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Nestle to launch Vital Pursuit frozen-food brand targeting GLP-1 users
Vital Pursuit’s Garlic Herb Grilled Chicken Bowl Source: Nestle North America Nestle is launching a new frozen-food brand, Vital Pursuit, aimed at the growing market of consumers who are using GLP-1 drugs like Ozempic and Wegovy. Over the last year, the buzzy weight loss and diabetes drugs have taken off as more options hit the market and celebrities like Oprah Winfrey and Elon Musk endorse…
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Food supply chains are so far holding up during coronavirus outbreak, CEOs say
Food supply chains have so far held up despite the coronavirus bringing swaths of the American economy to a halt, CEOs from across the industry told CNBC on Friday.
“As of right now, the supply chain remains strong. It remains healthy,” Chipotle CEO Brian Niccol said on “Power Lunch.” “We’re fortunate that we’ve got such great partners getting us the Chipotle food we need to run our business.”
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Food supply chains are so far holding up during coronavirus outbreak, CEOs say
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Food supply chains have so far held up despite the coronavirus bringing swaths of the American economy to a halt, CEOs from across the industry told CNBC on Friday.
“As of right now, the supply chain remains strong. It remains healthy,” Chipotle CEO Brian Niccol said on “Power Lunch.” “We’re fortunate that we’ve got such great partners getting us the Chipotle food we need to run our…
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Nestlé, continua l'espansione in Brasile
#Nestlé SA aumenterà i suoi prodotti naturali e biologici in Brasile, il suo mercato n. 4 in tutto il mondo, come parte di un più ampio piano americano
Nestlé e i suoi progetti
Nestlé SA (S: NESN ) aumenterà i suoi prodotti naturali e biologici in Brasile, il suo mercato n. 4 in tutto il mondo, come parte di un più ampio piano americano per il taglio di zuccheri, sodio e grassi saturi nel suo cibo, ha detto il portavoce.
La filiale locale di Nestlé, con sede in Svizzera, ha in programma 25 iniziative per il 2019, rispetto alle 20 dello…
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Myriad Factors Driving Frequency of Consumption Including Launch of New Flavors, & Aromas to Drive the Global Market for Hot Beverages
Growing publicity over health benefits of tea and coffee, popularity of single cup brewers, and launch of innovative exotic new flavors and formats including nutritive protein-fortified, organic ‘better-for-you’ varieties are poised to drive the global market for Hot Beverages (Coffee and Tea) in terms of volume to exceed 19 million tons by 2024.
Hot beverages represent one of the most integral components of the foodservice market. As a healthy, refreshing and affordable beverage, tea and coffee continuous to benefit from consumer diversion from carbonated beverages, diet soda, fruit beverages, and milk. Taste, convenience, price, and ingredients represent the most influential factors that determine demand for hot beverages. Although demand for hot beverages varies with region, several factors are driving growth at the global level including increasing health-consciousness, convenience, wide range of options, and customization to local tastes, among others. With consumers increasingly preferring novel, innovative and sophisticated products, premium tea and fresh coffee beans have taken center stage. Convenience is the most important factor driving growth in retail outlets and food service outlets. Another noticeable trend in the market has been the prominence of borrowing among categories and also blurring of the line of differentiation. There is immense ‘borrowing’ taking place right now between not just tea and coffee categories but also from other drinks like beers and cocktails, among others, leading to what can be termed as the craft-beverage movement.
Future growth in the market will be driven by increasing popularity of tea across all age groups, especially health-conscious consumers. Tea has emerged as a bright spot in the beverage market due to its numerous health benefits in terms of rich in antioxidants that minimize damage caused by free radicals, preventing and even treating various ailments such as degenerative and cardiovascular diseases as well as esophageal, colon, and stomach cancer. Supported by scientific research, these health benefits have established tea as an attractive beverage option among sophisticated and informed consumer demographics. Other important factors driving market growth include rising preference for on-the-go tea and coffee products; rise of single-pod coffee machines as the preferred at-home alternative; unabated popularity of green tea; growing consumer interest in exotic flavors, sensory experiences and indulgent products; emergence of crossover and hybridized coffee and tea options; and the steady evolution of hot drinks customization. Innovative packaging formats that are portable, easy-to-use, and easy-to-consume; and alarming rise in the global obesity epidemic that require functional beverages that offer health benefits as well as target weight loss are also expected benefit market prospects in the near term. Immense popularity of instant coffee, particularly in the developing countries, supported by the cost, versatility, localization, and convenience factors will add further impetus to market growth.
As stated by the new market research report on Hot Beverages (Coffee and Tea), Asia-Pacific represents the largest and the fastest growing market with a volume CAGR of 5.0% over the analysis period. Presence of two of the leading producers and consumers of coffee and tea, China and India; expanding population; burgeoning middle class; rising income levels; rapid urbanization; growing brand awareness; Westernization and preference for lifestyle products; and mushrooming specialty coffee outlets, represent key growth drivers in the region. The lower penetration level of premium and specialty coffee and tea varieties, improving retail infrastructure and the growing markets in the second tier cities in most Asian countries are also expected to offer lucrative market growth opportunities.
Key players in the market include Celestial Seasonings, Inc., Costa Limited, Dilmah (Ceylon Tea Services PLC.), Harney & Sons, JAB Holding Company, JDB (China) Beverages Ltd., Jacobs Douwe Egberts, J.M. Smucker Company, Kraft Heinz Company, Luigi Lavazza S.p.A., McCafé, Nestlé S.A., R. Twining and Company Limited, Segafredo Zanetti SpA, Starbucks Corporation, Strauss Group Ltd., Tata Global Beverages, Tchibo GmbH, Tim Hortons Inc., UCC UESHIMA COFFEE CO., LTD., Unilever PLC, and Yorkshire Tea, among others.
