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DUBLIN, Oct. 23, 2020 /PRNewswire/ — The “Kids` Food and Beverages – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Amid the COVID-19 crisis, the global market for Kids` Food and Beverages estimated at US$104.2 Billion in the year 2020, is projected to reach a revised size of US$147.1 Billion by 2027, growing at a CAGR of 5% over the period 2020-2027.
The U.S. Market is Estimated at $28.2 Billion, While China is Forecast to Grow at 7.7% CAGR
The Kids` Food and Beverages market in the U.S. is estimated at US$28.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$30.3 Billion by the year 2027 trailing a CAGR of 7.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.
The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Kids’ Food and Beverages – A Prelude
Recent Market Activity
Developed Markets to Remain Strong
Developing Countries to Drive Market Growth
India & China: Potential Untapped Markets
Innovation/Product Launches is the Name of the Game in the Crowded Marketplace
Global Competitor Market Shares
Kids’ Food and Beverages Competitor Market Share Scenario Worldwide (in %): 2020 & 2029
Kids’ Food and Beverages Market Exhibits Significant Growth
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
Atkins Nutritionals, Inc. (USA)
Britvic Plc. (UK)
Brothers International Food Corp. (USA)
Campbell Soup Company (USA)
Clif Bar & Co. (USA)
Conagra Brands, Inc. (Formerly ConAgra Foods, Inc.) (USA)
Elevation Brands, LLC (USA)
General Mills, Inc. (USA)
GlaxoSmithkline Plc (UK)
GlaxoSmithKline Consumer Healthcare Ltd. (India)
Kellogg Company (USA)
The Kraft Heinz Company (USA)
Lifeway Foods, Inc. (USA)
Mondelez International, Inc. (USA)
McKee Foods Corporation (USA)
Nestle S.A. (Switzerland)
PepsiCo, Inc. (USA)
Quaker Oats Company (USA)
Tipco Foods Public Company Limited (Thailand)
Vitaco Health NZ Ltd (New Zealand)
Healtheries (New Zealand)
Want Want China Holdings Ltd. (China)
Yum Yum Chips (Canada)
3. MARKET TRENDS & DRIVERS
Favorable Demographic and Economic Trends Strengthens Market Prospects
Shrinking Family Size Leads to Higher Discretionary Spending
Growing Awareness of Well Balanced Diet on a Global Scale
Growing Preference for Healthy, Organic & All Natural Foods: Reinvigorating Market Growth
Healthy Bakery Products Gain Prominence
Parents Demand Performance Boosting Products
Pester Power of Children Significantly Impacts Parents’ Purchasing Decisions
RTEC for Children Gain Favorable Nutritional Profile, Bodes Well for Market Penetration
Governmental Efforts towards Better Nutrition: MyPlate and Change4Life Campaigns
Breakfast Food Manufacturers Target Children
Consumers Inclined towards Healthy Snacking
Difference in Snacking Patterns in Kids across the World
Product Appearance & Packaging Is Key
Building Consumer Confidence through Scientific Evidence
Advertising: A Major Prerequisite
Manufacturers Rope in Popular Television Characters for Product Endorsements
Marketing Strategies for Children’s Food and Beverages
Middle Class Population in Emerging Markets: Opportunities Galore
Rising Women Workforce: A Significant Growth Driver
Urbanization: A Megatrend Fueling Demand for RTEC in Emerging Economies
Commercially Prepared Kids’ Foods: A Boon for Working Parents
Portion-Controlled Meal Solutions
Vitamin-enriched Products: Boosting Market Growth
‘Feel Good’ Factor will Drive Future Growth
Consumer Focus on Functional Ingredients
Market Trends by Sector
Health Drinks are Making Biggest Gains
Functional Beverages for Children Register Significant Growth
Fruits & Vegetables
Obesity – An Alarming Health Issue
Obesity Statistics – A Glance
Fighting Obesity with Fibers
Instant Noodles – A Favorite Food Among Kids
Rice Noodles Emerge as a Healthy Alternative to Other Instant Noodles
Health Attributes of Probiotics for Children Boosts Demand
Online Sales Expand Growth
4. GLOBAL MARKET PERSPECTIVE
Kids` Food and Beverages Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
Kids` Food and Beverages Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
Kids` Food and Beverages Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
Total Companies Profiled: 71
For more information about this report visit https://www.researchandmarkets.com/r/aj7guk
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Research and Markets
Laura Wood, Senior Manager
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Global Business Daily: UK/Japan trade deal, Huawei growth defies 5G opposition
“Today is a landmark moment for Britain. It shows what we can do as an independent trading nation.”
