Food & Beverages Industry Highlights

The global  methionine market  is expected to reach USD 7.26 billion by 2022, according to a new report by Grand View Research, Inc. Increasing feed additives demand for maintaining adequate metabolism rate in livestock is expected to drive methionine market growth over the next seven years. Increasing meat consumption in Asia Pacific and Latin America is also expected to have a positive influence on the market growth. Recent animal disease outbreaks across various regions have also prompted the need to include methionine in animal feed.  Plants were major source of manufacturing methionine and accounted for over 85% of total market volume in 2014. Stringent government norms to ban fish silage and bone meal were primary factors for increasing penetration of plant based methionine in the global market. Plant based methionine is also expected to witness significant growth of 6.8% from 2015 to 2022.  Full Research Report On Global Methionine Market By Grand View ...

The global  dairy alternatives market  is expected to reach USD 35.06 billion by 2024, according to a new report by Grand View Research, Inc. Rising number of lactose intolerance cases and increasing consumer awareness towards health, is expected to drive the market growth over the forecast period. The global dairy alternatives market has numerous manufacturers, however is dominated by a few players including Blue Diamond Growers, Earth’s Own Food, SunOpta, Vitasoy International, and Whitewave Foods Company. New product launch with improved product texture, taste and flavors is the key strategy adopted by these players to maintain their market share. The U.S. Food and Drug Administration, and Food Canning Establishment Registration, and Scheduled Process Regulations, have laid down guidelines which are to be adhered by dairy alternative product manufacturers. The stringent regulations imposed on the manufacturing of dairy alternatives as they are directly consumed ...

The global  pet food market  is expected to reach USD 98.81 billion by 2022, according to a new report by Grand View Research, Inc. Growing trend towards pet adoption as a result of increasing number of nuclear families in emerging economies of Asia Pacific including India, China, Vietnam, and Indonesia is expected to drive the industry over the forecast period.  Rising need for nutritious, healthy, and organic food on account of increasing awareness towards pet health is expected to augment demand. Increasing life expectancy in the region has led to older generation adopting pets to guide them through routine chores; this is expected to fuel demand over the forecast period.  Innovations in specialty, premium and gourmet products, and packaging techniques are expected to propel growth in larger regions of the U.S., Europe, and Japan. In addition, focus on nutritive and functional pet foods and shift in preference towards dry pet food are key drivers for industry...

The  North America chocolate market   size is expected to reach USD 42.16 billion by 2025, according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 4.7% during the forecast period. Health benefits associated with consumption of dark chocolate, coupled with increasing demand for this product across various applications including confectionery products and flavored eatables, is projected to propel growth. Consumption of this product as a functional food owing to its nutritional content and stress relieving capability is expected to benefit the market. Increasing seasonal and festival consumption is also projected to fuel growth over the forecast period.  The bakery and confectionery industry in North America is predicted to grow over the forecast period, driven by rising preference of consumers for low-sugar confectionery. Chocolate products are expected to dominate the North American market owing to rising demand fo...

The global  sorbitol market  is expected to reach USD 3.99 billion by 2020, according to a new study by Grand View Research, Inc. Sorbitol is a preferred substitute for sugar in food and beverages owing to lower caloric values and natural sweetening properties. Additionally, increasing health awareness among consumers worldwide is expected to fuel market demand over the forecast period. Cosmetic and personal care was the largest end use application segment, accounting for over 600 kilo tons of sorbitol demand in 2013. Stabilizing, softening and surface active properties of sorbitol are the key reasons for growing use in the above applications. Sorbitol is also used as a preservative and low calorie sweetener in foods and accounted for over 537.9 kilo tons of sorbitol demand in 2013. Full Research Report On Global Sorbitol Market By Grand View Research: www.grandviewresearch.com/industry-analysis/sorbitol-market Further key findings from the report suggest: G...

Global  Curcumin market  is expected to reach USD 94.3 million by 2022, according to a new study by Grand View Research, Inc. Therapeutic properties of curcumin such as anti-inflammatory and anti-oxidant make them ideally suited for use in food and medical application. The market is expected to witness significant growth in light of the growing consumer awareness regarding the above mentioned therapeutic properties. Increasing demand for herbal and ayurvedic skin care products is also expected to boost demand for curcumin over the forecast period. Curcumin or turmeric extracts are also gaining importance owing to the lower bioavailability of raw turmeric which is mostly consumed in food products. Pharmaceutical was the largest application segment accounting for over 50% of the global volume owing to an increasing demand for curcumin based OTC supplements. Curcumin demand in food application also increased in 2014 in terms of absolute volumes on account of growing demand fo...

The global  dietary supplements market   is expected to reach USD 278.02 billion by 2024, at a CAGR of 9.6% from 2016 to 2024, according to a report by Grand View Research, Inc. Rising obesity rates in developed economies including the U.S. and Germany as a result of fluctuating dieting patterns along hectic work style among adults is expected to prompt the spending on nutritional supplements. Over the past few years, the high adoption rate of fast foods along sedentary lifestyle in emerging economies including China and India has led to the increase in the prevalence of cardiovascular disorders, diabetes, and obesity. As a result, the individuals among high socio-economic and upper-middle-class income groups are expected to perceive the nutraceuticals including dietary supplements as the alternatives to prescribed drugs. Vitamin supplements market revenue was more than USD 50 billion in 2015. Rising application of sports-related supplements for old-aged groups cou...