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Industrial Enzymes Market by Type (Carbohydrases, Proteases, Lipases, Polymerases & Nucleases), Application (Food & Beverages, Bioethanol, Feed, Deter...

Publisher:        MarketsandMarkets

# of Pages:        238

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1 User License $4,950

Publication Date:  January, 2022

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1 INTRODUCTION 21
1.1 OBJECTIVES OF THE STUDY 21
1.2 MARKET DEFINITION 21
1.3 STUDY SCOPE 22
FIGURE 1 MARKET SEGMENTATION 22
TABLE 1 INCLUSIONS AND EXCLUSIONS 23
1.4 REGIONS COVERED 24
1.5 PERIODIZATION CONSIDERED 25
1.6 CURRENCY CONSIDERED 25
TABLE 2 USD EXCHANGE RATES CONSIDERED, 2015–2020 26
1.7 UNITS CONSIDERED 26
1.8 STAKEHOLDERS 26
2 RESEARCH METHODOLOGY 27
2.1 RESEARCH DATA 27
FIGURE 2 INDUSTRIAL ENZYMES MARKET: RESEARCH DESIGN 27
2.1.1 SECONDARY DATA 28
2.1.1.1 Key data from secondary sources 28
2.1.2 PRIMARY DATA 29
2.1.2.1 Key data from primary sources 29
2.1.2.2 Key industry insights 30
2.1.2.3 Breakdown of primary interviews 31
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY VALUE CHAIN, DESIGNATION, AND REGION 31
2.2 FACTOR ANALYSIS 32
2.2.1 INTRODUCTION 32
2.2.2 DEMAND-SIDE ANALYSIS 32
FIGURE 4 KEY ECONOMIES BASED ON GDP, 2013–2018 (USD TRILLION) 32
2.2.3 SUPPLY-SIDE ANALYSIS 33
FIGURE 5 R&D EXPENDITURE FOR BIOTECHNOLOGY, 2019 33
2.3 MARKET SIZE ESTIMATION 34
2.3.1 APPROACH ONE (BASED ON APPLICATION AND TYPE, BY REGION) 34
2.3.2 APPROACH TWO (BASED ON THE GLOBAL MARKET) 35
2.4 DATA TRIANGULATION 36
FIGURE 6 DATA TRIANGULATION METHODOLOGY 36
2.5 RESEARCH ASSUMPTIONS 37
2.6 RESEARCH LIMITATIONS 37
 
3 EXECUTIVE SUMMARY 38
TABLE 3 INDUSTRIAL ENZYMES MARKET SNAPSHOT, 2021 VS. 2026 38
FIGURE 7 INDUSTRIAL ENZYMES MARKET, BY TYPE, 2021 VS. 2026 (USD MILLION) 39
FIGURE 8 INDUSTRIAL ENZYMES MARKET, BY TYPE, 2021 VS. 2026 (TONS) 39
FIGURE 9 INDUSTRIAL ENZYMES MARKET, BY APPLICATION,
2021 VS. 2026 (USD MILLION) 40
FIGURE 10 INDUSTRIAL ENZYMES MARKET, BY SOURCE, 2021 VS. 2026 (USD MILLION) 41
FIGURE 11 INDUSTRIAL ENZYMES MARKET SHARE, BY REGION, 2020 42
4 PREMIUM INSIGHTS 43
4.1 OVERVIEW OF THE INDUSTRIAL ENZYMES MARKET 43
FIGURE 12 INCREASE IN ENVIRONMENTAL CONCERNS AND THE RISE IN THE DEMAND FOR BIOETHANOL TO DRIVE THE GROWTH OF THE INDUSTRIAL ENZYMES MARKET 43
4.2 NORTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY APPLICATION AND COUNTRY 44
FIGURE 13 UNITED STATES ACCOUNTED FOR THE LARGEST SHARE IN THE NORTH AMERICAN MARKET IN 2020 44
4.3 INDUSTRIAL ENZYMES MARKET, BY TYPE AND REGION 45
FIGURE 14 NORTH AMERICA TO DOMINATE THE MARKET FOR INDUSTRIAL ENZYMES, 2021 VS. 2026 45
4.4 INDUSTRIAL ENZYMES MARKET, BY SOURCE 46
FIGURE 15 MICROORGANISM SEGMENT TO DOMINATE THE INDUSTRIAL ENZYMES MARKET DURING THE FORECAST PERIOD, 2021 VS. 2026 46
4.5 INDUSTRIAL ENZYMES MARKET: MAJOR REGIONAL SUBMARKETS 47
FIGURE 16 UNITED STATES WAS THE LARGEST MARKET GLOBALLY FOR INDUSTRIAL ENZYMES IN 2020 47
5 MARKET OVERVIEW 48
5.1 INTRODUCTION 48
5.2 MARKET DYNAMICS 49
FIGURE 17 INDUSTRIAL ENZYMES MARKET DYNAMICS 49
5.2.1 DRIVERS 49
5.2.1.1 Switch toward renewable sources of energy lead to increasing consumption of bioethanol 49
FIGURE 18 BIOETHANOL PRODUCTION WORLDWIDE 50
5.2.1.2 R&D activities meeting the rising demand for enzyme applications 50
5.2.1.3 Advancements in enzyme engineering & green chemistry and introduction of genetically engineered enzymes 51
5.2.1.4 Use of enzymes in various industries 51
TABLE 4 APPLICATIONS AND BENEFITS OF ENZYMES 52
5.2.2 RESTRAINTS 54
5.2.2.1 Action of enzymes restricted to various external factors 54
5.2.2.2 Stringent regulatory guidelines for manufacturers 55
5.2.2.3 High adaptation costs involved for SMEs 55
 
5.2.3 OPPORTUNITIES 55
5.2.3.1 Demand for natural substitutes of synthetic chemicals 55
5.2.3.2 Innovations in technologies and a wide industry scope 56
5.2.3.3 Innovative technological platforms 56
5.2.3.4 Development of enzymes with a longer shelf-life 56
5.2.3.4.1 Encapsulation to enhance shelf-life 56
5.2.4 CHALLENGES 57
5.2.4.1 High costs of raw materials limiting the usage of enzymes 57
5.2.4.2 Concerns over the quality of enzymes used in the food & beverages and feed industries 57
5.2.4.3 Lack of transparency in patent protection laws in few countries 57
6 INDUSTRY TRENDS 58
6.1 INTRODUCTION 58
6.2 YC-YCC SHIFT 58
FIGURE 19 YCC: REVENUE SHIFT FOR THE INDUSTRIAL ENZYMES MARKET 58
6.3 VALUE CHAIN 59
FIGURE 20 INDUSTRIAL ENZYMES MARKET: VALUE CHAIN 59
6.3.1 RESEARCH & DEVELOPMENT 60
6.3.2 SOURCING OF RAW MATERIALS 60
6.3.3 PRODUCTION & PROCESSING 60
6.3.4 DISTRIBUTION, MARKETING, AND SALES 60
6.4 TECHNOLOGY ANALYSIS 61
6.4.1 ARTIFICIAL INTELLIGENCE IN ENZYMES DESIGN 61
6.4.2 FOOD ENZYMES AND ENCAPSULATION 61
6.5 PATENT ANALYSIS 61
FIGURE 21 LIST OF TOP PATENTS IN THE MARKET (2001–2020) 61
TABLE 5 PATENTS PERTAINING TO ENZYMES, 2017–2020 62
6.6 ECOSYSTEM MAP & SUPPLY CHAIN 66
6.6.1 INDUSTRIAL ENZYMES: MARKET MAP OF ECOSYSTEM 66
TABLE 6 INDUSTRIAL ENZYMES MARKET: SUPPLY CHAIN (ECOSYSTEM) 66
6.6.2 INDUSTRIAL ENZYMES: MARKET MAP 67
6.7 PORTER’S FIVE FORCES ANALYSIS 67
TABLE 7 INDUSTRIAL ENZYMES MARKET: PORTER’S FIVE FORCES ANALYSIS 67
6.7.1 THREAT OF NEW ENTRANTS 68
6.7.2 THREAT OF SUBSTITUTES 68
6.7.3 BARGAINING POWER OF SUPPLIERS 68
6.7.4 BARGAINING POWER OF BUYERS 68
6.7.5 INTENSITY OF COMPETITIVE RIVALRY 68
 
6.8 TRADE ANALYSIS 69
TABLE 8 EXPORT DATA OF INDUSTRIAL ENZYMES FOR KEY COUNTRIES,
2020 (VALUE AND VOLUME) 69
TABLE 9 RE-EXPORT DATA OF INDUSTRIAL ENZYMES FOR KEY COUNTRIES,
2020 (VALUE AND VOLUME) 71
TABLE 10 IMPORT DATA OF INDUSTRIAL ENZYMES FOR KEY COUNTRIES,
2020 (VALUE AND VOLUME) 71
TABLE 11 RE-IMPORT DATA OF INDUSTRIAL ENZYMES FOR KEY COUNTRIES,
2020 (VALUE AND VOLUME) 73
6.9 CASE STUDIES 74
6.9.1 GROWING DEMAND FOR BAKERY INGREDIENTS 74
TABLE 12 INDUSTRIAL ENZYMES MARKET: GROWING DEMAND FOR BAKERY INGREDIENTS 74
7 REGULATORY FRAMEWORK 75
7.1 INTRODUCTION 75
7.2 ENZYME REGULATIONS IN THE US 21 CFR 173 75
TABLE 13 ENZYME PREPARATION APPROVED-FOOD ADDITIVES LISTED IN 21 CFR 173 75
TABLE 14 ENZYME PREPARATION SPECIFIED IN FOOD STANDARDS 76
TABLE 15 ENZYME PREPARATIONS AFFIRMED AS GRAS LISTED IN 21 CFR 184 76
7.3 ENZYME REGULATIONS IN EUROPE 77
TABLE 16 LIST OF PERMITTED ENZYMES IN EUROPE 77
7.3.1 EU LEGISLATION RELEVANT TO FOOD ENZYMES 77
7.4 ENZYME REGULATIONS IN AUSTRALIA & NEW ZEALAND 77
8 INDUSTRIAL ENZYMES MARKET, BY FORMULATION 78
8.1 INTRODUCTION 78
8.2 LYOPHILIZED POWDER 78
8.2.1 LYOPHILIZATION RETAINING THE NUTRITIONAL VALUE 78
8.3 LIQUID 78
8.3.1 EASE OF USE IN INDUSTRIAL APPLICATIONS BOOSTING THE USAGE
OF THE LIQUID FORM 78
8.4 DRY 79
8.4.1 BETTER ACCURACY OF DOSAGES 79
FIGURE 22 PRODUCTION OF DRY ENZYMES 80
9 INDUSTRIAL ENZYMES MARKET, BY SOURCE 81
9.1 INTRODUCTION 82
FIGURE 23 INDUSTRIAL ENZYMES MARKET SHARE (VALUE), BY SOURCE, 2021 VS. 2026 82
TABLE 17 INDUSTRIAL ENZYMES MARKET SIZE, BY SOURCE,
2019–2026 (USD MILLION) 83
9.2 MICROORGANISM 83
9.2.1 INCREASED PRODUCTION IN LESSER TIME BOOSTING THE INDUSTRIAL USAGE OF MICROBIAL ENZYMES 83
TABLE 18 MICROORGANISM-BASED INDUSTRIAL ENZYMES MARKET SIZE, BY REGION, 2019–2026 (USD MILLION) 84
9.3 PLANT 84
9.3.1 PLANT-BASED ENZYMES THRIVING OVER A WIDE RANGE OF TEMPERATURES 84
TABLE 19 PLANT-BASED INDUSTRIAL ENZYMES MARKET SIZE, BY REGION,
2019–2026 (USD MILLION) 85
9.4 ANIMAL 85
9.4.1 BEING TEMPERATURE-SENSITIVE DISCOURAGING THE INDUSTRIAL USAGE OF ANIMAL-BASED ENZYMES 85
TABLE 20 ANIMAL-BASED INDUSTRIAL ENZYMES MARKET SIZE, BY REGION,
2019–2026 (USD MILLION) 86
10 INDUSTRIAL ENZYMES MARKET, BY TYPE 87
10.1 INTRODUCTION 88
FIGURE 24 INDUSTRIAL ENZYMES MARKET SHARE (VALUE), BY TYPE, 2021 VS. 2026 88
TABLE 21 INDUSTRIAL ENZYMES MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION) 89
TABLE 22 INDUSTRIAL ENZYMES MARKET SIZE, BY TYPE, 2019–2026 (TONS) 89
TABLE 23 INDUSTRIAL CARBOHYDRASES MARKET SIZE, BY SUBTYPE,
2019–2026 (USD MILLION) 89
10.2 CARBOHYDRASES 90
TABLE 24 INDUSTRIAL CARBOHYDRASES MARKET SIZE, BY REGION,
2019–2026 (USD MILLION) 90
TABLE 25 INDUSTRIAL CARBOHYDRASES MARKET SIZE, BY REGION,
2019–2026 (TONS) 90
10.2.1 AMYLASES 91
10.2.1.1 Increased usage of amylase benefitting the food & beverage and textile industries 91
TABLE 26 INDUSTRIAL AMYLASES MARKET SIZE, BY REGION,
2019–2026 (USD MILLION) 91
10.2.2 CELLULASES 92
10.2.2.1 The complex nature of cellulases boosting a wide industrial usage 92
TABLE 27 INDUSTRIAL CELLULASES MARKET SIZE, BY REGION,
2019–2026 (USD MILLION) 92
10.2.3 OTHER CARBOHYDRASES 92
TABLE 28 OTHER INDUSTRIAL CARBOHYDRASES MARKET SIZE, BY REGION,
2019–2026 (USD MILLION) 93
10.3 PROTEASES 93
10.3.1 COMPETENT CHARACTERISTIC TO HYDROLYZE PROTEINS BOOSTING THE INDUSTRIAL USE OF PROTEASES 93
TABLE 29 INDUSTRIAL PROTEASES MARKET SIZE, BY REGION,
2019–2026 (USD MILLION) 94
TABLE 30 INDUSTRIAL PROTEASES MARKET SIZE, BY REGION, 2019–2026 (TONS) 94
10.4 LIPASES 94
10.4.1 COMMERCIALIZING BIOETHANOL PRODUCTION FROM ENZYMATIC PROCESSES FUELING THE LIPASES MARKET 94
TABLE 31 INDUSTRIAL LIPASES MARKET SIZE, BY REGION, 2019–2026 (USD MILLION) 95
TABLE 32 INDUSTRIAL LIPASES MARKET SIZE, BY REGION, 2019–2026 (TONS) 95
10.5 POLYMERASES & NUCLEASES 95
10.5.1 POLYMERASES & NUCLEASES FORMING AN ESSENTIAL PART OF FOOD BIOTECHNOLOGY ADVANCEMENTS 95
TABLE 33 INDUSTRIAL POLYMERASES & NUCLEASES MARKET SIZE, BY REGION,
2019–2026 (USD MILLION) 96
TABLE 34 INDUSTRIAL POLYMERASES & NUCLEASES MARKET SIZE, BY REGION,
2019–2026 (TONS) 96
10.6 OTHER TYPES 96
TABLE 35 OTHER INDUSTRIAL ENZYMES TYPE MARKET SIZE, BY REGION,
2019–2026 (USD MILLION) 97
TABLE 36 OTHER INDUSTRIAL ENZYMES TYPE MARKET SIZE, BY REGION,
2019–2026 (TONS) 97
11 INDUSTRIAL ENZYMES MARKET, BY APPLICATION 98
11.1 INTRODUCTION 99
FIGURE 25 INDUSTRIAL ENZYMES MARKET SHARE (VALUE), BY APPLICATION,
2021 VS. 2026 99
TABLE 37 INDUSTRIAL ENZYMES MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 100
11.2 FOOD & BEVERAGES 100
TABLE 38 INDUSTRIAL ENZYMES MARKET SIZE IN FOOD & BEVERAGES, BY REGION, 2019–2026 (USD MILLION) 101
TABLE 39 INDUSTRIAL ENZYMES MARKET SIZE IN FOOD & BEVERAGES,
BY SUBAPPLICATION, 2019–2026 (USD MILLION) 101
11.2.1 BAKERY & CONFECTIONERY PRODUCTS 101
11.2.1.1 Enzyme usage increasing the shelf-life of bakery and confectionery products 101
TABLE 40 ENZYMES USED IN THE BAKERY PRODUCTS APPLICATION 102
TABLE 41 INDUSTRIAL ENZYMES MARKET SIZE IN BAKERY & CONFECTIONERY PRODUCTS, BY REGION, 2019–2026 (USD MILLION) 102
11.2.2 DAIRY PRODUCTS 103
11.2.2.1 Popularity of protease and lactase in the dairy industry 103
TABLE 42 ENZYMES USED IN THE DAIRY PRODUCTS APPLICATION 103
TABLE 43 INDUSTRIAL ENZYMES MARKET SIZE IN DAIRY PRODUCTS, BY REGION, 2019–2026 (USD MILLION) 103
11.2.3 BEVERAGES 104
11.2.3.1 Late bitterness in citrus fruits representing an economic hindrance 104
TABLE 44 INDUSTRIAL ENZYMES MARKET SIZE IN BEVERAGES, BY REGION,
2019–2026 (USD MILLION) 104
11.2.4 SUGAR 104
11.2.4.1 Enzymes for sugar used as aids to sugar production and refining 104
TABLE 45 INDUSTRIAL ENZYMES MARKET SIZE IN SUGAR, BY REGION,
2019–2026 (USD MILLION) 105
TABLE 46 INDUSTRIAL ENZYMES MARKET SIZE IN SUGAR, BY SUB APPLICATION, 2019–2026 (USD MILLION) 105
 
