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Tuesday, 16 July 2019

Fish-free Omega-3 Ingredients Market Value to Reach ~ US$ 1.3 Bn in 2029

The latest market forecast report published by Transparency Market Research on the fish-free omega-3 ingredients market includes the global industry analysis and opportunity assessment for the period of 2019-2029. Revenue generated from the global fish-free omega-3 ingredients market has been estimated to be valued at ~ US$ 590 Mn in 2019, which is projected to increase at a CAGR of ~ 9%, to reach a value of ~ US$ 1.3 Bn by 2029.
Vegans & Vegetarians Demand Fish-free Omega-3 Ingredients and Supplements
All three types of omega-3 are important, but evidence shows that, DHA and EPA have unique benefits, especially for boosting brain health, reducing inflammation, and improving retinal health. For vegans (vegetarians who eat food derived only from plant sources) and vegetarians, it is difficult to get adequate amounts of omega-3 fatty acids in their diet, as the two essential omega-3 fatty acids, DHA (docosahexaenoic acid) and EPA (eicosapentaenoic acid), are mostly derived from fish and animal sources. Omega-3 ingredients derived from plant sources only contain ALA (alpha-linolenic acid), which is a precursor form that gets converted to DHA & EPA inside the body.
Since there are not many sufficient vegan food sources of EPA and DHA, those who follow a vegan diet often have lower levels of these fatty acids in their blood. Therefore, keeping vegan and vegetarian diets in mind, manufactures are developing products from algal oil or plant-based products such as chia seeds, flaxseed oil, canola oil, hemp seeds, walnuts, and others, which are growing as fish-free omega-3 ingredients.
Growing Need for an Alternative to Fish-derived Omega-3 Ingredients
Many fish-derived oil supplements in the market are rancid, i.e. oxidized. Rancid oils/fats can damage cells and contribute to atherosclerosis. Free radicals from rancid oils are known to damage DNA cells. Free radicals are produced by toxins as well as by normal bodily processes, and can cause damage to the arteries and also act as carcinogens.
Fat-soluble pollutants such as polychlorinated biphenyls may biomagnify in marine food chains and end up in concentrated amounts in fishy oil supplements. This accumulation is causing contamination and fastening the process of oxidation of supplement oils/ fats.
Demand for Algae-based Omega-3 Supplements Expected to Grow Rapidly
Fish are the major source of omega-3 for the production of various supplements. Fish obtain omega-3 by consuming algae. Therefore, the usage of algae as a new alternative source to fish is anticipated to grow rapidly in the fish-free omega-3 ingredients market.
Supplements developed from algal oil have the same omega-3 benefits and nutritional content as fish-derived oils. Algal oil is free from contaminants such as heavy metals, bio-accumulated toxins, and pollutants. Vegan diets lack EPA and DHA, which can consumed through supplement products manufactured from algal oil.
Omega-3 - Preferred Ingredient in Convenience and Processed Foods
Increasing health awareness and growing preference for processed food/diets with low fat, sugar, and salt content among consumers are factors expected to prompt the manufacturers of food & beverages to review current marketing practices and adopt new techniques to increase their revenue shares in the fish-free omega-3 ingredients market.

Friday, 21 June 2019

Inulin & Fructooligosaccharide Market Anticipated for Progressive CAGR Growth During 2018-2026

