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Wednesday, 8 July 2020

Analysis of COVID-19 Crisis-driven Growth Opportunities in Microwaveable Foods Market

Despite being a multibillion-dollar industry, the rising awareness among consumers about the dangers associated with microwaving foods packed in plastic wraps or containers is anticipated to suppress the microwaveable foods market’s growth to an extent. Certain plasticizers such as BPA and phthalates are endocrine disrupters, which have an adverse impact on the human health since they mimic human hormones. To ensure safety of the population, the U.S. FDA closely monitors and regulates the plastic containers used for packaging in the food and beverages industry. It is mandatory for the manufacturers in the industry to conduct proper tests to ensure that the containers meet the stringent FDA standards.   
For the purpose of the study, the global microwaveable foods market is segmented on the basis of geography and technology. The report presents a comprehensive overview of the market, covering aspects related to the prevalent dynamics and growth opportunities. It includes an in-depth analysis of the growth drivers and restraints impacting the market’s growth trajectory. 


The report also conducts a holistic opportunity analysis of the global microwaveable foods market. The assessment includes value chain analysis, market sizing research, development trends assessment, and information on pricing strategy intended to assist enterprises in developing a more flexible approach, enabling them to stay ahead of the competition in the global microwaveable foods market. 
Overview of Global Microwaveable Foods Market
Despite witnessing the economic slowdown across major regional markets, the global microwaveable foods market exhibited sustainable growth in the last decade. This growth trend is likely to continue through the report’s forecast period. High demand for convenience food worldwide is the key factor boosting the global market for microwaveable foods. 
The rising population of working women, paradigm shift in lifestyle habits and shopping preferences, and easy availability of a wide range of microwaveable foods are the other primary factors fuelling demand from the global microwaveable foods market. Due to the prevalence of cut-throat competition, the prominent firms are focusing on broadening their product offerings to suit the dynamic consumer preferences. 


Based on product type, the global microwaveable foods market can be segmented into shelf stable microwaveable food, chilled food, and frozen food. Of these, the segment of frozen microwaveable food is exhibiting robust growth and is poised to dominate the market in forthcoming years. Factors such as the launch of innovative technologies intended to make lives more convenient are fuelling the demand for frozen microwaveable foods. 
Regionally, the global market for microwaveable foods market is segmented into Asia Pacific, Europe, North America, and Rest of the World. Of these, North America and Europe dominate the global microwaveable foods market. The U.S. has emerged as the most lucrative market for microwaveable foods in North America due to the development of innovative meal solutions and unwillingness among consumers to cook fresh meals on a daily basis. 
The market is also anticipated to witness a rising demand for microwaveable foods from Central America, Asia Pacific, and South America. 
Companies mentioned in the research report 
Enterprises operating in the global microwaveable foods market compete in terms of innovation. Hence, the market provides viable opportunities for new players to attain a significant share in the market in the near future. Key players in the market include McCain Foods, H.J. Heinz, Pinnacle Food Group LLC, Gunnar Dafgård AB, Kellogg Company, Windsor Frozen Foods, General Mills Inc., Campbell Soup Company, and Birds Eye Foods Inc.

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Latest TMR Report Explores Impact of COVID-19 Outbreak on Diabetic Food Market

Transparency Market Research states that the competitive landscape in the global diabetic food market is highly fragmented due to presence of several players. The low entry barrier and ever-growing consumer base has created a mammoth demand for diabetic food items. Growing number of regional players that are investing making a variety of diabetic food items that are suit the needs of diabetics belong to varied cultures and tastes. In the coming years, vendors operating in the global diabetic food market are expected to focus on better marketing and branding strategies to reach out to a mass audience in various parts of the world. Some of the leading players operating in the global diabetic food market are Cadbury Plc., PepsiCo Inc., Mars Inc., The Coca-Cola Company, Nestle S.A., and Kellogg Company.

According to the research report, the global diabetic food market is expected to be worth US.1 bn by 2020, as the market surges at a CAGR of 5.90% between the forecast period of 2014 and 2020. Out of the many products available in the global market, the dietary beverages segment is expected lead the pack as their consumption remains the highest. Geographically, the global market will be led by North America due to higher awareness and availability of these products in the regional market.


