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#MeatSubstitutes Market Competitive Dynamics & Global Outlook 2021-2027 The meat substitutes market is estimated to be valued at USD 1.9 billion in 2021 and is projected to reach USD 4.0 billion by 2027, recording a CAGR of 13.5%, in terms of value. The rising health concerns and the changing consumer perception have fuelled the demand for meat substitute products. A healthy lifestyle, supported by the integration of plant-based alternatives, has become a popular notion among consumers who are increasingly open to the idea of plant-based products. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=979 Drivers: Increasing investments in plant-based protein ingredients Innovations in plant-based proteins have had a positive influence on the development of meat substitute products. Manufacturers are infusing plant-based ingredients to produce meat alternatives, which has gained widespread acceptance among consumers. According to the European Regional Development Fund, 22% of UK consumers convey that they consume more protein from other sources rather than meat. For the millennials and iGeneration, the numbers have increased to 25%, indicating the high growth of the protein alternatives market in the country. This factor proves positive for this market and works in its favor due to the changing consumer preferences and the high adaptability rate among consumers. The increasing investments made by ingredient manufacturers are propelling market growth. Opportunities: Emerging markets illustrate the great potential for meat substitutes Developing countries, such as China and India, in the coming years, will experience a strong upsurge in demand for meat substitutes. This demand is driven by an increase in processed and convenience food production. Emerging economies, such as India and China, in Asia Pacific, are exhibiting high growth. Asia Pacific also provides a cost advantage in terms of production and processing. High demand, coupled with the low cost of production, is a key feature that will aid meat substitute suppliers and manufacturers target this market. Developing countries are experiencing busier lifestyles and changing food consumption patterns, leading to an increase in demand for processed, ready-to-cook, and ready-to-eat food, which is expected to push the demand for meat substitutes in these regions. Challenges: Pricing pressure Pea protein is relatively expensive compared to soy protein and wheat protein. Since soy is a well-established product and the availability of raw material is easy, manufacturers have increased their production capacities to reduce costs. However, pea protein, being in its introductory phase, has to overcome these challenges. Its manufacturers are looking to increase production capacities by using advanced technologies for pea protein extraction and processing. However, the less availability of pea protein is forcing food manufacturers to import pea, increasing the price of raw materials and eventually increasing the prices of the final meat substitute products. Due to this, pea protein-based meat substitute is considered a premium product in various countries. Read more: https://www.marketsandmarkets.com/Market-Reports/meat-substitutes-market-979.html Key players in this market include DuPont (US), ADM (US), Kerry Group (Ireland), Ingredion Incorporated (US), Roquette Frères (France), PURIS (US), Cargill (US), Axiom Foods (US), MGP Ingredients (US), The Top Health Ingredients (Canada), Sonic Biochem Ltd (India), Crespel & Deiters (Germany), Wilmar International Limited (Singapore), Sotexpro S.A (France), The Nisshin OilliO Group, Ltd (Japan), and A&B Ingredients (Canada).

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#Biocontrol market is projected to reach USD 13.7 billion by 2027 The global biocontrol market, valued at USD 6.6 billion in 2022, is projected to reach USD 13.7 billion by 2027, showcasing a robust CAGR of 15.8% during the forecast period. The surge in demand for organic food products, coupled with the need for environmentally friendly pest control solutions, has propelled the market's growth. In North America, Marrone Bio Innovations stands out, offering a diverse range of biocontrol products to meet the escalating demand. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=216657040 Semiochemicals on the Rise – Overcoming Perceptions and Market Dynamics While biopesticides dominate the market, semiochemicals remain a relatively untapped and smaller segment due to perceived effectiveness concerns. However, recent strategic moves, such as FMC's acquisition of BioPhero Aps and Syngenta AG's collaboration with M2i Life Sciences, underscore the industry's increasing interest in semiochemicals. Extensive research and development efforts are underway to harness the potential of semiochemicals, suggesting a significant growth trajectory in the near future. Fruits and Vegetables Lead the Charge in Biocontrol Adoption Amid the various crop types, the fruits and vegetables segment is expected to exhibit the highest CAGR of 16.2% during the forecast period. The shift towards healthier and organic diets has driven increased demand for these high-value specialty crops. Biopesticides and semiochemicals, including pheromone-based solutions, play a crucial role in pest control in fruits and vegetables. Compliance with stringent import regulations, particularly in North American and European countries, further propels the demand for biocontrol solutions in this segment. Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=216657040 Europe's Pivotal Role in Biocontrol Market Growth Europe is poised to contribute significantly to the global biocontrol market, with an estimated market share of 30.4% in 2022. The Farm to Fork Strategy and initiatives like a 50% reduction in chemical pesticides by 2030 are driving forces in the European biocontrol sector. Well-informed consumers and a robust technological infrastructure position Europe to experience the fastest growth rate in biopesticides and semiochemicals applications. The market is projected to expand to USD 4,292.8 million by 2027. Key Players Shaping the Biocontrol Landscape Leading players such as BASF SE (Germany), Bayer AG (Germany), and Syngenta AG (Switzerland) are instrumental in shaping the biocontrol market. Their strategic initiatives, technological advancements, and commitment to sustainable agricultural practices position them as key drivers in the industry's growth.

