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Wednesday, 25 April 2018

Extensive Application as Fortificant to Boost Demand for Food Grade Iron Powder Globally; APAC to Emerge Significantly over 2018 – 2026

Global food grade iron powder market is anticipated to expand at a promising CAGR over the next eight years, owing to insufficient iron intake from daily human diet, better yield & quality in agricultural produce and to enhance quality growth among animals. Transparency Market Research (TMR), in its recent outlook titled, “Food Grade Iron Powder Market: Global Industry Analysis and Opportunity Assessment 2018-2026,” projects the global market for food grade iron powder to expand at a CAGR of 5.9% during the forecast period. In terms of revenue, the market will possibly reach US$ 4.3 Mn by the end of 2018 and is anticipated to increase to nearly US$ 6.9 Mn by 2026 end.


Food grade iron powder is suitable for use as a fortificant (food additive containing any bioavailable iron nutrient or for pigmentation) for different application/purpose. Wide application of food grade iron powder in different sub-verticals is expected to rise in the forecast period. Far-reaching uses in nutritional & dietary supplements, dairy products, infant food products, animal feeds and for crop protection in agricultural segment makes it a prominent additive. Multinational players are expected to witness a growth in the demand for food grade iron powder from end use industries to enhance productivity and curb micronutrient deficiency by providing them with sustainable food & feed fortification solutions. Key players are expected to continue the integration of the value chain to gain control over the final prices of the products.

By type, the food grade iron powder market is segmented into elemental iron and iron compounds. The iron compounds such as ferrous fumarate, ferrous sulfate, ferrous gluconate and other is likely to be the most attractive segment in 2018. On the basis of end use, the food grade iron powder market can be segmented into food & beverage industry, animal feed purposes and in agriculture use. The food & beverage segment is estimated to account for a significant revenue share of 37.8% in 2018 and is expected to register significant growth rate during the forecast period. Furthermore, on the basis of region, APAC is expected to rise with a significant CAGR of 7.2%.

Iron deficiency is one of the world’s widespread micronutrient deficiency among infants and children aged six months to two years. The application of essential micronutrients in infant formulas is rising, owing to rising consumer preference for nutritional fortification in infant formula and baby food products. Hectic lifestyles of women, improper care due to devotion of less time to kids, and insufficient intake of nutrients by infants from breastfeeding, are expected to grow the demand for infant formulas with essential nutrients. Thus, there is a rising demand for iron fortification in infant formula.

The iron processors are increasing their production capacities and enhancing the production capability by using cutting-edge processing technologies. The processors are setting up production plants in areas where naturally occurring iron ores are present in abundance, in order to reduce the sourcing costs as well as meet the local market demands. Thus, benefiting in increasing sales and widening regional footprints. The use of technology due to advancement in production machineries resulting in increasing yield with shorter processing times, is further expected to enhance the productivity of iron powder for food applications.

Some of the restraints that are potentially restricting the growth of the food grade iron powder market include the risk attached with the higher intake of iron supplements. An overload of iron is likely to damage the internal organs, and may increase the susceptibility to diabetes, heart attack, and cancer. For instance, in the U.S., people have sufficient intake of iron from their natural diets. Thus, issues concerning with over consumption of iron is prominent among Americans. Also, high prices of chelated micronutrient fertilizers is a major constraint limiting widespread adoption or application, especially in field crops. High raw material cost leads to rise in crop prices, which in turn results in food inflation.

Some of the major companies operating in the global food grade iron powder market includes BASF SE, Yara International Ltd., Agrium Inc., Compass Minerals International Inc., Höganäs AB, DowDuPont Inc., AkzoNobel N.V, Bayer AG, Spectrum Chemical Manufacturing Corp, Syngenta International AG, Ashland Global Holdings Inc., Micnelf USA Inc., Industrial Metal Powders (I) Pvt. Ltd., American Elements, Belmont Metals Inc., Salvi Chemical Industries Ltd., Precheza as, Rio Tinto Metal Powders, Cathay Industries Australasia Pty Ltd and Jiangxi Yuean Superfine Metal Co. Ltd.


