Chickpeas Market Growth Analyzed in a New Study 2019 - AGT Food & Ingredients Inc., OLEGA S.A., Alberta Pulse Growers Commission, Indraprasth Foods Ltd

Chickpeas belong to the legume family. Chickpeas is also known as garbanzo beans, ceci beans, Bengal gram, gram, etc. Chickpeas is generally pea-shaped and beige-colored. Chickpeas are mostly consumed in Middle-East, South-Asia, and Mediterranean. The two most important variety of chickpeas are the Kabuli type which is large and light-colored, and another is desi type which is dark-colored. Chickpeas are rich in protein, nutrition and are also high in fiber. Chickpeas are also available in a dried or canned form and do not lose its nutrients even in the canned form.

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Many restaurants and fast-food chains have also started using chickpeas as the main ingredient in their cooking. With the rise of health-consciousness among consumers, manufacturers have also started including chickpeas in various processed foods. Among various foods, hummus is one of the most popular dips or spread made of chickpeas. Hence, hummus is also being made using a variety of flavors with chickpeas as the main ingredient. Being the largest producer of chickpeas, many major market players are looking forward to expanding in India and other Asian countries to produce various food products with chickpeas as a major ingredient. Increasing number of people suffering from gluten sensitivity or celiac disease is also motivating restaurants to opt for gluten-free cooking with beans such as chickpeas.

According to a study by Fact.MR, the global market for chickpeas is likely to witness above-average growth. The market is projected to bring in US$ 10,679.6 million revenue towards 2022 end. Being one of the major ingredients of various Mediterranean, Middle Eastern, and Indian dishes, the demand for chickpeas is continuously rising. Moreover, manufacturers of processed foods are also using chickpeas for offering a variety of food products. 

Desi Chickpeas to Gain Maximum Revenue Share

Desi Chickpeas are projected to account for more than half of the share in terms of revenue by 2017 end. Desi chickpeas are also expected to create an incremental opportunity exceeding US$ 1,200 million between 2017 and 2022. Meanwhile, Kabuli chickpeas are also projected to witness steady growth throughout the forecast period.

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Dried Chickpeas to be the Most Preferred Form

Among various forms of chickpeas available in the market, dried chickpeas are likely to gain traction in the global market for chickpeas. Dried chickpeas are projected to surpass US$ 5,000 million towards 2022 end. On the other hand, fresh/green chickpeas are also likely to be the second most preferred chickpeas form.

Direct Consumption of Chickpeas to Witness Steady Growth

As compared to the various application of chickpeas in salads, snacks, hummus, and tahini, direct consumption is likely to experience steady growth. Towards the end of 2022, direct consumption of chickpeas is projected to exceed US$ 3,500 million value. Although the use of chickpeas in hummus and tahini is also likely to experience growth in the coming years.

Competition Tracking

The report also profiles companies that are expected to remain active in the expansion of global chickpeas market through 2022, which include Bean Growers Australia Limited, The Wimmera Grain Co., Pty Ltd, AGT Food & Ingredients, Inc., OLEGA S.A., Alberta Pulse Growers Commission, Indraprasth Foods Ltd, Mast Qalander Traders, and Sanwa Pty. Ltd.

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Dry Onion Market to Witness Increase in Revenues by 2017-2022

Dry onion is made by exposing onion to the heat at a very low level and all the moisture is removed to make it dry. The process of drying onion helps to preserve it for a long time. Dry onion is being used in a number of processed food products and non-processed food products like sauces, soups, salads, gravies, meats, seafood, etc. Although dry onions are slightly less pungent as compared to the fresh onion, they still add a great zing to many foods.  

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Along with enhancing the flavor, dry onions also provide various health benefits such as they are rich in potassium, magnesium, and calcium. Moreover, dry onion is also low in calories, fat, and sodium. Hence the majority of the people are shifting towards using dry onion as an essential ingredient in their cooking. Global food processing industries are also increasingly using adding dry onions in various foods. As fresh onions are seasonal in some of the countries, dry onion is proving to be an economical and effective technique to use onions even in off-seasons. Researchers are also focusing on finding various new methods to dry onions while maintaining its quality and taste.  

According to the latest report by Fact.MR, the global dry onion market is likely to experience strong growth. The market is projected to reach US$ 4,117.3 million revenue by 2022 end. Drying onions can help to preserve onions for a long time, hence the demand for dry onions in form of powder, flakes, and granules is increasing. Consumers are also using dry onions in place of fresh onions as they are easy to use and also offers health benefits.

Dry Onion in Form of Flakes to Gain Maximum Revenue Share
Flakes as one of the forms of dry onion is likely to experience strong growth. Accounting for nearly half of the share in terms of revenue by 2017 end, flakes are projected to bring in nearly US$ 2,000 million revenue. Although, powder form is also anticipated to experience impressive growth during 2017-2022.

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Air Drying to Emerge as the Highly Preferred Drying Process

Among all the other processes used to produce dry onion, air drying process is likely to be the most preferred process. Air drying process is projected to account for more than two-fifth of the revenue share on global revenue by 2017 end. Meanwhile, freeze drying process is also likely to experience steady growth in the next five years.

Culinary to Witness Strong Growth in the Global Dry Onion Market

Dry onion is likely to witness the largest application in culinary. Witnessing a healthy growth, culinary is projected to reach close to US$ 1,000 million revenue towards 2022 end.

Competition Tracking

The report also profiles companies that are expected to remain active in the expansion of global dry onion market through 2022, which include Kings Dehydrated Foods Pvt. Ltd, Murtuza Foods Pvt. Ltd, Vibrant Dehydro Foods Pvt. Ltd, Cascade Specialties Inc., Shreeji Dehydrate, Vibrant Dehydro Foods Pvt. Ltd, Foodchem International Corporation, Pardes Dehydration, and Daksh Foods.

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Fresh Onions and Shallots Market Will Make a Huge Impact in Near Future - T&G GLOBAL, Vladam, River Point Farms, Snake River Produce, Gills Onions

The allium family vegetable including fresh onions and shallots are being valued more than ever owing to their potential medicinal properties. Many studies and researches are being conducted around the world to find out more about the cancer-fighting properties associated with fresh onions and shallots.

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In a recently conducted study, researchers examined Ontario-grown red onions and its ability to kill cancer cells. The red inion variant was found have high amounts of anthocyanin- further enriching the cancer-fighting properties of Quercetin- a plant pigment that acts as an antioxidant, scavenging free radicals. Moreover, when Quercetin extracts from red onion were placed with in close contact with colon cancer cells, it created an unfavorable environment for cell growth, further leading to cell death. Researchers are hopeful of onions being sold in pill form as a natural treatment for cancer.

Codex Alimentarius’s New Work Proposal Would Ensure Quality Consumption of Fresh Onions and Shallots

Owing to the growing production and trade of fresh onions and shallot, globally, Codex Alimentarius is developing a set of global standards to assure consumers of safe and quality products. The food standards would be applicable to different varieties of onions and shallots, promoting fair trade practices in agreement with different international agreements. The proposal is anticipated to include all producing, exporting, or consuming countries and cover main aspects such as weighting, sizing, and proper labeling of onions and shallots. As per COMTRADE United Nations, throughout 2017, the export and trade value of onions and shallots was marked at US$ 11,287,534 and US$ 44,292, respectively.

