Food and Beverages Research

Market Analysis

Ice-cream is among the largest supermarket food categories which are generating high revenue. The rise in income, along with an increase in demand for sweet dishes, drives the growth of ice- cream market. Free-from and innovative flavors are the major trends in the industry. Frozen category holds major market share in ice-cream market. Ice-cream demand will grow at a progressive rate in the developing nations as the emerging economies such as India, China and Brazil have a lot of growth opportunity. Increase demand for the lactose-free product and rising demand for innovative flavors contributed to the growth of Ice-cream market.

With an increasing demand for new innovative flavors, market players are constantly innovating to meet the changing tastes and demand of the consumers. The growth of this industry is driven by the availability of various flavored ice creams. As a result, the ice cream consumers pay higher prices, which in turn increases the revenue of this market. However, the health concerns and availability of the product in Seasonality associated with ice creams restrain the market growth. Companies are keeping themselves focused on product labeling and innovative flavors product helps to increase their revenue. Increase in massive demand for ice-creams labeled as a clean label and free-from soy, gluten, artificial colors, synthetic flavors, artificial preservatives and genetically modified ingredients in the recent years.

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Competitive Analysis

The key market players profiled in

• Ice-cream are Nestlé S.A. (Switzerland),
• Unilever (U.K.),
• Blue Bell Creameries (U.S.),
• General Mills, Inc. (U.S.),
• Mars, Incorporated (U.S.),
• Amul (India),
• Lotte Confectionery (South Korea)
• Amy's Ice Creams (U.S.).

Key players in the global Ice-cream market are emphasizing to enhance their investment in product development in order to extend the product line. Also, the companies are also inclined to increase their footprint across the world by acquiring local and regional players. Apart from that, the companies are introducing their products in the developing economies in order to penetrate the untapped market. Most of the industrial players are diversifying and augmenting their capacities based on strategic product positioning and target audience.

The ice cream market is highly fragmented, due to the presence of a number of large- and small-scale manufacturers. It has been observed that the introduction of lactose-free ice cream has further increased competition in this market.

Latest Industry Updates

December 2017, Barry Callebaut signed the conglomerate agreement with Solo Gelato and aimed at new product ideas and innovative solutions

November 2017, Havmor Ice Cream Ltd has been fully acquired by South Korean major LOTTE Confectionery for INR 1,020 crore. Lotte will now expand its confectionary business in India to also include ice creams.

October 2017, Tetra Pak strengthens ice cream offering with acquisition of Big Drum Engineering GmbH, a leading supplier of filling machines for the industry.

June 2017, Swedish ice cream producer SIA Glass, has launched FizzyDizzy, a new range of innovative flavored ice cream products which creates trends with consumers’ tastes.

Market Segments

The global ice-cream market has been divided into shape, type, distribution channel, and region.

On The Basis Of Shape: Sticks (bars), Buckets, Sundae, Floats, and Frozen Novelties

On The Basis Of Type: Regular and specialty (free-from)

On The Basis of Distribution channel: Hypermarkets and supermarkets, Convenience stores, Specialty stores, and Others

On The Basis Of Region: North America, Europe, Asia Pacific, and ROW.

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Regional Analysis

The global Ice-Cream Market is segmented into North America, Europe, APAC, and Rest of the World (RoW). Global Ice-cream market is highly dominated by Asia-Pacific followed by North-America due to owing to rise in demand from the emerging economies. Middle East & Africa is expected to grow at a high CAGR and will be contributing high revenue by 2023. In the Asia-Pacific region, Australia is the most attractive market for ice cream manufactures. Moreover, the rise in disposable income and the introduction of new flavors from the manufacturers boost the market growth.

Market Overview

The market for Juice Extractors has been Increase in demand for healthy beverages, improved awareness of fruit and vegetable juices though various media platforms relating to nutrition, breakfast inclusions, weight reduction has been driving the juice extractors market. Growing importance and perceptions among consumer groups with respect to drinking of fresh fruit and vegetable juices has been encouraging the consumers to buy juice extractors and consume fresh juices homemade.  Hence, global juice extractors market is expected to grow at CAGR over 6% post the year 2022. 

In 2013, the US and China together accounted for 57% of total juice extractors export in the year 2015. Growing demand for new designs, convenience beverages has encouraged the juice extractor sales across various segments. Unique features of juice extractors including extra-large chute, durability, superior juicing process, specific fruit or vegetable juicing, multiple uses has further supported the market growth.

