Food and Beverages Industry Reports: March 2018

Friday, 9 March 2018

Halal Market is likely to grow substantially due to the increasing population of Muslims across the globe

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.

Browse Details of Report @ https://www.hexaresearch.com/research-report/halal-market

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

Browse Related Category Market Reports @
https://www.hexaresearch.com/research-category/food-and-beverages-industry

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Monday, 5 March 2018

Food Additives Market to be Worth $56 Billion by 2024

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.

Browse Details of Report @ https://www.hexaresearch.com/research-report/food-additives-industry

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.

Related Reports @
Food Fortifying Agents Market : Food fortifying agents market is expected to witness substantial growth over the forecast period owing to the increase in demand for food fortification in beverages and food products which helps in increasing the nutrient value of the products.

Starch Derivatives Market : Starch derivatives industry size is expected to increase significantly on account of growing usage in processed pharmaceuticals, foods and beverages.