Meticulous Research®, a global market intelligence leader, has recently published its latest analysis titled “ Modified Starch Market Size, Share, Forecast, & Trends Analysis by Product Type (Acetylated Distarch Adipate, Dextrin, Maltodextrin), Raw Material (Corn, Cassava), Production Method (Chemical), Function, Form, End-use Industry - Global Forecast to 2031.”

This report projects that the modified starch market will expand to $17.98 billion by 2031, with a compound annual growth rate (CAGR) of 4.1% from 2024 to 2031. The market is expected to grow due to the increasing demand for processed and convenience foods, the broadening range of applications for modified starch, significant investments in starch processing, and the rising preference for sustainable, bio-based products. However, the market's growth is constrained by challenges such as the limited availability of natural additives, high costs, and a preference for alternatives like gum arabic.

Opportunities for market growth are likely to arise from the increasing demand for starch-based bioplastics and the development of emerging markets in Latin America, Asia-Pacific, and the Middle East & Africa. On the other hand, strict regulatory approvals and rising raw material costs present considerable challenges.

The modified starch market is segmented by product type (including acetylated distarch adipate, maltodextrin, hydroxypropyl distarch phosphate, pre-gelatinized starch, and others), raw material (corn, cassava, potato, wheat), production method (chemical, physical, and enzymatic modification), function (thickener, binder, stabilizer, emulsifier), form (dry/powder and liquid), and end-use industry (food & beverage, animal nutrition, textiles, cosmetics, pharmaceuticals, papermaking). The report also offers a regional breakdown covering North America, Europe, Latin America, Asia-Pacific, and the Middle East & Africa.

Within the product type category, acetylated distarch adipate is anticipated to hold the largest market share of 28.8% by 2024, driven by its extensive use as a thickener and stabilizer in the food & beverage sector. Corn is expected to lead the raw material segment with a 47.8% share, benefiting from its versatility and cost-effectiveness. The chemical modification method is projected to dominate the production method segment with a 66.9% share, due to its ability to enhance starch's functional properties. The thickener function segment is forecasted to hold the largest share of 45.2%, reflecting the growing demand for modified starches in food production to achieve desired textures. The dry/powder form is anticipated to capture a 64.5% share, driven by its ease of use and stability. The food & beverage industry is expected to lead the end-use industry segment with a 50.8% share, fueled by the rising demand for convenience foods.

Regionally, North America is projected to account for the largest market share of 38.1% in 2024, followed by Europe and Asia-Pacific. The North American market is expected to reach a value of $5.16 billion by 2024, supported by a strong food & beverage industry and the growing preference for sustainable ingredients.

Key Players

The modified starch market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the modified starch market are Cargill, Incorporated (U.S.), Ingredion Incorporated (U.S.), Archer-Daniels-Midland Company (U.S.), Roquette Frères (France), Tate & Lyle Plc (U.K.), AGRANA Beteiligungs-AG (Austria), Royal Avebe (Netherlands), Emsland-Stärke GmbH (Germany), Grain Processing Corporation (U.S.), Global Bio-chem Technology Group Company Limited (China), Asia Fructose Co., Ltd. (Thailand), Angel Starch and Foods Pvt. Ltd. (India), SMS Corporation Co., Ltd. (Thailand), Royal Ingredients Group B.V. (Netherlands), and SPAC Starch Products Ltd. (India) Private Limited (India).   

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Key Questions Answered in the Report:

• What is the current revenue generated from the modified starch market?
• At what rate is the global demand for modified starch projected to grow for the next 5-7 years?
• What is the historical market size and growth rate for the modified starch market?
• What are the major factors impacting the growth of this market at global and regional levels?
• What are the major opportunities for existing players and new entrants in the market?
• Which product type, raw material, production method, function, form, and end-use industry segments are expected to create major traction for the manufacturers in this market?
• What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the modified starch market?
• Who are the major players in the modified starch market? What are their specific product offerings in this market?

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The latest report by Meticulous Research® titled ‘ Astaxanthin Market by Source (Natural, Synthetic), Form (Dry, Liquid), Method of Production (Chemical Synthesis, Fermentation, Extraction), Application (Food & Beverages, Pharmaceuticals, Nutraceuticals, Animal Feed) - Global Forecast to 2030,’ presents a thorough analysis of the global astaxanthin market.

According to the report, the astaxanthin market is projected to reach $1.34 billion by 2030, with a compound annual growth rate (CAGR) of 8.2% from 2024 to 2030.

This growth is driven by the rising consumer preference for clean-label products, the benefits of natural food colors, and the increasing demand for natural cosmetics and dietary supplements.

Emerging economies in regions such as Asia-Pacific, Latin America, and the Middle East & Africa are expected to offer substantial growth opportunities, supported by government initiatives promoting aquaculture. Despite these opportunities, the market faces challenges such as rigorous regulatory requirements and the high cost of natural astaxanthin production.