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Leading Key Players

The key players profiled in Juice Extractor market are

• BREVILLE,
• Omega,
• Hamilton Beach,
• Chefs Star®,
• Jack LALANNE,
• Cuisinart,
• Philips,
• Kenwood,
• Panasonic
• HUROM

Reasons to Buy

This report includes in-depth study of juice extractor market and its micro and macro-markets. It covers market segmentation by type, function, and blade material. It helps in identifying major consumption patterns, emerging technologies in the market. The report will provide useful and premium insights that will support in investments for juice extractor and allied companies providing details on the fast growing segments and regions. In addition, it will provide key findings that will help the companies to improve profitability by using supply chain strategies, cost effectiveness of various products mentioned in the report. The data used in the report is primarily based on primary interviews with the major producing companies and industry experts and also supported by authentic industry data from secondary sources

Key Findings

• Increase in health awareness and demand for convenience food and beverages specially during breakfast is supporting the market
• Secondary data reveals that among China, The U.S., Germany, Korea, and Italy together held a share of 69% in the year 2015 in the juice extractors export value
• Improved designs, advanced technologies, supply availability mainly through e-commerce and convenience features like clear juice container, cord storage/long cord, dishwasher safe, large chute, pulp regulator and other features are attracting consumers for buying juice extractors
• The global juice extractors exports have witnessed growth of 8.33% during the period 2011-15

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Market Analysis

Collagen peptides, also known as hydrolysed collagen, are small bioactive peptides obtained from the enzymatic hydrolysis of collagen. They have widespread applications in food & beverage, pharmaceuticals & nutraceutical and personal care industry. Moreover, increasing health consciousness, rising trends of self-medication and growing demand for bone and joint care products are some of the key driving factors for global collagen peptide market as with growing age human body tends to produce less collagen.

Collagen is a structural protein that ensures Cohesion, Elasticity and regeneration of connective tissues of the body, including Skin, Cartilage, Ligaments and bones. Growth in number of vegan and vegetarian consumers   is expected to be restraining factor   for the growth of the market.

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Key Players Strategy

• Cargill Inc. (US),
• Darling Ingredients (US),
• Kewpie Corporation (Japan),
• Ewald-Gelatine GmbH (Germany),
• TESSENDERLO Group (Belgium),
• Danish Crown (Denmark),
• Nitta GELATIN Inc. (Japan),
• GELITA AG (Germany),
• ITALGELATINE S.p.A (Italy)
• JUNCÀ Gelatines, S.L (Spain)

Regional Analysis

The global collagen peptide market has been segmented by region into North America, Europe, Asia-Pacific, and Rest of the World. The market in North America has further been segmented into the US, Canada, and Mexico.

Geographically, North America is anticipated to dominate the global collagen peptide market during the forecast period, owing to rising prevalence of chronic diseases in the region. The market in Europe is expected to be the second largest market due to increasing consumer preference towards functional and nutritional food products.

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Segmentation

Global collagen peptide market has been segmented into source, application, and region.

The market based on source has been segmented into animal-based collagen and marine-based collagen. Animal-based collagen is expected to dominate the source segment due to easy availability of raw material. However, marine-based collagen peptides are more bioavailable, fat and calcium-free, show better efficacy than animal-based collagen, and are a better option for medicinal purposes.

Based on application, the market is segmented into food & beverages, pharmaceuticals & nutraceuticals, personal care, and others. However, food & beverages is likely to be the fastest growing segment due to the growing demand for functional food among consumers. Moreover, wide use of collagen peptide in food processing industry, as a tendering agent in meat and poultry industry, storage stabilizer in confectionary and dairy industry is further supporting growth of this segment. Growing trend of preventive therapy, increased consumer understanding about nutrition, and demand for dietary supplements are expected to contribute to the growth of the pharmaceutical & nutraceutical segment.

Market Insight

Cider Market is estimated to grow at the CAGR of 3.5%. Growing popularity of alcoholic drinks, increasing number of pubs & bars across the globe are the key drivers of this market. However, increase in urbanization and globalization has increased the popularity of cider. Furthermore, women population prefer ciders, as ciders are sweeter and fruity in taste, this refreshing taste of cider is anticipated to drive the market during the forecasted period. Apple cider is made from the juice that is extracted from the pulp of pureed apples and further fermented. Additionally, apple cider vinegar is made from apple cider, which is used as a cure for some health conditions. The consumers in these mature markets are seeking for beer alternative which represents huge opportunity for cider drink. This huge application of cider in various sector, is estimated to drive the market during the forecasted period.

