Showing posts with label Food & Beverages. Show all posts
Showing posts with label Food & Beverages. Show all posts

Tuesday, 9 August 2016

Increasing Health Awareness to Shape Product Development in Chilled and Deli Foods Industry

Chilled and deli foods, which include prepackaged foods such as sandwiches, salads, and various meat products, have enjoyed a growing demand in the last few decades. The convenience of prepackaged food, which can be prepared within a short time, has become immensely appealing to not just people migrating in search of better job prospects and education, but also homemakers and families who can’t afford to spend the time required to prepare fresh home-cooked meals.

Even though the nutritional quotient of chilled and deli foods is not sufficient to be sustainable, efforts are being made by major players to improve it. These are likely to be driven by the increasing health awareness across the world, which has led to a large part of the consumer demographic choosing healthier alternatives to chilled foods. According to Transparency Market Research, the global chilled and deli foods market’s annual revenue is expected to be US$853.5 bn by the end of 2016 and further rise to US$988.7 bn by 2021.

Which region presents the most attractive prospects for the chilled and deli foods industry?

Due to the rapid urbanization observed in Asia Pacific and better job and educational prospects in cities, the APAC market is the focus of the key players in the global chilled and deli foods industry. Due to the poverty in rural parts of Asia Pacific, working professionals often migrate to cities without their immediate family, which creates the need for chilled and other types of prepackaged foods. This is a key driver for the Asia Pacific chilled and deli foods market, which is expected to account for around 40% of the global market by 2021.


Due to the growing availability of junk food in Asia Pacific and the consequent increase in diseases such as diabetes and hypertension, the population has also become more health-conscious. A study done by South Korea’s Centres for Disease Control and Prevention found that Korean teenagers now consumed half as much junk food as they did a decade ago. While this is not the case in many Asia Pacific countries, particularly ones in which international junk foods have entered only recently, governmental healthcare bodies are becoming more concerned about the impact of junk food on their national health scenario. This drop in junk food consumption bodes well for chilled and deli foods manufacturers focusing on improving the nutrition quotient of their products.

Which are the key product segments of the chilled and deli foods market?

Prepackaged sandwiches and prepackaged salads are the leading revenue generators in the global chilled and deli foods market, illustrating the impact of the rising health awareness on the chilled and deli foods market. The variety of fillings and toppings available in prepackaged sandwiches and salads also makes them attractive for the consumer, while manufacturers can use their high nutritional quotient to set their products apart from the competition.

The key players in the global chilled and deli foods market include Kraft Foods Group Inc., Tyson Foods Inc., Waitrose Limited, JBS S.A., BRF S.A., Samworth Brothers Limited, Sisters Food Group, and Astral Foods Ltd.

Monday, 8 August 2016

Food Preservative Industry Needs Improved Coordination between Regulatory Agencies

Food preservatives are a wide range of food additives added to food to keep it fresh and avoid spoilage. Since packaged food is often water-rich organic material, the natural processes within it can themselves lead to spoilage of the food. Microbes can also readily fester in food, thanks to the ready supply of nutrients. This calls for the use of food preservatives, which block antimicrobial action and delay the natural conditions leading to spoilage.

Food preservatives can be natural or synthetic, depending upon the duration for which the food needs to be kept fresh and the precise nature of the threats to be countered by the additive. According to Transparency Market Research, the global market for food preservatives was valued at US$2 bn in 2013. Exhibiting a steady 3.50% CAGR from 2014 to 2020, the market’s valuation is expected to rise to US$2.5 bn.

How will the increasing demand for organic food affect the food preservatives market?

One of the key drivers for the global food preservatives market is the increasing demand for organic food, which can’t be preserved with the same formulations used for conventionally farmed food. This has led to the generation of a new product category in the food preservatives market dealing specifically with the preservation of organic food. The widespread public perception of organic food as being healthier than conventionally farmed food is likely to aid the global food preservatives market massively in the coming years.

The rapid rate of urbanization around the world has also led to a growing demand for packaged food, which is a leading application segment of the global food preservatives market. Food preservatives are particularly important in packaged food, since packaged food is bought expressly to be eaten a significant time after its purchase. 


What is the most important challenge for the food preservatives industry?

Food preservatives have a direct effect on the health of the consumer, leading to governments across the world setting firm regulations to control and monitor their use. However, illegal use of more effective but more dangerous food preservatives is common across the world and particularly prevalent in developing countries. Earlier this month, Burmese officials discovered widespread use of formalin, a chemical more commonly used to preserve human carcasses and prevent them from rotting, for the preservation of tofu and noodles. The rising prevalence of such instances is a key restraint on the global food preservatives market, and requires more comprehensive and coordinated efforts from global healthcare bodies.

The rapidly increasing demand for food preservatives from Asia Pacific makes coordination between the region’s food and beverage monitoring agencies particularly important. While North America led the global food preservatives market in 2013, Asia Pacific was not far behind and is likely to remain a key contributor to the global food preservatives market in the coming years. Australia, South Korea, India, China, Thailand are among the key markets for food preservatives, as the steady urbanization in these countries has led to the generation of a significant and expanding consumer pool.

Aqua Feed Production Upswing to Ride on Increasing Demand for High-quality Aquaculture Products

The quality of feed is important in animal production systems as it is essential to produce a healthy and high-quality product in an economical manner. In fish farming, nutrition is crucial as it accounts for a substantial amount of the production cost. Fish nutrition has advanced considerably in recent years with the development of new and balanced commercial diets that aid optimal fish growth and health. The development of species-specific diet formulations will result in the global aqua feed market to reach a valuation of US$122.6 bn by 2019, says a new market study by Transparency Market Research. Consequently, the aquaculture industry has been benefitted to satisfy the increasing demand for safe and high-quality fish and sea-foods.

Q. What are the major factors driving the growth of the global aqua feed market?

A. The demand for aquaculture products has been on the rise over the past few years. This is because aquatic foods have high nutritional value and are also quite affordable. To cater to this demand, aquaculture has developed considerably, wherein the breeding of aquatic products is monitored and controlled.

The flourishing aquaculture market contributes significantly to the growth of the global aqua feed market. On the other hand, revenue contribution by the aqua feed market makes up almost 50% of the cost involved in operating an aquaculture facility. Therefore, the growth of the aqua feed market is dependent on the growth of the aquaculture industry to some extent.

