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Dietary Supplements Market by Type (Vitamins, Minerals, Botanicals, Amino acids, Enzymes, Probiotics), Function (Additional, Medicinal, Sports Nutriti...

by Type (Vitamins, Minerals, Botanicals, Amino acids, Enzymes, Probiotics), Function (Additional, Medicinal, Sports Nutrition), Mode of Application (Capsules, Tablets, Liquid), Target Customer and Region- Global Forecast to 2026

Publisher:        MarketsandMarkets

# of Pages:        217

Rating: 

1 User License $4,950

Publication Date:  February, 2021

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TABLE OF CONTENTS

 

1              INTRODUCTION                28

1.1          OBJECTIVES OF THE STUDY          28

1.2          MARKET DEFINITION      28

1.3          STUDY SCOPE    29

FIGURE 1             MARKET SEGMENTATION            29

1.3.1      INCLUSIONS AND EXCLUSIONS  29

1.4          REGIONS COVERED         30

1.5          PERIODIZATION CONSIDERED    30

1.6          CURRENCY CONSIDERED               31

TABLE 1                USD EXCHANGE RATES CONSIDERED, 2017–2019               31

1.7          STAKEHOLDERS 31

2              RESEARCH METHODOLOGY         32

2.1          RESEARCH DATA               32

FIGURE 2             DIETARY SUPPLEMENT MARKET: RESEARCH DESIGN        32

2.1.1      SECONDARY DATA           33

2.1.1.1   Key data from secondary sources             33

2.1.2      PRIMARY DATA 34

2.1.2.1   Key data from primary sources  34

2.1.2.2   Breakdown of primaries               35

2.1.2.3   Key industry insights      36

2.2          MARKET SIZE ESTIMATION          36

2.2.1      BOTTOM-UP APPROACH              37

2.2.2      TOP-DOWN APPROACH                38

2.3          DATA TRIANGULATION 39

FIGURE 3             DATA TRIANGULATION METHODOLOGY               39

2.4          ASSUMPTIONS FOR THE STUDY 40

2.5          LIMITATIONS OF THE STUDY       41

2.6          MARKET SCENARIOS CONSIDERED FOR THE IMPACT OF COVID-19            41

2.6.1      SCENARIO-BASED MODELLING  42

2.7          COVID-19 HEALTH ASSESSMENT                42

FIGURE 4             COVID-19: GLOBAL PROPAGATION          42

FIGURE 5             COVID-19 PROPAGATION: SELECT COUNTRIES   43

2.8          COVID-19 ECONOMIC ASSESSMENT        44

FIGURE 6             REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020  44

2.8.1      COVID-19 ECONOMIC IMPACT: SCENARIO ASSESSMENT               45

FIGURE 7             CRITERIA IMPACTING GLOBAL ECONOMY            45

FIGURE 8             SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY        46

3              EXECUTIVE SUMMARY  48

TABLE 2                DIETARY SUPPLEMENTS MARKET SNAPSHOT, 2020 VS. 2026         49

FIGURE 9             DIETARY SUPPLEMENTS MARKET SIZE, BY TYPE,

2020 VS. 2026 (USD BILLION)       49

FIGURE 10           DIETARY SUPPLEMENTS MARKET SIZE, BY MODE OF APPLICATION,

2020 VS. 2026 (USD BILLION)       50

FIGURE 11           DIETARY SUPPLEMENTS MARKET SIZE, BY FUNCTION,

2020 VS. 2026 (USD BILLION)       51

FIGURE 12           DIETARY SUPPLEMENTS MARKET SIZE, BY TARGET CONSUMER,

2020 VS. 2026 (USD BILLION)       51

FIGURE 13           DIETARY SUPPLEMENTS MARKET SHARE (VALUE), BY REGION, 2020         52

4              PREMIUM INSIGHTS       53

4.1          BRIEF OVERVIEW OF THE DIETARY SUPPLEMENTS MARKET           53

FIGURE 14           INCREASING DEMAND FOR CONSUMER HEALTH AND WELLNESS TO

DRIVE THE GROWTH OF THE DIETARY SUPPLEMENTS MARKET    53

4.2          DIETARY SUPPLEMENTS MARKET: MAJOR REGIONAL SUBMARKETS         54

FIGURE 15           THE US IS ESTIMATED TO BE THE LARGEST MARKET FOR DIETARY SUPPLEMENTS IN 2020, GLOBALLY         54

4.3          NORTH AMERICA: DIETARY SUPPLEMENTS MARKET, BY TYPE AND COUNTRY       55

FIGURE 16           CANADA IS PROJECTED TO GROW AT THE HIGHEST RATE IN NORTH AMERICA     55

4.4          DIETARY SUPPLEMENTS MARKET, BY TYPE AND REGION                56

FIGURE 17           VITAMINS SEGMENT ESTIMATED TO DOMINATE THE DIETARY SUPPLEMENTS MARKET IN 2020   56

4.5          DIETARY SUPPLEMENTS MARKET, BY MODE OF APPLICATION     57

FIGURE 18           TABLETS SEGMENT PROJECTED TO DOMINATE THE DIETARY SUPPLEMENTS MARKET DURING THE FORECAST PERIOD           57

4.6          DIETARY SUPPLEMENTS MARKET, BY FUNCTION               57

FIGURE 19           ADDITIONAL SUPPLEMENTS SEGMENT IS PROJECTED TO DOMINATE THE DIETARY SUPPLEMENTS MARKET DURING THE FORECAST PERIOD                57

5              MARKET OVERVIEW       58

5.1          INTRODUCTION                58

FIGURE 20           MOST POPULAR DIETARY SUPPLEMENTS AMONG US ADULTS,

2018 (% OF CONSUMERS)            58

5.2          MARKET DYNAMICS       59

FIGURE 21           DIETARY SUPPLEMENTS MARKET: MARKET DYNAMICS   59

5.2.1      DRIVERS               59

5.2.1.1   Shift in consumer preferences due to the rising health awareness            59

5.2.1.2   Rising prevalence of chronic diseases to drive demand for dietary supplements 60

FIGURE 22           PERCENTAGE OF THE US POPULATION WITH MULTIPLE CHRONIC ILLNESSES, 2017            60

FIGURE 23           CHRONIC DISEASES WERE AMONG THE TOP TEN CAUSES OF DEATH WORLDWIDE AMONGST ALL AGES, 2016                61

5.2.1.2.1               Rising healthcare burden due to chronic ailments             61

5.2.1.3   Aging population to drive the market growth      61

FIGURE 24           AGING POPULATION IN JAPAN, 2014 - 2018        62

FIGURE 25           PERCENTAGE OF US ADULTS BY AGE TAKING DIETARY SUPPLEMENTS, 2018         62

5.2.1.4   Growing retail sale of functional food     62

FIGURE 26           RETAIL SALE OF FUNCTIONAL AND FORTIFIED FOOD PRODUCTS IN AUSTRALIA (USD MILLION), 2018-2022                63

5.2.2      RESTRAINTS       63

5.2.2.1   High cost of dietary supplements             63

5.2.2.2   High R&D investments and high cost of clinical trials         63

5.2.3      OPPORTUNITIES               64

5.2.3.1   Shift toward plant-based supplements  64

5.2.3.2   Consumer awareness about micronutrient deficiencies 64

5.2.3.3   Government mandates related to food fortification to create opportunities for the adoption of dietary supplements     64

5.2.4      CHALLENGES      64

5.2.4.1   Consumer skepticism associated with nutraceutical products      64

5.2.4.2   Regulatory influence      65

5.3          IMPACT OF COVID-19 ON MARKET DYNAMICS   65

5.3.1      COVID-19 TO DRIVE THE DEMAND FOR DIETARY SUPPLEMENTS

FOR BOOSTING IMMUNITY IN CONSUMERS        65

5.3.2      COVID-19 IMPACT ON DIETARY SUPPLEMENT SUPPLY CHAIN      66

5.3.3      COVID-19 HAS SHIFTED THE SUPPLEMENTS MARKET       66

6              INDUSTRY TRENDS          67

6.1          INTRODUCTION                67

6.2          VALUE CHAIN ANALYSIS               67

FIGURE 27           DIETARY SUPPLEMENTS: VALUE CHAIN ANALYSIS             67

6.3          TECHNOLOGY ANALYSIS               68

6.3.1      FOOD MICROENCAPSULATION  68

6.3.1.1   Encapsulation of Omega-3 to mask the odor       68

6.3.2      BIOTECHNOLOGY             68

6.3.3      INNOVATIVE AND DISRUPTIVE TECH       69

6.3.3.1   Robotics as a key technological trend leading to innovations in

the market         69

6.3.3.2   3D printing to uplift the future of the dietary supplements market

with high end products 69

6.4          PRICING ANALYSIS: DIETARY SUPPLEMENTS MARKET, BY TYPE   69

TABLE 3                PRICING ANALYSIS, BY TYPE, 2019 (USD/30 NUMBER OF TABLETS)            70

FIGURE 28           PRICING TREND OF THE SOURCES (INGREDIENTS) OF DIETARY SUPPLEMENTS, 2017–2020 (USD/KG)        70

6.5          ECOSYSTEM MAP             70

6.5.1      DIETARY SUPPLEMENTS MARKET: ECOSYSTEM VIEW       71

6.5.2      DIETARY SUPPLEMENTS MARKET: MARKET MAP               71

6.5.2.1   Upstream            72

6.5.2.1.1               Technology provider      72

6.5.2.1.2               Ingredient and raw material providers   72

6.5.2.2   Downstream      72

6.5.2.2.1               Regulatory bodies & certification providers          73

6.6          YC-YCC SHIFT     73

FIGURE 29           REVENUE SHIFT FOR DIETARY SUPPLEMENTS      73

6.7          PATENT ANALYSIS           74

FIGURE 30           PATENT INSIGHTS (2020)              74

TABLE 4                KEY PATENTS PERTAINING TO DIETARY SUPPLEMENTS, 2020       74

6.8          TRADE ANALYSIS              80

TABLE 5                KEY EXPORTING COUNTRIES WITH EXPORT VALUE OF VITAMINS &

VITAMIN SUPPLEMENTS, 2019 (USD MILLION)   80

FIGURE 31           IMPORT TARIFF OF KEY COUNTRIES ON VITAMINS & VITAMIN SUPPLEMENTS, 2019 (%)                83

TABLE 6                DIETARY SUPPLEMENTS MARKET: PORTER’S FIVE FORCES ANALYSIS        84

6.8.1      DEGREE OF COMPETITION           84

6.8.2      BARGAINING POWER OF SUPPLIERS       85

6.8.3      BARGAINING POWER OF BUYERS             85

6.8.4      THREAT OF SUBSTITUTES              85

6.8.5      THREAT OF NEW ENTRANTS        85

6.9          CASE STUDIES    86

6.9.1      SAFETY ASSESSMENT AND CERTIFICATION DEMAND BY INDUSTRY PLAYERS TO ENSURE TRANSPARENCY               86

6.9.1.1   Problem statement        86

6.9.1.2   Solution offered               86

6.9.1.3   Outcome             86

6.9.2      FRUNUTTA STARTED OFFERING EASY-TO-USE AND EFFICIENT -TO-TAKEVITAMIN AND MINERAL PILLS THAT DISSOLVE INSTANTLY     86

6.9.2.1   Problem statement        86

6.9.2.2   Solution offered               86

6.9.2.3   Outcome             86

6.9.3      NOW FOODS AVAILS FLAVOURED DIETARY SUPPLEMENT PRODUCTS      87

6.9.3.1   Problem statement        87

6.9.3.2   Solution offered               87

6.9.3.3   Outcome             87

6.9.4      CHALLENGES ASSOCIATED WITH LACK OF HARMONY AND COMPLIANCE

WITH REGULATIONS       87

7              REGULATORY FRAMEWORKS      88

7.1          INTRODUCTION                88

7.2          NORTH AMERICA             88

7.2.1      CANADA              88

7.2.2      US          88

7.2.3      MEXICO               88

7.3          EUROPEAN UNION         89

7.4          ASIA PACIFIC     89

7.4.1      JAPAN  89

7.4.2      CHINA   89

7.4.3      INDIA    90

7.4.4      AUSTRALIA & NEW ZEALAND      90

7.5          SOUTH AMERICA             90

7.5.1      BRAZIL  90

7.5.2      ARGENTINA       91

7.6          MIDDLE EAST     91

8              DIETARY SUPPLEMENTS MARKET, BY TYPE            92

8.1          INTRODUCTION                93

FIGURE 32           DIETARY SUPPLEMENTS MARKET, BY TYPE, 2020 VS. 2026 (USD MILLION)              93

TABLE 7                DIETARY SUPPLEMENTS MARKET SIZE, BY TYPE, 2018-2016 (USD MILLION)            94

8.2          COVID-19 IMPACT ON DIETARY SUPPLEMENTS MARKET, BY TYPE              94

8.2.1      OPTIMISTIC SCENARIO  94

TABLE 8                COVID-19 IMPACT ON THE DIETARY SUPPLEMENTS MARKET SIZE, BY TYPE, 2018–2021 (USD MILLION) (OPTIMISTIC SCENARIO)               94

8.2.2      REALISTIC SCENARIO      95

TABLE 9                COVID-19 IMPACT ON THE DIETARY SUPPLEMENTS MARKET SIZE, BY TYPE, 2018–2021 (USD MILLION) (REALISTIC SCENARIO)   95