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Tuesday, 24 April 2018

Canned Tuna Market Reaching a Value Worth US$ 14,125.5 Mn by 2025

Although lifestyles of consumers worldwide are getting busier and faster, and the market offers an extensive range of prepared and frozen food, the global market for canned tuna is projected to experience passive growth over the next few years. Growing consumer dependency on prepared and ready-to-eat food is considered to be a key driver to push the demand for canned tuna a little farther over 2017-2025. Global revenue of canned tuna market was around US$ 10,496.1 Mn in 2017, which is expected to increase at a CAGR of 3.8% over the forecast period, reaching a value worth US$ 14,125.5 Mn by the end of 2025.


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

The growth of the ready-to-eat and easy-to-cook value added tuna market is evident, and there is an increasing demand for super-frozen tunas in the high-end European markets. Super-frozen tuna is mainly consumed in a Japanese delicacy - sashimi. In order to accommodate the supply and demand for super-frozen tuna, the canned tuna supply chain in Europe is improving, which will steadily lead to an increased volume of super-frozen tuna in the European market. Super-frozen canned tuna is available at relatively higher rates as compared to regular canned tuna but as consumers in this region are willing to experiment with new products and are also ready to pay higher prices for the same, super-frozen tuna is expected to fuel the growth of the canned tuna market in this region.

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

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

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


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Monday, 2 April 2018

Sugar Confectionery Market: Growing Preference for Healthy Products a Massive Growth Opportunity

The top five players in the Asia Pacific sugar confectionery market, namely Nestle S.A., Perfetti Van Mella SpA, Mondelez International Inc., Ferrero Group, and The Hershey Co, accounted for a combined share of just over 51% in 2014. Similarly, the leading five companies in the market in Latin America held a share of just over 47% in 2014. These players are Nestle, Mondelez, Mars, Ferrero, and Arcor. These figures by Transparency Market Research indicate that the sugar confectionery market is rather fragmented and a large number of players, both international and local, have been operational in this market.


“The APAC sugar confectionery market is characterized by the strong presence of numerous local players in India, Japan, South Korea, and China,” the lead author of the study observes. Looking to compete against these manufacturers, a number of global companies have ventured into these emerging markets. In May 2013, the Hershey Company launched the Lancaster brand of confectionery products in China. This was the first global brand launch for the company outside the U.S.

Considering the recent rise in the demand for premium chocolates and confectioneries, several companies have been introducing newer products and widening their product range in the premium confectioneries market. Acquisitions are another growth strategy that companies have been adopting to increase their competitiveness in various industry segments.

Growing Preference for Healthy Products a Massive Growth Opportunity

Although the demand for premium and healthy sugar confectioneries remains high across the Asia Pacific and Latin America market, the palate varies with location. “Keeping this in mind, players have been focusing more on product innovation to suit local preferences and provide consumers with healthier variants,” the TMR analyst notes. For instance, in 2015, Nestle S.A. removed all artificial flavors, colors, and ingredients from its portfolio of sugar confectioneries in all its regional subdivisions. This growing preference for healthy products and the subsequent innovation that drives company activities has fueled the APAC and LATAM market for sugar confectioneries.

Other factors driving this market include a largely untapped target audience with increased purchasing power and the growing young population base in both the regions.

Medicated confectioneries such as lozenges and hard candies are already available in the market. However, TMR predicts that the limited product range is expected to present numerous opportunities for players in the Asia Pacific and Latin America sugar confectionery market.

