Food & Beverages Research

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Phytase for Animal Feed Applications Market to Record an Exponential CAGR by 2024

Phosphorus is considered as an essential compound for animal metabolism and thus executes a prime role for livestock growth and production. The phosphorus is primarily stored as phytic acid in various feedstock, which is mostly inaccessible to swine and poultry animals. Thus, conventionally inorganic phosphates are added to meet the phosphorous requirements of these animals, imparting an additional cost. Adding phyatse based enzymes to feed solves this generic problem, by enabling swine and poultry to digest the phytate bound phosphorous in plants. Moreover, as concerns regarding environmental impact of inorganic phosphorous is also gaining limelight, phytase based enzymes are seeing increasing penetration.

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 The demand for phytase for animal feed application is anticipated to expand with a decent CAGR throughout the forecast period.

 The demand for phytase for animal feed application can be directly correlated to increasing feed demand, particularly from poultry and swine farms. Moreover, increasing awareness about the benefits of phytase is fuelling rapidly increasing demand from the aquaculture sector too. Moreover, as phytase helps to reduce the environmental impact of phosphorous pollution it is gaining significant penetration in European and North American regions. Furthermore, increasing awareness about additional benefits of phytase such as it enables the poultry and swine to digest the phytate bound phosphorus already present in the plants, helps in reducing cost and better livestock production. Another prime factor, leading to an increasing demand for phytase is the rising shortage of phosphorous. As the demand for biofuel crops increases, the increasing usage of fertilisers is indispensable, thus a large consumption of phosphates channel towards fertiliser production. This coupled with rising standards of living globally, has led to the rising demand of washing powders, thus creating further demand for phosphates. Henceforth, the increasing scarcity of feed phosphates is another reason driving demand for phytase for animal feed applications.

 The Global phytase for Animal Feed Applications Market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). Western Europe is anticipated to lead the market throughout the forecast period, amid presence of large number of poultry and swine farms in the region coupled with high penetration of awareness and benefits of phytase for animal feed applications. North America is expected to be the next leading market for consumption of phytase based animal feed, particularly due to rising awareness about environmental impact of phosphorous application. However, growth in these matured regions particularly in Western Europe is expected to execute a sluggish growth, compared to Asia Pacific Exc. Japan (APEJ) and Latin America, which are expected to execute an impressive CAGR over the forecast period. The Middle East and Africa (MEA) and Easter Europe regions are expected to account for a small market share over the forecast period of 2016-2026.

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 Global Phytase for Animal Feed Applications Market: Key Players

 Danisco Animal Nutrition-DuPont,

Novozymes/Koninklijke DSM N.V.,Roal Oy,BASF SE,

Adisseo,Novus International,Vland Biotech Group,

Altech Inc.,Advanced Enzyme Technologies Limited,

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Citronella Oil Market to Undertake Strapping Growth During 2024

Citronella oil is an oil derived majorly from citronella grass, also called as Cymbopogon nardus. The cultivation of the grass requires rich moisture content and sunshine. The oil can also be derived from different cymbopogon species. The citronella oil is considered as one of the industrially important essential oil. This is owing to the key advantages of citronella oil such as flavour additive, fragrances in cosmetic and perfume industries. The citronella oil contains more than 80 components some of which are at high concentration in oil and functions as repellent property of oil. Some of the important components such as geranial, limonene and citronellal are considered to have desirable repellent characteristics. In trade terms, citronella oil are classified as ceylon citronella oil and java citronella oil where they differ in terms of proportion of citronellal and geranial. Perfume industry is important for citronella oil market since it has majority of the revenue share. Other than perfumes citronella oil is also used in detergents, industrial polishes, soaps, cleaning compounds and other industrial products.

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 The global citronella oil market is primarily driven by the increasing demand from perfume and cosmetic industries. Citronella oil offers wide remedies some of which are anxiety and stress control, ability to eject bugs and leeches from body etc. Citronella oil prevents the spread of internal and external infections. These are some of the factors which is boosting the global citronella oil consumption. Furthermore, citronella oil has some unique properties such as distinctive olfactory and steady technical properties. These properties are highly essential for industries such as perfume to incorporate appropriate blending and compounding essences which in turn actually drives the global citronella oil market.

