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Hydrocolloids Market by Type (Gelatin, Xanthan Gum, Carrageenan, LBG, Alginate, Agar, Pectin, Guar Gum, Gum Arabic, MCC, and CMC), Source (Botanical, ...

Publisher:        MarketsandMarkets

# of Pages:        271

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1 User License $4,950

Publication Date:  November, 2021

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1 INTRODUCTION 26
1.1 OBJECTIVES OF THE STUDY 26
1.2 MARKET DEFINITION 26
1.3 STUDY SCOPE 27
FIGURE 1 HYDROCOLLOIDS MARKET SEGMENTATION 27
1.3.1 INCLUSIONS AND EXCLUSIONS 28
FIGURE 2 REGIONAL SEGMENTATION 29
1.4 PERIODIZATION CONSIDERED 29
1.5 CURRENCY CONSIDERED 30
TABLE 1 USD EXCHANGE RATES, 2016–2020 30
1.6 VOLUME UNIT CONSIDERED 30
1.7 STAKEHOLDERS 31
1.8 SUMMARY OF CHANGES 31
2 RESEARCH METHODOLOGY 33
2.1 RESEARCH DATA 33
FIGURE 3 HYDROCOLLOIDS MARKET: RESEARCH DESIGN 33
2.1.1 SECONDARY DATA 34
2.1.1.1 Key data from secondary sources 34
2.1.2 PRIMARY DATA 34
2.1.2.1 Key industry insights 35
2.1.2.2 Breakdown of Primary Interviews 36
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 36
2.2 MARKET SIZE ESTIMATION 37
FIGURE 5 HYDROCOLLOIDS MARKET SIZE ESTIMATION: SUPPLY SIDE (1/2) 38
FIGURE 6 HYDROCOLLOIDS MARKET SIZE ESTIMATION: SUPPLY SIDE (2/2) 38
FIGURE 7 HYDROCOLLOIDS MARKET SIZE ESTIMATION: DEMAND SIDE 39
2.2.1 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 39
FIGURE 8 HYDROCOLLOIDS MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 40
2.2.2 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 41
FIGURE 9 HYDROCOLLOIDS MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 41
2.3 DATA TRIANGULATION 42
FIGURE 10 DATA TRIANGULATION METHODOLOGY 42
2.4 ASSUMPTIONS FOR THE STUDY 43
2.5 RESEARCH LIMITATIONS & ASSOCIATED RISKS 44
2.6 MARKET SCENARIOS CONSIDERED FOR THE IMPACT OF COVID-19 44
2.6.1 SCENARIO-BASED MODELING 45
2.7 INTRODUCTION TO COVID-19 45
2.8 COVID-19 HEALTH ASSESSMENT 46
FIGURE 11 COVID-19: GLOBAL PROPAGATION 46
FIGURE 12 COVID-19 PROPAGATION: SELECT COUNTRIES 47
2.9 COVID-19 ECONOMIC ASSESSMENT 48
FIGURE 13 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020 48
2.9.1 COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT 49
FIGURE 14 CRITERIA IMPACTING GLOBAL ECONOMY 49
FIGURE 15 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY 50
3 EXECUTIVE SUMMARY 52
FIGURE 16 IMPACT OF COVID-19 ON THE HYDROCOLLOIDS MARKET SIZE, BY SCENARIO, 2020 VS. 2021 (USD BILLION) 52
FIGURE 17 HYDROCOLLOIDS MARKET SIZE, BY TYPE, 2021 VS. 2026 (USD MILLION) 53
FIGURE 18 HYDROCOLLOIDS MARKET SIZE, BY SOURCE, 2021 VS. 2026 (USD MILLION) 54
FIGURE 19 HYDROCOLLOIDS MARKET SHARE (VALUE), BY APPLICATION, 2021 VS. 2026 55
FIGURE 20 HYDROCOLLOIDS MARKET SHARE (VALUE), BY REGION, 2020 56
4 PREMIUM INSIGHTS 57
4.1 ATTRACTIVE OPPORTUNITIES IN THE HYDROCOLLOIDS MARKET 57
FIGURE 21 GROWTH IN DEMAND FOR PREMIUM FOOD & BEVERAGE PRODUCTS TO DRIVE THE HYDROCOLLOIDS MARKET 57
4.2 HYDROCOLLOIDS MARKET, BY TYPE 58
FIGURE 22 GELATIN SEGMENT TO HOLD THE LARGEST MARKET SHARE DURING THE FORECAST PERIOD 58
4.3 HYDROCOLLOIDS MARKET, BY FUNCTION 58
FIGURE 23 THICKENERS SEGMENT TO DOMINATE THE MARKET IN 2020 58
4.4 HYDROCOLLOIDS MARKET, BY APPLICATION & REGION 59
FIGURE 24 NORTH AMERICA TO DOMINATE THE MARKET ACROSS FOOD & BEVERAGES AND COSMETICS & PERSONAL CARE APPLICATIONS IN 2020 59
4.5 NORTH AMERICA: HYDROCOLLOIDS MARKET, BY KEY SOURCE AND COUNTRY 59
FIGURE 25 ANIMAL SEGMENT AND UNITED STATES TO ACCOUNT FOR THE LARGEST SHARES OF THE NORTH AMERICAN MARKET IN 2020 59
4.6 HYDROCOLLOIDS MARKET, BY KEY COUNTRY 60
FIGURE 26 SOUTH AMERICA AND CHINA TO GROW AT HIGH RATES DURING THE FORECAST PERIOD 60
4.7 COVID-19 IMPACT ON THE HYDROCOLLOIDS MARKET 61
FIGURE 27 CHART OF PRE & POST-COVID SCENARIOS IN THE HYDROCOLLOIDS MARKET 61
5 MARKET OVERVIEW 62
5.1 INTRODUCTION 62
5.2 MARKET DYNAMICS 62
FIGURE 28 MARKET DYNAMICS: HYDROCOLLOIDS MARKET 63
5.2.1 DRIVERS 64
5.2.1.1 Multifunctionality of hydrocolloids to lead to their wide range of applications 64
