Food Processing Equipment Market Hit USD 85.59 billion by 2025: Grand View Research, Inc.

25-January-2018: The global food processing equipment market size is anticipated to reach at USD 85.59 billion by 2025, according to a new report published by Grand View Research, Inc. Driven by growing demand for processed and Ready-to-Eat (RTE) food products across the globe, the market is projected to expand at a CAGR of 6.2% over the forecast period. Strict government regulations regarding the hygiene and standardization of food products will further driver the demand for food processing equipment. Increasing demand for meat, poultry, and seafood is also predicted to support the market growth in the coming years.

Furthermore, growing trend of industrial automation coupled with easy availability of these units will spur the market development. The automatic mode of operation segment led the market in 2017 and is likely to expand further at a CAGR of 7.0% over the forecast period. This growth can be attributed to technological advancements in the processing market. Companies offer automated operational systems for the manufacturing of food processing equipment to have a competitive advantage in the market.

The processing equipment segment is expected to register a CAGR 6.5% in the forecast period reaching USD 45.67 billion by 2025. The pre-processing equipment type is also projected to account for a significant share of the global market.

 In depth research report on Food Processing Equipment Market

https://www.grandviewresearch.com/industry-analysis/food-processing-equipment-market

Further key findings from the study suggest:

·       The processing equipment type segment is expected to witness the fastest growth over the forecast period

·       India was valued at USD 3.2 billion in 2017 owing to the large-scale demand for food processing equipment in the region

·       As of 2017, the country is among the prominent markets on account of large population base and rapid industrial development

·       The U.S. food processing equipment market is expected to register a CAGR of 4.9% owing to favorable growth opportunities in the region

·       U.K. is also anticipated to grow significantly over the coming years

·       Some of the companies in the global market include BAADER Group, GEA Group AG, Buhler AG, Alfa Laval AB, and Tetra Laval International S.A.

Grand View Research has segmented the global food processing equipment market on the basis of mode of operation, type, application, and region:

Food Processing Equipment Mode of Operation Outlook (Revenue, USD Billion, 2014 - 2025)

·       Semi-automatic

·       Automatic

Food Processing Equipment Type Outlook (Revenue, USD Billion, 2014 - 2025)

·       Processing

·       Pre-processing

Food Processing Equipment Application Outlook (Revenue, USD Billion, 2014 - 2025)

·       Bakery & Confectionery

·       Meat, Poultry, & Seafood

·       Beverage

·       Dairy

·       Fruit, Nut, & Vegetable

·       Grains

·       Others

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Saffron: A Herbal Health Supplement

8-January-2019: According to a report by Grand View Research, Inc., global saffron market is anticipated to value USD 77.5 billion by 2024. Growing requirement for product in food applications as coloring and flavoring agent is anticipated to propel demand for saffron. It can be cultivated in arid and semi-arid climatic conditions and is likely to be labor intensive.

Rising product demand from pharmaceutical sector owing to its anti-inflammatory, antioxidant, anti-tumor, and anti-diabetic properties can influence market growth. Growing popularity as herbal health supplement is likely to surge demand for saffron over next few years. Increasing product use in manufacturing of skin care products attributed to its ability to treat acne, tan removal, and other skin related issues can stimulate market growth.    

Based on application, the market can be categorized into medical, cosmetics, food, and others. In 2015, food segment dominated the market and accounted for largest market share. It is expected to grow fast in terms of revenue at CAGR of 13% from 2016 to 2024 attributed to coloring and flavoring properties. Saffron can be used as alternative to chemical food ingredients in dairy and confectionary products including tea, ice cream, fruit cakes, muffins, cake powder, and baking powder. Expansion of food sector in various regions is likely to surge product demand over the forecast period.

On the contrary, medical segment accounted for 25% of global volume in 2015 and became second largest application segment. Presence of safral and crocin as major active ingredients of saffron can surge its demand in manufacturing of various antibiotics. This, in turn can fuel product demand during the forecast period.

