Food Safety Testing Market Current and Projected industry size in terms of volume and value 2017-2025

The global food safety testing market is anticipated to demonstrate healthy growth in the forthcoming years, as reported by Transparency Market Research (TMR). The vendor landscape of the market comprises of a number of small-and medium-sized enterprises, leading to fragmentation in the competitive ecosystem. Currently, five leading vendors currently hold approximately 20% of the total market share, as estimated in 2016. The key strategy adopted by players in order to gain market traction is deployment of premium services to users. This is expected to garner novel opportunities for budding market players. Market participants are expected to gain by investing significantly in research and development in the arena.

Leading vendors operating in the global food safety testing market are SGS S.A., Eurofins Scientific SE, Thermo Fisher Scientific, Bureau Veritas SA, and Bio-Rad Laboratories, Inc.

TMR predicts that the global food safety testing market is likely to reach US$1.3 bn by 2025, rising form and estimated US$0.6 bn in 2017. Over the forecast period of 2017 to 2025, the market is prognosticated to grow at a CAGR of 8.9%. In terms of the contaminant, the segment of pathogens held the prominent market share, with 42.5% of the overall revenue. Regionally, Europe is predicted to lead the global market, while accounting for 36.3% share as estimated in 2017.

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Ever-rising Food Safety Regulations to Provide Impetus to Growth

Food supply and nature of food are under consistent risk universally, and there is a rising interest for successful test solutions that can guarantee food safety. The act of food safety testing has increased over the previous years, attributable to incrementing rates of food-borne diseases and infection by tainted food products. Consumer forums and other non-benefit government associations are playing a key role in paving a way for food safety. Every one of these associations advocate for food safety in an unexpected way; while one focusses on exhibiting data through science and research, another focuses on demonstrating the genuine effects of food-borne disease, focuses more on consumer inclinations.

Pathogen testing currently commands the food safety testing market, with organic product and vegetable testing for contaminants being the most lucrative application region. Pathogens are harmful microorganisms that reason weakening of food quality and trigger genuine medical problems. Recent concerns regarding microbial contaminants, for example, E. coli and Salmonella, are driving the global food safety testing market.

Rise of Technologically Accurate Devices for Safety Testing to Push Development

The most recent biosensoristic and chemosensoristic devices utilized for discovery of contaminants in both natural and food systems, are convenient and take into account fast diagnostics. The optical and electrochemical bio/chemosensoristic devices are utilized as promising instruments in on location and ongoing applications for observing of food networks. This will have enormous effect on the food testing market soon.

Present food safety testing regularly includes setting food tests in a culture dish to see whether harmful bacterial states frame, yet that procedure takes a few days. Faster procedures in light of immunizer microscopic organisms’ connections or bacterial DNA intensification is exorbitant and it needs some precise instruments.

Recently, Massachusetts Institute of Technology has come up with a new technology that could offer less expensive and quicker food testing method. The new MIT test depends on a novel sort of fluid bead that can tie to bacterial proteins. This collaboration, which can be recognized by either the advanced mobile phone or bare eye, would give a significantly quicker and less expensive option in contrast to winning food safety tests. Innovative advances in food safety testing is expected to offer rich opportunities to merchants in the approaching years.

Juice Concentrate Market Size Demonstrates Immense Growth Potential With Staggering Cagr Value By 2025

The global juice concentrate market has been anticipated in a publication by Transparency Market Research (TMR) to be significantly fragmented and competitive. There could be a handful of players gaining an edge over other contestants in the market in terms of product differentiation. Players have been predicted to give a tough competition in the industry as they strive to come up with new products that flaunt novel flavors and tastes. Ciatti Company, SkyPeople Fruit Juice Inc., Ingredion Incorporated, Dohler Company, and Archer Daniels Midland Co. are some of the leading names of the market. The publication has provided a detailed view of how the competitive landscape could shape in the near future.

