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The accomplishment of any pharmaceutical product is dependent on its patient-friendly drug delivery method which should also be safe, effective and economical for the users. The task for discovering and developing a new and innovative product is a critical process specifically for the unmet medical needs which can treat a disease in a more effect way and providing better safety and tolerance.
VP - RESEARCH AND CONSULTING
Companies are feeling the pressure to reformulate their products by replacing artificial ingredients with the clean label ingredients. But the crux of the clean label movement across the world is that the consumers are becoming more aware and are discriminating among products. “Clean label” trend will continue to grow, and the food and beverage industry will evolve with it.
SENIOR MANAGER – RESEARCH AND CONSULTING
With growing integration of technology such as IOT, AI, cloud computing with medical devices has led to rise in usage of wearable and light weight medical devices such as smart watches, wearable BP monitors. The increasing popularity of wearable medical devices for home care setting and advent of technology has made it easier for healthcare professionals to monitor patients from remote access. The increasing popularity has also attracted insurers for posing as benefits for the consumers. The trend is expected to grow with continuous innovation the will evolve as one of the major revenue generating industry
SENIOR RESEARCH ANALYST – MEDTECH
Migraine treatment market is expected to show lucrative growth over the forecast period owing to the development of novel drugs and increasing prevalence of migraine. In addition, rising awareness about treatment solutions of migraine is accelerating the demand for technologically advanced products. Hence, companies are focusing on development innovative devices such as handheld device single-pulse transcranial magnetic stimulator. Migraine treatment market will continue to grow during the forecast period due to the launch of new drugs & devices and hence evolving healthcare industry.
TEAM LEAD – PHARMA AND IVD
Composites offer many weight and structural advantages over traditional steel and injection moulded automotive parts, as it eventually helps to increase the fuel efficiency of vehicles. In fact, many Asian countries are expanding their composite production base, owing to composite materials are becoming substantially popular in their electronics sector, especially with companies supplying to the automotive sector.
ASSOCIATE MANAGER - SE & AUTOMOTIVES
Healthy snacking trend is on the rise as consumers increasingly seek nutritious, natural and sustainable snack food. As a result, the demand of seeds such as flax, chia, pumpkin and sunflower seeds usage as in ingredient has increased in various products like nutrition bars, breakfast cereals, flavored snack seeds. Consumers are opting for products which have natural colors & flavors, plant based protein or are “free-from” products such as gluten-free or lactose-free. Companies are emphasizing on premiumization through exotic flavors, seasoning and sensory taste by utilizing the natural ingredients to appeal to the international palates
SENIOR RESEARCH ANALYST – FOOD AND BEVERAGES
3D printing in construction offers a significant potential to enhance efficiency in the building sector. With the increasing adoption of building information modeling (BIM) that offers higher accuracy and speedy construction of intricate buildings, the 3D printing construction is set to become a mainstream technology for serial production. Automation will be the key focus for 3D printing construction and the industry is visibly headed for a bright future in smart manufacturing.
TEAM LEAD – CHEMICALS AND MATERIALS
Companies are realizing the importance of using AI technology within pre-possessing and processing sector of food and beverage industry. AI technology which brings the power of analytics helps the company to study the different demand of the consumers and create the curated product for every group of consumer. AI technology when combined with automation & robotics, block-chain, IoT, helps the company to optimized the process, Reduce human interaction, reduce food wastage, improve the quality & safety of the product and increase the packaging efficiency. Thus companies can meet the consumer demand and also increase the profitability by implementing the AI technology along the food supply chain.
ASSOCIATE MANAGER – FOOD AND BEVERAGES
Significant advancements in network infrastructure is instrumental in driving the demand for video conferencing solutions. The increasing demand for distance education programs is further contributing to the popularity of video conferencing tools such as Zoom and Microsoft Teams. With improved focus amongst organizations on employee safety and options to Work from home, the video conferencing solutions will experience greater demand over the forecast period.
ASSOCIATE MANAGER – INFORMATION AND COMMUNICATION TECHNOLOGY
There is definitely a huge challenge in designing miniaturized sensors as it creates heating issues; however, it is becoming one of the favorites among the manufacturing companies. The miniaturization of sensors has offered the manufacturer a huge opportunity to downsize almost any electronic system. These sensors are changing the dynamics of advanced applications such as industrial automation, autonomous vehicle, wearables, and application with compact areas. The rising demand for miniaturized sensor solution is expected to evolve the market in near future.
SENIOR RESEARCH ANALYST – INFORMATION AND COMMUNICATION TECHNOLOGY
Telemedicine, a promising technology set to transform future healthcare practices Telemedicine is emerging as a key tool for healthcare during COVID-19 pandemic that helped in decongesting healthcare facilities. Globally patients are preferring e-referral and e-prescriptions to reduce the risk of getting infected. The increasing adoption of telemedicine has resulted in the development of innovative technologies such as Tele-robots and Tele-ICU platforms. In future these platforms holds the promise to carry out real time remote patient diagnosis and monitoring, and can alert clinicians about worsening disease conditions.
