Global Inulin Market - Industry Analysis, Size, Share, Growth, Trends and Forecast to 2024 | Hexa Research

The global inulin market is expected to be valued at approximately USD 2.4 billion and it is projected to grow at an approximate CAGR of over 10% over the forecast period. Growing dairy industry is expected to remain a key driving factor over the forecast period of 2016 to 2024. It is used as fat replacer and texture enhancer in dairy products.

Inulin has a health promoting factors such as low fat, reduced calorie value, prebiotic effect, sugar reduction, and dietary fiber is also anticipated to witness the significant growth of the market over the forecast period. Growing pharmaceutical sector is also expected to increase the demand of inulin. Usage of inulin is safe in the pharmaceutical sector as declared by U.S FDA.

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The threat of substitutes from the other prebiotic ingredients and development of synbiotics is expected to be the major restraints in the inulin market.

Inulin is considered as functional food ingredients owing to biochemical and physiological process resulting better health and reduction of risk in many diseases. Europe is expected to have abundance availability of chicory roots and its force the manufacturer to establish their manufacturing sites in this region. China is also anticipated to have a steady growth in chicory roots production.

Inulin is being replaced with the sugar products and it is expected to be the one of the major challenges in the inulin market. It tastes 10time less than the sugar taste. Inulin can also be used as ingredients in the development of foods for weight management because it can help to reduce fat, sugar, and overall calories.

The inulin market has a wide scope application in end-use industries such as food & beverage, dairy, bakery, pharmaceutical & healthcare industries. Food & beverage is expected to increase demand of market over the forecast period. Owing to increase in gut health function and reducing sugar level.

The dairy industry is also expected to have substantial demand owing to increasing cheese, yogurts and ice cream products. As a result, growing dairy production is anticipated to fuel inulin demand over the next eight years.

Inulin includes a non-digestible fiber, which assumes a vital part in fortifying bacterial development to keep up calorie level in the human body.

This application of inulin is expected to encourage the market demand for the enrichment of dietary supplements over the next eight years. It also has wide scope application includes natural ingredients in, construction, coating, and animal feed industries.

The market is segmented on the basis of the type such as liquid and powder form. Powder based inulin are very easily soluble and dispersible in water whereas liquid based inulin shares these qualities and expands the potential application palette. Inulin exhibits the superior characteristics such as slows digestion, increases fullness and removes cholesterol as it passes through the digestive tract.

Inulin is a type of carbohydrate called as oligosaccharides which are used in food manufacturing and home cooking to improves the taste, texture, moisture level and health benefits. Compared to sugar it is ten times less the sugar taste.

Europe is dominating the growth of inulin market. In 2013, it had an overall share of over 50% of global volume. Government regulation regarding food ingredients in Europe is expected to spur the growth of the market over the next eight years.

Asia-Pacific is expected to witness high significant growth at an approximate CAGR of over 15% over the forecast period. Growing dairy industries in Asia Pacific countries such as China, India, and Japan is expected to increase the demand in this region over the forecast period.

Beverage and food industry market growth in Brazil and Saudi Arabia is anticipated to play a vital role in fueling the growth of the market over the forecast period.

Key industry players in China are expected to establish their production sites owing to abundance availability of raw materials in this region. Some of the major players operating in the market include Cargill, Jarrow Formulas, Cosucra, Sensus, and Beneo-Orafti.

Industry participants are investing heavily in R&D to develop the advanced innovative inulin products. This investment is expected to drive the healthcare and food & beverage industries for the next eight years. 

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Natural Sweeteners Market - Industry Trends, Growth and Forecast to 2024 - Hexa Research

The global natural sweeteners market is expected to witness substantial growth over the forecast period on account of growing demand for different kind of substitutes such as low-intensity sweeteners, high-intensity sweeteners and high-fructose syrup in food & beverage and healthcare industry.

The sugar substitutes market is an integral part of the sugar industry. Growing health concerns such as diabetes and obesity are driving the population to switch to no or low-calorie substitutes and alternative for sugar. To satisfy the appetite for sweetness in food & drinks and growing concerns for health and naturalness in food is expected to drive the market over the forecast period.

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The concept natural sweetener is prevailing in developed countries at a higher level owing to high disposable incomes and growing population. However, in developing Asian countries the demand is rising for natural sweeteners owing to growing consumer per capita income and rising population. Furthermore, the increasing demand for natural sweeteners can also be attributed to the use of sugar substitutes in the personal & healthcare industries.

