google-site-verification=5mXTZs0RdDCeTpcCGBeUc2HF9uNdM1rSAr9sRldwfdY CMI Blog Absolutes: Food and Beverages

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Showing posts with label Food and Beverages. Show all posts
Showing posts with label Food and Beverages. Show all posts

The Flavor Enhancer Market Has Tremendous Growth in Recent Years Owing To the Expansion of the Food & Beverage Industry around the Globe

 

Flavor Enhancer
Flavor Enhancer

Some of the key players in the global flavor enhancer market are Givaudan, FIRMENICH SA, Takasago International Corporation, Sensient Technologies Corporation, Mane, International Flavors & Fragrances Inc. IFF, Senomyx Inc., Innova and DuPont Nutrition & Health, A & Z Food Additives Co. Ltd., Kerry Group and Symrise.

Key Developments:

1.      In July 2020, Zhou Nutrition has launched an innovative new line, Zhou Nutrition Water Enhancers. Zhou Nutrition Water Enhancers are available in six delicious natural flavors, and support a variety of wellness needs, from hair and skin health to memory, and management of occasional stress

2.      In August 2020, Lifted Made, a wholly-owned subsidiary of Acquired Sales Corp., has launched flavored nano-CBD water enhancer packets under Lifted Made’s flagship brand Urb Finest Flowers

3.      In August 2020, Ocean Spray Cranberries, Inc. the human food and beverage brand entered the pet industry with the launch of Tally-Ho™ functional water enhancers for dogs

Regional Insights:

North America is anticipated to attain significant growth in the global flavor enhancer market in the near future. This is attributed to the increasing spending on the food industry by consumers and the government in the region. This is augmenting the demand for flavor enhancers from the food &beverage industry. As per stats released by the United States Department of Agriculture, in 2019, Americans spent an average of 9.5 percent of their disposable personal incomes on food—divided between food at home (4.9 percent) and food away from home (4.6 percent).

What are Flavor Enhancers?

Flavor enhancers are types of additives that are widely added into the food to modify the existing flavor and also enhance the taste and texture of food. Flavor enhancers are widely used in food products such as prepared meals, savory snacks, and condiments.

Market Drivers:

Changing food habits, growing disposable income of consumers, and increasing adoption of the western culture around the globe are key factors responsible for the growth of the flavor enhancer market. Increasing consumption of snacks prepared meals, and condiments are also uplifting the growth of the flavor enhancer market. In July 2017, PureCircle the producer and innovator of great-tasting stevia sweeteners for the global beverage and food industry has announced the launch of new stevia leaf-based flavor enhancers. The increasing focus of key manufacturers on introducing such variety in flavor enhancers is further anticipated to augment the growth of the flavor enhancers market over the forecast period.


Increasing Consumption of Meat Is Influencing the Growth of the Meat Glue Market

 

Meat Glue
Meat Glue 

Meat glue is a common term used in cooking for the purpose to bind ingredients together. It contains chemicals such as fibrinogen and transglutaminase. Examples of foods created with this glue include chicken breasts, fish strips, and shrimp. For these products, there will usually be some glue leftover which can be removed by scraping or simply rubbing off the excess.

There are many health benefits of using this glue. The glue adds protein to the food because it helps keep the texture even. The meat have a longer shelf life because it is not exposed to air which means it preserved freshness for much longer. Meat glue has been used throughout history to help preserve meat. In addition to its use in preserving meats, this product can also be used to seal envelopes, seal bags, mend broken bones, glue together puzzle pieces, stitches, and thicken sauces

Increasing meat consumption is a key factor fueling the growth of the global meat glue market. According to TheWorldCounts, globally, we consume around 350 million tons of meat a year. By 2050, global meat consumption is projected to reach between 460 million and a staggering 570 million tons. The growing use of meat glue in food applications such as meat noodles and novel meat combinations for example scallops and lamb is again propelling the growth of the meat glue market. Moreover, increasing consumption of fish coupled with the growing demand for processed food is also augmenting the growth of the meat glue market over the forecast period.

North America is projected to gain significant growth over the forecast period and this is attributed to the high consumption and production of meat in the region. According to the United States Department of Agriculture, in 2018, 65.2 pounds of chicken per person were available for Americans to eat (on a boneless, edible basis), compared to 54.6 pounds of beef. According to the North American Meat Institute, the meat and poultry industry is the largest segment of U.S. agriculture. U.S. meat production totaled 52 billion pounds in 2017 and U.S. poultry production totaled 48 billion pounds in 2017.

