Gluten free, baby food and preservatives industries are impacted by consumer changing habits
Today, ReportLinker’s top analysts have a look at the different segments that are influencing the food sector:
They firstly examine the potential of food preservatives impacted by a rising demand in ready to eat and quick to prepare food.
The gluten free food market is also examined as well as the key drivers backing the increasing demand globally.
Finally, they analyse the infant formula, baby food market and what it is driven by.
The global market is projected to display a robust growth represented by a CAGR of 4.93% during 2018 – 2023.
Advancements in real-time data processing and predictive analytics further help in discovering newer ways of utilising the data to generate insights for effective decision-making.
The segment of Antimicrobials followed by Antioxidants witnessed substantial growth at a noteworthy rate over the past few years and in the forecast period due to rapidly increasing youth population, growing working women population and enhanced demand for ready to eat and quick to prepare food products by surging youth population across the globe coupled with rising per capita income. During 2018-23, Food Preservatives Market is anticipated to grow at an appreciable rate due to surge in the growing investment by major food preservatives manufacturers in retail outlets and innovating the products, rising per capita income, expanding economy and enhanced expenditure on food and beverages products by consumers.
Amongst the regions, Asia Pacific accounts for the largest regional share in the global food preservatives market in 2018. Key factors driving the robust growth rate in Asia Pacific region include surging per capita income of consumers, presence of heavy consumer base backed with escalating investment by leading food manufacturers, changing lifestyle, growing urbanization etc. which are fuelling the demand of food preservatives in the market.
For more details, please visit: Global Food Preservatives Market
The global gluten free food market is projected to display a robust growth represented by a CAGR of 10.14% during 2018 – 2023.
Rising prevalence of celiac diseases across North America, primarily United States coupled with growth in the number of patients of the celiac diseases is backing the growth in the demand for the Gluten Free food. Additionally, on the back of an absence of treatment of celiac disease, the patient is bound to follow gluten free diet (GFD) for lifetime which not only propels the market for the gluten free food but also providing opportunities for the large food conglomerates and various home grown companies to venture in the gluten free food market.
Additionally, rising health related awareness, increasing labor force leading to rise in the affordability of premium food products, amplifying urbanized population is backing the demand for gluten free food products across the globe.
For more details, please visit: Global Gluten Free Food Market
The infant formula and baby food market is likely to grow at a CAGR of 5.12% during the forecast period of 2018-2026.
This sector is primarily driven by the factors like rising number of working parents, parental concerns about meeting their child’s nutritional benefits and increase in the spending power of the people.
The infant formula market is segmented into the following three categories :
1. Health : Market by health benefits cover areas like muscular growth, energy, immune system, blood enhancement, bones & teeth development, nervous system, brain & eye development, vascular system, and other benefits.
2. Product Type : dried baby foods, milk formula, prepared baby food and other types.The ingredient segment of this market includes milk products, cereals, vegetables, non-vegetarian food and fruits.
3. Packaging Type : the market is divided into flexible packaging, glass, rigid plastic, paper-based containers, metal and liquid cartons. Major distribution channels for this market are online retailing, supermarkets and hypermarkets, departmental stores, chemists and pharmacies and other channels.
For more details please visit: Global Infant Formula and Baby Food Market