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Dairy Foods Market Companies, Consumption, Drivers, Trends, Forces Analysis, Revenue, Challenges and Global Forecast 2027
The global dairy foods market size is expected to reach USD 964.18 billion by 2027, exhibiting a CAGR of 4.6% during the forecast period. The significant demand for dairy products yogurt, cheese, and whey proteins among the general population will augur well for the market, states Fortune Business Insights, in a report, titled “Dairy Foods Market Size, Share & COVID-19 Impact Analysis, By Source (Cattle, Sheep, Goat, and Camel), By Type (Lactose and Lactose-free), Product Type (Milk, Cheese, Butter, Dessert, Yogurt, and Others), Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, and Online Retail), and Regional Forecast, 2020-2027.” The market size stood at USD 686.18 billion in 2019. The coronavirus emergency has resulted in financial jeopardy for trades and businesses around the world. The authorities of several countries have initiated lockdown to avert the increase of this infectious disease. Such strategies have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly. Market Driver: Rising Consumption of Value-Added Dairy Products to Contribute Impetus The evolving lifestyles of people and disposable income are factors expected to spur opportunities for the market. The growing demand for value-added dairy foods such as cheese, butter, creams, and yogurts among consumers will have a tremendous impact on the market. The increasing cognizance about gut health will further fuel demand for yogurt, kefir, and other fermented dairy products, in turn, bolster healthy growth of the market. The rapidly prospering dairy industry is expected to enable speedy expansion of the market in the forthcoming years. In addition, the development of innovative powders such as dairy creams and cheese powder can promote the growth of the market. Instability in Dairy Production to Disrupt Business Amid COVID-19 The lockdown in several regions has severely impacted the global dairy foods market. The massive drop in the foodservice industry has resulted in limited demand for dairy products. Thus, the low demand for higher-value products is expected to hamper the dairy business. Nonetheless, the growing sale of low-cost dairy foods such as milk powders among consumers will simultaneously aid the market for speedy recuperation. In addition, the technological advancements to improve the production of dairy products will promote the market amid coronavirus. Regional Analysis: High Demand for Clean-label Products to Influence Growth in Europe The market in Europe is expected to experience a rapid growth rate during the forecast period due to the growing demand for clean-label dairy products. The shifting consumer preference towards organic, healthy, non-GMO, lactose-free, and non-fat milk and dairy foods will aid expansion in the region. North America is likely to hold a small portion in the global market during the forecast period owing to the shifting consumer preference towards vegan products. However, the ongoing awareness programs to encourage consumers for animal-based dairy products can potentially stimulate the market in the region. Moreover, the rising consumption of infant formula and whey powder will favor growth in the region. Key Development: June 2020: Lactalis International, announced the release of a new skimmed milk powder made by using a specific heat treatment that denatures the protein to obtain a heat-stable powder. Browse Detailed Summary of Research Report with TOC: https://www.fortunebusinessinsights.com/dairy-foods-market-103890
How COVID-19 Impacted on the Global Collagen Market in the Food & Beverage Industry ?
Impact of COVID-19 on the Global Collagen Market in the Food and Beverage Industry ANALYSIS ON IMPACT OF COVID-19 ON THE GLOBAL COLLAGEN MARKET COVID-19 has positively impacted the global collagen market with increased sales of the supplements. According to the World Health Organization (WHO), maintaining a good and healthy immune system may help in early recovery from viruses such as coronavirus. For that, people are advised to preserve vitamins, proteins and micronutrients in their bodies. Collagen is one of those supplements that help in maintaining the protein level in the human body. Keeping the current lifecycle in consideration, the amount of collagen produced in the human body is relatively weak. Thus, people have started opting for collagen supplements, increasing the demand for collagen-based accessories globally. There is a growing demand for collagen in the sports nutrition industry. Collagen is added to the supplements to maximize performance and leads to bodybuilding, increasing the prevalence of food supplements in athletes. Food supplements help the body maintained shape with an attractive physique. Thus, the increasing use of collagen as an ingredient in supplements for sports athletes has maximized collagen usage, leading to the increase in the extraction of collagen in the market. As a result, the key market players started to introduce a variety of sports nutrition containing collagen protein due to growing demand and its health benefits. For instance, · In April 2021, Reneva collagen drink launched a new product formulation and found a green apple flavor. It is packed with 10 grams of collagen peptides that help to enhance lean muscle gain, muscle strength, boost metabolism, and increase fat loss in