Fructose Market Size Worth $5.68 Billion By 2025 | Growth Rate: 4.6%: Grand View Research, Inc.

SAN FRANCISCO, May 30, 2017 /PRNewswire/ —

The global fructose market is expected to reach USD 5.68 billion by 2025, according to a new report by Grand View Research, Inc. The growing consumption of low-calorie foods and beverages owing to the rising awareness regarding the adverse effects of sugar is expected to boost market demand.

     (Logo: http://photos.prnewswire.com/prnh/20160524/371361LOGO )

Fructose is majorly used in the production of nutrition bars, soft moist cookies, pourable frozen juice concentrates and energy-reduced products. It is commercially available in syrup and crystalline forms. High fructose corn syrup, which is the major product segment in the market, is expected to experience reduced demand on account of growing concerns regarding obesity.

The high demand in North America can be attributed to low-calorie product category witnessing rapid growth. Asia Pacific is anticipated to grow rapidly on account of increasing sales of products in the health and wellness category. The rising health consciousness in the region is expected to further boost the demand for fructose over the forecast period.

Browse full research report with TOC on Fructose Market Analysis By Product (High Fructose Corn Syrup, Fructose Syrups, Fructose Solids), By Application (Beverages, Processed Foods, Dairy Products, Confectionary, Bakery & Cereals), And Segment Forecasts, 2014 – 2025 at: http://www.grandviewresearch.com/industry-analysis/global-fructose-market

Further key findings from the report suggest: 

  • Fructose syrups is the fastest growing product segment and expected to register a CAGR of 4.7% from 2017 to 2025 due to increased demand from the beverage manufacturing industry
  • Fructose solids product segment is projected to grow at a CAGR of 4.5% from 2017 to 2025 due to increased demand for crystalline fructose in niche applications
  • Dairy products application segment is projected to grow at a CAGR of 5.2% from 2017 to 2025 on account of technological innovation and the launch of new products in the category
  • Asia Pacific accounted for 27% of the global market share in 2016 owing to rapid expansion by food ingredient manufacturers in the region
  • The market value of fructose in the Central & South America region is expected to grow to USD 716.0 million in 2025, backed by the growing consumption in Brazil, Chile and Argentina
  • Manufacturers are moving away from ingredient production and developing customized products for people suffering from diseases caused due to the excessive consumption of sugar
  • In October 2016, DuPont launched affordable sugar solutions for fruit drinks in South Asia on account of growing demand for fruit based beverages. 

Browse related reports by Grand View Research: 

Grand View Research has segmented the global fructose market on the basis of product, application, and region:  

  • Fructose Product Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025) 
    • High Fructose Corn Syrup
    • Fructose Syrups
    • Fructose Solids
  • Fructose Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025) 
    • Beverages
    • Processed Foods
    • Dairy Products
    • Confectionary
    • Bakery & Cereals
    • Others
  • Fructose Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025) 
    • North America
      • U.S.
    • Europe
      • Germany
      • UK
    • Asia Pacific
      • China
      • India
    • Central & South America
      • Brazil
    • Middle East & Africa

Read Our Blog: http://www.grandviewresearch.com/blogs/food-and-beverages

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact: 
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: +1-415-349-0058
Toll Free: +1-888-202-9519
Email: sales@grandviewresearch.com

Web: http://www.grandviewresearch.com

Chinese Infant Milk Powder Won Three Successive Gold Awards in “Monde Selection”

VALLETTA, Malta, May 30, 2017 /PRNewswire/ — People.cn recently launched a report on Feihe awarded the 2017 “Monde Selection” champion. The full report is as follow:

The 2017 award ceremony for “Monde Selection” is held on May 29 in Valletta, the capital of Malta. The high-end infant milk powder “AstroBaby” subordinated to Feihe has been re-elected for the gold award for the third time.

The product has obtained the “International High Quality Trophy” at the same time which is only awarded to the one having obtained the gold award for three successive years, that is, the product quality has reached the high standard for continuous three years.

Feihe, established in 1962, is one of the earliest milk powder manufacturing enterprises in China. For the past 55 years, Feihe has always focused on the development of milk powder specific to Chinese people’s habitus, carried out a lot of researches on Chinese babies’ habitus features and demands, and led the industry to create multiple technologies, formulas and processes to improve the milk powder’s adaptation to Chinese babies’ habitus.

In addition that the domestic infant milk powder has obtained big prize, the excellent Chinese dairy industry brands have been fast-rising relying on the quality and some other Chinese dairy companies have also won awards this time at the “Monde Selection”.

The “Monde Selection” was jointly established in 1961 by the European Community and the Ministry of Economy & Trade of Belgium. It is one of the quality assessment organizations with the longest history at present.

China New Borun Announces First Quarter 2017 Unaudited Financial Results

Company Beats First Quarter Revenue Guidance1Q17 Gross Margin Expanded by 540 Basis Points Year-Over-Year1Q17 Net Income Increased by 77.9% Year-Over-Year

BEIJING, May 29, 2017 /PRNewswire/ — China New Borun Corporation (NYSE: BORN; “Borun” or the “Company”), a leading producer and distributor of corn-based edible alcohol in China, today announced its unaudited financial results for the first quarter ended March 31, 2017. 

Mr. Jinmiao Wang, Chairman and Chief Executive Officer of Borun, commented on the results, “We are pleased with our first quarter’s significant accomplishments, as revenue of RMB515.9 million ($74.8 million) comfortably exceeded the high end of our previous revenue guidance while gross margin and net income expanded to a five-year high of 17.6% and RMB44.9 million ($6.5 million), respectively.

Benefiting from factory maintenance and upgrade that were proactively conducted in the fourth quarter of 2016, we achieved excellent utilization during the first quarter. Importantly, driven by solid demand from a healthy baijiu industry, the average selling price of edible alcohol decreased modestly by 1.1% sequentially, while our cost of corn improved at a better rate during the quarter, fueling our strong gross margin expansion.