TABLE 2 APPLICATIONS AND FUNCTIONALITIES OF VARIOUS HYDROCOLLOIDS 64
5.2.1.2 Rise in demand for clean-label products due to a rise in health and wellness trend 66
5.2.1.3 Expansion of ready meal and convenience food industry catalyzing food hydrocolloids demand 66
5.2.2 RESTRAINTS 67
5.2.2.1 Stringent regulations and international quality standards 67
5.2.2.2 Inadequate supply of raw materials and price fluctuation 67
5.2.3 OPPORTUNITIES 68
5.2.3.1 Emerging markets in the Asia Pacific and Africa 68
5.2.3.2 Hydrocolloids to replace & reduce other ingredients in food products 68
5.2.3.3 Increase in investments in R&D 69
5.2.4 CHALLENGES 69
5.2.4.1 Intense competition and product rivalry due to similar products 69
5.2.4.2 Unclear labeling to lead to ambiguity and uncertainty 70
5.3 IMPACT OF COVID-19 ON THE MARKET DYNAMICS 70
6 INDUSTRY TRENDS 71
6.1 INTRODUCTION 71
6.2 SUPPLY CHAIN 71
FIGURE 29 PRODUCT DEVELOPMENT AND DISTRIBUTION TO PLAY A VITAL ROLE IN THE VALUE ADDITION OF THE SUPPLY CHAIN FOR HYDROCOLLOIDS 71
6.3 TECHNOLOGY ANALYSIS 72
6.3.1 PROTEIN HYDROLYSIS 72
6.3.2 ALCOHOL PRECIPITATION 72
6.3.3 CROSSLINKING OF POLYSACCHARIDES 73
6.3.4 CO-GELATION 73
6.4 VALUE CHAIN ANALYSIS 73
FIGURE 30 HYDROCOLLOIDS MARKET: VALUE CHAIN 74
6.5 ECOSYSTEM 75
FIGURE 31 MARKET MAP 75
6.5.1 UPSTREAM 75
6.5.2 DOWNSTREAM 75
6.5.2.1 Regulatory bodies 76
6.6 TRENDS/DISRUPTIONS IMPACTING THE CUSTOMER’S BUSINESS 76
FIGURE 32 TRENDS/DISRUPTIONS IMPACTING THE CUSTOMER’S BUSINESS 77
6.7 PORTER’S FIVE FORCES ANALYSIS 78
TABLE 3 HYDROCOLLOIDS MARKET: PORTER’S FIVE FORCES ANALYSIS 78
6.7.1 THREAT OF NEW ENTRANTS 78
6.7.2 THREAT OF SUBSTITUTES 78
6.7.3 BARGAINING POWER OF SUPPLIERS 79
6.7.4 BARGAINING POWER OF BUYERS 79
6.7.5 THREAT OF RIVALS 79
6.8 PATENT ANALYSIS 80
FIGURE 33 NUMBER OF PATENTS GRANTED FOR HYDROCOLLOIDS, 2017–2021 80
FIGURE 34 REGIONAL ANALYSIS OF PATENTS GRANTED IN THE HYDROCOLLOIDS MARKET, 2017–2021 80
TABLE 4 LIST OF A FEW PATENTS IN THE HYDROCOLLOIDS MARKET 81
6.9 CASE STUDIES 83
6.9.1 CASE STUDY 1 83
TABLE 5 FOOD HYDROCOLLOID BATCH-TO-BATCH VARIATION (USA) 83
6.9.2 CASE STUDY 2 84
TABLE 6 ASSESSMENT OF NOVEL FAT REPLACER 84
6.10 TRADE ANALYSIS 84
FIGURE 35 IMPORTED VALUE OF HYDROCOLLOIDS OF TOP FIVE COUNTRIES 84
FIGURE 36 EXPORTED VALUE OF HYDROCOLLOIDS OF TOP FIVE COUNTRIES 85
7 HYDROCOLLOIDS MARKET: REGULATIONS 86
7.1 INTRODUCTION 86
7.2 CODEX ALIMENTARIUS 86
7.3 EUROPEAN COMMISSION 87
TABLE 7 LIST OF HYDROCOLLOIDS USED IN THE FOOD INDUSTRY 88
8 HYDROCOLLOIDS MARKET, BY TYPE 89
8.1 INTRODUCTION 90
FIGURE 37 GELATIN TO LEAD THE HYDROCOLLOIDS MARKET DURING THE FORECAST PERIOD (USD MILLION) 90
TABLE 8 HYDROCOLLOIDS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION) 91
TABLE 9 HYDROCOLLOIDS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 91
TABLE 10 HYDROCOLLOIDS MARKET SIZE, BY TYPE, 2016–2020 (KT) 92
TABLE 11 HYDROCOLLOIDS MARKET SIZE, BY TYPE, 2021–2026 (KT) 92
8.2 COVID-19 IMPACT ON THE HYDROCOLLOIDS MARKET, BY TYPE 93
8.2.1 OPTIMISTIC SCENARIO 93
TABLE 12 OPTIMISTIC SCENARIO: COVID-19 IMPACT ON THE HYDROCOLLOIDS MARKET SIZE, BY TYPE, 2018–2021 (USD MILLION) 93
8.2.2 REALISTIC SCENARIO 94
TABLE 13 REALISTIC SCENARIO: COVID-19 IMPACT ON THE HYDROCOLLOIDS MARKET SIZE, BY TYPE, 2018–2021 (USD MILLION) 94
8.2.3 PESSIMISTIC SCENARIO 94
TABLE 14 PESSIMISTIC SCENARIO: COVID-19 IMPACT ON THE HYDROCOLLOIDS MARKET SIZE, BY TYPE, 2018–2021 (USD MILLION) 94
8.3 GELATIN 95
8.3.1 OF ALL HYDROCOLLOIDS IN USE TODAY, GELATIN HAS PROVEN AS THE MOST POPULAR WITH THE PUBLIC AND IS USED IN A WIDE RANGE OF FOOD 95
TABLE 15 GELATIN: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 95
TABLE 16 GELATIN: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 95
TABLE 17 GELATIN: HYDROCOLLOIDS MARKET SIZE, BY REGION, 2016–2020 (KT) 96
TABLE 18 GELATIN: HYDROCOLLOIDS MARKET SIZE, BY REGION, 2021–2026 (KT) 96
8.4 XANTHAN GUM 96
8.4.1 XANTHAN GUM THICKENS FOOD AND OTHER PRODUCTS AND ALSO PREVENTS INGREDIENTS FROM SEPARATING 96
TABLE 19 XANTHAN GUM: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 97