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Fresh Onions and Shallot Producers Exploring Smart Production Option, Newer Product Hybrids

Owing to the growing global demand for good quality onions and shallot, farm owner and producers are exploring top quality seeds options to produce hybrid shallot variants—in the form of Maserati F1 and Tropix. Specifically made for the South East Asian market, these varieties are anticipated to fuel the production of healthy shallots from high quality seed. Sunions- marketed as America’s first ever tearless, sweet-tasting onion is growth primarily in Washington and Nevada. Developed after years of onion crossbreading, makers of Sunions have started using gas chemotherapy to identify least volatile onions and breed them for further mildness. Innovations like these are projected to drive the production and consumption of fresh onions and shallots, globally.

Onion by-products used for developing natural food ingredients, Medicinal products Will Expand Innovation Options

To derive value-added food formulations from less expensive ingredients having functional properties, food experts are using onion by-products considering its anti-browning and antioxidant properties. Other than food innovations, the healthcare industry too has been following value-addition trend to use onion by-products, pharmaceutically, owing to its anti-inflammatory, antioxidant and antibacterial properties.

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Competitive Landscape Analysis – Global Fresh Onions and Shallots Market

Fact.MR’s report titled ‘Fresh Onions and Shallots Market Forecast, Trend Analysis & Competition Tracking – Global Market insights 2017 to 2022’ provides a detailed competitive scenario analysis, assaying critical insights on the key market leaders, along with their company profiles, key product developments, key financials, and expansion strategies. Key market players identified in the report on global fresh onions and shallots market include Avantha Holdings Limited, T&G GLOBAL, Vladam, River Point Farms, Murakami Produce Company LLC, Snake River Produce, Gills Onions, and JC Watson Company. During the forecast, Fact.MR foresees key players focusing on offering variety, expanding the sweet onion category, and targeting the health-conscious consumers with health-based information displayed on packaging. With a merger in 2017, Murakami Produce Company and Baker Packing became one of the largest onion shippers in the United States. Snake River Produce, specializing in Spanish onions, invested in a 30,000-square-foot packing shed featuring automatic palletizers and a larger production base.

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About the Report – Global Fresh Onions and Shallots Market

Fact.MR, in its report on global fresh onions and shallots market, offers actionable insights for an assessment period of five years, from 2017-2022. The report includes key market dynamics anticipated to drive the market in the coming years. New product development (NPD) with a focus on sweet-tasting onions and facility expansion to cater to the growing demand for fresh onions and shallots will remain a key strategy among market leaders, through 2022. The global fresh onions and shallot market is anticipated to record a robust growth throughout the CAGR.

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Swine Feed Market Market Analysis - Worldwide Opportunities, Revenue, Production, Demand and Geographical Forecast To 2022

Swine feed plays an important role in raising pigs successfully. Most pig farm owners are investing heavily on swine feed to ensure supply of proper nutrition to pigs on a regular basis. Moreover, swine feed allows pigs to grow quickly as well as keeps their health at optimum levels by increasing immunity power and resistance to viral diseases. In modern pig farming, it is crucial to create a planned nutritional program for the pigs in order to have efficient swine production.

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Swine feed is prepared using ingredients such as soybean oil, corn, alfalfa barley, sorghum and canola, making it a potent source of nutrients.  For pigs to grow healthily, it is important that they receive vital nutrients such as vitamins, protein, minerals, carbohydrates and water.  Swine feed offers most of these nutrients apart from water. Besides, farmers have the flexibility to mix additional ingredients or rearrange the proportion of any particular ingredient present in the feed according to the requirement. This, in turn, allows farmers to create the best-possible diet for pigs for optimal growth.

Increasing consumption of pork across the globe is making a direct impact on the global demand for swine feed. At the same time, growing demand for high quality pork is also contributing to the global sales of swine feed. As per the latest report published by Fact.MR, the global swine feed market is set to register a steady growth between 2017 and 2022 to surpass a valuation of US$ 160,100 Mn. Growing awareness among farm owners regarding healthy pig diets is also reflecting favourably on the global swine feed market. There has been greater urgency to introduce high-quality and more effective animal feeds that improve the immunity of farm animals against enzootic disorders. In addition, arrival of premium-quality swine feed is anticipated to check the incidence rate of animal epidemics.

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APEJ at the Forefront of Global Swine Feed Market  

The market for swine feed is expected to remain highly lucrative in the Asia-Pacific excluding Japan (APEJ) region during the forecast period. In APEJ, China accounts for a significant share of the market on account of being one of the largest producers of pork in the world.  Also, demand for swine feed is expected to increase at a steady pace in countries such as Philippines, Thailand, and Vietnam. Meanwhile, North America and Europe are two leading markets for swine feed as consumption of pork remains high in these regions.

Starter Diets will remain the Most Preferred Diet Type

Starter diets will continue to hold the top position throughout the assessment period. Currently, starter diets represent more than one-fourth share of the global market in terms of revenue. Towards the end of 2022, over US$ 42,770 Mn worth starter diets are expected to soled worldwide.

Wheat – Top Selling Swine Feed Ingredient

Demand for wheat for preparation of swine feed is likely to remain relatively high as compared to other feed ingredients. Wheat currently command for close to 22% revenue share of the global market. Global sales of wheat for preparation of swine feed is estimated to bring in over US$ 36,370 Mn in revenues by 2022-end.

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Competition Tracking

Some of the key companies functioning in the global swine feed market include Alltech Inc., Archer Daniels Midland Company, Charoen Pokphand Foods PCL, Cargill Inc., Koninklijke DSM N.V., Nutreco N.V., Ridley Corporation Limited, Kent Nutrition Group Inc., Purina Animal Nutrition LLC., and BENEO GmbH.

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Latest Study of Global Bottled Tea Market 2019, Production Market by Major Players, Volume, Development, Opportunities, Market Dynamic Forces & Forecast 2027

Global consumption of bottled tea is expected to surpass 41 Mn Liters, growing at a Y-o-Y of 3.4% in 2018 over 2017. Overall growth of the bottled tea market can be attributed to,

Increasing appetite for specialty teas and their easier availability
Health conscious consumers preference for healthful tea beverages
Millennials’ developing palate for different RTD bottled tea flavors
Accessibility of bottled tea across various sales channels

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“The bottled tea marketplace is heavily impacted by evolving consumer sentiments wherein vendor revenues dwindled half a decade ago on the back of a contagious low- or no-sugar beverage trend. As manufacturers ramped up the production of no-sugar tea varieties, the bottled tea market has surpassed US$ 47 Bn in 2017 and the status quo is highly likely to continue in 2018,” says a senior analyst at Fact.MR.

The study opines that the demand for still variety of bottled tea will witness over 35 Mn Liters consumption globally in 2018. However, sparkling tea revenues are set to grow at a 6% Y-o-Y in 2018 over 2017. This rapid expansion can be attributed to growing demand among millennials and generation Z for sparkling tea, in particular, sparkling ice tea. The bottled tea marketplace is witnessing manufacturer investments in introducing new varieties of sparkling ice tea.

Conventional bottled tea has remained the primary choice among tea lovers until the arrival of organic tea variant. Fact.MR finds that the consumption of conventional variants will hold over 80% of the total bottled tea consumption in 2018. However, demand for organic variants is growing rapidly wherein consumption will increase over 4 Mn Liters in 2018 over 2017.

