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Impact of COVID-19 on Alternative Protein | Food & Beverage Industry
COVID-19 Impact on Alternative Protein in Food and Beverage Industry The COVID-19 pandemic is re-shaping everything around the globe. The COVID-19 pandemic has impacted almost every industry around globe in positive or negative ways. The food & beverages industry is also facing the surge in the consumption globally. It has also spotlighted the meat supply and food security globally. The supply chain disruptions, panic buying and stockpiling are observed in both developed and emerging markets. The companies are taking exciting initiatives such as ‘alternative proteins’ which makes the upgraded version of meat, dairy, plant and crop ingredients, eggs or directly from the animal cells. The consumers are increasingly adapting to plant-based alternatives in the Spain. The mainstream supermarkets have increasing demand for the vegan meat alternatives. For instance, · The intake of fruits is increasing by more than 66%, vegetables increased by more than 59% and three out of 10 people are consuming more plant-based alternatives than usual. The United States is the world leader in the alterative protein market. They have produced the high demand and innovative foods with the lower carbon emissions than the animal protein sources by avoiding risk of zoonotic diseases. In the U.S., in first week of March, the plant-based products sales grew up by 280%. The plant-based meat alternatives are rising with the impossible burgers and beyond the meat findings in the menus of major fast food chains such as Carl’s Jr., Del taco and Burger king. The sale of fresh meat alternatives is growing by 158.3% year-on-year. FIGURE 1. TOTAL SALE OF FRESH MEAT ALTERNATIVES Source: Article- How is coronavirus impacting plant-based meat? Impossible Foods, Lightlife, Tofurky, Meatless Farm Co, Dr. Praeger's, weigh in (Food navigator-USA) The total sale of fresh meat alternatives in the U.S. has increased from 158.30% in February to 225.30% in the March, 2020. FIGURE 2. TOTAL SALES GROWTH OF PLANT BASED FRESH MEAT VS. ANIMAL BASED FRESH MEAT Many companies are planning for the expansion in the protein alternatives business. For instance, · In April 2020, Starbucks announced the rollout of plant-based food & beverage menu across China by launching products from Oatly, Beyond Meat, and Omnipork. · In April 2020, the trials of plant-based chicken nuggets have been announced by the KFC which is the international fast-food giant in the selected cities of China. Starfield which is a local Chinese next generation food tech company is producing ground meat which is made from seaweed protein. The company is partnering with six major restaurant chains in the China for launching their products across the restaurants. Most of the companies are growing in the Asia region due to the consumer awareness about the fragility of the food system increases and more and more people have started to make connection between heavy reliance on animal-based foods and the pandemic situation. INITIATIVES COVID-19 outbreak has affected every sector in the market which also includes protein alternatives industry. The industry has affected as the supply and demand are badly disrupted. Many companies are losing their key revenue sources as food services outlets are closed or decreased sales. Some companies have closed their production facilities to mitigate potential risks from COVID-19. Due to the social distancing, start-ups and the producers of the protein alternatives are facing controlled access to the laboratories which are required to bring their products into the market. Shortages of research equipment’s have also increased the project timelines. Some companies are facing lack of capital so for that they need to sell their equipment to raise funds. For instance, · Congress could create an interagency R&D initiative which is similar to the National Nanotechnology Initiative which helped create hundreds of thousands of jobs. The new initiative would coordinate activities across the U.S. Department of Agriculture (USDA), the National Science Foundation (NSF), the National Institutes of Health (NIH), and other agencies. · Ethan Brown, beyond meat has recently announced that they will begin to sell value packs and discount prices for their products which typically sell for a significant premium to traditional proteins. · In February 2020, Cargill has launched the plant-based patty and ground products for expanding protein options for foodservices and retail customers which includes private label solutions. · In July 2020, ADM partnered with Imagine Meats for the launch of plant-based partnership in India, as India is poised for major meat alternatives shift. · In June 2019, Tyson foods have introduced the first plant-based and blended products along with its Raised & Rooted® brand. This initiative will make Tyson Foods the largest producer of meat in the U.S. for entering the growing segment of alternative protein with its own products. · Beyond Meat, the leader in refrigerated plant-based meat, has increased the sales twice the size of nearest competitor and grew at 248% as compared to 2019 during COVID-19 outbreak. For instance, “We’ve made physical changes and adopted new practices in the hopes of adding an increasingly high level of workplace safety. All of our practices are consistent with Centers for Disease Control and Prevention’s guidance’s” · Michael H. McCain, President and CEO of Maple leaf “We’ve implemented increased health and safety measures in all of our facilities, including readily available personal hygiene products, and we’re cleaning thoroughly every day while prioritizing ways to ensure your well-being. We also encourage you to continue being diligent about your own health.” · Andre Nogueira, JBS USA CEO “We are investing BRL 4.0 million in tests for COVID-19 for donations in support of the municipalities where we have operations. We have been discussing with the authorities of 35 cities where we have operations to make a joint effort with local governments and hospitals in the fight against COVID-19 and its effects.” · BRF Ingredients “In July 2020, Marfrig has launched #TMJMarfrig program to support more than 5,000 micro and small food service businesses across Brazil, which include bars, restaurants, cafeterias, bakeries and steakhouses.” · Marcelo Proença, Director of Food Service Director at Marfrig “We’re doing everything we can to make sure we help meet that need and are working with our customers to ensure the continuous flow of food to tables everywhere. We also want to support the communities that we work and live in as they respond to the challenges that have been posed by COVID-19.” · Edmond Scanlon, Kerry Group CEO “We take food safety very seriously. Staff at all MGP production facilities follows the protocols outlined in Good Manufacturing Practice regulations. All of our production facilities annually receive the highest possible rating of AA for food and beverage safety from BRCGS (formerly BRC Global Standards), an internationally recognized independent source. Our food ingredients are manufactured using a “closed loop” system, so that ingredients cannot be contaminated during the production process.” - MGP Ingredients “We want you to know that CHS remains fully operational and committed to providing the essential products and services you need. Our supply chain is prepared and moving into action as spring fieldwork begins. Grain is moving and the spring shipping season has begun. We are grateful for those positive signs.” · Jay Debertin, CEO, CHS Inc. “Our flagship plant in Lestrem, France, is producing thousands of litres of hydro-alcoholic disinfectant solution per week to support healthcare workers. At our sites in other countries such as France, Italy, Spain, China, India and Lithuania, our teams are donating personal protection equipment to local caregivers and hospitals. We’re helping delivery drivers by providing meals and shower facilities as they keep the supply chain moving. And as the pandemic wreaks havoc on the economy throwing many people out of work, we continue to support the local food bank near our Americas offices in the US to provide meals for those who can’t afford them.” · Roquette Frères CONCLUSION As the COVID-19 has impacted mostly all businesses, the alternative protein manufacturers also have been significantly impacted by the disruption of supply chain and losing their key revenue sources as food services outlets are closed or decreased sales. As supply chain is disrupted due to COVID-19 outbreak, the demand is also getting affected. The demand is more for the alternative proteins but companies are not able to fulfil those demands due to supply chain disruption. Also, the regulatory norm of social distancing across the multiple nations has impacted the alternative protein industry in high extent. However, the alternative protein sale is increased during the COVID-19 outbreak, as many people are becoming health conscious and looking for some other alternatives for the meat products. The U.S. is the world leader country for the alternative proteins. The demand for alternative proteins is increased from February 2020 as the effect of COVID-19 outbreak. The total sale of fresh meat alternatives in the U.S. has increased to 225.30% in March, 2020 during COVID-19. Also, owing to the COVID-19 outbreak, there has been an increasing awareness among consumers, on healthy diet, wherein demand for healthy ingredients has been on a rise. Many companies are expanding their businesses into alternative proteins. Companies such as Cargill, Nestle has expanded their businesses in the alternative proteins during Covid-19 outbreak. Government initiatives in various countries are increasing demand for alternative proteins. Thus, the impact of COVID-19 is positive for the alternative proteins industry across many nations, compared to other food product segments, and hence the growth is increasing for the industry during coming years, with many opportunities of new product development for manufacturers.
