Tuesday 31 July 2018

Sodium Caseinate Market – Size, Share, Outlook, and Opportunity Analysis, 2018 – 2025

Sodium caseinate is a light yellow odorless powder, which is produced by neutralizing sodium carbonate or sodium hydroxide to make it solubilize in water. Sodium caseinate powder has long shelf life, high nutritional value, and essential amino acids. It has properties such as foam stability, high solubility, water binding capacity and emulsifying properties used in food and pharmaceutical industry. Sodium caseinate is approved by the Food and Drug Administration (FDA) and the Food and Agriculture Organization of the United Nations to be used as binder, emulsifier, and whipping agent in food products.
Market Dynamics
Increasing demand for sodium caseinate in food and beverages industry is expected to be a major factor driving growth of the global sodium caseinate market over the forecast period, owing to the use of sodium caseinate, as food additives in ice-cream, meat, cheese, biscuits, and bread. For instance, according to the Ministry of Food Processing Industries (MOFPI), the total consumption of food and beverages in India was valued at US$ 369 billion in 2017 and is expected to increase to US$ 1.142 trillion by 2025.
However, availability of alternatives such as calcium caseinate and potassium caseinate is a major restraining factor affecting growth of the market.
Market Outlook
Among end-use industry, food and beverages segment held a significant market share in the sodium caseinate market across the globe in 2017 due to the increasing demand for food additives in dairy and functional foods. Sodium caseinate is used as nutritional supplements, thickener, and texture stabilizer in foods such as coffee creamer, yogurt drinks, cakes, ice cream, and seafood products. For instance, according to Coherent Market Insights, the global food additives market was valued at US$ 45.05 billion in 2016 and is expected to expand at a CAGR of 4.47% during forecast period.
Asia Pacific is the fastest growing region in the global sodium caseinate market, owing to the government initiatives for safety standards of food and rising demand for sodium caseinate in emerging economies such as India and China. According to the United States Department of Agriculture (USDA), National Health and Family Planning Committee of China issued the National Food Safety Standard for Food Additive Use (GB2760-2014), which included sodium caseinate and was implemented on May 24, 2015.
Europe held a significant market share in the global sodium caseinate market in 2017, owing to the rising demand for sodium caseinate in cosmetics and personal care products. Sodium caseinate (SO153) is a sodium salt of casein that is applicable in bath oils, tablets, and salts, and eye makeup products. For instance, according to the United States Department of Commerce, Germany cosmetic industry was valued at US$ 14.3 billion in 2016 and the natural cosmetic products segment in Germany has great opportunities for U.S. exporters with annual growth of 9%.
North America held a significant market share in the global sodium caseinate market in 2017 due to increasing demand for confectionery products across the region. Sodium caseinate has strong hydrophilicity and emulsification properties that is used in meat and aquatic meat products to improve emulsion property. For instance, according to the United States Department of Agriculture (USDA), the top three U.S confectionery markets are Canada, Mexico, and South Korea. Canada accounted for 42%, followed by Mexico at 16%, and South Korea at 5% of total confectionery market.
Key Players
Key players operating in the global sodium caseinate market include AMCO Proteins, Seebio Biotech (Shanghai) Co., Ltd., Lactoprot Deutschland GmbH, TATUA Co-Operative Dairy Co., Ltd, Ornua Co-operative Limited, Charotar Casein Company, Erie Foods International, Inc., Clover Fonterra Ingredients Proprietary Limited., FrieslandCampina DMV, and Farbest Brands.
Key players are strategically investing in mergers and acquisitions to enhance their market share and retain dominant position in the market. In September 2013, Lactoprot established its subsidiary Dairyfood GmbH and in 2014, Lactoprot Deutschland GmbH acquired Arla Foods to expand its product portfolio in food ingredients in German food industries.
About Coherent Market Insights:
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Petroleum Resins Market - Global Trends, and Forecast till 2025

