Growing Adoption of Environmentally Safe Crop Protection Products to Drive the Growth Insect Growth Regulators Market

The insect growth regulators market is mainly driven by the growing adoption of environmentally safe crop protection products. Furthermore, these compounds are highly convenient for use on crops such as cotton, tomatoes, wheat, and corn, among others. The insect growth regulators (IGRs) market is estimated to be USD 736.3 million in 2016 and is projected to reach USD 1,054.3 million by 2022, at a CAGR of 6.16%. 

There is a growing demand for insect growth regulators in commercial pest control management, indoors as well as outdoors. It can be mixed with insecticides to control mosquitoes, fleas, and other insects. Insect growth regulators interrupt the development of juvenile stages of targeted insects such as ants, cockroaches, fleas, ticks, mosquitoes, litter beetles, and flying insects to prevent them from becoming egg-laying adults. Additionally, they have low toxicity levels, and some are even approved to be used in food establishments.

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The chitin synthesis inhibitors segment accounted for the largest share among all the types of insect growth regulators, in 2016. The large share of this segment is due to their ability to restrict the early growth among insects by inactivating chitin synthesis, which is responsible for exoskeleton development.

The insect growth regulators market, by application, is estimated to be dominated by the agricultural segment in 2018. This dominance is attributed to the higher use of IGRs on field crops to control the infestation of insects and pests. These are also used for stored grains in warehouses. The crops on which insect growth regulator products are used include soybean and cotton.

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On the basis of form, the insect growth regulators market has been segmented into bait, liquid, and aerosol. Liquid insect growth regulators are usually in the form of concentrates and have a longer shelf life. The insect growth regulator products available in the form of concentrates are usually juvenile hormone analogs & mimics. They restrict the larvae from advancing into the adult form. Hence, the liquid form segment is estimated to account for the largest share in 2016.

North America is estimated to dominate the insect growth regulators market in 2016. The region’s high adoption of modern and less toxic pest control products for different applications is likely to contribute to the growth of this market.

The global market for insect growth regulators is dominated by key players such as Bayer CropScience (Germany), The Dow Chemical Company (US), Sumitomo Chemical Company (Japan), Syngenta AG (Switzerland), and Adama (Canada). Some other key players in the market are Platform Specialty Products Corporation (US), Nufarm Limited (Australia), Valent U.S.A Corporation (US), Russell IPM Ltd. (UK), and Central Gardens & Pets Co (US).

Betaine Market is Growing Due to Increasing Application in Nutraceuticals, Dietary Supplements & Sports Drinks

The health benefits of betaine are estimated to increase the number of applications of betaine in the global market. Betaine find applications in diverse industrial markets such as food & beverages, animal feed, cosmetics, detergents, and others such as pharmaceuticals and reagents.

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Betaine is one of the rapidly-growing markets in the food & beverages market. The rise in awareness about the nutritional value of betaine when used in dietary supplements as well as its multi-functional usage such as surfactant and methyl donor are the key factors driving its demand. The increasing popularity of energy and sports drinks, in which betaine is used has further extended the scope for the betaine market. It helps in enhancing physical performance, especially strength, power, and muscle endurance and leads to a better immune system.

Betaine is also used as a surfactant in cosmetics and personal care products due to its moisturizing and water-retention properties. It is also used in detergents and reagents. As an animal feed additive, it performs the function of methyl donor and helps to improve the metabolism of animals.

The betaine market is projected to reach USD 3.89 Billion by 2020, at a CAGR of 5.8% during the forecast period. In 2014, the market was dominated by North America, followed by Europe.

The betaine market is categorized into type, form, application, and region. On the basis of type, it is segmented based on synthetic betaine and natural betaine. On the basis of form it is segmented into betaine anhydrous, cocamidopropyl betaine, betaine monohydrate, and others (which include betaine HCL, betaine citrate, and betaine aspartate). On the basis of application, it segmentation is segmented into food & beverages, animal feed, cosmetics, detergents, and others (which include pharmaceuticals and reagents). The market has also been segmented on the basis of region into North America, Europe, Asia-Pacific, Latin America, and the Rest of the World (RoW).

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Key players are Associated British Food Plc (U.K.), BASF SE (Germany), E. I. du Pont de Nemours and Company (U.S.), Nutreco N.V. (The Netherlands), Solvay S.A. (Belgium), American Crystal Sugar Company (U.S.), Amino GmbH (Germany), Kao Corporation (Japan), Stepan Company (U.S.), and Sunwin Chemicals (China).