Significant Impact of COVID-19 on Vitamins and Supplements in the Food & Beverage Industry
COVID-19 Impact on Vitamins and Supplements in the Food And Beverage Industry INTRODUCTION The virus (COVID-19) ranging from common cold Middle East respiratory syndrome (MERS) and severe acute respiratory syndrome (SARS) has affected people in the entire world within a short period of span and has created a critical situation including economic and social challenges. Vitamin supplements are required by people suffering from a particular medical condition that leads to deficiencies. The intake of vitamin supplements helps in fulfilling the requirement of the body. As per WHO (World Health Organization) there have been no cases of transmission of COVID-19 through food and food packaging but measures such as good manufacturing practices (GMPs) along with sanitation and cleaning of food processing equipment and facilities should be followed. The supplement industry has increased among the multiple pockets as most of the consumer has raised their interest on overall health and wellness. There has been an immense growth in the vitamins required for supplement industry. PRE-COVID 19 IMPACTS The U.S. VMS industry experienced steady growth of 6% per year from 2015-2019, surpassing growth in both related segments, such as functional foods and drinks (2% -3% per year), and the U.S. GDP (2% -3% per annum) for the same time span. For instance, · The farmer favorability survey shows that 75 percent of people shared a favorable opinion of the U.K. agriculture, which is the highest figure since OnePoll started conducting the annual survey in 2012. This also marks an improvement of six percentage points in public favorability since June 2019, which is in addition to a further rise of five percentage points from June 2018–2019. The demand was high till the end of the year of 2019, then pandemic came and caused critical situation in the market and led into supply and demand chain disruption. POST COVID 19 IMPACT In July 2020, The Food and Drink Federation (FDF) have announced the Awards function for the Food and Drink Federation Association which will take place at The Royal Lancaster, London in February 2021. The annual awards recognize those involved in the industry's dedication and determination, actions that ensured that the nation was fed during the pandemic. During the start month of 2020, corona spread took place and it resulted into lockdown in city, courtiers. These typical measures included social distancing, closing hotels, schools, restaurants and many other places such as stores. Due to shut down in the store facility and also transportation, there was lack in the products in market for consumers. Also, international borders were made closed which limited the supply of food products such and convenience and healthy foods, and because of this food supply chains were completely broken or drastically changed with food business. Consumers were not getting their food products and manufacturer was not getting enough raw materials for the production of healthy foods. Due to these reasons, demand and the market value for the healthy foods were decreasing. As with the strict measures, the governing authorities reopened the transportation facilities and shops and many others, again the shelves in the shops are fulfilled with the food products and consumers are now able to get their choice of desired need. Further manufacturers have taken few initiatives from their end by taking strict measures for the production of food products. Due to reopening of the supply chain has helped the consumers and manufacturer to get fulfilled with desired need, and now the demand for the healthy foods will increase with much high percent as it enhances the immunity of an individual. The immunity enhancement during the pandemic is much more needed, hence it has seen that eating habits of consumers are getting changed and they are now more inclined towards the healthy food products. It has also been estimated that consumer preference for the fruit intake has increased by 58.0%, protein intake by 37.0% and many others. Increasing awareness regarding immunity building by consuming healthy food has increased the demand for the products and now consumers want to increase their health in order to boost their immunity and reduce vulnerability to disease and illness. Further, also the demand will increase in the future as consumers have now more aware that how much healthy food is important to fight with various diseases and this will be of help for the health food sector to grow at very high rate in the market in upcoming future. VITAMINS IN FOOD, BEVERAGE AND SUPPLEMENT INDUSTRY: PERSPECTIVE AND INITIATIVES The COVID-19 pandemic have drastically changed the food consumption pattern of the living being, which is counted as 8 out 10 people and have changed their ways of eating habits and have incorporated nutritional enriched food products in their day to day life. For instance, According to the International Food Information Council’s (IFIC) 2020 Food and Health Survey, 85% of Americans made changes in the food they eat or how they prepare food because in the time of coronavirus (COVID-19) pandemic. The burst of pandemic panic complements a steady rise in the healthy food consumption and their sales that investors have largely overlooked amid the financial debacles of better-known food incorporated with vitamins and minerals, fish oil and probiotics among others. For instance, “'The COVID-19 Product Tracker helps us understand the needs of people about food throughout those hard times. This expertise has helped in informing the work of Ministerial Vulnerability Task Force, which will continue to do so. I want to thank the voluntary sector and the local authorities, who are working hard to identify a number of routes for UK governments to tackle. We are going to continue to play our part in fighting this global pandemic and ensuring that there is safe food.” · Heather Hancock, Chairman (Food Standards Agency) “Romania’s agricultural producers have been threatened by market shocks, supply chains and exports, thus facing increased uncertainty going into the season of harvesting in 2020. Making available additional farm funding will help farmers resolve these obstacles, benefiting rural communities and critical industries through and beyond the COVID-19 era.” · Mark Davis, Regional Director (European Bank for Reconstruction and Development) “They will continue to foster European unity to recover from the economic effects of the coronavirus pandemic. Along with the European Bank for Reconstruction and Development and the European Investment Bank, the Commission is proud to endorse this financing arrangement with Agricover Credit, which aims to protect Romanian farmers.” · Paolo Gentiloni, European Commissioner (European Investment Bank (EIB)). “There’s a growing demand from governments to tackle the issue of obesity and a consumer trend towards healthier products. Sugar taxes, like the Soft Drinks Industry Levy in the UK, are being implemented around the world and it’s likely other measures will follow. Evidence from the COVID-19 pandemic is also showing that people with obesity linked conditions are more likely to super serious complications. Health is emerging as a key investment risk,” · Mais Callan, Senior Responsible Investment Manager (Nestle) “Consumers today demand healthier food options, including healthier snacks. This can range from snacks without artificial additives and preservatives or with less sodium or salt, non-fried or baked snacks or use of healthier ingredients like wholegrain.” · Olive Bai, Marketing Manager Of Savory Snacks (Kerry APMEA) “Consumers are also becoming more health conscious in general and the pandemic prompted even more to be aware of their health and lifestyles, Apart from learning and increasingly preparing their own meals at home, the growing availability of healthy snacks, organic and low-fat food options is also something appreciated by consumers.” · Freshippo CEO (Alibaba Group) “If you look at functional foods, there is a trend towards increasing nutrient density in foods which are already considered healthy, Especially in Asia; the customers want to come out with new line extensions. Innovation will remain a focus for many customers as they are looking to come out ahead in the marketplace,” · Anand Sundaresan, Regional VP Human Nutrition & Health APAC (DSM) “Companies were mostly clearing their warehouse stocks, instead of investing in capacity building to meet the heightened demand for plant extracts, especially those that confer immune benefits. Even if the demand is big, the factories are not willing to increase their investments for capacity building. This means that production capacity will not see a significant increase,” “At least 20% to 30% of the orders received across the member companies cannot be filled due to supply chain problems, and so many of us are getting for a slot to ship out our products,” · Yinjun Hou, The Chairman (Shaanxi Plant Extract Association) CONCLUSION The COVID-19 pandemic has taken a toll on the global economy and population. A joint campaign to combat the coronavirus on states, departments of public health, and hospital community have contributed to economic slowdowns, regional lockdowns, and drastic public safety measures. Public health initiatives include raising awareness about calculating home quarantine, preserving food and healthcare supplies, and governments around the world are following strictly, especially to the poor. With rising customer understanding of immunity-boosting to avoid COVID-19 prevalence is driving the safe food industry market. In addition, taking into account consumer demand manufacturers claim their products as healthy with various ingredients added for boosting immunity. The delay caused by the impact on the logistics industry, however, indicates a decreased supply of raw materials and thus there is a restricted supply of such goods on the market that limits this business. Consumers have become more aware of home-grown food and are also searching for healthier alternatives, driving the organic food market. It is projected that due to the growing prevalence of COVID-19 and consumer awareness to improve the immunity with no additional supplements would expand the healthy food market in the coming years.
