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Wednesday 31 August 2016

Demand for Low Calorie Chocolates to Surge in Asia Pacific as Consumers Become More Health Conscious, states TMR

The Asia Pacific chocolate market is concentrated with the top five players accounting for above 60% of the market in 2012. Players in the market are constantly participating in mergers and acquisitions and also focusing on product innovation. There is moderate threat from substitutes such as snack bars, regional sweets, and bakery products, which will continue to remain in the coming years. Threat from new entrants is expected to be low owing to the capital intensive nature of the industry and interference of regulatory bodies, Transparency Market Research (TMR) finds in a new study.


According to the report, the Asia Pacific chocolate market is expected to be worth US$18.23 bn by 2019. By product, the molded bar chocolate segment is expected to lead and account for US$5543.9 mn by 2019. The rising demand for dark chocolates owing to the rising health concerns among the people in the region is behind the escalated growth of the molded bar chocolate segment. The chocolate market in Japan is expected to reach US$4656.23 mn in 2019. China is also one of the prominent markets for chocolates in Asia Pacific.

Visual Merchandising in Retail Stores to Increase Purchase of Chocolates

The rising per capita income of the people in Asia Pacific owing to the economic growth in the past few years is supporting impulsive purchases of chocolates among consumers. Additionally, retailers trigger impulsive purchase among consumers by prominently displaying chocolates at checkout aisles. Chocolate is increasingly becoming popular as a gifting option in the Asia Pacific region. This will allow demand for chocolates to rise considerably in the forthcoming years.

Asia Pacific comprises 60% of the world youth population. Since youth forms an important consumer segment for chocolates, the demand for various types of chocolates is expected to surge in Asia Pacific. Additionally, “Advertisements and promotions aimed at this age group also play a vital role in driving the market,” states a TMR analyst. The number of department stores, mass merchandisers, and duty free shops at airports has increased due to infrastructure development in the region, which is driving the chocolate market

High Cost of Cocoa to Become Cause of Concern for Chocolate Manufacturers

Cocoa is high in demand, but their production is limited to specific regions. This increases the price of cocoa in the international market. “The price of cocoa is expected to continue to remain high owing to their rising demand from restaurants, bakeries, and beverage companies,” says a TMR analyst. This is increasing the production cost of chocolates, negatively influencing their demand. High price of sugar, which is another prime ingredient in chocolates, will also impact the prices of chocolates. Thus, the chocolate market in Asia Pacific will be restricted by rising prices of chocolates.

Development of Nutritional Bars to Widen Scope of Chocolate Market

The rising health awareness among consumers in Asia Pacific is fueling the demand for low calorie chocolates. Therefore, chocolate manufacturers are increasingly concentrating on the development of chocolates with numerous health benefits, in order to tap the health conscious consumer segment. Manufacturers are making use of dark chocolates, which reduce insulin resistance and the risk of heart diseases and improve the body’s antioxidant levels.

Another significant opportunity in the market lies in the tier 2 and tier 3 countries of Asia Pacific. Chocolate novelties are yet to make a significant impact in these countries and thus, there is an immense scope of growth. Regular advertisements and intense marketing programs can help create a lucrative market for chocolate novelties in these untapped countries. Increasing the distribution channel in these areas will help increase accessibility and convenience to buy chocolates, thus boosting the market in the coming years.

This information is based on the findings of a report published by Transparency Market Research titled “Asia Pacific Chocolate Market - Scenario, Trends, Industry Analysis, Size, Share and Forecast, 2013 - 2019”

The Asia Pacific chocolate market is segmented as follows:

Type
  • Boxed Chocolates
  • Countline Chocolates
  • Straightline Chocolates
  • Molded Bars
  • Novelties
  • Other Chocolates
Countries
  • Australia
  • New Zealand
  • China
  • Japan
  • India
  • Malaysia
  • Singapore
  • South Korea
  • Rest of APAC (Philippines, Thailand, Indonesia, Hong Kong)


Global Compound Feed Market and Feed Additives Market to be Driven by Increasing Meat Consumption