Petroleum resins are low molecular weight thermoplastic hydrocarbon resins obtained from cracked petroleum fractions. It has a tackifying effect, which is slight sticky effect and hence, is used in coatings, paints, varnishes, printing inks, paper, lithographic inks, adhesives, concrete curing compounds, rubber, and other applications. It is available in powders, crushed nuggets, flakes, solid block, beads, solutions, and dispersions forms.
Increasing use of petroleum resins for application in different end-use industries including automotive, construction, and consumer goods among others for coating, waterproofing and rubber compounding is driving growth of the petroleum resins market. Growing demand for petroleum resins containing low volatile organic compounds (VOCs) due to stringent government regulations on VOCs emissions such as Directive 1999/13/EC for VOCs emissions from vehicle coatings and others is further fuelling growth of petroleum resins market. Volatility in the cost of raw materials is one of the major factor restraining growth of the global petroleum resins market.
Aliphatic C5 resins accounted for the highest market share in 2016. This is due to advantages of aliphatic C5 resins such as better glutinosity, good anti-ageing properties, fluidity, low volatility, and minimized odor. These are used in hot-melt adhesives, pressure sensitive adhesives, solvent-based adhesives, rubber damping pieces, rubber for inner tube of tires and other applications.    
Adhesive and sealants accounted for the largest market share over the forecast period. Petroleum resins are used as tackifiers in adhesives and sealants to improve tack, peel strength, specific adhesion, balance adhesion and cohesion, enhance high temperature performance, and decrease cohesive strength.
Automotive industry accounted for the highest market share in 2016 owing to the use of petroleum resins in rubber compounding to enhance modulus of the compound and chipping resistance. According to the International Organization for Motor Vehicles Manufacturers (OICA), the global motor vehicle production was 90,780,583 in 2015, which increased to 94,976,569 in 2016. This growth in motor production is increasing demand for petroleum resins in the automotive industry.
Asia Pacific is the dominant petroleum resins market owing to increasing demand from various application segments such as paints, sealants, adhesives, coating from automotive and construction industries. For instance, according to India Brand Equity Foundation — a trust established by the Department of Commerce, Ministry of Commerce and Industry — the passenger vehicle production in India is expected to increase US$ 10 million in 2020 from US$3.2 million in 2015. Also, according to the International Trade Association, Department of Commerce, the total automotive market size in 2015 was 24.94 million units, which increased to 28.36 million units in 2016. Thus, rapid growth in automotive industry in India and China is driving growth of the petroleum resins market in Asia Pacific.
North America is the second largest petroleum resins market due to growing demand from the automobiles industry. For instance, according to International Organization for Motor Vehicles Manufacturers (OICA), the total automotive sales in the U.S. and Canada was 19,785,141 in 2015, which increased to 19,849,518 in 2016.
Demand for petroleum resins for applications in adhesives and sealants is increasing in the Europe market. According to the European Adhesive and Sealant Industry (FEICA) the European adhesive and coating market was valued at US$ 16,019.03 million in 2014 and accounted for the market share of 35%.
Asia Pacific held the largest revenue share of 38.39% in 2016 and is expected to retain its dominance over the forecast period.
Key market players in the petroleum resins market are adopting various strategies such as joint venture, new plant development, and capacity expansion for business expansion. For instance, in May 2017, Rain Carbon Inc. announced construction of new capacity for hydrogenated hydrocarbon resins in Uithoorn, the Netherlands. In December 2016, Rufayah Chemicals Company (RCC) and Sadara Chemical Company signed a deal to set up hydrocarbon resin plants at Jubail in Saudi Arabia’s Eastern Province at investment of US$ 500 million; and in March 2014, ExxonMobil Chemical set up a new facility for  Escorez hydrogenated hydrocarbon resin production with capacity of 90,000 tons per year in Singapore.
Key market players in the global petroleum resins market are Arakawa Chemical Industries, Eastman Chemical Company, Exxon Mobil Corporation, Ltd., Kolon Industries, Inc., Lesco Chemical Limited, Zeon Corporation, Seacon Corporation, Neville Chemical Company, Total Cray Valley, and Anglxxon Chemical Co., Ltd.
About Coherent Market Insights:
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Monday 30 July 2018

Sol-gel Coatings Market - Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018 – 2026