TABLE 20 XANTHAN GUM: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 97
TABLE 21 XANTHAN GUM: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2016–2020 (KT) 97
TABLE 22 XANTHAN GUM: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2021–2026 (KT) 98
8.5 CARRAGEENAN 98
8.5.1 CARRAGEENAN CAN BE USED AS A GELATIN ALTERNATIVE AND CAN BE USED IN JELLY-BASED PRODUCTS, INCLUDING VEGAN JELLY DESSERTS 98
TABLE 23 CARRAGEENAN: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 98
TABLE 24 CARRAGEENAN: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 99
TABLE 25 CARRAGEENAN: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2016–2020 (KT) 99
TABLE 26 CARRAGEENAN: HYDROCLOOIDS MARKET SIZE, BY REGION,
2021–2026 (KT) 99
8.6 ALGINATES 100
8.6.1 IN THE FOOD INDUSTRY, ALGINATE HAS BEEN USED TO COAT FRUITS AND VEGETABLES AS A MICROBIAL AND VIRAL PROTECTION PRODUCT 100
TABLE 27 ALGINATES: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 100
TABLE 28 ALGINATES: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 100
TABLE 29 ALGINATES: HYDROCOLLOIDS MARKET SIZE, BY REGION, 2016–2020 (KT) 101
TABLE 30 ALGINATES: HYDROCOLLOIDS MARKET SIZE, BY REGION, 2021–2026 (KT) 101
8.7 AGAR 101
8.7.1 AGAR IS INCREASINGLY PREFERRED OVER SYNTHETIC MATERIALS AND ACTS AS AN ALTERNATIVE SOURCE OF RAW MATERIALS FOR PHARMACEUTICAL APPLICATIONS 101
TABLE 31 AGAR: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 102
TABLE 32 AGAR: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 102
TABLE 33 AGAR: HYDROCOLLOIDS MARKET SIZE, BY REGION, 2016–2020 (KT) 102
TABLE 34 AGAR: HYDROCOLLOIDS MARKET SIZE, BY REGION, 2021–2026 (KT) 103
 
8.8 PECTIN 103
8.8.1 BECAUSE OF THE GELLING ABILITY OF PECTIN, IT IS USED AS A VISCOSITY ENHANCER 103
TABLE 35 PECTIN: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 103
TABLE 36 PECTIN: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 104
TABLE 37 PECTIN: HYDROCOLLOIDS MARKET SIZE, BY REGION, 2016–2020 (KT) 104
TABLE 38 PECTIN: HYDROCOLLOIDS MARKET SIZE, BY REGION, 2021–2026 (KT) 104
8.9 GUAR GUM 105
8.9.1 THE USE OF GUAR GUM IS EXPANDING EVERY DAY IN A MYRIAD OF INDUSTRIES BECAUSE OF ITS UNUSUAL NATURAL PROPERTIES 105
TABLE 39 GUAR GUM: HYDROCOLLIODS MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 105
TABLE 40 GUAR GUM: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 105
TABLE 41 GUAR GUM: HYDROCOLLOIDS MARKET SIZE, BY REGION, 2016–2020 (KT) 106
TABLE 42 GUAR GUM: HYDROCOLLOIDS MARKET SIZE, BY REGION, 2021–2026 (KT) 106
8.10 LOCUST BEAN GUM 106
8.10.1 LOCUST BEAN GUM IS HIGH IN FIBER AND MAY HELP DECREASE BLOOD SUGAR AND BLOOD FAT LEVELS 106
TABLE 43 LBG: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 107
TABLE 44 LBG: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 107
TABLE 45 LBG: HYDROCOLLOIDS MARKET SIZE, BY REGION, 2016–2020 (KT) 107
TABLE 46 LBG: HYDROCOLLOIDS MARKET SIZE, BY REGION, 2021–2026 (KT) 108
8.11 GUM ARABIC 108
8.11.1 GUM ARABIC ACTS AS A STABILIZER, WHICH CAN HELP EXTEND A PRODUCT’S SHELF LIFE 108
TABLE 47 GUM ARABIC: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 108
TABLE 48 GUM ARABIC: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 109
TABLE 49 GUM ARABIC: HYDROCCOLLOIDS MARKET SIZE, BY REGION,
2016–2020 (KT) 109
TABLE 50 GUM ARABIC: HYDROCOLLOIDS MARKET SIZE, BY REGION, 2021–2026 (KT) 109
8.12 CARBOXYMETHYL CELLULOSE (CMC) 110
8.12.1 CMC IS A WATER-SOLUBLE GUM THAT HAS BEEN USED FOR OVER HALF A CENTURY AS A THICKENER AND STABILIZER IN FOOD PRODUCTS 110
TABLE 51 CMC: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 110
TABLE 52 CMC: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 110
TABLE 53 CMC: HYDROCOLLOIDS MARKET SIZE, BY REGION, 2016–2020 (KT) 111
TABLE 54 CMC: HYDROCOLLOIDS MARKET SIZE, BY REGION, 2021–2026 (KT) 111
 
8.13 MICROCRYSTALLINE CELLULOSE (MCC) 111
8.13.1 MCC IS AMONG THE MOST COMMONLY USED CELLULOSE DERIVATIVES IN THE FOOD INDUSTRY 111
TABLE 55 MCC: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 112
TABLE 56 MCC: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 112
