The global ethoxyquin technology market is expected to grow at the CAGR of 5.9% during 2015-2022. The major factors driving the market are rising feed prices, growing trade for food items in distant countries, rising need for effective pesticides. The feed prices are increasing gradually resulting in need for more preservatives. Growing trade for food item is the other factor influencing the market largely.
The global food anti-caking agent market is expected to grow at the CAGR of 5.6% during 2015-2022. Anti-caking agents are used in powdered products so that transport, packaging and consumption can easily be done. Some of the anti-caking agents which are present in the market include calcium ferrocyanide, powdered cellulose, magnesium stearate, magnesium trisilicate, sodium ferrocyanide, stearic acid, potassium aluminium silicate, sodium bicarbonate, tricalcium phosphate,. Because of the increasing use of anti-caking agents in different industries, the market for anti-caking agents is estimated to grow.
Nutraceuticals are ingredients of food and beverages having large number of health benefits such as providing nutrition, assisting in weight management, heart health, bone health etc. The global nutraceuticals is expected to grow at a CAGR of 7.7%. There is a continuous rise in the number of health conscious people around the world who are more inclined towards dietary supplements and nutritious products. Also the rising geriatric population around the globe is driving the demand of nutraceuticals.
Rising awareness towards the impact of inorganic food on human health has shifted the trend of market from conventional food and beverages to developing organic food market. This factor is anticipated to be the key driver for the growth of organic food and beverages market. Moreover, supportive government regulations are also significantly contributing significantly towards the growth of organic food and beverages market.
The global powder technology market is expected to grow at the CAGR of 1.9% during 2015-2022. The major factors driving the market are increasing demand of low calorie food additives from end user industries and wide applications from bakery products to soft drink industry. Rise in demand of low sugar food for diet conscious and diabetic consumers simultaneously diet beverages is estimated to drive demand during the forecasted period.
The global market for sports nutrition and supplements has been growing at a significant rate with the food and beverages, pharmaceuticals health and personal care and sports industries. The Global Sports Nutrition Market is majorly driven by increasing health awareness among the consumers, rapid urbanization and rise in disposable income of the consumers are some of the major factors and the market share of sports nutrition products is expected to increase over the forecast period.
The global inulin market is expected to grow at the CAGR of 9.1% during 2015-2022 and it estimated to be $2.37 billion by 2022. Global inulin market is expected to have high growth in future due to increase in prebiotic ingredients in food and beverages industry. Inulin is highly used in dairy products formation such as cheese, ice-cream and yogurts. Dairy industry growth is the key driver for inulin market over the forecasted period.
The global glucosamine market is expected to grow at the CAGR of 14.3% during 2015-2022 and it estimated to be $1.2 billion by 2022. The global glucosamine market is majorly driven by significant growth in geriatric population, hug adoption of glucosamine products in emerging economies, global rise in adoption of food and beverages, huge consumption of glucosamine due to rise in arthritis and joint pain diseases.
The global food colorants market is expected to grow at the CAGR of 5% during 2015-2022 and it estimated to be $2.8 billion by 2022.The global food colorants market is majorly driven by significant availability of raw materials to produce food colors. Huge investment in global food colorants market is expected to boost the market in next few years. Rise in labeling system is expected to drive the global food colorants market.
The global probiotic market is expected to grow at the CAGR of 8% during 2015-2022 and it estimated to be $35 billion by 2022. The global probiotic market is majorly driven by significant demand in food and beverages segments. Acquisition and partnership are the key strategy adopted by the probiotic market companies to stay competitive.