Canned Tuna Market Estimates a CAGR of 3.8% over 2017-2025

According to the latest market report published by Transparency Market Research titled “Canned Tuna Market’: Global Industry Analysis and Forecast 2017-2025,” the revenue generated from canned tuna has been estimated to be valued over US$ 10,496.1 Mn in 2017, which is projected to increase at a CAGR of 3.8% during the forecast period (2017-2025).

Market Taxonomy: By Species, Distribution Channel, and Region

By species type, the global canned tuna market is segmented as albacore, skipjack tuna, yellowfin tuna, Bluefin tuna, bigeye tuna and longtail tuna. By distribution channel the market is segmented as direct and indirect. Furthermore, by indirect channel, the market is segmented as hypermarkets/supermarkets, specialty stores, online channels, convenience stores and others. By end use, the market is segmented as foodservice and households.

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On the basis of region, the market in Europe is anticipated to dominate the global canned tuna market both in terms of value and volume in 2017. North America is expected to gain significant market share in revenue terms by 2025 end. This trend is attributed to the consumer dependence on canned tuna as demand for processed and ready-to-eat food is growing in this region. Moreover, BENELUX is projected to exhibit significant CAGR in terms of value during the forecast period.

While the consumer demand for canned tuna witnesses a downward trend, the increasing demand from the Middle East is leveling off this decline, and emerging as an attractive market for ASEAN canned tuna exporters. The exemption from import duties in the Middle East has led to higher exports in this region. Egypt, Saudi Arabia, and Israel are the largest importers of tuna in the Middle East, accounting for 21%, 19%, and 11% import share, respectively. The import tariff in most of the countries in this region is only 5%, which is very low as compared to the U.S. and the EU. In spite of the large scope for fishing, the Middle Eastern region is poorly developed in fishing, and hence, is heavily dependent on imports from ASEAN countries, especially Vietnam. High demand from non-traditional markets is the only rescuer of the canned tuna market from declining in the near future.

US Canned Seafood Market to Face a Downward Trend

Overfishing has led governments to ban commercial fishing in parts of the Pacific Ocean. The ban on fishing has led to the overall lower supply of tuna, consequently leading to higher prices of canned tuna. Higher prices have, in turn, led to lower demand for canned tuna from regions such as Europe. Tuna species such as yellowfin are overfished and are categorized as an endangered species. Concerns against overfishing are growing and are leading to the fluctuating supply and demand of canned seafood, globally.

In the U.S., the canned seafood market is also indicating a clear downward trend due to the lack of sustainable and regular supply of its main product. Consumers in the U.S. and Europe are highly concerned about dolphin deaths caused due to tuna fishing. A vast number of dolphins have been killed during tuna fishing, and consumers are averse to buying products that have resulted in the deaths of this large by catch. Consumer sensitivity towards the sustainability of canned tuna dictates the growth of the market. The dolphin safety issue has been trending in the canned tuna market over the past many years and is still a major obstacle being blamed for the decline of the canned tuna market.

Key Market Players

Some of the major companies operating in the global Canned Tuna market are Thai Union Group, Alliance Select Foods International, Inc., Ocean Brands GP, Bumble Bee Foods, LLC, StarKist Co., Raincoast Trading Company, Princes Group, Golden Prize Canning Co., Ltd., PT. Aneka Tuna Indonesia., Wild Planet Foods Inc.., Hi-Q Food Products Co., Ltd., American Tuna Inc., Safcol Australia Pty. Ltd., Conga Foods Pty Ltd, Millaton Fishery Co. Ltd., Sadr Darya Co., Dorj Group Companies, Tohfe Food Product Company, C-Food International LLC and Pegasusfood Co., Ltd.

Global Flour Market to Exhibit 3.8% CAGR During 2014-2020

Global Flour Market: Snapshot

Flour consumption is witnessing a steady growth across the globe owing to the rising demand for bakery and fast food products among different classes of consumers. The increasing number of cafes and fast food restaurants worldwide is driving the flour market. Moreover, the development of flour milling industry in the developing regions such as Asia Pacific and the Middle East and Africa is working in favor of the growth of the market. The growing population and decreasing flour prices along with the establishment of new flour mills are supporting the demand for flour in these regions, which in turn is fuelling the overall market.

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However, the market is adversely affected by the rising awareness regarding the health hazards of gluten. Due to high gluten content in wheat flour, consumers are shifting to its substitutes. The opportunity in the global flour market was pegged at US$198.57 bn in 2015 and is poised to reach US$254.82 bn by 2020, rising at a CAGR of 4.3% from 2014 to 2020.

Growing Uptake of Bread-based Fast Foods to Fuel Growth of Bread and Bakery Products Segment

Based on application, the bread and bakery products segment will continue to dominate until 2020, accounting for 37.77% of the overall market revenue. The increasing consumption of bread-based fast foods in emerging countries is augmenting the growth of the segment. The rising health awareness among people in different countries is leading to the increased demand for gluten-free brown bread flours, thereby contributing to the growth of the segment. On the other hand, the non-food application segment is anticipated to expand at a CAGR higher than any other segment during the forecast period.

On the basis of technology, dry milling will continue to command the leading share, representing 92.90% of the overall market revenue. Wide applications of dry technology among flour millers is driven by multiple factors, including less complex milling process, low-cost advantage, and compatibility with wheat flour milling process. The growing acceptance of non-gelatinized flour is also driving the adoption of dry technology among flour millers globally. The wet drilling technology will expand at a CAGR of 6.4% during the same period.

Europe to Lead Revenue Generation through 2020 Owing to Evolution of Value-added Processed Bakery Industry

While Europe will be the dominant regional market in terms of revenue throughout the forecast period, Asia Pacific will continue to be the leading volume contributor. In countries such as the U.K. and Germany, increase in domestic production of wheat for making bread has triggered the growth of the flour market in Europe. Evolution of the value-added processed bakery industry in the Netherlands, Italy, Germany and France among others is estimated to drive future growth of the region.

