Monday, June 15, 2020

Demand for Animal Vaccines Market Business Development By Various Trend Analysis by 2020

Vaccines make animals disease-immune for a particular disease. In biological terms, vaccination against a particular pathogen aims to mimic the development of naturally acquired immunity by inoculation of non-pathogenic but immunogenic components of that pathogen. Animal vaccines market is dominated by production animals due to increasing global consumption of meat and milk products. The animal vaccines market can be segmented into seven categories based on animal type namely livestock, companion animals, poultry, equine, aquaculture, and other animal vaccines. Some of the key segments are further categorized based on the application of these animals. The livestock vaccines can be segmented into bovine vaccines and small ruminant vaccines, whereas the companion animal vaccines include canine vaccines and feline vaccines.

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Based on technology, animal vaccines market are categorized under seven key segments namely live attenuated vaccines, inactivated vaccines, subunit vaccines, toxoid vaccines, conjugate vaccines, recombinant vaccines and DNA vaccines.DNA vaccines is growing at the fastest rate among the segments by technology due to cost effectiveness, convenient production and added thermo-stability as compared with traditional vaccines.

The animal vaccines market is also increasing due to the increasing animal bites which may be fatal for human if the animal is not vaccinated against diseases. According to King County (a county in the U.S.), out of the total animal bites in the U.S. every year, approximately two-thirds are dog bites, which is high among children of age group 5-9 years. According to the American Society of Plastic Surgeons, in 2012 more than 27,000 people underwent reconstructive surgery as a result of dog bite. The Journal of American Medical Association (JAMA) reported that dog attack victims suffer losses of around one-two billion every year over treatment in the U.S.

According to the European Pet Food Industry Federation, there were 271.1 million pet animals in the European Union in 2012 including 75.3 million pet dogs and 89.8 million pet cats. France, Italy, the U.K., Ukraine and Germany were in the list of top ten countries with the largest cat population, while France and Romania had the largest dog population in Europe. Leptospirosis is one of the key bacterial diseases which occur in 60% of U.K. dairy herds. The most common preventive measure for this disease is vaccination.

Asia Pacific is witnessing high growth rate in production animals’ vaccines due to its increasing consumption and trade of meat. China’s increasing demand for meat is making it one of the largest markets for animal healthcare products for production animals. In 2012, production animals accounted for 98% of the animal healthcare market in the country. According to USDA, with the consumption of 71.2 million tons, China consumed almost one quarter of the total meat produced globally in 2012. It is also the largest swine meat consumer globally.

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The global animal vaccines market is dominated by North America followed by Europe and Asia Pacific. Asia is expected to witness fastest growth during 2014-2020 on account of increasing per capita income which is increasing the expenditure of people on meat and milk products. The major companies in the animal vaccines market include Zoetis, Merck, Sanofi-Aventis, Bayer Healthcare Novartis and Virbac.

Whey Protein Ingredient Market Trend, CAGR Status, Growth, Analysis and Forecast to 2020

Whey protein is a mixture of Beta-lactoglobulin, Alpha-lactalbumin, Bovine serum albumin and Immunoglobins. Whey is the liquid material obtained from cheese manufacturing. Whey protein can be of three primary types: whey protein concentrate (WPC), whey protein isolate and whey protein hydrolysate. Whey protein concentrate contains low level of fat and low level of carbohydrate.
Lower end concentrates tend to have 30% protein and higher end up to 90% whey protein isolate are further processed to remove fat and lactose. It usually contains at least 90% protein. Whey protein hydrolysate are predigested and partially hydrolyzed whey proteins for the purpose of easier metabolizing. In addition, whey protein hydrolysate is commonly used in medical protein supplements and infant formulas because of its improved digestibility and reduced allergen potential.

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North America has largest market share for whey protein products, closely followed by Europe. Asia-Pacific is the fastest growing whey protein ingredients market due to the increasing number of health conscious consumer and rising disposable income.

Increasing number of health conscious consumer, rising disposable income, increasing number of health clubs and fitness centers are some of the major driving force for whey protein ingredient market. Health clubs and fitness centers act as central distribution centers for whey protein products for all consumer groups, including bodybuilders, athletes and recreational users. In recent years, the number of health clubs has increased worldwide, creating more opportunities for whey protein manufacturers to target health club members. According to International Health, Racquet & Sports Club Association (IHRSA) Global Report, the number of health clubs and fitness centers globally rose from 128,500 in 2009 to 1, 53,000 in 2012.

