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Wednesday, 8 July 2020

Impact of COVID-19 on Quick Service Restaurant (QSR) Ecosystem Market: Implications on Business

Transparency Market Research (TMR) has announced the publication of a new market research report on the U.S. quick service restaurant (QSR) ecosystem market. The report states that the U.S. quick service restaurant (QSR) ecosystem market was valued at US,506.9 million in 2012. However, this market is expected to grow at a tremendous rate from 2013 to 2019. The report, titled “Quick Service Restaurant (QSR) Ecosystem Market - U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, offers an in-depth understanding of the U.S. quick service restaurant (QSR) ecosystem market, its growth drivers, market restraints, and possible opportunities in the coming future. In recent years, QSR systems have been adopted in restaurants as they allow seamless listing of orders in restaurants, making payments, and quickly delivering food to customers. The minor enhancements in QSRs are also helping restaurants bring in a huge amount of accuracy, efficiency, clarity, and speed in their everyday operations.

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The U.S. quick service restaurant (QSR) ecosystem market is segmented on the basis of hardware, software, and services. The hardware segment is further divided into signage systems, kiosks, drive through terminals, point of sales (POS), handheld devices, and digital menu cards. Analysts predict that as the trend of self-service grows in the service industry, the kiosk sub-segment will grow the fastest, at a CAGR of 12.3% from 2013 to 2019. The software segment is sub-segmented into billing solutions and management solutions and analytics software solutions (big data analytics). Out of these, billing and management solutions was the largest market segment in 2012. This sub-segment will continue to lead the market, as there is a significant demand for tailored software needs from various restaurants.

Explore Transparency Market Research’s award-winning coverage of the global Food and Beverage Industry: https://www.globenewswire.com/news-release/2019/08/07/1898580/0/en/Worldwide-sales-of-Dehydrated-Vegetables-are-envisioned-to-surpass-US-90-Bn-in-2028-Says-TMR.html

The key players in the U.S. quick service restaurant (QSR) ecosystem market are looking at methods that will help them integrate in-store systems with customers’ mobile devices to create a unique personalized experience. Innovations in QSR ecosystem hardware have complemented software innovations by assisting in controlling and connecting different kinds of hardware peripherals. The recent software innovations in the quick service restaurant (QSR) ecosystem market are being encouraged by popular usage of cloud solutions and the integration of hardware devices, which allow access from other platforms to bring about real-time transactions. To put it simply, increasing dependence on digital platforms to establish efficiency in management is expected to lead the quick service restaurant ecosystem market.Some of the major players in the U.S QSR ecosystem market are LG Display Co. Ltd., Cisco System Inc., Keywest Technology Inc., Nanonation, Inc. NEC Display Solutions Ltd., Hewlett-Packard Company, Samsung Electronics Co. Ltd., Omnivex Corporation, Panasonic Corporation, and REDYREF Inc.

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Understanding Impact of COVID-19 on Condiment Sauces Market

According to the latest report by Transparency Market Research on global condiment sauces market suggests that the market is highly fragmented and has a tough competitive market landscape in present days. There are few players who dominate the market and control its dynamics. Moreover, the influx of various new entrants is intensifying the competition. In order to maintain their dominance, the players are looking forward to invest heavily in research and development to provide innovative products to the customers. This allows the players to retain their existing customers and attract new ones.

Likewise, new entrants are adopting the strategies of mergers, collaborations, and partnerships. This allows the players to have a sustainable future in the global condiment sauces market. Moreover with these strategies the play an important role in providing a competitive edge to players against their rivals in the global condiment sauces market.


Some of the prominent players of global condiment sauces market are Kroger Co., General Mills Inc., Frito-Lay Co., ConAgra Foods Inc., Walmart store Inc., Kraft Foods Group Inc., H.J Heinz, Unilever group, and Nestle SA.
According to the report the global condiment sauces market is expected to grow substantially in the market. The market is expected to exhibit consistent growth of 3.21% between 2014 and 2020. The report also predicts that global condiment sauces market is projected to generate revenue of approximately US$ 23.39 bn by the end of 2020.
The global condiment sauces market is categorized on the basis of types and region. Out these categories, tomato ketchup segment is expected exhibit maximum growth during the forecast period. The growth of the segment is attributed to the rising consumption of tomato ketchup across the globe. Moreover, various varieties of tomato ketchup also fuel the growth of segment in global condiment sauces market.


