Metal Can Market Analysis and Forecasts

Metal cans are containers that offer the storage and distribution of various products including such as chemicals, food & beverages, oil and so on. The Global Metal Can Market is anticipated to grow at a CAGR of 3 % over the forecast period (from 2016 to 2024). Various factors including environmental benefits offered by these cans, like fast recycle rate and the rising demands for canned food & beverages are expected to drive the global market.

However, with the advent of High-Density Polyethylene (HDPE) and Polyethylene Terephthalate (PET) in the packaging industry, these cans lost their major share in the industry. Moreover, the unstable prices of raw materials also pose a challenge to the market growth. By focusing on fresh product development and innovations, the manufacturers can ensure a considerable growth over the estimated years. The global market is divided into products and regions.

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The products sector of the metal can market includes soups, sports drinks, energy drinks, alcoholic beverages, carbonated soft drinks, fruits, vegetables, miscellaneous foods. The beverages sector dominated the global market and is further expected to grow at a CAGR of over 3.1 % during the forecast period. This can be attributed to its benefits such as extended coolness and better protection from UV rays. In addition, product differentiation and innovation in the sizes and shapes of metal cans is said to spur the demand in the sector.

Geographically, North America dominated the overall market in 2015 occupying over 31 % of the total market share. The market is projected to witness a rapid growth on account of high consumption of canned food & beverages in the region.

The APAC region is anticipated to experience the fastest growth due to the rising disposable income levels along with the increased preferences towards canned food products. The region is likely to grow at a healthy CAGR of over 4.3 % over the estimated years.

The major companies in the global metal can market are Amcor Ltd.; CPMC Holdings Ltd.; Ardagh Packaging Group PLC.; Siligan Containers Corp.; Sonoco Phoenix Inc.; Crown Holdings Inc.; Ball Corp.; BWAY Corp.; Rexam PLC.; and Kian Joo Group.

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Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

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Food Additives Market Trends and Analysis

The global Food Additives Market is anticipated to reach USD 56 billion by 2024. Rapid growth in the food & beverage industry in the Middle East and BRICS (Brazil, Russia, India, China, and South Africa)-as a result of growing domestic consumption and rising foreign direct investments-is projected to augment the market growth. Increasing awareness about different types of tastes is also likely to act as an important growth driving factor. In addition, manufacturers are increasing their production capacities due to rising demands for packaged foods including ready-to-eat products, frozen meals etc. which will eventually therefore augment the market growth. The global market is categorized as products and regions.

The product sector comprises flavors & enhancers (natural, artificial), enzymes, sweeteners (high intensity, HFCS), emulsifiers (mono, lecithin, di-glycerides, sorbitan esters, stearoyl lactylates), fat replacers (protein, starch), and shelf-life stabilizers. The enzymes sector is estimated to remain the fastest-growing sector, with a CAGR of over 6 % from 2016 to 2024. Flavors & enhancers dominated the application sector in 2016 accounting for 30 % of the total market revenue. The natural flavors sector is likely to grow at a healthy CAGR of over 6 % from 2016 to 2024.

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Sweeteners are mainly used in formulating F&B products. Moreover, growing health concerns such as tooth decay, diabetes, etc. and rising importance of low-cal food products are anticipated to augment the demands for sugar substitutes such as High Fructose Corn Syrup (HFCS) and High-Intensity Sugars (HIS). The sector is projected to grow at a CAGR of over 5 % during the estimated years.

The Europe food additives market held over 30 % of the overall share in 2016 due to growing significance of functional ingredients to integrate properties such as flavor, shelf life-extension, and emulsification. The Asia-Pacific region accounted for 27 % in 2015 and is anticipated to experience considerable gains over the next few years. The Indian market is likely to grow at a decent CAGR of over 5 % during the forecast period. The Middle East is said to be the high-potential market on account of rising domestic consumption along with the favorable support to attract fresh investments.

The major companies in the food additives market include BASF SE; E. I. du Pont de Nemours and Company; Eastman Chemical Company; and Cargill Inc.


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About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:

Ryan Shaw

Hexa Research

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Felton, California 95018

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Email: sales@hexaresearch.com

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Pea Protein Market Size and Industry Outlook

Pea protein is a food additive, majorly used in cheese and yogurt. The Pea Protein Market is predicted to grow due to health consciousness among consumers and demand of pea protein supplements. Renewed interest in gluten-free products, acceptance of meat substitutes amid the lactose intolerance levels among teens is augmenting market demand.

Plant-based supplements made from wheat, canola, and soy can pose a market challenge. But development of novel products could open up new market avenues. The global pea protein market is segmented according to products, applications, and regions. Products include textured pea protein, isolates, and concentrates.