The numbers dropped slightly in 2011 to 1, 33,000 from 1, 33,500 in 2010, before increasing again to 1, 53,000 in 2012. . Increasing disposable income in the developing countries such as India and China is expected to trigger the growth rate of whey protein ingredient market. Increasing disposable income allow the customer to spend more. According to the National Bureau of Statistics China, annual per capita disposable income of urban households in China increased from USD 2,271.0 in 2008 to USD 3408.5 in 2012.


The overall annual disposable income in India medium household income increased from USD 1,366.2 billion in 2010 to USD 1,587.6 billion in 2013.


Alternatives like plant proteins act as restraint for whey protein ingredient market.

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The major companies operating in the whey protein ingredient market include Glanbia, Hilmar Cheese Company, Milk Specialties Global, Davisco Foods International, Inc and Maple Island, Inc

Key points covered in the report
  • Report segments the market on the basis of types, application, products, technology, etc (as applicable)
  • The report covers geographic segmentation
    • North America
    • Europe
    • Asia
    • RoW
  • The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
  • The report provides company profiles of some of the leading companies operating in the market
  • The report also provides porters five forces analysis of the market.

Microwavable Foods Market Upcoming Trends, Growth Drivers and Challenges Till 2020

Microwavable food is a prepackaged meal that requires very little preparations. It has become an important part of modern diet. Busy life schedule coupled with increasing number of working women and ease of preparations are factors boosting the microwavable foods market. Packaging plays an important role in ensuring that the food remains suitable for cooking in microwave oven, even after a longer period of time. Different technologies are used for packaging include patterned susceptors technology, new tray-lidding methods and new cook bag techniques.

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Global microwavable foods market is bifurcated into three categories: frozen microwavable foods, chilled microwavable foods and shelf stable microwavable foods. Frozen microwavable foods represent the largest and fastest growing microwavable foods product segment.

North America and Europe are the largest market for microwavable foods. The Asia-Pacific region is expected to be fastest growing market for microwavable foods.

Busy lifestyle paired with increasing number of working women, ease of preparation and increasing urban population are some of the major driving force for microwavable foods market. Hectic life schedule and corporate work culture in the cities have forced the consumers to demand more of ready-to-eat meals or other ready-to-eat food items. Microwavable foods help the customer to fulfill their demand of tasty eating with less time consumption. Additionally, increasing number of working women is driving the global microwavable foods market.

 Majority of working women in the western countries have less time for cooking. According to U.S. Department of Labor in 2013, there were 127.1 million working women in the U.S. which is expected to grow at 5.4% by 2022. The lifestyle of urban population is more fast-paced as compared to the rural population. Fast-paced lifestyle attracts people to microwavable foods.

Consumer perception towards microwavable food acts as a restraint for microwavable foods market. Sometime microwavable food perceived as an inferior substitute of fresh food. Consumers believe that food prepared few months or more before it is consumed is not fit for health.

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The major companies operating in the microwavable foods market include Beech-Nut Nutrition Corporation, Bellisio Foods Inc., Campbell Soup Company, ConAgra Foods Inc., General Mills Inc., Kellogg Company, Kraft Foods Inc., McCain Foods, Nestle SA and Pinnacle Foods Group LLC.


Key points covered in the report

  • Report segments the market on the basis of types, application, products, technology, etc (as applicable)
  • The report covers geographic segmentation
    • North America
    • Europe
    • Asia
    • RoW
  • The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
  • The report provides company profiles of some of the leading companies operating in the market
  • The report also provides porters five forces analysis of the market.

Food Encapsulation Market Size & Growth: Quality, Reliability, and User Demands by 2020

Food encapsulation technology helps in stabilizing food ingredients to allow flavor retention, and remove bad taste from the food. With the help of food encapsulation, food and beverages industry tried to overcome challenges such as maintaining taste, color and nutrition of the product and preservation of the product. Food encapsulation has the ability to make easy coating of food particles or ingredients such as acidulants, fats, flavors, and whole ingredients such as raisins or nuts.

With the increasing health awareness, consumers are giving more preference for tasty, healthy and convenient and these demands can be achieved by food encapsulation. On the basis of technology type, global food encapsulation market can be segmented into microencapsulation, nanoencapsulation and hybrid technologies. Food encapsulation technologies such as microencapsulation and nanoencapsulation have improved the food encapsulation industry. Microencapsulation is largely preferred over nanoencapsulation and hybrid technologies due to its cost-effectiveness, flexibility and versatility.