Astaxanthin Market is Growing Due to Rising Awareness Toward Preventive Healthcare & Nutraceuticals

Astaxanthin market is directly influenced by the increase in geriatric population which in turn impacts the preventive healthcare market changing consumer preferences toward healthy & wholesome diets, and increasing prevalence of nutritional deficiency, which drives the dietary supplements market.

The astaxanthin market is projected to grow at a CAGR of 8.02% from 2017, to reach a projected value of USD 814.1 million by 2022. The demand for astaxanthin is increasing due to various functions and end-use applications.

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Drivers

·         Growing Awareness Toward Preventive Healthcare & Nutraceuticals

·         Industrialization of the Feed Market

·         Increasing Demand for Cosmetic Products

Opportunities

·         Government Initiatives to Support Aquaculture

·         Growing Demand for Natural Antioxidants

·         Growing Demand from Emerging Countries

Challenges

·         Adulteration and Clean Label Requirements

·         Government Regulations in Different Countries

Based on source, the petroleum source dominated the market. Petroleum astaxanthin is preferred over natural astaxanthin due to the high production cost of natural astaxanthin, which translates to a high cost of the end product.

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Based on application, the feed segment dominated the astaxanthin market, accounting for the largest share in 2016. The market is driven by growing health awareness among consumers. Thus, companies are focusing on offering astaxanthin products for various applications, such as functional food, beverages, dietary supplements, animal nutrition, and personal care due to their health and skin benefits.

Based on form, the liquid segment is projected to grow at the highest CAGR. This form of astaxanthin is used in various applications, such as syrups and texturing agents that are used in food, beverage, and pharmaceutical industries.

Based on method of production, the chemical synthesis segment dominated the astaxanthin market, accounting for the largest share in 2016. Astaxanthin produced by chemical synthesis is economical but can adversely impact human health on consumption. However, the demand for synthetic astaxanthin remains high in aquaculture and feed application.

Key players in the astaxanthin market include Koninklijke DSM N.V. (Netherlands), BASF SE (Germany), Cyanotech Corporation (US), Otsuka Pharmaceutical Co., Ltd. (Japan), Valensa International (US), Fuji Chemical Industries Co. (Japan), Divis Laboratories Ltd. (India).

Increase in Popularity of Convenience Foods is Boosting the Demand for Plant Extracts

The rising awareness regarding the side-effects of synthetic flavors and health benefits offered by phytomedicines and herbal extracts have significantly fueled the market for plant extracts. Further, due to the growth in R&D activities in plant extracts market and increase in popularity of convenience foods, there has been a growing need for plant extracts in food & beverage industry.

The pharmaceuticals & dietary supplements segment is expected to be the largest application segment of the plant extracts market. This can be attributed to increasing consumer awareness about the benefits of herbal medicines over allopathic medicines. Further, as a result of the growing incidents of illnesses due to stressful and busy lifestyles, consumers are demanding functional food & supplements for regular consumption. Some of these supplements include phytomedicines and herbal extracts, which are composed of naturally occurring components; they are scientifically demonstrated to promote positive effects on the target functions beyond basic nutrition.

The demand for phytomedicines & herbal extracts is increasing significantly in various applications, including skincare, health care, functional food, nutraceuticals, and cosmetics, due to the growing awareness of its health benefits among consumers. Also, improper use of antibiotics causes certain bacteria strains to develop resistance, which further leads to fatal consequences. These instances have encouraged the demand for plant-based medicines and supplements.

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Leaves and herbs are used since ancient times to manufacture herbal medicines. However, they are now gaining tremendous popularity due to the changing consumer trend of using natural products rather than synthetic ones.

Due to high Vitamin A, Vitamin K, Vitamin C, magnesium, iron, potassium, and calcium content, basil extracts are used extensively in food & beverage applications. Similarly, mint extracts have broad applications in personal care and pharmaceutical products, as they generally help in treating allergies, fighting bowel infections, and treating the common cold.

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In 2018, Asia Pacific constituted a market share of 56.5% within the plant extracts market. The market for plant extracts in the region is thriving due to strong local and international demand.  The Asian countries such as China and India have a sizeable tropical area, having diverse medicinal and herbal plants. This allows small and medium-sized manufacturers of plant extracts, to have efficient processing of plant extracts as they are aware of the benefits offered by them, owing to the rich history of producing medicinal plants with advanced technology. Manufacturers in Indonesia, India, and Thailand are continuously investing in the market and focusing on innovation to expand their product range.