Unfortunate Rise in Number of Diabetics Drives Diabetic Food Market
The growing number diabetics across the world is the very reason for the rapid expansion of diabetic food market in recent years. Furthermore, the unfortunate rise in the number of juvenile diabetics and growing incidences of Type 2 diabetes have augmented the demand for artificial sweeteners such as aspartame, acesulfame K, and neo-tame. The growing acceptance of these artificial sweeteners have directly supplemented the demand for diabetic food items in recent years. Continuous efforts by market players to expand their product portfolio through product innovation has had a positive impact on the overall market.
The demand for diabetic food items is also expected to rise as amongst the health-conscious people. Food items made with artificial sweeteners are low in calories and fats and thus help in maintaining weight. Furthermore, they help in managing blood sugar levels. In light of all of these reasons, several health enthusiasts are opting for diabetic desserts, bakery items, and beverages. Increasing availability of diabetic food items at retail stores, hypermarkets or supermarkets, and e-retail shops have also stoked the growth of the global diabetic food market.


High Cost of Diabetic Food Items Limits Market Growth
On the downside, the global diabetic food market is expected to face numerous challenges. The present challenge for the global market is the high price of these food items as compared to the regular items. This is the very reason why diabetic food items haven’t gained enough popularity in price-sensitive regions of the world. Furthermore, the awareness about the health hazards of consuming artificial sweeteners are also discouraging consumers from buying diabetic food items. Lack of availability of diabetic food items in developing parts of the world has also limited the scope for growth for the overall market in recent years.
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Impact of COVID-19 on Fuel Dispenser Market

Fuel Dispenser Market: Introduction

In terms of value, the global fuel dispenser market is expected to reach ~US$ 2 Bn by 2030, expanding at a CAGR of ~4% during the forecast period. Based on volume, the global fuel dispenser market is estimated to reach 662,058 units by 2030, expanding at a CAGR of ~4% during the forecast period. In terms of type, the submersible system segment holds leading share of the global fuel dispenser market, submersible systems are cheaper and easily available vis-à-vis suction systems. Their maintenance cost is also lower than that of suction systems. The submersible system segment is expected to create an incremental opportunity of US$ 473.16 Mn between 2020 and 2030. Based on flow meter segment, the electronic flow meter held larger share of the global fuel dispenser market in 2019. The segment is likely to expand at a CAGR of 4.50% during the forecast period. In terms of fuel type, the petrol/gasoline segment accounted for major share of the global fuel dispenser market in 2019.

The fuel dispenser market in Asia Pacific is estimated to expand at a substantial pace during the forecast period, owing to the rise in standard of living of the people, increase in disposable income of consumers, and growth in population in the region.


Key Drivers of Fuel Dispenser Market

The increase in the adoption of dual fuel and multi-fuel vehicles is expected to drive the global fuel dispenser market during the forecast period. The shifting trend from single fuel to dual fuel or multi-fuel vehicles in developing countries is boosting the demand for vehicle fuel stations. Furthermore, increase in disposable income has led to a rise in vehicle ownership. This is propelling the demand for fuel dispensers across the globe. The rise in sale of natural gas vehicles (NGVs) is estimated to propel the global fuel dispensers market. The demand for gasoline-based products is expected to rise significantly during the forecast period. This is projected to create lucrative opportunities for the global fuel dispenser market. Moreover, increase in government initiatives and policies such as trade liberalization programs is also likely to propel the demand for fuel dispensers in the near future.
Asia Pacific Offers Lucrative Opportunities to Fuel Dispenser Market

Asia Pacific dominated the global fuel dispenser market in 2019, owing to the significant demand for fuel in the region. The development of supportive infrastructure, such as refueling stations, and rise in demand for automobiles are expected to drive the fuel dispenser market in the region during the forecast period. The growth in penetration of the fuel dispenser technology in major countries such as China, Japan, and India is also projected to boost the fuel dispenser market in the region during the forecast period.


Major Developments in Fuel Dispenser Market

In June 2019, Dover Fueling Solutions (DFS), a part of Dover that is engaged in delivering advanced fuel dispensing equipment, announced the launch of its new Tokheim Quantium 510M fuel dispenser series. This range of fuel dispensers is the next generation of the acclaimed Quantium fuel dispenser family. In December 2019, the Massachusetts Bay Transportation Authority (MBTA) announced approval of a new contract with Scheidt & Bachmann to extend the life of the existing fare management system and incorporate new customer-oriented improvements through a series of upgrades. The new contract is part of the MBTA's transformation strategy developed for a new fare management system that will be introduced in phases and with additional opportunities for public feedback.