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North America is the largest market for food encapsulation, growing at a slower pace due to the saturated end-products market. Europe is the fastest growing market for food encapsulation. Asia Pacific is the fastest growing market for food encapsulation due to its booming food industry. In addition, rise in disposable income and increasing urbanization boost the food encapsulation market in this region.

Increase in health conscious consumer, increasing consumption of functional foods and growing demand for convenience foods are some of the major driving force for food encapsulation market. With the increasing number of diseases such as diabetes and obesity globally, people are showing more consciousness towards their food and drinks. Health conscious consumers’ demand for healthy, tasty and nutrient rich products and these demands can be met by food encapsulation, thus driving the market for food encapsulation. Due to the busy life schedule consumers are demanding more for convenience foods. These are ready-to-eat foods which require certain shelf life and should maintain taste, color and flavor of the food. Food encapsulation helps in increasing shelf life and increasing product appeal by improving taste, color and flavor of the food. Growing demand for convenience foods boost the food encapsulation market.

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The major companies operating in the food encapsulation market include ABCO Laboratories Inc, Advanced BioNutrition Corporation, Aveka Group, Balchem Corporation, Cargill Inc, Blue California, Encapsys Microencapsulation, Coating Place Inc, FrieslandCampina Kievit and Firmenich Inc.

Feed Palatability Enhancers & Modifiers Market Share, Growth Rate, Sales Value And Industry Production Volume 2020

In the past few years, the feed palatability enhancers and modifiers market has been growing at a steady rate. The bitter taste of vitamins, minerals and other medicines can be minimized by adding palatability enhancers to the animal feed. It increases the intake of feed by animals. In addition, palatability enhancers also provide shelf life stability to the product. Feed palatability enhancers and modifiers have gained a good position in the feed supplements as they are highly influential in the development of animal feed industry. By adding feed palatability enhancers and modifiers to the animal feed the sweetness of animal feed is increased, thus increasing the feed intake in animals. Feed palatability enhancers and modifiers not only help in minimizing the bad taste of animal feed, but also in improving health of livestock.

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Feed palatability enhancers and modifiers market can be segmented by types into: natural and synthetic. Feed palatability enhancers and modifiers market can be segmented by livestock into: cattle, poultry, pet and others.

Asia Pacific represents the largest market for feed palatability enhancers and modifiers globally due to the rise in animal health concerns and growing demand for animal feed in the region. The North American feed palatability enhancers and modifiers market is also growing rapidly due to the rising awareness of pet owners about the quality products and regarding the chemicals used in the animal feeds. The European feed palatability enhancers and modifiers market has become stagnate in the past few years due to strict regulations and factors such as cost and productivity of animal feed. These are the major factors hampers the growth of the feed palatability enhancers and modifiers market in the region.

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Increasing consumer awareness about quality of meat, rising demand for animal feed, rising concern of quality of pet food and rise in global meat consumption are some of the major driving factors for feed palatability enhancers and modifiers market. Rise in the cost of raw materials and harmful effects of ingredients acts major restraints for feed palatability enhancers and modifiers market.
The major companies operating in the feed palatability enhancers and modifiers market include Associated British Foods PLC, Diana Group, Eli Lilly and Company, Ensign-Bickford Industries Inc., Ferrer, Kemin Europa, Kent Feeds Inc., Kerry Group PLC and Tanke International Group.

Global Egg Processing Equipment Market Recent Developments, Major Regions, Top Players, Opportunities in Future

Eggs are processed by removing egg shells and processing the obtained liquid product to make it suitable for consumption in various food products. The various steps in egg processing include removal of egg shells, filtration, mixing and blending, stabilizing, pasteurising, freezing or drying and packaging. Different equipment is used at various stages of egg processing. The egg processing equipments are generally integrated assembly of machineries that are used at various stages of egg processing. Processed eggs are used widely in as an ingredient to various food products such as baked foods, dairy and dairy products and confectionary. Processes eggs have superior functional properties such as, enhanced freshness, longer shelf-life, and simple storage and transportation requirement. 

On the basis of various processing technique the global egg processing market can be segmented into three broad categories namely, dried egg product, liquid egg products, and frozen egg products. Based on the various end user application the global egg processing & equipment market can be categorized in six broad categories namely bakery, confectionary, dairy products, ready to eat meals (RTE), soups and sauces and others.