The key players profiled in the plant extracts market include Givaudan (Switzerland), Sensient Technologies (US), Symrise AG (Germany), Kangcare Bioindustry Co., Ltd. (China), PT. Indesso Aroma (Indonesia), PT. Haldin Pacific Semesta (Indonesia), Vidya Herbs Private Limited (India), Tokiwa Phytochemical Co., Ltd., Native Extracts Pty. Ltd. (Australia), Shaanxi Jiahe Phytochem Co., Ltd. (Jiaherb, Inc.) (China), Synthite Industries Private Ltd. (India), Döhler (Germany), International Flavors & Fragrances, Inc. (US), Martin Bauer GmbH & Co. KG (Germany), and Arjuna Natural Extracts Ltd. (India).

Aseptic Processing Market: Asia-Pacific is the Fastest-Growing Region Followed by Europe

Factors such as increase in urban population, demand for pharmaceutical supplies, and rise in demand for convenience products have propelled the growth of the global aseptic packaging and equipment industry. With the increase in demand for convenience and quality food products, people are opting for packaged food products, which is an opportunity for aseptic packaging and equipment manufacturers.

The global aseptic processing market is classified in two parts, namely, packaging market and equipment market. The equipment market is projected to reach USD 12.24 Billion by 2022, growing at a CAGR of 3.8% from 2017, in terms of value. The packaging market is projected to reach USD 77.25 Billion by 2022, growing at a CAGR of 10.6% from 2017, in terms of value.

The segments considered for the packaging market are based on the types of aseptic packages, the material used, the applications and regions these packages are used in. The types of aseptic packages studied include cartons, bottles & cans, bags & pouches, pre-filled syringes, vials & ampoules, and others. The segmentation based on material used consists of plastics, glass & wood, metal, and paper & paperboard. The final segment, that is, region, consists of North America, Europe, Asia-Pacific, and Rest of the World (RoW).

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Packaging equipment segment is growing at the highest CAGR in the equipment market

In 2015, the packaging equipment segment accounted for the largest share in the equipment market in terms of value, which is also projected to grow at a higher CAGR from 2017 to 2022. There is an increase in trend of application industries demanding integrated machines. Thus, the manufacturers are attempting to integrate the aseptic processing machines into the filling operations or the packaging machines, which is expected to accelerate the growth of the packaging equipment market in the forecast period. The equipment used in the packaging segment are filling, sealing, and closing. Filling linear machines and rotary machines are largely used in the packaging segment.

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Food & beverages: The dominance of the segment will continue in the equipment market

In 2015, the food & beverage segment accounted for the largest share in the equipment market in terms of value, and is projected to grow at a higher CAGR from 2017 to 2022. The various dairy products that undergo aseptic processing and packaging include, UHT milk, creams, fermented dairy products, concentrated and condensed milk, flavored & formulated dairy products, and other dairy products. Beverage products include, fruit juices, carbonated drinks, tea, coconut water, and energy drinks. The dairy and beverages subsegment is expected to experience the highest growth, owing to the new consumer base demanding more of healthy and tasty products, and this is expected to intensively drive the dairy and beverages subsegment of food & beverages. Demand for greater variety in flavor and increase in demand for existing flavors such as chocolate, strawberry, and banana are also the major drivers to boost the dairy product range.

Pharmaceuticals sub-application is growing at the highest CAGR in the industrial application segment of the equipment market

On the basis of sub-application, the industrial application segment is segmented into pharmaceuticals and cosmetics. Increase in awareness of using highly sterile devices, innovations of new drugs, improved packaging techniques, and growth in demand for pharmaceutical supplies are some of the major drivers of the aseptic processing and packaging equipment demand in the pharmaceutical industry.

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Asia-Pacific is projected to be the fastest-growing region in the aseptic processing market

Asia-Pacific is projected to be the fastest-growing market for packaging as well as the equipment market of the aseptic processing market, owing to its increasing economy with a large population base ready to spend on processed food and rapidly growing consumer markets of China, India, and Japan.

In this region, technological advancements and the need for innovative packaging have resulted in new opportunities for aseptic processing. The growth in demand for packaged milk & dairy products and convenience products, and innovations of new drugs and improved packaging techniques, raise the need for the growth of the aseptic processing market.

