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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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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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nutraingredients examines the omega-3 marketplace in the final instalment of a series that has scanned the scientific, regulatory and supply issues surrounding an ingredient that would appear to have everything. estimations vary as widely as the analysis, depending on which researcher or pundit you speak to, but omega-3 is unlikely to fade far from the public or business imagination because it has a sound grounding that is not possessed by all functional offerings: solid and voluminous scientific backing for health benefits ranging from heart and brain health to maternal and infant health, skin, joint and immune health and more a high level of public awareness and acceptance formulation diversity that means most foods and beverages are available for fortification with these facts banked, omega-3 has boomed and suppliers report buoyant sales to supplement manufacturers, food and beverage makers.
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the rise in health and wellness, a 'sea of change' in the food industry, is creating challenges for formulators, but hydrocolloid companies can offer solutions, says cp kelco. "we see health and wellness creeping in to every aspect of the food industry," dr. steve bodicoat, marketing and innovations director for cp kelco, told foodnavigator.com at the recent fie in london.
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flavour industry innovators are seeking inspiration from ever more exotic superfruits like lula and camu camu, in a bid to both harness their healthy reputation and present new offerings to counter consumers' organoleptic boredom. the term 'superfruit' refers to any fruit that has a particularly high antioxidant content or is packed full of other beneficial nutrients.
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food manufacturers are being urged to cash in on the growing consumer demand for specialised food intolerance products and to steer the trend more towards the mass-market. according to euromonitor international, the food industry is struggling to keep up with the rise in food allergies or 'sensitivities' in the uk, and as a result many sufferers have to seek out premium priced food products in specialist outlets.
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us food company kraft foods has a recipe for financial growth that is feeding wall street\'s appetite, reuters reports. according to the recent report, kraft is attempting to outsmart the slow-growing food sector with breakneck innovation. the company is not only transforming old brands, such as oreo cookies and macaroni & cheese, but it is also adding new products to its portfolio that emphasise convenience, portability and health.
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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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