Fact.MR study finds 30% of bottled tea consumed to be black tea in 2018. Black tea continues to remain the highly popular tea blends and is consumed for its potential health benefits.

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Fact.MR estimated green tea occupied one-fourth of the global bottled tea consumption in 2017. Traditional recognition of green tea as a medicine and a higher concentration of antioxidants, particularly epigallocatechin gallate (EGCG) continue to encourage green tea consumption globally.

The retail shelves of multiple stores and online channels now have a variety of organic bottled tea. Staying ahead of consumer demand, manufacturers of organic bottled tea are actively engaged in expansion activities.

HORECA, according to the Fact.MR study continues to present a significant demand for bottled tea.  Consumer packaged goods (CPG) industry is significantly investing in HORECA on the back of growing consumer sentiments such as eating outside home and preference for ready-to-eat foods. The study also finds that modern trade will be the next preferred sales channel for bottled tea among consumers.

APEJ Helms Bottled Tea Consumption, Held 40% of volume Sales in 2017

Globally, the bottled tea consumption remains concentrated in the APEJ region. With the region’s populous nature and its significant millennial population, APEJ accounted for two-fifth of the global bottled tea consumption in 2017. Fact.MR estimates that Greater China consumed nearly 43% of the APEJ bottled tea consumption. According to Fact.MR, the popularity of black tea in the region has significantly contributed to the steady rising bottled tea consumption.

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The bottled tea market growth, according to Fact.MR will continue its upwards steady trend on the back of increasing preference for ready-to-eat beverages and consumer-driven product innovations. As manufacturers focus on expanding their global footprints, bottled tea popularity is here-to-stay in the future.

The Fact.MR report tracks the bottled tea market for the period 2018-2027. According to the report, the bottled tea market is projected to grow at nearly 4% CAGR through 2027.

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Maple Water Market Analysis -Worldwide Opportunities, Revenue, Production, Demand and Geographical Forecast To 2027

The maple water market is likely to witness significant growth, with demand likely to surpass 16 million liters in 2018, according to a latest report by Fact.MR. The substantial growth in the maple water market is influenced by rise in the health-conscious population and growing demand for organic and natural food products.

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The increasing demand for sugar alternatives and convenience food products in North America is leading to the rise in production and consumption of maple water. Increase in growth and plantation of sugar maple tree across eastern Canada and the northeastern US is also driving maple water consumption in the region.

On account of growing demand for maple water and maple products in North America, the key players in the region are focusing on increasing the production capacity using efficient technologies. This is likely to put downward pressure on the price of maple water as the supply expands. Additionally, maple syrup, a product derived from maple water is witnessing increasing demand from baking and confectionery industries in North America.

The climate change and rising temperatures across the US and Canada is impacting maple tree growth. This is expected to affect the growth of maple water market in the coming years.

Massive Dominance of Unflavored Maple Water Continues

Maple water is natural and is vastly available in unflavored and raw form. The demand for unflavored maple water is projected to exceed 13 million liters by 2018 end, as per the Fact.MR report. Increasing number of food product manufacturers and restaurants are using maple water in its natural and unflavored form.

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Majority of the companies in the water bottled space are focusing on providing pure sparkling water. With an idea to offer something innovative and attract big chunk of health-conscious customers, companies are planning to bottle the maple water obtained from maple tree in its natural flavor, thereby, preserving the nutrients in maple water with sweet and woody taste.

Maple Water to Witness Highest Sales through Modern Trade Sales Channel

Compared to the various sales channels, modern trade sales channel including supermarkets and hypermarkets are likely to account for the highest sales of maple water. Fact.MR study expects the sales of maple water through modern trade sales channel to exceed 5 million liters by the end of 2018.

The existing players in the maple water market are providing packaged maple water that can be sold through giant stores including hypermarket and supermarket. Moreover, the target consumers buying products like maple syrup mostly belong to upper middle class and high class with the focus on healthy lifestyle. This is resulting in manufacturers distributing their product through the modern trade sales channel.

Various marketing strategies including distribution of free samples and small packs of maple water are also being adopted by players in the maple water market to increase the customer base.

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Maple water is much-hyped drink in the developed countries like Canada, the US, and the UK. Manufacturers still have a sizable market to gain outside developed countries. To expand in other market across various regions, companies in the maple water market are focusing on introducing products with innovative packaging and at the best price possible.

The overall prospects for the maple water market are anticipated to remain positive. The demand for maple water is expected to reach CAGR of 8.7% in terms of volume during the forecast period, 2018-2027.

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Fat Replacers Market Forecast 2027: Top Companies, Trends And Growth Factors Details For Business Development

The increasing demand for fat replacer in convenience foods & beverages, as well as bakery products and potential health benefits of fat replacer, are the key growth factors defining the Fat Replacer market. Also, the increase in health awareness among urban population and changing lifestyle due to rapid urbanization are the key parameters which boost the growth of the fat replacer market.

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The prominent market players are strategically focusing on the introduction of enhanced product offerings to capture the maximum market share and improve the overall profitability. Urban consumers are aware of the new products that offer several benefits are available in the market which is the major driving forces for the consumer inclination towards fat replacers. The shifting preference towards consumption of dietary products among consumers owing to rising awareness regarding the various health benefits it offers, including normalized bowel movement, reduced cholesterol levels, controlled blood sugar levels and also aiding in maintaining healthy body weight is a significant factor driving the growth of the global fat replacer market.

This fat replacer report assesses trends are driving the growth of each segment on the global level and offers potential takeaways that could prove substantially useful to fat Replacer providers looking to enter the market. Main regions assessed in this report include North America, Latin America, Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East & Africa (MEA).

The sections, by ingredient type, by form, by source, and by application, evaluate the present scenario as well as growth prospects of the regional fat replacer market for 2018–2027. The North America market has been estimated to dominate the fat replacer market, accounting for the maximum revenue share of the market by 2018-end. Europe and Asia-Pacific markets are expected to account for over 25.7% and 21.8% revenue share, respectively, of the global fat replacer market by 2028 end. Among the emerging markets, APEJ is estimated to exhibit a significant CAGR of 6.0% over the forecast period, followed by MEA with 4.9%, and Latin America with CAGR 4.6%.

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To provide in-depth insights on the pattern of demand for fat replacer market, the market is segmented on the basis of ingredient type; it includes carbohydrate-based fat replacer, protein-based fat replacer, and lipid-based fat replacer. The carbohydrate-based fat replacer is expected to dominate the fat replacer market over the forecast period in terms of value, which accounted for 53.4% value share in 2018.

North America Region Critical in the Fat Replacer Market

The North America region is estimated to account for 37.2% market share in the global Fat Replacer market in 2018, and this share is expected to grow by a massive rate of 284 BPS. This highly populated continent is spearheaded by the rapid economic growth in U.S and customers in this country will continue to demand the maximum fat replacer. The market value of over US$ 1,304.9 Mn in 2027 makes North America the behemoth in the global fat replacer market.

Global Fat Replacer Market: Competition Dashboard

Fact.MR has profiled some of the most prominent companies active in the global fat replacer market such as Cargill, Incorporated, Kerry Group Plc, Archer Daniels Midland Company, Royal DSM NV, Associated British Foods Plc, Ingredion, Inc., Tate & Lyle Plc, Ashland Global Holdings, Inc., FMC Corporation, Corbion NV, and others. The key players in fat replacer market are focusing on differentiated product offerings in order to expand their customer base and to enter the new markets.

