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Probiotics Market by Application (Functional Food & Beverages (Dairy Products, Non-dairy Beverages, Infant Formula, Cereals), Dietary Supplements, Fee...

Publisher:        MarketsandMarkets

# of Pages:        257

Rating: 

1 User License $4,950

Publication Date:  July, 2021

Price:       $4,950 / User License




1 INTRODUCTION 24
1.1 OBJECTIVES OF THE STUDY 24
1.2 MARKET DEFINITION 24
1.3 MARKET SCOPE 25
FIGURE 1 PROBIOTICS MARKET SEGMENTATION 25
1.4 INCLUSIONS AND EXCLUSIONS 25
FIGURE 2 PROBIOTICS: GEOGRAPHIC SEGMENTATION 26
1.5 PERIODIZATION CONSIDERED 26
1.6 CURRENCY CONSIDERED 27
TABLE 1 USD EXCHANGE RATES CONSIDERED, 2018–2020 27
1.7 STAKEHOLDERS 27
1.8 SUMMARY OF CHANGES 28
2 RESEARCH METHODOLOGY 29
2.1 RESEARCH DATA 29
FIGURE 3 PROBIOTICS MARKET: RESEARCH DESIGN 29
2.1.1 SECONDARY DATA 30
2.1.1.1 Key data from secondary sources 30
2.1.2 PRIMARY DATA 31
2.1.2.1 Key data from primary sources 31
2.1.2.2 Breakdown of primary profiles 32
2.1.2.3 Key industry insights 33
2.2 MARKET SIZE ESTIMATION 33
2.2.1 TOP-DOWN 33
2.2.2 BOTTOM-UP 34
2.3 DATA TRIANGULATION 35
FIGURE 4 DATA TRIANGULATION METHODOLOGY 35
2.3.1 SUPPLY SIDE 36
2.3.2 DEMAND SIDE 36
2.4 RESEARCH ASSUMPTIONS 37
2.5 RESEARCH LIMITATIONS & ASSOCIATED RISKS 38
2.6 MARKET SCENARIOS CONSIDERED FOR THE IMPACT OF COVID-19 38
2.6.1 SCENARIO-BASED MODELLING 39
2.7 COVID-19 HEALTH ASSESSMENT 39
FIGURE 5 COVID-19: GLOBAL PROPAGATION 39
FIGURE 6 COVID-19 PROPAGATION: SELECT COUNTRIES 40
2.8 COVID-19 ECONOMIC ASSESSMENT 41
FIGURE 7 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020 41
2.8.1 COVID-19 ECONOMIC IMPACT: SCENARIO ASSESSMENT 42
FIGURE 8 CRITERIA IMPACTING THE GLOBAL ECONOMY 42
FIGURE 9 SCENARIOS IN TERMS OF RECOVERY OF THE GLOBAL ECONOMY 43
3 EXECUTIVE SUMMARY 45
FIGURE 10 THE FOOD & BEVERAGES SEGMENT TO DOMINATE THE PROBIOTICS MARKET, BY APPLICATION, 2021 VS. 2026 (USD BILLION) 46
FIGURE 11 THE HUMAN SEGMENT TO DOMINATE THE PROBIOTICS MARKET, BY END USER, 2021 VS. 2026 (USD BILLION) 47
FIGURE 12 THE LIQUID SEGMENT TO DOMINATE THE PROBIOTICS MARKET, BY FORM, 2021 VS. 2026 (USD BILLION) 48
FIGURE 13 THE BACTERIA SEGMENT TO DOMINATE THE PROBIOTICS MARKET, BY INGREDIENT, 2021 VS. 2026 (USD BILLION) 49
FIGURE 14 ASIA PACIFIC TO BE THE LARGEST REGION IN THE PROBIOTICS MARKET, 2021–2026 50
4 PREMIUM INSIGHTS 51
4.1 ATTRACTIVE OPPORTUNITIES IN THE PROBIOTICS MARKET 51
FIGURE 15 BENEFITS ASSOCIATED WITH PROBIOTICS FUEL THE MARKET DEMAND 51
4.2 PROBIOTICS MARKET SIZE, BY REGION 51
FIGURE 16 PROBIOTICS MARKET SIZE, BY REGION, 2021 VS. 2026 (USD BILLION) 51
4.3 PROBIOTICS MARKET, BY APPLICATION, 2021 VS. 2026 52
FIGURE 17 THE FOOD & BEVERAGES SEGMENT TO ACCOUNT FOR THE LARGEST MARKET SIZE THROUGH 2026 52
4.4 PROBIOTICS MARKET SHARE, BY FORM, 2021 VS. 2026 52
FIGURE 18 THE LIQUID SEGMENT TO DOMINATE THE PROBIOTICS MARKET,
2021 VS. 2026 52
4.5 PROBIOTICS MARKET, BY END USER, 2021–2026 53
FIGURE 19 THE HUMAN SEGMENT TO DOMINATE THE PROBIOTICS MARKET
FROM 2021 TO 2026 53
4.6 PROBIOTICS MARKET, BY INGREDIENT, 2021 53
FIGURE 20 THE BACTERIA SEGMENT DOMINATED THE PROBIOTICS MARKET IN 2021 53
4.7 PROBIOTICS MARKET: MAJOR REGIONAL SUBMARKETS 54
FIGURE 21 AUSTRALIA & NEW ZEALAND TO GROW AT THE HIGHEST CAGR
DURING THE FORECAST PERIOD 54
4.8 COVID-19 IMPACT ON THE PROBIOTICS MARKET 54
FIGURE 22 PRE- & POST-COVID SCENARIOS IN THE PROBIOTICS MARKET 54
5 MARKET OVERVIEW 55
5.1 INTRODUCTION 55
5.2 MARKET DYNAMICS 56
5.2.1 DRIVERS 56
5.2.1.1 Health benefits associated with probiotic-fortified foods 56
FIGURE 23 GLOBAL YOGURT MARKET, 2013–2017 57
5.2.1.2 Increasing popularity of probiotic dietary supplements 57
FIGURE 24 GLOBAL DIETARY SUPPLEMENTS DEMAND FORECAST, 2016 VS. 2021 57
5.2.1.3 Participation of international bodies in R&D of probiotic products 58
5.2.1.4 Rising health consciousness among consumers 58
5.2.1.5 Technological advancements in probiotic products 58
5.2.1.6 Market competitiveness in the probiotics market 59
5.2.2 RESTRAINTS 59
5.2.2.1 International quality standards and regulations for probiotic products 59