APAC Surpasses LATAM in Revenue from Sugar Confectionery


The Asia Pacific and Latin America sugar confectionery market was valued at US$26.1 bn in 2014 and expanding at a 5.7% CAGR from 2015 to 2023, the opportunity in the market is estimated to rise to US$46.1 bn by 2023. By geography, the sugar confectionery market is led by Asia Pacific, which accounted for more than 66% of the market in 2014 in terms of revenue. Latin America, on the other hand, is projected to expand the fastest pace during the forecast period. Accounting for a share of over 28% in 2014, toffees, caramels, and nougats emerged as the leading revenue generator in the sugar confectioneries market in APAC and LATAM.
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Chilled & Deli Foods Market will Reach US$988.70 bn by the end of 2021

Kraft Foods Group, Inc., Brasil Foods S.A., and Tyson Foods, Inc. collectively held 28% of the global chilled and deli foods market in 2014, leaving 72% of the revenue to be taken up by a very large number of regional players.

According to Transparency Market Research, these key players aim to acquire greater portions of the market revenue through various market consolidating ventures such as mergers and acquisitions and advanced research and development. For them, consistency in releasing new types of chilled and deli foods and other meats is key to gaining in market share.


Players Aim for Greater Sales in Rapidly Growing Prepackaged Sandwiches Segment

“Prepackaged sandwiches have been the most popular type of chilled and deli food in recent times. This segment not only has the ability to provide consumers with a more balanced diet, but also provides a high level of convenience. Prepackaged sandwiches fit perfectly into the hectic modern lifestyle of most middle-class workers” states a TMR analyst. While prepackaged sandwiches have always been popular in North America and Europe, they are rapidly gaining popularity in other parts of the world as well.

Meanwhile, thanks to advancements in packaging materials and manufacturing, prepared salads are showing the highest level of promise for players in the chilled and deli foods market. Salads are a highly preferred food preparation today due to the growing health-consciousness of consumers. Improvements in packaging allow salads to be kept fresh for longer, allowing better transportation and sales.

Economic Improvement in APAC Allows More Consumers Access to Chilled and Deli Foods

The demand for chilled and deli foods in Asia Pacific is currently very high and the key reason for this is the rapid growth in economy. China and India are especially responsible for the recent demand and developments in the Asia Pacific market for chilled and deli foods. The increasing disposable income among individuals in the growing urban areas of the two countries now hold key opportunities for not only the globally prominent players, but also the regionally popular ones.

Asia Pacific also holds a unique advantage for players in the form of a growing workforce in the chilled and deli foods business, especially in women. The increasing acceptance of modern social concepts and the need for greater earnings are increasingly allowing women to take up work, which holds promise for the chilled and deli foods business.

Demand for Chilled and Deli Foods Continues to Grow in Asia Pacific

The revenue generated globally by the chilled and deli foods players is expected to increase at a CAGR of 3.0% within a forecast period from 2015 to 2021. The revenue is expected to reach US$853.5 bn by the end of 2016 and US$988.7 bn by 2021.

Asia Pacific, through its high population density and rapid ongoing industrial growth, will consistently present the highest demand for chilled and deli foods. It is expected to reach a revenue of US$366.92 bn by the end of 2021.

The information presented in this review is based on a Transparency Market Research report, titled “Chilled and Deli Foods Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021.”

Key Takeaways:


  • Asia Pacific expected to generate chilled and deli foods revenue of US$399.92 bn by 2021.
  • US$397.46 bn of annual revenue in global chilled and deli foods market expected to be derived from pre-packaged sandwiches by 2021.
  • Pies and savory appetizers segment expected to be valued at US$297.7 bn by 2021
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Quillaia Extracts Market To Increase at Steady Growth Rate

Global Quillaia Extracts Market: Overview

With increasing trend towards naturally and organically derived ingredients, plant extracts have gained significant importance in the recent times. Quillaia extracts are derived from aqueous derivation or chromatographic separation of milled inner bark, branches of Quillaia Monlia or from the woods of pruned stems. With the advent of evolution in the food & beverage industry, there is the enormous inclination among manufacturers towards the extracts derived from natural source. Thus naturally derived quillaia extracts market is expected to record significant growth in the recent times. Due to their foaming and emulsifying properties, their primary application is found in food & beverages and cosmetics industry. Quillaia extracts are also significantly used in fragrance and flavours industry for the enhancement of flavours as well as in healthcare sector owing to their prominent health benefits.