Market Ecosystem

The various contributors involved in the value chain of aseptic processing include, raw material providers, such as paper, plastic, metal and glass manufacturers; dairy & beverage manufacturers; food & beverages manufacturers; pharmaceutical manufacturers; personal care product suppliers; aseptic packaging and equipment manufacturers such as Robert Bosch GmbH (Germany), E.I. Du Pont De Nemours and Company (U.S.), Tetra Laval International S.A. (Switzerland), SPX FLOW, Inc. (U.S.), IMA S.p.A (Italy), Becton, Dickinson and Co (U.S.), Amcor Limited (Australia), GEA Group (Germany), Greatview Aseptic Packaging Co., Ltd (China), and JBT Corporation (U.S.); government bodies & regulatory associations such as the Food and Drug Administration (FDA), the Aseptic and Antimicrobial Processing and Packaging Association (AAPPA), and the Parenteral Drug Association (PDA).

The Increasing Application of Genomics in Plant Breeding to Drive The Plant Genomics Market in Coming Years

The increasing application of genomics in plant breeding and conservation of genetic resources are techniques that are gaining the attention of many researchers globally and are driving the growth of the market. The plant genomics market is estimated to account for a value of USD 7.3 billion in 2019 and is projected to grow at a CAGR of 8.3% from 2019, to reach a value of USD 11.7 billion by 2025.

The molecular engineering segment is estimated to witness the fastest growth in the plant genomics market, in terms of value, from 2019 to 2025

Molecular engineering is the process of improving the genotypic characteristics of plants through the application of molecular markers. Plant molecular engineering is the process of modification of plant material or plants for the production of novel compounds or to improve the efficiency of beneficial products. The benefits associated with molecular engineering technologies are the major factors contributing to the fastest growth of this market, globally.

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The DNA/RNA sequencing segment, by objective, is estimated to account for the largest market share, by value, in 2019

Based on objective, the plant genomics market is segmented into DNA extraction & purification, DNA/RNA sequencing, genotyping, gene expression profiling, marker-assisted selection, GMO-trait purity testing, and other objectives. DNA sequencing is the process of determining the precise order of nucleotides within a DNA molecule. It includes any method or technology that is used to determine the order of the four bases—adenine, guanine, cytosine, and thymine—present in a strand of DNA. The DNA sequencing technologies used in plant genomics are Illumina HiSeq, next-generation sequencing, Pacific Biosciences long-read sequencing, 10x Genomics linked reads, Dovetail Hi-C, and BioNano Genomics optical maps. Thus, DNA/RNA sequencing is estimated to be the most popular service offering in the plant genomics market.

The demand for healthy cereals & grains has created opportunities for seed manufacturers to adopt modern plant sequencing techniques

The growth in the adoption of various molecular breeding types, such as molecular engineering and genetic engineering tools, would increase the performance of crops to gain better prices in the market. The focus of the plant breeders and plant sequencing companies is on cereals and grains because they are the staple diet of the population in almost all the regions, and as the population of the world is increasing, so is the demand for the staple food. Among cereals & grains, rice, wheat, and corn are majorly bred using plant breeding & sequencing techniques, to develop high-performing varieties. Rice, along with wheat and corn, underpins the global food supply.

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Asia Pacific is projected to grow at the highest CAGR of 8.9% during the forecast period

The key players in various countries of the Asia Pacific region are focusing on directing their investments toward biotechnology research on food crops and crops of high commercial value to cater to the increasing food requirements and to reduce poverty, particularly among resource-poor farming households. The expansion of biotech crop area in these countries has led to the increasing adoption of plant genomic techniques, such as genetic engineering and DNA sequencing. Due to these factors, the market in the Asia Pacific region is projected to record the highest growth from 2019 to 2025.

This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the plant genomics market. It includes the profiles of leading companies such as Eurofins Scientific (Luxembourg), Illumina, Inc. (US), NRGene (Israel), Neogen Corporation (US), Qiagen (Germany), Agilent Technologies (US), KeyGene (Netherlands), LC Sciences (US), Traitgenetics GmbH (Germany), Novogene Corporation (China), Oxford Nanopore Technologies (UK), Genewiz (US), BGI Genomics (China), Genotypic Technologies (India), and Floragenex (US).

Yeast Market is Growing Due to Growing Bakery Industry & Increasing Demand for Convenience Food

The global yeast market has witnessed a steady growth over the last few years. The market size is projected to reach USD 5.40 Billion by 2022, at a CAGR of around 9.0% from 2017 to 2022. The growth of the bakery industry and increasing demand for convenience food are the major drivers that have contributed to the growth of the market.

