Natural Antimicrobial Market Analysis till 2023

Natural Antimicrobial Market Research Report - Global Industry Analysis 2023

With the growth of natural preservatives on a global level, the market for natural antimicrobials will also escalate. The increasing demand for clean-labeled food commodities is boosting the food preservatives market. . Stringent government regulations on the manufacturing of synthetic food preservatives open the opportunity for players to enter the natural food preservatives segment. Natural food preservatives are relatively convenient to procure, which is one of the major drivers for the natural antimicrobials market. Increased demand for clean-labeled food products have given an enormous opportunity to the manufacturers to enter the market with their innovative natural preservatives product line. Owing to these driving factors, the demand for natural antimicrobials is likely to show exponential growth.

Natural Antimicrobials Industry Analysis 2023

The global natural antimicrobials market is expected to reach USD 826.89 million by the end of 2023, at a CAGR of 7.38% during the forecast period 2017-2023.

The consumption demand for frozen products is escalating at an incremental pace, which directly influences the growth of natural antimicrobials market. The surge in the demand for packed frozen products, with low shelf-life, has been driving the growth of natural antimicrobials market. Natural antimicrobial has an important role in increasing the product shelf-life as well as preserve the food product from the microbial attack.

Regional Analysis

As per the analysis, the global natural antimicrobials market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. North America is projected to retain its dominance throughout the forecast period, owing to the rise in the consumption of natural antimicrobials in packed food products. The market in the region is estimated to reach USD 322.34 million, in terms of value, by 2023. However, the Asia-Pacific natural antimicrobials market is projected to expand at a CAGR of 8.58% during the forecast period, 2017-2023.

Market Segments

The global natural antimicrobials market is segmented into type and application. By region, it is segmented into North America, Europe, Asia-Pacific, and Rest of the World.

By type, it is segmented into microorganisms, which is further sub-segmented into nisin, natamycin, undefined microbial fermentates, and others; plants, which is further sub-segmented into essential oil, phytoalexins, phenolics, citrus oil, and others; and animals. Among all, the plant segment is projected to account for the significant market proportion. This segment is projected to grow at a CAGR of 7.79% during the forecast period.

By application, the market is segmented into bakery & confectionery, dairy & frozen desserts, beverages, snacks, meat products, oils & fats, and others. The dairy & frozen desserts segment is dominating the market and is projected to grow at a CAGR of 7.27% during the forecast period.

Key Players

The leading players profiled in the global natural antimicrobials market: E. I. du Pont de Nemours and Company (U.S.), Royal DSM NV (the Netherlands), Univar Inc. (U.S.), Kemin Industries, Inc. (U.S.), Galactic S.A. (Belgium), Chr. Hansen A/S (Denmark), Brenntag AG (Germany), Siveele B.V. (the Netherlands), Cargill, Incorporated (U.S.), Handary SA (Belgium), BASF SE (Germany), and Celanese Corp. (U.S.).

Key Findings

The global natural antimicrobials market is expected to reach USD 826.89 million by the end of 2023, at a CAGR of 7.38% during the forecast period.
North America is estimated to retain its dominance throughout the forecast period and will grow at a CAGR of 8.15%.
Among the North American countries, the U.S. is projected to witness a substantial growth of 8.49% during the forecast period of 2017-2023.
Application of natural antimicrobials in dairy & frozen desserts is witnessed to be the fastest growing segment over the forecast period. The segment is projected to reach USD 226.57 million by 2023.

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Increase in demand for herbal extract products

Global Herbal Extracts Market Size and Forecast 2023

Herbal extracts are obtained by crushing, distilling, comminuting, and juicing various herbs. Each herb has its unique properties, which leads to its increasing usage in various medicines and skincare products. The benefits provided by herbal extracts depend upon the unique biochemical, biophysical, and energetic properties of the specific herb being extracted. While some herbs are extracted while still fresh and succulent (e.g., shepherds purse, corn silk), some herbal extracts are obtained after the herb is dried (e.g., hops, Grindelia). Moreover, some herbs are best extracted when semi-dried (e.g., saw palmetto) or fermented (e.g., wild cherry, sweet clover). Some are overly active when fresh and must be dried and aged one year before use (e.g., buckthorn, cascara sagrada).

The global herbal extracts market is estimated to reach USD 13,967.5 million by the end of 2023 at a CAGR of 7.52% during the forecast period.