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#EssentialOils Market Emerging Trends and Developments The global essential oils market size is estimated to be valued at USD 8.8 billion in 2022 and is projected to reach USD 15.3 billion by 2027, recording a CAGR of 11.8% in terms of value. The market is growing due to its wide application and increased awareness among consumers globally. Essential oils are being used in new domains as they have various health benefits and less known side effects. The North American region dominates the global essential market, owing to the growing trends of having a healthy lifestyle and consumers being more aware of the ingredients being used in their products. Furthermore, growing applications of essential oils have increased the R&D and new product innovations which are expected to drive the global market in the forecasted period. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=119674487 The food and beverages industry continues to incorporate essential oils into multiple products, in line with the upward trend of “clean label.” The food and beverage industries use essential oils mostly for their color, flavor, and fragrance in the end products, as substitutes for synthetic ingredients. Essential oils are identified for their health benefits, as they are natural ingredients that impart the essence of the source they have been derived from. The largest market segment for essential oils is food and beverage, as consumers are becoming increasingly aware of the health benefits of essential oils, the preferences for food & beverage products with these oils as additives have increased. Various essential oils used by manufacturers include orange oil, lemon oil, and lime oil. Lemon’s essential oil is widely used in the food and beverage industry as a flavoring agent, such as in fruit juices, jams, and bakery products. With citrus essential oils labeled as safe for consumption by regulatory authorities, the food and beverages industry continue to incorporate these essential oils into multiple products, in line with the upward trend of “clean label.” Essential oils represent a significant upstream business opportunity for the floriculture market Floriculture has been associated with the cultivation of exotic and aromatic flowers yielding aromatic essential oils which include rose, jasmine, lavender, and tuberose. Flowers have been known for a long time to be a source of sweet fragrance. Flowers provide one of the most important essential oils which are indispensable in perfumery production. Hence essential oils represent a significant upstream business opportunity for the floriculture market. Essential oils from flowers, when incorporated into finished products impart various benefits, such as a pleasant aroma in perfumery, shine or conditioning effects in hair care products, and improving the elasticity of the skin. It is necessary to identify the perfect location for the cultivation of flowering crops based on suitable climatic and soil conditions with minimal use of pesticides and fertilizers to obtain a good yield. It is also essential to carefully monitor the transit of raw materials from field to factory to ensure that the freshness and potency of active ingredients are preserved. The growth of the essential oils market in Europe is driven by the demand for products being sold as aromatherapy cosmetics to the consumers Europe is one of the largest markets for essential oil products, owing to the increased awareness of their benefits. Food & beverage companies are innovating to produce various essential oil-based beverages and foods to meet consumer demand. European buyers are preferring value-added food products, and manufacturers are preferring to use essential oils in this domain due to their wide range of applications. The consumers’ growing demand for high-quality environmentally friendly products is expected to drive the market in Europe. Apart from this, Europe is one of the major importers of essential oil due to the increased consumer demand for aromatherapy products by developing “aromatherapy cosmetics.” The European cosmetics and personal care market is one of the largest in the world and presents an attractive opportunity for suppliers and producers of essential oils from developing countries. The consumer demand for cosmetics products that do not contain chemicals is expected to fuel market growth. Read more: https://www.marketsandmarkets.com/Market-Reports/essential-oil-market-119674487.html key players in this market include Cargill, Incorporated (US), DSM (Netherlands), Givaudan (Switzerland), International Flavors & Fragrances Inc. (US), Sensient Technologies Corporation (US), Symrise (Germany), Robertet SA (France), MANE (France), doTERRA (US), NOW Foods (US), Lebermuth, Inc. (US), BIOLANDES (France), Norex Flavours Private Limited (India) and India Essential Oils (India).