In Asia Pacific, the flour consumption is driven by the growing population, increasing consumer expenditure on staple food, rising disposable income, and the growing demand for fast food. Moreover, the increasing consumption of flour based noodles, breads, and other products is providing significant boost to the growth of the region. The Rest of the World market for flour is expected to exhibit a CAGR of 5.2% during the same period. The development of the retail bakery market in the Middle East is assisting the growth of the market. Moreover, the increasing wheat planting in Chile and other Latin American countries is leading to the rise in domestic wheat flour production output in this region.

Some of the leading players in the market are Archer Daniels Midland Company, Ardent Mills Canada, Associated British Foods plc, ConAgra Foods Inc., Hindustan Unilever Limited, General Mills Inc, Hodgson Mill., ITC Limited., White Wings, King Arthur Flour Company Inc., and Wilmar International Limited. 

Fruit Pulp Market Driven by Changing Consumer Preferences towards Healthy & Non-Genetically Modifies Food

Fruit Pulp is processed fruit products which are useful in the preparation of various food, beverages, cosmetics and other products. The production of Fruit Pulp requires extraction of juice with the crushing of membranes of the fruit which contains juice and then processing it to make it a thick paste. Fruit Pulps helps in maintaining the underlying basis for organic agriculture and interaction of the ecological effects of the inputs into our food supply. Fruit Pulps retains most of the nutrients of fruit and thus preferred in various food and beverage products. Fruit pulp consists of more fiber due to the presence of crushed membrane of the fruit and hence is more beneficial as compared to juice concentrate. However, fruit pulp carries an intense flavor of the fruit which limits its use in the beverage industry. Consumers prefer a smooth texture globally, and hence the application of fruit pulp is confined to developing countries. A wide range of fruit juice made from fruit pulp is present in emerging markets such as China, India, Indonesia, the Philippines, etc. Also, a significant range is available in Developed regions which are not widely accepted in developed countries due to strong taste and thick texture of fruit pulp. The fruit pulp is widely used in North America and Western Europe in bakery industry due to its features. In other regions, Fruit Pulp consumption is limited. Recent innovations and launch of GMO fruit in the market is increasing the production of fruit due to high yield and thus bringing the demand-supply gap. Despite all the positive and negative things, Fruit Pulp market has witnessed an exponential growth in the global market which is expected to continue because of high demand among the consumers.

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Fruit Pulp: Market Dynamics

Fruit Pulp market is mainly driven by the changing consumer preferences towards healthy and non-genetically modifies food. Adverse effects have reduced the demand for GMO and Non-GMO food. Fruit Pulp doesn’t create any harmful consequences on soil and human health whereas GMO fruit pulp can have both the problems. Changing preference toward nutritious and healthy products is the new trend for which companies are launching innovative products to supplement the demand of modern society. Fruit Pulp market will face a surge in demand as many food producing companies started focusing on Organic foods. As per the experts, there is no scarcity of Fruit Pulps and farmers are willing to grow Fruit crops, but in the long run, the supply-demand chain will disrupt due to the low yields which will create an opportunity for Fruit Pulp suppliers and farmers. Fruit pulp has a longer shelf life than the fruit itself due to which Fruit Pulp market is expected to grow during the forecast period.

However, Fruit Pulp comes along with many restraints. Fruit Crop can persist use of synthetic pesticides, herbicides, the residue of hexane, sewage sludge, growth promoting antibiotics and ractopamine drug residue which are harmful to nature and humans, which can get reflected in fruit pulp. Fruit pulp can also generate bacteria and virus quickly as compared to other types of fruit concentrates.

Fruit Pulp market has an opportunity to replace raw fruit consumption due to changing food preferences.

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Fruit Pulp: Segment Outlook

Fruit Pulp market can be segmented on the basis of type which includes mango, strawberry, apple, guava, citrus fruit, berries, grape and others (pear, kiwi fruit, passion fruit, etc.). The Fruit Pulp market can be segmented on the basis of form which includes liquid and powder. The Fruit Pulp market can be segmented on the basis of form which includes brine, syrup and water. Fruit Pulp market can also be segmented on the basis of the application which includes Food (bakery and confectionary, dairy and condiments, desserts and others (concentrate, etc.)), Beverage (Juice and Others (Cocktails, mocktails, etc.))

Fruit Pulp: Regional Outlook

Regional coverage for Fruit Pulp market includes North America, Latin America, Europe, Asia-Pacific and China and the Middle East and Africa. Fruit Pulp market witnesses a high demand in APEJ region due to the vast plantation and historical presence. Changing consumer perceptions in these areas will boost the growth of the market. However, the Fruit Pulp market is expected to grow significantly in North America and Europe region as consumers have widely adopted this Puree.

Fruit Pulp: Market Players

The market participants in Fruit Pulp market are Iprona AG, Doehler GmbH, Agrana Group, Conagra Brands Inc., Tianjin Kunyu International Co. Ltd. and many more.

Paprika Extract Market Driven by Growing Demand in the Specialty Food Market

Paprika Extract: Market Overview

Paprika extract, also known as Capsicum annuum L by its botanical name, is the extract of the genus Capsicum fruit. Capsicum is widely consumed all around the world as a vegetable, spice or color. It is used as the spice and as a natural food coloring and flavoring agent. Paprika oleoresin is the oil obtained from the paprika powder. The paprika extract is responsible for the range of orange to red color in commercial products. It has little or no pungency, unlike paprika oleoresin. Paprika extract constitutes carotenoid pigments, capsaicinoids, added or extracted vegetable oil and natural lipids. The paprika extract is mainly used in household consumption, food, pharmaceutical and cosmetic industry. It is generally present in powder and oil form.

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Paprika Extract: Market Dynamics

The paprika extract market is blooming considering various factors such as increasing demand for spices and oils in the food processing, rising awareness about the health benefits of the natural coloring agents over the artificial one, and growing demand in the specialty food market and ready to eat dishes. Paprika extract market is also gaining the traction due to its flavoring and coloring properties, its anti-bacterial, anti-fungal, and anti-oxidant properties preferred by food, pharmaceutical and cosmetic industries for hair care and skin care products. The macro-economic factors such as economic growth, changing lifestyle along with rising disposable income favors the demand for paprika extract in the market.

