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Modified Starch Market Set To Witness An Uptick During 2022 to 2030
Modified Starch Industry Overview
The global modified starch market size is predicted to reach USD 18.9 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.3% from 2022 to 2030. The market is anticipated to expand significantly during the forecast period due to its use in a variety of applications such as paper, food and beverage, pharmaceuticals, textiles, and other applications like biodegradable polymers, coatings, and adhesives. Growing concern about health and nutrition, as well as a shift toward a healthier diet, are likely to be major factors driving the market.
The product penetration will rise over the forecast period as the demand for organic sweeteners in non-carbonated soft drinks and energy drinks rises. In order to produce efficient water-soluble modified starches, companies are investing more in research and development, which has created dynamic market conditions. Product innovation has significantly increased recently in order to access markets and reap strategic advantages. As a result, businesses have integrated and diversified their product portfolios to increase their presence throughout the value chain.
Modified starch has a high viscosity and improves the flavor, aroma, and color of the food it is used in because it contains very low protein and fat/lipid content. It also has organoleptic qualities and can be used in a variety of meals. Additionally, native-modified starch is suitable to be used in pet feeds and animal nutrition. During the palletization and extrusion processes, it facilitates the improvement of the finished product's texture while also giving animals a digestible energy source.
Gather more insights about the market drivers, restrains and growth of the Modified Starch Market
The market is expanding as a result of the rising demand for modified starch in personal care and cosmetic products to cater to distinct consumer preferences. In addition to being a potent substitute for silicone as well as other raw materials, modified starches also reduce greasiness. They are a great addition to baby and children's products along with cosmetics for tanning. Additionally, starches provide a chance to increase the stability of the emulsion. These factors are predicted to fuel product demand in the coming years.
Ingredient suppliers have been expanding their starch sources, and starch innovations are now focused on baked food elements such as fruit filling in desserts and sauces in frozen food meals. According to Starch Europe, European starch production has increased to over 11 million tons in 2020 as compared to 8.7 million tons in 2004. This includes starch made from maize, potato, and wheat. More importantly, an increasing number of starch manufacturers are investing in the European starch and sweetener market to contribute to the local economy and community, whilst also positioning the business for long-term progress, which will drive market growth.
Browse through Grand View Research's Nutraceuticals & Functional Foods Industry Research Reports.
The global polydextrose market size was valued at USD 355.1 million in 2024 and is projected to grow at a CAGR of 5.8% from 2025 to 2030.
The global bio vanillin market size was estimated at USD 227.7 million in 2024 and is projected to grow at a CAGR of 5.2% from 2025 to 2030.
Modified Starch Market Segmentation
Grand View Research has segmented the global modified starch market based on product, material, function, end-use, and region:
Modified Starch Product Outlook (Revenue, USD Million, 2017 - 2030)
Starch Esters & Ethers
Resistant
Cationic
Pre-gelatinized
Others
Modified Starch Material Outlook (Revenue, USD Million, 2017 - 2030)
Corn
Cassava
Wheat
Potato
Others
Modified Starch Function Outlook (Revenue, USD Million, 2017 - 2030)
Stabilizers
Thickeners
Emulsifiers
Binders
Others
Modified Starch End-use Outlook (Revenue, USD Million, 2017 - 2030)
Food & Beverage
Animal Feed
Paper
Pharmaceuticals
Textiles
Others
Modified Starch Regional Outlook (Revenue, USD Million, 2017 - 2030)
North America
US
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Asia Pacific
China
India
Japan
Thailand
Australia & New Zealand
Central & South America
Brazil
Middle East & Africa
South Africa
Key Companies profiled:
Emsland-Stärke GmbH
Grain Processing Corporation
Global Bio-Chem Technology Group Company Limited
Ingredion Incorporated
Roquette Frères
ADM
Agrana Beteiligungs AG
Avebe U.A.
Cargill, Incorporated
Samyang Genex Corp.
Beneo-Remy N.V.
Siam Modified Starch Co., Ltd.
China Essence Group Ltd.
PT Budi Starch & Sweetener Tbk
Tate & Lyle PLC
ULRICK&SHORT
KMC (Kartoffelmelcentralen) Amb
Order a free sample PDF of the Modified Starch Market Intelligence Study, published by Grand View Research.
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The Pulse Ingredients Market is projected to grow from USD 21785 million in 2024 to an estimated USD 32929 million by 2032, with a compound annual growth rate (CAGR) of 5.3% from 2024 to 2032. The global pulse ingredients market has been witnessing robust growth in recent years, driven by increasing consumer awareness about health, sustainability, and plant-based nutrition. Pulses, including lentils, chickpeas, beans, and peas, are rich sources of protein, fiber, and essential nutrients. As the demand for natural and functional food ingredients rises, pulse-derived products such as flours, proteins, starches, and fibers have become pivotal across multiple industries, including food, beverage, and animal feed.
Browse the full report https://www.credenceresearch.com/report/pulse-ingredients-market
Market Overview
The pulse ingredients market has expanded significantly, fueled by shifting dietary preferences and the increasing prevalence of vegetarian, vegan, and flexitarian lifestyles. Pulses are considered a sustainable and nutrient-rich food source, aligning with the global push toward reducing carbon footprints and promoting environmental sustainability. In 2022, the market size was valued at approximately USD 25 billion and is expected to grow at a compound annual growth rate (CAGR) of over 6% from 2023 to 2030.
Key Drivers of Growth
1. Health and Wellness Trends
Consumer focus on health and wellness has surged, with pulses gaining attention for their role in managing weight, improving digestion, and reducing the risk of chronic diseases such as diabetes and heart disease. Pulses are low in fat and glycemic index while being high in protein, making them ideal for health-conscious consumers.
2. Rise in Plant-Based Diets
The plant-based revolution has spurred the demand for meat and dairy alternatives, where pulse proteins such as pea protein are widely used. These ingredients provide a clean label and allergen-friendly alternative to soy and whey, catering to the growing vegan and vegetarian demographics.
3. Functional Food Applications
Pulses are increasingly utilized in functional foods due to their nutritional properties. Ingredients like pulse flours enhance protein and fiber content in baked goods, snacks, and pasta. Moreover, pulse starch is gaining traction in gluten-free products.
4. Sustainability
Pulses require less water and fertilizer compared to other crops, making them a sustainable choice in agriculture. Governments and organizations are promoting pulses as a key solution to combat food insecurity and climate change.
Applications Across Industries
Food and Beverage
Pulse ingredients are extensively used in producing bakery products, snacks, plant-based meat, dairy alternatives, and ready-to-eat meals. Pulse flours are popular for their gluten-free properties, while pulse proteins are essential in plant-based formulations.
Industrial Applications
Beyond food, pulse starches find applications in biodegradable packaging and other industrial uses, reflecting the versatility of these ingredients.
Future Outlook
The pulse ingredients market holds immense potential as consumers and industries recognize the value of these sustainable, health-promoting ingredients. With advancements in technology and growing investment in R&D, the market is poised for innovation in diverse applications. Companies are likely to focus on expanding their product portfolios, enhancing processing capabilities, and leveraging marketing strategies to capitalize on the growing demand for plant-based and sustainable foods.
Key Player Analysis:
ADM
AGT Food & Ingredients
AM Nutrition
Axiom Foods, Inc.
Cargill Inc.
Coscura
Emsland Group
Ingredion Inc.
Puris
Roquette Frères
The Scoular Company
Segmentation:
By Source
Lentils
Peas
Chickpeas
Others
By Type
Pulse Flour
Pulse Starch
Pulse Protein
Pulse Fiber & Grits
By Application
Food & Beverage
Bakery & Confectionery
Snacks
Dairy
Beverages
Feed
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
South-east Asia
Rest of Asia Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle East & Africa
GCC Countries
South Africa
Rest of the Middle East and Africa
Browse the full report https://www.credenceresearch.com/report/pulse-ingredients-market
Contact:
Credence Research
Please contact us at +91 6232 49 3207
Email: [email protected]
Website: www.credenceresearch.com
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Biopolymers Market - Forecast(2024 - 2030)
Biopolymers Market Overview
The Biopolymers Market size is projected to reach US$27.5 billion by 2030, after growing at a CAGR of 11.5% over the forecast period 2024–2030. The various benefits associated with the biopolymers such as polyesters, polylactic acid, polyhydroxy butyrate, polybutylene succinate and more include biocompatibility, biodegradability, renewability and more. These benefits make biopolymers a sustainable replacement for petroleum-derived materials. The bolstering food & beverage industry, including poultry products, dried food and more is the primary factor driving the biopolymers market growth. For instance, the FAO’s food outlook published in June 2023 expects global poultry meat production to reach more than 142 million mt, a 1.3% increase compared to 2022’s value. However, The COVID-19 pandemic resulted in restrictions affecting various aspects of the supply chain, including logistics, which had a detrimental impact on production activities in the biopolymers industry. Following the pandemic, government measures aimed at rejuvenating production activities played a crucial role in fueling the recovery and growth of the biopolymers industry. Moreover, the growth of the medical and healthcare industry is fueling the demand for biopolymers. As a result, the biopolymers market size will grow throughout the forecast period.
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Report Coverage-The “Biopolymers Market Report — Forecast (2024–2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Biopolymers Market.