Q. What relation does feed type have on the growth of the aquaculture product?

A. Commercial fish diets are manufactured either as floating or sinking feeds. While both sinking and floating diets can produce satisfactory results, some fish prefer floating and others prefer sinking diets. However, extruded feeds are advantageous as it enables the farmer to observe the feeding intensity and can be adjusted as per need. This is because feeding rates are important to be determined if they are too low or too high for maximizing fish growth and feed use efficiency. 


Q. Which is the most lucrative end-use segment of the global aqua feed market?

A. Carps are expected to contribute substantial revenue to the aqua feed market as they can breed in less than ideal environmental conditions. In 2012, carps accounted for more than 25% of the overall aqua feed market. Moreover, factors such as changing food habits, rising disposable incomes, and changing lifestyle are leading to the increased demand for carps and crustaceans. Carps and crustaceans are expected to be leading end-use segments of the aqua feed market in the coming years.

Q. How do regional markets fare in the global aqua feed market?

A. Asia Pacific is a significant market for aqua feed due to the high demand for fish and the emergence of a considerable number of aquaculture facilities in the region. The region held 65% of the overall market in 2012 and is expected to retain its dominant position until the end of 2019. Europe is expected to stand as the second-largest market for aqua feed in the coming years.

Monday, 1 August 2016

Rising Demand for Premium Confectioneries Spurs the Growth of Sugar Confectionery Market

Sugar confectioneries are consumed by most income groups in Asia Pacific and Latin America and their market is expanding owing to the growing demand for sweet snacks and confectionery foods. A surge in the demand for toffees, boiled sweets, fondant, premium chocolates, and marshmallows is driving the sugar confectionery market in these two regions.

The market presents a wide scope for experiment, making it an opportunity-laden market. During recent times, growth in the application of medicated confectionery in the development of drugs for conditions such as allergies, cold, cough, and respiratory tract congestion has been witnessed. These developments are likely to drive the sugar confectionery market.

Reduced Prices of Sugar in APAC Keep Sugar Confectioneries Market on Growth Track

Key companies are investing huge capital in the lucrative market of APAC, leading to a reduction in the prices of sugar. The gradual decrease in prices is anticipated to propel the demand for sugar confectionery products, particularly in rural areas. In urban areas, the rapidly developing retail industry and rising disposable income are likely to bolster the growth of sugar confectionery market. The rising demand for premium confectionery products in these areas is also anticipated to give a great push to the market. 


In China, the growth of sugar confectionery market can be attributed to the growing trend of using confectionery as gifts on festive occasions and purchasing power of the customers. The Asia Pacific sugar confectionery market, comprising India, China, South Korea, and Japan, is influenced by the strong presence of many local players.

Augmented Demand for Innovative Confectionery Products in LATAM Benefits Sugar Confectioneries Market

The Latin America sugar confectionery market is characterized by the growing sugarcane industry in countries such as Argentina, Brazil, and the rest of LATAM. Growing preference for healthy and quality products has increased the scope of innovation in sugar confectioneries. Growing consumption of pastilles, nougats, gums, and candies as alternatives to chocolate is anticipated to drive the sugar confectionery market in LATAM. Moreover, the presence of many local players is likely to reduce the cost of sugar confectionery products.

Monday, 25 July 2016

Organic Food and Beverages take the World by Storm, Increasing Health Awareness Fuels Demand for Organic Products

At present, the use of artificial ingredients in food is a major concern for which consumers worldwide are seeking a solution. In several parts of the world, packaged and prepared food and drinks are perceived to be overly processed and nowhere close to food found naturally or to the food prepared from scratch in home settings. Consumers globally are crafting their own preferences for ingredients, with many people wary of artificial colors, preservatives, and sweeteners. Due to these reasons, consumers are seeking food that is simple and is prepared using fewer ingredients.

Q. What are the forces driving the growth of the organic food market?

A. The global organic food market is on a growth trajectory due to several reasons. The increasing preference for foods that are grown without the use of synthetic chemicals, coloring agents, additives, or genetic manipulation are the major factors driving the organic food market. Foods that are produced organically are considered to be safe for health, provide more nutrition, and better tasting than conventionally grown food.

In particular, in urban areas, consumers are adopting health-benefitting foods, which include organic foods as well. Consumers have a strong perception about the health benefits of naturally cultivated foods in the long run. Government regulations in place pertaining to the use of artificial ingredients and flavors in foods is also limiting their use. The rapid expansion of the organic food distribution channels is also boosting the global organic food market.


Moreover, rising disposable incomes and increasing awareness among middle-class consumers about the health benefits and environmental benefits of organic food, predominantly in emerging economies is benefitting the global organic food and organic beverage market.

Q. Is the organic food and beverages market expanding in emerging economies?

A. Yes. The organic food and beverages market is in expansion mode in emerging economies. From the traditional markets of Europe and North America for organic food and beverages, the increasing demand for organic food and beverages in China, India, Mexico, Brazil, and Argentina have aroused the attention of organic food manufacturers for expansion in these countries.

In particular, Asia Pacific is expected to be the most lucrative market for organic food and organic beverages and display a growth rate of 28.2% between 2013 and 2019. The growth of this regional market is attributed to the increasing environmental consciousness and the increasing affinity for organic ingredients.

Q. What lies in store for the French dairy giant Danone with its purchase of White Wave Foods?

A. The all-cash transaction between Danone and the U.S organic food producer White Wave Foods, which valued the latter at US$12.5 billion, will lead Danone to be a world leader in organic produce. Furthermore, this will allow Danone to grow its business in the U.S. and occupy a unique position in the organic food and beverages space. The deal is expected to allow Danone to tap into consumer trends to develop healthier and more sustainable food and beverages.

Monday, 18 July 2016

Increased Consumer Health Awareness Benefits Global Nutraceuticals Market

The extra health benefits provided by the nutraceuticals in addition to the basic nutritional value is giving a push to the global nutraceuticals market. The broad term ranges from isolated nutrients, herbal products and processed foods and beverages, and dietary supplements to specific diets.
They can be considered non-specific biological therapies to provide physiological benefits, ailments to the consumers and relief from numerous chronic diseases. Due to all the aforementioned benefits, a steady growth has been witnessed during past few years and the trend is expected to continue because of an increase in consumer spending habits on nutritious and healthy functional food worldwide.