Advancement in technology and new product development is expected to bring about various improvements in sugar substitutes market. New products are expected to be developed over the period owing to the aforementioned reasons which in turn is expected to drive the demand for natural sweeteners.

Natural sweeteners manufacturing companies are expected to benefit from the growing health concerns among people and demand for low-calorie sweeteners as it anticipated that natural sweeteners market will convert into the new business as food & beverage manufacturers will search for inexpensive natural sweeteners.

However, the manufacturing of sweeteners is quite expensive and availability of sugar in at low prices in the market is expected to hinder the market growth. In addition, the taste of few natural sweeteners such as Stevia is disliked owing to which it is not preferred by a lot of people. Technological advancement is expected to lower the manufacturing cost of natural sweeteners which will, in turn, be available at lower rates in the market.

Natural sweeteners market is segmented on the basis of type into high intensity and low intensity. High-intensity natural sweeteners include Stevia and low-intensity natural sweeteners comprise of Xylitol and Erythritol.

Stevia is a popular low-calorie natural sweetener which is extracted from Stevia rebaudiana plant. There are numerous sweet compounds available in Stevia leaves such as Stevioside and Rebaudioside A which are much sweeter than sugar when compared gram by gram. Stevia not only is calorie free sweetener but also effective against high blood pressure and reducing blood sugar of diabetic patients.

Erythritol contains fewer calories and doesn’t affect blood sugar or insulin levels in the body and also has no effect on biomarkers like cholesterol and triglycerides. However, erythritol can cause digestive problems if consumed too much at a time. Xylitol is a sugar alcohol with the sweetness similar to sugar Xylitol has dental benefits such as it prevents from cavities and tooth decay and may also improve bone density to prevent osteoporosis.

Other natural sweeteners can include maple syrup, honey, yacon syrup, coconut sugar, blackstrap molasses, balsamic glaze, banana puree, sorghum syrup and brown rice syrup. These have a lot of applications and can use as a substitute for sugar. Honey and maple syrup are widely used sweeteners.

The market is also bifurcated on the basis of application into food & beverage industry applications and personal & healthcare industry applications. Stevia and erythritol are fairly new to the food & beverages market. Increasing health concerns among people and use of natural products has led the beverage companies to switch to natural low-calorie sweeteners.

People are opting for diet drinks such as diet coke which can be sweetened with natural sweeteners maintaining the taste. Growing awareness among people is expected to drive the natural sweeteners market demand and also pose a threat to the modified and artificial sweeteners demand such as corn sugar, aspartame and other sweeteners.

In personal & healthcare industry the use of natural sweeteners is expected to grow exponentially owing to the health benefits they possess such as reducing blood sugar in diabetic patients and in lowering high blood pressure. Some other health benefits associated with natural sweeteners are they may help in preventing osteoporosis and effect of artificial sweeteners on the human body.

Asia Pacific market is expected to grow exponentially as the use of natural sweeteners is highest in the world as it has various applications in Asian food products such as in pickles and highly flavored pastes and sauces. The growing population and consumer disposable incomes are also expected to be major drivers of the Asia Pacific market.

Leading companies in the U.S. and Europe region are investing in advanced technologies and new product development to come up with an innovative, superior quality and cost effective sugar substitute which in turn is expected to drive the market demand for natural sweeteners in this region.

The leading contributors to the market are Madhava Natural Sweeteners, Truvia, SweetLeaf Stevia, Tate & Lyle, Whole Earth Sweetener, Imperial Sugar, Herboveda, Sunwin Stevia International, Ach Food Companies, Morita Kagaku Kogyo, ADM, ABF Ingredients, Cargill, Evolva, Arlon Group, Galam Group, GLG Lifetech, Merisant, Ohly, Pure Circle and Zevia.

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Vegetable Oil Market - Industry Trends, Growth and Forecasts to 2024 - Hexa Research

Increasing vegetable oils application in fuel production, culinary, soaps and perfume formulations is expected to drive the global market over the forecast period. Growing processed foods industry, particularly in emerging markets, is expected to drive vegetable oils consumption in the long run.