The factors affecting the paprika extract market are its side effects on sensitive skin, or to infants. The color and flavor of the food containing paprika extract do not depend on the amount of paprika extract used. Thus it self-limits its use. The paprika extract is avoided in the products where N-nitroso compounds are formed as it has cancer causing effects. All the above factors hampers the paprika extract market

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Paprika Extract: Segment Overview

Attractive, colorful food products and dishes are the trends of food Industry. Thus manufacturers rely on the natural agents for coloring and flavoring of the food and other commercial products. By the product type, there are the variety of forms of paprika available in the market depending on its applications. Colorant, vegetable, spice and paprika oleoresin are the different types of paprika. Based on its end user industry, the paprika extract market is segmented into food, pharmaceutical, and cosmetic industry. For the food industry, the paprika extract is used in various dishes, products for color and flavor enhancement. It is used in pasta, sausages, meat products and also for household consumption. Considering its antibacterial and anti-oxidant benefits on the health, the paprika extract is used for the various medical purpose and is thus used in the pharmaceutical industry. It is also useful for anti-dandruff oils and shampoos and is used in various hair and skin care products and for as a coloring agent for the same. The paprika extract is used extensively as a natural coloring agent food foods such as culinary, meat products, oil, and cheeses.

Paprika Extract: Regional Overview

The major market for the paprika extract is North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Japan, and the Middle East and Africa. Due to improved production and processing technology, Asian countries such as China, India, are expected to have rapid pace in the paprika extract market. European and North American countries show significant growth in the market.

Paprika Extract: Market Players

Some of the paprika extract market players are

• Chr. Hansen, EVESA,
• Ingredients Naturales Seleccionados,
• Synthite Industries Ltd,
• Kalsec Natural Ingredients,
• Kancor Ingredients Limited,
• Plant Lipids and Naturex.
• Adani Pharmachem Private Limited,
• Kancor Ingredients Limited, Plant Lipids,
• Givaudan,
• Ozone Naturals,
• Universal Oleoresins

Nisin Market Globally Expected to Drive Growth through 2027

Global Nisin Market: Overview

Nisin, a polycyclic antibacterial peptide produced by fermentation of a food grade bacteria is commercially used as a food preservative. The nisin is a natural food preservative and widely used in processed foods, majorly in dairy products, juice, canned foods and meat to increase the shelf life of the foods. Nisin is effective across a pH range of 3.5-8 and regarded as safe by the various food safety authorities in different countries, including WHO, FDA. The use of nisin inhibits the growth of pathogens and other strains to keep the food fresh. The use of nisin in brewery industry is growing at a faster rate. This is owing to the activeness of nisin in combatting the gram-positive bacteria. The gram-positive bacteria are the source of contamination in brewery industry, and usage of nisin can eliminate up to 90% of gram positive bacteria. Thus, preventing the brewery industry from economic damage. Besides, from the consumer point of view, the global nisin market is also at its growth phase owing to the consumer demand for natural and minimum processed foods. This demand has also led towards, development of new products which displaces heat treatments by other special treatments capable of maintaining the nutritional properties as well as the taste of the foods.

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Global Nisin Market: Drivers and Restraints

The nisin is gaining widespread interest in the food industry owing to its feasibility in various applications such as meat/ poultry, dairy, fruits & vegetables, beverages etc. The nisin is effective against the wide spectrum of gram-negative and gram-positive bacteria, which is one of the key driving factors for the growth of global nisin market. Furthermore, nisin has surface active molecules which can easily bind with different compounds thereby killing bacterial cells which adhere to it. Owing to this property functions, it is also considered an important antimicrobial agent in the active packaging. The growing use of the active packaging is also one of the aspects driving the global nisin market. Other factors contributing in driving the global nisin market is its natural way to safeguard the food, extending the lifespan without altering the taste, allows to reduce the processing temperatures and easy to use. Since, the nisin is declared safe by most of the independent authorities of food safety, such as WHO, European Food Safety Authority, boosts the global nisin market

Global Nisin Market: Region wise Outlook

The global nisin market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and the Middle East and Africa (MEA). North America holds the major share in the global nisin market. Meat-offering establishments are the highest demanding end-users in the North America region. The cheese industry and other dairy industries offer a wide opportunity for the growth of nisin market in the region. The nisin market in Western Europe is far more established and stable with the presence of key players such as Royal DSM N.V. and Danisco A/S. These players also dominate in the global nisin market, constituting major share. The nisin market in APEJ is evolving and growing at a faster rate with new entrants in the market. Also, regulatory measures in China is becoming stricter owing to the lack of quality standards when compared to the European or other international counterparts, since it affects the export of nisin to other West region countries.

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Global Nisin Market: Key Players

Some of the key players identified in the global nisin market include:

•   Royal DSM N.V.
• Siveele B.V
• Shandong Freda Biotechnology Co., Ltd.
• Danisco A/S
• Galactic
• Zhejiang Silver-Elephant Bio-engineering Co. Ltd.
• Chihon Biotechnology Co., Ltd.
• UAB Baltvita
• Cayman Chemical
• Amtech Biotech Co., Ltd

Vegetable Carbon Market Driven by High Demand for Processed Food Products

Global Vegetable Carbon Market: Overview

Vegetable carbon is odourless, insoluble, black color powder used as a food color in products such as ice cream, baked goods, icing, and confectionery products. Authority in the Europe and Canada approves vegetable carbon as a food colorant whereas it is banned in the U.S. Vegetable carbon is known as carbo medicinalis vegetabilis, carbon black, or vegetable black. It is produced by charring or steam activation of vegetable fibers. The vegetable carbon is produced by carbonization of the various source at high temperature including coconut shells, peat, cellulose residues, wood, and other shells. The Western Europe vegetable carbon market accounts for relatively high revenue share, followed by Asia Pacific vegetable carbon market over the forecast period, attributed to relatively high demand for processed food and confectionaries across the regions.