The yeast market, by type, is segmented into baker’s yeast, brewer’s yeast, wine yeast, bioethanol yeast, feed yeast, and others (nutritional and supplement yeast). The increasing trend of consumption of processed food items and bakery foods is leading to a high demand for baker’s yeast in developing economies.

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By application, the market has been segmented into food, feed, and others (including pharmaceutical and industrial). The yeast application in the food segment has been increasing due to the increasing use of yeast in snack seasonings, ready-to-eat meals, processed fish, meat and analogs, dairy, bakery, beverages, and dietary supplements.

By form, the market has been segmented into fresh yeast, dry yeast, instant yeast, and others (including bread machine and rapid-rise yeast). The fresh yeast segment accounted for the largest market due to its wide use in bakery products such as bread, biscuits, and pastries.

The specialty yeast market, by type, is segmented into yeast extracts, and yeast autolysates, other yeast derivatives, and others. Other yeast derivatives include yeast flavor enhancers, yeast saccharides, and yeast pigments, and others include nucleotides, minerals, and vitamins. The need for developing high performing yeast at the lowest prices for the highly competitive end-product market is the key driver of the specialty yeast market.

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The global yeast market was dominated by Europe in 2016. North America is projected to be the fastest-growing market from 2017 to 2022. The European yeast market is witnessing growth due to the increasing consumption of processed food products, increasing alcohol consumption, and increasing awareness about the nutritive value of yeast.

The global yeast market is characterized by moderate to low competition. Acquisitions and expansions & investments are the key strategies adopted by the key market players to ensure their growth in the market. The market is dominated by players such as Associated British Foods plc (U.K.), AngelYeast Co., Ltd (China), Lesaffre Group (France), Chr. Hansen Holding A/S (Denmark), and Koninklijke DSM N.V. (Netherlands). Other players include Lallemand Inc. (Canada), Alltech, Inc. (U.S.), Leiber GmbH (Germany), Oriental Yeast Co., Ltd.(Japan), and Synergy Flavors (U.K.).

Specialty Fats & Oils: An Emerging Market with Attractive Growth Opportunities

The specialty fats & oils market is driven by factors such as the increasing gap between cocoa butter demand & supply and an increase in the consumption of confectionery and processed foods. The major players in the food industry are investing in R&D activities to expand their specialty fats & oils product portfolios and attract more consumers by providing innovative products.

The global specialty fats market was valued at USD 2.13 Billion in 2017, and is projected to reach USD 3.66 Billion by 2023, growing at a CAGR of 9.4%. The global specialty oils market was valued at USD 14.67 Billion in 2017, and is projected to reach USD 21.19 Billion by 2023, growing at a CAGR of 6.3%.

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Drivers

·         Increasing Gap Between Cocoa Butter Demand and Supply

·         Growth in the Consumption of Confectionery and Processed Foods

Opportunities

·         Demand for Clean-Label Products from Consumers

·         Growing Production and Trade of Raw Material

On the basis of oil types, the specialty fats & oils market is segmented into palm oil, soybean oil, coconut oil, cottonseed oil, and rapeseed oil. The palm segment accounted for the largest share, followed by the soybean segment in 2016. Palm oils are majorly used to produce specialty oils & fats due to their compositions and wide availability. Palm oil is refined, bleached, and deodorized (RBD) to obtain specialty fat.

On the basis of application, the specialty fats & oils market is segmented into chocolates & confectioneries, bakery products, processed foods, and dairy products. The bakery products segment accounted for the largest share in 2016. High-income countries such as the UK, Canada, the US, Germany, and Spain have experienced growth in the production and consumption of ultra-processed food, mainly bakery products such as bread, pastries, cakes, and cookies, in the past few years. Shortenings, creaming fats, and specialty oils, such as cake oils, are increasingly used to enhance the product performance and to ensure higher consumer acceptance. These factors have accelerated the growth of this segment.

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On the basis of form, the dry segment accounted for a larger market share in 2016, followed by the liquid segment. Commercially, vegetable oils are processed to attain a solid fat with optimum fat content to provide the required melting properties in a particular application. Their dry form also helps them to function as a replacer for dairy and cocoa fats and bear a resemblance either in the physical and/or chemical properties to dairy butter, dairy whipping cream, and cocoa butter without compromising on the palatability and quality of the end product. Due to these factors, the market for the dry form of specialty fats accounted for a larger share.

The Asia Pacific region is projected to be the fastest-growing market, and it also accounted for the largest share in 2016. The rising income, purchasing power, rapid growth of the middle-class population, and consumer demand for processed products provide promising prospects for growth and diversification in the region’s specialty fats & oils sector.

