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  • The "Algae Products Market by Type (Lipids, Carotenoids, Carrageenan, Alginate, Algal Protein), Facility Type, Form (Liquid, Solid), Source (Brown Algae, Green Algae, Red Algae, Blue-green Algae), and Region - Global Forecast to 2026" size is estimated to be valued at USD 4.7 billion in 2021 and projected to reach USD 6.4 billion by 2026, recording a CAGR of 6.3% during the forecast period. Algae possess properties that make them useful to be incorporated in diversified end products such as ice-creams, cakes, anti-obesity & anti-diabetic agents, aquatic feed ingredients, toothpaste, and moisturizers; their cultivation using both agriculture and aquaculture practices make algae unique among other agricultural products.

    The food & beverages segment, by application, is projected to witness significant growth during the forecast period.

    Algae-based ingredients have wide application in the food industry as texturizing & stabilizing agents, thickeners & gelling agents, and as supplements for health. For instance, the thickening property of alginate is useful in sauces, syrups, and toppings for ice cream. Other products that can be fortified with algae include dairy products (such as sour cream, chocolate milk, cheese) sushi, and gelatin. Pigments such as chlorophylls, carotenoids, and phycobiliproteins also have application as natural food colorants.

    Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=250538721

    The North American region dominates the algae products market with the largest share

    Growing industries, such as food & beverage, nutraceutical, pharmaceutical, and dietary supplement, have significantly contributed to the growth of the algae products market in North America. The rising population in the country is another factor that is expected to boost the demand for algae products. An increase in health-conscious consumers has led to the increased use of lipids, such as omega-3 in nutraceutical and dietary supplement products, which has offered a market opportunity for algae-based omega-3 products.

    This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, DSM (Netherlands), BASF (Germany), DuPont (US), Cargill (US), E.I.D Parry (India), Corbion (Netherlands), and Cyanotech Corporation (US).
    The "Algae Products Market by Type (Lipids, Carotenoids, Carrageenan, Alginate, Algal Protein), Facility Type, Form (Liquid, Solid), Source (Brown Algae, Green Algae, Red Algae, Blue-green Algae), and Region - Global Forecast to 2026" size is estimated to be valued at USD 4.7 billion in 2021 and projected to reach USD 6.4 billion by 2026, recording a CAGR of 6.3% during the forecast period. Algae possess properties that make them useful to be incorporated in diversified end products such as ice-creams, cakes, anti-obesity & anti-diabetic agents, aquatic feed ingredients, toothpaste, and moisturizers; their cultivation using both agriculture and aquaculture practices make algae unique among other agricultural products. The food & beverages segment, by application, is projected to witness significant growth during the forecast period. Algae-based ingredients have wide application in the food industry as texturizing & stabilizing agents, thickeners & gelling agents, and as supplements for health. For instance, the thickening property of alginate is useful in sauces, syrups, and toppings for ice cream. Other products that can be fortified with algae include dairy products (such as sour cream, chocolate milk, cheese) sushi, and gelatin. Pigments such as chlorophylls, carotenoids, and phycobiliproteins also have application as natural food colorants. Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=250538721 The North American region dominates the algae products market with the largest share Growing industries, such as food & beverage, nutraceutical, pharmaceutical, and dietary supplement, have significantly contributed to the growth of the algae products market in North America. The rising population in the country is another factor that is expected to boost the demand for algae products. An increase in health-conscious consumers has led to the increased use of lipids, such as omega-3 in nutraceutical and dietary supplement products, which has offered a market opportunity for algae-based omega-3 products. This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, DSM (Netherlands), BASF (Germany), DuPont (US), Cargill (US), E.I.D Parry (India), Corbion (Netherlands), and Cyanotech Corporation (US).
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  • Industrial Hemp Market – Analysis, Trends and Forecasts
    The global industrial hemp market size is estimated to be valued at USD 6.8 billion in 2022 and is projected to reach USD 18.1 billion by 2027, recording a CAGR of 21.6% in terms of value. Industrial hemp is defined as the plant Cannabis sativa L. and any part of such plant, whether growing or not, with a delta-9-tetrahydrocannabinol (THC) concentration of not more than 0.3% on a dry weight...
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  • The global industrial enzymes market is estimated to be valued at USD 6.6 billion in 2021. It is projected to reach USD 9.1 billion by 2026, recording a CAGR of 6.6% during the forecast period. Enzymes play an important role as a catalyst in the processing of several industrial products. Industrial enzymes are typically used as bulk enzymes in these and other industries. The market for industrial enzymes has witnessed significant growth as they are increasingly used as substitutes for chemicals, specifically in food & beverages and bioethanol. The application of industrial enzymes is also on the rise for detergents and as ingredients in the feed industry.

    Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=237327836

    Leading players profiled in this report:

    • BASF (Germany)
    • Novozymes (Denmark)
    • DuPont (US)
    • DSM (Netherlands)
    • ABF (UK)
    • Kerry (Ireland)
    • Advanced Enzyme Technologies (India)

    Asia Pacific is projected to witness the highest growth of 7.81% during the forecast period

    The Asia Pacific industrial enzymes market is led by their wide industrial applications across the region. Developed markets such as North America and Western Europe are becoming mature, which has led to a faster growth in developing markets such as Asia Pacific. For instance, textile & leather has become one of the important industries in the Asia Pacific region because of changes in technological innovations in machinery, synthetic fibers, logistics, and globalization of business. In addition, the shift of industrial operations, such as textile & leather production, from developed nations in North America and Western Europe to the Asia Pacific region over the past decade has boosted the market for industrial enzymes.

    Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=237327836

    Commercializing bioethanol production from enzymatic processes fueling the lipases market

    Lipases are enzymes that catalyze the hydrolysis of lipids and are one of the important groups of biocatalysts with biotechnological applications. They are extracted from many species of plants, animals, bacteria, fungi, and yeast. The ones derived from microorganisms are used in various industries, such as textile & leather, bioethanol, Paper & pulp, and wastewater treatment. Lipases are the major enzymes used for commercializing bioethanol production with enzymatic processes. As biological catalysts, they convert the free fatty acids (FFA) and triacylglycerol to fatty acid methyl esters, which generate biofuel. Transesterification is the functional benefit witnessed in the Paper & pulp industry due to the usage of lipases.
    The global industrial enzymes market is estimated to be valued at USD 6.6 billion in 2021. It is projected to reach USD 9.1 billion by 2026, recording a CAGR of 6.6% during the forecast period. Enzymes play an important role as a catalyst in the processing of several industrial products. Industrial enzymes are typically used as bulk enzymes in these and other industries. The market for industrial enzymes has witnessed significant growth as they are increasingly used as substitutes for chemicals, specifically in food & beverages and bioethanol. The application of industrial enzymes is also on the rise for detergents and as ingredients in the feed industry. Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=237327836 Leading players profiled in this report: • BASF (Germany) • Novozymes (Denmark) • DuPont (US) • DSM (Netherlands) • ABF (UK) • Kerry (Ireland) • Advanced Enzyme Technologies (India) Asia Pacific is projected to witness the highest growth of 7.81% during the forecast period The Asia Pacific industrial enzymes market is led by their wide industrial applications across the region. Developed markets such as North America and Western Europe are becoming mature, which has led to a faster growth in developing markets such as Asia Pacific. For instance, textile & leather has become one of the important industries in the Asia Pacific region because of changes in technological innovations in machinery, synthetic fibers, logistics, and globalization of business. In addition, the shift of industrial operations, such as textile & leather production, from developed nations in North America and Western Europe to the Asia Pacific region over the past decade has boosted the market for industrial enzymes. Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=237327836 Commercializing bioethanol production from enzymatic processes fueling the lipases market Lipases are enzymes that catalyze the hydrolysis of lipids and are one of the important groups of biocatalysts with biotechnological applications. They are extracted from many species of plants, animals, bacteria, fungi, and yeast. The ones derived from microorganisms are used in various industries, such as textile & leather, bioethanol, Paper & pulp, and wastewater treatment. Lipases are the major enzymes used for commercializing bioethanol production with enzymatic processes. As biological catalysts, they convert the free fatty acids (FFA) and triacylglycerol to fatty acid methyl esters, which generate biofuel. Transesterification is the functional benefit witnessed in the Paper & pulp industry due to the usage of lipases.
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  • Beverage packaging helps in protecting the beverages and extend its shelf-life. It further acts as an effective tool for marketing and attracting the attention of consumers. The global beverage packaging market was valued at USD 148.1 billion in 2021. It is projected to grow at a CAGR of 5.0% and reach USD 189.0 billion by 2026. The increase in the consumption of non-alcoholic and dairy beverages is projected to be some of the major drivers for the growth of the global beverage packaging market. There has been several innovations and development in the packaging designs and packaging technology over the last five years in the global beverage packaging market. The increase in demand for products made from biodegradable and renewable raw material presents lucrative opportunities for the players in the market. The rise in consumption in emerging economies is encouraging the growth of the market.