Meat substitutes and sports nutrition supplements are manufactured using isolates. This can be on account of high amino acid content, high solubility, and good water binding. Textured pea proteins are heavily used in dairy supplements and beverages owing to their similar appearance to meat. Pea concentrates used in beverages, aquafeed, and foods constitute about 75% protein.

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Dietary supplements, sports supplements, meat substitutes, nutraceuticals, and others are major market applications. Dietary supplements are the largest application of the pea protein market on account of consumer awareness about nutraceuticals. Concerns regarding meat allergies will spur the demand for meat substitutes. It will be the fastest growing application over the forecast period (2016-2024).

Regions covered under the market are Latin America, North America, Middle East & Africa (MEA), Asia Pacific, and Europe. North America is a major region for the industry due to concerns of cardiovascular diseases and the booming sports industry. Rising cases of lactose intolerance will see major growth in Europe. Asia Pacific can experience a major demand boost due to consumption of nutrient-based foods and supplements. New regulations in the agricultural industry in China & India would see an upsurge of raw material to pea protein manufacturers.

Major players of the pea protein market are Roquette Frères, Shandong Jianyuan Foods Co., Ltd., Burcon Nutrascience Corporation, and Shandong Jianyuan Foods Co., Ltd. They have formed alliances with domestic distributors to ensure a steady product supply in high-demand regions. Roquette Frères produces pea proteins under the brand name – NUTRALYS. Burcon, on the other hand, has managed to manufacture vegetable-based protein which is transparent and 100% soluble.

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About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:

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Hexa Research

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Animal Feed Additives Market Size

Global Animal Feed Additives Market size was estimated at USD 16 billion in 2014. Growing meat consumption as a key protein source, especially in Asia Pacific and Latin America is expected to be a key driver for market demand over the forecast period. Increased focus on product innovation, resulting in high R&D spending is expected to provide new growth opportunities to industry participants. 

High degree of regulatory intervention in developed markets of North America and Europe, coupled with raw material supply issues are expected to challenge product growth over the next seven years. Asia Pacific and LATAM animal feed additive markets, which are comparatively less regulated, are expected to reach USD 7.2 billion and USD 2 billion by 2022, respectively. 

With frequent regulatory updates and increasing R&D spending, the global feed additive industry is constantly evolving. In recent times, there has been a significant increase in mergers, acquisitions and partnerships among market participants, in order to enhance product portfolio, gain access to regional markets and to avail synergetic benefits, As a result, we have witnessed companies increasing their presence across the value chain by integrating and diversifying their product portfolio.

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Key report insights suggest:

- Global animal feed additives market was valued at USD 16 billion in 2014 and is expected to reach USD 21.9 billion by 2022, growing at a CAGR of 4% from 2015 to 2022.

- Poultry feed additives dominate the market, with revenue estimated at USD 6.1 billion in 2014 and expected to grow at a CAGR of 4.3% from 2015 to 2022. Aquaculture feed additives market is expected to reach USD 1.29 billion by 2022, with an estimated CAGR of 4.2% over the next seven years.

- Amino acids accounted for over 30% of global demand in 2014, with revenue estimated to reach USD 8 billion by 2022. The demand for feed enzymes and acidifiers is expected to grow at a CAGR of 5.3% and 6.5% from 2015 to 2022, respectively.

- North America and Europe together accounted for over 55% of the global revenue in 2014 and are expected to witness marginal gains over the forecast period, owing to regulatory constraints and raw material issues.

- Asia Pacific animal feed additive market was dominated by India and China, together accounting for around 70% of overall regional revenue in 2014. Brazil dominated the LATAM market similarly, accounting for 80% of total revenue in the same year.

- The global industry is significantly concentrated and displays oligopolistic characteristics. Key companies in the market include integrated players such as DSM, Evonik, and BASF along with specialists such as Danisco, Elanco, Cargill Novozymes, Kemin, Novus etc.

HexaResearch has segmented the animal feed additives market on the basis of product, application and region for this report:

Global Animal Feed Additives, By Product (Revenue, USD Million, 2012 - 2022)

Antibiotics

- Vitamins

   - Vitamin A

   - Vitamin E

   - Vitamin B

   - Vitamin C

   - Other Vitamins

- Antioxidants

- Amino Acids

   - Lysine

   - Methionine

   - Threonine

   - Tryptophan

   - Other Amino Acids

- Feed Enzymes

   - Phytase

   - Non Starch Polysaccharides & Other

- Feed Acidifiers

Global Animal Feed Additives, By Application (Revenue, USD Million, 2012 - 2022)

- Pork/Swine

- Poultry

- Cattle

- Aquaculture

- Other

Global Animal Feed Additives, By Region (Revenue, USD Million, 2012 - 2022)

- North America

   - U.S.