Changing Lifestyles in Developed Countries Fuel the Demand for Nutraceuticals

A rise in the demand for nutraceuticals is propelled by the increasing awareness for nutritional diet in the developed countries. The U.S.A and Canada, cumulatively, lead the market in 2014 and is anticipated to grow steadily. In Europe, developed countries such as Germany, France, and the U.K have emerged as the key nutraceutical market. Factors such as rising health concerns, and increasing consumer awareness to avoid consuming on synthetic drugs and lead a healthy life are the major contributors to the growth of this market.

Highest Growth Rate in Global Nutraceutical Market Makes APAC Full of Opportunities

While, developed countries are major contributors to the global nutraceutical market, developing countries in the APAC region such as India and China have witnessed growth in the affluent middle-class population, who are shifting towards awareness for nutritional diet. Factors such as the change in lifestyles and increase in income level have enabled them to buy dietary supplements, functional foods, and health drinks. APAC comes second in terms of market share and fastest in terms of growth rate. 


Nutraceuticals Become Alternative to OTC Drugs and Prescription

The extra health benefits offered by nutraceuticals act as an immunity booster. This quality of the nutraceuticals, per se, help in fighting many acute diseases. The herbal products in the range of nutraceuticals act as a replacement to the OTC Drugs. Nutraceutical ingredients include probiotics and prebiotics, Omega 3, amino acids, fibers, minerals, proteins, structured lipids, vitamins, and various other ingredients. These ingredients help in increasing the metabolism rate, which reduces the necessity of medicine intake.

Thursday, 7 July 2016

Food Service Equipment (Commercial Refrigeration) Market Driven by Increasing Demand from Emerging Economies

Commercial refrigeration is a crucial part of any food service, as it allows the vendor to keep the food fresh before selling it. The major driver for the global food service equipment (commercial refrigeration) market is the increasing presence of the hospitality industry. With the increasing availability of urban infrastructure in developed regions and the increasing disposable income of consumers, the hospitality industry is experiencing steady growth all over the world. The increasingly hectic lifestyle of urban consumers is also forcing them to eat out regularly, which is another factor driving the demand for commercial refrigeration services.

Technological Advancement in Food Service Equipment Drives Demand

The advancement in refrigeration technologies over the last few years has also helped the global commercial refrigeration market immensely. The cost-effectiveness of food service equipment has become increasingly important for the hospitality industry due to its direct impact on the company’s profit margins, driving the demand for advanced commercial refrigeration products.

Research Report: http://www.transparencymarketresearch.com/food-service-equipment.html

High Installation Costs Restrict Use of Food Service Equipment
However, the prohibitively high capital investment required to install top-notch food service equipment has restrained the growth of the global market. While large international players can afford to install advanced commercial refrigeration services, new players have to make do with older technology. This is a key restraint on the global food service equipment market, but is likely to be ameliorated over the forecast period.

Walk Ins Dominate Global Commercial Refrigeration Market

Walk ins held the largest share in the revenue of the global food service equipment market in 2014. Walk ins are preferred by vendors due to the higher convenience they provide to customers and accounted for close to one million commercial refrigeration units in 2013. Even though walk ins are expected to remain the leading segment of the global commercial refrigeration equipment market till 2020, the beverage dispensers segment is likely to exhibit the highest growth rate of all product segments. Other major product types in the global commercial refrigeration market include ice machines, glass door merchandisers, refrigerated vending machines, commercial fridges/freezers, ice cream cabinets, and blast freezers.

Sunday, 3 July 2016

Edible Insects Market Driven by Rising Awareness of Environmental Hazards of Conventional Livestock Farming

The global edible insects market has gained increasing demand in the last few years due to the growing awareness of the hazards of conserving the traditional nonvegetarian diet. Chicken, cattle, pork, and mutton are among the most widely consumed types of meat around the world. However, raising the respective animals for consumption is a highly resource-intensive process and has the potential to harm the environment severely. The growing awareness of this threat is a major driver for the global edible insects market.

High Efficiency of Insect Production Drives Global Edible Insect Market

Conventional livestock animals such as cattle and chicken are advanced organisms, resulting in an inefficient conversion of animal feed into proteins. In contrast, the relatively primitive nature of insect biology means that a much higher percentage of the feed is converted into proteins, since other biological systems are relatively less complicated in insects. The amount of protein generated from insects with 1 kg of animal feed is 12 times that of the amount generated from cattle from the same volume of feed. This is a key driver propelling the global edible insects market, since the amount of arable land on which conventional livestock animals can be raised is decreasing.


High Production of Pollutants in Conventional Livestock Farming Drives Edible Insects Market

Conventional livestock animals, which are much larger than insects and have much more developed herd instincts, need a lot more land than edible insects. In times of increasing food scarcity, the availability of fertile land is becoming a major global concern, casting a shadow on traditional livestock farming. Edible insects can be raised in much smaller enclosures due not only to their smaller size but their absence of advanced herd instincts, which means they don’t need nearly as much individual space as other livestock animals.

Raising livestock animals also results in a much higher consumption of water than with edible insects. The high production of greenhouse gases in livestock farming is also a major driver for the global edible insects market. The pollution caused by livestock animals is thought to be worse than cars in the global perspective. Edible insects, which do not cause as much environmental pollution and require much less water, are thus gaining demand across the world.

Tuesday, 21 June 2016

Demand for Demineralized Whey Powder Ingredients Grows as Consumer Awareness and Acceptance Rise

Demineralized whey is a free-flowing, yellowish powder that has no discernible foreign odor. This powder is made from fresh pasteurized whey and is a commonly used ingredient for a number of applications in the food industry, including chocolates, confectionery, bakery, desserts and ice creams, and dairy drinks. One of the most significant applications of demineralized whey, however, is infant and baby formula and it is the growing demand for infant formula that is primarily driving the global market for demineralized whey powder ingredients.

How is the infant formula application segment single-handedly driving the market for demineralized whey powder ingredients?

Demineralized whey powder ingredients are being increasingly used in the production of infant formulas since the proportion of lactose, protein, and essential minerals is as close as it can possibly get to the composition of breast milk. The surging birth rates across the globe, combined with the ever-rising demand for infant formula, especially in developed and developing regions, have significantly impacted the demineralized whey powder ingredient market.