8.2.3      PESSIMISTIC SCENARIO 95

TABLE 10              COVID-19 IMPACT ON THE NUTRACEUTICAL INGREDIENTS MARKET SIZE,

BY TYPE, 2018–2021 (USD MILLION) (PESSIMISTIC SCENARIO)     95

8.3          BOTANICALS      96

8.3.1      RISE IN DEMAND FOR PLANT-BASED FOOD PRODUCTS TRIGGERING THE DEMAND FOR BOTANICAL DIETARY SUPPLEMENTS  96

TABLE 11              BOTANICAL DIETARY SUPPLEMENTS MARKET SIZE, BY REGION,

2018–2026 (USD MILLION)           96

8.4          VITAMINS           97

8.4.1      DEFICIENCY OF VITAMINS IS THE KEY FACTOR DRIVING THEIR USAGE      97

FIGURE 33           VITAMINS: DIETARY SUPPLEMENTS MARKET, BY REGION,

2020 VS. 2026 (USD MILLION)     97

TABLE 12              VITAMINS: DIETARY SUPPLEMENTS MARKET SIZE, BY REGION,

2018–2026 (USD MILLION)           98

8.5          MINERALS           98

8.5.1      RISE IN AWARENESS ABOUT THE IMPORTANCE OF MINERALS     98

TABLE 13              MINERALS: DIETARY SUPPLEMENTS MARKET SIZE, BY REGION,

2018–2026 (USD MILLION)           99

8.6          AMINO ACIDS   99

8.6.1      NEED TO IMPROVE METABOLIC HEALTH TRIGGING THE DEMAND

FOR AMINO ACIDS          99

TABLE 14              AMINO ACIDS: DIETARY SUPPLEMENTS MARKET SIZE, BY REGION,

2018–2026 (USD MILLION)           99

8.7          ENZYMES             100

8.7.1      RISE IN DEMAND FOR ACTIVE INGREDIENTS IN DIETARY SUPPLEMENTS PAVING WAY FOR ENZYMES       100

TABLE 15              ENZYMES: DIETARY SUPPLEMENTS MARKET SIZE, BY REGION,

2018–2026 (USD MILLION)           100

8.8          PROBIOTICS       100

8.8.1      SURGE IN DEMAND FOR FORTIFIED FOOD PRODUCTS DRIVING THE GROWTH OF THE PROBIOTICS SEGMENT       100

TABLE 16              PROBIOTICS: DIETARY SUPPLEMENT MARKET SIZE, BY REGION,

2018–2026 (USD MILLION)           101

8.9          OTHER TYPES     101

8.9.1      KEY FUNCTIONALITIES ASSOCIATED WITH OMEGA-3, CAROTENOIDS,

AND OTHER SUPPLEMENTS TRIGGERING THEIR DEMAND             101

TABLE 17              OTHER TYPES: DIETARY SUPPLEMENTS MARKET SIZE, BY REGION,

2018–2026 (USD MILLION)           101

9              DIETARY SUPPLEMENTS MARKET, BY MODE OF APPLICATION     102

9.1          INTRODUCTION                103

FIGURE 34           DIETARY SUPPLEMENTS MARKET SHARE, BY MODE OF APPLICATION,

2020 VS. 2026 (USD MILLION)     103

TABLE 18              DIETARY SUPPLEMENTS MARKET SIZE, BY MODE OF APPLICATION,

2018-2026 (USD MILLION)            103

9.2          TABLETS               104

9.2.1      LONG LIFE IS THE KEY FOR GROWTH OF THE TABLET FORM OF DIETARY SUPPLEMENTS    104

FIGURE 35           TABLETS: DIETARY SUPPLEMENTS MARKET SHARE, BY REGION,

2020 VS. 2026 (USD MILLION)     104

TABLE 19              TABLETS: DIETARY SUPPLEMENTS MARKET SIZE, BY REGION,

2018–2026 (USD MILLION)           104

9.3          CAPSULES           105

9.3.1      FASTER ABSORPTION OF NUTRIENTS THROUGH CAPSULES          105

TABLE 20              CAPSULES: DIETARY SUPPLEMENTS MARKET SIZE, BY REGION,

2018–2026 (USD MILLION)           105

9.4          LIQUID  105

9.4.1      HIGH ABSORPTION OF LIQUIDS UPON CONSUMPTION EXPECTED TO

PROPEL THE MARKET GROWTH OF LIQUID SUPPLEMENTS            105

TABLE 21              LIQUID: DIETARY SUPPLEMENTS MARKET SIZE, BY REGION,

2018–2026 (USD MILLION)           106

9.5          POWDER              106

9.5.1      EASY RELEASE OF ACTIVE INGREDIENTS DRIVING THE USAGE

OF THE POWDER FORM 106

TABLE 22              POWDER: DIETARY SUPPLEMENTS MARKET SIZE, BY REGION,

2018–2026 (USD MILLION)           106

9.6          SOFT GEL             107

9.6.1      RELATIVELY LOW COST OF SOFT GELS DRIVING THEIR DEMAND  107

TABLE 23              SOFT GEL: DIETARY SUPPLEMENTS MARKET SIZE, BY REGION,

2018–2026 (USD MILLION)           107

9.7          GEL CAPS             107

9.7.1      SAFETY DELIVERY OF GEL CAPS DRIVING THEIR DEMAND               107

TABLE 24              GEL CAPS: DIETARY SUPPLEMENTS MARKET SIZE, BY REGION,

2018–2026 (USD MILLION)           107

10           DIETARY SUPPLEMENTS MARKET, BY FUNCTION               108

10.1        INTRODUCTION                109

FIGURE 36           DIETARY SUPPLEMENTS MARKET SHARE, BY FUNCTION,

2020 VS. 2026 (USD MILLION)     109

TABLE 25              DIETARY SUPPLEMENTS MARKET SIZE, BY FUNCTION,

2018-2026 (USD MILLION)            109

10.2        POST-COVID-19 IMPACT ON DIETARY SUPPLEMENTS MARKET, BY FUNCTION     110

10.2.1    OPTIMISTIC SCENARIO  110

TABLE 26              COVID-19 IMPACT ON THE DIETARY SUPPLEMENTS MARKET SIZE,

BY FUNCTION, 2020–2026 (USD MILLION) (OPTIMISTIC SCENARIO)          110

10.2.2    REALISTIC SCENARIO      110

TABLE 27              COVID-19 IMPACT ON THE DIETARY SUPPLEMENTS MARKET SIZE,

BY FUNCTION, 2020–2021 (USD MILLION) (REALISTIC SCENARIO)              110

10.2.3    PESSIMISTIC SCENARIO 111

TABLE 28              COVID-19 IMPACT ON THE DIETARY SUPPLEMENTS MARKET SIZE,

BY FUNCTION, 2020–2021 (USD MILLION) (PESSIMISTIC SCENARIO)         111

10.3        ADDITIONAL SUPPLEMENTS       111

10.3.1    RISE IN THE NUMBER OF HEALTH-CONSCIOUS CONSUMERS DRIVING

THE DEMAND FOR DIETARY SUPPLEMENTS          111

TABLE 29              ADDITIONAL SUPPLEMENTS: DIETARY SUPPLEMENTS MARKET SIZE,

BY REGION, 2018–2026 (USD MILLION)  111

10.4        MEDICINAL SUPPLEMENTS          112

10.4.1    SOLUTIONS TO THE TREATMENT OF VARIOUS DISEASES DRIVING THE DEMAND FOR MEDICINAL SUPPLEMENTS                112

TABLE 30              MEDICINAL SUPPLEMENTS: DIETARY SUPPLEMENTS MARKET SIZE,

BY REGION, 2018–2026 (USD MILLION)  112

10.5        SPORTS NUTRITION        113

10.5.1    FEATURES THAT ENHANCE EXERCISE AND ATHLETIC PERFORMANCE TRIGGER DEMAND FOR DIETARY SUPPLEMENT IN THE SPORTS INDUSTRY            113

TABLE 31              SPORTS NUTRITION: DIETARY SUPPLEMENTS MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)          113

11           DIETARY SUPPLEMENTS MARKET, BY TARGET CONSUMER            114

11.1        INTRODUCTION                115

FIGURE 37           DIETARY SUPPLEMENTS MARKET, BY TARGET CONSUMER,

2020 VS. 2026 (USD MILLION)     115

TABLE 32              DIETARY SUPPLEMENTS MARKET SIZE, BY TARGET CONSUMER,

2018-2026 (USD MILLION)            115

11.2        INFANTS              116

11.2.1    ESSENTIAL NUTRIENTS REQUIRED FOR INFANT NUTRITION TRIGGERING

THE DEMAND FOR DIETARY SUPPLEMENTS          116

TABLE 33              INFANTS: DIETARY SUPPLEMENTS MARKET SIZE, BY REGION,

2018–2026 (USD MILLION)           116

11.3        CHILDREN            116

11.3.1    RISE IN CONSUMPTION OF NUTRIENTS AMONG CHILDREN PROPELLING

THE DEMAND FOR DIETARY SUPPLEMENTS          116

TABLE 34              CHILDREN: DIETARY SUPPLEMENTS MARKET SIZE, BY REGION,

2018–2026 (USD MILLION)           117

11.4        ADULTS                117

11.4.1    DEFICIENCY OF SEVERAL MINERALS AND VITAMINS IN ADULTS  117

FIGURE 38           ADULTS: DIETARY SUPPLEMENTS MARKET, BY REGION,

2020 VS. 2026 (USD MILLION)     117

TABLE 35              ADULTS: DIETARY SUPPLEMENTS MARKET SIZE, BY REGION,

2018–2026 (USD MILLION)           118

11.5        PREGNANT WOMEN      118

11.5.1    REQUIREMENT OF OPTIMAL NUTRITION DURING PREGNANCY DRIVING

THE DEMAND FOR DIETARY SUPPLEMENTS          118

TABLE 36              PREGNANT WOMEN DIETARY SUPPLEMENTS MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)          118

11.6        ELDERLY               119

11.6.1    NEED FOR CONSUMPTION OF DIETARY SUPPLEMENTS BY THE

AGING POPULATION     119

TABLE 37              ELDERLY: DIETARY SUPPLEMENTS MARKET SIZE, BY REGION,

2018–2026 (USD MILLION)           119

12           DIETARY SUPPLEMENTS MARKET, BY REGION     120

12.1        INTRODUCTION                121

FIGURE 39           DIETARY SUPPLEMENTS MARKET, BY REGION,

2020 VS. 2026 (USD MILLION)     121

FIGURE 40           INDIA EXPECTED TO REGISTER THE HIGHEST CAGR IN THE GLOBAL

DIETARY SUPPLEMENTS MARKET FROM 2020 TO 2026     122

TABLE 38              GLOBAL DIETARY SUPPLEMENTS MARKET SIZE, BY REGION,

2018-2026 (USD MILLION)            122

12.2        COVID-19 IMPACT ON DIETARY SUPPLEMENTS MARKET, BY REGION       123

12.2.1    OPTIMISTIC SCENARIO  123

TABLE 39              COVID-19 IMPACT ON THE DIETARY SUPPLEMENTS MARKET SIZE,

BY REGION, 2018–2021 (USD MILLION) (OPTIMISTIC SCENARIO)                123

12.2.2    REALISTIC SCENARIO      124

TABLE 40              COVID-19 IMPACT ON THE DIETARY SUPPLEMENTS MARKET SIZE,

BY REGION, 2018–2021 (USD MILLION) (REALISTIC SCENARIO)    124

12.2.3    PESSIMISTIC SCENARIO 124

TABLE 41              COVID-19 IMPACT ON THE DIETARY SUPPLEMENTS MARKET SIZE,

BY REGION, 2018–2021 (USD MILLION) (PESSIMISTIC SCENARIO)               124

12.3        NORTH AMERICA             125

FIGURE 41           NORTH AMERICA: DIETARY SUPPLEMENTS MARKET SNAPSHOT 125

TABLE 42              NORTH AMERICA: DIETARY SUPPLEMENTS MARKET SIZE, BY COUNTRY, 2018-2026 (USD MILLION)            126

TABLE 43              NORTH AMERICA: DIETARY SUPPLEMENTS MARKET SIZE, BY TYPE,

2018-2026 (USD MILLION)            126

TABLE 44              NORTH AMERICA: DIETARY SUPPLEMENTS MARKET SIZE, BY FUNCTION, 2018–2026 (USD MILLION)         126

TABLE 45              NORTH AMERICA: DIETARY SUPPLEMENTS MARKET SIZE,

BY MODE OF APPLICATION, 2018–2026 (USD MILLION)  127

TABLE 46              NORTH AMERICA: DIETARY SUPPLEMENTS MARKET SIZE,

BY TARGET CONSUMER, 2018–2026 (USD MILLION)         127

12.3.1    US          127

12.3.1.1                Multivitamins used as a solution to prevent chronic diseases       127

TABLE 47              US: DIETARY SUPPLEMENTS MARKET SIZE, BY TYPE,

2018–2026 (USD MILLION)           128

TABLE 48              US: DIETARY SUPPLEMENTS MARKET SIZE, BY FUNCTION,

2018–2026 (USD MILLION)           128

12.3.2    CANADA              129

12.3.2.1                Markets for Omega-3 fatty acids, vitamin d, and calcium as dietary supplements gaining opportunity       129

TABLE 49              CANADA: DIETARY SUPPLEMENTS MARKET SIZE, BY TYPE,

2018–2026 (USD MILLION)           129

TABLE 50              CANADA: DIETARY SUPPLEMENTS MARKET SIZE, BY FUNCTION,

2018–2026 (USD MILLION)           129

12.3.3    MEXICO               130

12.3.3.1                Malnutrition and obesity triggering the demand for dietary supplements              130

TABLE 51              MEXICO: DIETARY SUPPLEMENTS MARKET SIZE, BY TYPE,

2018–2026 (USD MILLION)           130

TABLE 52              MEXICO: DIETARY SUPPLEMENTS MARKET SIZE, BY FUNCTION,

2018–2026 (USD MILLION)           130

12.4        EUROPE               131

FIGURE 42           EUROPE: DIETARY SUPPLEMENTS MARKET SNAPSHOT   131

TABLE 53              EUROPE: DIETARY SUPPLEMENTS MARKET SIZE, BY COUNTRY,

2018-2026 (USD MILLION)            132

TABLE 54              EUROPE: DIETARY SUPPLEMENTS MARKET SIZE, BY TYPE,

2018-2026 (USD MILLION)            132

TABLE 55              EUROPE: DIETARY SUPPLEMENTS MARKET SIZE, BY FUNCTION,

2018–2026 (USD MILLION)           133

TABLE 56              EUROPE: DIETARY SUPPLEMENTS MARKET SIZE, BY MODE OF APPLICATION, 2018–2026 (USD MILLION) 133

TABLE 57              EUROPE: DIETARY SUPPLEMENTS MARKET SIZE, BY TARGET CONSUMER, 2018–2026 (USD MILLION)        133

12.4.1    GERMANY           134

12.4.1.1                Surge in demand for plant-based food products providing an avenue for herbal supplements     134

TABLE 58              GERMANY: DIETARY SUPPLEMENTS MARKET SIZE, BY TYPE,

2018–2026 (USD MILLION)           134

TABLE 59              GERMANY: DIETARY SUPPLEMENTS MARKET SIZE, BY FUNCTION,

2018–2026 (USD MILLION)           134

 

12.4.2    UK          135

12.4.2.1                Sports nutrition, herbal supplements, and probiotic supplements gaining popularity        135

TABLE 60              UK: DIETARY SUPPLEMENTS MARKET SIZE, BY TYPE,

2018–2026 (USD MILLION)           135

TABLE 61              UK: DIETARY SUPPLEMENTS MARKET SIZE, BY FUNCTION,

2018–2026 (USD MILLION)           135

12.4.3    FRANCE                136

12.4.3.1                Government support for promoting the consumption of dietary supplements   136

TABLE 62              FRANCE: DIETARY SUPPLEMENTS MARKET SIZE, BY TYPE,

2018–2026 (USD MILLION)           136

TABLE 63              FRANCE: DIETARY SUPPLEMENTS MARKET SIZE, BY FUNCTION,

2018–2026 (USD MILLION)           137

12.4.4    ITALY     137

12.4.4.1                Higher prevalence of vitamin d deficiency driving the demand for dietary supplements  137

TABLE 64              ITALY: DIETARY SUPPLEMENTS MARKET SIZE, BY TYPE,

2018–2026 (USD MILLION)           137

TABLE 65              ITALY: DIETARY SUPPLEMENTS MARKET SIZE, BY FUNCTION,

2018–2026 (USD MILLION)           138

12.4.5    SPAIN   138

12.4.5.1                Consumer preference for clean-label ingredients paving the way

for dietary supplement products              138

TABLE 66              SPAIN: DIETARY SUPPLEMENTS MARKET SIZE, BY TYPE,

2018–2026 (USD MILLION)           138

TABLE 67              SPAIN: DIETARY SUPPLEMENTS MARKET SIZE, BY FUNCTION,

2018–2026 (USD MILLION)           139

12.4.6    REST OF EUROPE              139

12.4.6.1                Rising aging population and growing awareness about the importance of consuming healthy foods          139