5.2.2.2 High R&D costs for developing new probiotic strains 60
5.2.2.3 Instances of allergies to some probiotic supplements 60
5.2.3 OPPORTUNITIES 60
5.2.3.1 Probiotics can replace pharmaceutical agents 60
5.2.3.2 Ban on the use of antibiotic growth promoters in feed in the EU 61
5.2.3.3 Increase in demand for probiotics in developed economies 61
5.2.3.4 Change in consumption pattern with the growing incidence of chronic diseases 61
FIGURE 25 CHRONIC DISEASES WERE AMONG THE TOP TEN CAUSES OF DEATH WORLDWIDE ACROSS ALL AGES, 2016 62
5.2.3.5 Rising consumer awareness related to value-added products 62
5.2.4 CHALLENGES 63
5.2.4.1 Complexities in integrating probiotics in functional foods 63
5.2.4.2 Intolerance of probiotics to stomach acid and bile 63
6 INDUSTRY TRENDS 64
6.1 INTRODUCTION 64
6.2 SUPPLY CHAIN 64
FIGURE 26 THE STRAIN DEVELOPMENT AND DISTRIBUTION PHASE PLAYS A VITAL ROLE IN THE VALUE ADDITION OF THE SUPPLY CHAIN FOR PROBIOTICS 64
6.3 TECHNOLOGY ANALYSIS 65
6.3.1 INDICATION-SPECIFIC FORMULATIONS TO IMPROVE METABOLIC ACTIVITY OF MICROBES 65
6.3.2 MICROENCAPSULATION TO ENHANCE VIABILITY OF PROBIOTICS 65
6.3.3 PROBIOTICS AND ARTIFICIAL INTELLIGENCE 65
6.4 PRICING ANALYSIS: PROBIOTICS MARKET 66
6.5 ECOSYSTEM OF PROBIOTICS 66
6.5.1 PROBIOTICS MARKET: ECOSYSTEM MAP 66
TABLE 2 PROBIOTICS MARKET: ECOSYSTEM 67
6.6 YC-YCC SHIFT: TRENDS/DISRUPTIONS IMPACTING THE CUSTOMER’S BUSINESS 67
FIGURE 27 REVENUE SHIFT FOR THE PROBIOTICS MARKET 68
6.7 PORTER’S FIVE FORCES ANALYSIS 68
6.7.1 PROBIOTICS MARKET: PORTER’S FIVE FORCES ANALYSIS 68
6.7.2 THREAT OF NEW ENTRANTS 69
6.7.3 THREAT OF SUBSTITUTES 69
6.7.4 BARGAINING POWER OF SUPPLIERS 69
6.7.5 BARGAINING POWER OF BUYERS 69
6.7.6 INTENSITY OF COMPETITIVE RIVALRY 70
6.8 REGULATORY FRAMEWORK 70
6.8.1 NORTH AMERICA 70
6.8.1.1 United States 70
6.8.1.2 Canada 70
6.8.2 EUROPE 71
6.8.3 ASIA PACIFIC 71
6.8.3.1 Japan 71
6.8.3.2 Australia & New Zealand 71
6.8.3.3 India 72
6.8.4 SOUTH AMERICA 72
6.8.4.1 Brazil 72
6.9 PATENT ANALYSIS 73
FIGURE 28 TOP PUBLICATION YEAR 73
FIGURE 29 TOP TEN APPLICANTS IN THE LAST TEN YEARS 73
TABLE 3 SOME OF THE PATENTS PERTAINING TO PROBIOTICS, 2019–2021 74
6.10 CASE STUDIES 77
TABLE 4 INCREASING ISSUES OF OBESITY CREATE A MARKET FOR INNOVATIVE SOLUTIONS 77
TABLE 5 SAFETY ASSESSMENT AND CERTIFICATION DEMAND BY INDUSTRY PLAYERS TO ENSURE TRANSPARENCY 77
6.11 COVID-19 IMPACT ANALYSIS 77
7 PROBIOTICS MARKET, BY DISTRIBUTION CHANNEL 78
7.1 INTRODUCTION 78
7.1.1 HYPERMARKETS/SUPERMARKETS 78
7.1.1.1 High-growth prospects for probiotic manufacturers in Asia Pacific 78
7.1.2 PHARMACIES/DRUGSTORES 78
7.1.2.1 In the United States, the demand for dietary supplements will increase amid the rise in the old age population 78
7.1.3 SPECIALTY STORES 79
7.1.3.1 Specialty stores provide a variety of probiotic dietary supplements to various categories of people 79
7.1.4 ONLINE 79
7.1.4.1 Online shopping to gain consumer interest in the coming years 79
8 PROBIOTICS MARKET, BY INGREDIENT 80
8.1 INTRODUCTION 81
TABLE 6 DIVERSITY OF PROBIOTICS 82
TABLE 7 HEALTH BENEFITS OF PROBIOTIC MICROORGANISMS 82
FIGURE 30 PROBIOTICS MARKET SIZE, BY INGREDIENT, 2021 VS. 2026 (USD BILLION) 84
TABLE 8 PROBIOTICS MARKET SIZE, BY INGREDIENT, 2016–2020 (USD BILLION) 84
TABLE 9 PROBIOTICS MARKET SIZE, BY INGREDIENT, 2021–2026 (USD BILLION) 84
8.2 BACTERIA 85
8.2.1 BACTERIA PLAYS A MAJOR ROLE IN BUILDING IMMUNITY AMONG PEOPLE 85
TABLE 10 BACTERIA MARKET SIZE, BY REGION, 2016–2020 (USD BILLION) 85
TABLE 11 BACTERIA MARKET SIZE, BY REGION, 2021–2026 (USD BILLION) 86
8.2.2 LACTOBACILLI 86
8.2.2.1 Lactobacillus acidophilus 86
8.2.2.2 Lactobacillus rhamnosus 87
8.2.2.3 Lactobacillus casei 87
8.2.2.4 Lactobacillus reuteri 87
8.2.3 BIFIDOBACTERIUM 87
8.2.4 STREPTOCOCCUS THERMOPHILUS 88
8.3 YEAST 88
8.3.1 PROBIOTICS ARE WIDELY USED FOR SEVERAL THERAPEUTIC PURPOSES 88
TABLE 12 YEAST MARKET SIZE, BY REGION, 2016–2020 (USD BILLION) 89
TABLE 13 YEAST MARKET SIZE, BY REGION, 2021–2026 (USD BILLION) 89
TABLE 14 BENEFICIAL EFFECTS OF YEAST 90
8.3.2 SACCHAROMYCES BOULARDII 91
9 PROBIOTICS MARKET, BY APPLICATION 92
9.1 INTRODUCTION 93