The compound feed industry has a vital role in the food chain, as it provides nutritious and sustainable food to animals raised in captivity. Feed additives are primarily supplements used in compound feed to enhance the total productivity and health of animals. In 2012, the global compound feed market and feed additives market stood at US$15.1 billion and is estimated to touch US$18.3 billion by the end of 2017, growing progressively at a 3.72% CAGR from 2013 to 2019.Rapidly increasing meat consumption, growing population, and rising consumer awareness are some of the factors expected to boost demand for compound feed in the coming years across the globe. Moreover, growth in GDP of economies and technological advancements are proving to be great opportunities for the market players.On the flip side, increase in ethanol production and quality control during manufacturing and processing are some of the factors that are anticipated to hamper growth of the global compound feed market in the near future.


Swine Feed Segment of Global Compound Feed Market to Record 3.92% CAGR from 2012 to 2017

On the basis of products, the global compound feed market is segmented into pet food, swine food, poultry food, cattle food, and aqua food. Among these segments, the swine feed segment dominated the global compound feed market in 2011, accounting for approximately 31% of the overall market. It is expected that this segment will touch US$81.1 billion by the end of 2017, growing significantly at a 3.92% CAGR from 2012 to 2017. The other segments will collectively boost the demand for compound feed in the near future and witness steady growth.

On the other hand, the global feed additives market is segmented on the basis of products into feed acidifiers, amino acids, antioxidants, enzymes, antibiotics, and vitamins. In 2012, the amino acid segment led the global feed additives market, accounting for 30% of the overall market. It is anticipated that the amino acid segment will reach US$5745 million by the end of 2017. However, the highest growth rate will be showcased by feed acidifiers, growing at an expected 5.98% CAGR from 2012 to 2017.

North America Led the Global Compound Feed Market in 2010

The global compound feed market and feed additives market has been geographically segmented into Latin America, North America, the Middle East and Africa, Europe, and Asia Pacific and Japan. In 2010, the compound feed market was dominated by North America, which stood at US$72.3 billion in terms of revenue. On the other hand, Asia Pacific has a promising growth potential in this industry in the coming years, owing to the fact that consumption of animal-based and animal-derived products is rapidly increasing in this region due to high disposable incomes of the average consumer. In 2012, Europe held the largest share of the global market, accounting for 33.5% of the global feed additives market. The market for compound feed and feed additives in Europe stood at US$5078.7 million. This is due to the importance of meat and dairy in the traditional meals in many European countries.

Rising Application in Pharmaceutical and Animal Feed Industry to Fuel Sales of Tocopherol

After nearly a century of aggressive research and thousands of publications, experts are yet to confirm the physiological functions of tocepherol, alternatively known as vitamin E. However, available evidence suggest its role in cell homeostasis occurring through the modulation of specific genes involved in inflammatory, proliferative, metabolic, and antioxidant pathways.


Due to the potential benefits of tocopherols in the treatment of diseases such as Parkinson’s disease, neurogenic problems, lung cancer, Huntington's chorea, oral cancer, restless leg syndrome, and others, their demand has been persistently rising over the past few years. Spurred by factors such as the rising health consciousness among people living around the world, a rapidly graying population, and the rising adoption across the pharmaceutical and animal feed industry, Transparency Market Research (TMR) projects the global mixed tocopherol market to exhibit a positive 4.6% CAGR between 2016 and 2024. TMR forecasts the market to reach US$3.04 bn by the end of 2024. It was valued at US$2.03 bn at the end of 2015.

Q: Which regional segments will prove most lucrative for global mixed tocopherol market?

A: Presently, North America and Europe are at the forefront of the global mixed tocopherol market. These regions collectively held over 60% of the overall market in 2015. Of these, Europe emerged as the dominant regional segment. However, TMR forecasts the Asia Pacific market for tocopherol to expand at a higher pace than other regions in the forthcoming years.

The rising consumption of tocopherol across diverse industries, such as pharmaceutical, cosmetics, and animal feed, will boost the Asia Pacific market. It will also gain from the vast and easy availability of sources of raw materials such as coconut or palm oil in the region.