- Europe

   - Germany

   - Italy

   - UK

- Asia Pacific

   - China

   - India

   - Japan

- Middle East & Africa (MEA)

- LATAM (Latin America)

   - Brazil

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Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

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Hexa Research

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Probiotics Market Share and Industry Overview

The global Probiotics Market was estimated at over USD 32 billion in 2015. Probiotics are living microorganisms enhance the immune system and help in various urological intestinal disorders.

Prebiotics provide health benefits beyond the traditional nutritional function therefore, they are considered as functional foods. The growth of the functional food industry is expected to drive the market in the coming years.

Lack of awareness among the consumers about the benefits of probiotics in some regions can hinder market growth. The market is segmented into applications, end-users, and regions.

On the basis of applications the market is divided into dietary supplements, food & beverages, and animal feed. Food & beverages accounted for more than 80% of the total market revenue in 2015. This sector consists of bakery, breakfast cereals, dairy, fermented meat, fats & oils, fish & eggs, and soy products.

Dietary supplement demand is likely to witness the fastest growth during the forecast period. These supplements are commercially found in forms of capsules, powders, and tablets.

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End-users include human probiotics and animal probiotics. Human probiotics accounted for over 90% of the total market in 2015. An increase in the standard of living and disposable income in LMEA (Latin America, the Middle East, & Africa) and Asia Pacific can impel market growth in the coming years.

Animal feed probiotics is anticipated to grow at a robustly till in the near future. Growing concerns about animal health due to the growth in the meat consumption and recent animal disease outbreaks are key factors that are anticipated to encourage global animal probiotics market.

Regions encompass North America, Europe, Asia Pacific, and the Rest of the World (RoW). Asia Pacific probiotics led the global market, holding revenues over 40% in 2015. Prevalence of diabetes in the youth population has promoted the role of probiotics industry in the region.

North America is expected to witness moderate growth. The United States of America dominated the regional market. Obesity, digestive disorders, and diabetes, and other growing health concerns can play a major role in the growth the market in this region.

Key players of the probiotics market are Danone, Nestle S.A, Danisco, Mother Dairy Fruits & Vegetables Private Limited, and Nestle S.A. Players often adopt strategies like acquisitions, mergers, and strategic alliances to expand their markets.

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About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:

Ryan Shaw

Hexa Research

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United States

Phone: +1-800-489-3075

Email: sales@hexaresearch.com

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Halal Market Overview, Industry Trends and Growth Prospects 2024

The global Halal Market size was valued at USD 5.73 trillion in 2016 and is expected to grow on account of rising Muslim population and increasing availability of these products & services. Increasing spending on Halal products & services by consumers besides Muslims is expected to trigger the growth of the market over the forecast period.

The Islamic finance sector has witnessed tremendous growth over the past few years with the emergence of crowd funding platforms including Human Crescent. Lack of awareness has resulted in an enormous opportunity for products & services offered by this segment. The segment is likely to grow at a CAGR of 10.5% from 2017 to 2024.

Speedy growth of economies in the Middle East and South East Asia are expected to augment the growth of the market owing to the presence of large Muslim population. These economies are likely to emerge as popular destinations for food and fashion. The Middle East halal market is expected to witness a double-digit growth generating revenues worth USD 6.53 trillion by 2024.

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The demand for qualified halal products among non-Muslim customers has been on the upsurge as more consumers are looking for high superiority, safe and righteous products. Non-Muslim consumers in Asia Pacific are likely to play a vital role in driving the regional market making it the second largest marketplace after the Middle East, contributing to 30.9% of the global revenues by 2024.

The Islamic economy is being driven primarily by the increasing youth population with high disposable incomes. These factors are likely to drive various segments of the halal market including fashion, food, finance, travel, and media & recreation. Moreover, increasing availability of these products & services is expected to fuel the growth of the market over the projected period.

Keeping in mind the growth of the global halal industry, several food companies including KFC and Nestle are offering halal products to their Muslim consumers. The emergence of Islamic finance institutions offering finance and banking assets are expected to provide further impetus to businesses that are focusing on venturing into the halal industry, thereby resulting in tremendous growth of the global halal industry over the next few years.

Hexa Research has segmented the global halal market based on product and region:

Segmentation by product, 2014 - 2024 (USD Billion)

• Food & Beverages

• Travel

• Media & Recreation

• Finance

• Fashion

• Pharmaceutical

• Cosmetics

Segmentation by region, 2014 - 2024 (USD Billion)

• Americas

    • U.S.

• Europe

    • Turkey

    • Russia

• Asia Pacific

    • Indonesia

    • India

• Middle East

    • Saudi Arabia

    • Iran

• Africa

Key players analysed:

• Diana Kotb

• INAYAH

• Al-Rajhi Bank

• Al-Salam Bank

• MMA Bio Lab SdnBhd

• Ivy Beauty Corporation SdnBhd

• Nema Food Company

• Midamar

• Chemical Company of Malaysia Berhad (CCM Pharmaceuticals SdnBhd)

• PharmaniagaBhd

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