FOOD, NUTRITION AND ANIMAL FEED

Coenzyme Q10 (CoQ10) market growth is boosted by rising demand for anti-aging creams and dietary supplements

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Overview

Global Coenzyme Q10 (CoQ10) Market size produced $351 million in terms of revenue for 2015 and may register CAGR of more than 10.1%. Strong application overview in cosmetics as well as medical sector in APAC and Europe is projected to promote industry expansion.

The product is extensively used in sunscreen lotion and anti-aging cream preparation to avoid skin damage by free radicals. Growing aging population can propel demand for food supplements and anti-aging creams. All these factors can fuel global coenzyme Q10 (CoQ10) industry trends. Furthermore, growing pollution and rising concerns about ultraviolet radiation effects on skin is projected to promote demand of sunscreen lotion. Product application in treating neurological ailments, kidney failure, periodontal and cancer is projected to propel global coenzyme Q10 (CoQ10) market growth. In addition to this, favorable trends observed in food supplements consumption all across the globe are projected to promote global coenzyme Q10 (CoQ10) market price trends.

Europe Coenzyme Q10 Market size, by application, 2013-2024 (USD Million)

Europe Coenzyme Q10 Market size, by application, 2013-2024 (USD Million)

However, lack of stringent rules in medical therapy can inhibit industry expansion. Tight raw substance supply in form of tryptone, peptone and hexane can affect global coenzyme Q10 (CoQ10) industry price trends.

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Application Overview

Global Coenzyme Q10 (CoQ10) industry is segmented into cosmetic application, pharmaceutical application and food supplement application.

Food supplement segment contributed more than $226 million for 2015. Increasing healthcare awareness due to growing levels of malnourishment is predicted to contribute towards segment growth. Furthermore, consumption of coenzyme Q10 through food supplements enhances blood levels and reinforces antioxidant features that prevents occurrence of major ailments caused due to metabolism problems and cellular oxidative injury.

Pharmaceutical application is predicted to experience gains of more than 9.6% during forecast timeline. Favorable effects on Parkinson and Migraine therapies is predicted to drive demand for coenzyme Q10 in this segment.

Cosmetics application segment is expected to exceed $141 million by end of forecast timeframe. It is expected to growth as the coenzyme Q10 product is utilized in cosmetics like skin moisturizers and anti-wrinkle products as well as sunscreen lotions.

Regional Overview

Global Coenzyme Q10 (CoQ10) market is segmented into various regions like North America, APAC, Europe, Middle East & Africa and Latin America.

North American industry, led by U.S. Coenzyme Q10 (CoQ10) market, produced more than $201 million revenue for 2015. Beverages and personal care items contributed a key share in U.S. industry growth.

APAC, with cosmetic sector expansion in India and China, is projected to record CAGR of more than 10.1%. Rising consciousness about nutritional items coupled with increase in per capita income is projected to boost APAC Coenzyme Q10 (CoQ10) industry growth.

Latin America, with growing cosmetic sector in Mexico and Brazil, is projected to promote industry demand. Growing disposable incomes coupled with favorable indicators for medical therapies is anticipated to promote product demand.

Competitive Overview

Key industry participants profiled in the report include Nisshin Sheifun Group Incorporation, PharmaEssentia, Vitamin Shoppe, Healthy Origins, SourceOne Global Partners LLC, Kaneka Corporation, Hwail Pharmaceutical Company Limited, Vitamin Shoppe Incorporation, Gnosis S.p.A, Tishcon Corporation, ZMC USA and Healthy Directions.

Author NameDhananjay Punekar

What is driving the production and growth of edible insects market?

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Global human population is anticipated to increase by more than 2 billion by end of 2050 giving rise to food problem. Increase in food production will lead to more pressure on environment. So consumption of edible insects is one of the food alternatives through which one can get high quality protein, amino acids and vitamins at affordable costs.Edible insects possess high food conversion rate and emit less greenhouse gases than traditional livestock. Furthermore, insect farming is cost effective as compared to cattle farming. Also, these insects are considered as a protein source for direct human consumption. They can be nourished and nurtured in a natural environment.As per Global Market Insights reports, edible insects market size was evaluated at $33.1 million for 2015 and is anticipated to record higher than 40.1% CAGR by end of forecast timeline. Growing acceptance of bug consumption all across the globe is predicted to drive global edible insects industry trends.