Global Quillaia Extracts Market: Drivers and Restraints

With FDA approval to the quillaia extracts in the food & beverage industry, the market for quillaia is expected to record upwelling growth in the forthcoming years. Quillaia extracts market offers a broad array of application due to its peculiar properties such as stabiliser, foaming agent, emulsifier and flavouring agent. Moreover, quillaia extracts also finds its application in the treatment of bronchitis, skin allergies among others. Quillaia extracts also contribute significantly in the personal care industry, as it encourages hair growth and find its use in hair tonic preparations significantly contributing towards growth of global quillaia extracts market. Moreover, adoption of versatile use of extracts among the manufacturers, provides an opportunistic platform for the manufacturers to invest in the growth of the quillaia extracts market.

However, certain constitutes of quillaia extract have harmful health effects, which may lower the blood calcium level leading to kidney stones. Quillaia extracts are also poorly absorbed when administered orally resulting in serious health consequences. This might restrict the adoption of quillaia extract, thus, hampering the growth of quillaia extracts market. As quillaia extracts market is still in an emerging phase, deficient knowledge among the consumers regarding its applicability may encumber the growth of quillaia extracts market.


Global Quillaia Extracts Market: Region wise Outlook

The global quillaia extracts market is categorised into seven regions, namely, Western Europe, Eastern Europe Middle East and Africa (MEA), Asia Pacific excluding Japan (APEJ), , Japan Latin America and, North America. Europe accounts for major share of quillaia extracts market. As manufacturers seek for natural ingredients offerings in their products, due to increase inclination of consumers towards products made from natural ingredients. North America accounts for significant share in the global quillaia extracts market. In Asia Pacific region, India and China are considered to be opportunistic markets for quillaia extracts due to increase in preference of the consumers towards naturally or organically-derived products. As quillaia extracts are approved for human consumption in Japan, its growth is expected to further escalate during the forecast period in this region.

Global Quillaia Extracts Market: Key Players

Some of the prominent players identified in the global quillaia extracts market includes:

  •   Garuda International, Inc.
  • Naturex S.A
  • Ingredion International
  • Stan Chem International Ltd
  • Desert King International
  • Baja Yucca Company
  • Chile Botanics S.A
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Plain Caramel Market Driven by Growing Demand for Food Decorative Ingredient

Global Plain Caramel Market: Overview

Caramel is a form of carbohydrate that is formed by the process known as caramelisation. Caramel is extensively used as a colouring agent in the food additives. Caramel is available in four different forms namely plain caramel, caustic sulphite caramel, ammonia caramel and ammonia sulphite caramel. Caramel provides a broad spectrum of stable colours to the food ranging from light yellow to dark brown depending upon the type of caramel used. Plain caramel is the type I caramel prepared by heating carbohydrates with or without the presence of acids or alkalis and does not involve ammonium and sulphite compound in its preparation. Plain caramel cannot be used as a reactant and finds extensive use in brewery, food and beverages industries, pharmaceutical flavouring extracts among others. Being commercially available as sweetener comprising sucrose, fructose and glucose along with nutritive content. It is extensively used as sweetener and colouring agent along with emulsifier. It is considered to be safest of all classes of caramel.


Global Plain Caramel Market: Drivers and Restraints

Food and beverage industry is under continuous product innovation due to which applicability of single ingredient has been found in various products. Food decorative ingredient has been an emerging trend in food and beverage industry. Plain caramel being product of bakery and confectionery finds comprehensive use as food decorative. Thus, fuelling the market of Plain caramel. Plain caramel is highly concentrated more than a burnt sugar and considered to be alcohol proof hence extensively used in brewery industry and in the production of various carbonated beverages and other distilled liquors. Therefore, due to the broad spectrum of application of plain caramel in various industries accounts for the robust growth of its market.