TABLE 57 MCC: HYDROCOLLOIDS MARKET SIZE, BY REGION, 2016–2020 (KT) 112
TABLE 58 MCC: HYDROCOLLOIDS MARKET SIZE, BY REGION, 2021–2026 (KT) 113
9 HYDROCOLLOIDS MARKET, BY SOURCE 114
9.1 INTRODUCTION 115
FIGURE 38 ANIMAL HYDROCOLLOIDS SEGMENT TO DOMINATE THE HYDROCOLLOIDS MARKET DURING THE FORECAST PERIOD (USD MILLION) 115
TABLE 59 HYDROCOLLOIDS MARKET SIZE, BY SOURCE, 2016–2020 (USD MILLION) 116
TABLE 60 HYDROCOLLOIDS MARKET SIZE, BY SOURCE, 2021–2026 (USD MILLION) 116
9.2 COVID-19 IMPACT ON THE HYDROCOLLOIDS MARKET, BY SOURCE 116
9.2.1 OPTIMISTIC SCENARIO 117
TABLE 61 OPTIMISTIC SCENARIO: COVID-19 IMPACT ON THE HYDROCOLLOIDS MARKET SIZE, BY SOURCE, 2018–2021 (USD MILLION) 117
9.2.2 REALISTIC SCENARIO 117
TABLE 62 REALISTIC SCENARIO: COVID-19 IMPACT ON THE HYDROCOLLOIDS MARKET SIZE, BY SOURCE, 2018–2021 (USD MILLION) 117
9.2.3 PESSIMISTIC SCENARIO 118
TABLE 63 PESSIMISTIC SCENARIO: COVID-19 IMPACT ON THE HYDROCOLLOIDS MARKET SIZE, BY SOURCE, 2018–2021 (USD MILLION) 118
9.3 BOTANICAL 118
9.3.1 BOTANICAL HYDROCOLLOIDS ARE ‘LABEL-FRIENDLY’ AND CONSIDERED A SAFE OPTION AGAINST SYNTHETIC ADDITIVES 118
TABLE 64 BOTANICAL: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 119
TABLE 65 BOTANICAL: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 119
9.4 MICROBIAL 119
9.4.1 ANTIOXIDANTS MICROBIAL POLYSACCHARIDES CAN SERVE AS RENEWABLE SOURCES FOR HYDROCOLLOIDS USED IN FOOD, PHARMACEUTICALS, AND OTHER INDUSTRIAL APPLICATIONS 119
TABLE 66 MICROBIAL: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 120
TABLE 67 MICROBIAL: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 120
9.5 ANIMAL 120
9.5.1 GELATIN FROM ANIMAL-DERIVED COLLAGEN IS A TRADITIONAL HYDROCOLLOID OCCUPYING A MAJOR MARKET SHARE 120
TABLE 68 ANIMAL: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 121
TABLE 69 ANIMAL: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 121
9.6 SEAWEED 121
9.6.1 HIGH-VALUE SEAWEED HYDROCOLLOIDS ARE USED AS THICKENING AGENTS IN DIFFERENT FOOD ITEMS, PHARMACEUTICALS, AND BIOTECHNOLOGICAL APPLICATIONS 121
TABLE 70 SEAWEED: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 122
TABLE 71 SEAWEED: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 122
9.7 SYNTHETIC 122
9.7.1 RESISTANCE TO MICROBIAL DEGRADATION IS A MAJOR ADVANTAGE OF SYNTHETIC HYDROCOLLOIDS OVER NATURAL HYDROCOLLOIDS 122
TABLE 72 SYNTHETIC: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 123
TABLE 73 SYNTHETIC: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 123
10 HYDROCOLLOIDS MARKET, BY FUNCTION 124
10.1 INTRODUCTION 125
FIGURE 39 THICKENERS SEGMENT TO DOMINATE THE HYDROCOLLOIDS MARKET DURING THE FORECAST PERIOD (USD MILLION) 125
TABLE 74 HYDROCOLLOIDS MARKET SIZE, BY FUNCTION, 2016–2020 (USD MILLION) 126
TABLE 75 HYDROCOLLOIDS MARKET SIZE, BY FUNCTION, 2021–2026 (USD MILLION) 126
10.2 THICKENERS 126
10.2.1 AS THICKENING AGENTS, HYDROCOLLOIDS FIND APPLICATIONS IN SOUPS, SALAD DRESSINGS, GRAVIES, SAUCES, AND TOPPINGS 126
TABLE 76 HYDROCOLLOIDS USED AS THICKENING AGENTS 127
TABLE 77 THICKENERS: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 127
TABLE 78 THICKENERS: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 127
10.3 STABILIZERS 128
10.3.1 HYDROCOLLOIDS ACT AS STABILIZERS IN DAIRY PRODUCTS, BEVERAGES, AND DESSERTS 128
TABLE 79 STABILIZERS: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 128
TABLE 80 STABILIZERS: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 128
10.4 GELLING AGENTS 129
10.4.1 HYDROCOLLOID GELATION IS USED IN VARIOUS FOOD APPLICATIONS, AS THESE COMBINE MACROSCOPIC STRUCTURE FORMATION WITH AN ABILITY TO FLOW AND OFTEN HAVE A SOFT SOLID TEXTURE 129
TABLE 81 HYDROCOLLOIDS USED AS GELLING AGENTS 130
TABLE 82 GELLING AGENTS: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 130
TABLE 83 GELLING AGENTS: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 131
10.5 FAT REPLACERS 131
10.5.1 CONSUMERS NOW PREFER EATING REDUCED-FAT PRODUCTS IN THEIR ROUTINE DIET 131
TABLE 84 FAT REPLACERS: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 132