Q: What factors will encourage sales of mixed tocopherol worldwide?

A: Mixed tocopherol producers are primarily capitalizing on the increasing geriatric population and the rising demand for health supplements. With people around the world becoming more concerned about their health and well-being, the consumption of mixed tocopherol is expected to rise.

Tocopherol-rich health supplements have become more popular among the younger population looking to increase their physical endurance and gain muscle mass. Likewise, the demand for alpha tocopherol supplements is rising among aged people since they improve bone density thus reducing the chances of fractures. Benefits offered alpha tocopherols are validated by acclaimed health publications such as the American Journal of Clinical Nutrition. A recent report published in the journal has linked daily consumption of alpha topcopherol-based supplements with over 22% reduction in the risk of bone fracture among adults.

Spurred by the aforementioned factors, besides rising awareness about its benefits in beauty and skin care, tocopherol producers are expected to witness rising demand in the near future.

Q: What strategies have proven most lucrative for enterprises operating in the mixed tocopherol market?

A: Accounting for a significant share in the market, DSM N.V. enjoyed dominance in the global mixed tocopherol market in 2014. In order to gain a competitive advantage amidst a high level of consolidation, leading players are highly reliant on innovation and research and development. They are also focusing on the launch of new products to gain a competitive edge in the market.

For instance, in December 2015, Archer Daniels Midland Company (ADM), one of the largest food ingredient providers in the world, strengthened its product offerings by launching vitamin E products called Novatol Sunflower Vitamin E Succinate and Novatol Sunflower 5-67 Vitamin E.

These companies are also expected to capitalize on the increasing demand from leading pharmaceutical and cosmetics companies. Furthermore, with local industries aiming to establish a footprint in their domestic cosmetics market, the demand for mixed tocopherols is expected to increase considerably in the forthcoming years. 

Demand for Diabetic Food to be fueled by Growing Concerns over Alarming Increase in Prevalence of Diabetes

In recent times, diabetes has emerged as one of the most challenging health conditions across the world. According to the WHO, a total of 415 million cases of diabetes were reported globally in 2015. The count is rising at an alarming rate and is expected to reach 642 million in the next 25 years. Till now no medication has been found that can completely cure diabetes. It can only be controlled to an extent with specified diet, which includes sugar-free and low-calorie food.


The high prevalence of diabetes has increased concerns among people across the world, leading to a massive shift in consumer preference towards diabetic food. According to a study by Transparency Market Research (TMR), the global market for diabetic food, which stood at US$7.4 bn in 2013, is likely to witness a robust rise at a CAGR of 5.90% from 2014 to 2020 and reach US$11.1 bn by the end of 2020.

In this blog post, analysts at TMR answer important questions about the worldwide market for diabetic food:

What are the defining trends in the global market for diabetic food?

There are quite a few trends that have been instrumental in shaping the global market for diabetic food. Primary among them is the change in food preferences, owing to the increased awareness regarding health and fitness. As a precautionary measure, consumers are increasingly replacing their regular diet with low-sugar and low-calorie diabetic food, significantly driving the market. The enhancement in the living standards of consumers, thanks to their rising disposable income, is also fueling the demand for low-calorie diabetic food across the world.

On the flip side, the market is likely to be flustered with a strong hike in prices of diabetic food products in the coming years. The lack of well-developed distribution channels is anticipated to hamper the availability of diabetic food products, resulting in increased product prices.

What are the key trends seen in the competitive landscape of the global diabetic food market?

The global market for diabetic food demonstrates a fragmented landscape due to the presence of a large pool of participants, which also signifies the intense competition within the market. Producers are aggressively focusing on building distribution networks with food product vendors in a bid to expand their reach.

Looking forward, partnerships with leading pharmaceutical companies is likely to emerge as a key trend among diabetic food producers in order to enhance their brand value.

How are the regional markets for diabetic food performing?

