The report "Sucrose Esters Market by Application (Food, Personal Care Products, Detergents & Cleaners), Form (Powder, Liquid, Pellet), and Region (North America, Europe, Asia Pacific, South America, Rest of the World) - Global Forecast to 2025" The sucrose esters market is projected to grow from USD 76 million in 2019 to USD 106 million by 2025, recording a compound annual growth rate (CAGR) of 5.7% during the forecast period. The major factors driving the growth of the sucrose esters market include the increasing trend of spending on convenience food products in developing countries and the multifunctional properties of sucrose esters.

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The confectioneries subsegment in the food segment is projected to be the fastest-growing segment in the sucrose esters market during the forecast period.

The increasing usage of sucrose esters in confectioneries is due to its sugar crystallization properties, which improves the emulsification of molten sugar and oil, and prevents adherence to the teeth, machine or wrapping papers. It helps in increasing the plasticity, softness, and chewiness of chewing gums, and majorly increases the flavor insulating properties.

The cosmetics subsegment in the personal care products segment is projected to account for a larger share in the sucrose esters market during the forecast period.

Sucrose ester is used in cosmetics, such as foundation creams, lipsticks, face cleansing creams, and eye makeup cosmetics, which include eye shadow, eyeliners, and eyebrow products. Sucrose esters in cosmetic products help to thicken oils and silicon oil used in manufacturing cosmetics. It helps in enhancing the properties of cosmetic products by improving the sensory properties of oil and natural butter used for manufacturing cosmetics.

The powder segment is projected to account for the largest share in the sucrose esters market during the forecast period.

The powder form in the sucrose esters market has gained significant attention from the manufacturers for its functional benefits, such as emulsification, protein protection, sugar crystallization, and aeration, as well as its role in starch interaction. The usage of sucrose esters in the powdered form is witnessed in food applications, such as bakery products, dairy products, confectionery products, and packaged meat products, as it helps to increase the shelf life of food products. These factors are projected to drive the demand for sucrose esters during the forecast period.

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The Asia Pacific region is projected to be the fastest-growing market for sucrose esters during the forecast period.

The Asia Pacific region is projected to be the fastest-growing market for sucrose esters during the forecast period. The region witnesses a high demand for sucrose esters in dairy products, confectioneries, and bakery products. Furthermore, the rise in awareness about the functional benefits of sucrose esters has led to an increase in their usage in the personal care products segment. They help in improving the sensory properties of oil and natural butter, which has contributed to the growth of the sucrose esters market in countries, such as China, Japan, and India.

According to Adana Food Tech (China), sucrose esters are the key ingredients used across industries due to their functional benefits, such as emulsification, crystallization, and aeration. The company also stated that the usage of sucrose esters in the Asia Pacific region has drastically increased year-on-year (Y-o-Y) rate. The major players for the sucrose esters market in the Asia Pacific region include Dai-Ichi Kogyo Seiyaku (Japan), Compass Foods (Singapore), Zhejiang Synose Tech (China), Guangxi Gaotong Food Technology (China), Guangzhou ZIO Chemical (China), and Adana Food Tech (China).

The global food & beverages industry pumps market is estimated to be valued at USD 9.9 billion in 2022. It is projected to reach USD 12.9 billion by 2027, recording a CAGR of 5.3% during the forecast period. Food manufacturers are increasingly focusing their attention on achieving low production costs, rapid turnaround time, and high yield. This is facilitated through incorporating advanced pump technologies. The form in which the food material being processed comes in significantly influences the specific type of pumps employed as some food & beverage industry pumps are better suited for one form over another.

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Increase in demand for meat and poultry in Asia pacific

The consumption and production of meat, particularly in developed countries, remains high. The demand for meat and poultry products is expected to increase in developed countries such as the US, supported by factors such as lower prices of beef, pork, and poultry; increasing focus on enhancing the shelf life, quality, and safety of meat products; and the rising per capita consumption of meat. Meat & poultry-related pumps are expected to offer significant potential due to the growing meat & poultry industry. According to an article on Food Price Outlook, 2018, published by the USDA Economic Research Service, “the year 2018 is expected to exhibit a positive outlook for the pork industry as the number of pork processing facilities is expected to increase, which is expected to drive pork production further.”

Configured to grow at the fastest CAGR during the forecast period.

Configured pumps are sized and configured according to the flow rate and pressure requirements of the system or service. Pumps and pumping system components must be configured according to the needs of the end-use processes. There are several steps involved in the configuration of a pumping system. These include determining the proper pipe size, designing a piping system layout that minimizes pressure drops, and selecting low-loss components. To determine the proper pipe size, designers must balance the initial cost of the pipe against the cost of pushing fluid through it. Larger pipes create less friction loss for a given flow rate; however, larger pipes also have higher material and installation costs.