TABLE 85 FAT REPLACERS: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 132
10.6 COATING MATERIALS 132
10.6.1 HYDROCOLLOIDS ARE EXTENSIVELY USED IN EDIBLE FILM-FORMING FUNCTIONS 132
TABLE 86 COATING MATERIALS: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 133
TABLE 87 COATING MATERIALS: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 133
10.7 OTHER FUNCTIONS 133
10.7.1 HYDROCOLLOIDS ARE ALSO GAINING POPULARITY AS EMULSIFIERS AND MOISTURE-BINDING AGENTS IN FOOD APPLICATIONS 133
TABLE 88 OTHER FUNCTIONS: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 134
TABLE 89 OTHER FUNCTIONS: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 134
11 HYDROCOLLOIDS MARKET, BY APPLICATION 135
11.1 INTRODUCTION 136
FIGURE 40 FOOD & BEVERAGES SEGMENT BY APPLICATION TO DOMINATE THE HYDROCOLLOIDS MARKET DURING THE FORECAST PERIOD 136
TABLE 90 HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2016–2020 (USD MILLION) 136
TABLE 91 HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2021–2026 (USD MILLION) 137
TABLE 92 HYDROCOLLOIDS MARKET SIZE, BY APPLICATION, 2016–2020 (KT) 137
TABLE 93 HYDROCOLLOIDS MARKET SIZE, BY APPLICATION, 2021–2026 (KT) 137
11.2 COVID-19 IMPACT ON THE HYDROCOLLOIDS MARKET, BY APPLICATION 138
11.2.1 OPTIMISTIC SCENARIO 138
TABLE 94 OPTIMISTIC SCENARIO: COVID-19 IMPACT ON THE HYDROCOLLOIDS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) 138
11.2.2 REALISTIC SCENARIO 138
TABLE 95 REALISTIC SCENARIO: COVID-19 IMPACT ON THE HYDROCOLLOIDS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) 138
11.2.3 PESSIMISTIC SCENARIO 139
TABLE 96 PESSIMISTIC SCENARIO: COVID-19 IMPACT ON THE HYDROCOLLOIDS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) 139
11.3 FOOD & BEVERAGES 139
11.3.1 HYDROCOLLOIDS CAN PARTIALLY REPLACE FAT BY USING STARCHES DISSOLVED IN WATER THAT CREATE STABLE GELS THAT ALSO ENHANCE VISCOSITY 139
TABLE 97 FOOD & BEVERAGES: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 140
TABLE 98 FOOD & BEVERAGES: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 140
TABLE 99 FOOD & BEVERAGES: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2016–2020 (KT) 140
TABLE 100 FOOD & BEVERAGES: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2021–2026 (KT) 141
11.3.2 BAKERY & CONFECTIONERY 141
11.3.2.1 Hydrocolloids are widely used to improve the quality of bakery products by providing texture, stability, and extended shelf-life 141
11.3.3 MEAT & POULTRY PRODUCTS 141
11.3.3.1 Hydrocolloids improve the cooking yield, texture, and slice characteristics 141
11.3.4 SAUCES & DRESSINGS 142
11.3.4.1 Hydrocolloids are used in many sauces and dressing applications 142
11.3.5 DAIRY PRODUCTS 142
11.3.5.1 Food hydrocolloids are used as stabilizers, thickeners, and gelling agents in various dairy & frozen food products 142
11.3.6 OTHERS 142
11.3.6.1 Hydrocolloids are used in various other applications, such as baby food, beverages, and prepared foods 142
11.4 COSMETICS & PERSONAL CARE PRODUCTS 142
11.4.1 HYDROCOLLOIDS ARE USED IN COSMETICS AND PERSONAL CARE WATER-BASED APPLICATIONS AS VISCOSITY CONTROL AGENTS DUE TO THEIR THICKENING AND GELLING PROPERTIES AND WATER-BINDING ABILITY 142
TABLE 101 COSMETICS & PERSONAL CARE PRODUCTS: HYDROCOLLOIDS MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 143
TABLE 102 COSMETICS & PERSONAL CARE PRODUCTS: HYDROCOLLOIDS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 143
TABLE 103 COSMETICS & PERSONAL CARE PRODUCTS: HYDROCOLLOIDS MARKET SIZE, BY REGION, 2016–2020 (KT) 143
TABLE 104 COSMETICS & PERSONAL CARE PRODUCTS: HYDROCOLLOIDS MARKET SIZE, BY REGION, 2021–2026 (KT) 144
11.5 PHARMACEUTICLAS 144
11.5.1 THE NATURALLY OCCURRING HYDROCOLLOIDS HAVE A WIDE POTENTIAL IN DRUG FORMULATION DUE TO THEIR EXTENSIVE APPLICATION AS FOOD ADDITIVES AND THEIR RECOGNIZED LACK OF TOXICITY 144
TABLE 105 PHARMACEUTICALS: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 145
TABLE 106 PHARMACEUTICALS: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 145
TABLE 107 PHARMACEUTICALS: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2016–2020 (KT) 145