Globally, there is huge demand for alcoholic drinks, due to increasing trends of pubbing from the younger population has increased the consumption of ciders. Apple and pear ciders are the best sellers among all the fruit ciders, nevertheless consumers are now open to taste various fruit flavors & different combination. Apple cider will dominate the market; however, pear ciders will be highest growing segment during the forecasted period. Furthermore, sparkling ciders has shown huge potential in the market, followed by sweet ciders as ciders contains antioxidants, phytochemicals such as flavonoids, phenolic and carotenoids, these healthy doses of nutrients from cider is one of the key driving factors from this market.

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Major Key Players

The key players profiled in the Cider Market are as

• Stella Artois (Belgium),
• Bulmer (Scotland),
• Stella Artois (Belgium),
• Pimm (England),
• Carling (England),
• Rekorderlig (Sweden)
• Kopparberg (Sweden)

This report includes a study of strategies such as mergers and acquisitions, product launches by the major Cider market players. It further includes product portfolios, developments of leading major players which includes

Key Findings

Europe dominates the Cider market followed by North America

Europe occupies highest average consumption of Cider market share during the period 2011-2015

Regional Analysis

Cider Market is segmented into North America, Asia Pacific, Europe and rest of the world (ROW). Among these APAC region will highest growing market, but as cider is largely consumed in European countries, Europe will dominate the market. U.S., Canada, Australia and Japan are the major importers of cider in the world. Emerging markets like India and China have been considered as potential markets for cider due to growing demand for alcoholic drinks in recent years.

Segments:

Cider market has been segmented based on lime, source apple, pear, cranberry, mixed fruit and others

Cider has been segmented basis of by type Sparkling Cider, Sweet Cider, Dry Cider, Still Cider and others

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Market Insight

Fat-Replacers Market is estimated to grow at a CAGR of 6.3% over the forecast period. The amount of population suffering from obesity and other heart related problems is rising, which is a great concern for the increasing population. Increase in the demand for low-calorie and low-fat alternative used in food and beverages preparations and handling medical illnesses like hypertension, high blood cholesterol and other heart disease has surged the growth of the fat-replacers market in this region. These fat-replacers are prepared from plant and animal sources which commonly includes proteins, carbohydrates, lipids and other. They are available in different forms such as powder, liquids, and others.

Fat replacers are fat alternatives that have similar physical and chemical properties as compared to regular fat. Fat replacers are highly stable in nature and contain less calories. They are used in the production of low calorie & low-fat foods. Fat replacers are commonly prepared from proteins, carbohydrates, lipids and other sources and have a wide range of product applicability which includes dairy and frozen desserts, bakery and confectionary, snacks, beverages and others.

Asia Pacific region is projected to show a significant growth in the fat replacers market over the forecast period 2017-2023. India and China are leading this market and are expected to be dominating players over the review period as well. High availability of plant proteins in the region, used for manufacturing fat-replacers is the key driving factor in this region. Furthermore, change in the eating pattern and consumer shift towards convenience food is boosting the demand for fat-replacers in prepared foods in Asia Pacific market. However, the toxicity caused due excessive consumption of fat-replacers used in food products may hinder the market growth over the forecast period. Asia Pacific fat-replacers market is anticipated to grow at a CAGR of 6.0% during the forecast period 2017-2023.

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Fat replacers are fat alternatives that have similar physical and chemical properties as compared to regular fat. Fat replacers are highly stable in nature and contain less calories. They are used in the production of low calorie & low-fat foods. Fat replacers are commonly prepared from proteins, carbohydrates, lipids and other sources and have a wide range of product applicability which includes dairy and frozen desserts, bakery and confectionary, snacks, beverages and others.

Major Key Players

This report includes a study of strategies such as mergers, acquisitions, and product launches by the major fat-replacers players. It further includes product portfolios, developments of leading players, which includes

Some of the key players profiled in the Global Fat Replacers Market

• Kerry Group plc. (Ireland),
• I. du Pont de Nemours and Company (U.S.),
• Cargill Inc. (U.S.),
• Archer-Daniels-Midland Company (U.S.),
• FMC Corporation (U.S.),
• Ashland Global Holdings Inc. (U.S.),
• Pfizer Inc. (U.S.)