By the end of first quarter of 2017, we completed our annual corn pre-purchase plan of 600,000 tons, as we anticipate corn prices will gradually increase during the non-harvest season. This May, corn price has risen by over 10% compared to the corn price level during the first quarter. We believe as corn prices increase in this non-harvest season, we are well-positioned to benefit from our corn sourcing advantage,” Mr. Wang concluded.

First Quarter 2017 Quick View

  • Total revenue increased 6.0% to RMB515.9 million ($74.8 million[1]) from RMB486.6 million in the first quarter of 2016.
  • Gross profit increased 52.4% to RMB90.7 million ($13.1 million) from RMB59.5 million in the first quarter of 2016.
  • Net income increased 77.9% to RMB44.9 million ($6.5 million) from RMB25.3 million in the first quarter of 2016.
  • Basic and diluted earnings per American Depositary Share (“ADS”) were RMB1.75 ($0.25) for the quarter ended March 31, 2017. Each ADS represents one of the Company’s ordinary shares.

First Quarter 2017 Financial Performance

For the first quarter of 2017, revenue increased by 6.0% year-over-year to RMB515.9 million ($74.8 million) from RMB486.6 million in the same period of 2016. The increase in revenue was mainly attributable to higher sales volume of edible alcohol and its by-products.

Revenue breakdown by product lines is as follows:  

  • Revenue from edible alcohol increased by 3.2% to RMB355.9 million ($51.6 million) in the first quarter of 2017, compared to RMB344.8 million in the first quarter of 2016. The sales volume of edible alcohol in the first quarter of 2017 increased by 20.9% year-over-year to 89,128 tons, while the average selling price of edible alcohol decreased by 14.6% year-over-year to RMB3,994 per ton.
  • Revenue from DDGS Feed increased by 40.1% to RMB123.8 million ($17.9 million) in the first quarter of 2017, compared to RMB88.4 million in the first quarter of 2016. The sales volume of DDGS Feed in the first quarter of 2017 increased by 36.9% year-over-year to 77,146 tons, and the average selling price increased by 2.3% year-over-year to RMB1,605 per ton.
  • Revenue from liquid carbon dioxide increased by 61.7% to RMB5.5 million ($0.8 million) in the first quarter of 2017, compared to RMB3.4 million in the first quarter of 2016. The sales volume of liquid carbon dioxide in the first quarter of 2017 increased by 32.8% year-over-year to 30,604 tons, and the average selling price increased by 21.8% year-over-year to RMB181 per ton.
  • Revenue from crude corn oil decreased by 44.3% to RMB16.0 million ($2.3 million) in the first quarter of 2017, compared to RMB28.7 million in the first quarter of 2016. The sharp decrease in revenue was mainly due to the suspension of production of the crude corn oil at the Daqing facility during the first quarter, as the Company is currently in the process of renewing the facility’s production authorization. Revenue from crude corn oil in the first quarter of 2017 only represented the sales made by the Shandong facility. The sales volume of crude corn oil in the first quarter of 2017 decreased by 42.7% year-over-year to 2,536 tons, and the average selling price decreased by 2.8% year-over-year to RMB6,300 per ton.
  • Revenue from CPE decreased by 31.3% to RMB14.6 million ($2.1 million) in the first quarter of 2017, compared to RMB21.3 million in the first quarter of 2016. The sales volume of CPE in the first quarter of 2017 decreased by 22.2% year over year to 1,944 tons, and the average selling price decreased by 11.6% to RMB7,515 per ton. The sharp decrease in sales volume of CPE was mainly due to the temporary shutdown for maintenance and upgrades in February, and the production line was back into production in March 2017.

During the first quarter of 2017, gross profit increased by 52.4% to RMB90.7 million ($13.1 million) from RMB59.5 million in the same period of 2016. Gross margin for the first quarter of 2017 increased to 17.6%, from 12.2% in the same period of 2016, which was primarily attributable to the steeper decrease in average corn cost, compare with selling price of edible alcohol.

Operating income increased by 64.2% to RMB76.2 million ($11.0 million) in the first quarter of 2017, from RMB46.4 million in the same period of 2016, primarily attributable to higher gross profit earned.

Selling expenses decreased by RMB0.2 million, or 15.4% to RMB0.9 million ($0.1 million) in the first quarter of 2017, from RMB1.1 million in the same period of 2016.

General and administrative expenses increased by RMB1.6 million, or 13.3% to RMB13.6 million ($2.0 million) in the first quarter of 2017, from RMB12.0 million in the same period of 2016.

Income tax expenses in the first quarter of 2017 were RMB15.0 million ($2.2 million), representing an effective tax rate of 25.0%.

Net income increased by 77.9% to RMB44.9 million ($6.5 million) in the first quarter of 2017, compared to RMB25.3 million in the same quarter of 2016. In the first quarter of 2017, basic and diluted earnings per share and per ADS were RMB1.75 ($0.25), and the Company had 25.7 million weighted average basic and diluted shares outstanding. 

As of March 31, 2017, cash and bank deposits of RMB956.7 million ($138.7 million) increased by RMB161.4 million, compared with RMB795.3 million as of December 31, 2016. Cash flows generated from operating activities for the first quarter of 2017 amounted to RMB23.9 million ($3.5 million), compared with RMB138.2 million in the first quarter of 2016. The decrease in cash from generated from operations was mainly because the Company pre-purchased more corn during the quarter, which should be sufficient to meet the Company’s production needs during the non-harvest season in 2017.