The 15-30 bar segment is expected to grow at the highest rate

Dosing pumps are small positive displacement pumps that are widely used in the food industry. These pumps are highly valued by convenience food and bakery manufacturing plants for their ability to precisely dose fluids with particles at high flow rates. They can also handle dairy products, sugar, and starches, as well as meat, fish, and animal food, and have a maximum pressure of 20 bar. Pumps in this pressure range are used in the meat & poultry processing industry. Progressive cavity pumps are a type of rotary volumetric pumps that fall into this category. These pumps are commonly found in the food processing industry. They are designed to meet the most stringent hygiene standards and have a consistent flow. Dairy products benefit greatly from this technology (milk, eggs, and yogurts). They are also used in the fruit handling industry and can have maximum pressures of up to 24 bars

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North America is projected to reach USD 3,162.9 million during the forecast period.

In 2021, North America accounted for 24.9% of the global food & beverages industry pumps market share. The markets within North America studied for this report are the US, Canada, and Mexico. North America is home to various multinational food manufacturing companies. Due to the busy lifestyles of consumers, there is a need to reduce the time required for cooking. As the time available for cooking is reduced, there is an increasing demand for processed food & beverage and frozen bakery products, a rising demand for processed meat in varied flavors, growing investment in meat processing facilities, an increasing safety requirement for processed meat products, a rising export to other countries, and the technological innovation has increased.

The key players in this market include Alfa Laval (Sweden), Fristam Pumpen Kg (Gmbh & Co.) (Germany), SPX Flow (US), GEA Group (Germany).

Cannabis Market is anticipated to reach USD 90.4 billion by 2026, recording a compound annual growth rate (CAGR) of 28.0% during the forecast period. It is witnessing significant growth due to increasing legalization of cannabis across various regions. Also, the growth of this market can also be attributed to the increasing awareness among consumers regarding health benefits and its growing medical application. The North America region is going to dominate the global cannabis market due to increasing legalization for both medical and recreational purposes all over North America.

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Recreational segment is projected to grow at the highest CAGR during the forecast period.

The recreational segment is projected to remain concentrated in the North American region. Despite its low availability in various countries, the consumption and demand levels are higher as compared to that of medicinal cannabis, due to which the demand for recreational cannabis is projected to surpass the demand for medical cannabis. Therefore, the legalization of recreational cannabis across other regions could translate into a larger market share for this segment. Due to these factors, the recreational segment is projected to witness the fastest growth in the cannabis market during the forecast period.

In-terms of product type, flowers to account for the largest share during the forecast period.

The flower is the actual bud that is found on the cannabis plant. Once harvested and dried, a flower is typically either smoked or vaporized. It is the section of the plant which can be smoked, also known as nuggets or bud. The dominance of the flower segment can be largely attributed to its wider availability and versatility in terms of offering numerous methods of consumption. Smoking or vaping cannabis flowers have a faster effect on consumers than consuming them for pain relief. Additionally, in comparison to concentrates, flowers are extensively able to retain a higher degree of flavor and aroma, which could be beneficial for a stronger consumer appeal. Additionally, flowers contain a higher degree of THC compounds as they are the most unprocessed and raw form of the plant, making them extremely appealing for recreational purposes.

The THC-dominant segment to account for the largest share during the forecast period.

The THC-dominant segment dominated the market in 2020 and is projected to grow at the highest CAGR during the forecast period to reach USD 60.5 billion by 2026. The dominance of this segment is majorly attributed to the fact that THC is the psychoactive substance in cannabis products that are responsible for the high. Even though high THC content is better known for its euphoria-inducing tendencies, it also has important medical benefits and is considered effective in relieving nausea, appetite loss, and insomnia, among other symptoms.

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The North America region to account for largest market share during the forecast period.

The North American market is primarily driven by the increasing legalization of cannabis for both medical and recreational purposes and increasing awareness among consumers regarding the health benefits of it. The market is further driven by the presence of major giants such as Canopy Growth Corporation, Aurora Cannabis Inc., and Medical Marijuana Inc., who are continuously investing and collaborating for the development of new products to fulfill the demand of the consumers.

The global market is dominated by major players such as Canopy Growth Corporation (Canada), Aurora Cannabis Inc. (Canada), MedMen (US), Terra Tech Corp. (US), Aphria Inc. (Canada), VIVO Cannabis Inc. (Canada), The Cronos Group (Canada), Medical Marijuana Inc. (US), STENOCARE (Denmark), Tikun Olam (Israel), Organigram Holdings Inc. (Canada), Cresco Labs (US), Indiva (Canada), Curaleaf Holding Inc. (US), HEXO Corp. (Canada), Ecofibre Limited (Australia), Harvest Health & Recreation (US), Green Thumb Industries (US), Maricann Group Inc. (Canada), and TerrAscend (Canada).