Key Findings

North America is the leading consumer of carbohydrate-derived fat replacers such as xanthan gum, guar gums and modified starches used as an ingredient for dairy & frozen desserts products. Fat replacers have several opportunities in the processed food industry

Segments

Fat replacers are segmented based on type, which includes carbohydrate, protein, lipid, and others. Among all, carbohydrate hold the major market share followed by proteins. The primary reason for the growth of carbohydrates is their extensive use in frozen desserts & dairy products. However, fat-replacers of protein origin is estimated to raise owing to its heat resistant properties which is widely used in frozen desserts & dairy products.

Based on source, the fat-replacers market is segmented into plants, animals, and others. In this segment, plant source segment is dominating the market owing to high availability of plant proteins. However, animal protein is costly, which restricts its use in food and beverages.

Based on the form, fat-replacers market is segmented into powder, liquids, and others. The powder form is dominating in this segment owing to its easy use and maintenance.

 Based on application, the fat-replacers market is segmented in dairy & frozen desserts, snacks, beverages bakery & confectionary and others.  Among all the applications, bakery & confectionary is dominating the market owing to increasing health awareness regarding good fats in the population. However, the demand for dairy & frozen desserts is predicted to experience a high demand owing to health benefits associated with the consumption of food products made from low calorie fat-replacers.

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Market Analysis

The global market for Frozen Bakery has witnessed continued demand during the last few years and is estimated to reach USD 21,842.82 Million by 2023, at a CAGR of 6.60% by 2023. Increasing demand for bakery products with high shelf-life and high demand for convenience food products is likely to drive the global frozen bakery market.

Due to growing demand for convenience foods, the frozen bakery market is growing at an incremental pace globally. Busy and hectic lifestyle have compelled consumers to opt for convenient food which has directly influenced frozen bakery market at global level. Consumers’ are increasingly shifting from fresh to frozen bakery products majorly due to their extended shelf life. Frozen bakery products facilitate readily thawing and baking, which saves cooking time for consumers, consequently augmenting the demand for the product. Additionally, the product quality and nutritional content remain intact which further attracts consumers’ attention.

Furthermore, the key manufactures’ have been active with new product launches in frozen bakery category. Therefore, a diverse range of products are available which has increased the popularity of the products among consumers. Also, a significant improvement in organized retail sector have been observed specifically in developing economies, which makes the product easily accessible for consumers, further contributing towards the growth of the market. Increasing inclination of consumers towards clean label and organic frozen bakery products owing to rising health and wellness trend across the globe offers opportunity to manufacturers for expansion of product portfolio which could support in increasing consumer base and revenue generation possibility.

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Major Key Players

The key players profiled in Frozen Bakery Market report are as

• Arista AG (U.S.),
• LANTMANNEN UNIBAKE, USA, Inc (Denmark),
• Grupo Bimbo SAB de CV (Mexico),
• VANDEMOORTELE Bakery Products (France),
• Flowers Foods, Inc. (U.S.),
• Rich Products (U.S.),
• EUROPASTRY Sa (Spain),
• General Mills, Inc. (U.S.)
• Associated British Foods PLC (U.K.)
• EUROPASTRY, S.A. (Spain)

The key market players have been active in launching new product to capitalize on the growing demand for frozen bakery products. For instance, FRISH Pizza Co. & Cookhouse introduced ready to cook frozen tawa pizza. Also, the company are opting for geographical expansion to increase their consumer base. Recently, PANETERRIA Foods Pvt. Ltd. introduced its first frozen bakery product line in India market. The demand for the frozen bakery is growing exponentially in emerging markets owing to increasing women workforce and rising disposable income. Therefore, expansion strategy to tap potential market in these economies would support market growth of frozen bakery products.

Latest Industry Updates

Jan 2018- PANETERRIA Foods Pvt. Ltd. launched its first frozen bakery product line in India market. Product varieties include Curry Crunch, Oriental Surprise, Peri Munch and Thyme Roll.

Dec 2017 Allied Bakeries introduced three loaf range under its ALLINSON brand, within wrapped bread category.

Jun 2017- Taste Direct introduced its frozen baking brand, namely Baking Agent which will provide wide variety of frozen ready to bake products including cookies, muffins, and scones.

