pacific is dominating the feed palatability enhancers market followed by North America. In Asia Pacific, rising population followed by increasing consumption of livestock in developing countries of Asia Pacific is boosting the feed palatability enhancers market. Moreover, China is experiencing rising trend in having pets which are growing the demand for feed palatability enhancers in pet foods in this region.

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In North America, the U.S. is dominating the market owing to increasing demand for meat products. Moreover, rising demand for poultry and swine products in Europe will boost the feed supplement market. Additionally, Brazil and the Middle East regions are witnessing growth owing to increase in demand for protein intake from swine and poultry applications.

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Jerky Market Regional Analysis, Type, Application, Growth, Trends, Outlook, Segmentation, Forecast To 2025

Market Forecast

The Global Jerky Market is projected to be valued at USD 4.9 Billion by 2025, expanding at a CAGR of 6.6% between 2019 and 2025. The market has been growing by 50% since 2010. Currently, jerky is not only manufactured from different types of meat, but also from plant-based substitutes to cater to the growing demand by vegetarian and vegan consumers. Growth in the food tourism has significantly contributed to the growth of the jerky market. High competition owing to presence of large number of players in this market is forcing manufacturers to continuously focus on product innovation and development. The manufacturers have introduced products with various labels such as organic, grass-fed, and produced without antibiotics.

The global Jerky Market has witnessed high growth in the recent years owing to increasing preference for high-protein snacks. Jerky accounted the largest share of around 55% of the global meat snacks market, which valued at nearly USD 5.8 billion in 2018. Meat snacks have gained popularity due to increasing health consciousness among the consumer, product innovation, easy availability, and increasing demand for on-the-go food products. 

Key Players

• The Blue Ox Jerky Company (Blue Ox) (US)
• Jack Link's Beef Jerky (Jack Link’s) (US)
• The Hershey Company (Krave) (US)
• Oberto Snacks Inc. (Oberto) (US_
• Conagra Brands (Duke’s, Slim Jim) (US)
• Country Archer Jerky Co. (US)
• Devour Foods (US)
• Old Trapper (US)
• JerkyXP (US)
• Marks and Spencer (UK)
• Wild Bill’s Food (US)
• Newport Jerky Company (US)
• Boston Jerky Co. LLC. (US)
• The Greeneville Jerky Company (US)
• Golden Island Jerky Co., Inc. (US)

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Growth Opportunities in the Market

Dominance of beef jerky in the market: The beef jerky segment dominated the global jerky market in 2018 and this trend is expected to continue during the forecast period. Beef jerky has high protein content and low calories. Additionally, it is convenient to carry and has a long shelf life. Thus, it has become a practical and healthy snack for consumers. Beef jerky is also projected to be the fastest-growing segment. witnessing the growth of around 7% in last one year among all other types. Jack Link’s brand of beef jerky accounted for more than 51% share of the beef jerky market in the US.

Convenience stores to remain a popular choice to purchase jerky among consumers: Convenience stores is the most preferred choice among the consumers for buying meat snacks and jerky due to increased preference for on-the-go food and growing trend for travelling and tourism. Consumers are increasingly shopping at supermarkets and hypermarkets such as Walmart, Tesco, and Target due to their widespread network and availability of jerky in a variety of types, flavors, and brands. However, e-commerce portals are gaining popularity among consumers due to the ease of home shopping and availability of choices.

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Feed Phytogenic Industry Worldwide Growth Industry Application Analysis, Size, Share, Forecast To 2025

Market Synopsis

Global Feed Phytogenic Market is expected to reach USD 1.04 Billion by 2024 at a CAGR of 8.5%.

Phytogenics are natural growth promoters. They are added to livestock feed to promote growth, aid in digestion, and act as anti-microbial agents. Phytogenics have found increased use over traditional feed additives as they are 100% natural and do not contain antibiotics.

Currently, the palatability enhancers segment is larger as these additives are not subject to stringent regulations. Performance enhancing feed phytogenic must comply with strict regulations, especially in Europe and North America. Performance enhancing Feed Phytogenic Industry are known to be more effective than their artificial counterparts, thus, contributing to market growth.

Phytogenic additives enhance the flavor of the feed while aiding digestion. Phytogenic compounds containing certain herbs, spices, and oils, specifically lemon and caraway oil, aid in the growth of certain animals. Using artificial feed additives to promote growth results in several unwanted side effects. The livestock industry is consequently shifting to phytogenic feed additives. Phytogenic feed additives also reduce ammonia emission from livestock, thereby reducing nitrogen pollution.