Key Developments:

In January 2020, Hub Labels Announces Partnership with Marel to Provide More Choices in labeling solutions to the Poultry, Meat and Fish Packaging Industry

Key Players:

Major players operating in the global meat glue market are Ajinomoto Co., Inc., Special Ingredients Ltd., Modernist Pantry, LLC, Kinry Food Ingredients Co., Ltd., S.L., Micro-Tech Foods Ingredients Inc., Yiming Biological Products Co., Ltd., BDF Natural Ingredients, and Nanning Pangbo Biological Engineering Co., Ltd.


North America to Witness Slight Decline in Growth in the Potato Processing Market, Owing To Decrease in Production of Potatoes

 


The best way to describe potato processing is that of a very high-tech and highly sophisticated manufacturing process. The production process involves the cutting, peeling, boiling, roasting, drying and finally the cutting and drying of the potato skins. This is known as potato cutting and all this has to be done quickly and efficiently and the results are simply irresistible. The main purpose of processing is to make sure that you get the best possible potatoes without any wastage or damage being done to the product. Apart from this the other main purpose is to get rid of any leftover potatoes that are found after the process is complete.

Market Dynamics

Government support during Covid-19 is expected to propel growth of the potato processing market. For instance, in May 2020, Canada’s Ministry of Agriculture allotted US$ 4.7 million to the P.E.I. Potato Board and Cavendish Farms, to allow millions of pounds of potatoes to be stored, amid the COVID-19 pandemic.

North America is expected to witness slight decline in growth in the potato processing market, owing to decrease in production of potatoes. For instance, according to the U.S. Department of Agriculture, potato production in the U.S. in 2019 totaled 424 million cwt, down 2 percent from the 2018 crop for comparable States.

Europe is expected to witness significant growth in the potato processing market, owing to increasing number of processing facilities. For instance, in November 2020, UK-based Branston, which supplies own-label products to supermarkets, such as Tesco, submitted plans for a new potato processing facility.

Competitive Analysis

Major players operating in the potato processing market include, Agrana Beteiligungs-AG, Agristo NV, Aviko B.V., Bem Brasil, Farm Frites International, McCain Foods USA, Idahoan Foods, Intersnack Group GmbH & Co. Kg, J.R. Simplot Company, Lamb Weston Holdings, Leng-D'or, Limagrain Céréales Ingrédients, McCain Foods Limited, and The Kraft Heinz Company.

November 2020: Bem Brasil, the largest potato processor and manufacturer of frozen French fries in Brazil ordered PEF Advantage system for potato processing suitable for processing up to 30 ton potatoes per hour from ELEA GmbH, the world leader in Pulsed Electric Field systems for food processing, has supplied a first.

September 2020: McCain Foods USA announced the restart of construction of its 170,000-square-foot expansion at its Othello, Washington potato processing facility. It was paused due to COVID-19 restrictions.

 


Alcoholic Beverages Market is Gaining Major Traction as Remy Cointreau Enters into Distribution Agreement with Southern Glazer’s Wine & Spirits for Distribution in New York

 


An alcoholic beverage is simply a liquid beverage that contains alcohol, a form of carbohydrate produced from yeast, fruits, grain, or other organic sources of sugars. The consumption of alcoholic beverages plays an important cultural role in most societies. However, these laws vary greatly from country to country, province to province, and even from city to city within a metropolitan area. Some places have more lenient laws than others regarding alcohol sales and consumption, while others have more stringent regulations in place. Alcoholic Beverages can also include the following: Blended alcoholic beverages; Vodka; Gin; Bourbon; Liquorice; Tequila; Sherry; vodka; gin, brandy, and whiskey. The amount of alcohol in any one of these beverages is the same

Rising disposable income is expected to drive growth of the global alcoholic beverages market. Disposable income across the globe in both developed and emerging economies has increased significantly over the years. According to the Organisation for Economic Co-operation and Development (OECD), in 2017, the gross adjusted disposable income in the U.S. was US$ 50,444 per capita increasing from US$ 45,960 per capita in 2014. As a result of this, the spending capabilities of consumers on leisure activities have increased. Thus, these factors are expected to drive growth of the global alcoholic beverages market. Furthermore, rise in consumer demand combined with increase in the global young-adult demographic is expected to boost the global alcoholic beverages market in the near future. Launch of novel products is expected propel the global alcoholic beverages market. For instance, in February 2020, Sula Vineyards launched the first canned wine Dia Sparkler in a 330 ml can. `

However, high cost of premium products and increase in health concerns is expected to hamper the global alcoholic beverages market growth. Among regions, Europe is expected to witness significant growth in the global alcoholic beverages market during the forecast period. This is owing to increasing penetration of high consumption of alcoholic drinks across the globe. Furthermore, North America is expected to register a robust growth rate over the forecast period, owing to the strong demand for alcohol in the region.

