Essential Oils & Plant Extracts for Livestock Market Worth $3.31 Billion By 2025

The global essential oils & plant extracts for livestock market size is expected to reach USD 3.31 billion by 2025 at a 6.4% CAGR over the forecast period, according to a new report by Grand View Research, Inc. Growing concerns regarding livestock health and nutrition are expected to be a key factor driving demand for essential oils and plant extracts in livestock feed additives.

Essential oils are volatile organic compounds (VOC) with a delicate balance of beneficial vitamins, minerals, and other components. Immunomodulation potential of various essential oils, along with their anti-inflammatory properties, are expected to drive their demand in the livestock sector over the forecast period.

Botanical extracts and herbs are gaining preference as animal feed additives owing to a reduction in the use of antibiotic growth promoters and ban on dietary antimicrobial agents. Plant extracts and phytochemicals influence food consumption patterns, total feed intake, and secretion of digestive fluids and enzymes.

Various benefits and properties of essential oils and plant extracts, including improvement of gut health, boosting immunity, and increasing yield, are expected to drive the market over the forecast period. Apart from these benefits, essential oils and plant extracts are used to support animal health by providing nutrition and organic minerals and improving protein breakdown to increase muscle density in ruminants, poultry, and swine.

Furthermore, technological breakthroughs, along with the invention of new formulation recipes, are anticipated to bolster demand in the coming years. Increasing adoption of supplementation programs and the need to maximize net returns by using available roughages inefficient manner are likely to increase demand for liquid supplements in ruminants.

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https://www.grandviewresearch.com/industry-analysis/essential-oils-plant-extracts-for-livestock-market

Further key findings from the report suggest:

The global essential oil & plant extract market is anticipated to reach USD 3.31 billion by 2025, at a CAGR of 6.4% from 2018 to 2025
By product, the plant extract segment is projected to expand at a CAGR of 6.4% over the forecast period
On the basis of form, the solid segment dominated the global market with a share of more than 61.0% in 2017
Asia Pacific is projected to exhibit a notable CAGR of 6.8% over the coming years, owing to the growing demand for meat
Some of the key players in the market are Manghebati SAS, Olmix S.A., Trouw Nutrition, and Danisco (DuPont Danisco Animal Nutrition), Orffa, Herbavita, Kemin Industries, and Herbarium Laboratories.

Animal Feed Enzymes Market Size Worth $2.67 Billion By 2025

The global animal feed enzymes market size is expected to reach USD 2.67 billion by 2025, according to a new report conducted by Grand View Research, Inc. Rising requirement for enhanced nutritional value and quality in meat & dairy products is estimated to provide significant scope for the consumption of key feed processing additives including enzymes, vitamins, and emulsifiers over the years ahead. Furthermore, growing consumer awareness regarding the vitality of animal protein intake is likely to play a crucial role in influencing the scenario of the feed enzyme industry.

Phytases, carbohydrases, and proteases are the primary products used as enzymes that are utilized in different animal nutrition sectors including poultry, pigs, and ruminant. These products improve the performance of foodstuffs and make it easily digestible for the livestock categories.

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http://www.grandviewresearch.com/industry-analysis/animal-feed-enzymes-industry

Further key findings from the report suggest:

Central & South America and Middle East & Africa are likely to witness growth on account of significantly increasing livestock farming and breeding activities in major parts of both the regions. This scenario is estimated to reflect mainly in Brazil, Argentina, Chile, Venezuela, Egypt, South Africa, and Saudi Arabia.
Carbohydrases, one of the major ingredients utilized in the animal feed industry, generated USD 149.3 million in 2015. These products help in the synthesis of carbohydrates into simple, digestible sugars.
Proteases are rapidly gaining importance as key protein digestibility enhancers in animal foodstuffs & nutrition sectors, and the segment is expected to grow at a CAGR of 9.9% over the next nine years. In May 2014, Royal DSM N.V. launched a new product range of protease enzymes. This strategic move was implemented to keep up with the growing consumer requirements of animal proteins coupled with the rise in meat consumption in developing nations.
The industry is highly concentrated in nature owing to the presence of numerous manufacturers on a global as well as regional level. This, in turn, has intensified the competitiveness of the industry in recent years. Furthermore, the leading feed enzyme producers including Danisco A/S, Royal DSM N.V., and Novozymes accounted for more than 50% of the total animal feed enzymes market in 2015.
Other prominent players include BASF SE, ENMEX S.A. de C.V., Advanced Enzymes, Adisseo, Elanco, BioResource International, Inc., Beldem S.A., and AB Vista
Various prominent manufacturers have integrated business operations across the global value chain. These players are not only into manufacturing value-added enzymes, but they also have a strong presence in raw material supply, product distribution, and end-use sectors.