11.2.5 MEAT PROCESSING PRODUCTS 105
11.2.5.1 Enzyme usage in meat impacting the flavor of meat products 105
TABLE 47 INDUSTRIAL ENZYMES MARKET SIZE IN MEAT PRODUCTS, BY REGION, 2019–2026 (USD MILLION) 106
11.2.6 NUTRACEUTICALS 106
11.2.6.1 Use of enzymes for improving the functionality of proteins 106
TABLE 48 INDUSTRIAL ENZYMES MARKET SIZE IN NUTRACEUTICALS, BY REGION, 2019–2026 (USD MILLION) 106
11.2.7 OTHER FOOD & BEVERAGES 107
TABLE 49 INDUSTRIAL ENZYMES MARKET SIZE IN OTHER FOOD & BEVERAGES,
BY REGION, 2019–2026 (USD MILLION) 107
11.3 DETERGENTS 107
11.3.1 LAUNDRY DETERGENTS 108
11.3.1.1 Usage of enzymes in laundry associated with lower time, energy, and water consumption 108
11.3.2 AUTOMATIC DISHWASHING DETERGENTS 108
11.3.2.1 Enzyme usage increasing the user-friendliness of automatic dishwashing detergents by lowering the alkalinity 108
11.3.3 OTHER DETERGENTS 108
TABLE 50 INDUSTRIAL ENZYMES MARKET SIZE IN DETERGENTS, BY REGION,
2019–2026 (USD MILLION) 108
11.4 FEED 109
11.4.1 RUMINANT FEED 109
11.4.1.1 Inclusion of enzymes in the feed improving the feed efficiency ratio for beef cattle 109
11.4.2 SWINE FEED 109
11.4.2.1 Sow feed enzymes aiming at ensuring the health of piglets 109
11.4.3 POULTRY FEED 110
11.4.3.1 Enzymes in feed improving the digestibility of nutrients by improving the gut performance of poultry 110
11.4.4 AQUAFEED 110
11.4.4.1 Enzymes in fish feed offering environmental benefits and enabling the use of low-cost feedstuffs 110
11.4.5 OTHER FEED 110
TABLE 51 INDUSTRIAL ENZYMES MARKET SIZE IN FEED, BY REGION,
2019–2026 (USD MILLION) 111
11.5 BIOETHANOL 111
TABLE 52 INDUSTRIAL ENZYMES MARKET SIZE IN BIOETHANOL, BY REGION,
2019–2026 (USD MILLION) 111
11.6 SOIL TREATMENT 112
TABLE 53 INDUSTRIAL ENZYMES MARKET SIZE IN SOIL TREATMENT, BY REGION,
2019–2026 (USD MILLION) 112
11.7 PAPER & PULP 112
TABLE 54 INDUSTRIAL ENZYMES MARKET SIZE IN PAPER & PULP, BY REGION,
2019–2026 (USD MILLION) 113
 
11.8 TEXTILES & LEATHER 113
TABLE 55 INDUSTRIAL ENZYMES MARKET SIZE IN TEXTILES & LEATHER, BY REGION, 2019–2026 (USD MILLION) 113
11.9 WASTEWATER TREATMENT 114
TABLE 56 INDUSTRIAL ENZYMES MARKET SIZE IN WASTEWATER TREATMENT,
BY REGION, 2019–2026 (USD MILLION) 114
11.10 OIL TREATMENT 114
TABLE 57 INDUSTRIAL ENZYMES MARKET SIZE IN OIL TREATMENT, BY REGION,
2019–2026 (USD MILLION) 115
11.11 OTHER APPLICATIONS 115
TABLE 58 INDUSTRIAL ENZYMES MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2019–2026 (USD MILLION) 115
12 INDUSTRIAL ENZYMES MARKET, BY REGION 116
12.1 INTRODUCTION 117
FIGURE 26 INDUSTRIAL ENZYMES MARKET GROWTH, BY KEY COUNTRY, 2021–2026 117
TABLE 59 INDUSTRIAL ENZYMES MARKET SIZE, BY REGION,
2019–2026 (USD MILLION) 118
12.2 NORTH AMERICA 118
FIGURE 27 NORTH AMERICA: INDUSTRIAL ENZYMES MARKET SNAPSHOT 119
TABLE 60 NORTH AMERICA: INDUSTRIAL ENZYMES MARKET SIZE, BY COUNTRY,
2019–2026 (USD MILLION) 119
TABLE 61 NORTH AMERICA: INDUSTRIAL ENZYMES MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION) 120
TABLE 62 NORTH AMERICA: INDUSTRIAL ENZYMES MARKET SIZE, BY TYPE,
2019–2026 (TONS) 120
TABLE 63 NORTH AMERICA: INDUSTRIAL ENZYMES MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION) 121
TABLE 64 NORTH AMERICA: INDUSTRIAL ENZYMES MARKET SIZE, BY SOURCE,
2019–2026 (USD MILLION) 121
12.2.1 US 121
12.2.1.1 Awareness among customers about the health benefits of food enzymes 121
TABLE 65 US: INDUSTRIAL ENZYMES MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 122
12.2.2 CANADA 122
12.2.2.1 Enzymes as biocatalysts replacing chemical catalysts in synthetic processes 122
TABLE 66 CANADA: INDUSTRIAL ENZYMES MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 123
12.2.3 MEXICO 123
12.2.3.1 Government campaigns to blend ethanol with petrol 123
TABLE 67 MEXICO: INDUSTRIAL ENZYMES MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 124
 
12.3 EUROPE 124
FIGURE 28 EUROPE: INDUSTRIAL ENZYMES MARKET SNAPSHOT 125
TABLE 68 EUROPE: INDUSTRIAL ENZYMES MARKET SIZE, BY COUNTRY/REGION,
2019–2026 (USD MILLION) 126
TABLE 69 EUROPE: INDUSTRIAL ENZYMES MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION) 126
TABLE 70 EUROPE: INDUSTRIAL ENZYMES MARKET SIZE, BY TYPE, 2019–2026 (TONS) 126
TABLE 71 EUROPE: INDUSTRIAL ENZYMES MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 127
TABLE 72 EUROPE: INDUSTRIAL ENZYMES MARKET SIZE, BY SOURCE,
2019–2026 (USD MILLION) 127
12.3.1 ITALY 127
12.3.1.1 Multifunctionality of enzymes in various applications fueling demand 127
TABLE 73 ITALY: INDUSTRIAL ENZYMES MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 128
12.3.2 GERMANY 128
12.3.2.1 Rising bioethanol consumption for transportation driving the demand for enzymes 128
FIGURE 29 RENEWABLE SOURCES OF ENERGY FOR THE TRANSPORT SECTOR IN GERMANY, 2017 129
TABLE 74 GERMANY: INDUSTRIAL ENZYMES MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 129
12.3.3 FRANCE 130
12.3.3.1 Investments by the government in technological advancements of bioethanol production 130
TABLE 75 FRANCE: INDUSTRIAL ENZYMES MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 130
12.3.4 SPAIN 131
12.3.4.1 Rise in demand for meat and meat products 131
TABLE 76 SPAIN: INDUSTRIAL ENZYMES MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 131
12.3.5 UK 132
12.3.5.1 Government funds to support biofuel production 132
TABLE 77 UK: INDUSTRIAL ENZYMES MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 132
12.3.6 REST OF EUROPE 133
TABLE 78 REST OF EUROPE: INDUSTRIAL ENZYMES MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION) 133
12.4 ASIA PACIFIC 133
FIGURE 30 ASIA PACIFIC: INDUSTRIAL ENZYMES MARKET SNAPSHOT 134
TABLE 79 ASIA PACIFIC: INDUSTRIAL ENZYMES MARKET SIZE, BY COUNTRY/REGION, 2019–2026 (USD MILLION) 135
TABLE 80 ASIA PACIFIC: INDUSTRIAL ENZYMES MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION) 135
TABLE 81 ASIA PACIFIC: INDUSTRIAL ENZYMES MARKET SIZE, BY TYPE,
2019–2026 (TONS) 136
TABLE 82 ASIA PACIFIC: INDUSTRIAL ENZYMES MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 136
TABLE 83 ASIA PACIFIC: INDUSTRIAL ENZYMES MARKET SIZE, BY SOURCE,
2019–2026 (USD MILLION) 136
12.4.1 CHINA 137
12.4.1.1 Shift of manufacturing operations from Europe and North America to China 137
TABLE 84 CHINA: INDUSTRIAL ENZYMES MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 137
12.4.2 INDIA 137
12.4.2.1 Rising demand for feed enzymes due to the rising industrialization in the animal husbandry sector 137
TABLE 85 INDIA: INDUSTRIAL ENZYMES MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 138
12.4.3 JAPAN 138
12.4.3.1 Expanding apparel & home textile chemical businesses and rise in meat consumption 138
TABLE 86 JAPAN: INDUSTRIAL ENZYMES MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 139
12.4.4 AUSTRALIA & NEW ZEALAND 139
12.4.4.1 Government initiatives and policies introducing ethanol biofuel mandates 139
TABLE 87 AUSTRALIA & NEW ZEALAND: INDUSTRIAL ENZYMES MARKET SIZE,
BY APPLICATION, 2019–2026 (USD MILLION) 140
12.4.5 SINGAPORE 140
12.4.5.1 Supermarkets and convenience stores 140
TABLE 88 SINGAPORE: INDUSTRIAL ENZYMES MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 141
12.4.6 MALAYSIA 141
12.4.6.1 Use of food enzymes to enhance the quality of eating 141
TABLE 89 MALAYSIA: INDUSTRIAL ENZYMES MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 142
12.4.7 VIETNAM 142
12.4.7.1 Fermented food consumption to enhance the use of microbial food enzymes 142
TABLE 90 VIETNAM: INDUSTRIAL ENZYMES MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 143
12.4.8 PHILIPPINES 143
12.4.8.1 Food industry to attract huge foreign investments 143
TABLE 91 PHILIPPINES: INDUSTRIAL ENZYMES MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 144
12.4.9 SOUTH KOREA 144
12.4.9.1 Huge influence of Western-based diets 144
TABLE 92 SOUTH KOREA: INDUSTRIAL ENZYMES MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION) 145
 
