Food Thickeners Improve Viscosity and Texture of the Product

14-December-2018: According to a report published by Grand View Research, Inc.; the food thickeners market is expected to reach a valuation of around USD 18.98 billion by 2025.

Increasing demand for processed and convenience food among the consumers due to rise in disposable income and changing lifestyle can propel the market during the forecast period (2014 to 2025).

Rising demand for these products in the production of flavored beverages and carbonated drinks are expected to increase the product demand in the coming years. These thickeners are being extensively used in several beverages such as juices, fruit pulps, and energy drinks in order to improve viscosity and texture of the product without affecting its national value. These benefits are expected to drive the market growth.

Worldwide food thickeners market can be segmented on the basis of product, application, and region.  As per product, the market can be classified into starch, hydrocolloids, and proteins.

In 2016, The starch segment estimated for over 42% of total market share due to its high-self-life, low cost, and easy availability. The segment is expected to grow swiftly with an estimated CAGR of 6.7% on account of high demand from end-use applications due to its superior properties like high stability, viscosity, and low cost.

The protein segment is anticipated to show high growth in the coming years. Various products in this segment such as collagen, gelatin, and egg whites provide better stability, emulsification, and gelling to desired food product. Proteins are water soluble and not require reactive agents for conversion, which is the key driving factor for the segment.

Based on application, the market can be categorized into bakery, dairy, beverages, confectionery, and others. The beverages segment is expected to grow at an estimated CAGR of 7.5% over the forecast period due to increasing demand for energy drinks, juices, soft drinks, and flavored beverages. In 2016, the bakery segment accounted for 27% of total market share.  Increasing demand for gluten-free products and ingredients due to rise in awareness regarding its negative health effects is expected to drive the segment during the forecast period.

Geographically, the market can be divided into North America, Europe, Asia Pacific, Central & South America, and The Middle East & Africa.

Asia Pacific is expected to show significant growth during the forecast period. China is likely to expand at CAGR of 7.7% during the forecast period due to growing population along with increasing demand for sauces, dairy products, and baby food products in the country. India is expected to grow at a CAGR of 7.1% during the projected period. This growth can be associated with factors such as growing food and beverages industry, improving economic condition, and changing eating preferences of consumers.  Increasing demand for bakery and confectionery products in this region is also expected to support the market growth.

Central & South Africa is expected to grow on account of rapidly growing food and beverages sector in countries including Peru, Venezuela, Argentina, Brazil. Factors such as rapid urbanization, changing eating preference, and growing disposable income in this region is expected to drive the end-use application sector, thereby boost the product demand.

Europe is projected to grow at CAGR of 6.0% during the forecast period on account of prosperous food and beverages sector and chaining cooking patterns in the region.

In 2016, The U.S. estimated for major market shar of total North American market size due to presence of major market participants and increasing demand for comfort food in the country.

Prominent players operating in the market include Cargill Inc.; Kerry Group PLC.; Tate & Lyle PLC; Archer Daniels Midland Company; and Fuerst Day Lawson.

Volatile price of raw material is the major challenge for the companies. Major participants are making high investments for product innovation and expanding their production capabilities to sustain in the market. The new participants in the market are required to introduce innovative product with better price to survive in the competition.

In-Depth Research Report On Food Thickeners Market:

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

Dairy Alternatives Market Hit USD 35.06 Billion by 2024: Grand View Research, Inc.

12-December-2018: According to a report published by Grand View Research, Inc.; the dairy alternative market is likely to reach a valuation of around USD 35.06 billion by 2024.

Increasing number of lactose intolerance cases and rising healthcare concerns among the consumers can drive the market during the forecast period (2013 to 2024).

Several nutritional benefits offered by these products including high protein content and low cholesterol content and use of these products in the manufacturing of daily food products is expected to boost the demand for these products in the coming years. Chaining dietary preferences of consumers due to increasing number of allegories accompanying with the consumption of non-vegan foods is expected to support the market growth over the forecast period.

Worldwide dairy alternatives market can be segmented on the basis of product, formulation, application, and region.

As per product, the market can be categorized into rice milk, soy milk, almond milk, and others.

In 2016, the soy milk segment estimated for 40.5% share of the overall market. This segment is anticipated to grow at a CAGR of 15.7% during the forecast period due to increasing demand from Asian countries. Soya milk contains isoflavones and prevents breast cancer and heart diseases. This has increased the consumption of the product among female consumers. The U.S is the major producer of the soymilk

Almond milk is anticipated to grow rapidly with CAGR of 17.8% during the forecast period. This growth can be associated with its high content of energy, protein, fiber, and lipids. In addition, with compare to other products, it has a better taste and texture.

Based on formulation, the market can be bifurcated into plain and flavored. In 2016, the plain formulation segment reported for over 52.7% due to high demand from elderly population as these formulations are cholesterol free. The segment is projected to grow at CAGR of 15.4% during the forecast period. Increasing demand from food and beverages for plain unsweetened desserts and snacks is likely to boost the segment growth over the forecast period. The flavored formulation segment is predicted to be the fastest growing segment. It is expected to expand at a CAGR of over 17.9%. Introduction of new flavors and increasing demand in the making of lactose-free yoghurts and desserts can boost the segment during the forecast period.

On the basis of application, the market can be split into food and beverages.

The beverage segment is expected to grow at CAGR of 16.3%. Increasing demand in several nut based flavored milk products including almond, cashew, walnut is likely to drive segment growth.