FIGURE 31 GLOBAL PROBIOTICS MARKET SIZE, 2021 VS. 2026 (USD BILLION) 93
TABLE 15 PROBIOTICS MARKET SIZE, BY APPLICATION, 2016–2020 (USD BILLION) 93
TABLE 16 PROBIOTICS MARKET SIZE, BY APPLICATION, 2021–2026 (USD BILLION) 94
TABLE 17 PROBIOTICS MARKET SIZE, BY APPLICATION, 2016–2020 (KT) 94
TABLE 18 PROBIOTICS MARKET SIZE, BY APPLICATION, 2021–2026 (KT) 94
9.2 FUNCTIONAL FOOD & BEVERAGES 95
TABLE 19 FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY REGION,
2016–2020 (USD BILLION) 95
TABLE 20 FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY REGION,
2021–2026 (USD BILLION) 95
TABLE 21 FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY PRODUCT,
2016–2020 (USD BILLION) 96
TABLE 22 FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY PRODUCT,
2021–2026 (USD BILLION) 96
9.2.1 DAIRY PRODUCTS 96
9.2.1.1 Yogurt is one of the conventionally used probiotics in dairy products 96
TABLE 23 DAIRY: PROBIOTICS MARKET SIZE, BY REGION, 2016–2020 (USD BILLION) 97
TABLE 24 DAIRY: PROBIOTICS MARKET SIZE, BY REGION, 2021–2026 (USD BILLION) 97
9.2.2 NON-DAIRY BEVERAGES 97
9.2.2.1 An increase in lactose-intolerant consumers drives the market for non-dairy probiotic beverages 97
TABLE 25 NON-DAIRY BEVERAGES: PROBIOTICS MARKET SIZE, BY REGION,
2016–2020 (USD BILLION) 98
TABLE 26 NON-DAIRY BEVERAGES: PROBIOTICS MARKET SIZE, BY REGION,
2021–2026 (USD BILLION) 98
9.2.3 INFANT FORMULA 98
9.2.3.1 Nestle and other key players are involved in the production of infant formula probiotics boosting the segment’s growth 98
TABLE 27 INFANT FORMULA: PROBIOTICS MARKET SIZE, BY REGION,
2016–2020 (USD BILLION) 99
TABLE 28 INFANT FORMULA: PROBIOTICS MARKET SIZE, BY REGION,
2021–2026 (USD BILLION) 99
9.2.4 CEREALS 100
9.2.4.1 The potential of developing countries being influenced by Western eating habits is now considered by the leading companies 100
TABLE 29 CEREALS: PROBIOTICS MARKET SIZE, BY REGION,
2016–2020 (USD BILLION) 100
TABLE 30 CEREALS: PROBIOTICS MARKET SIZE, BY REGION,
2021–2026 (USD BILLION) 101
9.2.5 OTHER APPLICATIONS 101
TABLE 31 OTHERS: PROBIOTICS MARKET SIZE, BY REGION, 2016–2020 (USD BILLION) 101
TABLE 32 OTHERS: PROBIOTICS MARKET SIZE, BY REGION, 2021–2026 (USD BILLION) 102
9.3 DIETARY SUPPLEMENTS 102
9.3.1 DIETARY SUPPLEMENTS ARE AN ALTERNATIVE TO FULFILL THE DIET DEFICIENCIES 102
TABLE 33 DIETARY SUPPLEMENTS MARKET SIZE, BY REGION,
2016–2020 (USD BILLION) 102
TABLE 34 DIETARY SUPPLEMENTS MARKET SIZE, BY REGION,
2021–2026 (USD BILLION) 103
9.4 FEED 103
9.4.1 THE MARKET FOR PROBIOTICS IN FEED IS HIGHLY AFFECTED BY THE INCREASED DEMAND FOR QUALITY ANIMAL PRODUCTS 103
TABLE 35 FEED MARKET SIZE, BY REGION, 2016–2020 (USD BILLION) 104
TABLE 36 FEED MARKET SIZE, BY REGION, 2021–2026 (USD BILLION) 104
10 PROBIOTICS MARKET, BY END USER 105
10.1 INTRODUCTION 106
FIGURE 32 GLOBAL POULTRY PRODUCTION, 2016–2018 (BILLION METRIC TONS) 106
FIGURE 33 THE HUMAN SEGMENT PROJECTED TO DOMINATE THE PROBIOTICS MARKET FROM 2021 TO 2026 (USD BILLION) 107
TABLE 37 PROBIOTICS MARKET SIZE, BY END USER, 2016–2020 (USD BILLION) 107
TABLE 38 PROBIOTICS MARKET SIZE, BY END USER, 2021–2026 (USD BILLION) 107
10.2 HUMAN 108
10.2.1 POPULAR SOURCES OF PROBIOTICS, SUCH AS YOGURT, HAVE GAINED TRACTION ACROSS ASIA PACIFIC 108
TABLE 39 PROBIOTICS MARKET SIZE FOR HUMANS, BY REGION,
2016–2020 (USD BILLION) 108
TABLE 40 PROBIOTICS MARKET SIZE FOR HUMANS, BY REGION,
2021–2026 (USD BILLION) 108
 
10.3 ANIMAL 109
10.3.1 BAN ON SYNTHETIC ANTIBIOTICS TO BOOST THE PROBIOTICS MARKET
IN FEED 109
TABLE 41 BENEFITS ASSOCIATED WITH THE ADMINISTRATION OF PROBIOTICS
IN ANIMAL FEED 109
TABLE 42 PROBIOTICS MARKET SIZE FOR ANIMALS, BY REGION,
2016–2020 (USD BILLION) 110
TABLE 43 PROBIOTICS MARKET SIZE FOR ANIMALS, BY REGION,
2021–2026 (USD BILLION) 110
11 PROBIOTICS MARKET, BY FORM 111
11.1 INTRODUCTION 112
FIGURE 34 BATCH PROCESS OF THE PRODUCTION OF LIQUID & DRY PROBIOTICS 113
FIGURE 35 THE LIQUID PROBIOTICS SEGMENT TO DOMINATE THE MARKET FROM 2021 TO 2026 (USD BILLION) 113
TABLE 44 PROBIOTICS MARKET SIZE, BY FORM, 2016–2020 (USD BILLION) 114
TABLE 45 PROBIOTICS MARKET SIZE, BY FORM, 2021–2026 (USD BILLION) 114
