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Tuesday, 4 October 2016

Asia Pacific Chocolate Market is Expected to be worth US$18.23 bn in 2019

The Asia Pacific chocolate market is concentrated, nearly with the top five players accounting for over 60% of the market in 2012. Frequent mergers and acquisitions are taking place in the industry with players competing to increase their market share. At the same time, players are striving for product innovation to attract consumers. However, what acts as a challenge and advantage for companies is that a strong sense of brand loyalty exists among consumers. The chocolate market faces a medium level of threat from substitutes such as snack bars, bakery products, and regional sweet varieties. The threat of new entrants is likely to remain low owing to the capital intensive nature of the industry and high interference from regulatory bodies.


According to the report, the Asia Pacific chocolate market is expected to be worth US$18.23 bn in 2019. On the basis of chocolate type, the molded bar chocolate segment will continue to lead and be worth US$5,543.9 mn by 2019. By geography, Australia is projected to remain the dominant regional segment and will be worth US$3,776.65 mn by 2019.

Increasing popularity of Chocolate as Gifting Option to Drive Market in Asia Pacific

Consumers in Asia Pacific are increasingly making use of chocolates as a gifting option. Attractive packaging and availability of newer variants are making chocolates an attractive gifting option. Boxed chocolates are one of those categories that are being increasingly used for gifting purposes. Another factor contributing to the Asia Pacific chocolate market is the rising disposable income of consumers, which in turn allows impulse purchases of chocolates. In addition to this, Asia Pacific have 717 mn people in the age group of 15 to 24 years, as per the United Nations Economic and Social Commission for Asia and the Pacific. This is benefitting the growth of the market because chocolates are most popular among consumers in this age group.

Increased Chocolate Cost to Hamper Demand

Chocolates make use of cocoa as their main ingredient and cocoa production is specific only to particular regions. This results in a shortage for cocoa. In addition to this, cocoa is also in demand from bakeries, restaurants, and beverage companies, further leading to a shortage in supply. As such, the price of cocoa is increasing continuously. This in turn is increasing the cost of chocolate production, thus ultimately resulting in lower purchases by consumers. The high cost of chocolate is an issue with cost-sensitive consumers residing in Asia Pacific and thus, the market is bound to be affected adversely.

Development of Nutritional Bars for Health Conscious Consumers to Widen Scope of Chocolate Market

Consumers in Asia Pacific are shifting their preferences towards healthy food products. “Manufacturers are thus, concentrating on developing chocolates that are low in calories and in sugar content so that chocolates continue to appeal to the expanding segment of health conscious people,” says a TMR analyst. In addition to this, health benefits of dark chocolate are expected to lead to an increased demand, thus benefitting the Asia Pacific chocolate market significantly.

Increasing advertisements and extensive marketing strategies adopted by players are anticipated to create opportunities in the untapped markets of Asia Pacific. Increasing the distribution network to the untapped markets will help boost 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:

Chocolate Market by Type
  • Boxed Chocolates
  • Countline Chocolates
  • Straightline Chocolates
  • Molded Bars
  • Novelties
  • Other Chocolates
Asia Pacific Chocolate Market by Countries

  • Australia
  • New Zealand
  • China
  • Japan
  • India
  • Malaysia
  • Singapore
  • South Korea
  • Rest of APAC (Philippines, Thailand, Indonesia, Hong Kong)

Global Baking Ingredients Market: Ever-changing Food Habits of Consumers to Influence Growth, says TMR

As per a new report by Transparency Market Research (TMR), the global market for baking ingredients is highly influence by the ever-changing food habits of consumers around the world. The research study, titled “Baking Ingredients Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013–2019,” offers an unbiased assessment of this market on the basis of the key trends, opportunities, and growth prospects. The growing consumption of baked food is fueling the demand for baking ingredients significantly across the world, notes the study.


On the flip side, the implementation of strict regulations, internationally, regarding the quality standard of baking ingredient products, is likely to reflect negatively on the sale of these ingredients in the years to come. The ambiguity over trans-fatty acids content and its effect on health conditions is also expected to hamper the usage of baking ingredients, globally, over the next few years. However, the growing influence of the western culture, where baked food, such as bread and cakes, is an important part of consumers’ daily diet, on developing economies in Asia Pacific and the Rest of the World is projected to offer growth opportunities to market players in the near future, states the research report.

In this research report, the global market for baking ingredients has been studied on the basis of the type of product, application, and the geography. Based on the type of product, the market has been classified into leavening agents, oils, fats and shortenings, colors and flavors, emulsifiers, baking powder and mixes, enzymes, and starch. Baking powder and mixes have been witnessing a strong demand from consumers across the world.

Based on application, the global market for baking ingredients has been categorized into cakes and pastries, rolls and pies, cookies and biscuits, and bread. Among these, breads, due to their high consumption, register a greater demand for baking ingredients.

