The rising trend of eating and living healthy is helping the global dairy alternatives market to grow at promising rates, predicts Fortune Business Insights in their recent report. The report is titled,” Dairy Alternatives Market Size, Share and Global Trend By Source (Soy, Almond, Coconut, Rice, Oats, Hemp), Formulation (Plain, Flavoured), Application (Milk, Yogurt, Ice creams, Cheese, Creamers), Distribution Channel (Mass Merchandisers, Specialty Stores, Convenience Stores) and Geography Forecast till 2026”.
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According to the study, the nutritional benefits offered by plant-based dairy alternative products is a major factor boosting the market globally. As per analysts at Fortune Business Insights, the soy-based and almond dairy alternatives are the two leading segments, concerning segmentation by source. This is because both soy-bean and almonds provide benefits to the human body in terms of cholesterol level and lipid profiles.
The Asia Pacific to Witness Robust Growth Rates to Increasing Number of Vegans the
Fortune Business Insights predicts the dairy alternative market in the Asia Pacific to exhibit higher growth rates during the forecast duration. This is because of the increasing awareness about the importance of health and benefits of consuming plan-based products. Again the market in the Asia Pacific is expected to continue dominating the global market because of the rise in discretionary expenditure on food products that are plant-based. The rising number of Vegetarians is also increasing in the region and this may cause the market to witness promising growth in the near future.
Market players have taken various initiatives to bring variety in dairy alternative products. The introduction of ingredients such as hemp, coconut, and cashew, besides soy and almond, is anticipated to boost the market globally.
Some of the Main Key Players Covered in the Report
- The Hain Celestial Group
- Daiya Foods Inc.
- Archer Daniels Midland Company
- Sunopta Inc.
- Blue Diamond Growers Inc.
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Market to Gain Exponentially from Increasing Awareness About Consumption of Dairy Alternatives
Various factors are boosting the global dairy alternatives market such as the increasing number of people shifting to veganism and consuming a vegan diet, rising number of lactose intolerant people and those suffering from milk allergies. Additionally, the nutritional benefits derived from plant-based dairy substitutes are also helping the global market gain momentum.
Another major factor driving the market for dairy substitutes is the nutritional fortification and superiority in these alternatives that help to intensify their demand in the near future. Additionally, the relatively matured markets such as yogurt and ice creams also gained traction with the popularity of dairy substitutes available now. This ingredient level innovation derived from plants and plant-based products is anticipated to bring lucrative growth opportunities for the market in the long run.
Furthermore, the increasing popularity of ready-to-eat food products used as snacks such as nutrition bar is also propelling the demand for dairy substitutes in the market. However, the market may face certain challenges in terms of the volatile prices of raw materials used for producing dairy substitutes, and also the limited availability of the same. Again the lack of awareness about the benefits of consumption of dairy alternatives may also hinder the growth of the market during the forecast duration.
Nevertheless, the growing demand from developing nations and an increasing number of vegan population is prognosticated to bring better growth opportunities in the near future. Besides this, the favorable marketing and advertising tactics adopted by various players may also aid to the market expansion in the coming years.
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Global Business Community Issues Urgent Call to Action to G20
– Voice of business outlines critical policy recommendations to reinvigorate global economy
– The virtual B20 Summit was attended by more than 8,000 participants across the globe, with over three million viewers on social media throughout the two-day event
RIYADH, Saudi Arabia, Oct. 28, 2020 /PRNewswire/ — The Business Twenty (B20) Saudi Arabia, the official voice of the private sector to the G20, concluded today the B20 Summit, under the theme ‘Transforming for Inclusive Growth’, bringing together global leaders to issue a call to action to the G20 as countries deal with the impact of the COVID-19 pandemic.
G20 representative and Saudi Minister of Investment, His Excellency Khalid Abdulaziz Al-Falih receives B20 Saudi Arabia’s policy recommendations from Chair Mr. Yousef Al-Benyan
With the aim to reinvigorate the global economy and build the foundation for a more equitable world, the B20 officially delivered at the event its set of 25 policy recommendations to the G20, represented by, on behalf of the Custodian of the Two Holy Mosques King Salman Bin Abulaziz Al Saud, the Saudi Minister of Investment, His Excellency Khalid Abdulaziz Al-Falih.