    By packaging type the bottle segment is expected to hold the largest share in the market. The beverage packaging market includes five major packaging types: bottle, can, pouch, carton, and others. The others segment includes bulk and draught containers for a large volume of packaging. Packages are used according to the beverages that are served. Alcoholic beverages are served in bottles and packaging, whereas non-alcoholic drinks are mostly served in bottles. The bottle segment dominated the global market for beverage packaging.

    On the basis of material type, the market is classified into metal, plastic, glass, paper & paperboard, and others. Beverage containers can be rigid or flexible. Rigid containers include glass and plastic bottles, metal cans, wood boxes, and drums. They give physical protection to the product inside it. Flexible packaging includes a major group of material types, such as plastic films and papers. Beverage packaging manufacturers combine two or more packaging material types of different characteristics to develop a multi-featured packaging solution that is convenient, safe, cost-effective, and recyclable. Metal segment dominated the market with largest share. The resilience and recyclability offered by metals are the two major factors driving the growth of the market.

    Make an Inquiry: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1222

    Based on product type, the market is categorized as a non-alcoholic beverage, alcoholic beverage, and dairy beverage. The non-alcoholic beverage segment is dominated in the market. A non-alcoholic beverage usually acts as refreshment drinks for the majority of the population. Hence it captures a major market share in the overall beverage market. The non-alcoholic beverage market is flooded with a large number of strong brands of all product categories that make the market highly competitive. Therefore, in order to retain its customers and gain new customers, the players are coming up with a diversified range of products in beverages. The dairy beverage segment is projected to grow at the highest CAGR of during the review period.

    On the basis of the regional area, the market is segmented into North America, Europe, Asia Pacific, South America, and Rest of World (RoW). Due to the increase in population and rise in disposable income, Asia Pacific is projected to account for the largest share during the review period. Global players such as Ball Corporation (US) and Crown Holdings Inc (US) are entering the Asia Pacific market by developing new manufacturing plants in the region. Rapid industrialization and urbanization, increase in environmental concerns, rise in disposable income of growing middle class, and lower production of fresh food & beverage products are factors propelling the usage of processed food & beverage products, consequently fueling the demand for beverage packaging market in this sector.