TMR has envisaged the global juice concentrate market to secure a staggering revenue of US$117.89 bn by the completion of 2025 after advancing from an US$89.56 bn valuation attained in 2016. Between 2017 and 2025, the market could post a 3.4% CAGR. On the basis of type, the market could see a continuation of the lead achieved by fruit juice concentrate in 2016. By region, Europe has been foreseen to attain supremacy in the market, considering its dominating reach to a US$32.97 bn in 2017.

Trend of Adopting Healthy Lifestyle for Upkeep of Good Health Drives Sales

Busy lifestyles and changing food habits of people have caused a surge in the attractiveness of convenience foods and beverages. While this could stoke the growth of the world juice concentrate market, there could be a positive influence placed on the demand for various products due to the trending adoption of a healthy way of life. The demand for fruit and vegetable juice concentrates has been expected to see a rise on account of the increasing awareness about healthy living. As more number of people adopt health-benefiting foods owing to a rising consciousness about good health, the demand could continue to increase in the coming years.

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Fruit juice concentrate is used in several foods and beverages such as ice creams and curds. If the form of juice concentrate is taken into consideration, clear concentrate has been foretold to gain a larger market share in the near future.

Awareness about Damaging Effects of Excess Fructose Consumption Dents Growth

Excess consumption of fructose has been scientifically studied to have harmful effects on the body. In this regard, it has been expected of juice concentrates containing a high amount of fructose to see a decline in their demand. However, as per a study provided in the publication, the demand for juice concentrate could rise while riding on strong expenditure on non-alcoholic and alcoholic fruit drink products due to changing economic conditions around the world. Moreover, there has been an increased spending on baby food, yogurt, and ice cream.

Furthermore, there are companies that introduce new flavors in the international juice concentrate market catering to the middle-income group. They have also been keen on introducing products that boast of high nutritional values. Cost-effectiveness and longer shelf life of juice concentrates compared to fresh juices could be other factors augmenting the demand in the market.

Dairy Blends Market: Information, Figures and Analytical Insights, 2017 – 2022

A recent report by Transparency Market Research (TMR), a leading market intelligence firm, states that the global dairy blends market will register a tremendous growth in the coming years. The market demonstrates a highly competitive business landscape, with a number of players, making use of different strategies to remain in the competition. The business landscape in this market is fragmented due to the presence of a large number of players, locally and internationally. However, the degree of competition does not fluctuate as the demand for dairy blends remain high across the world. New players continue to foray into this market, making it more fragmented.

Cargill Inc., Dohler GmbH, Agri-Mark Inc., Agropur Cooperative, Koninklije Viv Buisman B.V., Fonterra Cooperative Group Ltd., Advanced Food Products LLC, Kerry Group plc., Hormel Foods Corp., and All American Foods Inc. are some of the key vendors of dairy blends in the global market. Hitherto, the leading players in this market have been focusing on improving the quality of their dairy blends to keep themselves a step ahead of their competitors. The high production volume of leading vendors have been a huge issue for smaller ones. However, the increasing partnerships and strategic alliances among smaller players is likely to save them from being ousted from this market. Key dairy blend vendors are also expected to be engaged in several mergers and acquisitions in the near future, reports the research study.

According to the report published by Transparency Market Research (TMR), the global dairy blends market is anticipated to rise at a healthy CAGR of 5.80% over the period from 2017 to 2022. Among dairy blend products available in this market, the demand for dairy mixtures is expected to be rising over the next few years due to their high usage in the food and beverage industry.

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Based on geography, the global dairy blends market is spread across North America, Europe, Asia Pacific except Japan, the Middle East and Africa, and Japan. North America has established itself as the leading regional dairy blends market across the world. The high demand for dairy blends in the U.S., thanks to excessive consumption of processed spreads, salads, dressings for sandwiches, and meat, is the key factor behind the supremacy of North America over the global dairy blends market.

Going forwards, North America is likely to remain on the top over the next few years. Europe is also projected to establish itself as a key regional dairy blends market in the near future, states the research report.