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Global Fat Replacer Market: Key Insights

The fat replacer market has grown consistently at a CAGR of 5.9%, and the fat replacer market has been expanding at a greater pace. The convenience food & beverages and dairy products application is optimistic about fat replacer and is boosting the market competitiveness. Also, the changing consumption trends towards healthy food products is expected to stimulate the growth of the fat replacer market.

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Growing Up Milk Market Inclinations & Development Status Highlighted for the Forecast Period between 2018 and 2027

According to a recent study published by Fact.MR, the growing up milk market will envisage an impressive 5.9% volume y-o-y growth in 2018 over 2017. The study reveals that the growing needs of the ‘new-age’ parents to find a convenient way of meeting nutritional requirements of their toddlers is mainly providing a fillip to the growth of the growing up milk market. The study also finds new avenues of growth for growing up milk manufacturers in developing countries in the Asia Pacific and the Middle East & African region.

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Some of the key findings of the Fact.MR market study include

A significant rise in discretionary income of consumers has facilitated a larger consumer base to access ready-to-serve toddler nutrition products, such as growing up milk products.

Increasing number of nuclear families and working parents remain the key contributors to the recent developments in growing up milk market.

Breastfeeding rates have gone up in many developed countries, which is likely to reflect in declining sales of growing up milk products in developed regions, such as Europe and North America.

The World Health Organization does not recommend growing up milk products, calling follow-up formulae “unnecessary” and “unsuitable” for toddler growth. This is restricting the sales, hampering growth of the growing up milk market.

Marketing and branding strategies manufacturers in the growing up milk market of labeling growing up milk products as ‘toddler milk’ are convincing parents that growing up milk can help them to transition from breastfeeding to adult food.

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The Fact.MR study analyzes prominent parenting trends in various geographical regions to identify growth prospects of growing up milk market in various regions. It finds that the demand for growing up milk products is relatively higher in developing countries than that in developed countries.

Asia-Pacific and MEA Markets Hold a Revenue Share of around 60% in Growing Up Milk Market

The study reveals that Asia-Pacific and the Middle East & Africa are the most lucrative regional markets for growing up milk, and the trend is likely to continue to remain preeminent in the upcoming years. According to Fact.MR, high fertility rates and low mortality rates in developing countries create a positive environment for growth of growing up milk market in these regions.

The fertility rate in the Asia-Pacific has been relatively higher in the past few years. After the Chinese government dropped the one-child policy, the birth rate in China has increased back up again by 7.9% to reach 17.86 million during 2014-2015, according to the National Health and Family Planning Commission (NHFPC). Consumers are becoming more aware of the importance of child nutrition, which in combination with rising birth rate is creating a higher growth potential for growing up milk market players in the region.

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Over 5.4 million children aged 0-5 years succumbed to death in 2017, and the risks of children dying are highest in the African region, according to the World Health Organization. Reducing preventable deaths of infants and toddlers in this region is one of the Sustainable Development Goals set by the United Nations General Assembly, which may provide an impetus to the adoption of nutritional supplement products such as growing up milk in the MEA region.

Consumers Choose Animal-based Growing Up Milk Over its Plant-based Variants

According to the Fact.MR study, animal-based growing up milk products account for a whopping 82% revenue share in the growing up milk market. Despite the growing popularity of plant-based dairy products among adult consumers, the Fact.MR study finds that consumers still trust animal-based growing up milk for their young children or toddlers.

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Global Processed Meat Market News (2019 – 2028) | Industry Development, Insight, Significance & Influence Over Market

The processed meat market will envisage a moderate 2.2% volume y-o-y growth in 2018 over 2017, opines a recent market study published by Fact.MR. The study finds that steadily growing meat industry and increasing growth of the food processing industry is majorly contributing to the growth of the processed food market.

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The report finds that despite their preference for fresh food products, consumers are looking for convenience as it is becoming challenging for them to prepare elaborative meals at home due to the fast-paced lifestyle the lead. Growing meat production, increasing demand for affordable animal protein, and preference for convenience is expected to provide an impetus to growth of the processed meat market. However, demand is likely to witness moderate growth, as growing vegan trend and growing colorectal cancer concerns stall consumption.

Pork and Poultry, Together Account for over 3/4th Share in Processed Meat Market

The Fact.MR study finds that, poultry and pork are the top-selling processed meat products globally. Sufficient poultry supplies at relatively low prices and a significant rise in per-capita pork consumption in emerging nations, especially in China, is fueling demand for processed pork and poultry, which is influencing processed meat manufacturers’ leading strategies.

According to a report published by the United States Department of Agriculture (USDA), pork and chicken exports are likely to increase by 3% and 4% respectively in 2019, buoyed by bolstering demand in emerging nations. Robust demand for pork and chicken is expected to drive their production across the globe to reach 114.6 million tons and 97.8 million tons by 2019, according to the USDA report.

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Fact.MR finds that processed meat manufacturers are modifying their business strategies to leverage approximately 75% market share of processed poultry meat and pork in envisage incremental growth in the processed meat market in the upcoming years.

Why Consumers are Choosing Conventional Processed Meat over Organic Processed Meat

Contrary to the popular belief that organic food products are healthier than their conventional variants, conventionally processed meat products are witnessing higher demand than that for organic processed meat products. According to Fact.MR, the key reasons why a majority of consumers are more inclined towards purchasing conventionally processed meat include,

Organic meat tends to be more expensive than conventional meat

Nearly similar amount of contaminants found in organic and conventional processed meat drives consumers to choose an economical option.

Conventionally processed meat is readily available in a majority of local grocery or retail store.

Consumers are becoming aware of the fact that organic does not mean cruelty-free

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Growing consumer awareness about the relatively higher carbon footprint of organic processed meat

A majority of consumer are health-as well as label-conscious. As consumers are becoming highly conscious while purchasing food products, including processed meat, the safety and affordability of conventionally processed meat is influencing recent trends in the processed meat market.

Tyson Food Inc., a US-based processed meat market player, recently acquired Keystone Foods, an American food service company, and the deal included eight processed meat production facilities and three innovation centers in leading Asian countries, including Australia, China, Malaysia, South Korea, and Thailand. The company has invested over US$ 2.16 billion in this deal to expand its sales and distribution networks in high-growth Asian processed meat markets.

The Fact.MR report tracks the processed meat market for the period 2018-2028 to find that it is likely to grow at over 2.6% volume CAGR through 2028.

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Citrus Fiber Market 2018 – with Best Scope and Growth on Industry Attractiveness, Competitive Landscape by Forecasts to 2028

A new Fact.MR study on citrus fiber market finds that the market grew at a healthy 4.3% y-o-y over 2017 to surpass US$ 92 million by the end of 2018. The study underscores how the health & wellness trend and the clean label movement are bolstering the influence of health-conscious consumers on growing adoption of citrus fiber in packaged food products.

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“Citrus fiber is gaining popularity as a natural specialty food ingredient, which is commonly used as an emulsifier and water-binding agent in various food products such as bakery, meat & dairy products, beverages, sauces & seasonings, and desserts. As modern consumers are becoming highly scrupulous about ingredients of packaged food products before making a purchase, a burgeoning number of food manufacturers are replacing fats and artificial ingredients with citrus fiber,” says a lead analyst at Fact.MR.