Global Herbal Extracts Market Size and Forecast 2023

Increasing demand for herbal products in the healthcare sector to produce herbal medicine products is expected to drive the global herbal extract market. Additionally, herbal supplement products have gained huge acceptance among consumers due to the increasing preference for naturally derived products. Natural skin-care products are an established trend in developed economies over the last few years and are expected to boost the growth of herbal extracts market.

Regional Analysis:

The global herbal extracts market has been segmented, by region, into North America, Europe, Asia-Pacific, and rest of the world. North America accounted for the major market share in 2018, due to the increasing use of herbal extracts in various skincare and personal care products by key manufacturers. In North America, the US accounted for 75% market proportion in 2018, and the trend is expected to continue throughout the forecast period of 2018-2023.

Asia-Pacific is anticipated to register the highest growth rate during the forecast period owing to the increasing use of herbal extracts in different industries, such as functional food & beverage, skincare, and pharmaceutical. Asia-Pacific is projected to expand at a growth rate of 8% during the forecast period, where China held the maximum market share of 35% in 2018.

The herbal extracts market in Europe is projected to register the second highest CAGR of 7.61% during the forecast period. The growth of the herbal extracts market is attributed to various factors. Consumers are increasingly opting for herbal medicines instead of traditional medicinal products. Product development and technological upgrades are expected to drive the market in this region throughout the forecast period. In 2018, Germany held the maximum market share of 23.6% in the Europe herbal extracts market.

Market Segments

The global herbal extracts market has been segmented, on the basis of form, into dry and liquid. In 2018, the dry segment accounted for the majority of the market share and was projected to reach USD 10,514.1 million by the end of 2023. The liquid segment is projected to register a CAGR of 7.13% during the review period.

On the basis of application, the global herbal extracts market has been segmented into food & beverages, pharmaceuticals, cosmetics & personal care, and others. Food & beverages segment is further segmented into dietary supplements, functional food & beverages, and others. The pharmaceuticals segment held a major market share of 38.7% in 2018 and is projected to reach USD 5,387.8 million by the end of 2023. The cosmetics & personal care segment is expected to witness a growth rate of 7.84% during the forecast period.

Key Players:

The leading market players in the global herbal extracts market are Döhler GmbH (Germany), Martin Bauer GmbH & Co. KG (Germany), Vidya Herbs Private Limited (India), Kalsec Inc. (US), Organic Herb, Inc. (China), Synthite Industries Ltd. (India), Herbal Extraction Group., Inc (China), Mountain Rose Herbs (US), Starwest Botanicals, Inc. (US), and Jiaherb, Inc. (China).

Key Findings:

• Rising consumer preference towards the products with natural ingredients is one of the important factors, which is expected to drive the herbal extracts market at a global level.
• High production cost of herbal extracts is one of the major factors that can pose a major challenge in the global herbal extracts market.

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Livestock Animal Feed Market Trends

Animal Feed Market Size and Industry Analysis - Forecast 2023

The growing demand for animal-based protein among consumers is leading to increased industrial livestock production, which is primarily driving the growth of the global animal feed market. Consumers are ready to pay more for protein-rich food sources and are increasing their consumption of meat products. This has influenced livestock farmers to be more conscious about the feed they offer to the animals, thus, leading to the adoption of high nutritive animal feed for the livestock.

The global animal feed market is estimated to reach USD 617.61 billion by the end of 2023 at a CAGR of 4.27% during the forecast period.

The Key Players in the market are investing heavily in product development and undergoing fortification of animal feed to increase the nutritive content. Continuous R&D and improvement in processing technologies are supporting the growth of the animal feed market. The massive growth of the aquaculture sector is expected to provide a huge opportunity for the growth of animal feed market in the coming years. However, greater production of feed is directly related to emission or increased percentage of greenhouse gases. Thus, this is a major challenge faced by the feed industry to foster sustainable feed security. A highly efficient livestock farming practice is required to get a solution to this problem.

Regional Analysis:

The global animal feed market has been segmented, by region, into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is projected to grow at the highest CAGR of 4.75% during the forecast period. The Asia-Pacific market is projected to reach USD 226.91 billion by the end of 2023. High consumption of pork in countries, such as China and Japan, is driving the production of swine feed in the region.

The animal feed market in Europe is projected to register the second highest CAGR of 4.39% during the forecast period. Countries such as Spain, Russia, France, and Germany are the major contributors in this region, being mentioned in the top 10 animal feed producing countries. In Europe, the production of swine feed, broiler feed, and aqua feed is massively growing, which is supporting the growth of the market in this region. North America accounted for 23.80% of market share, in terms of volume, in 2018 and is anticipated to have a continuous growth throughout the forecast period. In the rest of the world, South America and Africa are making a noticeable mark in the global animal feed market.