By Type: Bio-based Polyesters [Polylactic Acid (PLA), Polyhydroxybutyrate (PHB), Polybutylene Succinate (PBS), Polybutylene Succinate Adipate (PBSA), Polytrimethylene Terephthalate (PTT) and Others], Bio-based Polyolefins, Bio-based Polyamides (Bio-PA) (Homopolyamides, Bio-PA 6, Bio-PA 11, Copolyamides and Others), Polyurethanes, Polysaccharide Polymers (Cellulose-based Polymers and Starch-based Polymers) and Others.
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By Molding Process: Extrusion, Injection, Melt compounding and Others.
By Application: Packaging (Rigid Packaging and Flexible Packaging), Fibers, Paper & Cardboard Coatings, Agricultural Seed Coatings, Automotive Interiors & Exteriors, Medical Implants, Circuit Boards, Insulators, Laminates and Others.
By End-use Industry: Food & Beverage (Fresh Food, Bakery, Frozen Food, Dried Food, Poultry Products, Dairy Products, Confectionery, Alcoholic Beverages, Non-alcoholic Beverages and Others), Medical & Healthcare (Pharmaceuticals, Medical Devices and Others), Agriculture, Consumer Electronics (Computers, Smartphones, Refrigerators and Others), Automotive [Passenger Vehicles (PV), Light Commercial Vehicles (LCV) and Heavy Commercial Vehicles (HCV)], Textile, Aerospace (Commercial, Military and Others), Building & Construction (Residential, Commercial, Industrial and Others) and Others
By Geography: North America (the USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and Rest of South America), Rest of the World [Middle East (Saudi Arabia, UAE, Israel and Rest of Middle East) and Africa (South Africa, Nigeria and Rest of Africa)]
Key Takeaways
• Europe dominated the Biopolymers Market, owing to the growth of the fresh food industry in the region. For instance, according to the Federal Statistical Office of Germany,roughly 6,100 agricultural holdings in Germany harvested a total 3.8 million tonnes of vegetables in 2022.
• The government initiatives for green initiatives are fuelling the demand for Biopolymers such as polyesters, polyethylene and more are driving the market growth.
• Moreover, the increasing adoption of Biopolymers in packaging applications is also accelerating market growth.
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Biopolymers Market Segment Analysis — by Application
The packaging segment held the largest Biopolymers Market share in 2023 and is estimated to grow at a CAGR of 10.4% over the forecast period 2024–2030. Biopolymers such as polyesters, polylactic acid, polyhydroxybutyrate and more are frequently deployed in packaging because they enhance the shelf-life of the product and also it reduces the overall carbon footprint related to food packaging. The films composed of biopolymers such as polysaccharides and protein-composed increase mechanical and optical properties. As a result, biopolymers packaging is employed across various end-use industries, including food & beverages, medical & healthcare and more. Thus, owing to the above-mentioned benefits, the adoption of biopolymers is surging in packaging applications, which is accelerating market growth.
Biopolymers Market Segment Analysis — by End-use Industry
The food & beverage segment held a significant Biopolymers Market share in 2023. The key properties of biopolymers are high strength, lightweight and heat resistance. As a result, biopolymers are frequently used in the food and beverage industry. Moreover, due to their superior quality, functionality, affordability and composability, they are an ideal replacement for single-use plastic food & beverage packaging. The surging development of food & beverage facilities, governmental initiatives and others are the crucial variables propelling the food & beverage industry’s growth. For instance, according to Invest India, the food processing sector in India is one of the world’s largest, with output anticipated to reach US$535 billion by 2025–2026. Hence, the growth of the food & beverage industry is expected to fuel the demand for biopolymers. As a result, the market growth will accelerate during the upcoming years.
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Biopolymers Market Segment Analysis — by Geography
Europe is the dominating region as it held the largest Biopolymers Market share in 2023. The economic growth of Europe is driven by the growth of the various industries, including food and beverage, medical & healthcare and other similar industries. The food and beverages industry growth are vital for food security in the European region. For instance, according to Food Drink Europe, the food and drink industry in Europe produced a 107.7 production index in the fourth quarter of 2022 and a 109.2 production index in the first quarter of 2023, an increase of 1.4 percent. Also, according to the European Union, in 2022, the production of fruits in the European Union countries was about 35.9 million metric tons and out of this, apples and pears production were the highest at 14.7 million metric tons, which was 40.9% of the total fruit production. Therefore, the booming food & beverage industry in Europe is boosting the demand for biopolymers. This, in turn, is proliferating the biopolymers market size growth.
Biopolymers Market Drivers Government Initiatives for Biopolymers
The transformation of the current linear material system into a circular economy necessitates national and international legislation. This is due to the globalized industry’s complex worldwide supply chains. Governments at the global level are taking initiatives for biopolymers. For instance, In March 2023, the European Commission adopted a policy framework on biobased, biodegradable, and compostable plastics, marking an initiative to drive the biopolymers market. Aligned with the European Green Deal, this non-legislative framework aimed to clarify environmental benefits, set strict standards, and guide future policies on green claims, ecodesign, carbon removal, and microplastics. Thus, the growing government initiatives for biodegradable packaging are driving the demand for biopolymers, which is aiding market growth.
Growth of the Medical Devices Industry
In the production of medical devices such as replacement joints, heart valves, arteries, teeth, tendons, ligaments and eye lenses, biopolymers are used to replace or repair some diseased, damaged, or non-functional pieces of tissue or bone. Factors such as technological improvements in medical equipment and an aging population are accelerating the medical device industry’s growth. For instance, in global comparison, most revenue will be generated in the United States US$182.00bn in 2024. Thus, the growth of the medical device industry is boosting the demand for biopolymers, which, in turn, is driving market growth.
Biopolymers Market Challenge Higher Cost Associated with Biopolymers
Biopolymers such as polyesters, polylactic acid, polyhydroxy butyrate and more have the advantage of easy disposable and regeneration. However, one disadvantage of biopolymers is that they necessitate the use of expensive industrial processors and composters, particularly for those that must be broken down at high industrial temperatures. For instance, according to Plastmart, the major drawback of biopolymers is their higher price tag when compared to traditional polymers. While the typical, conventional polymers cost between US$1000 and US$1500 per metric tonne (MT), biopolymers can cost anywhere from US$4000 to US$15,000 per MT for materials like polyhydroxy butyrate. Therefore, the high price associated with biopolymers may restrict the growth of the biopolymers industry in the coming years.
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Biopolymers Industry Outlook
Technology launches, acquisitions and increased R&D activities are key strategies adopted by players in the Biopolymers Market. The top 10 companies in the Biopolymers market are
Recent Developments:
• In October 2023, Braskem opened a Tokyo office, advancing bio-based solutions in the biopolymers market. With over 15 years in Japan, it reflects their commitment to sustainability. Concurrently expanding in Brazil and Thailand, Braskem focuses on delivering low-carbon alternatives globally.
• In August 2022, DSM Engineering Materials launched StanylB-MB (Bio-based Mass Balanced), a more environmentally friendly version of its mainstay polyamide (PA) product that contains up to 100% bio-based material. It enables DSM Engineering Materials to halve the carbon footprint of this product line.
• In June 2022, a global polymer manufacturer based in Germany launched VerdessenceTM RiceTouch, a new biopolymer used for various personal care products.
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Native Starch Market Analysis: Key Drivers, Production Trends and Demand Patterns Impacting Industry Dynamics
The native starch market has witnessed significant growth in recent years, driven by increased demand across various industries such as food & beverages, pharmaceuticals, and textiles. Native starch is a naturally occurring carbohydrate polymer, derived from sources like corn, potatoes, wheat, and cassava. It serves as an essential ingredient in numerous applications, ranging from thickening and stabilizing agents in food to binding agents in industrial products.
This article provides a detailed overview of the native starch market's growth dynamics, production trends, and demand outlook.
Market Growth Insights
Rising Demand for Clean-Label Products One of the key growth drivers of the native starch market is the rising consumer preference for clean-label products. Consumers are increasingly scrutinizing the ingredients in food products, seeking those made from natural, minimally processed components. Native starch, being a natural and non-modified starch, aligns perfectly with the clean-label trend. This has prompted food manufacturers to shift from modified starches to native starches, as they can market their products as healthier and more transparent.
Growing Application in Processed Foods The processed food industry is expanding rapidly, especially in emerging markets. Native starch is extensively used in processed foods as a thickening, gelling, and stabilizing agent. It enhances the texture, consistency, and shelf-life of food products without compromising their natural appeal. Key applications include bakery items, confectionery, sauces, soups, and ready-to-eat meals. With the rising demand for convenience foods globally, the consumption of native starch is expected to increase, particularly in the Asia-Pacific and Latin America regions.
Increasing Adoption in Pharmaceuticals and Cosmetics Native starch has gained traction in non-food sectors, particularly in the pharmaceutical and cosmetics industries. In pharmaceuticals, native starch is used as a binder and disintegrant in tablet formulation. Its biocompatibility and non-toxicity make it an ideal ingredient for medical applications. Additionally, the cosmetics industry leverages native starch for its absorbent and thickening properties, used in products such as face powders, lotions, and creams. As consumer demand for natural and plant-based cosmetic products grows, the use of native starch is expected to increase.
Sustainability and Bio-based Solutions Sustainability is another key factor fueling the growth of the native starch market. Industries across the board are seeking bio-based, eco-friendly alternatives to synthetic materials. Native starch, being biodegradable and renewable, fits well into this movement toward sustainability. The push for greener industrial practices, particularly in packaging, paper, and textiles, is anticipated to open new avenues for native starch, thus enhancing its market growth in the coming years.