Financial Outlook

Reflecting the solid demand for edible alcohol and its by-products, the Company anticipates strong sales volume and high capacity utilization. However, as the price of edible alcohol and its by-products will likely decrease on a year-over-year basis due to lower corn cost. The Company estimates that its revenue for the second quarter of 2017 will be in the range of RMB535 million ($77.5 million) to RMB560 million ($81.2 million), an increase of approximately 0.9% to an increase of approximately 5.6% over the same quarter of 2016.

This guidance is based on the current market conditions and reflects the Company’s current and preliminary estimates of market and operating conditions and customer demand, which are all subject to change.

Conference Call

Borun’s management will hold a corresponding earnings conference call and live webcast at 8:00 a.m. E.T. on Tuesday, May 30, 2017 (8:00 p.m. Beijing time on Tuesday, May 30, 2017) to discuss the results and highlights from the first quarter 2017 and answer questions from investors. A webcast of the call will be available at http://ir.chinanewborun.com. Listeners may access the call by dialing:

United States Toll Free:   

1-866-519-4004

US Toll/International:    

1-845-675-0437

Hong Kong Toll Free:   

800-906-601

Hong Kong Toll:   

852-3018-6771

China Toll Free:    

800-819-0121

China Toll Free (Mobile): 

400-620-8038

Conference ID:   

21993671

A replay of the webcast will be accessible through June 7, 2017 on http://ir.chinanewborun.com or by dialing:

United States toll free:    

1-855-452-5696

International:  

61-2-8199-0299

Passcode    

21993671

About China New Borun Corporation

China New Borun Corporation (NYSE: BORN) is a leading producer and distributor of corn-based edible alcohol sold as an ingredient to producers of baijiu, a popular grain-based alcoholic beverage in China. The Company also produces DDGS Feed, liquid carbon dioxide and crude corn oil as by-products of edible alcohol production, and CPE that is widely used in chemical industries. China New Borun is based in Shouguang, Shandong Province. Additional information about the company can be found at http://www.chinanewborun.com and in documents filed with the U.S. Securities and Exchange Commission, which are available on the SEC’s website at http://www.sec.gov.

Forward-looking Statements

All statements included in this press release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our industry, management’s beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as “anticipates,” “expects,” “intends,” “plans,” “predicts,” “believes,” “seeks,” “estimates,” “may,” “will,” “should,” “would,” “could,” “potential,” “continue,” “ongoing,” similar expressions, and variations or negatives of these words. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement.

 


Contact Information

Asia Bridge Capital Limited

Wendy Sun

Phone:

+86-10-8556-9033 (China)

+1-888-870-0798  (U.S.)

Email: 

wendy.sun@asiabridgegroup.com

 

 CHINA NEW BORUN CORPORATION

UNAUDITED CONSOLIDATED BALANCE SHEETS

 

December 31, 2016

 

March 31,
2017

RMB

RMB

US$

Assets

Cash

795,329,065

956,698,426

138,666,013

Trade accounts receivable, net of allowance for doubtful accounts of RMB nil and RMB nil (US$ nil), as of December 31, 2016 and March 31, 2017, respectively

415,621,572

370,477,024

53,697,770

Inventories

602,628,839

925,943,059

134,208,262

Advance to suppliers

245,977,475

274,264

39,752

Other receivables

81,055,814

129,867,143

18,823,235

Prepaid expenses

3,325,225

2,121,422

307,484

Total current assets

2,143,937,990

2,385,381,338

345,742,516

Property, plant and equipment, net

876,240,529

848,241,813

122,946,069

Land use right, net

130,460,205

129,752,061

18,806,554

Total assets

3,150,638,724

3,363,375,212

487,495,139

Liabilities and shareholders’ equity

Trade accounts payable

23,643,261

29,203,612

4,232,837

Accrued expenses and other payables

47,614,155

52,625,658

7,627,681

Income taxes payable

12,242,364

25,115,562

3,640,306

Short-term borrowings

905,170,000

1,049,170,000

152,069,050

Total current liabilities

988,669,780

1,156,114,832

167,569,874

Bonds payable

Outstanding principal amount of RMB300,000,000, bearing fixed annual interest rate of 6.5%, with maturity on November 2, 2021 (less unamortized debt issuance costs based on imputed interest rate of 6.75% of RMB6,830,549 and RMB6,470,779 ($937,889) as of December 31, 2016 and March 31, 2017, respectively)

293,169,451

293,529,221

42,544,783

Total liabilities

1,281,839,231

1,449,644,053

210,114,657

Shareholders’ equity

Ordinary share –  par value of RMB0.0068259, 25,725,000 shares authorized, issued and outstanding as of December 31, 2016 and March 31, 2017, respectively

175,596

175,596

25,725

Additional paid-in capital

468,132,187

468,132,187

67,852,128

Retained earnings – appropriated

153,533,656

153,533,656

22,253,512

Retained earnings – unappropriated

1,247,519,969

1,292,444,624

187,329,820

Accumulated other comprehensive loss

(561,915)

(554,904)

(80,703)

Total shareholders’ equity

1,868,799,493

1,913,731,159

277,380,482

Total liabilities and shareholders’ equity

3,150,638,724

3,363,375,212

487,495,139

 

CHINA NEW BORUN CORPORATION

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME

 

For the threemonth period ended,

March 31,

 2016

December 31,

2016

March 31,
2017

RMB

RMB

    RMB

US$

Revenues

486,582,235

513,471,966

515,909,331

74,777,054

Cost of goods sold

427,070,211

467,502,403

425,204,202

61,630,050

Gross profit

59,512,024

45,969,563

90,705,129

13,147,004

Operating expenses:

Selling

1,084,968

907,214

918,341

133,106

General and administrative

12,033,658

14,996,132

13,631,619

1,975,797

Total operating expenses

13,118,626

15,903,346

14,549,960

2,108,903

Operating income

46,393,398

30,066,217

76,155,169

11,038,101

Other (income) expenses:

Interest income

(1,994,062)

(919,059)

(755,127)

(109,450)