Key companies operating in the global alcoholic beverages market are Bacardi, InBev, SABMiller, Diageo, Remy Cointreau, Carlsberg, Remy Cointreau, Heineken, and Pernod Ricard.

For instance, in February 2020, Southern Glazer’s Wine & Spirits entered into a distribution agreement with Remy Cointreau USA for distribution in New York.


Cocoa Market; Cocoa-Rich Products Are Beneficial For People with Heart Problems

 


Cocoa is fully dried and fermented beans (extracted from Theobroma cocoa) that are further processed to produce butter, liquor, oil, cocoa powder, and other cocoa products. Cocoa is used in cosmetics, pharmaceutical, and food applications. Cocoa powder is widely used in cocoa paste and chocolate production. Cocoa butter is widely used in the cosmetic and pharmaceutical industries. Cocoa-rich products have many health benefits, such as the lower risk of chronic fatigue syndrome and cardiovascular disease, and reduce hypertension. The three common plants from which cocoa is derived are forastero, trinitario, and criollo. Of which, forastero has emerged as the most in-demand type of cocoa plants that produce the best quality of cocoa.

The increasing demand for dark/premium chocolates worldwide is predominantly driving the growth of the cocoa market. For instance, in 2019, Nestle launched the KitKat Chocolatory Cacao Fruit Chocolate made entirely from the cocoa fruit in Japan, with no compromise on taste and quality. The company introduced several confectionery innovations, such as volcanic chocolate and ruby chocolate. Dark/premium chocolates provide many health benefits, and thus the demand for these chocolates is increasing rapidly. Moreover, cocoa-rich products have high flavonoid concentration, due to which they are considered beneficial for people with heart problems.

The increasing demand for cocoa beans from the pharmaceutical industry is expected to propel the cocoa market growth. Cocoa beans are used as a lubricant in many medicinal formulations. Furthermore, it has excellent antimicrobial and physicochemical properties, which makes it suitable for the production of various drugs. Cocoa beans are also used in the formulation of healthy beverages, which is expected to create significant growth opportunities in the market. For instance, in March 2020, Nestle launched Milo, a plant-based version of its cocoa malt beverage. Thus, the increasing demand for cocoa-based beverages is expected to drive the cocoa market growth.

The volatile price of cocoa due to uncertain weather conditions, challenges associated with the selling of cocoa, and lack of knowledge among farmers about advanced farming are expected to hamper the growth of the cocoa market. In terms of geography, the cocoa market is divided into six regions, such as North America, Asia Pacific, South America, Europe, the Middle East, and Africa. Moreover, key players operating in the market are focusing on enhancing the processing capacities of cocoa to meet the growing customer demand. For instance, in December 2019, Cargill invested US$ 113 million in its Ivory Coast and Ghana facilities to expand the processing capacities of cocoa to meet the growing demand.


Tobacco-Free Formulation of E-Liquid and E-Juice and High Prevalence of Lung Cancer to Augment Growth of E-Liquid and E-Juice Market

 


E-liquid and e-juice is a liquid consisting of propylene glycol mixed with other chemical substances and sometimes includes flavorings such as fruit juices. The composition and consistency of e-juice greatly affects how it smells and tastes when it is vaped. It differs slightly from bottled e-juices because it is more concentrated, and therefore, it has a stronger taste and aroma. The concentration is usually measured in percentage of volume by weight. More or less potent e-juices are available depending on its contents, which range from vegetable oils and glycerine to propylene glycol.

Market Dynamics

Tobacco-free formulation of e-liquid and e-juice and increasing substance abuse is expected to propel growth of the e-liquid and e-juice market. For instance, according to the 2018 National Survey on Drug Use and Health, in the U.S., around 164.8 million people aged 12 or older in the U.S. were past month substance users that included tobacco, alcohol, or illicit drugs.

