FOOD, NUTRITION AND ANIMAL FEED
Soy isoflavones market to register massive a surge by 2025, rising trend of veganism to also add stimulus to the industry growth
In the recent decades, the isoflavone market has registered a commendable year-on-year growth as research studies have continued to illuminate the positive properties of isoflavones. As data is piling up in support of isoflavones, which is class of phytochemicals (compounds found only in plants), health conscious consumers are turning towards the consumption of greater quantity of soybeans, chickpeas and other legumes, all of which are rich in isoflavones.
Isoflavones are also a type of phytoestrogen that resembles human estrogen in chemical structure. By imitating the functions of human estrogen at certain sites in the body, isoflavones provide many benefits that can prevent illness and promote good health. Soybeans have found to be richest source of these powerful compounds as it not only contains many individual isoflavones, but also the most beneficial ones, namely, genistein and daidzein. With soy beans being increasingly consumed around world which has recently been gripped by veganism, the isoflavones market is also anticipated to gain commendable profits in the coming years.
U.S. Soy Isoflavones Market Size, By Application, 2018 & 2025, (Kilo Tons)
To elaborate on the benefits of isoflavones and especially that of genistein, it should be mentioned that genistein has the ability to block the buildup of harmful testosterones or dihydrotestosterone that is linked to prostate cancer and prostate enlargement as it acts as a natural inhibitor of the enzyme that converts testosterones in dihydrotestosterone. Besides this soy isoflavones have found to exhibit a number of other anti-cancer effects besides having antioxidant properties which protect the cardiovascular system from oxidation of LDL cholesterol.
Oxidized LDL cholesterol is known to cause atherosclerosis by accumulating in the arteries as fatty buildup blocking the flow of blood. Arteries damaged by atherosclerosis usually form blood clots that can lead to a heart attack or even stroke. Genistein has properties that prevent artery clogging plaque. Rising incidence of cardiovascular disorders are one of the leading reasons that research into the benefits of isoflavones and consumption of soy beans is becoming stronger. With medical practitioners and nutritionists emphasizing the benefits of soy consumption, the soy isoflavones industry is receiving an immense impetus and is projected to record a CAGR of 13.5% over 2019-2025.
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Besides cardiovascular disorders, isoflavones have also been found to be functional for alleviating hormone dependent physiological disorders such as osteoporosis and postmenopausal symptoms. Isoflavones have proved to be better suited for treatment procedures that replace hormones such as estrogen hormone replacement therapy and shows none of the negative effects that occur too often with conventional therapies with hormones.
For instance, studies have shown that estrogens can slow down the aging process of the skin in postmenopausal women. This has prompted many women to opt for hormone replacement therapies as the level of estrogen declines rapidly in postmenopausal women, speeding up the aging process. But with isoflavones having found favor in cosmetic formulations, not only for anti-aging benefits but also for treating irritating skin conditions including rashes, eczema and psoriasis, isoflavones industry has received a sizeable boost from the cosmetics market. Considering that anti-aging products are touted to garner commendable acclaim in 2019 and ahead, isoflavones market will register a massive increase in revenue from cosmetic applications over 2019-2025.
Another reason that has helped isoflavones market is the stellar rise of popularity of a vegan diet. As consumers around the world have become aware of the ecological burden of meat and dairy consumption, veganism has rapidly become mainstream. Surveys have shown that more than 50% of Americans have come to support ban of slaughterhouses and around 70% have admitted to being uncomfortable with poor treatment of animals, which in part explains why veganism rose by 600% in the country between 2014 and 2017.
The trend has been noted in other parts of the world as well with 8% of people in the UK being vegan in 2018 and Australians also showing similar trends. Rising incidence of disease and obesity has played its part in this surge of veganism. As such meat substitutes have become very popular and consumption of soy products like tofu and tempeh having registered a massive growth, has in turn added remarkable stimulus to the isoflavones market. Considering that mindful eating and awareness of food components, including chemical content of food is gaining rapid popularity, the isoflavones market is expected to amount to $30 billion by 2025 in terms of revenue.
