Specialty Food Ingredients Market Key Players: Cargill Incorporated, ADM, DuPont, Ingredion, Kerry Group, DSM, Chr. Hansen, Sensient technology corporation, Tate & Lyle, Givaudan, Biocatalysts, Omega Protein, Enzyme Supplies

The global specialty food ingredients market is estimated to be valued at USD 148.2 billion in 2022. It is projected to reach USD 196.2 billion by 2027, recording a CAGR of 5.8% during the forecast period. Specialty food ingredients have technological and/or functional benefits and are essential in providing today's consumers with a wide range of tasty, safe, healthy, affordable, qualitative, and sustainably produced food. They form a key segment in the European food industry that is used in many consumer foods and have consequently become part of our daily life.

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Several developments have been made over the past few decades in the field of specialty food ingredients. The global demand for specialty food ingredients is on the rise in the food & beverage and health supplement industries governed by the performance, quality, and functionality of these ingredients. Increasing demand for specialty food ingredients in the food & beverage industry is one of the main factors supporting market development significantly.

"The rise of the UK's organized retail sector has triggered the demand for packaged and ready-to-eat meals."
The UK, Germany, France, Spain, Italy, and Russia are among the established markets for food acidulants in Europe. The increase in concerns regarding food preservation and the functional benefits offered by acidulants to preserve food for a prolonged period are the key factors that are projected to support the market growth in Europe. The use of acidulants, such as lactic acid, is approved as an 'extra' safety tool to reduce and trace microbial contamination on bovine carcasses by the European commission is projected to support the usage of such food acidulants. The increase in demand for convenience food products due to the busier lifestyle in European countries is the key factors that are projected to drive the growth of the acidulants market in the region.
"An increase in population, a rise in demand for convenience food products, and a surge in disposable income are the key driving factors for the growth of dairy industry".

Dairy products include milk-based products such as butter, cheese, flavored milk, and yogurt. This market is a potential growth sector for natural food flavors. Flavors enhance the taste of dairy products such as cheese, yogurt, and flavored milk. Antioxidant-rich berries, super-powders, teas, medicinal mushrooms, and components with healthy fats are among the popular flavors. The production of pure organic dairy products is now possible due to natural and certified organic flavors. Certified flavors play an important role in dairy products. However, the stabilities of certified flavors during their application are where the challenge lies for manufacturers. The dairy industry is also seeing an increase in the demand for functional additives and clean-label flavors. This was always well-known, but the pandemic has made it much more so. Many people want to buy clean-label items that are free of artificial flavors and colorings.

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"The growth of the dairy industry and increasing awareness about the quality of bakery, processed food and dairy products drive the demand for food emulsifiers in the region."
Brazil and Argentina are the major markets for food emulsifiers in South America, due to the increasing consumption of bakery and dairy products and export opportunities, particularly in the rapidly growing European market. The increase in the production of dairy products in Brazil, due to the increasing middle-class population, has led to a surge in demand for improved quality food.
The rising demand for food emulsifiers in Argentina is attributable to the rising disposable income, increasing awareness about better-quality products, and high demand for healthy foods in the country. Increasing demand for packaged and processed food in Argentina drives the food emulsifiers market in the country. The market in Rest of South America is projected to grow at a steady pace in the coming years as countries are witnessing a growing base of food processing units for the production of various food products, including bakery, confectionery, and dairy products.

The break-up of Primaries:
• By Company: Tier 1 - 40%, Tier 2 - 35%, Tier 3 - 25%
• By Designation: Managers-25%, D-Level- 30%, and C-Level- 45%
• By Region: Europe - 30%, Asia Pacific - 35%, North America - 25%, RoW - 10%

Leading players profiled in this report:
• Cargill Incorporated (US)
• ADM (US)
• DuPont (US)
• Ingredion (US)
• Kerry Group (Ireland)
• DSM (Netherlands)
• Chr. Hansen (Denmark)
• Sensient technology corporation (US)
• Tate & Lyle (UK)
• Givaudan (Switzerland)
• Biocatalysts (UK)
• Omega Protein (US)
• Enzyme Supplies (UK)
• FDL Ltd (UK)
• Nutriati (US)
• Crespel& Dieters (Germany)
• Axiom Food (US)
• Amano Enzymes (Japan)
• Amco proteins (US)
• Aminola (Netherlands)

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Research Coverage:
The report segments the specialty food ingredients market on the basis of type, application, distribution channel, and region. In terms of insights, this report has focused on various levels of analyses-the competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments of the global specialty food ingredients, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.

Reasons to buy this report:
• To get a comprehensive overview of the specialty food ingredients market
• To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
• To gain insights about the major countries/regions in which the specialty food ingredients market is flourishing

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