That was Liz Truss, the UK’s international trade minister, after she met with Japan’s foreign minister Motegi Toshimitsu in Tokyo to sign what is being lauded as the UK’s first major trade deal since officially leaving the European Union in January.
Having originally been held up by discussions over how much blue cheese Japan would import, the deal is done and intriguingly includes a Japanese commitment to support the UK’s entrance to the Trans-Pacific Partnership… a regional free trade organization. A more cynical onlooker than myself might accuse the idea of being a bit ironic, seeing as the UK has just left the EU and its… free trade area.
Elsewhere, today has brought good news for Huawei, with the Chinese telecoms firm revealing its latest financial statement and confirming it has continued to grow despite global challenges surrounding 5G operations.
And Mercedes Benz sales in China have led to similar good news for German car group Daimler. It has now amended upward its end-of-year profit expectations to be in line with 2019.
In today’s interview we speak to the CEO of UK Hospitality, Kate Nicholls, about the new pandemic funding for those working in the sector. And for a different view of that sector across Europe, our graphic today shows which customers are reviving the European hotel market. It’s not the usual holidaymakers.
Digital business correspondent
Huawei, the leading Chinese telecoms network and smartphone producer, grossed $100 billion in revenue in the January-September period, up 9.9 percent year-on-year, according to its latest release. The figure was down from 24.4 percent growth over the same period last year. The net profit margin for the nine months was 8 percent
The UK’s National Audit Office said fraudsters may have stolen nearly $4 billion, with criminals claiming for fake companies making up the majority of that amount. However the office also warned that more than a billion dollars may have been claimed by employers that did not actually need pandemic payment protection funds.
The UK has signed a trade agreement with Japan in what is being lauded as the first “major” post-Brexit deal. The deal was loosely agreed in September, but the details – such as removing tariffs from Japanese cars imported to the UK – have now been formally settled.
U.S. fashion retailer Gap is considering closing its European stores and distribution center after posting a loss of $41 million for the three months to August. “We will look at transferring elements of the business to interested third parties,” Gap’s head of global operations, Mark Breitbard, said.
Intel Corp reported its margins tumbled in the latest quarter as consumers bought cheaper laptops and pandemic-stricken businesses and governments clamped down on data center spending. Intel, the dominant provider of processor chips for PCs and data centers, has struggled with manufacturing delays, despite booming chip sales, but customers want lower-priced chips rather than Intel’s pricier and high-performance products.
Plans to allow self-driving cars on UK motorways by 2021 have had the brakes applied by insurers, after researchers commissioned by the Association of British Insurers labeled plans “hugely wrong.” Adding: “It simply isn’t safe enough and its introduction will put UK motorists’ lives at risk.”
The European Parliament has ruled that vegetarian and vegan “alternative” products are allowed to use names like “veggie burger” and “vegan sausages,” after lawmakers rejected farmers’ argument that the terms would confuse customers. However, dairy-associated words such as yoghurt and cheese will not be allowed to describe non-dairy alternatives like soy “milk”.
French car maker Renault said its sales have recovered from the pandemic-induced slump in the first half of the year, and new CEO Luca de Meo said the company expected to return to positive cashflow by the end of 2020. The company reported a huge surge of 157 percent in sales of its electric “Zoe” model in Europe helped the recovery.
Another car maker to release an updated profit expectation is German firm Daimler, which owns Mercedes Benz and other brands. It said a record 24 percent jump in demand in China for Mercedes cars prompted the re-evaluation, which places end-of-year profits at the same level as 2019, rather than the prior forecast of a drop. The firm said Chinese families were spending money on luxury goods at home instead of taking holidays in Europe, due to travel restrictions.
Low-cost airlines Ryanair, easyJet, Vueling and Blue Panorama have all been forced to offer refunds to passengers booked on flights that were then cancelled due to the pandemic. The airlines have made the decision after an investigation was started by the Italian state antitrust regulator, which said the choice to request a voucher instead of a refund should be left entirely to the consumer. The investigation continues.
Finally, as Brexit rumbles on and negotiators prepare for the final stretch, the regional government in Flanders in Belgium has discovered a 17th century document which they believe could be the key to finding a deal for its fishing fleet. In 1666, Britain’s King Charles II gave 50 Flemish boats access to British waters for the rest of time. Flanders’ finance minister Hilde Crevits said: “We will use that [document] if necessary.”
WATCH: Heard about the restaurant that crossed a border? A melting glacier means the Rifugio Guide del Cervino has slipped from Italy into Switzerland. Or has it? Nobody is quite sure.