Soy Dessert Market Size Worth $90.2 Billion By 2025

The global soy dessert market size is expected to reach USD 90.2 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.2% over the forecast period. Growing awareness about the health benefits, rising lactose intolerance, and shifting trends to healthy sweets are expected to drive the market in the forecast period.

Soy milk contains less fats, carbohydrates, and cholesterol as compared to dairy milk, thus rising health consciousness among young consumers is expected to increase the demand for the product in the coming years. The product is high in protein and it helps in weight loss thus are good for obese population. These are the prominent factors that are expected to drive the market for the product in the forecast period.

Based on distribution channel, hypermarket dominated the market and accounted for more than 65.0% share of the global revenue in 2018. Availability of a wide variety of the products under one roof, discounts, and presence of international players are the prominent factors for the segment growth. Online retailers is the fastest growing segment and is expected to witness significant growth in the forecast period. Increasing internet usage and penetration in the rural areas and ease of access to the young consumer group are propelling the demand for the segment in the forecast period.

Cakes and pastries dominated the market and accounted for more than 65% share of the overall revenue. Increased usage of the product in countries such as U.S and other European countries and high intolerance of lactose are driving the market for the product. Ice cream is the fastest growing segment and is expanding at a CAGR of 8.0% in the forecast period. Presence of a large number of flavors and pocket-friendly small packs are the prominent factors for the segment growth. In countries such as Brazil, consumption of ice cream is higher in comparison to cake.

North America is the dominant regional market and the region accounted for 28.0% share of the overall revenue. High lactose intolerance among consumers in countries such as Canada and U.S is the prominent factor driving the regional market. Asia Pacific is the fastest growing region and is expanding at a CAGR of 8.3% in the forecast period. Increasing awareness about health problems due to lactose in developing countries such as India and China and large consumer base of more than 34.0% of the global population are the prominent factors for the regional market growth.

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https://www.grandviewresearch.com/industry-analysis/soy-dessert-market

Further key findings from the study suggest:

By product, ice cream is projected to expand at a CAGR of 8.0% over the forecast years
Hypermarket is the most preferred distribution channel and it accounted for more than 65.0% share of the overall revenue in 2018
Asia Pacific is the fastest growing regional soy dessert market with a CAGR of 8.3% due to its large variety of products, advertisement, and discounts

Bromelain Market Size Worth $59.2 Million By 2025

The global bromelain market is expected to reach USD 59.2 million by 2025, growing at a CAGR of 8.7%, according to a new report by Grand View Research, Inc. Rising expenditure in R&D to use bromelain to cure diseases such as cancer & acquired immune deficiency syndrome (HIV AIDS) is expected to have a positive impact on the market during forecast period.

This digestive enzyme is extracted from pineapple fruit & stem and is used in numerous industries including healthcare, meat & seafood, dietary supplements, cosmetics, bakery and beverage. Globally, meat & seafood industry is found to be the largest end user industry for this market where its main application is to improve tenderness of meat & seafood.

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https://www.grandviewresearch.com/industry-analysis/bromelain-market

Further key findings from the report suggest:

Meat & seafood was the largest application segment, accounting for 56.8% of the global market volume in 2016. Rising importance of functional ingredients in meat & seafood industry for enhancing the properties of finished food products as a result of technological innovation is expected to promote the use of bromelain.
Healthcare industry accounted for 25.5% of global market share in 2016 and is expected to grow at a CAGR of 9.2 %, by volume in between 2017-2022. As per World bank, global healthcare industry is expected to witness a global GDP expenditure of around 10.5% by 2020. Around USD 8.7 trillion is expected to be spent in this industry every year till 2020. Emerging technologies in developed nations and emergence of demand for the product in the developing nations are the two factors which are expected to drive the market during the forecast period.
North America accounted for 26.8% of the overall volume market share in 2016 and is expected to maintain its position over the next eight years. Growth in meat & seafood sector coupled with surge in R&D in healthcare sector are the two major factors helping North America to maintain its position.
Key industry participants include Enzybel International SA, Great Food (Biochem) Co., Ltd, Hong Mao Biochemicals Co., Ltd., Biozym Gesellschaft für Enzymtechnologie mbH, Enzyme Technology (PTY) Ltd, Guangxi Nanning Javely Biological Products Co., Ltd, and Nanning Doing-Higher Bio-Tech Co., Ltd.
Advantages such as easy procurement of raw material, low production cost and non-toxicity are major reasons leading to increase its demand over other proteolytic enzymes like actinidin from kiwifruit and ficin from figs.

