Overview of the global canned salmon market
Technavio’s market research analyst predicts the global canned salmon market to grow at a moderate CAGR of around 4% between 2016 and 2020. Salmon aquaculture is the fastest-growing food production system in the world. As per the recent market studies, the farmed salmon production has increased by about 133% over the past 15 years. There is growing demand for canned salmon across the world due to the various health benefits associated with the consumption of salmon fish. Salmon is considered as a good source of proteins, minerals, and various fatty acids such as omega-3 and omega-6. The surging demand for salmon products has led to the rapid increase in salmon production. The aquaculture production of Atlantic salmon is increasing significantly and is anticipated to increase at a growth rate of around 10% during the forecast period. The latest development in this market is the practice of land-based salmon aquaculture, which confines the fish to indoor tanks, and eliminates interactions between the farmed fish and the external environment.
APAC is the largest region in the canned salmon market in terms of revenue and is anticipated to occupy more than 41% of the overall market during the forecast period. Factors such as the increase in population, growing requirement for protein-rich diets, high disposable income, and changing lifestyles are fueling the demand for canned salmon products in the region. China, India, Japan, Thailand, Australia, Bangladesh, Singapore, and Malaysia are the key revenue contributing countries in APAC. Moreover, the surging demand for fish
Outlook of the coffee market in Mexico
Technavio’s market research analyst predicts the coffee market in Mexico to grow at a CAGR of around 5% during the forecast period. Factors such as changing consumer tastes and improved economy have fueled the demand for high-quality and specialized coffee products, such as coffee with different aromas, flavors, and RTD coffee beverages, among the younger population in Mexico. This increase in the demand for specialized coffee products among the younger population will foster the prospects for market growth until 2020.
The recent rise in the demand for RTD coffee is the key driver for the growth of this market. RTD coffee offers convenience and variety in terms of flavors, which is another major factor boosting its demand during the predicted period. Since this coffee is considered to be a healthy alternative option for carbonated drinks, its demand among the populace will witness a rapid increase until 2020.
Type-based segmentation of the coffee market in Mexico
- Fresh roasted and ground coffee
- Instant coffee
- RTD coffee
- Coffee pod
In this market study, analysts have estimated the coffee pod segment to exhibit the highest market growth rate during the forecast period. The populace’s rising demand for convenience and the recent shift from multi-serve to single-serve coffees will have a positive impact on this segment’s growth during the forecast period.
Segmentation by distribution channel and analysis of the coffee market in Mexico
The retail segment currently dominates the coffee market in Mexico and includes
Outlook of the global smoothies market
The global smoothies market is envisaged to witness fast growth at a CAGR of more than 7% over the forecast period. The growing popularity of smoothies is attributed to the numerous health benefits associated with them. As smoothies are essentially made of fruits and vegetables, they are a rich source of several nutrients, vitamins, and trace elements. Moreover, the right blend of natural ingredients helps in cleansing and detoxifying the body. Some smoothies are made with yogurt and milk, which is rich in probiotics and is also perceived to have numerous health benefits. Furthermore, the introduction of functional smoothies in the market is also attracting the attention of consumers; for instance, in the US, PepsiCo launched Naked, which is quite popular with its machine and protein variants.
In this industry research study, analysts have estimated factors such as the increasing popularity of organic and non-GMO smoothies to propel the growth prospects for this market in the coming years. Organic smoothies are not made from fruits and vegetables that are artificially ripened and sprayed with harmful pesticides and chemicals as there is a growing concern among the consumers about the origin and quality of fruits and vegetables that are used in the preparation of fruit smoothies. Although organic smoothies are priced higher than conventional juices, they are richer in minerals and antioxidants than conventional fruit juices.
Product-based segmentation and analysis of the smoothies market
During 2015, the global smoothies market was led by the fruit-based smoothies segment, which accounted for close to 85% of the total market share. Fruit-based smoothies are fibrous, rich in vitamins, and natural, making very popular among health conscious consumers worldwide. Moreover, fruit-based
Overview of the bottled water market in South Africa
According to the analysts at Technavio, the bottled water market in South Africa is envisaged to witness steady growth and will post an impressive CAGR of more than 7% during the forecast period. The prevalence of waterborne diseases and the scarcity of tap water has led to an augmented demand for bottled water in South Africa. Bottled water is also convenient as the process of boiling water at home is time-consuming and not energy-efficient. Moreover, bottled mineral water is purified and contains dissolved minerals that have several health benefits. Also, companies have started offering products in small-sized packages at low cost to increase distribution among consumers with low disposable income. The increasing need to provide safe drinking water to the growing population in South Africa will drive the market for bottled water in this region until the end of 2020.