Cosmetic segment accounted for market share equivalent to USD 58 million in 2015. Rising demand for saffron to produce different types of skin care products can fuel market growth. It is expected to be used in anti-blemish lotions, fairness creams, and cleansers. In addition, it can be used for acne and tan removal and to treat various other skin ailments. Growth of cosmetics sector in Asia Pacific is likely to boost demand for saffron from 2016 to 2025.

Other segments including paint and textile accounted for 8% of global market share in 2015. High demand for saffron from these sectors owing to its properties such as oriental fragrance, color dyeing, and replacement of chemical color pigment can fuel market growth over the forecast period.

Regional segmentation includes Europe, North America, Asia Pacific, South & Central America, and Middle East & Africa. In 2015, Spain and Italy accounted for 34% Europe market volume attributed to rising product demand from food sector. These countries is expected to be engaged in manufacturing of saffron. Increasing use of innovative packaging technology to deliver quality according to requirement of local food companies can boost market growth during the forecast period.

On the contrary, Asia Pacific accounted for market share equivalent to USD 198 million in 2015. Continual development of various application sectors such as medical, cosmetics, and food can augment market growth in the region. The region is expected to remain second largest market during the period from 2016 to 2025. Rising product manufacturing in India owing to easy availability of skilled workforce that can result in higher production capacity can fuel market growth. Moreover, significant product demand from food sector is predicted to boost growth of market over the forecast period.

In Middle East & Africa, the market is predicted to grow well during the forecast period attributed to expansion of perfume sector in the region. Increasing use of saffron in perfumes attributed to its oriental fragrance can fuel growth of market.  

Some of the leading companies offering saffron are Iran Saffron Company, Gohar Saffron, Rowhani Saffron Co., and Saffron Business Co., and Esfedan trading company. Intense competition in the market is expected to push producers to focus on affordable pricing structure, integrated supply chain, and product quality difference. Hence, companies are likely to invest in integration of supply chain to maintain their market share coupled with focus on significant growth.

In-Depth Research Report On Saffron Market:

https://www.grandviewresearch.com/industry-analysis/saffron-market

Food Thickeners Improve Viscosity and Texture of the Product

14-December-2018: According to a report published by Grand View Research, Inc.; the food thickeners market is expected to reach a valuation of around USD 18.98 billion by 2025.

Increasing demand for processed and convenience food among the consumers due to rise in disposable income and changing lifestyle can propel the market during the forecast period (2014 to 2025).

Rising demand for these products in the production of flavored beverages and carbonated drinks are expected to increase the product demand in the coming years. These thickeners are being extensively used in several beverages such as juices, fruit pulps, and energy drinks in order to improve viscosity and texture of the product without affecting its national value. These benefits are expected to drive the market growth.

Worldwide food thickeners market can be segmented on the basis of product, application, and region.  As per product, the market can be classified into starch, hydrocolloids, and proteins.

In 2016, The starch segment estimated for over 42% of total market share due to its high-self-life, low cost, and easy availability. The segment is expected to grow swiftly with an estimated CAGR of 6.7% on account of high demand from end-use applications due to its superior properties like high stability, viscosity, and low cost.

The protein segment is anticipated to show high growth in the coming years. Various products in this segment such as collagen, gelatin, and egg whites provide better stability, emulsification, and gelling to desired food product. Proteins are water soluble and not require reactive agents for conversion, which is the key driving factor for the segment.

Based on application, the market can be categorized into bakery, dairy, beverages, confectionery, and others. The beverages segment is expected to grow at an estimated CAGR of 7.5% over the forecast period due to increasing demand for energy drinks, juices, soft drinks, and flavored beverages. In 2016, the bakery segment accounted for 27% of total market share.  Increasing demand for gluten-free products and ingredients due to rise in awareness regarding its negative health effects is expected to drive the segment during the forecast period.

Geographically, the market can be divided into North America, Europe, Asia Pacific, Central & South America, and The Middle East & Africa.