11.2 DRY 114
11.2.1 DRY PROBIOTICS ARE POPULAR IN THE FEED SPACE DUE TO THEIR ENHANCED SHELF LIFE 114
TABLE 46 DRY PROBIOTICS MARKET SIZE, BY REGION, 2016–2020 (USD BILLION) 115
TABLE 47 DRY PROBIOTICS MARKET SIZE, BY REGION, 2021–2026 (USD BILLION) 115
11.3 LIQUID 115
11.3.1 LIQUID PROBIOTICS A POPULAR CHOICE AMONG KIDS 115
TABLE 48 LIQUID PROBIOTICS MARKET SIZE, BY REGION, 2016–2020 (USD BILLION) 116
TABLE 49 LIQUID PROBIOTICS MARKET SIZE, BY REGION, 2021–2026 (USD BILLION) 116
12 PROBIOTICS MARKET, BY REGION 117
12.1 INTRODUCTION 118
FIGURE 36 PROBIOTICS MARKET SHARE (VALUE), BY KEY COUNTRY/REGION, 2020 118
TABLE 50 PROBIOTICS MARKET SIZE, BY REGION, 2016–2020 (USD BILLION) 119
TABLE 51 PROBIOTICS MARKET SIZE, BY REGION, 2021–2026 (USD BILLION) 119
12.2 NORTH AMERICA 119
TABLE 52 NORTH AMERICA: PROBIOTICS MARKET SIZE, BY COUNTRY,
2016–2020 (USD BILLION) 120
TABLE 53 NORTH AMERICA: PROBIOTICS MARKET SIZE, BY COUNTRY,
2021–2026 (USD BILLION) 120
TABLE 54 NORTH AMERICA: PROBIOTICS MARKET SIZE, BY INGREDIENT,
2016–2020 (USD BILLION) 120
TABLE 55 NORTH AMERICA: PROBIOTICS MARKET SIZE, BY INGREDIENT,
2021–2026 (USD BILLION) 121
TABLE 56 NORTH AMERICA: PROBIOTICS MARKET SIZE, BY FORM,
2016–2020 (USD BILLION) 121
TABLE 57 NORTH AMERICA: PROBIOTICS MARKET SIZE, BY FORM,
2021–2026 (USD BILLION) 121
TABLE 58 NORTH AMERICA: PROBIOTICS MARKET SIZE, BY APPLICATION,
2016–2020 (USD BILLION) 121
TABLE 59 NORTH AMERICA: PROBIOTICS MARKET SIZE, BY APPLICATION,
2021–2026 (USD BILLION) 122
TABLE 60 NORTH AMERICA: PROBIOTICS MARKET SIZE, BY END USER,
2016–2020 (USD BILLION) 122
TABLE 61 NORTH AMERICA: PROBIOTICS MARKET SIZE, BY END USER,
2021–2026 (USD BILLION) 122
TABLE 62 NORTH AMERICA: FOOD & BEVERAGE PROBIOTICS MARKET SIZE,
BY COUNTRY, 2016–2020 (USD BILLION) 123
TABLE 63 NORTH AMERICA: FOOD & BEVERAGE PROBIOTICS MARKET SIZE,
BY COUNTRY, 2021–2026 (USD BILLION) 123
TABLE 64 NORTH AMERICA: DIETARY SUPPLEMENTS PROBIOTICS MARKET SIZE,
BY COUNTRY, 2016–2020 (USD BILLION) 123
TABLE 65 NORTH AMERICA: DIETARY SUPPLEMENTS PROBIOTICS MARKET SIZE,
BY COUNTRY, 2021–2026 (USD BILLION) 124
TABLE 66 NORTH AMERICA: ANIMAL FEED PROBIOTICS MARKET SIZE, BY COUNTRY, 2016–2020 (USD BILLION) 124
TABLE 67 NORTH AMERICA: ANIMAL FEED PROBIOTICS MARKET SIZE, BY COUNTRY, 2021–2026 (USD BILLION) 124
TABLE 68 NORTH AMERICA: FOOD & BEVERAGE IN PROBIOTICS MARKET SIZE,
BY PRODUCT, 2016–2020 (USD BILLION) 125
TABLE 69 NORTH AMERICA: FOOD & BEVERAGE IN PROBIOTICS MARKET SIZE,
BY PRODUCT, 2021–2026 (USD BILLION) 125
12.2.1 UNITED STATES 125
12.2.1.1 Aim to improve digestive health and immunity fueled the growth of probiotics in the US 125
TABLE 70 US: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016–2020 (USD BILLION) 126
TABLE 71 US: PROBIOTICS MARKET SIZE, BY APPLICATION, 2021–2026 (USD BILLION) 126
12.2.2 CANADA 126
12.2.2.1 Probiotic companies offer improved and innovative feed products to facilitate the demand for high-quality products 126
TABLE 72 CANADA: PROBIOTICS MARKET SIZE, BY APPLICATION,
2016–2020 (USD BILLION) 127
TABLE 73 CANADA: PROBIOTICS MARKET SIZE, BY APPLICATION,
2021–2026 (USD BILLION) 127
12.2.3 MEXICO 127
12.2.3.1 Lack of awareness about the health benefits of probiotics to restrict the growth of the market 127
TABLE 74 MEXICO: PROBIOTICS MARKET SIZE, BY APPLICATION,
2016–2020 (USD BILLION) 128
TABLE 75 MEXICO: PROBIOTICS MARKET SIZE, BY APPLICATION,
2021–2026 (USD BILLION) 128
12.3 EUROPE 128
TABLE 76 EUROPE: PROBIOTICS MARKET SIZE, BY COUNTRY,
2016–2020 (USD BILLION) 129
TABLE 77 EUROPE: PROBIOTICS MARKET SIZE, BY COUNTRY,
2021–2026 (USD BILLION) 129
TABLE 78 EUROPE: PROBIOTICS MARKET SIZE, BY INGREDIENT,
2016–2020 (USD BILLION) 129
TABLE 79 EUROPE: PROBIOTICS MARKET SIZE, BY INGREDIENT,
2021–2026 (USD BILLION) 130
TABLE 80 EUROPE: PROBIOTICS MARKET SIZE, BY FORM, 2016–2020 (USD BILLION) 130
TABLE 81 EUROPE: PROBIOTICS MARKET SIZE, BY FORM, 2021–2026 (USD BILLION) 130
TABLE 82 EUROPE: PROBIOTICS MARKET SIZE, BY APPLICATION,
2016–2020 (USD BILLION) 130
TABLE 83 EUROPE :PROBIOTICS MARKET SIZE, BY APPLICATION,
2021–2026 (USD BILLION) 131