Realizing the potential this application segment presents, a number of leading players in the market have shown a remarkable rise in interest. Surrey-based Dairy Crest’s partnership with New Zealand dairy giant Fonterra; the expansion of German dairy company Hochwald’s new production plant in Hunfeld, central Germany, to increase its supply of demineralized whey powder ingredients to the global baby and infant food industry; and Fonterra setting up a whey processing plant in the Netherlands to cater to the growing demand for children’s milk formula in China are just some of the major developments within the infant formula segment of the demineralized whey powder ingredient market.


What is the outlook of the Asia Pacific demineralized whey powder ingredients market compared to the trajectory of the global market?

The global demineralized whey powder ingredient market comprises Europe, North America, Asia Pacific, and the Rest of the World. Western Europe and North America are two of the most mature markets for demineralized whey powder ingredients at present owing to higher levels of consumer awareness about the significance and benefits of whey and the increased level of technological sophistication in most whey processing facilities.

The Middle East and Africa region reportedly holds immense potential when it comes to the demineralized whey powder ingredient market. This can be attributed to the rising demand for packaged and convenience foods and the increasing investments by companies in the form of technological advancements in whey processing units. The Asia Pacific demineralized whey powder ingredient market is poised for strong growth over the next few years with a surge in the demand for low-calorie and protein-rich foods. The growing consumption of packaged foods, consistent promotional activities to further the use of demineralized whey powder ingredients, and the rising focus of large players in the lucrative markets of China, Japan, and India are all likely to contribute toward the expansion of the Asia Pacific demineralized whey powder ingredient market.

What are some of the key strategies adopted by companies in the demineralized whey powder ingredient market?

Some of the most prominent players competing in the global market for demineralized whey powder ingredients are Kaskat Dairy, Eurosérum, SPX Corporation, Senel (Holding) B.V., Dairygold Food Ingredients, Valio Ltd., Van Lee Melkprodukten Barneveld BV, and Dairy Crest. Most companies have been looking to expand their product portfolio in the demineralized whey powder ingredient market in order to stay competitive and to cater to the changing needs of the consumers.

In addition to this, companies have also been focusing on strengthening their global presence and partnering with other industry participants for the development of innovative products and ingredients.

Monday, 6 June 2016

Multifunctional Food Ingredients Market Dominated by North America, Europe

Multifunctional food ingredients are additives added at various stages in food manufacturing. They function as alternatives to natural ingredients present in the food and replicate their physical characteristics while eliminating the threat these ingredients pose to some consumers. Gluten and fats are among the natural food ingredients most commonly replaced by multifunctional food ingredients, due to the growing prevalence of celiac disease and the growing demand for low-fat food.

Apart from eliminating the biological risk posed by natural ingredients, multifunctional food ingredients also help increase the shelf life of various food products, which is another major driver for the global multifunctional food ingredients market. Multifunctional food ingredients can replace the ingredient that undergoes the decomposition process and initiates the spoiling of the food. The dynamic and proactive regulatory framework of the food and beverage industry has also helped the global multifunctional food ingredients market, as ingredients that don’t comply with regulations can also be replaced by multifunctional food ingredients.

North America, Europe to Dominate Global Market due to Availability of Advanced Food Processing Technology

The global market for multifunctional food ingredients was dominated by North America and Europe in 2015 due to the presence of sophisticated food processing systems in the regions. The early adoption of advanced technology and the rising demand for food safety from an increasingly health-conscious population are the prime drivers expected to propel the market for multifunctional food ingredients market in North America and Europe in the coming years.

Due to the presence of technologically advanced food processing and research infrastructure, North America and Europe are also major hubs for key companies in the global multifunctional food ingredients market. This is another factor expected to drive the North America and Europe markets for multifunctional food ingredients in the coming years.

Tuesday, 31 May 2016

Global Vitamins and Herbal Dietary Supplements Market to be Driven by Growing Demand for Indigenous Medicine

The top performing products in the U.S. dietary supplement market are exhibiting double-digit growth rate thanks to heightened consumer focus on health, improved industry regulation, and industry trends that are focused on globalization.

How safe are herbal dietary supplements?

The manufacture of herbal dietary supplements is regulated by the FDA in the United States, but is not subject to the same scientific scrutiny or regulations as food or drugs. For instance, herbal supplements manufacturers are required to follow good manufacturing practices in order to ensure that supplements are processed under uniform conditions and meet quality standards but they do not need approval from the Food and Drug Administration (FDA) before launching their products in the market. 


Nevertheless, the FDA regulates both dietary ingredients and finished dietary supplements. The FDA oversees dietary supplements under a different set of mandates than those that cover conventional foods and drugs. These are regulated under the Dietary Supplement Health and Education Act of 1994 (DSHEA), which states that:
 
  • Dietary ingredients and dietary supplements that are adulterated or misbranded are prohibited to be marketed by product manufacturers and distributors.
  • FDA is responsible for taking action against any misbranded or adulterated dietary supplements after it is introduced in the market.

What are the core factors driving the growth of the vitamins and herbal dietary supplements market?

The demand for safe and naturally derived curative options persists among consumers. Consumers are more inclined towards the purchase of herbal products combined with government support for promoting the use of traditional medicine. For instance, Traditional Chinese Medicine (TCM), Ayurveda, and several other indigenous medicines are increasing their impact. Furthermore, the rising healthcare cost is also favoring the growth of the vitamins and herbal dietary supplements market as consumers are seeking alternate options for medical conditions.

There are several reasons for taking vitamin supplements, such as over-the-counter multivitamins. As per the American Academy of Family Physicians (AAFP), vitamin supplements are recommended to be taken for:
 
  • Certain health conditions.
  • Individuals who eat a vegetarian or vegan diet.
  • Pregnant or breastfeeding women.
Are herbs and botanicals regulated by legislations in the European Union?

Yes. Traditional herbal medicines for human use are as much regulated as pharmaceutical products. A simplified registration procedure for the pharmaceutical legislation of traditional herbal medicinal products was introduced in 2004 that overcame the difficulties encountered by the member states earlier. The objective of the simplified registration procedure is to safeguard public health and eliminate misinterpretations and uncertainties about traditional botanical products that existed among the member states and allow the free movement of these products by introducing harmonized rules in the region. This has reverberated in the form of increased sales of herbal supplements and botanicals and many new companies have entered the dietary supplements space.

The vitamins, minerals, and health supplements market is highly fragmented and has immense opportunities for mergers and acquisitions. In recent years, both pharmaceutical companies and makers of consumer packaged goods (CPG) are gearing up to expand their consumer health division, which suggests that acquisitions in this space will continue to happen.

