Sustainability of Foods to Drive Canned Seafood Market

22-October-2018: The global canned seafood market is anticipated to reach a valuation of USD 27.8 billion by 2025, according to a market report by Grand View Research, Inc. Canned seafood comprises fish and other seafood such as sardines, tuna, salmon, and shrimp. Such foods are rich in nutrients, vitamins, and minerals and can boost immunity levels. Canning ensures the long shelf life of these products and preserves the natural color and taste of the food. Demand for convenience foods for snacking purposes can entice consumers to try these foods.

The concerns of high mercury levels in these fish have led to regulatory agencies such as the U.S. Food and Drug Administration (FDA) to blacklist fish such as shark, tilefish, and marlin in 2017. In order to cater to high demand for seafood, Safe Catch, a U.S. company has devised testing methods to retain fish with lowest mercury levels. This move can prevent food poisoning from high consumption of canned items and protect pregnant women, kids, and health-conscious consumers. The company managed to raise USD 5 million in funding in February 2018 to launch a new line of seafood items to leverage on changing food preferences of consumers.

Sustainability seems to be the main mantra in the tinned food industry with big retail outlets such as Walmart demanding Marine Stewardship Council (MSC) certification on all canned food items from its suppliers. In January 2016, Canada’s purse seine herring industry gained MSC certification and achieved a sustainability ranking. This lets canned food producers to export their goods to North America and Europe. Restaurants in the U.S. are turning to canned fish to prepare delicious dishes to cater to evolving tastes of consumers. This trend emerged due to millennials willing to pay for branded canned foods.

The canned seafood market is expected to expand due to high demand for processed foods. Changing lifestyle and expendable income of consumers are factors predicted to drive market growth over the forecast period (2014-2025). The market is expected to exhibit a 3.2% CAGR, revenue-wise, from 2017 to 2025 driven by an upswing in online shopping on ecommerce portals. High demand for exotic seafoods and reduced tariffs is projected to positively impact the market. Concerns regarding mercury within fish can restrain market growth. Prominent market players include Thai Union Frozen Products; American Tuna, Inc.; Bumble Bee Foods, LLC; and Wild Planet Foods Inc. 

In-Depth Research Report On Canned Seafood Market:

https://www.grandviewresearch.com/industry-analysis/canned-seafood-market

Protein Ingredients Market is Projected to Reach USD 48.77 Billion by 2025: Grand View Research, Inc.

According to a research report by Grand View Research, Inc., the global protein ingredients market is anticipated to reach USD 48.77 billion by 2025. The major growth driving factor for the market is strong scientific evidence supporting various health benefits of protein ingredients. Increased awareness among people about functional foods and dietary supplements is also a critical factor for market development.

Fluctuating prices of these ingredients may have an adverse effect on market expansion. Moreover, cost of soybean fluctuates constantly due to an imbalance in the demand and supply of grains, causing a rise in the production costs of protein ingredients. This is also likely to hamper the growth of this market. However, shifting preference of consumers toward healthy diet will continue to contribute to the increased demand for protein ingredients, as it has over the past few years. This can be attributed to an increasing number of consumers opting for sustainable and healthier food options.

Economic development along with increased consumer disposable income in various developing regions is also estimated to have a positive impact on industry growth. The worldwide demand for these ingredients was 4,500 kilo tons in 2015 and is predicted to reach 8,000 kilo ton by 2025 expanding at a CAGR of 6.2% from 2016 to 2025.

The global protein ingredients market is categorized as per application, type, and geography. On the basis of application, the market is segregated into personal care and cosmetics, infant formulations, foods and beverages, and animal feed. On the basis of type, the market is segmented into plant proteins, which includes textured soy protein, wheat, soy protein isolates/concentrates, pea, canola, and others and animal proteins, which includes casein/caseinates, milk protein concentrates/isolates, egg protein, whey protein concentrates/hydrolysates/isolates, and gelatin.

Recently, Carbery Group introduced its latest innovation, Optipep 4bars, from its hydrolyzed whey protein range. The new ingredient delivers a soft texture throughout its life span while enhancing nutritional profile. In addition, this ingredient offers fast absorption, which helps improve digestion.