The astaxanthin market is segmented into categories including source, form, method of production, application, and geography. By source, natural astaxanthin is expected to lead the market by 2024, due to its robust antioxidant properties and health benefits. The growth of this segment is further supported by the increasing demand for natural astaxanthin in nutraceutical applications and its higher efficacy compared to synthetic alternatives.

The market is also segmented by form into dry and liquid types. The dry form is anticipated to dominate the market in 2024, due to its ease of handling, longer shelf life, and transport advantages. Conversely, the liquid form is projected to experience significant growth, driven by its advantages in improving the quality and stability of food & beverage products.

The production methods include chemical synthesis, microalgae cultivation, fermentation, and extraction. Chemical synthesis is expected to hold the largest market share in 2024, owing to its cost-effectiveness and stability. However, the fermentation method is anticipated to see considerable growth, reflecting a shift toward more natural and sustainable production methods.

Astaxanthin is used across a range of industries, including food & beverages, nutraceuticals, animal feed, pharmaceuticals, and personal care & cosmetics. The nutraceuticals segment is expected to grow rapidly from 2024 to 2030, driven by astaxanthin’s antioxidant properties and its effectiveness in addressing various health issues.

Europe is expected to lead the market by 2024, driven by a strong food & beverage sector, increasing health consciousness, and growing demand for chemical-free cosmetics. Germany is anticipated to be the largest market within Europe, due to the rising demand for functional beverages & nutraceuticals and nutritional animal feed ingredients.

Key Players:

The key players operating in the astaxanthin are Algatechnologies Ltd. (Israel), BASF SE (Germany), BGG (Beijing Gingko Group) (China), Cardax, Inc. (U.S.), Cyanotech Corporation (U.S.), Divi's Laboratories Limited (India), Koninklijke DSM N.V. (Netherlands), Fenchem (China), Fuji Chemical Industries Co., Ltd. (Japan), Valensa International (U.S.), Otsuka Holdings Co., Ltd. (Japan), Piveg, Inc. (U.S.), Vidya Europe SAS (France), Wellgreen Technology Co., Ltd. (China), and Algalíf Iceland ehf (Iceland).

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Key Questions Answered in the Report-

• Which are the high-growth market segments in terms of source, form, method of production, application, and geography?
• What is the historical market size for astaxanthin across the globe?
• What are the market forecasts and estimates for the period 2024–2030?
• What are the major drivers, restraints, and opportunities in the astaxanthin market?
• Who are the major players in the market, and what are their market shares?
• Who are the major players in various countries, and what are their market shares?
• How is the competitive landscape for the astaxanthin market?
• What are the recent developments in the astaxanthin market?
• What are the different strategies adopted by the major players in the market?
• What are the key geographic trends, and which are the high-growth countries?
• Who are the local emerging players in the astaxanthin market, and how do they compete with other players?

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Crickets Market Forecast

The Crickets' Market is on track to grow significantly, with a projected compound annual growth rate (CAGR) of 28.6% from 2022 to 2029, aiming to achieve a value of $3.5 billion by 2029. This growth trajectory is fueled by increasing greenhouse gas emissions from conventional livestock, a surge in the demand for cricket-based food products, and the impressive nutritional profile of crickets. Additionally, expanding economies in Southeast Asia, the Middle East & Africa, and Latin America are anticipated to offer promising opportunities for industry stakeholders. Nonetheless, the market might encounter some obstacles due to inconsistent regulatory standards and societal reluctance towards consuming insects.

Here are the top 10 companies operating in the  Crickets Market 

Kreca (Part of Protifarm Holding NV) (Netherlands)

Kreca operates as a leading producer and processor of insects, catering to both the feed and food sectors. Established in 1981, Kreca has been providing crickets for animal feed through Kreca Ento-Feed BV and for human consumption through Kreca Ento-Food BV since 2007. The company's offerings include whole, freeze-dried, and deep-frozen insects, as well as insect powder. Kreca Ento-Food BV is accredited by the Dutch Food Safety Authorization (NVWA) for the production and sale of edible insects. The company has a broad presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Entomo Farms (Canada)

Entomo Farms specializes in producing cricket flour, powder, and insect proteins. Its product lineup spans various segments, including powder, whole roasted crickets, seasoned snacks, pet food, and frass. Catering to both human and pet markets, Entomo Farms operates globally, with a presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Aspire Food Group (U.S.)

Aspire Food Group is involved in the commercial farming and processing of crickets and other insects for food and feed applications. In the U.S., the company raises crickets on a significant scale, while in Ghana, it focuses on farming palm weevil larvae and supports local farmers in this endeavor. Following the acquisition of Exo in March 2018, Aspire Food Group expanded its product range to include cricket bars, high-protein powder, and roasted crickets. The company operates across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

All Things Bugs, LLC (U.S.)