Synthetic Leather Market Worth $40.9 Billion By 2027

The global synthetic leather market size is expected to reach USD 40.9 billion by 2027, according to a new study by Grand View Research, Inc. The market is projected to expand at a strong CAGR of 4.4% in terms of revenue during the forecast period. Increasing scope of application for the product in footwear has been a major factor driving the growth. In addition, growing importance and awareness about animal rights set by several organizations and stringent laws regarding the usage of real leather are propelling the demand for synthetic leather.

Superior properties of this material, such as high gloss finish, durability, strength, UV resistance and easy maintenance are anticipated to positively influence the application. Moreover, products made from faux leather are cheaper and thus, continue to attract consumers, especially from middle- and high-income level groups. However, in countries, such as Japan, the product is facing competition from Fumikodata, which is a replica of real leather and is a cruelty-free material. Polyurethane (PU) was the largest product category in 2017 and is expected to register the fastest CAGR over the forecast period.

PVC is anticipated to witness sluggish growth on account of its properties, such as sticky finish and lesser durability. Footwear application segment is expected to observe a considerable growth over the upcoming years. Cheaper costs, fluctuating climatic conditions in several regions creates needs for different types of footwear. Rising disposable income levels in emerging regions are also fueling the demand for synthetic leather in footwear segment. Moreover, trend of incorporating athletic shoes in daily lifestyle is further augmenting the product demand.

The ongoing spread of coronavirus pandemic across the globe is severely affecting the production, import, and export of leather and its byproduct, which, in turn, is anticipated to negatively affect the growth of the global market. As COVID-19 continues to spread across the world, order cancellations and shipping complications are surging throughout the leather industry. End-use industries such as automotive, furniture, footwear, and textile are witnessing a sharp decline, in terms of demand and production, on account of reducing discretionary spending, factory shutdowns, limitations on the supply and transport, and a slowdown in infrastructure development activities across the globe. This, in turn, is anticipated to hamper the global market for the next two quarters of 2020.

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https://www.grandviewresearch.com/industry-analysis/synthetic-leather-market

Further key Findings from the Study Suggest:

PU leather emerged as the largest product segment in 2019 and is estimated to generate revenue over USD 25.4 billion by 2027
Asia Pacific is projected to witness the fastest growth over the estimated period owing to rapid economic growth across countries, such as India, China, Japan, and Korea
Rapid development of construction and automotive manufacturing industries in Asia Pacific is also fueling the product demand in the regional market
Countries, such as South Korea, Taiwan, China, and India, are emerging as leading producers in the global market as a result of available of relatively cheaper raw materials

After Sun Care Products Market Size Worth $2.81 Billion By 2025

The global after sun care products market size is estimated to reach USD 2.81 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 3.1% during the forecast period. Rising product penetration in personal and skincare applications globally is likely to act as a key growth stimulant over the forecast period.

Growing awareness regarding the importance of sun care products and post UV exposure products for complete skin repair is one of the key factors influencing the demand for after-sun products across the globe.

Lotion dominated the product market, mainly on account of multiple benefits offered and versatility of the product. Lotions are available for all skin types, climatic conditions, consumer preferences, and most importantly, at reasonable prices. Gel-based products and sprays are gaining popularity among seasonal users on account of ease of handling, application and reapplication, and better absorption by the skin.

The global after sun care products industry is anticipated to witness the highest revenue growth in the Asia Pacific, at a CAGR of 4.3% over the forecast years. Major industry players, including L’Oréal SAS, Beiersdorf AG, Clarins Group, Lancaster Group, and Unilver Plc, are engaged in the manufacture, marketing, packaging, and distribution of after sun care products, globally.

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https://www.grandviewresearch.com/industry-analysis/after-sun-care-products-market

Further key findings from the report suggest:

The after sun care products market recorded a valuation of USD 2.23 million in 2017 and is projected to rise at a CAGR of 3.1% over the forecast period. Growing product popularity among the youth population across the globe is poised to benefit the overall growth
After sun cream market was valued at USD 516.9 million in 2017 and is expected to witness steady growth over the forecast period, on account of burgeoning demand for light oil-based skin repair cream for face & body for deep nourishment and healing of sunburnt skin
The after sun gel segment is estimated to post a CAGR of 3.3% from 2018 to 2025. Widespread use of aloe-vera based gel formulation for instant relief from skin irritation and skin-soothing & hydration are key factors driving product demand
Europe dominated the global market for after sun care products in terms of revenue. The region was valued at USD 666.6 million in 2017 and is projected to witness significant growth in the near future on account of the rising incidence of skin cancer and other skin disorders in the U.K., France, Belgium, and the Netherlands, among others.
Some of the key strategies adopted by industry participants are mergers & acquisitions and integration across the value chain in order to strengthen their product portfolios and global distribution networks.