Sol-gel coatings are combination of inorganic and organic compounds prepared by sol-gel technology. Sol-gel process is used to convert small molecules to solid materials and involves converting monomers into colloidal solution, which acts as precursor for network of particles. Sol-gel derived coatings have characteristics such as antifungal, antibacterial, wear resistance, UV protection, semiconducting or conducting, antistatic and others. They also show good oxidation control and chemical stability. They can be applied on substrates such as ceramics, metals, and plastics using various techniques such as dipping, inkjet printing, and spin coating. Some applications of the sol-gel coatings are production of interference mirrors for optical systems, anti-reflection treatment of glass, conductive films in electronics and various types of protective coatings such as waterproof, corrosion resistant and anti-scratch among others.
Rising demand for various sol-gel coatings such as self-cleaning, corrosion resistant, and IR and UV energy resistant from the automotive and aerospace industry is driving the growth of sol-gel coatings market. Moreover, sol-gel technique is environment friendly method for the protection of surface and can be used to replace toxic pretreatments and coatings such as chromate conversion coatings, which in turn has augmented the growth of this market.  Furthermore, increasing demand for nanostructured thin films and water-based coatings is propelling the growth of sol-gel coatings market. However, high cost of these coatings is restraining the growth of sol-gel coatings market.
The automotive industry is the largest end user of sol-gel coatings, owing to their applications in coating metal parts, paint surface treatments, metal structures, lamps, mirrors, and plastic hoods. For instances, sol-gel coatings containing fluorine functionalized alkoxy silane are used in the windshield and side mirror while low refractive index material coatings are is used in the rear-view mirrors.
Sol-gel Coatings Market Outlook
North America is the largest market for sol-gel coatings, owing to the stringent U.S. Environment Protection Agency (EPA) and US Food and Drug Administration (FDA) regulations such as 183(e) of the Clean Air Act (Act), which is increasing the demand for environment friendly coating such as sol-gel coatings. Also, the increasing demand from automotive and aerospace industry is further driving the growth of sol-gel market in this region. According to International Organization of Motor Vehicles Manufacturers (OICA), representative of global automotive industry, the registration and sales of new vehicles in Canada was around 1,939,517 1 in 2015, which increased to 1,983,745 in 2016.
Asia Pacific is the fastest growing region in sol-gel coating market due to the growing demand for coatings from various end-use industries such as automotive, building and construction, and others. According to the India Brand Equity Foundation (IBEF), the automobiles industry in India is expected to reach US$ 260 to 300 billion by 2026 and the electronics market is expected to reach US$ 400 billion in 2022. Also, according to the International Organization of Motor Vehicles Manufacturers (OICA), total motor vehicle production in China was 24,503,326 in 2015, which increased to 28,118,794 in 2016. Increasing demand for automotive industry in India and China is fuelling the growth of sol-gel coating market in this regionEurope is a lucrative sol-gel market owing to the rising demand for environment friendly coating materials due to the stringent environmental regulations. For instance, Directive 2004/42/EC of the European Parliament which limits the emissions of volatile organic compounds (VOC) in vehicle refinishing products, paints and others thereby driving the market for coatings low or free of VOCs such as sol-gel coatings.
Key players operating in the sol-gel coating market include 3M Company, Akzo Nobel N.V., PPG Industries, Inc., Socomore S.A.S., CG2 NanoCoatings Inc, CMR Coatings GmbH, Praxair, Inc., Nano Tech Coatings GmbH, Nanovations Pty Ltd., and Nanogate AG.
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Friday 27 July 2018

Phytonutrients Market – Size, Share, Outlook, and Opportunity Analysis, 2018 – 2025

Phytonutrients, originated from Greek word ‘phyto’ (plants), plays an important role in plants by protecting them against insect attacks or UV rays. Phytonutrients, organic compounds especially found in plants, are important to promote human health. Phytonutrients are antioxidants & anti-inflammatory agents, which helps in enhancing immunity & intercellular communication within the human body.
Market Dynamics
Multiple health benefits offered by phytonutrients is a key factor driving phytonutrients market growth. Phytonutrients help to stay healthy & energetic by protecting against aging effect. Extensive researches in the field of medical sciences have proven benefits of carotenoids, flavonoids, and other phytonutrients in curing chronic diseases such as cancer, heart stroke, high blood pressure, and diabetes. For instance, a study conducted by the University of California Los Angeles found that daily consumption of 8 ounces of pomegranate juice increased the stability of prostate antigens in prostate cancer survivors by nearly four times when compared to those who did not consume phytonutrients. Owing to such benefits, phytonutrients are extensively adopted in pharmaceutical drugs and dietary supplements. Therefore, rising prevalence of such diseases across the world is projected to boost demand for phytonutrients over the forecast period.
Bulk availability of feedstock across the globe is creating immense opportunity for growth of phytonutrients market. According to the United States Department of Agriculture Report on World Grain Market and Trade 2018, world’s total production of coarse grains in 2016-2017 was pegged at 1,369,834 thousand metric tons.
However, phytonutrients are not suitable for everyone and excessive intake of these may lead to allergy or unconsciousness, which is a major challenge affecting the market growth.
Market Outlook
Among product types, carotenoids segment accounted for the highest market share in the market in 2017. Carotenoids such as beta-carotene, lycopene, lutein, and zeaxanthin prevent the onset of cancer and eye defects. Other notable health benefits include improved cardiovascular health, increased fertility, and skin health.
Among end-use industries, food & beverages segment dominated in the market in 2017. Owing to extensive applications of phytonutrients in the manufacturing of functional food, beverages, and dietary supplements, the segment is projected to have dominant position in the market over the forecast period.
Europe held highest market share in the global market in 2017. The region is projected to maintain its dominance over the forecast period, owing to increasing demand for organic food products. The organic retail sales in Europe was US$ 30.85 billion in 2014, as estimated by The International Federation of Organic Agriculture Movements.
Asia Pacific is projected to be the fastest growing region in the market over the forecast period. Key factors such as bulk availability of raw materials, increasing population, and rapid penetration of food & beverages and pharmaceutical companies into emerging economies such as China and India are creating immense opportunities for growth of the market. According to the India Brand Equity Foundation 2017 report on food processing, India is world’s 2nd largest producer of fruits and vegetables. The government expects the processing in this sector to grow by 25 per cent of the total produce by 2025. In 2015-2016, the total production of horticulture sector was pegged at 282.5 million tons.
Key players in Global Phytonutrients Market
Key players operating in the global phytonutrients market include FMC Corporation, Royal DSM N.V., Raisio Plc., Archer Daniels Midland Company, Cargill Inc., BASF SE, DowDuPont Inc., Kemin Industries, Chr Hansen A/S, and Sabinsa Corporation
Key market players are launching new phytonutrient products, in order to meet the rising demand for phytonutrients from consumers. For instance, in October 2016, Archer Daniels Midland Company launched a unique line of fruit & vegetable extracts enriched in beta-carotene & anthocyanins for variety of applications in food, beverages & dietary supplements. Such activities by key players are fueling growth of the market.
About Coherent Market Insights:
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Thursday 26 July 2018