The positive growth parameters of the citrus fiber market are mainly attributed to a number of lucrative trends, such as
growing adoption of insoluble dietary fiber in a wide range of food products

citrus fiber manufacturers introducing innovative product portfolios to suit different food applications
favorable regulatory framework by governing organization complementing adoption of citrus fiber to replace artificial food ingredients.

clean label movement supporting the use of citrus fiber as stabilizer and emulsifier in beverages
citrus fiber market players putting efforts into capturing untapped opportunities in the rapidly-growing pharmaceuticals industry.

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Citrus Fiber Market Leaders Foray into the Pet Food Segment to Strengthen their Position across Industrial Sectors

The Fact.MR study finds that Tier I manufacturers of citrus fiber account for a significant revenue share in the citrus fiber market, making it a moderately consolidated market. With the help of advanced biotechnologies and patented manufacturing procedures, frontrunners in the citrus fiber market continue to consolidate their position in the market. Leading manufacturers in the citrus fiber market are adopting innovative strategies to improve their industry-wide foothold by boosting innovation.

Citrus fiber market leaders are recognizing the potential for demand upsurge for citrus fiber in the pet food industry due to the recent trend of humanization in pet care. Citrus fiber market leaders are aiming to capitalize on the lucrative growth prospects of the exploding pet care industry by introducing citrus fiber, which is suitable for various pet food products and can improve the quality and nutrition of pet food.

Fiberstar Inc., a Brazilian citrus fiber manufacturer, recently introducing a new citrus fiber – Citri-Fi® 150 – that can improve nutrition and quality of pet food products. Another leading manufacturer in the citrus fiber market that reaffirms the popularity of this trend is Cargill Inc., as the company recently completed the acquisition of animal feed business of Southern States Cooperative, Inc. in the U.S. Leading stakeholders in the citrus fiber market are planning their upcoming strategies to offer their flagship not only in the F&B space but also in the pet food industry in the coming future.

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The Fact.MR study also provides insight on the futuristic outlook of the citrus fiber market. The study opines that the citrus fiber market will continue to grow at a healthy 4.3% value CAGR throughout the forecast period 2018-2028.

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Artificial Sweetener Market Growth Analyzed in a New Study 2027

Fact MR’s latest report on the artificial sweetener market reveals vital aspects evolving a pacesetters pushing growth of the global market landscape. Growing consumption of low-calorie food varieties, diet carbonated soft drinks, and sugar substitutes have been cited as key growth levers of artificial sweetener market. The research study tracks the broader trends in artificial sweetener market, while focusing specifically on high-intensity artificial sweeteners. The report estimates the market valuation to approach US$ 1,816 Mn by 2018-end, taking a positive leap from US$ 1,768.5 Mn in 2017.

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Demand for Low Calorie Versions with Satisfactory Taste Attributes Push Growth

A combination of evolving dietary patterns to reduce obesity and significant shift in consumption preferences has been studied in the report, which is responsible for spurring the adoption of high intensity artificial sweetener. The report also outlines the growing adoption of high intensity sweetener in case of oral care products, owing to its ‘non-cariogenic’ nature i.e. it doesn’t cause cavities.

The rising preferences for low calorie content and minimal compromises with taste attributes is predominantly spurring sales of aspartame, with an anticipated US$ 616 Mn opportunity to emerge by 2018-end. As per the report, the consumption of high intensity artificial sweetener in powdered form is likely to be an all-time-high, consumption in the form of tablets is witnessing impressive growth.

The report estimates that beverage, with burgeoning popularity of low calorie drinks, remains the largest and most promising end user application, with an estimated valuation of around US$ 1,079 Mn by 2018-end. Bakery and confectionery remain the second-largest end user application segment, with a wide range of products incorporating use of high intensity artificial sweetener as a part of their ingredient base.

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North America and Europe Develop Intolerance toward Soft Drinks, APEJ to Offer Profit-making Avenues

In North America and Europe, the consumption of soft drinks, which is a major end user application for high intensity artificial sweetener market, is declining by a considerable rate. Significant alterations in consumer sentiments and preferences are one of the major reasons for the population in Western Europe and North America to gradually give up on soft drinks consumption. Consequently, the demand for artificial sweetener is also witnessing a downturn in these regions. However, the demand for high intensity artificial sweetener remains strong and robust in APEJ, with increased consumption of products using specific quantities of specialty sweeteners.

Moreover, Middle East and Africa maintains a promising growth in the high intensity artificial sweetener market at an impressive CAGR. With health and wellness concerns swelling at a meteoric pace in the region in the light of upswing in obesity rates, a broad category of health enthusiasts is encouraging an influx of new and effective products in the high intensity artificial sweetener market space.

The report has also identified the adoption of artificial sweetener to be impacted by specific regulations on sugar intake. National as well local governments are imposing sugar tax and levies, as a part of their attempts to fight obesity, which are likely to bode well for the market growth. As per the research study, the penetration of high intensity artificial sweetener amid the deep-rooted influence of refined sugar is likely to be challenging and is solely dependent on the performance parameters.

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“Another positive aspect associated is the manufacturing cost of high intensity artificial sweetener, which relatively is less as compared to that of sugar. This, in turn is likely to offer a pool of advantages for the manufacturers and stakeholders of the market”, Senior Analyst, Fact.MR

The Fact.MR research study outlines the growth of high intensity artificial sweetener market for the period of 2018-2027. As per the report, the market is likely to expand at a CAGR of 3% over the forecast timeline.

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Global Weight Management Market News (2019 – 2028) | Industry Development, Insight, Significance & Influence Over Market

Growing consumer inclination toward healthy diet continues to remain instrumental in driving sales of weight management products and services. The demand for packaged food in weight management is largely influenced by increasing obesity levels coupled with preference for sustainable lifestyle.

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Fact.MR foresees that the demand for packaged food in weight management is projected to expand at a significant pace in the forthcoming years. Volume of packaged food in weight management is expected to cross 118,195,000 tons in 2018, reflecting a rate of over 3.4% in 2018.

Consumer shift toward healthy lifestyle has translated into a growing inclination of consumers for packaged food that offer significant health benefits with low added calories, and weight management foods are no exception. Additionally, increasing participation of individuals in fitness activities has further pushed the demand for low carb, high protein diet. Against this backdrop, demand for weight management products is likely to witness an increase in the near future.

“The weight management market growth is also complemented by the content display on the front or back of the packaging. Food labeling provides nutritional information regarding ingredients and products along with calorie intake. This has enhanced consumer convenience in keeping track of calories they consume as part of their daily diet pre and post workout. This aspect has significantly fuelled the sales of packaged food in weight management” – Subject Matter Expert, Food and Beverages Domain, Fact.MR        

Key Pointers from the Report

North America continues to remain an attractive market, accounting for over 30% share of the market in 2017, followed by Europe
Emerging countries in Asia Pacific excluding Japan (APEJ) likely to reflect increasing inclination toward consumption of weight management food, making APEJ a lucrative market in terms of future growth.

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Dairy products remain the most sought-after packaged food for weight management among consumers with over 78,700,000 tons sold in 2017.