12.4.10 REST OF ASIA PACIFIC 145
TABLE 93 REST OF ASIA PACIFIC: INDUSTRIAL ENZYMES MARKET SIZE,
BY APPLICATION, 2019–2026 (USD MILLION) 146
12.5 SOUTH AMERICA 146
FIGURE 31 SOUTH AMERICA: INDUSTRIAL ENZYMES MARKET SNAPSHOT 147
TABLE 94 SOUTH AMERICA: INDUSTRIAL ENZYMES MARKET SIZE,
BY COUNTRY/REGION, 2019–2026 (USD MILLION) 148
TABLE 95 SOUTH AMERICA: INDUSTRIAL ENZYMES MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION) 148
TABLE 96 SOUTH AMERICA: INDUSTRIAL ENZYMES MARKET SIZE, BY TYPE,
2019–2026 (TONS) 148
TABLE 97 SOUTH AMERICA: INDUSTRIAL ENZYMES MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION) 149
TABLE 98 SOUTH AMERICA: INDUSTRIAL ENZYMES MARKET SIZE, BY SOURCE,
2019–2026 (USD MILLION) 149
12.5.1 BRAZIL 149
12.5.1.1 Opportunities in the food sector to encourage the production of novel enzymes 149
TABLE 99 BRAZIL: INDUSTRIAL ENZYMES MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 150
12.5.2 ARGENTINA 150
12.5.2.1 Strong government policies driving the market growth for food enzymes 150
TABLE 100 ARGENTINA: INDUSTRIAL ENZYMES MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 151
12.5.3 REST OF SOUTH AMERICA 151
12.5.3.1 Functional benefits of food enzymes to encourage market growth 151
TABLE 101 REST OF SOUTH AMERICA: INDUSTRIAL ENZYMES MARKET SIZE,
BY APPLICATION, 2019–2026 (USD MILLION) 152
12.6 REST OF THE WORLD 152
FIGURE 32 REST OF THE WORLD: INDUSTRIAL ENZYMES MARKET SNAPSHOT 153
TABLE 102 REST OF THE WORLD: INDUSTRIAL ENZYMES MARKET SIZE, BY COUNTRY/REGION, 2019–2026 (USD MILLION) 153
TABLE 103 REST OF THE WORLD: INDUSTRIAL ENZYMES MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION) 154
TABLE 104 REST OF THE WORLD: INDUSTRIAL ENZYMES MARKET SIZE, BY TYPE,
2019–2026 (TONS) 154
TABLE 105 REST OF THE WORLD: INDUSTRIAL ENZYMES MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION) 155
TABLE 106 REST OF THE WORLD: INDUSTRIAL ENZYMES MARKET SIZE, BY SOURCE, 2019–2026 (USD MILLION) 155
12.6.1 AFRICA 155
12.6.1.1 Growth in the potential of the African paper & pulp industry 155
TABLE 107 AFRICA: INDUSTRIAL ENZYMES MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 156
12.6.2 MIDDLE EAST 156
12.6.2.1 Growing demand for food enzymes due to investments 156
TABLE 108 MIDDLE EAST: INDUSTRIAL ENZYMES MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 157
13 COMPETITIVE LANDSCAPE 158
13.1 OVERVIEW 158
13.2 MARKET SHARE ANALYSIS, 2020 158
TABLE 109 INDUSTRIAL ENZYMES MARKET: DEGREE OF COMPETITION 158
13.3 KEY PLAYER STRATEGIES 159
13.4 REVENUE ANALYSIS OF KEY PLAYERS, 2018-2020 160
FIGURE 33 REVENUE ANALYSIS OF KEY PLAYERS IN THE MARKET,
2018–2020 (USD BILLION) 160
13.5 COMPANY EVALUATION QUADRANT (KEY PLAYERS) 160
13.5.1 STAR 161
13.5.2 PERVASIVE 161
13.5.3 EMERGING LEADERS 161
13.5.4 PARTICIPANTS 161
FIGURE 34 INDUSTRIAL ENZYMES MARKET, COMPANY EVALUATION QUADRANT, 2020 (OVERALL MARKET) 162
13.5.5 PRODUCT FOOTPRINT 163
TABLE 110 INDUSTRIAL ENZYMES: COMPANY PRODUCT TYPE FOOTPRINT 163
TABLE 111 INDUSTRIAL ENZYMES: COMPANY FORMULATION FOOTPRINT 163
TABLE 112 INDUSTRIAL ENZYMES: COMPANY SOURCE FOOTPRINT 164
TABLE 113 INDUSTRIAL ENZYMES: COMPANY REGION FOOTPRINT 164
TABLE 114 INDUSTRIAL ENZYMES: OVERALL COMPANY FOOTPRINT 165
13.6 INDUSTRIAL ENZYMES MARKET, STARTUP/SME EVALUATION QUADRANT, 2020 165
13.6.1 PROGRESSIVE COMPANIES 165
13.6.2 STARTING BLOCKS 165
13.6.3 RESPONSIVE COMPANIES 166
13.6.4 DYNAMIC COMPANIES 166
FIGURE 35 INDUSTRIAL ENZYMES MARKET: COMPANY EVALUATION QUADRANT,
2020 (STARTUP/SME) 166
13.7 NEW PRODUCT LAUNCHES AND DEALS 167
13.7.1 NEW PRODUCT LAUNCHES 167
TABLE 115 INDUSTRIAL ENZYMES MARKET: PRODUCT LAUNCHES, JUNE 2018–
APRIL 2021 167
13.7.2 DEALS 170
TABLE 116 INDUSTRIAL ENZYMES MARKET: DEALS, JUNE 2019- FEBRUARY 2021 170
 
14 COMPANY PROFILES 172
14.1 KEY PLAYERS 172
(Business overview, Products offered, Recent Developments, MNM view)*
14.1.1 BASF 172
TABLE 117 BASF: BUSINESS OVERVIEW 172
FIGURE 36 BASF: COMPANY SNAPSHOT 173
TABLE 118 BASF: PRODUCTS OFFERED 174
TABLE 119 INDUSTRIAL ENZYMES MARKET: PRODUCT LAUNCHES, OCTOBER 2020-DECEMBER 2021 175
TABLE 120 INDUSTRIAL ENZYMES MARKET: DEALS, APRIL 2021-OCTOBER 2021 175
14.1.2 NOVOZYMES 177
TABLE 121 NOVOZYMES: BUSINESS OVERVIEW 177
FIGURE 37 NOVOZYMES: COMPANY SNAPSHOT 178
TABLE 122 NOVOZYMES: PRODUCTS OFFERED 178
TABLE 123 INDUSTRIAL ENZYMES MARKET: PRODUCT LAUNCHES, MARCH 2020–
MAY 2019 180
TABLE 124 INDUSTRIAL ENZYMES MARKET: DEALS, JUNE 2019–NOVEMBER 2020 181
14.1.3 DUPONT 182
TABLE 125 DUPONT: BUSINESS OVERVIEW 182
FIGURE 38 DUPONT: COMPANY SNAPSHOT 183
TABLE 126 DUPONT: PRODUCTS OFFERED 183
TABLE 127 INDUSTRIAL ENZYMES MARKET: PRODUCT LAUNCHES, MAY 2020-
APRIL 2021 184
TABLE 128 INDUSTRIAL ENZYMES MARKET: DEALS, NOVEMBER 2020-FEBRUARY 2021 185
14.1.4 DSM 187
TABLE 129 DSM: BUSINESS OVERVIEW 187
FIGURE 39 DSM: COMPANY SNAPSHOT 188
TABLE 130 DSM: PRODUCTS OFFERED 188
TABLE 131 INDUSTRIAL ENZYMES MARKET: PRODUCT LAUNCHES, JUNE 2018-NOVEMBER 2019 189
TABLE 132 INDUSTRIAL ENZYMES MARKET: OTHERS, OCTOBER 2018 190
14.1.5 ASSOCIATED BRITISH FOODS PLC (ABF) 191
TABLE 133 ASSOCIATED BRITISH FOODS PLC (ABF): BUSINESS OVERVIEW 191
FIGURE 40 ASSOCIATED BRITISH FOODS PLC (ABF): COMPANY SNAPSHOT 192
TABLE 134 ASSOCIATED BRITISH FOODS PLC: PRODUCTS OFFERED 192
14.1.6 KERRY 194
TABLE 135 KERRY: BUSINESS OVERVIEW 194
FIGURE 41 KERRY: COMPANY SNAPSHOT 195
TABLE 136 KERRY: PRODUCTS OFFERED 195
TABLE 137 INDUSTRIAL ENZYMES MARKET: PRODUCT LAUNCHES, JANUARY 2019 196
TABLE 138 INDUSTRIAL ENZYMES MARKET: OTHERS, MARCH 2018 196
 
14.1.7 ADVANCED ENZYME TECHNOLOGIES 198
TABLE 139 ADVANCED ENZYME TECHNOLOGIES: BUSINESS OVERVIEW 198
FIGURE 42 ADVANCED ENZYME TECHNOLOGIES: COMPANY SNAPSHOT 199
TABLE 140 ADVANCED ENZYME TECHNOLOGIES: PRODUCTS OFFERED 199
TABLE 141 INDUSTRIAL ENZYMES MARKET: DEALS, AUGUST 2017 200
14.1.8 CHR. HANSEN 202
TABLE 142 CHR. HANSEN: BUSINESS OVERVIEW 202
FIGURE 43 CHR. HANSEN: COMPANY SNAPSHOT 203
TABLE 143 CHR. HANSEN: PRODUCTS OFFERED 203
TABLE 144 INDUSTRIAL ENZYMES MARKET: PRODUCT LAUNCHES, MAY 2019-NOVEMBER 2020 204
14.1.9 AMANO ENZYME INC. 205
TABLE 145 AMANO ENZYME INC.: BUSINESS OVERVIEW 205
TABLE 146 AMANO ENZYME INC.: PRODUCTS OFFERED 205
14.1.10 AUMGENE BIOSCIENCES 206
TABLE 147 AUMGENE BIOSCIENCES: BUSINESS OVERVIEW 206
TABLE 148 AUMGENE BIOSCIENCES: PRODUCTS OFFERED 206
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
14.2 OTHER PLAYERS 207
14.2.1 MEGAZYME 207
14.2.2 ENZYME SUPPLIES 208
14.2.3 CREATIVE ENZYMES 209
14.2.4 ENZYME SOLUTIONS 210
14.2.5 ENZYMATIC DEINKING TECHNOLOGIES 211
14.2.6 BIOCATALYSTS 212
14.2.7 SUNSON INDUSTRY GROUP 213
14.2.8 METAGEN 214
14.2.9 DENYKEM 215
14.2.10 TEX BIOSCIENCES 216
15 ADJACENT & RELATED MARKETS 217
15.1 INTRODUCTION 217
15.2 LIMITATIONS 217
15.3 TECHNICAL ENZYMES MARKET 217
15.3.1 MARKET DEFINITION 217
15.3.2 MARKET OVERVIEW 218
15.3.3 TECHNICAL ENZYMES MARKET, BY TYPE 218
TABLE 149 TECHNICAL ENZYMES MARKET SIZE, BY TYPE, 2017–2026 (USD MILLION) 219
TABLE 150 TECHNICAL ENZYMES MARKET SIZE, BY TYPE, 2017–2026 (TON) 219
15.3.4 TECHNICAL ENZYMES MARKET, BY REGION 219
TABLE 151 TECHNICAL ENZYMES MARKET SIZE, BY REGION, 2017–2026 (USD MILLION) 220
 
15.4 FOOD ENZYMES MARKET 220
15.4.1 LIMITATIONS 220
15.4.2 MARKET DEFINITION 220
15.4.3 MARKET OVERVIEW 221
15.4.4 FOOD ENZYMES MARKET, BY APPLICATION 221
TABLE 152 FOOD ENZYMES MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION) 221
TABLE 153 FOOD ENZYMES MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 222
TABLE 154 FOOD ENZYMES MARKET SIZE, BY TYPE, 2016–2020 (TONS) 222
TABLE 155 FOOD ENZYMES MARKET SIZE, BY TYPE, 2021–2026 (TONS) 223
15.4.5 FOOD ENZYMES MARKET, BY REGION 223
15.4.5.1 Introduction 223
TABLE 156 FOOD ENZYMES MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 223
TABLE 157 FOOD ENZYMES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 224
15.5 FEED ENZYMES MARKET 224
15.5.1 LIMITATIONS 224
15.5.2 MARKET DEFINITION 224
15.5.3 MARKET OVERVIEW 225
15.5.4 FEED ENZYMES MARKET, BY FUNCTION 225
15.5.5 FEED ENZYMES MARKET, BY REGION 225
15.5.5.1 Introduction 225
TABLE 158 FEED ENZYMES MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 226
TABLE 159 FEED ENZYMES MARKET SIZE, BY REGION, 2020–2025 (USD MILLION) 226
16 APPENDIX 227
16.1 DISCUSSION GUIDE 227
16.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 232
16.3 AVAILABLE CUSTOMIZATIONS 234
16.4 RELATED REPORTS 234
16.5 AUTHOR DETAILS 235

Modified Starch Market by Raw Material (Corn, Cassava, Potato, Wheat), End-User (Food & Beverages, Feed, and Industrial), Form (Dry and Liquid), and R...

Publisher:        MarketsandMarkets

# of Pages:        219

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Publication Date:  April, 2022

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1 INTRODUCTION 20
1.1 OBJECTIVES OF THE STUDY 20
1.2 MARKET DEFINITION 20
1.3 STUDY SCOPE 21
FIGURE 1 MARKET SEGMENTATION 21
1.4 REGIONS COVERED 22
1.5 PERIODIZATION CONSIDERED 22
1.6 CURRENCY CONSIDERED 23
TABLE 1 USD EXCHANGE RATES CONSIDERED, 2019–2021 23
1.7 VOLUME UNIT CONSIDERED 23
1.8 STAKEHOLDERS 24
1.9 SUMMARY OF CHANGES 24
2 RESEARCH METHODOLOGY 26
2.1 RESEARCH DATA 26
FIGURE 2 MODIFIED STARCH MARKET: RESEARCH DESIGN 26
2.1.1 SECONDARY DATA 27
2.1.1.1 Key data from secondary sources 27
2.1.2 PRIMARY DATA 27
2.1.2.1 Key data from primary sources 28
2.1.2.2 Key industry insights 29
2.1.2.3 Breakdown of primary interviews 30
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY VALUE CHAIN, DESIGNATION, AND REGION 30
2.2 FACTOR ANALYSIS 31
2.2.1 INTRODUCTION 31
2.2.2 DEMAND-SIDE ANALYSIS 31
FIGURE 4 KEY ECONOMIES BASED ON GDP, 2013–2018 (USD TRILLION) 31
2.2.3 SUPPLY-SIDE ANALYSIS 32
2.2.4 MARKET SIZE ESTIMATION 32
2.2.5 APPROACH ONE (BASED ON RAW MATERIAL, BY REGION) 33
2.2.6 APPROACH TWO (BASED ON THE GLOBAL MARKET) 34
2.3 DATA TRIANGULATION 35
FIGURE 5 DATA TRIANGULATION METHODOLOGY 35
2.4 ASSUMPTIONS FOR THE STUDY 36
2.5 LIMITATIONS OF THE STUDY 37
 