Tube Packaging Market Industry Insights and Key Players 2018-2025

A tube is a soft container that can be squeezed and utilized for the packing of thick liquids such as glues, sealing, ointment, and toothpaste. A tube is a hollow structure, both ends of which are treated differently during the manufacturing process and filling. A tube has a round orifice at one end that is closed with the help of a cap. The orifice can be shaped in many different ways, for instance, plastic nozzles that of varied styles and lengths. The other end of the tube is folded, to seal after the contents are added. Tube packaging containers are modified with production, labeling, punching, slicing, and crimping to create an attractive package.A thread is mostly tapped onto the opening structure in order to attach caps and closures. Tube packaging contains no germs due to the high temperatures during the production process. As it is possible to coat the inside of a tube with special coatings, the tube does not react with its contents.
Toothpaste, cosmetic creams, food items, gums and glues, ointments, and cleaners use tubes for their packaging. Increased cosmetic and toiletry production is one driver contributing to growth of the tube packaging market. Excellent barrier protection, extremely elastic project and ease of packaging makes tubes a highly sought after packaging option. The key factors driving growth of the tube packaging market are growth in flexible packaging and innovative packaging.
Squeeze tubes are the major growth drivers of the global tube packaging market. Squeeze tubes have efficient properties such as resilience, non-poisonous, and convenient application. The cosmetics & oral care industries are the biggest contributors towards growth of the global tube packaging market. Laminated tubes are used the most as a result of its multi-layered barricade arrangement, which reduces the transfer of oxygen and light. As compared to other methods, laminated printed tubes look clearer and brighter, in turn improving the visual value of the tube. The increased use of tubes in beauty products and toiletries, support the growth of the tube packaging market as these end users represent a major share of the tube packaging market.
Market outlook
The European market accounts for the largest share of global tube packaging market due to its large-scale use in various healthcare and toiletry products. However, due to technological developments in this region, the market is now maturing in the European countries. However, the recovering economies post-recession are expected to boost the growth of the tube packaging market.
In Asia -Pacific, the tube packaging market in growing at a huge pace in emerging markets of the region such as China, India, and Japan. The reason for the market is the increasing middle-class population of the region and increasing incomes, which drive the demand for easy and safe packaging, subsequently driving growth of the tube packaging market.
In Latin America, the growth of the tube packaging market is credited to influences such as improving living conditions, coupled with rising disposable income of the working population in its emerging economies.
The African region is represented by a strong growing demand for various healthcare products in South Africa. The developing economies in this region could provide the tube packaging market with various growth opportunities due to investments made by companies to improve. Africa is the home to major companies such as Nampak, which further boost the growth of the tube packaging market. The Middle East proves to be an attractive market due to the growing urbanization and availability of disposable income
Recent developments in the tube packaging market include the deal between J&J and Dr Ci Labo in 2016. This would improve J&Js influence in the global skin care market. This in turn is projected to drive the demand for the tube packaging market, in Asia. Some major tube packing players include Albea Group, Alcan Packaging, Amcor, Constantia Flexible, Custom Paper Tools, Essel ProPack, Sonoco Products Company, and Unette Corporation.
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Citric Acid Market - Size, Share, Outlook, and Opportunity Analysis, 2018 – 2025