TABLE 84 EUROPE: FOOD & BEVERAGE PROBIOTICS MARKET SIZE, BY REGION,
2016–2020 (USD BILLION) 131
TABLE 85 EUROPE: FOOD & BEVERAGE PROBIOTICS MARKET SIZE, BY REGION,
2021–2026 (USD BILLION) 131
TABLE 86 EUROPE: DIETARY SUPPLEMENTS PROBIOTICS MARKET SIZE, BY REGION, 2016–2020 (USD BILLION) 132
TABLE 87 EUROPE: DIETARY SUPPLEMENTS PROBIOTICS MARKET SIZE, BY REGION, 2021–2026 (USD BILLION) 132
TABLE 88 EUROPE: ANIMAL FEED PROBIOTICS MARKET SIZE, BY REGION,
2016–2020 (USD BILLION) 133
TABLE 89 EUROPE: ANIMAL FEED PROBIOTICS MARKET SIZE, BY REGION,
2021–2026 (USD BILLION) 133
TABLE 90 EUROPE: PROBIOTICS MARKET SIZE, BY END USER,
2016–2020 (USD BILLION) 133
TABLE 91 EUROPE: PROBIOTICS MARKET SIZE, BY END USER,
2021–2026 (USD BILLION) 134
TABLE 92 EUROPE: FOOD & BEVERAGE IN PROBIOTICS MARKET SIZE, BY PRODUCT, 2016–2020 (USD BILLION) 134
TABLE 93 EUROPE: FOOD & BEVERAGE IN PROBIOTICS MARKET SIZE, BY PRODUCT, 2021–2026 (USD BILLION) 134
12.3.1 RUSSIA 135
12.3.1.1 Traditional drinks such as kafir to contribute to the growth of the probiotics market in Russia 135
TABLE 94 RUSSIA: PROBIOTICS MARKET SIZE, BY APPLICATION,
2016–2020 (USD BILLION) 135
TABLE 95 RUSSIA: PROBIOTICS MARKET SIZE, BY APPLICATION,
2021–2026 (USD BILLION) 135
12.3.2 UNITED KINGDOM 136
12.3.2.1 Probiotics usage to be extended to various food applications such as snack bars 136
TABLE 96 UK: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016–2020 (USD BILLION) 136
TABLE 97 UK: PROBIOTICS MARKET SIZE, BY APPLICATION, 2021–2026 (USD BILLION) 136
12.3.3 ITALY 137
12.3.3.1 Italy has a huge market in Europe owing to the awareness about the health benefits of probiotics 137
TABLE 98 ITALY: PROBIOTICS MARKET SIZE, BY APPLICATION,
2016–2020 (USD BILLION) 137
TABLE 99 ITALY: PROBIOTICS MARKET SIZE, BY APPLICATION,
2021–2026 (USD BILLION) 137
12.3.4 GERMANY 138
12.3.4.1 Ban on antibiotics to promote growth in the probiotics market for feed 138
TABLE 100 GERMANY: PROBIOTICS MARKET SIZE, BY APPLICATION,
2016–2020 (USD BILLION) 138
TABLE 101 GERMANY: PROBIOTICS MARKET SIZE, BY APPLICATION,
2021–2026 (USD BILLION) 138
12.3.5 SPAIN 139
12.3.5.1 Companies invest in Spain to produce value-added probiotic products 139
TABLE 102 SPAIN: PROBIOTICS MARKET SIZE, BY APPLICATION,
2016–2020 (USD BILLION) 139
TABLE 103 SPAIN: PROBIOTICS MARKET SIZE, BY APPLICATION,
2021–2026 (USD BILLION) 139
12.3.6 REST OF EUROPE 140
TABLE 104 REST OF EUROPE: PROBIOTICS MARKET SIZE, BY APPLICATION,
2016–2020 (USD BILLION) 140
TABLE 105 REST OF EUROPE: PROBIOTICS MARKET SIZE, BY APPLICATION,
2021–2026 (USD BILLION) 140
12.4 ASIA PACIFIC 141
FIGURE 37 ASIA PACIFIC: MARKET SNAPSHOT 142
TABLE 106 ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY COUNTRY,
2016–2020 (USD BILLION) 143
TABLE 107 ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY COUNTRY,
2021–2026 (USD BILLION) 143
TABLE 108 ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY INGREDIENT,
2016–2020 (USD BILLION) 143
TABLE 109 ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY INGREDIENT,
2021–2026 (USD BILLION) 144
TABLE 110 ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY FORM,
2016–2020 (USD BILLION) 144
TABLE 111 ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY FORM,
2021–2026 (USD BILLION) 144
TABLE 112 ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY APPLICATION,
2016–2020 (USD BILLION) 144
TABLE 113 ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY APPLICATION,
2021–2026 (USD BILLION) 145
TABLE 114 ASIA PACIFIC: FOOD & BEVERAGE PROBIOTICS MARKET SIZE, BY REGION, 2016–2020 (USD BILLION) 145
TABLE 115 ASIA PACIFIC: FOOD & BEVERAGE PROBIOTICS MARKET SIZE, BY REGION, 2021–2026 (USD BILLION) 145
TABLE 116 ASIA PACIFIC: DIETARY SUPPLEMENTS PROBIOTICS MARKET SIZE,
BY REGION, 2016–2020 (USD BILLION) 146
TABLE 117 ASIA PACIFIC: DIETARY SUPPLEMENTS PROBIOTICS MARKET SIZE,
BY REGION, 2021–2026 (USD BILLION) 146
TABLE 118 ASIA PACIFIC: ANIMAL FEED PROBIOTICS MARKET SIZE, BY REGION,
2016–2020 (USD BILLION) 146
TABLE 119 ASIA PACIFIC: ANIMAL FEED PROBIOTICS MARKET SIZE, BY REGION,
2021–2026 (USD BILLION) 147