Significant Impact of COVID-19 on Elderberry Supplements in the Food and Beverage Industry | Data Bridge Market Reserach
COVID-19 Impact on Elderberry Supplements in the Food and Beverage Industry The COVID-19 pandemic has significantly hit the nutritional progress of consumers across the world. The persistence of the COVID-19 for a more extended period has adversely affected the most vulnerable groups of the population, including the senior population, mothers and children. From a business perspective, COVID-19 is significantly decreasing commercial activity, particularly in the consumer sector. One category bucking this trend is dietary supplements. Consumer demand for various dietary supplements has increased as interest in overall health and wellness has grown. INCREASED DEMAND FOR ELDERBERRY SUPPLEMENTS DURING COVID-19 PERIOD Elderberry has traditionally been used to prevent and treat respiratory problems. However, during the COVID-19 pandemic, there has been an interest in elderberry supplements to treat or prevent illness and concern that elderberry might overstimulate the immune system and increase the ‘cytokine storm’ risk. Looking at the effect of elderberry on our physiology, many studies show that elderberry is antiviral and protective for the immune system. So it is pretty much a mainstream recommendation by many to boost immunity and help protect against cold and flu. But in addition to being antiviral, elderberry also produces several inflammatory particles (cytokines). One of the most prominent ingredient superstars coming out of the COVID-19 pandemic is elderberry, as consumers shopped for immune-support products wherever and whenever they could. According to SPINS (Chicago) data on the 52 weeks ending November 2020, elderberry experienced a whopping 168.9% sales increase to reach USD 265.80 million in the U.S. mainstream supplements channel and a 71.6% sales increase to reach USD 53.00 million in the U.S. natural supplements channel. Considering the growing demand for elderberry supplements due to the COVID-19 situation, the supplement manufacturers are introducing various elderberry supplements. For instance, · In June 2021, MegaFood, a vitamin and supplement brand expertly pairing essential nutrients with real food, announced the launch of the newest addition to their Immune Health line of products: Elderberry Zinc Immune Support* Syrup. This delicious syrup uniquely pairs elderberry and zinc to support a healthy immune system for the whole family, ages four and up. · In June 2021,Growve, a leading brand aggregator and operator of popular natural wellness & body care brands, celebrates the successful launch and omnichannel distribution of its award-winning Fruily Organic Real Fruit Gummies. In addition, the company announced that the innovative and nutritional product line for families already has a strong commitment of more than 15,000 retail stores in North America. · In March 2020, INS Farms announced the launch of Eldermune in two grades, certified organic and conventional. Eldermune was developed by INS Farms and will be marketed/supplied exclusively by NutriScience. As a result of the rise in demand for elderberry supplements, the production and export of elderberry from the producing country have also increased during 2019-2020. TABLE 1 ELDERBERRY – PERCENT GROWTH IN EXPORT VALUE (2019-2020) EFFECT OF COVID-19 ON SUPPLY CHAIN OF ELDERBERRY SUPPLEMENTS The impact of coronavirus on the demand, supply, export and import of elderberry supplements market is uncertain. However, the growing demand for elderberry supplements due to health aspects positively impacts the global elderberry supplements market. Amid COVID-19, consumers, suppliers and supply chains in the global food and dietary supplements industry will increase. According to trade organizations in the nutritional products industry, there is a significant impact on the worldwide supply chain for functional foods and dietary supplements, including elderberry supplements. For instance, · According to SPINS (Chicago), during the 52 weeks ending October 2019, cross-channel sales growth of elderberry encompassing mainstream, natural and specialty gourmet channels was 83.4%, for total sales of USD 113.00 million. For brief insights on this cross-channel growth, Broken down by channel in terms of the 25 top-selling functional ingredients by dollar sales, elderberry ranked as the 10th bestselling ingredient in the natural channel and the 14th bestseller in the specialty gourmet channel, growing 32.6% and 57.8%, respectively. Given elderberry’s rising popularity and the subsequent threat of adulteration, Artemis takes similar measures to raise awareness and has given industry tools to authenticate their elderberry supply. Artemis organization is aware of the rise in popularity for elderberries and the impact of impurity on elderberries. For instance, · RFI has contracted with elderberry growers to stay in stock for now, but he sees shortages coming across the industry in certain classes of certain ingredients. For instance, there’s plenty of conventional zinc, but there may not be enough organic-derived zinc, he explains. “They’re not going to be able to keep up with that production on organic”. GLOBAL ELDERBERRY SUPPLEMENTS MANUFACTURERS: PERSPECTIVE & INITIATIVES “Now, we ask the question: How do we retain these new consumers and how do we consolidate the growth and keep everyone who discovered the benefits of health and wellness, dietary supplements and herbal supplements, to keep them in their life and make them part of their lifestyle going forward?” · Graham Rigby, Chief Innovation Officer for Direct-To-Consumer Supplements Company. “Many healthcare supplement producers want elderberry, even if they had never worked with it before.” · Gyorgy Csizmadia, Director of the Elderberry Sales Co-operative The growth in herbal and botanical sales in 2020 was equally impressive, at 17.3%. Morton Reynolds noted that herbal supplement sales still grew, especially for immune-health botanicals as elderberry, mushrooms and Echinacea, even despite 6% declining sales of hemp cannabidiol (CBD) in 2019. CONCLUSION People take precautions to fight the COVID-19 situation and maintain their immunity levels at higher rates by consuming healthy food containing nutrients such as a balanced diet and dietary supplements to immune themselves from such infectious diseases. During the COVID-19 pandemic, there has been an increase in elderberry supplements to treat or prevent illness and concern that elderberry might overstimulate the immune system and increase the risk of ‘cytokine storm’. Thus, the impact of COVID-19 on elderberry supplements is uncertain.
COVID-19 Impact on Food Certification in Food and Beverage Industry | Data Bridge Market Reserach
COVID-19 Impact on Food Certification in Food and Beverage Industry The COVID-19 pandemic has influenced the whole planet with its major impacts on the economy and businesses across the globe. The COVID-19 spread worldwide in unprecedented ways due to its high infectious and contagious nature and lack of availability of its vaccine. As a result, the greatest medical challenge in the 21st century is yet to be faced by physicians worldwide. Though the emergence of the virus can be traced back to Asia, many European countries along with the U.S. have been struck massively by the pandemic. The virus has spread across all regions ranging from North America, Europe, Asia-Pacific, Middle East, and Africa up to South America. The COVID-19 has been declared as a pandemic by World Health Organization (WHO) due to its increased spread across the globe. After the declaration of the pandemic, various countries announced the complete lockdown such as India, China, and other Asian countries to decrease its spread. According to the situation report of 7th June, 2021 by WHO stated 174 million cases of the corona have been reported globally and 3.7 million patients are dead due to the coronavirus. On a slightly positive note, a total of 157 million people have recovered and total of 1.9 million vaccine doses have been administered as well The COVID-19 pandemic has impacted the food and beverages industry due to the surged demand and consumption for food and beverages. Though, some of the sectors in the food & beverages industry have been impacted either positively or negatively due to the COVID-19. The food certification market can have the positive impacts of the COVID-19 outbreak. The COVID-19 pandemic was initially introduced in the humans due to the consumption of contaminated food so this can be termed as a foodborne illness as well. Factors such as the growing awareness of the environments of food processing facilities as well as building environments that is used in food production and distribution, such as spaces for handling retail food are leading to growth of the food certification market. The demand is increased for the food certification as many governments of various countries are taking precautionary measures on the food safety and its quality. With the increase in the global food trade and the expansion of manufacturing units for processed food products, the growers are focusing on ensuring the safety and quality of their food products. However, food operations are affected around the globe due to COVID-19 pandemic. Impact on Demand of Food Certification Market Although the tension of COVID-19 has clearly been notices in the sector, there were a couple of points that acted as a light at the end of the tunnel. Post COVID -19’s first wave, global food certification market is growing as people are getting more aware regarding the food safety. People these days highly prefer certified and premium products in order to lead a healthy lifestyle. Food certification is the way and confirmation to the efficient production of safe, quality products. The food industry increasingly subject to scrutiny, testing to ensure compliance with food safety regulations and to protect public health, is a must. Even before COVID-19 the importance of food certification was preferably there but during the pandemic as the awareness of food safety and hygiene has been increased, not only in urban but in rural areas as well. Consumers have started looked after the safety and well-being of their family, which includes adjusting the way they shop for groceries and the types of food products they are purchasing. Thus, consumers prefer laboratory tested and certified food products as it gives quality and safety In this COVID-19 situation considering the rapidly changing market landscape, companies are changing their perspectives on expanding beyond traditional markets. In addition to focusing on widening applications, introducing new product portfolios, most of the food and beverage companies are planning to capture domestic and international