Citric acid is a weak organic acid predominantly used in food, beverages, cosmetics, pharmaceutical, and chemical applications. Citric acid is a natural preservative, chelating agent, flavoring agent, and acidulant. Naturally citrus acid occurs in citrus fruits such as grapes, oranges, and lemons. Industrial production of citric acid is carried out by fermentation of A. Niger. Citric acid is among the most widely used food additive worldwide and is approved as Generally Recognized As Safe (GRAS) by the U.S. Food and Drugs Administration.
Food and beverages segment held a market share of around 73% in the global citric acid market. Carbonated soft drinks accounted for major share in food and beverage segment. The pharmaceutical industry utilizes citric acid as an excipient due to its anti-oxidant properties. Citric acid also being a chelating agent is used in detergents and soaps. It is used in home care materials and is also utilized for regeneration of ion exchange materials in water softeners.
Market Dynamics
Increasing adoption of citric acid by food industry has contributed to its market growth. The food industry utilizes citric acid for fermenting, catalyzing, preserving, and flavoring. The use of citric acid in food & beverages increases the shelf life of products by creating an acidic environment, which is non-conducive for microorganism survival.
Utilization of lactic acid as a substitute for citric acid is expected to hinder growth of the citric acid market. Lactic acid is also used as a food preservative, curing agent, and flavoring agent. Moreover, concerns regarding using Genetically Modified Organism (GMO) sources for sucrose and glucose, which is used in the citric acid manufacturing process may restrain growth of the citric acid market.
Market Outlook
Europe held the dominant position in for citric acid market in 2017. The region is expected to account for around 28% of the global citric acid demand. This is largely due to the thriving food & beverage industry in the region. According to European Union statistics, the food industry in European Union was valued at US$ 1.08 trillion in 2014. The region also had a trade surplus of around US$ 35 billion due to the food & beverages industry
Asia Pacific is projected to be the fastest growing region in citric acid market due to the fast growing food & beverages industry in the region. According to Indian Brand Equity Foundation (IBEF), India’s was the sixth largest food & beverage industry in the world. China was the largest producer of citric acid in 2016, and it is projected to maintain its dominance in terms of production over the forecast period. According to UN Comtrade statistics, China held a share of around 48% in world exports of citric acid. India, Japan, and European Union were among the major importers of citric acid from China. Players based in China are focused on geographic expansion. Anhui BBCA Biochemical Co., Ltd in 2014, commissioned a 60,000 ton/year plant in Hungary. The plant will serve the food processing industries in Central and Western Europe.
Key Market Players
Market players have responded to the steadily increasing market demand for citric acid by capacity expansions. Jungbunzlauer Suisse AG in 2018, announced the plans for a new citric acid manufacturing facility in Austria. Companies in China, which is projected to be among the fastest growing countries in the citric acid market have announced expansion to existing capacities. For instance, RZBC Group Co. Ltd. completed its capacity expansion in 2014. The total capacity of the company reached 250,000 mt/year, equivalent to 23% of the total capacity for citric acid in China.
Major players operating in the global citric acid market include Tate & Lyle plc, Jungbunzlauer Suisse AG, Cargill Inc., Archer Daniel Midlands Company, Anhui BBCA Biochemical Co. Ltd., Gadot Biochemical Industries Ltd., Huangshi Xinghua Biochemical Co.Ltd., and RZBC Group Co., Ltd.
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Wednesday 25 July 2018

Halal Cosmetic Products Market Trends and Demand 2018-2026

Halal stands for lawful or permissible in Arabic language. Halal cosmetics products are gaining popularity among consumers as they offer excellent advantages over most conventional cosmetics products. For instance, being alcohol free, halal cosmetics are less likely to irritate sensitive skin. Moreover, halal cosmetic products are not tested on animals and completely based on health and ethical benefits.
Consumers are shifting their preference towards halal cosmetics, owing to increasing awareness regarding harmful effects of synthetic cosmetics such as skin allergy, respiratory distress and various others. Also, increasing demand for halal cosmetics in South East Asian countries such as Indonesia and Malaysia and marketing activities by key players to tap potential market into Middle East are driving growth of the global halal cosmetic products market.
Regional government cosmetics standardization authorities have executed strict regularity requirements on halal cosmetics. For instance, in 2017, Dubai Central Laboratory launched a new testing services in order to verify halal cosmetics for their quality and safety. Such regulatory requirements are a major challenge for small and medium scale cosmetics manufacturers. Furthermore, lack of awareness regarding halal cosmetics and dominance of other cosmetic products in the market is retraining growth of the global halal cosmetic products market.
Among product type, skin care segment held a dominant market share in 2016 and the segment is projected to lead the market over the forecast period. Increasing awareness regarding harmful effects of cosmetic ingredients such as alcohol, sulphates is shifting consumer preference towards natural skin care products, which is fueling growth of the for halal skin care products.
Among distribution channel, online stores are projected to be the fastest growing segment over the forecast period. According to India Brand Equity Foundation Report (IBEF), in 2016, over 62% of young consumers in major economies prefer online stores for buying beauty & grooming products. Moreover, ease of access and reliable services of giant online retail stores such as Alibaba, Amazon, and Flipkart are playing important role in growth of distribution channel segment in the market.  
Global Halal Cosmetic Products Market Outlook:
Asia Pacific accounted for major market share in global halal cosmetic products market in 2016, owing to presence of key players in the Asian economies along with bulk availability of raw material, the region is projected to retain its dominance in the near future. In Asia Pacific, the personal care industry is gaining major traction due to increasing demand for cosmetics in China, India, South Korea, and ASEAN countries. According to International Trade Administration 2016 Report on Asia Personal Care and Cosmetics Market, China is projected to become largest market for cosmetics globally in next five to ten years. Moreover, in 2015, Indonesian government passed a new Halal regulation under which most of the cosmetics products are recommended to be Halal without containing alcohol or animal ingredients. Such factors are fueling growth of the Asia Pacific halal cosmetic products market.
As Halal cosmetics products meet the Halal regulations in Middle East, they are gaining major traction among Middle East countries such as Saudi Arabia, UAE, and various others. Moreover, Halal cosmetics standardization authorities such as Emirates Authority for standardization and Metrology (ESMA) have established a special ‘Emirati System’ for control of halal products and are supporting global cosmetic manufacturers to get halal accreditation through optimal model for halal certification.
Key players in Global Halal Cosmetic Products Market:
Major players in the halal cosmetic products market include Amara Cosmetics Inc., The Halal Cosmetics Company, Talent Cosmetics Co. Ltd., PHB Ethical Beauty Ltd, Clara International Beauty Group, Sampure Minerals, and IBA Halal Care among others.
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Iced Tea Market - Size, Share, Outlook, and Opportunity Analysis, 2018 - 2025