"This year was like no other in B20 history due to the coronavirus pandemic. However, the priorities we identified before the outbreak, including trade and finance, digitalization, labor, climate and compliance, are every bit as important today," said Yousef Al-Benyan, Chair, B20 Saudi Arabia. "The crisis reinforced the importance of solving these issues through inclusive policymaking while underscoring the need for a coordinated international effort that supports the most vulnerable including MSMEs and women, and the Sustainable Development Goals. I urge the G20 Leaders to adopt these critical policy recommendations to advance an inclusive and sustainable agenda that creates a legacy for 2020 and beyond."
The G20 representative on behalf of the Custodian of the Two Holy Mosques King Salman Bin Abulaziz Al Saud, the Saudi Minister of Investment, His Excellency Khalid Abdulaziz Al-Falih, said: "I would like to congratulate the leadership of the B20 and its members, especially for your proactive recommendations in light of the expectations of a second wave of the pandemic and the attention you have paid in the most pressing issues in the global economy."
Over the course of two days, leaders from business, government and multilateral institutions addressed a host of issues including free trade, adoption of sustainable practices and the creation of opportunities for women in business to build a more prosperous future. B20 Summit speakers included HRH Princess Reema Al Saud, Saudi Arabia Ambassador to the U.S; Kristalina Georgieva, Managing Director, International Monetary Fund (IMF); Gordon Brown, former UK Prime Minister; Patrick Pouyanné, CEO, Total; Amin Nasser, President and CEO, Saudi Aramco; Carly Fiorina, Chairman, Carly Fiorina Enterprises; Ajay Banga, President & CEO, Mastercard; and Bill Winters, CEO, Standard Chartered Bank, amongst other prominent business leaders from G20 countries.
The topics covered in the discussions and speakers on day 1 were as follows:
- Keynote: Transforming for Inclusive Growth in the New Paradigm with Dr. Werner Hoyer, President, European Investment Bank
- Panel 1: B20 at Ten, a Decade of Impact with Richard Goyder, Former B20 Australia Chair; Daniel Funes de Rioja, Former B20 Argentina Chair; Alexander Shokhin, Former B20 Russia Chair; Yousef Abdullah Al-Benyan, B20 Saudi Arabia Chair; Teaser: Marcus Wallenberg, Vice Chairman, Institute of International Finance
- Panel 2: Redesigning Multilateralism for a New Era with Sri Mulyani Indrawati, Minister of Finance, Indonesia; Dr. Mukhisa Kituyi, Secretary-General, Conference on Trade and Development; Roberto Azevedo, Former Director General, World Trade Organization; Kristalina Georgieva, Managing Director, International Monetary Fund; Teaser: Gordon Brown, United Nations Special Envoy for Global Education and former Prime Minister of the United Kingdom
On day 2, the agenda and speakers were as follows:
- Keynote: Repurposing Business through Stakeholder Capitalism with G20 India Sherpa Suresh Prabhu
- Panel 1: Reinvigorating the Battle to Save the Planet with Amin Nasser, President & CEO, Saudi Aramco; Patrick Pouyanné, CEO, Total; Emma Marcegaglia, Former CEO, ENI, Co-chair, Women in Business Action Council; Teaser: Adam Sieminski, President, King Abdullah Petroleum Studies and Research Centre
- Panel 2: Building Resilient Trade Systems for Inclusive Growth with Shinta Kamdani, CEO, Sintesa Group; Ajay Banga, President & CEO, Mastercard; Mark Tucker, Group Chairman, HSBC Holdings; Teaser: Chad Bown, Reginald Jones Senior Fellow, Peterson Institute for International Economics
- Panel 3: Humanizing Technological Transformation with Cedrik Neike, Member of the Managing Board and CEO Digital Industries, Siemens AG; Diane Wang, Founder & CEO, DHgate; Cecilia Bonefeld-Dahl, Director-General, DIGITALEUROPE; Teaser: Robert D. Atkinson, President, Information Technology and Innovation Foundation
- Panel 4: Advancing the Economy by Leveling the Playing Field with HRH Princess Reema Al Saud, Saudi Arabia Ambassador to the U.S.; Carly Fiorina, Chairman, Carly Fiorina Enterprises; Bill Winters, CEO, Standard Chartered Bank; Teaser: Gabriela Ramos, Assistant Director-General, Social and Human Sciences, UNESCO
With the completion of the B20 Summit, the group will continue to advocate for its bold, action-oriented policy recommendations ahead of the G20 Leaders’ Summit in November, and plan for the official handover to the next host country, Italy.