Production Scenario
Leading Producers and Regions The production of native starch is concentrated in regions with abundant agricultural resources. Major producers include the United States, China, India, and parts of Europe, where corn, potatoes, and cassava are readily available. The U.S. dominates the market, especially in the production of corn starch, driven by its extensive maize cultivation. Similarly, China is a significant producer, utilizing both corn and cassava starch in various industries.
Technological Advancements in Production While native starch production is rooted in traditional agricultural practices, recent technological advancements have improved yield and quality. Innovations in extraction and processing techniques have enabled manufacturers to produce native starch more efficiently, reducing wastage and enhancing product purity. For instance, modern milling technologies have minimized the energy required for starch extraction, leading to cost savings and environmental benefits.
Challenges in Production Despite the advancements, the native starch market faces challenges in production, particularly related to weather conditions and crop availability. Since native starch is derived from natural sources, its production is sensitive to climate changes, water availability, and soil quality. Fluctuations in raw material supply can lead to price volatility, impacting both manufacturers and end-users.
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Demand Dynamics
Food and Beverage Sector Dominance The food and beverage industry remains the largest consumer of native starch, accounting for a significant share of the global demand. This is attributed to its wide-ranging applications in bakery, dairy, confectionery, sauces, and soups. The ongoing trend of healthier food options, combined with the surge in demand for plant-based and organic products, is expected to keep the food sector's demand for native starch robust.
Growing Demand in Emerging Markets The native starch market is seeing growing demand in emerging markets such as India, China, Brazil, and Southeast Asia. As disposable incomes rise and lifestyles shift towards urbanization, the consumption of processed and convenience foods is increasing, thereby boosting the demand for native starch in these regions. Additionally, the expanding pharmaceutical and cosmetic sectors in these markets are contributing to the overall demand.
Industrial Applications on the Rise Beyond food, the industrial applications of native starch are also expanding. The paper and textile industries are significant consumers, using native starch for its adhesive and film-forming properties. In the paper industry, native starch is used to enhance paper strength and print quality. Similarly, in textiles, native starch is used in the finishing process to improve fabric texture. With increasing environmental regulations promoting the use of biodegradable materials, native starch is gaining prominence in these industries.
Projected Growth in Native Starch Market
The global native starch market is projected to grow at a steady rate over the next few years, driven by its natural appeal, wide-ranging applications, and increasing consumer awareness regarding clean-label and sustainable products. However, production challenges related to raw material supply and price fluctuations could pose obstacles to market growth. Nevertheless, ongoing advancements in production technologies and the exploration of new applications in industries like pharmaceuticals, cosmetics, and packaging are expected to sustain the growth momentum.
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Biopolymers Market - Forecast(2024 - 2030)
Biopolymers Market Overview
The Biopolymers Market size is projected to reach US$27.5 billion by 2030, after growing at a CAGR of 11.5% over the forecast period 2024-2030. The various benefits associated with the biopolymers such as polyesters, polylactic acid, polyhydroxy butyrate, polybutylene succinate and more include biocompatibility, biodegradability, renewability and more. These benefits make biopolymers a sustainable replacement for petroleum-derived materials. The bolstering food & beverage industry, including poultry products, dried food and more is the primary factor driving the biopolymers market growth. For instance, the FAO’s food outlook published in June 2023 expects global poultry meat production to reach more than 142 million mt, a 1.3% increase compared to 2022’s value. However, The COVID-19 pandemic resulted in restrictions affecting various aspects of the supply chain, including logistics, which had a detrimental impact on production activities in the biopolymers industry. Following the pandemic, government measures aimed at rejuvenating production activities played a crucial role in fueling the recovery and growth of the biopolymers industry. Moreover, the growth of the medical and healthcare industry is fueling the demand for biopolymers. As a result, the biopolymers market size will grow throughout the forecast period.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞
Report Coverage
The "Biopolymers Market Report – Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Biopolymers Market.
By Type: Bio-based Polyesters [Polylactic Acid (PLA), Polyhydroxybutyrate (PHB), Polybutylene Succinate (PBS), Polybutylene Succinate Adipate (PBSA), Polytrimethylene Terephthalate (PTT) and Others], Bio-based Polyolefins, Bio-based Polyamides (Bio-PA) (Homopolyamides, Bio-PA 6, Bio-PA 11, Copolyamides and Others), Polyurethanes, Polysaccharide Polymers (Cellulose-based Polymers and Starch-based Polymers) and Others.
By Molding Process: Extrusion, Injection, Melt compounding and Others.
By Application: Packaging (Rigid Packaging and Flexible Packaging), Fibers, Paper & Cardboard Coatings, Agricultural Seed Coatings, Automotive Interiors & Exteriors, Medical Implants, Circuit Boards, Insulators, Laminates and Others.
By End-use Industry: Food & Beverage (Fresh Food, Bakery, Frozen Food, Dried Food, Poultry Products, Dairy Products, Confectionery, Alcoholic Beverages, Non-alcoholic Beverages and Others), Medical & Healthcare (Pharmaceuticals, Medical Devices and Others), Agriculture, Consumer Electronics (Computers, Smartphones, Refrigerators and Others), Automotive [Passenger Vehicles (PV), Light Commercial Vehicles (LCV) and Heavy Commercial Vehicles (HCV)], Textile, Aerospace (Commercial, Military and Others), Building & Construction (Residential, Commercial, Industrial and Others) and Others
By Geography: North America (the USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and Rest of South America), Rest of the World [Middle East (Saudi Arabia, UAE, Israel and Rest of Middle East) and Africa (South Africa, Nigeria and Rest of Africa)]
Key Takeaways
• Europe dominated the Biopolymers Market, owing to the growth of the fresh food industry in the region. For instance, according to the Federal Statistical Office of Germany,roughly 6,100 agricultural holdings in Germany harvested a total 3.8 million tonnes of vegetables in 2022.
• The government initiatives for green initiatives are fuelling the demand for Biopolymers such as polyesters, polyethylene and more are driving the market growth.
• Moreover, the increasing adoption of Biopolymers in packaging applications is also accelerating market growth.
• However, the high cost of the Biopolymers is expected to create a retrain for the market growth during the projected forecast period.
Biopolymers Market Segment Analysis – by Application
The packaging segment held the largest Biopolymers Market share in 2023 and is estimated to grow at a CAGR of 10.4% over the forecast period 2024-2030. Biopolymers such as polyesters, polylactic acid, polyhydroxybutyrate and more are frequently deployed in packaging because they enhance the shelf-life of the product and also it reduces the overall carbon footprint related to food packaging. The films composed of biopolymers such as polysaccharides and protein-composed increase mechanical and optical properties. As a result, biopolymers packaging is employed across various end-use industries, including food & beverages, medical & healthcare and more. Thus, owing to the above-mentioned benefits, the adoption of biopolymers is surging in packaging applications, which is accelerating market growth.
Biopolymers Market Segment Analysis – by End-use Industry
The food & beverage segment held a significant Biopolymers Market share in 2023. The key properties of biopolymers are high strength, lightweight and heat resistance. As a result, biopolymers are frequently used in the food and beverage industry. Moreover, due to their superior quality, functionality, affordability and composability, they are an ideal replacement for single-use plastic food & beverage packaging. The surging development of food & beverage facilities, governmental initiatives and others are the crucial variables propelling the food & beverage industry's growth. For instance, according to Invest India, the food processing sector in India is one of the world’s largest, with output anticipated to reach US$535 billion by 2025-2026. Hence, the growth of the food & beverage industry is expected to fuel the demand for biopolymers. As a result, the market growth will accelerate during the upcoming years.
Biopolymers Market Segment Analysis – by Geography
Europe is the dominating region as it held the largest Biopolymers Market share in 2023. The economic growth of Europe is driven by the growth of the various industries, including food and beverage, medical & healthcare and other similar industries. The food and beverages industry growth are vital for food security in the European region. For instance, according to Food Drink Europe, the food and drink industry in Europe produced a 107.7 production index in the fourth quarter of 2022 and a 109.2 production index in the first quarter of 2023, an increase of 1.4 percent. Also, according to the European Union, in 2022, the production of fruits in the European Union countries was about 35.9 million metric tons and out of this, apples and pears production were the highest at 14.7 million metric tons, which was 40.9% of the total fruit production. Therefore, the booming food & beverage industry in Europe is boosting the demand for biopolymers. This, in turn, is proliferating the biopolymers market size growth.
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Exploring the Expanding Biopharmaceutical Excipients Market Size
The Biopharmaceutical Excipients Market Size was valued at USD 2.7 billion in 2023 and is expected to reach USD 4.17 billion by 2031, and grow at a CAGR of 5.6% over the forecast period 2024-2031.The biopharmaceutical excipients market is witnessing robust growth, driven by the expanding biopharmaceutical industry and the increasing complexity of drug formulations. Excipients, which are inactive substances formulated alongside the active ingredients of medications, play a crucial role in stabilizing, preserving, and enhancing the bioavailability of biopharmaceutical products. With advancements in biotechnology, there is a rising demand for specialized excipients that can cater to the unique needs of biologics and biosimilars. Additionally, the trend towards personalized medicine and targeted drug delivery systems is propelling the development of innovative excipient solutions. Regulatory agencies' emphasis on safety and efficacy further underscores the importance of high-quality excipients, fostering collaborations between excipient manufacturers and biopharmaceutical companies to meet stringent standards and ensure optimal patient outcomes.
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Market Scope & Overview
Global market opportunities and challenges are influenced by underlying drivers and constraints. Strategic partnerships, new product launches, initiatives, key market competitors, development factors, restrictions, and opportunities are all covered by market research. The global Biopharmaceutical Excipients Market research report includes a detailed analysis of the key market dynamics, company profiles, essential product specifications, sales statistics, and contact information.