Iced tea is a popular packaged drink in the form of cold tea that is chilled or cooled. It is sweetened usually using sugar or syrup. Furthermore, it is sweetened with flavored syrup, with an infusion of multiple common flavors that include lemon, peach and cherry. Iced tea is sometimes made by a particularly long steeping of tea leaves at lower temperature also known as sun tea.
Market Dynamics
Iced tea is considered as a healthy alternative due to its antioxidant and natural content along with its lower sugar content as compared to other carbonated soft drinks, which is expected to be a major factor driving growth of the iced tea market. According to the report published by Tea Association USA in 2015, tea compounds such as epigallocatechin gallate (EGCG), play an important role in the protection against cancer. Furthermore, popularity of tea as a beverage globally with increasing preference for iced tea is expected to drive growth of the global iced tea market. According to Tea Association of USA tea is the second most consumed drink after water with around 80% of tea consumed in iced form.
However, utilization of artificial sweeteners in iced tea is expected to restrain growth of the global iced tea market. Hence, manufacturers are introducing to new sugarless iced teas in the market.
The lemon and peach flavors are currently the most popular flavored ice teas. Furthermore, tea companies are introducing new products and flavor combinations in order to improve their position in the market. For instance, Steaz introduced an iced tea without any sugar infused with passion and dragon fruit flavors, in addition to jasmine hibiscus with sweetened lime in 2017.
Market Trends
According to the India Brand Equity Foundation the global Ready To Drink tea market was valued at around US$ 24.5 Bn and the market is projected to witness significant growth during the forecast period. RTD teas are gaining significant traction among consumers due to their excellent properties as compared to other beverages. According to Tea Association of USA, the global RTD tea market witnessed around 40% growth from 2011 and 2016, which in turn is driving growth of the global iced tea market. Increasing consumer awareness regarding the sugar content in beverages is propelling adoption of healthier options such as iced tea. Furthermore, availability of low or sugar-free alternatives in iced tea is fueling market growth. For instance, Slo-Jo introduced a range of sugar-free iced teas in 2016, which is popular among health conscious consumers.
Market Outlook
According to the Tea Association of the USA. Inc. report published in the December 2017, on an average, more than 158 million Americans drink tea every day. In 2016, ready-to-drink (RTD) tea accounted for around 80% of the tea category, a 4% increase since 2015. The iced tea market in Asia Pacific is expected to grow at the fastest rate during the forecast period. This is due to the rising popularity of RTD beverages in China and India. According to the IBEF, the ready to drink (RTD) tea and coffee market in India was valued at US$ 404.95 million in 2017. The growth of the iced tea market is expected to be driven by the popularity of different varieties such as herbal and ice tea coupled with increasing awareness regarding health benefits.
Key Players
Some of the key players operating in the global iced tea market include Arizona Beverages USA, BOS Brands, 4C Foods Corp., The Coca-Cola Company, Harris Freeman & Co, Unilever, Mother Parkers Tea & Coffee Inc., and Templar Food Products.
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Tuesday 24 July 2018