markets, which will directly increase the growth of the food certification market. For Instance, In October 2020, GFSI issued an updated position on mitigating the impact of the COVID-19 pandemic on GFSI-recognised audits and certification. This new position was designed to provide clarity on the options available to certified organisations and those seeking certification for the first time, when full onsite audits may not be possible. Thus, the growing demand of certified food products is expected to surge the demand of food certification market. Impact on Supply of Food Certification Market The lockdown restrictions implemented by government across the globe in 2020 and even the continuing restrictions in 2021 has been disrupting the supply chain. This is expected to pose huge challenges for food product manufactures and could negatively impact the growth of food certification market. However, the complex supply chains increase the chances of food contamination due to improper handling. Therefore, there is increased demand for food certifications among retailers, manufacturers and growers which offers benefits to the food supply chain, such as it manages safety risks, offers preventive and corrective measures to food safety management, and reduces or eliminates the risk of food recalls. The global food certification market is quickly reaching back to its pre-COVID-19 levels and a healthy growth rate is expected over the forecast period. Strategic Initiatives Taken by Manufacturers COVID-19 outbreak has affected every sector in the market which also includes food certification market. The industry has been severely affected due to the disrupted supply and demand in some cases. Many companies are losing their key revenue sources as food services outlets are closed or have been noticing reduced sales. Some companies have closed their production facilities to mitigate potential risks from COVID-19. Many food certification companies are taking initiatives during COVID-19. For instance, · “Global standard for food safety has been developed to specify the food safety, quality, and operational criteria required to be in place within a food manufacturing organization to fulfill obligations about legal compliance and protection of the consumer. Food businesses that are certified to the standard must have a full understanding of the products it produces, manufactures and distributes, and have systems in place to identify and control significant product safety hazards. The standard has two key components; senior management commitment and a hazard analysis critical control point (HACCP) based system, which provides a step-by-step approach to managing food safety risks. With all this in mind, businesses that are used to the standard are well positioned to identify, assess and act on the new risks associated with COVID-19” -Jessica Burke, GFSI · “Eurofins is offering testing for detection of SARS-CoV-2 in a growing number of countries around the world. Global capacity is increasing daily as Eurofins teams are working round the clock to deliver results in very short turnaround times and often within 12 to 24 hours. In each geographical region, Eurofins laboratories are working closely with public health authorities and following their priorities to support hospitals and medical professionals fighting this unprecedented health crisis.” - Gilles Martin, CEO, Eurofins Scientific · “ALS provides routine analysis services to test critical environmental surfaces for the presence and persistence of SARS-CoV-2, the virus that causes COVID-19. Test results are intended to help monitor and strengthen the effectiveness of disinfection and sanitation measures, particularly after outbreaks or positive tests in a business, care home, or public facility.” - ALS Limited These initiatives could help restore the food certification market. Pandemic has taken a toll on every aspect of life, including the global economy. With the significant downfalls in many sectors, a collaborative effort of government, industry players, and consumers can win the fight against COVID-19. COVID-19 outbreak has affected every sector in the market which includes food certification market. Some companies have closed their production facilities to mitigate potential risks from COVID-19 which has hampered the global food certification market. However, the increasing demand for certified food products is expected to boost the global food certification market in forecasted period. In the current scenario, it has become important to boost the immunity to fight coronavirus, along with maintaining hygiene and following all medical advisories that have been laid down. Even the guidelines provided by World Health Organization (WHO) in its COVID-19 analysis, suggests that the world population should consume immunity-boosting foods. Increasing awareness among consumer regarding healthy diet to maintain strong immune system is projected to boost the growth of global food certification market for long period due to changes in the consumer buying behavior and changes in the dietary habits. Hence, the global food certification market is growing as; people are more inclined to buy certified food products. Thus, the impact of COVID-19 is positive for the food certification market across many nations, and hence the growth is increasing for the industry during coming years, with many opportunities are coming for the food certification. Conclusion Pandemic has taken a toll on every aspect of life, including the global economy. With the significant downfalls in many sectors, a collaborative effort of government, industry players, and consumers can win the fight against COVID-19. COVID-19 outbreak has affected every sector in the market which includes food certification market. Some companies have closed their production facilities to mitigate potential risks from COVID-19 which has hampered the global food certification market. However, the increasing demand for certified food products is expected to boost the global food certification market in forecasted period. In the current scenario, it has become important to boost the immunity to fight coronavirus, along with maintaining hygiene and following all medical advisories that have been laid down. Even the guidelines provided by World Health Organization (WHO) in its COVID-19 analysis, suggests that the world population should consume immunity-boosting foods. Increasing awareness among consumer regarding healthy diet to maintain strong immune system is projected to boost the growth of global food certification market for long period due to changes in the consumer buying behavior and changes in the dietary habits. Hence, the global food certification market is growing as; people are more inclined to buy certified food products. Thus, the impact of COVID-19 is positive for the food certification market across many nations, and hence the growth is increasing for the industry during coming years, with many opportunities are coming for the food certification.
Impact of COVID-19 on Dairy in Food & Beverage Industry
COVID-19 Impact on Dairy in the Food and Beverage Industry The coronavirus disease (COVID-19) pandemic outbreak has created extreme uncertainty in market growth globally. The pandemic outbreak has affected factors and changes the complete dynamics of the market in ways that are hard to believe. The efficacy and intensity of containment efforts to the extent of supply disruptions, shifts in spending patterns, behavioral changes (such as avoiding purchasing), the repercussions of the dramatic tightening in global market conditions, confidence effects, volatile commodity prices and increasing debt burdens are the factors which have affected the market negatively. The COVID-19 has led the lockdown in Europe and internationally has impacted the dairy industry tremendously. The stream of dairy-based products is stable whereas due to the disruption in the production of dairy products have faced crises. Longer lockdown in the dairy industry in the different countries has disrupted the supply chain of dairy milk by the farmers. The sales of dairy-based products such as ice cream, cheese, flavored milk, yogurt, and frozen desserts comprised the highest market revenue in the overall dairy sector which is approximately more than a third of the organized dairy sector’s revenue which has declined up-to 2 to 3% CAGR in the first quarter of 2020, whereas, the reduction in the prices and lockdown of the foodservice sector has drastically impacted the local dairy farmers and have stalled overall dairy industry up to 10%. Due to the apprehension about consuming cold products such as ice cream, flavored milk and yogurt have shown a drastic declination in their consumption pattern. To support the local farmers various government authorities have taken strict actions to recovers the crises happened in the dairy sector, for instance, The pandemic has broken down the price growth pattern due to the stable consumption growth of cows and other milk specifically in food service sector. In Untied States due to the crises farmers have struggled with the prices and due to the supply chain disruption farmers have dumped out their fresh milk. These actions led the by the farmers have led government authorities to take action towards it and various fund have been suggested to recover the downtime of dairy sector. Various interviews with the dairy product processors have been conducted by farm animal investment risk and return (FAIRR) in which they have stated that the dairy processor companies at are high risk due to the pandemic and stalled demand of the diary products. Various giant dairy products processors have participated in the scale on the basis of high risk, low risk, medium risk and ranked out of 60 which shows their potency, for instance, Most of the companies have come under the scale of high risk which have ensured in the reduction of total volume of sales of dairy products due to the disruption in consumption, production and supply chain of raw milk. Local initiatives make the dairy sector stronger. The uncertainty of COVID-19 makes it even more important to follow the developments in the dairy based products such as cheese, cream, flavoured milk market. The affected demand of the dairy products is temporary in region such as Europe, USA and others. The economic impact of chocolate industry was estimated timelines of three months while it will take approximately six months. DAIRY INDUSTRY: PERSPECTIVE & INITIATIVES Since last year, the novel coronavirus (COVID-19) pandemic from China has reached to worldwide with infecting more than 1 million people and has caused more than 50,000 deaths. This pandemic has also caused economic devastation. In spite of the shutdown of businesses, the social distancing, and other initiatives taken which are being taken