combination with moderate exercise. · In September 2019, Vital Proteins launched Vital Performance, a collagen-based sports nutrition product tailored to meet the functional needs of athletes. · In August 2018, Advanced Protein Technology introduced a new line of collagen-based products named Nutra Collagen. This is built on the advanced quality of purity, quality and functionality. Thus growing demand for sports supplements will further fuel the demand for collagen in the market in the coming years. As per IRI (Information Resources, Incorporated) data, the demand for various dietary supplements has increased in the U.S. market. Since March 2020, the sales of accessories rose by 6%. There has been a rise in the demand for vitamin-C supplements and protein supplements by more than 100%. The declaration of dietary supplements as "essential" business has maintained the supply of these nutrients. AFTERMATH OF COVID-19 AND GOVERNMENT INITIATIVE TO BOOST THE GLOBAL COLLAGEN MARKET As COVID-19 has increased the demand for collagen and collagen-based supplements, a gap has appeared between the supply and direction of the product. To maintain the balance of supply and demand, various countries' governments are taking multiple and essential steps towards it. Moreover, after the outbreak of COVID-19, the consumers have become more conscious about the intake of food sourced from an animal. The majority of the population globally is turning vegetarian or either vegan, especially after the COVID-19 outbreak. With the growing awareness regarding the health benefits of consuming plant-based products and also about supporting the environment and animals with the consumption of plant-based collagen substitute products, the demand for an animal-based collagen-based product might shrink in the coming years. After the COVID-19, consumers are opting for vegetarian food and plant-based products, even plant-based meat, as they got more inclined to lead a clean and healthy lifestyle, which may restrain the market in the coming years. During the worldwide pandemic, the demand for health and dietary supplements has peaked up sharply. But at the same time, supply has been impacted because of limited manufacturing. Compared to traditional food manufacturers, the dietary supplement companies face huge supply chain problems due to shipping and manufacturing problems compiled with the increase in demand. The government is making many changes to handle the impact. For instance, · The Chinese government has accelerated the e-commerce trade among cross- borders and has launched new models to increase FDI. For this, the government has implemented a policy for VAT exemption, consumption tax and levied corporate income tax for retail export goods in specified zones. The tax exemption and other subsidiaries will help increase the number of imported goods in the local market. Local retailers will be encouraged to open up businesses in those specified zones known as the CBEC zone. · The Brazilian government published a resolution eliminating import taxes on medical products based on collagen. STRATEGIC DECISIONS FOR MANUFACTURERS AFTER COVID-19 TO GAIN COMPETITIVE MARKET SHARE Due to higher demand, manufacturers have to make strategic decisions to maximize their profit and proper supply. Some of the strategic choices include acquiring with overseas manufacturers to regularize an appropriate collection of the products. For instance, · In June 2020, Nestlé Health Science (NHS), a global leader in nutritional science, decided to acquire a majority stake in Vital Proteins, America's leading collagen brand and a lifestyle and wellness platform offering supplements, beverages and food products. · In January 2020, Halma Plc acquired NovaBone Products, LLC ("NovaBone"), a designer and manufacturer of US FDA-approved synthetic bone graft products and collagen solutions. · In July 2020, Collagen Solutions Plc (AIM: COS) announced that it has entered into a new three-year agreement with NovaBone Products ("NovaBone"), a designer and manufacturer of the U.S. FDA-cleared synthetic bone grafts. This strategic decision among the critical player collagen market amid the pandemic will further escalate the growth of the collagen market in the coming years. Furthermore, various collaborations are expected in the coming years, further driving the market in the forecast year. IMPACT ON DEMAND COVID-19 breakout has increased demand for various supplements such as protein supplements and vitamin C. Some of the accessories have even witnessed the increased demand by many folds due to the growing focus on healthy and robust immune systems. Collagen-based supplements are required for proper growth, especially in infants and kids. As during COVID-19, it is challenging to obtain the necessary amount of collagen from other sources. Thus, people prefer to overcome collagen deficiency with the help of collagen supplements such as pallets, tablets and capsules. IMPACT ON SUPPLY CHAIN Due to the pandemic condition worldwide, the manufacturers have done several changes in the supply chain of the product. In countries as India, the government has added the dietary supplement such as collagen-based supplements in the list of essential products. Thus, it is an on-selling product in the market during the COVID-19, but as the country is running under lockdown, the manufacturing has impacted the supply chain at almost every point. The product is already available in the market. Still, the