Ethyl Levulinate Market To Represent US$11.8 Million Opportunity Globally by 2022

The global ethyl levulinate market is expected to reach USD 11.8 million by 2022, according to a new report by Grand View Research, Inc. The global industry is in its nascent stage and is characterized by few industry participants. Presence of very few manufacturers gives a competitive edge over new entrants. Industry participants as well as governments have been extensively investing in R&D to develop novel applications as well as cheaper raw materials. Potential applications such as bio-diesel additive are expected to positively impact the market.
Prolonged exposure to ethyl levulinate may cause dizziness, eye irritation, lung damage, coma and behavioral changes. Such toxic effects are presumed to expose ethyl levulinate industry to several regulations, thus constricting market growth and development. Several R&D initiatives are being taken by government to come up with cheaper raw material for ethyl levulinate production. This is projected to create ample opportunities for this industry over the forecast period.

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 U.S. ethyl levulinate market revenue by application, 2012-2022 (USD Thousand)

Further key findings from the report suggest:

• Global ethyl levulinate market demand was 32.4 tons in 2014 and is expected to reach 49.1 tons by 2022, growing at a CAGR of 5.3% from 2015 to 2022
• Fragrances market is expected to witness the fastest growth at an estimated CAGR of 5.7% over the forecast period. This growth can be attributed towards rapid development of personal care industry particularly in emerging economies of Asia Pacific and Latin America. Recent advances by pharmaceutical industries that use fragrances to reduce stress and depression among people is also expected to assist the market over the forecast period.
• Asia Pacific emerged as the leading regional market and accounted for over 30% of the total market in 2014.Countries such as India and China are anticipated to lead their regional market over the next seven years. Rising urbanization along with dynamic lifestyle among consumers in the region is expected to create ample opportunities for ethyl levulinate.
• Changing consumption pattern among people in developing region such as Middle East & Africa and Central & South America is expected to assist the overall market over the next seven years.
• Major ethyl levulinate market participants include Sigma Aldrich, Alfa Aesar, Oakwood Products., Inc, Indukern F&F Ingredients Division, Tokyo Chemical Industry Co., Ltd, Axxence Aromatic and Ventos. The market is oligopolistic in nature and there is a high threat for new entrants to enter the market over the forecast period. Potential applications such as diesel miscible bio-fuel are expected to positively affect the market. 

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Grand View Research has segmented the ethyl levulinate market on the basis of application and region:

Global Ethyl Levulinate Application Outlook (Volume, Tons, Revenue, USD Thousand, 2012 - 2022)

• Food Additive
• Fragrances
• Others

Global Ethyl Levulinate Regional Outlook (Volume, Tons, Revenue, USD Thousand, 2012 - 2022)

• North America
• U.S.
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• India
• Middle East & Africa
• Central & South America
• Brazil

Modified Starch Market To 2024 – Industry Share, Regional Outlook, Application Analysis: Grand View Research, Inc.

The global modified starch market is expected to reach USD 15.36 billion by 2024, according to a new report by Grand View Research, Inc. Growing demand for modified starch as a stabilizer, thickening agent, binder, and emulsifier in food & beverage, paper, and textile applications will augment growth. Competitive pricing owing to a large number of suppliers is expected to be a key feature of the industry over the next seven years. 

Growing awareness among consumers regarding general well-being has resulted in a shift towards high nutritional value diet. Moreover, increasing demand for natural sweeteners in beverages, particularly in non-carbonated soft drinks and energy drinks, due to their low calorific value is likely to drive growth in the near future.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/modified-starch-market

U.S. modified starch market volume, by application, 2013 - 2024(Kilo Tons)

 

Further key findings from the report suggest:

·         Resistant starch products accounted for 25.5% of the global volume share in 2015. Increasing focus on health benefits coupled with the advantage of enhancing taste, appearance and texture by using resistance starches is expected to be a critical factor for influencing need from the food sector.

·         Europe modified starch market is expected to grow at a CAGR of 5.6% from 2016 to 2024, in terms of volume. The food & beverage industry in Germany is projected to grow significantly on account of changing consumer eating habits coupled with high-quality food production. This factor will have a positive impact on the modified starch industry in the region.

·         Asia Pacific is expected to witness significant growth at a CAGR of 7.2% from 2016 to 2024 in terms of volume. Increasing production volumes of paper, textile, and pharmaceutical, particularly, in India and China is expected to be a vital factor driving expansion in the region. The Asia Pacific industry is estimated to generate revenues exceeding USD 4.75 billion by 2024.

·         Modified starch demand in textiles was 1,345.4 kilo tons in 2014. The intervention of government policies including FDI is expected to drive the Indian textile industry with the country being one of the leading textile raw material producers in Asia Pacific. The Brazilian textile industry is being majorly driven by the local consumer base with 85% of the total production getting sold in the domestic market. The government imposing high taxes on exports across the continent is driving the demand for modified starch in the region.

·         Key industry players including Emsland-Stärke GmbH, Grain Processing Corporation, Global Bio-Chem Technology Group, Ingredion Incorporated, Cargill, Inc., Agrana Beteiligungs-Ag, and Avebe U.A have a broad range of supplier and distribution network globally. Archer Daniels Midland Company, Roquette Frères, China Essence Group Ltd, and Tate & Lyle PLC, are investing heavily in research and development for the product. In August 2015, Archer Daniels Midland Company established distribution & merchandising offices in El Salvador and Guatemala, to expand its footprint in Central America.