by the governments to stop the spread of COVID-19, the dairy industry has persisted as one of the nation's critical industries in producing, processing, packaging, transporting, selling and serving fresh, nutritious and safe dairy products to the nation and the world. This has happened as the dairy manufacturers have taken various initiatives in order to provide the products in market. For instance, “Nestle said it was launching a 500 million Swiss franc ($512 million) program to help the cafes and restaurants it supplies by extending payment terms and suspending rental fees for coffee machines. It also agreed to maintain orders from its dairy suppliers who have faced "significant demand disruptions." - Nestle “As a major food company Arla Foods moved quickly to safeguard its people and operations to maintain continuity of supply to customers and meet increases in demand from retail and e-commerce customers in markets around the world. The Company’s crisis management plans have ensured that the supply of milk from Arla’s farmer owners has been uninterrupted and all volumes received have been processed. The supply chain of Arla has implemented strict Covid-19 related measures to secure the safety of employees and uninterrupted production. With these measures, together with a huge commitment from the employees and a strong internal cooperation, Arla Foods has continued production at full capacity with very few interruptions.” - Arla Foods “With job losses, food insecurity and the need for additional supplies at food banks at all-time high, we’re grateful for our family farmers, employees, industry partners and friends in the community for all they are doing in the midst of this pandemic to get dairy from the farm to the tables of those in need.” - Monica Massey, DFA executive vice president and chief of staff, Dairy Farmers of America Dutch multinational dairy cooperative FrieslandCampina has announced that it is taking all the safety and precautionary measures to slow down the spread of coronavirus (Covid-19). “I would like to briefly set out how we are working on making sure that you as our customers and business connections can keep relying on us for your daily high-quality nutrition.” - Hein Schumacher CEO, FrieslandCampina “Cheese maker Saputo Inc. is eyeing takeover opportunities amid the current market carnage as it works through a “massive shift” in demand away from restaurants and other food service customers to retailers such as supermarkets.” The company also said: “Saputo factories serving retailers are “running hard,” in some cases at more than full capacity.” - Saputo, Canada’s biggest milk processor CONCLUSION From the wrath of COVID-19 across all industries, its impact has not remained unscathed in the dairy industry as well. Though milk production across the world has been rising, but the demand for dairy products has been varying across the various regions. Being one of the daily essentials, the demand in developing countries have been on a rise, while in the developed countries, a significant shift can be observed towards plant-based dairy products. The pandemic has taxed dairy farmers in a number of ways, the first being management of dairy animals and second the marketing and sale of milk and other by-products. There has been a drastic fall in milk prices across Asian and European countries, which has been further affecting the industry. However, national governments have been taking measures to mitigate the negative impact of the pandemic, for instance, the Canadian government has amended the Canadian Dairy Commission Act to support dairy producers and processors and ensure Canadians maintain access to affordable food. The performance of the national farm gate milk price can be used as an indicator for the impact of dairy crisis, and across the globe, the U.S. and India are the major epicenters for dairy crisis, wherein large drops of -29% and -19% were observed respectively. The dairy industry, which experienced a stable growth across all the regions since the past few years, has been experiencing a slower growth in 2020. However, the industry experts forecast a possible growth in the coming years, owing to the consumer’s potential shift from meat protein to diary protein. However, the major threat for growth of the industry lies in the growing demand for plant-based substitutes across the developed nations. In addition, government has been investing huge funds to support increase in consumption of dairy industry. For instance, USD 1 million campaigns were launched in the UK to promote milk and other dairy products in a bid to increase consumption. Considering these developments and also the impact of COVID on dairy sector, industry experts have been foreseeing a U-shaped growth curve for the industry, wherein the growth of dairy sector is expected to regain its stable growth by second half of 2021.
Impact of COVID-19 on Feed Additives in the Agriculture and Feed Animal Feed Industry
COVID-19 Impact on Feed Additives in the Agriculture and Feed Animal Feed Industry The coronavirus disease (COVID-19) pandemic outbreak is rising high and inflicting human life worldwide. Saving lives is demanding lockdowns, isolation, and widespread closures to slow down the spread of the virus. The coronavirus disease crisis is impacting on global economic activities. Since feed plays a major role in the production of different livestock animals, feed additives act as a key ingredient in the production of nutrition enriched feed. This nutritional based feed helps livestock in their health management, reproduction, lactation, and brand equity. Due to the pandemic and lockdown, the supply chain of the raw ingredient has impacted the consumption and production patterns worldwide. Animals cannot get enough nutrition from regular feed hence the feed additives are added in their regular meal containing vitamins, fatty acids, amino acids, and trace minerals. The COVID-19 outbreak from December 2019 have impacted more than 100 countries across globe and significantly impacted the compound feed and additives market in 2020. The pandemic have affected the overall animal nutrition in three different ways considering: · The demand of the meat products · The production of feed · The supply chain market disruption · The financial impact on feed vendors According to the industrial sources, the prices of the feed have been largely declined and fallen up to 30% since the lockdown. The decline in the demand of the feed pattern will take large duration to improve and may further bring the lockdown again and the market scene will decrease the demand of animal feed. The European Feed Manufacturers Federation (EFMF) have stated that the demand of the poultry feed have show a decline in the production. In European countries, the production rate of poultry feed have fallen up to 10% and are expected to fall up to 5.2% more. The declination in the production of feed has been determined due to the import of poultry products from third party of countries. Whereas, in pig feed demand have been expected to fall up to 2.3% and cattle feed production up to 4.1% in 2020. The overall production of compound feed production is expected to decline by 3% to 6% in 2020. SUPPLY CHAIN DISRUPTIONS COVID-19 has printed a negative impact on global economic outlook in the first quarter of 2020. The immediate animal nutrition industry suffers from major supply chain disruption. The pandemic have affected countries such as Italy, Spain, France, China and other key countries and down chain supplier region and feed sector struggling to meet the demand. This is evident for the lack of supply of micro ingredients such as amino acids, minerals and vitamins. For instance, in March, one of the prominent vendor of feed market Evonik have forced majeure to fulfill the need of the amino acid especially threonine amino acid. The product of Evonik is manufactured by contract manufacturers in China and facing the issue in the procurement of threonine due to shut down of the city. “Regrettably, we are facing a supply shortage for ThreAMINO,” “We have been informed by our contract manufacturers that they are facing significant restrictions in terms of production and supply chain due to COVID-19.” - Dr Emmanuel Auer, Head of Animal Nutrition Business Line at Evonik DEMAND OF THE MEAT PRODUCTS Due to the lockdown, the supply chain imbalance has risen and this ultimately has impacted the consumption pattern globally. According to the U.S. Department of Agriculture, the global chicken meat trade has fallen by 4.0% to 11.70 million tonnes on the downward revisions for all major exporters except Brazil. Due to this, the global chicken meat trade will get shrink by 1.0% from the last year. INDUSTRY EVENT CANCELLATIONS Due to the pandemic, the animal nutritional conference and the trade show have been postponed or cancelled until the further notice provided by regulatory authorities. For instance, · American Feed Industry Association (AFIA) has cancelled their conference of Purchasing & Ingredients Suppliers Conference (PISC) which was supposed to hold in March 2020. Animal Health & Nutrition Conference held by Victam in Bangkok will be held in July and the U.S. Poultry and Egg Association (U.S. POULTRY) have been postponed. With this uncertainty caused by COVID-19, the regulatory bodies have taken initiatives to start their conference on digital platform. For instance, · Alltech one of the key player converted its annual ONE Ideas Conference to a virtual format. The feed industry faces rapid loss in the demand and production of livestock, feed and supply chain, whereas the protein extracted from corn have been one of the major opportunity as the cost of corn have been lower and making an opportunity for compound feed producers. FEED ADDITIVES SECTOR: PERSPECTIVE & INITIATIVES As coronavirus outbreak has impacted the market badly, numbers of organization have taken certain initiatives to provide their products in market. For instance, “Our driving concern is the health and safety of our employees and their families. We have implemented measures to reduce COVID-19 risk to our customers, our employees and their families, while doing all we can continue product supply to our customers. We are doing everything possible to continue the supply of Phibro products to our customers in every market, while adhering to strict safety and quality protocols. We have increased our stock of raw materials and finished products to help ensure continuous supply. We are in constant contact with our logistics partners to secure timely shipments to customers. We are requiring our employees to work from home, where possible. For those who need to work at our facilities, they are maintaining social distancing, and where possible, working in shifts. Our sales and technical service staff are staying