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Global Vegetable Carbon Market: Dynamics

Some of the important factor fuelling the growth of global vegetable carbon market include high demand for processed food products, growing the pharmaceutical and cosmetic industry, and increasing demand for natural food colorants. To counter the same, vegetable carbon market players are investing in research and development and production of vegetable carbon to meet the regulatory specification with increasing demand. Some macroeconomic factors making a positive impact on global vegetable carbon market includes increasing population, the rapid rate of urbanization, and growing domestic income. Whereas, health hazards of vegetable carbon on the workers working in vegetable carbon manufacturing plant for a long time and on the consumers consuming for a longer period leads to restraining the global vegetable carbon market. The trend identified in the global vegetable carbon market is mergers and acquisitions between vegetable carbon producers and food manufacturers. The company manufacturing vegetable carbon products has a significant opportunity in regions such as Europe, and Asia Pacific, attributed to high demand for natural food colorants and high demand for confectioneries. Companies have a significant opportunity in global vegetable carbon market through collaboration with end-users i.e. food product manufacturers.

Global Vegetable Carbon Market: Regional Overview

By geographies, the global vegetable carbon market is segmented into seven regions -- North America, Western Europe, Asia-Pacific except Japan, Eastern Europe, Latin America, the Middle East & Africa, and Japan. Among the regions, Western Europe accounts for a relatively high share of the global vegetable carbon market in terms of value, owing to high demand for food colorants in the region. Asia Pacific is followed by Western Europe in the global vegetable carbon market, attributed to rapidly rising demand for processed food and beverages across the region. Eastern Europe and Japan also accounts for significant value share in the global vegetable carbon market. The North America is expected to account for relatively low value as well as volume share in the global vegetable carbon market, owing to the restriction of the use of vegetable black in the U.S. market. Latin America and Middle East Africa is expected to have relatively high opportunity for vegetable carbon market players, attributed to high demand for bakery and confectionery products in the region. Overall, the outlook for the global vegetable carbon market will have a positive growth over the forecast period.

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Global Vegetable Carbon Market: Key Players

Few players of vegetable carbon market include DDW The Colour House, Jiangmen Goody's Food Co., Ltd., Bolise Co., Ltd., Wpasta Co. LTD., Guangzhou WellLand Foods Co., Ltd., Chr. Hansen Holding A/S, Univar Food Ingredients, Dynasty Colourants Co., Ltd., KF Specialty Ingredients, Hawkins Watts Australia, and Holland Ingredients.

Papain Market Driven by Increasing Demand for Natural Enzymes

Global Papain Market: Overview

Papain is a natural cysteine proteolytic enzyme present in mountain papaya (Vasconcellea cundinamarcensis) and papaya (Carica papaya). It is native to Latin America and is also called as papaya proteinase I. It is used to tenderize meat eaten as it breaks down tough meat fibers. Papain is an active component in powder form for meat tenderizers and has a huge demand in the global market. Papain also used in chemo-mechanical dental caries removal gel known as Papacarie, as a tooth whitener in mint sweets and toothpaste, to clean up dead tissue in chronic wounds, as a component of many enzymatic debriding preparations, and cell dissociation in cell culture preparations. The end-use industries of the papain include leather, food & beverages, detergents, cosmetic, tanning, optical, photographic, textile, and pharmaceutical. The North America papain market accounts for relatively high revenue share, followed by Western Europe papain market over the forecast period, attributed to relatively strong demand for papain and broad availability of raw material in the regions.

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Global Papain Market: Dynamics

Some of the important factor fueling the growth of global papain market include rising health concern among the consumers, high demand for meat tenderizers, and increasing demand for natural enzymes. To counter the same, papain market players are investing in research and development and production of papain to meet the regulatory specification with increasing demand. Some macroeconomic factors making a positive impact on global papain market includes increasing population, the rapid rate of urbanization, and growing domestic income. The trend identified in the global papain market is mergers and acquisitions between papain producers and papaya suppliers. The company manufacturing papain products has a significant opportunity in regions such as North America, Europe, and Asia Pacific, attributed to high demand for natural enzymes and growing health consciousness among a large number of population. Companies have a significant opportunity in global papain market through collaboration with raw material supplier i.e. papaya vendor and through backward integration in the market as a raw material is a key factor for the market.

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Global Papain Market: Regional Overview

By geographies, the global papain market is segmented into seven regions -- North America, Western Europe, Asia-Pacific except Japan, Eastern Europe, Latin America, the Middle East & Africa, and Japan. Among the regions, North America accounts for a relatively high share of the global papain market in terms of value, owing to strong demand for natural enzymes particularly in the U.S. Western Europe is followed by North America in global papain market, attributed to high demand for meat tenderizers across the region. Eastern Europe and Japan also accounts for significant value share in the global papain market. The Asia-Pacific is expected to register relatively high growth rate in the global papain market over the forecast period, owing to the robust growth of pharmaceutical industry due to rapidly growing population across the region particularly in the countries such as China and India. Latin America and Middle East Africa is expected to have relatively high opportunity for papain market players, attributed to the rapid rate of industrial growth and high demand for meat products. Overall, the outlook for the global papain market will have a positive growth over the forecast period.

Global Papain Market: Key Players

Few players of papain market include Senthil Papain and Food Products (P) Ltd., FRUZYME BIO TECH INDIA PVT LTD, Shri Ganesh Industrial Enzymes, Aumgene Biosciences, Shree Sai Agros, Parchem fine & specialty chemicals, Ultra Bio-Logics Inc., LGM Pharma, Chemos GmbH, Beckmann-Kenko GmbH, and AXO Industry SA.