Competition Landscape of Fuel Dispenser Market

The market dynamics are dependent on long-term contracts, goodwill of companies, and product portfolio. Local manufacturers with integrated operations possess competitive advantages due to the easy access to low-cost raw materials and protection from volatility in prices of raw materials. Key players operating in the global fuel dispenser market are Beijing Sanki Petroleum Technology Co. Ltd., Bennett Pump Company Gilbarco Inc., Korea EnE Co. Ltd., Neotec, Piusi S.p.A., Scheidt & Bachmann GmbH, Tatsuno Corporation, Tokheim Group S.A.S, Tominaga Mfg. Co., Wayne Fueling Systems LLC, and Zhejiang Lanfeng Machine Co. Ltd.

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Beef Market Volume Forecast and Value Chain Analysis 2015-2021

Beef is a culinary name for meat which is obtained from animals such as buffalos and cows. Beef is one of the world most consumed meat after pork in terms of volume consumption. Beef can be harvested from bulls, cows, steers or heifers. Acceptability of beef as a food source varies in different parts of the world. Beef can be cooked in several ways such as grilling, roasting, broiling, griddle and barbeque.

The major driving factor that is fuelling the demand for the global beef market is the rise in the disposable income of the consumers across the world. Rise in urbanization is another major factor that is driving the beef market across the world. Moreover, beef is high in protein, thus the increase in awareness of high protein consumption is met by beef. In addition, the food safety issues such as pathogen detection problems and chemical residue in meat products such as poultry and pork has increased the demand for the beef market across the world. The notable gap between demand and supply of beef due to its limited production because of several environmental and political factors is one of the major factors that is restraining the demand for the beef market globally. In addition, price rise of beef in the developed markets due to limited supply of beef from North America is another restraining factor of the beef market.


Rise in the availability of cattle in regions such as Argentina, Paraguay, Uruguay and other countries is expected to serve as an opportunity to the global beef market. In addition, international demand for beef, sustained cattle prices and strong pasture conditions are also expected to serve as opportunities to the global beef market. By product, the global beef market can be segmented into ground beef, cubed beef and steaks. Ground beef holds the largest market share among the product types of the global beef market. Steaks are most popularly consumed in North America. Steaks are famous due to their fat content and taste. Steak has high quantity of vitamins, fats and protein.
By product grade, the global beef market is segmented into Kosher and Halal. Kosher beef has been certified to have been processed according to the Jewish dietary laws. The consumers residing in North America consume Kosher beef due to several advantages such as gastronomy, food safety and quality. Halal beef is consumed by the Islamic community across the world. Since, any other form of meat is banned; beef is the preferred form of meat among the Islamic population.


Asia Pacific is dominating the global beef market due to the increasing consumption of beef in countries such as India, China, and Japan. China is the world’s largest market for beef. Improving lifestyle of the consumers residing in China due to a significant rise in the disposable income of the consumers is the major factor fuelling the growth of the beef market in China. Middle East and Africa also accounts for a major part of the market share for the global beef market. In addition, countries such as Brazil and Argentina are also expected to show strong growth rate during the forecast period. 
Tyson Foods Inc, Danish Crown, Marfrig Global Foods S.A., Nipponham Group and Danish Crown are some of the major players operating in the global beef market at present.

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TMR Analyzes Impact of Outbreak of COVID-19 on Alcohol Market

Alcohol Market - Snapshot

Alcohol refers to the ingredient that is found in spirits, wine, and beer and its absorption leads to drunkenness. Alcohol is produced as a result of fermentation of sugars in various food done by yeasts. For instance, wine is produced from sugar found in grapes, cider is extracted out of the sugar found in apples, beer made from the sugar founded in malted barley and vodka from the sugar found in beets and potatoes.

Alcohol is classified as a ‘sedative hypnotic’ drug. It means that alcohol acts to slow down the central nervous system (CVS) at substantially high doses. At lower doses of alcohol, it induces feelings of talkativeness and euphoria and it acts like a stimulant. However, drinking of too much of alcohol at one go often leads to respiratory problems, drowsiness, or even death.


Use of Ethanol as a Fuel Bolsters its Demand in the Market
Some of the uses of alcohol are mentioned as below
  • Used as a fuel
  • Used as an ingredient in various alcoholic beverages such as beer and wine
  • Used as a solvent
  • Used to produce methylated spirit (meth)
Two of the best-known alcohols are methanol or methyl alcohol and ethanol. Ethanol is considered one of the most popular type of alcohol in the world. The burgeoning demand for ethanol has exceeded 100 billion liters, out of which over 80% of the total ethanol are utilized as fuel. Ethanol is regarded as a renewable source of fuel. It is also considered as a potential replacement for gasoline. The wide acceptance of ethanol as a fuel acts a stimulant for the increased demand for ethanol, which is likely to drive the global alcohol market. The demand for ethanol fuel is especially high in countries like Brazil, Europe, and the US. The global alcohol market is expected that pick up in pace in Asia Pacific also.