Ready-to-eat form are expected to remain an attractive opportunity for stakeholders, accounting for over 60% of global sales in 2017.

Tug-of-war between chicken and beef based packaged food witnessed in 2017, with the former witnessing a relatively higher sales than the latter. 2018 to showcase a similar trend.

Minimally processed packaged food to account for larger value share in 2017 while ultra-processed weight management food witnessing significant traction.

Dairy Products to Largely Contribute to the Overall Growth

Dairy packaged food products are expected to gain high traction in 2018 with sales accounting for over 30% share of the market, according to the report. Sales of dairy products in 2017 are largely pushed by growing demand for butter. Sales of butter are expected to surpass tons 3,360,000 tons in 2018 maintaining their status quo as the most preferred packaged dairy product for weight management.

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Grains and flours and frozen meals are also projected to expand at a substantial pace, collectively accounting for a 23% share of the market in 2017, according to the report.

United States to Remain the Most Attractive Market

Sales of packaged food for weight management are likely to remain concentrated in the developed countries of North America, particularly the United States. The report estimates that by end of 2018, packaged food sold in United States alone are likely to represent over 85% volume share of the North America market.

The outlook of the weight management packaged food market is projected to remain positive. Stakeholders can expect a steady stream of opportunities with the weight management packaged food market expanding at a value CAGR of 6.2% throughout the period of forecast, 2018-2028.

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Weight Management Beverages Market In World – Industry Outlook, Market Dynamics And Forecast 2019-2027

Fact.MR’s new research study on the weight management beverages market unveils key insights on the future trends in weight management beverages market. According to the report, rapid gravitation toward cognitive well-being and growing proclivity for weight management products remain the key growth levers of the weight management beverages landscape.

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The weight management beverages market report maintains an optimistic outlook on future growth, however, gains are likely to be modest rather than spectacular. The report pegs the market to grow at over 3% CAGR during the assessment period 2018-2027.

According to the report, a combination of evolving dietary patterns and consumer sentiments around attaining a healthy weight is driving sales of weight management beverages. As per the Fact.MR report, consumers are actively adopting beverages that come with natural and clean labels, which has been identified as an overarching trend in the weight management beverages market.

The report identifies a significant rise in popularity of beverages with ingredients rich in bioactive polyphenols, on account of their advantages in effective weight management. The report associates the success of nutritional and performance drinks with the rising propensity for functional attributes, which has been identified as a prominent trend influencing the dynamics of weight management beverages market.

The budding appetite for healthier options offering a tasty and unique experience among consumers is spurring the sales of non-carbonated beverages, with an anticipated US$ 25,000 million opportunity likely to emerge by 2027. As per the report, tea bags will continue to be the highly preferred form of consumption - this segment is likely to hold the highest revenue share and is likely to gain immense traction over the assessment period.

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Europe Maintains its Lead as the Largest Weight Management Beverages Market
Europe is likely to dominate the weight management beverage market, followed by North America. The lucrativeness of this region can be attributed to the consistent hike in consumer preferences for healthier nutrition sources over conventional food.

Moreover, Latin America has also been identified as an emerging nation with profit-making avenues for the market players and is slated to grow at a CAGR of 4.9% during the assessment timeline. With health and wellness concerns increasing at a meteoric rate in this region owing to surging obesity rates, a broad category of health-savvy consumers is fueling the influx of new products in the wealth management beverages market space.

The comprehensive report thoroughly analyzes differential business and product business strategies adopted by the leading players in the weight management beverages market. Key companies are focusing on leveraging emerging opportunities by expanding quick ‘pick and pay’ stores, as a vital part of their differential strategies to enhance overall consumer outreach.

The report also identifies the key players in the weight management beverages market focusing on providing a stability of all three crucial aspects, i.e. color, flavor, and suspension, in a bid to enhance their product portfolio. Also, manufacturers are foreseen to focus on finishing their offerings and enhance the overall appeal with a natural look, especially when they are marketed with the claim of having wellness positioning.

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Emulsion Stabilizer for Beverages Market Forecast 2028: Top Companies, Trends And Growth Factors Details For Business Development

Global consumption of emulsion stabilizer for beverages is foreseen to surpass 210,000 MT in 2018, up from nearly 200,000 MT in 2017, as per Fact.MR valuation.  The emulsion stabilizer for beverages market is poised to grow at a moderate CAGR of 4% during the forecast period 2018-2028.

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Buoyancy in the global food and beverage industry is likely to contribute to the steady growth of the emulsion stabilizers for beverages market. Owing to the presence of a huge number of small market players, the marketplace remains highly fragmented. Fact.MR estimates that the emulsion stabilizer for beverages market will surpass US$ 1.8 Billion by the end of 2028.

Apart from their popular use as an emulsifier, F&B sector uses emulsion stabilizers for multiple functions such as texture integrity, viscosity modifications, and taste preservation. Owing to their high vulnerability to spoilage, beverage industry highly consumes emulsion stabilizers.

Fact.MR shows that gum acacia remains the highly preferred emulsion stabilizer among beverage manufacturers owing to over 3-fold price difference when compared with other counterparts such as pectin, gellan gum and carrageenan. Global consumption of gum acacia is expected to reach nearly 105,000 MT and account for about 35% of the total consumption by 2028.

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The Fact.MR study opines that application of emulsion stabilizers remains highly concentrated in the UTH soy beverages and dairy beverages wherein emulsion stabilizers are used for their stability under low pH and high-temperature treatments.

Beverage manufacturers persistently seek beverage formulators for establishing commercial formulations of beverages which can be easily reproduced for mass production. The emulsion stabilizer marketplace continues to witness demand for individual stabilizers and blends or mix of stabilizers.

In a bid to optimize raw material cost, beverage manufacturers seek stabilizer blends wherein better performance is obtained by mixing properties of premium and low-cost stabilizers. Demand for individual and stabilizer blends remains highly concentrated in the carbonated soft drinks.

The Fact.MR study opines that carbonated soft drinks will continue to register leading demand for emulsion stabilizers. By 2028, carbonated soft drinks are expected to hold over 28% of the market revenue. Plant-based beverages are projected to report the second largest demand for emulsion stabilizers and, with demand likely to reach nearly 70,000 MT by 2028 end.

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These changing demographics in APEJ, according to the study, are likely to generate revenues worth US$ 500 Million by the end of 2028. Europe and Latin America are expected to register steady demand and collectively account for over 30% market share by 2028 end.

Foraying into the clean label venture is another prominent strategy adopted by emulsion beverage manufacturers. DowDuPont launched clean label GRINDSTED GELLAN MAS 100 a gelling ingredient for beverage manufacturers to produce clean label soy, almond and other plant-based beverages.

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Tilapia Market Inclinations & Development Status Highlighted for the Forecast Period between 2018 and 2028

Volume consumption of tilapia in the U.S., the largest tilapia importer, witnessed confined growth prospects with decline an excess of 10 KT estimated in 2017 over 2016, as per Fact.MR study. Declined consumption patterns mimic the broader trends in the production scenario as low prices pose challenges for companies to maintain high profitability.

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On the contrary, the second largest consumer - Russian Federation witnessed an increase in demand with a marginal volume consumption of 4 KT in the period of 2016-2017.  Report opines that the Russian Federation tilapia market is expected to report a steady demand for tilapia through 2022 while presenting emerging opportunities for Chinese suppliers in the future.

