Global outlook of the digestive health food and drinks market
Technavio’s market research analyst predicts that the global digestive health food and drinks market will grow steadily at a CAGR of around 8% between 2016 and 2020. The use of dietary fiber foods to combat abdominal diseases is one of the primary factors propelling the growth of digestive health food and drinks market. Dietary foods are nutritive and are very helpful in treating gastrointestinal disorders, lowering cholesterol levels, reducing the risk of colon cancer, and aid in weight loss. Soluble dietary fibers have proved beneficial in minimizing the symptoms of irritable bowel syndrome including diarrhea, constipation, and abdominal problems. Owing to the growing preference for healthy diets among consumers, several food and beverage companies are developing dietary fiber products that offer long-term benefits. Factors such as the increase in demand for probiotic products, growing health awareness, and the implementation of healthier lifestyles by consumers will boost the demand for digestive health food and drinks over the next few years.
The primary factor for this region’s growth is the high consumption of digestive health food and drinks containing probiotics, especially yogurt. Aggressive marketing initiatives and the growing awareness about digestive foods among consumers has stimulated the sales of digestive health food and drinks in this region. Several producers of digestive health food and drinks
Outlook of the global quinoa seeds market
According to the market research analyst at Technavio, the global quinoa seeds market will grow progressively and post a CAGR of around 26% by 2020. The primary factor contributing to the growth of the market will be the emergence of quinoa as a superfood. Quinoa is considered to be a rich and healthy food product as it contains essential minerals like phosphorous, manganese, magnesium, iron, and copper that help deal with diabetes, migraines, and atherosclerosis. Also, it is a good source of vitamins B and E. Quinoa is popularly known as ‘complete protein' owing to its excellent amino acid profile, which is necessary for tissue growth and repair. In the recent studies, it was concluded that quinoa contains phytoestrogens, which aid in the prevention or reduction of osteoporosis, arteriosclerosis, breast cancer, and other medical conditions. The availability of quinoa that can be blended with other food products like cookies, muffins, and fritters to enhance taste and functionality will help in the growth of the quinoa seeds market during the estimated period.
The growing demand for alternative sources of protein is one of the recent trends gaining prominence in the market. The higher content of protein and better calorific value of quinoa has led to the increase in the demand for quinoa-based food products. Also, since it has higher amounts of lysine and isoleucine than other grains, it is vital for the growth and development of the body. Furthermore, with the rise in veganism and
Overview of the global hemp-based foods market
Market research analysts at Technavio predict that the global hemp-based foods market will grow at a CAGR of around 20% by 2020. Hemp-based food products have gained wide acceptance for their easy digestibility as they are free from allergens, gluten, genetically modified organism (GMO), lactose, soy, phytoestrogen, and pesticides. Hemp seeds are a highly nutritious protein source and are increasingly used in packaged foods such as bread, pretzels, granola bars, and cereals. Hemp has emerged as a superfood in recent years due to its high content of essential fatty acids (EFAs) including omega-3 and omega-6. The market potential for hemp-based foods emerging as superfoods will witness a huge surge in the coming years owing to their blending capacity in terms of taste and functionality with other common food ingredients. Moreover, the growing demand for high protein content products will further contribute to the growth of the global hemp-based foods market over the forecast period.
The health benefits associated with hemp-based foods make them an excellent choice for the growing health-conscious consumers in APAC. Many hemp-based food manufacturers are focusing on using this opportunity to penetrate their products in the APAC countries, such as South Korea, China, Japan, Indonesia, Taiwan, Malaysia, and Singapore, by getting into distribution right agreements with the local distributors. Several vendors are also focusing on securing a foothold in the market in this region by supplying hemp-based foods such as hulled hemp seeds. Recently, Naturally Splendid has announced that it will offer hemp foods and other hemp-based products through Korea Beauty and Healthcare in the region.
