The plant-based category is witnessing buoyant growth, boosted by health, environmental and animal welfare concerns. In this editorial webinar, FoodNavigator will profile the latest approaches to innovation in the plant-based space.
Many dairy companies and cooperatives have turned to R&D to improve profits, going beyond milk, yogurt and cheese, looking to create functional ingredients that can be added to a wide range of products.
How can food brands deal with the challenge of meeting increased demand among consumers for products deemed ‘natural’ and that come with ‘cleaner’, ‘shorter’ labels, whilst also providing products with a full nutritional profile?
Asia continues to battle the double-burden of malnutrition and obesity, leading to projections that the reformulation market will rocket from $65bn today to $110bn by 2025 and the fortification sector will surge from $70bn to $125bn by 2030.
The Asia-Pacific infant formula market size was valued at $11.4 billion in 2017, and is projected to reach $26.8 billion by 2026, with China, India and emerging South East Asian markets particular hotpots.
Asia is tipped to be the largest region for plant-based food consumption in the $21bn global finished product market by 2025 on the back of consumers’ ethical, health and environmental concerns, plus extensive product innovation.
The APAC probiotics market is predicted to grow from $17.5bn in 2018 to more than $25bn by 2025, while the prebiotic market is set to enjoy almost double-digit CAGR over the period, as benefits far beyond digestive health are more widely understood.
By 2050 there will be 1.3 billion people over the age of 60 in APAC, up from around 650 million today, with vast gains predicted for products that help boost immunity, bone, joint, muscle, cognitive, heart, skin, eye and digestive health.