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Tuesday, 2 August 2016

Organic Pet Food to Emerge As Booming Trend as Owners Become Increasingly Concerned about Pet Health

The pet food market is thriving with fads and trends that are no different from the marketing campaigns for human food. The demand for pet food is growing steadily after the largest recall in 2007, resulting in a rapid inclusion of organic and natural ingredients in pet foodstuff. Pet owners have the options of choosing from free-range, human-grade, organic, pure, holistic, and natural pet foods. The need for companionship is rising rapidly in the Middle East and Latin America owing to a growing inclination towards nuclear family. This has given rise to a number of people adopting pets and thus, leading to the growth of the pet food market.


According to a recent study published by Transparency Market Research (TMR), the Middle East and Latin America pet food market was valued at US$239.6 mn in 2013 and is expected to reach US$350.5 mn by 2020. The market in the Middle East is projected to expand at a CAGR of 5.6% from 2014 to 2020. The Latin America pet food market was valued at US$8,202.1 mn in 2013 and is expected to reach US$10,361.0 mn by 2020. The market is expected to expand at a CAGR of 3.4% from 2014 to 2020.

In this blog post, TMR answers three critical questions about the Middle East and Latin America pet food market:

Q. What factors are leading to a rise in the demand for pet food in the Middle East and Latin America?

The heightened demand for companionship and owing pets for security reasons are primary reasons behind the growing number of people adopting pets, subsequently giving rise to the demand for pet food. The growing trend of nuclear families is another factor driving the demand for pet foods. The rising concern and care for pets and rapid urbanization have led to an increase in the demand for pet foods. The increasing demand for branded and packaged food is also causing the pet food market in the Middle East and Latin America to grow to some extent. An overall increase in the disposable income among the people has also encouraged people to adopt pets and is boosting the pet food market.

Q. Which will be the pet food type that will witness the fastest growth rate?

The dry pet food segment led in the Middle East and Latin America pet food market among the different food types in 2013. Owing to the ease of handling and lesser cost, the dry pet food segment led in the market in 2013. Moreover, dry food can be stored for a longer time and feeding pets is easier.
However, the nutritious food segment is expected to be the fastest growing segment in the Middle East and Latin America. The growth of the nutritious food segment is due to increasing concerns among pet owners regarding pet health. The growing incidences of diseases such as canine parvovirus infection and Lyme disease will also lead to a rise in the demand for nutritious food segment.

Q. What are the recent trends in the pet food industry in the Middle East and Latin America?

Organic pet food is one of the emerging trends in the pet food industry. For instance, Natural Planet Pet Foods has choices for organic foods and have products containing exotic protein sources such as duck, rabbit, and kangaroo.


Soups are another emerging space and accelerating the value of pet food. A case in point would be Mars Petcare. In June 2016, the company launched Sheba Classic Soups for cats. Moreover, investments for expansion of facilities, with a vision to give pets better and more nutritious food are some of the other trends that are catching up with market players. For instance, Royal Canin has announced the investment of US$100 mn for expanding their facility in South Dakota.  

Food Preservative Industry Needs Improved Coordination between Regulatory Agencies

Food preservatives are a wide range of food additives added to food to keep it fresh and avoid spoilage. Since packaged food is often water-rich organic material, the natural processes within it can themselves lead to spoilage of the food. Microbes can also readily fester in food, thanks to the ready supply of nutrients. This calls for the use of food preservatives, which block antimicrobial action and delay the natural conditions leading to spoilage.


Food preservatives can be natural or synthetic, depending upon the duration for which the food needs to be kept fresh and the precise nature of the threats to be countered by the additive. According to Transparency Market Research, the global market for food preservatives was valued at US$2 bn in 2013. Exhibiting a steady 3.50% CAGR from 2014 to 2020, the market’s valuation is expected to rise to US$2.5 bn.

How will the increasing demand for organic food affect the food preservatives market?

One of the key drivers for the global food preservatives market is the increasing demand for organic food, which can’t be preserved with the same formulations used for conventionally farmed food. This has led to the generation of a new product category in the food preservatives market dealing specifically with the preservation of organic food. The widespread public perception of organic food as being healthier than conventionally farmed food is likely to aid the global food preservatives market massively in the coming years.