The most recent market data can be studied by clients to gain quantitative industry expertise. The most significant market trends are thoroughly examined in the Biopharmaceutical Excipients Market research study. The industry's response to key market factors such drivers, inhibitors, opportunities, and threats is studied.
Market Segmentation Analysis
By Product
Solubilizes & Surfactants/Emulsifiers
Triglycerides
Esters
Others
Polyols
Mannitol
Sorbitol
Others
Carbohydrates
Sucrose
Dextrose
Starch
Others
COVID-19 Impact Analysis
The COVID-19 impact analysis will help market participants create pandemic mitigation strategies. The demand and supply side effects on the target market are considered in this study. In addition to using private databases and a paid data source, this study also used primary and secondary research. The research's description of the market environment as a result of the COVID-19 pandemic will be useful to market participants both now and in the future. The study examines COVID-19's impact on both international and domestic Biopharmaceutical Excipients Marketplaces.
Regional Outlook
The performance of various regional markets in Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa was examined in the Biopharmaceutical Excipients Market research report. Data were gathered through focus groups, questionnaires, interviews, national and geographic research, and an all-dimensional evaluation.
Competitive Analysis
Market conditions, pricing, positioning, key rivals, and a comprehensive data collection approach must all remain constant. The market research report also includes a large selection of projections for the future market based on historical data. The goal of the study is to assist suppliers, end users, dealers, and other company stakeholders in making investment decisions and pursuing possibilities to grow the Biopharmaceutical Excipients Market.
Key Reasons to Purchase Biopharmaceutical Excipients Market Report
A detailed market analysis that considers upstream raw materials, downstream output, and current growth estimates.
Give a general overview of the present state of the chosen industry, mentioning any applications or developments.
Conclusion
For emerging markets, global business research is offered, including analysis of the competitive landscape and development trends. The industry participants who want to propel their businesses to success should definitely check out this market research report.
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The Expanding Horizon of the Polymer Foam Market
Polymer foams, encompassing a variety of materials including polyurethane, polystyrene, polyethylene, and polypropylene, have become indispensable in a range of industries due to their unique properties. Lightweight, insulating, and versatile, these foams are used in applications from packaging and construction to automotive and medical devices. The polymer foam market is on an upward trajectory, driven by technological advancements, increasing demand in emerging economies, and a growing emphasis on sustainable materials.
Market Overview and Growth Drivers
The polymer foam market has experienced robust growth over the past decade and is projected to continue expanding at a significant pace. According to recent market analyses, the global polymer foam market was valued at approximately USD 115 billion in 2022 and is expected to reach over USD 165 billion by 2030, growing at a CAGR of around 5% during the forecast period. Several factors contribute to this growth:
1. Technological Advancements: Innovations in polymer chemistry and processing technologies have led to the development of high-performance foams with enhanced properties such as improved thermal insulation, increased strength, and better environmental resistance. Advanced manufacturing techniques, including 3D printing and nanotechnology, have also played a crucial role in expanding the application range of polymer foams.
2. Rising Demand in Emerging Economies: Rapid industrialization and urbanization in countries such as China, India, and Brazil have significantly boosted the demand for polymer foams. These regions are experiencing a surge in construction activities, automotive production, and consumer goods manufacturing, all of which extensively use polymer foams for their lightweight and insulating properties.
3. Sustainability Trends: The global shift towards sustainability and eco-friendly materials is positively impacting the polymer foam market. Manufacturers are increasingly focusing on producing bio-based and recyclable foams to meet the growing consumer and regulatory demand for sustainable products. For instance, companies are developing foams from renewable resources such as corn starch and cellulose, reducing reliance on petroleum-based raw materials.
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Key Applications
1. Construction: In the construction industry, polymer foams are widely used for insulation, roofing, flooring, and soundproofing. Their excellent thermal insulation properties help in reducing energy consumption in buildings, making them an essential component in green building practices.
2. Automotive: The automotive sector utilizes polymer foams for various applications, including seating, interior panels, and sound insulation. The lightweight nature of these foams contributes to overall vehicle weight reduction, enhancing fuel efficiency and reducing emissions.
3. Packaging: Polymer foams are extensively used in packaging due to their shock-absorbing properties. They provide protection for delicate and high-value goods during transportation, ensuring that products reach their destination intact.
4. Medical Devices: In the healthcare industry, polymer foams are used in a range of medical devices and applications such as wound dressings, surgical pads, and prosthetics. Their biocompatibility, flexibility, and cushioning properties make them ideal for patient care products.
Challenges and Future Outlook
Despite the promising growth prospects, the polymer foam market faces several challenges. Environmental concerns related to the disposal and recycling of polymer foams remain a significant issue. Traditional polymer foams are often non-biodegradable, contributing to environmental pollution. However, ongoing research and development efforts are focused on creating biodegradable and more easily recyclable foam materials.
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Additionally, fluctuations in raw material prices, particularly petroleum-based products, can impact production costs and market prices. Manufacturers are therefore investing in alternative raw materials and more efficient production processes to mitigate these challenges.
Looking forward, the polymer foam market is poised for continued growth, driven by innovation and the increasing adoption of sustainable practices. Companies that invest in research and development, focus on sustainable solutions, and adapt to changing market demands are likely to lead in this dynamic and expanding market.
In conclusion, the polymer foam market represents a vibrant and essential segment of the global materials industry. With its wide range of applications and continuous advancements, it offers significant opportunities for growth and development in the years to come.
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#Polymer Foam Market#Polymer Foam Market Growth#Polymer Foam Market Share#Polymer Foam Market Forecast
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Modified Starch Market Global Trends, and Opportunities Forecast by 2031
Modified Starch Market Scope & Overview
The global Modified Starch Market research study offers an in-depth look of the industry's current and future state. The report is based on comprehensive primary and secondary research and includes all market data. The analysis also covers statistics by type, industry, channel, and other criteria, as well as market volume and value for each category. The leading companies in the market, distributors, and the overall structure of the industrial chain are all examined in the report. It also assesses the variables and criteria that may influence market growth.
The world economy was impacted by the coronavirus pandemic. A number of market conditions have changed. According to the Modified Starch research report, the market is rapidly evolving, and the influence is being analyzed both in current phase and in the future scenario. For the forecast period, the report includes accurate numbers for the industry's market size, share, production capacity, demand, and growth. This is the most recent COVID-19 market effect analysis study.
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Market Key Players:
Sms Corporation, Global Bio-Chem Technology Group Company Limited, Ingredion Incorporated , Archer Daniel Midlands Company , Cargill Incorporated , Tate & Lyle , Avebe u.a., Tereos , Lyckeby And Avebe).
Market Segmentation
The Modified Starch research study discusses market segmentation by product type, application, end-user, and geography. The study investigates the industry's growth objectives, as well as cost awareness and manufacturing processes. The market study comprises a basic industry overview, as well as classification, definition, and, as a result, the supply and demand chain structure. Global marketing data, competitive climate surveys, growth rates, and crucial development status information are all part of global research.
By Raw Material:
Potato
Corn
Cassava
Wheat
Other raw materials (rice bran, waxy maize etc.)
By Application:
Food & beverages
Bakery & confectionery
Beverages
Processed food
Other food & beverages applications*(desserts, sauces, dressings etc.)
Feed
Ruminant feed
Swine feed
Poultry feed
Other feed applications (cattle feed etc.)
Industrial
Paper making
Weaving & textiles
Medicines & pharmaceuticals
Cosmetics
Other industrial applications(personal care, hygiene etc.)
By form:
Dry
Liquid
By modification type:
Physical modification
Hydrothermal
Non-hydrothermal
Chemical modification
Cationic starch
Etherified starch
Esterified starch
Enzymatic modification
By function:
Stabilizers
Emulsifiers
Binders
Other functions
Regional Analysis
North America, Latin America, Europe, Asia Pacific, and the Rest of the World are the regions that make up the Modified Starch market. Research covers everything from production and consumer ratios to market size and market share, import and export ratios, supply and demand, consumer demand ratios, technological advancements, research and development, infrastructure development, economic growth, and a strong market presence in every region. The geographical research will aid players in identifying lucrative markets where they may cash in on new prospects.
Competitive Outlook
The Modified Starch market study focuses on the most noteworthy acquisitions, collaborations, and product launches in the sector. The study report employs advanced research methodologies such as SWOT and Porter's Five Forces analysis to provide deeper insights into important players. The research offers a detailed overview of the worldwide competitive environment as well as key insights into the major rivals and their expansion ambitions. It also contains crucial information on financial conditions, worldwide positioning, product portfolios, revenue and gross profit margins, as well as technological and research breakthroughs.
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Animal Feed Enzymes Market Outlook for Forecast Period (2023 to 2030)
The Global Animal Feed Enzymes market was estimated at USD 1.30 billion in 2021, and is anticipated to reach USD 1.82 billion by 2028, growing at a CAGR of 4.85%.
Enzymes are proteins that aids in the breakdown, and absorption of naturally occurring elements like fiber and phytate in various feed ingredients. Due to the excessive use of synthetic and inorganic fertilizers, the crops are losing their nutritional qualities and some harmful by-products are formed once they are ingested by the livestock. Due to the ongoing crisis, livestock keepers are facing economic challenges because of which the livestock is fed with incompetent fodder. Moreover, this fodder contains harmful elements which hinder the digestion process of the livestock so to compensate certain important enzymes are used which aids the livestock indigestion and this would help the animal feed market to flourish during the forecast period. The cellulase enzyme helps in the digestion of the cellulose polysaccharide and breakdowns the fiber, glucan’s acts on non-starch polysaccharides and breaks down the fiber. Proteases act on the protein components and help in the degradation of the proteins into amino acids which are the essential building blocks for livestock. The rapidly growing livestock sector and the decrease in the productivity of competent fodder are expected to give a boost to the sector.