Segmentation

By Type

Essential Oils: The largest and fastest-growing market segment. Essential oils find applicability in feed for all livestock and are especially beneficial in the large poultry feed industry. In the ruminant industry, the application of essential oils results in a marked reduction of nitrogen pollution by reducing ammonia emissions.

Oleoresins: More resistant than essential oils and less soluble, oleoresins find increasing use in the poultry industry where they are shown to enhance liver function. They combine the effects of essential oils along with the properties of herbs and spices.

By Livestock Type

Ruminant: The ruminant segment is the second largest. The large bovine population in Asia and the Americas are driving the growth of the segment. The emphasis on enhanced dairy production and the ban on antibiotics for livestock are further fueling growth.

Swine: China, Germany, and the US as the world’s largest consumers of pork, with China consuming more pork than the others combined. With pork being susceptible to multiple diseases and pathogens that can be transferred via consumption, maintaining swine health is a priority that is driving the growth of the segment.

Poultry: The largest market segment. With over 16 billion chickens in the world and many millions of ducks and pheasants, the poultry industry is the largest in the world. The use of feed phytogenics has shown to increase weight and reduce ammonia emissions of poultry, thereby enhancing health.

By Action

Performance Enhancers: The market segment with the most potential, it is currently underdeveloped due to heavy regulations and the need for research on the effects of performance enhancers.

Palatability Enhancers: The largest market segment, palatability enhancers ensure feed consumption, thereby reducing feed wastage and promoting animal growth. This segment is expected to grow due to limited regulations and low costs for manufacturing palatability enhancers.

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Key Players

• Biomin Holding GmbH (Austria)
• Cargill Inc. (US)
• DowDupont (US)
• Kemin Industries, Inc. (US)
• Phytobiotics Futterzusatzstoffe GmbH (Germany)
• Bluestar Adisseo Company (China)
• Synthite Industries Ltd. (India)
• The Himalaya Drug Company (India)
• Pancosma (Switzerland)
• Dostofarm GmbH (Germany)
• Phytosynthese (France)
• Silvateam S.P.A. (Italy)
• Delacon Biotechnik GmbH (Austria)
• Natural Remedies (India)

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Biofortification Market Analysis, Demand, Size, Share, Region, Forecast To 2024

Market Highlights

The process of breeding crops to improve their nutritional composition is known as biofortification. Rising initiatives by government and non-government organizations to lower nutrition deficiency is a major determinant driving market growth. Biofortification has strong growth potential in the developing economies in Africa and Asia-Pacific owing to the presence of an unregulated market environment and high prevalence of undernourishment. 

The global Biofortification Market Analysis has been segmented by targeted crop, approach, targeted nutrient, and region.

Based on targeted crop, the global biofortification market has been segmented into cereals and grains, fruits and vegetables, legumes and pulses, oilseeds, and others. The cereals and grains segment is expected to be the largest revenue generating segment during the assessment period. Cereals and grains such as rice, wheat, and pearl millet are commonly consumed staple foods in several developing economies. In addition, they are an inexpensive source of nutrition and are produced in large quantities, especially in Asia-Pacific. Owing to this, cereals and grains are increasingly being genetically modified to enhance their nutrient content and overcome the increasing prevalence of iron and zinc deficiencies. However, the fruits and vegetables segment is expected to register the highest growth rate during the forecast period due to the increasing consumption of natural and fresh fruits and vegetables.

The global biofortification market has been segregated, by targeted nutrient, into vitamins, minerals, amino acids, and others.  The minerals segment is expected to be dominant during the review period due to the increasing prevalence of diseases caused by mineral deficiencies. For instance, anemia is caused due to an iron deficiency in the body. According to the World Health Organization (WHO), iron deficiency is the most prevalent nutritional disorder and approximately 30% of the global populace suffers from anemia due to prolonged iron deficiency. 

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Key Players

Some of the key players in the global biofortification market are DowDuPont (US), Syngenta (Switzerland), Bayer (Germany), HrvestPlus (US), and BASF SE (Germany).

Regional Analysis

The global biofortification market has been segmented, based on region, into Latin America, Africa, Asia-Pacific, the rest of the world.

Asia-Pacific is expected to dominate the global biofortification market during the forecast period due to the high production and consumption of released biofortified crops in the region. Moreover, the increasing R&D investments in agricultural operations and growth of the agriculture industry in the region are fuelling regional market growth. However, rising health awareness among people, increasing government initiatives, and surging prevalence of nutritional disorders in Africa are expected to result in the African market exhibiting the highest CAGR during the forecast period.

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