Inulin and fructooligosaccharide are prebiotic food ingredients that stimulate the metabolism and growth of health-stimulating bacteria in the human gut, thus improving an organism’s intestinal balance. Prebiotic fibers can be derived from garlic, chicory, Jerusalem artichokes, and onions, amongst other things. Medically, inulin helps in testing kidney function, and it also acts as a dietary fiber. Inulin has various health benefits, and it is used by food manufacturers to enhance the nutritional value of manufactured food products. On the other hand, fructooligosaccharide helps in reducing blood sugar in the body, as it seems to stimulate insulin secretion in the pancreas. Moreover, fructooligosaccharide also helps reduce digestive issues such as diarrhea or constipation. 
The food and beverage sector is anticipated to play a crucial role in the growth of the inulin and fructooligosaccharide market in the coming decade, as manufacturers are focusing on producing low-calorie sweeteners with the help of inulin and fructooligosaccharide, while ensuring taste, texture, and shelf-life stability of the final products. On a regional level, companies are focusing on enhancing technology for product life enhancement for inulin and fructooligosaccharide in applications such as animal nutrition, beverages, and dairy products. Moreover, in order to offer price benefits to companies, a few regional and local players have started offering inulin and fructooligosaccharide at comparatively lower prices, primarily in countries such as China and India. In addition, the growing demand for functional beverage and food products in these countries is expected to increase the options for various new entrants in the inulin and fructooligosaccharide market in the near future. 
Diabetes is one of the major issues being addressed, globally. The disadvantages of consuming artificial sweeteners are that, they have high fructose content, which leads to obesity. The demand for sugar substitutes is significantly high, considering the after-effects of artificial sweeteners and conventional sugar. Inulin and fructooligosaccharide are one such alternative to traditional sweeteners. Inulin and fructooligosaccharide are organic sweeteners that are foreseen as the best sugar substitutes. Inulin and fructooligosaccharide are usually mixed with other sweeteners, and reduce the calories present in sweeteners. Due to various health benefits, inulin and fructooligosaccharide are being widely used as sugar substitutes by diabetic people.
For instance, in August 2014, in a study done by Chemical and Engineering News in New York, U.S., inulin showed results by increasing the insulin secretion in diabetic people. Therefore, it can be used by diabetics as a sugar substitute. Inulin can be consumed along with other natural sweeteners for sweetness purposes. 
The major cause for heart diseases and diabetes is the high-glycemic index in food products. High-glycemic index content foods are white bread, rice, potatoes, pumpkins, rice cakes, popcorn rice pasta, rice macaroni, and cheese. The consumption of these high-glycemic index foods increase the chances of heart diseases and diabetes. 
In 2014, a study done by Medical News Today suggested that, agave inulin is a healthful alternative for table sugar, as it has a low-glycemic index that can lower blood glucose levels, and eventually make the body less prone to diabetes.
Incorporation of Inulin and Fructooligosaccharide in the Food and Beverages Industry 
Inulin and fructooligosaccharide are prebiotic ingredients that act as a food source for bacteria living in the human gut. These bacteria maintain the overall health of human beings by acting as a catalyst in the digestion of food. Prebiotic ingredients occur in various forms such as fructooligosaccharide (FOS), mannan-oligosaccharides (MOSs), xylooligosaccharides (XOSs), human milk oligosaccharides (HMOs), galactooligosaccharides (GOSs), and others. These ingredients are now being highly incorporated by manufacturers into food and beverage products that are consumed by humans on a daily basis. Probiotics, on the other hand, are the good bacteria that are directly introduced into the lower digestive tract for the stimulation of digestion. But the incorporation of probiotics is a complicated process, as these bacteria are supposed to be kept alive until they reach the human gut. Whereas, prebiotics do not have any live bacteria and are based on food ingredients, which can be easily introduced into various food and beverage products for consumption without any special storage requirements, due to which, the demand for inulin and fructooligosaccharide is increasing significantly, and is expected to bolster market growth over the forecast period.