Botanical Extracts Market Outlook, and Opportunity Analysis, 2018-2025

Any drug or pesticide that is made or extracted from parts of plants is referred to as botanical extracts. Demand for botanical extracts is registering steady growth, particularly in pharmaceutical and cosmetic sectors. Increasing awareness regarding the side effects of allopathic medicines together with the growing awareness about therapeutic effects and medicinal benefits of herbal products is driving the growth of global botanical extracts market. The long shelf life of botanical extracts along with its sudden reaction has led to an increase in demand for botanical extracts in the pharmaceutical industry. Functional food segment and self-medication are expected to drive the global botanical extracts market during the forecast period. Use of botanical extracts for weight management, anti-aging, joint & bone health, and digestion, among others, is identified to be a prominent trend in the global market.
Spices are the largest source of botanical extracts and the segment accounts for the largest share in the global botanical extracts market. It finds significant application in the food and beverage industry. The powder segment is expected to account for a significant market share during the forecast period. Rising trend of exploring new cuisines and growing demand for healthy food will propel the demand for botanical extracts in the food industry.
Botanical Extracts Market Outlook
North America is expected to be the most lucrative market for botanical extracts followed by Europe. Many companies are inclining toward natural herb and botanical extracts products as they are witnessing high demand from every segment of food and beverage industry. According to Canadian Foods and Drugs Act, functional food products in North America are categorized under Generally Recognized as Safe (GRAS). Addition of natural, healthy, and aromatic ingredients to tea is a key trend in the market, which, in turn, demands more botanical extracts in this sector. Substantial demand for organic and fair trade ingredients are bolstering the growth of global botanical extracts market. Also, high investments made in the food and beverage industry to develop new aromas and flavors using spice and plant extracts is expected to fuel the market growth. Botanical extracts market in Europe is driven by shifting consumer preference toward natural products and healthy lifestyle. In street and convenience foods, chilly and pepper are most commonly used, which boost the use of botanical extracts in the food industry. Asia Pacific, being one of the major suppliers of botanical extracts, is an emerging market for the same. The raw materials for botanical extracts are obtained from both cultivated and wild harvested plants. This, in turn, has led to an increase in competition among botanical extracts manufacturers all over the world.
Check the Trending Report of Botanical Extracts Market: https://www.coherentmarketinsights.com/ongoing-insight/botanical-extracts-market-810
Manufacturers of botanical extracts are introducing technologies related to extraction methods to expand their portfolio. In April 2017, BOTANIEX, one of the key companies in botanical extracts market introduced a patented cost-effective technology for extracting L-Theanine from green tea, which provides the beverage and supplement industry with an affordable natural ingredient.
Some of the key players in the global botanical extracts market are Frutarom, Ransom Natural Ltd, PT. INDESSO AROMA, Blue Sky Botanics Ltd., Haldin, Dohler, Nutra Green Biotechnology Co. Ltd., Jairamdass Khushiram Impex Pvt. Ltd., Organic Herb Inc., Fytosan, FutureCeuticals, Nexira, Green Source Organics, Acumen Lifesciences, Arjuna Natural Extracts Ltd., Prinova Group LLC, Synergy Flavors, Kalsec Inc., and Synthite Industries Ltd.
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Complex Fertilizers Market - Size, Share, trends, and Forecast to 2025

Complex fertilizers (compound fertilizers) are prepared by mixing two or more type of macro-nutrient fertilizers. These fertilizers can be further blended with elements that provide plant nutrients, which are known as trace or secondary nutrients such as calcium, magnesium, and sulfur. Complex fertilizers can be distributed and packaged in granular or liquid form.
Increasing demand for nutrient specific fertilizers along with requirement of high crop yield for biofuel production is expected to drive growth of the complex fertilizers market over the forecast period. For instance, in 2017, the Indian biofuels industry invested US$ 2.25 billion in the upcoming projects over the next years to increase the industry’s value to US$ 7.5 billion by 2022.
However, increasing inclination toward adoption of organic fertilizer is one of the major restraining factor for growth of the global complex fertilizers market. According to Research Institute of Organic Agriculture (FiBL) report, in 2015, over 50.9 million hectares of land was occupied by organic agricultural activities. The regions with the largest areas of organic agricultural land are Oceania (22.8 million hectares, which is almost 45 percent of the world’s organic agricultural land) and Europe (12.7 million hectares, 25 percent).
Incomplete complex fertilizers acquired the largest market share of 72.38% in 2017, and is expected to lead the market throughout the forecast period. Incomplete complex fertilizers include only one or two of the three primary nutrients (nitrogen, potassium or phosphorous). These fertilizers are suitable for application in cereals, crops and vegetables, and for greenhouse applications. Incomplete complex fertilizers such as diammonium phosphate, improves plant resistance to stress conditions such as diseases and drought. Also, monoammonium phosphate is an ideal source of phosphorous and nitrogen, which can be used as foliar spray on crops during plant growth.
Cereals & grains crop type dominated the complex fertilizers market in 2017, and is expected to retain market dominance throughout the forecast period. Increasing demand for cereals and grains with improved yields and sustainability are the major factors driving growth of the complex fertilizers market, thus aiding to curb the problem of food shortage in emerging economies. According to the Food and Agriculture Association of United Nations, 2013, cereals occupy more than half of the world's harvested area, where 2.3 billion tons of cereals are produced annually nearly contributing to 1 billion tons for human consumption, 750 million tons as animal feed, and 500 million tons for industry processing.
Asia Pacific was the leading region in the global complex fertilizers market in 2017, with a revenue of US$ 15,769 million and it expected to retain its dominance throughout the forecast period. Increasing demand for food from the countries in this region backed by rising population is one of the major driving factors for growth of the complex fertilizers market in Asia Pacific. For instance, according to the study conducted by Asia Development Bank, 2013, Asia Pacific is expected to account for one-third of the projected 2.6 billion increase in global population between 2010 and 2050, thus requiring additional measures to increase the productivity to serve increasing population.
Europe expected to witness significant growth in the global complex fertilizers market in 2017, with a market share of 21.18% in the same year. In 2012, the European Innovation Partnership for Agricultural Productivity and Sustainability (EIP-AGRI) was launched to contribute to the European Union's strategy Europe 2020 for smart and sustainable growth. The strategy aims to ensure a steady supply of food, feed, and biomaterials, with the essential natural resources on which the farming depends.
Major players operating in the global complex fertilizers market include Yara International ASA, Potash Corporation of Saskatchewan Inc., CF Industries Holdings Inc., The Mosaic Company, Israel Chemicals Limited, Eurochem Group AG, Haifa Chemicals Ltd., PJSC PhosAgro, and Adventz Group.
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Monday 23 July 2018