3 EXECUTIVE SUMMARY 38
FIGURE 6 IMPACT OF COVID-19 ON THE MODIFIED STARCH MARKET SIZE,
BY SCENARIO, 2022 VS. 2021 (USD MILLION) 39
FIGURE 7 MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2022 VS. 2027 (USD MILLION) 40
FIGURE 8 MODIFIED STARCH MARKET SIZE, BY APPLICATION,
2022 VS. 2027 (USD MILLION) 41
FIGURE 9 MODIFIED STARCH MARKET SIZE, BY FORM, 2022 VS. 2027 (USD MILLION) 41
FIGURE 10 MODIFIED STARCH MARKET SHARE (VALUE), BY REGION, 2022 42
4 PREMIUM INSIGHTS 43
4.1 ATTRACTIVE OPPORTUNITIES IN THE MODIFIED STARCH MARKET 43
FIGURE 11 RISE IN DEMAND FOR MODIFIED STARCH DUE TO CONSUMER DEMAND FOR CONVENIENT FOOD PACKAGING GLOBALLY 43
4.2 ASIA PACIFIC: MODIFIED STARCH MARKET, BY RAW MATERIAL & COUNTRY 44
FIGURE 12 MODIFIED CORN STARCH AND CHINA TO ACCOUNT FOR THE LARGEST RESPECTIVE MARKET SHARES IN THE ASIA PACIFIC MARKET IN 2022 44
4.3 MODIFIED STARCH MARKET, BY RAW MATERIAL 44
FIGURE 13 CORN-BASED MODIFIED STARCH TO DOMINATE THE MARKET
DURING THE FORECAST PERIOD 44
4.4 MODIFIED STARCH MARKET, BY RAW MATERIAL & REGION 45
FIGURE 14 ASIA PACIFIC TO DOMINATE ACROSS RAW MATERIAL MARKETS
DURING THE FORECAST PERIOD 45
4.5 MODIFIED STARCH MARKET, BY APPLICATION 46
FIGURE 15 FOOD & BEVERAGE APPLICATIONS TO DOMINATE THE MARKET
DURING THE FORECAST PERIOD 46
4.6 MODIFIED STARCH MARKET, BY FORM 46
FIGURE 16 DRY MODIFIED STARCH TO DOMINATE THE MARKET
DURING THE FORECAST PERIOD 46
FIGURE 17 COVID-19 IMPACT ON THE MODIFIED STARCH MARKET: COMPARISON OF PRE- AND POST-COVID-19 SCENARIOS 47
5 MARKET OVERVIEW 48
5.1 INTRODUCTION 48
5.2 MARKET DYNAMICS 49
FIGURE 18 MODIFIED STARCH MARKET DYNAMICS 49
5.2.1 DRIVERS 49
5.2.1.1 Rise in demand for convenience and processed food 49
FIGURE 19 CONSUMER PREFERENCE FOR FOOD PROCESSING 50
5.2.1.2 Functional properties of modified starch and their ease of incorporation in a wide range of food applications 51
TABLE 2 RESEARCH CONDUCTED ON THE PHYSICAL MODIFICATION OF STARCH 52
5.2.1.3 Growth in demand for adhesives in a range of industrial applications 53
5.2.2 RESTRAINTS 53
5.2.2.1 Limited sources and high cost of natural additives 53
FIGURE 20 US: CASSAVA PRICE TRENDS, 2013–2018 (USD/TONNE) 53
5.2.2.2 Higher demand for gum arabic 54
5.2.3 OPPORTUNITIES 54
5.2.3.1 Potential alternative sources of modified starch 54
5.2.3.2 Untapped applications of modified starch 55
5.2.4 CHALLENGES 55
5.2.4.1 Approval from the different regulatory bodies 55
5.2.4.2 Rise in cost of raw materials 55
5.3 COVID-19 IMPACT ON THE MODIFIED STARCH MARKET 56
6 INDUSTRY TRENDS 57
6.1 INTRODUCTION 57
6.2 IMPACT OF REVENUE SHIFT 57
FIGURE 21 YC-YCC: IMPACT OF REVENUE SHIFT ON THE MODIFIED STARCH MARKET 57
6.3 VALUE CHAIN 57
6.3.1 RESEARCH & DEVELOPMENT 58
6.3.2 SOURCING OF RAW MATERIALS 58
6.3.3 PRODUCTION AND PROCESSING 58
6.3.4 DISTRIBUTION, MARKETING, AND SALES 58
FIGURE 22 MODIFIED STARCH MARKET: VALUE CHAIN 58
6.4 TECHNOLOGY ANALYSIS 59
FIGURE 23 MODIFIED STARCH MARKET: TECHNOLOGY ANALYSIS 59
6.4.1 PHYSICAL METHODS 59
6.4.2 CHEMICAL METHODS 59
6.4.3 ENZYMATIC METHODS 59
6.5 PATENT ANALYSIS 60
TABLE 3 PATENTS PERTAINING TO MODIFIED STARCH, 2021 60
6.6 ECOSYSTEM MAP AND SUPPLY CHAIN 61
6.6.1 MODIFIED STARCH: MARKET MAP OF ECOSYSTEM 61
FIGURE 24 MODIFIED STARCH MARKET: SUPPLY CHAIN 62
FIGURE 25 ECOSYSTEM VIEW 63
6.7 PORTER’S FIVE FORCES ANALYSIS 63
TABLE 4 MODIFIED STARCH MARKET: PORTER’S FIVE FORCES ANALYSIS 64
6.7.1 BARGAINING POWER OF SUPPLIERS 64
6.7.2 BARGAINING POWER OF BUYERS 64
6.7.3 THREAT OF SUBSTITUTES 64
6.7.4 THREAT OF NEW ENTRANTS 65
6.7.5 INTENSITY OF COMPETITION RIVALRY 65
6.8 TRADE ANALYSIS 65
6.8.1 CORN STARCH 66
TABLE 5 TOP 10 EXPORTERS AND IMPORTERS OF CORN STARCH, 2019 (KT) 66
6.8.2 CASSAVA STARCH 66
TABLE 6 TOP 10 EXPORTERS AND IMPORTERS OF CASSAVA STARCH, 2019 (KT) 66
6.8.3 POTATO STARCH 67
TABLE 7 TOP 10 EXPORTERS AND IMPORTERS OF POTATO STARCH, 2019 (KT) 67
6.8.4 WHEAT STARCH 67
TABLE 8 TOP 10 EXPORTERS AND IMPORTERS OF WHEAT STARCH, 2019 (KT) 67
6.9 CASE STUDIES 68
6.9.1 ROQUETTE: BAKERY PRODUCTS WITH MODIFIED STARCH 68
6.9.2 INGREDION INCORPORATED: COMPANY USES MODIFIED POTATO STARCH TO MAINTAIN THE PULPY GOODNESS 68
6.10 KEY CONFERENCES & EVENTS 69
TABLE 9 MODIFIED STARCH MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2022–2023 69
6.11 KEY STAKEHOLDERS & BUYING CRITERIA 70
6.11.1 KEY STAKEHOLDERS IN BUYING PROCESS 70
FIGURE 26 INFLUENCE OF STAKEHOLDERS IN BUYING MODIFIED STARCH APPLICATIONS 70
TABLE 10 INFLUENCE OF STAKEHOLDERS IN BUYING FOR TOP 3 APPLICATIONS 70
6.11.2 BUYING CRITERIA 70
FIGURE 27 KEY BUYING CRITERIA FOR TOP APPLICATIONS 70
TABLE 11 KEY BUYING CRITERIA FOR MODIFIED STARCH APPLICATIONS 71
6.12 AVERAGE SELLING PRICES 71
6.12.1 AVERAGE SELLING PRICE TREND ANALYSIS 71
FIGURE 28 US: CORN PRICES, 2013–2019 (USD/BUSHELS) 71
TABLE 12 GLOBAL AVERAGE PRICES OF MODIFIED STARCH, BY RAW MATERIAL,
2018 VS. 2019 (USD/TON) 71
FIGURE 29 PRICING TRENDS OF THE POTATO STARCH, 2017–2019 (USD/TON) 72
TABLE 13 AVERAGE PRICES OF MODIFIED STARCH, BY REGION,
2020 VS. 2021 (USD/TON) 72
7 REGULATORY FRAMEWORK 73
7.1 INTRODUCTION 73
7.2 MODIFIED STARCH REGULATIONS IN NORTH AMERICA 73
7.2.1 US FOOD AND DRUG ADMINISTRATION 73
7.3 MODIFIED STARCH REGULATIONS IN EUROPE 76
7.4 MODIFIED STARCH REGULATIONS IN THE ASIA PACIFIC 76
8 MODIFIED STARCH MARKET, BY RAW MATERIAL 77
8.1 INTRODUCTION 78
TABLE 14 MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 78
TABLE 15 MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL, 2018–2027 (KT) 78
8.2 CORN 79
8.2.1 EASY PROCESSIBILITY MAKES CORN STARCH HIGHLY PREFERRED 79
TABLE 16 MODIFIED CORN STARCH MARKET SIZE, BY REGION,
2018–2027 (USD MILLION) 79
TABLE 17 MODIFIED CORN STARCH MARKET SIZE, BY REGION, 2018–2027 (KT) 79
8.3 CASSAVA 80
8.3.1 CASSAVA MODIFIED STARCH MARKET DRIVEN BY FUNCTIONAL PROPERTIES 80
TABLE 18 MODIFIED CASSAVA STARCH MARKET SIZE, BY REGION,
2018–2027 (USD MILLION) 80
TABLE 19 MODIFIED CASSAVA STARCH MARKET SIZE, BY REGION, 2018–2027 (KT) 81
8.4 POTATO 81
8.4.1 POTATO STARCH FINDS MAJOR APPLICATION IN THE EUROPEAN MARKET 81
TABLE 20 MODIFIED POTATO STARCH MARKET SIZE, BY REGION,
2018–2027 (USD MILLION) 81
TABLE 21 MODIFIED POTATO STARCH MARKET SIZE, BY REGION, 2018–2027 (KT) 82
8.5 WHEAT 82
8.5.1 WHEAT MODIFIED STARCH GAINS POPULARITY OWING TO ITS THICKENING AND BLENDING PROPERTIES 82
TABLE 22 MODIFIED WHEAT STARCH MARKET SIZE, BY REGION,
2018–2027 (USD MILLION) 82
TABLE 23 MODIFIED WHEAT STARCH MARKET SIZE, BY REGION, 2018–2027 (KT) 83
8.6 OTHER RAW MATERIALS 83
TABLE 24 OTHER RAW MATERIALS MARKET SIZE, BY REGION,
2018–2027 (USD MILLION) 83
TABLE 25 OTHER RAW MATERIALS MARKET SIZE, BY REGION, 2018–2027 (KT) 84
9 MODIFIED STARCH MARKET, BY APPLICATION 85
9.1 INTRODUCTION 86
TABLE 26 MODIFIED STARCH MARKET SIZE, BY APPLICATION,
2018–2027 (USD MILLION) 86
FIGURE 30 MODIFIED STARCH MARKET SIZE, BY APPLICATION,
2022 VS. 2027 (USD MILLION) 87
9.2 COVID-19 IMPACT ON THE MODIFIED STARCH MARKET, BY APPLICATION 87
9.2.1 REALISTIC SCENARIO 88
TABLE 27 REALISTIC SCENARIO: MODIFIED STARCH MARKET SIZE, BY APPLICATION, 2019–2021 (USD MILLION) 88
9.2.2 OPTIMISTIC SCENARIO 88
TABLE 28 OPTIMISTIC SCENARIO: MODIFIED STARCH MARKET SIZE, BY APPLICATION, 2019–2021 (USD MILLION) 88
9.2.3 PESSIMISTIC SCENARIO 88
TABLE 29 PESSIMISTIC SCENARIO: MODIFIED STARCH MARKET SIZE, BY APPLICATION, 2019–2021 (USD MILLION) 88
9.3 FOOD & BEVERAGES 89
TABLE 30 MODIFIED STARCH MARKET SIZE IN FOOD & BEVERAGES, BY REGION, 2018–2027 (USD MILLION) 89
TABLE 31 MODIFIED STARCH MARKET SIZE IN FOOD & BEVERAGES,
BY SUBAPPLICATION, 2018–2027 (USD MILLION) 89
9.3.1 BAKERY & CONFECTIONERY PRODUCTS 90
9.3.1.1 Modified starch improves the texture and quality of bakery products 90
TABLE 32 MODIFIED STARCH MARKET SIZE IN BAKERY & CONFECTIONERY PRODUCTS, BY REGION, 2018–2027 (USD MILLION) 90
9.3.2 PROCESSED FOODS 90
9.3.2.1 Modified starch functions as a stabilizer and provides freeze-thaw ability to processed foods 90
TABLE 33 MODIFIED STARCH MARKET SIZE IN PROCESSED FOODS, BY REGION,
2018–2027 (USD MILLION) 91
9.3.3 BEVERAGES 91
9.3.3.1 Starches stabilize beverages and provide them with viscosity for desired mouthfeel 91
TABLE 34 MODIFIED STARCH MARKET SIZE IN BEVERAGES, BY REGION,
2018–2027 (USD MILLION) 91
9.3.4 OTHER FOOD APPLICATIONS 92
TABLE 35 MODIFIED STARCH MARKET SIZE IN OTHER FOOD APPLICATIONS,
BY REGION, 2018–2027 (USD MILLION) 92
9.4 FEED 92
TABLE 36 MODIFIED STARCH MARKET SIZE IN FEED, BY REGION,
2018–2027 (USD MILLION) 92
TABLE 37 MODIFIED STARCH MARKET SIZE IN FEED, BY TYPE,
2018–2027 (USD MILLION) 93
9.4.1 SWINE FEED 93
9.4.1.1 Starch improves digestibility in swine 93
9.4.2 RUMINANT FEED 93
9.4.2.1 Starch provides carbohydrates, helping ruminants gain weight 93
9.4.3 POULTRY FEED 93
9.4.3.1 Starch is an important nutrient source in poultry diets 93
9.4.4 OTHER FEED APPLICATIONS 94
9.5 INDUSTRIAL 94
TABLE 38 MODIFIED STARCH MARKET SIZE IN INDUSTRIAL APPLICATIONS, BY REGION, 2018–2027 (USD MILLION) 94
TABLE 39 MODIFIED STARCH MARKET SIZE IN INDUSTRIAL APPLICATIONS,
BY SUBAPPLICATION, 2018–2027 (USD MILLION) 94
9.5.1 PAPERMAKING 95
9.5.1.1 Modified starch provides internal strength to paper 95
TABLE 40 MODIFIED STARCH MARKET SIZE IN PAPERMAKING, BY REGION,
2018–2027 (USD MILLION) 95
9.5.2 WEAVING & TEXTILES 95
9.5.2.1 Starch improves the appearance of fabric 95
TABLE 41 MODIFIED STARCH MARKET SIZE IN WEAVING & TEXTILES, BY REGION, 2018–2027 (USD MILLION) 96
9.5.3 MEDICINES & PHARMACEUTICALS 96
9.5.3.1 Modified starch is important in various pharmaceutical applications 96
TABLE 42 MODIFIED STARCH MARKET SIZE IN MEDICINES & PHARMACEUTICALS,
BY REGION, 2018–2027 (USD MILLION) 96
 