Jan 2017-Goodfella’s introduced vegan frozen pizza in UK market

Nov 2016-Frish Pizza Co. & Cookhouse launched ready to cook frozen tawa pizza

Sep 2016- La Lorraine Bakery Group and MACROMEX joint venture La Lorraine Romania launched its third production line to produce Kaiser Rolls.

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Segments

Global Frozen Bakery Market has been divided into Type, Packaging, Distribution Channel and Region.

Based on Type: Bread, Rolls & Buns, Cakes & Cupcakes, Cookies & Doughnuts, Muffins & Cupcakes, Pies & Tarts, Sandwiches & Wraps, and Others

Based on Packaging: Boxes, Cartons, Pouches, Clamshell and others

On The Basis Of Distribution Channel: Store based and non-store based

On The Basis Of Region: North America, Europe, Asia Pacific and ROW.

Market Overview

Frozen Meat Market is expected to grow at the CAGR of 4.36%. Frozen meat market has witnessed substantial innovation in terms of new product launches along with research & development and collaboration. Also, the overall disposable income of the consumer is increasing over the past few years which in turn leads to surge in sales of frozen meat during the forecast period.

Frozen Food involves basic food chemistry under which food is conserved by a freezing process and kept in a freezer before cooking. Frozen meat offers better stock control, overcome the problem of seasonality and offers longer shelf life which allows advanced purchase and longer-term storage. Manufacturers invest in research and technical development and investigative activities to improve existing products and procedures to develop new products. Numerous research studies and analysis have been done in this field which was conducted by various regulatory bodies or authorities such as USDA. USDA has conducted comprehensive scientific and technological study of all the practices of the frozen meat industry with an objective to determine the safety of frozen meat and define certain standards for maintenance of the high quality of commercially packed frozen meats under the conditions of temperature and time to improve the efficiency of supply chain and food distribution. 

With strong economic growth, emergence of a large and prosperous middle class, increasing consumers’ cautiousness to spend along with high rates of migration from rural to urban areas has led to the influx of international retailers to the developing regions and has encouraged the construction of large volume of new retail real estate. In Asia-Pacific region, China is one of the most dynamic retail markets in the world, whereas India, Malaysia, Kazakhstan, Indonesia, and Turkey are also ranked higher in terms of retail development. Retail customers are more inclined towards buying cooked, semi-cooked ready-to-eat food, meat, and soups amongst the categories of available frozen products in the market. Also, increasing promotional activity by the retailers across the region has led to the rising consumer demand

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Leading Key Players

This report includes a study of strategies used in the market, mergers and acquisitions in frozen meat, multiple product launch by frozen meat market players. It further includes product portfolios and developments of leading major players which includes

The leading market players in the Global Frozen Meat Market primarily are

• Pilgrim’s Pride Corporation (U.S.),
• Tyson Foods, Inc. (U.S.),
• Cargill Incorporated (U.S.)
• Marfrig Group. (Brazil),
• Associated British Foods Plc. (U.K.),
• Kerry Group Plc. (Ireland)
• BRF S.A. (Brazil)

The market players have increased their level of investment in research to identify right formulation and to improve product functionality to capture lion’s share and create brand recognition in frozen meat market. Manufacturers indulge in maintaining transparency and allow food traceability in order to manage and mitigate risk and lowering the impact of recalls and lowering liability costs.  The global frozen meat market is segmented based on product type, end user, distribution channel and regions of frozen meat.

Regional Analysis

Frozen Meat Market is segmented into North America, Europe, Asia Pacific and Rest of the world. Among these, Europe is projected to retain its dominance throughout the forecast period. Europe is estimated to reach to USD 31.47 Bn by the end of 2023. North America is estimated to witness slow growth as compare to the other region. Asia Pacific region is projected to observe a massive growth during the review period of 2017-2023. Robust economic growth, rising urbanization, explosion of in the middle-class population are the significant factors of the growth of frozen meat in Asia Pacific region. China is projected to register a healthy CAGR of 5.01% during the forecast period. The growth is contributed by the increasing per capita disposable income and the substantial growth of organized retail sector.

