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Bio-Based Food Ingredients Market

Segmentation By Product (Ethyl Cellulose, N-Butanol, Butyl Levulinate, Butyl Acetate, Butyl Isobutyrate and Others); By Application (Beverages, Dairy, Confectionary and Others) – Global Demand Analysis & Opportunity Outlook 2027

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Report ID: 2449 | Published On: Feb 06, 2023
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Global Bio-Based Food Ingredients Market 

Table of Contents

1. INTRODUCTION

1.1. MARKET DEFINITION

1.2. MARKET SEGMENTATION

1.3. PRODUCT OVERVIEW

2. ASSUMPTIONS AND ACRONYMS

3.  RESEARCH METHODOLOGY

3.1. RESEARCH PROCESS

3.2. PRIMARY RESEARCH

·  MANUFACTURER FRONT

·  SUPPLIER/DISTRIBUTOR FRONT

·  END USER FRONT

·  SECONDARY RESEARCH

·  MARKET SIZE ESTIMATION

4. EXECUTIVE SUMMARY- GLOBAL BIO-BASED FOOD INGREDIENTS EQUIPMENT MARKET

5. REGULATORY LANDSCAPE

6.  ANALYSIS OF MARKET DYNAMICS

6.1.  GROWTH DRIVERS

6.2.  KEY TRENDS 

7.  KEY MARKET OPPORTUNITIES

8.  MAJOR ROADBLOCKS FOR THE MARKET GROWTH

9.  INDUSTRY RISK ANALYSIS

9.1. DEMAND RISK ANALYSIS

9.2.  SUPPLY RISK ANALYSIS

10. GLOBAL BIO-BASED FOOD INGREDIENTS EQUIPMENT MARKET OUTLOOK 

10.1.  MARKET SIZE AND FORECAST, 2018-2027

10.1.1. BY VALUE (USD MILLION)

10.2. GLOBAL BIO-BASED FOOD INGREDIENTS EQUIPMENT MARKET SEGMENTATION, 2018-2027

10.2.1. BY PRODUCT

o  ETHYL CELLULOSE, 2018-2027F (USD MILLION) 

o  N-BUTANOL, 2018-2027F (USD MILLION) 

o  BUTYL LEVULINATE, 2018-2027F (USD MILLION) 

o  BUTYL ACETATE, 2018-2027F (USD MILLION) 

o  BUTYL ISOBUTYRATE, 2018-2027F (USD MILLION) 

o  OTHERS, 2018-2027F (USD MILLION)

10.2.2. BY APPLICATION

o  BEVERAGES, 2018-2027F (USD MILLION)

o  DAIRY, 2018-2027F (USD MILLION)

o  CONFECTIONERY, 2018-2027F (USD MILLION)

o  OTHERS, 2018-2027F (USD MILLION)

10.2.3.  BY REGION  

10.2.3.1. NORTH AMERICA BIO-BASED FOOD INGREDIENTS EQUIPMENT MARKET, 2018-2027F (USD MILLION)

10.2.3.1.1. MARKET OVERVIEW

10.2.3.1.2. MARKET SIZE, 2018-2027F (USD MILLION)

10.2.3.1.3. ASSESSMENT OF MACROECONOMIC FACTORS

10.2.3.1.4. MARKET SEGMENTATION

§  BY PRODUCT

o   ETHYL CELLULOSE, 2018-2027F (USD MILLION) 

o   N-BUTANOL, 2018-2027F (USD MILLION) 

o   BUTYL LEVULINATE, 2018-2027F (USD MILLION) 

o  BUTYL ACETATE, 2018-2027F (USD MILLION) 

o  BUTYL ISOBUTYRATE, 2018-2027F (USD MILLION) 

o  OTHERS, 2018-2027F (USD MILLION)

§  BY APPLICATION

o  BEVERAGES, 2018-2027F (USD MILLION)

o  DAIRY, 2018-2027F (USD MILLION)

o  CONFECTIONERY, 2018-2027F (USD MILLION)

o  OTHERS, 2018-2027F (USD MILLION)