TABLE 120 ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY END USER,
2016–2020 (USD BILLION) 147
TABLE 121 ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY END USER,
2021–2026 (USD BILLION) 147
TABLE 122 ASIA PACIFIC: FOOD & BEVERAGE IN PROBIOTICS MARKET SIZE,
BY PRODUCT, 2016–2020 (USD BILLION) 148
TABLE 123 ASIA PACIFIC: FOOD & BEVERAGE IN PROBIOTICS MARKET SIZE,
BY PRODUCT, 2021–2026 (USD BILLION) 148
12.4.1 CHINA 148
12.4.1.1 China is one of the major markets for probiotics in Asia Pacific 148
TABLE 124 CHINA: PROBIOTICS MARKET SIZE, BY APPLICATION,
2016–2020 (USD BILLION) 149
TABLE 125 CHINA: PROBIOTICS MARKET SIZE, BY APPLICATION,
2021–2026 (USD BILLION) 149
12.4.2 JAPAN 149
12.4.2.1 Yakult Japan adopts various innovative strategies to strengthen the probiotics market in the country 149
TABLE 126 JAPAN: PROBIOTICS MARKET SIZE, BY APPLICATION,
2016–2020 (USD BILLION) 150
TABLE 127 JAPAN: PROBIOTICS MARKET SIZE, BY APPLICATION,
2021–2026 (USD BILLION) 150
12.4.3 SOUTH KOREA 150
12.4.3.1 Multinational players’ penetration in the probiotics industry to boost the market growth 150
TABLE 128 SOUTH KOREA: PROBIOTICS MARKET SIZE, BY APPLICATION,
2016–2020 (USD BILLION) 151
TABLE 129 SOUTH KOREA: PROBIOTICS MARKET SIZE, BY APPLICATION,
2021–2026 (USD BILLION) 151
12.4.4 AUSTRALIA & NEW ZEALAND 151
12.4.4.1 Probiotic products are mainly designed for women and children in this region 151
TABLE 130 AUSTRALIA & NEW ZEALAND: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016–2020 (USD BILLION) 152
TABLE 131 AUSTRALIA & NEW ZEALAND: PROBIOTICS MARKET SIZE, BY APPLICATION, 2021–2026 (USD BILLION) 152
12.4.5 REST OF ASIA PACIFIC 152
TABLE 132 REST OF ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY APPLICATION,
2016–2020 (USD BILLION) 152
TABLE 133 REST OF ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY APPLICATION,
2021–2026 (USD BILLION) 153
12.5 SOUTH AMERICA 153
TABLE 134 SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY COUNTRY,
2016–2020 (USD BILLION) 153
TABLE 135 SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY COUNTRY,
2021–2026 (USD BILLION) 154
TABLE 136 SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY INGREDIENT,
2016–2020 (USD BILLION) 154
TABLE 137 SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY INGREDIENT,
2021–2026 (USD BILLION) 154
TABLE 138 SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY FORM,
2016–2020 (USD BILLION) 154
TABLE 139 SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY FORM,
2021–2026 (USD BILLION) 155
TABLE 140 SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY APPLICATION,
2016–2020 (USD BILLION) 155
TABLE 141 SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY APPLICATION,
2021–2026 (USD BILLION) 155
TABLE 142 SOUTH AMERICA: FOOD & BEVERAGE PROBIOTICS MARKET SIZE,
BY REGION, 2016–2020 (USD BILLION) 156
TABLE 143 SOUTH AMERICA: FOOD & BEVERAGE PROBIOTICS MARKET SIZE,
BY REGION, 2021–2026 (USD BILLION) 156
TABLE 144 SOUTH AMERICA: DIETARY SUPPLEMENTS PROBIOTICS MARKET SIZE,
BY REGION, 2016–2020 (USD BILLION) 156
TABLE 145 SOUTH AMERICA: DIETARY SUPPLEMENTS PROBIOTICS MARKET SIZE,
BY REGION, 2021–2026 (USD BILLION) 157
TABLE 146 SOUTH AMERICA: ANIMAL FEED PROBIOTICS MARKET SIZE, BY REGION, 2016–2020 (USD BILLION) 157
TABLE 147 SOUTH AMERICA: ANIMAL FEED PROBIOTICS MARKET SIZE, BY REGION, 2021–2026 (USD BILLION) 157
TABLE 148 SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY END USER,
2016–2020 (USD BILLION) 158
TABLE 149 SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY END USER,
2021–2026 (USD BILLION) 158
TABLE 150 SOUTH AMERICA: FOOD & BEVERAGE IN PROBIOTICS MARKET SIZE,
BY PRODUCT, 2016–2020 (USD BILLION) 158
TABLE 151 SOUTH AMERICA: FOOD & BEVERAGE IN PROBIOTICS MARKET SIZE,
BY PRODUCT, 2021–2026 (USD BILLION) 159
12.5.1 ARGENTINA 159
12.5.1.1 Probiotic yogurt benefits increase its sales in Argentina 159
TABLE 152 ARGENTINA: PROBIOTICS MARKET SIZE, BY APPLICATION,
2016–2020 (USD BILLION) 159
TABLE 153 ARGENTINA: PROBIOTICS MARKET SIZE, BY APPLICATION,
2021–2026 (USD BILLION) 160
12.5.2 BRAZIL 160
12.5.2.1 Dietary supplement consumption to increase with health awareness 160