High prevalence of lung cancer is expected to offer lucrative growth opportunities for players in the e-liquid and e-juice market. For instance, according to The American Cancer Society, in 2020, the U.S. is expected to witness around 228,820 new cases of lung cancer and around 135,720 deaths due to the disease. Moreover, vaping is considered less harmful than smoking, which is also expected to aid in growth of the market. For instance, in April 2020, the U.K released its 6th annual independent report, “A Tobacco Control Plan for England”, with a statement reassuring the public that vaping is still at least 95 percent less harmful than smoking.

However, use of e-cigarettes may lead to disruption in the gut barrier and trigger inflammation in the body, according to some studies. Such side effects are expected to hinder growth of the e-liquid and e-juice market. Sale of counterfeit and unauthorized e-cigarettes is also expected to limit the market growth.

Competitive Analysis 

Major players operating in the e-liquid and e-juice market include, Black Note Vape Inc., Fontem Ventures B.V, Crystal Canyon Vapes LLC, e-Liquid Factory, E-liquid Brands LLC, Mig Vapor LLC, Vape Dudes, KAIs Virgin Vapor, ZampleBox LLC, and VaporFi Inc.

November 2019: Fontem Ventures welcomed the U.S Centers for Disease Controls and Prevention update that vitamin E acetate has been identified as present in 100% of tested samples from victims of lung injuries in the US.


Growing Awareness about the Health Benefits of Dark Chocolate to Augment the Asia Pacific Chocolate Market Growth

 


Chocolate is prepared from roasted and ground cacao seeds, which are made as paste, liquid, and block. It can also be used as a flavoring ingredient in various food s. Chocolate has a unique and sweet taste and has many health benefits such as reduces the risk of various diseases such as hypertension (high blood pressure) and coronary heart disease. Moreover, chocolate is one of the most popular food types and flavors in the world, including desserts such as chocolate chip cookies, chocolate brownies, mousse, pudding, cakes, etc. Chocolate is also used in cold and hot beverages, as well as in some alcoholic drinks.

The increasing population, especially the youth, in the region is driving the Asia Pacific chocolate market growth. For instance, more than 60% of the world’s youth (around 750 million men and women aged 15 to 24 years) live in the Asia Pacific, according to the United Nations World Population. Moreover, an increase in per capita income due to overall economic growth is also expected to propel the market growth. An increase in per capita income leads to an increase in sales of premium chocolate. Thus, increasing disposable income of the consumer is expected to drive the Asia Pacific chocolate market growth.

However, the high cost associated with the raw materials used to make chocolates and the harsh weather conditions affecting cocoa production are expected to hamper the overall growth of the market. Moreover, a poor economic scenario affects cocoa supply to manufacturers due to unstable rules and regulations across the Asia Pacific region, which is also expected to restrain the market growth. In terms of geography, the Asia Pacific chocolate market is segmented into several regions/countries, such as India, China, Australia, Japan, New Zealand, South Korea, Singapore, and the Rest of APAC.

In 2019, Japan dominated the Asia Pacific chocolate market, accounting for around 26% share in terms of value, followed by China and Australia, respectively. The growing awareness among people about the health benefits of dark chocolate, as well as the growing consumption of dark chocolates, is expected to create significant growth opportunities for the market. For instance, in December 2019, Nestle launched the KitKat Chocolatory Cacao Fruit Chocolate, in Japan, made entirely from the cocoa fruit. It is coated with a 70% dark chocolate that uses cocoa beans and pulp as the only ingredients. Moreover, Mars (chocolate maker) announced that it is planning to develop more local products for the Indian market.


Gum Arabic – An excellent stabilizing and thickening agent widely used in food industry

 


Gum Arabic is a gum powder that is commonly seen in Middle Eastern cuisine and is a popular addition to desserts. It is also known as "almond gum Arabic" and is derived from the nut of the same name. The main ingredient of Gum Arabic and all-natural gum Arabic extracts are extracted from the leaves and twigs of the Tahitian tree. This natural gum Arabic is often used as an "absorbent" or "moisture absorber" by herbalists and homemakers alike due to its ability to eliminate moisture when applied to the skin. Gum Arabic is widely used as a stabilizing agent as using gum Arabic to help stabilize ingredients can help create products in the food industry.