Out of various regions of global condiment sauces market, Asia Pacific is projected to show maximum potential for the players of the market. The growth of the region is attributed to factors such as improving lifestyle, eat-on-the-go, and presence of various players in the region. Owing to these factors, Asia Pacific is likely to dominate other regions of global condiment sauces market in the forecast period.
Rapid Urbanization to Fuel the Growth of the Market
Urbanization plays crucial role in the growth of global condiment sauces market. Due to urbanization and changing lifestyle people who were accustomed to traditional foods are now developing taste and appetite for various new cuisines. This is propelling the growth of global condiment sauces market. Moreover, sauces has become a major ingredient of various regional cooking, owing to these factors the global condiment sauces market is experiencing major growth in the forecast period of 2014 to 2020.
Growing disposable income and improving lifestyles of people of various regions is yet another factor that is fueling the growth of global condiment sauces market. Moreover, growing demand of foreign foods in various regions across the globe is another factor that is influencing the growth of global condiment sauces market in the projected duration.
Growing Demand for Sauces to Provide Ample Opportunities for the Players
Since condiment sauces have become an ubiquitous part of the food delicacies across the world. This has opened the doors of opportunities for various players of global condiment sauces market in the forecast period of 2014 to 2020. Moreover, various growing opportunities also provide un-interrupted growth for the players of global condiment sauces market in projected tenure. Major market share is expected to come from the countries such as U.S and Japan in the forecast period of 2014 to 2020.

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Impact of Outbreak of COVID-19 on Antioxidants Market

Antioxidants Market: Introduction

In terms of value, the global antioxidants market is anticipated to expand at a CAGR of 5% from 2019 to 2027. Antioxidants prevent damage to free radical-induced tissues by preventing formation of radicals, promoting their decomposition, or by scavenging them. Damage to cells affected by free radicals plays a central role in the aging process and disease progression. Antioxidants are used as a defense against the free radical damage. The demand for antioxidants in the food & feed industry is increasing rapidly across the globe. This has resulted in extensive usage of numerous types of antioxidants in food & feed production.

Rise in Adoption of Antioxidants for Meat Products
Rise in consumption of meat in various developed and developing countries is a key factor anticipated to propel the demand for natural antioxidants in the global meat industry during the forecast period. Increase in demand for ready-to-eat meat products, owing to their high protein content, is one of the prominent factors driving the global antioxidants market. Furthermore, increase in per capita income in developing countries and rise in demand for frozen meat products, especially among the working population, are estimated to augment the global meat market during the forecast period. This, in turn, is projected to augment the antioxidants market.


Preference for Natural Antioxidants
Based on product, the global antioxidants market has been bifurcated into natural and synthetic. The natural segment is expected to expand at a CAGR of 5.4% during the forecast period. Natural antioxidants are primarily preferred for disease prevention. These antioxidants are categorized into four types: vitamin A, vitamin C, vitamin E, and rosemary extract. Natural antioxidants contain active compounds, which use antioxidative potential in meat products. The antioxidant action takes place, owing to the presence of synthetic acids, synthetic diterpenes, and flavonoids & volatile oils. Natural antioxidants are primarily distributed in medicinal and food plants. Natural antioxidants, particularly carotenoids and polyphenols, exhibit various biological effects, including anti-aging, anti-inflammatory, anticancer, and anti-atherosclerosis. The proper assessment and effective extraction of antioxidants from medicinal and food plants plays an important role in exploring potential antioxidant foundations and promoting applications in pharmaceuticals, functional foods, and food additives.