9.5.4 COSMETICS 97
9.5.4.1 Modified starch provides smoothness to cosmetics 97
TABLE 43 MODIFIED STARCH MARKET SIZE IN COSMETICS, BY REGION,
2018–2027 (USD MILLION) 97
9.5.5 OTHER INDUSTRIAL APPLICATIONS 97
TABLE 44 MODIFIED STARCH MARKET SIZE IN OTHER INDUSTRIAL APPLICATIONS,
BY REGION, 2018–2027 (USD MILLION) 97
10 MODIFIED STARCH MARKET, BY FORM 98
10.1 INTRODUCTION 99
TABLE 45 MODIFIED STARCH MARKET SIZE, BY FORM, 2018–2027 (USD MILLION) 99
FIGURE 31 MODIFIED STARCH MARKET SIZE, BY FORM, 2022 VS. 2027 (USD MILLION) 99
10.2 COVID-19 IMPACT ON THE MODIFIED STARCH MARKET, BY FORM 100
10.2.1 REALISTIC SCENARIO 100
TABLE 46 REALISTIC SCENARIO: MODIFIED STARCH MARKET SIZE, BY FORM,
2019–2021 (USD MILLION) 100
10.2.2 OPTIMISTIC SCENARIO 100
TABLE 47 OPTIMISTIC SCENARIO: MODIFIED STARCH MARKET SIZE, BY FORM,
2019–2021 (USD MILLION) 100
10.2.3 PESSIMISTIC SCENARIO 100
TABLE 48 PESSIMISTIC SCENARIO: MODIFIED STARCH MARKET SIZE, BY FORM,
2019–2021 (USD MILLION) 100
10.3 DRY 101
10.3.1 DRY FORM OF MODIFIED STARCH IS CONVENIENT TO USE 101
TABLE 49 DRY MODIFIED STARCH MARKET SIZE, BY REGION,
2018–2027 (USD MILLION) 101
10.4 LIQUID 101
10.4.1 LIQUID FORM OF MODIFIED STARCH REQUIRES MORE CARE 101
TABLE 50 LIQUID MODIFIED STARCH MARKET SIZE, BY REGION,
2018–2027 (USD MILLION) 102
11 MODIFIED STARCH MARKET, BY FUNCTION 103
11.1 INTRODUCTION 103
11.2 THICKENERS 103
11.3 STABILIZERS 104
11.4 BINDERS 104
11.5 EMULSIFIERS 104
11.6 OTHER FUNCTIONS 105
12 MODIFIED STARCH MARKET, BY MODIFICATION TYPE 106
12.1 INTRODUCTION 106
12.2 PHYSICAL MODIFICATION 106
TABLE 51 RESEARCH ON THE PHYSICAL MODIFICATION OF STARCH 107
12.2.1 HYDROTHERMAL 108
12.2.2 NON-HYDROTHERMAL 108
12.3 CHEMICAL MODIFICATION 108
TABLE 52 CHEMICAL MODIFICATION OF STARCH 109
12.3.1 CATIONIC STARCH 110
12.3.2 ETHERIFIED STARCH 110
TABLE 53 ETHERIFIED STARCH IN FOOD APPLICATIONS 111
12.3.3 ESTERIFIED STARCH 112
12.4 ENZYMATIC MODIFICATION 112
13 MODIFIED STARCH MARKET, BY REGION 113
13.1 INTRODUCTION 114
FIGURE 32 REGIONAL SNAPSHOT: NEW HOTSPOTS TO EMERGE IN ASIA PACIFIC,
2022–2027 115
TABLE 54 MODIFIED STARCH MARKET SIZE, BY REGION, 2018–2027 (USD MILLION) 115
TABLE 55 MODIFIED STARCH MARKET SIZE, BY REGION, 2018–2027 (KT) 116
13.2 COVID-19 IMPACT ON THE MODIFIED STARCH MARKET, BY REGION 116
13.2.1 OPTIMISTIC SCENARIO 116
TABLE 56 OPTIMISTIC SCENARIO: MODIFIED STARCH MARKET SIZE, BY REGION, 2019–2021 (USD MILLION) 116
13.2.2 REALISTIC SCENARIO 117
TABLE 57 REALISTIC SCENARIO: MODIFIED STARCH MARKET SIZE, BY REGION,
2019–2021 (USD MILLION) 117
13.2.3 PESSIMISTIC SCENARIO 117
TABLE 58 PESSIMISTIC SCENARIO: MODIFIED STARCH MARKET SIZE, BY REGION, 2019–2021 (USD MILLION) 117
13.3 NORTH AMERICA 117
TABLE 59 NORTH AMERICA: MODIFIED STARCH MARKET SIZE, BY COUNTRY,
2018–2027 (USD MILLION) 118
TABLE 60 NORTH AMERICA: MODIFIED STARCH MARKET SIZE, BY COUNTRY,
2018–2027 (KT) 118
TABLE 61 NORTH AMERICA: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL, 2018–2027 (USD MILLION) 118
TABLE 62 NORTH AMERICA: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL, 2018–2027 (KT) 119
TABLE 63 NORTH AMERICA: MODIFIED STARCH MARKET SIZE, BY APPLICATION,
2018–2027 (USD MILLION) 119
TABLE 64 NORTH AMERICA: MODIFIED STARCH MARKET SIZE, BY FORM,
2018–2027 (USD MILLION) 119
13.3.1 US 120
13.3.1.1 Corn is an important raw material for modified starch in the US 120
TABLE 65 US: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 120
13.3.2 CANADA 120
13.3.2.1 Canadian government agencies work to incorporate modified starch in various industrial applications 120
TABLE 66 CANADA: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 121
13.3.3 MEXICO 121
13.3.3.1 Growth of the paper & packaging industry demands modified starch 121
TABLE 67 MEXICO: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 121
13.4 EUROPE 122
TABLE 68 EUROPE: MODIFIED STARCH MARKET SIZE, BY COUNTRY,
2018–2027 (USD MILLION) 122
TABLE 69 EUROPE: MODIFIED STARCH MARKET SIZE, BY COUNTRY, 2018–2027 (KT) 123
TABLE 70 EUROPE: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 123
TABLE 71 EUROPE: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (KT) 123
TABLE 72 EUROPE: MODIFIED STARCH MARKET SIZE, BY APPLICATION,
2018–2027 (USD MILLION) 124
TABLE 73 EUROPE: MODIFIED STARCH MARKET SIZE, BY FORM,
2018–2027 (USD MILLION) 124
13.4.1 GERMANY 124
13.4.1.1 Increase in consumption of convenience food drives demand in Germany 124
TABLE 74 GERMANY: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 125
13.4.2 FRANCE 125
13.4.2.1 High consumption of dairy products fuels the demand for modified starch in France 125
TABLE 75 FRANCE: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 126
13.4.3 UK 126
13.4.3.1 Growth of the feed industry contributes to the market in the UK 126
TABLE 76 UK: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 126
13.4.4 SPAIN 127
13.4.4.1 Developed food processing industry propels growth in Spain 127
TABLE 77 SPAIN: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 127
13.4.5 ITALY 127
13.4.5.1 Widespread baker & confectionery industry in Italy to drive demand 127
TABLE 78 ITALY: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 128
13.4.6 REST OF EUROPE 128
TABLE 79 REST OF EUROPE: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL, 2018–2027 (USD MILLION) 128
 
13.5 ASIA PACIFIC 129
TABLE 80 ASIA PACIFIC: MODIFIED STARCH MARKET SIZE, BY COUNTRY,
2018–2027 (USD MILLION) 129
TABLE 81 ASIA PACIFIC: MODIFIED STARCH MARKET SIZE, BY COUNTRY,
2018–2027 (KT) 130
TABLE 82 ASIA PACIFIC: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 130
TABLE 83 ASIA PACIFIC: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (KT) 130
TABLE 84 ASIA PACIFIC: MODIFIED STARCH MARKET SIZE, BY APPLICATION,
2018–2027 (USD MILLION) 131
TABLE 85 ASIA PACIFIC: MODIFIED STARCH MARKET SIZE, BY FORM,
2018–2027 (USD MILLION) 131
13.5.1 CHINA 131
13.5.1.1 China dominates in Asia Pacific due to significant changes in lifestyle 131
TABLE 86 CHINA: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 132
13.5.2 JAPAN 132
13.5.2.1 Rise in the processed food industry in Japan drives the modified starch market 132
TABLE 87 JAPAN: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 132
13.5.3 INDIA 133
13.5.3.1 The modified starch market is highly fragmented in India 133
TABLE 88 INDIA: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 133
13.5.4 SOUTH KOREA 133
13.5.4.1 Growth in demand for packaged food drives demand for modified starch in South Korea 133
TABLE 89 SOUTH KOREA: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 134
13.5.5 THAILAND 134
13.5.5.1 Abundance of cassava as a raw material drives the Thai market 134
TABLE 90 THAILAND: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 134
13.5.6 REST OF ASIA PACIFIC 135
TABLE 91 REST OF ASIA PACIFIC: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL, 2018–2027 (USD MILLION) 135
13.6 SOUTH AMERICA 135
TABLE 92 SOUTH AMERICA: MODIFIED STARCH MARKET SIZE, BY COUNTRY,
2018–2027 (USD MILLION) 136
TABLE 93 SOUTH AMERICA: MODIFIED STARCH MARKET SIZE, BY COUNTRY,
2018–2027 (KT) 136
TABLE 94 SOUTH AMERICA: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL, 2018–2027 (USD MILLION) 136
TABLE 95 SOUTH AMERICA MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL, 2018–2027 (KT) 137
TABLE 96 SOUTH AMERICA: MODIFIED STARCH MARKET SIZE, BY APPLICATION,
2018–2027 (USD MILLION) 137
TABLE 97 SOUTH AMERICA: MODIFIED STARCH MARKET SIZE, BY FORM,
2018–2027 (USD MILLION) 137
13.6.1 BRAZIL 138
13.6.1.1 High meat consumption in Brazil to drive the market 138
TABLE 98 BRAZIL: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 138
13.6.2 ARGENTINA 138
13.6.2.1 Growing feed industry to increase the demand for modified starch in Argentina 138
TABLE 99 ARGENTINA: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 139
13.6.3 REST OF SOUTH AMERICA 139
TABLE 100 REST OF SOUTH AMERICA: MODIFIED STARCH MARKET SIZE,
BY RAW MATERIAL, 2018–2027 (USD MILLION) 139
13.7 REST OF THE WORLD (ROW) 140
TABLE 101 ROW: MODIFIED STARCH MARKET SIZE, BY REGION,
2018–2027 (USD MILLION) 140
TABLE 102 ROW: MODIFIED STARCH MARKET SIZE, BY REGION, 2018–2027 (KT) 140
TABLE 103 ROW: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 141
TABLE 104 ROW: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL, 2018–2027 (KT) 141
TABLE 105 ROW: MODIFIED STARCH MARKET SIZE, BY APPLICATION,
2018–2027 (USD MILLION) 141
TABLE 106 ROW: MODIFIED STARCH MARKET SIZE, BY FORM,
2018–2027 (USD MILLION) 142
13.7.1 AFRICA 142
13.7.1.1 Increased demand for food processing ingredients drives market in the region 142
TABLE 107 AFRICA: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 142
13.7.2 MIDDLE EAST 143
13.7.2.1 Consumers are witnessing an increased demand for clean-label food products in the Middle East 143
TABLE 108 MIDDLE EAST: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL,
2018–2027 (USD MILLION) 143
14 COMPETITIVE LANDSCAPE 144
14.1 OVERVIEW 144
14.2 KEY PLAYER STRATEGIES 144
TABLE 109 KEY PLAYER STRATEGIES 144
14.3 MARKET SHARE ANALYSIS 145
FIGURE 33 MARKET SHARE ANALYSIS, 2020 146
14.4 REVENUE ANALYSIS OF MAJOR MARKET PLAYERS 146
FIGURE 34 REVENUE ANALYSIS OF MAJOR MARKET PLAYERS,
2018–2020 (USD BILLION) 146
14.5 COMPETITIVE SCENARIO & TRENDS 147
14.5.1 NEW PRODUCT LAUNCHES 147
TABLE 110 NEW PRODUCT LAUNCHES, 2018–2020 147
14.5.2 DEALS 148
TABLE 111 DEALS, 2018–2020 148
14.5.3 OTHERS 149
TABLE 112 OTHERS, 2018–2020 149
14.6 COMPANY EVALUATION QUADRANT 150
14.6.1 STARS 150
14.6.2 EMERGING LEADERS 150
14.6.3 PERVASIVE PLAYERS 150
14.6.4 EMERGING COMPANIES 150
14.6.5 COMPETITIVE BENCHMARKING 151
TABLE 113 LIST OF KEY STARTUPS 151
TABLE 114 MODIFIED STARCH MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS 152
14.6.6 COMPANY EVALUATION MATRIX, 2020 (OVERALL MARKET) 153
FIGURE 35 MODIFIED STARCH MARKET COMPANY EVALUATION MATRIX,
2020 (OVERALL MARKET) 153
14.6.7 MARKET EVALUATION FRAMEWORK 154
FIGURE 36 MARKET EVALUATION FRAMEWORK, 2018–2021 154
15 COMPANY PROFILES 155
(Business overview, Products offered, Recent Developments, MNM view)*
15.1 ARCHER DANIELS MIDLAND COMPANY 155
TABLE 115 ARCHER DANIELS MIDLAND COMPANY: COMPANY AT A GLANCE 155
FIGURE 37 ARCHER DANIELS MIDLAND COMPANY: COMPANY SNAPSHOT 156
TABLE 116 ARCHER DANIELS MIDLANDS COMPANY: DEALS 157
15.2 CARGILL 159
TABLE 117 CARGILL, INCORPORATED: COMPANY AT A GLANCE 159
FIGURE 38 CARGILL: COMPANY SNAPSHOT 159
TABLE 118 CARGILL: OTHERS 161
15.3 INGREDION INCORPORATED 162
TABLE 119 INGREDION INCORPORATED: COMPANY AT A GLANCE 162
FIGURE 39 INGREDION INCORPORATED: COMPANY SNAPSHOT 163
TABLE 120 INGREDION INCORPORATED: NEW PRODUCT LAUNCHES 166
TABLE 121 INGREDION INCORPORATED: DEALS 166
15.4 TATE & LYLE 168
TABLE 122 TATE & LYLE: COMPANY AT A GLANCE 168
FIGURE 40 TATE & LYLE: COMPANY SNAPSHOT 169
TABLE 123 TATE & LYLE: NEW PRODUCT LAUNCHES 170
TABLE 124 TATE & LYLE: OTHERS 171
 
