The global food & beverages industry pumps market is estimated to be valued at USD 9.9 billion in 2022. It is projected to reach USD 12.9 billion by 2027, recording a CAGR of 5.3% during the forecast period. During food & beverages operations maintaining hygienic processing conditions and preventing contamination are perhaps two of the biggest priorities. Food that is not handled properly or gets contaminated can have a detrimental effect throughout the supply chain. To achieve and maintain hygienic conditions and prevent contamination, the food & beverages industry employs a wide range of pumps for various processing applications.

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Food and Beverages Industry Pumps Market Key Companies and Analysis, Top Trends by 2027 | # Food and Beverages Industry Pumps Market

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Food and Beverages Industry Pumps Market Key Companies and Analysis, Top Trends by 2027

The Food and Beverages Industry Pumps Market size is projected to reach USD 12.9 billion by 2027, recording a CAGR of 5.3%. The global food and beverages industry pumps market report is segmented by Application, Type, Degree of Engineering, Pressure, and Geography.

The global specialty food ingredients market is estimated to be valued at USD 148.2 billion in 2022. It is projected to reach USD 196.2 billion by 2027, recording a CAGR of 5.8% during the forecast period. Specialty food ingredients constitute distinct functional ingredients, sugar substitutes, flavors, specialty starches, acidulants, food preservatives, food emulsifiers, colors, food & beverage enzymes, and F&B starter culture. Specialty food ingredients improve the texture, increase shelf life, preserve product properties, and increase the product's nutritional value. Therefore, there is an increase in demand for applications in food products such as jams, jellies, bakery premixes, dairy products, meat & dairy substitutes, pharmaceutical products, personal care products, and cosmetics.

Acidulants are widely used in beverages made with fruit flavors, such as fruit-flavored carbonated water drinks. The development of the food & beverage industry has led to a substantial increase in demand for processed foods. These processed food products require acidulants as flavor enhancers and acidity regulators. Beverage acidulants find application in soft drinks, dairy products, and energy drinks. The rise in the popularity of energy drinks is likely to add impetus to the global beverage acidulants market. Based on application, this study's acidulants market has been further segmented into beverages and food products, including sauces; dressings & condiments; processed food; meat, poultry, and seafood; bakery & confectionery; and other products. The demand for acidulants is propelling within the confectionery sector. Gummy candy formulations made with gelling acidulant offer optimal gelling activity and control the set time. For instance, Bartek strategically adds acidulants to manufacture enhanced properties in confectionery products.

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Natural colors are in demand for their health benefits along with imparting color. The increasing demand for natural food colors by consumers in different regions has led manufacturers to use natural food colors as a substitute for synthetic colors. The demand for natural food colors over synthetic food colors is increasing due to the growing consumer awareness of consumers about clean-label products, the health hazards associated with synthetic colors, and the health benefits achieved by using natural food colors. Natural food colors are gaining market attention due to their natural origin, appealing to consumers who view them as a “safe to use” product. Natural colors reduce the risk of allergies and intolerance among consumers. Such factors are increasing demand for natural colors in food & beverage applications. In the EU, natural colors have high penetration. Companies are now vying for natural colors in the food & beverage sector. Dairy, sugar & gum confectionery, and desserts & ice cream are the leading sectors for utilizing natural colors.

The US holds the largest market for enzymes in North America. It is attributed to the growing demand from food manufacturers to preserve the freshness, appearance, texture, taste, and safety of processed and packaged foods. The growing demand for processed foods, owing to food retail chains and convenience, will aid in increasing demand for enzyme applications in the region. Consumers in the region are leaning towards healthy food & ingredients in food products, owing to the increasing instances of obesity and dia****es in North American countries, such as the US, which is expected to induce the consumers to focus on enzyme-rich foods.

The key players in this market include Cargill Incorporated (US), ADM (US), DuPont (US), Ingredion (US), Kerry Group (Ireland), DSM (Netherlands), Chr. Hansen (Denmark), Sensient technology corporation (US), Tate & Lyle (UK), Givaudan (Switzerland).