Author Name : Paroma Bhattacharya
Black seed oil market to amass hefty returns from pharmaceutical and cosmetic applications, changing consumer preference toward naturally-sourced products to augment the industry growth by 2025
The global black seed oil market is projected to gain significant momentum in the ensuing years, a feat that can be attributed to the emergence of organic wellness and food products. Known widely as Nigella sativa, black cumin seeds, onion seeds, kalonji, and numerous other names, the product is extracted from the seeds of Nigella sativa, a plant native to southwest Asia. The amber-hued oil finds its primary use in cooking and is said to offer extensive medicinal benefits, in addition to possessing the ability to fight life-threatening diseases.
U.S. Black Seed Oil Market Size, By Application, 2018 & 2025, (Tons)
Black seed oil market trends from pharmaceutical applications:
According to a review published in Complementary Therapies in Medicine 2015, black seed oil was claimed to be of importance to people with diabetes. Figures by the World Health Organization revealed that the number of diabetes patients was up by 108 million in 1980 to 422 million in 2014. The global prevalence of this condition among adults above 18 years of age had surged to 8.5% in 2014. In several cases, diabetes leads to major issues like kidney failure, heart attacks, limb amputations, and blindness.
In an article by the Journal of Endocrinology and Metabolism, academics from the Indian Council of Medical Research mentioned that black seed oil results in gradual part pancreatic beta-cells raises the lowered serum insulin concentrations and controls glucose levels. It is thus rather discernible that the rising prevalence of diabetes worldwide and the deployment of black seed oil to aid in its treatment will foster the black seed oil market growth from pharmaceutical applications in the years to come.
Black seed oil consists of thymoquinone, which is its main active constituent for adjuvants to pharmaceutical cancer treatments. Many studies have displayed the effects of Nigella sativa on numerous cancer cells – indeed, the list offers more than 57 reviewed papers on the effects of black cumin seeds against cancers of blood, lung, skin, cervix, prostate, breast, pancreatic and more.
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Thymoquinone extracted from Nigella sativa has been examined for its antioxidant, and anticancer properties since 1960 in vitro and vivo models given that the component may behave as superoxide and free radical scavenger compatible with preserving the activity of various antioxidant enzymes. Moreover, black seed oil has also been recommended as an organic radioprotective agent for immunosuppressive and oxidative impacts of ionizing radiation.
Based on GLOBOCAN 2018 forecast of cancer incidents and mortality, there will be around 18.1 million new cancer cases and 9.6 million cancer deaths, with lung cancer being the most commonly diagnosed cancer that accounts for 11.6% of the total cases and 18.4% of the total cancer deaths. According to the National Center of Biotechnology Information, a study conducted to test cytotoxicity of black seed oil and its effects against the human lung cancer cell line revealed that it does considerably reduce the viability of lung cancer cells. The abovementioned benefits that can possibly aid cancer prevention, may encourage the consumption of black seed oil capsules among individuals seeking natural remedies, resulting in further expansion of the black seed oil market from pharmaceutical applications.
Black seed oil market trends from cosmetic applications
Besides its pharmaceutical benefits, black seed oil is also quite popular in the cosmetic and skin care applications, especially among millennials. Instead of blindly purchasing a product, customers today are inquisitive about the contents in order to avoid chemicals or tests on animals. Currently, the market is observing an increasing demand for cosmetics that are natural and safe. Based on a 2013 study comparing the therapeutic benefits of Nigella sativa with benefits of prescription medications, it was proven that black seed oil can reduce the severity of eczema. Although there is no scientific evidence backing the benefits, black seed oil is also known to soften skin, hydrate hair, and act as a moisturizer.
The astringent properties possessed by the ingredient can aid the reduction of impurities on the skin surface. In fact, a study found that lotion with 20% black seed oil is more effective and safer compared to a lotion with 5% benzoyl peroxide in the treatment of mild to moderate acne. The ingredient is commonly found in cosmetic products, which are rapidly growing in popularity due to the presence of organic materials.
As the demand for natural products increases across the try from cosmetic and personal care as well as pharmaceutical applications, the global black seed oil industry will depict a commendable growth graph in the years ahead. For the record, the overall black seed market size, as per a report published by Global Market Insights, Inc., will exceed $25 million by the end of 2025.