Increasing Awareness about Health Benefits of Dairy Blends to Support Daily Blends Market Growth

“Thanks to their low calorie and low fat content, dairy blends have become extremely popular among the younger generation, who give health and fitness a priority in their life,” says an analyst at TMR.

Over the coming years, the increasing awareness about various health benefits of dairy blends is likely to escalate the growth rate of this market. The significant rise in the packaged food industry is also projected to reflect positively on the growth of this market in the near future, notes the research study.

High Demand for Conventional Dairy Products from Food Producers to Hamper Daily Blends Market

Hitherto, the global dairy blends market has been witnessing an upward growth trend. However, the high number of food producers still using traditional dairy products for their freshness and health benefits, may hamper the growth of this market in the near future.

Nonetheless, the global dairy blends market is anticipated to remain rising at a high rate as a number of food administrations across are providing these blends a seal of credibility. The constant expansion in the food and beverages industry is also projected to keep the demand for dairy blends high in the years to come, states the research report.

Citrus Fibre Market – Futuristic Analysis by Business Size, Current Trend, Demand Plan and Global Opportunities

The demand within the global citrus fibre market is growing on account of advancements in the food industry. The wide portfolio of products in the food and beverages industry has directly impacted the growth of the global citrus fibre market. The positive growth in sales can be attributed to the changing preferences of the masses. As the demand for multiple types of food products increases, the need for flavouring agents shall rise. Therefore, the global citrus fibre market is projected to grow at a voluminous pace in the years to come. The bakery industry has emerged as a vital consumer of citrus fibre, and this is an integral perspective in gauging market growth. The revenue index of the global citrus fibre market is set to improve in the years to come.

Transparency Market Research looks into the leading drivers of demand within the global citrus fibre market. TMR assesses the citrus fibre market to grow at a steady CAGR of 4.6% over the period between 2017 and 2022, to reach a value of US$ 382.3 Mn by 2022-end.

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Advancements in Pharmaceutical Research

The growth of the pharmaceutical industry largely depends on development of improved chemical technologies. The use of citrus fibre has given an impetus to technological developments that are taking shape in the pharmaceutical industry. Henceforth, the presence of a seamless industry for medical research and pharmaceutical testing has emerged as an integral driver of market demand. Hence, the standing of the vendors in the global citrus fibre market is slated to improve in the coming years.

Growth of Food and Confectionery Business

The unprecedented demand for ice-creams has increased in recent times, and this is a vital consideration from the perspective of market growth. It is evident that ice cream sellers have introduced new products, with a range of flavours and tastes. The use of citrus fibre in these products has given a thrust to the growth of the global citrus fibre market. Furthermore, the efforts of the market players in initiating distinct sales channels has also created a new era of growth within the market.

The development of core research and development facilities within the field of biomedicine has played an integral role in the growth of the global market. Moreover, the cosmetics industry is also gathering momentum in recent times. The quest for organic manufacturing within the cosmetics industry has played a vital role in creating new opportunities for market growth. Therefore, the total volume of revenues within the global citrus fibre market is set to reach the apex in the coming times. Research and development initiatives taken by scientists have also generated increased market demand.

Essential Oil Market Growth and Future Prospects Analyzed

The competitive landscape of the global essential oil market is highly fragmented landscape, says Transparency Market Research (TMR). This is mainly due to the presence of several key players across the globe. Key players in the market are focusing on novel techniques to improve properties and expand applications of essential oil.  Apart from this, players are ramping up their investment in research and development to produce advanced blends for aromatherapy and preservation.

DoTERRA International LLC, The Lebermuth Co. Inc., Young Living Essential Oil, and Enio Bonchev Production Ltd are some of the prominent players operating in the global essential oil market.