15.5 ROQUETTE FRÈRES 172
TABLE 125 ROQUETTE FRÈRES: COMPANY AT A GLANCE 172
15.6 AVEBE U.A. 174
TABLE 126 AVEBE U.A.: COMPANY AT A GLANCE 174
FIGURE 41 AVEBE U.A.: COMPANY SNAPSHOT 175
TABLE 127 AVEBE U.A.: OTHERS 176
15.7 GRAIN PROCESSING CORPORATION 177
TABLE 128 GRAIN PROCESSING CORPORATION: COMPANY AT A GLANCE 177
15.8 EMSLAND GROUP 179
TABLE 129 EMSLAND GROUP: COMPANY AT A GLANCE 179
TABLE 130 EMSLAND GROUP: NEW PRODUCTS OFFERED 180
TABLE 131 EMSLAND GROUP: DEALS 180
15.9 AGRANA 181
TABLE 132 AGRANA BETEILIGUNGS-AG: COMPANY AT A GLANCE 181
FIGURE 42 AGRANA: COMPANY SNAPSHOT 182
TABLE 133 AGRANA: OTHERS 183
15.10 SMS CORPORATION 184
TABLE 134 SMS CORPORATION: COMPANY AT A GLANCE 184
TABLE 135 SMS CORPORATION: NEW PRODUCT LAUNCHES 186
15.11 GLOBAL BIO-CHEM TECHNOLOGY GROUP COMPANY LIMITED 187
TABLE 136 GLOBAL BIO-CHEM TECHNOLOGY GROUP COMPANY LIMITED:
COMPANY AT A GLANCE 187
FIGURE 43 GLOBAL BIO-CHEM TECHNOLOGY GROUP COMPANY LIMITED:
COMPANY SNAPSHOT 188
15.12 SPAC STARCH PRODUCTS (INDIA) LTD. 189
TABLE 137 SPAC STARCH PRODUCTS (INDIA) LTD.: COMPANY AT A GLANCE 189
15.13 QINGDAO CBH CO., LTD. 190
TABLE 138 QINGDAO CBH CO., LTD.: COMPANY AT A GLANCE 190
15.14 TEREOS 191
TABLE 139 TEREOS: COMPANY AT A GLANCE 191
FIGURE 44 TEREOS: COMPANY SNAPSHOT 192
15.15 KMC 193
TABLE 140 KMC: COMPANY AT A GLANCE 193
15.16 BENEO 194
TABLE 141 BENEO: COMPANY AT A GLANCE 194
TABLE 142 BENEO: NEW PRODUCT LAUNCHES 195
TABLE 143 BENEO: OTHERS 195
15.17 ANGEL STARCH & FOOD PVT. LTD. 196
TABLE 144 ANGEL STARCH & FOOD PVT. LTD.: COMPANY AT A GLANCE 196
 
15.18 SHUBHAM STARCH CHEM PVT. LTD. 197
TABLE 145 SHUBHAM STARCH CHEM PVT. LTD.: COMPANY AT A GLANCE 197
15.19 EVEREST STARCH (INDIA) PVT. LTD. 198
TABLE 146 EVEREST STARCH (INDIA) PVT. LTD.: COMPANY AT A GLANCE 198
15.20 SHEEKHARR STARCH PVT. LTD. 199
TABLE 147 SHEEKHARR STARCH PVT. LTD.: COMPANY AT A GLANCE 199
15.21 SANSTAR BIO-POLYMERS LTD. 200
TABLE 148 SANSTAR BIO-POLYMERS LTD.: COMPANY AT A GLANCE 200
15.22 UNIVERSAL BIOPOLYMERS 201
TABLE 149 UNIVERSAL BIOPOLYMERS: COMPANY AT A GLANCE 201
15.23 SONISH STARCH TECHNOLOGY CO. LTD. 202
TABLE 150 SONISH STARCH TECHNOLOGY CO. LTD.: COMPANY AT A GLANCE 202
15.24 VENUS STARCH SUPPLIERS 203
TABLE 151 VENUS STARCH SUPPLIERS: COMPANY AT A GLANCE 203
15.25 GROMOTECH AGROCHEM PVT. LTD. 204
TABLE 152 GROMOTECH AGROCHEM PVT. LTD.: COMPANY AT A GLANCE 204
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
16 ADJACENT AND RELATED MARKETS 205
16.1 INTRODUCTION 205
TABLE 153 ADJACENT MARKETS TO MODIFIED STARCH 205
16.2 LIMITATIONS 205
16.3 POTATO STARCH MARKET 206
16.3.1 MARKET DEFINITION 206
16.3.2 MARKET OVERVIEW 206
TABLE 154 POTATO STARCH MARKET SIZE, BY TYPE, 2019–2027 (USD MILLION) 206
16.4 PEA STARCH MARKET 206
16.4.1 MARKET DEFINITION 206
16.4.2 MARKET OVERVIEW 207
TABLE 155 PEA STARCH MARKET SIZE, BY GRADE, 2019–2026 (USD BILLION) 207
17 APPENDIX 208
17.1 DISCUSSION GUIDE 208
17.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 214
17.3 AVAILABLE CUSTOMIZATIONS 216
17.4 RELATED REPORTS 216
17.5 AUTHOR DETAILS 217

Fruit and Vegetable Processing Market by Product Type (Fresh, Fresh-cut, Canned, Frozen, Dried & Dehydrated, Convenience), Equipment Type, Operation (...

Publisher:        MarketsandMarkets

# of Pages:        424

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Publication Date:  April, 2022