The rapid rate of urbanization around the world has also led to a growing demand for packaged food, which is a leading application segment of the global food preservatives market. Food preservatives are particularly important in packaged food, since packaged food is bought expressly to be eaten a significant time after its purchase.

What is the most important challenge for the food preservatives industry?

Food preservatives have a direct effect on the health of the consumer, leading to governments across the world setting firm regulations to control and monitor their use. However, illegal use of more effective but more dangerous food preservatives is common across the world and particularly prevalent in developing countries. Earlier this month, Burmese officials discovered widespread use of formalin, a chemical more commonly used to preserve human carcasses and prevent them from rotting, for the preservation of tofu and noodles. The rising prevalence of such instances is a key restraint on the global food preservatives market, and requires more comprehensive and coordinated efforts from global healthcare bodies.


The rapidly increasing demand for food preservatives from Asia Pacific makes coordination between the region’s food and beverage monitoring agencies particularly important. While North America led the global food preservatives market in 2013, Asia Pacific was not far behind and is likely to remain a key contributor to the global food preservatives market in the coming years. Australia, South Korea, India, China, Thailand are among the key markets for food preservatives, as the steady urbanization in these countries has led to the generation of a significant and expanding consumer pool.

Aqua Feed Production Upswing to Ride on Increasing Demand for High-quality Aquaculture Products

The quality of feed is important in animal production systems as it is essential to produce a healthy and high-quality product in an economical manner. In fish farming, nutrition is crucial as it accounts for a substantial amount of the production cost. Fish nutrition has advanced considerably in recent years with the development of new and balanced commercial diets that aid optimal fish growth and health. The development of species-specific diet formulations will result in the global aqua feed market to reach a valuation of US$122.6 bn by 2019, says a new market study by Transparency Market Research. Consequently, the aquaculture industry has been benefitted to satisfy the increasing demand for safe and high-quality fish and sea-foods.


Q. What are the major factors driving the growth of the global aqua feed market?

A. The demand for aquaculture products has been on the rise over the past few years. This is because aquatic foods have high nutritional value and are also quite affordable. To cater to this demand, aquaculture has developed considerably, wherein the breeding of aquatic products is monitored and controlled.

The flourishing aquaculture market contributes significantly to the growth of the global aqua feed market. On the other hand, revenue contribution by the aqua feed market makes up almost 50% of the cost involved in operating an aquaculture facility. Therefore, the growth of the aqua feed market is dependent on the growth of the aquaculture industry to some extent.

Q. What relation does feed type have on the growth of the aquaculture product?

A. Commercial fish diets are manufactured either as floating or sinking feeds. While both sinking and floating diets can produce satisfactory results, some fish prefer floating and others prefer sinking diets. However, extruded feeds are advantageous as it enables the farmer to observe the feeding intensity and can be adjusted as per need. This is because feeding rates are important to be determined if they are too low or too high for maximizing fish growth and feed use efficiency.

Q. Which is the most lucrative end-use segment of the global aqua feed market?

A. Carps are expected to contribute substantial revenue to the aqua feed market as they can breed in less than ideal environmental conditions. In 2012, carps accounted for more than 25% of the overall aqua feed market. Moreover, factors such as changing food habits, rising disposable incomes, and changing lifestyle are leading to the increased demand for carps and crustaceans. Carps and crustaceans are expected to be leading end-use segments of the aqua feed market in the coming years.

Q. How do regional markets fare in the global aqua feed market?

A. Asia Pacific is a significant market for aqua feed due to the high demand for fish and the emergence of a considerable number of aquaculture facilities in the region. The region held 65% of the overall market in 2012 and is expected to retain its dominant position until the end of 2019. Europe is expected to stand as the second-largest market for aqua feed in the coming years.


Monday, 1 August 2016

Players May Face Issues in Starch Derivatives Production due to Volatile Raw Material Prices, Says TMR

The competitive landscape of the global starch derivatives market demonstrates a highly fragmented structure. In 2014, the top three participants, namely, Archer Daniels Midland Co., Ingredion Inc., AGRANA Group, and Tate & Lyle Plc, jointly held a share of only 22.3% in the overall market.
Currently, the leading producers of starch derivatives are focusing on improving the quality of their offering in order to strengthen their market presence. However, over the coming years, these companies are likely to enter into strategic agreements with regional players in order to expand their reach. BENEO-Palatinit GmbH, Cargill Inc., Roquette Frères S.A., Emsland-Stärke Gmbh, Avebe U.A., and Grain Processing Corp. are some of the other prominent starch derivatives producers across the world.