North America has emerged as the leading market for diabetic food across the world and is expected to remain dominant in the near future. The rising prevalence of diabetes, propelled by the increasing base of the geriatric and obese population, especially in the U.S., is the key driving force behind the swelling demand for diabetic food in this region.

Led by the strong demand in the U.K. and Germany, Europe has acquired the second position in the worldwide market for diabetic food. The growing consumer awareness about diabetes and related precautionary measures are expected to support the region to retain its position in the forthcoming years.

China, India, and Japan are driving the market for diabetic food in Asia Pacific. The unmet medical needs of consumers in these countries are providing untapped opportunities for key vendors of diabetic food. The increasing western influence thanks to globalization and the escalating disposable income of consumers is likely to keep the demand for diabetic food high in Asia Pacific over the next few years.


Diverse Applications of Corn Starch Beyond Cooking and Food and Beverages Industry to Boost its Sales

A considerable rise in sales has chalked a positive trajectory for the global corn starch market in the last few years. According to Transparency Market Research (TMR), the market has been gaining impetus from favorable year-on-year growth in the paper and textile industry. Besides this, a spurt in the consumption of convenience food across emerging economies has also proved quite lucrative for corn starch producers.


Over the years, the demand for corn start has been gradually rising. As consumers across emerging regions look for potential and cheaper alternatives to cane sugar, the future of corn starch producers seems promising. Maize plantations have a high output and are rich in starch content, which is one of the key factors fuelling demand for corn starch as a cheaper alternative for cane sugar. In contrast, the increasing availability of substitutes such as tapioca has been restraining the market’s growth. Potential health hazards associated with certain industrial uses of corn starch and the subsequent implementation of stringent laws are also limiting the scope for the market’s expansion

Nevertheless, according to TMR, the global corn starch market is expected to reach US$22.1 bn by the end of 2016. Between 2016 and 2024, the market is expected to expand at a CAGR of 4.8%.

Q: How is the market expected to gain from the diverse applications of corn starch?

A: In recent years, the use of genetically-modified corn has significantly increased. This has, in turn, bolstered access to high-yielding crop varieties. This, combined with the rising consumption of convenience foods across emerging economies, will bode well for the corn starch market. With the sales of ready-to-mix foods projected to more than double in the near future, experts foresee favorable growth opportunities for the market.
Furthermore, the use of corn starch in products such as instant tea, coffee, and cake mixes is expected to rise considerably. Asia Pacific, during this time, is likely to emerge as the leading consumer of paper and paper products.

Q: Which geographical segments will exhibit lucrative opportunities for corn starch producers?

A: North America presently leads the global corn starch market, in terms of both volume and value. However, the market in Asia Pacific is expected to grow at a higher pace in the forthcoming years, as the region witnesses a surge in demand from the food and beverages, paper, and textile industries. Demand for corn starch is likely to be exceptionally high in ASEAN, India, and China. Lured by lucrative opportunities, several prominent companies have invested in the region in the recent past. Besides this, MEA is also expected to present attractive prospects for corn starch producers.

Q: What new applications are producers exploring to gain competitive advantage?

A: The market is presently witnessing rising demand for modified corn starch from industries such as pharmaceuticals and food and beverages. Besides this, its use in the production of eco-friendly bags has increased as well.

The corn starch market is thus also expected to gain impetus from the rising research and development activities aimed at finding suitable alternatives to plastic bags. A case in point is the invention of compostable fabric, suitable for producing durable shopping bags, by two Czech students Tereza Dvorakova and Cue Hana Nemcova. Made using corn starch and natural dyes, these bags are called Frusack. They can be reused and are completely compostable after use.

Following suit, Dualit, a popular British manufacturer of tea and coffee capsules, has introduced compostable capsules including a protective bag, lid, and pod produced using corn starch. These 100% compostable capsules can be broken down in 90 days by providing natural heat. Increasing research leading to product innovation will create growth opportunities for the market in the forthcoming years.

Corn start is a versatile powder and a cleaning agent. It boasts a myriad industrial uses ranging from fabric stiffener in the textile industry to natural deodorizer and moisture-absorbing powder used to prevent mildew from ruining books and documents. Such diverse applications of corn starch in the food and beverages industry and beyond have been significantly aiding the expansion of the corn starch market globally.