TABLE 68              REST OF EUROPE: DIETARY SUPPLEMENTS MARKET SIZE, BY TYPE,

2018–2026 (USD MILLION)           139

TABLE 69              REST OF EUROPE: DIETARY SUPPLEMENTS MARKET SIZE, BY FUNCTION, 2018–2026 (USD MILLION)          140

12.5        ASIA PACIFIC     140

FIGURE 43           ASIA PACIFIC: DIETARY SUPPLEMENTS MARKET SNAPSHOT         141

TABLE 70              ASIA PACIFIC: DIETARY SUPPLEMENTS MARKET SIZE, BY COUNTRY,

2018-2026 (USD MILLION)            142

TABLE 71              ASIA PACIFIC: DIETARY SUPPLEMENTS MARKET SIZE, BY TYPE,

2018-2026 (USD MILLION)            142

TABLE 72              ASIA PACIFIC: DIETARY SUPPLEMENTS MARKET SIZE, BY FUNCTION,

2018–2026 (USD MILLION)           143

TABLE 73              ASIA PACIFIC: DIETARY SUPPLEMENTS MARKET SIZE,

BY MODE OF APPLICATION, 2018–2026 (USD MILLION)  143

TABLE 74              ASIA PACIFIC: DIETARY SUPPLEMENTS MARKET SIZE,

BY TARGET CONSUMER, 2018–2026 (USD MILLION)         143

 

12.5.1    CHINA   144

12.5.1.1                Elderly and the millennial population are the forefront users of dietary supplements      144

TABLE 75              CHINA: DIETARY SUPPLEMENTS MARKET SIZE, BY TYPE,

2018–2026 (USD MILLION)           144

TABLE 76              CHINA: DIETARY SUPPLEMENTS MARKET SIZE, BY FUNCTION,

2018–2026 (USD MILLION)           144

12.5.2    INDIA    145

12.5.2.1                The millennial population play an important role in driving the demand for dietary supplements                145

TABLE 77              INDIA: DIETARY SUPPLEMENTS MARKET SIZE, BY TYPE,

2018–2026 (USD MILLION)           145

TABLE 78              INDIA: DIETARY SUPPLEMENTS MARKET SIZE, BY FUNCTION,

2018–2026 (USD MILLION)           145

12.5.3    JAPAN  146

12.5.3.1                Rise in the aging population driving the growth of the market     146

TABLE 79              JAPAN: DIETARY SUPPLEMENTS MARKET SIZE, BY TYPE,

2018–2026 (USD MILLION)           146

TABLE 80              JAPAN: DIETARY SUPPLEMENTS MARKET SIZE, BY FUNCTION,

2018–2026 (USD MILLION)           146

12.5.4    AUSTRALIA AND NEW ZEALAND                147

12.5.4.1                Prevalence of chronic diseases and obesity among consumers   147

TABLE 81              AUSTRALIA & NEW ZEALAND: DIETARY SUPPLEMENTS MARKET SIZE,

BY TYPE, 2018–2026 (USD MILLION)         147

TABLE 82              AUSTRALIA & NEW ZEALAND: DIETARY SUPPLEMENTS MARKET SIZE,

BY FUNCTION, 2018–2026 (USD MILLION)             147

12.5.5    REST OF ASIA PACIFIC    148

12.5.5.1                Surge in the consumption rate of different types of healthy food products helping the growth of dietary supplements     148

TABLE 83              REST OF ASIA PACIFIC: DIETARY SUPPLEMENTS MARKET SIZE, BY TYPE, 2018–2026 (USD MILLION)             148

TABLE 84              REST OF ASIA PACIFIC: DIETARY SUPPLEMENTS MARKET SIZE, BY FUNCTION, 2018–2026 (USD MILLION)                148

12.6        SOUTH AMERICA             149

TABLE 85              SOUTH AMERICA: DIETARY SUPPLEMENTS MARKET SIZE, BY COUNTRY, 2018-2026 (USD MILLION)             149

TABLE 86              SOUTH AMERICA: DIETARY SUPPLEMENTS MARKET SIZE, BY TYPE,

2018-2026 (USD MILLION)            149

TABLE 87              SOUTH AMERICA: DIETARY SUPPLEMENTS MARKET SIZE, BY FUNCTION, 2018–2026 (USD MILLION)          150

TABLE 88              SOUTH AMERICA: DIETARY SUPPLEMENTS MARKET SIZE,

BY MODE OF APPLICATION, 2018–2026 (USD MILLION)  150

TABLE 89              SOUTH AMERICA: DIETARY SUPPLEMENTS MARKET SIZE, BY TARGET CONSUMER, 2018–2026 (USD MILLION)             150

12.6.1    BRAZIL  151

12.6.1.1                Increasing preference of consumers toward functional food products    151

TABLE 90              BRAZIL: DIETARY SUPPLEMENTS MARKET SIZE, BY TYPE,

2018–2026 (USD MILLION)           151

TABLE 91              BRAZIL: DIETARY SUPPLEMENTS MARKET SIZE, BY FUNCTION,

2018–2026 (USD MILLION)           151

12.6.2    ARGENTINA       152

12.6.2.1                Increase in the adoption of vegan diets providing an avenue for herbal supplements      152

TABLE 92              ARGENTINA: DIETARY SUPPLEMENTS MARKET SIZE, BY TYPE,

2018–2026 (USD MILLION)           152

TABLE 93              ARGENTINA: DIETARY SUPPLEMENTS MARKET SIZE, BY FUNCTION,

2018–2026 (USD MILLION)           152

12.6.3    COLUMBIA         153

12.6.3.1                Rise in concerns over poor dietary patterns of consumers driving the demand for dietary supplement products              153

TABLE 94              COLUMBIA: DIETARY SUPPLEMENTS MARKET SIZE, BY TYPE,

2018–2026 (USD MILLION)           153

TABLE 95              COLUMBIA: DIETARY SUPPLEMENTS MARKET SIZE, BY FUNCTION,

2018–2026 (USD MILLION)           153

12.6.4    REST OF SOUTH AMERICA            154

12.6.4.1                Influence of health and wellness trends contributing to the market growth         154

TABLE 96              REST OF SOUTH AMERICA: DIETARY SUPPLEMENTS MARKET SIZE,

BY TYPE, 2018–2026 (USD MILLION)         154

TABLE 97              REST OF SOUTH AMERICA: DIETARY SUPPLEMENTS MARKET SIZE,

BY FUNCTION, 2018–2026 (USD MILLION)             154

12.7        REST OF WORLD               155

TABLE 98              REST OF WORLD: DIETARY SUPPLEMENTS MARKET SIZE, BY COUNTRY,

2018-2026 (USD MILLION)            155

TABLE 99              REST OF WORLD: DIETARY SUPPLEMENTS MARKET SIZE, BY TYPE,

2018-2026 (USD MILLION)            156

TABLE 100            REST OF WORLD: DIETARY SUPPLEMENTS MARKET SIZE, BY FUNCTION, 2018–2026 (USD MILLION)            156

TABLE 101            REST OF WORLD: DIETARY SUPPLEMENTS MARKET SIZE,

BY MODE OF APPLICATION, 2018–2026 (USD MILLION)  157

TABLE 102            REST OF WORLD: DIETARY SUPPLEMENTS MARKET SIZE, BY TARGET CONSUMER, 2018–2026 (USD MILLION)                157

12.7.1    AFRICA 158

12.7.1.1                Prevalence of vitamin deficiency among women and children resulting in concerned authorities providing food products including dietary supplements     158

TABLE 103            AFRICA: DIETARY SUPPLEMENTS MARKET SIZE, BY TYPE,

2018–2026 (USD MILLION)           158

TABLE 104            AFRICA: DIETARY SUPPLEMENTS MARKET SIZE, BY FUNCTION,

2018–2026 (USD MILLION)           158

12.7.2    MIDDLE EAST     159

12.7.2.1                Use of dietary supplements for the pharmaceuticals and sports nutrition segments         159

TABLE 105            MIDDLE EAST: DIETARY SUPPLEMENTS MARKET SIZE, BY TYPE,

2018–2026 (USD MILLION)           159

TABLE 106            MIDDLE EAST: DIETARY SUPPLEMENTS MARKET SIZE, BY FUNCTION,

2018–2026 (USD MILLION)           160

13           COMPETITIVE LANDSCAPE           161

13.1        OVERVIEW          161

13.2        MARKET SHARE ANALYSIS, 2019                161

TABLE 107            DIETARY SUPPLEMENTS MARKET: DEGREE OF COMPETITION      162

FIGURE 44           REVENUE ANALYSIS OF KEY PLAYERS IN THE MARKET,

2017–2019 (USD MILLION)           162

13.3        COVID-19-SPECIFIC COMPANY RESPONSE            162

13.4        COMPANY EVALUATION QUADRANT: DEFINITIONS & METHODOLOGY   163

13.4.1    STARS   163

13.4.2    EMERGING LEADERS      163

13.4.3    PERVASIVE PLAYERS       164

13.4.4    PARTICIPANTS  164

FIGURE 45           DIETARY SUPPLEMENTS MARKET COMPANY EVALUATION MATRIX,

2019 (OVERALL MARKET)              164

13.4.5    PRODUCT FOOTPRINT   165

TABLE 108            DIETARY SUPPLEMENTS MARKET: COMPANY TYPE FOOTPRINT  165

TABLE 109            DIETARY SUPPLEMENTS MARKET: COMPANY REGION FOOTPRINT            166

TABLE 110            DIETARY SUPPLEMENTS MARKET: PRODUCT FOOTPRINT (OVERALL)        167

13.5        COMPETITIVE SCENARIO & TRENDS         168

13.5.1    NEW PRODUCT LAUNCHES          168

TABLE 111            NEW PRODUCT LAUNCHES, 2018–2020  168

13.5.2    DEALS   169

TABLE 112            MERGERS & ACQUISITIONS, 2018–2019 169

13.5.3    OTHERS                170

TABLE 113            OTHERS, 2017–2019        170

14           COMPANY PROFILES      171

(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*

14.1        KEY PLAYERS      171

14.1.1    AMWAY               171

FIGURE 46           AMWAY: COMPANY SNAPSHOT                171

14.1.2    HERBALIFE NUTRITION  173

FIGURE 47           HERBALIFE NUTRITION: COMPANY SNAPSHOT   173

14.1.3    ADM      176

FIGURE 48           ADM: COMPANY SNAPSHOT      176

14.1.4    PFIZER  179

FIGURE 49           PFIZER: COMPANY SNAPSHOT   179

14.1.5    ABBOTT LABORATORIES                181

FIGURE 50           ABBOTT LABORATORIES: COMPANY SNAPSHOT                181

14.1.6    ARKOPHARMA LABORATORIES  183

14.1.7    BAYER   184

FIGURE 51           BAYER: COMPANY SNAPSHOT    184

14.1.8    GLANBIA             186

FIGURE 52           GLANBIA: COMPANY SNAPSHOT              186

14.1.9    NATURE’S SUNSHINE PRODUCTS              188

FIGURE 53           NATURE’S SUNSHINE PRODUCTS: COMPANY SNAPSHOT              188

14.1.10  FANCL   190

FIGURE 54           FANCL: COMPANY SNAPSHOT   190

14.1.11  DANISCO             192

14.2        OTHER PLAYERS                193

14.2.1    BIONOVA LIFESCIENCES                193

14.2.2    XANGO                194

14.2.3    EKOMIR               195

14.2.4    AMERICAN HEALTH         196

14.2.5    PURE ENCAPSULATIONS               197

14.2.6    UST MANUFACTURING 198

14.2.7    CAPSTONE NUTRITION  199

14.2.8    ANONA GMBH  200

14.2.9    PLANTAFOOD MEDICAL GMBH  201

14.2.10  GLAXOSMITHKLINE         202

FIGURE 55           GLAXOSMITHKLINE: COMPANY SNAPSHOT         202

14.2.11  BIOMEDICAL RESEARCH LABORATORIES                204

14.2.12  PURENSM           205

14.2.13  NATURE’S SUPPLEMENTS            206

14.2.14  NUTRASCIENCE LABS     207

14.2.15  BHI BIOHEALTH INTERNATIONAL GMBH                208

14.2.16  STEPAN COMPANY         209

FIGURE 56           STEPAN COMPANY: COMPANY SNAPSHOT          209

14.2.17  THE BOUNTIFUL COMPANY (CARLYLE GROUP)   210

14.2.18  DOUGLAS LABORATORIES            212

14.2.19  NUTRACEUTICS CORP.   213

*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.

15           APPENDIX           214

15.1        DISCUSSION GUIDE        214

15.2        KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL: 219

15.3        AVAILABLE CUSTOMIZATION     221

15.4        RELATED REPORTS           221

15.5        AUTHOR DETAILS             222

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Modified Starch Market by Raw Material (Corn, Cassava, Potato, Wheat), End-User (Food & Beverages, Feed, and Industrial), Form (Dry and Liquid), and R...