Author Name : Krithika Krishnan
LATAM frozen bakery market to witness hefty returns driven by the rising popularity of bread recipes, surging number of fast-food chains in Colombia to drive industry growth over 2018-2024
The LATAM frozen bakery market, in the recent years, is witnessing a significant growth, given the rapid advancements in the retail space and rising disposable income levels of majority of the population. The robust outbreak of fast food outlets and restaurant chains have further led the LATAM frozen bakery industry to traverse along a lucrative growth graph in the past few years. The overall valuation of the LATAM frozen bakery market hitting USD 4.3 billion in 2017, stands as a valuable substantiation to the fact that this business sphere is to nothing but proliferate in the coming years, with new product launches, rising investment trends, and increasing number of industry magnates’ going the whole hog to establish their stance in this multi-billion-dollar business cosmos.
Brazil frozen bakery market size, by end-user, 2013 – 2024 (USD Million)
Aryzta, the Swiss-Irish frozen bakery market player, has recently unveiled its plan to build a factory in Brazil, which would manufacture frozen products. It has been reported that the plant would be Aryzta’s fifth in the country and it will be investing 150 million Brazilian real (€33.8m) for the bread making facility. Aryzta is further seen strengthening its ties with the local customers including the food-service outlets of Subway, Burger King, and Starbucks, while it is supplying its frozen bakery products to Prezunic and Walmart in the retail sector. If reports are to be believed, these quick serving restaurants – that forms the important channel for Aryzta – accounts for more than 50% of food-service revenue in Brazil.
The aforementioned instance highlights two prominent factors. The first being the expanding investment of the global industry players in LATAM regions for extracting hefty ROI, and the large-scale expansion of the fast food chains such as Subway and Domino’s leading to greater pickup in demand for bread, frozen dough, and viennoiserie.
On this note, it is imperative to mention that in terms of recipe, bread accounted for more than 60% if the overall LATAM frozen bakery market share by volume in 2017 and is estimated to cross 63% by 2024. The viennoiserie segment has further locked its prominent industry share in terms of revenue, with valuation exceeding USD 700 million in 2017.
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Speaking of the robust segment growth, Colombia, the third largest country of Latin America, after Brazil and Mexico, is emerging as the lucrative investment ground for the potential stakeholders, given the positive growth of the fast-food industry. An apt instance bearing testimony to the same is of Grupo Bimbo S.A.B. de C.V., who acquired a Colombian frozen baked food company Panettiere in 2016, in an ambitious attempt to expand its participation in the growing in-store & food service bakery channels in the region. Reports claim that leveraging the company’s product line including ciabatta, baguettes, croissant, flautas, hojaldre (puff pastry), sandwich rolls, muffins and blandito (soft bread), Panettiere will be part of the Bimbo’s LATAM frozen bakery business.
Reports further claim that one of the most important factors driving Colombia’s frozen bakery industry is the robust proliferation of the packaged food industry in the last couple of years. In fact, the annual per capita consumption of the processed foods was projected to be more than USD 330 million in 2016, according to the National Association of Colombian Business, while it is prudent to note that the global packaged food sales, is also witnessing a boost, up from the USD 2,348.9 billion in 2014 to a steady growth of USD 2,516.2 billion in 2017.
This growth has further the product demand for frozen dough particularly to make burgers breads and pizza base, in turn fueling the LATAM frozen bakery industry growth. Reliable reports claim that, based on the regional landscape of the LATAM frozen bakery market size, Colombia, is estimated to registered a healthy CAGR of 6% over 2018-2024. The development of different retail channels coupled with increasing number of hotels and restaurants leading to significant increase in bakery products demand such as cakes, pastries, and breads, has been attributable to the overall regional growth.
The growth of this business is further likely to gain prominence with prominent domestic players including Groupo Bimbo, General Mills, BredenMaster, and Europastry and other international giants investing in the region to have a preferential access to the faring F&B industry within the continent. According to Global Market Insights, Inc., the LATAM frozen bakery market is forecast to exceed USD 5.7 billion by 2024.