The Business Twenty (B20) is the official G20 dialogue with the business community. As the voice of the private sector to the G20, it represents the global business community across all G20 members and all economic sectors. Formed in 2010, it is the first engagement group of the G20.
The B20 supports the G20 through specific policy recommendations, the consolidated representation of business interests and economic expertise. It also fosters dialogue between the public and private sector.
Artprice looks at five “positive anomalies” on the Art Market in 2020
PARIS, Oct. 28, 2020 /PRNewswire/ — Thanks to online sales, the major auction houses have found a way to continue to operate and countervail the Covid-19 health crisis. Lockdown forced them to activate the sudden and complete dematerialization of their most prestigious sales and their corresponding catalogs. This development – one that has been a long time coming in the art market – has allowed the bulk of secondary market fine art transactions to go ahead ‘as normal’, which in turn has substantially contributed to bolstering the confidence sellers need to consider consigning their works, and, a number of several quite remarkable performances have already been recorded.
thierry Ehrmann, President and Founder of Artprice: "Our econometrics department has identified five types of sales which illustrate the resilience of the art auction market. Each of these ‘positive anomalies’ must be placed in context in order to understand the indefatigable interest of buyers for these works and these artists in such difficult times".
Contact Artprice’s Econometrics Department for all your questions relating to our statistics and our personalized studies: [email protected]
Record turnover figures…
Banksy’s market is showing extraordinary resilience in the face of the crisis: his works have already generated a record annual auction turnover totalling $42.8 million so far this year. Six of his 10 best-ever auction results have been hammered in the past 10 months; and some 550 other works have changed hands in auction rooms around the world.
With the successful sale of his masterpiece Complements (2004-2007), Brice Marden has also posted a record performance at auction despite the health crisis. At 82, he is one of the top 10 most successful living artists by auction turnover.
The sudden infatuation of collectors (that began in 2019) for the work of 43-year-old American painter Eddie Martinez has continued unabated this year with 53 works already sold at auction, including five at over half a million dollars. Demand for his work has clearly been resistant to the health crisis in the USA and to the political and economic crises that have come in its wake.
The strongest price rise…
The name of Matthew Wong burst onto the international art scene on 30 June 2020 when Sotheby’s chose to start its first major New York session of the year, 100% online, with a canvas by this relatively little-known Canadian artist.
Matthew Wong’s career began in Asia in 2014, a few months after graduating from the Hong Kong School of Creative Media. His notoriety culminated in 2019 with a solo show at Massimo de Carlo in Hong Kong (January – March 2019) and then at the Karma gallery in New York (November 2019 – January 2020). Unfortunately the artist committed suicide a few weeks before his American exhibition.
The Realm of Appearance (2018) – an oil on canvas estimated by Sotheby’s at $60,000 – $80,000 – fetched a stunning result of $1,820,000 on 30 June 2020. This remarkable record was confirmed on 7 October when Christie’s sold Matthew Wong’s Shangri-La (2017) for $4,470,000.
The most constant gain (% wise)…
Acquired at Sotheby’s in New York in 2011 for $10,000, Yayoi Kusama’s acrylic on canvas Season Cherry (1978) resold on 16 July 2020 for $106,250 (in the same auction room). The initial investment therefore generated +30% per year on average, over nine years…
The sharp rise in value of this painting perfectly illustrates the evolution of Yayoi Kusama’s prices. According to Artprice auction market data, $100 invested in January 2011 in paintings by the Japanese artist is worth an average of $926 today. Note that the value of Yayoi Kusama’s paintings has grown faster than that of the rest of her work over the past decade.
The rarest work…
Works by the Florentine painter Paolo Uccello are extremely rare at auction. But one of the best works still in private hands was nevertheless consigned this summer after spending 62 years in the same family.
Sotheby’s included the piece in the ultra-prestigious sale Rembrandt to Richter on 28 July 2020 in London. Made in the fifteenth century in Tuscany, the painting was placed between a work on paper by Jean-Michel Basquiat and acrylic on muslin by Keith Haring, both dated from the early 1980s.
The three million dollars fetched by Uccello’s Battle on the Banks of a River far exceeded the expectations of the owner, who had decided to part with this masterpiece at a particularly delicate moment on the art market.
The fastest flip…
In the space of one year, Genieve Figgis’s painting Ladies in the Grass (2015) has been auctioned twice. Acquired for $18,750 in July 2019 at Christie’s in New York, the work was sold for $242,000 on 11 July 2020 at Christie’s in Hong Kong.