Technical Textile Market Size Worth $250.6 Billion By 2027

The global technical textile market size is expected to reach USD 250.6 billion by 2027, expanding at a CAGR of 4.5%, according to a new report by Grand View Research, Inc. Superior properties of technical fabric such as excellent strength, versatility, and superior performance make them desirable for numerous industrial applications.

Farmers are shifting their focus towards agro-tech products owing to uncertainty in climate, limited availability of water, and threat to crops from being damaged by insects and pests. These agro-tech products are expected to boost agricultural productivity, thereby boosting market growth over the forecast period.

Factors such as increasing demand for high-performance and energy-efficient fabric and stringent government regulations regarding performance in various applications have driven market growth. Technical fabrics are been witnessing burgeoning penetration in end-user industries for varying applications, such as automotive, packaging, and medical.

Changing consumer preference toward fashion and high-level of quality and technology has further intensified the complexity of the process. Hence, it makes the manufacturing process more difficult and complex, creating high synergy between functional design, innovative approach, advanced technologies, fashion considerations, and smart materials.

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https://www.grandviewresearch.com/industry-analysis/technical-textiles-market

Further key findings from the report suggest:

Thermo-forming technology is increasingly used for the manufacturing of technical fabrics. This segment is projected to witness a CAGR of 5.4% from 2020 to 2027 and reach USD 33.3 billion in 2027
The agro textile end-use segment accounted for USD 4.5 billion in 2019 on account of its functional benefits, including superior weather resistance, protection from micro-organisms, protection from solar radiation, ultra-violet radiation, and water conservation
In Europe, the market is projected to witness a CAGR of 4.3% from 2020 to 2027 on account of the rising demand for the fabrics in household and fashion and clothing applications
In Asia Pacific, the market accounted for USD 81.2 billion in 2019 and is expected to witness exponential growth over the forecast period owing to the expansion of residential, commercial, and industrial sectors in the region
In China, the market accounted for USD 29.8 billion in 2019 and is projected to witness a CAGR of 6.3% from 2020 to 2027 owing to the availability of raw material at low cost.

Wind Power Market Demand to Reach 88.1 GW in 2027

The global wind power market demand is expected to reach 88.1 GW by 2027, expanding at a CAGR of 5.2%, according to a new report by Grand View Research, Inc. The market is driven due to increasing demand for clean and affordable energy. Governments across various nations have been supporting the use of renewable energy sources including solar power, hydropower, wind power, and biomass. Regulatory bodies are emphasizing on reducing carbon footprints and reduce reliance on conventional energy sources which in turn is promoting energy generation using wind turbines.

Increasing energy needs in countries such as India, China, U.K., and Brazil, owing to rapid industrialization is projected to have a positive impact on market. Wind energy finds wide use in numerous sectors such as commercial and residential. The onshore turbines have emerged as a valuable renewable energy source, across the world. The cumulative installed onshore turbine power capacity is projected to observe a count of 10.0% in 2019 as compared to the 2018 capacity. Though the offshore turbine sector has been gaining thrust in the market.

Regions such as South America and Middle East and Africa offer a robust business opportunity for the market and countries, such as Brazil, Chile, and South Africa, are expected to play vital role in the development of the market in these regions. Demand for electricity generation from green and clean source is increasing, which is likely to drive the market in coming years. Besides, the massive wind energy potential, coupled with a continuous decrease in the cost of installation, is expected to offer extensive business opportunities to the market in upcoming years.

The utility application segment held the largest volume share in the market in 2019. Easing of installation barriers for utility scale products and low installation cost are the factors driving the growth of the segment. Such projects are installed in large farms, which are connected to nation’s transmission system.

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https://www.grandviewresearch.com/industry-analysis/wind-power-industry

Further key findings from the study suggest:

Various government are focusing on reduction of carbon footprint which is expected to drive the renewable energy generation and thus the market
The onshore location segment accounted for 92.1% market share in 2019
Asia Pacific is projected to grow at a substantial rate throughout the forecast period. China is expected to account for the maximum market share in the region
Wind power accounted for a 7.3% of the total electricity generation mix in U.S. in 2018
North America is likely to display a moderate growth rate during the projected period.