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The latest research on the Animal Feed Enzymes market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Animal Feed Enzymes industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Animal Feed Enzymes market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
Leading players involved in the Animal Feed Enzymes Market include:
Enzyme Innovation (US), BASF SE(Germany), Bioresource International Inc. (US), Eukaryotic Biologicals Pvt Ltd (India), Nutrex BE (Central Florida), AB Enzymes GmbH (Germany), Koninklijke DSM (Netherlands), DuPont (US), Chr. Hansen Holding a/s (Denmark), Novozymes (Denmark), Aum enzymes (India), Caprienzymes (India) and Others Major players
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Segmentation of Animal Feed Enzymes Market:
By Type
Cellulase
Proteases
Phytases
Alpha-Amylase
Carbohydrase
Non-Starch Polysaccharides
Others
By Source
Animal
Microorganisms
Plant
By Form
Dry
Liquid
By Livestock
Swine
Poultry
Aquaculture
Sheep's
Goats
Others
Market Segment by Regions: -
North America (US, Canada, Mexico)
Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
South America (Brazil, Argentina, Rest of SA)
Reasons for Acquiring this Report:
1. Strategic Decision-Making for Government Leaders and Politicians:
Gain insights into the global Animal Feed Enzymes Market Growth 2023-2030 market revenues at global, regional, and national levels until 2030. Assess and strategize market share based on comprehensive analysis, enabling informed decision-making. Identify potential markets for exploration and expansion.
2. Informed Decision-Making for Professionals and Product Developers:
Access a detailed breakdown of the Animal Feed Enzymes Market Growth 2023-2030 market worldwide, including product variations, use cases, technologies, and final consumers. Allocate resources effectively by anticipating demand patterns for emerging products. Stay ahead in product development by understanding market dynamics and consumer preferences.
3. Strategic Planning for Sales Managers and Market Stakeholders:
Utilize market breakdowns to target specific segments, optimizing sales strategies. Address challenges and capitalize on expansion opportunities highlighted in the report. Mitigate threats effectively with a comprehensive understanding of market risks.
4. Comprehensive Understanding for Executives:
Analyze primary drivers, challenges, restrictions, and opportunities in the global Laboratory Clothes market. Develop effective strategies by gaining insights into market dynamics. Allocate resources based on a thorough understanding of market conditions.
5. Competitive Intelligence:
Obtain a detailed analysis of competitors and their key tactics in the Animal Feed Enzymes Market Growth 2023-2030. Plan market positioning based on a comprehensive understanding of the competitive landscape. Stay ahead by learning from competitors’ strengths and weaknesses.
6. Accurate Business Forecasting:
Evaluate the accuracy of global Animal Feed Enzymes Market Growth 2023-2030 business forecasts across regions, major countries, and top enterprises. Make data-driven decisions with confidence, minimizing risks associated with inaccurate forecasts. Stay ahead of industry trends by aligning business strategies with reliable forecasts.
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#AnimalFeedEnzymes#FeedAdditives#EnzymeSupplements#LivestockNutrition#FeedIndustry#DigestiveEnzymes#PoultryFeed#SwineFeed#CattleFeed#Aquafeed#EnzymeTechnology#NutritionalEnhancement#GrowthPromoters#FeedConversion#RuminantNutrition
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Middle East and Africa Frozen Fruits and Vegetables Market Outlook, Insight, Report 2022-2029
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Middle East and Africa Frozen Fruit and Vegetable Market size at USD 218.49 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Middle East and Africa Frozen Fruit and Vegetable market size to grow at a CAGR of 5.83% reaching a value of USD 307 million by 2029. The Middle East and Africa frozen fruit and vegetable market is expected to grow due to a number of factors, including shifting consumer preferences for convenience meals and a growing labor force. Furthermore, the availability of exotic fruits and vegetables as well as increased accessibility to frozen fruit and vegetables through supermarkets and hypermarkets are expected to create attractive opportunities for growth for the frozen fruit and vegetable market in the Middle East and Africa.
Frozen Fruit and Vegetable – Overview
Frozen fruits and vegetables are packed below freezing point to preserve and extend their durability. Its market is gaining momentum and expanding rapidly, especially in recent years. This is because they are readily available on the market and come at a lower cost. Consumers prefer frozen fruits and vegetables because they are healthier. Furthermore, frozen foods retain their vitamins and minerals while maintaining their protein, starch, and fat content. That is the reason why the demand for a diverse range of products, such as ready-to-eat foods, salads, and fruit juices, is growing by leaps and bounds. Through freezing techniques, the chances of the food having a chemical reaction are reduced significantly, and a higher temperature ensures the stoppage of micro-organism development in it, which ensures a higher shelf life.
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Middle East and Africa Frozen Fruit and Vegetable Market – By Technology
Based on technology, the Middle East and African frozen fruit and vegetable market is segmented into flash-freezing/individual quick freezing (IQF), belt freezing, high pressure-assisted freezing, and others. The flash-freezing/individual quick freezing (IQF) segment holds the largest market share owing to the highest retention of vitamins in the products. According to the University of Southern California, the vitamins are retained in the produce as soon as they ripen due to the flash-freezing process, which also helps to preserve its flavor and tenderness.
Impact of COVID-19 on Middle East and Africa Frozen Fruit and Vegetable Market
The COVID-19 pandemic has severely curtailed the expansion of the frozen fruits and vegetables sector in the Middle East and Africa. Government-imposed lockdowns fully halted manufacturing and supply chains, which had an impact on the consumption of these products. The coronavirus emerged and quickly expanded over many MEA nations. Unfortunately, restrictions were also placed on customs carriages, which resulted in serious raw material scarcity and the total cessation of production of frozen fruits and vegetables. Nonetheless, a post-COVID spike in demand is anticipated for the frozen fruit and vegetable industry.
Impact of Prolonging Israel-Hamas War on Middle East and Africa Frozen Fruit and Vegetable Market
The raging war between Israel and Hamas, a Palestine-based militant and nationalist organization, sends shockwaves across various industries, particularly oil & gas, transcending geographic boundaries and affecting businesses globally. The conflict between Israel-Hamas has been a longstanding, deeply entrenched geopolitical issue. On October 07, 2023, Hamas, in a surprise and heavy attack, struck Israel with thousands of rockets and infiltrations killing more than 1,100 people. In response, the prime minister of Israel declared war against Hamas and anticipated that the war would be ‘long and difficult.’ The United States has sent its warships and aid to Israel and stated that its citizens were killed in the war. At the end of October 2023, it was estimated that more than 10,000 people during the war.
Also, the war in Middle East will affect industries across verticals and regions. Oil & gas is one of the adversely affected industries by the war. The Middle East, including Israel, is a vital hub for oil production and transportation. Any disturbance in the Middle East region instantly raises concerns about oil supply disruptions, leading to increased oil prices worldwide. For example, the World Bank anticipates that the crude oil prices would spike to a range of USD 140–157 a barrel in the long term, if the war continues to escalate and spreads to other regions. This spike in oil and energy costs will have a domino effect on multiple industries. As fossil fuel is one of the main fuels for the transport and logistics, companies and end users in the Middle East and Africa Frozen Fruit and Vegetable Market face the brunt of rising fuel prices. Volatile and higher fuel prices could increase the cost of frozen fruits and vegetables, resulting in the declined demand for them affecting their sales and market growth.
Competitive Landscape
Major players operating in the Middle East and Africa frozen fruit and vegetable market include Ardo Group, Greenyard, Bonduelle Group, Pinguin, Dole Food Company, McCain Foods Limited, Birds Eye, H.J. Heinz Company, Simplot, Al Kabeer Group, Sunbulah Group, Americana Group, Agthia Group, Karsten Group, and Eskort Limited.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
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Albumin Market Size, Growth with a CAGR of ~6% During 2023-2035 and Attain ~USD 10 Billion by 2035
Research Nester’s recent market research analysis on “Albumin Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global albumin market in terms of market segmentation by type, grade, application, and by region.
Rise in the Number of Heart Operation Performed in the World to Promote Global Market Share of Albumin
The global albumin market is estimated to grow majorly on account of the increasing prevalence of diseases, that affects human organs and requires the surgery. For instance, Patients undergoing cardiac surgery may incur severe blood loss, demanding the replacement of electrolytes and blood-related materials. Therefore, rise in the number of cardiac surgeries will drive the demand for albumins. Every year, roughly 2 million individuals worldwide receive open-heart surgery in order to treat various cardiovascular conditions. On the other hand, it is expected that in the coming few years, over 50 million adults in the world will be suffering from chronic liver disease, since it occurrence rate has increase from 4.5% to 9.5% in the world wide population. Albumin is employed as a component in the removal of excess fluid from the abdomen in liver illnesses.
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Besides this, various development has taken place in albumin, which makes it suitable for treating or aiding the treatment of a wide range of diseases. For instance, some researchers have suggested in COVID-19 patients if albumin serum is injected at low levels. It helps identify patients who are at high risk of developing pneumonia or respiratory failure and patients who require longer stays at the hospital. Furthermore, the rising popularity of plant-based albumin has significant drive the industry’s expansion. Plant-based albumins enable adaptation and change in function. As a result, scientists are attempting to create novel plant-based albumins through genetic engineering or by optimizing natural sources.
