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understanding the functional foods market
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the united states market for functional foods and beverages is currently worth more than $11 billion (€12.33bn) but trying to establish the size of markets for health-enhancing foods can be a gamble, claims a new report from uk research company new nutrition business. the report, strategies in functional foods & beverages 2002: the hottest topics , says that estimates by market analysts of the size of the market for functional foods and beverages can vary by more than a factor of 10. for example, different market analyst reports have recently estimated the u.s. market as anything from $1.4 billion (€1.5bn) to $16 billion (€17.9bn) over the same period reviewed. "defining the market for functional foods has proven problematic for market analysts since it is highly fragmented and covers a multitude of products with proven and unproven health benefits," says report co-author julian mellentin. "as a result, market researchers are often vague about what products or product ranges are used to build up their market numbers for functional foods". in deriving figures for the u.s. the new report makes estimates based on activity in specific food and beverage categories - giving a market for foods of $5.74 billion (€6.43bn), the vast majority from breakfast cereals, and $5.48 billion (€6.14bn) for beverages, led by orange juices and sports drinks. the report warns that much functional food and beverage market activity is not new growth, but the conversion, re-positioning or new marketing of existing product ranges on the back of their health-enhancing properties. report co-author michael heasman comments: "we are seeing many food categories, for example, cereals and juice drinks, effectively being converted from 'regular' to 'functional' foods and beverages. however, these changes, while important, also obscure real new growth. for example, in europe, some new functional dairy products have grown from zero to more than $300 million (€336m) in five years. in the uk the new cholesterol-lowering spreads market, driven by mcneil's benecol and unilever's pro.activ brands, has become a $100 million (€112m) product range in just two years". the report stresses that individual brands must be studied in order to fully understand exactly which functional foods and beverages are growing.
Source :Food Ingredients Food Science - Additives, Flavours, Starch
Date :
15
January
2002
Category :
Functional Foods
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last week’s withdrawal of a high-profile functional food in france is disappointing for the company concerned and maybe for the healthy/functional foods industry, but you may be led to think differently if you happen to be a reader of the uk broadsheet, the financial times . danone’s decision to pull its beauty yoghurt essensis from french retail shelves due to withering sales amplified by the economic slow-down (click here to read about the withdrawal) prompted the ft journalist covering the story to write: “the withdrawal could signal the end of the so-called ‘functional foods’ movement of the past few years in which staid food companies experimented with unusual kinds of products, including flavour and vitamin-enhanced waters.
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pressure from consumers and authorities for healthier soft drinks dominated a meeting of the key movers and shakers in the uk soft drinks industry late last week. executives from the likes of pepsi uk and ireland, coca-cola enterprises (cce) and silver spring soft drinks attended the 2010 uk soft drinks industry conference, organised by zenith international. victoria milne, senior analyst for zenith, forecast that the industry should expect a boost in consumption in the country in 2012, when the olympics come to the uk.
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the us, the biggest food and drink market in the world, sets the trend in many product categories and recent research from leatherhead food research’s global food markets database has highlighted the likely growth areas for the year ahead. whilst retail sales growth in most food categories in the us has slowed during the current recession, there remain many areas of growth. many of the most successful new products over the last few years have focussed on offering some type of health benefit or fortification.
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digestive health is one of the hottest topics in the food and beverage arena, driven by innovations in product formulations and increasing awareness among consumers of the link between digestive health and immune function, according to market research firm packaged facts. in its new report, “boosting immunity through digestion,” the company reported the global retail market for probiotic/prebiotic foods and beverages topped $15 billion in 2008, a 13 percent increase over 2007.
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from heart-friendly margarines to sugary cereals that strengthen bones, once-demonized foods are being spiked with nutrients to give them a healthier glow — and consumers are biting, even on some that are little more than dressed-up junk food.a report released thursday finds that even in a weak economy, people will pay a premium for products seen as preventing a health problem or providing a good alternative to sodas and empty-calorie snacks.
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Coca.Cola
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PEPSI
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Mcdonald
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Nestle
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Mars
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Baskin & Robins
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Nutrika
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Mumika
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Chika
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