engaged with customers to service their needs through digital channels as much as possible. All employees involved in production or logistics who must work on-site are adhering to strict hygiene protocols and social distancing, and where possible we have implemented split shifts to reduce employee contact. We have also implemented increased biosecurity protocols for freight carriers who deliver and collect goods at our facilities.” - Phibro Animal Health “As a global manufacturer, we operate in more than 90 countries on six continents, with manufacturing facilities in places like China, Italy and Singapore – countries that have been severely impacted by COVID-19. Kemin remains committed to ensuring the same level of supply assurance as you are accustomed to. This type of incident is an anticipated scenario in our global end-to-end Supply Chain risk management strategy. We have prohibited all non-essential international and domestic travel for all our global employees. We are utilizing digital meetings and telecommunications to conduct business, and we are minimizing meetings with external parties to only those absolutely necessary.” - Kemin Industries, Inc. “We are making location-based decisions on work-from-home policies based on individual situations, local regulations and health official recommendations. We have business continuity plans in place for various scenarios and are prepared to respond if we see potential impacts on our business operations. We are closely monitoring the situation and are communicating regularly with our employees and customers through various channels as the situation continues to evolve.” - ADM Animal Nutrition Barentz International enters in acquisition with pet food ingredient supplier Chicago-based Ingredients Inc. “This is a promising new route, from which both parties will immediately benefit from each other’s strengths.” - Jim Stewart, Founder and Managing Director of Ingredients Inc. “We have already implemented strict precautionary actions over and above our standard procedures and protocols. These measures, in line with the guidance of national governments and international advisories, including limiting travel to certain areas, encouraging working from home near outbreak areas, and reiterating good hygiene practices for everyone. We have a dedicated team monitoring the situation, liaising with relevant organizations, and anticipating possible future developments to keep our people informed and safe.” - DSM “Due to the fact that the force majeure event is based on a combination of production and supply issue, we are not able to predict by when we can lift force majeure on ThreAMINO.” - Jurgen Krauter, Head of Communication, Evonik  CONCLUSION COVID-19 pandemic has taken a toll on the global population and economy. A collaborative effort on government, public health departments, and hospital fraternity to fight the coronavirus has led to economic slowdowns, global lockdowns, and extreme public safety measures. The public health measures include creating awareness about home quarantine measuring, maintaining food and healthcare supply, especially to the poor are being strictly followed by government across the world. Along with the food and healthcare industry, the feed industry is facing problems due to the non-working manufacturing industry. The demand for feed for livestock is high as the maintenance of livestock is an important aspect for breeders. This has increased the reliability on plain feed for animals without the addition of the nutritive value of the feed resulting in a loss in the business. The livestock industry has affected due to pandemic situations which in turn affected the feed additive industry as a result of reduced demand from breeders. Moreover, the poultry industry was battling with the rumors of the spread of COVID-19 through consumption of meat which impacted the market for poultry that affected the feed market in turn hampering the demand for feed additives. However, with the awareness and true information floating on various websites is expected to drive this market globally. Most of the manufacturers have started selling their products on online websites which are estimated to drive the market for online delivery sites and thus, manufacturers of feed additives.
Impact of COVID-19 on Cannabis in the Food and Beverage Industry | Data Bridge Market Research
COVID-19 Impact on Cannabis in the Food and Beverage Industry Coronavirus (COVID-19) outbreak across 110 or more countries has shown impact on every industry. Similarly, it has affected every person as well as every business worldwide with in some small or terribly large way. In present time scenario, the worldwide cases are more than 8.4 million due to which the economy of the countries has started declining. All the industrial sectors of this country are facing challenges starting from raw material collection to procurement of the end product. One of the industries which have got an impact due to the outbreak is cannabis industry. The revenue generations by the companies or the banks in start of year 2020 were plummeted as the consumers’ demand has decreased and the major reason was lockdown. Due to the lockdown, the biggest issue which was generated in this industry was supply chain disruption. Mostly, seeds and other products related to cannabis are imported from one country to other. For instance, · The U.S. is a bigger importer of cannabis and related products as the consumption and legalization is high. As supply chain disruption took place, the cannabis and related products import got decrease which has ultimately impacted the market growth. Another factor which has impacted the market is consumer behavior. Consumers are also not able to receive the products or seeds due to lack in the supply chain. For instance, patients with health issue are facing delays in the procurement of medicines of medical cannabis. So, to gain market growth, various cannabis seeds providers are focusing in e-commerce retailing through which they can provide the required products to growers. Growers can easily go for indoor farming and this ultimately helps the companies to generate more revenue. But the prices for the cannabis have increased with double or triple number, due to which consumer preference is declining. The COVID-19 pandemic has impacted all the industries worldwide. Moreover, demand is increasing only for essential product which declines the demand for non-essential things in market. And the dispensaries and cannabis shops were made close, but then, the public revolted in the name of public health. This has led the governing authority to put cannabis in the list of “essential” products. Dispensaries and cannabis deliveries were made open. To fulfill the demand, manufacturers have started providing their products with online retailing and via store also. Online retailing has provided a scope for the market to gain substantial growth at the time of crises. Companies market share in this sector have taken a hike as they are fulfilling the increasing demand. For instance, · MedMen Enterprises which is the U.S. based cannabis industry have gained 54.0% in shares in the month of March 2020. At present situation, cannabis companies have noticed that there is a change in buying habits as a result of the outbreak. Specially shift to edible products and away from those that require smoking. According to Squar Milne, it has been observed that, since March 2020, edible sales have increased from 15.0% to 30.0% whereas the sale of the plant has decreased from 25.0% to 17.0% and vape sales have also found to be diminished from 33.0% to 25.0%. As of now, depending on the situation, the providers should be more focused on the health of the workers and the consumers. They should provide clean and high quality products and should pressurize authorities to legalize the products across the country, so that the consumers’ demand can be fulfilled through advanced technologies in this point of time. In future, once the situation is under control, the demand for cannabis seeds in legalized countries for cannabis will drastically increase and it will help the organization to increase their revenue and ultimately this will lift up the market value.  CANNABIS MANUFACTURERS: PERSPECTIVE & INITIATIVES The outbreak of COVID-19 has brought world to a halt where each and every industry has got an impact of it. This crisis has brought to an unexpected situation through which everyone is going on. With such unscrupulous situation, everyone is trying to get over of it. In all, one of the cannabis related product industry which has fallen badly due to COVID-19 in start of 2020. But rising support from several companies as well as governments are helping the industry to rebuild the position again in market. Various studies based on cannabis have been conducted which claims the cannabis extract psychoactive drug could fight against coronavirus. For instance, The study has been conducted entitled “In Search of Preventive Strategies: Novel Anti-Inflammatory High-CBD Cannabis Sativa Extracts Modulate ACE2 Expression in COVID-19 Gateway Issues. “Angiotensin-converting enzyme 2 (ACE2) has been generally accepted by the scientific community as a receptor required for the entry of SARS-CoV-2 into human cells.” - Dr Igor Kovalchuk, CEO of Pathway Rx and holder of a Health Canada License for Cannabis Research The burst of pandemic panic complements a steady rise in U.S. cannabis sales that investors have largely overlooked amid the financial debacles of better-known Canadian names like Aurora Cannabis (ACB) and Canopy Growth (CGC). For instance, “The opportunity in Florida continues to be robust—to say the least.” - CEO Rivers, Trulieve Cannabis (U.S.) “Honestly, many medical-marijuana users are not in the upper economic stratosphere, They are using cannabis as a cheap form of pain medicine or for sleep maintenance.” - Boris Jordan. Executive Chairman of the Board, Curaleaf Holdings, Inc. "With so much of the country in quarantine right now, many are turning to self-care indulgences to keep themselves sane and even just pass the time, which is likely to help boost some CBD self-care products during quarantine time," - Brightfield Group Managing Director Bethany Gomez. “People are just really relying on CBD for anxiety and sleep and stuff like that. We've just been seeing a lot of people really particularly need it right now.” - Thomas Fisher, Founder of Botanic Alternatives Various companies brand have shown a significant growth in online sales of CBD. For instance, Gnome Serum a CBD brand has seen a 175% increase of online sales and average order sizes have increased nearly threefold. “What’s been most interesting to me [is] as the warnings of COVID-19 became more evident to the general public, consumers started buying multiple products