 The global citronella oil market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). APEJ holds the major share in the global citronella oil market owing to the high production of essential oils for fragrance and flavour industry and also shares major contribution in essential oils export. The major countries such as Shri Lanka, India, China, Java, Indonesia and Taiwan tops the citronella oil market in terms of production in APEJ region. Followed by APEJ is North America and Europe and are expected to grow at moderately high CAGR during the forecast period. Latin America is anticipate to project stable growth rate in terms of value during the forecast period.

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 Some of the key players identified in the global citronella oil market includes:

 Van Aroma,Reho Natural Ingredients,

Manohar Botanical Extracts Pvt. Ltd.,KIC Chemicals, Inc.,

Wuhan Dahua Weiye Pharmaceutical Chemical Co., Ltd.,Fujian Gaoke Daily Chemical Co., Ltd.,AOS Products Private Ltd,Gramme Products,Aromacare Herbals,Meena Perfumery,K.K. Enterprise,

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Molasses Market  Progresses for Huge Profits During 2025

With predictions of robust growth, the global molasses market is likely to observe even stiffer competition among key players in the coming years. As per a recent study by Transparency Market Research (TMR), companies will majorly focus on expanding their product portfolio to strengthen their competitiveness. Besides this strategic collaborations will remain a sought after strategy, especially among companies looking to develop footprint in emerging nations. Companies such as Crosby Molasses Co Ltd., Michigan Sugar Company, Cora Texas Manufacturing Company, LLC, Malt Products Corporation, B&G Foods, Inc., Westway Feed Products LLC, Spreckels Sugar Company, Inc., Domino Specialty Ingredients, Sweet Harvest Foods Inc., and Good Food Inc. are a few of leading names in the global molasses market. Strategies adopted by these and other companies can extremely sway the prevailing trends in the overall market.

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 According to TMR, the global market is expected to reach US$18,281.7 mn by the end of 2025, compared to US$11,596.5 mn, its value in 2016. Thus during the period, TMR forecasts the market to exhibit a CAGR of 5.05%. Sugarcane and sugarbeet are the key sources from where molasses are derived. Of these, the sugarcane segment held clear dominance in the market and is anticipated to hold nearly 88% of the overall market through the forecast period. Regionally, the market will witness considerable prospects in Asia Pacific and Latin America through the forecast period.

 Among the key factors enabling the market gain pace, the rising demand for convenience food and ready-to-eat snacks is at fore. With the expansion of the bakery industry, opportunities for the market have escalated worldwide. Extracts from molasses are used as stabilizing agents in various food applications. Considering this, growth witnessed in the bakery industry will aid the overall expansion of the global molasses market. Besides this, growth witnessed in the market is also influenced by the production rate of its sources, which are sugarbeet and sugarcane. Sugarcane production has surged considerably in the last couple of years and the benefits of the same are reaped significantly by the global molasses market. In addition, their rising use in food, cosmetic, pharmaceutical, and other industrial applications will pave way for the market’s positive trajectory in the forthcoming years.

 In the last couple of years, food manufacturers have tended more to shift toward molasses as against spending high on sugar for manufacturing their food products. Also different types of molasses find different applications such as beet molasses are used for beef and dairy cattle, as they act as a great source of protein and other minerals. Also bakeries are starting to prefer molasses more than sugar because the former offers a better darker shade to bakery products than normal sugar.

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 On the downside, the decrement in the demand for molasses in feed applications and unsuitable climatic conditions to affect sales prospects of cane molasses are some of the factors that could restrain the market. Animal feed happens to be one of the chief application sectors for the molasses market. However, the rising availability of cheaper alternatives has negatively impacted the market’s future in the animal feed sector. Besides this, the unfavorable climate conditions in Asia Pacific adversely affects the sugarcane production, subsequently negative influencing the market’s growth prospects in the region.

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Hot Sauce Market to Undertake Strapping Growth During 2024

The global market for hot sauce is thriving at a significant rate and has grown incredibly in the past few years. In the U.S., a market mostly dominated by ketchup, mayonnaise, mustard sauce, and BBQ sauce, hot sauce has started making its presence felt in kitchens. The market has witnessed immense growth pace across a number of other regional markets as well, where Asian cuisine is rapidly becoming the choice of youngsters. It is estimated that the market will continue to thrive in the near future and witness surging demand as new uses of hot sauce in native culinary styles of a number of countries are invented and adopted.