All Things Bugs, LLC is dedicated to producing and selling finely milled whole cricket powder under the brand 'Griopro.' The company’s processing involves grinding insects into a fine, neutral-flavored powder with a particle size under 100 microns. Its products are available in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Armstrong Cricket Farm (U.S.)

Armstrong Cricket Farm is a pioneer in the cricket farming industry, having begun commercial operations in 1947. The company supplies edible insects for animal feed and offers various insects such as mealworms and waxworms for bait stores and pet shops. Armstrong also provides essential equipment for insect farming and operates primarily within the U.S.

Meticulous Research has forecasted a robust 28.6% growth rate for the Crickets Market from 2022 to 2029.

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Cricket Lab Limited (U.K.)

Cricket Lab Limited is a prominent producer of cricket flour, utilizing state-of-the-art automation and technology. It ranks among the largest cricket processing facilities globally. The company has a wide-reaching market presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Global Bugs Asia Co. Ltd. (Thailand)

Global Bugs Asia engages in the comprehensive production of edible insects, including crickets, cricket powder, snacks, and protein bars. The company oversees all stages from organic farming to processing and sales. Additionally, it operates an online platform for distributor and private label products. The company is active in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

JR Unique Foods (Thailand)

JR Unique Foods focuses on producing insect powder and whole roasted insects, with a Grade A BRC food safety certification. The company offers GMO-free vegetarian-fed crickets and various insect-based foods through Thailand Unique. JR Unique Foods is present in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Protix B.V. (Netherlands)

Protix B.V. specializes in manufacturing insect ingredients for both animal feed and human consumption. The company converts organic waste into protein meals and fats using various insect species. Following its 2017 acquisition of Fair Insects, Protix now includes mealworms, crickets, and grasshoppers in its offerings. Protix operates extensively across Europe, North America, and Asia-Pacific.

Cricket Foods (U.K.)

Cricket Foods produces high-quality cricket-based ingredients, including whole dried crickets and cricket flour, designed for human consumption. The company's products are distributed across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

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Meticulous Research® has released its latest report titled ‘ Lecithin Market Size, Share, Forecast, & Trends Analysis by Type (Unrefined, Refined, Modified), Source (Soy, Sunflower, Canola), Form (Liquid, Granular), Application (Food & Beverages, Pharmaceuticals, Animal Feed, Personal Care) - Global Forecast to 2031.’ The report projects that the lecithin market will reach $2.91 billion by 2031, growing at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.

The growth of the lecithin market is driven by the increasing demand for natural and functional ingredients, the rising prevalence of lifestyle-related health issues such as cardiovascular diseases and diabetes, and the growing consumption of processed food and beverages. Additionally, the market is benefiting from increased awareness of phospholipids’ health benefits. However, the market faces challenges from the availability of synthetic alternatives and soy allergies.

The report also identifies growth opportunities in the personal care industry and emerging markets, despite challenges such as fluctuating raw material prices and limited consumer awareness about lecithin. The growing trend toward non-GMO and clean-label products is expected to impact the market significantly.

The lecithin market is segmented by type, source, form, application, and geography. The unrefined segment is expected to hold the largest market share by 2024, driven by its use in food additives and cosmetics. Soy is projected to dominate the market as the leading source of lecithin, due to its availability and cost-efficiency. Liquid lecithin is anticipated to lead the form segment, owing to its versatility and stability. The food and beverages sector is expected to capture the largest market share, driven by the demand for processed and plant-based food products.

Geographically, Europe is expected to be the largest market for lecithin by 2024, followed by North America and Asia-Pacific

Key Players:

The lecithin market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the Lecithin market are Cargill, Incorporated (U.S.), Archer-Daniels-Midland Company (U.S.), DuPont de Nemours, Inc. (U.S.), Lipoid GmbH (Germany), Bunge Global SA (U.S.), American Lecithin Company (U.S.), Global River Food Ingredients (U.S.), Sternchemie GmbH & Co. KG (Germany), Wilmar International Limited (Singapore), AAK AB (Sweden), Haneil Soyatech Pvt. Ltd. (India), Orison Chemicals Limited (China), Tianjin Hexiyuan Lecithin Technology Co., Ltd. (China), Sime Darby Oils Zwijndrecht Refinery B.V. (Netherlands), LECICO GmbH (Germany), and Sun Nutrafoods (India).

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Key Questions Answered in the Report-

• What is the value of revenue generated by the sale of lecithin?
• At what rate is the global demand for lecithin projected to grow for the next 5-7 years?
• What is the historical market size and growth rate for the lecithin market?
• What are the major factors impacting the growth of this market at global and regional levels?
• What are the major opportunities for existing players and new entrants in the market?
• Which type, source, form, and application segments create major traction for the manufacturers in this market?
• What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the lecithin market?
• Who are the major players in the lecithin market? What are their specific product offerings in this market?
• What recent developments have taken place in the lecithin market? What impact have these strategic developments created on the market?

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