SENIOR RESEARCH ANALYST – MEDTECH
Wearable technologies are reevaluating patient diagnostics, disease management, and preemptive care techniques. In 2021, there is an availability of an interconnected wearable app for almost everything in healthcare industry. And combination of these apps and wearable devices allow users to monitor and share their heath records in real-time and receive faster, more accurate diagnosis. These devices give a constant flow of data to healthcare professionals, who can use such metrics as blood pressure, breathing patterns, and sleep data to better diagnose and treat patients. Moreover, universal wearable technology means patients are enabled to take charge of their own health. User friendly, minimalistic, and unremarkable features encourage them to be more aware of their daily habits. Technological advancement of wearable technology and increasing demand from consumers to take control of their own health has influenced the medical industry, including insurers, providers, and technology companies, to develop more wearable devices such as Fitbits, smartwatches, and wearable monitors.
ASSOCIATE MANAGER - HEALTHCARE
Abrasives are hard materials, generally used in order to finish or shape a work place. The automotive industry is one of the major consumers of abrasives that utilize abrasives products in all stage of the manufacturing of automobiles. The demand for abrasives is expected to grow in various regions particularly in Asia-Pacific as a result of the positive outlook towards automotive sector in countries including Germany, China and India. The outbreak of pandemic covid-19 condition has impacted the entire pattern of consumption and value chains of abrasives market which affecting the short term investment plans of manufacturers as well as distributors. Furthermore, the industry growth is attributed to the rising spending on metal fabrication, machine maintenance and various mechanical operations. The wide range to abrasives types are commercialized in the market, among them coated based abrasive type, is widely used throughout the industry in order to surface cleaning, finishing, and preparation of a range of materials. Moreover, the rising demand for diamond powder and super abrasive grains in order to cut ultra-hard materials such as ceramics, stones, glass, super alloys and titanium is expected to expand the product’s scope in the near future.
SENIOR RESEARCH ANALYST – CHEMICALS AND MATERIALS
The packaging industry has been booming with beneficial profits in key economies including the U.S., Germany, China, and Japan even especially during the harsh pandemic covid-19 conditions. With the latest technology megatrends, the food packaging sector is witnessing the introduction of embedded NFC chips / printed QR codes and smart Labels that can be scanned using a smartphone to provide more information about the product. Such smart technologies have also helped in maintaining a healthy social distancing environment without affecting the population in huge numbers. The latest packaging types are also feasible in the measurement of several parameters such as pH, fermentation, temperature, flavours, and freshness in order to maintain a healthy standard. The packaging products ranging from chocolate wrappers to boxes are available in different forms and sizes . With the ongoing long schedules of lockdown in different countries smart packaging has also come up with a cosmetic appeal too. A brand’s vision and philosophy is determined by the consumers through the packaging used.
SENIOR RESEARCH ANALYST – MATERIALS AND PACKAGING
Recovery in construction industry on a global level post COVID-19 is expected to amplify the demand for coatings. Furthermore, the positive outlook towards automotive production in Asian countries including China and India as a result of supportive government policies aimed to boost production output could with the growing demand for 4-wheelers is expected to expand the market reach for coatings. Over the past few years, the industry participants have been incorporating various steps to achieve sustainability across their value chain. Having said this, the coating manufacturers have been utilizing eco-friendly raw materials and sustainable technologies in their in-house business operations.
ASSOCIATE MANAGER - CHEMICALS AND MATERIALS
Recent trend indicates exponential rise in consumption of vegan products as consumers are making significant lifestyle changes for reasons such as promoting animal welfare, improving health and wellness, and prioritizing environmental sustainability. Responding to this transitional shift in consumer behavior, several food & beverage manufacturers have made substantial investments in launching new vegan products in recent years. Further, the outbreak of COVID-19 pandemic has accentuated the growth of vegan products as prices of animal based meat products skyrocketed during the pandemic. As a result, the food & beverage industry will witness increasing number of players entering the “vegan” space as consumer demand is likely to accelerate over the coming years.
SENIOR RESEARCH ANALYST – FOOD AND BEVERAGES
A growing trend in digestive wellness is making way for probiotic-enhanced meals that promote better absorption of nutrients and bowl moments. These foods prevent the growth of harmful bacteria in the digestive tract and boost healthy bacteria. Probiotics have found their way into yogurt, fruit juices, cultured dairy drinks, dietary supplements, etc. Technological advancements in this field have made it possible to place them in dietary supplements and non-milk based products. Many companies have been able to penetrate the global juice market by integrating probiotics strains into their juices. This year, with the outbreak of the COVID-19 pandemic, taking probiotics has remained important to support people's immunity.