Interest expense

14,738,258

14,256,960

17,044,745

2,470,504

Others, net

(19,273)

(4,009,834)

(33,989)

(4,926)

Total other expense, net

12,724,923

9,328,067

16,255,629

2,356,128

Income before income taxes

33,668,475

20,738,150

59,899,540

8,681,973

Income tax expense

8,417,118

5,184,537

14,974,885

2,170,493

Net income

25,251,357

15,553,613

44,924,655

6,511,480

Earnings per share:

Basic and diluted

0.98

0.60

1.75

0.25

Weighted average ordinary shares outstanding:

Basic and diluted

25,725,000

25,725,000

25,725,000

25,725,000

 

1 This press release contains translations of certain Renminbi amounts into US dollars at specified rates solely for the convenience of readers. Unless otherwise noted, all translations from Renminbi to US dollars for the period ended March 31, 2017 were made at a rate of RMB6.8993 to USD1.00, the rate published by the People’s Bank of China on March 31, 2017. China New Borun Corporation makes no representation that the Renminbi or US dollar amounts referred to in this press release could have been or could be converted into US dollars or Renminbi, at any particular rate or at all.

SOURCE China New Borun Corporation

DoorDash Launches Door To Door Restaurant Delivery In Calgary

SAN FRANCISCO, May 29, 2017 /PRNewswire/ — DoorDash — the technology company connecting customers with the best local businesses through door-to-door delivery — today announced its launch in Calgary, AB, Canada. This announcement marks DoorDash’s expansion into its 39th major metropolitan market across more than 350 cities in the U.S. and Canada.

Today’s expansion into Calgary is DoorDash’s third market in Canada, which follows the success of the company’s Vancouver and Toronto launches in 2016 and 2015 respectively. Door-to-door delivery is now available across numerous Calgary neighborhoods from Silver Springs to Deer Ridge, and from Aspen Woods to Inglewood.

Calgary residents can order in from hundreds of their favourite restaurants, with a vast selection of cuisine types available on the platform. Delivery through DoorDash is available from 10am until 11pm daily from many Calgarian favourites, including:

“Creative Restaurants is excited to partner with DoorDash as they bring their innovative service to Calgary. We’re looking forward to offering our loyal customers a new and convenient way to enjoy our restaurants, as well as give new customers an easy and delightful way to try them for the first time. Look for Cibo, Bonterra Trattoria, Posto Pizzeria & Bar, Scopa Neighbourhood Italian and Mill Street Brewpub now available for delivery through DoorDash,” said Megan Sereda, Marketing Director at Creative Restaurants.

“DoorDash’s launch in Calgary marks our continued investment in Canada and we’re incredibly happy to offer the convenience of delivery to both customers and restaurants alike,” said Tony Xu, CEO and co-founder of DoorDash

At launch, delivery fees will range from $0.99 to $3.99. To celebrate the launch, customers can order in a free pint of gelato from Fiasco Gelato via DoorDash on Wednesday, June 21st from 2-5 pm, while supplies last. Plus, new DoorDash customers can enjoy $10 off an order of $20 or more with promo code “DASHYYC”.

To search DoorDash for local favourites or to discover your next go-to, visit doordash.com or download DoorDash for Android or iOS.

About DoorDash
DoorDash is a technology company that connects customers with their favorite local and national businesses in more than 350 cities across the United States and Canada. Founded in the summer of 2013, DoorDash empowers merchants to grow their businesses by offering on-demand delivery, data-driven insights, and better in-store efficiency, providing delightful experiences from door to door. By building the last mile delivery infrastructure for local cities, DoorDash is bringing communities closer, one doorstep at a time. Read more on the DoorDash blog or at www.doordash.com.

 

SOURCE DoorDash

DoorDash Launches Door To Door Restaurant Delivery In Calgary

SAN FRANCISCO, May 29, 2017 /PRNewswire/ — DoorDash — the technology company connecting customers with the best local businesses through door-to-door delivery — today announced its launch in Calgary, AB, Canada. This announcement marks DoorDash’s expansion into its 39th major metropolitan market across more than 350 cities in the U.S. and Canada.

Today’s expansion into Calgary is DoorDash’s third market in Canada, which follows the success of the company’s Vancouver and Toronto launches in 2016 and 2015 respectively. Door-to-door delivery is now available across numerous Calgary neighborhoods from Silver Springs to Deer Ridge, and from Aspen Woods to Inglewood.

Calgary residents can order in from hundreds of their favourite restaurants, with a vast selection of cuisine types available on the platform. Delivery through DoorDash is available from 10am until 11pm daily from many Calgarian favourites, including:

“Creative Restaurants is excited to partner with DoorDash as they bring their innovative service to Calgary. We’re looking forward to offering our loyal customers a new and convenient way to enjoy our restaurants, as well as give new customers an easy and delightful way to try them for the first time. Look for Cibo, Bonterra Trattoria, Posto Pizzeria & Bar, Scopa Neighbourhood Italian and Mill Street Brewpub now available for delivery through DoorDash,” said Megan Sereda, Marketing Director at Creative Restaurants.

“DoorDash’s launch in Calgary marks our continued investment in Canada and we’re incredibly happy to offer the convenience of delivery to both customers and restaurants alike,” said Tony Xu, CEO and co-founder of DoorDash

At launch, delivery fees will range from $0.99 to $3.99. To celebrate the launch, customers can order in a free pint of gelato from Fiasco Gelato via DoorDash on Wednesday, June 21st from 2-5 pm, while supplies last. Plus, new DoorDash customers can enjoy $10 off an order of $20 or more with promo code “DASHYYC”.

To search DoorDash for local favourites or to discover your next go-to, visit doordash.com or download DoorDash for Android or iOS.