Monday, 30 May 2016

Global Market for Ready to Eat Snacks to be Driven by Convenience and Affordable Costs

In the last few years, ready to eat snacks have been gaining immense popularity among various age groups across the globe. Ready to eat snacks are products of all varieties that are chilled or frozen and can be prepared in minimal time. Ready to eat snacks are mostly prepared by adding water or by frying them. The growing popularity of these products has encouraged several manufacturers to introduce innovative and new products to attract new consumers and gain the competitive advantage in the market. The ready to eat snacks market offers diverse products such as corn specialties, potato specialties, meat specialties, and others.

In this blog, Transparency Market Research has offered answers to several questions concerning the growth factors and opportunities of the global market for ready to eat snacks.

What are the major factors propelling the ready to eat snacks market worldwide?

Ready to eat snacks have been gaining traction in recent years due to the hectic lifestyle of the global population, who often have insufficient time to prepare food at their home. In addition, the increasing number of working women is adding to the demand for ready to eat snacks across the globe. Furthermore, the variety of products available in the global market has been attracting more consumers, fueling the growth of the global market for ready to eat snacks. The unique selling preposition of ready to eat snacks is the convenience they offer.

What are the key strategies adopted by the leading players operating in the global ready to eat snacks market?

The major players engaged in the ready to eat snacks market are spending an enormous amount on marketing and advertising campaigns to boost the sales of their products. Furthermore, some of the leading players, such as Tyson Foods, Blaine Larsen Farms, Inc., McCain Food Limited, and ConAgra Foods, Inc. are taking proactive efforts to introduce innovative products and concentrating on their presentation and packaging. All these strategies are expected to help the players in expanding their horizon and creating a niche for themselves in the global market.


What are the barriers faced by the leading players while operating in the ready to eat snacks market?

Ready to eat snacks offer convenience to the consumers, but at a cost. The nutritional value of these products is quite low, which may affect the health and well-being of the consumer. As a result, the growing awareness regarding healthy lifestyles and diets is one of the key factors projected to hamper the growth of the ready to eat snacks market in the next few years.

What are the major factors on which market players should emphasize in order to tackle the challenges?

Innovation and expansion of the product portfolio are the key factors for companies in the ready to eat snacks market worldwide. The inclusion of healthy foods in ready to eat products and offering baked products instead of deep fried snacks holds potential opportunities for the major players operating in this market.

Monday, 16 May 2016

Increasing Food Retractions Catalyze Advancement of Improved Safety Technologies in Food Safety Testing Market

About 48 mn people are diagnosed with some kind of sickness, 128,000 get hospitalized, and 3,000 die each year from some kind of foodborne disease globally, as per recent data collected from the Centers for Disease Control and Prevention. Food supply on the global level is witnessing a continuous threat and accurate testing products that will ensure food safety are being highly demanded. Microbial pathogens such as viruses, bacteria, environmental toxins, residues of drugs, agricultural chemicals, and food allergens and adulterants may harm consumers if there is a lack of proper checking. Pathogen testing is the leading segment of the food safety products and food safety testing market.

Transparency Market Research (TMR) provides answers to a number of questions that may prove useful for upcoming players looking to invest in the market for food safety testing.


Q. What are the current key technologies gaining attention in the market?

The food safety testing market is emphasizing on technologies that are customizable and low-cost, enable rapid detection, and provide source identification. Key technologies involving the physical separation of contaminants, protection and packaging coatings, biosensors, and non-thermal and thermal interventions have been accepted within the food safety testing market. Hence, the requirement is to make more reliable, user-friendly, and precise materials and technologies offering the aforementioned properties. It has been observed that nanotechnology and nanomaterial-based technologies are gaining traction for carrying on swift pathogen testing.

In addition, a number of key sustainable technologies such as edible pathogen detection composition or edible coatings are predicted to gain dominance in the market beyond 2022. Furthermore, opportunities for the food safety technologies market are predicted to arise in hands-free wearable devices, rapid pathogen detector sensors, nanocomposite packaging, and smartphone mobile applications.

Q. What factors have brought about innovations in the food safety testing market?

The major drivers responsible for the increasing innovations in food safety are the strict requirements for food safety and quality being imposed by large fast food restaurants globally. This market is successful owing to the ability of large buyers of meat who enforce standards through process audits and testing. In addition, the increasing international trade also results in increased innovations in food safety. The demand from foreign buyers for high safety standards in testing products and the premium prices paid by these buyers will boost the overall innovation in food safety. Residue limit testing, labelling restrictions, and export and import testing will also result in new and improved testing methods by food laboratories to keep up with the volatile applicable laws.

Q. What are the key challenges that the market for food safety testing may experience?

Confusion over food regulations and standards amongst nations has created a lot of difficulty in establishing global food safety norms and has created uncertainties about the reliable set of food safety products to be adopted. In addition, the soaring cost of food safety technologies has also emerged as a key challenge for the market.

The Beauty Pill Promise: What Makes the Global Nutraceuticals Market Tick?

Hippocrates, famously known as the father of medicine, had once said “Let food by thy medicine and medicine by thy food.” This belief has been forwarded from generation to generation amidst the growth of medicine, which then evolved into the massive healthcare and pharmaceuticals industries. In this expansive period of time, the term “nutraceuticals” was coined in 1989, a fairly recent age. And as with anything new introduced into the world, the global nutraceuticals market is surrounded by opinions, both good and bad.

The essence of nutraceuticals lies in the Hippocratic quote itself, as these products claim to improve an individual’s beauty and well-being from within. Instead of using the numerous beauty products on the skin, one could ingest nutraceuticals to become healthy from within and consequently enhance their looks and lives.

Transparency Market Research analysts answer the top questions that players in the nutraceuticals market need to ask:

Are Nutraceuticals Going to Replace Beauty Products?

To answer this question, let’s take a look at the statistics first. The global nutraceuticals market is expanding at a CAGR of 7.3% from 2015 to 2021, according to Transparency Market Research. This market was already valued at US$182.6 bn in 2015, which means that it can go up to US$278.95 bn by the end of 2021. These number do speak of a market that holds a high preference and demand among consumers, something which is still showing signs of cumulative increment. Now, the global nutraceuticals market can be divided into four major segments according to product type: functional foods, functional beverages, dietary supplements, and personal care. The segment of functional foods is already dominating this market, and is still expanding at a 7.1% CAGR from 2015 to 2021. Its growth rate is topped by only the functional beverages segment.

