卡斯卡迪亚资本配料行业最新动态——2022年夏季

Summer 2022 The Ingredients industry is evolving to meet changing consumer health trends andshows resilience against broader market volatility with M&A outlook remaining strongfor premium, differentiated assets Cascadia Capital Ingredients Practice Overview Ingredients Coverage Overview Cascadia Capital’s Food, Beverage, and Agribusiness team has 17 dedicated members with extensive transaction andadvisory experience in the ingredients space and across the entire food, beverage and agribusiness supply chain Ingredients Sub-Sector Coverage Cascadia’s Ingredients coverage team uses extensive knowledge of the industry, including trends, buyer landscape andstrategy, as well as deep transaction and advisory experience to best position our clients and maximize outcomes.Ingredients sub-sector coverage includes: Extracts, Flavors,SpecialtyIngredients FurtherProcessedProduce Dairy,Sweeteners,Confections Grains andAlternativeProteins Nutraceuticalsand FunctionalIngredients Spices, Sauces,Condiments,Bases Select Recent Ingredients Transactions Cascadia Capital Ingredients Contacts Scott PorterManaging DirectorSPorter@cascadiacapital.com(616) 826-9763 George SentManaging DirectorGSent@cascadiacapital.com(234) 380-3242 Asher NelsonAssociateANelson@cascadiacapital.com(503) 913-5785 Summer 2022 Ingredients Update: Industry Trends Changing consumer preferences towards organic, functional, and sustainable foods are driving growth in the naturalingredients market prompting response from large industry incumbents Continued Acceleration of Organics and Better-for-you Ingredients •Since the pandemic, health and wellness has come into sharpened focus and continues to drive application of organic ingredients•Food and beverage product launches using organic ingredients increased 5.0% from 2020-20211•The U.S. Food & Bev Market for organics is expected to grow 13.0% annually from 2020-2030, compared to 4.1% for the overall industry2 Consumers Seeking Functional Ingredients and Botanicals to Support Lifestyle •In addition to nutrition content, consumers increasingly choose food and beverages with functional ingredients to support energy, immunity,sleep, preventative care, and other holistic factors•Benefits of botanical ingredients are more known and now commonly utilized in manufacturing of food and beverage products•The Global Botanical Market is expected to grow 6.9% annually from 2020-20283 Growing Demand for Proteins and Plant-Based Dairy Alternatives •Global urbanization, rising incomes, and improved standard of living have increased demand for protein, especially dairy-free alternatives •Soya milk, almond milk, and oat milk have long been some of the most popular alternatives, but this sector has seen recent innovation andexperimentation with other ingredients to provide new offerings•U.S. plant-based beverage and snacks manufacturer, Mamma Chia, recently launched a dairy-free milk alternative made from chia seeds, and theindustry has seen a variety of other innovative ingredients used as alternatives to dairy, such as avocado milk•The Global Plant-Based Food Market is predicted to grow 11.0% annually from 2020-20314 Scarcity of Plant-Based Proteins Driving Innovation in New Ingredients •With increased demand for plant-based proteins, many of the on-trend options, like pea powders and textured pea proteins, are in short supply•This leaves an opening for new options to gain foothold seen by introduction of pumpkin seed, chickpea, quinoa, and sesame protein options•Innovative companies, like MycoTech and Meati Foods, are using mushroom fermentation to develop better tasting and easier to digest proteins•Plant-based foods could make up to 7.7% of the Global Protein Market by 2030, with a value of over $160 billion5 Concern over Safety and Chemical Side Effects Causing Growth in Natural Aroma Ingredients •Growing awareness around side effects of chemically synthesized products has resulted in apprehensions towards traditional aroma ingredients•In the aroma market, consumer demand for natural products in personal care, cleaning, and sanitization has soared along with new advancementsin natural production technologies and a changing regulatory landscape•The natural segment held 31.7% of the Global Aroma Ingredients Market in 2020 but is expected to grow 6.1% annually through 2028, comparedto 4.8% for synthetics6 Greater Consumer Value Placed on ESG Factors •On top of preference for clean ingredients free of artificial preservative and additives, Millennials and Gen Zs have placed a premium on corporateresponsibility, ethical sourcing, and transparency causing more companies to fully disclose the ingredients into their products •There has been a 93% year-over-year growth in food and beverage launches tracked with carbon emission communication from Q4 2019-Q32020 vs. Q4 2020-Q3 20218 Changing Consumer Trends Driving Investment and M&A from Large Ingredient Incumbents •In May 2021, Royal DSM reached de