About DoorDash
DoorDash is a technology company that connects customers with their favorite local and national businesses in more than 350 cities across the United States and Canada. Founded in the summer of 2013, DoorDash empowers merchants to grow their businesses by offering on-demand delivery, data-driven insights, and better in-store efficiency, providing delightful experiences from door to door. By building the last mile delivery infrastructure for local cities, DoorDash is bringing communities closer, one doorstep at a time. Read more on the DoorDash blog or at www.doordash.com.

 

SOURCE DoorDash

Insoluble Dietary Fibers Market Worth 2.66 Billion USD by 2022

PUNE, India, May 29, 2017 /PRNewswire/ —

The report Insoluble Dietary Fibers Market by Type (Cellulose, Hemicellulose, Chitin & Chitosan, Lignin, Fiber/Bran, and Resistant Starch), Source (Cereals & Grains, Legumes, and Fruits & Vegetables), Application, and Region – Global Forecast to 2022″, published by MarketsandMarkets™, the Insoluble Dietary Fibers Market is projected to reach a value of USD 2.66 Billion by 2022, at a CAGR of 9.2% from 2017. The market is driven by factors such as increase in demand for functional foods and initiatives undertaken by the government and regulatory bodies to increase consumer awareness related to food & beverages supplements.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 69 market data tables and 32 figures spread through 136 pages and in-depth TOC on “Insoluble Dietary Fibers Market – Global Forecast to 2022”

http://www.marketsandmarkets.com/Market-Reports/insoluble-dietary-fiber-market-174505495.html

Early buyers will receive 10% customization on this report. 

The fiber/bran, as a source of insoluble dietary fibers, is projected to be the fastest-growing segment between 2017 and 2022 

There is an extensive use of fiber/bran in the bakery and confectionery industry for the fortification of bakery products with insoluble dietary fibers, so as to increase the nutritional value of the food items such as breads, tortillas, pastas, nutritional bars, and weight management supplements. Cellulose, as a type of insoluble dietary fibers, accounted for the largest market share for 2016. The key manufacturers in the Insoluble Dietary Fibers Market offer cellulose for different industrial applications such as food, feed, and pharmaceuticals.

Make an Inquiry: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=174505495

The cereals & grains segment accounted for the largest share in the Insoluble Dietary Fibers Market in 2016 

On the basis of source, the cereals & grains segment accounted for the largest share in the Insoluble Dietary Fibers Market in 2016. This is because, the availability of cereals and grains as raw materials for producing dietary fibers is higher as compared to other sources such as fruits and seeds, and the yield of insoluble dietary fibers from grains & cereals such as wheat, rice, oat bran, and corn is high.

Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=174505495

North America dominated the Insoluble Dietary Fibers Market in 2016 

The North American region was the largest market for Insoluble Dietary Fibers Market in 2016. This can be attributed to the increase in demand for various dietary fiber fortified products in the U.S. and Canada. The consumer awareness related to dietary supplement consumption in this region is very high, and can be attributed as a reason for its largest market share in this market.

The Insoluble Dietary Fibers Market report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes profiles of leading companies such as Cargill (U.S.), Roquette Frères (France), E. I. du Pont de Nemours and Company (U.S.), Ingredion Incorporated (U.S.), SunOpta, Inc. (Canada), Interfiber (Poland), Solvaira Specialties (U.S.), Unipektin Ingredients AG (Switzerland), AdvoCare International, L.P. (U.S.), J. Rettenmaier & Söhne GmbH Co. KG (Germany), Grain Processing Corporation (U.S.), and Barndad Nutrition (U.S.).

Browse related reports: 

Dietary Fibers Market by Source (Cereals & Grains, Fruits & Vegetables & Others), Type (Soluble & Insoluble ), Application (Functional Food & Beverages, Animal Feed, Pet Food & Pharmaceuticals), and by Region – Global Trends & Forecast to 2020
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Feihe wins gold award at Monde Selection 2017 for third consecutive year, setting a new record among Chinese dairy product manufacturers

VALLETTA, Republic of Malta, May 29, 2017 /PRNewswire/ — Monde Selection held the 2017 annual award ceremony in Valletta, Malta on May 29, 2017. Feihe, a leading Chinese dairy products maker, won the gold award for their premium infant formula milk powder AstroBaby for the third consecutive year.

At the same time, the infant formula milk powder also garnered the International High Quality Trophy, a distinction that is only awarded to products that have won the gold award for three successive years. The successive wins are a testament to the product’s consistent high quality.

Feihe was established in 1962 and is one of China’s longest standing milk powder makers. For the past 55 years, Feihe has steadfastly focused on the development of milk powder that is fully aligned with Chinese traditions and habits when it comes to the feeding of one’s baby. The firm has undertaken several studies in that vein, the results of which have led the industry to adopt certain technologies, formulas and processes that have facilitated the availability of milk powder that is fully adapted to the needs of Chinese babies.

Feihe’s string of awards at the Monde Selection adds further evidence to the already proven strength of the Chinese dairy brand. Several other Chinese dairy product manufacturers who had been inspired by Feihe also won awards at the event, serving as a testament to the Chinese dairy industry’s ability to develop world-class products. Chinese milk powder products have been highly recognized across the world, including in the countries that are home to the powerhouses of the food industry. Monde Selection president Patrick de Halleux said, “The jury reviewed and evaluated all aspects of the entries, including the hygienic conditions under which the milk powder was produced as well as the flavor and the ingredients in accordance with requirements of the EU Food Law, with a special focus on the law’s basic requirements for the products. The honors won at Monde Selection 2017 illustrate the rapid growth of Chinese dairy brands, led by Feihe. Their products are well on their way to becoming the preferred choice among Chinese mothers.

The Monde Selection, known as the “Nobel Prize of food”, was jointly established in 1961 by the European Community and the Ministry of Economy & Trade of Belgium, and it is one of the quality assessment organizations with the longest history at present.

