Press release
Global specialty food ingredients market estimated CAGR 6.43% Growth by 2026 | A Report by Darling Ingredients Inc., Chr. Hansen Holding A/S, DuPont, Vidhi Speciality Food Ingredients Limited, Ingredion Incorporated, Bunge Limited, Cargill Incorporated an
Market Analysis:
Global specialty food ingredients market is expected to register a healthy CAGR of 6.43% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the individuals globally adopting healthier food habits.
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Key Market Competitors:
Few of the major competitors currently working in the global specialty food ingredients market are
• Darling Ingredients Inc.
• Chr. Hansen Holding A/S; DuPont
• Vidhi Speciality Food Ingredients Limited
• Ingredion Incorporated
• Bunge Limited
• Cargill, Incorporated
• Sensient Technologies Corporation
• Archer Daniels Midland Company
• BASF SE
• Univar Inc.
• NATUREX
• Koninklijke DSM N.V.
• International Flavors & Fragrances Inc.
• Associated British Foods plc
• Ashland
• Kerry Inc.
• Symrise
• Tate & Lyle
• Prinova Group LLC
• Roquette Frères
• Woodland Foods
• Evonik Industries AG
• Firmenich SA
• Takasago International Corporation and Novozymes
Key Developments in the Market:
• In April 2019, Vidhi Speciality Food Ingredients Limited announced that they had completed the acquisition of Arjun Food Colorants Manufacturing Private Limited for approximately Rupees 79,205,000. This acquisition will result in better capabilities if Vidhi Specialty Food Ingredients and also expand their leadership in the market of India.
• In November 2018, Darling Ingredients Inc. announced that they had acquired PPH Conto Ltd. expanding their geographical presence in Europe and integrating PPH’s animal fat processing options will enhance the company’s product portfolios. They will be able to service an even greater consumer pool with this acquisition.
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Market Drivers:
• Advancements of technologies and application of these technologies for the development of better specialty ingredients; this factor is expected to drive the growth of the market
• Rise in the levels of urban population which has resulted in individuals having more power and preference to consume convenience foods; this factor is expected to drive the growth of the market
Market Restraints:
• Presence of certain regulations and compliances regarding the safety of food products is expected to restrain the growth of the market
• Lack of knowledge regarding the presence of specialty food ingredients in the developing regions of the world is expected to restrain the growth of the market
Segmentation: Global Specialty Food Ingredients Market
By Type
• Specialty Starch & Texturants
• Sweetener
• Flavours
• Acidulants
• Preservatives
• Emulsifiers/Stabilizers
• Fat Replacers & Stabilizers
• Colorants
• Enzymes
• Cultures
• Leavening Agents
• Proteins
• Specialty Oils
• Nutritional Food Ingredients
• Yeast
By Sensory Ingredients
• Enzymes
• Emulsifiers
• Flavours
• Colorants
• Others
By Functional Ingredients
• Vitamins
• Essential Oils
• Prebiotics & Probiotics
• Minerals
• Antioxidants
• Omega 3 & 6 Fatty Acids
• Carotenoids
• Preservatives
• Proteins & Amino Acids
• Others
By Application
• Bakery & Confectioneries
• Beverages
• Dairy & Frozen Foods
• Convenience Foods
• Meat Products
• Functional Foods/Beverages
• Dietary Supplements
• Oils & Fats
• Others
By Geography
North America
• U.S.
• Canada
• Mexico
South America
• Brazil
• Argentina
• Rest of South America
Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Turkey
• Belgium
• Netherlands
• Switzerland
• Rest of Europe
Asia-Pacific
• Japan
• China
• South Korea
• India
• Australia
• Singapore
• Malaysia
• Indonesia
• Thailand
• Philippines
• Rest of Asia-Pacific
Middle East and Africa
• South Africa
• Egypt
• Saudi Arabia
• United Arab Emirates
• Israel
• Rest of Middle East and Africa
Competitive Analysis:
Global specialty food ingredients market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of specialty food ingredients market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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