Growing demand for gum Arabic from the food &beverage industry where it is used as a binding agent to bind the food particles is fueling the market growth. High consumption of dairy products, confectionery, bakery products, beverage products, and sauces & dressings is contributing to the growth of gum Arabic market. Moreover, it is also used in the manufacturing of watercolor paints which is again driving their demand. Furthermore, the growing popularity of gum Arabic as organic fiber products due to its high dietary fiber content which helps in digestion of the food is further projected to foster the growth of the Gum Arabic Market. Also, increasing demand for stabilizers, thickeners, gelling agents from the pharmaceutical industry is projected to uplift the market growth in the near future. Additionally, increasing population coupled with the growing popularity of a different variety of food products is again projected to propel the growth of the Gum Arabic Market

North America is expected to gain significant growth over the forecast period and this is attributed to the increasing consumer spending on food products due to growing disposable income. According to the Economic Research Service United States Department of Agriculture, in 2019, U.S. consumers, businesses, and government entities spent $1.77 trillion on food and beverages in grocery stores and other retailers and on away-from-home meals and snacks.

Key Developments:

1.      In April 2019, Alland & Robert has entered into a joint venture with India-based Company Sayaji Industries Limited. The focus of this partnership is to focus on manufacturing and supplying premium quality spray dried acacia gum which is also known as Arabic gum for the growing Indian market.

2.      In September 2020, Sudan and The Netherlands have agreed on supporting and facilitating the establishment of gum Arabic processing factories in Darfur, Kordofan, and other states. The objective of the suggested factories was for increasing the value-added of Gum Arabic crop.


Increasing consumption and production of meat is escalating demand for poultry

 


Poultry are domestic birds kept primarily for their meat, their eggs, or both. These are the birds that sit on windowsills, in cages, or in large yards and they are usually the smaller ones. They are basically raised for the production of meat or eggs to be used as food.

Increasing consumption and production of meat products is predominantly fueling the market growth of the poultry. Growing awareness regarding the health benefits of animal based protein such as eggs and meat is again expected to foster market growth. Moreover, growing health-conscious consumers coupled with the increasing demand for animal-based proteins from athletes is also anticipated to propel the market growth. Furthermore, the increasing focus of key manufacturers on expanding the production capacities of the meat is further projected to augment market growth. For instance, in October 2020, Atria has invested $183.7m, to construct a new processing plant on its existing site located in Nurmo, Finland. The investment will also be used to install new slaughtering, cutting, and packaging lines at the facility.

North America is expected to gain significant growth over the forecast period and this is attributed to high consumption and production of meat in the region. According to the North American Meat Institute, the meat and poultry industry is the largest segment of U.S. agriculture. U.S. meat production totaled 52 billion pounds in 2017 and U.S. poultry production totaled 48 billion pounds in 2017. In 2017, the meat and poultry industry processed: 9 billion chickens and 32.2 million cattle and calves. Moreover, the U.S. exported 3.7 million MT of poultry and poultry variety meats in 2017. The value was estimated at $4.5 billion.

Key Developments:

1.      In August 2020, érola do Kikuxi farm, an integrated poultry producer in Angola is seeking US$80 million financings, supported by the Angolan central bank to expand its production capacity.

2.      In June 2020, the government of the Union Territory of Jammu and Kashmir has launched J&K Poultry Policy, 2020/Operational Guidelines to promote the establishment of poultry units in the region and announced a dedicated UT allocation of Rs. 50 crore as subsidy per annum for the establishment of broiler/layer farms and other allied activities.

3.      In March 2019, A’Saffa Foods, Oman’s poultry, snacks, and allied food producer, has announced its plan to double chicken meat production capacity at its farm site in Thumrait is on track.

Medium-chain Triglycerides Market; Medium-chain Triglycerides Are in High Demand, Here's Why

 


Medium-chain triglycerides (MCTs) are saturated fats and are made up of medium-chain fatty acids with carbon chains. MCTs are man-made fats produced by processing palm kernel oils and coconut. They are readily available in various foods such as yogurt, butter, milk, cheese, coconut oil, and palm kernel oil. Medium-chain triglycerides are used in various applications due to their health benefits such as infant nutrition, dietary supplements, medicinal products, and personal care products. Moreover, they can treat celiac disease, diarrhea, liver disease, and many others. Medium-chain triglycerides are widely used in applications such as nutritional diet, personal care, infant formula, sports drinks, etc.

Rising health awareness and large populations in some emerging economies such as the Asia Pacific have increased the diagnosis of digestive disorders. Around 60 to 70 million people in the United States were affected by digestive disorders (such as steatorrhea, Crohn’s disease, celiac disease, diarrhea, etc.), according to the National Institute of Diabetes and Digestive and Kidney Diseases. Moreover, medium-chain triglycerides are prescribed for malnourished children to enhance body development. Around 45% of deaths among children under 5 years of age are linked to undernutrition, according to the World Health Organization. Malnutrition refers to deficiencies, excesses, or imbalances in a person’s intake of energy and/or nutrients.