Soaring Demand for Convenience Food and Beverages Boosts Opportunity in Starch Derivatives

The hyperactive lifestyle of people all over the world has left them with little time for proper meals, resulting in the soaring demand for convenience food and beverages. While the demand for starch derivatives is already high in developed nations such as the U.S., the U.K., and Germany, the rapid urbanization is expected to fuel their demand in emerging economies, such as China, India, and Brazil. The rising demand for these derivatives in natural sweeteners and their growing industrial application is also propelling the opportunities in them significantly.

On the flip side, the high volatility in prices of raw materials utilized to produce starch derivatives is a major hindrance to the growth of this market. The shortage of these raw materials, owing to their increasing utilization in other industrial processes, the dearth of customized starch derivative products, and the availability of alternatives, such as gum, may also limit the application of these derivatives during the forecast period, states TMR.

Supported by Demand for Starch Derivatives in China and India, Asia Pacific Set to Retain Leadership

In spite of these hindrances, the opportunity in starch derivatives, worldwide, is likely to report a healthy rise from US$45.3 bn in 2014 to US$68.7 bn by 2021, expanding at a CAGR of 5.90% during the period from 2015 to 2021.

Asia Pacific is estimated to remain the leading regional market for starch derivatives throughout the forecast period. The APAC starch derivatives market is expected to grow from nearly US$14 bn in 2014 to US$20.6 bn by the end of 2023. The soaring demand for starch derivatives in China and India is the key factor behind the strong position of Asia Pacific in the global market for starch derivatives. Analysts at TMR estimate this trend to remain the same over the forecast period.
These derivatives will continue to find most application avenues in the food and beverages sector and glucose syrup will retain its position as the segment witnessing the highest demand during the forecast period.

The study presented here is based on the findings of a report by Transparency Market Research (TMR) titled “Starch Derivatives Market - Global Industry Analysis, Trend, Size, Share and Forecast 2015 - 2021.”

Key Takeaways:
  • Top three participants jointly held a share of only 22.3% in 2014
  • Rapid urbanization is likely fuel demand for starch derivatives in emerging economies
  • Global opportunity in starch derivatives is expected to reach US$68.7 bn by 2021

The global starch derivatives market has been segmented in the report as follows:
By Product Type
  • Maltodextrin
  • Cyclodextrin
  • Glucose Syrup
  • Hydrolysates
  • Modified Starch
By application

  •   Food and Beverages
  • Feed
  • Paper
  • Cosmetics
  • Pharmaceuticals
  • Others (including industrial applications, bio-ethanol, bio fuel, glue manufacturing etc.) 

Evaporated Cane Juice Market - Global Industry Analysis, Forecast 2016 – 2024

Overview

Evaporated Cane Juice is combinations of sugars which includes fructose and glucose. Evaporated Cane Juice is the type of natural sweeteners sugar which is partially refined and is produced from a single-crystallization process. Evaporated Cane Juice is considered healthier alternative to standard table sugar. Both evaporated cane juice and table sugar are derived from sugar cane. However, evaporated cane juice crystals formation do not include the same process of refinement process as to make table sugar. This results evaporated cane juice crystals retain relatively more nutrients in comparison to the refined sugar. Evaporated Cane Juice is also named as raw sugar, unrefined sugar and natural sugar. There are varieties of evaporated cane juice crystals which includes demerara, milled cane sugar and muscovado. Demerara is the coarser grained type of evaporated cane juice crystals and has definite molasses flavor. Milled cane sugar is less coarse is golden brown in color and has a mild molasses flavor. Among all the type of evaporated cane juice muscovado sugar is the most common type of the evaporated cane juice. Evaporated Cane Juice is used as alternative to brown sugar and used in various application such as dry blending and baking.