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1 INTRODUCTION 54
1.1 OBJECTIVES OF THE STUDY 54
1.2 MARKET DEFINITION 54
1.3 MARKET SEGMENTATION 55
FIGURE 1 FRUIT & VEGETABLE PROCESSING MARKET SEGMENTATION 55
1.3.1 INCLUSIONS AND EXCLUSIONS 55
1.3.2 REGIONS COVERED 56
1.4 YEARS CONSIDERED 57
1.5 CURRENCY CONSIDERED 57
TABLE 1 USD EXCHANGE RATES CONSIDERED, 2017–2021 58
1.6 VOLUME UNIT CONSIDERED 58
1.7 STAKEHOLDERS 58
1.8 SUMMARY OF CHANGES 59
2 RESEARCH METHODOLOGY 60
2.1 RESEARCH DATA 60
FIGURE 2 FRUIT & VEGETABLE PROCESSING MARKET: RESEARCH METHODOLOGY 60
2.1.1 SECONDARY DATA 61
2.1.1.1 Key data from secondary sources 61
2.1.2 PRIMARY DATA 61
2.1.2.1 Breakdown of primary interviews 62
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 62
2.2 DATA TRIANGULATION 63
2.3 MARKET SIZE ESTIMATION 64
FIGURE 4 FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 65
FIGURE 5 FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 66
FIGURE 6 PROCESSED FRUITS & VEGETABLES MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 67
FIGURE 7 PROCESSED FRUITS & VEGETABLES MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 68
2.4 RESEARCH ASSUMPTIONS & LIMITATIONS 69
2.4.1 ASSUMPTIONS 69
2.4.2 LIMITATIONS 70
2.5 MARKET SCENARIOS CONSIDERED FOR THE IMPACT OF COVID-19 70
2.6 SCENARIO-BASED MODELLING 71
2.7 COVID-19 HEALTH ASSESSMENT 71
FIGURE 8 COVID-19: GLOBAL PROPAGATION 71
FIGURE 9 COVID-19 PROPAGATION: SELECT COUNTRIES 72
2.8 COVID-19 ECONOMIC ASSESSMENT 73
FIGURE 10 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020 73
2.8.1 COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT 74
FIGURE 11 CRITERIA IMPACTING THE GLOBAL ECONOMY 74
FIGURE 12 SCENARIOS IN TERMS OF RECOVERY OF THE GLOBAL ECONOMY 75
3 EXECUTIVE SUMMARY 77
FIGURE 13 PROCESSED VEGETABLES SEGMENT TO DOMINATE THE MARKET (USD MILLION) 78
FIGURE 14 PROCESSED FRUITS & VEGETABLES MARKET, BY PRODUCT TYPE, 2017 VS. 2022 (USD MILLION) 79
FIGURE 15 PROCESSED FRUITS & VEGETABLES MARKET SHARE (VALUE): GEOGRAPHICAL OVERVIEW, 2021 80
FIGURE 16 FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY OPERATION TYPE, 2022 VS. 2027 (USD MILLION) 81
4 PREMIUM INSIGHTS 82
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN THE FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET 82
FIGURE 17 EMERGING ECONOMIES OFFER OPPORTUNITIES FOR MARKET GROWTH 82
4.2 NORTH AMERICA: FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET, BY EQUIPMENT TYPE & COUNTRY 83
FIGURE 18 FILLERS FORMED THE EQUIPMENT TYPE AND NORTH AMERICA WAS THE LARGEST FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET 83
4.3 FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET, BY OPERATION TYPE 83
FIGURE 19 AUTOMATIC EQUIPMENT TO DOMINATE THE MARKET DURING THE FORECAST PERIOD (USD MILLION) 83
4.4 PROCESSED FRUITS & VEGETABLES MARKET, BY PRODUCT TYPE & REGION 84
FIGURE 20 NORTH AMERICA TO LEAD THE PROCESSED FRUITS & VEGETABLES MARKET SHARE (VALUE) 84
4.5 FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET, BY EQUIPMENT TYPE 85
FIGURE 21 FILLERS TO DOMINATE DURING THE FORECAST PERIOD (USD MILLION) 85
4.6 FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET, BY REGION 86
FIGURE 22 THE US ACCOUNTED FOR THE LARGEST SHARE (VALUE) OF THE GLOBAL FRUIT & VEGETABLE PROCESSING EQUIPMENT IN 2021 86
5 MARKET OVERVIEW 87
5.1 FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET 87
5.1.1 INTRODUCTION 87
5.1.2 MARKET DYNAMICS 88
FIGURE 23 MARKET DYNAMICS: FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET 88
5.1.2.1 Drivers 88
5.1.2.1.1 Increase in fruit & vegetable processing and QSRs in the Indian foodservice industry 88
FIGURE 24 EXPENDITURE FOR FOOD AT HOME AND AWAY FROM HOME, 2011–2020 (USD BILLION) 89
5.1.2.1.2 Rise in demand for health and innovations leads to the advancement of fruit & vegetable processing machinery 89
5.1.2.1.3 Rise in focus on production and operational efficiency demand new technologies for fruit & vegetable processing 90
5.1.2.1.4 Demand for hygienic food packaging is on rise 90
5.1.2.1.5 Automation and robotics in processing equipment 91
5.1.2.2 Restraints 91
5.1.2.2.1 Increase in cost of production due to rise in energy, labor and maintenance costs 91
5.1.2.2.2 Stringent government regulations in Europe 92
5.1.2.3 Opportunities 92
5.1.2.3.1 Government initiatives and investments to expand the processed food sector in developing regions 92
5.1.2.3.2 Post-sales service contracts 93
5.1.2.4 Challenges 93
5.1.2.4.1 Lack of Infrastructural support in developing countries 93
5.2 PROCESSED FRUITS & VEGETABLES MARKET 93
5.2.1 INTRODUCTION 93
5.2.2 MARKET DYNAMICS 94
FIGURE 25 MARKET DYNAMICS: PROCESSED FRUITS AND VEGETABLES MARKET 94
5.2.2.1 Drivers 94
5.2.2.1.1 Growth in demand for exotic fruits and vegetables due to a boom in the hospitality industry 94
FIGURE 26 IMPORT VALUE OF FRUITS AND VEGETABLES IN KEY COUNTRIES, 2020 (USD THOUSAND) 95
5.2.2.1.2 Growth in demand for convenience food products 95
FIGURE 27 SALES OF CONVENIENCE FOODS, 2020 (CHANGE IN SALES) 96
5.2.2.1.3 Increased presence of modern retail outlets 97
5.2.2.1.4 Higher prevalence of chronic diseases 97
FIGURE 28 LEADING GLOBAL CAUSES OF DEATH 97
5.2.2.2 Restraints 98
5.2.2.2.1 Incidences of food recall 98
TABLE 2 FOOD RECALL INCIDENCES FOR PROCESSED FRUITS & VEGETABLES, 2022 98
5.2.2.2.2 Complex supply chain and high inventory carrying cost 98
5.2.2.3 Opportunities 99
5.2.2.3.1 Growth in demand for vegan food products 99
5.2.2.3.2 International trade of crops impacting food safety standards 99
FIGURE 29 KEY GLOBAL IMPORTER SHARE (VALUE), BY PRODUCE TYPE, 2020 100
5.2.2.3.3 Development of emerging economies 100
FIGURE 30 ASIA: GDP GROWTH RATE, BY KEY COUNTRY, 2020–2021 101
5.2.2.4 Challenges 101
5.2.2.4.1 Physiological deterioration and infections 101
5.2.2.4.2 Volatility in market prices of fresh produce 101
5.3 IMPACT OF COVID-19 ON MARKET DYNAMICS 102
5.3.1 COVID-19 NEGATIVELY IMPACTED SUPPLY CHAIN DYNAMICS OF THE FRUIT & VEGETABLE PROCESSING MARKET 102
6 INDUSTRY TRENDS 103
6.1 FRUIT AND VEGETABLE EQUIPMENT MARKET 103
6.1.1 INTRODUCTION 103
6.1.2 VALUE CHAIN ANALYSIS 103
FIGURE 31 FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET: VALUE CHAIN ANALYSIS 103
6.1.2.1 Raw material providers/suppliers 104
6.1.2.2 Component manufacturers 104
6.1.2.3 Fruit & vegetable processing equipment manufacturers/assemblers 104
6.1.2.4 Distributors (buyers)/end users and post-sales services 104
6.1.3 SUPPLY CHAIN 104
FIGURE 32 ENSURING PROPER HANDLING OF MACHINERY IS AN IMPORTANT ASPECT OF THE SUPPLY CHAIN 105
6.1.4 TECHNOLOGY ANALYSIS 105
6.1.5 PATENT ANALYSIS 107
FIGURE 33 FRUIT & VEGETABLE PROCESSING EQUIPMENT PATENTS, BY REGION, 2011–2021 107
TABLE 3 LIST OF IMPORTANT PATENTS FOR FRUIT & VEGETABLE PROCESSING EQUIPMENT, 2021 107
6.1.6 MARKET MAP 109
FIGURE 34 FRUIT & VEGETABLE PROCESSING MARKET: MARKET MAP 109
TABLE 4 FRUIT & VEGETABLE PROCESSING MARKET: ECOSYSTEM 109
6.1.7 PORTER’S FIVE FORCES ANALYSIS 110
TABLE 5 FRUIT & VEGETABLE PROCESSING QUIPMENT MARKET: PORTER’S FIVE FORCES ANALYSIS 110
6.1.7.1 Threat of new entrants 110
6.1.7.2 Threat of substitutes 110
6.1.7.3 Bargaining power of suppliers 111
6.1.7.4 Bargaining power of buyers 111
6.1.7.5 Intensity of competitive rivalry 111
6.1.8 KEY EXPORT-IMPORT MARKETS 112
FIGURE 35 IMPORT VALUE OF MACHINERY USED IN FRUIT & VEGETABLE PROCESSING, 2016–2020 (USD THOUSAND) 112
FIGURE 36 EXPORT VALUE OF MACHINERY USED IN FRUIT & VEGETABLE PROCESSING, 2016–2020 (USD THOUSAND) 112
6.1.9 KEY CONFERENCES & EVENTS 113
TABLE 6 FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2022–2023 113
6.1.10 TARIFF & REGULATORY LANDSCAPE 114
6.1.10.1 Regulatory bodies, government agencies, and other organizations 114
TABLE 7 US: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 114
TABLE 8 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS: EUROPE 115
TABLE 9 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS: ASIA PACIFIC 116
TABLE 10 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS: ROW 116
6.1.11 REVENUE SHIFT AND NEW REVENUE POCKETS FOR FRUIT & VEGETABLE PROCESSING EQUIPMENT MANUFACTURERS 117
FIGURE 37 REVENUE SHIFT FOR FRUIT & VEGETABLE PROCESSING EQUIPMENT 117
6.1.12 KEY STAKEHOLDERS & BUYING CRITERIA 118
6.1.12.1 Key stakeholders in buying process 118
TABLE 11 INFLUENCE OF STAKEHOLDERS ON THE BUYING PROCESS FOR THE TOP 3 TYPES 118
6.1.12.2 Buying criteria 118
FIGURE 38 KEY BUYING CRITERIA FOR TOP 3 PRODUCT TYPES 118
TABLE 12 KEY BUYING CRITERIA FOR TOP 3 PRODUCT TYPES 119
6.1.13 CASE STUDY ANALYSIS 119
6.1.13.1 Optimal maintenance costs and higher juice production reliability 119
TABLE 13 GROWING DEMAND FOR QUALITY WITHIN THE PRODUCTION LINE OF AN AFRICAN PRODUCER OF JUICES, NECTAR, AND STILL DRINKS 119
6.1.13.2 High-quality produce reaches grocery store shelves 120
TABLE 14 TO AVOID LOSSES DUE TO FALSE INSPECTION, MATROX IMAGING LIBRARY FOUND A SOLUTION USING AUTOMATIC MACHINERY 120
6.1.13.3 Compact potato flakes production line 120
TABLE 15 KIRON FOOD PROCESSING TECHNOLOGIES CATERED TO A GROWING DEMAND FOR POTATO FLAKES BECAUSE OF WIDE APPLICATION IN THE FOOD INDUSTRY 120
6.2 PROCESSED FRUITS & VEGETABLES MARKET 121
6.2.1 INTRODUCTION 121
6.2.2 VALUE CHAIN ANALYSIS 121
FIGURE 39 PROCESSED FRUITS & VEGETABLES MARKET: VALUE CHAIN ANALYSIS 122
6.2.3 MARKET ECOSYSTEM & SUPPLY CHAIN 122
FIGURE 40 PROCESSED FRUIT AND VEGETABLES: SUPPLY CHAIN ANALYSIS 123
6.2.3.1 Research & development 123
6.2.3.2 Inputs 123
6.2.3.3 Production 123
6.2.3.4 Logistics & distribution 124
6.2.3.5 Marketing & sales 124
6.2.3.6 End-user industry 124
TABLE 16 PROCESSED FRUIT & VEGETABLE MARKET: SUPPLY CHAIN (ECOSYSTEM) 124
FIGURE 41 PROCESSED FRUIT & VEGETABLE PRODUCTS: MARKET MAP 125
6.2.4 PRICING ANALYSIS: PROCESSED FRUITS & VEGETABLES MARKET 125
TABLE 17 PRICING RANGE OF PROCESSED FRUITS & VEGETABLES, 2017–2022 (USD/KG) 125
FIGURE 42 PRICING TREND OF PROCESSED FRUIT & VEGETABLES, 2017–2022 (USD/KG) 126
6.2.5 TECHNOLOGY ANALYSIS 126
6.2.6 PATENT ANALYSIS 128
FIGURE 43 PATENTS GRANTED FOR PROCESSED FRUIT & VEGETABLES MARKET, 2011–2021 128
FIGURE 44 REGIONAL ANALYSIS OF PATENT GRANTED FOR PROCESSED FRUITS & VEGETABLES, 2011–2021 129
TABLE 18 LIST OF IMPORTANT PATENTS FOR PROCESSED FRUITS & VEGETABLES, 2021 129
6.2.7 MARKET MAP 130
FIGURE 45 PROCESSED FRUIT & VEGETABLE MARKET: MARKET MAP 130
TABLE 19 PROCESSED FRUIT & VEGETABLE MARKET: ECOSYSTEM 131
6.2.8 PORTER’S FIVE FORCES ANALYSIS 131
TABLE 20 PROCESSED FRUITS & VEGETABLES MARKET: PORTER’S FIVE FORCES ANALYSIS 131
6.2.8.1 Threat of new entrants 132
6.2.8.2 Threat of substitutes 132
6.2.8.3 Bargaining power of suppliers 132
6.2.8.4 Bargaining power of buyers 133
6.2.8.5 Intensity of competitive rivalry 133
6.2.9 KEY EXPORT-IMPORT MARKETS 133
FIGURE 46 VEGETABLE IMPORT VALUE, BY KEY COUNTRY, 2O16–2020 (USD THOUSAND) 133
FIGURE 47 VEGETABLE EXPORT VALUE, BY KEY COUNTRY, 2O16–2020 (USD THOUSAND) 134
FIGURE 48 FRUIT IMPORT VALUE, BY KEY COUNTRY, 2O16–2020 (USD THOUSAND) 134
FIGURE 49 FRUIT EXPORT VALUE, BY KEY COUNTRY, 2O16–2020 (USD THOUSAND) 134
6.2.10 TARIFF AND REGULATORY LANDSCAPE 135
6.2.10.1 Regulatory bodies, government agencies, and other organizations 135
TABLE 21 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 135
TABLE 22 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 136
TABLE 23 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 137
TABLE 24 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 138
6.2.11 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PROCESSED FRUIT & VEGETABLE MANUFACTURERS 139
FIGURE 50 REVENUE SHIFT FOR PROCESSED FRUIT & VEGETABLE MANUFACTURERS 139
6.2.12 CASE STUDY ANALYSIS 140
TABLE 25 PROCESSED FRUIT & VEGETABLE MARKET: CASE STUDY ANALYSIS 140
7 FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET,
BY EQUIPMENT TYPE 141
7.1 INTRODUCTION 142
TABLE 26 KEY OPERATIONS CONDUCTED IN PROCESSING PLANTS 142
FIGURE 51 FILLERS ARE PROJECTED TO DOMINATE THE PROCESSING EQUIPMENT MARKET THROUGH 2027 (USD MILLION) 144
TABLE 27 FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY EQUIPMENT TYPE, 2017–2021 (USD MILLION) 145
TABLE 28 FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION) 145
7.2 COVID-19 IMPACT ON THE FRUIT & VEGETABLE PROCESSING MARKET, BY TYPE 146
TABLE 29 OPTIMISTIC SCENARIO: FRUIT & VEGETABLE EQUIPMENT PROCESSING MARKET SIZE, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION) 146
TABLE 30 REALISTIC SCENARIO: FRUIT & VEGETABLE EQUIPMENT PROCESSING MARKET SIZE, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION) 147
TABLE 31 PESSIMISTIC SCENARIO: FRUIT & VEGETABLE EQUIPMENT PROCESSING MARKET SIZE, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION) 147
7.3 PRE-PROCESSING EQUIPMENT 148
7.3.1 INCREASE IN USAGE OF SORTING AND GRADING EQUIPMENT TO MAINTAIN QUALITY STANDARDS AND SAVE TIME 148
TABLE 32 FRUIT & VEGETABLE PRE-PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 148
TABLE 33 FRUIT & VEGETABLE PRE-PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 149
TABLE 34 NORTH AMERICA: FRUIT & VEGETABLE PRE-PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 149
TABLE 35 NORTH AMERICA: FRUIT & VEGETABLE PRE-PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 149
TABLE 36 EUROPE: FRUIT & VEGETABLE PRE-PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 150
TABLE 37 EUROPE: FRUIT & VEGETABLE PRE-PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 150
TABLE 38 ASIA PACIFIC: FRUIT & VEGETABLE PRE-PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY/REGION, 2017–2021 (USD MILLION) 151
TABLE 39 ASIA PACIFIC: FRUIT & VEGETABLE PRE-PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY/REGION, 2022–2027 (USD MILLION) 151
TABLE 40 SOUTH AMERICA: FRUIT & VEGETABLE PRE-PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 151
TABLE 41 SOUTH AMERICA: FRUIT & VEGETABLE PRE-PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 152
TABLE 42 ROW: FRUIT & VEGETABLE PRE-PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 152
TABLE 43 ROW: FRUIT & VEGETABLE PRE-PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 152
7.4 PEELING/INSPECTION/SLICING 153
7.4.1 YIELD OPTIMIZATION AND WASTE ELIMINATION FOR PROFIT MAXIMIZATION TO DRIVE SEGMENT GROWTH 153
TABLE 44 FRUIT & VEGETABLE PEELING/INSPECTION/SLICING EQUIPMENT MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 153
TABLE 45 FRUIT & VEGETABLE PEELING/INSPECTION/SLICING EQUIPMENT MARKET SIZE, BY TYPE, 2022–2027 (USD MILLION) 154
TABLE 46 NORTH AMERICA: FRUIT & VEGETABLE PEELING/INSPECTION/SLICING EQUIPMENT MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 154
TABLE 47 NORTH AMERICA: FRUIT & VEGETABLE PEELING/INSPECTION/SLICING EQUIPMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 154
TABLE 48 EUROPE: FRUIT & VEGETABLE PEELING/INSPECTION/SLICING EQUIPMENT MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 155
TABLE 49 EUROPE: FRUIT & VEGETABLE PEELING/INSPECTION/SLICING EQUIPMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 155
TABLE 50 ASIA PACIFIC: FRUIT & VEGETABLE PEELING/INSPECTION/SLICING EQUIPMENT MARKET SIZE, BY COUNTRY/REGION, 2017–2021 (USD MILLION) 156
TABLE 51 ASIA PACIFIC: FRUIT & VEGETABLE PEELING/INSPECTION/SLICING EQUIPMENT MARKET SIZE, BY COUNTRY/REGION, 2022–2027 (USD MILLION) 156
TABLE 52 SOUTH AMERICA: FRUIT & VEGETABLE PEELING/INSPECTION/SLICING EQUIPMENT MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 156
TABLE 53 SOUTH AMERICA: FRUIT & VEGETABLE PEELING/INSPECTION/SLICING EQUIPMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 157
TABLE 54 ROW: FRUIT & VEGETABLE PEELING/INSPECTION/SLICING EQUIPMENT MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 157
TABLE 55 ROW: FRUIT & VEGETABLE PEELING/INSPECTION/SLICING EQUIPMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 157
7.5 WASHING & DEWATERING 158
7.5.1 RISING FOOD SAFETY CONCERNS INCREASE IMPORTANCE OF WASHERS 158
TABLE 56 FRUIT & VEGETABLE WASHING & DEWATERING EQUIPMENT MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 158