Based on geography, the market is divided into Asia Pacific (APAC), North America, Latin America, Europe, and Middle East and Africa (MEA). North America was the biggest regional market and accounted for 35% of the overall market demand in 2015. This expansion can be attributed to growing health consciousness, along with rise in different applications such as cosmetics and food and beverages. The US market is likely to witness rapid growth as a result of increased consumption of cold cereals, energy bars, and other healthy snacks. In addition, advent of cholesterol-free beverages and food items containing low amounts of saturated fats is projected to boost demand during the next few years.

Europe was the second largest regional market in 2015 and held 30% of the worldwide consumption due to growth of the cosmetics and personal care industries in countries such as Germany, France, and U.K. The APAC region is predicted to exhibit the fastest growth in terms of revenue over the next eight years, registering a CAGR of 7% from 2016 to 2025. Rapid development of the cosmetics and healthcare industries in various developing countries such as South Korea and China is a key driving factor.

In addition, comparatively lower cost of labor and plant and animal protein production in APAC compared to  developed regions are anticipated to contribute toward the region’s expansion. A lot of key manufacturers are trying to strengthen their presence in this region on account of easy availability of raw materials and low production costs. This is also expected to have a positive impact on the development of this region in the coming years.

Some of the prominent firms operating in the global protein ingredients market are Mead Johnson Nutrition; Bunge Ltd.; E. I. du Pont de Nemours and Company; The Archer Daniels Midland Company; and Cargill, Inc. This competitive market is characterized by joint ventures and mergers and acquisitions.

In-Depth Research Report On Protein Ingredients Market:

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

Galacto-oligosaccharide: Low-Calorie Sweetener in Various Foods and Beverages

11-october-2018: According to the findings of a research report by Grand View Research, Inc., the galacto-oligosaccharide (GOS) market is anticipated to reach USD 1.69 billion by 2025. Galacto-oligosaccharide is used as a low-calorie sweetener in various foods and beverages such as cookies, chewing gums, yogurts, candies, cereals, ice creams, clabbered milk, soft drinks, and powdered milk. Product innovations and developments regarding GOS addition in ready-to-drink (RTD) coffees, nectars, flavored milk, meal replacements, drinking yogurts, liquid cultured milk, and sugar confectionary are projected to augment the demand for GOS.

Deep product penetration in infant formulations is expected to augment market growth during the forecast period (from 2016 to 2025). Moreover, changing consumer lifestyles along with rising number of working women in many emerging regions is also expected to positively affect the global market over the next nine years. Most GOS manufacturing companies as well as various organizations are focusing on creating GOS in a cost-effective way and with particular application and concentration. For example, The North Carolina State University (NCSU) has introduced an innovative way of GOS production with the help of recombinant galactosyl transferase. Furthermore, extensive research and development activities by these manufacturers are said to provide new growth opportunities for the global market.

The global galacto-oligosaccharide market is categorized as per end use or application and region. On the basis of application, the market is segregated into dietary supplements, food and beverages, and others. Food and beverages was the dominant application segment in 2015 and accounted for 90% of the global market. On the basis of geography, the market is divided into North America, Europe, Asia Pacific (APAC), Middle East and Africa, and Latin America.

Europe, one of the top GOS consumers and producers, dominated the market in 2015, accounting for 50% of the overall market in terms of revenue. A strong presence of various companies manufacturing infant formulas such as Danone, Ordesa, and Humana is likely to spur product demand in the region over the coming years. In addition, a large pool of geriatric population is expected to contribute toward the growth of this region during the estimated period. Constant research and development activities in the field of dietary supplements are also likely to boost regional expansion in coming years. Furthermore, entry of various food and pharma companies in the field of product development for health and nutrition is said to have a positive impact on the regional market.