Asia Pacific is expected to show significant growth during the forecast period. China is likely to expand at CAGR of 7.7% during the forecast period due to growing population along with increasing demand for sauces, dairy products, and baby food products in the country. India is expected to grow at a CAGR of 7.1% during the projected period. This growth can be associated with factors such as growing food and beverages industry, improving economic condition, and changing eating preferences of consumers.  Increasing demand for bakery and confectionery products in this region is also expected to support the market growth.

Central & South Africa is expected to grow on account of rapidly growing food and beverages sector in countries including Peru, Venezuela, Argentina, Brazil. Factors such as rapid urbanization, changing eating preference, and growing disposable income in this region is expected to drive the end-use application sector, thereby boost the product demand.

Europe is projected to grow at CAGR of 6.0% during the forecast period on account of prosperous food and beverages sector and chaining cooking patterns in the region.

In 2016, The U.S. estimated for major market shar of total North American market size due to presence of major market participants and increasing demand for comfort food in the country.

Prominent players operating in the market include Cargill Inc.; Kerry Group PLC.; Tate & Lyle PLC; Archer Daniels Midland Company; and Fuerst Day Lawson.

Volatile price of raw material is the major challenge for the companies. Major participants are making high investments for product innovation and expanding their production capabilities to sustain in the market. The new participants in the market are required to introduce innovative product with better price to survive in the competition.

In-Depth Research Report On Food Thickeners Market:

https://www.grandviewresearch.com/industry-analysis/food-thickeners-market

Dairy Alternatives Market Hit USD 35.06 Billion by 2024: Grand View Research, Inc.

12-December-2018: According to a report published by Grand View Research, Inc.; the dairy alternative market is likely to reach a valuation of around USD 35.06 billion by 2024.

Increasing number of lactose intolerance cases and rising healthcare concerns among the consumers can drive the market during the forecast period (2013 to 2024).

Several nutritional benefits offered by these products including high protein content and low cholesterol content and use of these products in the manufacturing of daily food products is expected to boost the demand for these products in the coming years. Chaining dietary preferences of consumers due to increasing number of allegories accompanying with the consumption of non-vegan foods is expected to support the market growth over the forecast period.

Worldwide dairy alternatives market can be segmented on the basis of product, formulation, application, and region.

As per product, the market can be categorized into rice milk, soy milk, almond milk, and others.

In 2016, the soy milk segment estimated for 40.5% share of the overall market. This segment is anticipated to grow at a CAGR of 15.7% during the forecast period due to increasing demand from Asian countries. Soya milk contains isoflavones and prevents breast cancer and heart diseases. This has increased the consumption of the product among female consumers. The U.S is the major producer of the soymilk

Almond milk is anticipated to grow rapidly with CAGR of 17.8% during the forecast period. This growth can be associated with its high content of energy, protein, fiber, and lipids. In addition, with compare to other products, it has a better taste and texture.

Based on formulation, the market can be bifurcated into plain and flavored. In 2016, the plain formulation segment reported for over 52.7% due to high demand from elderly population as these formulations are cholesterol free. The segment is projected to grow at CAGR of 15.4% during the forecast period. Increasing demand from food and beverages for plain unsweetened desserts and snacks is likely to boost the segment growth over the forecast period. The flavored formulation segment is predicted to be the fastest growing segment. It is expected to expand at a CAGR of over 17.9%. Introduction of new flavors and increasing demand in the making of lactose-free yoghurts and desserts can boost the segment during the forecast period.

On the basis of application, the market can be split into food and beverages.

The beverage segment is expected to grow at CAGR of 16.3%. Increasing demand in several nut based flavored milk products including almond, cashew, walnut is likely to drive segment growth.

The food segment is expected to grow steadily due to increasing demand for non-dairy chees and yoghurts. Changing dietary habits among the consumers in Brazil, India, and China are mainly driving demand for lactose-free cheese.

Geographically, the market can be divided into North America, Europe, Asia Pacific, Latin America, and The Middle East & Africa.

In 2016, Asia Pacific dominated the market and estimated for over 49.7% of the total market share. Factors such as changing consumer dietary habits, increasing disposable income, increasing awareness among the consumers is anticipated to create positive impact on the market. The market is also expected to dominate over the forecast period due to presence of high lactose intolerant population base in the South East Asian countries.