Publisher:        MarketsandMarkets

# of Pages:        219

Rating: 

1 User License $4,950

Publication Date:  April, 2022

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1 INTRODUCTION 20
1.1 OBJECTIVES OF THE STUDY 20
1.2 MARKET DEFINITION 20
1.3 STUDY SCOPE 21
FIGURE 1 MARKET SEGMENTATION 21
1.4 REGIONS COVERED 22
1.5 PERIODIZATION CONSIDERED 22
1.6 CURRENCY CONSIDERED 23
TABLE 1 USD EXCHANGE RATES CONSIDERED, 2019–2021 23
1.7 VOLUME UNIT CONSIDERED 23
1.8 STAKEHOLDERS 24
1.9 SUMMARY OF CHANGES 24
2 RESEARCH METHODOLOGY 26
2.1 RESEARCH DATA 26
FIGURE 2 MODIFIED STARCH MARKET: RESEARCH DESIGN 26
2.1.1 SECONDARY DATA 27
2.1.1.1 Key data from secondary sources 27
2.1.2 PRIMARY DATA 27
2.1.2.1 Key data from primary sources 28
2.1.2.2 Key industry insights 29
2.1.2.3 Breakdown of primary interviews 30
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY VALUE CHAIN, DESIGNATION, AND REGION 30
2.2 FACTOR ANALYSIS 31
2.2.1 INTRODUCTION 31
2.2.2 DEMAND-SIDE ANALYSIS 31
FIGURE 4 KEY ECONOMIES BASED ON GDP, 2013–2018 (USD TRILLION) 31
2.2.3 SUPPLY-SIDE ANALYSIS 32
2.2.4 MARKET SIZE ESTIMATION 32
2.2.5 APPROACH ONE (BASED ON RAW MATERIAL, BY REGION) 33
2.2.6 APPROACH TWO (BASED ON THE GLOBAL MARKET) 34
2.3 DATA TRIANGULATION 35
FIGURE 5 DATA TRIANGULATION METHODOLOGY 35
2.4 ASSUMPTIONS FOR THE STUDY 36
2.5 LIMITATIONS OF THE STUDY 37
 
3 EXECUTIVE SUMMARY 38
FIGURE 6 IMPACT OF COVID-19 ON THE MODIFIED STARCH MARKET SIZE,
BY SCENARIO, 2022 VS. 2021 (USD MILLION) 39
FIGURE 7 MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2022 VS. 2027 (USD MILLION) 40
FIGURE 8 MODIFIED STARCH MARKET SIZE, BY APPLICATION,
2022 VS. 2027 (USD MILLION) 41
FIGURE 9 MODIFIED STARCH MARKET SIZE, BY FORM, 2022 VS. 2027 (USD MILLION) 41
FIGURE 10 MODIFIED STARCH MARKET SHARE (VALUE), BY REGION, 2022 42
4 PREMIUM INSIGHTS 43
4.1 ATTRACTIVE OPPORTUNITIES IN THE MODIFIED STARCH MARKET 43
FIGURE 11 RISE IN DEMAND FOR MODIFIED STARCH DUE TO CONSUMER DEMAND FOR CONVENIENT FOOD PACKAGING GLOBALLY 43
4.2 ASIA PACIFIC: MODIFIED STARCH MARKET, BY RAW MATERIAL & COUNTRY 44
FIGURE 12 MODIFIED CORN STARCH AND CHINA TO ACCOUNT FOR THE LARGEST RESPECTIVE MARKET SHARES IN THE ASIA PACIFIC MARKET IN 2022 44
4.3 MODIFIED STARCH MARKET, BY RAW MATERIAL 44
FIGURE 13 CORN-BASED MODIFIED STARCH TO DOMINATE THE MARKET
DURING THE FORECAST PERIOD 44
4.4 MODIFIED STARCH MARKET, BY RAW MATERIAL & REGION 45
FIGURE 14 ASIA PACIFIC TO DOMINATE ACROSS RAW MATERIAL MARKETS
DURING THE FORECAST PERIOD 45
4.5 MODIFIED STARCH MARKET, BY APPLICATION 46
FIGURE 15 FOOD & BEVERAGE APPLICATIONS TO DOMINATE THE MARKET
DURING THE FORECAST PERIOD 46
4.6 MODIFIED STARCH MARKET, BY FORM 46
FIGURE 16 DRY MODIFIED STARCH TO DOMINATE THE MARKET
DURING THE FORECAST PERIOD 46
FIGURE 17 COVID-19 IMPACT ON THE MODIFIED STARCH MARKET: COMPARISON OF PRE- AND POST-COVID-19 SCENARIOS 47
5 MARKET OVERVIEW 48
5.1 INTRODUCTION 48
5.2 MARKET DYNAMICS 49
FIGURE 18 MODIFIED STARCH MARKET DYNAMICS 49
5.2.1 DRIVERS 49
5.2.1.1 Rise in demand for convenience and processed food 49
FIGURE 19 CONSUMER PREFERENCE FOR FOOD PROCESSING 50
5.2.1.2 Functional properties of modified starch and their ease of incorporation in a wide range of food applications 51
TABLE 2 RESEARCH CONDUCTED ON THE PHYSICAL MODIFICATION OF STARCH 52
5.2.1.3 Growth in demand for adhesives in a range of industrial applications 53
5.2.2 RESTRAINTS 53
5.2.2.1 Limited sources and high cost of natural additives 53
FIGURE 20 US: CASSAVA PRICE TRENDS, 2013–2018 (USD/TONNE) 53
5.2.2.2 Higher demand for gum arabic 54
5.2.3 OPPORTUNITIES 54
5.2.3.1 Potential alternative sources of modified starch 54
5.2.3.2 Untapped applications of modified starch 55
5.2.4 CHALLENGES 55
5.2.4.1 Approval from the different regulatory bodies 55
5.2.4.2 Rise in cost of raw materials 55
5.3 COVID-19 IMPACT ON THE MODIFIED STARCH MARKET 56
6 INDUSTRY TRENDS 57
6.1 INTRODUCTION 57
6.2 IMPACT OF REVENUE SHIFT 57
FIGURE 21 YC-YCC: IMPACT OF REVENUE SHIFT ON THE MODIFIED STARCH MARKET 57
6.3 VALUE CHAIN 57
6.3.1 RESEARCH & DEVELOPMENT 58
6.3.2 SOURCING OF RAW MATERIALS 58
6.3.3 PRODUCTION AND PROCESSING 58
6.3.4 DISTRIBUTION, MARKETING, AND SALES 58
FIGURE 22 MODIFIED STARCH MARKET: VALUE CHAIN 58
6.4 TECHNOLOGY ANALYSIS 59
FIGURE 23 MODIFIED STARCH MARKET: TECHNOLOGY ANALYSIS 59
6.4.1 PHYSICAL METHODS 59
6.4.2 CHEMICAL METHODS 59
6.4.3 ENZYMATIC METHODS 59
6.5 PATENT ANALYSIS 60
TABLE 3 PATENTS PERTAINING TO MODIFIED STARCH, 2021 60
6.6 ECOSYSTEM MAP AND SUPPLY CHAIN 61
6.6.1 MODIFIED STARCH: MARKET MAP OF ECOSYSTEM 61
FIGURE 24 MODIFIED STARCH MARKET: SUPPLY CHAIN 62
FIGURE 25 ECOSYSTEM VIEW 63
6.7 PORTER’S FIVE FORCES ANALYSIS 63
TABLE 4 MODIFIED STARCH MARKET: PORTER’S FIVE FORCES ANALYSIS 64
6.7.1 BARGAINING POWER OF SUPPLIERS 64
6.7.2 BARGAINING POWER OF BUYERS 64
6.7.3 THREAT OF SUBSTITUTES 64
6.7.4 THREAT OF NEW ENTRANTS 65
6.7.5 INTENSITY OF COMPETITION RIVALRY 65
6.8 TRADE ANALYSIS 65
6.8.1 CORN STARCH 66
TABLE 5 TOP 10 EXPORTERS AND IMPORTERS OF CORN STARCH, 2019 (KT) 66
6.8.2 CASSAVA STARCH 66
TABLE 6 TOP 10 EXPORTERS AND IMPORTERS OF CASSAVA STARCH, 2019 (KT) 66
6.8.3 POTATO STARCH 67
TABLE 7 TOP 10 EXPORTERS AND IMPORTERS OF POTATO STARCH, 2019 (KT) 67
6.8.4 WHEAT STARCH 67
TABLE 8 TOP 10 EXPORTERS AND IMPORTERS OF WHEAT STARCH, 2019 (KT) 67
6.9 CASE STUDIES 68
6.9.1 ROQUETTE: BAKERY PRODUCTS WITH MODIFIED STARCH 68
6.9.2 INGREDION INCORPORATED: COMPANY USES MODIFIED POTATO STARCH TO MAINTAIN THE PULPY GOODNESS 68
6.10 KEY CONFERENCES & EVENTS 69
TABLE 9 MODIFIED STARCH MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2022–2023 69
6.11 KEY STAKEHOLDERS & BUYING CRITERIA 70
6.11.1 KEY STAKEHOLDERS IN BUYING PROCESS 70
FIGURE 26 INFLUENCE OF STAKEHOLDERS IN BUYING MODIFIED STARCH APPLICATIONS 70
TABLE 10 INFLUENCE OF STAKEHOLDERS IN BUYING FOR TOP 3 APPLICATIONS 70
6.11.2 BUYING CRITERIA 70
FIGURE 27 KEY BUYING CRITERIA FOR TOP APPLICATIONS 70
TABLE 11 KEY BUYING CRITERIA FOR MODIFIED STARCH APPLICATIONS 71
6.12 AVERAGE SELLING PRICES 71
6.12.1 AVERAGE SELLING PRICE TREND ANALYSIS 71
FIGURE 28 US: CORN PRICES, 2013–2019 (USD/BUSHELS) 71
TABLE 12 GLOBAL AVERAGE PRICES OF MODIFIED STARCH, BY RAW MATERIAL,
2018 VS. 2019 (USD/TON) 71
FIGURE 29 PRICING TRENDS OF THE POTATO STARCH, 2017–2019 (USD/TON) 72
TABLE 13 AVERAGE PRICES OF MODIFIED STARCH, BY REGION,
2020 VS. 2021 (USD/TON) 72
7 REGULATORY FRAMEWORK 73
7.1 INTRODUCTION 73
7.2 MODIFIED STARCH REGULATIONS IN NORTH AMERICA 73
7.2.1 US FOOD AND DRUG ADMINISTRATION 73
7.3 MODIFIED STARCH REGULATIONS IN EUROPE 76
7.4 MODIFIED STARCH REGULATIONS IN THE ASIA PACIFIC 76
8 MODIFIED STARCH MARKET, BY RAW MATERIAL 77
8.1 INTRODUCTION 78
TABLE 14 MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 78
TABLE 15 MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL, 2018–2027 (KT) 78
8.2 CORN 79
8.2.1 EASY PROCESSIBILITY MAKES CORN STARCH HIGHLY PREFERRED 79
TABLE 16 MODIFIED CORN STARCH MARKET SIZE, BY REGION,
2018–2027 (USD MILLION) 79
TABLE 17 MODIFIED CORN STARCH MARKET SIZE, BY REGION, 2018–2027 (KT) 79
8.3 CASSAVA 80
8.3.1 CASSAVA MODIFIED STARCH MARKET DRIVEN BY FUNCTIONAL PROPERTIES 80
TABLE 18 MODIFIED CASSAVA STARCH MARKET SIZE, BY REGION,
2018–2027 (USD MILLION) 80
TABLE 19 MODIFIED CASSAVA STARCH MARKET SIZE, BY REGION, 2018–2027 (KT) 81
8.4 POTATO 81
8.4.1 POTATO STARCH FINDS MAJOR APPLICATION IN THE EUROPEAN MARKET 81
TABLE 20 MODIFIED POTATO STARCH MARKET SIZE, BY REGION,
2018–2027 (USD MILLION) 81
TABLE 21 MODIFIED POTATO STARCH MARKET SIZE, BY REGION, 2018–2027 (KT) 82
8.5 WHEAT 82
8.5.1 WHEAT MODIFIED STARCH GAINS POPULARITY OWING TO ITS THICKENING AND BLENDING PROPERTIES 82
TABLE 22 MODIFIED WHEAT STARCH MARKET SIZE, BY REGION,
2018–2027 (USD MILLION) 82
TABLE 23 MODIFIED WHEAT STARCH MARKET SIZE, BY REGION, 2018–2027 (KT) 83
8.6 OTHER RAW MATERIALS 83
TABLE 24 OTHER RAW MATERIALS MARKET SIZE, BY REGION,
2018–2027 (USD MILLION) 83
TABLE 25 OTHER RAW MATERIALS MARKET SIZE, BY REGION, 2018–2027 (KT) 84
9 MODIFIED STARCH MARKET, BY APPLICATION 85
9.1 INTRODUCTION 86
TABLE 26 MODIFIED STARCH MARKET SIZE, BY APPLICATION,
2018–2027 (USD MILLION) 86
FIGURE 30 MODIFIED STARCH MARKET SIZE, BY APPLICATION,
2022 VS. 2027 (USD MILLION) 87
9.2 COVID-19 IMPACT ON THE MODIFIED STARCH MARKET, BY APPLICATION 87
9.2.1 REALISTIC SCENARIO 88
TABLE 27 REALISTIC SCENARIO: MODIFIED STARCH MARKET SIZE, BY APPLICATION, 2019–2021 (USD MILLION) 88
9.2.2 OPTIMISTIC SCENARIO 88
TABLE 28 OPTIMISTIC SCENARIO: MODIFIED STARCH MARKET SIZE, BY APPLICATION, 2019–2021 (USD MILLION) 88
9.2.3 PESSIMISTIC SCENARIO 88
TABLE 29 PESSIMISTIC SCENARIO: MODIFIED STARCH MARKET SIZE, BY APPLICATION, 2019–2021 (USD MILLION) 88
9.3 FOOD & BEVERAGES 89
TABLE 30 MODIFIED STARCH MARKET SIZE IN FOOD & BEVERAGES, BY REGION, 2018–2027 (USD MILLION) 89
TABLE 31 MODIFIED STARCH MARKET SIZE IN FOOD & BEVERAGES,
BY SUBAPPLICATION, 2018–2027 (USD MILLION) 89
9.3.1 BAKERY & CONFECTIONERY PRODUCTS 90
9.3.1.1 Modified starch improves the texture and quality of bakery products 90
TABLE 32 MODIFIED STARCH MARKET SIZE IN BAKERY & CONFECTIONERY PRODUCTS, BY REGION, 2018–2027 (USD MILLION) 90
9.3.2 PROCESSED FOODS 90
9.3.2.1 Modified starch functions as a stabilizer and provides freeze-thaw ability to processed foods 90
TABLE 33 MODIFIED STARCH MARKET SIZE IN PROCESSED FOODS, BY REGION,
2018–2027 (USD MILLION) 91
9.3.3 BEVERAGES 91
9.3.3.1 Starches stabilize beverages and provide them with viscosity for desired mouthfeel 91
TABLE 34 MODIFIED STARCH MARKET SIZE IN BEVERAGES, BY REGION,
2018–2027 (USD MILLION) 91
9.3.4 OTHER FOOD APPLICATIONS 92
TABLE 35 MODIFIED STARCH MARKET SIZE IN OTHER FOOD APPLICATIONS,
BY REGION, 2018–2027 (USD MILLION) 92
9.4 FEED 92
TABLE 36 MODIFIED STARCH MARKET SIZE IN FEED, BY REGION,
2018–2027 (USD MILLION) 92
TABLE 37 MODIFIED STARCH MARKET SIZE IN FEED, BY TYPE,
2018–2027 (USD MILLION) 93
9.4.1 SWINE FEED 93
9.4.1.1 Starch improves digestibility in swine 93
9.4.2 RUMINANT FEED 93
9.4.2.1 Starch provides carbohydrates, helping ruminants gain weight 93
9.4.3 POULTRY FEED 93
9.4.3.1 Starch is an important nutrient source in poultry diets 93
9.4.4 OTHER FEED APPLICATIONS 94
9.5 INDUSTRIAL 94
TABLE 38 MODIFIED STARCH MARKET SIZE IN INDUSTRIAL APPLICATIONS, BY REGION, 2018–2027 (USD MILLION) 94
TABLE 39 MODIFIED STARCH MARKET SIZE IN INDUSTRIAL APPLICATIONS,
BY SUBAPPLICATION, 2018–2027 (USD MILLION) 94
9.5.1 PAPERMAKING 95
9.5.1.1 Modified starch provides internal strength to paper 95
TABLE 40 MODIFIED STARCH MARKET SIZE IN PAPERMAKING, BY REGION,
2018–2027 (USD MILLION) 95
9.5.2 WEAVING & TEXTILES 95
9.5.2.1 Starch improves the appearance of fabric 95
TABLE 41 MODIFIED STARCH MARKET SIZE IN WEAVING & TEXTILES, BY REGION, 2018–2027 (USD MILLION) 96
9.5.3 MEDICINES & PHARMACEUTICALS 96
9.5.3.1 Modified starch is important in various pharmaceutical applications 96
TABLE 42 MODIFIED STARCH MARKET SIZE IN MEDICINES & PHARMACEUTICALS,
BY REGION, 2018–2027 (USD MILLION) 96
 