Vegetable oils are major feedstock in bio lubricants production. Tightening regulatory framework regarding disposability and recyclability of petrochemical derived lubricants has been driving bio lubricants demand, thus providing growth opportunities for global vegetable oil market. As a result of their recyclable property, vegetable oils have diverse applications as automotive oil, demolding oil, hydraulic oil, chainsaw oils and industrial oils. On basis of the above applications, several vegetable oil manufacturing companies are converging on producing modified renewable oil and mineral oil based products. This initiative by major companies will help in escalating vegetable oil market additionally favoring its consumption in mature markets that are governed by regulatory policies favoring eco-friendly products. Vegetable oils are used as source to produce bio ethanol which is further used for biofuels production. Growing demand for biodiesel in automotive, aerospace and aviation industries is expected to have a positive impact on the global market. in line with aforementioned, use of vegetable oils as an alternative energy source is projected to witness a rapid growth in the long run.

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Major vegetable oils that find commercial applications include palm oil, castor oil, soybean oil, and sunflower oil. Sunflower oil emerged as a major product segment in the vegetable oil market on account of its health benefits such cardiovascular benefits, helps in preventing arthritis, asthma and colon cancer. Vegetable oil market has thus been gaining importance as a major health care product as it helps in cell structure repair apart from aforementioned benefits. Stringent biofuel policies in Europe and U.S. over accessibility of soybean oil have diverted the vegetable oil market towards other vegetable oils such as palm, palm kernel and sunflower oils.

On the basis of applications the vegetable oil market has been segmented into industrial, biofuel or biodiesel and the food segment. Currently, the use of vegetable oil in food segment occupies a major share in FMCG market globally. Biofuels is expected to generate maximum vegetable oil demand over the forecast period owing to increasing regulatory favorability towards unconventional fuel sources and subsequent vegetable oil sourcing as feedstock. Vegetable oils extracted from seeds and fruits are used for edible purposes. This significant characteristic of processed vegetable oil has increased its demand in animal feed additive industry, thus providing growth opportunities in terms of expanding application scope. In comparison to mineral oils, vegetable oils produce bio based lubricants of a high viscosity index, vegetable oils have also been found out to have better lubricity than mineral oils, hence many companies are focusing on replacing mineral oils with vegetable oils in order to provide oils with lower volatility, less smoke, better pressure performance and high viscosity. Vegetable oils as mineral oil substitutes are anticipated to foster global vegetable oil market growth over the next seven years.

Very high consumption of oxidized polyunsaturated fatty acids (PUFAS), found in majority of vegetable oils such as soybean, sunflower and corn oil has increased the outcome of breast cancer in postmenopausal women. Furthermore corn oil possesses high polyunsaturated fatty acids that causes inflammation of the cells leading to many digestive diseases. Such health issues associated with vegetable oils might impede their consumption in edible applications such as food processing.

North America is a major regional market and is characterized by high vegetable oils consumption in biofuels production and bio-based products manufacturing. High consumer awareness regarding environmental effects of petrochemical derived products has led to high demand for bio-based products. This trend is expected to strengthen North America vegetable oils market. Europe is expected to register moderate to high demand over the forecast period owing to increasing EU initiatives promoting bio-based products production and consequent ECHA regulations towards petrochemical products. Asia Pacific is projected to witness immense growth on account of growing end-use markets such as biofuels, food processing and bioplastics. Abundant raw material availability in Southeast Asian markets is anticipated to have a positive impact on Asia Pacific vegetable oils production landscape.

Major companies operating in the global vegetable oils market include Total S.A., BP, Shell, Archer Daniels Midland Co., Bunge North America Inc., Cargill Agricola S.A., Fuji Oil, Dow Agrosciences LLC, United Plantations Berhad, and Savola Group.

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Vegetable Oil Market - Industry Trends, Growth and Forecasts to 2024 - Hexa Research

Increasing vegetable oils application in fuel production, culinary, soaps and perfume formulations is expected to drive the global market over the forecast period. Growing processed foods industry, particularly in emerging markets, is expected to drive vegetable oils consumption in the long run.

Vegetable oils are major feedstock in bio lubricants production. Tightening regulatory framework regarding disposability and recyclability of petrochemical derived lubricants has been driving bio lubricants demand, thus providing growth opportunities for global vegetable oil market. As a result of their recyclable property, vegetable oils have diverse applications as automotive oil, demolding oil, hydraulic oil, chainsaw oils and industrial oils. On basis of the above applications, several vegetable oil manufacturing companies are converging on producing modified renewable oil and mineral oil based products. This initiative by major companies will help in escalating vegetable oil market additionally favoring its consumption in mature markets that are governed by regulatory policies favoring eco-friendly products. Vegetable oils are used as source to produce bio ethanol which is further used for biofuels production. Growing demand for biodiesel in automotive, aerospace and aviation industries is expected to have a positive impact on the global market. in line with aforementioned, use of vegetable oils as an alternative energy source is projected to witness a rapid growth in the long run.