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 Despite the thriving growth witnessed by the market, there has not been a dominant player in the past and the market continues to remain a highly fragmented, also unorganized in several key regional markets. A number of small-scale hot sauce companies are coming up in the market as the consumer demand intensifies. The flurry of new ventures in the market has been central to the variety of hot sauces available in the global market. Chains of supermarkets and hypermarkets playing host to these rapidly rising product varieties are also playing a key role in taking hot sauces to a larger consumer base, especially in emerging economies with a rising population of urban, affluent population.

 In the next few years, hot sauces are expected to propagate across an increasing number of facets of kitchens across the globe. The rising consumption of ready-to-eat food varieties is also expected to catalyze the rising number of roles that hot sauces are adopting in everyday diets.

 Hot sauces are generally made from chilli peppers and other ingredients such as salt, vinegar, garlic, xanthan gum, and many others. In terms of nutrients, hot sauces do not contain significant amounts of fats, carbohydrates, proteins and vitamins, but are yet gaining wide popularity across the globe. Many companies in the hot sauce industry do not disclose the type of pepper being used. Manufacturers often engage in aging contains of manufacturing hot sauces to achieve the desired taste. These sauces are generally distributed through wholesales, supermarkets, small food stores, and through players in the food service space. Companies in the hot sauce industry often invest significantly in marketing and advertising, as product differentiation is peripheral.

 Globally the prime factor driving the demand for hot sauces is the influence of Asian, particularly Indian, and Latin cuisine across all geographies. Increasing young population coupled with increasing globalization has led to an advent of diversity in food choices of young people, who are significantly proffering spices, thus fuelling revenues in the global hot sauce market. Further rising consumption of fast food among busy city dwellers can be considered as another factor for the increasing demand for hot sauces, particularly in the developing countries of Asia. Moreover, improving life style has led people across the globe try different cuisines, which can be considered as another prominent factor driving the demand for hot sauces. Apart from this, increasing trends for food travelling across the globe is also escalating the demand for hot sauces.

 The global Hot Sauce market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). Asia Pacific Exc. Japan is the global leader in terms of consumption of hot sauces, amid cuisine in the China, Indonesia, Malaysia, Singapore and Thailand favouring spices as a major ingredients. Moreover, in terms of growth in the hot sauces market, North America, is anticipated to be the fastest growing market for the demand of hot sauces, as the youth in the US showing high preference for spicy foods, and restaurants in the region significantly incorporating more and more recipes incorporating hot sauces. Western Europe accounts for a small share of the global hot sauce market and due to increasing preference towards healthy food in the region, demand in the region is anticipated to expand sluggishly over the forecast period. Middle East and Asia is another prominent region for the continuous demand for hot sauces. In Latin America is anticipated to remain as a prominent market for the demand of hot sauces, with a majority of demand coming from Mexico and Brazil. As recent studies have shown high preference towards hot sauce among 65+ population, demand from Japan is anticipated to expand significantly over the forecast period.

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 Some of the key players identified in the global Hot Sauce Market includes:

 Huy Fong Foods,,B&G Foods,

Frito-Lay, Inc,Sunrise Foods LLC,Fresh Foods International LLc,KCT Food Inc.,

Socodal Conserves,Obelisk International Foodstuff Inc.,Yu Lin Chilli Sauce Company,Sinaloa Food Co.,Salsas Tierra Brava,

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Food Fortifying Agents Market to Rear Excessive Growth During 2024

Foods are often fortified with micro-nutrients in order to make it more nutritious. These micro-nutrients can be vitamins or minerals and can be added by commercial food companies to add more value to its products and drive more demand for people who prefer healthy food. Moreover, many government agencies across the globe also initiate health policies regarding addition of beneficiary nutrients in meals or staple products, particularly cereals and dairy products to reduce the dietary deficiency cases in their countries. Furthermore, the global food fortifying agent industry is a forte of extensive R&D and potential health advantages of micro-nutrients to enhance body growth, together have led to wide-scale adoption of food fortifying agents. The global food fortifying agent market is expected to expand with an impressive CAGR over the forecast period.