Moreover, increasing demand for MCTs from the food and beverage industry in developing countries, as well as expansion in the personal care sector, is expected to propel the market growth. The increase in demand for MCTs may be attributed to an increase in health concerns about dietary supplements. MCTs offer several benefits such as weight management by reducing the fats in the body. Furthermore, increasing demand for various products containing MCTs is also expected to drive the medium-chain triglycerides market. C8 is the most potent MCT available on the market today. For instance, in 2019, LifeSense launched a domestically manufactured C8 MCT oil supplement for dogs.

Medium-chain triglycerides are increasingly popular among consumers and product makers due to their ease of use as well as their health benefits. However, stringent government regulations, premium pricing, and lack of awareness in rural areas of emerging economies are major factors restraining the medium-chain triglycerides market growth, especially in the Asia Pacific. In terms of geography, the market is divided into six regions, such as North America, Europe, Asia Pacific, South America, the Middle East, and Africa. Moreover, increased adoption of MCTs by the medical applications for the treatment of various diseases has also fueled the growth of the medium-chain triglycerides market.

Consumption of Smoked Herring reduce the risk of cardiovascular disease

 


Smoked Herring is rich in antioxidants, omega fatty acids, DHA, and EPA. These nutrients are essential for cell function and growth. It is, therefore, important to maintain the right physiological conditions in order to maximize the nutritional value as well as the therapeutic value of these fish oil capsules. Apart from Smoked Herring fish oil, smoke flavor enhancers are also recommended to maintain the quality of the product and to improve the taste of the fish. This refrigeration method should be adopted to preserve the antimicrobial and flavonoid content.

Health benefits associated with the Herring is predominantly driving the market growth of Smoked Herring Fish. Herring has high levels of healthy omega-3 fatty acids and essential fats that support normal brain development and function. Research indicates that omega-3 supplements reduce the risk of heart disease and help relieve symptoms of rheumatoid arthritis. Moreover, consumption of Smoked Herring Fish also offers health benefits to patients suffering from diabetes, breast cancer, depression, memory loss, and arthritis. On the other hand, the growing trend of consuming vegan food products around the globe is projected to hinder the market growth of the smoked herring fish

Europe is expected to gain significant growth over the forecast period and this is attributed to the high consumption of the herring fish in the region. According to CBI Europe, from 2015, imports of fish and seafood into Europe was on a rise, reaching $22.3 billion in 2018. In 2019, Europe imported $9.7 billion more fish and seafood than it exported. According to the UK Sea Fisheries Statistics 2017, 2017, imports were highest for tuna, cod, shrimps and prawns, and salmon. The UK’s main exports were salmon, mackerel, and herring.

Key Developments:

·        In August 2020, US land-based salmon farmer Atlantic Sapphire, the largest producer of land-based salmon, and Brooklyn-based Acme Smoked Fish, the smoked seafood producer in the United States, announced an exclusivity agreement for the production, packaging, and distribution of smoked Atlantic Sapphire’s US Bluehouse Salmon in the United States.

·        In February 2020, Acme Smoked Fish Corp., a fishmonger has teamed up with a Rubenstein. Acme is known for cultivating staples: a variety of smoked salmon (including pastrami smoked salmon), lox (salt-cured salmon that isn’t smoked), gravlax, sable, kippered salmon, and whitefish.

·        In March 2019, Honey Smoked Fish Company acquired Generational Capital Markets client MacKnight Food Group

·        In October 2019, Acme acquired a US seafood smoker. The merger brings consolidation to the highly competitive US smoked salmon sector.

Meat Substitute Market is Witnessing Significant Traction as Gardein introduced plant-based six new meat substitutes as alternatives for fish, beef, and pork

 


A meat substitute or meat analogue is a meat-like substance made from plants. It is designed to equal animal alternatives in texture and taste. Initially, interest in meat substitutes was confined to grain-based foods. Grain is commonly used as a filler for sauces and dressings; however, it is difficult to substitute grains for meats and eggs without affecting taste and texture. Some studies indicated that using bread crumbs or other forms of flour for baked goods resulted in lower consumer satisfaction than using meat or fish scratchings in place of eggs. In addition, using meat substitutes resulted in higher calorie intakes since most foods used in these dishes contain more fat than carbohydrates.