APAC occupied 20% of the overall revenue in 2015 and is expected to further showcase maximum expansion over the forecast years. This can be attributed to factors such as rapid urbanization, increased consumer disposable income and functional food demands, and growing target population base. High rates of malnutrition cases in infants are also likely to escalate GOS demand in the region, thereby fueling market growth. In addition, presence of key companies such as Terio Co and Wuxi Cima Science Co. Ltd.; Taiwan Fructose Co. Ltd.; Yakult Pharmaceutical Industry Co. Ltd.; QindaoFtz United International Inc.; and Nissin Sugar Manufacturing Co. Ltd. is predicted to help spur the regional development in the near future.

Increasing demand for low-fat yogurt, tea, coffee, and milk products is expected to propel the GOS demand in the North America region over the next few years. Moreover, presence of major infant formula manufacturing companies, such as Mead Johnson, is projected to augment the region’s growth from 2016 to 2025.

Key companies in the market are Nissin Foods; Royal FrieslandCampina; Ingredion Inc.; and Yakult Pharmaceutical Industry Co. Ltd. Mergers, collaborations, and product innovation are key strategies undertaken by leading players. For instance, Dairy Crest recently announced a research agreement with Danisco Animal Nutrition, DuPont. The company said DuPont will be supporting GOS product development and trials for animals. The company also mentioned that the trial results will highly influence further discussions on an arrangement for the sale and distribution of GOS in animal feed by DuPont.

In-Depth Research Report On Galacto-oligosaccharide (GOS) Market:

https://www.grandviewresearch.com/industry-analysis/galacto-oligosaccharides-gos-market

Dietary Supplements Market Hit USD 278.02 Billion by 2024 : Grand View Research, Inc.

11-October-2018: The worldwide dietary supplements market is projected to touch a valuation of USD 278.02 billion by 2024, according to a report by Grand View Research, Inc. Dietary supplements are substances used in improving overall wellness of individuals. They can be used to increase the quantity of nutrients or have a positive biological effect on the body. Some common examples of supplements are gingko, green tea, and fish oil.

Increase in protein intake by middle-aged consumers is predicted to influence market revenues over the forecast period (2013-2024). Rising consumer awareness regarding dietary supplements is expected to positively impact market growth. Growing emphasis on sports and fitness in the U.S. and China is predicted to drive the intake of these supplements. Popularity of e-commerce portals as a medium for shopping is expected to pave new avenues for market growth. Demand for medical nutrition products by the geriatric populace to sustain their health is also expected to provide novel growth opportunities.

According to the National Health and Nutrition Examination Survey, adults above the age of 60 are consuming supplements for bone, heart, and joint health. DSM is launching medical nutrition supplements specifically targeting this demographic. The company has also collaborated with Healthspan Limited, a U.K. supplier of vitamins and supplements, to launch a new strain of live bacteria probiotics. Probiotics are live bacteria or microorganisms that can maintain a person’s gut health. Gummy products are expected to attract manufacturers’ interest due to their popularity among consumers to counter the effects of pills. Stringent regulations regarding labeling procedures and presence of organic foods pose a challenge to market growth.

The global dietary supplements market is segregated by ingredient, product, application, end-use, and region. By ingredient, the market is divided into enzymes, minerals, vitamins, amino acids, botanicals, and others. The vitamins segment accounted for a 42% share in 2015. Products in the market include liquids, capsules, tablets, gel caps, soft gels, and powders. The dietary supplement capsules segment was worth USD 26.42 billion in 2015. Major market applications comprise sports nutrition, medicinal supplements, and additional supplements. Market end-users include adults, children, infants, pregnant women, and old-aged. The increasing use of multivitamin tablets by adults is expected to drive growth of this segment. The children segment is anticipated to exhibit a 10% CAGR from 2016 to 2024.

Regions covered in the market report include Latin America, North America, Asia Pacific (APAC), Middle East and Africa (MEA), and Europe. The APAC market accounted for a 47.7% market share in 2015 due to increasing expendable incomes of consumers and launch of new retail outlets of branded products. It is expected to exhibit a 11.2% CAGR from 2016 to 2024 due to high sales of nutritional supplements. The North America market is anticipated to display good growth due to awareness among middle-aged consumers in U.S. and Canada. It accounted for a 28.5% market share in 2015 and expects to gain a larger share by 2024.