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 The prime factor driving the demand for food fortifying agents are rising consumer awareness coupled with the increasing cases of chronic diseases such as cardiovascular diseases, Alzheimer disease, high blood pressure, and many others. Moreover, there has been a record increase in cases of vitamin deficiency which has been another prime factor fuelling revenues in the global food fortifying agents market.

 Furthermore, globally many food producers have started recognizing the benefits of food fortification in gaining competitive advantage, thus driving more demand for food fortifying agents. Rapid innovations in the food fortifying industry has also contributed significantly to the increasing demand for food fortifying agents, as they immensely improve the ease of increasing the nutrient value of the diet. Apart from this, due to increasing awareness regarding consumption of high quality healthy foods coupled with alteration in health trends are elevating the global food fortifying agents market. High cost of food fortifying agents can be considered as the prime factor restraining the growth in the global food fortifying agents market.

 The global food fortifying agents market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). Historically, North America has been the global leaders in demand for food fortifying agents, amid increasing prevalence of diseases and rising obesity cases in the region. This coupled with significant awareness about food fortifying agents and government increasing preference towards its usage have together contributed towards the dominance of North America in the global food fortifying agents market. Asia Pacific Exc. Japan (APEJ) is another prominent region which is contributing significantly to the rapid growth in the global food fortifying agents market. Rapidly increasing prevalence of chronic diseases in China and India is prominently fuelling revenues in the APEJ’s food fortifying agents market.

 Western Europe is also a prominent region in terms of consumption for food fortifying agents, but due to rising awareness about healthy food, the region is anticipated to execute a sluggish growth over the forecast period. Governments of MEA and Latin America have been sluggish in adopting food fortifying agents and defining laws regarding the same, thus the regions are expected to account for a niche market share in the overall global food fortifying agents market. Japan struggling with its aging population presents a lucrative demand for fortifying agents aimed towards the nutrient supply for the higher age groups.

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 Some of the key players identified in the global Food Fortifying Agents Market includes:

 Cargill Incorporated,I. du Pont de Nemours and Company,Royal DSM,

BASF SE,Arla Foods,Archer Daniels Midland Company,Hansen Holdings A/S,

Nestle Sa,Ingredion Incorporated,Evonik Industries AG,Kellogg Co.,PPG Industries Inc.,

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Anthopogon Oil Market to Record an Exponential CAGR by 2024

Anthopogon is an aromatic medicinal herb whose stems and leaves are broadly use in Tibetian herbalism. Its botanical name is Rhododendron anthopogon whereas commonly known as sonpati. Anthopogon is sweet, bitter and strigent to taste and release heat. Though it is found in North American and European region but is native to the Himalaya ranging from East Asia to Western China. It blossoms at the hillsides of Bhutan to mid Nepal, harvested in wild and is known for its medicinal and cosmetic beneficiaries. All parts of this shrub is vital to use; flowers and leaves are used as a tea to cure digestive system. Its Oil is extracted by steam distillation of aerial part of anthopogon shrub which is further used in perfumery, cosmetics, soaps, bath oils, shampoos, creams and many others usage. More than 80% of anthopogon oil is exported to Europe and North America. The global anthopogon oil market is anticipated to expand with an impressive CAGR over the forecast period.

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 The rising demand of aromatherapy coupled with growing applications for fragrance and flavors in food and beverages, medicinal usage and personal care is encountered as the major factors that drive the market of anthopogon oil. Unlike most conventional drugs and medicines, naturally extracted oil, anthopogon carry no detrimental side effects therefore consumers’ reliability increases towards natural product, increasing demand for natural care product line and pleasant scented fragrances in cosmetic, spa, perfumes and relaxation application rises demand and expectations worldwide. Rapid industrial growth and increasing disposable income of consumers are also fueling the market of anthopogon oil worldwide.

 Although demand and necessity of anthopogon oil in the essential oil market can be seen broadly, but the major factor which hamper the market particularly for anthopogon oil is the rising concern of shortage in resource cultivation, as an excessive amount of plant material is required to prepare single ounce of oil. Similarly, many other challenges such as expensive production process, high capital investment and government certification for trading the herbs are some factors that hinder the market growth.