Increasing adoption of plant-based protein is expected to drive growth of the global meat substitute market during the forecast period. Consumers are increasingly favoring plant-based protein over meat-based. Although meat is an excellent source of protein, there is people are increasingly preferring vegan or vegetarian food. Rising incidence of obesity-related diseases such as diabetes and cardiovascular disease has made consumers more health-conscious. According to the World Health Organization (WHO), around 17.9 million people die each year from cardiovascular disease, which around 31% of all deaths worldwide. According to the same source, around 85% of all CVD deaths are due to heart attacks and strokes. As a result of this, a large population is preferring a much healthier source of protein. Thus, these factors are expected to drive growth of the global meat substitute market during the forecast period. However, rising inclination for pea protein ingredients is expected to boost the global meat substitute market growth over the forecast period.

However, emergence of the cultured meat market and insect protein is expected to restrain growth of the global meat substitute market during the forecast period. Moreover, allergy concerns among consumers of wheat and soy products are expected to hamper the global meat substitute market growth over the forecast period. Among regions, Europe is expected to witness significant growth in the global meat substitute market during the forecast period. This is owing to increasing preference for purchasing meat-free products in the region. Furthermore, Asia Pacific is expected to register a robust growth rate in the global meat substitute market over the forecast period. This is owing to rising health awareness among consumers.

Key players operating in the global meat substitute market are Conagra Brands Inc., The Tofurky Company, Amy's Kitchen Inc., The Superbom, Blue Chip Group, Vegabom Healthy Option, The Campbell Soup Company, and Beyond Meat Inc.

For instance, in July 2019, Gardein, a brand of Conagra Brands Inc., introduced new plant-based, meat-free food products including Skillet Meals, Breakfast Sausage, Italian Sausage Patties, etc.

Tomato Seeds Market to Witness Excellent Growth as Key Industry Leader Bayer AG introduces a large-scale pre-launch trail of new tomato varieties with resistance ToBRFV


 

Most tomato plants are usually started inside a greenhouse in late summer or early autumn before the first spring frost. The plant roots are usually started out of pots in pots of potting soil and then transferred outdoors a little higher up the grower. When roots have grown a little deeper in the soil the seeds are planted into medium-sized containers of organic potting soil. Seedling tomatoes do not need much encouragement in order to grow. When growing seedlings indoors, try to grow them with good drainage in a sunny spot away from harsh sunlight. Planting tomato plants indoors will help prevent the rotting of tomato seeds, especially in areas of high humidity where the environment is not too dry. Tomatoes are effective in lowering blood pressure, improve skin health, and strengthen immune health.

Increasing awareness regarding the high nutritional value of vegetables is expected to drive growth of the global tomato seeds market during the forecast period. The consumption of various vegetables, including tomatoes, has increased significantly over the years. This is typically due to rising awareness regarding high nutritional value of vegetables among consumers across the globe. Tomatoes are a good source of vitamins A, C, and B2. Thus, these factors are expected to drive growth of the tomato seeds market during the forecast period. Key companies across the globe focused on research and development activities on new varieties of tomato seeds is expected to boost the global tomato seeds market growth over the forecast period. For instance, in September 2020, BASF Vegetable Seeds invested in an autonomous growing project for seed production and cultivation of tomato variety.

However, high costs of purchasing tomato seeds suitable for production in greenhouses is expected to restrain growth of the global tomato seeds market during the forecast period. Among regions, North America is expected to witness significant growth in the global tomato seeds market during the forecast period. This is owing to increasing consumption of tomatoes in the region. According to the Agricultural Marketing Resource Center, the consumption of processed and fresh tomatoes was recorded as 73.3 pounds per capita. Key companies operating in the global tomato seeds market are BASF SE, Enza Zaden, Groupe Limagrain, Takii & Co., Ltd., Syngenta AG, Advanta Seeds, Abundant Seeds Pty Ltd., Bayer AG, and Sakata Seed Corporation.

For instance, in September 2020, Bayer AG launched a large-scale pre-launch trail of new tomato varieties with resistance to Tomato Brown Rugose Fruit Virus (ToBRFV).

Uniform Standards for Halal Products to Augment Growth of Halal Food Market

 


The Arabic term for halal is "lawful or permissible." In other words, this type of food is something you can eat with minimal worry that it contains any forbidden food ingredients. It is usually cooked in very exacting manners so as not to allow the dish to be contaminated and is only eaten by Muslims.