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Market Insight

The global glycinates market share in the foods & feed industry is intensifying by the growing demand for functional food & feed additives in the developed & developing countries. Glycinates are found to have wide application in food & feed, amongst which the application in the production of functional food & beverages is increasing at a higher rate. Increasing prevalence of deficiency diseases among the growing population is found to be a key factor responsible for the growth of glycinates market. Furthermore, improved processing methods and demand for nutritive food products in the developing countries are positively supporting the growth of the global glycinates market. Additionally, restriction on the use of antibiotics in food & feed formulations in the North American & European region is adding fuel to the market growth. However, fluctuating prices of raw material and high cost incurred on the industrial setup may hamper the growth of the market. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 5.5% of the glycinates market during the forecast period 2017-2023.

Increasing demand for dietary supplements and nutritive food & feed is one of the major factors contributing to the growth of the global glycinates market. Additionally, the increasing demand for functional food & beverage and high-performance feed products has surged the demand for glycinates at a global level. Glycinates are serving as an important additive in most of the food, beverage, supplements, and animal feed products. Availability of glycinates in various forms has influenced the demand from various industries apart from food & feed industry.

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Key Players

Some of the key players profiled in the Global Glycinates Market

• Shijiazhuang Donghua Jinlong Chemical Co Ltd. (China),
• Schaumann GmbH & Co. KG. (Germany),
• NovoTech Nutraceuticals Inc. (U.S.),
• Ajinomoto Co., Inc. (Japan),
• Clariant AG (Switzerland),
• Dunstan Nutrition Ltd. (New Zealand),
• Aliphos Belgium SA/NV (Belgium)
• Albion Laboratories, Inc. (U.S.)
• BASF SE (Germany),
• Solvay SA (Belgium)

Segment

The global glycinates market is segmented into type, form, and application.

Based on the type, it is segmented into zinc, copper, manganese, magnesium, calcium, sodium, and others. Among all, the magnesium glycinate segment is dominating the market.

Based on the form, it is segmented into liquid, powder, and others. Among all, the powder segment holds the major market share due to its wide range product applicability including food, beverages, feed, supplements, and others.

Based on the application, it is segmented into foods, beverages, nutraceuticals, animal feed, and others. Among all, the feed segment is dominating the market.

Key Findings

Asia Pacific region is experiencing a high demand for glycinates as a feed additive

Application of magnesium glycinates in the dietary supplements industry is experiencing a higher growth rate

Nov 2017, BASF has arrived into a Distribution Agreement with Avitech Nutrition Pvt. Ltd., a leader in the field of animal nutrition in India, with expertise in feed additives, especially vitamin and mineral premixes, to extend its organically-bound trace elements (glycinates) product offering to feed producers in South Asia

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Regional Analysis

Glycinates Market is segmented into Europe, North America, Asia Pacific and rest of the world (RoW). The North American region is dominating the glycinates market followed by Europe. Increased demand for feed & food additives in the developed countries such as the U.S., the U.K, Germany and France has uplifted the glycinates market. Furthermore, the major key players are continuously involved in R&D activities to come up with new & enhanced products for wide range applicability.

Moreover, increasing demand for glycinates in foods, beverages, and dietary supplements is supporting the growth of glycinates market in countries including India & China of the Asia Pacific region.

Market Overview

Due to the health advantages associated with organic cocoa consumption, the market is growing at an incremental pace of development on the global stage. Owing to increasing health awareness among the consumer’s, the demand for organic and pure form of chocolate have increased. This in turn has a direct positive impact on the growth of organic cocoa market as a key ingredient. The sector is driven in a major way by the rising demand for healthy desserts with high nutritional value. Rising health concerns among the consumers and escalating popularity of organic commodities is identified to boost the demand for organic cocoa on a global platform. Health benefits gained out of organic cocoa consumption are the main drivers to the development of this segment. Organic cocoa is gaining its popularity based on its antioxidant value and polyphenol contents.

Organic cocoa is associated with healthy functioning of the heart and imparts health advantages such as reduction of the cholesterol level. However, the declining production of cocoa possess a major threat on this market. Economic as well as weather conditions plays vital role in the production of organic cocoa. Unfavorable weather is the major cause for the declining production capacity of organic cocoa in several countries. Owning to this, production capacity of organic premium chocolate is declining.

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Major Key Players

With the entry of new industry players in the organic cocoa segment, the demand from various food and beverage manufacturers have increased based on consumers trending demand for natural and chemical-free pure form of chocolates. Major strategy followed by the key players is identified to be increasing their production capacity as well as product promotions to spread awareness about the health benefits gained from cocoa consumption. The best long-term growth opportunities for this sector can be captured by ensuring ongoing new product launch and R&D investments.