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Rising consumption of processed egg products in bakery and functional foods is driving the egg processing & equipment market. In addition rising health consciousness and trend towards healthy life style is further boosting processed egg market. Furthermore the ongoing technical advancement in egg processing equipment technology is contributing to the overall growth of the market.

North America was the largest market for egg processing & equipment in the year 2013 closely followed by Asia Pacific and Europe. The egg processing & equipment market in Europe and North America is heading towards maturity and the growth is mainly expected from growing market of Asia Pacific and Latin America. Asia Pacific is the fasted growing market for egg processing & equipment mainly fuelled by the increasing use of egg in process food and baked product. Japan was the largest market of egg processing & equipments in 2013 while China is the fasted growing market for egg processing & equipment in Asia Pacific. 

Some of the leading companies operating in global egg processing & equipment market include, Actini Group (Actini SAS), Bouwhuis Enthovan, Glon Group (Groupe Glon), Gruppo Eurovo, Igreca S.A., Interovo Egg Group B.V., Moba B.V., OVO-Tech, Pelbo S.P.A., and Sanovo Technology Group

Sales Revenue of Anti-Caking Agents Market Overview, Consumption, Supply, Demand & Insights by 2020

Anti- caking agent is an additive, which used in food industry including seasoning & condiments, dairy products, meat products, bakery, soups & sauces and sweeteners. It is used in the form of powder or granules to prevent the formation of lumps and for easing packaging, consumption and transport. They do not have any nutritional value. Some of the commonly used anti-caking agents in food industry are calcium silicate, sodium aluminosilicate and silicon dioxide, magnesium stearate, powdered cellulose, , sodium bicarbonate, sodium ferrocyanide, magnesium trisilicate, calcium ferrocyanide potassium aluminium silicate, stearic acid, tricalcium phosphate and polydimethylsiloxane . Sodium aluminosilicate is used as an anti-caking agent in table salts.  Application of anti-caking agents is used in fertilizers, feed, road salt, cosmetics, and synthetic detergents. Use of anti-caking agent in fertilizer includes phosphorus, nitrogen, ammonium, and compound based fertilizers.

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Growth of the food and beverage industry due to the rising population, rising consumer awareness about packaged food and shifting consumer preference towards convenience food, growth in disposable income are some of key reason which leads to boost the demand for anti-caking agents market over the forecast period.

The global anti-caking agents market is growing with high potential. Europe is the largest market for anti-caking agents followed by North America. Growth in food industry in North America further boosts the anti-caking agents market. Growing large population, changing lifestyle of people, inclination towards westernized eating habits, rising consumer preference towards junk food, rising awareness of benefits of packaged food and growing food & beverage industry are major reason which drive the anti-caking agents in Asia Pacific region. Growing technological developments in food and dairy industry further helps in the growth of anti-caking agents market. Asia Pacific is the fastest growing market among all regions of the world. Implementation of some regulations by European Food Safety Authority for the use of anti-caking agents, act as a market restrains for anti-caking agents market.

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Major companies operating in anti-caking agents market includes, Bogdány Petrol Ltd., Huber Engineered Materials, Evonik Industries AG, Kao Chemicals, Sasol Wax, IMAC INC, BASF, Fuji Chemicals Industries, Grain Corporation, Norkem Group, Chemipol S.A., PPG Industries, Inc., PQ Corporation and Sweetener Supply Corp

Sales Revenue of Anti-Caking Agents Market Key Players, Share, Trends, Sales, Segmentation and Forecast to 2020

Anti- caking agent is an additive, which used in food industry including seasoning & condiments, dairy products, meat products, bakery, soups & sauces and sweeteners. It is used in the form of powder or granules to prevent the formation of lumps and for easing packaging, consumption and transport. They do not have any nutritional value. Some of the commonly used anti-caking agents in food industry are calcium silicate, sodium aluminosilicate and silicon dioxide, magnesium stearate, powdered cellulose, , sodium bicarbonate, sodium ferrocyanide, magnesium trisilicate, calcium ferrocyanide potassium aluminium silicate, stearic acid, tricalcium phosphate and polydimethylsiloxane . Sodium aluminosilicate is used as an anti-caking agent in table salts.  Application of anti-caking agents is used in fertilizers, feed, road salt, cosmetics, and synthetic detergents. Use of anti-caking agent in fertilizer includes phosphorus, nitrogen, ammonium, and compound based fertilizers.