9.5.4 COSMETICS 97
9.5.4.1 Modified starch provides smoothness to cosmetics 97
TABLE 43 MODIFIED STARCH MARKET SIZE IN COSMETICS, BY REGION,
2018–2027 (USD MILLION) 97
9.5.5 OTHER INDUSTRIAL APPLICATIONS 97
TABLE 44 MODIFIED STARCH MARKET SIZE IN OTHER INDUSTRIAL APPLICATIONS,
BY REGION, 2018–2027 (USD MILLION) 97
10 MODIFIED STARCH MARKET, BY FORM 98
10.1 INTRODUCTION 99
TABLE 45 MODIFIED STARCH MARKET SIZE, BY FORM, 2018–2027 (USD MILLION) 99
FIGURE 31 MODIFIED STARCH MARKET SIZE, BY FORM, 2022 VS. 2027 (USD MILLION) 99
10.2 COVID-19 IMPACT ON THE MODIFIED STARCH MARKET, BY FORM 100
10.2.1 REALISTIC SCENARIO 100
TABLE 46 REALISTIC SCENARIO: MODIFIED STARCH MARKET SIZE, BY FORM,
2019–2021 (USD MILLION) 100
10.2.2 OPTIMISTIC SCENARIO 100
TABLE 47 OPTIMISTIC SCENARIO: MODIFIED STARCH MARKET SIZE, BY FORM,
2019–2021 (USD MILLION) 100
10.2.3 PESSIMISTIC SCENARIO 100
TABLE 48 PESSIMISTIC SCENARIO: MODIFIED STARCH MARKET SIZE, BY FORM,
2019–2021 (USD MILLION) 100
10.3 DRY 101
10.3.1 DRY FORM OF MODIFIED STARCH IS CONVENIENT TO USE 101
TABLE 49 DRY MODIFIED STARCH MARKET SIZE, BY REGION,
2018–2027 (USD MILLION) 101
10.4 LIQUID 101
10.4.1 LIQUID FORM OF MODIFIED STARCH REQUIRES MORE CARE 101
TABLE 50 LIQUID MODIFIED STARCH MARKET SIZE, BY REGION,
2018–2027 (USD MILLION) 102
11 MODIFIED STARCH MARKET, BY FUNCTION 103
11.1 INTRODUCTION 103
11.2 THICKENERS 103
11.3 STABILIZERS 104
11.4 BINDERS 104
11.5 EMULSIFIERS 104
11.6 OTHER FUNCTIONS 105
12 MODIFIED STARCH MARKET, BY MODIFICATION TYPE 106
12.1 INTRODUCTION 106
12.2 PHYSICAL MODIFICATION 106
TABLE 51 RESEARCH ON THE PHYSICAL MODIFICATION OF STARCH 107
12.2.1 HYDROTHERMAL 108
12.2.2 NON-HYDROTHERMAL 108
12.3 CHEMICAL MODIFICATION 108
TABLE 52 CHEMICAL MODIFICATION OF STARCH 109
12.3.1 CATIONIC STARCH 110
12.3.2 ETHERIFIED STARCH 110
TABLE 53 ETHERIFIED STARCH IN FOOD APPLICATIONS 111
12.3.3 ESTERIFIED STARCH 112
12.4 ENZYMATIC MODIFICATION 112
13 MODIFIED STARCH MARKET, BY REGION 113
13.1 INTRODUCTION 114
FIGURE 32 REGIONAL SNAPSHOT: NEW HOTSPOTS TO EMERGE IN ASIA PACIFIC,
2022–2027 115
TABLE 54 MODIFIED STARCH MARKET SIZE, BY REGION, 2018–2027 (USD MILLION) 115
TABLE 55 MODIFIED STARCH MARKET SIZE, BY REGION, 2018–2027 (KT) 116
13.2 COVID-19 IMPACT ON THE MODIFIED STARCH MARKET, BY REGION 116
13.2.1 OPTIMISTIC SCENARIO 116
TABLE 56 OPTIMISTIC SCENARIO: MODIFIED STARCH MARKET SIZE, BY REGION, 2019–2021 (USD MILLION) 116
13.2.2 REALISTIC SCENARIO 117
TABLE 57 REALISTIC SCENARIO: MODIFIED STARCH MARKET SIZE, BY REGION,
2019–2021 (USD MILLION) 117
13.2.3 PESSIMISTIC SCENARIO 117
TABLE 58 PESSIMISTIC SCENARIO: MODIFIED STARCH MARKET SIZE, BY REGION, 2019–2021 (USD MILLION) 117
13.3 NORTH AMERICA 117
TABLE 59 NORTH AMERICA: MODIFIED STARCH MARKET SIZE, BY COUNTRY,
2018–2027 (USD MILLION) 118
TABLE 60 NORTH AMERICA: MODIFIED STARCH MARKET SIZE, BY COUNTRY,
2018–2027 (KT) 118
TABLE 61 NORTH AMERICA: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL, 2018–2027 (USD MILLION) 118
TABLE 62 NORTH AMERICA: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL, 2018–2027 (KT) 119
TABLE 63 NORTH AMERICA: MODIFIED STARCH MARKET SIZE, BY APPLICATION,
2018–2027 (USD MILLION) 119
TABLE 64 NORTH AMERICA: MODIFIED STARCH MARKET SIZE, BY FORM,
2018–2027 (USD MILLION) 119
13.3.1 US 120
13.3.1.1 Corn is an important raw material for modified starch in the US 120
TABLE 65 US: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 120
13.3.2 CANADA 120
13.3.2.1 Canadian government agencies work to incorporate modified starch in various industrial applications 120
TABLE 66 CANADA: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 121
13.3.3 MEXICO 121
13.3.3.1 Growth of the paper & packaging industry demands modified starch 121
TABLE 67 MEXICO: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 121
13.4 EUROPE 122
TABLE 68 EUROPE: MODIFIED STARCH MARKET SIZE, BY COUNTRY,
2018–2027 (USD MILLION) 122
TABLE 69 EUROPE: MODIFIED STARCH MARKET SIZE, BY COUNTRY, 2018–2027 (KT) 123
TABLE 70 EUROPE: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 123
TABLE 71 EUROPE: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (KT) 123
TABLE 72 EUROPE: MODIFIED STARCH MARKET SIZE, BY APPLICATION,
2018–2027 (USD MILLION) 124
TABLE 73 EUROPE: MODIFIED STARCH MARKET SIZE, BY FORM,
2018–2027 (USD MILLION) 124
13.4.1 GERMANY 124
13.4.1.1 Increase in consumption of convenience food drives demand in Germany 124
TABLE 74 GERMANY: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 125
13.4.2 FRANCE 125
13.4.2.1 High consumption of dairy products fuels the demand for modified starch in France 125
TABLE 75 FRANCE: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 126
13.4.3 UK 126
13.4.3.1 Growth of the feed industry contributes to the market in the UK 126
TABLE 76 UK: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 126
13.4.4 SPAIN 127
13.4.4.1 Developed food processing industry propels growth in Spain 127
TABLE 77 SPAIN: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 127
13.4.5 ITALY 127
13.4.5.1 Widespread baker & confectionery industry in Italy to drive demand 127
TABLE 78 ITALY: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 128
13.4.6 REST OF EUROPE 128
TABLE 79 REST OF EUROPE: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL, 2018–2027 (USD MILLION) 128
 
13.5 ASIA PACIFIC 129
TABLE 80 ASIA PACIFIC: MODIFIED STARCH MARKET SIZE, BY COUNTRY,
2018–2027 (USD MILLION) 129
TABLE 81 ASIA PACIFIC: MODIFIED STARCH MARKET SIZE, BY COUNTRY,
2018–2027 (KT) 130
TABLE 82 ASIA PACIFIC: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 130
TABLE 83 ASIA PACIFIC: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (KT) 130
TABLE 84 ASIA PACIFIC: MODIFIED STARCH MARKET SIZE, BY APPLICATION,
2018–2027 (USD MILLION) 131
TABLE 85 ASIA PACIFIC: MODIFIED STARCH MARKET SIZE, BY FORM,
2018–2027 (USD MILLION) 131
13.5.1 CHINA 131
13.5.1.1 China dominates in Asia Pacific due to significant changes in lifestyle 131
TABLE 86 CHINA: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 132
13.5.2 JAPAN 132
13.5.2.1 Rise in the processed food industry in Japan drives the modified starch market 132
TABLE 87 JAPAN: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 132
13.5.3 INDIA 133
13.5.3.1 The modified starch market is highly fragmented in India 133
TABLE 88 INDIA: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 133
13.5.4 SOUTH KOREA 133
13.5.4.1 Growth in demand for packaged food drives demand for modified starch in South Korea 133
TABLE 89 SOUTH KOREA: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 134
13.5.5 THAILAND 134
13.5.5.1 Abundance of cassava as a raw material drives the Thai market 134
TABLE 90 THAILAND: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 134
13.5.6 REST OF ASIA PACIFIC 135
TABLE 91 REST OF ASIA PACIFIC: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL, 2018–2027 (USD MILLION) 135
13.6 SOUTH AMERICA 135
TABLE 92 SOUTH AMERICA: MODIFIED STARCH MARKET SIZE, BY COUNTRY,
2018–2027 (USD MILLION) 136
TABLE 93 SOUTH AMERICA: MODIFIED STARCH MARKET SIZE, BY COUNTRY,
2018–2027 (KT) 136
TABLE 94 SOUTH AMERICA: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL, 2018–2027 (USD MILLION) 136
TABLE 95 SOUTH AMERICA MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL, 2018–2027 (KT) 137
TABLE 96 SOUTH AMERICA: MODIFIED STARCH MARKET SIZE, BY APPLICATION,
2018–2027 (USD MILLION) 137
TABLE 97 SOUTH AMERICA: MODIFIED STARCH MARKET SIZE, BY FORM,
2018–2027 (USD MILLION) 137
13.6.1 BRAZIL 138
13.6.1.1 High meat consumption in Brazil to drive the market 138
TABLE 98 BRAZIL: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 138
13.6.2 ARGENTINA 138
13.6.2.1 Growing feed industry to increase the demand for modified starch in Argentina 138
TABLE 99 ARGENTINA: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 139
13.6.3 REST OF SOUTH AMERICA 139
TABLE 100 REST OF SOUTH AMERICA: MODIFIED STARCH MARKET SIZE,
BY RAW MATERIAL, 2018–2027 (USD MILLION) 139
13.7 REST OF THE WORLD (ROW) 140
TABLE 101 ROW: MODIFIED STARCH MARKET SIZE, BY REGION,
2018–2027 (USD MILLION) 140
TABLE 102 ROW: MODIFIED STARCH MARKET SIZE, BY REGION, 2018–2027 (KT) 140
TABLE 103 ROW: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 141
TABLE 104 ROW: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL, 2018–2027 (KT) 141
TABLE 105 ROW: MODIFIED STARCH MARKET SIZE, BY APPLICATION,
2018–2027 (USD MILLION) 141
TABLE 106 ROW: MODIFIED STARCH MARKET SIZE, BY FORM,
2018–2027 (USD MILLION) 142
13.7.1 AFRICA 142
13.7.1.1 Increased demand for food processing ingredients drives market in the region 142
TABLE 107 AFRICA: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 142
13.7.2 MIDDLE EAST 143
13.7.2.1 Consumers are witnessing an increased demand for clean-label food products in the Middle East 143
TABLE 108 MIDDLE EAST: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 143
14 COMPETITIVE LANDSCAPE 144
14.1 OVERVIEW 144
14.2 KEY PLAYER STRATEGIES 144
TABLE 109 KEY PLAYER STRATEGIES 144
14.3 MARKET SHARE ANALYSIS 145
FIGURE 33 MARKET SHARE ANALYSIS, 2020 146
14.4 REVENUE ANALYSIS OF MAJOR MARKET PLAYERS 146
FIGURE 34 REVENUE ANALYSIS OF MAJOR MARKET PLAYERS,
2018–2020 (USD BILLION) 146
14.5 COMPETITIVE SCENARIO & TRENDS 147
14.5.1 NEW PRODUCT LAUNCHES 147
TABLE 110 NEW PRODUCT LAUNCHES, 2018–2020 147
14.5.2 DEALS 148
TABLE 111 DEALS, 2018–2020 148
14.5.3 OTHERS 149
TABLE 112 OTHERS, 2018–2020 149
14.6 COMPANY EVALUATION QUADRANT 150
14.6.1 STARS 150
14.6.2 EMERGING LEADERS 150
14.6.3 PERVASIVE PLAYERS 150
14.6.4 EMERGING COMPANIES 150
14.6.5 COMPETITIVE BENCHMARKING 151
TABLE 113 LIST OF KEY STARTUPS 151
TABLE 114 MODIFIED STARCH MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS 152
14.6.6 COMPANY EVALUATION MATRIX, 2020 (OVERALL MARKET) 153
FIGURE 35 MODIFIED STARCH MARKET COMPANY EVALUATION MATRIX,
2020 (OVERALL MARKET) 153
14.6.7 MARKET EVALUATION FRAMEWORK 154
FIGURE 36 MARKET EVALUATION FRAMEWORK, 2018–2021 154
15 COMPANY PROFILES 155
(Business overview, Products offered, Recent Developments, MNM view)*
15.1 ARCHER DANIELS MIDLAND COMPANY 155
TABLE 115 ARCHER DANIELS MIDLAND COMPANY: COMPANY AT A GLANCE 155
FIGURE 37 ARCHER DANIELS MIDLAND COMPANY: COMPANY SNAPSHOT 156
TABLE 116 ARCHER DANIELS MIDLANDS COMPANY: DEALS 157
15.2 CARGILL 159
TABLE 117 CARGILL, INCORPORATED: COMPANY AT A GLANCE 159
FIGURE 38 CARGILL: COMPANY SNAPSHOT 159
TABLE 118 CARGILL: OTHERS 161
15.3 INGREDION INCORPORATED 162
TABLE 119 INGREDION INCORPORATED: COMPANY AT A GLANCE 162
FIGURE 39 INGREDION INCORPORATED: COMPANY SNAPSHOT 163
TABLE 120 INGREDION INCORPORATED: NEW PRODUCT LAUNCHES 166
TABLE 121 INGREDION INCORPORATED: DEALS 166
15.4 TATE & LYLE 168
TABLE 122 TATE & LYLE: COMPANY AT A GLANCE 168
FIGURE 40 TATE & LYLE: COMPANY SNAPSHOT 169
TABLE 123 TATE & LYLE: NEW PRODUCT LAUNCHES 170
TABLE 124 TATE & LYLE: OTHERS 171
 