§  BY COUNTRY

o  US, 2018-2027F (USD MILLION)

o  CANADA, 2018-2027F (USD MILLION)

10.2.3.2. EUROPE BIO-BASED FOOD INGREDIENTS EQUIPMENT MARKET, 2018-2027F (USD MILLION)

10.2.3.2.1. MARKET OVERVIEW

10.2.3.2.2. MARKET SIZE, 2018-2027F (USD MILLION)

10.2.3.2.3. ASSESSMENT OF MACROECONOMIC FACTORS

10.2.3.2.4.MARKET SEGMENTATION

§  BY PRODUCT

o  ETHYL CELLULOSE, 2018-2027F (USD MILLION) 

o  N-BUTANOL, 2018-2027F (USD MILLION) 

o  BUTYL LEVULINATE, 2018-2027F (USD MILLION) 

o  BUTYL ACETATE, 2018-2027F (USD MILLION) 

o  BUTYL ISOBUTYRATE, 2018-2027F (USD MILLION) 

o OTHERS, 2018-2027F (USD MILLION)

§  BY APPLICATION

o  BEVERAGES, 2018-2027F (USD MILLION)

o  DAIRY, 2018-2027F (USD MILLION)

o CONFECTIONERY, 2018-2027F (USD MILLION)

o OTHERS, 2018-2027F (USD MILLION)

§  BY COUNTRY

o UK, 2018-2027F (USD MILLION)

o GERMANY, 2018-2027F (USD MILLION)

o ITALY, 2018-2027F (USD MILLION)

o FRANCE, 2018-2027F (USD MILLION)

o SPAIN, 2018-2027F (USD MILLION)

o RUSSIA, 2018-2027F (USD MILLION)

o  REST OF EUROPE, 2018-2027F (USD MILLION)

10.2.3.3. ASIA PACIFIC BIO-BASED FOOD INGREDIENTS EQUIPMENT MARKET, 2018-2027F (USD MILLION)

10.2.3.3.1. MARKET OVERVIEW

10.2.3.3.2. MARKET SIZE, 2018-2027F (USD MILLION)

10.2.3.3.3. ASSESSMENT OF MACROECONOMIC FACTORS

10.2.3.3.4.MARKET SEGMENTATION

§  BY PRODUCT

o ETHYL CELLULOSE, 2018-2027F (USD MILLION) 

o  N-BUTANOL, 2018-2027F (USD MILLION) 

o  BUTYL LEVULINATE, 2018-2027F (USD MILLION) 

o  BUTYL ACETATE, 2018-2027F (USD MILLION) 

o  BUTYL ISOBUTYRATE, 2018-2027F (USD MILLION) 

o  OTHERS, 2018-2027F (USD MILLION)

§  BY APPLICATION

o  BEVERAGES, 2018-2027F (USD MILLION)

o  DAIRY, 2018-2027F (USD MILLION)

o  CONFECTIONERY, 2018-2027F (USD MILLION)

o  OTHERS, 2018-2027F (USD MILLION)

§  BY COUNTRY

• CHINA, 2018-2027F (USD MILLION)

• o  INDIA, 2018-2027F (USD MILLION)

• o  JAPAN, 2018-2027F (USD MILLION)

• o  SOUTH KOREA, 2018-2027F (USD MILLION)

• o  AUSTRALIA, 2018-2027F (USD MILLION)

• o  INDONESIA, 2018-2027F (USD MILLION)

• o  REST OF ASIA PACIFIC, 2018-2027F (USD MILLION)

• 10.2.3.4. LATIN AMERICA BIO-BASED FOOD INGREDIENTS EQUIPMENT MARKET, 2018-2027F (USD MILLION)

• 10.2.3.4.1. MARKET OVERVIEW

• 10.2.3.4.2. MARKET SIZE, 2018-2027F (USD MILLION)

• 10.2.3.4.3. ASSESSMENT OF MACROECONOMIC FACTORS

• 10.2.3.4.4.MARKET SEGMENTATION

• §  BY PRODUCT

• o  ETHYL CELLULOSE, 2018-2027F (USD MILLION) 