Europe is expected to expand with CAGR of 13.7% during the projected period. This growth can be attributed to high consumer demand for cholesterol free and plant-derived food products and lactose-free yogurt and ice-creams in this region.

The U.S. Food and Drug Administration, Food Canning Establishment Registration, and Scheduled Process Regulations implemented regulations, which are mandatory for the manufacturers as these products are directly consumed by the consumers. This is likely to act as a major threat for the manufacturers.

Key companies operating in the market include Eden Foods, Inc.; SunOpta Inc.; Living Harvest Foods Inc.; The Hain Celestial Group, Inc.; and Archer Daniels Midland Company. The market participants are mainly focusing on research and development (R&D) activities and innovative product development.

In-Depth Research Report On Dairy Alternatives Market:

https://www.grandviewresearch.com/industry-analysis/dairy-alternatives-market

Rising Health Awareness is Anticipated to Propel Demand for Breakfast Cereals

03-December-2018: According to a report by Grand View Research, Inc., global breakfast cereal market is anticipated to value USD 54.31 billion by 2025. Growing requirement for on-the-go breakfast coupled with rising health awareness among consumers is anticipated to propel demand for breakfast cereals.

Breakfast cereals are likely to offer gains as essential ingredients. The commonly used grains can include barley, wheat, oats, rice, and corn. Oatmeal is expected not to contain any other ingredient while other variants can include yeast, salts, coloring agents, sweeteners, and food preservatives.

Rising influence of westernization on food habits of middle-class population can contribute significantly towards demand for breakfast cereals. Continual advancements in food retail infrastructure coupled with growing awareness regarding benefits of consuming grain-based breakfast can fuel growth of market. Gradually changing purchasing behavior and eating habits of consumers is expected to influence growth of market in emerging economies. Growing middle-class population and rapid urbanization in these economies can result in changing lifestyle and demand for on-the-go meals among consumers. Moreover, rising number of consumers focusing on reducing calorie intake by cutting down their portion sizes and replacing conventional breakfast options with breakfast cereals can stimulate market growth during the forecast period (2014 to 2025).   

The breakfast cereal market can be segregated on the basis of product, distribution, and region.

Based on product, the market can be categorized into hot cereals and ready-to-eat (RTE) cereals. In 2016, RTE cereals dominated the market and accounted for 68% of global revenue share. The segment consists of cornflakes, bars, cookies, biscuits, and others. High demand for on-the-go meal options is likely to fuel consumption of breakfast cereal bars and biscuits. Growing awareness regarding fast, easy, and inexpensive meal options offered by RTE cereal segment can boost market growth. Moreover, rising adoption of cereal bars among kids owing to effective advertising strategies and attractive packaging can also fuel growth of market.

On the contrary, hot cereals segmented is expected to witness fast growth during the forecast period. Growing adoption of nutritious meal options in breakfast can surge demand for multi-grain cereals including seeds, grains, and beans. Numerous health benefits of including these organic and whole grain based cereals in diet can augment demand for hot cereals. Moreover, incorporation of exotic flavors into product variants to offer taste can gain traction among consumers.

Based on distribution, the market can be classified into e-commerce, convenience stores, supermarket, and others. In 2016, supermarket segment dominated the market and accounted for largest market share. It is expected to grow at similar pace during the forecast period attributed to increasing number of supermarkets globally. Initially these supermarkets were concentrated only to Europe and North America regions, but now they have expanded their presence across Middle East & Africa and Asia Pacific.

Similarly, e-commerce segment is anticipated to emerge as prominent distribution channel across the globe. The segment is likely to generate considerable revenue from developed economies of Europe and North America owing to rising adoption of mobiles and internet. Online channels are expected to provide better access to branded merchandise and offer advanced shopping experience. In addition, these online channels are likely to gain popularity among lifestyle users in developed regions.