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Growth of the food and beverage industry due to the rising population, rising consumer awareness about packaged food and shifting consumer preference towards convenience food, growth in disposable income are some of key reason which leads to boost the demand for anti-caking agents market over the forecast period.

The global anti-caking agents market is growing with high potential. Europe is the largest market for anti-caking agents followed by North America. Growth in food industry in North America further boosts the anti-caking agents market. Growing large population, changing lifestyle of people, inclination towards westernized eating habits, rising consumer preference towards junk food, rising awareness of benefits of packaged food and growing food & beverage industry are major reason which drive the anti-caking agents in Asia Pacific region. Growing technological developments in food and dairy industry further helps in the growth of anti-caking agents market. Asia Pacific is the fastest growing market among all regions of the world. Implementation of some regulations by European Food Safety Authority for the use of anti-caking agents, act as a market restrains for anti-caking agents market.

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Major companies operating in anti-caking agents market includes, Bogdány Petrol Ltd., Huber Engineered Materials, Evonik Industries AG, Kao Chemicals, Sasol Wax, IMAC INC, BASF, Fuji Chemicals Industries, Grain Corporation, Norkem Group, Chemipol S.A., PPG Industries, Inc., PQ Corporation and Sweetener Supply Corp.

Sales Scenario of Automotive HVAC Market International Industry Growth Rate And Key Opportunities 2020

HVAC stands for heating, ventilation (replacing air in any space to provide high indoor air quality) and air conditioning (altering the properties of air to make the indoor air more comfortable). Ventilation is the process which includes both the exchange of air to the outside as well as circulation of air within the space. HVAC is a technology that provides indoor and vehicular environmental comfort.  Automotive HVAC system’s main purpose is to provide thermal and acceptable air condition within the vehicle.

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Present generation vehicles are equipped with many innovative technologies which differ in functions performed, cost and application. These features make the vehicle more comfortable for the traveler.  Global Automotive HVAC market can be divided on the bases of vehicle type (passenger cars, LCVs (light commercial vehicles) and HCVs (heavy commercial vehicle) and technology component (automatic and manual). Passenger cars dominate the global automotive HVAC market due to increasing demand for private vehicles. In case of technology, automatic technology dominates over manual technology.

Asia-Pacific has the largest market share for automotive HVAC market, followed by North America and Europe. Asia-Pacific region is expected to maintain its dominance in the coming future owing to larger vehicle production and demand in countries such China, India, and Japan. India and Chinese markets are expected to dominate global automotive HVAC market owing to their increasing population and increasing domestic production.

In current era, people spend a large portion of their time on road travelling in their private vehicle or other means of public transport. Hence rising amount of time spent by people in travelling is driving the global automotive HVAC market. Also, growing popularity of private vehicle over public transport is further expected to increase demand for automotive HVAC technology. Additionally, increasing income level coupled with wide choice of private financing has made it easy for the customers to spend more on private vehicle rather than traveling on public transport. This may further add on to the increasing demand of automotive HVAC technology especially in the developing nation such as India and China.

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Automotive HVAC market is dominated by established players. Some of the major companies operating in the global automotive HVAC market are Air International Thermal Systems, Brose GmbH & Co., Xiezhong International Holdings Limited., Valeo SA, Toyota Industries Corporation, Sanden Corporation, Keihin Corporation, Johnson Electric, Gentherm Inc., Denso Corporation, Delphi Automotive LLP., Calsonic Kansei Corporation, Japan Climate Systems Corporation and Visteon Corporation.

Cereal Ingredients Market Global Trend, Segmentation and Opportunities, Forecast 2020

