High Demand for Frozen Foods Can Drive Cold Storage Market

19 September 2018: According to a report by Grand View Research, Inc., the telecom cold storage market is likely to reach USD 212.54 billion by 2025. Cold storage comprises applications including dairy, fruits and vegetables, processed food, fish, meat and seafood, and pharmaceuticals. Based on type, they can be classified into private, semiprivate, and public.

On July 28, 2017, Dick Cold Storage has reviled the plane to construct new facility with Tippmann Innovation, a refrigerated warehouse builder. The new public refrigerated warehouse will cover about 115,000-square-foot area and will use latest frozen technology. The warehouse will feature 15000 pallet position including old-style pallet racking and high-density pallet storage. Tippmann Innovation is working for providing refrigeration technology that will maintain temperature as low as -20F.

On December 5, 2017, Americold Logistics LLC (U.S.), provider of temperature-controlled warehousing and logistic to food industry has opened a new warehouse facility in Clearfield. The new facility may include advanced machineries that eliminate the requirement for a large engine room and on-site storage of ammonia. It could also offer regulating temperature zones below -20F with refrigerated docks.

Crowley Logistics, Jacksonville, Fla., recently inaugurated CrowleyFresh cold storage facility in Jacksonville. The new storage features humidity and temperature-controlled chillers, and monitoring equipment in two separate chambers. Cooler chambers are insulated and firmly sealed to provide food safety and to avoid cross-contamination. Customers may also get benefit from the dry side of the warehouse that consist of 100,000 square feet of storage space. The facility will support customers who are using the company’s LNG-powered combination container/roll-on roll-off (ConRo) ships. CrowleyFresh is a partnership between Customized Brokers and Crowley Logistics.

Recently, IG International, Indian fruit trader has inaugurated its newly acquired cold store facility in Mumbai. It consists of 5,000 square meters of space and 4,000-pallet facility. It was formerly utilized by Kelvin. It can maintain temperatures ranging from -4°F to 68°F.

Factors such as increasing organized retail sectors and strict government regulations regarding the production and supply of temperature-sensitive products can propel the cold storage market during the forecast period (2014 to 2025).

Key players operating in the market include United States Cold Storage, Inc.; Americold Logistics, LLC; Cloverleaf Cold Storage; Nordic Logistics; and Oxford Logistics Group.

In-Depth Research Report On Cold Storage Market:

https://www.grandviewresearch.com/industry-analysis/cold-storage-market

Specialty Food Ingredients to Ensure Wellness

18 September 2018: Specialty food ingredients are substances used in foods to enhance the flavor, texture, and color of foods. The emergence of various chronic diseases has forced people to reconsider their current lifestyles and adopt a healthier diet. Sensory and functional are two types of specialty food ingredients. The former comprises enzymes, colorants, emulsifiers, flavors, and others, while vitamins, minerals, preservatives, antioxidants, and others are covered in the latter category.

The research into molecular nutrition and health consciousness among consumers are factors that have brought a change into manufacturing practices of food manufacturing companies. For instance, Sola Snacks has launched Ginger Sola Bars that contains natural ingredients such as flax seeds, herbs, and spices. The changing palates of consumers will bring about a variety of new flavors and aromas in processed and convenience foods.

Increase Nutritious Value of Foods

Specialty food ingredients are divided into two major segments, sensory and functional. The sensory segment value is expected to surpass USD 8 billion by 2025. This can be attributed to demand for sensory ingredients in convenience foods and confectioneries by consumers. The increasing interest in adaptogens by consumers such as Ashwagandha, an ingredient derived from plant extracts, has led to its inclusion in many beverages.

The functional segment is predicted to exhibit a 5.5% CAGR from 2017 to 2025 due to its preference in functional foods. Functional foods constitute the diet of the elderly and consumers with chronic diseases. They play a major role in meeting nutrition deficiency needs. The use of antioxidants and preservatives to extend shelf life of foods are also expected to contribute to the growth of this segment. For instant, truffles are finding increasing use as a functional ingredient on account of containing essential nutrients.

Market Overview

The global specialty food ingredients market is predicted to touch USD 116.50 billion by 2025, according to a report by Grand View Research, Inc. Demand for quality food products is expected to drive market growth throughout the forecast period (2014-2025). Health consciousness among consumers and preference for convenience foods are other factors that can influence market demand. Introduction of new flavors and development of food process technologies to ensure encapsulation of foods are expected to attract new consumers and influence demand. Key market players include Kerry Group; PPG Industries, Inc.; Frutarom Industries Ltd.; and KF Specialty Ingredients.

In-Depth Research Report On Specialty food ingredients market:

https://www.grandviewresearch.com/industry-analysis/specialty-food-ingredients-market