Why Choose Guires's FRL as Your Food Product Development (FPD) Consultant and Partner?

There are several options in almost every product area in today’s market, and the difficulty is in coming up with unique items that stand out and connect with customers. Guires Food Research Lab (FRL) takes a holistic approach to creating food and beverage products. We define, demographically target, and build effective goods through a sequential process for category selection and comprehension. The client can visit the lab to learn the process. We offer unlimited rounds of revisions to ensure customer satisfaction. The final product prototype, along with the documentation process, including the video (through email), will be shipped to the client, and in case the client is not satisfied with the video, a food technology consultant will visit the place for the product demo at the client’s costs.

What are the different forms that you deliver the Food Product Formulations?

The food industry is witnessing a new form of consumption. Keeping that in mind, we can formulate the products in the form of ready-to-eat, ready-to-drink, ready-to-mix, ready-to-serve, and ready-to-cook food products. We use ingredients that offer an added value to the development and improve its indulgence and sustainability in terms of its functional ingredients, plant-based food dyes, and natural preservatives with a clean label.

What are the sectors Food Research Lab cover?

We cover a wide range of sectors such as soups, sauces and dips, chips, tortillas, dry beverage powder, plant-based products, masalas, puddings, instant mixes and many more.

How is sensory testing been carried out?

Our sensory examination leads to the precise formulation and recipe recommendations. We develop data-driven design models based on sensory research and customer insights. The fact-based design methodology used by Guires reduces risk and gives our clients market confidence while cutting development time in half. With our dedicated sensory lab facility, our team takes satisfaction in creating and optimizing successful products in the marketplace, generating a favourable return on investment, and developing brand advocates.

Global research and market analysis on Salmon

21 Jan

Global research and market analysis on Salmon

by Food Research Lab

in Discovery & Intelligence, market consumer research

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Introduction

Salmon has been one of the most consumed fishes since historic times. The pale pink flesh is their trademark feature. The aquatic beings are found extensively along the Atlantic and Pacific oceans. Based on availability, they can be wild or farmed. Salmon is a powerhouse of nutrients. The wild variety has a higher proportion of nutrients than the farmed one. Besides being high in protein, they are rich in omega-3 fatty acids that benefit heart and brain health and reduce inflammation. Vitamin B-12 is also abundant, which is necessary for red blood cell production and regulation of the nervous system. Vitamin A helps in good vision and healthy skin, while vitamin D is crucial for bone health. Minerals like selenium help regulate thyroid function and the presence of potassium assists in lowering blood pressure. [1]

Market Trends

The global salmon market was priced at US $14.87 billion in 2021 and is anticipated to rise at a Compound Annual Growth Rate (CAGR) of 8.5% from 2022 to 2030. [2] Some factors could lead to this rise.

Versatility- Salmon fish is highly versatile and have a less fishy taste than other variants, such as mackerel. It can be steamed, grilled or sauteed. It is also consumed raw in sushi and sashmi, rendering it a popular choice for consumption.
Increasing awareness of the people– Versatility, along with an increasing awareness of the health benefits of Salmon, led to the growth of the Salmon market. People’s dietary choices have shifted from carbohydrate-rich to protein-rich food. [3]
Increase in availability of Salmon– The expansion of the food industry and increased availability of product forms like freeze-dried and ready-to-eat have skyrocketed the growth of the salmon market[2].
Demand for omega-3 capsules- During COVID-19 times, there was an increasing demand for omega-3 supplements since there was an increased burden of depression reported among younger individuals, and this fatty acid is known to manage symptoms of depression. This caused a noticeable increase in the demand and consumption of Salmon, for salmon oil capsules are among the most common omega-3 oil sources.[4]
Other Main factors causing a rise in Salmon market– Increased purchase trend of consumers- Interest in consuming other cuisine, especially Asian cuisine.- Emigration of Asians to the US [2, 3].
– Increase in fish farming has led to an increase in the supply of Salmon fish [3].

Challenge for Salmon market

A significant challenge in the salmon market is the rise in numbers and popularity of veganism. People choose to be vegan due to health, environment and ethical reasons. In the UK alone, the numbers rose from 0.28 million in 2022 to 0.6 million in 2020. However, Salmon still continues to be extensively farmed and consumed due to the high demand for its nutritional profile. [5]

Conclusion

Salmon is a versatile fish renowned for its flavour and nutritional value. Many factors cause an increase in the salmon market, like an increase in the knowledge of its nutritional value. Innovations in the development of food products can help bolster the salmon market.

Guires’s Food Research Lab has expertise in developing new minimally processed yet delectable recipes, giving importance to taste and nutrition. In addition, we can assist in the formulation of Salmon based food products like sauces that find their use in a plethora of food items. We also help in conducting industry and market research that assists companies in making informed decisions on the creation, pricing and packaging of a product, thereby enhancing their overall success.