Global cereal ingredient market - Market outlook
Cereal ingredients are mainly used as staple food and probably the greatest source of energy for humans. Cereals are grown on nearly 60% of the cultivated area in the world, providing almost 30% of total calories in a regular diet. Some cereals ingredients have content of iron that help the transfer of oxygen to the blood. Soluble fibers present in cereals ingredients lowers the blood cholesterol. Cereal ingredients consist of 12-14 percent water, 65-75 percent carbohydrates, 2-6 percent lipids and 7-12 percent protein. Phytochemicals present in cereal ingredients reduce the risk of many types of cancer.
Growing influence of healthy diets among the consumers is flourishing the demand of cereal ingredients
Cereal ingredients market is driven by the growing healthy eating habits among the consumers. Rapid urbanization and growing awareness has shifted the consumers eating habits towards the safe and healthy food products. Cereals are presumed to be one of the major health and energy source and also contains all the essential nutrients. Cereal ingredients contains carbohydrates, proteins, calories and lipids. This has a particular influence on the breakfast occasion due to the belief that breakfast is the most important meal of the day. Furthermore, due to increasing health issues from highly processed foods products, consumers are also adopting the consumption of cereals.
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Wide availability of cereal ingredients and its applications in various industries is also beneficial factor for the cereal ingredients market. Cereals ingredients are stapled foods and an important source of nutrients for consumers around the world. Additionally, growing demand for organic food also expected to drive the organic cereal ingredients market. Nevertheless, high availability of substitutes of cereal ingredients is one of the restraining factor for the cereal ingredients.
 Global Cereal Ingredient Market- segmentation
On the basis of form, the global cereal ingredients market has been segmented as
  • Cereal protein
  • Cereal flakes
  • Cereal flours
  • Cereal starch
On the basis of end use, the global cereal ingredients market has been segmented as
  • Food Industry
  • Healthcare Industry
On the basis of source, the global cereal ingredients market has been segmented as
  • Wheat
  • Rice
  • Barley
  • Oats
  • Corn
  • Rye
  • Sorghum
On the basis of distribution channel, the global cereal ingredients market has been segmented as
  • Business to Business (B2B)
  • Business to consumers (B2C)
    • Hypermarkets and Supermarkets
    • Specialty stores
    • Convenience stores
    • Online retailers
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On the basis of region, the global cereal ingredients market has been segmented as
  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Middle East & Africa
  • Oceania
Global Cereal ingredients market -key players
Some of the major Key players of the cereal ingredient markets are Kellogg NA Co., General Mills, The Kraft Heinz Company, Mondel?z International. , Tyson Foods, Inc. Cargill.,  Roquette Frères, Kerry Inc., Pecan Deluxe Candy Company, Kanegrade Ltd. Balchem Inc. Codrico. Hodgson Mill and others.
Opportunities for new market participants in the global cereal ingredients market
With wide range of application of cereal ingredients there is ample of opportunities for the market participants to grow in this market. Cereal ingredient manufacturers have an opportunity to change the industry and make cereals more functional by focusing on adding nutrients with functional properties without compromising the taste. Industry revenue and profitability are expected to benefit from increased demand for cereal ingredients.
Growth opportunity exists for high fiber products that can promote better health. North America has the highest percentage of natural claims in breakfast cereals globally and experiencing continuous growth as consumers increasingly seek out healthy, organic and all-natural cereal foods. Cereal ingredients manufacturers have already started to communicate nutritional credentials of cereal ingredients on product packs. Consumer’s acceptability of the products, should be the focus area that needs the utmost attention for the new participant of global cereal ingredient market. The invention of newer technologies for cereal processing to improve their use and health potential will help the new participants to grow.
COVID 19 Impact on Global Cereal Ingredients Market
The effect of COVID-19 disease is growing across the world, subsequently, it is also affecting the growth of food and beverage industry. Food processing sector is highly hampered by the global pandemic as the processing of the food products is shut down in most of the countries or operational at low production capacity. This has further limited the production of cereal ingredients. Furthermore, supply of grains such as wheat, rice, barley, and oats has also been decline due to interruptions in supply chain and logistics. Therefore, COVID-19 disease outbreak has moderate to high impact on the cereal ingredients market.