Author Name : Ojaswita Kutepatil
Essential oils market to garner lucrative returns from aromatherapy applications, lavender oils to observe commendable sales over 2018-2024
A renowned American aromatherapy and essential oils market player Honé has recently announced that it is proudly taking the concept of aromatherapy several notches up with its all brand new ‘essential oil scented nose diffuser.’ Honé’s introduction of a remarkable and innovative way of reducing unpleasant smell by wearing a discreet nose diffuser has been touted to help the company garner substantial proceeds in the years ahead. For the record, the nose diffuser is an essential oil scented and flexible nose ring designed to prevent odors from entering the nose, while giving a pleasant effect on the users’ mood & daily routine. The company, for its essential oil scented nose diffuser, has launched a campaign to raise crowdfunds on Kickstarter.
U.S. Essential oils Market Size, By Product, 2017 & 2024, (Kilo Tons)
Another instance worth mentioning is of Airtab, which is a social engagement app, and has recently launched a platform dedicated to mixology events hosted by dōTERRA® Wellness Advocates that will be emphasizing on preparing cocktails infused with essential oils. With all these aforesaid instances in view, it wouldn’t be wrong to quote that the use of essential oils has exploded to new heights in the past few years. The unprecedented surge in product innovation and increasing R&D investment for developing alternative remedies from essential oils have turned this once small-scale business into a multi-billion-dollar industry, with global essential oils market valuation surpassing USD 7.16 billion in 2017.
The remarkable industry valuation also throws lights on the growing popularity of essential oils in the cosmetics & toiletries, fragrances, aromatherapy, food & beverage, pharmaceutical, and other sectors. Reliable reports claim that the overall essential oils industry share garnered hefty remuneration from the food & beverage application, given the extensive demand for black pepper, rosemary, clove, orange, lemon, and cinnamon oils for cooking and flavoring cuisines & beverages. Another vital factor driving the demand of essential oils market from the F&B industry is the supportive FDA regulations regarding the approval of natural, plant-based and organic oils, offering antimicrobial and antioxidant properties, for consumption. Analyzing these emerging trends, estimates claim that the global essential oils market from F&B application is projected to surpass 145 kilo tons of demand by 2024.
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Aromatherapy is forming another lucrative application segment, which is gaining immense traction of late, given the growing population looking for alternative remedial treatments and replacement for pharmaceutical drugs. Rising demand form health conscious consumers for aromatherapy to balance their mental and physical well-being is expected to significantly fuel the product demand. With an estimated valuation of over USD 2.5 billion by 2024, aromatherapy application is expected to be nothing but a profitable growth avenue for essential oils market.
Speaking along similar lines, lavender, tea tree, orange, and mint are few among the other popular essential oil products witnessing extensive demand in the recent years. Therapeutic benefits of these oils, have pushed the commercialization matrix of this business space to next level. Say for example, lavender oil has been shown effective in relieving nervous tension and stress to improve productivity. It is moreover being used in combating serious health issues such as chronic anxiety, stress, cancer, and has also proved beneficial in reversing the signs of ageing, headaches, and pain relievers. The extensive demand for lavender oils from aromatherapy, pharmaceutical, and cosmetic applications is further expected to stimulate the essential oils market size in the ensuing years. Research reports project the overall lavender oils market to exceed demand of over 20 kilo tons by 2024.
This potential growth statistics surrounding the application and product landscape of essential oils industry is indicative of better expansion prospects within the wellness industry. As of now however, though their use is gaining traction, scientific research and development into essential oils are still in the embryonic stages. Growing investment in R&D projects for innovative oil extraction techniques and development of microencapsulation of these products will further have a remarkable influence on the profitability quotient of this business sphere. A presumption bearing testimony to the same is of Global Market Insights, Inc., that claims the global essential oils market to hit a remuneration portfolio of USD 13 billion by 2024.