SENIOR RESEARCH ANALYST – FOOD AND BEVERAGES
COVID-19 Impact on Probiotics in Food and Beverages IndustryThe novel coronavirus has affected all industries, including food and beverages, automobile, and pharmaceuticals. This pandemic has led to mass production shutdowns and supply chain disturbances that have affected the economies of nearly every nation in the world. Despite this major hit by pandemic, impact on global probiotic market has been a rapid upward trajectory due to growing demand for healthy foods, increase understanding of health and rising cases of chronic and acute diseases among the individual irrespective of age. In addition, this substantial growth in this market can be attributed to rising health awareness due to improved understanding of health. Moreover, the rising popularity of functional and acceptance of on-the-go and ready-to-drinks probiotics drinks, combined with the growing awareness of health-conscious customers, are anticipated to contribute the growth opportunities for the market in the coming years.In addition, the growing evolution of the food industry and the introduction of different types of food and snacks, such as tastes, shapes, sizes, and nutritional value, are also adding momentum to the market.However, processing problems, side effects such as bloating and allergies due to the presence of amines group in probiotics may pose significant challenges to market growth.IMPACT ON DEMANDProbiotics are a combination of live beneficial bacteria and yeasts that naturally live in your body. It is made up of good bacteria that help keep your body healthy and working well. It interacts with our gut microbiome to reinforce our immune system, increase immune responses and promote specific immune signalling with physiological relevance. Thus in the wake of the recent pandemic, consumption of probiotics can significantly reduce the transmission of coronavirus, thereby boosting the overall immunity in the body. Moreover, probiotics have been shown to decrease the duration of viral infections. Most of the information available regarding the reinforcement of immune health through probiotics consumption has been demonstrated in animal models.For instance,According to a study conducted by the National Institutes of Health, Bethesda, Maryland, USA, intranasal inoculation of L. reuteri or L. plantarum has been shown protective effects against pneumonia virus lethal infection in the mice.Another study from the University of Indonesia, a randomized placebo-controlled trial with L. reuteri ATCC 55730 showed improved workplace healthiness by reducing short term sick-leave caused by respiratory problems in Tetra Pak workers in Sweden.A recent study from the University of California showed that probiotics might be associated with fewer antibiotics use in infants and children in the context of reducing the risk of symptoms of the common coldIn February 2020, China’s National Health Commission and National Administration of Traditional Chinese Medicine recommended using probiotics in patients with severe COVID-19. They stated the role of probiotics in COVID-19- related illnesses.Thus, due to the health effects of probiotics, Manufacturers of probiotics are focusing on the production of probiotics. Moreover, several probiotics manufacturers are reforming their strategies to set on rising consumption and thereby grab the opportunity to enhance focus on health and wellness.For instance,In June 2020, BioGaia, one of the major probiotics manufacturers has launched biogaia.es a new website in Spanish-speaking countries that will further improve awareness related to the use of probiotics in the treatment of COVID immune and thereby well-being of health. Additionally, the company has stated that its probiotics strain L. reuteri DSM 17938 effectively treats the common cold in children.Thus, probiotics have been a critical element for boosting the immune system in the body, which is a crucial factor in batting the COVID-19 disease. Therefore, combining a healthy and balanced diet with prebiotics, probiotics, vitamin supplementation, among others, could help us to reinforce our immune system during the COVID-19 outbreak, which will tend to increase the demand for probiotics in the coming yearsIMPACT ON SUPPLY CHAINFood system disturbances due to COVID-19 are projected to have a negative effect on access to probiotics foods and drinks due to the failure of dairy farmers to export them, resulting in less nutrient-rich food diversity on the market. In addition to growing freight costs, food processors have faced difficulties obtaining raw materials due to limited and costly local transport options. Such logistical breakdowns have led to high stock levels within the producers and made problems for probiotics manufacturers. Moreover, the increase in export restrictions has made it difficult for the importers and manufacturers and has affected the supply chain.For instance,According to an article from the food trade tracker, fifteen countries placed export restrictions on probiotics and fortifiable crops in response to the pandemic.Despite the hurdles, e-commerce and private label saw a sharp rise as the industry braced itself for the second wave of the pandemic and beyond. The pandemic has shifted the consumer shopping interest and forcibly satisfied with online shopping and thus resulting in a massive share from e-commerce websites. The boom in online/e-commerce platforms has significantly affected the market's supply chain as it provides greater flexibility and convenience to the consumer. This also helps maintain a better social distancing compared to traditional store-based retailers or supermarkets. Globally, after the lockdown, Google's search for food delivery services rose by 300 %.At the same time, the manufacturers and companies are also building ties with supermarket and hypermarket brands to ensure that their offline consumers also get the same offering or discounts. For instance,By offering "click and collect," major supermarket companies such as Walmart have enhanced their offerings enables customers to place their order online and receive it at the shop.Companies like Big basket have risen 84% during seven months - January to July. The startup also claimed the retention rate of customers grew 50% during the periodThe ease of buying products through online channels offers greater flexibility and safety to the consumer. It not only provides a discount but also ensures that the product ordered is reached on time. Therefore, the online e-commerce website will continue to expand and serve its customers in the coming year.KEY INITIATIVES COVID-19 has changed the buying behavior of consumers. Consumers are more cautious about health and looking for more hygienic products. In our view, this trend should continue and particularly in our industry that should help in the shift from unorganized to organized or unbranded to branded productsAmit Kumat, MD & CEO, Prataap SnacksThe two overarching themes that have emerged among consumers. As a result, the pandemic is: products with better nutrition and products with better immunity for the entire familySuresh Narayanan, chairman, and managing director, Nestle IndiaClorox Co. and Proctor & Gamble Co. have seen sales for their hygienic and cleaning products skyrocket during the COVID-19 pandemic, with both consumer goods giants struggling to keep up with demand.Clorox Co. and Proctor & Gamble Co. Sun Genomics aims to make every human’s gut healthy through its direct-to-consumer custom probiotics solution, and thanks to a Series A, has more investor dollars to put toward that mission. The company’s flagship product is Floré, a microbiome test, and gut probiotics solution that uses whole-genome sequencing to evaluate samples, then recommends personalized products based on users’ unique gut profiles, The company also has a digestive powder product for children called Floré Tots.Sunny Jain, founder and CEO of Sun GenomicsClorox, which manufactures disinfectants, vitamins, water filtration devices and other products, has seen sales increase in large part due to increased demand brought on by the novel coronavirus pandemic. While sales at the company increased overall by 22%, the company’s health and wellness segment sales—which includes its disinfectant products—shot up by 33%. In terms of net cash from operations, Clorox made $1.5 billion in its fiscal year 2020, up 56% from the previous year’s take of $1 billion.Pamela Thomas-GrahamCONCLUSIONThe COVID-19 pandemic was a significant disruptor in 2020, prompting the attention to move globally to the food industry. However, the probiotic market has seen a rapid upward trajectory growth due to increased demand for the nutritious product, growing health awareness, and change in the lifestyle, and increased focus towards immunity since during the pandemic that helps to support healthy immune systems has been a primary concern among the individual’s years. Moreover, the rise in case studies and research on the consumption of probiotics its fruitful impact on the virus is further anticipated to increase the consumer demand in the market as there has been an increased understanding of health and immunity post-pandemicIn addition, factors such as an increase in immunity as an area of interest for the consumer in the probiotics market will continue to rise in the coming years.