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Major vegetable oils that find commercial applications include palm oil, castor oil, soybean oil, and sunflower oil. Sunflower oil emerged as a major product segment in the vegetable oil market on account of its health benefits such cardiovascular benefits, helps in preventing arthritis, asthma and colon cancer. Vegetable oil market has thus been gaining importance as a major health care product as it helps in cell structure repair apart from aforementioned benefits. Stringent biofuel policies in Europe and U.S. over accessibility of soybean oil have diverted the vegetable oil market towards other vegetable oils such as palm, palm kernel and sunflower oils.

On the basis of applications the vegetable oil market has been segmented into industrial, biofuel or biodiesel and the food segment. Currently, the use of vegetable oil in food segment occupies a major share in FMCG market globally. Biofuels is expected to generate maximum vegetable oil demand over the forecast period owing to increasing regulatory favorability towards unconventional fuel sources and subsequent vegetable oil sourcing as feedstock. Vegetable oils extracted from seeds and fruits are used for edible purposes. This significant characteristic of processed vegetable oil has increased its demand in animal feed additive industry, thus providing growth opportunities in terms of expanding application scope. In comparison to mineral oils, vegetable oils produce bio based lubricants of a high viscosity index, vegetable oils have also been found out to have better lubricity than mineral oils, hence many companies are focusing on replacing mineral oils with vegetable oils in order to provide oils with lower volatility, less smoke, better pressure performance and high viscosity. Vegetable oils as mineral oil substitutes are anticipated to foster global vegetable oil market growth over the next seven years.

Very high consumption of oxidized polyunsaturated fatty acids (PUFAS), found in majority of vegetable oils such as soybean, sunflower and corn oil has increased the outcome of breast cancer in postmenopausal women. Furthermore corn oil possesses high polyunsaturated fatty acids that causes inflammation of the cells leading to many digestive diseases. Such health issues associated with vegetable oils might impede their consumption in edible applications such as food processing.

North America is a major regional market and is characterized by high vegetable oils consumption in biofuels production and bio-based products manufacturing. High consumer awareness regarding environmental effects of petrochemical derived products has led to high demand for bio-based products. This trend is expected to strengthen North America vegetable oils market. Europe is expected to register moderate to high demand over the forecast period owing to increasing EU initiatives promoting bio-based products production and consequent ECHA regulations towards petrochemical products. Asia Pacific is projected to witness immense growth on account of growing end-use markets such as biofuels, food processing and bioplastics. Abundant raw material availability in Southeast Asian markets is anticipated to have a positive impact on Asia Pacific vegetable oils production landscape.

Major companies operating in the global vegetable oils market include Total S.A., BP, Shell, Archer Daniels Midland Co., Bunge North America Inc., Cargill Agricola S.A., Fuji Oil, Dow Agrosciences LLC, United Plantations Berhad, and Savola Group.

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Contact Us:

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Hexa Research

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Blast Chillers Market Analysis, Growth, Trends and Forecasts, 2016 to 2024 | Hexa Research

The global blast chillers market is anticipated to witness a substantial growth over the forecast period of 2016 to 2024. Increasing usage of these chillers in various industries is expected to be a key driving factor for market growth.

The market is expected to be driven by factors such as surging demand for maintenance of quality and preserving food fragrance for a longer period time. It helps to reduce the temperature of food in 90 minutes.

This preservation process has fueled the market growth owing to its usage in preparation of instant food, and it ensures to maintain food quality and food safety for a longer period of time

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Blast chilling is a method of freezing or cooling a food quickly to a very low temperature that removes the bacterial growth in the food. The ideal temperature for bacteria is fluctuating faster between +8 °C (46 °F) to +68 °C (154 °F).

The blast chiller has wide scope application in end-use industries such as commercial hotels, catering units, restaurants, meat & fish processing industries and bakeries are anticipated to create a positive impact on the global market.

The initiation of advanced eco-friendly technology designs is also anticipated to drive the demand over the forecast period and it is expected to offer lucrative growth opportunities for key industry participants over the forecast period.

Hydrofluoroolefin refrigerants are being used in eco-friendly blast chillers owing to their low ultra global warming potential and ozone depletion potential (ODP). These devices are installed with VFD devices for power consumption applications. Variable frequency drives (VFD) are used to slow evaporator fans during the freeze cycle for conserving energy.