Author Name : Ojaswita Kutepatil
Green tea polyphenols market to accumulate modest proceeds over 2018-2024, APAC to emerge as a prominent revenue pocket
Increasing tea consumption rates & awareness regarding health owing surging chronic disease prevalence is certain to fuel tea polyphenols market trends. Tea is undeniably one of the most popular beverages consumed worldwide due to its anti-inflammatory, antimicrobial, and antineoplastic properties. The product has high epigallocatechin gallate (EGCG), fibers and antioxidants which help increase metabolism and support weight reductions. According to reliable sources, more than 3 billion kilograms of tea is produced and consumed around the world yearly, validating the rising popularity of the beverage, that would consequently impact tea polyphenols industry size.
Germany Green Tea Polyphenols Market Size, By Application, 2017 & 2024, (Kilo Tons)
The potential health benefits associated with tea consumption can be partially attributed to the antioxidative property of tea polyphenols. Recent reports suggest that green tea consumed in a balanced diet can improve the overall antioxidative status of the body, as well as protect against oxidative damages. Tea preparation has also been depicted to ambush reactive oxygen species, such as hydroxyl radical, superoxide radical, peroxyl radical, singlet oxygen, nitrogen dioxide, nitric oxide, and peroxynitrite, reducing their damage to lipid membranes, nucleic acids, and proteins.
Tea, brewed from the plant Camellia sinensis, is largely consumed in different forms, popular among them being black, green, and Oolong teas. As per a survey conducted nearly a decade back, of the tea produced worldwide, 78% is black tea, which is usually consumed in the Western countries, around 20% is green tea, commonly consumed in Asian countries, and 2% is Oolong tea which is produced mainly in southern China. Indeed, brewed tea contains many polyphenols and other health benefiting compounds – it is thus rather overt that the rising consumption of these health-based teas will have an impact on the overall tea polyphenols market share. Reportedly, studies also suggest that polyphenolic compounds present in tea can effectively reduce the risk of a several diseases that take a heavy toll on the global populace – a fact that would serve to further propel tea polyphenols industry.
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Green tea polyphenols to emerge as a pivotal product, driven by the ability to reduce cancer occurrence
Many epidemiological studies conducted to investigate the effects of tea consumption on human cancer show an inverse relationship between tea consumption and development of cancer. Reportedly, studies were undertaken on gastrointestinal cancers in China and Japan where green tea is mainly consumed. As per medical reports, individuals who consumed over 10 cups of green tea per day showed remarkable reduction of relative risk for lung, colon, and liver cancers.
Further studies in northern Italy have also suggested the protective effects of green tea against oral, pharyngeal and laryngeal cancer. In addition, tea drinking was shown to be associated with a lower risk for digestive and urinary tract cancers in women, with a relatively lower risk for stomach cancer occurrence. Owing to the extensive prevalence of cancer worldwide, green tea is thus expected to be majorly consumed in the years to come. The antioxidants, flavonoids, and catechins present in green tea polyphenols also help reduce the formation of free radicals in the body, protecting cells from skin aging, injury, and even lowering the risk of neurological disorders. The extensive health benefits of these compounds will thus impact green tea polyphenols market size, slated to register a CAGR of 7% over 2018-2024.
Asia Pacific tea polyphenols market size driven by China, India, Japan and Australia may register a CAGR of 8.5% over 2018-2024. In fact, India is the largest producer of tea – particularly black tea. With increasing interest in green tea polyphenols however, experts suggest that there is a potential for the India tea industry to enhance green tea production and develop innovative products based on natural tea polyphenols.
Reportedly, Indian tea cultivars are currently adopting advance ways such as e-auction platforms to enhance growth of tea polyphenols for industrial exploitation. Indian companies are also looking forward to exporting new types of tea to countries like China where the demand for Indian black tea has been depicting an upsurge. Reports cite that, in 2017, India’s tea exports to China increased by around 30% (approximately 9 million kg) annually, making it a prominent region for the growth of tea polyphenols market.
China is also stepping forward as a leading manufacturer and exporter of tea extracts due to constructive government regulations. In 2018, Chinese tea companies were reported to show interest in learning about the e-auction platforms used by companies in India to bring together sellers and buyers online to streamline the marketing of tea. The motive of the initiative was to adopt India’s unique process of the e-auction of tea, so as to expand the two-way trade in tea between the two countries. As per reports, India is cited as the third largest tea exporter to China, led by Iran and Russia.