Some of the major growth factors and challenges that are associated with the growth of the global albumin market are:
Growth Drivers:
Surge in the Cardiovascular Surgeries
Rising Use of Albumins in the Research and Development of Drug Delivery Systems
Challenges:
Many people have shown allergic reactions towards albumin and there are strict regulatory policies for approving the use of albumin are some of the major factors anticipated to hamper the global market size of albumin. Individuals with known allergies to albumin or other proteins are more prone to experience allergic responses. The symptoms range from, skin rashes to serious effects, like breathlessness, chest pain, and others. On the other hand, there are many substitutes present in the market which is also expected to impede market growth. Albumins face competition from various alternative products and technologies in different applications. Some of the tough competitors are synthetic polymers, hydroxyethyl starch (HES), recombinant proteins, human serum-derived proteins, nanoparticles, and liposomes.
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On the basis of application, the global albumin market is segmented into drug formulation & vaccines, therapeutics, research. The therapeutics segment is anticipated to bring in the most revenue by the end of 2035, with a considerable CAGR over the forecast period. The growth of the segment is credited to growing incidents involving severe burns and other injuries. Albumin is utilized as a plasma expander to restore and maintain intravascular volumes, which is lost due to severe burns. Furthermore, based on type, the market is further fragmented into recombinant albumin, human serum albumin, bovine albumin. Out of all, human serum albumin has shown tremendous growth and will be growing notably in the forecast period. The rising spending on the research and development of new drugs has boosted the demand for human serum albumin,
Furthermore, by the end of 2035, Europe is expected to control a significant share of the market. Improved understanding of the role of albumin in various conditions and the development of innovative therapies have increased the utilization of albumin in Europe. The advancements in medical technology and practices have expanded the application of albumins in healthcare. On the other hand, the rising prevalence of liver diseases, such as cirrhosis, hepatitis, and liver failure are also anticipated to boost the market growth in the region.
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This report also provides the existing competitive scenario of some of the key players of the global albumin market which includes company profiling of Octapharma AG, Bio Med International Pvt. Ltd., Baxter, Apotex Inc., Novozymes, Mitsubishi Tanabe Pharma America Inc., Merck KGaA, Akron Biotech, Thermo Fisher Scientific, and Grifols, S.A
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Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.
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The Global Plastic Market: Trends, Opportunities and Forecasts
Introduction
The global plastic market has seen steady growth over the past decade, driven by rising demand from key end-use industries such as packaging, construction, automotive and electronics. With versatile properties, cost-effectiveness and ease of manufacturing, plastics have become an indispensable part of modern life. However, concerns around plastic waste and its environmental impact have also come to the forefront in recent years. This article provides a comprehensive overview of the global plastic market, analyzing key trends, opportunities, challenges and forecasts for the industry.
Market Size and Growth Projections
The Global Plastic Market is expected to reach the value of USD 668.2 billion in 2023, with a compound annual growth rate of 4.4% for the forecasted period (2023-2032). Asia Pacific is the largest as well as the fastest growing regional market, accounting for over 50% of total plastic demand globally. Packaging remains the dominant end-use segment, making up 40% of the total plastic consumption worldwide.
Some key factors driving growth in the plastic market include:
Rising demand from food and beverage, consumer goods, healthcare and e-commerce sectors Infrastructure development and construction activity especially in emerging economies Growing use of plastics to reduce weight and improve fuel efficiency in automobiles Technological advancements and new product developments such as biodegradable or recyclable plastics
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Trends and Innovations
Several notable trends are shaping the growth trajectory of the global plastic market currently. These include:
Lightweighting: Using plastics to reduce weight of finished products improves efficiency across industries. Lightweighting plastics demand is rising in automobiles, aircrafts, electronics etc.
Bioplastics: Bioplastics are made from renewable biomass sources and provide sustainability benefits over conventional plastics. Market for bioplastics is projected to grow at over 15% CAGR through 2025.
Recycled Plastics: Using recycled plastic content reduces dependency on virgin plastic. Chemical recycling technologies are also being developed to improve recycled plastic quality.
Bio-based or Compostable Polymers: Novel polymers that are renewable, biodegradable or compostable are gaining interest to tackle plastic waste. Eg. PLA, PHA, PBS, starch blends.
High Performance Plastics: Advanced plastics with superior mechanical, thermal, electrical properties are being adopted across industries from aerospace to electronics. High engineering plastics demand is on the rise.
Plastic Waste Management: With growing environmental concerns, focus is increasing on effective plastic waste management through better collection, sorting and recycling.
Packaging Industry Dynamics
Packaging accounts for the single largest share of plastic demand globally. Plastics are extensively used in food packaging, consumer goods packaging, pharmaceutical and industrial packaging.
Global plastic packaging market is projected to grow at a CAGR of 4.4% from 2021 to 2028 owing to booming e-commerce and rising processed foods and beverages consumption. Asia Pacific dominates plastic packaging consumption with over 40% global share.
Flexible plastic packaging and rigid plastic packaging are the key product segments. Demand for flexible packaging solutions such as pouches, bags and wraps is rising due to convenience and sustainability benefits.
Recyclability and use of recycled content is becoming an important trend in plastic packaging industry in line with circular economy goals. Brand owners are increasing adoption of recyclable packaging materials.
Emerging bio-based and compostable polymers such as PLA, PHA etc. are also seeing increased usage in plastic packaging applications.
Construction Industry Outlook
Construction sector is the second largest end-use segment for plastics after packaging. Plastics are used widely in pipes, insulation, floorings, sealants, coatings, cables, adhesives, fittings etc.
Global construction plastics market is forecast to grow at 4.5% CAGR from 2021 to 2028 owing to construction activity in developing regions. Developments in lightweight plastics, flame retardant plastics, plastic composites are driving adoption. PVC accounts for maximum consumption share, followed by polyethylene, polypropylene and EPS/XPS insulation plastics. Recycled plastics usage is also rising in construction applications. Sustainability, improved efficiency, lifetime value are key factors influencing plastic material selection and product development for construction sector. Plastic pipework, plastic flooring and coverings, plastic insulation are all high growth application areas displaying rising usage of plastics in construction.
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Automotive Industry Plastics Analysis
The automotive industry is one of the key consumers of plastics owing to part lightweighting and design flexibility offered by plastics. Engineered plastics, commodity plastics are both widely used in vehicle manufacturing.
Global automotive plastics market is projected to register a CAGR of over 5% from 2021 to 2028, crossing $50 billion in size by 2028. Polypropylene, ABS, PU, PVC, POM, PC are among the key plastics consumed in under-the-hood applications as well as interior and exterior automotive components. Recycled plastics, bioplastics and natural fiber reinforced plastics are also gaining prominence supported by sustainability initiatives. Electric vehicles represent a key emerging segment driving use of flame retardant plastics, insulating plastics for battery packs. Lightweighting plastics for efficiency improvement is a key focus area.
Medical Plastics Market Analysis
Plastics are crucial for the medical industry and used extensively in medical devices, disposables, implants and hospital equipment. Demand is driven by global healthcare spending and technological advances.
Global medical plastics market is forecast to reach $29 billion by 2028, growing at 6% CAGR over the next five years. Key factors supporting growth include rising chronic diseases, aging populations and investments in healthcare infrastructure. Polyvinyl chloride, polypropylene, polyethylene, polystyrene, silicones and polycarbonate are the most widely used medical plastics. Single-use medical plastics see high consumption driven by hygiene factors and convenience. Multi-use plastic medical equipment is also regularly used. Biocompatibility, durability, sterilizability and high purity are essential requirements for plastics used in medical applications.
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Challenges Facing the Plastic Industry
Despite steady demand growth, the plastic industry also faces a few challenges:
Plastic waste and recycling: Plastic waste generation is rising exponentially, but recycling rates remain low globally. This is leading to massive waste leakage into ecosystems.
Environmental regulations: Governments and environmental agencies are introducing stricter regulations on single-use and non-recyclable plastics. This increases compliance requirements for the industry.
Reputation issues: Plastic pollution is damaging the reputation of plastics among consumers, regulators and environment groups. Brands are facing pressures to switch to greener alternatives.
Feedstock volatility: Plastics production is heavily dependent on fossil fuel feedstocks. Crude oil and natural gas price volatility creates margin pressures for the petrochemicals and plastics industry.
Competition from substitutes: Plastic products face growing competition from alternative materials like paper, glass, metals supported by sustainability factors. Lightweighting advantage of plastics however provides strong technical benefits.
Future Outlook
The plastic industry outlook remains largely positive supported by ubiquitous usage across diverse sectors and technical benefits of plastics. However, sustainability factors, environmental regulations and competition from substitutes in certain applications will lead to self-correction by the industry.
Global plastic demand is projected to grow steadily led by Asia Pacific and driven by construction, packaging, automotive and medical sectors.
Improved recycling and waste management systems will be critical to tackle the plastic waste crisis. Chemical recycling holds promise.
Bioplastics, compostable plastics, bio-based polymers will gain larger share, but remain a small part of overall volumes. Lightweighting, durability, improved functionality will continue to drive plastic adoption in technically demanding applications.
Plastic bans and taxes will expand, forcing brand owners to rethink packaging strategies and material choices.
The industry will focus innovation efforts on making plastics more sustainable, recyclable and environmentally benign while retaining key benefits.