in much larger quantities, not unlike what one is seeing in grocery stores, “Our average order in March alone is up more than two-and-a-half times our usual. So, if a customer was used to buying one item, now they’re buying three of the same item.” - Gnome Serum, CEO Greg Kerber “The company’s online sales have increased 12% as a result of COVID-19. Exactus Inc. supplies dozens of brands globally with CBD products globally including products that are in CVS, Sephora, Urban Outfitters, and more.” - Derek Du Chesne, the chief growth officer of Exactus Inc. “COVID-19 is affecting literally every community worldwide, The doctors and nurses are in short supply, underworked and need as much help as possible. Hopefully all cannabis companies can make small contributions that, combined will make a large, positive impact” - Crazy Calm, a CBD coffee company, Texas, U.S. “Aleafia Health’s focus on disciplined, sustainable and scalable growth is more important now than ever with the launch of two major initiatives to adapt to patients’ needs during COVID-19.” - Aleafia Health CEO Geoffrey Benic “The pandemic has also dashed efforts by state lawmakers to legalize marijuana. New York Gov. Marijuana legalization was a priority for him. With his state now suffering the worst coronavirus outbreak in the US, he has walked that back.” - Andrew Cuomo “Thermometers have always been useful to have in the home, but now more than ever. As coronavirus continues to impact people around the globe, thermometers are a must-have for monitoring possible symptoms of yourself and your household. With fever as one of the hallmarks of a COVID-19 infection, having one of the best thermometers handy — one that you can actually rely on — is critical.” - Forbes “The spread of the coronavirus has necessarily shifted legislative focus while also reviving dialogue about legalization through a new lens. This article explores how the coronavirus-related disruption to cannabis regulatory efforts will impact cannabis businesses over the short and long term and what we can expect to see on the cannabis regulatory front for the remainder of 2020.” - Eversheds Sutherland  CONCLUSION COVID-19 pandemic has taken a toll on the global population and economy. A collaborative effort on governments, public health departments, and hospital fraternity to fight the coronavirus has led to economic slowdowns, global lockdowns, and extreme public safety measures. The public health measures include creating awareness about home quarantine measuring, maintaining food and healthcare supply, especially to the poor are being strictly followed by governments across the world. Despite the pandemic situation, the market for cannabis has shown drastic growth due to its medicinal properties and consumer preferences towards cannabis-based products. The demand for cannabis-based food and beverage along with the smoking products is rising in the countries where legalization of cannabis is already done. Due to the medicinal properties of cannabis, the governments of many countries are focusing on legalizing the cannabis-based products; this is expected to drive the market for cannabis globally. Increasing the inclination of the younger population towards cannabis in various forms is also a major factor affecting the market for cannabis-based products.
Impact of COVID-19 on Brewing in the Food and Beverage Industry
COVID-19 Impact on Brewing in the Food and Beverage Industry The brewing industry is the second largest source of revenue generation in beverage industry and are mostly generates their revenue through off trade distribution channels. Alcoholic beverages are the largest source for revenue generation among restaurants comprises around 20% of total turnover of restaurants. The brewing industry has been always approached with the double digit growth due to the demand of the craft breweries, beer, wine and other sprit drinks. The pandemic impact on the brewing industries have been largely distracted the growth of craft brewers and in the production of beer as they are majorly consumed by the population. Among alcoholic beverages beers makes their largest place. The worldwide shutdown of the supermarkets, local breweries, brewpubs, taprooms have largely impacted supply of the breweries in local market. According to the survey organized by Brewers Association in the U.S. among 900 brewers 90% have stated the negative impact Covid-19 via on-site sales, distributor orders or cancellation of organized events. The brewers also confirmed that 30% of brewer productions have stopped and 61% of the productions had been slowed down. As per the lay off the employment 60% of the brewers anticipated to layoff due to Covid-19. One of the major Giant of breweries Michigan, which had 400 licensed breweries among U.S., have stated “the pandemic had been devastating for most breweries” by director of the Michigan Brewers Scott Graham. Scott Graham also commented that “Businesses are suffering, some may not be able to reopen and for everybody that does, it’s going to be kind of a new reality.” Impact on Craft Brewery: The craft brewery among all segments of alcohol is becoming more popular due to the traditional taste of the brewery by local and independent brewers. The recent comment by the Brewers Association (BA) Industry trade group have stated in 2017, the sales of craft beer in value or volume continued to hover in the mid-single digit at various convenience stores and groceries chain and with the dollar growth declining by 1% due to the backdrop of beer sales by 2%. However, with the highest growth rate of craft beer the major impact of the Covid-19 was shown on the local and regional small breweries due to shut down and social distancing actions forced the vast major population of the breweries, bars and restaurants for the time being close to their taprooms and drinking areas. The chief economist of Brewers Association (BA) has stated “the winners of the past few years may become the losers after COVID-19’s” According to the survey of Brewers Association (BA), that 2% of the craft breweries will surely not open again, and almost half of the brewers admitted that they won’t be last longer than 1-3 months if the economy stays shuttered. Chief Economist of Brewers Association (BA) Bart Watson, stated “The smaller you are the more in danger you are.” Impact on Raw Material Sourcing: The pandemic Convid-19 led to a fall in the supply of CO2 which is used in the production process of beer, soda, fizzy and other sprit drinks. Wherein, the production of the ethanol blended into the gasoline supply have declined due to fall in the gasoline requirement due to COVID-19 pandemic. In U.S. the gasoline demand have been declined approximately 30%. The lack of ethanol output distracts the specialized corner of the food sector, as 34 plants out of 45 ethanol production plants have cut down or idled their process in the United States, stated by Chief Executive Geoff Cooper of Renewable Fuels Association 1. On 7th of April a letter declared by Vice President Mike Pence of the Compressed Gas Association (CGA) stated that CO2 production had declined by 20% and could be drop by 50% by mid of the April. 2. Mean while, beverage manufacturers are looking for alternative option of CO2 for production of beverages stated by Orion Melehan, CEO of LifeAID. 3. Furthermore various companies declined that they are facing issues in supply of CO2 including National Beverage Corp, Coca-Cola Co and PepsiCo Inc. 4. Wherein Kasper Elbjorn stated that they in-line produce the CO2 while the brewing process. The pandemic COVID-19 have impacted in the production of overall brewers and the ingredient utilized while the process. Though few of the companies keeping concern have started their own R&D for the option of alternative of CO2 and other ingredients. The lack of ingredients hover the production of overall breweries and disrupting the brewery market. Halt in the Production Process: The pandemic COVID-19 have halted in the production of beverages worldwide this is due to the declined the demand of breweries, shut down of the local bars, pubs and restaurants, lock down of the supermarket and specialty grocery shops. As due to the drawn in the demand and lockdown companies have halt their production, for instance, 1. On 3rd of April, A Mexican brewing company Anheuser-Busch InBev halted their breweries after coronavirus ruling in Mexico. 2. The China production facility of the Carlsberg was on halt which came under operation from 10th of February. The halt in the production from the Chinese New year have drawn down because lock down due to COVID-19. The micro brewers have completely under halt as the supply or retailing of the breweries has been lock down by the government authorities. Home Delivery as an Opportunities: Due to the worldwide lock down of the restaurants, pubs, drinking and dining have restricted the supply chain of the brewers as majority of breweries are supplied through off trade retailing channels. In this pandemic home delivery of breweries can act as an opportunity for the market. The home delivery for smaller brewers could be challenging as this is not an usual method of delivery. Various small brewers in Swiss countries have been taking order from the usual sites and delivering it to home, such as Bier Factory showcasing small breweries and helping them to delivery their beer throughout the country. Wherein. Home delivery should not be measure for temporary as one out of 5th customer find convenience of home delivery options and hence remain as an important channel for distribution or retailing. The various companies in India have kept proposal for home delivery of breweries among whole country, · For instance, In 10th April companies United Breweries, Carlsberg, Bira 91 and Anheuser-Busch InBev have written letter to the Central Government of India for the online sale of beer due to the lock down of pandemic of COVID-19 and even the lockdown extended. The recent data published by All India Brewers Association (AIBA) stated that in India there is around 25% fall in the sale of breweries due to the lockdown. Brewers also stated for the reopening of outlets in a phased manner so that it will avoid wastage. As the distilled spirits such as beer has a short lifespan approximately 12 months. As of now the sprit manufacturing companies have taken initiatives to produce the hand sanitizer and essentials require to tackle with COVID-19. The majority of alcohol manufacturers have pledged to support and cure the staff. This pandemic have majorly affected the retailing of the breweries of micro brewers and affected the overall craft beer market. The industries, if restructuring their production facility should take all safety measures and should follow the guidelines for their supply chain to the various outlets.