SOURCE Feihe International

Strauss Group Announces Yet Another Strong Quarter With 10.8% Top Line Growth and Net Profits Up by 8.1% [1]

PETACH TIKVA, Israel, May 29, 2017 /PRNewswire/ — 

The stellar results were driven by continued strong performance at Strauss Israel and Strauss Coffee and improvement in the results of Strauss Water; The Group focused on the active optimization of its portfolio during the quarter

Gadi Lesin, President and CEO of Strauss Group (TASE: STRS) (May 29, 2017): “Strauss-Group continues to actively manage its portfolio in order to optimize performance; during the past few months we have completed the acquisition of the full ownership of Strauss Coffee and Strauss Water, the sale of the Max Brenner chain to the local franchisee and have expanded our investment in China by exercising our option to acquire an additional 15% stake in the Haier Strauss Water Joint Venture ; these strategic moves were carried out along with the continued improvement of the group’s financial results. Strauss Israel delivered an especially strong quarter, and our core businesses in coffee and water have continued to post consistent growth. We continue to implement our strategy and believe that it will deliver value to our shareholders, employees, partners and, of course, to our consumers all over the world.”

Q1 2017 highlights(1)

  • Organic sales growth, excluding foreign exchange effects, was c7.4%. Shekel sales were NIS c2.1 billion compared to NIS 1.9 billion in the corresponding period in 2016; sales were impacted by a positive currency translation amounting to NIS c51 million as a result of the continued strengthening of the BRL against the NIS compared to last year.
  • Gross profit was NIS c780 million (c37.4% of sales), up c7.4% compared to the corresponding period last year. Gross margins were down c1.2%.
  • Operating profit (EBIT) was NIS c223 million (c10.7% of sales), up c5.0% compared to the corresponding period last year. EBIT margins were down c0.6%.
  • EPS for shareholders of the Company was NIS c1.08, up c8.1% compared to the corresponding period.
  • Negative cash flows from operating activities totaled NIS c86 million, compared to NIS c26 million in 2016.

(1)  Data represent the Company’s non-GAAP figures, which include the proportionate consolidation of jointly controlled businesses (without implementation of IFRS 11) and do not include share-based payment, valuation of the balance of commodity hedging transactions as at end-of-period and other income and expenses, unless stated otherwise.

                                      

 

Non GAAP Figures (1)

First Quarter

2017

2016

Change

Total Group Sales (NIS mm)

2,083

1,880

10.8%

Organic Sales Growth excluding FX

7.4%

Gross Profit (NIS mm)

780

726

7.4%

Gross Margins (%)

37.4%

38.6%

 -120 bps

EBITDA (NIS mm)

278

269

3.5%

EBITDA Margins (%)

13.4%

14.3%

 -90 bps

EBIT (NIS mm)

223

213

5.0%

EBIT Margins (%)

10.7%

11.3%

 -60 bps

Net Income Attributable to the Company’s Shareholders (NIS mm)

116

107

8.1%

Net Income Margin Attributable to the Company’s Shareholders (%)

5.5%

5.7%

 -20 bps

EPS (NIS)

1.08

1.00

26.4%

Operating Cash Flow (NIS mm)

-86

-26

331.8%

Capex (NIS mm) (2)

-61

-56

8.9%

Net debt (NIS mm)

2,689

1,748

53.9%

Net debt / annual EBITDA

2.7x

1.9x

0.8x

 

(1)    Data represent the Company’s non-GAAP figures, which include the proportionate consolidation of jointly controlled businesses (without implementation of IFRS 11) and do not include share-based payment, valuation of the balance of commodity hedging transactions as at end-of-period and other income and expenses, unless stated otherwise.

(1)    Investments include the acquisition of fixed assets and investment in intangibles and deferred expenses.

Note: Financial data were rounded to NIS millions. Percentages changes were calculated on the basis of the exact figures in NIS thousands.

 

Non GAAP Figures (1)

First Quarter

Sales (NIS mm)

Sales Growth vs. Last Year

Organic Sales Growth excluding FX

EBIT (NIS mm)

NIS Change in EBIT

% Change in EBIT

EBIT margins

Change in EBIT margins vs. 2016

Sales and EBIT by Operating Segments and Activities

Strauss Israel:

Health & Wellness

486

2.6%

2.6%

53

2

4.4%

10.9%

+20 bps

Fun & Indulgence (2)

332

10.0%

10.0%

52

5

10.8%

15.8%

+10 bps

Total Strauss Israel

818

5.5%

5.5%

105

7

7.5%

12.9%

+20 bps

Strauss Coffee:

Coffee Israel

212

9.1%

9.1%

40

5

13.6%

18.9%

+80 bps

International Coffee (2)

749

28.0%

14.4%

51

6

15.2%

6.8%

 -80 bps

Total Strauss Coffee

961

23.3%

13.2%

91

11

14.5%

9.5%

 -70 bps

International Dips & Spreads:

Sabra (50%) (2)

144

-17.7%

-13.6%

19

-11

-38.3%

13.0%

 -440 bps

Obela (50%) (2)

16

54.2%

22.4%

-2

1

NM

NM

NM

Total International Dips & Spreads

160

-13.7%

-11.0%

17

-10

-39.9%

10.2%

 -440 bps

Other (2)

144

3.3%

5.7%

10

2

30.6%

7.1%

+150 bps

Total Group

2,083

10.8%

7.4%

223

10

5.0%

10.7%

 -60 bps

 

(1)    Data represent the Company’s non-GAAP figures, which include the proportionate consolidation of jointly controlled businesses (without implementation of IFRS 11) and do not include share-based payment, valuation of the balance of commodity hedging transactions as at end-of-period and other income and expenses, unless stated otherwise.