Domestic consumption predominates the tilapia market where the loss in exports is countervailed by persistently rising demand in the domestic markets of producing countries. As the domestic consumption holds sway, Fact.MR clearly estimates the preeminence of domestic market prices over export prices in the profiled exporting countries during the forecast period.

According to the study, Greater China, the largest producer of the tilapia will maintain its dominion with an estimated production of 1989 KT in 2017, about 28% of the global production. While China continues to helm the production, global tilapia trade has witnessed increasing participation of other tilapia producing countries.

With the improvements in aquaculture practices, tilapia markets in Egypt and Indonesia are estimated to account for over 36% of the global production collectively while significantly curbing the share of the Chinese tilapia market.

Erosion of the Chinese tilapia market can also be attributed to increasing inclination of tilapia farmers for other specialty fishes such as pangasius owing to increasing demand for this low-cost fish variety.

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Amidst the declining shares of China, Fact.MR study reveals a persistent increase in the global tilapia production wherein top ten countries (China, Egypt, Indonesia, Bangladesh, Philippines, Thailand, Vietnam, Brazil, Mexico and Uganda) are expected to account for 90% of the global production by the end of 2028.

Considering the nature of the commodity, export market dominates the frozen varieties of tilapia. Fact.MR finds that demand for frozen tilapia in the U.S. accounted for over 86% of the total U.S. demand in 2017, of which frozen fillets were highly consumed as compared to frozen whole tilapia.

Ubiquitous demand for tilapia in American restaurants and seafood aisles is one of the prime fillips continue to underpin the higher share of frozen tilapia in the U.S. by the end of 2028. However, tariffs on the Chinese seafood following the US-China trade war will continue to deter the growth prospects for Chinese exporters.

Comparable trends in the demand for tilapia frozen fillets was estimated in the Russian Federation where over 98% of the total tilapia consumption is expected to be held by tilapia frozen fillets throughout the forecast period.

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Fact.MR foresees steady growth prospects for the tilapia market while considering important caveats of the seafood industry that are likely to influence the future supply-demand equation. Increasing demand for other fish varieties such as pangasius, growing concern regarding production loss owing to Tilapia Lake Virus (TiLV) infection and lower appetite for tilapia in the potential market like EU28 are few of the prime factors that are likely to challenge the future sustainability of the tilapia market.

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Non-Dairy Toppings Market: Industry Trends and Developments 2019-2028

The non-dairy toppings market is likely to maintain a robust growth rate throughout the period of assessment, 2018-2028, as consumers shift toward veganism and plant-based products. Steadily increasing consumer awareness regarding health benefits of dairy alternatives continues to remain instrumental in driving sales of non-dairy toppings worldwide. Non-dairy toppings Market is expected to grow at a CAGR of 7.0% in terms of volume throughout the period of forecast. Global sales of non-dairy toppings are likely to increase by 34,000 tons in 2028 over 2018.

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Sales of non-dairy toppings are likely to witness a significant upswing during the period of forecast on the back of growing lactose intolerant consumers worldwide. According to National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK), more than 65 percent of the global population is facing lactose intolerance, with over 36 percent present in the United States alone. Unable to digest milk products, the demand for non-dairy toppings among lactose intolerant people is likely to increase, in turn contributing to the overall growth of the non-dairy toppings market, says the report.

European countries reflected dominance in the overall non-dairy toppings market, however with a relatively slow growth rate than Asia Pacific excluding Japan (APEJ). Non-dairy toppings market is now witnessing a significant upsurge across emerging economies in the Asia Pacific excluding Japan (APEJ) region, says the report. Sales of non-dairy toppings across countries such as China and India are expected to increase at a stellar pace throughout the period of forecast.

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Sales volume of non-dairy toppings via indirect channels are likely to account for over 70% share of the overall non-dairy toppings market by 2028. Modern trade continues to be the most lucrative indirect distribution channel for non-dairy toppings globally. Hypermarkets and supermarkets, as a part of modern trade, are expanding their non-dairy toppings product range, in turn increasing visibility of various non-dairy toppings brands. In addition, rising number of supermarkets worldwide are likely to complement non-dairy toppings sales. Sales of non-dairy toppings through E-commerce channel are also expected to witness a steady increasing throughout the period of forecast.

Growing bakery industry is expected to impact sales of non-dairy toppings in the forthcoming years. The overall bakery products market is expected to grow at a renascent pace, providing potential growth avenues for non-dairy toppings producers. The use of non-dairy toppings in bakery and frozen dessert applications is expected to gain significant traction during the period of forecast. Overall, the outlook of non-dairy toppings market remains positive and stakeholders in the non-dairy toppings market can expect a momentous growth in sales of non-dairy toppings across regions in the years to follow.

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New Report Examines the Growth of Organic Milk Market Forecast to 2028

The organic milk market is likely to maintain healthy growth rate during the assessment period 2018-2028, as steadily growing awareness among consumers in the last decade translates into commercial opportunities for companies. The organic milk market continues to be in ascendancy, despite longstanding challenges pertaining to high price.

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Although global demand for organic milk remains limited to a cohort of consumers, particularly those with higher disposable incomes, recent sales figures in emerging markets are encouraging. Fact.MR, in its latest study on the organic milk market, estimates global sales to increase by 440,000 liters in 2018 over 2017.

The report projects that the sales of skimmed organic milk are estimated to witness an upswing throughout the period of assessment on the back of high protein and calcium content. Further, less cholesterol content in skimmed organic milk continues to remain instrumental in driving demand for the product, particularly among consumers focusing on fat reduction. However, the demand for partly skimmed organic milk is projected to expand at a relatively faster pace during the period of forecast. According to the Department of Health, partly skimmed organic milk is a favorable choice for babies owing to easy digestion and nutrient content.

Growing health concerns and focus on well-being have translated into obligations on use of organic labels and certifications. Consumers have been cautious regarding ingredients in food items they consume and organic milk and its derivatives are no exception. This has led market players to adopt clean labels that detail the ingredient content including percentage of fats and other vitamins. However, growing distress among small scale farmers about stricter regulation in emerging markets continues to pose challenges.

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Modern trade continues to be the largest distribution channel for organic milk globally. Modern trade, comprising of supermarkets and hypermarkets involved in selling FMCG products are extending their organic product ranges meet the increasing demand for organic milk worldwide. This has resulted in an increased revenue generation via modern trade, making it an attractive revenue funnel for organic milk producers. Impressive sales have also been reported from online channels, and it is highly likely that this distribution channel will evolve during the course of the forecast period.

Cow organic milk has gained significant traction owing to its higher nutrition content as compared to organic milk from buffaloes and other sources. Dieticians have recommended consumption of organic milk for babies and infants. Cow organic milk has been considered as a substitute for breast-feeding, as it provides all vitals needed for infant growth.

Demand for organic milk is likely to remain concentrated in the developed countries of Europe. In addition to Europe, demand is also likely to grow significantly in the US, China, and India. According to the report, these three markets are likely to offer significant opportunities to market players during the course of the forecast period.

Fact.MR’s research study also profiles the business and product strategies of some of the leading players in the organic milk landscape. According to the report, the organic milk market is a consolidated landscape, with few players accounting for high revenue shares. The consolidated nature of the market can be gauged from the fact that top four companies account for nearly 30% revenue share of the market. The study finds that large players in organic milk market are focusing on product line extensions to meet the evolving demand. The tier II and tier III players are also focusing on joint ventures to increase their global footprint and capitalize on the emerging opportunities in new markets.

