Bio-Chemicals and Bio-Materials
Overview of the global natural colorant and flavor market
Technavio’s market research analyst predicts that the global natural colorant and flavor market will grow at a CAGR of almost 7% between 2016 and 2020. The growing preference for healthy and hygienic food is one of the major driving forces for the natural colorant and flavor market. It has been noted that most consumers are opting for products that are clean and have a green label as they are safer and healthier. The growing awareness about the side-effects of chemically synthesized ingredients such as toxicity and allergies have prompted people to choose naturally colored and flavored food products. Several vendors in the market are also providing a variety of colors and flavors for food products, which will further help the natural colorants and flavors market to grow in the coming years. Also, strict regulations for the use of synthetic and artificial colors and flavors by several food authorities will directly help in the growth of the global natural food colorant and flavor market over the next four years.
The market for packaged food and beverage products is growing owing to the rapid change in the lifestyle of consumers. The increase in the disposable income of consumers is also a major contributing factor that has surged the consumption of packaged food products. The latest trend in the market is the shift of packaged food products from synthetic ingredients to natural ingredients due to the food safety issue. Natural colorants and flavors are essential parts of the food industry, and with the massive growth of the packaged food and beverage industry, the market for natural colorants and flavors is anticipated to grow considerably over the next few years.
Competitive landscape and key vendors
Overview of the global hydrocolloid market
Hydrocolloids are primarily used for thickening, gelling, coating, stabilizing and emulsifying purposes. They help in enhancing the quality and extending the shelf life of diverse products.The food and beverage industry is the major end-user of hydrocolloids as these polymers can increase viscosity, texture, and enhance the physical appearance of products. Moreover, the addition of hydrocolloids to food products and beverages brings about a reduction in sugar and salt content without altering the taste and texture of the products. Owing to the shifting preferences of consumers towards a healthier lifestyle, the demand for nutritious ingredients such as hydrocolloids will also increase in the coming years. Also, the growing use of hydrocolloids in functional food helps in reducing the occurrences of diabetes, obesity, and several other diseases. Technavio’s market research analyst predicts the global hydrocolloid market to grow at a CAGR of more than 5% during the forecast period.
In terms of geography, Europe accounted for the largest market share in 2015 and will continue to dominate the market during the forecast period. Much of the region’s growth is due to the predominant use of hydrocolloids in the food and beverage industry. The increasing use of cheese, yogurt, frozen products, and meat and poultry products are expected to contribute to the growth of the market in this region. Moreover, the growing consumption of fruit and vegetable juices in countries like Austria, Belgium, Greece, Germany, Spain, Portugal, Sweden, the Netherlands, and the UK will foster the demand for hydrocolloids in Europe.
Competitive landscape and key vendors
The global hydrocolloids
Overview of the global bioactive materials market
Technavio’s market research analyst predicts the global bioactive materials market to grow at a CAGR of more than 13% between 2016 and 2020. Bioactive materials are highly preferred among several end-user industries, for their unique biomechanical and biochemical properties. The healthcare industry dominates the bioactive materials market due to increased demand from organ failure and replacement procedures, orthodontics, and other coating applications. There is high demand for the use of bioactive materials in implantations as these bioengineered materials are resistant to high moisture content, fracture and wear, and bacterial microleakage. Also, the implantation procedures including bioengineered materials reduce the annual post-implant hospital costs. Several technological innovations and the economic benefits with the use of bioactive materials and bioengineered transplants have led to growing interest in bioengineering and tissue engineering, which act as alternatives to conventional organ transplants.