Kate Nicholls is CEO of UK Hospitality, the trade group that represents bars, restaurants and cafes in the country. She spoke to CGTN Europe to give the industry’s reaction to the new pandemic support set out by the finance minister, Rishi Sunak.
Do you think this new assistance goes far enough?
This is undoubtedly a very helpful lifeline. We had about 660,000 job losses lined up in UK hospitality over the course of the rest of the year. Today, that’s put a halt to those job losses in the immediate instance. So we’ll have to wait and see.
The new tiers of restrictions mean restaurants can remain open – but customers can only visit with members of their household. Is that sustainable?
Businesses in Tier Two had a real squeeze on revenues, no help or support, and we’re better off being closed. And actually, what [Sunak] has done is come back and provide a lifeline to give a small amount of subsidy for people in employment and to keep those businesses viable.
Sunak said the government can’t save every job and every business. Do you think is it inevitable that some businesses simply won’t survive?
We’re not going to save all of those businesses. All of those jobs in hospitality and other sectors of the economy. But these are viable businesses. These are viable jobs. And they will come back as soon as these restrictions are lifted. So this is a subsidy and an investment for the future.
Author: Patrick Atack in London
Samsung regains number two position in Indian smartphone market in Q3 2020
India is the world’s second-biggest smartphone market, and it is quite important for Samsung. Although the South Korean firm has been the number one brand globally for years, it has been slipping in the Indian market over the past few years. After losing its second position to Vivo in the previous quarter, Samsung has been able to regain it in Q3 2020.
According to the latest report from market research firm Canalys, Samsung shipped 10.2 million smartphones to India, up from 9.5 million units in Q3 2019. The South Korean firm’s market share was 20.4%, and it trailed behind Xiaomi, which shipped 13.1 million smartphones and grabbed a 26.1% share of the market during the same quarter. Compared to Q2 2020, when the Indian smartphone market took a huge hit due to the COVID-19 lockdown, Samsung has been able to more than triple its shipments.
The South Korean smartphone giant also regained its number two position from Vivo. According to researchers at Canalys, Indian consumers refrained from making high-value purchases during the third quarter and stuck to buying smartphones as they provide connectivity, education, and entertainment for a relatively lower cost compared to other electronics such as computers, laptops, and TVs.
Despite calls for boycotting of Chinese smartphones due to border tensions between Indian and China, Chinese firms accounted for 76% of smartphone shipments in the country. Vivo, Realme, and OPPO, all subsidiaries of parent firm BBK Electronics, shipped 8.8 million, 8.1 million, and 6.7 million devices. Apple shipped just 800,000 units in the country during the third quarter, less than 10% of Samsung’s numbers. Even OnePlus failed to enter the list of top five smartphone brands.
Insider notebook: Why Bengals may not be sellers at trade deadline, Cowboys should pursue Earl Thomas and more
The Cincinnati Bengals haven’t had consecutive top-10 selections in NFL drafts since 2008-2009. They haven’t had consecutive top-5 picks since taking Peter Warrick and Justin Smith with the No. 4 picks in 2000 and 2001, respectively. The franchise is now hurtling toward top-10 picks in consecutive years with its unimpressive 1-4-1 record. The Bengals have no chance of competing in the top-heavy AFC North this season (or 2021, in truth) and should be planning for the future. That means trading off pieces before the Nov. 3 trade deadline and amassing picks and cap space for the coming years.
Instead, all’s quiet on the Cincinnati front.
“I’m hearing a lot of chatter but asking prices seem unreasonable,” one NFC executive told me this week.
Veteran defensive end Carlos Dunlap has regularly spoken out about his frustration with his reduced role in the defense. Defensive tackle Geno Atkins has been mostly relegated to third-down duty. Wide receiver A.J. Green is the third-leading receiver on the team and appeared to mouth “trade me” on the bench recently. Offensive lineman Billy Price could probably use a fresh start elsewhere. And receiver John Ross has had his agent go public this week with a trade request.
And the Bengals may not make any moves before the deadline.
Some of these frustrations can individually be explained away, of course. Dunlap, who has played less than half the defensive snaps in the past two games, feels that, as a Black man, he wants to communicate more as a mental health matter. He repeatedly said he’ll do what head coach Zac Taylor and the Bengals organization feel is best.
A league source told me Atkins’ limited role is due solely to the health of his shoulder. The Bengals don’t wish to put him in obvious run-stopping roles, and there is no indication he’ll be traded away soon.
