According to the latest report of Valuates Reports, by 2026, the global natural sweetener market is expected to grow from USD 22.49 billion in 2020 to USD 27.94 billion, with a compound annual growth rate of 3.7%.
Since 2018, the market for high-intensity sweeteners has begun to grow, with a year-on-year growth of 12% in 2019. Although people are worried about the metallic odor and slightly bitter aftertaste brought by high-intensity sweeteners, high-intensity sweeteners are used in all major food categories, such as nutrition, baking, beverages, and candies.
In 2019, the global caffeine market was valued at US$14.88 billion according to the Caffeine Market report published by global market intelligence company Coherent Market Insight.
Carrageenan is one of the most important edible gel applies in food business for years. The global carrageenan market size is expanding rapidly at a CAGR of 5.9% in the past 2020 and that was the number we see under the impact of COVID-19 epidemic. It will grow to a billion-dollar business in 2027 by estimation at USD 1.17 billion. Kappa Carrageenan finds its wide application in diary and food business for its characteristic fatty mouth feel which gives varieties low fat or skim dairy products a whole flavor. Thus, Kappa Carrageenan is an inseparable ingredient in dairy and other foods especially in industrial production era.
The west port area of Yantian port, which has been suspended for more than a month since May 21, was unsealed and began operations by boat yesterday. The main port area of Yantian Port is expected to be fully restored from tomorrow, June 24, and the berthing of ships will gradually be normalized! At that time, the density of Yantian International Container Terminal may decrease further and the efficiency will rise steadily.
Because of the nCov in Guangdong province in China, Yantian Port, the core port of Guangdong province, the operation efficiency of the port was slower. Port congested, and the containers shortage appeared with a variety of problems immediately, at present, Maersk company has suspended all ships operating in the western regions of Yantian Port, recovery time prior notice.
Foodchem will participate in the FIC 2021 exhibition from June 8th to 10th, booth number 12H01, welcome to visit.
The traditional season of shipping is coming, but congestion at the ports of the USA has not eased, and now the Port of Oakland is overtaking LA/Long Beach as the center of congestion.
Foodchem’s market information seminar is coming. Our senior sales manager Bliss and Laura are sharing you with the lastest information of price change and the reasons. Just click on the video and you will get this!