Fatty Acid Ester of Ascorbic Acid Market Driven by Growing Food & Beverages, Pharmaceutical Industry

Global Fatty Acid Ester of Ascorbic Acid Market: Overview

Fatty acid ester of ascorbic acid comprises of an ester of palmitic acid and ascorbic acid. It is prepared synthetically and used in various applications in combination with alpha-Tocopherols. Fatty acid ester of ascorbic acid is used in products such as moisturizers, shampoo, tinned baby food, scotch eggs, sausages, pork pies, chicken stock cubes, and baby formula as a vitamin supplement, a color preservative, and as an antioxidant. The North America fatty acid ester of ascorbic acid market accounts for relatively high revenue share, followed by Western Europe fatty acid ester of ascorbic acid market.

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Global Fatty Acid Ester of Ascorbic Acid Market: Dynamics

The important factor driving the global fatty acid ester of ascorbic acid market include growing industry such as food and beverages, personal care, and pharmaceutical across the globe. High demand for tinned baby food, baby formula, and nutraceuticals is also an important factor fuelling the global fatty acid ester of ascorbic acid market. The vitamin C is an essential factor for the cardiovascular system, immune system, healthy bones and teeth, and decreases the chances of occurrence of cancer due to its antioxidant property by lowering free radical formation in the body. This, in turn, resulted in driving the growth of global fatty acid ester of ascorbic acid market. The macroeconomic factors making a positive impact on the global fatty acid ester of ascorbic acid market include growing health consciousness of consumers, increasing population, changing consumer lifestyle, the rapid rate of urbanization, and increasing domestic income. The company manufacturing fatty acid ester of ascorbic acid products has a significant opportunity in regions such as North America, Europe, and Asia Pacific, attributed to high demand for food supplements over the forecast period. Companies have a significant opportunity in the global fatty acid ester of ascorbic acid market through collaboration with end-users i.e. food, supplement, and pharmaceutical product manufacturers.

Global Fatty Acid Ester of Ascorbic Acid Market: Regional Overview

By geographies, the global fatty acid ester of ascorbic acid market is segmented into seven regions -- North America, Western Europe, Asia-Pacific except Japan (APEJ), Eastern Europe, Latin America, the Middle East & Africa, and Japan. Among the regions, North America dominates the global fatty acid ester of ascorbic acid market in terms of value, owing to a significant revenue share of nutraceuticals market. Western Europe is followed by North ASmerica in the global fatty acid ester of ascorbic acid market, attributed to rapidly rising demand for heath supplements across the region. The APEJ is expected to account for relatively high volume share in the global fatty acid ester of ascorbic acid market, owing to rapidly changing the lifestyle of the consumer and growing personal care market across the region. Eastern Europe and Japan also accounts for significant value share in the global fatty acid ester of ascorbic acid market. Latin America and Middle East Africa is expected to have a moderate opportunity for the fatty acid ester of ascorbic acid market, owing to growing economy. Overall, the outlook for the global fatty acid ester of ascorbic acid market will have a positive growth over the forecast period.

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Global Fatty Acid Ester of Ascorbic Acid Market: Key Players

Few players of fatty acid ester of ascorbic acid market include Geo-Young Corporation, Foodchem International Corporation, Triveni Interchem Pvt. Ltd., Dongguan City Geen Food Technology Company, Camlin Fine Sciences Ltd., EFG ELBE Fetthandel GMBH, and Parchem fine & specialty chemicals.

Asparaginase Market Driven by Growing Pharmaceutical and Food Industry

Global Asparaginase Market: Overview

Asparaginase also known as crisantaspase, is an enzyme used in food and pharmaceutical manufacturing. It is one of the medicine in the World Health Organization's List of Essential Medicines, made from bacterial species such as Erwinia chrysanthemi and Escherichia coli. Asparaginase is used in the food manufacturing to reduce the formation of acrylamide. Acrylamide is a carcinogen in the starch containing food products such as biscuits and snacks. In pharmaceuticals, Asparaginase is used to treat various diseases and disorders such as non-Hodgkin's lymphoma, acute myeloid leukemia (AML), and acute lymphoblastic leukemia (ALL). The North America Asparaginase market accounts for relatively high revenue share, followed by Western Europe Asparaginase market. Whereas, APEJ account for relatively high volume share in global Asparaginase market with significant growth rate.

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Global Asparaginase Market: Dynamics

Some of the important factor fuelling the growth of global Asparaginase market include growing pharmaceutical and food industry. To counter the same, Asparaginase market players are investing in research and development and production of Asparaginase to meet the regulatory specification with increasing demand. Some macroeconomic factors making a positive impact on global Asparaginase market includes increasing population, the rapid rate of urbanization, and growing domestic income. Major restraining factors for global Asparaginase market are its side effect in human body pancreatitis, mild Bone marrow suppression, anticoagulant factor resulting in the stroke and bleeding, decreases protein synthesis and hypersensitivity or allergic reaction. The trend identified in the global Asparaginase market is mergers and acquisitions between Asparaginase producers and finished product manufacturers such as pharmaceuticals and food. The company manufacturing Asparaginase products has a significant opportunity in regions such as North America, Europe, and Asia Pacific, attributed to high demand for pharmaceuticals across the regions. Companies have a significant opportunity in global Asparaginase market through collaboration with end-users i.e. food and pharmaceutical manufacturers.

Global Asparaginase Market: Regional Overview

By geographies, the global Asparaginase market is segmented into seven regions -- North America, Western Europe, Asia-Pacific except Japan (APEJ), Eastern Europe, Latin America, the Middle East & Africa, and Japan. Among the regions, North America dominates the global Asparaginase market in terms of value, owing to a significant revenue share of the region in the pharmaceutical industry. Western Europe is followed by North America in the global Asparaginase market, attributed to rapidly rising demand for food and beverages across the region. Eastern Europe and Japan also accounts for significant value share in the global Asparaginase market. The APEJ is expected to account for relatively high volume share in the global Asparaginase market, owing to a relatively high growth rate of pharmaceutical and food industry across the globe. Latin America and Middle East Africa is expected to have relatively high opportunity for Asparaginase market players, attributed to high growth rate of the healthcare sector in the regions. Overall, the outlook for the global Asparaginase market will have a positive growth over the forecast period.