 

(2)    Fun & Indulgence figures include Strauss’s 50% share in the salty snacks business. International Coffee figures include Strauss’s 50% share in the Três Corações joint venture (3C) – Brazil – a company jointly held by the Group (50%) and by the local São Miguel Group (50%). International D&S figures reflect Strauss’s 50% share in Sabra and Obela. Other Operations figures include Strauss’s 34% share in the joint venture in China, Haier Strauss Water (HSW).

 

Note: Financial data were rounded to NIS millions. Percentages changes were calculated on the basis of the exact figures in NIS thousands. Total figures for International Dips & Spreads were calculated on the basis of the exact figures for Sabra and Obela in NIS thousands.

Appendix

 

Condensed financial accounting (GAAP)

First Quarter

2017

2016

Change

Sales

1,408

1,321

6.6%

Cost of sales excluding impact of valuation of balance of commodity hedging transactions

831

793

5.0%

Valuation of balance of commodity hedging transactions as at end of period

9

-6

Cost of sales

840

787

6.8%

Gross profit

568

534

6.3%

% of sales

40.3%

40.4%

Selling and marketing expenses

318

292

8.9%

General and administrative expenses

93

87

6.6%

Total expenses

411

379

Share of profit of equity-accounted investees

44

51

-12.2%

Operating profit before other expenses

201

206

-2.1%

% of sales

14.3%

15.6%

Other expenses, net

7

-2

Operating profit after other expenses

208

204

2.4%

Financing expenses, net

-29

-30

-1.8%

Income before taxes on income

179

174

3.1%

Taxes on income

-30

-42

-28.5%

Effective tax rate

16.7%

24.1%

Income for the period

149

132

13.2%

Attributable to the Company’s shareholders

107

104

3.4%

Attributable to non-controlling interests

42

28

48.9%

 

Investor Conference Calls

Strauss Group will host an Investor Conference call in Hebrew on Monday, May 29, 2017 at 14:00 (Israel time) to review the Financial Statements of the Company for the first quarter.

To participate please dial: 03-918-0685

Strauss Group will also host an Investor Conference call in English on Monday, May 29, 2017 at 17:30 local Israel time (15:30 UK, 10:30 Eastern time) to review the Financial Statements of the Company for the first quarter.

 To participate in the live call please dial one of the following numbers:

 From the UK: 0-800-051-8913

 From the US: 1-888-281-1167

 From Israel: 03-918-0610

The Financial Statements and Investors Presentation are posted on the Group’s Investor Relations website at:

http://ir.strauss-group.com/phoenix.zhtml?c=92539&p=irol-irhome

 


For further information please contact:
Daniella Finn
Director of Investor Relations
Strauss Group Ltd.
972-54-577-2195
972-3-675-2545
Daniella.Finn@Strauss-Group.com

Osnat Golan
VP Communications & Digital, Spokesperson
Strauss Group Ltd.
972-52-828-8111
972-3-675-2281
Osnat.Golan@Strauss-Group.com

Or
Gil Messing
External Communications Director
Strauss Group Ltd.
972-54-252-5272
Gil.Messing@Strauss-Group.com

SOURCE Strauss Group

BJP Government Bans Slaughter of Cattle Across the Country

BANGALORE, May 29, 2017 /PRNewswire/ —

According to the new rule, the sale of slaughter of cattle – including bulls, bullocks, cows, buffaloes, steers, heifers, calves, as well as camels — has been banned across the country. 

     (Photo: http://mma.prnewswire.com/media/516872/Cow_Slaughter_Live_Tamil.jpg )

     (Logo: http://photos.prnewswire.com/prnh/20160817/398863LOGO )

In a controversial move that is set to have far-reaching effects, the Ministry of Environment and Forests has announced a nationwide ban on the sale of cattle for slaughter, under the Prevention of Cruelty to Animals Act.

This would mean that the bovine animals will only be sold to agriculturalists, who will have to provide authentic documents in order to buy them. These agriculturalists also have to submit a written declaration to the Animal Market Committee that they will not resell the animals for the purpose of slaughter.

There are certainly benefits to this move. A study in the United States has suggested that cutting down on beef and replacing it with beans would be hugely beneficial for the environment, as it would reduce carbon footprint.

However, a move as drastic as this could have a significant impact. The country has seen a large number of attacks by the so-called ‘gau rakshaks’ in recent times, with the Dadri lynching of 2015 being the most prominent. The Government’s latest announcement is set to anger many, including minorities and meat traders. India being the largest exporter of beef in the world.

Kerala Chief Minister Pinarayi Vijayan is himself understandably against the new rule, and has vowed to go to the court to contest the decision, arguing that citizens should have the right to decide what they will and will not eat.

In a scathing indictment, he opined that consumption of beef should not be based on religion. He also suggested that the centre should focus more on preventing attacks on those who transport cattle rather than banning the slaughter of cattle.

This means that ordinary people’s eating habits as well as livelihood are going to be affected, mainly those of minorities such as Muslims and dalits, as beef is such an integral part of their lives. 

Resource: Online Tamil News

Reference: Kannada Live News

About Liveday.in: 

Liveday.in aims to provide the public of Tamil Nadu with accurate and up-to-date news in the field of cinema, sports, and politics and so on. Its reception has been so welcoming that Liveday.in has been able to reach more than 6,00,000 readers a day.

The mission of Liveday.in is to make the user interface of their website more viewer friendly and more effective and it hopes to attract 10,00,000 readers a day.

The vision of Liveday.in is to cover many big cities, as it plans to develop their website in many other Indian vernacular languages after Tamil, like-Kannada, Telugu, Malayalam and Hindi. Liveday is taking necessary steps by organizing many ventures to make their presence felt not just in Tamil Nadu but also globally as the number one portal in the E-news market.

With a plethora of online news portals and more people hooked on to their smartphones and tablets, Liveday.in has made a noticeable mark as one of the best online Tamil news portals. It has also been featured in various news aggregators such as W3 newspaper and Google news. And with that success it hopes to carry on and expand to other languages and be a pioneer in the E-news scene.