COVID-19 Impact on Periodontitis in Healthcare IndustryOverviewThe COVID-19 pandemic has posed immense pressure over the healthcare industry and proved to be an unprecedented challenge to global healthcare companies. The COVID-19 pandemic has deprived hundreds of medical services and hindered several ongoing clinical trials. With the introduction of COVID-19 vaccines, new COVID-19 infections have declined, but the attack of mutant corona strain and second COVID-19 wave has led to the overall increase in mortality rate and again badly affected the healthcare industry, among others. Moreover, the upcoming delta strain of the COVID-19 virus, which has affected Singapore, Indonesia, and France, is expected to hamper the market's growth in the future.The most common symptoms associated with coronavirus disease include cough, fever, diarrhea, sore throat, and loss of smell or taste. Patients affected with COVID-19 are at increased risk of developing hepatic manifestations and also experiences damage to liver tissues.COVID-19 has led to the closure and reduced hours of dental practices except for urgent and emergency services, thus limiting routine care and disease prevention. However, regardless of the pandemic of COVID-19, increasing dental disorders like periodontal disorders among the geriatric population have increased the demand for periodontitis treatment. Periodontitis treatment among dental diseases includes aerosol-generating procedures, including aerosol implants that can increase the chances of viral transmission. The pandemic offers an opportunity for the dental profession to shift more toward non-aerosolizing, prevention-centric approaches to care and away from surgical interventions. Direct effects of COVID-19 on oral health include periodontitis, vesiculobullous lesions, and necrotizing periodontal disease.IMPACT ON PRICEThe outbreak of the coronavirus disease pandemic (COVID-19) is on the increase and is disrupting lives around the world. Lockdowns, isolation, and widespread closures are being implemented to slow the spread of the virus to millions of lives saved. Vaccination is going on at an accelerated pace so as to deal with such debilitating viral diseases. Several countries are facing a multi-layered crisis, including strains on health systems, among others.With the sudden increase in COVID-19 cases, the people's concerns for their better health have also increased, and the link between oral health and COVID-19 infection also expand the health to oralThe Asian healthcare industry heavily relies on medical devices manufactured in China, which significantly impacts costs as medical devices are not properly available.For instance,Moreover, a large number of medical devices are manufactured in different locations, and the supply of medical equipment is reduced due to restrictions on movement from one location to another. So, the costs have increased for dental devices, among other medical devices. Thus, it signifies that the COVID-19 pandemic has led to an increased price of periodontitis treatment products during the fiscal year 2019-2021.IMPACT ON DEMANDThe outbreak of the coronavirus is a result of various markets around the world. It is the cause of lockdown and isolation, which ultimately has an impact on global economic activity.COVID-19 is expected to create a sharp drop for consumables and dental implants. However, due to accelerating demand, a rapid recovery is expected once the dust settles. It includes the orthopedics, cardiology, and dental product industries, among others. These factors have forced market players to strengthen further business continuity, manufacturing facilities, and the global supply chain.The rising awareness of oral hygiene amidst the COVID-19 pandemic has increased the demand for a product required for oral care. The increasing studies for SARS-COV-2 indicated that proper oral hygiene had been reported to decrease infection chances, increasing the demand for mouth care products.However, due to restrictions and aims to reduce COVID-19 transmission, 30% of respondents had visited a dentist less frequently during the pandemic.For instance,In March 2020, Zimmer Biomet reported a significant and sudden global drop in the volumes of elective procedures. As a result, based on preliminary unaudited financial results, Zimmer Biomet estimated that revenue growth for the first quarter of 2020 would be approximately -9.5 to -10.5% on a reported basis and -8.5 to -9.5% on a constant currency basis compared to the first quarter of 2019. The company is engaged in manufacturing dental implants and dental membranes, and the closure of dental practices has impacted the overall company's salesZimmer Biomet expects the decline in volumes of elective procedures seen in the first quarter to continue to have a significant negative impact in the second quarter of 2020. Given the continuing uncertainty, the company is currently unable to quantify the impact on its operating results, its financial situation, and its cash flows, which could be significant for 2020.The impact of COVID-19 has dramatically decreased the number of patients who go for dental procedures, including periodontitis treatment, as there is a high chance of adverse health effects of COVID-19.IMPACT ON SUPPLYVarious companies are facing a large number of challenges due to the coming of the novel coronavirus. One such issue is the uncertainty surrounding the impact of COVID-19 on medical device industry supply chains.Amalgamation is expected in the dental industry. Manufacturers of large dental products can engage in small businesses. Dental firms involved in supply chain distribution can diversify by producing additional consulting firms or dental equipment and supplies.The companies are at risk, and the ability to retain independent agents and distributors who sell their products depends on a limited number of suppliers for key raw materials.Up till now, dentistry has been facing its darkest hour because of the growth and spread of the coronavirus pandemic. Dental clinics all over the U.S. have been closed for more than two months. Given that the pandemic is still on the growth curve, there is no revival hope anytime soon.It thus signifies that due to continuous lockdown and several restrictions by