Fruit and Vegetable Juice Market Size Worth $257.17 Billion by 2025

The global fruit and vegetable juices market is expected to reach USD 257.17 billion by 2025, according to a new report by Grand View Research, Inc. Some of the key factors driving the growth of the market are increasing consumption of fruit juices, introduction of fruit and vegetable blends, cold pressed juices, and rising disposable income in emerging countries.

Consumption of soft drinks such as non-alcoholic beverages, cola, flavored sodas, and other sugar sweetened beverages is seen to be reducing globally. These drinks have no nutritional value in a sharp contrast to fruit and vegetable juices available in the market. High sugar, fructose corn syrup, phosphoric acid, artificial sweeteners, and caffeine content are some of the main ingredients in such drinks that culminate to a wide range of diseases.

According to a research paper published by the Harvard University’s School of Public Health, individuals who consumed sugary drinks regularly are at a greater risk of developing diseases such as type 2 diabetes, obesity, and cardiac related disorders. The consumption of these drinks is also associated with loss of teeth in younger children due to dental caries and in some instances periodontal diseases. Thus, with rising cognizance among consumers, the sale of fruit and vegetable juices are seen to be increasing globally.

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https://www.grandviewresearch.com/industry-analysis/fruit-vegetable-juice-market

Further Key Findings From the Study Suggest:

Fruit juices contributed to the largest market share owing to high demand across the globe owing to availability of wide variations in the product scope
Fruit and vegetable blends are anticipated to gain the highest CAGR during the forecast period due to change in consumer tastes and cognizance
The North American region held the largest revenue share due to local presence of major market players and increasing R&D in order to cater to global markets
The Asia Pacific region is expected to account for the highest CAGR during the forecast period owing to rising investments by dominant players in the region and developments in emerging countries such as India and China

Furfuryl Alcohol Market Size Worth $772.6 Million By 2027

The global furfuryl alcohol market size is anticipated to reach USD 772.6 million by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.2% from 2020 to 2027. The growth in the market can be attributed to mounting demand for furfuryl alcohol from furan foundry binders. The principal use of the product is as a monomer in resins synthesis for bonding foundry sands in the conventional FURAN-NO-BAKE method and production of molds and cores, such as Warm-box, Hot-box, and gas hardened processes.

The product is extensively used in the production of furan resins and foundry sand binders owing to its unique properties. The flexibility of the product is huge as a binder base. It is also used in adhesive formulations either by itself or in combination with urea, acetone or phenol to produce solid resins. These types of resins are used for manufacturing aircraft components, fiberglass, and in the automotive industry. Growing demand for furfuryl alcohol resins from the construction and automotive sectors is expected to drive the market in the near future.

Growth in end-use industries across key countries in Asia Pacific is estimated to fuel the demand for furfuryl alcohol over the forecast period. However, the outbreak of coronavirus disease in Wuhan, China, in December 2019 has negatively influenced the Chinese markets as well as the economy. Shutdown of factories, trade bans, and domestic lockdowns are estimated to hamper the market growth in the country over a short period. The further spread of pandemic to India, Japan, South Korea, and Pakistan has blocked the raw material supply. China, the most affected Asian economy and the leading manufacturer, has observed a complete lockdown of manufacturing units in the country, which is estimated to result in the supply-demand gap in the short run.

Manufacturers involved in the market are integrated across the value chain. Companies such as TransFurans Chemicals bvba, ILLOVO SUGAR AFRICA (PTY) LTD, Pennakem, LLC, Hongye Holdings Group Corp., Ltd., and Hebeichem are among the key players as they have higher furfuryl alcohol output as compared to other players in the market. The leaders are well-equipped with large manufacturing facilities and are engaged in several research and development activities. These players are also leaders in the global market in terms of revenue, employee count, global footprint, and clientele base. ILLOVO SUGAR AFRICA (PTY) LTD. is integrated across the value chain. The company uses own sugarcane bagasse for furfural production and also manufactures furfuryl alcohol by using the furfural produced in their plant.

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https://www.grandviewresearch.com/industry-analysis/furfuryl-alcohol-market

Further key findings from the report suggest:

In 2019, resins emerged as the largest application segment owing to growing utilization of furfuryl alcohol in the production of furan resins and foundry sand binders for the foundry sector
In 2019, foundry emerged as the largest end-use segment due to wide utilization of furfuryl alcohol in the production of molds and cores for metal casting
In 2019, Asia Pacific emerged as the largest regional segment owing to mounting demand for furfuryl alcohol from several end-use industries, especially in India and China.