Overview
Today, there is rise in consumption of insects and bugs due to increasing health concerns among the global population. Bugs find their application in livestock like fish and poultry farms. It is projected that one hectare of land can produce minimum 151 tons of insect proteins every year. Awareness among the customers about fitness coupled with its growing use in food sector are the factors expected to drive the edible insects market expansion.

Edible insects are rich in minerals and contain large amounts of potassium, iron, magnesium, sodium and zinc. Intake of diet rich in mineral content has a positive impact on fighting dreaded ailments. Eatable insects are main source of oils and fats and contain large proportions of polyunsaturated fatty acids. All these aspects are anticipated to expand edible insects market share during forecast timeline.

U.S. Edible Insects Market size, by application, 2012-2023 (USD Million)

U.S. Edible Insects Market size, by application, 2012-2023 (USD Million)

Raw substance price is less that has resulted in enhancement in production and this directly affects edible insects market price trends. Cockroach oil is used as industrial lubricant or paint and this can provide new growth avenues for industry players to increase their product applications. However, edible insects can cause harm to health if they are harvested improperly. Limited regulations for edible insects can hinder industry expansion in future.

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Product Overview

Global industry is segmented into different products that include bees, scale insects & true bugs, beetles, wasps, caterpillars, ants and grasshoppers.

Beetles segment contributed higher than $9 million for 2015 in terms of revenue. Substituting conventional source of protein like beef or chicken can promote the demand for beetle in coming years.

Grasshoppers are considered as natural food and a rich protein source. The segment can expand substantially and is projected to record greater than 42.6% CAGR. These products are beneficial replacement for poultry and meat intake.

Application Overview

Industry is segmented into applications like snacks, flour and protein bars.

Snacks led the application segment and made a contribution of higher than $11.1 million for 2015. They are rich in amino acids, proteins, zinc, vitamins, calcium and potassium and these features can promote the segment expansion. Cricket based items are consumed as snacks as they are good for health and as they minimize carbohydrates and saturated fats.

Protein bars is projected to record 42.1% CAGR during forecast timeline and cross $166 million mark. They are mainly utilized in preparing smoothies, biscuits, muffins, soups, breads and desserts. Flour applications include mealworm and cricket in powdered form. Other main applications of edible insects are chocolates, protein shake and pasta.

Regional Overview

Global edible insects market is segmented into Asia Pacific, North America, Middle East & Africa, Latin America and Europe.

Asia Pacific industry, dominated by Thailand and China, was biggest region with higher than $10.1 million of revenue production for 2015.

Europe edible insects industry is projected to experience heavy expansion during forecast timeline and is dominated by countries like France, UK and Holland.

Latin America, dominated by Brazil, can expand substantially and Brazil edible insects market is anticipated to record 42.1% CAGR and surpass $55.1 million in terms of revenue during forecast timeframe.

Competitive Overview

Key industry participants profiled in the report include Thailand Unique, AgriProtein Technologies, Gathr Foods, Crik Nutrition, Crickers, ECOBARS, Bugeater Foods, Entomo Farms, Proti-Farm and HaoCheng Mealworm Incorporation.

Author NameDhananjay Punekar

Protein ingredient market growth is driven by increasing health awareness among customers

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Industry Insights
Global Protein Ingredient Market size was higher than $22.1 billion for 2015 and forecast to record CAGR of more than 7.1% by end of forecast timeframe. Rising customer consciousness about health advantages from nutrient intake coupled with growing importance of its use in cosmetics segment as well as in food & beverages segment is predicted to industry expansion.

Further, favorable impact on cardiovascular health and diabetes prevention coupled with muscle building has positively stimulated the industry demand. Approvals by European Union and Food & Drug Administration to utilize protein ingredients in customer products coupled with its wider adoption in countries like Canada, Australia and Japan are projected to promote global protein ingredient industry expansion. In addition to this, rising penetration of the application in cosmetic items and personal care items due to its healthy features are projected to propel global protein ingredient market trends.

Europe Plant Protein Ingredients Market size, by product, 2013-2024 (USD Million)

Europe Plant Protein Ingredients Market size, by product, 2013-2024 (USD Million)

However, low adoption of other ingredients owing to lack of consciousness can inhibit industry growth. Limited supply of soybean as well as rising demand from alternate applications and channels are key factors projected to affect global protein ingredient market price.