The global algae products market size is estimated to be valued at USD 4.7 billion in 2021 and projected to reach USD 6.4 billion by 2026, recording a CAGR of 6.3% during the forecast period. Various factors have played a major role in driving the algae products market growth across the globe. Algae possess properties that make them useful to be incorporated in diversified end products such as ice-creams, cakes, anti-obesity & anti-diabetic agents, aquatic feed ingredients, toothpaste, and moisturizers; their cultivation using both agriculture and aquaculture practices make algae unique among other agricultural products. Algae are uniquely versatile as algae-derived products find application in multiple industries such as food & beverage, feed, nutraceuticals & dietary supplements, personal care, and pharmaceutical. This is expected to be a major driver for the growth of the algae products market.

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Growing industries, such as food & beverage, nutraceutical, pharmaceutical, and dietary supplement, have significantly contributed to the growth of the algae products market in North America. The rising population in the country is another factor that is expected to boost the demand for algae products. An increase in health-conscious consumers has led to the increased use of lipids, such as omega-3 in nutraceutical and dietary supplement products, which has offered a market opportunity for algae-based omega-3 products.

This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, DSM (Netherlands), BASF (Germany), DuPont (US), Cargill (US), E.I.D Parry (India), Corbion (Netherlands), and Cyanotech Corporation (US).

Algae-based ingredients have wide application in the food industry as texturizing & stabilizing agents, thickeners & gelling agents, and as supplements for health. For instance, the thickening property of alginate is useful in sauces, syrups, and toppings for ice cream. Other products that can be fortified with algae include dairy products (such as sour cream, chocolate milk, cheese) sushi, and gelatin. Pigments such as chlorophylls, carotenoids, and phycobiliproteins also have application as natural food colorants.

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The global food & beverages industry pumps market is estimated to be valued at USD 9.9 billion in 2022. It is projected to reach USD 12.9 billion by 2027, recording a CAGR of 5.3% during the forecast period. Food manufacturers are increasingly focusing their attention on achieving low production costs, rapid turnaround time, and high yield. This is facilitated through incorporating advanced pump technologies. The form in which the food material being processed comes in significantly influences the specific type of pumps employed as some food & beverage industry pumps are better suited for one form over another.

Download PDF brochure: https://www.marketsandmarkets.....com/pdfdownloadNew.a

Increase in demand for meat and poultry in Asia pacific

The consumption and production of meat, particularly in developed countries, remains high. The demand for meat and poultry products is expected to increase in developed countries such as the US, supported by factors such as lower prices of beef, pork, and poultry; increasing focus on enhancing the shelf life, quality, and safety of meat products; and the rising per capita consumption of meat. Meat & poultry-related pumps are expected to offer significant potential due to the growing meat & poultry industry. According to an article on Food Price Outlook, 2018, published by the USDA Economic Research Service, “the year 2018 is expected to exhibit a positive outlook for the pork industry as the number of pork processing facilities is expected to increase, which is expected to drive pork production further.”

Configured to grow at the fastest CAGR during the forecast period.

Configured pumps are sized and configured according to the flow rate and pressure requirements of the system or service. Pumps and pumping system components must be configured according to the needs of the end-use processes. There are several steps involved in the configuration of a pumping system. These include determining the proper pipe size, designing a piping system layout that minimizes pressure drops, and selecting low-loss components. To determine the proper pipe size, designers must balance the initial cost of the pipe against the cost of pushing fluid through it. Larger pipes create less friction loss for a given flow rate; however, larger pipes also have higher material and installation costs.

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North America is projected to reach USD 3,162.9 million during the forecast period.

In 2021, North America accounted for 24.9% of the global food & beverages industry pumps market share. The markets within North America studied for this report are the US, Canada, and Mexico. North America is home to various multinational food manufacturing companies. Due to the busy lifestyles of consumers, there is a need to reduce the time required for cooking. As the time available for cooking is reduced, there is an increasing demand for processed food & beverage and frozen bakery products, a rising demand for processed meat in varied flavors, growing investment in meat processing facilities, an increasing safety requirement for processed meat products, a rising export to other countries, and the technological innovation has increased.

The key players in this market include Alfa Laval (Sweden), Fristam Pumpen Kg (Gmbh & Co.) (Germany), SPX Flow (US), GEA Group (Germany).