TABLE 108 PHARMACEUTICALS: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2021–2026 (KT) 146
 
12 HYDROCOLLOIDS MARKET, BY REGION 147
12.1 INTRODUCTION 148
TABLE 109 HYDROCOLLOIDS MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 148
TABLE 110 HYDROCOLLOIDS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 148
TABLE 111 HYDROCOLLOIDS MARKET SIZE, BY REGION, 2016–2020 (KT) 149
TABLE 112 HYDROCOLLOIDS MARKET SIZE, BY REGION, 2021–2026 (KT) 149
12.2 COVID-19 IMPACT ON THE HYDROCOLLOIDS MARKET, BY REGION 149
12.2.1 OPTIMISTIC SCENARIO 150
TABLE 113 OPTIMISTIC SCENARIO: COVID-19 IMPACT ON THE HYDROCOLLOIDS MARKET SIZE, BY REGION, 2018–2021 (USD MILLION) 150
12.2.2 REALISTIC SCENARIO 150
TABLE 114 REALISTIC SCENARIO: COVID-19 IMPACT ON THE HYDROCOLLOIDS MARKET SIZE, BY REGION, 2018–2021 (USD MILLION) 150
12.2.3 PESSIMISTIC SCENARIO 150
TABLE 115 PESSIMISTIC SCENARIO: COVID-19 IMPACT ON THE HYDROCOLLOIDS MARKET SIZE, BY REGION, 2018–2021 (USD MILLION) 150
12.3 NORTH AMERICA 151
FIGURE 41 US TO DOMINATE THE NORTH AMERICAN HYDROCOLLOIDS MARKET 152
TABLE 116 NORTH AMERICA: HYDROCOLLOIDS MARKET SIZE, BY COUNTRY,
2016–2020 (USD MILLION) 153
TABLE 117 NORTH AMERICA: HYDROCOLLOIDS MARKET SIZE, BY COUNTRY,
2021–2026 (USD MILLION) 153
TABLE 118 NORTH AMERICA: HYDROCOLLOIDS MARKET SIZE, BY COUNTRY,
2016–2020 (KT) 153
TABLE 119 NORTH AMERICA: HYDROCOLLOIDS MARKET SIZE, BY COUNTRY,
2021–2026 (KT) 154
TABLE 120 NORTH AMERICA: HYDROCOLLOIDS MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION) 154
TABLE 121 NORTH AMERICA: HYDROCOLLOIDS MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION) 155
TABLE 122 NORTH AMERICA: HYDROCOLLOIDS MARKET SIZE, BY TYPE, 2016–2020 (KT) 155
TABLE 123 NORTH AMERICA: HYDROCOLLOIDS MARKET SIZE, BY TYPE, 2021–2026 (KT) 156
TABLE 124 NORTH AMERICA: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2016–2020 (USD MILLION) 156
TABLE 125 NORTH AMERICA: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2021–2026 (USD MILLION) 157
TABLE 126 NORTH AMERICA: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2016–2020 (KT) 157
TABLE 127 NORTH AMERICA: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2021–2026 (KT) 157
TABLE 128 NORTH AMERICA: HYDROCOLLOIDS MARKET SIZE, BY SOURCE,
2016–2020 (USD MILLION) 158
TABLE 129 NORTH AMERICA: HYDROCOLLOIDS MARKET SIZE, BY SOURCE,
2021–2026 (USD MILLION) 158
TABLE 130 NORTH AMERICA: HYDROCOLLOIDS MARKET SIZE, BY FUNCTION,
2016–2020 (USD MILLION) 158
TABLE 131 NORTH AMERICA: HYDROCOLLOIDS MARKET SIZE, BY FUNCTION,
2021–2026 (USD MILLION) 159
12.3.1 US 159
12.3.1.1 Higher demand for low-fat food products to drive the hydrocolloids market growth in terms of value sales 159
TABLE 132 US: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2016–2020 (USD MILLION) 159
TABLE 133 US: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2021–2026 (USD MILLION) 160
12.3.2 CANADA 160
12.3.2.1 Substantial growth of functional food segment to trigger demand for different hydrocolloids in the country 160
TABLE 134 CANADA: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2016–2020 (USD MILLION) 160
TABLE 135 CANADA: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2021–2026 (USD MILLION) 161
12.3.3 MEXICO 161
12.3.3.1 Rise in consumption of dairy products in Mexico to help drive the market growth 161
TABLE 136 MEXICO: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2016–2020 (USD MILLION) 161
TABLE 137 MEXICO: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2021–2026 (USD MILLION) 162
12.4 EUROPE 162
TABLE 138 EUROPE: HYDROCOLLOIDS MARKET SIZE, BY COUNTRY,
2016–2020 (USD MILLION) 163
TABLE 139 EUROPE: HYDROCOLLOIDS MARKET SIZE, BY COUNTRY,
2021–2026 (USD MILLION) 163
TABLE 140 EUROPE: HYDROCOLLOIDS MARKET SIZE, BY COUNTRY, 2016–2020 (KT) 164
TABLE 141 EUROPE: HYDROCOLLOIDS MARKET SIZE, BY COUNTRY, 2021–2026 (KT) 164
TABLE 142 EUROPE: HYDROCOLLOIDS MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION) 165
TABLE 143 EUROPE: HYDROCOLLOIDS MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION) 165
