Food Products

Increased consumption of dairy products to fuel fermentation defoamer market share

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Growing population and a subsequent rise in the demand for food & beverage products globally will propel fermentation defoamer market size over the forecast timeframe. Fermentation defoamers are widely used in the production of dairy items such as cheese, yogurt and sour cream, as well as alcoholic beverages including wine, beer, whiskey, and others. The product also finds application in making products such as coffee, bread, tofu, soy sauce, among numerous others. Consistent expansion of the food & beverage segment worldwide, outlined by evolving consumer preferences, is expected to augment fermentation defoamer industry share in the coming years.

North America Fermentation Defoamer Market Size, By Product, 2014 – 2025 (USD Million)
North America Fermentation Defoamer Market Size, By Product, 2014 – 2025 (USD Million) ?

Asia Pacific (APAC) processed food & beverage industry has witnessed stellar growth in the past decades owing to increasing household income levels, rapid urbanization, growing population, changing lifestyle as well as the entry of multinational food companies, specifically in India and China. Apparently, China is currently one of the leading beer producing countries around the globe. Both India and China are two of the largest producers of milk and dairy offerings, which require the use of defoamers to ensure suitable quality of the end product. All these factors will play a considerable role in fostering APAC fermentation defoamer industry scope over the projected timeline.

Rise in the demand for biofuels to address carbon dioxide emission concerns is anticipated to promote fermentation defoamer market size over coming years. Fermentation defoamers are extensively used in industrial fermentation processes to manufacture biofuels like ethanol and biogas, biodiesel, butanol and biohydrogen. Biofuels are expected to substitute conventional fossil fuels in the future owing to their eco-friendly properties. Increased consumption of biofuels all over the world will certainly bring new opportunities for businesses providing required materials and chemicals used in their production. However stringent regulations and strict guidelines regarding product usage in various segments could impede the industry growth to some extent.

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Alcohol has historically played, and continues to play an important role on social occasions for bonding and engagement. A recent study conducted by a team of researchers for Addiction and Mental Health, in Canada and Germany, reports that at the global level, consumption of alcohol per year had surged by 70% between 1990 and 2017, which can be attributed to the growing popularity of alcoholic drinks among the younger generations. Defoamers are used in the production of alcoholic beverages to stop the formation of foams, representing a crucial application segment reinforcing fermentation defoamer market trends.

Increased consumption of cheese globally owing to shift in eating trends is another key factor that will surge the demand for defoamers. According to reports, an average American consumes approximately 23 pounds of cheese in a year. Over the years, processed food segment has grown rapidly owing to advancements in food processing technology. Apparently, most processed foods use some form of cheese for preparation. Global yogurt sales have experienced a tremendous increase owing to nutritional benefits and preference of health conscious consumers, suggesting substantial opportunities for fermentation defoamer industry growth from various dairy food products.

Consumption of coffee and its variants in North America has surged rapidly due to the lifestyle of people. The U.S. remains one of the leading consumers of coffee in the world and statistics suggest that coffee drinkers in the country consume an average of roughly 3.1 cups per day. In the U.K., bread remains the most favored choice of food, with nearly 99% households purchasing bread daily. Both bread and coffee make up an integral part of people’s day-to-day lives, and an increased consumption of these items will bolster fermentation defoamer market outlook.

Fermentation defoamers are proficient in minimizing the amount of foam produced during industrial fermentation process, which makes them an integral part of fermentation-based industrial applications. Climbing demand for antibiotics and the rising consumption of alcoholic beverages will prove to be crucial elements aiding the industry development. Global fermentation defoamer market size is estimated to exceed USD 2 billion annually by 2025.

Author NameHrishikesh Kadam

APAC barge transportation market to acquire substantial returns by 2024, rising demand for petroleum products in the region to drive the industry expansion

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Barge transportation market has indeed gained a velocity in the past few years, and is in the midst of experiencing a profound commercialization portfolio, primarily driven by the escalating crude petrochemical shipments across the world. In this regard, it is important to note that U.S. and Japan are the two major economies where crude oil demand is significantly high, which quite aptly translates the profitability quotient of the barge transportation market in these regions. In fact, Asia Pacific is forecast to procure a significant portion of the overall industry, with a massive revenue collection by the end of 2024. However, North America is also slated to emerge as a crucial regional barge transportation market, on account of the rising shale oil production.

U.S. Barge Transportation Market, By Product, 2013-2024, (USD Million)

U.S. Barge Transportation Market, By Product, 2013-2024, (USD Million)

Global barge transportation industry, estimated by Global Market Insights, Inc., is claimed to surpass USD 170 billion by the end of 2024. Growing investments in fleet modernization and increment in the barge number has substantially driven the market dynamics over the years.  For instance, Kirby Corporation, one of the renowned barge transportation market giants, had spent almost USD 135 million in 2014 for the construction of 66 new island barges. Mergers and acquisitions is another strategy that the industry participants are readily adopting to consolidate their business position in the competitive space.

The yesteryear acquisition of SEACOR Holdings’ inland fleet by Kirby Corporation from subsidiaries of SEACOR at approximately USD 88 million bears a testimony to the aforementioned fact. Reportedly, the asset purchase will include 13 inland towboats, 27 inland 30,000-barrel tank barges, and one towboat which is presently under construction. Under the agreement, Kirby would transfer SEACOR Holdings the ownership of Florida based ship docking tugboat. On the other hand, SEACOR, through SCF Waxler Marine LLC, would transport petrochemicals, black oil, and refined petroleum products on Gulf Intracoastal Waterway and Mississippi River System. Analysts claim this move by Kirby Corporations to be highly strategic, projecting the company to score a competitive advantage in the global barge transportation industry.

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Some of the other biggies involved in barge transportation market include American Commercial Barge Line, Campbell Transportation, Blessey Marine Services, Canal Barge, PTC Logistics, and Heartland Barge.  The overall industry is restrained by some of the crucial factors such as huge initial cost associated with fleet construction, limitations of international water ways, and climatic conditions. However, leading companies are continuously focusing on overcoming these challenges as much as possible by incorporating technology in the business module. For instance, GPS integration has helped the operators get a clear picture of the climatic conditions and the delivery time.

Outlining Asia Pacific barge transportation industry trends over 2018-2024

Asia Pacific is one of the most lucrative regional markets for barge transportation industry. Indeed, APAC barge transportation industry held USD 34 billion in 2017, accounting for the highest revenue of the market share, primarily driven by the rising foreign exchange and trade activities. Furthermore, the growing number of oil imports from the Middle East and North America will add to the industry growth.

Another factor that will add to the growth of the APAC barge transportation industry is the availability of huge waterways in addition to the escalating vessel freight traffic, especially alongside the coastal areas. As per estimates, Asia Pacific barge transportation market shipments will be 5.5 billion tons by 2024.

Powered by a plethora of unprecedented technological advancements and the escalating demand for petrochemical and agricultural shipments, barge transportation market is expected to chart an appreciable growth in the coming years. Global Market Insights, Inc., anticipates the overall barge transportation market size to register a CAGR of 5% over 2018-2024.

Author Name : Saipriya Iyer