Ethanol also finds use in many applications such as cosmetics, alcoholic beverages, pharmaceuticals, and in various industrial applications, which is likely to support growth of the global alcohol market in the years to come.
Compounds having at least one hydroxyl (-OH) group attached to a single bonded alkane is referred to as alcohol. There are numerous types of alcohol being used in varied applications across industries. Some of the popular types of alcohol are ethanol, methanol, butanol, pentanol, ethylene glycol, sorbitol and xylitol among many others. The market for alcohol is vast and it is used in many applications, the most common being in alcoholic beverages, as solvents, fuel, preservatives, antifreeze and antiseptics. Alcohol can be produced by a variety of methods including oxo processes, hydration reactions and through biological fermentation.
 
Ethanol is one of the most used alcohol type in the world. The global demand for ethanol exceeds 100 billion liters of which more than 80% are used as fuel. Ethanol is considered as renewable fuel and a potential substitute for gasoline. The wide acceptance of ethanol fuel is the driver for this market. The demand for ethanol as fuel is particularly high in the U.S, Europe and Brazil. The demand is expected to pick up in Asia Pacific as well. Ethanol is also used in alcoholic beverages, in pharmaceuticals, cosmetics and other industrial applications. Ethanol is used as an antiseptic to disinfect the skin before injections and other invasive procedures. It is also commonly used as soaps and hand sanitizers due to its volatile nature.
 
Methanol is another important type of alcohol, which has witnessed extraordinary demand growth from several sectors. It is commonly used as an intermediate to produce formaldehyde used in automotive, pharmaceutical, resins and wood industry. It is also the intermediate chemical for other chemicals such as methyl methacrylate, methyl chloride, dimethyl terepthalate, and acetic acid among others. Methyl methacrylate is used to manufacture LED and LCD of electronic devices and as cement in total hip replacements and total knee replacements. Methyl chloride is primarily used to manufacture silicone which is used widely to produce adhesives, sealants, lubricants and in certain medical applications. Dimethyl terephthalate is used to manufacture recyclable plastic bottles and acetic acid is used in a wide array of industries such as paints and coatings, adhesives and fleece. The methanol market is driven by the expanding horizons of its application and high growth in the end use industries. Most of the other alcohols are used in different industries as feed stocks. Ethylene glycol finds application as antifreeze in low temperature regions and applications.
 
The overall alcohol market is expected to grow at a fast pace, due to its application in so many industries in different forms. The main opportunity lies with ethanol due to its application as automotive fuel which is expected to grow exponentially with growing automotive industry. Alcoholic drinks are another favorable market for ethanol, as it is the main psychoactive constituent in the beverages. The global alcoholic beverage demand has increased substantially over the past few years and is expected to rise especially in Asia Pacific region.
 
North America is the largest producer of alcohol, followed by South America, Europe and Asia Pacific. The U.S. and Brazil are the largest producers of ethanol, which constitute the bulk of alcohol demand. Asia Pacific region however is growing rapidly both in terms of demand and production.
 
Some of the key players operating in the alcohol market are Methanex Corporation, Aventine Renewable Energy-Pekin, Absolute Energy LLC, and Glacial Lakes Energy LLC among many others.
 
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Impact of COVID-19 on Quick Service Restaurant (QSR) Ecosystem Market: Implications on Business

Transparency Market Research (TMR) has announced the publication of a new market research report on the U.S. quick service restaurant (QSR) ecosystem market. The report states that the U.S. quick service restaurant (QSR) ecosystem market was valued at US,506.9 million in 2012. However, this market is expected to grow at a tremendous rate from 2013 to 2019. The report, titled “Quick Service Restaurant (QSR) Ecosystem Market - U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, offers an in-depth understanding of the U.S. quick service restaurant (QSR) ecosystem market, its growth drivers, market restraints, and possible opportunities in the coming future. In recent years, QSR systems have been adopted in restaurants as they allow seamless listing of orders in restaurants, making payments, and quickly delivering food to customers. The minor enhancements in QSRs are also helping restaurants bring in a huge amount of accuracy, efficiency, clarity, and speed in their everyday operations.

Request PDF Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2495

The U.S. quick service restaurant (QSR) ecosystem market is segmented on the basis of hardware, software, and services. The hardware segment is further divided into signage systems, kiosks, drive through terminals, point of sales (POS), handheld devices, and digital menu cards. Analysts predict that as the trend of self-service grows in the service industry, the kiosk sub-segment will grow the fastest, at a CAGR of 12.3% from 2013 to 2019. The software segment is sub-segmented into billing solutions and management solutions and analytics software solutions (big data analytics). Out of these, billing and management solutions was the largest market segment in 2012. This sub-segment will continue to lead the market, as there is a significant demand for tailored software needs from various restaurants.