Thursday, June 4, 2020

Baking Ingredients Market to Witness Significant Revenue Growth Through 2022-end

A new report by Persistence Market Research (PMR) has anticipated the global market for baking ingredients to exhibit a steady 5.5% CAGR over the forecast period 2017 to 2022. Revenues from the global baking ingredients market are expected to surpass US$ 16,000 Mn by 2022-end.
Vendors Focusing on Product Differentiation and Service Offering to Increase their Presence in the Market
One of the popular trends being observed in the market is the hike in demand for organic baking ingredients, which include natural flavors, oils, and sweeteners. This is mainly because of growing health-conscious population, and rise in awareness about benefits regarding organic baking ingredients. The global baking ingredients market is highly fragmented in nature, with a large number of large and small vendors operating across the globe.
In a bid to save time of end-users in production, vendors have developed freshly finished products, bake-off products, pre-packed long-life products, and pre-packed ready-to-use part-baked bakery items such as tortillas and donuts. These vendors compete on factors including quality, innovation, service, price, reputation, and distribution of products, while focusing on product differentiation and service offerings, in order to increase their presence in the market.
Global leaders in baking ingredients are making huge investments in various projects through research & development activities, with an aim of developing new innovative products, and increase their customer base.
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Preference of Consumers toward Baked Food Products over Time-consuming Food to Propel Market Growth
Surging need for leisure, time constraints, and hectic lifestyles of people have led them towards adoption of packaged and convenience food. Improvement in economic conditions, and lifestyles of population across developed as well as developing regions have further augmented demand for convenience and packaged food products. This in turn has driven demand for baked products such as bread, pizza, cake, and pastries, consequently fuelling demand for baking ingredients. Increased spending on away-from-home food has led toward a rise in number of artisan bakeries, in-store bakeries, coffee shops, convenience stores, and retail outlets, which are providing various innovative baked food items. Consumers around the world, particularly in North America and Europe, are preferring wraps, pocket sandwiches, and rolls over time-consuming food, on the back of their fast-paced lifestyle. The aforementioned factors are expected to propel the market growth in the upcoming years.
Key Takeaways from PMR’s Report on Global Baking Ingredients Market
  • Accounting for the largest revenue share of the market, North America is expected to remain the most attractive region in the global baking ingredients market. Sales of baking ingredients in North America will register an impressive expansion through 2022. Europe will remain the second largest market for baking ingredients over the forecast period.
  • Colors & flavors, and baking powder & mixes are expected to emerge as the fastest growing products in the market, followed by oils & fats. In addition, sales of baking powder & mixes, and colors & flavors are expected to exhibit similar CAGRs through 2022.
  • Balking ingredients will continue to experience the largest application in bread, with sales poised to surpass US$ 5,000 Mn in revenues by 2022-end. Sales of baking ingredients for application in bread will account for nearly one-third revenue share of the market over the forecast period.
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Key players operating in the global baking ingredients market include :
  • Archer Daniels Midland
  • Associated British Foods
  • Cargilll
  • DuPont
  • BASF SE
  • Kerry Group plc.
  • Ajinomoto Corporation Inc.
  • Dawn Food Products, Inc
  • Bakels Group
  • Angel Yeast Co., Ltd
  • Döhler Group
  • Ingredion Incorporated
  • Lonza Group AG
  • Chr. Hansen Holding A/S
  • Lallemand Inc.
  • Others
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Bio Tech Flavors Market to Surge in the Near Future Owing to Rapid Adoption Across Key Industries

According to the latest market report published by Persistence Market Research titled Bio-Tech Flavor Market: Global Industry Analysis and Forecast 2016–2024’, the revenue generated from global sales of bio-tech flavor has been estimated to be valued at US$ 906.7 Mn by 2016 end and is expected to increase at a CAGR of 11.0% during 2016–2024 reaching a value of US$ 2,092.2 Mn by 2024.
Bio-tech flavor is an alternative to organic synthesis of flavors. Traditionally, fermentation process is used for extracting flavor from its source using micro-organisms and special enzymes. However, with the advancement of technology and increasing food science developments, bio-tech flavor found its use for biotransformation of flavor compound. In some countries such as U.S. and Europe, flavor compounds made with the help of biotech method have been considered as natural compounds.
Market dynamics
Demand of bio-tech flavor is expected to grow at a significant rate over the forecast period, since bio-tech flavor manufacturers are developing new applications which are under developing phase. Bio-tech flavor provides number of health benefits which includes enhancement of antioxidant levels, reduces the risk of metabolic disease including obesity and diabetes, which makes the consumer to consume bio-tech flavor based food and beverages over natural and artificial flavor.
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Bio-tech flavor has less shelf life as compared to shelf life of natural and artificial flavors. As there is no added artificial compound such as artificial preservatives, average shelf life of bio-tech flavors are around six months to one year only. Increasing shelf life of natural and fruity flavor is a real challenge in order to enhance growth of the global bio-tech flavors market. Mostly, vanilla & vanillin flavors are not used in soda drinks due to reaction issues. This is another growth restraining factor for the global bio-tech flavors market in terms of value.
Market forecast
Food along with beverages application segment is anticipated to register the fastest growth due to a growing market for ready-to-eat food and ready-to­-drink beverages. The nutraceutical application segment in bio-active flavor market is at its introductory phase and is expected to grow at a significant CAGR over the forecast period. Moreover, favorable governmental taxation policies are also anticipated to support the growth of the overall bio-tech flavor demand during the forecast period. The food segment is slated to register a CAGR of around 10.5% in terms of value over the forecast period.
Among the flavor type segment, vanilla & vanillin segment is the prominent segment among the rest three flavor type segments. This is primarily owing to increase demand from protein bars, snacks, powder and drinks manufacturers. On the basis of source, the global bio-active flavor market is segmented into fruit and fruit juice along with plant and botanical segment, accounting for more than 60% of total bio-tech flavor market. On the basis of form, powder segment is estimated to lead the market over the forecast period.
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North America accounted for the largest value share of the global bio-tech flavor market in 2016, and is anticipated to increase at a CAGR of 11.1% over the forecast period in value terms. Sales of bio-tech flavor in APAC is projected to increase by 2.7X between 2016 and 2024. In terms of value and volume, APAC is anticipated to register highest growth over the forecast period.
Competitive landscape
  • Givaudan S.A
  • international Flavors & Fragrances Inc.
  • Firmenich SA
  • Symrise AG
  • Takasago International Corporation
  • Sensient technologies Corporation
  • Kerry Group
  • Frutarom Industries Ltd.
  • Others.