Tuesday 30 August 2016

Rising Demand for Food Products to Create New Growth Prospect of Global Edible Oil Market, Reports TMR

A new study by Transparency Market Research (TMR) presents a complete overview of the market for global edible oil by evaluating its driving forces, limitations, market trends, opportunities, and growth prospects. The report, titled “In-store Health Clinics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024,” states that the rising demand food products, owing to the surge in the global population, is the key driving force behind the remarkable growth in the demand for edible oil across the world.


The continual increase in the count of fast food joints and restaurants and the substantial growth in various finished food product industries have also added significantly to this growing demand in the recent times. Over the next few years, the increasing research and development activities, leading to the production of oil with low fat content and additional nutrients, such as rice bran oil, is expected to propel the worldwide market for edible oil substantially. Apart from this, the increasing preference for refined oil, thanks to the growing awareness regarding health and fitness, is also projected to influence this market positively in the long run, notes the research study.

The report studies the global market for edible oil on the basis of product and the geographical spread. Based on product, the market has been categorized into soybean, rapeseed palm oil, and sunflower. Among these, palm oil is the most preferred edible oil across the world, accounting for a share of nearly 30% in the overall market.

Geographically, the research study has segmented the worldwide market for edible oil into Asia Pacific, Europe, North America, and the Rest of the World. Asia Pacific is projected to emerge as the most promising market for edible oil over the next few years. The consumption of edible oil is predicted to increase remarkably in this region due to the growing population in China and India, creating new growth opportunities for manufacturers. China is likely to lead in terms of vegetable oil consumption, trailed by Europe, states the report.

The research report also evaluates the competitive landscape of the global market for edible oil in order to identify the prevalent market hierarchy. According to the report, the leading producers of edible oil, globally, are focusing aggressively on product innovation and advancement in current offerings. Archer Daniels Midland Co., Bunge Alimentos SA, Ach Food Companies Inc., Ruchi soya, Beidahuang Group, and The Adani Group are the key producers of edible oil mentioned in this study.

Increasing Heart Diseases to Create Growth Opportunities for Heart Health Supplements Market, Says TMR

A new report by Transparency Market Research (TMR), titled “Heart Health Supplements Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024,” presents a complete overview of this market with a special emphasis on the key trends and growth prospects.


According to the study, the global market for heart health supplements has exhibited a drastic rise in revenues, thanks to the swelling number of cardiovascular diseases reported annually. The growing awareness among consumers pertaining to the benefits these supplements can provide to their heart is boosting the demand for heart health supplements considerably across the world. The demand for heart health supplements is also being influenced by the constant change in the lifestyle of consumers, as it is leading to a surge in the demand for products with nutritional value.

Over the coming years, the market is likely to witness a substantial upswing due to the introduction of advanced heart health supplements that can be useful in minimizing stroke and improving circulation, notes the study.

The report evaluates the worldwide market for heart health supplements on the basis of the type of supplement and the geographical spread of this market. By the type of supplement, the market has been classified into synthetic supplements and natural supplements. Vitamin E, Omega-3, proteins, and antioxidants are the key types of synthetic supplements available in the global market. On the other hand, the natural supplements segment includes soy and fiber, whole grains, dark chocolate, and oats. Omega-3 and antioxidants are the most preferred heart health supplements across the world, finds the study.

Based on geography, the report categorizes the global market for heart health supplements into North America, Europe, Asia Pacific, and the Rest of the World. North America has been leading this market since the last few years. However, due to saturation, it is likely to lose ground to other regional markets.

Asia Pacific is expected to gain significantly from this situation with manufacturers shifting their focus towards developing economies. In these countries, the demand for heart health supplements is projected to witness a substantial rise due to the growing prevalence of heart diseases and increasing the disposable income of consumers, presenting lucrative growth opportunities for market players. The U.S. leads the heart health supplements market in North America while the market in Asia Pacific is dominated by India and China, states the report.