Being a dietary source of biologically nourishing compounds that help prevent a wide range of diseases, health tea is thus experiencing an increase in terms of popularity across the globe. Tea polyphenols contain bioactive compounds, antioxidants, ECGc, and essential nutrients to keep the mind calm and boost metabolism and immunity – factors that would help advance industry growth. Driven by the advancements in tea cultivation technologies and supportive government regulations, tea polyphenols market size is likely to cross 10 kilo tons by volume by 2024.
Author Name : Mateen Dalal
Essential oils-based feed phytogenics market to garner substantial returns over 2018-2024, China to remain a prominent regional contender
Increasing demand for high quality meat products, particularly in the economies of China, India and Brazil, is likely to boost feed phytogenics market, driven by the increased demand for livestock production. Phytogenics are known to have a wide range of biologically active properties, such as anti-inflammatory, antioxidative, anti-microbial and digestion-enhancement, beneficial in modern livestock production. These products are used to enhance the performance & health of livestock including ruminants, poultry, swine, and aquatic, basically for meat consumption, the upsurge in which will augment feed phytogenics industry.
U.S. Feed Phytogenics Market Size, By Product, 2017 & 2024, (USD Million)
Reportedly, the meat sector has increased its investments lately so as to meet the surging demand for high protein meat products for health-conscious consumers, and has seemingly switched to ready-to-eat (RTE) meat products due to easy availability, hectic lifestyles, and rising innovations in meat processing technology. Reports suggest that in the 2015, the China’s meat production accounted for 28.4% of the total meat production in the world, while the global meat production stood at 86.25 million tons. By adopting advanced meat processing technologies and phytogenic feed additives (PFAs), meat industry players are focusing on increasing their output yield, which would quite overtly prove to beneficial for feed phytogenics market.
Ideally, PFAs are used in the animal industry is to improve the feed quality as well as animal health and performance. The product is considered as a first alternative to AGP (antibiotic growth promotors), mainly due to its antioxidant, antimicrobial, and anti-inflammatory properties. Most reports speculate an optimistic growth in PFA promoting effects on reproduction of milk, egg, and meat. These products have found wide usage in dairy cow nutrition to enhance the technical properties of milk for cheese and butter production and play a critical role in reacting to a ruminant’s complex digestive and metabolic system. These products also impart anti-oxidative and anti-inflammatory properties to the gastrointestinal tract for the survival of calves. Driven by these incredible benefits, feed phytogenics market is expected to traverse along a positive growth path in the years ahead.
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Surging essential oils demand to augment feed phytogenic market landscape
Essential oils (EOs) are widely used as PFAs, due to their strong aromatic features and bioactivity. On account of the volatile and reactive nature of EOs, their effectiveness in animals can be influenced by different conditions during production processes, storage of EOs, and conditions in the gastrointestinal tract of the animals. Evidence suggest that PFAs containing more volume of essential oils can minimize the environmental impact of livestock industry on the atmosphere by reducing emissions of ammonia from pig production, and methane from fermentation in the rumen. Moreover, these products can increase the absorption of amylase and other endogenous enzymes, further increasing the commercialization potential of EO-based feed phytogenics market.
The use of EO-based PFAs offers several benefits to producers, including enhanced animal performance, improved feed efficiency and reduced emissions. According to reports from the animal health and nutrition company, BIOMIN, the overall phytogenic feed additives sector alone is likely to become a billion-dollar industry by 2030. A report from Global Market Insights, Inc., claims essential oils-based feed phytogenics industry size to surpass USD 380 million by 2024.
China to step up as a major consumer in the Feed Phytogenics Market
China is one of the largest beef and sheep meat producers and consumers across the globe. In 2015, the country’s sheep meat production was reported at 4.41 million tons, accounting around 30% of the world’s total sheep meat production, while beef production was reported at 7 million tons, accounting for 10.4% of the global yield, eventually making China as the world’s 3rd largest beef meat producer after Brazil and the United States.