Regional segmentation includes Europe, North America, Asia Pacific, central & south America, and Middle East & Africa. In 2016, North America dominated the market and accounted for largest market share. Rising health concerns attributed to increasing health issues such as obesity, diabetes, and digestive disorders can fuel growth of region. In addition, continual innovations in terms of product & packaging coupled with growing adoption of new products among local consumers can surge product demand during the forecast period.

Similarly in Asia Pacific, the market is expected to witness significant growth owing to widening base of population indulged in busy lifestyles and demanding convenience food. In addition, high demand for natural and nutritional food products attributed to rising consumer awareness regarding healthy lifestyle can influence growth of market in the region.

Some of the leading companies offering breakfast cereal are Alara Whole Foods Ltd., Nestlé S.A., Kellogg Company, Bagrrys India Ltd., and Marico Limited.

In-Depth Research Report On Breakfast Cereal Market:

https://www.grandviewresearch.com/industry-analysis/breakfast-cereals-market

Citric Acid Market is Anticipated to Value USD 3.83 billion by 2025: Grand View Research, Inc.

15-November-2018: According to a report by Grand View Research, Inc., global citric acid market is anticipated to value USD 3.83 billion by 2025. Growing requirement for chemical compound that can increase shelf life of food and ease digestion is anticipated to propel demand for citric acid. This acid is likely to impart sourness & tartness and enhance flavor, when used as additive in food products. In addition, it can also inhibit microbial growth to increase shelf life of food.

Increasing use of citric acid in manufacturing of digestive medicines is likely to influence growth of market. Growing adoption of citric acid as additive in food & beverages to enhance shelf life can augment market growth during the forecast period (2014 to 2025).

The citric acid market can be segregated on the basis of form, application, and region. Based on form, the market can be bifurcated into powder and liquid. In 2016, powder segment dominated the market and accounted for 63.3% market share. The segment is likely to lose market share by 2025 attributed to increasing use of liquid form in food & beverages and detergents. Liquid form of citric acid can be used in various food and dairy products owing to its properties such as texture modification, flavor enhancement, and acidifying agent. Such form can also be used in oil sector as iron control additive for chelating and to maintain pH level of acidizing agents to reduce precipitation of iron in oil.

Based on application, the market can be categorized into food & beverages, pharmaceutical, and others. In 2016, food & beverages segment dominated the market and accounted for market share 57.9%. It is likely to grow at remarkable CAGR of 5% from 2017 to 2025. Increasing use of citric acid in dietary supplements and ice creams can fuel growth of segment. In addition, citric acid can control pH value in medicines and form salt derivatives of metals and minerals in pharmaceuticals. Moreover, it can be used with sodium bicarbonate in effervescent formulae to manufacture ingestion tablets and personal care.

Other application segments can include cosmetics, detergents & cleaners, animal feed, and textiles. When used in cleaners, it is likely to enhance formation of foam and work well without using water softener. In addition, citric acid can also be used to develop photographic films by using it in stop bath. 

Regional segmentation includes Europe, North America, Asia Pacific, Central & South America, and Middle East & Africa. In North America, the market is expected to witness significant growth during the forecast period attributed to rising demand for digestive citric acid based pharmaceuticals and food & beverages in the region. According to world health organization (WHO), around 65 to 70 million people in North America are likely to face digestive problems. Use of digestive citric acid in food, beverages, and medicines can resolve problem related to digestion, which in turn can augment growth of market in this region.

In Europe, the market is likely to grow at remarkable rate during the forecast period. In 2016, Germany accounted for market share equivalent to USD 220.1 million. Prevalence of major pharmaceutical manufacturers in the region such as Merck; Bayer AG; and Schering AG can fuel market growth in this region.

In Middle East & Africa, the market can grow well during the forecast period attributed to growing awareness regarding benefits of citric acid based pharmaceuticals and food & beverages in the region. In addition, increasing penetration of international market participants by establishing plants and offices in the region to expand their footprint can fuel growth of market.

In Asia Pacific, the market is anticipated to witness highest growth rate during the forecast period. Increasing number of geriatric population and prevalence of lifestyle diseases such as mental health problems, cardiovascular diseases, and gut health-related issues can influence market growth in this region.   