15.5 ROQUETTE FRÈRES 172
TABLE 125 ROQUETTE FRÈRES: COMPANY AT A GLANCE 172
15.6 AVEBE U.A. 174
TABLE 126 AVEBE U.A.: COMPANY AT A GLANCE 174
FIGURE 41 AVEBE U.A.: COMPANY SNAPSHOT 175
TABLE 127 AVEBE U.A.: OTHERS 176
15.7 GRAIN PROCESSING CORPORATION 177
TABLE 128 GRAIN PROCESSING CORPORATION: COMPANY AT A GLANCE 177
15.8 EMSLAND GROUP 179
TABLE 129 EMSLAND GROUP: COMPANY AT A GLANCE 179
TABLE 130 EMSLAND GROUP: NEW PRODUCTS OFFERED 180
TABLE 131 EMSLAND GROUP: DEALS 180
15.9 AGRANA 181
TABLE 132 AGRANA BETEILIGUNGS-AG: COMPANY AT A GLANCE 181
FIGURE 42 AGRANA: COMPANY SNAPSHOT 182
TABLE 133 AGRANA: OTHERS 183
15.10 SMS CORPORATION 184
TABLE 134 SMS CORPORATION: COMPANY AT A GLANCE 184
TABLE 135 SMS CORPORATION: NEW PRODUCT LAUNCHES 186
15.11 GLOBAL BIO-CHEM TECHNOLOGY GROUP COMPANY LIMITED 187
TABLE 136 GLOBAL BIO-CHEM TECHNOLOGY GROUP COMPANY LIMITED:
COMPANY AT A GLANCE 187
FIGURE 43 GLOBAL BIO-CHEM TECHNOLOGY GROUP COMPANY LIMITED:
COMPANY SNAPSHOT 188
15.12 SPAC STARCH PRODUCTS (INDIA) LTD. 189
TABLE 137 SPAC STARCH PRODUCTS (INDIA) LTD.: COMPANY AT A GLANCE 189
15.13 QINGDAO CBH CO., LTD. 190
TABLE 138 QINGDAO CBH CO., LTD.: COMPANY AT A GLANCE 190
15.14 TEREOS 191
TABLE 139 TEREOS: COMPANY AT A GLANCE 191
FIGURE 44 TEREOS: COMPANY SNAPSHOT 192
15.15 KMC 193
TABLE 140 KMC: COMPANY AT A GLANCE 193
15.16 BENEO 194
TABLE 141 BENEO: COMPANY AT A GLANCE 194
TABLE 142 BENEO: NEW PRODUCT LAUNCHES 195
TABLE 143 BENEO: OTHERS 195
15.17 ANGEL STARCH & FOOD PVT. LTD. 196
TABLE 144 ANGEL STARCH & FOOD PVT. LTD.: COMPANY AT A GLANCE 196
 
15.18 SHUBHAM STARCH CHEM PVT. LTD. 197
TABLE 145 SHUBHAM STARCH CHEM PVT. LTD.: COMPANY AT A GLANCE 197
15.19 EVEREST STARCH (INDIA) PVT. LTD. 198
TABLE 146 EVEREST STARCH (INDIA) PVT. LTD.: COMPANY AT A GLANCE 198
15.20 SHEEKHARR STARCH PVT. LTD. 199
TABLE 147 SHEEKHARR STARCH PVT. LTD.: COMPANY AT A GLANCE 199
15.21 SANSTAR BIO-POLYMERS LTD. 200
TABLE 148 SANSTAR BIO-POLYMERS LTD.: COMPANY AT A GLANCE 200
15.22 UNIVERSAL BIOPOLYMERS 201
TABLE 149 UNIVERSAL BIOPOLYMERS: COMPANY AT A GLANCE 201
15.23 SONISH STARCH TECHNOLOGY CO. LTD. 202
TABLE 150 SONISH STARCH TECHNOLOGY CO. LTD.: COMPANY AT A GLANCE 202
15.24 VENUS STARCH SUPPLIERS 203
TABLE 151 VENUS STARCH SUPPLIERS: COMPANY AT A GLANCE 203
15.25 GROMOTECH AGROCHEM PVT. LTD. 204
TABLE 152 GROMOTECH AGROCHEM PVT. LTD.: COMPANY AT A GLANCE 204
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
16 ADJACENT AND RELATED MARKETS 205
16.1 INTRODUCTION 205
TABLE 153 ADJACENT MARKETS TO MODIFIED STARCH 205
16.2 LIMITATIONS 205
16.3 POTATO STARCH MARKET 206
16.3.1 MARKET DEFINITION 206
16.3.2 MARKET OVERVIEW 206
TABLE 154 POTATO STARCH MARKET SIZE, BY TYPE, 2019–2027 (USD MILLION) 206
16.4 PEA STARCH MARKET 206
16.4.1 MARKET DEFINITION 206
16.4.2 MARKET OVERVIEW 207
TABLE 155 PEA STARCH MARKET SIZE, BY GRADE, 2019–2026 (USD BILLION) 207
17 APPENDIX 208
17.1 DISCUSSION GUIDE 208
17.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 214
17.3 AVAILABLE CUSTOMIZATIONS 216
17.4 RELATED REPORTS 216
17.5 AUTHOR DETAILS 217

Fruit and Vegetable Processing Market by Product Type (Fresh, Fresh-cut, Canned, Frozen, Dried & Dehydrated, Convenience), Equipment Type, Operation (...

Publisher:        MarketsandMarkets

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Publication Date:  April, 2022