government authorities, the companies and patients are facing disruption of the supply chain for oral care. However, oral care is categorized under essential care, which lowers the effect of supply chain disruption during COVID-19.STRATEGIC DECISIONS OF MANUFACTURERSCollaboration, agreements, strategic initiatives, and product launches by market players will help them expand their product portfolio and provide appropriate products to the consumer. It will lead to increased product sales and, hence, will positively impact the overall company's revenue.The COVID-19 has negatively impacted the dentistry market. According to the Health Policy Institute (HPI) March 23 survey report, except for emergency patients, 76 percent of dental practices were closed, 19 percent were completely closed, and 5 percent were open despite the decline. In the week of April 6, 79 percent of dental practices were closed, except for emergency patients, 16 percent were completely closed, and three percent were open despite a decrease in the number of patientsDuring this time of COVID-19 challenge and disruption, Zimmer Biomet, Dentsply Sirona, among others, is adopting several steps to maintain their position in the market and continuously attain lucrative growth.For instances,Zimmer Biomet has positioned the company to help healthcare systems, clients, and patients now. It has adopted steps to further strengthen the business continuity across its manufacturing facilities and overall supply chain, manufacturing modulation productionDentsply Sirona has also stated that the company is closely monitoring its global manufacturing sites and raw material supply chains to avoid product delivery delays. Moreover, the company is taking appropriate precautions and implementing safety protocols in order to protect its employees in the context of COVID-19. The company has also launched an illness prevention and awareness intranet site for providing support and guidance to its employeesMoreover, by keeping in mind the rising prevalence of periodontitis, market players are adopting initiatives to fulfill patient's and professional's demands.TABLE:1 DISTRIBUTION OF PERIODONTITIS IN LOW INCOME, LOWER-MIDDLE-INCOME, UPPER-MIDDLE-INCOME, AND HIGH-INCOME COUNTRIESPercent DistributionOlder PersonAdultsAdolescentsHigh Income Countries57.643.713.9Upper Middle Income Countries41.642.59.5Lower Middle income Countries42.710.00.5Low income Countries4028.72.7Source: Hindawi JournalThus, companies operating in the periodontitis market are adopting several strategies, including agreements and market expansion, thereby enhancing their business. These strategic decisions by the companies are expected to provide significant opportunities for the market players operating in the oral care market.CONCLUSIONAs the pandemic of COVID-19 has resulted in several restrictions throughout the borders, manufacturers of periodontitis products can still manage their stocks. Various manufacturers have allowed their employees to work in a clean and safe environment to boost the production of essential products at various manufacturing facilities across several regions of the world, helping them maintain a continuous supply chain. However, decreased patient visits have impacted the market, but the rising demand for periodontitis treatment leads to continuous demand for dental implants. Moreover, by raising the prices, the companies are gaining extra profit, helping them combat the negative effect on overall revenue.
COVID-19 Impact on the Non-dairy Beverages in Food and Beverages IndustryThe COVID-19 pandemic has affected the non-dairy beverages market significantly on a global level. The persistence of COVID-19 for a longer period has affected the supply and demand chain as it got disrupted due to the difficulty in supplying the ingredients for preparing non-dairy beverages products such as nuts, soya, and others. During the COVID-19 pandemic, the market witnessed a decline in the non-dairy beverages market initially due to movement restriction, de-globalization, loss of income, import and export restriction, and the supply of raw materials. All these factors have impacted the market growth negatively. The COVID-19 has led to the lockdown worldwide, which has impacted the non-dairy beverages market as the supply of non-dairy beverages has been affected. The prices of plant-based or vegan products also fluctuated, as the market faced a crisis.Every sector in the beverages industry has been impacted either positively or negatively due to the COVID-19. The COVID-19 pandemic has introduced a lack of immunity amongst people around the globe. Hence, there is more demand for non-dairy beverages products to increase immunity and stay healthy.Aftermath of COVID-19After the outbreak of COVID-19, the consumers have become more conscious about the intake of beverages and are trying to consume beverages that are healthy and nutritious and offer various health benefits. An increase in awareness regarding the health benefits of consuming plant-based beverages instead of dairy will increase the demand for non-dairy beverages products. Initially, the demand and supply of non-dairy beverages products have decreased due to the movement restrictions, but later after the COVID-19 outbreak, the demand for non-dairy beverages increased owing to a change in lifestyle and change in consumption pattern of consumers around the globe. Also, with the growing awareness and growing social media vegan trends have influenced the global population, thereby increasing the growth of non-dairy beverages in the global market.Increased Demand for Specific Food Products for Vegan and Vegetarian DietsAt the beginning of 2020, the pandemic has resulted in a drastic increase in the demand for healthy food. A popular trend in consumers is a shift to a vegan and vegetarian diet which is considered healthy. The vegan and vegetarian community also seem to be at a lower risk of diabetes, cholesterol, obesity, and other diseases. As COVID-19 is at high risk for patients with obesity, the consumption of healthy and vegetarian non-dairy beverages such as plant/nut-based milk and others has increased in consumers. The recent trend indicates an exponential rise in consumption of vegan beverage products as consumers are