The Bengals have a world of issues along the offensive line and trading away any warm body used to protect franchise quarterback Joe Burrow wouldn’t be wise. Ross, coming off the best season of a so-far disappointing career for the first-round pick, was a healthy scratch for two games as the team sought more work for Tee Higgins.
And then there’s Green, whose injury history and diminished play make it almost impossible for a team to trade for his prorated franchise tag for the remainder of the season.
But the Bengals should do something, right? Taylor is now 3-18-1 as head coach, and that includes a miserable 1-11-1 mark in games decided by eight points or fewer. Burrow’s the future of the franchise but is getting hit at historic rates behind this offensive line and has completed just two throws 20 or more yards downfield. (Meanwhile, Andrew Whitworth continues to thrive in Los Angeles, as the decision to lowball the left tackle back in 2017 gets worse with each passing season.)
Cincinnati refused to assemble draft picks last year in a hopeless season and wound up with seven picks in seven rounds of the 2020 draft. That was a mistake then, even without the benefit of hindsight. The Bengals once again have just their seven picks in next year’s draft. With a below-average ability to attract free agents to a team housing some of the worst facilities in the league, the Bengals franchise realistically can only hope to build a winner through the draft.
That would mean trading players for future picks now and either claiming players off the waiver wire or bringing in street free agents. But as one GM noted to me, claims have been down this year as teams try to keep their rosters tight to prevent against COVID-19 outbreaks.
“Also, there is so much uncertainty with what the cap will be next year that most teams will be more reluctant to trade for a large cap number next year,” one GM told me.
Maybe we won’t see fireworks across the league at the 4 p.m. deadline in a week and a half. But for the Bengals, where there’s frustration and bad play and hopes for the future, the organization can’t be stagnant.
The Ravens traded a third and conditional fifth-round pick in order to obtain Yannick Ngakoue’s services for their 2020 march back to the Super Bowl.
They don’t have to commit any future cap dollars to the pass rusher, and they retain the right to franchise tag him come March, once they know exactly what the salary cap number is.
It makes a world of sense for a Ravens team that has to construct itself to beat Patrick Mahomes and the Chiefs, and getting a great pass rusher who can affect the quarterback while rushing four and dropping seven into coverage is truly the only way to beat the Chiefs offense.
What doesn’t make sense is why the Vikings are trading Ngakoue now. A league source tells me Baltimore was the aggressor in pursuing Ngakoue and initiated talks. But Minnesota has long known it’d be without Danielle Hunter for most, if not all, of the season, and that was confirmed just as they pressed the button on the trade.
Ngakoue got off the couch and recorded five sacks, seven quarterback hits and two forced fumbles for the Vikings. But GM Rick Spielman swears they aren’t giving up on this season despite now being without their two best pass rushers for the rest of the year.
It’s a curious decision by the organization that, after texting around the league Thursday, I couldn’t find a logical explanation for. The team signed Kirk Cousins to a two-year, $66 million extension in the offseason and then made Dalvin Cook the fifth highest-paid running back in the league. It’s a bad year to already punt on this season, but that’s the only conclusion I can draw.
The Cowboys defense looks lost. The front has no gap integrity and the backend is allowing bombs each week.
Still, as we all know, the Cowboys are still in playoff contention at 2-4 thanks to belonging to the NFC East. They need a playmaker in the secondary, and at this point going out and getting Earl Thomas can’t hurt anything.
This an idea that one agent pitched me and it makes plenty of sense. Dallas’s scoring defense is the worst, by far, in the NFL. They’ve generated a league-low three takeaways, including just one interception. The team barely had a chance when Dak Prescott was healthy, and it’s hard to fathom how they’ll win the division over Philadelphia without the defense growing competent.
Thomas’s contract would certainly be for the remainder of the season and nothing beyond. Why not get to a playoff contender sooner rather than later? Especially one like the Cowboys where he can stand out and make even more plays to 1) refurbish his reputation and 2) make more money on his next contract?
He’s been without a job for nearly two months, so the sidelining has likely humbled him by now. He’d be an instant upgrade to the Dallas defense and could pave the way to a big payday for himself with his hometown team in 2021.
The Washington Football Team coaching staff obviously no longer believes Dwayne Haskins can win them football games. I’m told they’d be open to trading the former first-round pick for any reasonable compensation (read: above a sixth-round pick) but there’s not much appetite on the market for Haskins. As such, there’s not a great need to shop him so that that doesn’t become another story.
Head coach Ron Rivera has sent mixed messages in the media about his plans at quarterback, and that’s caused confusion outside the building. Inside, though, is the realization that Haskins doesn’t offer them the best chance to win football games. That’s not to say there will be a parade for Kyle Allen, but the belief is he’s the better option if and until Alex Smith gets more comfortable.