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1 INTRODUCTION 54
1.1 OBJECTIVES OF THE STUDY 54
1.2 MARKET DEFINITION 54
1.3 MARKET SEGMENTATION 55
FIGURE 1 FRUIT & VEGETABLE PROCESSING MARKET SEGMENTATION 55
1.3.1 INCLUSIONS AND EXCLUSIONS 55
1.3.2 REGIONS COVERED 56
1.4 YEARS CONSIDERED 57
1.5 CURRENCY CONSIDERED 57
TABLE 1 USD EXCHANGE RATES CONSIDERED, 2017–2021 58
1.6 VOLUME UNIT CONSIDERED 58
1.7 STAKEHOLDERS 58
1.8 SUMMARY OF CHANGES 59
2 RESEARCH METHODOLOGY 60
2.1 RESEARCH DATA 60
FIGURE 2 FRUIT & VEGETABLE PROCESSING MARKET: RESEARCH METHODOLOGY 60
2.1.1 SECONDARY DATA 61
2.1.1.1 Key data from secondary sources 61
2.1.2 PRIMARY DATA 61
2.1.2.1 Breakdown of primary interviews 62
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 62
2.2 DATA TRIANGULATION 63
2.3 MARKET SIZE ESTIMATION 64
FIGURE 4 FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 65
FIGURE 5 FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 66
FIGURE 6 PROCESSED FRUITS & VEGETABLES MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 67
FIGURE 7 PROCESSED FRUITS & VEGETABLES MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 68
2.4 RESEARCH ASSUMPTIONS & LIMITATIONS 69
2.4.1 ASSUMPTIONS 69
2.4.2 LIMITATIONS 70
2.5 MARKET SCENARIOS CONSIDERED FOR THE IMPACT OF COVID-19 70
2.6 SCENARIO-BASED MODELLING 71
2.7 COVID-19 HEALTH ASSESSMENT 71
FIGURE 8 COVID-19: GLOBAL PROPAGATION 71
FIGURE 9 COVID-19 PROPAGATION: SELECT COUNTRIES 72
2.8 COVID-19 ECONOMIC ASSESSMENT 73
FIGURE 10 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020 73
2.8.1 COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT 74
FIGURE 11 CRITERIA IMPACTING THE GLOBAL ECONOMY 74
FIGURE 12 SCENARIOS IN TERMS OF RECOVERY OF THE GLOBAL ECONOMY 75
3 EXECUTIVE SUMMARY 77
FIGURE 13 PROCESSED VEGETABLES SEGMENT TO DOMINATE THE MARKET (USD MILLION) 78
FIGURE 14 PROCESSED FRUITS & VEGETABLES MARKET, BY PRODUCT TYPE, 2017 VS. 2022 (USD MILLION) 79
FIGURE 15 PROCESSED FRUITS & VEGETABLES MARKET SHARE (VALUE): GEOGRAPHICAL OVERVIEW, 2021 80
FIGURE 16 FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY OPERATION TYPE, 2022 VS. 2027 (USD MILLION) 81
4 PREMIUM INSIGHTS 82
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN THE FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET 82
FIGURE 17 EMERGING ECONOMIES OFFER OPPORTUNITIES FOR MARKET GROWTH 82
4.2 NORTH AMERICA: FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET, BY EQUIPMENT TYPE & COUNTRY 83
FIGURE 18 FILLERS FORMED THE EQUIPMENT TYPE AND NORTH AMERICA WAS THE LARGEST FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET 83
4.3 FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET, BY OPERATION TYPE 83
FIGURE 19 AUTOMATIC EQUIPMENT TO DOMINATE THE MARKET DURING THE FORECAST PERIOD (USD MILLION) 83
4.4 PROCESSED FRUITS & VEGETABLES MARKET, BY PRODUCT TYPE & REGION 84
FIGURE 20 NORTH AMERICA TO LEAD THE PROCESSED FRUITS & VEGETABLES MARKET SHARE (VALUE) 84
4.5 FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET, BY EQUIPMENT TYPE 85
FIGURE 21 FILLERS TO DOMINATE DURING THE FORECAST PERIOD (USD MILLION) 85
4.6 FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET, BY REGION 86
FIGURE 22 THE US ACCOUNTED FOR THE LARGEST SHARE (VALUE) OF THE GLOBAL FRUIT & VEGETABLE PROCESSING EQUIPMENT IN 2021 86
5 MARKET OVERVIEW 87
5.1 FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET 87
5.1.1 INTRODUCTION 87
5.1.2 MARKET DYNAMICS 88
FIGURE 23 MARKET DYNAMICS: FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET 88
5.1.2.1 Drivers 88
5.1.2.1.1 Increase in fruit & vegetable processing and QSRs in the Indian foodservice industry 88
FIGURE 24 EXPENDITURE FOR FOOD AT HOME AND AWAY FROM HOME, 2011–2020 (USD BILLION) 89
5.1.2.1.2 Rise in demand for health and innovations leads to the advancement of fruit & vegetable processing machinery 89
5.1.2.1.3 Rise in focus on production and operational efficiency demand new technologies for fruit & vegetable processing 90
5.1.2.1.4 Demand for hygienic food packaging is on rise 90
5.1.2.1.5 Automation and robotics in processing equipment 91
5.1.2.2 Restraints 91
5.1.2.2.1 Increase in cost of production due to rise in energy, labor and maintenance costs 91
5.1.2.2.2 Stringent government regulations in Europe 92
5.1.2.3 Opportunities 92
5.1.2.3.1 Government initiatives and investments to expand the processed food sector in developing regions 92
5.1.2.3.2 Post-sales service contracts 93
5.1.2.4 Challenges 93
5.1.2.4.1 Lack of Infrastructural support in developing countries 93
5.2 PROCESSED FRUITS & VEGETABLES MARKET 93
5.2.1 INTRODUCTION 93
5.2.2 MARKET DYNAMICS 94
FIGURE 25 MARKET DYNAMICS: PROCESSED FRUITS AND VEGETABLES MARKET 94
5.2.2.1 Drivers 94
5.2.2.1.1 Growth in demand for exotic fruits and vegetables due to a boom in the hospitality industry 94
FIGURE 26 IMPORT VALUE OF FRUITS AND VEGETABLES IN KEY COUNTRIES, 2020 (USD THOUSAND) 95
5.2.2.1.2 Growth in demand for convenience food products 95
FIGURE 27 SALES OF CONVENIENCE FOODS, 2020 (CHANGE IN SALES) 96
5.2.2.1.3 Increased presence of modern retail outlets 97
5.2.2.1.4 Higher prevalence of chronic diseases 97
FIGURE 28 LEADING GLOBAL CAUSES OF DEATH 97
5.2.2.2 Restraints 98
5.2.2.2.1 Incidences of food recall 98
TABLE 2 FOOD RECALL INCIDENCES FOR PROCESSED FRUITS & VEGETABLES, 2022 98
5.2.2.2.2 Complex supply chain and high inventory carrying cost 98
5.2.2.3 Opportunities 99
5.2.2.3.1 Growth in demand for vegan food products 99
5.2.2.3.2 International trade of crops impacting food safety standards 99
FIGURE 29 KEY GLOBAL IMPORTER SHARE (VALUE), BY PRODUCE TYPE, 2020 100
5.2.2.3.3 Development of emerging economies 100
FIGURE 30 ASIA: GDP GROWTH RATE, BY KEY COUNTRY, 2020–2021 101
5.2.2.4 Challenges 101
5.2.2.4.1 Physiological deterioration and infections 101
5.2.2.4.2 Volatility in market prices of fresh produce 101
5.3 IMPACT OF COVID-19 ON MARKET DYNAMICS 102
5.3.1 COVID-19 NEGATIVELY IMPACTED SUPPLY CHAIN DYNAMICS OF THE FRUIT & VEGETABLE PROCESSING MARKET 102
6 INDUSTRY TRENDS 103
6.1 FRUIT AND VEGETABLE EQUIPMENT MARKET 103
6.1.1 INTRODUCTION 103
6.1.2 VALUE CHAIN ANALYSIS 103
FIGURE 31 FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET: VALUE CHAIN ANALYSIS 103
6.1.2.1 Raw material providers/suppliers 104
6.1.2.2 Component manufacturers 104
6.1.2.3 Fruit & vegetable processing equipment manufacturers/assemblers 104
6.1.2.4 Distributors (buyers)/end users and post-sales services 104
6.1.3 SUPPLY CHAIN 104
FIGURE 32 ENSURING PROPER HANDLING OF MACHINERY IS AN IMPORTANT ASPECT OF THE SUPPLY CHAIN 105
6.1.4 TECHNOLOGY ANALYSIS 105
6.1.5 PATENT ANALYSIS 107
FIGURE 33 FRUIT & VEGETABLE PROCESSING EQUIPMENT PATENTS, BY REGION, 2011–2021 107
TABLE 3 LIST OF IMPORTANT PATENTS FOR FRUIT & VEGETABLE PROCESSING EQUIPMENT, 2021 107
6.1.6 MARKET MAP 109
FIGURE 34 FRUIT & VEGETABLE PROCESSING MARKET: MARKET MAP 109
TABLE 4 FRUIT & VEGETABLE PROCESSING MARKET: ECOSYSTEM 109
6.1.7 PORTER’S FIVE FORCES ANALYSIS 110
TABLE 5 FRUIT & VEGETABLE PROCESSING QUIPMENT MARKET: PORTER’S FIVE FORCES ANALYSIS 110
6.1.7.1 Threat of new entrants 110
6.1.7.2 Threat of substitutes 110
6.1.7.3 Bargaining power of suppliers 111
6.1.7.4 Bargaining power of buyers 111
6.1.7.5 Intensity of competitive rivalry 111
6.1.8 KEY EXPORT-IMPORT MARKETS 112
FIGURE 35 IMPORT VALUE OF MACHINERY USED IN FRUIT & VEGETABLE PROCESSING, 2016–2020 (USD THOUSAND) 112
FIGURE 36 EXPORT VALUE OF MACHINERY USED IN FRUIT & VEGETABLE PROCESSING, 2016–2020 (USD THOUSAND) 112
6.1.9 KEY CONFERENCES & EVENTS 113
TABLE 6 FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2022–2023 113
6.1.10 TARIFF & REGULATORY LANDSCAPE 114
6.1.10.1 Regulatory bodies, government agencies, and other organizations 114
TABLE 7 US: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 114
TABLE 8 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS: EUROPE 115
TABLE 9 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS: ASIA PACIFIC 116
TABLE 10 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS: ROW 116
6.1.11 REVENUE SHIFT AND NEW REVENUE POCKETS FOR FRUIT & VEGETABLE PROCESSING EQUIPMENT MANUFACTURERS 117
FIGURE 37 REVENUE SHIFT FOR FRUIT & VEGETABLE PROCESSING EQUIPMENT 117
6.1.12 KEY STAKEHOLDERS & BUYING CRITERIA 118
6.1.12.1 Key stakeholders in buying process 118
TABLE 11 INFLUENCE OF STAKEHOLDERS ON THE BUYING PROCESS FOR THE TOP 3 TYPES 118
6.1.12.2 Buying criteria 118
FIGURE 38 KEY BUYING CRITERIA FOR TOP 3 PRODUCT TYPES 118
TABLE 12 KEY BUYING CRITERIA FOR TOP 3 PRODUCT TYPES 119
6.1.13 CASE STUDY ANALYSIS 119
6.1.13.1 Optimal maintenance costs and higher juice production reliability 119
TABLE 13 GROWING DEMAND FOR QUALITY WITHIN THE PRODUCTION LINE OF AN AFRICAN PRODUCER OF JUICES, NECTAR, AND STILL DRINKS 119
6.1.13.2 High-quality produce reaches grocery store shelves 120
TABLE 14 TO AVOID LOSSES DUE TO FALSE INSPECTION, MATROX IMAGING LIBRARY FOUND A SOLUTION USING AUTOMATIC MACHINERY 120
6.1.13.3 Compact potato flakes production line 120
TABLE 15 KIRON FOOD PROCESSING TECHNOLOGIES CATERED TO A GROWING DEMAND FOR POTATO FLAKES BECAUSE OF WIDE APPLICATION IN THE FOOD INDUSTRY 120
6.2 PROCESSED FRUITS & VEGETABLES MARKET 121
6.2.1 INTRODUCTION 121
6.2.2 VALUE CHAIN ANALYSIS 121
FIGURE 39 PROCESSED FRUITS & VEGETABLES MARKET: VALUE CHAIN ANALYSIS 122
6.2.3 MARKET ECOSYSTEM & SUPPLY CHAIN 122
FIGURE 40 PROCESSED FRUIT AND VEGETABLES: SUPPLY CHAIN ANALYSIS 123
6.2.3.1 Research & development 123
6.2.3.2 Inputs 123
6.2.3.3 Production 123
6.2.3.4 Logistics & distribution 124
6.2.3.5 Marketing & sales 124
6.2.3.6 End-user industry 124
TABLE 16 PROCESSED FRUIT & VEGETABLE MARKET: SUPPLY CHAIN (ECOSYSTEM) 124
FIGURE 41 PROCESSED FRUIT & VEGETABLE PRODUCTS: MARKET MAP 125
6.2.4 PRICING ANALYSIS: PROCESSED FRUITS & VEGETABLES MARKET 125
TABLE 17 PRICING RANGE OF PROCESSED FRUITS & VEGETABLES, 2017–2022 (USD/KG) 125
FIGURE 42 PRICING TREND OF PROCESSED FRUIT & VEGETABLES, 2017–2022 (USD/KG) 126
6.2.5 TECHNOLOGY ANALYSIS 126
6.2.6 PATENT ANALYSIS 128
FIGURE 43 PATENTS GRANTED FOR PROCESSED FRUIT & VEGETABLES MARKET, 2011–2021 128
FIGURE 44 REGIONAL ANALYSIS OF PATENT GRANTED FOR PROCESSED FRUITS & VEGETABLES, 2011–2021 129
TABLE 18 LIST OF IMPORTANT PATENTS FOR PROCESSED FRUITS & VEGETABLES, 2021 129
6.2.7 MARKET MAP 130
FIGURE 45 PROCESSED FRUIT & VEGETABLE MARKET: MARKET MAP 130
TABLE 19 PROCESSED FRUIT & VEGETABLE MARKET: ECOSYSTEM 131
6.2.8 PORTER’S FIVE FORCES ANALYSIS 131
TABLE 20 PROCESSED FRUITS & VEGETABLES MARKET: PORTER’S FIVE FORCES ANALYSIS 131
6.2.8.1 Threat of new entrants 132
6.2.8.2 Threat of substitutes 132
6.2.8.3 Bargaining power of suppliers 132
6.2.8.4 Bargaining power of buyers 133
6.2.8.5 Intensity of competitive rivalry 133
6.2.9 KEY EXPORT-IMPORT MARKETS 133
FIGURE 46 VEGETABLE IMPORT VALUE, BY KEY COUNTRY, 2O16–2020 (USD THOUSAND) 133
FIGURE 47 VEGETABLE EXPORT VALUE, BY KEY COUNTRY, 2O16–2020 (USD THOUSAND) 134
FIGURE 48 FRUIT IMPORT VALUE, BY KEY COUNTRY, 2O16–2020 (USD THOUSAND) 134
FIGURE 49 FRUIT EXPORT VALUE, BY KEY COUNTRY, 2O16–2020 (USD THOUSAND) 134
6.2.10 TARIFF AND REGULATORY LANDSCAPE 135
6.2.10.1 Regulatory bodies, government agencies, and other organizations 135
TABLE 21 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 135
TABLE 22 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 136
TABLE 23 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 137
TABLE 24 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 138
6.2.11 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PROCESSED FRUIT & VEGETABLE MANUFACTURERS 139
FIGURE 50 REVENUE SHIFT FOR PROCESSED FRUIT & VEGETABLE MANUFACTURERS 139
6.2.12 CASE STUDY ANALYSIS 140
TABLE 25 PROCESSED FRUIT & VEGETABLE MARKET: CASE STUDY ANALYSIS 140
7 FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET,
BY EQUIPMENT TYPE 141
7.1 INTRODUCTION 142
TABLE 26 KEY OPERATIONS CONDUCTED IN PROCESSING PLANTS 142
FIGURE 51 FILLERS ARE PROJECTED TO DOMINATE THE PROCESSING EQUIPMENT MARKET THROUGH 2027 (USD MILLION) 144
TABLE 27 FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY EQUIPMENT TYPE, 2017–2021 (USD MILLION) 145
TABLE 28 FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION) 145
7.2 COVID-19 IMPACT ON THE FRUIT & VEGETABLE PROCESSING MARKET, BY TYPE 146
TABLE 29 OPTIMISTIC SCENARIO: FRUIT & VEGETABLE EQUIPMENT PROCESSING MARKET SIZE, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION) 146
TABLE 30 REALISTIC SCENARIO: FRUIT & VEGETABLE EQUIPMENT PROCESSING MARKET SIZE, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION) 147
TABLE 31 PESSIMISTIC SCENARIO: FRUIT & VEGETABLE EQUIPMENT PROCESSING MARKET SIZE, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION) 147
7.3 PRE-PROCESSING EQUIPMENT 148
7.3.1 INCREASE IN USAGE OF SORTING AND GRADING EQUIPMENT TO MAINTAIN QUALITY STANDARDS AND SAVE TIME 148
TABLE 32 FRUIT & VEGETABLE PRE-PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 148
TABLE 33 FRUIT & VEGETABLE PRE-PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 149
TABLE 34 NORTH AMERICA: FRUIT & VEGETABLE PRE-PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 149
TABLE 35 NORTH AMERICA: FRUIT & VEGETABLE PRE-PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 149
TABLE 36 EUROPE: FRUIT & VEGETABLE PRE-PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 150
TABLE 37 EUROPE: FRUIT & VEGETABLE PRE-PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 150
TABLE 38 ASIA PACIFIC: FRUIT & VEGETABLE PRE-PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY/REGION, 2017–2021 (USD MILLION) 151
TABLE 39 ASIA PACIFIC: FRUIT & VEGETABLE PRE-PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY/REGION, 2022–2027 (USD MILLION) 151
TABLE 40 SOUTH AMERICA: FRUIT & VEGETABLE PRE-PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 151
TABLE 41 SOUTH AMERICA: FRUIT & VEGETABLE PRE-PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 152
TABLE 42 ROW: FRUIT & VEGETABLE PRE-PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 152
TABLE 43 ROW: FRUIT & VEGETABLE PRE-PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 152
7.4 PEELING/INSPECTION/SLICING 153
7.4.1 YIELD OPTIMIZATION AND WASTE ELIMINATION FOR PROFIT MAXIMIZATION TO DRIVE SEGMENT GROWTH 153
TABLE 44 FRUIT & VEGETABLE PEELING/INSPECTION/SLICING EQUIPMENT MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 153
TABLE 45 FRUIT & VEGETABLE PEELING/INSPECTION/SLICING EQUIPMENT MARKET SIZE, BY TYPE, 2022–2027 (USD MILLION) 154
TABLE 46 NORTH AMERICA: FRUIT & VEGETABLE PEELING/INSPECTION/SLICING EQUIPMENT MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 154
TABLE 47 NORTH AMERICA: FRUIT & VEGETABLE PEELING/INSPECTION/SLICING EQUIPMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 154
TABLE 48 EUROPE: FRUIT & VEGETABLE PEELING/INSPECTION/SLICING EQUIPMENT MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 155
TABLE 49 EUROPE: FRUIT & VEGETABLE PEELING/INSPECTION/SLICING EQUIPMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 155
TABLE 50 ASIA PACIFIC: FRUIT & VEGETABLE PEELING/INSPECTION/SLICING EQUIPMENT MARKET SIZE, BY COUNTRY/REGION, 2017–2021 (USD MILLION) 156
TABLE 51 ASIA PACIFIC: FRUIT & VEGETABLE PEELING/INSPECTION/SLICING EQUIPMENT MARKET SIZE, BY COUNTRY/REGION, 2022–2027 (USD MILLION) 156
TABLE 52 SOUTH AMERICA: FRUIT & VEGETABLE PEELING/INSPECTION/SLICING EQUIPMENT MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 156
TABLE 53 SOUTH AMERICA: FRUIT & VEGETABLE PEELING/INSPECTION/SLICING EQUIPMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 157
TABLE 54 ROW: FRUIT & VEGETABLE PEELING/INSPECTION/SLICING EQUIPMENT MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 157
TABLE 55 ROW: FRUIT & VEGETABLE PEELING/INSPECTION/SLICING EQUIPMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 157
7.5 WASHING & DEWATERING 158
7.5.1 RISING FOOD SAFETY CONCERNS INCREASE IMPORTANCE OF WASHERS 158
TABLE 56 FRUIT & VEGETABLE WASHING & DEWATERING EQUIPMENT MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 158