The bioactive materials market is estimated to grow significantly in North America during the forecast period. Factors such as growing requirement for materials that permit easy tissue repair and regeneration to shorten hospital stays are key to market growth. The US is the major revenue generating country in the North American bioactive materials market owing to rising healthcare
Overview of the global vitamin ingredients market
Market research analysts at Technavio predict that the global vitamin ingredients market will grow at a CAGR of close to 5% between 2016 and 2020. The growing applications of vitamins in the supplement industry is one of the major factors driving the growth of this market. Besides recommending multivitamins for children, physicians have started prescribing vitamins during conception and prenatal development. Several doctors are encouraging the intake of supplements such as vitamin A, C, D, and E, B-complex vitamins, and multivitamins as an essential part of good prenatal health. Vitamin D supplements are gaining extensive popularity among breastfeeding and pregnant women for the better health of their children. These supplements are also taken by people above 65 years of age, those with less exposure to the sun, and for children aged between six months to five years. Such extensive applications of vitamin supplements are pushing vitamin supplement manufacturers to invest in R&D to find out the types of nutrients required by different people.
APAC is the largest revenue-contributing region in the vitamin ingredients market and is anticipated to occupy more than 40% of the overall market revenue over the next four years. Increased marketing initiatives and promotions by vendors along with changes in lifestyle are contributing to the growing demand in countries such as India. Rapid urbanization and lifestyle changes are prompting pregnant women toward healthy dietary options, resulting in
Overview of the global medical membrane market
Technavio’s market research analyst predicts the global medical membrane market to grow at a CAGR of more than 9% by 2020. Membrane technology offers some unique benefits which help enhance the quality of pharmaceutical products and maintain operational efficiency. The membrane separation techniques cover enhanced applications of membrane technologies like separation, concentration, and purification. Medical membranes provide high separation accuracy, help in the production of high purity products, offer better selectivity toward essential components, and help in improving wastewater treatment. The application of membrane technology in the medical industry enables a comprehensive use of resources, besides improving the quality of pharmaceutical products.
APAC is the largest revenue-generating region in the market and is envisaged to occupy more than 46% of the overall market revenue by 2020. Factors such as increasing population, rising use of pharmaceutical products, and the growing pharmaceutical industry in developing countries such as India and China have spurred the demand for high-quality pharmaceutical products, which will bolster the usage of medical membranes in the region. The increasing number of medical membranes technology installations in countries like China, Japan, Australia, and India will also drive the growth of the market in the region during the forecast period.
Competitive landscape and key vendors
The market is fragmented with the presence of several small and large vendors, resulting in high competition. These players have a vast geographical
Overview of the global bioplastics market
Technavio’s market research analyst predicts the global bioplastics market to grow at a high CAGR of more than 29% by 2020. The rise in demand for eco-friendly packaging has propelled several plastic manufacturers and packaging vendors to shift towards the use of bioplastics in packaging. The growing requirement to comply with government regulations is pushing vendors to focus on manufacturing bioplastics and consume more green packaging labels to increase their branding and customer acquisition. With the increase in focus on sustainability and favorable government regulations for green procurement policies, the global bioplastic market will experience significant opportunities in the consumer goods and packaging sector in the coming years. The growing use of bioplastics in packaging applications such as biodegradable mulch films, compostable waste bags, catering products, film packaging, and rigid packaging will also boost the growth prospects for this market during the forecast period.
APAC is the fastest growing region in the bioplastics market and will grow at a high CAGR of around 35% during the forecast period. With the continuous increase in awareness about the environment and pollution and greater emphasis on sustainability, the governments of several APAC nations are focusing on the recycling of plastic products, which has boosted the growth prospects for the market for bioplastics in APAC. In terms of production, APAC is leading the bioplastics market globally and will continue its dominance in the coming years. Factors such as low labor cost, availability of raw materials, and favorable regulations by the government are driving the bioplastic production in APAC.
Green chemicals or bio-based chemicals are renewable chemicals produced from bio-based feedstock; they are less harmful to the environment than petroleum-based chemical production. Bio-chemicals can be further classified by product type: bio-alcohols, bio-polymers, bio-organic acid, bio-ketones, and platform chemicals. Bio-materials are nonviable materials used in medical devices and related products.