Follow Liveday.in on:

Official Facebook page: https://www.facebook.com/liveday.tamilnadu/
Official Pinterest page: https://in.pinterest.com/livedaysubmissi/
Official Twitter page: https://twitter.com/LiveDayTN

Media Contact: 
Venkata
venkat@liveday.in
+91-8041232750
Media Publisher
Liveday

Ankur Capital Powers First ThinkAg2030 to Foster Collective Thinking on Future of Agriculture in India

HYDERABAD, India, May 29, 2017 /PRNewswire/ —

Back in the seventies, India came back from the brink of starvation to achieve self-sufficiency in grain production and everyone hailed the green revolution. It has been a short-lived exuberation, as it is now increasingly apparent that it was merely a battle India had won, not the war. With rapidly increasing population, marginal growth rates, continuing dependence on monsoon, changing land-use mix and diminishing returns from additional use of fertilizers, India is facing another challenge sooner than later.

Between now and 2030 the planet’s population is likely to rise to 8.5 billion, from 7.3 billion now. Those people will not only need to eat, they will want to eat better than people do now, because by then most are likely to have middling incomes, and many will be well off. Food and Agriculture Organisation, the United Nations’ agency suggested that by 2030 agricultural production will have to rise by 45% to meet projected demand. 

How are we going to do this? Technology is one solution, but technology is really just a small part of the solution we’re looking for. The real future of farming isn’t growing plants or animals; it’s growing businesses.

In the past few years, there has been an explosion of startup activity and telecom boom that has revolutionised the way Indians travel, consume and communicate. What is still waiting for this revolution is the way we produce. While there are individual advancements happening across the country and indeed the world, there is no unifying platform to bring together all of these in the same conversation.

ThinkAg2030 (powered by Ankur Capital) was launched as a forum to explore frontiers of technology and its ground-breaking impact on Indian agriculture. Innovators, experts, Agri CEOs, entrepreneurs have a platform to brainstorm on future cutting-edge agribusiness opportunities. The idea is to foster innovation and accelerate growth in the AgTech startup ecosystem in India.

ThinkAg2030 was kicked off with a launch event in Hyderabad on 26th May, 2017. Stakeholders from eminent financial and research institutions as well as scores of young AgTech entrepreneurs came together for an evening of stimulating examination of what lies ahead for Indian agriculture.   

The subject of discussion was ‘Leapfrogging Indian agriculture with disruptive tech’. 

Speaking at the event, Mr. Ram Kaundinya (Former MD, Advanta Seeds) dispelled the notion that Indian farmers are averse to technology use. He said, “Technophobe farmer was a myth; if you treat the farmer as a customer and demonstrate value, he will be more than happy to adopt new technology.”

New technologies that are emerging not only help the farmer get better forecast and higher yield, but also help other agri-stakeholders in their contribution and decision making.

Remote sensing and satellite imaging contributing to agriculture is not stuff of science fiction any more. Companies like CropIn Technologies are using these to address the information asymmetries that plague Indian agriculture and enabling financial institutions to get more confidence in their decision making to extend loans and insurance to farmers.  

Mr. Kaundinya further commented, “Better data points will ensure better crop insurance models.” Mr. PVN Rao, Deputy Director at NRSC agreed, “There is work happening in this domain. Information is going to flow much more easily into agriculture in the near future. Awareness that a farmer has today will be the pull for new technologies.” 

Future can bring other challenges as Mr. Sriram Gopal, CEO of Future Farms, a cutting-edge hydroponics company, pointed out, “50 years ago, we were eating foods that are not being consumed now; 50 years from now our food palate will be significantly different. Farmers and farming techniques need to constantly evolve to keep up. This presents a huge opportunity for new agribusinesses” 

Mr. Laxminarayana, MD AG Bio Systems, concurred with this, “Technology manifesting as product innovation can also solve some big problems for the Indian farmer.”

In line with the forward-looking nature of the discussion, ThinkAg2030 also featured AgTANK, where curated budding AgTech startups presented their business model to an expert jury panel. The jury comprised of experts with diverse viewpoints – an agri-scientist like NAARM’s Dr. Srinivas to an agri-industry voice like Mr. Subbarao Appemane from Mahyco to investors and startup ecosystem players like Yes Bank’s Mr. Gopinath Koneti, Springforth Investment’s Mr Pradeep Dhobale and TIE Hyderabad’s Ms Sreedevi Devireddy.  

AgTANK indeed provided a brilliant opportunity for budding AgTech entrepreneurs to find mentors and foster investor interest. Four interesting AgTech startups – Bharat Rohan, Keansa, Kheti Next and FarmGate – were put to test by the esteemed jury who asked incisive questions and gave forthright feedback to make these start-ups’ business models more robust and rewarding.

Moderating the panel, Dr. Ritu Verma, Managing Partner, Ankur Capital summed up the discussion as new technology in agriculture was not an option, as we have no choice but to address critical issues for the next green revolution.  

ThinkAg2030 is powered by Ankur Capital.

About Ankur Capital 

Ankur Capital is an early stage venture capital fund that invests in opportunities created by rising aspirations and digital access for the next billion Indians. One of Ankur Capital’s focus area is technologies and product innovations in agriculture. Ankur Capital has invested in 5 agribusinesses – Cropin (predictive AgTech), BigHaat (e-commerce for agri inputs) Suma Agro (Soil nutrition), Tessol (eutectic based cold storage) and Health Sutra (ready to eat/cook millet based products). Ankur is the leading early stage investor in agri and with ThinkAg2030 leads the dialogue for the next Ag revolution. Visit http://www.ankurcapital.com.

Media Contact:
Megha Singh
Megha@ankurgro.com
+91-9769131506
Ankur Capital