What’s important in Washington is that Rivera and his staff didn’t keep forcing it with a quarterback they don’t believe in. One of the worst mistakes a staff can make is holding on to a QB too long out of pride. The veteran head coach in his first year in Washington will take his early lumps on this one.
I’ve talked about in this column before but now that it’s back in the news, let’s rehash it: Signing Antonio Brown may not be the best decision when all members of your team have to abide by the social contract of not acting in a reckless manner outside of the team facilities during a pandemic.
The Seahawks organization has dealt with egos before. The locker room and coaching staff are calloused enough to understand what they’re getting with Brown, even if classic NFL hubris dictates they don’t exactly know what all they’re getting with Brown.
Brown’s off-field issues are troubling on their own. He’s serving his suspension from the league for a burglary and battery case, and that’s separate from the civil suit that’s ongoing in Florida related to sexual assault.
Those serious issues aside, Brown has shown regularly in the last year-plus a penchant for reckless behavior. He filmed domestic disputes on Instagram Live. He intimidated an accuser via text message. Though he’s seemingly calmed down on social media lately, he was tweeting nonsense frequently.
Everyone has to take care of each other in this pandemic. Brown is among one of the last people I would think would take care of me if I were his teammate. The Seahawks and Ravens and others can do all the background checks they want (and explain away whatever else they want), but they’ll also have to reckon with having a wild card on the roster.
After Aaron Rodgers got totally confused by the Buccaneers, Russell Wilson has taken a comfortable lead in the MVP race. Here’s how I have the top 10 right now: 1. Russell Wilson; 2. Ryan Tannehill; 3. Patrick Mahomes; 4. Tom Brady; 5. Aaron Rodgers; 6. Derek Carr; 7. Lamar Jackson; 8. Josh Allen; 9. Aaron Donald; 10. Derrick Henry. Deshaun Watson gets an honorable mention by having one of his best seasons despite his team being 1-5.
I got a delivery a couple of weeks ago from Colorado’s Breckenridge Brewery that wound up being a 15-pack of their Broncos Country beer. To be clear, this is not sponsored content and I’m only writing about it because I actually like it!
I’m an IPA drinker, and this hoppy pale ale is like a first cousin. At 5.7% ABV it definitely tastes like a beer, but as a pale ale it’s light enough to drink on a warm day. I think it’d make for a good pool beer or serve you well in these autumn months rather than that terrible pumpkin beer you have in your fridge.
Plus the design is the old Broncos logo from the early Elway years and I’m a sucker for throwbacks.
Another solid week (9-5) for me brings my overall season record to 58-31-1. That .650 winning percentage would get me into just about any postseason there is. But I’m not satisfied with just getting in. I want the No. 1 overall seed. And after a week off from Thursday Night Football, I continue to be winless in that damn window after not picking the Eagles. Let’s get better this week. To the picks!
Who’ll win and cover the spread in Week 7? Pete Prisco, R.J. White and SportsLine’s Kenny White join Will Brinson on the Pick Six Podcast to make their best bets and break down every game; listen below and be sure to subscribe for daily NFL goodness.
Sunday, 1 p.m., FOX
I’m concerned by how bad the Dallas offense looked with a full week to prepare for the Cardinals. It was like Andy Dalton had been sleepwalking through practices all year and never really studied the playbook. If the offense had appeared more competent, I’d pick the Cowboys. But Washington will get its second division win this Sunday.
The pick: Football Team
Sunday, 4:25 p.m., CBS
I chalked up last week’s loss to Denver as the result of a lack of practice. But Cam Newton has to be able to muster more than 12 points for his team. Bill Belichick usually praises his upcoming opponent, but he spoke glowingly of Kyle Shanahan and George Kittle. I think the Niners get a bounce-back win in Foxboro and the Patriot “faithful” wonder what’s going on.
The pick: 49ers
Sunday, 4:05 p.m., FOX
The Raiders have won without Trent Brown this season but going against this Bucs defense is a different ballgame. Todd Bowles could be on his way to winning another assistant coach of the year with the way this D is balling out. If you consider the Bears loss an aberration, the Bucs should win this one by at least a touchdown.
The pick: Buccaneers
Browns over Bengals
Falcons over Lions
Packers over Texans
Saints over Panthers
Bills over Jets
Steelers over Titans
Seahawks over Cardinals
Chiefs over Broncos
Chargers over Jaguars
Rams over Bears
Author: Jonathan Jones