Geographically, the report segments the market into North America, Europe, Asia Pacific, and the Rest of the World. Owing to the high demand for baked food in western nations, North America and Europe have acquired the leading position in this market.


Analysts have also examined the competitive landscape of the global market for baking ingredients in this research study. Using SWOT analysis and other analytical tools, they have also determined the current hierarchy of this market. As per the report, Corbion N.V., Kerry Group Plc, Aarhuskarlshamn (AAK), Taura Natural Ingredients Ltd., Associated British Foods Plc, Royal DSM N.V., Dawn Food Products Inc., British Bakels Ltd., Cargill Inc., and Muntons Plc are the leading producers of baking ingredients across the world

Global All Natural Food and Drinks Market: Rising Preference for Non-genetically Modified Products to Trigger Uptake, says TMR

A new market intelligence report by Transparency Market Research (TMR) titled “All Natural Food and Drinks Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019,” offers insights into various aspects of the market. It presents a comprehensive study of the factors impacting the growth of the global all natural food and drinks market. The geographical segmentation, product-wise segmentation, and competitive landscape are also discussed in detail in the report.


The demand for all natural food and drinks is high in developed markets such as the U.K., Germany, and the U.S. and is anticipated to increase at a significant pace in the forthcoming years. The growing consumer preference for non-genetically modified foods is compelling the manufacturers and organizations to manufacture products free from genetically modified ingredients and redefine labeling of these products. Several countries in Europe have already imposed a ban on genetically modified products as they can be harmful to human health, animals, and the environment. Reduced production and bans of such products are benefitting the growth of the global all natural food and drinks market.

Other factors such as technological advancements in the field of food and drinks and rising prevalence of chronic diseases are driving the market. On the flip side, the lower stability of natural food and drinks reduces the shelf life of products, which adversely affects the growth of the market. Moreover, the low availability of natural flavors is leading to higher price of these products, thereby limiting the demand for these products. However, the discovery of new sources of natural materials and the increasing practice for multifunctional flavors are likely to augur well for the growth of the global all natural food and drinks market.

By product type, the market has been bifurcated into all natural food and drinks and all natural food and drinks ingredients. The latter can be further segmented into natural preservatives, natural sweeteners, natural colors, and natural flavors. The increasing consumer consciousness regarding health coupled with the growing demand for nutritional products is contributing to the growth of the natural food and drinks segment. Geographically, the market is segmented into Europe, Asia Pacific, North America, and Rest of the World (RoW). The North America market for all natural food and drinks is expected to flourish owing to the presence of health conscious population and a large patient pool suffering from chronic diseases. Emerging economies in Asia Pacific are likely to present immense untapped opportunities to manufacturers.

Mergers and acquisitions and launches of new and innovative products are the key strategies used by leading players in the global all natural food and drinks market to increase their market shares. Some of the leading players in the market are Archer Daniels, Bunge, Con-Agra Foods, General Mills, Nestle and Tyson Foods.

Monday, 3 October 2016

Global Candy Market to Witness Robust Growth thanks to Emergence of Sugar-free Candies

A new market research study by Transparency Market Research offers a thorough analysis of the global candy market. The research study, titled “Candy Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013–2019,” presents insights into the key growth prospects and latest trends in the market. The research study has highlighted the key growth factors, latest trends, and opportunities in the global candy market along with the challenges and barriers that key players are expected to face in the next few years.


The research study makes use of numerous analytical tools to identify the key dynamics influencing the growth of the global candy market. The past performance and forecast statistics of the global candy market have been highlighted to offer a clear picture of the market. Moreover, the recommendations given by industry experts have been included in the study to guide new entrants as well as existing players in formulating effective business strategies.

The high rate of urbanization and the rising disposable income of consumers are the primary factors augmenting the growth of the global candy market. Key players in the global candy market are focusing on product innovation in order to boost the number of target consumers across the globe. In addition, these players are spending an enormous amount on marketing and advertising campaigns to establish a strong presence in the global candy market. On the flip side, the rising number of cases of obesity and diabetes is one of the primary factors restricting the growth of global candy market. However, the advent of sugar-free candies is projected to generate potential opportunities for key players in the market.

On the basis of product type, the global candy market has been classified into chocolate and non-chocolate. The classification has been done considering the presence of chocolate in the product. The chocolate candy segment features products that have either cocoa or chocolate in them. On the other hand, the non-chocolate candy segment compromise confectionary products that do have chocolate in them, such as hard candies, jelly beans, licorice, and marshmallows.

The candy market across the global is highly competitive in nature with the presence of several international and local players operating in it. With an expected rise in the number of players and their product portfolio, the market is projected to experience stiff competition in the coming few years. Some of the leading players in the global candy market are DeMet’s Candy Co., MondelĂ©z International Inc., NestlĂ© SA, Mars Inc., Ferrara Candy Co. To offer a clear understanding of the global candy market, detailed profiles of the prominent players have been provided in the research study.