According to a research report by TMR, the global essential oil market was valued at US$17.36 bn in 2017. The market is projected to rise at an impressive 9.60% CAGR in the forecast period from 2018 to 2022.  Rising at this CAGR, the market is projected to touch a valuation of US$27.49bn by the end of the forecast period

On the basis of geography, Europe is expected to lead the global essential oil market with the presence of several key players in the region. The market in Europe is subjected to rise at  8.8% CAGR during the forecast period. On the basis of application, personal care and cosmetic is expected to hold maximum share in the essential oil market in the coming years. This is mainly because of the soaring demand for essential oil in manufacturing several cosmetic products.

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Rising Awareness of Essential Oil Benefits to Drive the Market

The global essential oil market is expected to rise at a significant pace. This is mainly due to the factors such as rising awareness among consumers, increase in disposable income and growing application of essential oil in several industries. Apart from this, blooming end use industries such as food and beverage, personal care and cosmetic industry, and aromatherapy is another factor expected to offer a substantial boost to the global essential oil market. Aromatherapy is gaining prominence, especially among urban population, due to changing lifestyles and rising media influence. This has translated into an upswing in the demand for the product.

Despite several drivers, the global essential oil market is projected to witness a few challenges.  High prices of essential oil is the prominent factor hampering the wide scale adoption of essential oil market. Furthermore, lack of awareness among consumers about key benefits of certain essential oils is another prominent factor hampering growth of the essential oils market. Nevertheless, spur in research and development of innovative extraction techniques is expected to bolster growth of the essential oil market in developing regions.

Strong Distribution Channels to Offer Lucrative Opportunities

Increasing adoption of essential oil by people has resulted in emergence and acceptance of a wide range of retail channels across the globe.  Apart from accessory shops, home centers, convenience stores, and discount stores, players are launching their online stores to improve their geographical reach. Further, essential oils are believed to possess properties like skin tightening and acne treatment. They contribute to improving quality of hair, nails, and skin, this appeal a large women and female teenage consumers. Swelling working women population base are projected to propel the essential oil market during the forecast period.

Tea Market Size, Analysis, and Forecast Report 2017-2025

A large number of companies operate in the global tea market rendering it highly competitive. The primarily compete on the basis of product quality, service, brand image, innovation, price, and distribution. While the market exhibits presence of several prominent players such as Tata Global Beverages, Kusmi Tea, Davids Tea, and Unilever Plc. and Unilever Plc., small and medium-scale suppliers are also present in plenty, finds Transparency Market Research (TMR) in a new study.

TMR pegs the global tea market to reach US$20.0 bn by the end of 2025, from US$12.8 bn in 2017. If these figures hold true, the global tea market will exhibit a CAGR of 5.7% between 2017 and 2025. Based on type, the demand for crush, tear, curl (CTC) tea is expected to remain considerably high through the course of the forecast period. Regionally, Asia Pacific emerged dominant in the global market. Between 2017 and 2025, the Asia Pacific tea market is likely to rise at a CAGR of 6.8%.

Rising Knowledge about Help Benefits Tea Offers will Fuel its Consumption

As per TMR, the global tea market is likely to remain steady in the forthcoming years. The rising demand for tea around the world will enable the market to sustain growth through the forecast period. TMR finds that traditional tea will remain popular among tea lovers worldwide. Besides its cost-efficiency, the steadily increasing consumption of traditional tea will enable it secure a significant share in the global tea market. Meanwhile, the rising popularity of premium tea such as oolong tea, yellow tea, and white tea will create considerably growth opportunities for the market. The demand for premium tea varieties is expected to rise in the coming years and consumers’ willingness to spend increase in response to their increasing disposable income.

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The growing awareness about health benefits offered by tea will also push its demand worldwide. The flavonoids, antioxidants, and phytochemicals present in tea help improving various functions in human body. The rising knowledge about benefits of drinking tea for patients suffering from combat arthritis, cardiovascular diseases, and high blood pressure will pave way for the market’s growth in the coming years.