 Based on the geographies, anthopogon oil market is segmented into seven regions - North America anthopogon oil market, Latin America anthopogon oil market, Eastern Europe anthopogeon oil market, Western Europe anthopogeon oil market, Asia Pacific excluding Japan anthopogon oil market, Japan anthopogon oil market and the Middle East & Africa anthopogon oil market. Owing to rising awareness and growing demand for medicines, natural cosmetics and beauty products among youth and vast geriatric population of countries such as France, Germany, UK, Spain and Italy made Eastern and Western Europe dominating region in the market of anthopogon oil. High disposable income, governmental subsidies and tax benefits encourage production and application of anthopogon oil accelerates its market in North America region. Asia Pacific excluding Japan is an emerging region because of the rapid industrial and disposable income growth in the developing countries such as India, Chian, Vietnam and Thailand, this growth is fueling the market of anthopogon oil including other essential oil.

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 Some of the market players accounting on anthopogon oil market includes Sydney Essential Oils, Farotti Essenze, Biolandes, The Lebermuth Company, HRF, doTerra, Essential Oils, Young Living Essential Oils, , Sydella Laboratoire, Moksha Lifestyle Products, Falcon and Ungerer Limited among others

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Processed Fish Market to Perceive Substantial Growth During 2024

The word fish is associated with eatable aquatic species such as finfish, crustaceans, and mollusk. Fish is one of the delicate food which demands proper handling for a long shelf life so that it do not lose its nutritional value and desired quality, the primary concern from which fish is to be protected is the deterioration issue. Many contributors are involved in fish processing such as fishermen, fish sourcing suppliers, seafood processors, manufacturers, logistics and distribution, marketing & sales, and end-use industries or consumers.

 Hence processed fish or fish products are obtain by undergoing series of operations from the time fish were harvested; till the time fish or fish products are delivered to the consumers. Mostly, big business in fish processing operates their own fish farming operations. Earlier fishery products were dependent upon very simple methods majorly on knives and salt, this hinder quality of the fish product when reached to the consumers at distant places. In 1980 market price of fish products totally liberalized, this brought a great change in seafood industry; all modern techniques adopted while giving the variety of processed fish food globally.

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 The growth in the processed fish market is primarily attributed to the increasing demand for processed seafood among consumers and economic growth landing to rising disposable income are driving the growth of the processed fish market. Besides, change in lifestyle pattern, particularly in the developing countries, are increasing demand for processed fish. Due to hectic lifestyle, time-strapped people prefer processed fish products over others as it provides healthy food options which are convenient to cook and minute ready to eat. On the other hand, the major factor restraining the growth of processed fish market is the increase in the price of raw material used for manufacturing processed fish. Regarding geography, the processed fish market has been categorized into seven key regions including North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Japan, and the Middle East & Africa.

 The Processed Fish market is expected to register healthy CAGR during the forecast period. Asia Pacific excluding Japan is experiencing the rapid increase in the production capacity of processed fish market as a demand ready to eat seafood as a substitute for protein is rising in developing countries such as China, India, and South Korea. The Eastern and Western Europe are projected to register healthy growth in countries such as UK, Portugal, Italy, France, Germany shows increment in the usage of marine food in catering while demanding processed seafood. North and Latin America is also witnessing steady growth in processed food market.

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 Some of the key player’s global processed fish market are Iglo Group, High Liner Foods, Norway Pelagic ASA - Pesconova S.A., Royal Greenland A/S, Leroy Seafood Group, Thai Union Frozen Products Public Company Limited, Marine Harvest, Dong Won Fisheries, Nippon Suisan Kaisha, Ltd., Leroy Seafood Group ASA, Empresas Aqua Chile, Beijing Princess Seafood International Trading, Findus Group, Faroe Seafood, Kverva, Hansung Enterprise, Maruha Nichiro Corporation, and Charoen Pokphand Foods PCL among others.

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Orange Concentrate Market to Rear Excessive Growth During 2024

Orange concentrate is the process in which juice from the fresh orange is squeezed leaving behind pulp, all liquid from juice is then dehydrated, yielding the product seven times more concentrated than juice. The process of orange concentration is done by compressing and then freezing the juice; this allow more efficient packaging and transportation, water is added again before selling the product. This dehydration of fresh oranges is creating many debates, at one end where the question is raising on its nutritional value, other end concentrated oranges are providing an opportunity of getting many varieties of food products fused with orange flavor.