Market Segments

The global animal feed market has been segmented, on the basis of form, into pellets, crumbles, mash, and others. In 2017, the pellets segment accounted for majority of the market share and is projected to reach USD 243.62 billion by the end of 2023. The crumbles segment is projected to register a CAGR of 4.31% during the review period. 

On the basis of species, the global animal feed market has been segmented into poultry, ruminants, swine, aqua, and others. The poultry segment held a major market share of 37.88% in 2018, and is projected to reach USD 246.76 billion by 2023. Moreover, the poultry segment is estimated to witness the highest growth rate of 4.49% during the forecast period from 2018 to 2023. However, the aqua segment is gaining tremendous growth and is projected to grow at a substantial growth rate of 4.34% during the forecast period.

Key Players:

The leading market players in the global animal feed market are Charoen Pokphand Group (Thailand), Cargill Incorporated (US), Archer Daniels Midland Company (US), Land O Lakes Inc. (US), ForFarmers N.V. (The Netherlands), Japfa Comfeed Indonesia Tbk (Indonesia), New Hope Group (China), COFCO Limited (Hong Kong), Nutreco N. V. (The Netherlands), and Neovia Group (France).

Key Findings:

• The pellets segment of the global animal feed market, by type, is expected to account for the largest market share during the forecast period, from 2018 to 2023. Moreover, the pellets segment is projected to register the highest CAGR of 4.48% during the review period.
• The poultry segment is expected to exhibit a CAGR of 4.49% during the forecast period to reach USD 246.76 billion by the end of 2023. The aqua segment is projected to register a CAGR of 4.34% during the review period.

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Tea Industry in India

India Tea Market Outlook - Packaged and RTD, Forecast 2021 - This report gives an in-depth analysis of tea industry in India. Taste, convenience, price, and ingredients represent the most influential factors that determine demand for tea in India. Although demand for this hot beverage varies with region, several factors are driving growth including increasing health-consciousness, convenience, wide range of options, and customization to local tastes, among others. With consumers increasingly preferring novel, innovative and sophisticated products, premium (Branded) tea have taken centre stage. With the Indian consumption of tea rising at a rapid pace, especially among the young and busy population, demand for RTD tea has registered a significant rise over the years. Demand for RTD tea beverages is also gaining traction from the wellness and health claims made by popular brands.

India tea market research report 2021

According to “India Packaged & RTD Tea Market Outlook, 2021”, packaged tea market is expected to grow at a CAGR of more than 14% over next four years.

Indian packaged/branded tea market is segmented into four major segments such as traditional black tea, green tea and herbal/fruit tea and other tea which include Instant Tea, organic tea, white tea, oolong tea, etc. Among all these categories black tea is a dominant category in the Indian tea market, however green tea is also expanding its presence among young Indian consumers due to its several health benefits. Healthy growth is projected for the market in the coming years driven by increasing focus on health and wellness. Regular & Lime/Lemon flavour green tea is most popular among young consumers. Packaged tea has propelled brands like HUL, Tata Tea, Duncans Tea Limited in its category.

RTD tea market is expected to grow with a significant during forecast period. Lipton by HUL and Nestea by Nestle are the leading players into RTD tea category, whereas Lemon and Peach are the popular flavour in RTD tea. The increasing consumer focus on health has led tea manufacturers to promote the benefits of antioxidants and flavonoids in the beverage. The preference for beverages with detox and de-stress benefits has also led to the emergence of specialist tea outlets. Urban population is more concerned about their lifestyle as compared to the rural population. The lifestyle of urban population is more fast-paced. Fast-paced lifestyle along with an aspiration to stay fit attracts people to consume ready to drink tea.

Highlights:

• Global Tea Market Outlook: China Tea Market, India Tea Market, and Turkey Tea Market
• India Tea Market Outlook - By Value, By Volume, By Category
• India Ready to Drink Tea Market Outlook - By Value, By Volume, By Category
• India Unpackaged Tea Market Outlook - By Value, By Volume, By Category
• India Market Trends & Developments
• Company Profiles of Top Indian players 

Key Product Type:

• Packaged (Branded) Tea
• Ready to Drink (RTD) Tea

Category: Food and Agriculture Market Research

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