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Global Asparaginase Market: Key Players

Few players of Asparaginase market include Novus Biologicals, Taj Pharmaceuticals Limited, Porton Biopharma, Xiamen Hisunny Chemical Co., Ltd., Jinan Haohua Industry Co., Ltd., Simagchem Corporation, LGM Pharma, Leap Labchem Co., Ltd., Hangzhou J&H Chemical Co., Ltd., Hangzhou Dayangchem Co. Ltd., Gihi Chemicals Co., Limited, Chemos GmbH & Co. KG

Milk Coagulating Enzyme Market Driven by Increasing Demand in the Processed & Packaged Food

Milk Coagulating Enzyme: Market Overview

An enzyme is a protein, high molecular weight compounds formed by the chains of an amino acid linked together by peptide bonds. These proteins act as a catalyst causing reactions when added. Each enzyme reacts and provide different reactions such as enzymes for cheese production, bio-protective enzymes for enhancement of flavor, texture, safety and shelf life of the dairy products and thus are specific. There are various sources of the enzymes depending on its applications and the product. Milk coagulating enzymes are the enzymes added for the productions of cheese, yogurt and other dairy products. There are three stages of coagulation, in the primary stage, the enzyme called rennet are used for casein processing. In the second stage, calcium is required, as the process of aggregation of casein particles takes place. As a result, it forms a gel. In last and the third stage, gel network is developed which gets cut depending on the desired texture of the cheese. It gets affected by the external factors like temperature, heat, light. The optimum temperature for the coagulation is around 30 to 32C

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Milk Coagulating Enzyme: Market Dynamics

There are various driving factors that trigger the milk coagulating enzyme market as there is increasing demand in the processed and packaged food and dairy products, necessity for the waste reduction resulting into food safety. Along with it, rising awareness for nutrient-rich products, high penetration of marketing channels in rural and urban areas, availability of enhanced dairy products with the range of flavors facilitate the milk coagulating market to have a significant market growth. Coupled with these factors, drivers like advanced and high technological machinery, inter-relationship of urbanization and changing consumer preferences also contribute to the growth of the market.

The factors like inconsistent regulatory processes, high research and development costs, temperature dependent product life, government interventions and regulatory policies affect the growth of the milk coagulating enzyme market.

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Milk Coagulating Enzyme: Segment Overview

Milk coagulating enzymes are segmented on its sources. It is sourced from animals, plant, and microbial. Based on the types of enzymes, the market is segmented into rennet, protease, lipase, lactase, and catalase. Rennet, an enzyme formed by the mixture of animal and microbial sources, is the traditional type of the enzyme used in the first stage of the coagulation process. It is a mixture of chymosin and pepsin, also known as the calf’s fourth stomach lining. Proteases are used for the second stage of the process for the acceleration of ripening of cheese. It also modifies the functional properties of milk and reduces those properties which can prove to be allergic to the infants. Lipase is responsible for the characteristic flavors of the cheese as it breaks down the milk fats. Lipase is used for cheese ripening to enhance the flavor and texture of the cheese. Lactase is an enzyme that cuts lactose into sugars, galactose, and glucose. It is used in Ice cream for its sweeter taste. Catalase, obtained from microbial sources or bovine liver converts hydrogen peroxide to water and molecular oxygen.

Milk Coagulating Enzyme: Regional Overview

Milk and milk products are in demand all around the world with different product category preferences. Considering different policies for the dairy products which depends upon religious, cultural and other demographic factors, the milk coagulation enzyme market has a vast regional expansion. The milk coagulating enzyme has its presence in the North America, Latin America, Eastern Europe, Western Europe, Japan, Asia-Pacific and the Middle East and Africa.

Milk Coagulating Enzyme: Market Players

Some of the market players are

• Chr. Hansen Holding A/S,
• Biocatalysts Limited,
• Amano Enzyme Inc.,
• Shenzhen Leveking Bio-Engineering Co. Ltd.,
• Jiangsu Boli Bioproducts Co. Ltd.,
• Sunson Industry Group Company Limited,
• Royal DSM N.V.,
• Enmex SA DE CV,
• Advanced Enzymes Technologies Limited,
• Amway, BASF,
• DuPont Danisco,
• DSM,

Angelica Extract Market: Growing Usage of Angelica Extract in Functional Food

Global Angelica Extract Market: Overview

Angelica a root, known by many names such as wild celery, dang GUI and wild parsnip. It’s an aromatic herb, which grows in Korea, Japan and China. Angelica has an antibacterial action, which prevents the growth of various bacteria and thus find potential medical usage. Angelica has been used for strengthening lungs, kidney, liver and heart. Angelica plant, seed fruit, root are used for making herbal medicine. Angelica extract is an herbal tonic for blood circulation. Also, it is considered as all-purpose woman’s tonic herb. Angelica extract is widely used in functional food and pharmaceuticals. Increasing health awareness among consumers is driving the growth of global angelica extract market.

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Global Angelica Extract Market: Drivers and Restraints

Global angelica extract market is increasing due to increasing awareness related to benefits of angelica plant coupled with growing usage of angelica extract in functional food is driving the growth of global angelica extract market. Increasing use of angelica extract in various foods to enhance taste and health benefits is increasing the adoption of angelica extract in different food products, thus fuelling the market growth. Moreover, angelica has various medical benefits such as providing energy, vitality, enriching blood, etc. It also helps in reducing disease such as anaemia, low immunity problem, and other disease. Furthermore, angelica extract also contains anti-aging properties. So the demand for angelica extract is increasing amongst the cosmetic manufacturers, which further results in to growth of global angelica extract market. Now a days, online availability of the angelica extract is increasing, which is anticipated to fuel the growth of the global angelica extract market. Moreover, extensive research and development initiatives for the increasing uses and applications of the angelica extract is also fuelling the growth of global angelica extract market. High dose of angelica extract increase sugar in urine, which is not beneficial for diabetics and thus, restricts adoption among a significant population. Moreover, the prices of angelica extract are very high, which also acts as a restraining factor for global angelica extract market growth.