Baby Food Packaging Market: Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2020-2025
A complete report on Baby Food Packaging Market: Global Industry Analysis, Size, Share, Growth, Trends, And Forecast, 2020-2025 was published by Eon Market Research to understand the complete setup of Baby Food Packaging Market industries. It focuses on size and framework of global Baby Food Packaging market sectors to understand the existing structure of several industries. Challenges faced by the industries and approaches adopted by them to overcome those threats has been included. This research report is helpful for both established businesses as well as start-ups in the market. Researchers of this report provide a detailed investigation of the historical records, current statistics, and future predictions. Objective: The main objective of the global Baby Food Packaging market report is to observe the particular market sizes of individual countries and segments in recent years and to determine market revenues forecast. The “Baby Food Packaging” research report contains exact and accurate parameters that can be applied to every region and country. Get Exclusive Sample of Report on Baby Food Packaging Market is Available @ https://www.eonmarketresearch.com/sample/71080 Market Segmentation: Top Key Players Include: Amcor Ardagh Group Bemis Company Tetra Laval International Verallia Ampac Ball Caspak Crown MeadWestvaco Mondi Owens-Illinois Reynolds Group Sealed Air Sonoco Based on Key Types: Glass Jars Plastic Containers Metal Cans Folding Cartons Flexible Packaging Based on Applications: Dried Foods Prepared Foods Milk Formula Based on Geography: 1. North America (USA, Canada, and Mexico) 2. Europe (Germany, France, the United Kingdom, Netherlands, Russia, Italy and Rest of Europe) 3. Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India, and Southeast Asia) 4. South America (Brazil, Argentina, Colombia, the rest of the countries, etc.) 5. The Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Nigeria, and South Africa) Highlights of the report: 1. Baby Food Packaging Market recent innovations and major events. 2. Detailed study of business strategies for growth of the Baby Food Packaging Market leading players. 3. Conclusive study about the growth plot of Baby Food Packaging Market for forthcoming years. 4. In-depth understanding of Baby Food Packaging Market -particular drivers, constraints and major micro markets. 5. Favourable impression inside vital technological and market latest trends striking the Baby Food Packaging Market. Any Questions? Feel Free To Enquire Here. We will Put You On The Right Path: https://www.eonmarketresearch.com/enquiry/71080 Table of Content: 1. Introduction. 2. Market Overview. 3. Baby Food Packaging Market Dynamics. 4. Baby Food Packaging Market Analysis. 5. Baby Food Packaging Market Competition Analysis. 6. Baby Food Packaging Market Analysis by Type Market Analysis 2015-2027 (US$ Bn). 7. Baby Food Packaging Market Analysis by Application Market Analysis 2015-2027 (US$ Bn). 8. Baby Food Packaging Market Analysis by Geography Market Analysis 2015-2027 (US$ Bn). 9. Company Profiles. 10. COVID 19 Impact Analysis. 11. Import – Export Analysis. 12. Baby Food Packaging Marketing Channel Analysis. 13. Baby Food Packaging Manufacturing Cost Analysis. 14. Conclusion. ACCESS FULL REPORT: https://www.eonmarketresearch.com/global-baby-food-packaging-market-71080 About us: Eon Market Research (EMR) is a market research-based company that empowers data-driven companies. We provide accurate and well-informed market research reports, Real-Time with Real Application. Good research methodology proves to be effective and concise knowledge that uses complex decisions from day-to-day to day-to-day life to help us manage vision, intention and well-armed strategies. At EON Market Research, we are constantly striving for excellence in the techniques and consistency of research in our studies. Contact Us: Eon Market Research Phone: +1 703 879 7090 Email: sales@eonmarketresearch.com
COVID-19 Impact on Meat in the Food and Beverage Industry
COVID-19 Impact on Meat in the Food and Beverage Industry The meat industry is largest segment of food industry. The growing demand for the high valued animal protein has brought an increasing pressure on the livestock sector since long. It has been observed that this sector is growing with unpredicted growth rate due to certain driving factor such as increase in population, rising income and increasing urbanization. According to WHO, the meat production is projected annually with an increase to 376 million tons by 2030 from 218 million tons in 1997-1999. But last year during starting year of 2020, pandemic crises started that has raise the question on the meat industry and the practices. The crises is not new to this industry because there were number of problems the industry has faced where its demand has fallen down and they were “Mad Cow” in 2005, SARS in the year 2003, and another in 2005 which was ”Bird Flu”. All these endemic and pandemic in last few decades have impacted the meat industry badly. Recently the COVID-19 has entered into the market and it has disrupted the meat market and pulled it in decreasing manner. This has majorly changed the consumer behavior, impacted the supply chain and also made international trade complicated. The major reason for such changes is lockdown in all countries across the world. In China, coronavirus has impacted the meat market badly during the lunar new year which is a peak season for the meat (red meat) consumption. Due to the lockdown of hit ports and the meat processing facilities by the government, it has not only disrupted the production of local meat but also affected the revenue generation of country due to lack in the import. During the 2020, in U.S. outbreak of the virus took place in various factories of meat processing and meat packing. It has affected large number of plants and led into closure of the number of factories and ultimately posed to significant threat on the food supply. According to U.S. Department of Agriculture, the global chicken meat trade has fallen by 4.0% to 11.7 million tons on the downward revisions for all major exporters except Brazil. Due to this, the global chicken meat trade will get shrink by 1.0% from the last year. Due to the lockdown, the supply chain imbalance has risen and this ultimately has impacted the consumption pattern globally. Similarly, In India the buffalo meat exports have got massive hit by the coronavirus outbreak falling approximately 50.0% to around 50,000 tons in the last one month of the 2020. According to the data from Agricultural and Processed Food Products Export Development Authority (APEDA), buffalo meat exports got decrease by 10.04 lakh tons in the April-January period of 2019-20 as compared to in 2018-19 where it was 12.3 lakh tons. In the current scenario, it is not possible to forecast that what will happen on the global meat market in future as it totally depends on the control of the COVID-19. If countries will be able to control the outbreak of the COVID-19 soon, it the market will definitely regain its position in market. As of now, depending on the situation industries should be more focused on the health of the worker and the consumers. The industries, if they are open for the meat processing right now should take all safety measures in their factories or plant and at the same time, they should put pressure on the authorities to allow the supply chain moving with guidelines so that the supermarket/ hypermarket shelves get the meat on time.