TABLE 154 BRAZIL: PROBIOTICS MARKET SIZE, BY APPLICATION,
2016–2020 (USD BILLION) 160
TABLE 155 BRAZIL: PROBIOTICS MARKET SIZE, BY APPLICATION,
2021–2026 (USD BILLION) 161
12.5.3 REST OF SOUTH AMERICA 161
12.5.3.1 Startups to boost the probiotics market without hampering the taste element in foods 161
TABLE 156 REST OF SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016–2020 (USD BILLION) 161
TABLE 157 REST OF SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY APPLICATION, 2021–2026 (USD BILLION) 162
12.6 REST OF THE WORLD 162
TABLE 158 ROW: PROBIOTICS MARKET SIZE, BY COUNTRY, 2016–2020 (USD BILLION) 162
TABLE 159 ROW: PROBIOTICS MARKET SIZE, BY COUNTRY, 2021–2026 (USD BILLION) 163
TABLE 160 ROW: PROBIOTICS MARKET SIZE, BY INGREDIENT,
2016–2020 (USD BILLION) 163
TABLE 161 ROW: PROBIOTICS MARKET SIZE, BY INGREDIENT,
2021–2026 (USD BILLION) 163
TABLE 162 ROW: PROBIOTICS MARKET SIZE, BY FORM, 2016–2020 (USD BILLION) 163
TABLE 163 ROW: PROBIOTICS MARKET SIZE, BY FORM, 2021–2026 (USD BILLION) 164
TABLE 164 ROW: PROBIOTICS MARKET SIZE, BY APPLICATION,
2016–2020 (USD MILLION) 164
TABLE 165 ROW: PROBIOTICS MARKET SIZE, BY APPLICATION,
2021–2026 (USD BILLION) 164
TABLE 166 ROW: PROBIOTICS MARKET SIZE, BY END USER, 2016–2020 (USD BILLION) 164
TABLE 167 ROW: PROBIOTICS MARKET SIZE, BY END USER, 2021–2026 (USD BILLION) 165
TABLE 168 ROW: FOOD & BEVERAGE PROBIOTICS MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 165
TABLE 169 ROW: FOOD & BEVERAGE PROBIOTICS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 165
TABLE 170 ROW: DIETARY SUPPLEMENTS PROBIOTICS MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 165
TABLE 171 ROW: DIETARY SUPPLEMENTS PROBIOTICS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 166
TABLE 172 ROW: ANIMAL FEED PROBIOTICS MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 166
TABLE 173 ROW: ANIMAL FEED PROBIOTICS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 166
TABLE 174 ROW: FOOD & BEVERAGE IN PROBIOTICS MARKET SIZE, BY PRODUCT, 2016–2020 (USD BILLION) 167
TABLE 175 ROW: FOOD & BEVERAGE IN PROBIOTICS MARKET SIZE, BY PRODUCT, 2021–2026 (USD BILLION) 167
12.6.1 MIDDLE EAST 167
12.6.1.1 Demand for quality beef drives the market for probiotic feed 167
TABLE 176 MIDDLE EAST: PROBIOTICS MARKET SIZE, BY APPLICATION,
2016–2020 (USD MILLION) 168
TABLE 177 MIDDLE EAST: PROBIOTICS MARKET SIZE, BY APPLICATION,
2021–2026 (USD MILLION) 168
12.6.2 AFRICA 168
12.6.2.1 Investments to increase in pharmaceutical companies with intra-African trade 168
TABLE 178 AFRICA: PROBIOTICS MARKET SIZE, BY APPLICATION,
2016–2020 (USD MILLION) 169
TABLE 179 AFRICA: PROBIOTICS MARKET SIZE, BY APPLICATION,
2021–2026 (USD MILLION) 169
 
12.6.3 OTHERS IN ROW 169
TABLE 180 OTHERS IN ROW: PROBIOTICS MARKET SIZE, BY APPLICATION,
2016–2020 (USD MILLION) 169
TABLE 181 OTHERS IN ROW: PROBIOTICS MARKET SIZE, BY APPLICATION,
2021–2026 (USD MILLION) 170
13 COMPETITIVE LANDSCAPE 171
13.1 OVERVIEW 171
13.2 MARKET SHARE ANALYSIS, 2020 171
TABLE 182 PROBIOTICS MARKET: DEGREE OF COMPETITION 172
13.3 KEY PLAYER STRATEGIES 173
13.4 REVENUE ANALYSIS OF KEY PLAYERS, 2018-2020 174
FIGURE 38 REVENUE ANALYSIS OF KEY PLAYERS IN THE MARKET,
2018–2020 (USD BILLION) 174
13.5 COVID-19-SPECIFIC COMPANY RESPONSES 175
13.5.1 ADM 175
13.5.2 DUPONT 175
13.5.3 KERRY GROUP 175
13.5.4 NESTLE 175
13.5.5 CHR HANSEN 175
13.6 COMPANY EVALUATION QUADRANT (KEY PLAYERS) 176
13.6.1 STAR 176
13.6.2 PERVASIVE 176
13.6.3 EMERGING LEADERS 176
13.6.4 PARTICIPANTS 176
FIGURE 39 PROBIOTICS MARKET: COMPANY EVALUATION QUADRANT,
2020 (KEY PLAYERS) 177
13.6.5 PRODUCT FOOTPRINT 178
TABLE 183 COMPANY, BY END USER FOOTPRINT 178
TABLE 184 COMPANY, BY APPLICATION FOOTPRINT 179
TABLE 185 COMPANY, BY REGIONAL FOOTPRINT 180
TABLE 186 OVERALL COMPANY FOOTPRINT 181
13.7 STARTUP/SME EVALUATION QUADRANT (STARTUPS/SMES) 182
13.7.1 PROGRESSIVE COMPANIES 182
13.7.2 STARTING BLOCKS 182
13.7.3 RESPONSIVE COMPANIES 182
13.7.4 DYNAMIC COMPANIES 182
FIGURE 40 PROBIOTICS MARKET: STARTUP/SME EVALUATION QUADRANT, 2020 183
13.8 COMPETITIVE SCENARIO AND TRENDS 184