Abbott Laboratories, Koninklijke DSM N.V., AdvoCare International L.P, Amway, Bayer A.G., and DuPont are some of the key manufacturers of heart health supplements across the world, reports the research study.


Demand for Longer Shelf Life of Food Products to Fuel Uptake of High Pressure Processing Technology, Says TMR

The increasing demand for natural and environment friendly food processing solutions has been creating lucrative opportunities for the global high pressure processing market. In a report, titled “High Pressure Processing (HPP) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024,” Transparency Market Research (TMR), presents a detailed overview of the factors translating into high sales opportunities for the market and those restraining its trajectory.


High pressure processing (HPP) technology is a natural alternative for food processing. The technique involves freezing pasteurization in which the final product after packaging is introduced into a container. The container is then subjected to isostatic pressure administered at the highest level by water. The method helps discard any traces of yeasts, bacteria, parasites, viruses, and molds present in the food. This way HPP technology aids in extending the shelf-life of the product. The process also allows eliminating thermal degradation.

Over the last few years, various food and beverages units are replacing conventional thermal methods with HPP technology. It has been put into practice in meat and seafood processing as well in order get the desired softness in meat and extract meat from crustaceans. The fact that high pressure processing meets the requirement of minimal processing and freshness is resulting into its strong demand over the last few years.

High pressure processing avoids the use of chemical additives and consumes less energy than contemporary technologies. Since it ensures extended shelf life across a wide range of products, thereby resulting in fewer product returns, the demand for high pressure processing is likely to increase further in the forthcoming years. Besides this, HPP technology requires comparatively less processing time, which fuels its demand globally.

On the flip side, the cost of pasteurization and sterilization is higher in case of high pressure processing compared to traditional thermal methods. This is a key factor restraining the uptake of the technology across smaller enterprises. Nevertheless, the increasing awareness about HPP technology will help accentuate the demand in the near future.

Based on type, the global high pressure processing market can be segmented into orientation of HPP equipment, the vessel size of HPP equipment, horizontal HPP equipment, and vertical HPP equipment. By application, the market is segmented into fruits and vegetables, meat, seafood, and juice and beverages. The geographical segments of the market are North America, Asia Pacific, Europe, and Rest of the World (RoW).


Some of the most prominent companies operating in the market are Chic Freshertech, Avure Technologies Inc., Hiperbaric Espana, Baotou Kefa High Pressure Technology Co. Ltd., Kobe Steel Ltd., Multivac Sepp Haggenmüller GmbH, Motivatit Seafoods L.L.C., Thyssenkrupp Ag, Stansted Fluid Power Ltd., Beskyd Frycovice A.S., and Millard Refrigerated Services.

Increasing Preference for Seafood as a Snack to Open New Profit Streams for Market Players, States TMR

A new study by Transparency Market Research (TMR) on the global seafood market states that the increasing preference for fish and other seafood, such as crabs, as a snack is propelling this market significantly across the world. The research report is titled “Seafood market - Global Forecast, Market Share, Trends, Size, Growth and Industry Analysis 2016 - 2023,” and it presents a complete overview of this market by considering the market trends and growth prospects.


According to the report, inventions and variations in seafood items and dishes, together with the growing demand for high-protein fat-free food, globally, is expected to boost this market during the forecast period. In this research study, the worldwide market for seafood has been analyzed on the basis of the product, retail market varieties, and the geographical spread of this market. Based on product, the market has been classified into fish, molluscs, crustaceans, and other seafood. Fish and other seafood, such as oysters, crabs, and octopus are the most preferred seafood among consumers across the world. The popularity of molluscs and crustaceans has also registered steady growth in the recent times.

In terms of retail market varieties, three types of seafood are available in the global market, namely, canned seafood, chilled seafood (smoked and salted), and frozen seafood (ready meal), notes the study. On the geographical front, the report segments the market into Europe North America, Asia Pacific, and the Rest of the World. Europe has been leading the global market over the last few years. The growing consumption of fish and various types of seafood in this region has been driving the growth of North America seafood market in the recent times and is expected to continue doing so throughout the forecast period.