Fatty Acids Supplements Market to Witness Surge in Demand Owing to Rising End-use Adoption

According to a new market report published by Persistence Market Research “The Global Market Study on Fatty Acids Supplements: Marine Oil Segment to Witness Highest Growth by 2020,” the global Fatty Acids Supplements market was valued at USD 1,912.0 million in 2013 and is expected to grow at a CAGR of 13.1% from 2014 to 2020, to reach an estimated value of USD 4,477.8 million by 2020.
Increasing awareness among consumers about health, diet, and fitness has helped improve lifestyles greatly. In the recent years, consumers have become more conscious of their diet intake. Fatty acids such as omega-3 offer various health benefits. Omega-3 fatty acids comprise of acidic contents such as Eicosapentaenoic acid (EPA), docosahexaenoic acid (DHA) and alpha-linolenic acid (ALA). These acids are required for regular metabolic activities as the human body cannot synthesize these acids on its own. Omega-3 EPA/DHA content has the ability to reduce the level of unwanted cholesterol in the human body, thereby lowering the risk of coronary heart diseases and blood pressure disorders. Urban populations are more concerned about their lifestyle compared to rural populations.
The lifestyle of the urban population is fast paced. Fast-paced lifestyle along with an aspiration to stay fit attracts people to omega-3 fatty acids. According to the United Nations, the urban population is expected to increase from 3.4 billion in 2009 to 6.3 billion in 2050. With urbanization increasing worldwide, this trend is expected to continue for a long period. Increasing health awareness and medicinal benefits of fatty acids are major growth drivers for the global fatty acids supplements market. In addition, increasing baby boomers population is expected to drive the global fatty acids supplements market. According to the Population Division of the United Nations Department of Economic and Social Affairs (UN-DESA), there were 841 million people aged 60 and above in 2013 compared to 205 million in 1950. The number is projected to reach over 2 billion by 2050.
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North America is the largest market for fatty acids supplements globally. A major factor contributing to the growth of the omega-3 market in Europe is the increasing level of awareness about omega-3 fatty acids. Asia-Pacific is the fastest growing and emerging market for omega-3. Countries such as India and China have high birth rates, which may boost the demand for omega-3 ingredients in infant formula. Birth rate is maximum in India, around 22%, followed by China at 12% in the Asia Pacific region.
The fatty acids supplements market is bifurcated into source (marine oils, algal oils, and others) by value (USD million) and by volume (million tons), application (dietary supplements, functional food and beverages, and others) by value (USD million) and by volume (million tons), and region (North America, Europe, Asia-Pacific, and rest of the world).
In terms of value, the global fatty acids supplements market grew from USD 1,430.0 million in 2010 to USD 1,912.0 million in 2013 at a CAGR of 10.2%. In terms of volume, the global fatty acids supplements market grew from 88.5 million tons in 2010 to 119.4 million tons in 2013 at a CAGR of 10.5%.
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Among the regional segments, the North American fatty acids supplements market (largest market in 2013) increased by 9.2% CAGR during 2010 – 2013 to reach USD 688.3 million in 2013.
The global fatty acids supplements market is highly consolidated, with the top five companies holding 75% market share. DSM leads the market, followed by Epax AS and Croda Health Care.