Reportedly, steady domestic prices have attracted investment into cattle farming in the region. Experts suggest that the surge in purchases of meat products by Chinese consumers is expected to remain the main factor driving the China feed phytogenics market in the future. Indeed, China feed phytogenics market size, as per estimates, is forecast to exceed USD 50 million by 2024.
Highly appreciable benefits of feed phytogenics include, increased growth performance, digestion stimulation, increased feed intake, reduced diarrhea prevalence, improvement in reproductive system and feed efficiency. Quite overtly, the growing occurrence of diseases, rising consumption of meat and increasing healthcare regulations on the usage of antibiotics in animal feed will augment the growth of feed phytogenics market size.
Author Name : Mateen Dalal
A brief overview of beer stabilizers market in terms of the regional spectrum: APAC to remain a prominent contender over 2018-2024
The global beer stabilizers market has been assuming a rather important role in the beverage industry since a while now, though its popularity has been quite appreciable ever since its inception. Valued at over $45 million in 2017, beer stabilizers market has been growing at a commendable rate primarily based on the fact that these products are used to remove biological and chemical haze from the beverage and enhance its shelf life. The process is an extremely important step in beer production as it helps maintain the beer’s microbiological stability and facilitates head retention.
North America Beer Stabilizers Market, By Product, 2017 & 2024, (USD Thousand)
Beer stabilizers also help in maintaining the beverage’s original flavor and keep it from going stale, thus significantly increasing shelf life without sacrificing on the taste. This further allows manufacturers to produce beer in larger quantities as they do not have to fret much about flavor attenuation and product lifespan.
It is anticipated that the expansion of the global beer market – that is growing rapidly due to growing customer demands brought on by rise in disposable income and population growth across the world, would be further propelling the beer stabilizers market growth as beermakers around the world continue to ramp up production to match the growing demands.
Unveiling global beer stabilizers market trends through a regional frame of reference:
Asia Pacific (APAC)
The APAC alcohol industry is apparently a booming market – in fact, according to the 2018 Alcohol Strategies in Asia conference, APAC is the world’s fastest growing market for the consumption of alcohol and accounts for over 30% of the world’s cumulative alcohol sales with beer taking up a major portion of the sales. Beer is anticipated to maintain its position as one of the bestselling alcoholic beverages in the region as the industry witnesses further growth. According to a report by Anheuser-Busch InBev (AB InBev), APAC is the largest consumer of the beer industry and is further expected to be responsible for over 50% of the industry’s growth in upcoming years. This indeed, is the most pivotal factor that would be fueling the expansion of APAC beer stabilizers market.
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Moreover, the craft culture – though in its infancy – has recently begun to pick up significant amount of steam in Asia. The segment, significantly prominent across Europe and America utilizes beer stabilizers to help maintain a consistent batch quality. Beer stabilizers are one of the main factors responsible for the expansion of craft culture and are anticipated to play a crucial role in the growth of the APAC beer stabilizers industry, projected to register a valuation of USD 21 million by 2024.
An already developed beer market, Europe is anticipated to contribute massively to the overall growth of the global beer stabilizers industry, on account of the rising disposable income that is responsible for increased consumer spending capacity and the availability of different alcoholic beverage variations that cater to a varied demographic. After China, the European Union (EU) is touted to be the second largest producer of beer in the world with over 6500 active breweries in the region.
According to Eurostat over 41 billion liters of alcoholic beer was produced in the EU in 2017 which is 2.5 billion liters more than the 2016 production numbers. This growing rate of beer production also provides a significant boost to the growth of the beer stabilizers market in Europe. Germany was the continent’s top beer producer in 2017 and was responsible for producing over 20% (8.1 billion liters) of the total EU production making the nation a leading contributor in the regional beer stabilizers market. As per estimates, Europe beer stabilizers market is expected to witness a modest CAGR of 5% over 2018-2024
Attributing to the extensive beer production numbers, the revenue graph of the beer stabilizers market will continue to depict an exponential growth. The demand for enhanced lifespan and flavor consistency in beer production is projected to alter the global beer stabilizers market dynamics over the forthcoming years.
Author Name : Akshay Kedari