Global Evaporated Cane Juice Market Segmentation

Global evaporated cane juice market can be segmented on the basis of type, form, application and region. On the basis of type evaporated cane juice market is segmented into natural and organic. Of which organic segment is expected to be the dominating due to the various ingredient manufacturers offering organic based evaporated cane juice. Based on form the segmentation includes granulated and powdered form. Of which, granulated form is expected to show fastest growth, followed by the powdered form segment. Various factors that attributed to the drastic growth of global evaporated cane juice segmented is attributed to the increasing health awareness among consumers coupled with the more preference of consumers for less processed food ingredients .

On the basis of application global evaporated cane juice market is segmented into application as bakery & confectionery, dairy, beverages, sauces and seasoning, cereals and nutraceuticals. Among all the application for global evaporated cane juice market bakery & confectionery application segment is the most dominating segment followed by the beverage application segment.

Global evaporated cane juice market is segmented on the basis of region as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, Middle East and Africa. Global evaporated cane juice market is expected to witness robust growth in North America, followed by Asia Pacific owing to increasing development of evaporated cane juice by the companies especially in North America.

Global Evaporated Cane Juice Market: Region-wise Outlook

Global evaporated cane juice market is expected to increase due the less processing required for its formation which results in retaining more nutrients in comparison more processed ingredients coupled with high consumer awareness regarding the ill effects of consuming processed food products. Evaporated Cane Juice market is expected to exhibit strong growth in Asia Pacific over the forecast period, followed by other regions due the rising number health conscious and upper middle class population in these regions.

Global Evaporated Cane Juice Market: Drivers

The global evaporated cane juice market is expected to witness remarkable growth over the forecast period. Various factors that are expected to drive the market growth of the evaporated cane juice market over the forecast period is the presence of definite flavour in the food products containing evaporated cane juice coupled with increasing preference of consumers, to consume flavoured food products. Moreover various evaporated cane juice crystals include such as demerara has large crystals that is preferably used in various hot drinks such as coffee and tea and also more preference of consumers for low calorie food products. However various factor that are expected to restraint the market growth of the evaporated cane juice market during the forecast period is onset various diseases such as cardiovascular diseases and diabetes due to the high intake of evaporated cane juice based food products.

Global Evaporated Cane Juice Market: Key Players

Major players operating in evaporated cane juice market are Gillco Products, Inc., Florida Crystals Corporation, DW Montgomery & Company, Sweet Additions, LLC and Batory Foods. Key Strategy adopted by the various ingredients provider is to continuously develop variety of evaporated crystal juice crystals.

The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape.


Omega 3 Ingredients Market to Report Healthy Growth at 15.2% CAGR between 2015 and 2021

Growing consumer health awareness and concern towards healthy lifestyle is leading to an increase in demand for omega 3 fatty acids such as EPA and DHA. Increasing incidence of heart related complications and other health issues are fueling the demand for omega 3 fatty acids. With the increasing interest towards maintaining a healthy diet is contributing to the growing popularity of omega 3 ingredients globally. Increasing preference for healthy food habits is driving the demand for omega 3 ingredients in North America, followed by Europe.


With the gradual flow of information regarding the health benefits associated with consuming omega 3 enriched diets is driving market in Asia Pacific. With the rising health consciousness omega 3 ingredients market in Latin America and Middle East and Africa is expected to witness positive growth over the forecast period. Increasing health issues related to blood pressure, high triglyceride level are major concerning factors. In addition, heart related complexities are major drivers for the growing demand of omega 3 ingredients globally.

In addition, changing lifestyle coupled with increasing consumer preference for healthy diet is stimulating the demand for omega 3 fatty acids. With the rising health awareness, consumers are showing preference for supplements and functional food high in omega 3 fatty acids. Moreover, omega 3 fatty acids also play a crucial role in overall health development of infants. Apart from this, increasing concern towards healthy eating among the health consciousness consumers is leading to an increase in the demand for omega 3 ingredients across various regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.

With the rising interest towards healthy eating is fueling the usage of omega 3 ingredients in supplements and functional food products, pharmaceutical and infant formulations. With the increasing efforts for avoiding health complexities related to high blood pressure and high triglyceride level is propelling the demand for omega 3 ingredients globally.

With the gradual flow of information regarding the benefits associated with consuming food products high in omega 3 is one of the prime factors fueling the demand for these ingredients across different regions globally. Growth in this sector is primarily driven by rising consumer interest in fortified products and functional foods.