    This report includes a study on the marketing and development strategies, along with a survey of the product portfolios of the leading companies operating in the beverage packaging market. It includes the profiles of leading companies, such as Amcor Group GmbH (Switzerland), O-I Glass, Inc. (US), Crown Holdings, Inc (US), Ardagh Group S.A. (Ireland), Verallia SA (France), Tetra Pak Group (Switzerland), Ball Corporation (US), Vidrala S.A. (Spain), Toyo Seikan Group Holdings, Ltd. (Japan), and CPMC Holdings Limited (China), among others.
    Beverage packaging helps in protecting the beverages and extend its shelf-life. It further acts as an effective tool for marketing and attracting the attention of consumers. The global beverage packaging market was valued at USD 148.1 billion in 2021. It is projected to grow at a CAGR of 5.0% and reach USD 189.0 billion by 2026. The increase in the consumption of non-alcoholic and dairy beverages is projected to be some of the major drivers for the growth of the global beverage packaging market. There has been several innovations and development in the packaging designs and packaging technology over the last five years in the global beverage packaging market. The increase in demand for products made from biodegradable and renewable raw material presents lucrative opportunities for the players in the market. The rise in consumption in emerging economies is encouraging the growth of the market. By packaging type the bottle segment is expected to hold the largest share in the market. The beverage packaging market includes five major packaging types: bottle, can, pouch, carton, and others. The others segment includes bulk and draught containers for a large volume of packaging. Packages are used according to the beverages that are served. Alcoholic beverages are served in bottles and packaging, whereas non-alcoholic drinks are mostly served in bottles. The bottle segment dominated the global market for beverage packaging. On the basis of material type, the market is classified into metal, plastic, glass, paper & paperboard, and others. Beverage containers can be rigid or flexible. Rigid containers include glass and plastic bottles, metal cans, wood boxes, and drums. They give physical protection to the product inside it. Flexible packaging includes a major group of material types, such as plastic films and papers. Beverage packaging manufacturers combine two or more packaging material types of different characteristics to develop a multi-featured packaging solution that is convenient, safe, cost-effective, and recyclable. Metal segment dominated the market with largest share. The resilience and recyclability offered by metals are the two major factors driving the growth of the market. Make an Inquiry: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1222 Based on product type, the market is categorized as a non-alcoholic beverage, alcoholic beverage, and dairy beverage. The non-alcoholic beverage segment is dominated in the market. A non-alcoholic beverage usually acts as refreshment drinks for the majority of the population. Hence it captures a major market share in the overall beverage market. The non-alcoholic beverage market is flooded with a large number of strong brands of all product categories that make the market highly competitive. Therefore, in order to retain its customers and gain new customers, the players are coming up with a diversified range of products in beverages. The dairy beverage segment is projected to grow at the highest CAGR of during the review period. On the basis of the regional area, the market is segmented into North America, Europe, Asia Pacific, South America, and Rest of World (RoW). Due to the increase in population and rise in disposable income, Asia Pacific is projected to account for the largest share during the review period. Global players such as Ball Corporation (US) and Crown Holdings Inc (US) are entering the Asia Pacific market by developing new manufacturing plants in the region. Rapid industrialization and urbanization, increase in environmental concerns, rise in disposable income of growing middle class, and lower production of fresh food & beverage products are factors propelling the usage of processed food & beverage products, consequently fueling the demand for beverage packaging market in this sector. This report includes a study on the marketing and development strategies, along with a survey of the product portfolios of the leading companies operating in the beverage packaging market. It includes the profiles of leading companies, such as Amcor Group GmbH (Switzerland), O-I Glass, Inc. (US), Crown Holdings, Inc (US), Ardagh Group S.A. (Ireland), Verallia SA (France), Tetra Pak Group (Switzerland), Ball Corporation (US), Vidrala S.A. (Spain), Toyo Seikan Group Holdings, Ltd. (Japan), and CPMC Holdings Limited (China), among others.
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  • The beverage cans market was valued at USD 23.7 Billion in 2021 and is projected to reach USD 31.2 Billion by 2026, expanding at a growth rate of 5.6% during the forecast period. North America dominated the beverage cans market. The rise in the production of alcoholic beverages, such as beer and ready-to-drink cocktail products, has resulted in premium packaging solutions, thereby triggering the demand for cans.

    The non-alcoholic beverage segment dominated the market. The rise in the production of carbonated soft drinks has resulted in the dominance of the non-alcoholic beverage segment. From consumer side, there is significant increase in the demand of sports drink and energy drink will also boost the market of non-alcoholic beverages globally.

    Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=226901632

    Alunimium segment is the largest segment for the beverage cans market by material type owing to its cost effectiveness and properties. Aluminum is a very cost-effective raw material used in the industry and can customize the packaging with colors, 3D prints, and embossing. Therefore, technological developments have led the manufacturers to remodel their strategies by using various sizes of cans, along with different shapes. Aluminum cans are convenient to keep in the fridge and ovens.

    Asia Pacific accounted for greater growth in the global cans market for beverages during the forecast period. Countries, such as China and India, have significantly contributed to the growth of the cans market for beverages in the Asia Pacific region. These countries have a high population density and are the leading producers of fruits. These factors are projected to drive the demand for beverages such as juices and functional drinks in the region.