The key players profiled in Organic Cocoa Market are

• CONACADO AGROINDUSTRIAL SA (Dominican Republic),
• Olam (Uganda) Limited (Uganda),
• BT Cocoa (Indonesia),
• TRADIN Organic Agriculture BV (U.S.),
• Barry Callebaut AG (Switzerland),
• BLOMMER chocolate company (U.S.)
• Mars Inc. (U.S.)

Latest Industry Updates

Jan 2018 following the strategy of product innovation to capture consumers’ attention towards the product line, Natierra launched organic dark chocolate covered freeze-dried fruit slices. The product is manufactured by using 55% of cacao dark chocolate which is organically sourced.

Dec 2017 In order to enter into the organic chocolate market and generate high revenue, Alter Eco announced the launch of their organic and fair-trade dark chocolate coconut clusters which are made available in three new flavors.

Aug 2016 One of the renowned manufacturers of organic chocolate- Seed and Bean launched their chocolate range with three new flavors. Innovations in flavors is one of the key strategies adopted by the manufacturers to expand their consumer base.

Jan 2016 Chuao Chocolatier- announced the launch of their beauty-inspired, organic chocolate bar line called “Lovely”. The chocolate is available in three varieties and is prepared with 72% rainforest alliance certified dark chocolate.

Market Segments

The global organic cocoa market has been divided into form, application and region.

On The Basis Of Form: Cocoa Butter, Cocoa Liquor, Cocoa Powder and Others

On The Basis Of Application: Functional Food & Beverages, Personal Care Products, Bakery & Confectionery, Pharmaceuticals, and Others

On The Basis Of Region: North America, Europe, Asia Pacific, and ROW.

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Regional Analysis

The global Organic Cocoa Market is segmented into America, Africa and Rest of the World (RoW). Global organic cocoa market is highly dominated by America due to high production capacity and cultivation of organic certified cocoa in the region. America is also fastest growing region due to changing lifestyle and increasing health awareness in the region. The production of organic cocoa in Africa is anticipated to grow at a high rate in the upcoming years.

Market Analysis

Organic soybean has gained high traction in recent years, and the global organic soybean market is expected to reach a valuation of USD 2210.53 Mn at a CAGR of 17.71% by the end of 2022, asserts Market Research Future (MRFR) in a detailed study.  Organic food sales have exhibited rapid growth in recent years since they serve a variety of functions in the global food chain ranging from a protein source to its use in livestock feed. Soybeans produce more protein than any other plant which makes them a popular source of protein. The fact that it is animal-free source of protein adds to the popularity of soybeans.

The young population is highly inclined towards the consumption of organic food products which stimulate the growth of the market. Also, the involvement of small-scale suppliers in the supply chain is expected to reflect positively on the growth of the market. The emerging market for organic food items provides considerable market space for the growth of the global organic soybean market. In response to the growing consumer awareness regarding organic food consumption, farmers are switching to organic crop production methods stimulating the market for organic soybeans.

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On the other hand, the growth of the market might be hindered by soy lecithin allergy associated with the consumption of soybean which limits the market growth. Besides, acquiring organic certification from regulatory bodies is a tedious and time-consuming process and involves high fees due to which farmers do not opt for certification. Fluctuations in soybean yield due to the tropical environment, insects, low fertility and others pose a challenge for the growth of the market. Meanwhile, considerable investment in R&D and new product development is expected to provide lucrative growth opportunities to the global organic soybean market.

Key Players

The remarkable players in the global Organic Soybean Market include

• Sapthsathi Organic Agriculture project (S.O.A.P.) (India),
• Soni Soya Products Pvt Ltd (India)
• Perdue Farms (U.S.),
• Grain Millers Inc. (U.S.),
• AFG Brasil S/A (Brazil),
• Pilgrim's Pride (U.S.),
• Tyson Foods Inc. (U.S.)

Regional Analysis

North America, Latin America (LATAM), Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA) are the key markets for organic soybean.

Latin America accounts for more than 40% share of the global market and is anticipated to be the largest market for organic soybean. The high adoption rate of organic food and healthy food consumption trend in the region is generating high demand for organic soybean which is proving vital for the growth of the LATAM market.

North America follows LATAM closely, and the growth of the North America market can be attributed to surging consumer awareness regarding healthy food consumption and a steady increase in demand for organic food products.