North America dominates the market for omega 3 ingredients globally. Furthermore, rising consumer awareness about cholesterol control and technology advancement are certain factors contributing to the growth of the market. Increasing health consciousness and awareness is contributing in the growing popularity of omega 3 ingredients in Asia Pacific, followed by Latin America and Middle East and Africa.

Omega 3 ingredients are not only beneficial to treat heart disorders, but also assist in brain and nervous system development, which is critical in infants. The crucial role played by omega 3 fatty acids in the overall development of health particularly in infant formulations, is the major factor driving the growth of the omega 3 ingredients market. Growing prevalence of heart attack other heart related complexities is propelling the demand for omega 3 ingredients globally. Moreover, increasing disposable income and rising consumer expenditure on healthy food products is boosting the demand for omega 3 ingredients globally.

New product development and product features upgradation through research activities along with geographical expansion are some of the prime business strategies adopted by the major players in order to strengthen its foothold in this market globally. Joint ventures, strategic business alliances with different companies are among the key business strategies adopted by the leading market players in this market. New strategic partnership agreements help a company in gaining new resource capability. They also help in better market penetration by strengthening the product portfolio in a particular segment. Koninklijke DSM N.V. (Netherlands), BASF SE (Germany), Croda, Inc.(U.S.), NU-MEGA Ingredients Pty Ltd. (Australia), PronovaBioPharma ASA (Norway), Omega Protein Corporation (U.S.), FMC Corporation (U.S.), Copeinca ASA (Peru), Arista Industries, Inc. (U.S.) are some of the major players operating in the omega 3 ingredients market globally.


Chilled and Deli Foods Market to Exhibit CAGR of 3.0% from 2015 to 2021

Factors such as increasing demand for convenient food products is expected to bolster the growth of the chilled and deli foods market. The concept of chilled and deli foods is still new in most of the developing countries. Increasing number of working women is also impacting the demand of chilled and deli foods positively. Moreover, as a result of the improvement in the people’s lifestyle in the developing countries of Asia Pacific, the market is further expected to grow. Chilled and deli foods offer convenient food options for people who lead a busy and hectic lifestyle. The convenience offered by chilled and deli foods is one of the most important reasons responsible for their growth globally Furthermore, the demand for chilled and deli food in the region is expected to remain high throughout the forecast period as a result of the expansion of supermarkets and hypermarkets. The chilled and deli foods are a part of the culinary culture of the European people due to which its demand in the region is expected to remain high.


Meats, pies and savory appetizers, prepacked sandwiches, prepared salads and others are the five product type based on which the market has been segmented. The prepacked sandwiches segment generated the largest revenue in 2014 and was the largest category mainly due to the health benefits and complete food option associated with it.

Recent trends have shown that food and beverage companies are constantly entering in the chilled and deli foods segment as a result of the presence of huge opportunity in the market. Moreover, the existing companies are engaging in research and development to develop new flavors and add new varieties. Furthermore, the companies in the chilled and deli foods category are expanding their business by entering new countries such as China and India. Moreover, leading players in the chilled and deli foods market have adopted different competitive strategies to better serve the rising needs from their related industries. These companies aim to become stronger players in a fragmented market, wherein a number of players offer chilled and deli foods. The major players of the chilled and deli foods market are continuously engaging in research and development activities to introduce new varieties and improve the existing products. For example, in August 2014, Kraft Foods Group Inc. introduced four new flavors of deli meats under the name Old World Style. The four flavors are Cracked Black Pepper Salami, Classic Salami, Turkey Pepperoni, and Classic Pepperoni. However, the penetration rate of private label brands is still high wherein the market is fragmented and a large number of private label brands operate. A wide variety of products is being offered by major retailers with competitive pricing, thus providing immense opportunity for the chilled and deli foods market to flourish.

In terms of revenue, Asia Pacific was the largest in 2014 and the region is expected to continue its dominance throughout the forecast period. The demand for chilled and deli foods is expected to remain high in the region due to the improving economic conditions coupled with changing lifestyles. Moreover, the Asia Pacific region has a very large youth population which is further driving the chilled and deli foods market.


The Pies and Savory Appetizers was the second largest segment in the chilled and deli foods market in terms of revenue. The demand for pies and savory appetizers was mainly fuelled due to its popularity among the youth population.