TABLE 144 EUROPE: HYDROCOLLOIDS MARKET SIZE, BY TYPE, 2016–2020 (KT) 166
TABLE 145 EUROPE: HYDROCOLLOIDS MARKET SIZE, BY TYPE, 2021–2026 (KT) 166
TABLE 146 EUROPE: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2016–2020 (USD MILLION) 167
TABLE 147 EUROPE: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2021–2026 (USD MILLION) 167
TABLE 148 EUROPE: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION, 2016–2020 (KT) 167
TABLE 149 EUROPE: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION, 2021–2026 (KT) 167
TABLE 150 EUROPE: HYDROCOLLOIDS MARKET SIZE, BY SOURCE,
2016–2020 (USD MILLION) 168
TABLE 151 EUROPE: HYDROCOLLOIDS MARKET SIZE, BY SOURCE,
2021–2026 (USD MILLION) 168
TABLE 152 EUROPE: HYDROCOLLOIDS MARKET SIZE, BY FUNCTION,
2016–2020 (USD MILLION) 168
TABLE 153 EUROPE: HYDROCOLLOIDS MARKET SIZE, BY FUNCTION,
2021–2026 (USD MILLION) 169
12.4.1 GERMANY 169
12.4.1.1 The increase in consumption of different baked goods to drive the market of hydrocolloids in Germany 169
TABLE 154 GERMANY: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2016–2020 (USD MILLION) 170
TABLE 155 GERMANY: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2021–2026 (USD MILLION) 170
12.4.2 UK 170
12.4.2.1 The presence of a large food sector as well as cosmetic industry to propel the growth of the hydrocolloids market in the UK 170
TABLE 156 UK: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2016–2020 (USD MILLION) 171
TABLE 157 UK: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2021–2026 (USD MILLION) 171
12.4.3 FRANCE 171
12.4.3.1 The high consumption of confectionery products to drive hydrocolloids’ use in Germany 171
TABLE 158 FRANCE: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2016–2020 (USD MILLION) 172
TABLE 159 FRANCE: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2021–2026 (USD MILLION) 172
12.4.4 ITALY 172
12.4.4.1 The wide presence of the dairy sector in the country and increased production of ice cream to increase the use of hydrocolloids 172
TABLE 160 ITALY: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2016–2020 (USD MILLION) 173
TABLE 161 ITALY: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2021–2026 (USD MILLION) 173
12.4.5 SPAIN 173
12.4.5.1 Demand for healthier processed food to increase the demand for natural hydrocolloids in the region 173
TABLE 162 SPAIN: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2016–2020 (USD MILLION) 174
TABLE 163 SPAIN: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2021–2026 (USD MILLION) 174
12.4.6 REST OF EUROPE 174
TABLE 164 REST OF EUROPE: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2016–2020 (USD MILLION) 174
TABLE 165 REST OF EUROPE: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2021–2026 (USD MILLION) 175
12.5 ASIA PACIFIC 175
TABLE 166 ASIA PACIFIC: HYDROCOLLOIDS MARKET SIZE, BY COUNTRY,
2016–2020 (USD MILLION) 176
TABLE 167 ASIA PACIFIC: HYDROCOLLOIDS MARKET SIZE, BY COUNTRY,
2021–2026 (USD MILLION) 176
TABLE 168 ASIA PACIFIC: HYDROCOLLOIDS MARKET SIZE, BY COUNTRY,
2016–2020 (KT) 176
TABLE 169 ASIA PACIFIC: HYDROCOLLOIDS MARKET SIZE, BY COUNTRY,
2021–2026 (KT) 177
TABLE 170 ASIA PACIFIC: HYDROCOLLOIDS MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION) 177
TABLE 171 ASIA PACIFIC: HYDROCOLLOIDS MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION) 178
TABLE 172 ASIA PACIFIC: HYDROCOLLOIDS MARKET SIZE, BY TYPE, 2016–2020 (KT) 178
TABLE 173 ASIA PACIFIC: HYDROCOLLOIDS MARKET SIZE, BY TYPE, 2021–2026 (KT) 179
TABLE 174 ASIA PACIFIC: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2016–2020 (USD MILLION) 179
TABLE 175 ASIA PACIFIC: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2021–2026 (USD MILLION) 180
TABLE 176 ASIA PACIFIC: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2016–2020 (KT) 180
TABLE 177 ASIA PACIFIC: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2021–2026 (KT) 180
TABLE 178 ASIA PACIFIC: HYDROCOLLOIDS MARKET SIZE, BY SOURCE,
2016–2020 (USD MILLION) 181
TABLE 179 ASIA PACIFIC: HYDROCOLLOIDS MARKET SIZE, BY SOURCE,