The European market is projected for a decent windfall, particularly due to the purchase of supplements by female consumers. Strict regulations to safeguard consumers against fake ingredient manufacturers and bogus health claims are expected to increase their market share over the forecast period. The MEA market is predicted to register a good growth rate due to the popularity of vitamins. Multivitamins in syrup for children and preference of supplements in the form of fortified foods by adults in Cameroon are expected to attract good revenue for the global market. Other factors boosting the MEA market are health awareness initiatives by the Saudi Arabian government regarding benefits of dietary supplements and changing regulatory landscape in South Africa.

Prominent market players include Carlyle Group, Pfizer Pharmaceuticals, Abbott Laboratories, Amway Corporation, and DuPont. Partnerships with food and beverage companies, expansions, and product innovations are strategies employed by these players to sustain their market hold. For instance, Amway is expected to establish nearly 50 stores in India in order to expand its reach.

In-Depth Research Report On Dietary Supplements Market:

https://www.grandviewresearch.com/industry-analysis/dietary-supplements-market

Unhealthy Lifestyle can Drive the Probiotics (Healthy Bacteria) Market

11-October-2017: According to Grand View Research, Inc.; the worldwide probiotics market is expected to surpass USD 66 billion by 2024. Rising health concerns coupled with growing digestive complaints due to unhealthy lifestyle can drive the market during the forecast period (2014 to 2021). Additionally, increasing disposable income and growing standard of living especially in emerging countries are likely to propel the market in near future.

Probiotics are considered as healthy bacteria that are advantageous to both humans and animals. They are highly useful in treating various types of immunity and gut related diseases. These special bacteria are used for treating diseases related to intestines, digestion, gastrointestinal tract, and bowel function. They act as barriers against external pathogens in case of food poisoning. Animal probiotics play an important role in maintaining the animal health as animal husbandry business faces a constant threat of diseases. The use of these products in limiting animal illnesses is anticipated to make positive impact on the market. Furthermore, probiotics can also be useful in maintaining skin health. This application area is anticipated to further propel the demand in near future.

Herbalife, a nutrition company, recently introduced Simply Probiotic, an easy to use powder probiotic. It can deliver around one billion active probiotic cultures per serving. This powdered probiotic is portable and it can be stored at normal room temperature. It can be easily mixed with cold, hot, or frozen food and is considered useful for gut balance.

The worldwide probiotics market can be segmented on the basis of end use and application. Based on the end use, the market can be classified into human probiotics and animal probiotics. Human probiotics captured more than 90% total revenue share in 2015. As per application, the market can be segmented into probiotic food and beverages, dietary supplements, and animal feed. Probiotics food and beverages can be further divided into dairy, nondairy, baked foods, cereals, fermented milk products, and dry food probiotics. Probiotics dietary supplements can be categorized into food supplements, nutritional supplements, specialty nutrients, and infant formulas. In 2015, probiotics food and beverages segment captured more than 85% revenue share. Dairy supplements are predicted to grow at around 7.5% CAGR during the forecast period.

Geographically, the market can be segmented into North America, Europe, Asia Pacific, Central and South America, and Middle East and Africa. Asia Pacific has been dominating the market with around 40% total market share. It is expected to witness the highest growth at nearly 7.7% CAGR over the next eight years. This growth is attributed to rising awareness about probiotics usage, growing population, high disposable income, and existence of many international companies. China, Japan, and India are the major contributors in this region. Supportive, government policies favoring the dairy industry may also fuel market growth in this region.

North America is predicted to grow at 6.8% CAGR during the forecast period. High awareness and preference for functional foods are the major factors driving the growth in this region. Regions like Middle East & Africa and Central & South America are also predicted to exhibit considerable growth over the forecast period.

Some of the leading companies operating in the worldwide probiotics market include Yakult Honsha Co., Ltd.; Lallemand Inc.; Arla Foods, Inc.; Danisco A/S, and Danone.