View a summary of the ”   Protein Ingredient Market size, Industry Analysis Report”
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Product Insights
Global protein ingredient industry is segmented into products like dairy proteins and plant proteins. Dairy proteins segment is further sub-segmented into whey protein hydrolysates, milk protein concentrates, gelatin, egg protein, whey protein isolates, caseinates, whey protein concentrates and gelatin. Plant proteins segment is sub-segmented into textured soy protein, wheat, pea, soy protein concentrates, soy protein isolates and canola.

Soy concentrates sub-segment dominated plant ingredient segment demand and was worth higher than $2.1 billion for 2015. Easy digestion, high nutrition value and better fat retention ability are main features stimulating demand of the product. Soy protein use in baked items, poultry, pet foods as milk substitutes for calves and breakfast cereals are key applications driving industry growth.

Among plant ingredient, canola is predicted to experience high gains and predicted to record CAGR of more than 12.1% by end of forecast timeline. Pea protein segment size can surpass 31 kilo tons by end of forecast timeline with higher than 10.1% expansion. Egg protein ingredient sub-segment led the dairy protein segment and was evaluated at higher than $10.1 billion for 2015.

Whey protein hydrolysate which is the sub-segment of plant protein segment is anticipated to record greater than 6.6% of CAGR by end of forecast timeline. Approval by FDA (Food & Drug Administration) and USDA (U.S. Department of Agriculture) to use these products in medicines and bakery items due to its emulsifying features is predicted to drive the sub-segment demand. Further, its rising use in cosmetics sector owing to its enriched supplements in ski and hair items is predicted to fuel demand for the product.

Application Insights
Global protein ingredient market is segmented into applications like animal feed, infant formulation, food & beverages and cosmetics & personal care.

Animal feed segment is further sub-segmented into aquaculture and pet food.

Food & beverage segment ked the application segment and was evaluated at higher than $11.6 billion for 2015. Factors like enhanced nutritional production, decrease in mixture timings and rising food fiber contents contributed for the segment growth. It is predicted to expand in future due to rise in customer purchasing capacity specifically in nations like Indonesia, India, China and Malaysia that can propel global protein ingredient industry development.

Personal care products segment can experience highest gains and is predicted to record CAGR of more than 5.1%. Factors like outstanding skin hydrating features coupled with its natural origin source makes protein ingredients fit for applying in shampoos, skin creams and sunscreens. All these factors are predicted to boost the segment demand.

Regional Insights
Global protein ingredient industry is segmented into North America, MEA, Latin America, Europe and APAC.

U.S. protein ingredient market share led the regional industry demand contributing more than $6.6 billion in revenue terms for 2015. Customer choice for healthy items along with government acceptance to utilize these ingredients in infant formulas, food and cosmetics has fueled the regional industry expansion.

Europe protein ingredient industry contributed higher than $7.1 billion in terms of revenue for 2015 and is predicted to experience heavy industry expansion.

APAC industry is anticipated to register CAGR of more than 7.1% during forecast timeline owing to heavy food & beverage sales in nations like India, Malaysia, China, Thailand and South Korea. Rise in customer expenditure on food supplements, nutrition and healthcare owing to increase in buying capacity is projected to propel regional industry expansion.

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Competitive Insights
Key industry participants profiled in the report include Cargill, Crop Energies Bio Wanze, Archer Daniels Midland, Fonterra, DuPont Solae, CHS, NutraScience, Roquette, Mead Johnson, Rousselot, Bunge, Scoular, Burcon, MGP Ingredients, Tessenderlo and Kewpie Egg Corporation.

Pea protein market to garner sizeable proceeds from sport supplement sales over 2018-2024, rising adoption of meat-free diet to impel the industry growth

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The global pea protein market is set to traverse alongside a highly lucrative growth chart, particularly on account of the ongoing trends toward vegetarianism, veganism and flexitarian habits. It is prudent to mention that millennials are the main drivers of this plant-based movement, with everyone from celebrities, athletes, social media influencers to major corporations supporting the same.