    The key players in this market include Crown Holdings Inc. (Philadelphia, US), ArdaghGroup S.A, (Luxemburg), CPMC Holdings Limited (China), Toyo Seikan Group Holdings Ltd. (Tokyo, Japan), Can-One Berhad (Malaysia), Can-Pack S.A (Poland), Ball Corporation (Colorado, US), Envases Universales (Spain), Universal Can Corporation (Tokyo, Japan), Interpack Group Inc. (China), GZ Industries (Nigeria), Showa Denko K.K (Tokyo, Japan), Swan Industries (Thailand) Limited (Thailand), Nampak Bevcan Limited (South Africa), The Olayan Group (Saudi Arabia), and Techpack Solutions Pvt Limited (Seoul, South Korea).
    The beverage cans market was valued at USD 23.7 Billion in 2021 and is projected to reach USD 31.2 Billion by 2026, expanding at a growth rate of 5.6% during the forecast period. North America dominated the beverage cans market. The rise in the production of alcoholic beverages, such as beer and ready-to-drink cocktail products, has resulted in premium packaging solutions, thereby triggering the demand for cans. The non-alcoholic beverage segment dominated the market. The rise in the production of carbonated soft drinks has resulted in the dominance of the non-alcoholic beverage segment. From consumer side, there is significant increase in the demand of sports drink and energy drink will also boost the market of non-alcoholic beverages globally. Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=226901632 Alunimium segment is the largest segment for the beverage cans market by material type owing to its cost effectiveness and properties. Aluminum is a very cost-effective raw material used in the industry and can customize the packaging with colors, 3D prints, and embossing. Therefore, technological developments have led the manufacturers to remodel their strategies by using various sizes of cans, along with different shapes. Aluminum cans are convenient to keep in the fridge and ovens. Asia Pacific accounted for greater growth in the global cans market for beverages during the forecast period. Countries, such as China and India, have significantly contributed to the growth of the cans market for beverages in the Asia Pacific region. These countries have a high population density and are the leading producers of fruits. These factors are projected to drive the demand for beverages such as juices and functional drinks in the region. The key players in this market include Crown Holdings Inc. (Philadelphia, US), ArdaghGroup S.A, (Luxemburg), CPMC Holdings Limited (China), Toyo Seikan Group Holdings Ltd. (Tokyo, Japan), Can-One Berhad (Malaysia), Can-Pack S.A (Poland), Ball Corporation (Colorado, US), Envases Universales (Spain), Universal Can Corporation (Tokyo, Japan), Interpack Group Inc. (China), GZ Industries (Nigeria), Showa Denko K.K (Tokyo, Japan), Swan Industries (Thailand) Limited (Thailand), Nampak Bevcan Limited (South Africa), The Olayan Group (Saudi Arabia), and Techpack Solutions Pvt Limited (Seoul, South Korea).
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  • The demand for processed food and beverages is significantly growing, driven largely by changing lifestyles and increased consumerism. In addition, the market for infant and pet food is also spurring the growth of processed food. This is expected to result in increased demand for positive displacement pumps, such as gear and lobe pumps, used in the production of processed food. As the food companies need a reduction in the unit cost of delivery, companies are striving to boost the performance and efficiency of pumps actively. The global food & beverages industry pumps market is estimated to be valued at USD 9.9 billion in 2022. It is projected to reach USD 12.9 billion by 2027, recording a CAGR of 5.3% during the forecast period.

    Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=211704387

    The Chinese food & beverages industry pumps market is fragmented with the presence of small and medium-sized manufacturers that are focused on offering a limited range of products. The presence of a large number of manufacturers is also driving the growth of this market. China’s food processing industry is maturing, and growth is moderating. Consumers have become increasingly interested in eating more natural and healthier foods while valuing convenience and attractive packaging. Food processing accounts for 60%of the sector. However, the fastest growth is now in the beverage sector, where the trend for natural, healthy, and convenient ready-to-drink smoothies, yogurts, and juices represents China’s transition from “eating full” to “eating well.” The rise in demand for processed food & beverages in China has led several international players, such as Mondelez International, Ferrero, Nestlé, and PepsiCo Inc, to set up advanced manufacturing plants in the country to meet the domestic demand.

    Food & beverage industry pumps, by type, are segmented into centrifugal and positive displacement pumps. The key megatrend in the equipment category is sustainability. Aside from functionality and cost-effectiveness, the most important attribute requested by customers is sustainability. Customers expect sustainability, so businesses are keeping an eye on the trend and improving the sustainability of their products. One-fourth of all innovation initiatives initiated by GEA (Germany) aims to improve the sustainability of the technologies used. This pattern is expected to continue in the coming years.

    Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=211704387

    The alcoholic beverages market has been witnessing significant growth. There has been an increasing trend of offering craft breweries with less or no alcohol brews and cans. For example, few craft breweries specialize in offering low alcohol beverages, such as the Infinite Session, Big Drop, and Small Beer, which are offering low alcohol beers to their customers in the US. According to the statistics published by the Brewers Association, craft breweries contributed more than USD 67 billion in 2016. Craft breweries account for 98% of the total breweries operating in the US. As per the Brewers Association, there was a 16% rise in the number of breweries in 2017, with around 997 new breweries. This rise in the number of breweries will have a positive impact on the growth of the beverage industry pump market. Along with craft beers, hard alcohol and premium beers, such as Michelob Ultra, are witnessing an increase in popularity even though the overall alcohol consumption, in terms of volume, is on the decline.
    The demand for processed food and beverages is significantly growing, driven largely by changing lifestyles and increased consumerism. In addition, the market for infant and pet food is also spurring the growth of processed food. This is expected to result in increased demand for positive displacement pumps, such as gear and lobe pumps, used in the production of processed food. As the food companies need a reduction in the unit cost of delivery, companies are striving to boost the performance and efficiency of pumps actively. The global food & beverages industry pumps market is estimated to be valued at USD 9.9 billion in 2022. It is projected to reach USD 12.9 billion by 2027, recording a CAGR of 5.3% during the forecast period. Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=211704387 The Chinese food & beverages industry pumps market is fragmented with the presence of small and medium-sized manufacturers that are focused on offering a limited range of products. The presence of a large number of manufacturers is also driving the growth of this market. China’s food processing industry is maturing, and growth is moderating. Consumers have become increasingly interested in eating more natural and healthier foods while valuing convenience and attractive packaging. Food processing accounts for 60%of the sector. However, the fastest growth is now in the beverage sector, where the trend for natural, healthy, and convenient ready-to-drink smoothies, yogurts, and juices represents China’s transition from “eating full” to “eating well.” The rise in demand for processed food & beverages in China has led several international players, such as Mondelez International, Ferrero, Nestlé, and PepsiCo Inc, to set up advanced manufacturing plants in the country to meet the domestic demand. Food & beverage industry pumps, by type, are segmented into centrifugal and positive displacement pumps. The key megatrend in the equipment category is sustainability. Aside from functionality and cost-effectiveness, the most important attribute requested by customers is sustainability. Customers expect sustainability, so businesses are keeping an eye on the trend and improving the sustainability of their products. One-fourth of all innovation initiatives initiated by GEA (Germany) aims to improve the sustainability of the technologies used. This pattern is expected to continue in the coming years. Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=211704387 The alcoholic beverages market has been witnessing significant growth. There has been an increasing trend of offering craft breweries with less or no alcohol brews and cans. For example, few craft breweries specialize in offering low alcohol beverages, such as the Infinite Session, Big Drop, and Small Beer, which are offering low alcohol beers to their customers in the US. According to the statistics published by the Brewers Association, craft breweries contributed more than USD 67 billion in 2016. Craft breweries account for 98% of the total breweries operating in the US. As per the Brewers Association, there was a 16% rise in the number of breweries in 2017, with around 997 new breweries. This rise in the number of breweries will have a positive impact on the growth of the beverage industry pump market. Along with craft beers, hard alcohol and premium beers, such as Michelob Ultra, are witnessing an increase in popularity even though the overall alcohol consumption, in terms of volume, is on the decline.
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  • The global specialty food ingredients market is estimated to be valued at USD 148.2 billion in 2022. It is projected to reach USD 196.2 billion by 2027, recording a CAGR of 5.8% during the forecast period. Specialty food ingredients constitute distinct functional ingredients, sugar substitutes, flavors, specialty starches, acidulants, food preservatives, food emulsifiers, colors, food & beverage enzymes, and F&B starter culture. Specialty food ingredients improve the texture, increase shelf life, preserve product properties, and increase the product's nutritional value. Therefore, there is an increase in demand for applications in food products such as jams, jellies, bakery premixes, dairy products, meat & dairy substitutes, pharmaceutical products, personal care products, and cosmetics.

    Acidulants are widely used in beverages made with fruit flavors, such as fruit-flavored carbonated water drinks. The development of the food & beverage industry has led to a substantial increase in demand for processed foods. These processed food products require acidulants as flavor enhancers and acidity regulators. Beverage acidulants find application in soft drinks, dairy products, and energy drinks. The rise in the popularity of energy drinks is likely to add impetus to the global beverage acidulants market. Based on application, this study's acidulants market has been further segmented into beverages and food products, including sauces; dressings & condiments; processed food; meat, poultry, and seafood; bakery & confectionery; and other products. The demand for acidulants is propelling within the confectionery sector. Gummy candy formulations made with gelling acidulant offer optimal gelling activity and control the set time. For instance, Bartek strategically adds acidulants to manufacture enhanced properties in confectionery products.

    Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=252775011

    Natural colors are in demand for their health benefits along with imparting color. The increasing demand for natural food colors by consumers in different regions has led manufacturers to use natural food colors as a substitute for synthetic colors. The demand for natural food colors over synthetic food colors is increasing due to the growing consumer awareness of consumers about clean-label products, the health hazards associated with synthetic colors, and the health benefits achieved by using natural food colors. Natural food colors are gaining market attention due to their natural origin, appealing to consumers who view them as a “safe to use” product. Natural colors reduce the risk of allergies and intolerance among consumers. Such factors are increasing demand for natural colors in food & beverage applications. In the EU, natural colors have high penetration. Companies are now vying for natural colors in the food & beverage sector. Dairy, sugar & gum confectionery, and desserts & ice cream are the leading sectors for utilizing natural colors.

    The US holds the largest market for enzymes in North America. It is attributed to the growing demand from food manufacturers to preserve the freshness, appearance, texture, taste, and safety of processed and packaged foods. The growing demand for processed foods, owing to food retail chains and convenience, will aid in increasing demand for enzyme applications in the region. Consumers in the region are leaning towards healthy food & ingredients in food products, owing to the increasing instances of obesity and diabetes in North American countries, such as the US, which is expected to induce the consumers to focus on enzyme-rich foods.

    The key players in this market include Cargill Incorporated (US), ADM (US), DuPont (US), Ingredion (US), Kerry Group (Ireland), DSM (Netherlands), Chr. Hansen (Denmark), Sensient technology corporation (US), Tate & Lyle (UK), Givaudan (Switzerland).
    The global specialty food ingredients market is estimated to be valued at USD 148.2 billion in 2022. It is projected to reach USD 196.2 billion by 2027, recording a CAGR of 5.8% during the forecast period. Specialty food ingredients constitute distinct functional ingredients, sugar substitutes, flavors, specialty starches, acidulants, food preservatives, food emulsifiers, colors, food & beverage enzymes, and F&B starter culture. Specialty food ingredients improve the texture, increase shelf life, preserve product properties, and increase the product's nutritional value. Therefore, there is an increase in demand for applications in food products such as jams, jellies, bakery premixes, dairy products, meat & dairy substitutes, pharmaceutical products, personal care products, and cosmetics. Acidulants are widely used in beverages made with fruit flavors, such as fruit-flavored carbonated water drinks. The development of the food & beverage industry has led to a substantial increase in demand for processed foods. These processed food products require acidulants as flavor enhancers and acidity regulators. Beverage acidulants find application in soft drinks, dairy products, and energy drinks. The rise in the popularity of energy drinks is likely to add impetus to the global beverage acidulants market. Based on application, this study's acidulants market has been further segmented into beverages and food products, including sauces; dressings & condiments; processed food; meat, poultry, and seafood; bakery & confectionery; and other products. The demand for acidulants is propelling within the confectionery sector. Gummy candy formulations made with gelling acidulant offer optimal gelling activity and control the set time. For instance, Bartek strategically adds acidulants to manufacture enhanced properties in confectionery products. Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=252775011 Natural colors are in demand for their health benefits along with imparting color. The increasing demand for natural food colors by consumers in different regions has led manufacturers to use natural food colors as a substitute for synthetic colors. The demand for natural food colors over synthetic food colors is increasing due to the growing consumer awareness of consumers about clean-label products, the health hazards associated with synthetic colors, and the health benefits achieved by using natural food colors. Natural food colors are gaining market attention due to their natural origin, appealing to consumers who view them as a “safe to use” product. Natural colors reduce the risk of allergies and intolerance among consumers. Such factors are increasing demand for natural colors in food & beverage applications. In the EU, natural colors have high penetration. Companies are now vying for natural colors in the food & beverage sector. Dairy, sugar & gum confectionery, and desserts & ice cream are the leading sectors for utilizing natural colors. The US holds the largest market for enzymes in North America. It is attributed to the growing demand from food manufacturers to preserve the freshness, appearance, texture, taste, and safety of processed and packaged foods. The growing demand for processed foods, owing to food retail chains and convenience, will aid in increasing demand for enzyme applications in the region. Consumers in the region are leaning towards healthy food & ingredients in food products, owing to the increasing instances of obesity and diabetes in North American countries, such as the US, which is expected to induce the consumers to focus on enzyme-rich foods. The key players in this market include Cargill Incorporated (US), ADM (US), DuPont (US), Ingredion (US), Kerry Group (Ireland), DSM (Netherlands), Chr. Hansen (Denmark), Sensient technology corporation (US), Tate & Lyle (UK), Givaudan (Switzerland).
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