Global Blast Chillers Market: Innovative and Eco-friendly Devices to Escalate Demand in India and China

A new market research report by Transparency Market Research, titled “Blast Chillers Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016–2023,” presents a detailed overview of the global market for blast chillers. Analyzing the historical trends and latest developments, the report presents a forecast of the market for the duration from 2016 to 2023.


The concept of blast chillers is to almost instantly lower the temperature of cooked food in order to eliminate the possibilities of bacterial growth. The typical temperature for bacteria to evolve and multiply on cooked food is from 46 degree Fahrenheit to 154 degree Fahrenheit but blast chillers make it possible to quickly drop the temperature from about 158 degree Fahrenheit to 37 degree Fahrenheit. This process of chilling the food within 90 minutes since it was cooked makes it significantly immune from external factors such as temperature and humidity, aiding it in maintaining its nutritious value. Chilled food is safe for storage and consumption even after a considerable delay.

This TMR research report has been prepared for the purpose of updating stakeholders in the global blast chillers market about the prevailing dynamics herein. This report also monitors the strengths and weaknesses of some of the leading vendors currently operating in the market and the strategies they are adopting to gain an edge over competitors. Some of the prominent companies in the blast chillers market, such as Traulsen, Master Bilt, Williams, and Advanced Equipment have been profiled in the report.

According to the report, the biggest driver for the global blast chillers market is the rising demand for instant food, especially among the urban population. Blast chillers help preserve the fragrance and quality of the food from the moment it is packed to when it is consumed. The proliferation of blast chillers across restaurants, catering units, bakeries, and fish and meat processing industries is also fueling the market.

Moreover, latest advancements in blast chilling devices have provided a major boost to the market. Blast chillers are now eco-friendly, consume considerably less electricity, and have become easy to operate with touch screen controllers. The latest models of blast chilling devices come with automatic defrost functions and inbuilt safety sensors that turn off the fan motor in case of any disruption during chilling or freezing cycle. Developments such as these are expected to drive up the sales of blast chillers. This TMR report lists out all the latest developments in the market of blast chillers devices as well as prospected future innovations.

From the regional perspective, this research report finds that Asia Pacific will offer the best opportunities in the blast chillers market due to rapid urbanization and the rising willingness among consumers to spend on blast chillers. India and China are expected to show considerable demand for blast chillers while North America will continue to report substantial growth during the forecast period.

GCC and Qatar Cooking Oil Market is Expected to Reach US$1.7 bn by 2024

By nature, the GCC and Qatar cooking oil market is highly consolidated, with the top three companies accounting for almost three quarters of the market in 2015. Savola Group, Emirates Refining Company Ltd., and United Foods Company dominate the scene through aggressive investments, strong distribution networks, and product innovations.

The cooking oil market in the GCC region is marked by intense competition, Transparency Market Research finds, and focusing on research and development activities to introduce new products has augured well for these players.


For instance, market leader Savola Group launched a new line of canola oil products in February 2015 and this product – with high Omega-3 properties – has furthered strengthened its hold on the GCC and Qatar cooking oil market.

In terms of revenue, the cooking oil market in the GCC and Qatar was valued at US$988.2 mn in 2015 and is expected to reach US$1.7 bn by 2024, expanding at a 6.6% CAGR therein. In terms of volume, the market is projected to register a CAGR of 8.4% during the forecast period.

Corn Oil to Witness Rapid Growth despite Low Market Share

On the basis of product, the cooking oil market in the GCC and Qatar is led by the sunflower oil segment, which recorded a significant share of more than 70% in 2015. On the other hand, despite accounting for a share of less than 7% in 2015, corn oil is expected to grow at the fastest rate through 2024. By type of packaging, retail package emerged as the key contributor in the cooking oil market in GCC.

Geographically, the market is divided into Qatar and other GCC countries. In terms of revenue, the cooking oil market in the rest of GCC accounted for a larger share in 2015 and is projected to amount to US$1.6 bn by the end of the forecast period. Registering a 6.5% CAGR from 2016 to 2024, the regional segment will retain its dominance in the GCC and Qatar cooking oil market. The Qatar cooking oil market, on the other hand, is projected to witness a greater rise in terms of volume than by value.

Demand for Processed Food Surges as Consumption Patterns Evolve

The increasing demand for processed food among consumers residing in the GCC region has complemented the growth of the cooking oil market in Qatar and other GCC countries, TMR finds. “Keeping this in mind, manufacturers operating in this market are engaged in extensive research and development activities to produce high-quality cooking oils that can address the health requirements of the consumers,” the lead analyst states. High purchasing power and the increasingly busy lifestyle of the consumers in the GCC region have altered consumption patterns and this is also pushing the demand for various cooking oils.