U.S. Pea Protein Market Size, By Product, 2017 & 2024, (Kilo Tons)
U.S. Pea Protein Market Size, By Product, 2017 & 2024, (Kilo Tons)

According to the latest research, there’s been a worldwide increase in veganism from 2014 to 2018, including top regions like Australia, New Zealand and Canada. The United States has witnessed a 600% increase in people identifying as vegans over the last three years. The number of people identifying as vegans in the UK has gone up by 350% and vegetarianism in Portugal surged by 400% over the last decade. Given the worldwide shift away from consuming animal products, the global pea protein market will witness a hefty demand as the consumption of vegan protein sourced from peas will increase.

The rising popularity of veganism and its contribution toward pea protein industry expansion:

Plant-based diets are growing across the world and are immensely supported by small-scale as well as major food and beverage corporations who are positively responding to consumer’s changing food preferences. For instance, in August 2018, coffee giant Starbucks launched its first-ever vegan protein cold brew drinks. The drinks were made with slow-steeped Starbucks Cold Brew and alternative plant-based proteins made from pea and brown rice.

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Another instance worth mentioning is Dubai-based airline Emirates using over 170 vegan recipes to suffice increasing vegan meal requests. Their efforts even earned them the Best Airline for Vegan Meals title in a poll by Vegan News.

In addition, the emergence of modern vegan restaurants will further boost product demand. For example, the Etsy Headquarters in Brooklyn is about to receive a 4,500 square foot vegan eatery. Meanwhile, Tokyo International Airport, which is the world’s fourth most traveled airport got its first 100% vegan café to meet the growing demand for plant-based food and beverage by tourists visiting Japan.

As more and more restaurants and businesses adopt vegan recipes, the demand for pea protein will surge owing to its use as protein content for vegetarian meals, which will in return fuel the global pea protein market growth.

Pea protein industry trends from sport supplement applications:

The demand for proteins across the sports sector has also been complementing global pea protein market growth. Lately, several professional athletes including renowned names like Venus Williams, Tom Brady, and some NBA players are proving that a plant-based diet can fuel excellence.

For instance, Kyrie Irving, player for the Boston Celtics of the National Basketball Association chose a plant-based diet over the offseason in 2017 to improve his performance. He later revealed his positive health and performance updates from switching to a plant-based diet.

The growing popularity of veganism among sports personalities is bound to drive the demand for vegetarian sports supplements or protein powders. The increasing use of pea protein in sports nutrition products will thus drive the industry trends across myriad geographies in the years to come. A report by Global Market Insights, Inc., claims that Germany pea protein market size from sports supplement applications is anticipated to record a CAGR of 11% over 2018-2024.

The growing demand for milk alternatives is another significant factor augmenting the pea protein market, particularly due to rising cases of lactose intolerance and increasing demand for plant-based milk.

As per Genetics Home Reference, about 65% of humans have a reduced capability to digest lactose post infancy. Lactose intolerance is most prevalent among East Asian adults, affecting over 90% within this community. The condition is also common in certain European nations like Finland, where it affects 1 in 60,000 newborns.

A survey conducted on 2,006 adults unveiled that 48% of Americans purchase both vegan and dairy milk varieties. However, over 51% believe that vegan variety offers more, or equal protein quality compared to dairy. Meanwhile, UK’s sale of dairy-free milk surged by 30 percent between 2015 and 2017. Owing to the rising demand for plant-based milk, Whole Foods recently unveiled that it will be introducing the first range of pea milk products in the UK by Mighty Society.

Shifting food and beverage consumption trends such as the aforesaid are expected to massively drive the pea protein market growth in the years ahead. Indeed, it comes as no surprise that the pea protein market size is estimated to cross $160 million by 2024, driven mainly by paradigm shift toward vegan and vegetarian diets.

Author NameKrithika Krishnan

Increasing use of plant extracts as natural growth promoters as antibiotic substitutes for livestock production is likely to drive feed phytogenics market

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Feed phytogenics market size is forecast to exceed 145 kilotons from 2015 to 2022, with growth projected at over 2.5%. Global Market Insights has announced the addition of their detailed report on these plant derivate products market. The report discusses in depth analysis of market trends, drivers, restraints, challenges, opportunities as well as the competitive landscape of the market. The report estimates the global market size of these natural growth promoters in terms of value.