2021–2026 (USD MILLION) 181
TABLE 180 ASIA PACIFIC: HYDROCOLLOIDS MARKET SIZE, BY FUNCTION,
2016–2020 (USD MILLION) 181
TABLE 181 ASIA PACIFIC: HYDROCOLLOIDS MARKET SIZE, BY FUNCTION,
2021–2026 (USD MILLION) 182
12.5.1 CHINA 182
12.5.1.1 The rise in demand for healthy beverages and dairy products in China to drive the market growth of hydrocolloids 182
TABLE 182 CHINA: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2016–2020 (USD MILLION) 182
TABLE 183 CHINA: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2021–2026 (USD MILLION) 183
12.5.2 JAPAN 183
12.5.2.1 The demand for variety of Japanese beverages to drive the market for hydrocolloids in the country 183
TABLE 184 JAPAN: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2016–2020 (USD MILLION) 183
TABLE 185 JAPAN: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2021–2026 (USD MILLION) 184
12.5.3 AUSTRALIA & NEW ZEALAND 184
12.5.3.1 Different types of beverages consumed by Australians to demand different preservatives for manufacturing them 184
TABLE 186 AUSTRALIA & NEW ZEALAND: HYDROCOLLOIDS MARKET SIZE,
BY APPLICATION, 2016–2020 (USD MILLION) 185
TABLE 187 AUSTRALIA & NEW ZEALAND: HYDROCOLLOIDS MARKET SIZE,
BY APPLICATION, 2021–2026 (USD MILLION) 185
 
12.5.4 INDIA 185
12.5.4.1 Increase in demand for healthy processed food products in India to increase the demand for hydrocolloids 185
TABLE 188 INDIA: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2016–2020 (USD MILLION) 186
TABLE 189 INDIA: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2021–2026 (USD MILLION) 186
12.5.5 REST OF ASIA PACIFIC 186
TABLE 190 REST OF ASIA PACIFIC: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION, 2016–2020 (USD MILLION) 186
TABLE 191 REST OF ASIA PACIFIC: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION) 187
12.6 REST OF WORLD (ROW) 187
TABLE 192 ROW: HYDROCOLLOIDS MARKET SIZE, BY SUB-REGION,
2016–2020 (USD MILLION) 187
TABLE 193 ROW: HYDROCOLLOIDS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 188
TABLE 194 ROW: HYDROCOLLOIDS MARKET SIZE, BY SUB-REGION, 2016–2020 (KT) 188
TABLE 195 ROW: HYDROCOLLOIDS MARKET SIZE, BY SUB-REGION, 2021–2026 (KT) 188
TABLE 196 ROW: HYDROCOLLOIDS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION) 189
TABLE 197 ROW HYDROCOLLOIDS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 189
TABLE 198 ROW: HYDROCOLLOIDS MARKET SIZE, BY TYPE, 2016–2020 (KT) 190
TABLE 199 ROW: HYDROCOLLOIDS MARKET SIZE, BY TYPE, 2021–2026 (KT) 190
TABLE 200 ROW: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2016–2020 (USD MILLION) 191
TABLE 201 ROW: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2021–2026 (USD MILLION) 191
TABLE 202 ROW: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION, 2016–2020 (KT) 191
TABLE 203 ROW: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION, 2021–2026 (KT) 191
TABLE 204 ROW: HYDROCOLLOIDS MARKET SIZE, BY SOURCE,
2016–2020 (USD MILLION) 192
TABLE 205 ROW: HYDROCOLLOIDS MARKET SIZE, BY SOURCE,
2021–2026 (USD MILLION) 192
TABLE 206 ROW: HYDROCOLLOIDS MARKET SIZE, BY FUNCTION,
2016–2020 (USD MILLION) 192
TABLE 207 ROW: HYDROCOLLOIDS MARKET SIZE, BY FUNCTION,
2021–2026 (USD MILLION) 193
12.6.1 MIDDLE EAST & AFRICA 193
12.6.1.1 The rising demand for nutritional labeling to increase the demand for natural hydrocolloids 193
TABLE 208 MIDDLE EAST & AFRICA: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION, 2016–2020 (USD MILLION) 194
TABLE 209 MIDDLE EAST & AFRICA: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION) 194
12.6.2 SOUTH AMERICA 195
12.6.2.1 Gradual increase in purchasing power of Argentinians and Brazilians to increase consumption of convenience food 195
TABLE 210 SOUTH AMERICA: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2016–2020 (USD MILLION) 195
TABLE 211 SOUTH AMERICA: HYDROCOLLOIDS MARKET SIZE, BY APPLICATION,
2021–2026 (USD MILLION) 195

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

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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