Specialty Food Ingredients Market: Global Market Size, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024

Specialty Food Ingredients Market: Global Market Size, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024

Specialty Food Ingredient Market is Expected to Surpass around US $ XX Bn by 2025, Due to Rising Consumption of Processed Food & Changing Lifestyle

“The Specialty Food Ingredient Market is anticipated to reach about US$ XX Bn by 2025, and anticipated to expand at a CAGR over seven years of forecast period 2019-2025” owing to rising consumption of processed food along with changing lifestyle.

Precision Business Insights (PBI) in its report titled “Specialty Food Ingredient Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

The specialty food ingredient market size was accounted for US$ XX Bn in 2018 and anticipated to account for US$ XX Bn by 2025. The growth of the specialty food ingredients market is primarily due to the rising consumption of processed food and changing lifestyles across developing economies. Moreover, rapidly expanding end-use industries including bakery & confectionery, functional foods, and beverages is expected to fuel the growth of the specialty food ingredients market. Increasing awareness about health benefits of the specialty food ingredients, growing urbanization, and rising disposable income are the key factors projected to boost the demand for the specialty food ingredients over the forecast period. On the contrary, high cost associated with the specialty food ingredient, low purchasing power in the developing countries might hinder its growth in the market.

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Specialty food ingredient market segmented on the basis of product type and application.

Colorants and Flavors Segment Expected to Dominate the Market

Based on product type, the market is classified into enzymes, emulsifiers, flavors, colorants, vitamins, minerals, antioxidants, and preservatives. Colorants and flavors are the fastest growing segments with high consumption rate. The softening, anti-staling, and digestive properties associated with enzymes are projected to boost the growth of the segment during the forecast period. Growing trend of incorporating antioxidants and vitamins in edible oils and other food supplements in order to enhance the nutritional value of food items is anticipated to fuel the growth of the segment over the forecast period.

Bakery & Confectionery Segment Projected to Dominate the Revenue Share.

Based on the application, the market is segmented into bakery & confectionery, functional foods, beverages, convenience foods, meat products, dairy & frozen foods, and dietary supplements. Bakery & confectionery segment accounted for the significant market share. The beverage industry is the second important segment and is expected to grow at a significant CAGR over the forecast period. The growing trend of fortified, carbonated, and flavored beverages is expected to boost the demand for flavors and minerals in the beverage industry.

North America, Accounts for Major Revenue Share for Specialty Food Ingredient Market

Precision Business Insights (PBI) specialty food ingredient market report analyses the market in different regions North America, Europe, Asia Pacific, Latin America and Middle East and Africa. According to regional analysis, North America specialty food ingredients market accounted for the largest market share in terms of revenue in 2017. The market growth is attributed to increased consumption of processed food in the U.S. and Canada. Asia Pacific is the second important market and is projected to grow at a considerable CAGR over the forecast period. The growth is mainly due to the increasing application of functional food ingredients in beverage production. Moreover, the increasing adoption of Western eating habits is anticipated to enhance the market growth in the near future. The specialty food ingredients market in Europe is projected to exhibit the highest growth over the forecast period with the high number of hotels and restaurants. In Latin America, the growing fast food industry is driving the growth of specialty food ingredients market. In the Middle East and Africa, the market for specialty food ingredients is anticipated to grow due to the increasing consumer spending on eating out.

Strategic Collaborations & New Product Launch Play Vital Role in Specialty Food Ingredients Market

Major Player are currently adopting to innovative strategy in order to establish their presence globally. For instance, On February 2018, Archer Daniels Midland Company (NYSE: ADM) and Cargill have reached agreement to launch a joint venture to provide soybean meal and oil for customers in Egypt. aturex will launch a new natural solution for food preservation at the forthcoming IFT18 Expo called XtraBlend RN, it will be unveiled as part of Naturex’s Clean & Clear Label theme, with natural colors, fruit powders, vegetable purees and oat flour also in the spotlight
Key player’s profiles in the report are Aceto Corporation, BASF SE, Vertellus Holdings LLC, Lianhetech, Easter Chemical Corporation, Cycle Pharma Chem, Dishman Group, Dextra Laboratories Limited, Chemcon Specialty Chemical Pvt. Ltd, Midas Pharma GmbH, Codexis, A.R. Life Sciences Private Limited, Sanofi Winthrop Industries, and ZCL Chemical Ltd among others.
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https://www.precisionbusinessinsights.com/market-reports/specialty-food-ingredients-market/#ulp-c654SbFYO64MsOhu

Detailed Segmentation

By Product Type

o Sweeteners
• High Intensity Sweeteners
• High Fructose Syrup
• Low Intensity Sweeteners
o Nutritional Food ingredients
• Minerals
• Vitamins
• Prebiotics
• Others
o Emulsifiers/ Stabilizer’s
• Sorbitan Esters
• Stearoyl Lactylates
• Lecithin
o Food Preservatives
• Natural Preservatives
• Synthetic Preservatives
o Acidulants
o Enzymes
o Colours
• Caramel
• Carotenoids
• Anthocyanins
o Flavours
• Aroma Chemicals
• Natural Extracts
• Essential Oils
o Nutraceutical ingredients

By Application Type

o Bakery and confectionery
o Beverage
o Meat Products Dairy
o Snacks
o Salty Snacks
o Others

Geography

o North America
 U.S.
 Canada
o Europe
 Germany
 UK
 France
 Russia
 Spain
 Italy
 Rest of Europe
o Asia-Pacific
 China
 Japan
 India
 ASEAN
 Rest of Asia Pacific
o Latin America
 Brazil
 Mexico
 Argentina
 Chile
 Rest of Latin America
o Middle East and Africa
 South Africa
 Saudi Arabia
 Rest of MEA

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