Market Dynamics

Increasing Muslim population is expected to propel growth of the global halal food market over the forecast period. For instance, according to Pew Research Center, the number of Muslims in the Asia Pacific is projected to increase from about 1 billion in 2010 to about 1.3 billion in 2030. Moreover, launch of plant-based Halal meat products is also expected to aid in growth of the market. For instance, in October 2020, Ministry of Finance and Economy, Government of Brunei, launched Plantasti, the world’s first Halal plant-based meat ‘Ready to Eat Meals’.

Uniform standards for halal products is are expected to offer lucrative growth opportunities for players in the global halal food market. For instance, in November 2020, The 8th Multi-Lateral Recognition Arrangement Committee (MRAC) meeting of the International Halal Accreditation Forum (IHAF) called for the unification of halal criteria. Moreover, initiatives to boost exports of halal products is also expected to aid in growth of the market. For instance, In February 2020, Malaysia’s halal promotion agency, Halal Development Corporation signed a memorandum of understanding with Acrosx Japan Inc. to boost the exports of halal products to Japan.

Among regions, Asia Pacific is expected to witness significant growth in the halal food market, owing to stringent Halal laws. For instance, in October 2019, Indonesia's Halal Product Law came into effect. Many consumer products and related services that enter and are traded in the country must now be Halal-certified, while some products and services will have until 2022 to comply.

Middle East is also expected to witness significant growth in the halal food market, owing to increasing number of halal food and product centers. For instance, in July 2018, Saudi Arabia’s Food and Drugs Authority (SFDA) announced plans to launch the world’s largest center for halal food and products that include meat, poultry, other food items, cosmetics, medicines, and medical devices.

Competitive Analysis

Major players operating in the global halal food market include, Cargill Inc., Al Islami Foods, QL Resources Sdn Bhd, Haoyue Group, Kawan Food Berhad, BRF S.A., and Saffron Road Food.

April 2018: Al Islami Foods announced that Mitsubishi Corporation has acquired a minority stake in the UAE-based halal food manufacturer. 

Cucumber Seeds Market Witnessing Robust Growth as Key Industry Leader BASF SE Inaugurates its state-of-the-art breeding center in Nunhem spread across 2.5 hectare

 


Cucumber seeds are one of the most nutritious vegetables that can grow from the garden. They are full of vitamins and minerals, are very cheap to buy, and have low maintenance requirements. Cucumber seeds can also be planted directly into the garden or can be used to make delicious preserves. They are full of vitamins and minerals, are very cheap to buy, and have low maintenance requirements. Cucumber seeds can also be planted directly into the garden or can be used to make delicious preserves. Some disease-resistant cucumber varieties, such as the Cucumbers A-grade, can withstand some diseases, especially during their growing season. Planting heights: up to four feet.

Increasing demand for cucumber typically due to its health benefits is expected to drive growth of the global cucumber seeds market during the forecast period. Cucumber is one of the most nutritional plants from the guard family that helps cholesterol levels low and provide antioxidant effects. Cucumber has high water content and lower calorie content, making it a healthy option. A cucumber is also a great option for salads and smoothies, the help to reduce obesity. Thus, these factors are expected to drive growth of the global cucumber seeds market during the forecast period. Furthermore, rising production of cucumber in both developed and emerging economies is expected to boost the global cucumber seeds market growth over the forecast period.

However, side effects such as excessive cucurbitin leading to the elimination of fluids such as water from the body, further leading to electrolytic imbalance are expected to hinder the global cucumber seeds market growth over the forecast period. Among regions, Asia Pacific is expected to witness significant growth in the global cucumber seeds market during the forecast period. This is owing to rising consumption of cucumber in the region. Moreover, increasing awareness regarding the benefits of cucumber consumption among consumers is expected to boost the global cucumber seeds market growth over the forecast period. According to the Food and Agriculture Organization of the U.N., India produced 161.5 kilotons of cucumbers in 2017, increasing from 145.9 kilotons in 2007.

Key players operating in the global cucumber seeds market are Johnny's Selected Seeds, BASF SE, Sakata Seed Corporation, Groupe Limagrain, Syngenta, Advanta Seeds, Satimex QUEDLINBURG GmbH, and Semillas Fitó, SA.

For instance, in November 2018, BASF SE inaugurated a new state-of-the-art breeding center for cucumbers in Nunhem.