Europe, which holds the second place, is being driven by the immense increase in the import and export of seafood and is likely to retain its position by the end of 2023. Asia Pacific is also projected to experience a robust rise in the demand for seafood over the forecast period, states the report.

The competitive landscape of the global seafood market has also been studied in this report to determine the prevalent market hierarchy. As per the study, Grupo Pescanova, Thai Union Frozen Products, Marine Harvest ASA, Royal Greenland, Cuulong Fish, Abba Seafoods, John Westfoods, and Stone Seafood Co. are the leading companies functional in this market.


Some of the other prominent market players are AquaChile, Fishery Products Int., Tri Marine Int., Surapon Foods Public, Toyo Suisan Kaisha, Austevoll Seafood, Iglo Group, Beijing Princess Seafood Int., Clearwater Seafood, High Liner Foods, Marine Int., Lyons Seafoods, and Leroy Seafood. 

Monday 29 August 2016

Increasing Use of Barley Malt for Production of Alcoholic Beverages to Open New Avenue for Barley Producers, States TMR

The report by Transparency Market Research (TMR), titled “Barley Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024,” presents a comprehensive study of this market considering the key market trends and growth prospects.


According to the report, the global market for barley has been mainly led by the escalating demand for barley malt for the production of alcoholic beverages. It further states that the soaring demand for convenience food products has also influenced this market positively in the recent times. Additionally, the rising trend of clean label is likely to increase the application of barley in the food and beverage industry, creating growth opportunities for market players in the near future.

On the other hand, the growing awareness regarding healthy living has encouraged people to cut down their alcohol consumption, impacting the demand for barley malt. As a result, the overall demand for barley is being hampered. Apart from this, the market is also being hindered by the declining barley yield due to depletion of arable land, infestation of pests and weeds, and the drastic changes in the climate, notes the study.

Broadly, the study has analyzed the worldwide market for barley on the basis of its regional spread, grade, product type, application, and cultivation. North America, Latin America, Eastern Europe, Western Europe, Japan, Asia Pacific excluding Japan, and the Middle East and Africa have been identified as the key regional markets for barley in this research report.

Among these, Asia Pacific led the overall market with Australia emerging as the key producer of barley across the world and China as its prime trading partner. Apart from China, Australia also exports huge volumes of barley to Japan, Saudi Arabia, Kuwait, and the UAE.

Based on grade, the report has segmented the market into feed grade, food grade, and malt grade. By product type, the market has been classified into hulless barley, covered barley, two-row barley, and six-row barley.

On the basis of cultivation, the market has been categorized into organic and inorganic. Application-wise, animal feed, food and beverages, pharmaceuticals, and nutraceuticals have been identified as the key segments of this market in the research study.


The research report has also presented an analysis of the competitive landscape of the global market for barley by profiling companies in order to determine the prevalent market hierarchy. Grain Crop Ltd., Crisp Malting Group, Malteurop Group, Ireks GmbH, Axereal Group, Cargill Inc., Global Malt GmbH & Co. KG, Muntons Plc., and Soufflet Group are the key companies functional in this market, reports the study. 

Increasing Awareness about Benefits of Soybean Oil to Fuel its Demand, Reports TMR

A study by Transparency Market Research (TMR), titled “Soybean Oil Market - Global Industry Size, Market Share, Trends, Analysis, and Forecast 2016 - 2023,” presents a comprehensive assessment of this market on the basis of market trends, growth prospects, driving forces, restrictions, and opportunities.


According to the study, the increasing awareness among consumers regarding the benefits of soybean oil compared to traditional edible oil has driven its demand significantly. It further states that the popularity of soybean oil has been increasing remarkably due to its good emulsifying ability and low-calorie content. As a result, it is witnessing a higher demand than other vegetable oils available globally. The absence of trans-fat and the minimal presence of saturated fat is also boosting its adoption among consumers considerably.