Growth opportunities and latent adjacency in Bottled Water Processing Market

The bottled water processing market is projected to grow at a significant growth rate due to factors such as increase in trends of premium & functional water, rapid urbanization, rise in disposable income, growth in retail channels across the globe, and rise in investments by key players in this market. Safety and portability of drinking water have become a global concern, as the rapidly increasing population and industrialization place pressure on existing water resources, forcing many consumers to turn to bottled water for drinking purpose, other than natural resources. The bottled water processing market is estimated to account for about USD 211.61 billion in 2018 and is projected to reach a value of about USD 315.96 billion by 2023, at a CAGR of 8.3%.

The plastic segment is estimated to dominate the global bottled water market in 2018  

By packaging material, the plastic segment is estimated to dominate the global bottled water market in 2018. Properties such as durability, safety, hygiene, and lightness of weight have made plastic packaging popular. The upcoming trend of using plastic as a packaging material for bottled water includes the use of flexible packaging solutions such as pouches, which reduce the required amount of plastic resins used per package. The major bottled water manufacturers are using PET (polyethylene terephthalate) plastic packaging solutions for potable drinking water. Bottled water manufacturers are also using bio-based packaging materials, which consist of renewable resources for the production and commercialization of PET plastic bottled water products.

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The filters segment is estimated to account for the largest share in the bottled water equipment market in 2018.

By equipment, the filters segment is estimated to account for the largest share in the bottled water equipment market in 2018. Filters are majorly used for the removal of visible particles and for eliminating the microorganisms from potable water. The filtration process is one of the key methods used for the purification and desalination of water. The major membrane filtration techniques used for processing bottled water includes microfiltration (MF), ultrafiltration (UF), and nanofiltration (NF).

The Asia Pacific market is projected to grow at the highest CAGR in the global bottled water processing market during the forecast period.

Asia Pacific is a flourishing market for domestic manufacturers such as Aqua Pro systems (India) and Ion Exchange Ltd (India). These key players have manufacturing sites in this region and are focusing on increasing their production capacities. This region has also witnessed significant growth in the manufacturing activities of these equipment due to the support of local governments. Increasing investments in R&D activities is also one of the factors driving the market in the Asia Pacific.

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Key Market Players

The key players in the bottled water equipment market include DowDuPont (US), GEA (Germany), Alfa Laval (Sweden), The 3M Company (US), Lenntech B.V. (South Holland), Suez (US), Pall Corporation (US); and prominent players in the global bottled water market including Nestlé (Switzerland), PepsiCo (US), Coca-Cola (US), Danone (France), and Tata Global Beverages (India). These players are focusing on improving their presence by undertaking new product launches, acquisitions, expansions, and partnerships & collaborations, along with developing products specific to the requirements of consumers and their preferences in these regions. These companies have a strong presence in Europe, North America, and Asia Pacific. They have also set up manufacturing facilities in various regions and have strong distribution networks.

Increased Use of Modified Starch in the Food Industry to Drive the Market Growth in Coming Years

Modified starch refers to a starch product that is modified chemically to withstand the processes it is subjected to for use in various applications; this is witnessing significant growth due to increasing incorporation in a wide range of foods and cost-effectiveness offered by them, along with the enhanced functionalities they provide in comparison to native starch. The modified starch market is projected to grow at a CAGR of 4.1% from 2018, to reach a value of USD 12.67 Billion by 2023. 

Starches are modified to increase their stability under excessive heat, acid treatment, and freezing, to change their texture, or to increase or reduce the duration of gelatinization. Acid-treated starch is prepared by treating starch or starch granules with inorganic acids. Other treatments may produce modified starch such as alkaline-modified starch, bleached starch, oxidized starch, enzyme-treated starch, and acetylated starch with different enzymes.

The increasing use of modified starch in the food industry and growing industrial applications for modified starch in the paper, textile, cosmetics and pharmaceutical industries are some of the factors that are expected to drive market growth through the next five years in most regions.

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On the basis of raw material, the modified starch market was led by the corn segment in 2017. Corn is a staple food and is preferred across the globe due to its importance in the diets of several countries. It can be consumed in a variety of ways, such as porridge, popcorn, vegetable, roasted or fired kernels, or as flour or meal. It is one of the most largely commercially available raw material of modified starch.

The thickeners segment dominated the market in 2017. Modified starch as a thickening agent intensifies the viscosity of a liquid without significantly changing its other properties. In the food industry, thickeners are generally used in gravies, puddings, sauces, and soups without altering the taste.