Competitive landscape and key vendors
The global hemp-based
Outlook of the food additives market in the US
Extensive market research carried out by the analysts at Technavio has shown the food additives market in the US will grow at a CAGR of more than 3% over the forecast period. A growing preference for convenience and packaged food is one of the key factors driving the growth of the food additives market in the US. Ready-to-eat and processed food products, such as canned cereals, ready-to-cook meals, and dehydrated soups, require very less cooking and clean-up time, leading to an augmented demand globally. Food additives like flavors, enhancers, and enzymes play a critical role in the manufacture of packaged and convenience food. Food manufacturers add these additives to ensure that the taste, texture, and quality remains stable. Therefore, it can be estimated that the presence of a growing convenience and packaged food market will positively influence the growth of the food additives market in the US by the end of 2020.
In this market report, analysts have estimated factors like the increasing demand for food flavors and taste enhancers to impel the prospects for market growth until the end of the forecast period. Health-conscious consumers are increasingly demanding for more natural additives in place of artificial additives, which will aid in the growth of this market over the predicted period. Also, with increasing consumption of packaged food, food manufacturers are demanding customized flavors and enhancers from food additive vendors to develop new varieties of food with unique flavors, which will propel the growth prospects of the food additives market in the US.
Product-based segmentation of the food additives market in the US
- Flavors and enhancers
Overview of the global cocoa market
Technavio’s market research analyst predicts that the global cocoa market will grow at a modest CAGR of over 3% by the end of 2020. One of the key drivers for market growth is the range of uses for cocoa powder. Since cocoa powder has a universal flavor, the market space will offer scope for multiple applications. Cocoa is an essential ingredient in products related to baking, dairy, and even beverages. After processing, cocoa powder can be used in syrups, toppings, confectionery, as a coloring agent, and even in beverages. The ability to process and utilize cocoa powder in multiple ways will lead to this market’s growth during the forecast period.
In this market research report, analysts have estimated factors like the rising demand for Fairtrade-certified cocoa products to bolster market growth until the end of 2020. Fairtrade cocoa is sourced from farms, which do not indulge in slavery or child labor. Vendors dealing in fairtrade cocoa levy a small premium on products and use these funds to improve the living standards of cocoa producing farmers. Growing awareness of fair trade practices and the rising demand for ethically cultivated and sourced cocoa products will have a positive impact on market growth during the forecast period.
Product-based segmentation and analysis of the cocoa market
- Cocoa butter
- Cocoa powder
- Cocoa liquor
The cocoa liquor segment was the largest in 2015 and is expected to grow at a CAGR of close to 3% during the next four years. Much of this segment’s growth can be attributed to its extensive use in a wide range of applications including confectionery, bakery, ice creams, and desserts. In addition, the rising demand for origin cocoa liquor will also lead to the growth of this market segment during the forecast
Global outlook of the gum market
Extensive research carried out by the analysts at Technavio has shown that the global gum market will reach close to USD 25 billion by 2020. The consumer’s choice of packaged food items is largely based on the availability of products in the market. The larger the number and more the varieties, the higher the chances of them consuming multivariate products. The availability of product variants compels consumers to change their taste frequently. Moreover, children are also drawn by different flavors, shapes, and packaging of gums, which will bolster the growth prospects for this market in the coming years.
The growing demand for nicotine gum is one of the important trends driving the growth of the global gum market over the predicted period. Nicotine gum is a type of chewing gum that delivers nicotine to the body and helps in coping with the withdrawal symptoms of smoking. According to the US FDA, tobacco products are responsible for an average of 440,000 deaths in the US every year. Therefore, to combat this health hazard, the FDA approves safe and effective therapies that consumers can use to stop smoking, including nicotine gums, lozenges, and patches. Moreover, several governments and organizations have extended support to people who want to quit smoking by providing NRT (nicotine replacement therapy). The desire to quit smoking tobacco and the increasing awareness regarding its harmful effects will contribute to the growth of this market over the next four years.
Segmentation by type and analysis of the gum market
- Chewing gum
- Bubble gum
The chewing gum segment led the global gum market and is expected to reach close to USD 22 billion by 2020. The growth of this market segment is attributed to the increasing demand for sugar-free chewing gum products. In 2012, scientific studies conducted by the European
Food is a broad commodity that includes everything from canned, fresh, and frozen foods to pasta and cooking oils. Many manufacturers and suppliers of packaged food have expanded their distribution networks and modified their retail formats in order to meet changing consumer demands resulting from better standards of living and changes in eating habits across the globe.
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