Global Angelica Extract Market: Region wise Outlook

The global angelica extract market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). China, Korea, Japan and Brazil are the major producer of angelica extract. Asia Pacific and Latin America are among the emerging clusters of the globe, which are anticipated to witness an above average CAGR over the forecast period. However, the global angelica extracts market is expected to witness a steady growth by the end of 2027.

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Global Angelica Extract Market: Key Players

Mighty International Company, ltd.

Tropical Herbal Products Company, ltd.

Thiptipa co., ltd

Zingo Enterprise Co., ltd.

Bio-Botanica, Inc.

Asia Pacific & Latin America Canned Preserved Food Market Expanding at a CAGR of 6.40% during 2015 to 2021

The rapid increase in working population in emerging economies has fueled the demand for readymade food products in Asia Pacific and Latin America considerably. People, nowadays, have no time to cook, which has resulted in an increased reliance on canned preserved food, as they are rich in nutrients and do not require cooking. The escalating disposable income of consumers is also adding significantly to the rising demand for canned preserved food in these regions.

The canned preserved food market in Asia Pacific and Latin America, stood at US$24.4 bn in 2014. Expanding at a CAGR of 6.40% during the period from 2015 to 2021, it is expected to reach US$38.1 bn by the end of the forecast period.

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Canned Fish to Witness Strongest Demand in Overall Market

Canned meat, canned fish, canned fruits, and canned vegetables are the key canned food products available in Asia pacific and Latin America. With a share of more than 30%, canned fish led the overall market in 2014. However, in Asia Pacific the demand for canned meat was higher than other while in Latin America, canned fish registered the strongest demand in the same year.

Over the coming years, the canned fish segment is likely to retain its position in the overall market. The health benefits associated with the consumption of canned fish, such as increased protein intake, is expected to keep its demand high in the near future. Canned fish, especially tuna fish, provides a massive amount of amino acids essential for the proper functioning of the brain and for maintaining a healthy hormonal balance. It is also a rich source of omega 3 fatty acids that helps in strengthening the cardiovascular systems in humans. The high consumption of canned fish in Brazil, Chile, China, and India is also projected to add significantly to its growing demand in the near future.

Asia Pacific Reports Higher Consumption of Canned Preserved Food than Latin America

Between Latin America and Asia Pacific, canned preserved food reports a greater consumption in Asia Pacific. The growing influence of Western culture in dietary habits of consumers has influenced the demand for canned preserved food positively in this region. The rising awareness regarding the health benefits offered by canned food, together with the increasing disposable income of consumers, is also boosting the adoption of these products significantly in Asia Pacific. During the period from 2015 to 2021, this regional market is likely to retain its position with a rise in the revenue at a CAGR of 6.90%.

Latin America is also expected to witness a steady rise in the demand for canned preserved food on account of the changing lifestyles of people in this region. Analysts project the market for canned preserved food in Latin America to expand at a CAGR of 5.30% between 2015 and 2021.

Dole Food Company Inc., BRF S.A., Pinnacle Foods Inc., Maple Leaf Foods Inc., Campbell Soup Co., ConAgra Foods Inc., B&G Food Holdings Corp., MTR Foods Pvt. Ltd., H.J. Heinz Co., and DelMonte Pacific Ltd. are the key producers of canned preserved food in Asia Pacific and Latin America.

Frozen Processed Foods Market will be Worth US$69.11 bn by 2021

Investing in product innovation and manufacturing frozen processed food items that have no or minimal synthetic flavors and preservatives is a key strategy being adopted by leading players in the global frozen processed food market, reports Transparency Market Research in a new study. Furthermore, aligning product development to cater to the growing class of fitness-conscious consumers will also see companies introducing organic and healthy items in the market.

The leading players in global frozen processed food market are Stouffer’s, Bofrost, Zhengzhou Sanquan Food Co, Ltd., and McCain. “Collaborating with regional players to enhance product portfolio and reaching out a larger number of consumers are expected to be key strategies of players in the near future,” reports the lead author of this research report. Establishing integrated marketing communication strategies, improving point of visibility, and building a stronger relationship with retailers will also form the basis of successful businesses in the coming years.

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Innovation to Tangibly Augment Sales of Frozen Processed Foods

The changing consumer perceptions about frozen processed food items from being convenient solutions to being healthy dietary options have accelerated the demand for the global frozen processed food items. The market is also benefitting from ongoing product innovations and the strong distribution networks established by retail chains. Introduction of a wide range of healthy, natural, organic, and food items with less or no preservatives and additives is also boosting the demand frozen processed food items.

The lack of time to cook elaborate meals and increasing number of working women have also made a significant contribution to the revenues of the global frozen processed food. The report also indicates that the rising disposable incomes and increasing number of households that own refrigerators especially in the emerging economies of China and India are also expected to propel this market in the forecast period.

Food Adulteration Scandals, Low Awareness Levels Hurting Growth of Frozen Processed Food Market

Low levels of consumer awareness about the difference between chilled and frozen food items is restraining the growth of the global frozen processed food market. Furthermore, much-publicized cases of meat adulteration in the recent past have created a negative perception about frozen processed food amongst consumers. Additionally, the growing concerns pertaining to obesity and unhealthy lifestyles that are associated with the regular consumption of frozen processed food are also impeding sales and, consequently, revenue.

North America to Remain Frontrunner with 0.9% CAGR between 2015 and 2021

According to the research report, the opportunity in the global frozen processed food market is expected to reach US$69.11 bn by 2021 as against US$57.50 bn in 2014. During the report’s forecast period of 2015 to 2021, the global market is expected to rise at a CAGR of 2.7% in terms of revenue. The demand for frozen processed poultry food items is expected to be highest, as the revenue of this segment is projected to reach US$9.91 bn by 2021. North America will be the key regional segment in the overall market and is expected to generate revenue worth US$23.60 bn by the end of 2021, exhibiting a CAGR of 0.9% from 2015 to 2021.