The modified starch market, on the basis of application, is segmented into food & beverages, feed, and industrial. Different applications require different starch properties. In the food applications of modified starches could be divided into several subsegments, according to their applications, such as bakery & confectionery, beverages, and processed foods.

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North America accounted for the largest market share for modified starch in 2017, owing to the increase in demand for modified starch in processed foods in countries such as the US and Canada. However, Asia Pacific is projected to be the fastest-growing market during the forecast period, due to increase in awareness and production of processed foods.

Companies such as Archer Daniels Midland (US), Cargill (US), Ingredion Incorporated (US), Tate & Lyle (UK), and Roquette Frères (France) have acquired leading market positions through the provision of a broad portfolio, catering to the varied requirements of the market, along with a focus on the diverse end-user segments. They are also focused on innovation and are geographically diversified.

Irrigation Controllers Market is Driven by the Increasing Need for Water Conversation & Growing Use of Modern Farming Practices

The irrigation controllers market is estimated to be valued at USD 529.2 Million in 2017 and is projected to reach USD 1,186.6 Million by 2022, at a CAGR of 17.53% from 2017. The market is driven by the increasing need for water conversation and growing use of modern farming practices. Furthermore, factors such as rapid growth in the lawn and garden equipment market are expected to increase the demand for irrigation controllers. However, the high initial investment cost and declining farm incomes are expected to restrict the market growth. Additionally, design challenges are resulting in low demand from labor-intensive economies and are expected to pose a challenge to the global market.

The irrigation controllers market, based on type, has been segmented into weather-based and sensor-based. The sensor-based irrigation controllers segment is expected to grow at the highest CAGR during the forecast period. Sensors help in obtaining real-time soil moisture level and determining the irrigation requirements.

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The market, based on product, has been segmented into smart controllers, tap timers, and basic controllers. The multi-functionality of smart irrigation controllers and ability to generate weather and farm reports are expected to increase their demand.

The irrigation controllers market, by application, has been segmented into agriculture and non-agriculture. The non-agriculture segment covered the largest market share as irrigation controllers are most widely used in sports grounds, golf courses, and residential lawns & gardens. The growing trend of controlled environment agriculture is expected to increase the demand for irrigation controllers in the agriculture segment.

 Asia Pacific is projected to be the fastest-growing irrigation controllers market over the next five years. The major drivers for the growth of the Asia Pacific market include the climatic conditions, strong government support, increased productivity, and increased need for reducing wastage of water. The key countries considered under this region are China, Japan, Australia & New Zealand, India, and the Rest of Asia Pacific which includes Thailand, Vietnam, Indonesia, Malaysia, the Philippines, and South Korea.

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The high cost of installation of irrigation controllers and its peripherals and globally declining farm income are expected to restrict the market growth in the near future. Furthermore, the challenges regarding design and operations are also expected to hamper the market growth.

The global market for irrigation controllers is dominated by large players such as Valmont Industries (US), Lindsay Corporation (US), Toro (US), Hunter Industries (US), and Rain Bird (US). HydroPoint Data Systems (US), Netafim (Israel), Calsense (US), Glacon (Israel), Rachio (US), Weathermatic (US), Green IQ (Israel), and Nelson Irrigation (US) are a few other key market players that also have a significant share in the irrigation controllers market.

Various Health & Therapeutic Benefits Offered By Proanthocyanidins to Drive the Market Growth in Coming Years

Increasing preference for products with natural ingredients, rising demand for functional food & beverage products, and growing application in the personal and cosmetic industries are some of the factors driving the growth of the proanthocyanidins market. Manufacturers in this market are focusing on developing proanthocyanidin products that cater to various applications such as healthcare, skincare, functional food & beverages, and pet nutrition.

By type, the type A segment is projected to be the fastest-growing segment in the proanthocyanidins market during the forecast period.

The type A segment in the market is projected to be the fastest-growing segment as it is used in various applications such as pharmaceuticals, personal care, cosmetics, and food supplements. Leading players such as Naturex (France) and Nexira (France) offer various type A proanthocyanidins that cater to pharmaceutical and personal care applications.

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By source, the cranberry segment is projected to dominate the proanthocyanidins market during the forecast period.

The cranberry segment is projected to account for the largest market share in the market for proanthocyanidins during the forecast period as it offers several health benefits that make it a versatile ingredient for use in the food, pharmaceuticals, and personal care industries. Type A proanthocyanidins derived from cranberries have a unique molecular structure that exhibits potent bacterial antiadhesion activities, which help in maintaining personal hygiene.

