Food and Beverage

Format: 2016-12-09
Format: 2016-12-09
December 02, 2016 | 66 Pages | SKU: IRTNTR11013

Outlook of the global chewing gum market

The global market for chewing gums is anticipated to witness moderate growth and will generate revenues of over USD 23 billion by 2020. Much of this market’s growth can be attributed to the perceived oral and dental health benefits of sugar-free chewing gums. According to the International Chewing Gum Association (ICGA), chewing sugar-free gum increases saliva production. This increase in the saliva production subsequently reduces instances of plaque formation and tooth decay significantly. Additionally, chewing gum products like nicotine gum are regarded as effective aids to quit smoking. The consumption of sugar-free chewing gum also helps clean food debris from the teeth and reduces stress.

According to this market research report, the global market for chewing gums will witness strong growth in the Americas. This region was the largest market for chewing gums during 2015 and will experience a slight decline in the demand for gums due to the populace’s growing preference for mints. Canada and the US are mature markets for gum products. However, despite the chewing gum market in the US being highly penetrated, it will continue to grow at a steady pace due to various category innovations taking place in the industry.

Competitive landscape and key vendors

The global chewing gum market is marked by the presence of both regional and international vendors. However, the major portion of the global market is controlled by four key vendors - Mars (Wrigley), Mondelēz, Lotte, and Perfetti. North America and Western Europe are the two major markets for these international players.

Top vendors in this market are -

December 01, 2016 | 67 Pages | SKU: IRTNTR10980

Overview of the private-label food and beverage market in the US

The private-label food and beverage market in the US is driven by continuous product innovations by manufacturers and the introduction of new products annually. New product launches enable manufacturers to be updated with the latest trends and meet the changing customer requirements and preferences. In the US, millennials are one of the primary target customers for private-label brands. Most millennials are willing to purchase private-label food and beverage products and believe these brands to be more innovative.  Several large retailers are also increasing their private-label brand offerings owing to the attractiveness of the market and high sales coming from private brands.  The growing awareness about private labels has built brand loyalty for the vendors, who are promoting their private-label products as alternatives to national brands. Private labels in the US are also introducing products to create differentiation. For instance, H-E-B has recently launched a new private-label line that excludes more than 200 synthetic ingredients including high fructose corn syrup and artificial flavors. With the growing demand for organic products, H-E-B is taking the health quotient into consideration while keeping the pricing of these products low. Technavio’s market research analyst predicts the private-label food and beverage market in the US to grow at a CAGR of almost 3% by 2020.

Several private-label store brands have been focusing on packaging to compete with store brands as innovation in packaging plays a key part in building brand image. Retailers are coming up with unique packaging designs, incorporating more colors and personality to their products. They are extensively using artistic photographs and vibrant colors to make the product stand out on the shelf. Several private brands have also been redesigning their product

November 29, 2016 | 60 Pages | SKU: IRTNTR10965

Overview of the global yeast market

Technavio’s market research analyst predicts the global yeast market to grow moderately at a CAGR of around 9% between 2016 and 2020. Factors like the rising demand for bakery products and shift towards natural flavoring are driving growth in the global yeast market. Yeast is used to accelerate the fermentation process in food and beverage products, and helps in improving aroma, flavor, and texture of the product. The demand for convenience in food products has led to an increased demand for ready-to-eat food products, such as ready to consume soups and noodles, which have high quantities of yeast content in them. Yeast not only helps in developing different flavors, but also imparts freshness to the formulated food and decreases the sodium levels in food products. Yeast extracts are also used in food products, such as beef and chicken, to give dark-roasted and savory flavors.

In terms of geography, Europe leads the global yeast market and is expected to grow at a steady pace during the forecast period. The high demand for natural ingredients and the advances in the formulation are contributing to the high demand for yeast in Europe. Yeast is a natural ingredient and is considered as a replacement to artificial ingredients in several food and beverage products. Also, the demand for clean-labeled and healthier products in Europe is further driving the yeast market in this region.