making significant lifestyle changes for reasons such as promoting animal welfare, improving health and wellness, and prioritizing environmental sustainability. Responding to this transitional shift in consumer behavior, several food & beverage manufacturers have made substantial investments in launching new vegan beverage products in recent years. Further, the outbreak of the COVID-19 pandemic has accentuated the growth of vegan products as prices of animal-based products skyrocketed during the pandemic. As a result, the beverage industry will witness an increasing number of players entering the "vegan" space as consumer demand is likely to accelerate over the coming years.Impact on PriceThe non-dairy beverage grew at a slower pace, and the improving COVID situation allows for gradual re-opening of foodservice channels. Demand for non-dairy beverages remains steady, although disruptions due to the rapid spreading of COVID-19 into unvaccinated populations out of control in many regions, forcing many governments to re-impose restrictions. The non-dairy beverages market in upcoming years will increase over the prior year is partly due to the decline in trade caused by the impact of COVID port disruptions, but the ongoing surge in China's demand explains a large portion of non-dairy beverages products.The price of the non-dairy beverage is high in comparison to the dairy beverage, as dairy products are largely used all over the world. For the processing of non-dairy beverages, the raw material and preparation methods increase the final product's price.According to the manufacturers,Given that these products are priced significantly higher than regular dairy, their uptake is going to be limited as compared to dairy-Rajat Wahi, partner, Deloitte IndiaConsumers will not move entirely to plant-based milk; however, they will incorporate it in their diet given its health proposition-Rohan Mirchandani, co-founder, and CEO of Drums Food (Epigamia)We want to reach price parity with private dairy players-Abhay Rangan, founder, Goodmylk.Thus pricing is the biggest hurdle for many players in the non-dairy beverage market.Impact on DemandDuring this crisis time, health has become an imperative issue for consumers. From making smaller changes such as a low-calorie and sugar-free diet to major lifestyle changes, consumers have prioritized health. As non-dairy beverages such as plant/nut-based milk are well known in vegan and other communities which are on some special diets, the consumption of these products is expected to increase during COVID-19 and after COVID-19.For instance,• According to China Daily, in 2020, plant-based milk sales in China in convenience store chain Bianlifeng increased 10 to 13% in various locationsThus, the pandemic had a positive impact on the demand, and there is a major shift in consumer's choice from animal-based milk beverages to plant/nut-based beverages in many regions around the globe.Impact on SupplyThe restriction imposed during lockdown has changed the mindset of the consumers and business enterprises towards the online shopping and e-commerce platform that has augmented the growth of the market. The partnership with online delivery platforms such as Alibaba, Amazon, and others has also supported the supply chain of the non-dairy beverages market. With social media and e-commerce providing a huge platform for major and minor non-dairy beverages manufacturers, the consumers have been abled with ordering and pick-up at their convenience or get their order shipped at their locations. Few companies have also developed their own e-commerce platforms that have benefitted their supply chain, which has enhanced the demand for non-dairy beverages.Growing Awareness Regarding Non-dairy Beverages and Increasing Social Media Trends is Leading the Non-dairy Beverages Such as Plant/Nut-Based Products MarketThe majority of the population around the world is turning vegetarian or either vegan, especially after the COVID-19 outbreak. With the growing awareness regarding the health benefits of consuming plant/nut-based products, lactose intolerance, and supporting the environment and animals due to the consumption of such products, the demand for non-dairy beverages such as plant/nut-based milk is on the rise. After the COVID-19, people all over are opting for non-dairy beverages as they got more incline towards leading a clean and healthy lifestyle. Increasing demand for non-dairy beverages has enabled manufacturers to raise investments for non-dairy beverages even during the COVID-19 in many regions across the globe.For instance,In August 2021, Silk launched its first new limited flavor, which is a blend of brown maple sugar in oat milkIn February 2021, Ripple Foods announced its Plant-Based Kids Milk, which is a 100% vegan milk alternative that is fortified to support optimal nutrition for kids of ages from one to fiveAn increase in the number of efforts by the manufacturers to gain investments for non-dairy beverages even in COVID-19 outbreak products to fulfill the consumers' growing demand for non-dairy beverages will drive the market growth in a positive direction.ConclusionCOVID-19 pandemic has affected almost all industries, including the non-dairy beverages market. It has also affected the population and economy on the global level. During this pandemic, public awareness regarding clean, healthy, and nutritious food, which offers various health benefits, was on the rise. The majority of the population is also becoming aware of the benefits of consuming non-dairy beverages in the longer run. An increase in the vegan and vegetarian populations and raised investments for non-dairy beverages such as plant/nut-based products by manufacturers will drive the non-dairy beverages market positively. Increasing demand for non-dairy beverages such as milk, yogurt, and others by the consumers will add to the market's growth. Consumers have been shifting their buying presences from offline to online retails to maintain social distancing. Thus, the market will increase after the COVID-19 outbreak and will grow for a long time due to changing social media trends, spreading awareness regarding clean and healthy food options, and changing consumers' preferences to lead a healthy and clean lifestyle.