Rubber & Latex Additives to be Major Application Area of Antioxidants
Based on application, the global antioxidants market has been segregated into food & feed additives, pharmaceutical & personal care products, plastic additives, rubber & latex additives, fuel & lubricant additives, and others (including inks, paints & coatings, adhesives & sealants, metallurgy). The rubber & latex additives segment accounted for more than 30% share of the global antioxidants market in 2018. Antioxidants are chemicals that help protect rubber articles against attack from oxygen. This is a key factor expected to increase the adoption of antioxidants in the rubber & latex industry.
Asia Pacific to be Lucrative Region of Antioxidants Market
In terms of consumption, Asia Pacific dominated the global antioxidants market in 2018. The market in the region is expected to expand at a rapid pace from 2019 to 2027. Rapid urbanization, rise in consumption of pharmaceutical products, expansion in construction and infrastructure industries, strong economic growth, and growth in meat consumption are major macroeconomic factors that are projected to fuel the demand for antioxidants in the near future. Increase in consumption of antioxidants in applications in plastic and rubber industries is also estimated to drive the market in Asia Pacific. The rubber & latex additives segment in Asia Pacific, particularly in India and China, is likely to witness moderate growth in consumption of antioxidants in the next few years. In terms of consumption, North America is expected to be a vital region of the global antioxidants market during the forecast period
Competition Landscape
The global antioxidants market was highly fragmented in 2018, with numerous manufacturers operating in the market. SONGWON Industrial Group, BASF SE, Solvay S.A., Clariant AG, ADEKA Corporation, and Evonik Industries AG are the leading companies that accounted for more than 70% share of the market in 2018. Manufacturers operating in the global antioxidants market include SONGWON Industrial Group, BASF SE, Solvay S.A., Clariant AG, ADEKA Corporation, Evonik Industries AG, 3V Sigma USA Inc., Rianlon Corporation, Everspring Chemical Co., Ltd., SI Group, Inc., Oxiris Chemicals S.A., Dover Chemical Corporation, Double Bond Chemical Ind. Co., Ltd., TAIWAN DYESTUFFS & PIGMENTS CORP., Beijing Tiangang Auxiliary Co., Ltd., Dalian Richfortune Chemicals Co., Ltd., and Chitec Technology Co., Ltd.

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Impact Assessment of COVID-19 Outbreak on Asia Pacific Pet Food Market

According to a new market report published by Transparency Market Research “Pet Food Market - Asia Pacific Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020,” the asia Pacific pet food market was valued at USD 9,100.0 million in 2013 which is expected to reach USD 10,720.0 million by 2020, growing at a CAGR of 2.3% from 2014 to 2020. In terms of volume the pet food market in Asia Pacific was valued at 688.6 kg million in 2013 and is expected to reach 803.3 kg million by 2020, growing at a CAGR of 2.1% from 2014 to 2020.  

The pet food market in terms of pet type has been segmented into dog food, cat food and others. The dog food segment held the largest market share in the pet food market in Asia Pacific. Increasing disposable income and rising trend for nuclear family are some of the major factors fueling the demand for dog food in Asia Pacific. However, the others segment including fish food, reptile food, bird food and other small animals is one of the fastest growing segments in Asia Pacific. 
In addition, the pet food market can be further segmented in terms of food type into: dry food, wet food/canned food, nutritious food, snacks/treats and others. The dry food segment held the largest market share in Asia Pacific. Ease of handling and lower prices of dry food as compared to other food types is one of the major factors fueling the demand for dry food in Asia Pacific. However, the nutritious food segment is the fastest growing segment in Asia Pacific. Increasing awareness about pet health is one of the major factors fueling the demand for nutritious food. 


The Asia Pacific pet food market is further segmented by country into China, India, Japan, Australia, South Korea and rest of Asia Pacific. Japan is one of the major markets for pet food in Asia Pacific. Increasing trend for nuclear family and demand for small pets is one of the major factors fueling the demand for pet food in Japan. However, with smaller dwelling places the pet food market in Japan is expected to experience stable growth throughout the forecast period. 
However, India is the fastest growing market for pet food in Asia Pacific. Increasing demand for companionship and awareness about pet health are some of the major factors fueling the demand for pet food in India. In addition, China is having huge potential for pet food owing to increasing number of pets. China has largest population of dogs as pets globally. Owing to these factors, there is huge untapped potential in pet food market in China. The average selling price (ASP) of snacks/treats segment was the highest in Asia Pacific followed by nutritious food segment. 


The pet food market is dominated mostly by major manufacturers such as Nestle S.A., Mars Inc., Procter & Gamble Co. and Colgate-Palmolive Co. among others. However, the local players are still trying to enter these markets due to brand loyalty of the consumers.


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Analysis of Potential Impact of COVID-19 on Yeast Extract and Beta Glucan Market

The global yeast extract and beta glucan market is expected to witness expand considerably due to the increased usage of cellulosic bio-fuels and need for probiotic functional food. In addition to that, rapid industrialization and demand for processed food products have grown exponentially. As a result of such growth promoting factors, global yeast extract and beta glucan market is likely to experience soaring demand from various end-users.