Comparing that with the segment of personal care and pharmaceuticals, and then comparing the latter with the huge cosmetics market, it is apparent that nutraceuticals will not completely replace conventional beauty products. They are, however, gaining preference despite the skepticism surrounding this market. Consumers seem to appreciate the idea of improving their appearance from within. There are already major personal care and beauty products companies such as Sephora and Cargill who are marketing beverages and pills that are filled with nutrients and minerals that claim to improve health and appearance. Laced with things like collagen, these personal care nutraceuticals make the promise of imparting a glowing skin and anti-aging properties.


Are Developed Economies the Only Targets for Global Nutraceuticals Players?

It appears to be the case for now. The global nutraceuticals market is still in the process of gaining a bit of healthy competition and better manufacturing processes will allow the companies to make significant reductions to their products prices. Till then, nutraceuticals will remain somewhat of a luxury commodity largely restricted to the developed economies that already show a higher expenditure rate on wellness products and other similar consumer goods. The proliferation of major nutraceuticals brands into regions such as the Rest of the World is not too far off though.

North America was the leading region in the global nutraceuticals market for 2014, owing to strong demand within the U.S. Europe is showing a rapid growth in the demand for nutraceuticals over Asia Pacific, which has been the second-largest market region for functional foods and dietary supplements. Europe is showing a much higher affinity for healthy food and beverage products, while Asia Pacific is showing high demand owing to its sheer consumer population density and the rapidly improving economies of India and China.

Will High Product Prices Continue to Hamper this Market?

Not permanently. Currently, it does hold true for most segments of the global nutraceuticals market that high prices of products will continue to restrict the consumer spectrum of most brands. These prices are likely to increase in the near future, further restricting the overall growth of the market. Add to that the lack of awareness among even a consumer demographic that can afford these products, which creates a very limited scope for sales and penetration for the global nutraceuticals market.

However, there are solutions for this already in effect. Advancements in technology are allowing for faster and more efficient production rates, helping manufacturers keep the prices to as low as they can for now. The global nutraceuticals market is also one of the primary facets of the growing movement among consumers that are migrating towards organic and healthy products. The market is further boosted by a growth in the spending power of consumers across developing economies.

All in all, the scope of the global nutraceuticals market does appear to be positive. Most of the top players, such as Nestle S.A. and Archer Daniels Midland Company appear to be aware of the problems that restrict this market and are employing several strategies to counter any fall in consumption rates. It would be valuable to understand these strategies for a better scope in the global nutraceuticals market.

Tuesday, 12 April 2016

Introduction of New Products to Augment Growth of Non-alcoholic Drinks Market

Non-alcoholic drinks, also known by the name of virgin drinks, are beverages that comprise less than 0.5% alcoholic content in terms of volume. Some of the common non-alcoholic drinks are non-alcoholic wine and non-alcoholic beer. Apart from these, bottled water, juices, soft drinks, ready-to-drink coffee and tea, dairy drinks, and energy drinks are some of the widely consumed non-alcoholic drinks across the globe. In 2013, soft drinks accounted for the largest share in the non-alcoholic drinks market; however, the tea and coffee segment is anticipated to grow at a fast pace in the coming years.

According to a study by Transparency Market Research, in 2013, the global market for non-alcoholic drinks was worth US$135.2 bn and is estimated to reach a value of US$193.7 bn by the end of 2020, exhibiting a 4.30% CAGR between 2014 and 2020. In terms of volume, in 2013, the global market for non-alcoholic drinks stood at 912.77 bn liters and is projected to be 1,289.03 bn liters by the end of 2020, exhibiting a 4.90% CAGR between 2014 and 2020.

Growing Health Awareness to Hamper Growth of Non-alcoholic Drinks Market

The increasing disposable income in developing economies and changing consumer lifestyle are some of the major factors that are estimated to boost the demand for non-alcoholic drinks in the near future. In addition, the growing demand for a mix of energy, flavor, and hydration is expected to fuel the growth of the market. Moreover, the introduction of several no-sugar and no-preservative non-alcoholic drinks is estimated to drive the global market for non-alcoholic drinks.

Nevertheless, growing health awareness among the population is estimated to curb the growth of the market in the coming years, due to the increasing awareness about the ill effects of overconsumption of sugar. However, the increasing participation of players is expected to fuel the growth of the market in the near future.

Asia Pacific Non-alcoholic Drinks Market to Witness Rapid Growth due to Increasing Disposable Income

Among the major regions, North America and Europe are facing a major concern over the growing prevalence of obesity, which is directly related to the increased consumption of artificially sweetened and sugary drinks. As a result, several non-alcoholic drinks have been introduced in the market to offer low-calorie and no-sugar drinks to the consumers. On the other hand, the Asia Pacific market is predicted to register a high growth rate in the coming years owing to the growing disposable income of consumers and rapid urbanization in this region.

The growing demand for non-alcoholic drinks has attracted several players to the global market for the same. Thus, in the next few years, many new players are projected to be a part of the non-alcoholic drinks market and offer new products in order to create a niche and attract consumers. Some of the prominent players leading the global market for non-alcoholic drinks are Dr. Pepper Snapple Group, Inc., Dydo Drinco, Inc., Attitude Drinks, Inc., Nestlé S.A., PepsiCo, Inc., LiveWire Ergogenics, Inc., A.G. Barr, plc., The Coca-Cola Company, Danone, and Calcol, Inc.

Wednesday, 30 March 2016

An Overview of Global Beer Market from a Regional Perspective

Consumption of beer can be traced back to over six thousand years. From being an inseparable part of the ancient Egyptian civilization to becoming a highly popular commonplace drink, consumed by all social classes in several countries, beer has come a long way. The global market for beer is projected to exhibit steady growth over the coming few years, thanks to the rising consumption and popularity of the drink in some of the major regional markets.

A brief overview of some of the major drivers of the beer market in key regional markets is as follows:

Post-depression Financial Recovery in Europe

Europe is home to several local breweries apart from major manufacturers of beer. The market for beer in Europe, beer being one of the most popular alcoholic beverages in the region, is well established and has been exhibiting steady growth over the past years. Factors such as rising disposable incomes post the recent economic depression in the region and the rising awareness about the health benefits of beer, which include prevention of kidney stones, lowering of cholesterol and curing insomnia when beer is consumed in stipulated amounts, are also boosting the market for beer in the region.