Explore Transparency Market Research’s award-winning coverage of the global Food and Beverage Industry: https://www.globenewswire.com/news-release/2019/08/07/1898580/0/en/Worldwide-sales-of-Dehydrated-Vegetables-are-envisioned-to-surpass-US-90-Bn-in-2028-Says-TMR.html

The key players in the U.S. quick service restaurant (QSR) ecosystem market are looking at methods that will help them integrate in-store systems with customers’ mobile devices to create a unique personalized experience. Innovations in QSR ecosystem hardware have complemented software innovations by assisting in controlling and connecting different kinds of hardware peripherals. The recent software innovations in the quick service restaurant (QSR) ecosystem market are being encouraged by popular usage of cloud solutions and the integration of hardware devices, which allow access from other platforms to bring about real-time transactions. To put it simply, increasing dependence on digital platforms to establish efficiency in management is expected to lead the quick service restaurant ecosystem market.Some of the major players in the U.S QSR ecosystem market are LG Display Co. Ltd., Cisco System Inc., Keywest Technology Inc., Nanonation, Inc. NEC Display Solutions Ltd., Hewlett-Packard Company, Samsung Electronics Co. Ltd., Omnivex Corporation, Panasonic Corporation, and REDYREF Inc.

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Understanding Impact of COVID-19 on Condiment Sauces Market

According to the latest report by Transparency Market Research on global condiment sauces market suggests that the market is highly fragmented and has a tough competitive market landscape in present days. There are few players who dominate the market and control its dynamics. Moreover, the influx of various new entrants is intensifying the competition. In order to maintain their dominance, the players are looking forward to invest heavily in research and development to provide innovative products to the customers. This allows the players to retain their existing customers and attract new ones.

Likewise, new entrants are adopting the strategies of mergers, collaborations, and partnerships. This allows the players to have a sustainable future in the global condiment sauces market. Moreover with these strategies the play an important role in providing a competitive edge to players against their rivals in the global condiment sauces market.


Some of the prominent players of global condiment sauces market are Kroger Co., General Mills Inc., Frito-Lay Co., ConAgra Foods Inc., Walmart store Inc., Kraft Foods Group Inc., H.J Heinz, Unilever group, and Nestle SA.
According to the report the global condiment sauces market is expected to grow substantially in the market. The market is expected to exhibit consistent growth of 3.21% between 2014 and 2020. The report also predicts that global condiment sauces market is projected to generate revenue of approximately US$ 23.39 bn by the end of 2020.
The global condiment sauces market is categorized on the basis of types and region. Out these categories, tomato ketchup segment is expected exhibit maximum growth during the forecast period. The growth of the segment is attributed to the rising consumption of tomato ketchup across the globe. Moreover, various varieties of tomato ketchup also fuel the growth of segment in global condiment sauces market.


Out of various regions of global condiment sauces market, Asia Pacific is projected to show maximum potential for the players of the market. The growth of the region is attributed to factors such as improving lifestyle, eat-on-the-go, and presence of various players in the region. Owing to these factors, Asia Pacific is likely to dominate other regions of global condiment sauces market in the forecast period.
Rapid Urbanization to Fuel the Growth of the Market
Urbanization plays crucial role in the growth of global condiment sauces market. Due to urbanization and changing lifestyle people who were accustomed to traditional foods are now developing taste and appetite for various new cuisines. This is propelling the growth of global condiment sauces market. Moreover, sauces has become a major ingredient of various regional cooking, owing to these factors the global condiment sauces market is experiencing major growth in the forecast period of 2014 to 2020.
Growing disposable income and improving lifestyles of people of various regions is yet another factor that is fueling the growth of global condiment sauces market. Moreover, growing demand of foreign foods in various regions across the globe is another factor that is influencing the growth of global condiment sauces market in the projected duration.
Growing Demand for Sauces to Provide Ample Opportunities for the Players
Since condiment sauces have become an ubiquitous part of the food delicacies across the world. This has opened the doors of opportunities for various players of global condiment sauces market in the forecast period of 2014 to 2020. Moreover, various growing opportunities also provide un-interrupted growth for the players of global condiment sauces market in projected tenure. Major market share is expected to come from the countries such as U.S and Japan in the forecast period of 2014 to 2020.

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