Dried Potatoes Market Report 2018-2027 Attractiveness and Key Players

Potato is an essential crop which is widely used in the food processing industry and the retail sector in various food products and cuisines. Dried potatoes is a result of the removal of water from the crop. The potatoes is dried using several drying methods including air drying, drum drying, spray drying, freeze drying, and vacuum drying. Drying and water removal helps in extending the shelf life of the potatoes and increases its usability while maintaining the texture and taste of the potatoes. In terms of value, the global dried potatoes market is expected to reach a market value of US$ 3368.4 Mn by the end of 2027, with an anticipated CAGR of 3.5% over the forecast period. The global dried potatoes market is expected to reach volume production of 9,675,519 MT in 2027. 
Growth in Demand for Convenience Food Drives the Market for Dried Potatoes 
Busy lifestyle and hectic schedule are making consumers seek convenient food products which are easy to use, ready to eat, fast in cooking and convenient for extended storage. There are a number of vegetables which are dried and used to provide consumers easy and ready to eat food choices. The potatoes are a popular dried vegetable which can be dried by various advanced drying techniques thus enabling it to fulfill the criteria for convenient food products. The convenient food products quest is flourishing due to the increased value of time and increased disposable income which is leading to the growth of dried potatoes market
Robust growth in the food processing industry is also fueling the demand for dried potatoes owing to its multiple uses in the processed foods. Dried potatoes has made consumers enjoy flavorful and tasty food, which devour less time for preparation. The increasing demand for processed foods like snacks, functional flour, meat products, and others has led to in rising demand for dried potatoes.
Increasing Consumption of Processed Potatoes 
Rapidly changing potatoes consumption pattern among the population is gaining the attention of manufacturers to bring dried potatoes in their product portfolio. According to FAO data, less than 50% of potatoes are consumed fresh, and rest is processed to value-added products and dried potatoes. Increasing attractiveness of processed potatoes among the consumers due to its broad application in various dishes and culinary, owing to its binding and thickening ability in food products is boosting the market of dried potatoes. 
Longer Shelf Life of Dried Potatoes 
Dried ingredients and food like dried potatoes are witnessing an upsurge in demand owing to a number of technologies which are being used in their production. Techniques such as air drying, drum drying, spray drying, freeze drying, and vacuum drying have affected the potentials of using dried potatoes for a longer time. Dried potatoes extended shelf life, which helps consumers and B2B industries like food service providers and food processors to use dried potatoes for an extended period of time. Due to an escalation in shelf life, the use and applications of dried potatoes have attained broader prospects and usability. 
Rising Demand for Gluten-free Dried Food Offerings 
Consumers are opting for gluten-free diets, owing to several health concerns. The push towards living a healthy lifestyle and indulging in healthier food options is pushing manufacturers to process foods with gluten-free dried foods. Thus, Gluten-free and rich in starch, dried potatoes flour is used by the food processing industry. The dried potatoes flour is used as a binding and a thickening agent in meat mixtures and gravies, sauces, and soups. The gluten-free nature of dried potatoes fulfills the consumers demand gluten-free food and ingredient.

Dried Vegetable Market: Understanding the Key Product Segments & Future 2018 - 2026