This review is based on Transparency Market Research’s report, titled “Frozen Processed Food Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021.”

Key Takeaways:

• Global frozen processed food market to represent an opportunity worth US$69.11 bn by 2021
• North America to be the key regional segment with 0.9% CAGR between 2015 and 2021
• Demand for processed poultry food items to reach all-time high as the segment is expected to reach US$9.91 bn by 2021

Halal Products Market: Quick Advancement Expanding Discretionary Cash Flow in Islamic Economies Improves Market Development

The global halal products market has been foretold in a report by Transparency Market Research (TMR) to showcase a noticeable enhancement in terms of growth. This could be attributed to a wide variety of offerings made available by the market in different sectors. Leading food companies dealing with halal products have been expected to account for a 50.0% share of the market with respect to revenue. Reckitt Benckiser Group Plc. has been researched to be a vital player of the market in respect of the necessities in the halal products domain of the materials and chemicals sector. Other prominent market players taking a lead position in the cosmetic and personal care and food and beverages sectors could include Unilever and Nestle S.A. respectively.

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According to TMR, a revenue earning of US$10.51 trillion could be achieved by the global halal products market by the end of 2024 at a CAGR of 16.2% during the forecast period 2016-2024. In 2015, a US$2.70 trillion valuation had been touched by the market. The processed food and beverages segment has been anticipated to dominate the market during the course of the forecast period. A close to 50.0% of the demand had been cumulatively secured by processed food and beverages and primary meat in 2015. Accounting for a nearly 47.74% share in 2015, Asia Pacific could lead the market in the coming years.

Increasing Muslim Population Worldwide Assures Spiraling Demand

The growing population in Muslim nations has been predicted to be a standout factor significantly augmenting the demand for halal products. Muslims have always been a key shoppers group for halal products. Before the end of 2030, according to the researchers, nearly 26.0% of the total world population is forecast to be of Muslims. This could be a strong jump from a 19.9% held in 1990. The developing populace of Muslims worldwide is projected to be a promising variable for the advancement of the market in the near future.

The rapid development of Islamic countries in Southeast Asia and the Middle East due to the increasing discretionary cash flow could act as an additional factor speeding up the development of the world halal products market. The interest for halal products could be pushed further across the globe because of their inclusion in different food products. Besides food and beverages, halal products have been envisioned to find applications in other sectors such as food supplements, bakery, nutraceuticals, personal care products, and pharmaceuticals.

Absence of All-inclusive Uniform Halal Standard Dampens Growth

As researched by the analysts authoring the report, the international halal products market could be hindered by the lack of a comprehensive uniform standard. Moreover, the absence of transparency with regard to the inclusion of ingredients for personal care and pharmaceutical products has been envisaged to slow down the demand in the market.

Nevertheless, there could be powerful growth opportunities lined up on the back of increasing disposable income and the global rise of the Muslim community. The primary meat segment could provide rewarding prospects in the international halal products market as it experiences an exponential growth, especially in underdeveloped and developing countries. The massive migration of people from Muslim-majority countries such as Syria, Afghanistan, and Iraq into the Europe Union (EU) supported by German Chancellor Angela Merkel’s open door policy could be a major opportunity for players operating in the market. The rising Muslim population in Western Europe countries such as the U.K., France, and Germany has been expected to strikingly up the demand for halal products.

Allura Red AC Market Driven by Increasing Demand of Food Colorants Food & Beverages Industry

Global Allura Red AC Market: Overview

Food colours including synthetic, natural, or nature identical, are used in foods and beverages to enhance the flavour and appearance. Allura Red AC is an azo dye produced from petroleum to create shades of red. It is most commonly used red food dye. It is also known as calcium lake and aluminium lake with FD&C Red. No. 40. Allura Red AC originated in the United States and find potential use as a replacement for amaranth in food colouring. This has resulted in around 90% consumption of allura red AC in food colouring and only 10% in cosmetic and other industries.

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Global Allura Red AC Market: Drivers and Restraints

The global allura red AC market is driven by increasing demand of food colorants food and beverages industry. Increasing demand for ice-creams, sausage casting, candies, cold drinks, dairy products, sugar confectionary, bakery products flour confectionary, frozen products, and gelatine desserts, etc. is fuelling the growth of global allura red AC market. Moreover, the lower prices of synthetic colours is also driving the growth of global allura red AC market. Furthermore, the ease of availability of raw material is an aid to the overall growth of allura red AC market.

However, the global allura red AC market is witnessing significant growth, there are few restraints to the allura red AC such as natural food colourants adoption for colouring in other North American and European countries. This is supported by stringent food colorants policies in these countries along with consumers inclination towards green and clean-label food and beverage products.

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Global Allura Red AC Market: Region wise Outlook

The global allura red AC market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). China holds the major share in the global allura red AC Market in terms of production of allura red AC products. The allura red AC market in the APEJ region is expected to grow at a substantial growth rate. Allura Red AC usage is banned in European countries such as Denmark, Belgium, France, and Switzerland. In US allura red AC has been approved by the FDA for use in cosmetics, drugs and food. The global allura red AC food colorants adoption in MEA is relatively lesser than in other regions of the globe due to low availability of raw materials in this region.

Global Allura Red AC Market: Key Players

•   Exim India corporation
• Zhongshan Weifeng Foodstuffs Co., Ltd.
• Foshan Nanhai Zunyi Beverage & Foodstuff C, Ltd.
• Jagson Colorchem Limited
• Chemical point UG
• RIA Dyes & chemicals Co.
• Shaanxi TOP Pharm Chemical Industry Co., Ltd.
• Jinan Boss Chemical Industry Co., Ltd.
• Roha Dyechem Sez Private Ltd.
• Ajanta Food Colours
• Sanchi Chemicals Pvt. Ltd.
• Warner-Jenkinson Europe Ltd.
• Asim Products
• Foshan Nanhai Zunyi Beverage & Foodstuff C, Ltd.