TABLE 57 FRUIT & VEGETABLE WASHING & DEWATERING EQUIPMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 159
TABLE 58 NORTH AMERICA: FRUIT & VEGETABLE WASHING & DEWATERING EQUIPMENT MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 159
TABLE 59 NORTH AMERICA: FRUIT & VEGETABLE WASHING & DEWATERING EQUIPMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 159
TABLE 60 EUROPE: FRUIT & VEGETABLE WASHING & DEWATERING EQUIPMENT MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 160
TABLE 61 EUROPE: FRUIT & VEGETABLE WASHING & DEWATERING EQUIPMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 160
TABLE 62 ASIA PACIFIC: FRUIT & VEGETABLE WASHING & DEWATERING EQUIPMENT MARKET SIZE, BY COUNTRY/REGION, 2017–2021 (USD MILLION) 161
TABLE 63 ASIA PACIFIC: FRUIT & VEGETABLE WASHING & DEWATERING EQUIPMENT MARKET SIZE, BY COUNTRY/REGION, 2022–2027 (USD MILLION) 161
TABLE 64 SOUTH AMERICA: FRUIT & VEGETABLE WASHING & DEWATERING EQUIPMENT MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 161
TABLE 65 SOUTH AMERICA: FRUIT & VEGETABLE WASHING & DEWATERING EQUIPMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 162
TABLE 66 ROW: FRUIT & VEGETABLE WASHING & DEWATERING EQUIPMENT MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 162
TABLE 67 ROW: FRUIT & VEGETABLE WASHING & DEWATERING EQUIPMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 162
7.6 FILLERS 163
7.6.1 RISE IN PROCESSED FOOD CONSUMPTION TO DRIVE SEGMENT GROWTH 163
TABLE 68 TYPES OF FILLING EQUIPMENT 163
TABLE 69 FRUIT & VEGETABLE FILLERS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 164
TABLE 70 FRUIT & VEGETABLE FILLERS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 164
TABLE 71 NORTH AMERICA: FRUIT & VEGETABLE FILLERS MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 164
TABLE 72 NORTH AMERICA: FRUIT & VEGETABLE FILLERS MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 165
TABLE 73 EUROPE: FRUIT & VEGETABLE FILLERS MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 165
TABLE 74 EUROPE: FRUIT & VEGETABLE FILLERS MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 166
TABLE 75 ASIA PACIFIC: FRUIT & VEGETABLE FILLERS MARKET SIZE, BY COUNTRY/REGION, 2017–2021 (USD MILLION) 166
TABLE 76 ASIA PACIFIC: FRUIT & VEGETABLE FILLERS MARKET SIZE, BY COUNTRY/REGION, 2022–2027 (USD MILLION) 167
TABLE 77 SOUTH AMERICA: FRUIT & VEGETABLE FILLERS MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 167
TABLE 78 SOUTH AMERICA: FRUIT & VEGETABLE FILLERS MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 167
TABLE 79 ROW: FRUIT & VEGETABLE FILLERS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 168
TABLE 80 ROW: FRUIT & VEGETABLE FILLERS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 168
7.7 SEASONING SYSTEMS 168
7.7.1 INNOVATIONS IN SEASONING FOR MULTIPLE PRODUCT OPTIONS TO ALSO IMPROVE SHELF LIFE OF FRESH PRODUCE 168
TABLE 81 FRUIT & VEGETABLE SEASONING SYSTEMS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 169
TABLE 82 FRUIT & VEGETABLE SEASONING SYSTEMS MARKET SIZE, BY TYPE, 2022–2027 (USD MILLION) 169
TABLE 83 NORTH AMERICA: FRUIT & VEGETABLE SEASONING SYSTEMS MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 169
TABLE 84 NORTH AMERICA: FRUIT & VEGETABLE SEASONING SYSTEMS MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 170
TABLE 85 EUROPE: FRUIT & VEGETABLE SEASONING SYSTEMS MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 170
TABLE 86 EUROPE: FRUIT & VEGETABLE SEASONING SYSTEMS MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 170
TABLE 87 ASIA PACIFIC: FRUIT & VEGETABLE SEASONING SYSTEMS MARKET SIZE, BY COUNTRY/REGION, 2017–2021 (USD MILLION) 171
TABLE 88 ASIA PACIFIC: FRUIT & VEGETABLE SEASONING SYSTEMS MARKET SIZE, BY COUNTRY/REGION, 2022–2027 (USD MILLION) 171
TABLE 89 SOUTH AMERICA: FRUIT & VEGETABLE SEASONING SYSTEMS MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 171
TABLE 90 SOUTH AMERICA: FRUIT & VEGETABLE SEASONING SYSTEMS MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 172
TABLE 91 ROW: FRUIT & VEGETABLE SEASONING SYSTEMS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 172
TABLE 92 ROW: FRUIT & VEGETABLE SEASONING SYSTEMS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 172
7.8 PACKAGING & HANDLING 173
7.8.1 STEEP GROWTH IN URBANIZATION AND INCREASING QSRS TO DRIVE SEGMENT GROWTH 173
TABLE 93 FRUIT & VEGETABLE PACKAGING & HANDLING EQUIPMENT MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 173
TABLE 94 FRUIT & VEGETABLE PACKAGING & HANDLING EQUIPMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 174
TABLE 95 NORTH AMERICA: FRUIT & VEGETABLE PACKAGING & HANDLING EQUIPMENT MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 174
TABLE 96 NORTH AMERICA: FRUIT & VEGETABLE PACKAGING & HANDLING EQUIPMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 174
TABLE 97 EUROPE: FRUIT & VEGETABLE PACKAGING & HANDLING EQUIPMENT MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 175
TABLE 98 EUROPE: FRUIT & VEGETABLE PACKAGING & HANDLING EQUIPMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 175
TABLE 99 ASIA PACIFIC: FRUIT & VEGETABLE PACKAGING & HANDLING EQUIPMENT MARKET SIZE, BY COUNTRY/REGION, 2017–2021 (USD MILLION) 176
TABLE 100 ASIA PACIFIC: FRUIT & VEGETABLE PACKAGING & HANDLING EQUIPMENT MARKET SIZE, BY COUNTRY/REGION, 2022–2027 (USD MILLION) 176
TABLE 101 SOUTH AMERICA: FRUIT & VEGETABLE PACKAGING & HANDLING EQUIPMENT MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 176
TABLE 102 SOUTH AMERICA: FRUIT & VEGETABLE PACKAGING & HANDLING EQUIPMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 177
TABLE 103 ROW: FRUIT & VEGETABLE PACKAGING & HANDLING EQUIPMENT MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 177
TABLE 104 ROW: FRUIT & VEGETABLE PACKAGING & HANDLING EQUIPMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 177
7.9 OTHER EQUIPMENT 178
TABLE 105 OTHER FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 178
TABLE 106 OTHER FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 179
TABLE 107 NORTH AMERICA: OTHER FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 179
TABLE 108 NORTH AMERICA: OTHER FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 179
TABLE 109 EUROPE: OTHER FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 180
TABLE 110 EUROPE: OTHER FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 180
TABLE 111 ASIA PACIFIC: OTHER FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY/REGION, 2017–2021 (USD MILLION) 181
TABLE 112 ASIA PACIFIC: OTHER FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY/REGION, 2022–2027 (USD MILLION) 181
TABLE 113 SOUTH AMERICA: OTHER FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 181
TABLE 114 SOUTH AMERICA: OTHER FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 182
TABLE 115 ROW: OTHER FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 182
TABLE 116 ROW: OTHER FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 182
8 FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET, BY OPERATION TYPE 183
8.1 INTRODUCTION 184
FIGURE 52 AUTOMATIC EQUIPMENT IS PROJECTED TO GROW AT A HIGHER CAGR BETWEEN 2022 & 2027 (USD MILLION) 184
TABLE 117 FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY OPERATION TYPE, 2017–2021 (USD MILLION) 185
TABLE 118 FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY OPERATION TYPE, 2022–2027 (USD MILLION) 185
8.2 COVID-19 IMPACT ON THE FRUIT & VEGETABLE PROCESSING MARKET, BY OPERATION TYPE 185
TABLE 119 OPTIMISTIC SCENARIO: FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY OPERATION TYPE, 2018–2021 (USD MILLION) 185
TABLE 120 REALISTIC SCENARIO: FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY OPERATION TYPE, 2018–2021 (USD MILLION) 185
TABLE 121 PESSIMISTIC SCENARIO: FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY OPERATION TYPE, 2018–2021 (USD MILLION) 186
8.3 AUTOMATIC 186
8.3.1 ACCURACY, TIME-SAVING, AND EFFICIENCY TO DRIVE AUTOMATION 186
TABLE 122 AUTOMATIC FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY EQUIPMENT TYPE, 2017–2021 (USD MILLION) 187
TABLE 123 AUTOMATIC FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION) 187
TABLE 124 AUTOMATIC FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 188
TABLE 125 AUTOMATIC FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 188
8.4 SEMI-AUTOMATIC 188
8.4.1 LOWER INSTALLATION AND MAINTENANCE COSTS FUEL THE MARKET IN DEVELOPING COUNTRIES 188
TABLE 126 SEMI-AUTOMATIC FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY EQUIPMENT TYPE, 2017–2021 (USD MILLION) 189
TABLE 127 SEMI-AUTOMATIC FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION) 189
TABLE 128 SEMI-AUTOMATIC FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 190
TABLE 129 SEMI-AUTOMATIC FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 190
9 PROCESSED FRUITS & VEGETABLES MARKET, BY TYPE 191
9.1 INTRODUCTION 192
FIGURE 53 PROCESSED VEGETABLES ARE PROJECTED TO DOMINATE THE MARKET THROUGH 2027 (USD MILLION) 193
TABLE 130 PROCESSED FRUITS & VEGETABLES MARKET SIZE, BY TYPE, 2017–2021 (USD MILLION) 193
TABLE 131 PROCESSED FRUITS & VEGETABLES MARKET SIZE, BY TYPE, 2022–2027 (USD MILLION) 193
TABLE 132 PROCESSED FRUITS MARKET SIZE, BY SUBTYPE, 2017–2021 (USD MILLION) 194
TABLE 133 PROCESSED FRUITS MARKET SIZE, BY SUBTYPE, 2022–2027 (USD MILLION) 194
TABLE 134 PROCESSED FRUITS & VEGETABLES MARKET SIZE, BY TYPE, 2017–2021 (MT) 194
TABLE 135 PROCESSED FRUITS & VEGETABLES MARKET SIZE, BY TYPE, 2022–2027 (MT) 195
9.2 COVID-19 IMPACT ON THE PROCESSED FRUITS & VEGETABLES MARKET, BY TYPE 195
TABLE 136 OPTIMISTIC SCENARIO: PROCESSED FRUITS & VEGETABLES MARKET SIZE, BY TYPE, 2018–2022 (USD MILLION) 195
TABLE 137 REALISTIC SCENARIO: PROCESSED FRUITS & VEGETABLES MARKET SIZE, BY TYPE, 2018–2022 (USD MILLION) 195
TABLE 138 PESSIMISTIC SCENARIO: PROCESSED FRUITS & VEGETABLES MARKET SIZE, BY TYPE, 2018–2022 (USD MILLION) 196
9.3 FRUITS 196
9.3.1 HEALTH BENEFITS AND COMPETITIVE PRICES OF PROCESSED PRODUCTS TO BE KEY MARKET INFLUENCERS 196
TABLE 139 PROCESSED FRUITS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 197
TABLE 140 PROCESSED FRUITS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 197
TABLE 141 PROCESSED FRUITS MARKET SIZE, BY REGION, 2017–2021 (MT) 197
TABLE 142 PROCESSED FRUITS MARKET SIZE, BY REGION, 2022–2027 (MT) 198
9.3.2 BERRIES 198
9.3.2.1 Versatility of use ranging from salads to convenience food keeps berries in demand 198
TABLE 143 PROCESSED BERRIES MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 198
TABLE 144 PROCESSED BERRIES MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 199
9.3.3 PITS 199
9.3.3.1 Increase in parental preference for pits as healthy snacking option for kids 199
TABLE 145 PROCESSED PITS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 199
TABLE 146 PROCESSED PITS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 200
9.3.4 CORE FRUITS 200
9.3.4.1 Asia Pacific to drive demand for core fruits in the future 200
TABLE 147 PROCESSED CORE FRUITS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 200
TABLE 148 PROCESSED CORE FRUITS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 201
9.3.5 CITRUS 201
9.3.5.1 Increased demand for vitamin C-rich fruits due to COVID-19 201
TABLE 149 PROCESSED CITRUS FRUITS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 202
TABLE 150 PROCESSED CITRUS FRUITS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 202
9.3.6 MELONS 202
9.3.6.1 Year-round availability and added health benefits to drive segment 202
TABLE 151 PROCESSED MELONS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 203
TABLE 152 PROCESSED MELONS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 203
9.3.7 TROPICAL FRUITS 203
9.3.7.1 Immunity-building fruits in demand after COVID-19 outbreak 203
TABLE 153 PROCESSED TROPICAL FRUITS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 204
TABLE 154 PROCESSED TROPICAL FRUITS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 204
9.4 VEGETABLES 205
9.4.1 HEALTH CONSCIOUSNESS & GROWING VEGAN POPULATION DRIVE VEGETABLE DEMAND 205
TABLE 155 PROCESSED VEGETABLES MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 205
TABLE 156 PROCESSED VEGETABLES MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 206
TABLE 157 PROCESSED VEGETABLES MARKET SIZE, BY REGION, 2017–2021 (MT) 206
TABLE 158 PROCESSED VEGETABLES MARKET SIZE, BY REGION, 2022–2027 (MT) 206
9.5 OTHER TYPES 207
TABLE 159 OTHER PROCESSED FRUIT & VEGETABLE TYPES MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 207
TABLE 160 OTHER PROCESSED FRUIT & VEGETABLE TYPES MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 207
TABLE 161 OTHER PROCESSED FRUIT & VEGETABLE TYPES MARKET SIZE, BY REGION, 2017–2021 (MT) 208
TABLE 162 OTHER PROCESSED FRUIT & VEGETABLE TYPES MARKET SIZE, BY REGION, 2022–2027 (MT) 208
10 PROCESSED FRUITS & VEGETABLES MARKET, BY PRODUCT TYPE 209
10.1 INTRODUCTION 210
FIGURE 54 FRESH FRUITS & VEGETABLES TO DOMINATE THE PROCESSED MARKET THROUGH 2027 (USD MILLION) 210
TABLE 163 PROCESSED FRUITS & VEGETABLES MARKET SIZE, BY PRODUCT TYPE, 2017–2021 (USD MILLION) 211
TABLE 164 PROCESSED FRUITS & VEGETABLES MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (USD MILLION) 211
TABLE 165 PROCESSED FRUITS & VEGETABLES MARKET SIZE, BY PRODUCT TYPE, 2017–2021 (MT) 211
TABLE 166 PROCESSED FRUITS & VEGETABLES MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (MT) 212
10.2 COVID-19 IMPACT ON THE PROCESSED FRUITS & VEGETABLES MARKET, BY PRODUCT TYPE 212
TABLE 167 OPTIMISTIC SCENARIO: PROCESSED FRUITS & VEGETABLES MARKET SIZE, BY PRODUCT TYPE, 2018–2022 (USD MILLION) 212
TABLE 168 REALISTIC SCENARIO: PROCESSED FRUITS & VEGETABLES MARKET SIZE, BY PRODUCT TYPE, 2018–2022 (USD MILLION) 213
TABLE 169 PESSIMISTIC SCENARIO: PROCESSED FRUITS & VEGETABLES MARKET SIZE, BY PRODUCT TYPE, 2018–2022 (USD MILLION) 213
10.3 FRESH 213
10.3.1 INCREASED CONSUMPTION OF FRESH PRODUCE DUE TO DIETARY CHANGES INDUCED BY COVID-19 213
TABLE 170 FRESH FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 214
TABLE 171 FRESH FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 214
TABLE 172 FRESH FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2017–2021 (MT) 214
TABLE 173 FRESH FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2022–2027 (MT) 215
10.4 FRESH-CUT 215
10.4.1 SINGLE-SERVE FRESH-CUT PRODUCE TO BE PREFERRED MORE 215
TABLE 174 FRESH-CUT FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 216
TABLE 175 FRESH-CUT FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 216
TABLE 176 FRESH-CUT FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2017–2021 (MT) 216
TABLE 177 FRESH-CUT FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2022–2027 (MT) 217
10.5 CANNED 217
10.5.1 CANNED FRUITS DIPPED IN NATURAL JUICE INSTEAD OF SUGAR SYRUP TO GAIN CONSUMER PREFERENCE 217
TABLE 178 CANNED FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 218
TABLE 179 CANNED FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 218
TABLE 180 CANNED FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2017–2021 (MT) 218
TABLE 181 CANNED FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2022–2027 (MT) 219
10.6 FROZEN 219
10.6.1 ALL-SEASON AVAILABILITY AND LACK OF PRESERVATIVE USE TO INCREASE DEMAND FOR FROZEN FOODS 219
TABLE 182 FROZEN FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 220
TABLE 183 FROZEN FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 220
TABLE 184 FROZEN FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2017–2021 (MT) 220
TABLE 185 FROZEN FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2022–2027 (MT) 221
10.7 DRIED & DEHYDRATED 221
10.7.1 NEED FOR BETTER SHELF-LIFE WILL INCREASE DEMAND IN DEVELOPING COUNTRIES 221
TABLE 186 DRIED & DEHYDRATED FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 222
TABLE 187 DRIED & DEHYDRATED FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 222
TABLE 188 DRIED & DEHYDRATED FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2017–2021 (MT) 222
TABLE 189 DRIED & DEHYDRATED FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2022–2027 (MT) 223