By application, the pharmaceuticals & dietary supplements segment is projected to dominate the proanthocyanidins market during the forecast period.

The pharmaceuticals & dietary supplements segment is estimated to account for the largest market share, followed by the functional food & beverages and personal care & cosmetics segments. With the rise in the aging population, consumers are becoming more conscious and aware of various diseases that can be prevented by consuming natural foods and supplements. This concern has driven the growth of the pharmaceuticals & dietary supplements segment in the proanthocyanidins market. Health-conscious consumers prefer balanced diet alternatives that include health supplements derived from natural extracts such as proanthocyanidins.

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The increasing demand for proanthocyanidins in the North American and European regions is driving the growth of the proanthocyanidins market.

North America is the fastest-growing market for proanthocyanidins; it is projected to record the highest CAGR during the forecast period. North America is a large consumer of proanthocyanidins. The rise in the aging population, increased the consumption of healthy food, and growing demand for pharmaceuticals are the major factors driving the market in North America.

Key Market Players

The key players in the proanthocyanidins market include Naturex (France), Indena SPA (Italy), Nexira Inc. (France), Polyphenolics (US), Xian Yuensun Biological Technology Co.,Ltd. (China), Natac (China), Eevia Health (Finland), Fruit D'or (Canada), Scott Laboratories (US), Elementa Food Ingredients (France), and Changsha Botaniex Inc. (China). Market leaders such as Naturex (France) and Nexira (France) are focusing on tapping the potential markets through new product development launches, expansions, and investments.

Xanthan Gum is in High Demand from Food & Beverages and Oil & Gas Industry

The xanthan gum market is driven by factors such as change in lifestyles and increase in consumption of convenience food products, and rise in demand for natural and gluten free food products. Additionally, rise in demand for oil & gas is creating new opportunities for the xanthan gum market.

The xanthan gum market is projected to grow at a CAGR of 3.25% from 2016 to 2022, to reach USD 452.8 Million by 2022.

The food & beverages segment, by application, is estimated to dominate the xanthan gum market in 2016

The food & beverage segment, by application, is estimated to be the largest market for xanthan gum, in 2016. Increase in use of xanthan gum in dairy, bakery, confectionery, sauces & dressings, meat & poultry, beverages, and many other food applications has positively impacted this market.

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Thickeners segment is estimated to be the largest market in 2016

The thickeners segment, by function, is estimated to be the largest market in 2016. Increased use of xanthan gum as a thickener in various personal care applications such as shampoos and lotions has been driving its demand over the last few years. Growing demand for xanthan gum in the food & beverages industry for thickening of various food applications such as sauces & toppings, bakery & dairy products, and beverages is expected to increase its demand across the globe.

Xanthan Gum Market by Application (Food & Beverages, Oil & Gas, Pharmaceuticals), Function (Thickeners, Stabilizers, Gelling Agents, Fat Replacers, Coating Materials), Form (Dry, Liquid), and Region – Global Forecast to 2022.

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The dry segment, by form, is estimated to be the largest market in 2016

Xanthan gum in dry form is estimated to be the largest market in 2016. Xanthan gum in its dry form has a high demand in pharmaceutical and personal care companies for the manufacturing of products such as tablets and toothpastes, as its dry form is easier to use than its liquid form; and it also enhances the structure of the product. Xanthan gum powder has remarkable increase in demand in food applications such as salad dressings, bakery products, and frozen foods over the last few years.

North American region is estimated to dominate the xanthan gum market in 2016

The North American region is estimated to be the largest market for xanthan gum in 2016. The increase in use of xanthan gum as an emulsifier, flavor enhancer, stabilizer, thickener, and texturizer in the food industry and growth in concern for healthy diet among consumers is fueling the demand for xanthan gum in the North American market. Major demand for xanthan gum from the oilfield sector has been seen due to continuous rise in oil drilling and shale gas production in the North American region.

This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies.

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Leading Companies

Cargill (U.S.), E. I. du Pont de Nemours and Company (U.S.), Archer Daniels Midland Company (U.S.), Ingredion Incorporated (U.S.), Solvay (Belgium), Fufeng Group Company Ltd (China), CP Kelco (U.S.), Jungbunzlauer Suisse AG (Switzerland), Deosen Biochemical Ltd. (China), and Fuerst Day Lawson (U.K.).