French gallery owner Almine Rech discovered Genieve Figgis through Richard Prince, who says he spotted her on Twitter. This new form of Bad Painting, supported by two of the biggest players in the Art Market, has found equal success in Hong Kong, London and New York. The three major capitals of the Contemporary Art Market are in direct competition for paintings by the Irish painter and rapidly escalating her prices.
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Artmarket and its Artprice department was founded in 1997 by its CEO, thierry Ehrmann. Artmarket and its Artprice department is controlled by Groupe Serveur, created in 1987.
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Artmarket is a global player in the Art Market with, among other structures, its Artprice department, world leader in the accumulation, management and exploitation of historical and current art market information in databanks containing over 30 million indices and auction results, covering more than 740,000 artists.
Artprice Images® allows unlimited access to the largest Art Market image bank in the world: no less than 180 million digital images of photographs or engraved reproductions of artworks from 1700 to the present day, commented by our art historians.
Artmarket with its Artprice department accumulates data on a permanent basis from 6300 Auction Houses and produces key Art Market information for the main press and media agencies (7,200 publications). Its 4.5 million ‘members log in’ users have access to ads posted by other members, a network that today represents the leading Global Standardized Marketplace® to buy and sell artworks at a fixed or bid price (auctions regulated by paragraphs 2 and 3 of Article L 321.3 of France’s Commercial Code).
Artmarket with its Artprice department, has been awarded the State label "Innovative Company" by the Public Investment Bank (BPI) (for the second time in November 2018 for a new period of 3 years) which is supporting the company in its project to consolidate its position as a global player in the market art.
Artprice by Artmarket’s 2019 Global Art Market Report published in February 2020 :
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Contact Artmarket.com and its Artprice department – Contact: [email protected], thierry Ehrmann
New Third-Party Chemical Distribution Market Research Highlights Recovery Path for Businesses From COVID-19 | Technavio
The new third-party chemical distribution market research from Technavio indicates Negative and Inferior growth in the short term as the business impact of COVID-19 spreads.
“One of the primary growth drivers for this market is the growing focus on chemical distribution, says a senior analyst for Industrials at Technavio. The rising demand for third-party chemical distribution from economies in MEA and APAC is one of the critical factors driving the market growth. The continuously developing chemical industry in these regions has induced channel partners to distribute chemicals to a broader target audience. Furthermore, increasing investments in the chemical industry are also leading to the demand for third-party distribution. One of the major companies, Saudi Aramco, has already partnered with Sabic to build the oil-to-chemical complex with an investment of USD 20 billion. Such partnerships in the chemical industry will have a significant influence on the growth of the third-party chemical distribution market, which will grow during the forecast period. As the markets recover Technavio expects the third-party chemical distribution market size to grow by USD 96.72 billion during the period 2020-2024.
Get a detailed Insights Highlights on COVID-19 pandemic Crisis and Recovery analysis of third-party chemical distribution market. Download free report sample
Third-Party Chemical Distribution Segment Highlights for 2020
- The third-party chemical distribution market is expected to post a year-over-year growth rate of 5.90%.
- The increased demand for commodity chemicals across several end-user industrial applications, including synthetic rubbers, fertilizers, pesticides, and others, will influence the growth of the market.
- Market growth in this segment will be slower than the growth of the market in the specialty chemicals segment.
- 48% of the growth will originate from the APAC region.
- APAC had the largest third-party chemical distribution market share in 2019, and the region will offer several growth opportunities to market vendors during the forecast period.
- The continuously developing chemical industry has led channel partners to distribute chemicals to a broader target audience, which will significantly influence third-party chemical distribution market growth in this region.
- China is one of the key markets for third-party chemical distribution in APAC.
- Market growth in this region will be faster than the growth of the market in other regions.
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- The third-party chemical distribution market size is expected to accelerate at a CAGR of over 6% during the forecast period.
- The third-party chemical distribution market is segmented by type (commodity chemicals and specialty chemicals) and geography (APAC, Europe, MEA, North America, and South America).
- The market is fragmented due to the presence of many established vendors holding significant market share.
- The research report offers information on several market vendors, including Azelis group, Biesterfeld AG, Brenntag AG, HELM AG, IMCD NV, Omya International AG, Sinochem Hong Kong (Group) Co. Ltd., Stockmeier Holding GmbH, Tricon Energy Inc., and Univar Inc.
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