Drying vegetables is one of the oldest techniques used to preserve vegetables for a long duration of time. The principle behind preservation by drying is to reduce the moisture content from fresh vegetables to a level where microorganisms such as bacteria, mold, and yeast are unable to grow and spoil the vegetable. Solar drying is the oldest method, and many new advanced technologies are being used in the dried vegetable market. With the use of modern technology, dried vegetables have better flavor, color, aroma, acceptability, and rehydration. High quality dried vegetables have less than 10% moisture content, the absence of defects, and fast rehydration ability. Commonly available dried vegetables are carrots, tomatoes, potatoes, mushrooms, peas, and others. Dried vegetable are extensively used in food manufacturing companies, and used in the manufacturing of tomato ketchup, chutneys, sauces, salads, pickles, meat sausages, masala bread, breakfast foods, and evening snacks. 
Due to increasing health awareness, people are seeking food products with high nutritional value and fibrous content. Dried vegetables retain nutrients and fibers in the concentrated form, and are recognized as a healthy snacks option among the population. The high content of dietary fibers in dried vegetables has many health benefits, such as it is associated with decreasing the risk against cancer types such as colorectal cancer, gastrointestinal cancer, and others. Dried vegetables are also gaining a lot of attention in the vegetable market due the ability to conveniently store and transport them. Drying the vegetables also prevents postharvest loss, and loss during the storage and transportation of fresh vegetables. In the dried vegetable market, a majority of the demand comes from Asia Pacific and Europe. Asia Pacific also holds a major share in the production of dried vegetables in the global dried vegetable market. According to FAO data 2016, China and India are the highest producers of fresh and dried vegetables, and also account for the highest export of dried vegetables to other regions. Due to an increase in the demand for dried vegetables, it is anticipated that, there would be higher returns on dried vegetables for investors in the coming future. 
The dried vegetable market is witnessing an upward push in the global vegetable market, due to modern and advanced technologies being used for their processing. Technologies such as vacuum drying and freeze drying have increased the possibility of consuming dried vegetables for an extended period of time. Dried vegetables have a longer shelf life, ranging from several weeks to even months, which enables consumers to devour them anytime during the near future. The increase in the shelf life of dried vegetables is due to a reduction in the moisture content as compared to fresh vegetable, which maintains an undesirable environment from microbial growth. Due to advancements in drying technology, the dried vegetable market has grown remarkably over the last few decades, and can be anticipated to grow even more over the forecast period. 
On the other hand, the approval of regulatory authorities has also opened the doors for dried vegetable manufacturers who have analyzed the capacity of this enterprise and have begun the delivery of the latest trending products. Companies such as Olam International, Symrise AG, Mercer Foods, LLC, and others have been producing dried vegetables from the past many years. Many new players are emerging in developing countries, after analyzing the future scope of the flourishing dried vegetable market. 
Dried vegetable manufacturers are looking to capitalize on the packaging trends, and this aspect has never been more important. Companies are trying out innovative new packaging solutions to differentiate their products in the hands of consumers, in the freezer aisles, and as well as on filling lines, which can optimize the sales of dried vegetables without affecting their quality. While buying a product, consumers match the packaging and labeling with the quality of the product. The advertisements of dried vegetables with proper placement opens the door for sales for these companies. Most customers feel that, without good packaging, the product is either a local product or a low-quality one, and sometimes a cheap product. 
Companies have started to innovate their packagings by using images of kids, youth, and animated pictures of trees and animals to attract customers, and relate their product as healthy that gives a better and happy life.