Biotec Pharmacon ASA, Angel Yeast Co. Ltd, Royal DSM N.V, Specialty Biotech Co., Ltd.,ABF Ingredients, and Lallemand Inc. are some of the leading companies that are functional in the global yeast extract and beta glucan market.
Transparency Market Research in its new research report bearing the title ‘Yeast Extract and Beta Glucan Market’ clearly explains the market drivers, opportunities, restrains, size and growth. According to this report, global yeast extract and beta glucan market will rise at robust 7.6% CAGR during the forecast period.


Extensive Usage in Food Processing Industry Accelerates Growth
Broad scope of applications across numerous industries is ascribed to for the robust growth of the global yeast extract and beta glucan market. For example, depending on the method of extraction, yeast extract can be used in autolyzed or hydrolyzed form with each of the forms having different applications. In the personal care industry, hydrolyzed yeast extract is used for the making of anti-static ad hair conditioning products. It is finds its usage as flavoring agents in many food preparations. On the other hand, autolyzed yeast extract is used as an cheaper substitute of monosodium glutamate (MSG).
The global yeast extract and beta glucan market is prophesized to make promising strides driven by their increasing application in the food production sector across the globe. The large-scale application of yeast extract as natural ingredients in the industry of processed food is a remarkable element that is steering the global yeast extract and beta glucan market towards robust growth.


Rapid industrialization and fast-paced urbanization have resulted in hectic lifestyle that demands consumption of processed food. The potential usage of beta glucan as functional ingredients in the food industry is acting as a catalyst for the rapid growth of the global yeast extract and beta glucan market.
A sizeable chunk of the revenue in the global yeast extract and beta glucan market arises from the extensive requirement for yeasts in the production of functional food and dairy products, particularly across Europe. The growing usage of yeast extract and beta glucan in the many other sectors such as beverages, animal feed, cosmetics, and pharmaceuticals is continuously improving the market.
The global yeast extract and beta glucan market is expected to reap benefits from the growing need for yeast extracts and beta glucan in the making of cellulosic biofuels. Besides, their usage in the probiotic functional food segment is also an attractive opportunity for market players.
Yeast extracts might not be used as flavor enhancers but they find substantial application as ingredients in the food and beverage industry. Ready-to-eat meals, functional foods and drinks, baked and frozen products, sauces, soups, and snacks all make use of yeast extracts at a significant rate.
On the other hand, one of the major factors that is restraining the growth of the global yeast extract and beta glucan market is the scarcity of a compulsory yeast extract raw material, i.e. molasses. Nonetheless, companies are keeping their hopes alive with the available opportunities in the sector of processed food for novel solutions and extensive usage of yeast extracts and its derivatives.

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Monday, 15 June 2020

Citrus Based Texturizing Market to Witness an Outstanding Growth by 2028

Texturizing agent is any food additive that is added to the food for the purpose of maintaining a desirable texture, consistency, mouthfeel. Texturizing agents have been in use for a long time, and citrus based texturizing agents are one of the most widely accepted texturizing agents globally. The most widely used citrus based texturizing agent is pectin. This citrus based texturizing agent is derived from citrus peels after the pulp is used for fruit juice extraction or other purposes, the citrus based texturizing agent exists in the form of polysaccharide, a soluble type which with water forms a gel-like structure. Citrus based texturizing agents have been in use for a lot of time, for their superior results and consumer-friendly nature.
Increased demand for processed foods leading to a surge in demand for citrus based texturizing agent
Owing to a higher income per capita and high rates of urbanization globally, the demand for processed foods have been increasing. Processed foods like jams and jellies are popular among children, of which citrus based texturizing agent is a huge part, where it is used for its excellent thickening properties. The application range of citrus based texturizing agent is wide in case of processed foods. Apart from being a key component of jams and jellies, the citrus based texturizing agent is also used for processed bakery products, to prevent moisture loss from the product, and in acidified dairy products for stability. Since citrus based texturizing agents are available in multiple forms and for multiple applications, this versatile nature is one of the key reason the increasing demand for citrus based texturizing agent.
An economic price point and consumer-friendly nature is an appealing factor for citrus based texturizing agent.
Citrus based texturizing agents are relatively moderate in cost and provide an excellent end result. This makes it an excellent choice for many confectionery manufacturers and helps keep the prices of the end product under the desired threshold. Since citrus based texturizing agent is derived from waste products from fruit products industry, it helps to keep a low environmental impact as well. The nature derived property of citrus based texturizing agent means it is perceived as safe in by the consumers. This property of citrus based texturizing agents is very appealing to the consumer amidst the increasing demand for natural/ nature derived additives.
Global Citrus Based Texturizing Agent, Market Players:
Some of the key market players in global citrus based texturizing agent market are-
Pacific Pectin, Inc., Cargill, Incorporated., CP Kelco, Great American Spice Company, Pacific Pectin, WillPowder, LLC, Now Foods, Kraft Heinz, Danisco Ingredients USA Inc., Naturex AG, Herbstreith & Fox KG Pektin-Fabriken, CEAMSA etc.
Opportunities For Market Participants In Global Citrus Based Texturizing Agents Market:
Opportunities for market participants in the global citrus based texturizing agents are based mainly in the food and beverages segment, where the demand for citrus based texturizing agent is increasing at a steady pace. The demand for citrus based texturizing agent is not dependent upon the economic status of a manufacturing establishment, and hence the demand is on the rise from developed as well as developing regions. With an increase in demand for clean label products, the demand for label-friendly ingredients and additives is increasing steadily, this includes citrus based texturizing agents as well. Globally, home-based businesses and small-scale manufacturers are increasing in number, the increase in demand for citrus based texturizing agent stems from it as well.
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Grapefruit Oil Market Size, Share, Trends, Growth, Export Value, Volume