Going forward, the surge in health-related concerns among consumers is likely to shift their food preferences towards healthy products. Soybean oil, being a key source of Vitamin E and omega 3-fatty acids, is expected to gain significant momentum globally over the forecast period.
On the other hand, the availability of substitutes in abundance is limiting the demand for soybean oil. However, the versatility of this oil is anticipated to attract a large number of food product manufacturers across the world, creating growth opportunities for the market, notes the research study.
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In this report, the global market for soybean oil has been analyzed on the basis of application and its geographical spread. Based on application, the market can be categorized into salad dressing preparation, frozen foods, meat products, mayonnaise preparation, shortenings and margarine preparation, and the preparation of commercially baked goods. Based on geography, the market has been segmented into Asia Pacific, Eastern Europe, Western Europe, North America, Latin America, and the Middle East and Africa.

The study also presents the analysis of the competitive landscape in the global market for soybean oil by reviewing profiles of key players in order to determine the prevalent market hierarchy. As per the report, the market is moderately fragmented. Leading producers are concentrating on product innovations and advancements in current offerings in order to strengthen their positions in this market. Adani Wilmar Ltd., Cargill Foods Inc., and Ruchi Soya Industries Ltd. are the key producers of soybean oil across the world, states the report.

The main objective of this research report is to provide a better understanding of the existing as well as the future status of the worldwide market for soybean oil to market players and assist them in making gainful strategies for the further expansion of their business.


Fresh Food Products Open New Growth Avenues for Gluten-free Food Manufacturers

The growing perception of consumers regarding gluten-free food being a remedy to many health related issues, including weight management and high cholesterol, bodes well for the gluten-free food market. Despite being comparatively expensive than other food products, gluten-free food products are increasingly being consumed owing to medical reasons or general health and wellness awareness. However, the primary reason behind the high demand for these products remains the growing sensitivity towards gluten among an increasing number of people across the globe.


The demand for gluten-free products is estimated to rise in the coming years as retailers dedicate more shelf space to gluten-free food products, predicts Transparency Market Research (TMR) in its new study. According to the study, the global gluten-free food market will be worth US$4.9 bn by 2021 rising from US$2.8 bn in 2014, expanding at a CAGR of 7.7% from 2015 to 2021.

Q. What are the growth opportunities in the global gluten-free products market?

An enormous untapped opportunity awaits the gluten-free food products market, as there is an increasing demand for fresh food products such as pulses and vegetables, which are gluten-free. Meals based on peas, beans, and lentils are widely recommended by nutritionists and doctors for the maintenance of optimum blood sugar levels. Thus, gluten-free food manufacturers do not have to limit their production to bakery and ready-to-eat meals, but can expand their product range to the fresh food industry.

Initiatives such as the one by the Idaho Potato Commission (IPC) in the U.S., targeting various food service players have also encouraged the growth of the market. The IPC has facilitated food service players to incorporate potatoes in their menu in order to boost their gluten free offerings. All these factors serve as opportunities for the gluten-free food market, due to which the demand for these products will rise significantly in the future.

Q. What are the strategies implemented by leading players in the market?

Maintaining the prevailing quality standards in the food products comprises one of the most important strategies for leading players. To sustain in the global gluten-free food market, it is of utmost importance for players to adhere to various regulations and safety standards set by governments of various countries. Superior quality food products will see a long term business profitability through customer satisfaction. Additionally, high quality ensures goodwill and a positive brand image in the minds of consumers regarding a particular company.

Product innovation is also one of the most adopted strategy by key players. Heavy investments in R&D for the development of newer products is helping players meet demands of consumers.

Q. What are the recent developments in the global gluten-free food market?

Helston’s Good Food Bakery has launched the world’s first gluten-free Cornish pasty, after intense research of four years for its development. Targeting especially the high number of people diagnosed with coeliac in the U.K, the company opened a bakery specializing in gluten-free products.
After the success of falafel, salads, and hummus, Greggs, the bakery chain in the U.K., intends to offer gluten free food products by the end of 2016. Such new product developments are expected to increase the consumption of gluten-free food and help the market to grow.