• o  N-BUTANOL, 2018-2027F (USD MILLION) 

'• o  BUTYL LEVULINATE, 2018-2027F (USD MILLION) 

• o  BUTYL ACETATE, 2018-2027F (USD MILLION) 

• o  BUTYL ISOBUTYRATE, 2018-2027F (USD MILLION) 

• o    OTHERS, 2018-2027F (USD MILLION)

• §  BY APPLICATION

• o  BEVERAGES, 2018-2027F (USD MILLION)

• o  DAIRY, 2018-2027F (USD MILLION)

• o  CONFECTIONERY, 2018-2027F (USD MILLION)

• o OTHERS, 2018-2027F (USD MILLION)

• §  BY COUNTRY

• o  BRAZIL, 2018-2027F (USD MILLION)

• o  MEXICO, 2018-2027F (USD MILLION)

• o  REST OF LATIN AMERICA, 2018-2027F (USD MILLION)

• 10.2.3.5. MIDDLE EAST & AFRICA BIO-BASED FOOD INGREDIENTS EQUIPMENT MARKET, 2018-2027F (USD MILLION)

• 10.2.3.5.1. MARKET OVERVIEW

• 10.2.3.5.2. MARKET SIZE, 2018-2027F (USD MILLION)

• 10.2.3.5.3. ASSESSMENT OF MACROECONOMIC FACTORS

• 10.2.3.5.4. MARKET SEGMENTATION

• §  BY PRODUCT

• o  ETHYL CELLULOSE, 2018-2027F (USD MILLION) 

• o  N-BUTANOL, 2018-2027F (USD MILLION) 

• o  BUTYL LEVULINATE, 2018-2027F (USD MILLION) 

• o  BUTYL ACETATE, 2018-2027F (USD MILLION) 

• o  BUTYL ISOBUTYRATE, 2018-2027F (USD MILLION) 

• o  OTHERS, 2018-2027F (USD MILLION)

• §  BY APPLICATION

• o  BEVERAGES, 2018-2027F (USD MILLION)

• o  DAIRY, 2018-2027F (USD MILLION)

• o  CONFECTIONERY, 2018-2027F (USD MILLION)

• o   OTHERS, 2018-2027F (USD MILLION)

• §  BY COUNTRY

• o  ISRAEL, 2018-2027F (USD MILLION)

• o  UAE, 2018-2027F (USD MILLION)

• o  SAUDI ARABIA, 2018-2027F (USD MILLION)

• o  SOUTH AFRICA, 2018-2027F (USD MILLION)

• o   REST OF MIDDLE EAST & AFRICA, 2018-2027F (USD MILLION)