The food segment is expected to grow steadily due to increasing demand for non-dairy chees and yoghurts. Changing dietary habits among the consumers in Brazil, India, and China are mainly driving demand for lactose-free cheese.

Geographically, the market can be divided into North America, Europe, Asia Pacific, Latin America, and The Middle East & Africa.

In 2016, Asia Pacific dominated the market and estimated for over 49.7% of the total market share. Factors such as changing consumer dietary habits, increasing disposable income, increasing awareness among the consumers is anticipated to create positive impact on the market. The market is also expected to dominate over the forecast period due to presence of high lactose intolerant population base in the South East Asian countries.

Europe is expected to expand with CAGR of 13.7% during the projected period. This growth can be attributed to high consumer demand for cholesterol free and plant-derived food products and lactose-free yogurt and ice-creams in this region.

The U.S. Food and Drug Administration, Food Canning Establishment Registration, and Scheduled Process Regulations implemented regulations, which are mandatory for the manufacturers as these products are directly consumed by the consumers. This is likely to act as a major threat for the manufacturers.

Key companies operating in the market include Eden Foods, Inc.; SunOpta Inc.; Living Harvest Foods Inc.; The Hain Celestial Group, Inc.; and Archer Daniels Midland Company. The market participants are mainly focusing on research and development (R&D) activities and innovative product development.

In-Depth Research Report On Dairy Alternatives Market:

https://www.grandviewresearch.com/industry-analysis/dairy-alternatives-market

Rising Health Awareness is Anticipated to Propel Demand for Breakfast Cereals

03-December-2018: According to a report by Grand View Research, Inc., global breakfast cereal market is anticipated to value USD 54.31 billion by 2025. Growing requirement for on-the-go breakfast coupled with rising health awareness among consumers is anticipated to propel demand for breakfast cereals.

Breakfast cereals are likely to offer gains as essential ingredients. The commonly used grains can include barley, wheat, oats, rice, and corn. Oatmeal is expected not to contain any other ingredient while other variants can include yeast, salts, coloring agents, sweeteners, and food preservatives.

Rising influence of westernization on food habits of middle-class population can contribute significantly towards demand for breakfast cereals. Continual advancements in food retail infrastructure coupled with growing awareness regarding benefits of consuming grain-based breakfast can fuel growth of market. Gradually changing purchasing behavior and eating habits of consumers is expected to influence growth of market in emerging economies. Growing middle-class population and rapid urbanization in these economies can result in changing lifestyle and demand for on-the-go meals among consumers. Moreover, rising number of consumers focusing on reducing calorie intake by cutting down their portion sizes and replacing conventional breakfast options with breakfast cereals can stimulate market growth during the forecast period (2014 to 2025).   

The breakfast cereal market can be segregated on the basis of product, distribution, and region.

Based on product, the market can be categorized into hot cereals and ready-to-eat (RTE) cereals. In 2016, RTE cereals dominated the market and accounted for 68% of global revenue share. The segment consists of cornflakes, bars, cookies, biscuits, and others. High demand for on-the-go meal options is likely to fuel consumption of breakfast cereal bars and biscuits. Growing awareness regarding fast, easy, and inexpensive meal options offered by RTE cereal segment can boost market growth. Moreover, rising adoption of cereal bars among kids owing to effective advertising strategies and attractive packaging can also fuel growth of market.

On the contrary, hot cereals segmented is expected to witness fast growth during the forecast period. Growing adoption of nutritious meal options in breakfast can surge demand for multi-grain cereals including seeds, grains, and beans. Numerous health benefits of including these organic and whole grain based cereals in diet can augment demand for hot cereals. Moreover, incorporation of exotic flavors into product variants to offer taste can gain traction among consumers.

Based on distribution, the market can be classified into e-commerce, convenience stores, supermarket, and others. In 2016, supermarket segment dominated the market and accounted for largest market share. It is expected to grow at similar pace during the forecast period attributed to increasing number of supermarkets globally. Initially these supermarkets were concentrated only to Europe and North America regions, but now they have expanded their presence across Middle East & Africa and Asia Pacific.

Similarly, e-commerce segment is anticipated to emerge as prominent distribution channel across the globe. The segment is likely to generate considerable revenue from developed economies of Europe and North America owing to rising adoption of mobiles and internet. Online channels are expected to provide better access to branded merchandise and offer advanced shopping experience. In addition, these online channels are likely to gain popularity among lifestyle users in developed regions.

Regional segmentation includes Europe, North America, Asia Pacific, central & south America, and Middle East & Africa. In 2016, North America dominated the market and accounted for largest market share. Rising health concerns attributed to increasing health issues such as obesity, diabetes, and digestive disorders can fuel growth of region. In addition, continual innovations in terms of product & packaging coupled with growing adoption of new products among local consumers can surge product demand during the forecast period.

Similarly in Asia Pacific, the market is expected to witness significant growth owing to widening base of population indulged in busy lifestyles and demanding convenience food. In addition, high demand for natural and nutritional food products attributed to rising consumer awareness regarding healthy lifestyle can influence growth of market in the region.

Some of the leading companies offering breakfast cereal are Alara Whole Foods Ltd., Nestlé S.A., Kellogg Company, Bagrrys India Ltd., and Marico Limited.

In-Depth Research Report On Breakfast Cereal Market:

https://www.grandviewresearch.com/industry-analysis/breakfast-cereals-market