Functional Food Market:
WiseGuyReports.com adds “Global Functional Food Market Size, Status and Forecast 2020-2030” reports to its database.
Executive Summary
The global functional food market is expected decline from $174.6 billion in 2019 and to $169.5 billion in 2020 at a compound annual growth rate (CAGR) of -2.9%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $209.9 billion in 2023 at CAGR of 7.4%.
The functional food market consists of sales of functional food and related services. Functional food is highly nutritious and is associated with many health benefits. The benefits include prevention against nutrition deficiencies, protection against diseases, improved cholesterol levels, lower blood pressure, and promote proper growth & development.
Asia Pacific was the largest region in the functional foods market in 2019.
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Key players dealing in the functional food market are increasingly focusing on new product developments and company expansion in order to meet the rising demand from the consumers. For instance, in September 2019, Tyson Foods Inc. announced the launch of its new brand Pact Snack Bites, a line of functional refrigerated protein snacks. Pack Snacks Bites are produced with fruits, nuts, and functional ingredients such as probiotic cultures, turmeric, kombucha, matcha, collagen protein, and prebiotic fiber.
The functional foods market covered in this report is segmented by product type into bakery & cereals, dairy products, meat, fish & eggs, soy products, fats & oils, others. It is also segmented by ingredients into carotenoids, dietary fibers, fatty acids, minerals, prebiotics & probiotics, vitamins, others and by application into sports nutrition, weight management, immunity, digestive health, clinical nutrition, cardio health, others.
The higher price of functional food products attributing to the inclusion of healthier or natural ingredients is to limit the growth of the functional food market. The functional foods are sold at higher prices and holds larger profit margins than conventional food. The price of functional food is considerably 30 to 500% above similar conventional foods. Thus, the higher prices of functional food are to act as a major restraint for the growth of the functional food market over the forthcoming years.
In June 2019, Mars, an American manufacturer of pet food, confectionery, and other foods, signed an agreement to acquire a majority stake in Foodspring, a German functional food & beverage company. Foodspring was founded in 2013 and is the fastest-growing targeted nutritional business in Europe. The product portfolio of food spring includes protein supplements, snacks, bars, shakes, porridge, and muesli.
The increasing number of diseases is shifting consumer's focus on healthy eating, which in turn, is projected to boost the demand for functional foods. Functional food provides the human body with healthy nutrition, vitamins & minerals, and reduce the risk of diseases. According to the Centre for Disease Control and Prevention, heart disease is a leading case of death in the USA and about 6,47, 000 Americans die from heart disease every year, which is one of every 4 deaths. Therefore, the increasing number of cardiovascular and other diseases across the globe is anticipated to generate higher demand for a healthy diet, which in turn, is likely to propel the revenues for the functional food market over the forecast period.
Major players in the functional food market are Unilever, BNL Food Group, Dean Foods, The Coca-Cola Company, Arla Foods, Abbott Laboratories, PepsiCo Inc., Kraft Foods Inc., and Nestle.
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Polysilicon Market:WiseGuyReports.com adds “Global Polysilicon Market Size, Status and Forecast 2020-2025” reports to its database.Executive SummaryThe Global Polysilicon Market valued at USD 7426 million in the year 2019 has been witnessing unprecedented growth.
Massive investments in expansion of solar capacity across the globe is a key driving factor for the growth of the Polysilicon market.
Governments of developing and developed countries and industrial sectors are emphasizing on the expansion of renewable energy sources, in which solar energy appears to show high potential.
Thus, policy makers, regulatory bodies and industrial sectors are investing enormously in the solar energy sector.
This is generating remarkable demand for solar panels across the globe.
The growth of the Polysilicon industry will however be slowed down because of the COVID-19 pandemic, which has completely halted all industries including manufacturing and logistics.Among the Application segment in the Polysilicon market (Solar Photovoltaic and Semiconductors), Solar Photovoltaic has been gaining popularity among other segments and is expected to keep major market share in the forecast period because of the adoption of energy sources that are sustainable.
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Market Research Future Published a Half-Cooked Research Report on Global Ink Resins Market Research Report - Global Forecast Till 2025 Global Ink Resins Market – SegmentationsThe Covid-19 Ink Resins Market Analysis has been segmented into four main dynamics to widen the scope of understanding,By Type: Modified Resin, Cellulose, Acrylic, Polyamide, Hydrocarbon, Polyurethane, and others.By Printing Process: Flexographic, Lithographic, Gravure, Digital, Letterpress, and others.By Application: Printing & Publication, Corrugated Boards, Flexible Packaging, and others.By Regions: Americas, Europe, Asia-Pacific, Middle East & Africa, and Rest-of-the-World.Global Ink Resins Market - Competitive LandscapeHighly competitive, the Ink Resins Market appears to be fragmented due to the presence of several large and small-scale players.
For business expansion, they acquire small yet promising companies in the emerging markets, focusing on optimized situational awareness for customers.
Rising strategic initiatives are changing the market structure by increasing the profit of the acquiring company and reducing market competition significantly.Major Players:Players Leading the Global Ink Resins Market include Arakawa Chemical Industries, Ltd (Japan), BASF SE (Germany), DowDuPont Inc (US), Royal DSM NV (Netherlands), Hydrite Chemical (US), Evonik Industries AG (Germany), Lawter (US), Indulor Chemie GmbH (Germany), Arizona Chemical Company, LLC (US), IGM Resins, Inc. (The Netherlands), US-Polymers-Accurez LLC (US), and Kraton Corporation (US), among others.Get Free Sample @ https://www.marketresearchfuture.com/sample_request/5093Industry/Innovation/Related News:November 09, 2019 —- Ingevity (the US), a specialty chemicals and materials manufacturer & supplier, launched its new environmentally friendly ink resin product line - AltaPrint.
Now available globally, The AltaPrint family of products offers customers a more eco-friendly solution without sacrificing gloss and film hardness performance characteristics.
The largest market share attributes to the growing demand from the packaging industry and expanding production capacities in the region.
Besides, factors such as the rising trend of on-the-go packaged food items & online shopping and the burgeoning eCommerce market in the region drive the market growth substantially.The presence of dynamically emerging economies in the region such as India, Japan, China, Singapore, and South Korea impacts the regional market growth positively.
