Demand of Human Milk Oligosaccharides has been Increased Due to Growth in Health Awareness Across the Globe
The HMO Market is projected to reach $556 million by 2027, recording a CAGR of 22.7%.
The global HMO market has been influenced by some of the macroeconomic and microeconomic factors witnessed in some key countries. This would prove strong enough to drive the market significantly in terms of value sales during the forecast period. With the rise in number of infants across the globe, the demand and preference for HMO-based infant formula along with the trend of adopting healthy lifestyle by consuming functional food and beverages has significantly boosted the utilization of HMO in manufacturing.
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The key players in this market include DSM (Netherlands), BASF SE (Germany), Chr. Hansen Holding A/S (Denmark), DUPONT ( US), and Royal FrieslandCampina N.V. (Netherlands).
Post-harvest Treatment Market Forecast & COVID-19 Impact
The post-harvest treatment market is projected to grow from USD 1506.6 million in 2021 to USD 2325.7 million by 2027, recording a CAGR of 7.5% during the forecast period.
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This is attributed to the increasing trade of perishable products such as fruits and vegetables, which widens the application of post-harvest treatment to increase their shelf life during storage and transportation.
COVID-19 Impact:
The post-harvest treatment market includes major Tier I and II suppliers like JBT Corporation (US), Agrofresh (US), Pace International (US), Syngenta (Switzerland), Decco (US). These groups have spread their manufacturing facilities and supplies across various countries across Asia Pacific, Europe, North America, South America, and RoW. However, COVID-19 had an influence on their business as well, although there is no significant impact on their post-harvest treatment solutions global operations and supply chain. Several manufacturing plants are still in operation.
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Key players in the post-harvest treatment market include JBT Corporation (US), Syngenta (Switzerland), Nufarm (Australia), Bayer (Germany), BASF (Germany), AgroFresh (US), Decco (US), Pace International (US), Xeda International (France), Fomesa Fruitech (Spain), Citrosol (Spain), Post Harvest Solution LTD (New Zealand), Janssen PMP (Belgium), Colin Campbell PTY LTD (Australia), Futureco Bioscience (Spain), Apeel Sciences (US), Polynatural (Chile), Sufresca (Australia), Ceradis (Netherland), Agricoat natureseal LTD. (UK).
Farming and feeding segment is projected to grow at a significant CAGR in the digital agriculture market
The global digital #agriculture market is projected to reach USD 29.8 billion by 2027, at a CAGR of 10.5%, in terms of value between 2022 and 2027.
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The negative impact of ecosystem change on agriculture is the major factor driving the growth of the digital agriculture market. It is also a major driver for the market as farmers are looking for newer technology to help protect crops and livestock from diseases leading to any disruption.
Further, increase in investment by government bodies to encourage the adoption of different technology, increasing R&D activities by key players to provide affordable and sustainable solutions to the stakeholders in the value chain, remote sensing devices that enable farmers to monitor weather conditions, map soil properties, detect the growth of livestock, and help in forest management.
Farming and feeding segment is projected to grow at a significant CAGR in the digital agriculture market
By operations, the digital agriculture market is segmented into farming & feeding, monitoring & scouting, and marketing & demand generation. Farmers and other stakeholders are adopting this technology as it improves farm productivity and optimizes and automates various processes. It monitors every aspect of the farm, from crop health to livestock diseases, to their feeding pattern, which helps farms take strategic decisions.
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Leading companies are CISCO Systems, Inc. (US), IBM Corporation (US), Accenture (Ireland), Deere & Company (US), Trimble INC. (US), DeLaval (Sweden), AKVA Group (Norway), Hexagon AB (Sweden).
Baking ingredients are in demand across the globe
The global #baking ingredients market is projected to reach USD 22.3 billion by 2026, at a CAGR of 6.0% from 2021 to 2026.
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There has been a spike in demand for baking ingredients, such as baking soda, baking powder, cocoa powder, and other condiments, as consumers stranded at home due to the Covid-19 lockdown have taken aggressively to baking.
The novel coronavirus/COVID-19 pandemic has significantly impacted the whole food and beverages industry, among which the bakery industry was one. This pandemic has resulted in mass production shutdowns and supply chain disruptions, which have also affected the economy.
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The key players holding a large share in the baking ingredients market include Cargill (U.S.), Archer Daniels Midland Company (U.S.), Associated British Foods plc (U.K.), Koninklijke DSM N.V. (The Netherlands), Kerry Group plc (Ireland), and AAK AB (Sweden).