The research report titled “Hot Beverages (Coffee and Tea) – Market Analysis, Trends, and Forecasts” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, mergers, acquisitions, and other strategic activities of major companies. The report provides market estimates and projections in value and volume for all major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil, Mexico and Rest of Latin America), and Rest of World. Product categories analyzed include Coffee and Tea.
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Sauces, Condiments and Dressing Market Accounting for a Value of over US$ 14,500 Mn by the End of 2026
Changing taste patterns of the customers has led them to experiment with new delicacies and flavors. Demand for the spicy food products is expected to rev up with the increasing preference for organic and natural food flavors. Consumption of food products such as pasta and rice with various sauces, condiments and dressing continues to remain in vogue globally. Increasing shift towards consumption of spicy food products is further expected to boost demand for various condiments, sauces, and dressing significantly. Growing need to control the pH in sauces continues to remain a major challenge among the sauce manufacturers. In order to control the pH in sauces and offer enhanced flavor has led to surge in acidification process of the sauces.
According to Fact.MR, the global sauces, condiments and dressing market is expected to represent a value of over US$ 110,300 Mn by the end of 2026.
Convenience Products to Impact Global Market Growth
As customers are becoming more conscious about their health, manufacturers are increasingly opting for organic and natural ingredients for food products. Demand for food products that have minimum or no additives or preservatives continue to remain high among the modern consumers. In addition, surge in demand for on-the-go and convenience food products has led the manufacturers to increasingly offer ready-to-use pouches of sauces and mixed herbs that customers can conveniently use to garnish on the food products while travelling or working. Surge in demand for on-the-go food products will continue to boost sales of the sauces, condiments, and dressing globally.
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Prevalence of Acid Reflux to Inhibit Demand
Overconsumption of salt has continued to impact health of the customers adversely. According to CDC, excessive consumption of sodium increases the probability of hypertension, stroke or cerebrovascular accidents and heart disease. Moreover, World Health Organization recommends that consumption of salt by an individual should not be less than 5 grams daily.
As sodium continues to remain a major ingredient in range of hot sauces, overconsumption of the hot sauces can adversely affect the health of customers. Excessive consumption of hot sauces can lead to gastroesophageal reflux disease (GERD) or acid reflux. Due to growing apprehensions of acid reflux, customers with sensitive stomachs avoid consumption of various hot and spicy sauces. In addition, excessive consumption of tomato sauce can cause headache, vomiting and dizziness. Bound to these factors, demand for the sauces, condiments, and dressings is expected to drop during the forecast period.
Cooking Sauce to Represent a Leading Segment
Growing need to enhance flavor of various delicacies has led to surge in demand for cooking sauces in the food industry globally. On the basis of product type, the cooking sauce segment is expected to represent the highest revenue growth, accounting for a value of over US$ 14,500 Mn by the end of 2026. In contrary, the pickled product type segment is expected to register a robust CAGR during the forecast period.
Based on distribution channel, the foodchain services segment is expected to generate significant revenues, recording a value of over US$ 9,700 Mn by the end of 2017. On the other hand, the online store distribution channel segment is expected to register significant CAGR throughout the forecast period.
Competition Tracking
Leading market players operating in the global sauces, condiments, and dressing market include General Mills Inc, Hormel Foods Corp, Nestle SA, ConAgra Foods Inc, McCormick & Co Inc, The Kraft and Heinz Company, Unilever Group, PepsiCo Inc., Kikkoman Corp and Clorox Co.
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Table of Content
Global Economic Outlook
Global Sauces, Condiments, and Dressing Market - Executive Summary
Global Sauces, Condiments, and Dressing Market Overview 3.1. Introduction 3.1.1. Global Sauces, Condiments, and Dressing Market Taxonomy 3.1.2. Global Sauces, Condiments, and Dressing Market Definition 3.2. Global Sauces, Condiments, and Dressing Market Size (US$ Mn) and Forecast, 2012-2026 3.2.1. Global Sauces, Condiments, and Dressing Market Y-o-Y Growth 3.3. Global Sauces, Condiments, and Dressing Market Dynamics 3.4. Supply Chain 3.5. Cost Structure 3.6. PEST Analysis 3.7. Product Life Cycle Analysis 3.8. Forecast Factors 3.9. List of Distributors 3.10. Consumer Sentiments Analysis 3.11. Key Participants Market Presence (Intensity Map) By Region
Global Sauces, Condiments, and Dressing Market Analysis and Forecast 2012-2026 4.1. Global Sauces, Condiments, and Dressing Market Size and Forecast By Product Type, 2012-2026 4.1.1. Cooking Sauces Market Size and Forecast, 2012-2026 4.1.1.1. Revenue (US$ Mn) Comparison, By Region 4.1.1.2. Market Share Comparison, By Region 4.1.1.3. Y-o-Y growth Comparison, By Region 4.1.2. Table Sauces Market Size and Forecast, 2012-2026 4.1.2.1. Revenue (US$ Mn) Comparison, By Region 4.1.2.2. Market Share Comparison, By Region 4.1.2.3. Y-o-Y growth Comparison, By Region 4.1.3. Pickled Products Market Size and Forecast, 2012-2026 4.1.3.1. Revenue (US$ Mn) Comparison, By Region 4.1.3.2. Market Share Comparison, By Region 4.1.3.3. Y-o-Y growth Comparison, By Region 4.1.4. Dips Market Size and Forecast, 2012-2026 4.1.4.1. Revenue (US$ Mn) Comparison, By Region 4.1.4.2. Market Share Comparison, By Region 4.1.4.3. Y-o-Y growth Comparison, By Region
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