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functional foods can buck recession
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the global functional foods market will be worth about €175 billion by 2012 – a 25 per cent jump over 2007 levels of €120bn, according to euromonitor international data. in a global health and wellness market, the researcher puts at €450bn, functional foods are the fastest growing sector and second in value to naturally healthy foods (€155bn), both now and in 2012. by 2012, better-for-you foods (€140bn) will be the third highest selling category, followed by vitamins and food supplements (€60bn); organic (€24bn); botanicals (€22bn); slimming products (€8bn); food intolerance products (€6bn) and sports nutrition products (€2.4bn). the data was presented in a recent presentation by euromonitor analyst, ewa hudson, that considered the effects of the economic slow-down on the healthy foods sector and found those foods that delivered real benefits at a reasonable price had the best chance of survival. such foods, which included those fortified with calcium, vitamin d, plant sterols, omega-3 and probiotic, were likely to be considered must-haves rather than unnecessary indulgences, hudson noted. is it worth it? but the whole sector, while still growing, faced tough times ahead with functional foods and drinks annual growth rates dropping below five per cent by 2012. “with the ongoing financial crisis hitting consumer's pockets – and fears the worst is yet to come – the future of nutraceuticals seems uncertain,” hudson said. “consumers ask: beauty pills? fat-burning drinks? is it really worth it? consumers demand that manufacturers justify the extra expenditure their products require.” she said successful products offered a particular health or lifestyle benefit that will profit them in the long term. “consumers need to understand and accept what they pay the premium for,” she concluded. key trends hudson noted several key trends including ‘beauty from within’ where skin, nails and hair were increasingly being targeted with supplements and foods. products included an aloe vera skin health yoghurt that had achieved sales of €4.5m in spain in 2007. this sector has however had a shadow cast over it by the recent withdrawal of danone’s beauty yoghurt, essensis from the french market and its failure to take hold in other european or markets. weight management was another key area, with whey, conjugated linoleic acid (cla) soy and dietary fibre heading the list of star ingredients. digestive health, immunity and heart health were other highlighted areas. in heart health, global fish oil supplement sales would grow 32 per cent from €1.6bn in 2007 to €2bn in 2012 with the us (30 per cent), the uk (13 per cent) and japan (11 per cent) accounting for almost half of those sales. euromonitor put the global omega-3 foods market at €1.2bn. also in the heart-health area, sterol foods came in at more than double - €2.5bn. in the digestive health/immunity area, sales of pre- and probiotic yoghurts hit €12.4bn, a 108 per cent increase on 2002 levels.
Source :foodanddrinkeurope.com
Date :
16
February
2009
Category :
Functional Foods
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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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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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london—frost & sullivan presented its 2008 global food and beverage prebiotics innovation award to marigot ltd. and gtc nutrition for their partnership product concept calcilife™. the prebiotic mineral-based blend combines aquamin® calcified minerals from cork, ireland-based marigot, and nutraflora® prebiotic short-chain fructooligosaccharides (fos) from golden, colo.-based gtc nutrition. deborah cross, an industry analyst with frost & sullivan, said, “the companies have answered the needs of a growing consumer demographic by innovatively targeting nutrition and health within the developing global functional food ingredients market with their science-based combination product.
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a euromonitor international report has highlighted the rising importance of prevention of disease and unwellness as opposed to treatment in the minds of large swathes of consumers. the researcher noted health and wellness (h&w) foods and beverages grew by 64 per cent between 2002-2007, compared with 45 per cent for total packaged food and 57 per cent for hot drinks.
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the market predictions for omega-3 products are endlessly buoyant but a closer look at the state of play reveals very few omega-3 functional foods and beverages have moved beyond niche sales levels. launches continue coming thick and fast, but in most cases sales are lagging seriously behind. for an apparently booming sector selling itself on heart and brain health, it’s all a little strange.
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dsm's full year nutriton results show investment in innovation is rewarded with strong market position, but rising costs, high expenditure and damaging exchange rates compromised profits. in the nutrition sector, the fourth quarter's net sales increased 13 per cent, helping pull the year's sales up by 6 per cent, up to €2.5bn from €2.4bn in 2006. overall net sales for the fourth quarter grew by 8 per cent, resulting in a 5 per cent increase for the full year.
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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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