In this industrial research report, the analysts have estimated factors such as the introduction of new flavored and functional bottled water to spur the growth prospects for this market in the next four years. These segments include water that has added ingredients like natural and artificial flavors, minerals, sugar, and vitamins. Moreover, the products in these segments are consumed as healthier alternatives to soft drinks. The functional bottled water segment is popular among health-conscious consumers as it is perceived to improve digestion, immunity, and also assists in weight loss.
Product segmentation and analysis of the bottled water market in South Africa
- Still unflavored water
- Sparkling flavored water
- Still flavored water
- Sparkling unflavored water
During 2015, the still unflavored water segment dominated the market and accounted for more than 61% of the market share in terms of revenue. Still
Outlook of the global dairy whiteners market
Dairy whiteners are available in the fluid and the dried form and are widely used as a substitute for fresh milk in tea, coffee, hot chocolate, and other food products like soups, sauces, puddings, and cereal dishes. The prospects for growth in this market will be driven by the growing consumption of tea and coffee globally. Dairy whiteners are utilized as a substitute for fresh milk in coffee and tea. Advantages like their convenience and portability, when compared to milk make them more popular among coffee and tea drinkers. With the increasing global demand for coffee, the market for dairy whiteners will have a positive outlook until the end of 2020. Extensive market research carried out by the analysts at Technavio has shown that the global market for dairy whiteners will grow at a moderate CAGR of nearly 6% by 2020.
In this market study, analysts have estimated factors like the growing infant formula market to impel the prospects for market growth until the end of the forecast period. Since dairy whiteners are extensively used in the production of infant formula, an increase in the global demand for infant formula will result in the increased demand for dairy whiteners during the predicted period. Factors such as rising infant population and birth rates in most geographic regions will increase the demand for infant formulas. This augmented demand for infant formulas will, in turn, spur the need for dairy whiteners until the end of 2020.
Segmentation by distribution channel and analysis of the dairy whiteners market
- Supermarkets and hypermarkets
- Convenience stores
- Food and drinks specialists
In 2015, the supermarkets and hypermarkets segment dominated this market and accounted for a market share of nearly 48%. Factors such as the growth of the organized retail sector, especially in the
Outlook of the global fresh milk market
Technavio’s market research analysts have estimated the global fresh milk market to grow at a steady CAGR of more than 3% over the forecast period. Increasing milk production worldwide is one the key factors driving the growth of this market. The abolished milk quota by the European Union and an increase in the number of dairy cows around the globe have led to an increase in production of milk. The milk market in the EU was regulated by a quota system whereby every member state had a national production quota. Any member state that exceeded its quota was required to pay a penalty to the EU. This system finally abolished in April 2015 which will directly impact the global milk production in a positive manner, thereby, spurring the growth of the fresh milk market in the coming years.
In this industry research report, the analysts have estimated factors such as the introduction of new flavors to bolster this market’s growth over the predicted period. Vendors are expanding their flavor portfolio by introducing new flavors, for instance, in March 2016, Prairie Dairy Farms launched two new flavors, strawberry créme and orange crème, of its Peeps flavored milk. Similarly, Natrel introduced new flavors such as maple, caramel latte, and dark chocolate to its flavored milk segment.
Product-based segmentation and analysis of the fresh milk market
During 2015, the unflavoured milk segment dominated the fresh milk market and accounted for a market share of close to 87% in terms of revenue. Factors such as the increasing awareness about healthy diets and the benefits of fresh milk consumption are expected to impel the growth prospects for this market until the end of 2020.
Geographical segmentation and analysis of the fresh milk market
Non-alcoholic drinks refer to beverages that have less than 0.5% alcoholic content by volume. This includes soft drinks, juices, ready-to-drink tea and coffee, bottled water, energy drinks, and non-alcoholic beer and wine. Rapidly changing lifestyles and increasing disposable income are two of the major factors fueling the demand for non-alcoholic drinks globally.
Technavio’s consumer data and market analysis advances your knowledge of the industry and its competitive environment and provides strategic insights on non-alcoholic beverages, non-alcoholic beer, non-alcoholic wine, non-alcoholic cocktails, and non-alcoholic malt beverages.