Grapefruit Oil: Market Outlook
Grapefruit is from a subtropical citrus tree which is mainly known for its sour, bitter and a semi-sweet taste. Grapefruit was initially originated from Asia in the 17th century. It is a hybrid between 2 species, pomelo and sweet orange. Grapefruit was initially named as the “forbidden fruit” as it was frequently misidentified with pomelo. It was named as grapefruit as it appears similar to the shape of grapes when on tree. Currently, grapefruit is considered to be one of the seven wonders in Barbados.
There are many grapefruit varieties available such as pink grapefruit, white grapefruit and red grapefruit which refers to the pulp of the grapefruit. The flavor of the grapefruit ranges from highly acidic and sour to tart and sweet. Grapefruit mercaptan, a type of terpene, is the main substance which gives a strong odor and taste to the grapefruit.
Grapefruit derived products are grapefruit juice, grapefruit oil and other related products. Grapefruit oil is extracted from the rind of the grapefruits. Grapefruit oil has been used for many years in order to treat obesity, beat inflammation, get rid of hangover symptoms and to subtle sugar cravings.
Grapefruit Oil and its Various Medicinal Properties:
Grapefruit oil is considered as a fat burning food as it comprises of various volatile compounds. Grapefruit oil is considered to be a versatile oil for its natural aroma and bitter taste. Grapefruit oil possesses antioxidant properties and also has phytochemicals in it, which helps in reducing the oxidative stress and inflammation. Grapefruit oil contains myrcene, vitamin C, pinene, terpene and citronellol. Grapefruit oil is commonly used to treat respiratory infections and throat infections, muscle ache, fatigue and arthritis.
Most of the benefits of grapefruit oil is due to a major constituent named limonene which makes up to 80-90% of the oil. Limonene helps fighting cancer, tumor and protects DNA from damage. Grapefruit oil is used as a natural detoxification agent which helps the liver to cleanse body toxins. Grapefruit oil also helps in the activation of the lymphatic system and control the fluid retention. Grapefruit oil is used as an antibacterial agent which can help remove the harmful food-borne bacteria. Grapefruit oil also helps reduce stress by bringing relaxation and peace.
Considering the various benefits of grapefruit oil, the market is expected to have a positive outlook over the forecast period.
Global Grapefruit Oil Market: Market Participants
Some of the market participants operating in the global grapefruit oil market identified across the value chain include Aromaaz International Natural Essential Oils, NOW Health Group, Inc., Mystic Moments UK, Ancient Healing Oils, PRZ, Dève Herbes, Rocky Mountain Oils LLC, AVI Naturals, Botanic Spa Flora Oil, Clamor, Aubrey Organics, Kazima Perfumers, BrownBoi, Moksha Lifestyle Products, Riya Agro Products, India Essential Oils, Florihana Distillerie, VedaOils, Ambre Blends, Naissance Trading and Alabama Essential Oil Company.
Opportunities for Participants in the Grapefruit Oil Market
The grapefruit oil market is pegged to have high potential for growth, owing to the various health benefits of grapefruit oils. Populations in regions such as Northern America and Latin America use grapefruit oils on a daily basis. If the same practice is adopted by other regions, the grapefruit oil market is likely to witness phenomenal growth over the forecast period.
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