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(Medical-NewsWire.com, December 18, 2019 ) Market Overview
The Global food ingredients market is expected to grow with a CAGR of 8.4 % during the forecasting period (2019-2026).
The global specialty food ingredients market is driven by various factors such as increasing demand for convenience foods, changing food preferences and great impetus towards nutrition & taste and low cost of raw materials.
Specialty ingredients are used in foods to enhance taste, flavor & aroma, increase nutritional contents, improve shelf life and sometimes used to mask bad taste & unpleasant odor.
The regulatory scenario plays a vital role in shaping this industry. Continuously changing the regulatory landscape to fulfill the agenda of health issues is creating hurdles for market participants throughout the value chain.
Technological advancement also plays a critical role in shaping the demand for new age products that require research & development which involves time and money.
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Whats trending in the specialty ingredients market?
Specialty ingredients including vitamins, protein, minerals, enzymes, acidulants, and emulsifiers are the most utilized to perform various functions, enhancing the quality, taste and nutritional value of the diet.
These ingredients preserve the nature of food and sometimes improves them to make the menu safe and pleasant for consumption.
Increasing Demand for Convenience Foods
Growing demand for convenience foods and ready to eat food is giving pace to specialty ingredients demand globally.
Food processors are readily utilizing components to increase the quality of their products.
High demand for processed meat and processed dairy products globally has given a boom to specialty ingredients.
Regional Product-based Analysis of Specialty Food Ingredients Market
Low raw material availability is the primary restraint for this market. Most of the ingredients are derived from vegetables, fruits, trees, milk and meat which are also consumed in raw and other forms.
Meat and dairy are already scarce in many countries leaving limited supply for ingredient manufacturers. Also, high demand for vegetables & fruits creates hurdles during sourcing.
The cost of production due to technology requirement also hinders the consumption.
The Global specialty food ingredients market is segmented by types of products such as specialty sensory food ingredients (Enzymes, Emulsifiers, Flavors, Colorants, Acidulants, Starches & Others) and specialty functional food ingredients (Protein, Vitamins, Minerals, Antioxidants, Preservatives & Others).
Geographically, the market is segmented into North America, South America, Europe, Asia Pacific, and Middle East & Africa.
Regional Market Share Analysis of Specialty Food Ingredients Market
The Asia Pacific accounted for the largest market share globally in 2017, due to the high demand for processed food products for a massive population.
The need in the Asia Pacific is also growing at the fastest rate globally. China represented a market value of approximately xx billion USD in 2015 and expected to increase by xx billion USD by the end of 2020.
By product type, vitamins are the largest segment accounting for xx% of the market by 2018.
The report covers the factors impacting the market, Porter 5 forces, market share analysis, price trend analysis, product benchmarking, and company profiles.
The report profiles the following companies, which includes Ashland Inc., Archer Daniels Midland, DuPont, Wild Flavors GmbH, DSM, Diana Group SA, Naturex, Frutarom, Eli Fried Inc., KF Specialty Ingredients, Ingredion, Associated British Foods Plc, Kerry Group, and Agropur Cooperative.
Reasons for purchasing this report?
Visualize the composition of the Specialty food ingredients in the market across each indication, regarding type and applications, highlighting the vital commercial assets and players.
Identify commercial opportunities in Specialty food ingredients by analyzing trends and co-development deals. Excel data sheet with thousands of data points of the Specialty food ingredients market level 4/5 segmentation
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
Product mapping in excel for the vital Specialty food ingredients products of all major market players
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