consumers are not buying due to the fear of getting affected and on the other hand, some people are ordering the product, but due to the lack of delivery partners, the products are not reaching on time to the consumers. In many regions, overseas contract manufacturers are being contacted, but they ask for higher prices and air freight expenses. This has also impacted the overall supply chain of the product. However, e-commerce is playing an essential role in providing collagen-based sports nutrition. Despite the hurdles, e-commerce and private label saw a sharp rise as the industry braced itself for the second wave of the pandemic and beyond. For instance, · According to Nutrition Business Journal's "2020 Supplement Business Report," demand for the nutritional supplement has been grown is they are expected to grow at 61.4% in 2020. Further online sale is expected to reach USD 10 million in 2023 in which online sales of nutritional supplements will acquire 19.6% of sales by 2023." Thus pandemic has shifted the consumer shopping interest and forcibly satisfied with online shopping and thus resulting in a considerable share from e-commerce websites. The boom in online / e-commerce platforms has had an enormous effect on the market's supply chain as it provides greater flexibility, convenience to the consumer. This also helps maintain a better social distancing compared to traditional store-based retailers or supermarkets. Globally, after the lockdown, Google's search for food delivery services rose by 300 %. PRICE IMPACT After the outbreak of COVID–19, it is most likely that prices for supplements such as vitamin C and protein-based supplements will rise. As per the experts, the increasing demand will lead to a rise in the prices for a shorter duration, but it will increase. The impact of price rise will affect the spot- buyers at the supply chain. Also, it is expected that companies that are 100% price-driven will face increased prices with a lack of goods. Compared to other commodities, collagen-based supplements are already sold at higher prices and by this pandemic, the prices have gone up. CONCLUSION As COVID-19 has affected most businesses around the globe, the market of collagen and collagen-based supplements has seen an unexpected rise in demand. With the growing concerns about the robust immune system to minimize the chances of coronavirus, the collagen-based supplements market has gone up. But at the same time, due to shut down in most countries, it has also adversely affected the supply of collagen. Along with this, the increased demand has also resulted in a hike in the price of collagen. The government and the manufacturers are taking various measures to maintain the supply-demand balance in the global collagen market.
Interesting pest control tips you need to know
Even if you live in a modest house with little furniture, you can still have pests. If you have a pest problem Contact Possum Pest Control Melbourne, read some very helpful tips on how to solve the pest problem. Please consult your local building authority and ordinance for available pest control options. Spraying banned chemicals locally can be counterproductive if you try to sell your home later. It should motivate you what you can and cannot do about how to get rid of pests. Use an outdoor aerosol spray around your home. Spray around the house, near porch, stairs, doors and windows. Look for cracks or small holes that pests can use as an entrance to your home. Use caulking or caulking to cover these areas. People can only confirm that some of their homes are infected with termites. Dogs can control about 100 percent of their homes. Dogs quickly pick up the methane gas that termites generate when they eat trees. People fighting flying pests need to repair screens in their homes. Door and window screens keep insects flying and creeping out of the house. Fix the holes you find and replace the screen to keep out insects. Look for water standing around the house and get rid of it. Pests like water standing like nothing else. Be careful not to leak pipes or collect water. Pests need water, so getting rid of them makes it much harder for pests to live in your home. Peppermint helps avoid mouse problems. Plant mint around the base of your home. This is an unwanted base for mice to live there. If the mouse has problems, sprinkle mint around the affected area. This eliminates most mouse problems. Don't forget to use fresh leaves. Outdoor lighting is great for keeping strangers out, but it can also be a pest sign. If you need outdoor lighting, choose a color that is less attractive to pests, a yellow or orange color, or a yellowish bulb. If you act proactively, you don't have to live with pests that invade your home. Go to the renovation store and ask what you need to do to get rid of them. They can tell you which pesticides work on the specific pests that plague your situation. If you leave it in a caravan stored outdoors in the fall or winter, the mouse will board the trailer. Many natural repellents work to keep them away from the caravan. A small bag of rodent repellent has a non-toxic and pleasant odor, but prevents mice from entering the garage or caravan. Hairspray helps get rid of flies around the house. Hairspray sticks to them and makes you unable to get food, water or food. Fighting bees at home is especially helpful, and you want to keep your home.
❤ Happy Valentine's Day! ❤
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