• 11. COMPETITIVE STRUCTURE

• 11.1. DETAILED OVERVIEW

• 11.2. MARKET SHARE

• 11.3. ASSESSMENT OF KEY PRODUCT OFFERINGS

• 11.4.  ANALYSIS OF GROWTH STRATEGIES  

• 11.5. KEY COLLABORATIONS AND JOINT VENTURES

• 11.6. KEY MERGERS AND ACQUISITIONS

• 11.7. RECENT NEWS AND DEVELOPMENTS

• 11.8. KEY CLIENTS AND PARTNERS 

• 11.9. EXHAUSTIVE ANALYSIS ON KEY FINANCIAL INDICATORS

• 11.10. COMPANY PROFILES OF GLOBAL BIO-BASED FOOD INGREDIENTS EQUIPMENT MARKET

• 11.10.1. ASHLAND

• 11.10.2. DOW

11.10.3. COLORCON

11.10.4. PRASOL CHEMICALS PVT. LTD.

11.10.5.  SHANDONG HEAD EUROPE

11.10.6. SHIN ETSU CHEMICAL CO., LTD.

11.10.7. EASTMAN CHEMICAL COMPANY

11.10.8. CORBION N.V.

11.10.9. ALFA AESAR

11.10.10. BASF

11.10.11. OTHER MARKET PLAYERS

12.  STRATEGIC RECOMMENDATIONS

·  INVESTMENT OPPORTUNITIES IN THE MARKET

·  GEOGRAPHICAL OPPORTUNITIES

.  LUCRATIVE COMPETITIVE STRATEGIES


Market Segmentation Synopsis

By Product

The market is segmented by product into ethyl cellulose, N-butanol, butyl levulinate, butyl acetate, butyl isobutyrate and others. The N-butanol segment is anticipated to hold the largest share in the bio-based food ingredients market on account of highest market value of USD 873.23 million in 2018 which is estimated to increase further. Moreover, the segment for N-butanol is projected to grow at the highest rate with a CAGR of 6.40% over the forecast period as well. N-butanol is a chemical compound produced predominantly through fermentation and used as an ingredient in dairy products and confectioneries. It acts as a safe flavoring substance in food products undergoing fermentation of carbohydrates in alcoholic beverages and can be detected in the core contents of various foods such as cheese, heat-treated milk, muskmelon, and cooked rice.

Bio-Based-Food-Ingredients

By Application

On the basis of application, the market is segmented into beverages, dairy, confectionary and others. The segment for beverages is anticipated to hold the leading share in the market in the upcoming years with a market value of USD 743.36 million in 2018. Bio based food ingredients used in beverages increases the nutritional value of the food. They are used to add flavor and to change the consistency of beverages. Increasing awareness among end-users across developing countries about health benefits of bio-based beverages and their ingredients is increasing the demand for bio based food ingredients in the beverage sector.


Bio-Based-Food-Ingredients-Market
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Growth Highlights based on Region during 2020-2027
cscs

Based on region, the bio-based food ingredients market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in North America is anticipated to hold the leading share on account of rising awareness among consumers about the benefits of natural ingredients. Further, the increasing number of health conscious consumers in the region is a key growth driver for North America bio-based food ingredients market in the coming years. Similarly, the market in Europe is projected to hold the second largest share in the market on the back of high demand for these products in Germany and UK. On the other hand, the market in Asia Pacific is predicted to grow at the highest rate of about 7.01% over the forecast period. This can be attributed to the growing demand as well as increasing production of these ingredients in the region.

Bio-Based-Food-Ingredients-Market

The study further incorporates Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).


Bio-Based Food Ingredients Market Drivers and Challenges

Growth Indicators

Increasing health and environmental concerns have pushed a significant number of people across the world towards adopting and consuming organic and natural ingredients which has led to the rise in demand for bio based food ingredients. As bio based food ingredients are a healthier alternative to all the harmful chemical products, their preference has been increasing rapidly among the consumers.

Global-Bio-Based-Food-Ingredients-Market

The growing GDP in countries is another factor contributing towards the market growth. Additionally, over the past few years, the sale of organic food additives has witnessed significant growth which is further projected to accelerate the growth of the bio based food ingredients market. Further, the increasing demand for bio-based products in the food and beverages industry has witnessed substantial growth as a result of growing health concerns. The numerous health benefits provided by these products which are associated with plant and animal based ingredients is an additional growth factor. On account of these factors, the preference of a larger section of the population has shifted towards bio-based ingredients, which has encouraged new entrants to invest and operate in the bio-based food flavors and fragrances market.

Barriers

The lack of awareness about bio-based food ingredients and their advantages in developing and under-developed countries is a major growth restricting factor for the market. Additionally, in some countries, there are no strict standards and regulations to evaluate the safety and quality of the food products. The poorly developed standards across various countries is further slowing down the uptake of bio based food ingredients which is another major obstacle faced by the new entrants. However, the recent Covid-19 pandemic has led to the economic downfall in almost every country of the world which is expected to impact the market growth adversely over the upcoming years. Various chemical companies are facing significant challenges and are unable to respond quickly to the disaster.


Bio-Based-Food-Ingredients
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Top Featured Competitive Landscape


In The News

  • In March 2019, Corbion announced the acquisition of a Brazil based company, Granotec do Brazil, a leading company specializing in functional blends for the bakery industry. This acquisition will enable the company to expand its food ingredient market in North America.


Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

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