Some of the leading companies offering citric acid are Metagenics; MP Biomedicals; Cargill, Inc.; Pfizer, Inc.; and Kenko Corporation. Continual technological developments and increasing use of advanced machines to manufacture citric acid is likely to increase production of innovative products such as encapsulated citric acid. Manufacturing companies can also invest in R&D activities to develop citric acid products that can be used in multiple applications such as cosmetics, pharmaceuticals, and detergents.

In-Depth Research Report On Citric Acid Market:

https://www.grandviewresearch.com/industry-analysis/citric-acid-market

Animal Feed Additives Market is Expected to Reach 23.81 Billion by 2025: Grand View Research, Inc.

13-November-2018: According to a report published by Grand View Research, Inc.; the animal feed additives market is expected to reach a valuation of around 23.81 billion by 2025.

Growing consumption of milk and meat products coupled with high concerns regarding diseases among livestock can propel the market during the forecast period (2014 to 2025). Additionally, Growing awareness among the customers regarding extrinsic quality attributes of meat is also expected to increase the demand for these products.

High prevalence of diseases in livestock animals such as foot and mouth infections, bird flu, and swine flu has increased the concern about quality and safety of meat and meat products. The fodder additives play vital role to prevent diseases in animals and to improve vitamin intake, digestion, the rate of weight gain, which enhances the overall quality of meat production. These benefits are expected to drive the market in the coming years. Furthermore, technological advancements with enhancements in formulations of products according to feed type preferences and changing regulatory policies are steering are driving the market growth.

However, high demand for grains such as barley, wheat, and maize from other commercial food and biofuel application are likely to hamper the market growth.

Worldwide animal feed additives market can be divided into product, livestock, and region.

Based on product, the market can be categorized into antibiotics, vitamins, antioxidants, amino acids, Feed Enzymes, feed acidifiers, and others.

The amino acids segment appeared as the major segment and estimated for over 30% of the overall revenue in 2015. Growing consumption of meat in Asia pacific and Middle East regions is expected to drive the segment growth in the coming years.

In 2015, the antibiotics segment was the second leading segment accounted for around 26% of the total volume. The ban on antibiotics in Europe and the U.S. is likely to increase the demand for alternative products such as acidifiers, enzymes, and amino acids.

As per livestock, the market can be bifurcated into port/swine, poultry, cattle, aquaculture, and others.

In 2015, in terms of revenue, the poultry segment was the leading segment and accounted for over 34% of the total revenue. The cattle segment was the second largest segment in 2015 and is anticipated to estimate over 29% of the total market share in terms of volume by 2025.

Geographically, the market can be divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa.

In 2015, Asia Pacific reported for the major market and captured around 33% of the total revenue. The region is likely to expand at a CAGR of 3.8% from 2016 to 2025. This growth can be attributed to growing population, improving living standards, and rise in disposable income. Developing countries in this region such as China, Indonesia, and India have been experiencing strong economic growth. China is considered as one of the key producers as well as consumer of meat in the world. Rapid urbanization, chaining lifestyle, and growth in disposable has increased their shift from traditional food to meat product in the country.

In 2015, North America was the second largest market and estimated for around 27% of the total volume. High availability of raw material such as dextrose and maize are expected to boost the market in this region. In 2015, the U.S. foodstuff acidifiers market in cattle livestock was 613 tons and is likely to reach a total volume of over 1,090 tons through 2025. High consumption of meat in the U.S. and Mexico and presence of strict regulations about meat quality are driving the growth in this region.

Prominent companies operating in the market include Novus International Inc.; Elanco Animal Health; Ajinomoto Co., Inc.; Elanco Animal Health; and Evonik Industries. The market is highly competitive and the parameters such as application development and customized products are major parameters for the competition. Players in the market are focused in the development of diversified product range to gain higher share in the market.

In-Depth Research Report On Animal Feed Additives Market:

https://www.grandviewresearch.com/industry-analysis/animal-feed-additives-market