Competitive landscape and key vendors

The presence of numerous small and large vendors makes the global yeast market extremely fragmented. Price, quality, innovation, reputation, and distribution are the major factors based on which the vendors compete against each other. The rapidly changing consumer preferences makes the market highly dynamic as the players have to focus on developing innovative products to meet the growing

November 29, 2016 | 57 Pages | SKU: IRTNTR10954

Overview of the global fruit spreads market

Technavio’s market research analyst predicts the global fruit spreads market to grow at a CAGR of close to 3% during the forecast period. The growing health trend across the globe has prompted several consumers to opt for such fruit products that are indulgent, have high fruit content, and are sugar-free. Consumers worldwide are now switching over to fruit spreads, which are sugar-free when compared to jams. As convenience food products, fruit spreads are natural accompaniments for a breakfast meal. Manufacturers are preparing fruit spreads that can be used in baking projects and as snacks. They are also coming up with flavors and nutrition and focusing on renovating traditional fruit flavors. Owing to the growing demand for better-for-you products that are easy to prepare as well as tasty, the vendors are making healthier and indulgent offerings. Also, the rising health benefits provided by natural and organic food has prompted several fruit spread companies to introduce organic flavors, which are already popular among the millennials.

The number of private-label brands for fruit spreads has been increasing across the globe due to the surge in organized retailing. Much of this growth is attributable to the consolidation and expansion of the retail food industry. Several retailers are also entering this market by extending their investments in perishable food products, primarily lured by the growing popularity of fruit spreads for at-home consumption. Private-label brands are better, provide higher value, and are priced better than the branded purchases. Many large retailers are also expanding into gourmet facilities, and offering more fruit varieties. Retailers in the market are also investing in private-label spreads as consumers are opting for affordable and high-quality products.

Competitive landscape and key vendors

November 25, 2016 | 64 Pages | SKU: IRTNTR10924

Overview of the global instant coffee market

Technavio’s market research analyst predicts the global instant coffee market to grow at a CAGR of almost 6% between 2016 and 2020. Changing lifestyle and consumption patterns of time-pressed consumers are increasing the demand for coffee. The convenient preparation of instant coffee and its availability in multiple flavors and formats are the most significant factors driving growth in this market. Also, the shelf life of instant coffee is longer than that of ground coffee because it is in a powder texture. Several well-known coffee brands are marketing instant coffees as specialty coffees, which has widened the scope for this market. For instance, Nestlé has come up with a Barista style instant coffee, Azera. Starbucks has also introduced many different flavors for consumers. Some manufacturers are making constant innovations in the product segment in terms of aroma, flavor, and color of instant coffee, which will inevitably attract more consumers.

In terms of geography, Europe accounts for the largest share in the global market where the UK, Turkey, Belarus, and Ukraine are the leading instant coffee-consuming countries. The region depends mainly on imports to meet the growing demand as the harsh climatic conditions restricts the cultivation of coffee. Russia is the most prominent market for instant coffee, and the easy availability of three-in-one coffee sachets are propelling more consumption among contemporary Russian consumers. With several manufacturers setting up instant coffee-based vending machines in convenience stores, offices, and high-traffic public areas, the market in Europe will witness huge growth in the coming years.

Competitive landscape and key vendors

The global instant coffee market is extremely fragmented and comprises

November 25, 2016 | 59 Pages | SKU: IRTNTR10923

Overview of the global aloe vera-based drinks market

Technavio’s market research analyst predicts the global aloe vera-based drinks market to grow at a CAGR of close to 10% between 2016 and 2020. One of the primary factors driving growth in the aloe vera-based drinks market is the health benefits associated with the consumption of aloe vera. The aloe vera juice contains several nutrients including calcium, iron, sodium, potassium, zinc, manganese, vitamin A, vitamin B, vitamin C, vitamin E, amino acids, and folic acid, which helps in fortifying the body's immune system. The increasing adoption of a healthy lifestyle by the consumers will significantly benefit the aloe vera-based drinks market. Besides helping in detoxification of the body, these drinks also lower the cholesterol and blood sugar and aid in smooth digestion hair growth. Several vendors are also launching well-planned marketing campaigns to increase awareness among consumers regarding the nutritional advantages of aloe vera-based drinks. The growing popularity of these drinks, especially among the fitness-conscious millennials, has propelled various players to enter into strategic partnerships and come up with new product variants to cater to the consumer demands.

Observing the growing trend of health consciousness among consumers, several vendors in the market are launching hybrid juices such as aloe vera combined with other juice types like mango. For instance, ALO has come up with ALO Allure product with ingredients including aloe vera, mangosteen, and mango. Similarly, Apollo Life and Patanjali Ayurveda have introduced aloe vera juice mixed with orange juice in the Indian market. Lily of the Desert is selling its aloe vera-based drinks as dietary supplements.

Competitive landscape and key vendors

The presence of