Lack of Local Production Hindering Growth

Most of the countries in the GCC region depend on imports for cooking oil owing to their weak local production. The economic and political instability in some countries and adverse climatic conditions in most have restrained the local production of cooking oil. “Imported products are priced on the higher side, due to which, consumers in the low-income group refrain from buying such products,” the author of the study. This acts as a major restraint on the cooking oil market in the GCC.

This review is based on the findings of a TMR report titled “Cooking Oil Market - GCC and Qatar Industry Analysis, Size, Share, Growth, Trends, and Trends and Forecast 2010 - 2024.”

GCC and Qatar Cooking Oil Market: by Product Type
  • Sunflower Oil
  • Corn Oil
  • Palm Oil
  • Palmolein
  • Palm Kernel
  • Others
GCC and Qatar Cooking Oil Market: by Packaging Type
  • Retail
  • Bulk
GCC and Qatar Cooking Oil Market: by Region
  • Qatar
  • Rest of GCC

Sunday, 2 October 2016

Sugar Confectionery Market in Asia Pacific and Latin America is Rising at CAGR of 5.70% during 2015 to 2023

A new report by Transparency Market Research (TMR) finds that the competitive landscapes of the sugar confectionery markets in Asia Pacific and Latin America are highly fragmented, which can be attributed to the presence of a large number of participants in each of the markets. In 2014, Nestlé, Mondelez International, Perfetti Van Mella, Hershey, and Ferrero led the Asia Pacific sugar confectionery market with a collective share of nearly 52%, whereas, the Latin American market was driven by Nestlé, Ferrero, Mars, Mondelez, and Arcor with a combined share of almost 48% in the same years.

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Currently, local players are dominating the sugar confectionery markets in both the regions. However, the coming years would witness a surge in the entry of international players in these markets, leading to an intensified competition between participants, notes the study. According to TMR’s estimations, the sugar confectionery markets in Asia Pacific and Latin America jointly presented an opportunity worth US$26.1 bn in 2014. Rising at a CAGR of a CAGR of 5.70% during the period from 2015 to 2023, it is likely to reach US$46.1 bn by the end of the forecast period. Toffees, caramels, and nougats witness a higher demand than other confectionary in Asia Pacific and Latin America and are likely to generate a revenue of US$12.2 bn by 2024.

Asia Pacific to Report Higher Demand for Sugar Confectionary

Asia Pacific and Latin America are the two main regional markets for sugar confectionery studied in this research report. Asia Pacific, among the two, has emerged as the key contributor to the overall market. Analysts expect the region to remain dominant, rising at a CAGR of 5.10% over the forecast period.

The reduction in the prices of sugar confectionery is likely to fuel its consumption in the developing economies in Asia Pacific, leading to a remarkable growth of this market in the coming years. Latin America is also projected to witness a steady rise in the market for sugar confectionery over the next few years due to the significant growth of the sugarcane industry.

Increasing Young Population to Fuel Demand for Sugar Confectionery

Children and teenagers are the key consumers of sugar confectionery across the world. “The rising base of the young population in Asia Pacific and Latin America is increasing the demand for sugar confectionery in both the regions,” says the author of this report. The ever-changing food habits of this set of consumers are forcing manufacturers to focus on product innovation.

Apart from this, the increase in the purchasing power of consumers, thanks to the improvement in economic conditions, is expected to offer lucrative opportunities for growth to sugar confectionery manufacturers in both the regions over the coming years, states the report.

Rising Concerns over High Sugar Level in Individuals to Limit Consumption of Sugar Confectionery

Although the growing demand for sugar confectionery points towards a thriving future for the global market, the escalating reports of high sugar level in individuals caused by high intake of confectionery are anticipated to hamper the growth of this market to some extent in the near future. Diabetes, metabolic dysfunction, increased uric acid, and liver damage are some of the main health conditions that high consumption of sugar confectionery may cause to humans. However, medicated confectionery, such as lozenges and hard candies, are likely to present lucrative opportunities for growth to confectionery-makers in the near future, notes the research study.

The study presented here is based on a report by Transparency Market Research (TMR) titled “Sugar Confectionery Market (Product Type - Boiled Sweets, Lollipops, Medicated Confectionery, Mint, Pastilles, Gums, Jellies and Chews, Toffees, Caramels and Nougat) - Asia Pacific and Latin America Industry Analysis, Trend, Size, Share and Forecast 2015 - 2023.”

The Asia Pacific and Latin America sugar confectionery market can be segmented as follows:-

By Product Type

  • Boiled Sweets
  • Lollipops
  • Medicated Confectionery
  • Mint
  • Pastilles, Gums, Jellies and Chews
  • Toffees, Caramels and Nougat
  • Others