Lipid Testing Market Industry Analysis, Size, Growth, Trends and Forecast to 2025

Lipids are one of the major constituents of foods and also important in numerous ways in a routine diet as they are major source of energy as they provide essential lipid nutrients. They comprise naturally occurring molecules such as sterols, fats, fat-soluble vitamins, and phospholipids. Lipids find their applications in cosmetics and food industries. However, over-consumption of some lipid components such as saturated fats and cholesterol can be harmful to health.
Stringent government regulations imposed on safety levels in the food industry have propelled the global lipid testing market for food & beverages. For instance, Food & Drug Administration (FDA) in 2014, proposed regulations on the nutrition labeling for prepackaged food products, an act governing food safety and sanitation and needs the nutrition labelling for packaged food such as content of fat, carbohydrates, and others.
Recent technology is the most widely used type with a market share of 67.09% in 2016, and is expected to lead the market throughout the forecast period. Recent technology has numerous applications in food & beverage industry that are used to check the count, metabolites, and type of microorganisms related to preservation, safety, food spoilage, foodborne pathogens, and others. For instance, in 2018, Certus Corporation, a company that provides innovators in food safety technologies, is manufacturing CERTUS System Detection Unit, which is based on Surface-Enhanced Raman Spectroscopy nanoparticle technology through a license agreement with Becton, Dickinson, and Company, a medical technology company. This system allows cost-effective and easy way to detect pathogens.
Food & beverages industry was the dominant application segment of lipid testing market in 2016 and is expected to retain market dominance throughout the forecast period. Lipid play a major role in many foods for determining the physical characteristics such as texture, appearance, flavor and others. Hence, testing of lipid in the food & beverages industry is important to determine the amount of specific content present in the foods. The Codex Alimentarius Commission (CAC) is a joint intergovernmental body of the Food and Agriculture Organization of the United Nations (FAO) and WHO, which coordinates food standards with the main objective to protect the health of consumers.
North America was the leading region in the global lipid testing market for food & beverages in 2016, with a revenue of US$ 293.1 million, and it expected to retain its supremacy throughout the forecast period. U.S. is the major contributor to the growth of this market in North America owing to the increasing initiatives taken by players in this region such as new equipment launch, merger, acquisition and various others. For instance, in 2018, Microbac Laboratories Inc., entered into a partnership with MedSurgPI, a pharmaceutical and medical device consultant company, through which the company plans to offer MedSurgPI services to their food, medical food, and nutritional supplements clients through diverse product development requirements.
Europe was the second-largest contributor to the global lipid testing market for food & beverages in 2016 with a market share of 24.91% in the same year. The growth is attributed owing to the stringent regulations imposed on food safety in this region. In 2007, EU regulation on nutrition and health claims was brought into force which sets EU-wide conditions for the use of nutrition claims such as ‘high in vitamin C’ or ‘low fat’ and health claims such as ‘helps lower cholesterol’. The regulation applies to food or drink product produced for human consumption marketed in the EU. Only foods that fit a certain nutrient profile (below certain salt, sugar and/or fat levels) will be allowed to carry claims.
Major players in the global lipid testing market for food & beverages include Intertek Group Plc., Microbac Laboratories Inc., Eurofins Scientific SE, Campbell Brothers Limited, General Mills Inc., TUV Nord Group, Bureau Veritas S.A., Ltd. and AsureQuality Limited among others.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
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