Market Research Report
2016 CANOLA OIL INDUSTRY REPORT - GLOBAL AND CHINESE MARKET SCENARIO
Industry Insights The organic chemical industry has rapidly evolved over the recent decade. The market provides raw materials to a range of end-use industries, such as plastic, paint and adhesive manufacturing. Increased consumer consumption and a rising export in Canola oil is expected to boost the market growth across various regions. Organic chemicals are mainly produced from petroleum and natural gas routes. However, recent volatility in the cost of petroleum & natural gas along with continuous declining gas reserves has led industry players to look for alternative feedstock such as coal, biomass, and coal bed. Manufactures explore new applications and incorporate technological advancements in the manufacturing processes to boost the market growth.
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Strategic Insights: Recent researches in nutrition, especially in developed and developing countries, suggest interesting trends in terms of taste, color, texture and flavor. These trends have expanded the understanding of consumers and impacted the market dynamics of food manufactures & processing industries across regions. Food producers and processing companies have witnessed significant change in strategies to address evolving consumer landscape in terms of shifts towards healthier lifestyles and changing consumption patterns. Increasing preference for natural formulations with recognizable ingredients have led companies and manufacturers to include the nutrition facts label for various packaged foods; in addition, they have to ensure that the industry processes starting from the sourcing of raw materials to production of end product to have minimal environmental impact.
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Competitive Landscape Recent dietary guidelines drafted by global organizations such as WHO, Dietary Guidelines Advisory Committee (DGAC), and Chinese Nutrition Society have led food producers to cut down on added sugar in food products. Awareness towards health benefits of natural food have led consumers to reduce the intake of processed meat. Worldwide, food's special interest groups actively create awareness on developing healthy eating habits among the masses and reduce their intakes of oil, salt, and sugar content in foods. Various control processes drafted by government agencies and stakeholders on refinement and raw material sourcing have affected the industry dynamics of food refinery. Several guidelines by FDA have reiterated on the safety of GMO food and ingredients; this has led to the trend of acceptance of genetically engineered ingredients in food, especially in developed nations such as the U.S. Growing popularity of online shopping and the impact of social media interactions have impacted the strategic landscape of food & beverage processing organizations and associations, fostering the growth of the oligosaccharides market. Increased access of consumers to food deals, niche offerings and online shopping have dramatically changed the retail landscape in the food & beverage industry. egions.
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