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Poultry Feed Market: An Insight On the Important Factors and Trends Influencing the Market

Shift towards high protein diet and increasing preference for poultry meat continues to influence the growth of the poultry feed market worldwide. Rising exports of poultry, particularly from the European Union and the United States, have remained instrumental in driving the need for enhanced poultry production, in turn fuelling sales of the poultry feed.

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Fact.MR envisages that the demand for poultry feed is projected to expand at a CAGR of 7.1% in terms of volume during the period of forecast, 2018-2027. The poultry feed market report also reveals that the sales volume of poultry feed are likely to cross 890,000,000 tons by the end of the assessment year.

Poultry feed producers have been focusing on carrying out developments in their products and processing methods in a bid to cater to the growing needs of consumers as well as abide by laws laid by regulatory authorities regarding GHG (Green House Gas) emissions. This has also triggered the use of clean labels as a measure to assure safety of poultry products by communicating ingredient information to the consumer. In addition, being largely driven by industry-specific aspects, manufacturers of poultry feed can expect momentous growth in the forthcoming years, says the report.

Government regulations regarding use of antibiotics in raising poultry are likely to impact the poultry feed market. For instance, European Union has banned the use of antibiotics in poultry feed owing to health risks associated with these formulations. FDA has passed various legislations, such as Guidance # 213 that have banned the use of antibiotics in poultry feed. This factor has opened new avenues for the use of other additives including enzymes and premixes to poultry feed to enhance productivity. Moreover, FDA has also allowed the use of insect proteins, such as use of BFSL (Black Soldier Fly Larvae), in poultry feed that can act as a sustained protein source.

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Growing broiler production is likely to trigger the sales of poultry feed across the globe. USDA (United States Department of Agriculture) estimates that broiler production is anticipated to increase by 2 percent by 2018-end to touch 92.5 million tons. This aspect is expected to fuel use of poultry feed in broiler production during the period of assessment. However, the demand for poultry feed in layer production is projected to expand at a relatively high pace throughout the period of assessment, according to the report.

Corn as a source for poultry feed has gained significant traction since the past couple of years. Poultry feed derived from corn provides high nutrition and palatability along with high protein and low fat content. Corn poultry feed can replace other sources such as soybean by offering cost superior reductions during production. Sales of poultry feed from corn source are estimated to cross US$ 123 Bn by end of the assessment period, making it a lucrative investment area for stakeholders in the poultry feed market.

Sales of poultry feed in from of briquettes are likely to account for a major share in the entire poultry feed market. However, the demand for poultry feed pellets are projected to witness a relatively higher growth with respect to adoption owing to the enhanced FCR (Feed Conversion Ratio), feed intake and weight gain.

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Demand for poultry feed continues to remain concentrated in the emerging economics of Asia Pacific. Countries such as China and India have been showcasing increasing preference for broiler meat since the past few years. This has resulted in the increasing dependence of quality poultry feed to cater to the growing poultry production. On the other hand, sales of poultry feed in the United States is likely to account for a lion’s share in the poultry feed market, making North America an attractive region for stakeholders from an investment standpoint. Overall, stakeholders in the poultry feed market can expect an opportunistic scenario driven by a combination of industry specific and macroeconomic factors during the assessment period.

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Global Lactase Enzyme Market | Latest Industry Demands and Top Players Analysis Report Till 2028

Fact.MR recently published a market research report, which forecasts that the Lactase Enzyme Market will envisage a healthy 4.4% volume CAGR during the period 2018-2028. The report projects the global demand for lactase enzymes for food & beverage applications to grow twice higher than that for its applications in dietary supplements through 2028. In addition, the report opines that the rise in demand for lactose-free food products, which also complies with shifting consumer preference for calorie- and sugar-reduced foods, will continue to prevail as a key growth influencer for the lactase enzyme market.

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According to the statistics published by the U.S. National Library of Medicine, more than 65% of the global population develops lactose intolerance after infancy. High awareness about this health condition, coupled with growing trend of eating healthier in developed countries in North America and Europe is boosting demand for lactose-free foods, thereby favoring adoption of lactase enzyme. Meanwhile, over 90% of the East Asian adult population is highly prone to developing lactose intolerance, which represents high growth potential for lactase enzyme market in Asia-Pacific excluding Japan (APEJ). However, unawareness about the health condition and lower pervasiveness of lactose-free products are arresting the market growth in the region. Lower pervasiveness and awareness about lactose-free food products in emerging markets are likely to translate into untapped business opportunities for lactase enzyme manufacturers in developing countries, such as China, India, and ASEAN countries.

To capitalize on the trend of healthy food consumption and potential growth opportunities in Asia Pacific, leading manufacturers in the lactase enzyme market are modifying their business strategies. DuPont Nutrition & Health recently unveiled its plans to leverage the tremendous growth potential of the nutritional snacking trend and rising demand for healthy food products, such as lactose-free dairy and yogurt, in the ASEAN region. Further, DSM – another leading manufacturer in the lactase enzyme market – declared its strategies to continue benefitting from the ongoing expansion of its dietary supplement and nutritional food ingredient businesses in China. Eventually, leading stakeholders in the lactase enzyme market are aiming to address the food & beverage industry by moving closer to local and regional customers in Asia Pacific in the coming future.

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“Rising applications of lactase enzymes in the dairy industry are attracting new entrants in the lactase enzyme market, thereby intensifying the market’s competitive environment. Meanwhile, established stakeholders in the lactase enzyme market are developing high-quality lactase enzymes with better stability to attract a large customer base and maintain a competitive edge over others. By manufacturing lactase enzymes that enable smooth and quick transition into lactose-free dairy manufacturing processes, market players in the lactase enzyme market are aiming to gain a stronger position in the dairy industry. Using high-quality lactase enzymes can help dairy manufacturers to mitigate needs for investing in additional dairy processing equipment. Thereby, leading manufacturers in the lactase enzyme market are adopting advanced production technologies to deliver lactase enzymes with improved stability and high-performance characteristics,” says a lead analyst at Fact.MR.

Demand for lactase enzyme drops is likely to remain much higher than that for lactase enzyme powder in the upcoming years. The Fact.MR report projects that the global sales of lactase enzymes in liquid form will be twice higher than those of its powder counterpart by the end of 2028. Liquid lactase enzymes, when used in manufacturing lactose-free food products, dissolve completely and leave less residual lactose, retaining the taste and texture of the food product, which is influencing salient strategies of stakeholders in the lactase enzyme market. Leading market players such as Novozymes, DuPont, and DSM, are marketing their liquid base lactase enzymes in various industrial sectors, especially in the F&B industry, to gain an edge in the lactase enzyme market in the coming future.

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About Us
We are an insights-driven global market intelligence company with a unique purpose: enabling organizations make better decisions. We do this by creating an ecosystem where an eclectic cognitive collaboration between human imagination and data science leads to path breaking ideas.

Our vision is to foster a pervasive culture where critical business decisions are taken on the basis of facts rather than assumptions and perceptions.

Our mission is empowerment – empowerment of free-thought; empowerment of fact-based decisions; empowerment of decisive action.

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