However, plain caramel may also result in certain health adverse effects such as allergic reactions and are not suitable for consumers suffering from gluten intolerance. This may inhibit the growth of plain caramel market. Moreover, plain caramel has low colour strength and bitter aftertaste, which tend to get increased if more of it is added to impart the colour. Hence, the bitter taste results in less preference among consumers, resulting in steady growth the growth of plain caramel market.


Global Plain Caramel Market: Region wise Outlook

The global plain caramel market is categorised into seven regions, namely, Western Europe, Eastern Europe Middle East and Africa (MEA), Asia Pacific excluding Japan (APEJ), , Japan Latin America and, North America. North America accounts for the largest share of plain caramel market as demand for food decorative components has increased over recent times. Asia Pacific region projects opportunistic market for the growth of plain caramel market as there has been increased investment been made by food and beverages manufacturers in developing innovative food products. Europe also holds a significant share of plain caramel market due to increase in demand for food innovative products among the consumers.


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Irvingia Extracts Market Driven by Growing Health Conscious Behavior of the Consumers

Global Irvingia Extracts Market: Overview

Plant and fruit extracts market has proved to be treasured solution across industries. As these extracts are naturally and organically derived hence are gaining popularity among herbal products manufacturers and health conscious consumers. Irvingia extracts is also naturally extracted hence finds extensive use in plant extracts nutritional supplements. Irvingia extracts are derived from irvingia gabonensis seeds commonly known as african mango seeds. Irvingia extracts have been commercially used in the array of products, especially in food and cosmetics industries. The most prominent application of the irvingia extract is its use in the dietary supplement. The extract is used in weight management and hence believed to be the natural way of weight loss and to improve overall health. Irvingia extract has been extensively used for other therapeutic purposes due to its analgesic and antibiotic properties. This extract can also be used for various miscellaneous purposes such as in the production of wine and jelly based products such as jelly and jams.


Global Irvingia Extracts Market: Drivers and Restraints

Due to fibrous content of the irvingia extracts it promotes easy removal of the cholesterol from the body hence is extensively used as nutritional supplement for weight management. It also controls the hunger as it improves sensitivity of leptin receptor that helps to regulate the food intake particularly if combined with healthy diet and exercise. Hence irvingia market is expected to escalate with the growing health conscious behavior of the consumers and upsurge trend of nutritional supplements in the market. Irvingia extracts provides broad therapeutic applications such as increasing the level of high-density lipoproteins hence thereby helping in reduction of blood glucose level beneficial in type 2 diabetes condition. Irvingia extracts also works upon the adipocytes of the body and helps in appetite suppression to control obesity.

However, it is regarded safe when consumed in prescribed amounts but may be potentially toxic if consumed extensively. Irvingia extracts may have adverse effects on liver and may cause a gastrointestinal blockage. These factors may hinder the growth of irvingia extracts market. As irvingia extract is been at its introductory stage, hence lack of awareness among the consumers regarding its benefits may inhibit the growth of irvingia extract markets.

Global Irvingia Extracts Market: Region wise Outlook

The global irvingia extracts market is categorized into seven regions, namely, Western Europe, Eastern Europe Middle East and Africa (MEA), Asia Pacific excluding Japan, Latin America, and North America.

North America accounts for highest irvingia extracts consumption in form of dietary supplements. As the consumer consumption pattern is shifting towards nutritional supplements and herbal derivative products, the market for irvingia extracts is expected to escalate in Asia Pacific region. Europe also accounts for the major share in irvingia extract market due to the increasing health conscious behavior among the consumers. As irvingia extracts help in obesity reduction hence gaining immense popularity among weight conscious consumers.

Global Irvingia Extracts Market: Key Players

Some of the key players identified in the global irvingia extracts market includes:
  • Navchetana Kendra
  • Sicao farmers.co. Ltd
  • Hunan Huakang Biotech Inc.
  • Boli LLC.
  • Shaanxi Changyue Plant Chemical Co. Ltd


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