13.8.1 PRODUCT LAUNCHES, DEALS, AND OTHER DEVELOPMENTS 184
TABLE 187 PROBIOTICS MARKET: PRODUCT LAUNCHES, DEALS, AND OTHER DEVELOPMENTS, JUNE 2018–MAY 2021 184
13.8.2 DEALS 185
TABLE 188 PROBIOTICS MARKET: ACQUSITION AND PARTNERSHIP, JUNE 2018 –
MAY 2021 185
13.8.3 OTHERS 186
TABLE 189 PROBIOTICS MARKET: EXPANSION AND INVESTMENT, JUNE 2019 –
JUNE 2021 186
14 COMPANY PROFILES 187
14.1 KEY COMPANIES 187
(Business overview, Products offered, Recent developments, MNM View)*
14.1.1 PROBI AB 187
TABLE 190 PROBI AB: BUSINESS OVERVIEW 187
FIGURE 41 PROBI AB: COMPANY SNAPSHOT 188
TABLE 191 PROBIOTICS MARKET: PARTNERSHIP AND AGREEMENT BY PROBI AG 189
14.1.2 NESTLE 190
TABLE 192 NESTLE: BUSINESS OVERVIEW 190
FIGURE 42 NESTLE: COMPANY SNAPSHOT 191
TABLE 193 PROBIOTICS MARKET: PARTNERSHIP BY NESTLE 192
14.1.3 ARCHER DANIELS MIDLAND COMPANY 194
TABLE 194 ADM: BUSINESS OVERVIEW 194
FIGURE 43 ARCHER DANIELS MIDLAND COMPANY: COMPANY SNAPSHOT 195
TABLE 195 PROBIOTICS MARKET: EXPANSION AND INVESTMENT BY ADM 196
TABLE 196 PROBIOTICS MARKET: ACQUISITION 197
14.1.4 DANONE 198
TABLE 197 DANONE: BUSINESS OVERVIEW 198
FIGURE 44 DANONE: COMPANY SNAPSHOT 199
TABLE 198 PROBIOTICS MARKET: NEW PRODUCT LAUNCHES BY DANONE 200
TABLE 199 PROBIOTICS MARKET: EXPANSION BY DANONE 200
14.1.5 DUPONT 202
TABLE 200 DUPONT: BUSINESS OVERVIEW 202
FIGURE 45 DUPONT: COMPANY SNAPSHOT 203
TABLE 201 PROBIOTICS MARKET: NEW PRODUCT LAUNCHES BY DANISCO 205
14.1.6 YAKULT HONSHA 207
TABLE 202 YAKULT HONSHA: BUSINESS OVERVIEW 207
FIGURE 46 YAKULT HONSHA: COMPANY SNAPSHOT 208
TABLE 203 PROBIOTICS MARKET: EXPANSION BY YAKULT HONSHA 209
14.1.7 GENERAL MILLS 210
TABLE 204 GENERAL MILLS: BUSINESS OVERVIEW 210
FIGURE 47 GENERAL MILLS: COMPANY SNAPSHOT 211
TABLE 205 PROBIOTICS MARKET: PARTNERSHIP BY GENERAL MILLS 212
TABLE 206 PROBIOTICS MARKET: INVESTMENT BY GENERAL MILLS 212
14.1.8 KERRY 213
TABLE 207 KERRY: BUSINESS OVERVIEW 213
FIGURE 48 KERRY: COMPANY SNAPSHOT 214
TABLE 208 PROBIOTICS MARKET: ACQUISITION BY KERRY 215
TABLE 209 PROBIOTICS MARKET: EXPANSION BY KERRY 215
14.1.9 CHR. HANSEN 216
TABLE 210 CHR. HANSEN: BUSINESS OVERVIEW 216
FIGURE 49 CHR. HANSEN: COMPANY SNAPSHOT 217
TABLE 211 PROBIOTICS MARKET: NEW PRODUCT LAUNCHES BY CHR. HANSEN 218
TABLE 212 PROBIOTICS MARKET: ACQUISITION AND PARTNERSHIP BY CHR. HANSEN 219
TABLE 213 PROBIOTICS MARKET: EXPANSION BY CHR. HANSEN 219
14.1.10 BIOGAIA 220
TABLE 214 BIOGAIA: BUSINESS OVERVIEW 220
FIGURE 50 BIOGAIA: COMPANY SNAPSHOT 221
TABLE 215 PROBIOTICS MARKET: NEW PRODUCT LAUNCHES BY BIOGAIA 222
TABLE 216 PROBIOTICS MARKET: EXPANSION BY BIOGAIA 222
TABLE 217 PROBIOTICS MARKET: AGREEMENT AND PARTNERSHIP BY BIOGAIA 222
14.1.11 MORINAGA 224
TABLE 218 MORINAGA: BUSINESS OVERVIEW 224
FIGURE 51 MORINAGA MILK INDUSTRY CO., LTD.: COMPANY SNAPSHOT 225
TABLE 219 PROBIOTICS MARKET: NEW PRODUCT LAUNCHES BY MORINAGA 226
TABLE 220 PROBIOTICS MARKET: EXPANSION BY MORINAGA 226
14.1.12 GLAC BIOTECH 228
TABLE 221 GLAC BIOTEC: BUSINESS OVERVIEW 228
14.1.13 DEERLAND PROBIOTICS & ENZYMES 230
TABLE 222 DEERLAND PROBIOTICS & ENZYMES: BUSINESS OVERVIEW 230
TABLE 223 PROBIOTICS MARKET: ACQUISITION BY DEERLAND PROBIOTICS ENZYMES 231
TABLE 224 PROBIOTICS MARKET: EXPANSION BY DEERLAND PROBIOTICS ENZYMES 231
14.1.14 LALLEMAND 232
TABLE 225 LALLEMAND: BUSINESS OVERVIEW 232
14.1.15 LESAFFRE 234
TABLE 226 LESAFFRE: BUSINESS OVERVIEW 234
TABLE 227 PROBIOTICS MARKET: NEW PRODUCT LAUNCHES BY PHILEO LESAFFRE 235
*Details on Business overview, Products offered, Recent developments, MNM View might not be captured in case of unlisted companies.
14.2 OTHER PLAYERS 236
14.2.1 BIOHM HEALTH 236
TABLE 228 BIOHM HEALTH: COMPANY OVERVIEW 236
14.2.2 SUN GENOMICS 237
TABLE 229 SUN GENOMICS: COMPANY OVERVIEW 237
14.2.3 UNIQUE BIOTECH LTD 238
TABLE 230 UNIQUE BIOTECH LTD: COMPANY OVERVIEW 238
14.2.4 MYSTICAL BIOTECH 239
TABLE 231 MYSTICAL BIOTECH: COMPANY OVERVIEW 239
14.2.5 FOLIUM SCIENCE 240
TABLE 232 FOLIUM SCIENCE: COMPANY OVERVIEW 240

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

Price:       $4,950 / User License




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