Introduction of Organic Beer in Middle East and Latin America

Middle East has always been a tough territory for all alcoholic beverage markets. Prohibitory rules  on the consumption of alcoholic beverages implemented by several established religious and government bodies are major restraints for the beer market in the Middle East. Egypt and UAE held a dominant share of over 40.62% in the Middle East beer market. The consumption of alcoholic beer is much less in most other Middle Eastern countries. Nevertheless, the introduction of organic beer and the rising awareness regarding health benefits of the drink will fuel demand from the market in the near future.

On the other hand, Latin America has no such restrictions and thus has a larger consumer base for beer. Suitable climatic conditions and the rising awareness regarding health benefits of beer are expected to further boost the demand for beer in Latin America in the next few years. 

Rising Disposable Incomes in Asia Pacific

The rising demand for beer in Asia Pacific can be primarily ascribed to strengthening economies and rising disposable incomes of working class consumers in the region. As more consumers are willing to spend on high-end alcoholic beverages either in restaurants or at home, the demand for beer in the region has seen significant rise in the past few years. The beer market in Asia Pacific has also observed significant rise in demand in the past few years owing to the rising number of malls, convenience stores, bars, restaurants, and liquor shops across the region.

Some of the major restraints hampering the beer market in Asia Pacific are the several government restrictions pertaining to alcohol content in a variety of beverages and complete ban on the sale of alcoholic beverages across several regions or during some occasions. These factors, however, will not excessively impede the market for beer in Asia Pacific and the market is projected to expand at a healthy 5.0% CAGR between 2014 and 2020.

Wednesday, 23 March 2016

Ability to Increase Shelf Life Ensures Bright Future of Specialty Ingredients Markets

Specialty ingredients are used in foods and beverages, health and nutrition, as well as in cosmetics and personal care products, to add a specific benefit to the core recipe of the product, making it advantageous to both the consumers and the manufacturers. The benefits that specialty ingredients provide include improved taste, enhanced texture, longer shelf life, more nutrition, and better visual appeal, among several others.

Specialty Ingredients Market to Exhibit 6.60% CAGR 2015-2021

Major specialty ingredients used in food and beverages include:

1.    Corn Sweeteners     
2.    Crystalline Fructose
3.    Citric Acids
4.    Enzymes
5.    pH Control Salts
6.    Proteins
7.    Flavors
8.    Flavor Enhancers
9.    Fats and oils
10.  Soy Protein
11.   Vegetable Proteins
12.   Bioactives
13.   Colorless Fiber
14.   Flavorless fiber
15.   Preservatives and Antioxidants
16.   Vitamins and Minerals
17.   Textureless Fiber
18.   Starches
19.   Food acids
20.   Emulsifiers

The specialty ingredients market is expected to exhibit a CAGR of 6.60% in the period from 2015 to 2021, according to a report published by Transparency Market Research. The growth of the market is attributed to the increase in demand for personal care products, the growing food and beverages sector, and the growing health awareness among the global population.

Avoiding Food Wastage by Use of Specialty Ingredients

Specialty ingredients such as salts, acids, antioxidants, flavors, flavor enhancers, citric acid, starch, vinegar, and corn syrup solids are used in a variety of foods and beverages to increase their shelf life as well as to preserve their freshness, flavor, and nutrients. This helps in avoiding wastage of food due to bacterial growth, souring of dairy products, and deterioration of food in general. Foods and beverages are prone to rotting or perishing due to a combination of high temperatures and humidity, which are conditions conducive to the growth of microbial cultures. As such, the inclusion of specialty ingredients in foods and beverages to increase their shelf life has saved a large quantity of food products from being discarded. In fact, two or more specialty ingredients are used in some food products to enhance the food quality and protect it.

Similar to increasing the shelf life of food products, many of the leading manufacturers of specialty ingredients are focusing on developing and introducing specialty ingredients that can be used to increase the shelf life of personal care products.

Growing Demand for Natural Specialty Ingredients in Personal Care Products

An increasing number of people are obsessed about reversing the aging process and maintaining a younger looking skin. Thus, there has been a growing demand for anti-aging products. As more and more people are becoming aware of the negative effects of chemicals used in skin care products to show quick results, the demand for safer replacements is growing. Consumers are demanding the use of natural specialty ingredients such as antioxidants, additives, antimicrobials, and others as opposed to harsher chemicals. Thus, synthetic specialty ingredients are being replaced by the use of natural specialty ingredients, especially in India, Indonesia, South Korea, and China.

Monday, 7 March 2016

Rising Perception of Organic Food as Healthy Food Drives Global Organic Food Market

The word organic refers to a particular way farmers can cultivate and process agricultural products such as fruits, vegetables, grains, meat, and dairy products. Designed to encourage soil and water conservation, organic farming involves practices by which pollution can be reduced. This is achieved by making use of natural fertilizers as opposed to chemical ones and using crop rotation or mulch to manage weeds, unlike the conventional methods used to control the growth of weeds. Organic foods are produced using animal and environment friendly farming methods.

According to Transparency Market Research, the global organic food market had a valuation of US$70.7 bn in 2012. Exhibiting a robust 15.5% CAGR from 2013, the market is expected to rise to a valuation of US$187.8 bn by 2019.

Recognize Authentic Organic Food

Organic foods are foods that are produced by methods that comply with government standards laid down by the U.S. Department of Agriculture or USDA. These standards regulate how food items are grown, processed, and handled. Any food product or beverage labeled as organic must be USDA-certified. The goal of the organic regulatory bodies is to monitor and control farming practices and the way food is produced, in order to decrease the contamination of food and to improve the quality of food or beverages. If any food or beverage product bears a USDA Organic label, the product is organic.

Don’t Get Confused between Natural and Organic

Most of the health-conscious population refers to organic food as being natural food and uses the terms interchangeably. However, this is not how it is. Organic food comprises food and beverages that use ingredients grown and processed in a particular way regulated by the USDA organic standards, and natural foods simply mean that the food or beverage has not been altered chemically or synthesized in any form, and does not contain hormones, antibiotics, and artificial flavors.

What Makes Organic Meat and Poultry Different?

Organic meat and poultry is meat that comes from livestock fed on organically produced forage and agricultural products. In organic poultry farming, animals are not administered growth hormones, vaccines, and synthetic feed additives. They are not exposed to synthetic parasiticides, and are bred in a clean and sanitized environment, where they enjoy freedom of movement, thereby suffering minimal stress.