Lemon Essential Oil Market Will See Strong Expansion Through 2027

Lemon essential oil is defined as oil that is processed from fresh lemon peels, which is used as a food additive by enhancing the traditional lemon flavor. Lemon essential oil is generally manufactured by the cold pressed method, wherein, the fresh fragrance of lemon is maintained throughout the process. Due to its exotic fragrance, lemon essential oil also finds remunerative application in the cosmetic and personal care industries, along with food and beverages. Lemon essential oil is a highly concentrated flavoring ingredient, which enables its huge industrial application.
The demand for natural food flavors such as lemon essential oil in China and India is expected to increase during the latter years of the forecast period. This is primarily attributed to the launch of new products with natural ingredients, such as lemon extract, concentrates, and others. In Asia Pacific, lemon essential oil is the most preferred flavorant among other citrus flavors.
Among the nature segments in the lemon essential oil market, the organic lemon essential oil segment is expected to register the highest growth rate of around 6.6%, owing to increased consumer health awareness regarding organic products due to their health benefits. However, the conventional lemon essential oil segment had the highest market share in the year 2017, owing to its affordable prices and accessibility.
Aromatherapy is the treatment of certain minor physical conditions using aromatic essential oils for relaxation, rejuvenation, and focused concentration. Practitioners of this therapy consider that the aroma of natural, organic, and concentrated oils can have several vitalizing benefits on the body. Lemon essential oil can be used in various ways, such as through inhalation, massages, bathing, showers, perfumeries, and others. There is an increasing demand for therapeutic and aromatic oils such as lemon essential oil across the world, due to the growing preference for harmless, convenient, and natural alternatives to traditional allopathic solutions. Thus, the shifting consumer preference in aromatherapy directly contributes to the revenue increase in the lemon essential oil market, and is therefore an important driver for market growth. The other advantage is that, lemon essential oil is priced much higher than all other products in which lemon essential oil is an ingredient.
Lemon essential oil is used as a key ingredient in home care products as a source of fresh aroma and due to its detoxifying property by eliminating harmful microbes present in the closed environment. This property makes lemon essential oil ideal for use as a surfactant, and in household cleaners and sanitary products. The increasing demand for lemon essential oil in home care products is anticipated to increase the consumer preference for cleaner and safer cleaning solutions. Limonene is a key component of lemon essential oil, and imparts several of the beneficial properties associated with lemon essential oil. Limonene can be a replacement for several other solvents such as acetone, mineral spirits, glycol ethers, and toluene. Thus, lemon essential oil is expected to have extensive application in home care products during the forecast period.
The excessive use of antibiotics for promoting animal growth and preventing livestock diseases has led to antibiotic resistance in most farm animals. This antibiotic resistance is further transmitted to humans when the meat of farm animals is consumed. The high consumption of meat has escalated this problem to concerning levels, with antibiotic resistance being considered as a significant threat to humans across the world. Oils derived from citrus peels, such as lemon essential oil, are considered as potential alternatives to animal feed antibiotics. Lemon essential oil is expected to be an ideal alternative to antibiotics, as it has the potential to induce growth in animal, and also helps in preventing diseases. Thus, lemon essential oil is expected to have greater opportunities in the animal feed industry during the forecast period.
Bound to all the above driving factors, it is anticipated that, the global lemon essential oil market would proliferate in terms of value and volume during the forecast period.

Wednesday, 19 June 2019

Marine Ingredients Market: Macroeconomic Factors Likely to Boost Growth of the Market

With reference to the latest market forecast report published by Transparency Market Research, titled ‘Marine Ingredients Market: Global Industry Analysis and Opportunity Assessment 2019-2027', revenue generated from the global marine ingredients market is estimated to be valued at around US$ 7,144.9 Mn in 2019, which is projected to increase at a CAGR of 5.3% during the forecast period (2019-2027).
The steady growth of the global aquaculture industry is expected to seek higher demand for farm fish feed over the forecast period, creating a prospect for manufacturers to cater to the increasing demand for marine ingredient across the globe over the forecast period. Europe is the primary consumer of marine ingredients and is estimated to contribute around 40.1% value share of marine ingredients over the forecast period, owing to increased penetration of key marine ingredients producers in the market.
Moreover, the domestic consumption of fish meal in Canada and the US is relatively low as compared to the fish meal export from these countries. Despite a reduction in the feed inclusion ratio of fish meal in animal feed, the booming aquaculture industry is expected to furnish new business opportunities for fish meal manufacturing companies, especially those which are established in the Atlantic Canadian region, due to the higher availability of fish resources for fish meal production.
West African seacoasts are proving to be promising regions for the investment of marine ingredient businesses, due to the presence of rare fish species which are valuable for the production of fish meal and fish oil. The establishment of these industries, in turn, may offer employment to the needy and poor, as unemployment and poverty is one of the major issues Africa is facing. Understanding between industrialists and the locals, and also the availability of plenty of resources, is likely to spur the growth of the marine ingredients market in this region.
The European region is extensively engaged in salmon aquaculture. Salmon aquaculture includes the farming and harvesting of salmons for commercial as well as recreational purposes. Marine ingredient specially the fish meal is a primary source of salmon feed, and this converts as an important driver in the growth of the marine ingredients market here.
There are many types of fish meal available in Europe - high quality and low quality. Salmon feed requires fish meal pellets which are high in nutrient content. High quality fish meal is relatively expensive, and hence, salmon aquaculture is a major factor in the growth of the marine ingredients market in this region.
Rise in demand of halal fish oil is dependent on consumer behavior toward fish oils and healthy foods (fortified), and budding demand for nutraceuticals. Around 20% of world population has Muslims. With major concentration of Muslim population in Middle-East and Africa followed by Asia-Pacific region, there is strong demand for halal foods including halal based fish oil, which is expected to bolster the demand for marine ingredients market over the forecast period.
This TMR report contains the current trends that are driving each market segment, and offers detailed insights and analysis into the potential growth of the global marine ingredients market. The last part of the report includes the competitive landscape of numerous market players to provide a comprehensive and comparative dashboard.
TMR has profiled the most prominent companies that are active in the global Marine Ingredients market, such as Hofseth BioCare ASA, TripleNine Group A/S, Bio-marine Ingredients Ireland Ltd., SA Copalis, Symrise AG, Scanbio SA, Bio-Oregon Protein, Inc., Cargill Inc., A. Costantino & C. S.P.A., Alaska Protein Recovery LLC., Titan Biotech Limited, Jiangxi Cosen Biochemical Co., Ltd., and Gelita AG among others.