COVID-19 Impact on PPE Kits in Healthcare IndustryPersonal protective equipment is commonly referred to as "PPE." PPE is a worn equipment which helps to minimize exposure to hazards from the workplace illnesses and injuries. These injuries may result from contact with radiological, physical, chemical, mechanical, electrical, mechanical, or other workplace hazards. PPE includes the items such as safety glassesgloves and shoes, earplugs or muffs, respirators, or coveralls, hard hats, and full body cover suits. Choosing the right PPE helps to reduce the exposure to hazards and is essential to laboratory safety.Type of PPE:-Eye and Face ProtectionHand ProtectionBody ProtectionRespiratory ProtectionHearing ProtectionGeneral safety glassesLaser safety glassesChemical splash gogglesImpact gogglesFace shieldsLight latex, vinyl, or nitrile glovesLight chemical resistant glovesLight to heavy chemical resistant gloves Heavy chemical resistant glovesInsulated glovesWire mesh glovesLab coatsSurgical masksN-95 respiratorsHalf-mask respiratorsFull-face respiratorsRespirator cartridgesDisposable earplugsReusable earplugsHearing bandSHORTAGE OF PERSONAL PROTECTIVE EQUIPMENT ENDANGERING HEALTH WORKERS WORLDWIDEThe World Health Organization has warned that extreme and mounting disruption to the worldwide delivery of personal protective equipment (PPE) – resulting from growing demand, panic buying, hoarding, and misuse – is placing lives at chance from the brand new coronavirus and different infectious diseases. Healthcare employees rely upon private shielding systems to shield themselves from being infected. However, shortages are leaving doctors, nurses, and different frontline employees dangerously ill-prepared to take care of COVID-19 sufferers,. Industry and governments have to act speedily to reinforce delivery, ease export regulations, and positioned measures in vicinity to prevent hypothesis and hoarding. “We can’t prevent COVID-19 without defensive medical examiners first” stated WHO Director-General Dr Tedros Adhanom Ghebreyesus.IMPACT OF COVID-19 ON PERSONAL PROTECTIVE EQUIPMENTThe current coronavirus disease outbreak (COVID-19) has spread worldwide. All COVID-19-affected countries throughout the world are taking containment measures and doing their utmost to combat the disease in order to prevent it from spreading further and to limit death. In the early discovery of cases, contact tracing, and treatment of patients, the public health workforce and healthcare workers in clinical settings play a critical role. In order to combat any infectious disease in a crisis, healthcare practitioners and public health workers must have access to personal protective equipment (PPE) and utilize it consistently and correctly.As the COVID-19 pandemic spreads across the globe, the demand for personal protective equipment has skyrocketed. Many nations, including India, have experienced a temporary scarcity of PPE due to the pandemic's rapid spread. The absence of personal protective equipment (PPE) has harmed the morale of healthcare workers (HCWs) and other frontline troops fighting the coronavirus epidemic, which has afflicted over 22,000 health workers in 56 nations. Some have succumbed to it in countries all over the world, including India (WHO).. Moreover, an increase in the potentially infectious patients seeking testing and care accelerates the COVID-19 pandemic all over the world. Spread of COVID infection all over the world is generating the demand for PPE kits such has like face masks, gloves, goggles, air-purifying respirators, respirators face shields, and gowns among health care employees. As a result of shortage in all kinds of PPE, developed high demand across the globe.For instanceUnited Nations Children's Fund plays an important role in the delivery of PPE. The fund shipped more than 653.4 million items of PPE in 140 countries.MAJOR SUPPLIERS OF PERSONAL PROTECTIVE EQUIPMENT(In USD Million)Exporters20182019China8733.629639.8Malaysia45488653.4Viet Nam10894346.5Thailand1392.31573.5Germany1401.11453.6From the above table, it can be inferred that china is the major supplier of PPE kits Followed by Malaysia, Vietnam, Thailand and Germany.CONCLUSIONThe spread of the novel coronavirus has triggered significant market damage across the world. Most businesses have stopped immediately, and the effect of the pandemic has been on all industries. The towns were closed down, and social distancing has become a modern norm.Government along with the private sector can play a vital role in reviving the sector. The government is providing financing assistance for needs arising from COVID-19; the private sector can take care of large investments and expertise required in developing countries. Apart from this, strong engagement with governments and local stakeholders will continue to contribute significantly to the development of the sector.In the starting days of pandemic, drastically boots the demand of personal protective equipment all over the globe. The use of personal protective equipment “specially medical masks” has become more popular in the world and also other PPE such has gloves, face shields, gowns, googles and other items have experienced rise in the demand among essential workers and frontline health care employees.Companies are making the strategic action to increase the supply to meet the demand of personal protective equipment in the market. Government has also introduced many polices and initiatives which would help manufactures to maintain in stable growth in current dynamic situation.