TABLE 57 FRUIT & VEGETABLE WASHING & DEWATERING EQUIPMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 159
TABLE 58 NORTH AMERICA: FRUIT & VEGETABLE WASHING & DEWATERING EQUIPMENT MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 159
TABLE 59 NORTH AMERICA: FRUIT & VEGETABLE WASHING & DEWATERING EQUIPMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 159
TABLE 60 EUROPE: FRUIT & VEGETABLE WASHING & DEWATERING EQUIPMENT MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 160
TABLE 61 EUROPE: FRUIT & VEGETABLE WASHING & DEWATERING EQUIPMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 160
TABLE 62 ASIA PACIFIC: FRUIT & VEGETABLE WASHING & DEWATERING EQUIPMENT MARKET SIZE, BY COUNTRY/REGION, 2017–2021 (USD MILLION) 161
TABLE 63 ASIA PACIFIC: FRUIT & VEGETABLE WASHING & DEWATERING EQUIPMENT MARKET SIZE, BY COUNTRY/REGION, 2022–2027 (USD MILLION) 161
TABLE 64 SOUTH AMERICA: FRUIT & VEGETABLE WASHING & DEWATERING EQUIPMENT MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 161
TABLE 65 SOUTH AMERICA: FRUIT & VEGETABLE WASHING & DEWATERING EQUIPMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 162
TABLE 66 ROW: FRUIT & VEGETABLE WASHING & DEWATERING EQUIPMENT MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 162
TABLE 67 ROW: FRUIT & VEGETABLE WASHING & DEWATERING EQUIPMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 162
7.6 FILLERS 163
7.6.1 RISE IN PROCESSED FOOD CONSUMPTION TO DRIVE SEGMENT GROWTH 163
TABLE 68 TYPES OF FILLING EQUIPMENT 163
TABLE 69 FRUIT & VEGETABLE FILLERS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 164
TABLE 70 FRUIT & VEGETABLE FILLERS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 164
TABLE 71 NORTH AMERICA: FRUIT & VEGETABLE FILLERS MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 164
TABLE 72 NORTH AMERICA: FRUIT & VEGETABLE FILLERS MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 165
TABLE 73 EUROPE: FRUIT & VEGETABLE FILLERS MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 165
TABLE 74 EUROPE: FRUIT & VEGETABLE FILLERS MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 166
TABLE 75 ASIA PACIFIC: FRUIT & VEGETABLE FILLERS MARKET SIZE, BY COUNTRY/REGION, 2017–2021 (USD MILLION) 166
TABLE 76 ASIA PACIFIC: FRUIT & VEGETABLE FILLERS MARKET SIZE, BY COUNTRY/REGION, 2022–2027 (USD MILLION) 167
TABLE 77 SOUTH AMERICA: FRUIT & VEGETABLE FILLERS MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 167
TABLE 78 SOUTH AMERICA: FRUIT & VEGETABLE FILLERS MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 167
TABLE 79 ROW: FRUIT & VEGETABLE FILLERS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 168
TABLE 80 ROW: FRUIT & VEGETABLE FILLERS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 168
7.7 SEASONING SYSTEMS 168
7.7.1 INNOVATIONS IN SEASONING FOR MULTIPLE PRODUCT OPTIONS TO ALSO IMPROVE SHELF LIFE OF FRESH PRODUCE 168
TABLE 81 FRUIT & VEGETABLE SEASONING SYSTEMS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 169
TABLE 82 FRUIT & VEGETABLE SEASONING SYSTEMS MARKET SIZE, BY TYPE, 2022–2027 (USD MILLION) 169
TABLE 83 NORTH AMERICA: FRUIT & VEGETABLE SEASONING SYSTEMS MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 169
TABLE 84 NORTH AMERICA: FRUIT & VEGETABLE SEASONING SYSTEMS MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 170
TABLE 85 EUROPE: FRUIT & VEGETABLE SEASONING SYSTEMS MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 170
TABLE 86 EUROPE: FRUIT & VEGETABLE SEASONING SYSTEMS MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 170
TABLE 87 ASIA PACIFIC: FRUIT & VEGETABLE SEASONING SYSTEMS MARKET SIZE, BY COUNTRY/REGION, 2017–2021 (USD MILLION) 171
TABLE 88 ASIA PACIFIC: FRUIT & VEGETABLE SEASONING SYSTEMS MARKET SIZE, BY COUNTRY/REGION, 2022–2027 (USD MILLION) 171
TABLE 89 SOUTH AMERICA: FRUIT & VEGETABLE SEASONING SYSTEMS MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 171
TABLE 90 SOUTH AMERICA: FRUIT & VEGETABLE SEASONING SYSTEMS MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 172
TABLE 91 ROW: FRUIT & VEGETABLE SEASONING SYSTEMS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 172
TABLE 92 ROW: FRUIT & VEGETABLE SEASONING SYSTEMS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 172
7.8 PACKAGING & HANDLING 173
7.8.1 STEEP GROWTH IN URBANIZATION AND INCREASING QSRS TO DRIVE SEGMENT GROWTH 173
TABLE 93 FRUIT & VEGETABLE PACKAGING & HANDLING EQUIPMENT MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 173
TABLE 94 FRUIT & VEGETABLE PACKAGING & HANDLING EQUIPMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 174
TABLE 95 NORTH AMERICA: FRUIT & VEGETABLE PACKAGING & HANDLING EQUIPMENT MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 174
TABLE 96 NORTH AMERICA: FRUIT & VEGETABLE PACKAGING & HANDLING EQUIPMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 174
TABLE 97 EUROPE: FRUIT & VEGETABLE PACKAGING & HANDLING EQUIPMENT MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 175
TABLE 98 EUROPE: FRUIT & VEGETABLE PACKAGING & HANDLING EQUIPMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 175
TABLE 99 ASIA PACIFIC: FRUIT & VEGETABLE PACKAGING & HANDLING EQUIPMENT MARKET SIZE, BY COUNTRY/REGION, 2017–2021 (USD MILLION) 176
TABLE 100 ASIA PACIFIC: FRUIT & VEGETABLE PACKAGING & HANDLING EQUIPMENT MARKET SIZE, BY COUNTRY/REGION, 2022–2027 (USD MILLION) 176
TABLE 101 SOUTH AMERICA: FRUIT & VEGETABLE PACKAGING & HANDLING EQUIPMENT MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 176
TABLE 102 SOUTH AMERICA: FRUIT & VEGETABLE PACKAGING & HANDLING EQUIPMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 177
TABLE 103 ROW: FRUIT & VEGETABLE PACKAGING & HANDLING EQUIPMENT MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 177
TABLE 104 ROW: FRUIT & VEGETABLE PACKAGING & HANDLING EQUIPMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 177
7.9 OTHER EQUIPMENT 178
TABLE 105 OTHER FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 178
TABLE 106 OTHER FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 179
TABLE 107 NORTH AMERICA: OTHER FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 179
TABLE 108 NORTH AMERICA: OTHER FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 179
TABLE 109 EUROPE: OTHER FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 180
TABLE 110 EUROPE: OTHER FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 180
TABLE 111 ASIA PACIFIC: OTHER FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY/REGION, 2017–2021 (USD MILLION) 181
TABLE 112 ASIA PACIFIC: OTHER FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY/REGION, 2022–2027 (USD MILLION) 181
TABLE 113 SOUTH AMERICA: OTHER FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION) 181
TABLE 114 SOUTH AMERICA: OTHER FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 182
TABLE 115 ROW: OTHER FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 182
TABLE 116 ROW: OTHER FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 182
8 FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET, BY OPERATION TYPE 183
8.1 INTRODUCTION 184
FIGURE 52 AUTOMATIC EQUIPMENT IS PROJECTED TO GROW AT A HIGHER CAGR BETWEEN 2022 & 2027 (USD MILLION) 184
TABLE 117 FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY OPERATION TYPE, 2017–2021 (USD MILLION) 185
TABLE 118 FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY OPERATION TYPE, 2022–2027 (USD MILLION) 185
8.2 COVID-19 IMPACT ON THE FRUIT & VEGETABLE PROCESSING MARKET, BY OPERATION TYPE 185
TABLE 119 OPTIMISTIC SCENARIO: FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY OPERATION TYPE, 2018–2021 (USD MILLION) 185
TABLE 120 REALISTIC SCENARIO: FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY OPERATION TYPE, 2018–2021 (USD MILLION) 185
TABLE 121 PESSIMISTIC SCENARIO: FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY OPERATION TYPE, 2018–2021 (USD MILLION) 186
8.3 AUTOMATIC 186
8.3.1 ACCURACY, TIME-SAVING, AND EFFICIENCY TO DRIVE AUTOMATION 186
TABLE 122 AUTOMATIC FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY EQUIPMENT TYPE, 2017–2021 (USD MILLION) 187
TABLE 123 AUTOMATIC FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION) 187
TABLE 124 AUTOMATIC FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 188
TABLE 125 AUTOMATIC FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 188
8.4 SEMI-AUTOMATIC 188
8.4.1 LOWER INSTALLATION AND MAINTENANCE COSTS FUEL THE MARKET IN DEVELOPING COUNTRIES 188
TABLE 126 SEMI-AUTOMATIC FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY EQUIPMENT TYPE, 2017–2021 (USD MILLION) 189
TABLE 127 SEMI-AUTOMATIC FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION) 189
TABLE 128 SEMI-AUTOMATIC FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 190
TABLE 129 SEMI-AUTOMATIC FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 190
9 PROCESSED FRUITS & VEGETABLES MARKET, BY TYPE 191
9.1 INTRODUCTION 192
FIGURE 53 PROCESSED VEGETABLES ARE PROJECTED TO DOMINATE THE MARKET THROUGH 2027 (USD MILLION) 193
TABLE 130 PROCESSED FRUITS & VEGETABLES MARKET SIZE, BY TYPE, 2017–2021 (USD MILLION) 193
TABLE 131 PROCESSED FRUITS & VEGETABLES MARKET SIZE, BY TYPE, 2022–2027 (USD MILLION) 193
TABLE 132 PROCESSED FRUITS MARKET SIZE, BY SUBTYPE, 2017–2021 (USD MILLION) 194
TABLE 133 PROCESSED FRUITS MARKET SIZE, BY SUBTYPE, 2022–2027 (USD MILLION) 194
TABLE 134 PROCESSED FRUITS & VEGETABLES MARKET SIZE, BY TYPE, 2017–2021 (MT) 194
TABLE 135 PROCESSED FRUITS & VEGETABLES MARKET SIZE, BY TYPE, 2022–2027 (MT) 195
9.2 COVID-19 IMPACT ON THE PROCESSED FRUITS & VEGETABLES MARKET, BY TYPE 195
TABLE 136 OPTIMISTIC SCENARIO: PROCESSED FRUITS & VEGETABLES MARKET SIZE, BY TYPE, 2018–2022 (USD MILLION) 195
TABLE 137 REALISTIC SCENARIO: PROCESSED FRUITS & VEGETABLES MARKET SIZE, BY TYPE, 2018–2022 (USD MILLION) 195
TABLE 138 PESSIMISTIC SCENARIO: PROCESSED FRUITS & VEGETABLES MARKET SIZE, BY TYPE, 2018–2022 (USD MILLION) 196
9.3 FRUITS 196
9.3.1 HEALTH BENEFITS AND COMPETITIVE PRICES OF PROCESSED PRODUCTS TO BE KEY MARKET INFLUENCERS 196
TABLE 139 PROCESSED FRUITS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 197
TABLE 140 PROCESSED FRUITS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 197
TABLE 141 PROCESSED FRUITS MARKET SIZE, BY REGION, 2017–2021 (MT) 197
TABLE 142 PROCESSED FRUITS MARKET SIZE, BY REGION, 2022–2027 (MT) 198
9.3.2 BERRIES 198
9.3.2.1 Versatility of use ranging from salads to convenience food keeps berries in demand 198
TABLE 143 PROCESSED BERRIES MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 198
TABLE 144 PROCESSED BERRIES MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 199
9.3.3 PITS 199
9.3.3.1 Increase in parental preference for pits as healthy snacking option for kids 199
TABLE 145 PROCESSED PITS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 199
TABLE 146 PROCESSED PITS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 200
9.3.4 CORE FRUITS 200
9.3.4.1 Asia Pacific to drive demand for core fruits in the future 200
TABLE 147 PROCESSED CORE FRUITS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 200
TABLE 148 PROCESSED CORE FRUITS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 201
9.3.5 CITRUS 201
9.3.5.1 Increased demand for vitamin C-rich fruits due to COVID-19 201
TABLE 149 PROCESSED CITRUS FRUITS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 202
TABLE 150 PROCESSED CITRUS FRUITS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 202
9.3.6 MELONS 202
9.3.6.1 Year-round availability and added health benefits to drive segment 202
TABLE 151 PROCESSED MELONS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 203
TABLE 152 PROCESSED MELONS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 203
9.3.7 TROPICAL FRUITS 203
9.3.7.1 Immunity-building fruits in demand after COVID-19 outbreak 203
TABLE 153 PROCESSED TROPICAL FRUITS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 204
TABLE 154 PROCESSED TROPICAL FRUITS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 204
9.4 VEGETABLES 205
9.4.1 HEALTH CONSCIOUSNESS & GROWING VEGAN POPULATION DRIVE VEGETABLE DEMAND 205
TABLE 155 PROCESSED VEGETABLES MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 205
TABLE 156 PROCESSED VEGETABLES MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 206
TABLE 157 PROCESSED VEGETABLES MARKET SIZE, BY REGION, 2017–2021 (MT) 206
TABLE 158 PROCESSED VEGETABLES MARKET SIZE, BY REGION, 2022–2027 (MT) 206
9.5 OTHER TYPES 207
TABLE 159 OTHER PROCESSED FRUIT & VEGETABLE TYPES MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 207
TABLE 160 OTHER PROCESSED FRUIT & VEGETABLE TYPES MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 207
TABLE 161 OTHER PROCESSED FRUIT & VEGETABLE TYPES MARKET SIZE, BY REGION, 2017–2021 (MT) 208
TABLE 162 OTHER PROCESSED FRUIT & VEGETABLE TYPES MARKET SIZE, BY REGION, 2022–2027 (MT) 208
10 PROCESSED FRUITS & VEGETABLES MARKET, BY PRODUCT TYPE 209
10.1 INTRODUCTION 210
FIGURE 54 FRESH FRUITS & VEGETABLES TO DOMINATE THE PROCESSED MARKET THROUGH 2027 (USD MILLION) 210
TABLE 163 PROCESSED FRUITS & VEGETABLES MARKET SIZE, BY PRODUCT TYPE, 2017–2021 (USD MILLION) 211
TABLE 164 PROCESSED FRUITS & VEGETABLES MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (USD MILLION) 211
TABLE 165 PROCESSED FRUITS & VEGETABLES MARKET SIZE, BY PRODUCT TYPE, 2017–2021 (MT) 211
TABLE 166 PROCESSED FRUITS & VEGETABLES MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (MT) 212
10.2 COVID-19 IMPACT ON THE PROCESSED FRUITS & VEGETABLES MARKET, BY PRODUCT TYPE 212
TABLE 167 OPTIMISTIC SCENARIO: PROCESSED FRUITS & VEGETABLES MARKET SIZE, BY PRODUCT TYPE, 2018–2022 (USD MILLION) 212
TABLE 168 REALISTIC SCENARIO: PROCESSED FRUITS & VEGETABLES MARKET SIZE, BY PRODUCT TYPE, 2018–2022 (USD MILLION) 213
TABLE 169 PESSIMISTIC SCENARIO: PROCESSED FRUITS & VEGETABLES MARKET SIZE, BY PRODUCT TYPE, 2018–2022 (USD MILLION) 213
10.3 FRESH 213
10.3.1 INCREASED CONSUMPTION OF FRESH PRODUCE DUE TO DIETARY CHANGES INDUCED BY COVID-19 213
TABLE 170 FRESH FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 214
TABLE 171 FRESH FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 214
TABLE 172 FRESH FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2017–2021 (MT) 214
TABLE 173 FRESH FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2022–2027 (MT) 215
10.4 FRESH-CUT 215
10.4.1 SINGLE-SERVE FRESH-CUT PRODUCE TO BE PREFERRED MORE 215
TABLE 174 FRESH-CUT FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 216
TABLE 175 FRESH-CUT FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 216
TABLE 176 FRESH-CUT FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2017–2021 (MT) 216
TABLE 177 FRESH-CUT FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2022–2027 (MT) 217
10.5 CANNED 217
10.5.1 CANNED FRUITS DIPPED IN NATURAL JUICE INSTEAD OF SUGAR SYRUP TO GAIN CONSUMER PREFERENCE 217
TABLE 178 CANNED FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 218
TABLE 179 CANNED FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 218
TABLE 180 CANNED FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2017–2021 (MT) 218
TABLE 181 CANNED FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2022–2027 (MT) 219
10.6 FROZEN 219
10.6.1 ALL-SEASON AVAILABILITY AND LACK OF PRESERVATIVE USE TO INCREASE DEMAND FOR FROZEN FOODS 219
TABLE 182 FROZEN FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 220
TABLE 183 FROZEN FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 220
TABLE 184 FROZEN FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2017–2021 (MT) 220
TABLE 185 FROZEN FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2022–2027 (MT) 221
10.7 DRIED & DEHYDRATED 221
10.7.1 NEED FOR BETTER SHELF-LIFE WILL INCREASE DEMAND IN DEVELOPING COUNTRIES 221
TABLE 186 DRIED & DEHYDRATED FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2017–2021 (USD MILLION) 222
TABLE 187 DRIED & DEHYDRATED FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 222
TABLE 188 DRIED & DEHYDRATED FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2017–2021 (MT) 222
TABLE 189 DRIED & DEHYDRATED FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2022–2027 (MT) 223