Legalized Cannabis Market Expected to Expand at a Steady CAGR through 2027

With reference to the latest market forecast report published by Transparency Market Research, on the title ‘Legalized Cannabis Market: Global Industry Analysis and Opportunity Assessment 2018-2027', revenue generated from the global legalized cannabis market has been estimated to be valued around US$ 19.96Bn in 2018, which is projected to increase at a CAGR of 17.2% to US$ 81.4Bn in 2027, during the forecast period (2018-2027).
The global legalized cannabis market is segmented on the basis of end use, form, product, compound, and region. On the basis of end use, the legalized cannabis market is segmented into medicinal and recreational cannabis. The recreational end use is anticipated to account for a value share of 52.3% in the year 2018 owing to increasing number of countries legalizing cannabis, and growing demographics of youth inclined towards consuming cannabis.
On the basis of product type, the market for legalized cannabis is categorized into cannabis herb and cannabis resin. Cannabis herb is expected to dominate the product type segment with a market share valued at 73.8% in 2018. The legalized cannabis market is further bifurcated on the basis of form into whole and processed segment. The raw cannabis market is expected to register a fuelling CAGR of 17.4% over the forecast period.
On the basis of compound, the legalized cannabis market is divided into THC dominant, CBD dominant, and balanced THC & CBD. The THC dominant cannabis is anticipated to account for more than 50% value share of the global legalized cannabis market on the basis of compound.
The report for the legalized cannabis market has been segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. North America constitutes 63.1% of the market share for legalized cannabis market in the year 2018. The region is anticipated to register a bolster CAGR of 18.2% over the forecast period. Legalized cannabis is gaining market traction in North America due to escalating demand among consumers and increasing legalized cannabis for medical and recreational uses.
Besides, high private and public investment for research and the development of safer forms of legalized cannabis for consumption such as oils, vapes, and tinctures, and other edibles are anticipated to positively reinforce market growth in the North America. Besides, globally medicinal cannabis is witnessing a growing demand and countries are rapidly in surge of legalizing the medical usage of cannabis which is expected to increase the legalized cannabis multiple folds over the forecast period.
Countries are moving towards legalization of cannabis for recreational purposes to prevent illegal usage, trafficking, and crime, this in turn is expected to thrust the growth of recreational cannabis. The ease of availability of recreational cannabis along with the lengthy purchase and approval process for medical cannabis prescription is expected to trigger this change and boost recreational cannabis market.
TMR has profiled the most prominent companies which are active in the global legalized cannabis market, such as Medical Marijuana Inc., Aphria, Inc., CannTrust Holdings, Inc., Tilray, Inc., Aurora Cannabis Inc, Terra Tech Corp., Cronos Group Inc., VIVO Cannabis Inc., STENOCARE, The Supreme Cannabis Company, Inc., Cannabis Science Inc., Wayland Group Corp., OrganiGram Holdings Inc, and Canopy Growth Corporation