Major part of the overall market is occupied by very few companies. Key manufacturers are using innovative ideas and techniques for customer engagement. They are continuously trying to deliver unique products to gain customer allegiance. Mergers and acquisitions are carried out for increasing regional presence as well as to gain maximum profit. Additionally, companies are investing lots of money and effort in research and development (R&D) activities for developing more effective probiotic strains. Third party R&D companies are employed to develop greater cultures for gaining competitive advantage. Development of patented preparation techniques is accepted by major companies to provide personalized products. Most key market players are also focusing on developing new skincare products.

In-Depth Research Report On Probiotics Market:

https://www.grandviewresearch.com/industry-analysis/probiotics-market

Animal Feed Additives Help in Boosting Immunity and Vitamin Intake in Animals

4-October-2018: As per a report by Grand View Research Inc., the global animal feed additives market is projected to rise to a valuation of USD 23.81 billion by 2025. Consumption of food items containing an appropriate quantity of accompaniments has significant health benefits. Animal feed additives help in boosting immunity and vitamin intake in animals, enhancing their rate of weight gain, and improving digestion and conversion. Owing to these benefits, inclusion of additives in the feed is poised to increase in future. Moreover, rising consumer awareness regarding the impact of livestock feed on animal-based products is likely to drive the market.

The market stood at 256.8 kilotons in 2015. Spiraling demand for meat and dairy products is anticipated to be one of the key growth stimulants of the market. Ban on antibiotics in Europe and U.S. is expected to fuel the demand for alternatives such as amino acids, feed acidifiers, and enzymes, which in turn will propel the market.

In recent times, increase in the number of disease outbreaks in livestock animals, including swine flu, bird flu, and foot and mouth disease, has raised concerns regarding the safety and quality of meat and meat products. With recent epidemic outbreaks, meat quality has become a major concern in Europe and North America. This has escalated the use of specialty additives, thereby providing a fillip to the overall market.

Increasing implementation of innovative practices in animal husbandry to improve quality of meat is estimated to stoke the growth of the market. Surging demand for grain for food production and limited availability of land and water resources for animal fodder production are prompting players in the meat industry to optimize feed uptake. This, in turn, is expected to boost their dependence on innovative practices.

On the flip side, spiraling demand for grains such as wheat, barley, and maize from biofuel and other commercial applications is anticipated to hamper growth prospects. Moreover, volatile prices of raw materials required for producing animal feed additives can inhibit the upward climb of the market. The growth of the market is also hindered by stringent regulatory framework.

Nevertheless, introduction of novel technologies for the production of feed additives and changing regulatory trends are likely to shape the future of the market. For instance, development of VSTAR technology by MiXscience, which ensures effective use of additives to enhance farms’ technical and economic performance. The technology works by associating an active component with a vector to control its distribution to a target audience.

The global animal feed additives market has been segmented on the basis of product, livestock, and geography. Based on product, the market has been divided into vitamins, antibiotics, amino acids, antioxidants, feed acidifiers, feed enzymes, and others. Amino acids dominated the market in 2015, representing 30% of the overall revenue. In terms of livestock, the market has been classified into poultry, pork/swine, aquaculture, cattle, and others. Poultry will continue to be the leading segment until 2025, generating a revenue of USD 5.7 billion by the end of 2025.

Geographically, the market has been fragmented into Europe, Asia Pacific, North America, Middle East and Africa, and Central and South America. Asia Pacific was at the forefront of the market in 2015, holding one third of the overall revenue. Growing population and improving economic conditions are contributing to the growth of the region. Changing lifestyles and rising disposable income of the populace are creating an upsurge in the demand for meat and dairy products. China is the leading producer and consumer of meat in the world, which can provide a significant push to the market in the region.

Mergers and acquisitions are among the key growth strategies adopted by a majority of players to stay ahead in the market. For instance, in October 2017, Cargill signed an agreement to acquire Diamond V to continue strengthening its position in the animal nutrition business. Besides this, key players will pay high attention to product customization to enhance their visibility in the market. Some of the prominent companies operating in the market are DSM, BASF, Cargill, Evonik, and Danisco (DuPont).

In-Depth Research Report On Animal Feed Additives Market:

https://www.grandviewresearch.com/industry-analysis/animal-feed-additives-market