 

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The plant-based leather market is projected to reach USD 97 million by 2027 growing at a CAGR of 7.5% from 2022 to 2027. Sustainability is an emerging concern across all industries as consumers seek ethical substitutes to conventional animal-derived materials that have been shown to have adverse implications on our planet and human well-being. Plant-based leather is an eco-friendly, cruelty-free, and sustainable alternative to traditional animal leather, having reduced impact on the environment and improved functionality and disposability while being less expensive than cowhide. Plant-based leather is a novel addition to the sustainable fashion ideology, developed by recycling wastes generated by agricultural harvest.

Based on product types, the plant-based leather market is segmented into pineapple leather, mushroom leather, apple leather, and cactus leather. Other eco-friendly materials employed in making plant-based leather comprise coconut, cork, tree bark, paper, recycled rubber, and Kombucha tea.

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Enormous volumes of agrarian wastes which are generated every year in agriculturally rich countries of South and Southeast Asia, culminate in the annihilation of thousands of tons of biomasses, such as stems, leaves, and seed pods, and account for around 13% of agricultural greenhouse gas emissions, according to a new study. Given that plant-based leather is produced using agricultural waste, Asia Pacific holds a significant opportunity for the industry to grow exponentially. The pineapple leather market has the most potential for expansion in the Philippines–the second-largest producer of pineapple in the world, generating a massive amount of waste to be utilized in the plant-based leather industry.

Plant-based leather is incredibly adaptable and can be applied in several creative ways. It is perfect for clothing, shoes, fashion accessories, furniture, home decor, and automobile accessories. However, compared to all other industries, plant-based leather has found profound application in the fashion industry as designers are leaping sustainable fashion. Premium fashionwear brand Stella McCartney (UK) collaborated with Bolt Threads to develop a mycelium leather-based jet-black bustier and utility pants. In its Spring/Summer 2020 collection, Tommy Hilfiger introduced apple leather sneakers made from Frumat's Appleskin fabric. The zero-waste sneakers by Pangaia (Italy) are produced from discarded grape leather from the Italian wine industry. Fossils, an American watch and lifestyle company, collaborated with Mexico-based plant-based leather brand DESSERTO to create a cactus leather tote bag. As a consequence, the plant-based leather market is projected to grow at an exponential rate.

The fruit & vegetable ingredients market is estimated to be valued at USD 207.8 billion in 2021. It is projected to reach USD 280.9 billion by 2027, recording a CAGR of 5.2% during the forecast period. The rising demand for ****ter functional ingredients, developments in processed food, favorable functionalities of fruit and vegetable ingredients in various end-use industries, and increasing use of clean label products are the major market drivers and opportunities that will influence the global fruit & vegetable ingredients market. Significant changes in the food & beverage processing industry over the last two decades have resulted in the high demand for packaged & processed food & beverage products.

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Sustainability certification in the processed fruits & vegetables sector was once used to target niche markets (such as Fairtrade), but now sustainability claims and certification are one of the main trends in the mainstream market. The importance of sustainability created a new type of shopper – Eco-Actives. They are shoppers who are highly concerned about the environment and are taking action to reduce their waste.

In recent years, consumers have become increasingly conscious of adopting a healthy diet. This has led to a higher demand for healthy snacks and, more specifically, fruits & vegetables, and the need for cleaner, more natural products. As fruits & vegetables are highly perishable, people are switching towards alternatives containing natural fruits & vegetables, which is driving the market for fruit & vegetable ingredients.

In 2021, Europe accounted for a market share of 36.9% in the global fruit & vegetable ingredient market. The European fruit & vegetable ingredients market is completely driven by the German market. The German food & beverage processing industry accommodates the fruit & vegetable ingredients sector with a large consumer base with high purchasing power and good infrastructure for further processing. In the German market for fruit & vegetable ingredients, this growth is likely to be catapulted by the country’s attractive and competitive location factors, which are underpinned by an above average export rate of around 45% of the total exports. The market is characterized by its small- and medium-sized enterprise sector. The largest industry segments, by production value, are confectionery, bakery products, and dairy products. Other growth segments are fueled by the health and wellness trend, which has led to increased demand for healthy food & beverage products.

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The key players in fruit & vegetable ingredients market include Cargill Incorporated (US), ADM (US), Ingredion, Tate & Lyle(U.K), DöhlerGmbH(Germany), Kerry(Ireland), Sensient Technologies(U.S), AGRANA Beteiligungs-AG(Austria), and SunOpta(Canada), etc.

 

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