The latest advanced technologies addition of touch screen controller has also fueled the growth of blast chillers market. The machines with automatic and smart defrost functions is also anticipated to utilize optimum energy consumption

The devices have built-in safety sensors that stop the condenser fan in case of any interruption during the freezing or chilling cycle. The latest advanced technology is also expected to have a positive impact in blast chiller market. 

  

The blast chillers have huge compressor fans and operate either through manual or by remote. Blast chillers have inbuilt with electric defrost facilities which remove condensation, whereas other units are connected directly to the drain.

Sophisticated touch screen controller and larger compressor fans allow these devices to function either as a fridge or a freezer. The implementation of these advanced technologies has helped the devices to operate more effectively and efficiently.

The blast chiller functions with certain HACCP standards, which is to maintain food quality and healthiness. The HACCP (Health Analysis and Critical control points) standards are designed to reduce all possible risks regarding food quality and healthiness during its production stage and it also provides preservation solutions. HACCP systems are widely used in all stages of the food chain such as food production and food preparation process.

The blast chillers are segmented on the basis of the type such as hard and soft chilling and shock freezing. Hard chilling is for hard and solid foods, including casseroles, stews, and slabs of poultry and meat.

Soft chilling is for delicate foods like a cut or leafy vegetables & seafood. Shock freezing devices are used for all types of raw, fully and half cooked foods to preserve for a long period of time. Shock frozen foods are expected to have a long shelf life so that original quality of the food remains unchanged.

The blast chiller market in Asia Pacific is also projected to have exponential demand owing to increasing willingness among end-users and awareness regarding food preservation is expected to be a key driver in this region.

North America is also anticipated to have a rapid growth over the forecast period owing to severe regulation in food preservation and to reduce the consumer risks.

These devices are prescribed for the commercial kitchens or restaurants in the European countries and it is expected to the drive the market in this region. Stringent regulation is anticipated to boost the demand in this region.

The major players in the market include Victory Refrigeration, Retigo, Williams Refrigeration, Traulsen, Irinox, Alto Shaam, Advanced Equipment, Infrico, Master Bilt, Adande, Able, and Friginox.

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Fish Oil Market Share and Size, 2012 to 2020 | Hexa Research

Fish oil is derived from the tissues of fishes which can reduce inflammation. It is a major source of omega-3 acids, docosahexaenoic acid, and eicosapentaenoic acid. Omega-3 acids aid in reducing triglyceride levels, depression levels, and reducing the risk of coronary heart disease.

The global fish oil market will be valued close to USD 4 billion by 2020. The demand for fish oil in 2013 was 1,090 kilotons (KT). It has an objective of reaching 1,200 KT by 2020. The US FDA (Food and Drugs Administration) has limited the fishing of sharks, a rich source of omega-3 acids. This is due to the high level of mercury, dioxin, and other PCBs present in their body. This can be a major hurdle for fish oil market players. But development of aquaculture in Asia Pacific can help overcome this obstacle.

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Applications for fish oil are DCH (direct human consumption), aquaculture, hydrogenation and other industrial uses. Direct human consumption (DHC) will be the major driver responsible for the fish oil market’s growth. Anchovies, mackerel, capelin, and herring are the fishes used for DCH. It has an estimated CAGR of 1.6% during the forecast phase (2014-2020).

Aquaculture is expected to dominate over the forecast phase. It is expected to reach a volume of 843.6 tons by 2020, growing at a 1% CAGR over the next six years. Species bred in aquaculture are tilapias, salmon, eels, trout, catfish, fresh crustaceans, marine shrimps, and marine fishes. Salmon and trout are the most popular fish used in aquaculture. It generated revenue of USD 854.7 million in 2013. It is projected to attain revenue of USD 1.49 billion by 2020.

North America, Europe, Asia Pacific, and Latin America are the major markets for fish oil. Europe had the largest market in 2013, accounting for 491.5 KT. It has an 8% CAGR over the forecast phase due to high protein levels found in dietary supplements. Asia Pacific will be the fastest growing region owing to the huge demand of fish oil from China.

The key players in the fish oil market are Colplex, GC Rieber Oils, COPEINCA ASA, and Omega Protein Corporation. Players will mostly form partnerships or delve in aquaculture due to shortage of raw materials.

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Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

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Hexa Research

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