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 The ever growing demand for fruit juices in every region of the world is the primary reason that enhance the growth of orange concentrate products across the globe. Growth in food and beverages industry is another reason to improve the market. The products of orange concentrate are three to seven times concentrated, which makes it very less in volume as compared to the fresh orange. This ease the transportation, shipping and warehouse of the product while being less expensive. Major drive orange concentrate provides to the end user industries is the nutritional value while being natural sweeteners, flavor and color agent to food over other edible synthetic sweeteners and artificial colors. This provides the manufacturers for labeling their foodstuffs as natural and a healthier version of products made from sucrose, synthetic flavoring, and color.

 Although demand and necessity of concentrate orange in the market can be seen broadly but some factors such as awareness among consumers about occurrence of ill effect on consumption of excess fructose, awareness about benefits of fresh orange over concentrated orange and dependence of concentrated orange market on the production of oranges worldwide hinder the orange concentrate market worldwide. Orange concentrate market is also, to a scope, reliant on end use industries such as confectionary, beverages and bakery. Hence, market growth of orange concentrate market also depends upon the market growth of these end-use industries.

 Based on the geographies, orange concentrate market is segmented into seven regions - North America orange concentrate market, Latin America orange concentrate market, Eastern Europe orange concentrate market, Western Europe orange concentrate market, Asia Pacific excluding Japan orange concentrate market, Japan orange concentrate market and the Middle East & Africa orange concentrate market. Increasing awareness of the harsh effects of sugar, together with the growing demand for convenience foods among countries such as U.S, Canada, Mexico made North America and Latin America dominating region in the market of Orange Concentrate. The second leading region is Eastern and Western Europe where countries such as Germany, France, Italy, U.K and Spain practices orange concentrate juices mostly in confectionery and bakery segment of the food industry. Asia Pacific excluding Japan is an emerging region because of the developing countries such as China, India rising intake of nutritional food items. Besides, there is an increase in the forward trend towards the consumption of processed food products which further shows the growing use of orange concentrate.

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 Few of the market players accounting on orange concentrate market includes Cargill Inc. (U.S.), Tate & Lyle (England), Ingredion (U.S.) and E.I. DuPont de Nemours and Company (U.S.) among others. There is the competition among key players of this market for achieving market share, these companies are adapting several strategies such as partnership, innovative product development, expansion of existing facilities and merger and acquisition.

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Human Milk Oligosaccharides (HMO) Market to Expand with Significant CAGR During 2024

Human Milk Oligosaccharides (HMO) is a complex bioactive sugar molecule present in human milk. It functions as growth substrates for particular beneficial bacteria. Due to being structurally complex and diverse, extracting or synthesizing them for use in the formula is challenging. As human milk oligosaccharides (HMO) is beneficial for microbiome and immunity, therefore, many new techniques are getting researched and developed by the key player which include extracting HMO from cow milk, practicing expensive techniques (chemically or enzymatically synthesizing) or using microbes to produce them. Human Milk Oligosaccharides (HMO) products are expensive because a large amount of human milk is to be synthesized to achieve a handful of HMO. Hence as a remedy extracting and synthesizing techniques are improving.

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 The human milk oligosaccharides (HMO) market is expected to experience investments over the forecast period; the key factors that lift the market growth include the increase in application scope in infant formula and functional beverages, rapid technological advancement in the product line, rising awareness of health and increasing dairy industry. The shift in lifestyles focusing towards nutritious food is likely to lift product need. Among all applications, use in infant formula registers significant share in terms of volume for this market; this is because of the concerns related to child malnourishment and mortality all over the globe. Human milk oligosaccharides (HMO) abide prebiotic properties, ability to enhance memory & brain development as well as high nutritional content, these quality propel market demand of human milk oligosaccharides (HMO).

 Although demand and necessity of Human Milk Oligosaccharides (HMO) in the market can be seen broadly, many manufacturers such as Inbiose and others uses methods such as fermentation technologies, chemical and enzymatic synthesis, etc., for manufacturing human milk oligosaccharides. Among methods mentioned above chemical and enzymatic synthesis method are costly and have low raw material availability, thus restraining the market.