Frequently Asked Questions
What are the key end-use industries for plastics globally?
The major end-use industries for plastics globally are packaging, construction, automotive, electrical & electronics, consumer goods, medical devices and textiles. Packaging accounts for the largest share at over 40% of total plastic consumption.
What are the most widely used plastic types?
Polyethylene, Polypropylene, PVC, PET, Polystyrene and Polyurethane are the most widely used plastic resin types globally based on volume consumption. Specialty engineering plastics such as ABS, PC, Nylon are used in smaller volumes but provide critical performance properties.
How is plastic waste management evolving currently?
Plastic waste management is receiving greater attention and priority now driven by environmental regulations. Mechanical and chemical recycling technologies are advancing to improve recycled plastic quality. Bioplastics from renewable biomass that can degrade faster are also gaining usage.
What are the sustainability challenges facing the plastics industry?
Key sustainability challenges for the plastics industry include high waste generation, low recycling rates globally, plastic pollution issues, dependence on finite fossil fuel feedstocks and public perception of plastics as environmentally damaging.
How will sustainability trends impact future plastic demand?
Sustainability considerations will drive greater adoption of recyclable and recycled plastics. Bioplastics and bio-based polymers will capture increased share in packaging and other short-life applications. Overall plastics demand will keep rising but likely at a slower pace versus historical trends.
What innovations are happening in the plastics industry currently?
Some key innovations in the plastics industry include advanced recycling technologies to improve recycled plastic quality and economics, new biodegradable and compostable biopolymers from renewable sources, plastic products and packaging designed for circularity and advances in plastic lightweighting and high performance plastics.
Conclusion
The plastic market is set for continued steady expansion led by Asia Pacific and driven by diverse end-use sectors. While environmental sustainability issues pose challenges, continued innovation focused on recyclability, improved functionality and developing greener alternatives will enable the industry to transition to a more circular model aligned with stakeholder expectations. Plastics will continue enabling modern life through versatile properties, cost effectiveness and technical capabilities while addressing sustainability through better design, recycling and waste reduction.
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Sugar-Free Confectionery Market Outlook, Trends, Report 2022-2029
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated global sugar-free confectionery market size at USD 2.45 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects global sugar-free confectionery market size to grow at a significant CAGR of 5.5% reaching a value of USD 4.05 billion by 2029. Major growth drivers for global sugar-free confectionery market include an increasing concern related to high sugar intake and the surging demand for low-calorie and diabetic-friendly products. To produce candies with fewer calories, manufacturers use artificial sweeteners or sugar substitutes, including saccharin, aspartame, sucralose, acesulfame, and neotame. In addition, the use of sugar alcohols such as mannitol, erythritol, sorbitol, xylitol, lactitol, maltitol, and hydrogenated starch hydrolysates is becoming a popular trend in the industry, as these ingredients are considered healthier. The inclusion of sugar alcohols in confectionery products is expected to widen the range of products available to diabetic individuals. The market's revenue growth is driven by the rise of health concerns such as diabetes and obesity among populations, which can be attributed to changing lifestyles and increasing income levels. However, high cost of sugar-free confectionery products compared to traditional confectionery products and the limited availability of natural sugar substitutes are anticipated to restrain the growth of the global sugar-free confectionery market during the period in analysis.
Global Sugar-free Confectionery Market – Overview
Sugar-free confectionery products use artificial or natural sweeteners as a sugar substitute in the preparation of sweets and chocolates. These sweeteners are required in a smaller quantity compared to white table sugar for providing a sweet taste with reduced calories, carbohydrates, and glycemic response. High consumption of sugar has been found to have adverse effects on one’s health. Excessive sugar is known to plummet blood glucose levels, which can result in mood swings, fatigue, and headaches. It even enhances cravings and false hunger pangs. Long-term consumption of a substantial amount of sugar leads to a higher risk of obesity, heart disease, and diabetes. Various studies in the nascent stage have also found a relation between high-glycemic diets and multiple forms of cancer. It is also known to affect one’s immune system adversely and ultimately reduce the rate of recovery and even cause infection. Together, these are promoting awareness regarding reducing sugar consumption and initiating a preference for sugar-free products.
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Impact of COVID-19 on Global Sugar-free Confectionery Market
COVID-19 pandemic adversely affected the global sugar-free confectionery market. It led to disruptions in the supply chain and distribution channels, which impacted the production and availability of sugar-free confectionery products. The closure of manufacturing facilities and disruptions in the transportation and logistics industry caused delays in the delivery of raw materials and finished products, leading to shortages and increased prices. Also, the closure of retail stores and the shift towards e-commerce had a mixed impact on the sugar-free confectionery market. While online sales increased, the closure of physical stores and the resulting decline in impulse purchases impacted overall sales and revenue. However, with the implementation of lockdowns and social distancing measures, there was a shift in consumer behavior towards healthier eating habits and an increased focus on personal health and wellness. It led to a surge in demand for sugar-free and low-calorie confectionery products, as consumers seek out healthier alternatives to traditional sweets and chocolates.
Global Sugar-free Confectionery Market – By Product
By product, the global sugar-free confectionery market is bifurcated into Sweet & Candy Confectionery and Chocolate Sugar-Free Confectionery segments. The chocolate sugar-free confectionery segment holds a higher share in the global sugar-free confectionery market. Consumers are increasingly looking for healthier alternatives to traditional confectionery products, and sugar-free chocolate offers the taste and indulgence of regular chocolate without the negative health impacts of sugar. Most sugar-free confectionery products use maltitol as the primary sweetener, which is believed to be safe for diabetic individuals. Dark chocolate is a popular product in this category because it contains a higher amount of cocoa and less sugar and milk. This is because the darker chocolate has a higher cocoa content, which provides a more intense flavor and reduces the need for additional sweeteners. As a result, sugar-free dark chocolate is often preferred by health-conscious consumers and those with diabetes.
Competitive Landscape
Major players operating in the global sugar-free confectionery market include Nestle SA, The Hershey Company, Lindt & Sprungli AG, Mondelez International, Inc., Ferrero Group, Haribo GmbH & Co. KG, Perfetti Van Melle, Russell Stover Chocolates, Wrigley Jr. Company, Ricola AG, Chupa Chups SA, Jelly Belly Candy Company, Lotte Group, Swizzels Matlow Limited, and The Topps Company. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
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Potato Processing Market Size, Share, and Forecast: Exploring Opportunities for Processed Potato Products in a Dynamic Market Landscape
Introduction: The potato processing industry has witnessed remarkable growth in recent years, fueled by increasing demand for processed potato products worldwide. From french fries and potato chips to dehydrated potatoes and frozen potato products, the market offers a diverse range of processed potato options to cater to the evolving consumer preferences. In this blog, we will delve into the potato processing market, exploring its key segments, growth drivers, challenges, and future prospects.
Market Overview: The potato processing market encompasses the various stages involved in transforming raw potatoes into value-added products. It includes primary processing (washing, sorting, and peeling), secondary processing (cutting, blanching, frying, and freezing), and tertiary processing (packaging and distribution). The market caters to both the foodservice industry and retail consumers.
Growth Drivers: a) Increasing Consumer Demand: Rising urbanization, changing lifestyles, and a growing preference for convenience foods have boosted the demand for processed potato products globally. b) Product Innovation: Continuous innovation in product flavors, shapes, and packaging formats has expanded the consumer base and created new market opportunities. c) Technological Advancements: Advancements in potato processing technologies, such as automated sorting and cutting machines, have enhanced production efficiency and product quality. d) Expanding Fast Food Chains: The proliferation of fast-food chains and quick-service restaurants has increased the consumption of processed potato products, especially french fries.
Market Segmentation:Product Type:i) Frozen Potato Products ii) Dehydrated Potato Products iii) Potato Chips iv) Potato Flakes v) Others (including canned potatoes, potato starch, and potato-based snacks)Distribution Channel:i) Foodservice ii) Retail (supermarkets, hypermarkets, convenience stores)Regional Analysis:a) North America b) Europe c) Asia Pacific d) Latin America e) Middle East and Africa
Challenges and Opportunities: a) Fluctuating Raw Material Prices: Volatility in potato prices can impact the profitability of potato processors. b) Sustainability Concerns: Increasing consumer awareness about sustainable food production practices necessitates the adoption of eco-friendly processing methods. c) Competitive Landscape: The potato processing market is highly competitive, with several major players vying for market share. Companies must focus on product differentiation and branding strategies to stay ahead.
Future Outlook: The potato processing market is poised for significant growth in the coming years. Factors such as expanding consumer base, rising disposable incomes, and the emergence of new potato varieties suitable for processing are expected to drive market growth. Additionally, the growing trend of healthy snacking and the rising popularity of plant-based diets present opportunities for the development of innovative, healthier potato-based products.
Conclusion: The potato processing market is witnessing robust growth, driven by changing consumer preferences and advancements in processing technologies. As the demand for convenient, ready-to-eat potato products continues to rise, potato processors must adapt to evolving market dynamics, focus on sustainability, and explore new product avenues to capitalize on the immense growth potential in this thriving industry.
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Modified Starch Market - Forecast (2023 - 2028)
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Modified starch serves different purposes in different industries. Modified starch is majorly used in food and beverages industry as a thickening agent or as a stabilizer. The food and beverages industry is growing at 5.23% CAGR. The modified starch market is predicted to grow at a CAGR of 4.31% in the period of 2017-2023.