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The market is forecast to witness significant growth on account of its growing application in animal feed owing to the rising demand for meat over the projected time frame. These feed additives are natural growth promoters obtained from herbs, spices, and other plants. Increasing dependence on NGPs for livestock, including poultry, swine and cattle is anticipated to have the positive impact on the market growth.

Feed Phytogenics Market Size

Animal feed industry growth owing to increase in per capita meat consumption together with rising expenses for breed management is forecast to drive the NCPs market over the next few years. Rising fortification of phytogenics in bovine feed to add flavor and to stimulate high feed intake for growth and reproduction is also expected to further the market growth.

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Essential oils is a major segment of this market. Growing demand for essential oils that play important role in improving animal performance is forecast to favor the market growth. Moreover, increasing R&D expenses in application of these products is expected to have positive impacts over the predicted time frame. Swine applications are also projected to witness moderate gain during the estimated period.

Key regions covered:

The report estimates the market of growth promoters in key markets of Europe, and Asia pacific region. Asia pacific region is expected to continue its dominance for meat consumption in the market.  Europe phytogenics market is likely to grow at a moderate rate over the next few years.

Key players in the market:

The report discusses the following key market players, their profiles and key strategies. Some of the key companies included in report are:

  • Bioamin
  • Delacon Biotechnik,
  • Pancosma SA
  • Nutricare Lifesciences
  • Silvestris
  • Nor-Feed Sud
  • TrueVet

Key Topics Covered in the report:

  • Market Definition for Feed Phytogenics along with restraints, drivers of the market
  • Analysis with competitive landscape and assessments on a regional scale
  • Recognition of factors influencing the market scenarios and key market players,company profiles and strategic activities.
  • Insights on prospective opportunities and challenges

Author NameDhananjay Punekar

Increasing consumer awareness towards adopting nutrient fortified food for maintaining healthy diet owing to hectic lifestyle is likely to drive EPA/DHA ingredients market growth

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According to new study report by Global Market Insights Inc. EPA-DHA omega 3 ingredients market size is forecast to be worth USD 3.7 billion from 2015 to 2022. The omega 3 ingredients market can be classified, as EPA (eicosapentaenoic acid), DHA (adocosahexaenoic acid), and ALA (aplha-linolenic acid) on the basis of type. The market can be segmented, on the basis of applications as infant formulas, pharmaceuticals, animal and pet feed, functional foods and supplements. It provides informed market outlook, coupled with potential market demand.  It details the raw material segment of the global market in terms of volume (in metric tons) and value (in U.S. dollars).

View a summary of the “EPADHA (Omega 3) Ingredients Market Size, Industry Analysis Report” @ https://www.gminsights.com/industry-analysis/EPA-DHA-omega-3-ingredients-market

Supplements and functional foods market is expected to continue dominance in the application category of omega 3 ingredients market during the projected time frame. The growth is attributed to rising awareness regarding the benefits of consuming nutrient fortified Omega 3 rich supplements, and functional foods.

EPADHA (Omega 3) Ingredients Market Size

The global omega 3 ingredients market is witnessing a substantial growth owing to consumer health concerns and improved application scope for omega 3 fatty acids. Further, advent of technology for better encapsulation coupled with the increasing fish oil market has opened numerous avenues for the development of substitute sources including flax seeds and algae for extracting omega 3 ingredients. Tight raw material supply is likely to impel EPA/DHA ingredients market price trend over the projected period. Pharmaceuticals applications are projected to propel at a stimulating rate of more than 5.5% by 2022. Increasing significance and application range of pharmaceutical formulations for cholesterol-reducing are expected to further the growth of omega 3 ingredients market.

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The report covers the thorough analysis of the market at a regional level with detailed analysis of market size. North America tops the global (EPA/DHA) omega 3 ingredients market, owing to the increasing awareness of EPA/DHA omega3 ingredients, growing health consciousness and rise in consumer expenses on healthy food products.

APAC China and Japan in particular are likely to see growth in market share during the forecast period.  Europe omega 3 market region is anticipated to observe steady gains.

Key participants in the EPA/DHA Omega 3 market are profiled in the report coupled with key business strategies, operation and financial metrics, service and product analysis and current trends. DSM, Pronova, Omega Protein, Croda, BASF, Aker BioMarine, EPAX, GC Rieber Oils, BioProcess Algae, Lonza, and Martek Biosciences are some of the major companies covered in the report.

Author NameDhananjay Punekar