 Regarding geography, the human milk oligosaccharides market has been categorized into seven key regions including North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Japan, and the Middle East & Africa. The human milk oligosaccharides market is expected to register healthy CAGR during the forecast period. Due to a large number of manufacturers as well as growing demand for infant formulas in countries such as Germany, France, Italy, U.K and Spain together with the considerable growth of dairy products demand in UK and Germany made Eastern and Western Europe leading region in human milk oligosaccharides (HMO) market. In developing countries such as China, India, and South Korea growth in the health concerns vis-à-vis chronic diseases like high blood pressure, diabetes, and rickets and above all, rising demand for nutritional supplements from China and India is expected to witness highest growth rate in the human milk oligosaccharides market. Whereas, North and Latin America are experiencing steady growth.

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 Human Milk Oligosaccharides (HMO) market has a limited number of the manufacturer, this led to high competitive conflict among companies, and some of the key players in this market are Elicityl SA, Medolac Laboratories, Inbiose, Glycosyn, ZuChem, Jennewein Biotechnologie, and Glycom. Human Milk Oligosaccharides (HMO) market is competitive, to keep their product updated and in demand, extensive research and development are practiced by the key players to come up with the cost effective technology product line, therefore due to technological advancement coupled with reduction in prices, the market is hindering entry of new entrance.

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Hispanic Foods Market to Record an Exponential CAGR by 2024

The word Hispanic refer to the nation, culture, people adhering ancient relation with Spain. It is a colony of Spanish people in America and Asia particularly covering Latin America and Philippine region. They are majorly illustrated as the Spanish speaking, Hispanic food eating people, who participate in Hispanic festivals and holidays. There are wide-ranging food products in the Hispanic community which is gaining popularity all over the world especially, North America and Asia. Nachos, pickles, tortillas, peanut butter, burritos, salsa, pretzels, tacos are some of them who made recognition as international food and entrance in international restaurants. Due to popularity for Hispanic food among Americans attracted many food manufacturing firms to come up with the variety of product lines. It is encountered that scope of Hispanic food is far large than Hispanic food consumer and this provide retailers and mainstream marketers to experiment with traditional Hispanic food with other varieties as per consumers regional area and eating preferences.

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 Ongoing growth of the Hispanic American population, in quantities and as a share of the total population; the rising interest of the majority population regarding the desire for new dining experiences; and the creative efforts of the vendors to accomplish buyer’s desire has enhanced the growth of Hispanic Foods across the globe. Growing distribution channels are positively affecting the market of Hispanic foods. Availability of Hispanic foods in packages has also enhanced its market all over the world and provided a growth opportunity for Hispanic food to cover the broad range of customers. Major Hispanic food marketers are coming up with new varieties especially with the product line which contains aura of authenticity. This variety is attracting ‘foodies’ all over the globe. Also, marketers are coming up with the combination of their product with the latest trend, especially joining the trend of ‘free from’ type of foods. This strategy provides them the opportunity to capture trend following consumers as well.

 Regarding geography, the global Hispanic foods market has been categorized into seven key regions including North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Japan, and the Middle East & Africa. The Hispanic Foods market is expected to register healthy CAGR during the forecast period.

 The growing appetite of non-Hispanic Americans for Latino cuisine pooled with the rapid increase in Hispanic population in countries such as U.S, Canada and Mexico made North America followed by Latin America dominating region in the market of Hispanic Foods. The other region is Asia-Pacific excluding Japan which is accounting as an emerging region in Hispanic foods market because of the rising trend of in taking processed food, packaged food, urban lifestyle, tight schedule and restaurant eating trend in developing countries such as India, China, Soth Korea, etc.

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 Some of the key players of global Hispanic Foods market are Grupo Lala, Abuelo's, Taco Bell, AlegroFoods, PepsiCo, Amigofoods, Patrón, B&G Foods, Pappasito's Cantina, Baja Fresh Mexican Grill, On The Border Mexican Grill & Cantina, Barcel USA, Olé Mexican Foods, Campbell Soup, Not Just Mexican, Churromania, My Mexican Pantry, ConAgra, La Preferida, Concha y Toro, Kraft Heinz, Del Taco, Juanita's Foods, El Meson Sandwiches, Jose Cuervo, Frito-Lay, Rowland Coffee Roasters, General Mills, Hormel, Goya, Herdez, Gruma, Grupo Modelo, and Grupo Bimbo Bakeries.