Increasing Coffee Consumption Pose Threat to Market

In the coming years, the market is likely to gain significantly from the rising popularity of herbal and organic tea. Their infusion with a wide range of flavors and fragrances will also favor growth in the market. On the downside, change in consumer preference and fluctuating wages of labor may hinder the market’s growth. Also the increasing consumption of coffee will act as key restraint for the market.

Other factors such as resource constraints and climate change may adverse impact the market. Nonetheless, tea consumption is forecast to rise around the world. Furthermore, the increasing availability of various flavors and types of tea at a reasonable price will boost the market over the forecast period.

Latest Analysis on Coconut Spread Market Growth Framework

Coconut spread is a healthy food made from dried coconuts flesh. Coconut spread or jam is made from coconut milk base, sugar, and eggs. Coconut spread and jams are famous in countries in South Asia such as Philippines, Malaysia, Singapore, Indonesia etc. Coconut spread or jam is used in food industry for preparing pancakes, waffles etc. Coconut spread is consumed by health conscious consumers as it is a source of dietary fibers and also contains auric acid which is good for health. Pure coconut spread can be stored at room temperature, on heating, it becomes pourable and silky. As being healthy, vegan, and tasty option for other expensive spreads coconut global spread market is expected to grow at a significant rate over the forecast period.

Market Segmentation: Coconut spread
The coconut spread market is segmented on the basis of distribution channel as supermarket/ hypermarket, convenience stores, online store. Growing popularity of coconut spreads and coconut jams in consumers is increasing demand for coconut spreads and jams and coconut spread-based products. As a result of increasing demand, manufacturers are making their products available through various online stores.

The coconut spread market is further segmented on the basis of different flavors available in the market such as honey, chocolate, vanilla, mint, and others. As a result of sweet taste and flavor coconut spread application in the various food industry is increasing, in turn fueling market demand in global market. In order to increase the product portfolio and variety of coconut spreads manufacturers are focusing on launching flavored coconut spreads in the market.

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The coconut spread market is segmented on the basis of application in the food industry as preparation of mayonnaise, spreads, coffee creamer, coating, butter etc. Coconut spread can be used to prepare egg-free mayonnaise to be used in salad dressings, sandwich and as a dip for veggies. Coconut spread is used in the preparation of coconut butter which then can be used in the spread, coffee creamer for consumers. Coconut spread can be used as a coating for chocolate and ice-creams or used as toppings for desserts these versatile applications are fueling its demand in global market.

Global Coconut spread Market: Regional Outlook
Depending on geographies global coconut spread market is segmented into five key regions: North America, Latin America, Europe, Middle East and Africa and Asia Pacific. Coconut spreads are most popular in Asia Pacific market, mainly in Malaysia, Indonesia, Singapore, Philippines etc. In Malaysia, Singapore and Indonesia coconut spread are used as topping for many food products such as deserts. Thus, Asia Pacific grabs major market shares of global coconut spread market in terms of consumption as well as production. Production of coconut spread is growing fast due to easy availability of coconuts as well as increasing demand from the global market. Due to easy availability of coconuts, Sri Lanka is one of the major producers of coconut spreads and jams in amongst Asia-Pacific countries.

Global Coconut spread Market: Drivers and Trends
Coconut spread is used in food industry as a topping for desserts, coffee creamer etc. which is gaining demand globally driving the global market for coconut spreads. Manufacturers are focusing on launching flavored coconut spreads such as honey based coconut spread, vanilla coconut spread, chocolate coconut spread etc. to cater to rising demand of coconut spreads from consumers. Growing number of the health-conscious consumer looking for healthy and tasty food options is another factor fueling the growth of the coconut spread global market. Increasing sale of coconut spreads and jams on online stores as well as in convenience stores plays a key role in growing coconut spread and jam market globally.

Global Coconut spread: Key Players
Some of the key players identified across the value chain of the global coconut spread market include Nikki’s Coconut Butter, Nutiva, Inc., Cocomi Bio Organic, CocoVie Naturals, Windmill Organics, AYAM SARL., Marina foods (Pvt) Ltd., Mayvers, Ecoideas etc.