In APAC, incessant growth in demand is being witnessed which will help the market achieve the highest CAGR of 18.68% over the forecast period. India is one of the largest producers as well as exporter of organic soybean.

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Segmentation

The Global Organic Soybean Market has been segmented on the basis of application which includes food-based, feed-based, and crush-based.

Application-wise, the crush-based segment accounts for the largest share of almost 80% of the global market. Heightened demand for crush-based organic chocolate in the confectionery and bakery industry is the prime drive for the growth of this segment. Consumers are increasingly giving preference to chemical-free, healthy ingredients which is creating a conducive environment for the growth of this segment. The crush-based segment is expected to capture a CAGR of 15% over the forecast period.

The feed-based segment is the second largest segment and currently stands at USD 150 Mn.

The food-based application segment is likely to be the fastest growing segment and is expected to register a CAGR of 18.68% over the forecast period

Market Overview

Market Research Future (MRFR) recently published a report on the global smoothie market where they have revealed that the market is expected to generate substantial CAGR during the forecast period (2018-2023). At the same time, the market valuation is showing significant signs of exceeding the predicted worth by the end of 2023. A smoothie is a thick beverage made using fruits and vegetables. The drink is rich in vitamins, fiber, and other nutrients. Its health benefits have made it popular among consumers who are now opting for smoothies. Rapid urbanization, along with industrialization, has drastically changed lifestyles which has now progressing with lightning speed. This has reduced the time for having healthy foods for consumers. Smoothies are easy to prepare and manufacturers are keeping an eye on reducing preservatives in its making process to make it healthier.

Among factors, growing number of smoothie bar can change the ball game for the market. People are now opting for such drinks as it less time consuming and these bars are reliable as they are making it without preservatives. Many of them customization option available. In addition, companies are trying to lure in consumers with attractive packaging design, variety of flavors, and other marketing strategies. Such factors can ease the path for the smoothie market and help it move forward without much hassle. 

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Competitive Landscape

Significant smoothie market influencers, as recorded by MRFR in their report, are

• Barfresh Food Group (US),
• Bolthouse Farms, Inc. (US),
• Smoothie King (US),
• Innocent Drinks (UK),
• Crussh (Australia),
• MTY Food Group Inc. (Canada),
• Suja Life, LLC (US),
• Jamba Juice Company (US),
• Tropical Smoothie Café (US)
• Boost Juice (Australia)

Industry News

In February 2019, the Coca-Cola Company launched their new smoothie line and enriched their existing Simply Beverages portfolio. Initially, they are starting with three flavors; strawberry banana, mango pineapple, and orchard berry.

Segmentation

MRFR, in their discussion on the global smoothie market, segmented the market by type, packaging, and distribution channel.

Based on the type, the global smoothie market can be segmented as fruit-based, vegetable-based, and blends. The fruit-based smoothie segment is the dominant one and is expected to retain its supremacy during the forecast period. However, preference for leafy vegetables for diet can bolster the growth of vegetable-based smoothie segment.

Based on the packaging, the global smoothie market comprises bottles, pouches, and others. The bottles segment holds the maximum market coverage and is getting traction substantially from the manufacturers as they are launching new designs to attract consumers. Meanwhile, the pouches segment is also heading for a strong growth as smoothie in pouches are easy to carry.

With a focus on distribution, the global smoothie market can be segmented into store-based and non-store-based. The store-based segment comprises supermarkets/hypermarkets, specialty stores, and others. The segment is expected to dominate the global market with supermarkets or hypermarkets controlling the global market. However, the advent of smoothie bars can take the specialty stores section ahead substantially.

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Regional Analysis

MRFR, in a region-specific analysis of the global smoothie market, included North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW). The aim is to provide a holistic report based on the volume-wise and value-wise market analysis.

Increasing health-conscious population in North America is expected to back the regional market growth in the coming years. North American market is anticipated to dominate the market during the forecast period. The U.S. is the major contributor of the region and the growth can be attributed to the increasing number of smoothie bar and changing consumer intake pattern owing to a fast-paced life propelled by urbanization. 

The APAC smoothie market is expected to grow as the rise in health-conscious population has become quite substantial. Countries such as China, Japan, and India are expected to take the regional market forward as the trend of adopting smoothie instead of carbonated water is getting substantial traction.