Modified starch market Outlook:
The modified starch market can be classified with respect to raw materials used, functions of the modified starch, end user industries using modified starch and different regions’ market. The modified starch is produced using different modification methods like physical modifications, chemical modifications, enzymatic modification and genetic modification. There are different types of modified starch available like Pregelatinized Starch, Cross-Linked Starch, Oxidized Starch, Cationic Starch, Anionic Starch and others.
Modified starch market Growth drivers:
The food and beverage industry uses modified starch as a fat replacer, texture improver and nutritional value enhancer. The demand for packaged food has seen an inclination in the recent period. The global market for packaged food is valued approximately at $ 2.6 trillion in 2017 and it is growing at an estimated CAGR of 4.5%.
Modified starch market Challenges:
Modified starch market has many benefits in various applications. Modified starch has been advancing in terms of its properties because of the improvements in its production technologies. However, modified starch ingredients have been facing competition from specialized ingredients that are used for limited applications. Gum Arabic is one among the specialized ingredients which is used in beverage industry.
Modified starch market Research Scope:
The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Modified starch market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.
Modified Starch (SAP) Market Report: Industry Coverage:
Modified starch market– By Raw materials: Corn, cassava, potato, wheat and others
Modified starch market – By Types: Pregelatinized Starch, Cross-Linked Starch, Oxidized Starch, Cationic Starch, Anionic Starch, Thinned Starch, Acetylated Starch, Dextrin, Grafted Starch, Ethers Starch, Physically Modified Starch, Enzyme Modified Starch
Modified starch market – By Production methods: Physical methods: Heat–moisture Treatment, Annealing, Retrogradation, Freezing, Ultra High Pressure Treatment, Glow Discharge Plasma Treatment, Osmotic-Pressure Treatment, Thermal Inhibition and Gelatinization; Chemical modifications: Etherification & Esterification,Cross-Linking,Acid Treatment,Oxidation,Dual Modification; Enzymatic Modifications; Genetic Modification.
Modified starch market – By Application: Thickeners, Stabilizers, Binders, Emulsifiers.
Modified starch market – By End-User industry: Food & Beverages: Frozen food, Flavor Encapsulation, Dairy Products, Canned foods; Pharmaceuticals: Pharmaceutical excipient, Tablet Superdieintegrant, Controlled/Sustained release polymer, Plasma volume expander; Cosmetics: Creams & Lotions, Anhydrous Products, Antiperspirants, Color cosmetics, Cleansing Products, Dry Shampoos, Powders; Animal Feed: Aquaculture, Beef Cattle, Compound feed, Bulk ingredient for On-farm Formulation, Pet food; Paper Industry, Petroleum Industry, Plastic Industry, Textile Industry, Others.
The Modified starch market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:
North America: The U.S., Canada, Mexico
South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
Middle East and Africa: Israel, South Africa, Saudi Arabia
Modified starch market Key Players Perspective:
Some of the Key players in this market that have been studied for this report include: Archer Daniels Midland Company, Cargill, Ingredion Incorporated, Tate & Lyle PLC, Roquette Frères, Avebe U. A., Grain Processing Corporation, Emsland- Stärke GmbH, Agrana Beteiligungs-AG, Sms Corporation Co. Ltd, Global Bio-Chem Technology Group Company Limited, Spac Starch Products Ltd. and Qingdao Cbh Co.Ltd.
“As global demand for healthier and tastier food continues to grow, this business has the opportunity to deliver meaningful benefits for our customers, employees, shareholders, and society at large, in the years ahead.” Nick Hampton, chief executive, Tate & Lyle
Market Research and Market Trends of Modified starch market:
Archer Daniels Midland Company has introduced new tapioca starch ingredients in partnership with Vedan international. These new ingredients will help in improving the stability by binding water in food systems.
Ingredion has launched a new modified food starch for yield improvement in cheese products. The new starch solution named PRECISA 680 is based on waxy maize. It is reported that the new starch solution can increase the yield by 8% to 10% in cheese manufacturing.
Tate & Lyle has received verification for 18 Starch Ingredients. These new starches will help in tackling formulation challenges which will deliver their texture goals. Texture is seen as one of the big challenges for formulators to optimize.
Ingredion has announced 17 additions to its wide range of non-GMO ingredient solutions. These newly added modified starch solutions helping in in improving process tolerance and stability in application related to food and beverage industry.
#Modified Starch#Corn#Tapioca#Potato#Wheat#Thickening Agent#Emulsifying Agent#Stabilizing Agent#Carbohydrate#Animal Feed#beverage#stabilizer#enzymatic modification
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empty capsules market to Latest Research, Industry Analysis, Driver, Trends, Business Overview, Key Value, Demand And Forecast 2023 to 2032
The global sales of empty capsules are anticipated to reach US$ 2.3 Billion in 2023. The market is further expected to increase at 7.9% CAGR during the forecast period, totaling a valuation of US$ 4.9 Billion by 2033.
The rising consumption of numerous drugs coupled with the increasing popularity of capsules over other drug delivery forms is a major factor boosting the sales of empty capsules. As the global burden of chronic disease continues to rise, demand for therapeutics is anticipated to increase at a substantial pace. This is, in turn, expected to generate lucrative growth prospects for the suppliers of empty capsules
Owing to the surging consumption of various drugs combined with the increasing popularity of capsules over several other drug delivery forms is a primary factor boosting sales of empty capsules. Since the burden of chronic diseases continues to rise, demand for therapeutics is anticipated to increase at a substantial pace. This is in turn expected to generate lucrative growth prospects for the suppliers of empty capsules.
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Empty capsules are known as protective shells for drugs designed from special film-forming materials such as gelatin, starch, and pullulan. Being innovative drug delivery products, they are utilized by leading pharmaceutical and biopharmaceutical companies due to their various attractive features. Such capsules are economical, oxidation resistant, offer maximum flexibility, and are easy to use on account of their smooth and slippery nature. Furthermore, they are especially suitable for substances having a bitter taste and unpleasant odor.
Key Takeaways
The market is subjected to change in relevance in order to get regulatory impositions of gelatin sourcing and licensing for distribution, as per the macro and industry standards. The prominent driver in the global empty capsules market incorporates the development of natural alternatives to raw material sourcing of gelatin.
In addition to that, efficient packaging of empty capsules has proven to improve the integrity of the product and avoid contamination. It has also offered several solutions for the efficient dissolution of the capsules and is therefore expected to enhance the sales outlook of the empty capsules market during the forecasted years.
Empty capsules have proven to be an ideal drug delivery product as they account for their ability to protect sensitive substances from oxidation as well as their user-friendly nature. These capsules are usually smooth and slippery which makes them easy to swallow.
The use of empty capsules is diverse within the healthcare sector as they are expletively utilized by pharmaceutical and biopharmaceutical companies to encapsulate liquids, powders, granulates, oils, extracts, and even herbs. Surging production and consumption of empty capsules to cater to the rising demand from the pharmaceutical industry will continue to boost the empty capsules market growth during the assessment period.
Over the last few years, encapsulated capsules have garnered major traction for the encapsulation of unpalatable medicines. The empty capsule suppliers are using various strategies to increase sales. They are focusing on developing innovative capsule materials that not only help to deliver medicine but also perform other functions as well. This will help them to lure more and more customers.
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Competitive Landscape
The global empty capsules market is known to be highly competitive in nature attributed to the presence of leading empty pill manufacturers that account for over 70% of the global market share. Prominent market players are constantly focusing on introducing new products designed out of innovative materials. In addition to that, they are adopting growth strategies such as partnerships, mergers, acquisitions, etc. to expand their global footprint.
More Insights into the Empty Capsules Market
The U.S. is expected to dominate the global empty capsules market as it accounts for a massive chunk of the global market. The growth of the market is attributed to the poor lifestyle habits in the U.S. which have resulted in a substantial increase in demand for nutraceuticals to adjust proper nutrient intake, subsequently driving sales of empty supplement capsules and empty vitamin capsules.
Moreover, surging awareness associated with vegetarian empty capsules and the availability of technologically advanced empty capsule filling machines will propel sales of empty HPMC capsules and empty pullulan capsules in the U.S. through 2030.
Japan is the second largest consumption of empty medicine capsules owing to increasing usage by the geriatric population and growing consumer awareness about the benefits of capsules over other forms.
Key Segments of Empty Capsules Industry Survey
Capsule Size:
Size "000" Empty Capsules
Size "00" Empty Capsules
Size "0" Empty Capsules
Size "1" Empty Capsules
Size "2" Empty Capsules
Size "3" Empty Capsules
Size "4" Empty Capsules
Size "5" Empty Capsules
Product Type:
Gelatin (Hard)-based Capsules
Vegetarian-based Capsules
Route of Administration:
Empty Capsules for Oral Administration
Empty Capsules for Inhalation
Raw Material:
Contract Type-A (Pork Skin) Empty Capsules
Type-B Gelatin (Animal Bones & Calf Skin) Empty Capsules
Fish Bone Gelatin Empty Capsules
Empty Hydroxy Propyl Methyl Cellulose (HPMC) Empty Capsules
Starch Material Empty Capsules
Empty Pullulan Capsules
End User:
Empty Capsules for Pharmaceutical Companies
Empty Capsules for Cosmetic & Nutraceutical Companies
Empty Capsules for Clinical Research Organizations (CROS)
Region:
North America Empty Capsules Market
Latin America Empty Capsules Market
Europe Empty Capsules Market
East Asia Empty Capsules Market
South Asia & Pacific Empty Capsules Market
Middle East & Africa (MEA) Empty Capsules Market
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