Health Benefits of Organic Food and Beverages

Although there has been no evidence that organic foods and beverages are healthier and more nutritious than non-organic food and beverages, the market for organic food and beverages is soaring due to the increased belief among people that organic food is safer, since there is no involvement of synthetic chemicals in their production. Moreover, choosing organic foods and beverages can reduce the risk of consuming heavy toxic metals and increase the intake of desirable antioxidants and omega-3 fatty acids.


Popular Organic Beverages

Organic tea and coffee and other non-dairy beverages are quite popular among people. According to a report published by Transparency Market Research, a market intelligence firm, the organic tea and coffee, and non-dairy beverages segment accounted for 75% of the global organic beverages market. Due to the lack of new product development, however, the market for these beverages remains stagnant, as they have been in the market for quite some time now. However, the beer and wine segment of the organic beverages market is anticipated to grow at a CAGR of 24.5% and lead the market for organic beverages.

Friday, 4 March 2016

Food Safety Products and Testing Market Rising due to Increasing Outbreaks of Foodborne Diseases

Food safety products and testing play a vital role in ensuring the safety of various food products. Food safety products can be of various types, depending on the contaminant against which they are used. The global market for food safety testing and products has received a strong boost in recent years from the growing incidence of outbreaks of foodborne diseases. The high technological refinement achieved by companies operating in the field of food safety products and testing and the consequent increase in consumer awareness and confidence have also helped the global food safety products and testing market massively.

According to Transparency Market Research, a leading market intelligence firm, the global market for food safety products is expected to rise at a CAGR of 8.6% from 2010 to 2018, while the market for food safety testing is expected to exhibit a CAGR of 8.5% in the same timeframe.

Disinfection Products, Pathogen Testing Segments Lead Respective Markets

Among the various products in the global food safety products market, the segment of disinfection products took up a leading share of 43% in 2011. The market for disinfection products was valued at US$4.4 bn in 2010 and is expected to almost double in valuation at an 8.2% CAGR by 2018. Despite the unchallenged domination of the disinfection products segments, the segment of smart labels and tags is expected to exhibit the highest CAGR of all product segments – 9.1% from 2010 to 2018. Other major product segments of the food safety products market are diagnostic products, software tracking systems, and safety gloves.

Within the food safety testing market, pathogen testing is the dominant category, with a 34% share in 2011. Pathogens are abundantly present in commonly consumed food products such as dairy and meat products, leading to the high demand for pathogen testing. Salmonella emerged as the dominant pathogen type, with around 42% of food safety tests conducted to detect pathogen activity being aimed at preventing salmonella outbreaks. Listeria is the second largest pathogen segment, while testing for E. coli is expected to increase at the highest CAGR in the coming years.

Rising Demand for Processed Food Boosts Food Safety Testing Market

Processed food was the most tested food type in 2011, with 36% of all food safety testing taking place on processed food. The rising globalization of the food trade and rising preference for Western foods in developing Asia Pacific and African markets are responsible for the high demand for testing of processed food.

Dairy products are the second largest consumers of food safety testing, with a 22% share in the global food safety testing market in 2011. The rising consumption of milk around the world and increasing export of more durable dairy products have led to rising demand for food safety testing in the dairy trade.


Stringent Regulations Drive Europe Food Safety Products and Testing Market

The Europe market for food safety products and testing accounted for 34% of the collective revenue in the global market in 2011. The stringent food safety protocols put in place in several European countries are responsible for the high share of the Europe market for food safety testing and products. However, the rising import and production of various food products in Asia Pacific is expected to boost the regional market for food safety products and testing; Asia Pacific is expected to be the fastest-growing regional market for food safety products and testing till 2018.

Monday, 29 February 2016

Increase in Health Concerns Boosts Global Low-calorie Food Market

According to the WHO, 1.5 mn deaths are directly associated with diabetes each year. WHO statistics from 2014 also show that 13% of adults around the world were suffering from obesity and 39% of adults were found to be overweight. Wrong food habits and high calorie intake are the prime reasons why an increasing number of people across the globe suffer from ailments such as diabetes and obesity. Thanks to the availability of low-calorie food, there is still hope for preventing obesity. Low-calorie food uses artificial sweeteners in place of sugar, thus developing the same amount of sweetness, but without the use of sugar. The increasing awareness among people about health issues and the rising incidence of diabetes and obesity have together shaped the global market for low-calorie food.

Transparency Market Research (TMR), a leading business intelligence firm, in its recent report, mentions that the global market for low-calorie food is set to expand at a CAGR of 5.9% for the period from 2014 to 2019, reaching a total market value of US$10.4 bn by 2019. The modern-day lifestyle, in which junk food is being consumed more than ever, has given rise to the high incidence of obesity, which consequently often leads to diabetes, propelling the demand for low-calorie food. Consumers are increasingly beginning to view low-calorie food as a feasible way to combat and even prevent obesity and diabetes, thus fueling the low-calorie food market.

High Prevalence of Obesity in Developed Nations Boosts the Market for Low-calorie Food

Obesity is rampant in developed nations such as the U.K., the U.S., and Australia, where 20% of the population suffers from obesity. The increase in the disposable income among the people in developed nations allows them to conveniently stock up a wide variety of low-calorie food, thus stimulating the market for low-calorie food.

Growing Interest from Industry Participants Drives Low-calorie Food Market

Consumers have, in recent years, become increasingly health-conscious and more aware about the consequences of having sugary food and beverages. An increasing number of consumers prefer and demand low-calorie salad dressings, dairy products, low-calorie beverages, and sugar-free chewing gum. This demand from the consumers has compelled the participants of the food and beverages industry to make healthier food, driving the market for low-calorie food.

Evidence of Artificial Sweeteners Being Unsafe Restrains Low-calorie Food Market

Contrary to the popular belief that low-calorie foods and beverages help lose weight and prevent diabetes, an increasing amount of evidence shows that artificial sweeteners such as aspartame can cause weight gain, affect the blood glucose level, and even interfere with insulin response. The growing evidence of artificial sweeteners being unsafe is a major challenge faced by the low-calorie food market.

Another factor that can restrain the market for low-calorie food is the high price of low-calorie food. This is especially true for APAC and RoW, making it difficult for market players to expand their operations in these regions.