COVID-19 Impact on Food Authenticity Testing in Food and Beverages MarketThe COVID-19 pandemic has influenced the whole planet with its major impacts on the economy and businesses across the globe. The COVID-19 spread worldwide in unprecedented ways due to its high infectious and contagious nature and lack of availability of its vaccine. Though the emergence of the virus can be traced back to Asia, several European countries along with the U.S. have also been struck massively by the pandemic. The virus has spread across all regions ranging from North America, Europe, Asia-Pacific, Middle East, and Africa up to South America. The COVID-19 has been declared as a pandemic by the World Health Organization (WHO) due to its increased spread across the globe. After the declaration of the pandemic, various countries including India, China, and other Asian countries announced complete lockdown to decrease its spread. According to the situation report of 7th June 2021 by WHO, 174 million cases of COVID-19 have been reported globally and 3.7 million patients are dead due to the coronavirus. On a slightly positive note, a total of 157 million people have recovered and a total of 1.9 million vaccine doses have been administered as well.According to a report from the Food Authenticity Network COVID-19, the pandemic is causing a rise in global food fraud.For instance,According to the report, there was a 37% rise in food fraud cases when comparing the first half of 2020 to the same period in 2019. The worst-hit categories were spirits, wine, and honey. Moreover, adulteration cases rose by 30% and counterfeit incidents by 47%.With the increase in the global food trade and the expansion of manufacturing units for processed food products, the growers are focusing on ensuring the safety and quality of their food products. This will further fuel the growth of the market.Impact on Demand Although the tension of COVID-19 has been noticed in the sector, there were a couple of points that acted as a light at the end of the tunnel. Post the first wave of COVID-19, the global food authenticity testing market is growing as people are getting aware of food safety. People these days highly prefer certified and premium products to lead a healthy lifestyle.Additionally, several governments and food organizations of various countries are taking precautionary measures on food safety and its quality:For instance,According to the Food and Agriculture Organization of the United Nations (FAO), The Italian Development Cooperation has made an additional contribution of Euro 14 million to the FAO trust fund for food safety and food securityIn July 2020, U.S. Food & Drug Administration (FDA) launched a new era of smarter food safety initiatives and released a blueprint and pilot study. The blueprint will outline the path forward that builds on the work the FDA has done through the implementation of FSMA (FDA Food Safety Modernization Act). FSMA helps to ensure food safety and prevent foodborne diseases via the use of science and risk-based assessment.In March 2021, FDA partnered with Mexico’s regulators to strengthen food safety.According to Hindustan Times, the Indian government is taking initiatives to improve food safety, hygiene in its canteen by giving training through FSSAI to 80 staff members of the canteen from various government canteens to oversee food hygieneIn this COVID-19 situation, the rising number of initiatives taken by the governmental authorities to promote food safety coupled with rising awareness among consumers will propel the growth of the market. With the rising demand of consumers for food safety, the demand for food authenticity and testing for food to ensure whether the food is safe for consumption is expected to boost the growth of the global food authenticity testing market.Impact on Supply ChainThe lockdown restrictions implemented by the government across the globe in 2020 and the continuing restrictions in 2021 have been disrupting the supply chain. This is expected to pose huge challenges for food product manufactures and could negatively impact the growth of the food authenticity testing market.However, the complex supply chains increase the chances of food contamination due to improper handling, not following HACCP guidelines. Therefore, there is increased demand for food authenticity testing among retailers, manufacturers, and growers, which offers benefits to the food supply chain as it manages safety risks, offers preventive and corrective measures to food safety management, and reduces or eliminates the risk of food recalls.Strategic Initiatives Taken by Manufacturers COVID-19 outbreak has affected every sector in the market, which also includes the food authenticity testing market. The industry has been severely affected due to the disrupted supply and demand in some cases. Several companies are losing their key revenue sources as food services outlets are closed or have been noticing reduced sales. Some companies have closed their production facilities to mitigate potential risks from COVID-19. Many food authenticity testing companies are taking initiatives during COVID-19.For instance,“Global standard for food safety has been developed to specify the food safety, quality, and operational criteria required to be in place within a food manufacturing organization to fulfill obligations about legal compliance and protection of the consumer. Food businesses, that are certified to the standard must have a full understanding of the products it produces, manufactures and distributes, and have systems in place to identify and control significant product safety hazards. The standard has two key components; senior management commitment and a hazard analysis critical control point (HACCP) based system, which provides a step-by-step approach to managing food safety risks. With all this in mind, businesses that are used to the standard are well-positioned to identify, assess and act on the new risks associated with COVID-19” - Jessica Burke, GFSI Eurofins is offering testing for detection of SARS-CoV-2 in a growing number of countries around the world. Global capacity is increasing daily as Eurofins teams are working round the clock to deliver results in very short turnaround times and often within 12 to 24 hours. In each geographical region, Eurofins laboratories are working closely with public health authorities and following their priorities to support hospitals and medical professionals fighting this unprecedented health crisis Gilles Martin, CEO, Eurofins ScientificALS provides routine analysis services to test critical environmental surfaces for the presence and persistence of SARS-CoV-2, the virus that causes COVID-19. Test results are intended to help monitor and strengthen the effectiveness of disinfection and sanitation measures, particularly after outbreaks or positive tests in a business, care home, or public facility ALS LimitedThese initiatives could help restore the food authenticity testing market. ConclusionThe pandemic has taken a toll on every aspect of life including the global economy. With the significant downfalls in various sectors, a collaborative effort of government, industry players, and consumers can win the fight against COVID-19.COVID-19 outbreak has affected every sector in the market including the food authenticity testing market. Some companies have closed their production facilities to mitigate potential risks from COVID-19 which has hampered the market growth. However, increasing demand for certified food products is expected to boost the growth of the global food authenticity testing market in the forecast period.Increasing awareness among consumers regarding a healthy and safe diet free from contaminants, allergies, and adulteration is projected to boost the growth of the global food authenticity testing the market for a long period due to changes in consumer buying behavior and changes in dietary habits. Hence, the global food authenticity testing market is growing as people are more inclined to buy certified food products. Thus, the impact of COVID-19 is positive for the food authenticity testing market in several nations, and hence the growth is expected to increase during the coming years.