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Grand View Research has segmented the global modified starch market on the basis of product, application and region:
Global Modified Starch Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

·         Starch esters and ethers

·         Resistant starch

·         Cationic starch

·         Pre-gelatinized starch

·         Others

Global Modified Starch Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

·         Food and beverage

·         Paper

·         Pharmaceutical

·         Textile

·         Others

Global Modified Starch Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

·         North America

·         U.S.

·         Europe

·         Germany

·         Asia Pacific

·         China

·         India

·         Latin America

·         Brazil

·         MEA

Beef Market Is Expected To Grow At A CAGR Of 1.15% From 2014 To 2020: Grand View Research, Inc.

The global market for beef is expected to reach USD 2,151 billion by 2020, according to a new study by Grand View Research, Inc. Beef is the third largest consumed meat globally, with growing consumer preference towards meat as source of protein expected to drive demand for beef over the forecast period. In addition, growing disposable income in emerging markets has resulted in increased consumption of beef in comparison to pork and poultry. In addition, the market is expected to witness significant growth owing to food safety issues such as chemical residue and pathogen detection in other meat products.
Ground beef were the largest consumed product, with demand exceeding 29,500 kilo tons in 2013. Popularity of ground beef comes from its use in hamburgers and meat balls. Beef steaks are expected to be the fastest growing segment due to increased preference for high quality beef, particularly in North America. The segment is expected to witness growth at an estimated CAGR of 1.24% from 2014 to 2020.

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Further key findings from the study suggest:

• The global beef demand was 67,421 kilo tons in 2012 and is expected to reach 72,931 kilo tons by 202, growing at a CAGR of 1.15% from 2014 to 2020

• Asia Pacific is expected to be the largest regional market for beef with revenue exceeding USD 580 billion in 2013. Growing disposable income of China coupled with high preference towards red meat is expected to be a key driver for the market over the forecast period.

• North America was a significant contributor to beef demand with consumption in excess of 12,000 kilo tons in 2013. The RoW market is predominantly driven by growing demand in countries such as Brazil, Mexico and Chile.

• Increasing demand for halal beef in predominantly Islamic nations in Middle East and Africa is expected to be a key factor having a positive impact on the market over the forecast period. The demand for Kosher beef is expected to increase in North America owing to consumer preference towards safe quality and healthier beef.

• The global market was moderately consolidated with the top four companies accounting for over 70% of the market in 2013. The key companies in the market include Tyson Foods, JBS, National Beef Company and Cargill Meat Solutions.

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For the purpose of this study, Grand View Research has segmented the Global Beef market on the basis of grade, product and region:
Beef Grade Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2012 - 2020)
            • Kosher
            • Halal
            • Others
Beef Product Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2012 - 2020)
            • Ground beef
            • Steaks
            • Cubed beef
Beef Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2012 - 2020)
            • North America
            • Europe
            • Asia Pacific
            • RoW

Pet Food Market Is Expected To Grow Rapidly Owing To Rising Demand For Packaged Food Till 2022: Grand View Research, Inc.

The global pet food market is expected to reach USD 98.81 billion by 2022, according to a new report by Grand View Research, Inc. Growing trend towards pet adoption as a result of increasing number of nuclear families in emerging economies of Asia Pacific including India, China, Vietnam, and Indonesia is expected to drive the industry over the forecast period. 

Rising need for nutritious, healthy, and organic food on account of increasing awareness towards pet health is expected to augment demand. Increasing life expectancy in the region has led to older generation adopting pets to guide them through routine chores; this is expected to fuel demand over the forecast period. 

Innovations in specialty, premium and gourmet products, and packaging techniques are expected to propel growth in larger regions of the U.S., Europe, and Japan. In addition, focus on nutritive and functional pet foods and shift in preference towards dry pet food are key drivers for industry growth in developing economies.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/pet-food-industry

Further key findings from the report suggest:

• Nutritious food is expected to witness fastest growth, growing at a CAGR of 5.2% from 2015 to 2022. Changing lifestyles and growing concerns among consumers regarding pet health have led to increased consumer spending on nutritious pet food. Rising cases of obesity and other diseases including arthritis, diabetes, and high blood pressure among pets are expected to drive demand for nutritious products over the next seven years.
• Dogs accounted for the largest consumption of these products, which accounted for over 59.0% share in 2014. Rising urbanization, increasing disposable incomes, and rising trend of nuclear families are some major reasons for rising pet ownerships, thus increasing demand for dog food over the forecast period.
• In Europe, demand was valued at USD 15.71 billion in 2014. The market in Europe, especially Central and Eastern Europe, is growing, as consumers are increasingly humanizing pets and considering them as their family members. Pet owners are responding actively to the changing trends of innovation and trading in better quality substitutes. Pet population is considerably growing in Europe as people are adopting more and more pets for companionship. As a result, the growing number of pets in European households is contributing to the robust growth.
• Some of the major players in industry include Mars Inc., Nestle SA, Colgate-Palmolive Co., Proctor & Gamble Co., Del Monte Foods Co., Agrolimen SA, Uni-Charm Corp., Nutriara Alimentos Ltda., Total Alimentos SA, Mogiana Alimentos SA, and others. Mars and Nestle are the leading players in the market accounting for around 55% of the total share. 

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Grand View Research has segmented the global pet food market on the basis of product, application, and region:

Pet Food Product Outlook (Revenue, USD Billion, 2012 - 2022)

• Dry Food
• Wet/Canned Food
• Nutritious Food
• Snacks/Treats
• Others

Pet Food Application Outlook (Revenue, USD Billion, 2012 - 2022)

• Dog
• Cat
• Others

Pet Food Regional Outlook (Revenue, USD Billion, 2012 - 2022)

• North America
• Europe
• Asia Pacific
• Others