Press release
Specialty Ingredients Market Driven by augmented demand for anti-aging products
Browse Market Research Report @ http://www.transparencymarketresearch.com/specialty-ingredients-market.html
The report states that the market is being driven primarily by factors such as the rising demand for specialty ingredients in personal care products, the rapidly expanding food and beverages industry, and the rising awareness about health and nutrition. Major vendors in the market are introducing a wide range of specialty ingredients, which are finding vast usage for purposes such as preserving freshness, nutrients, and flavor of food products. The rapidly rising set of specialty ingredients used in personal care products is also significantly benefitting the global specialty ingredients market.
Some other factors that are expected to influence the overall development of the global specialty ingredients market are the changing food-related choices of the global population, increasing disposable incomes, changing demographic profiles of consumers, and healthy economic growth of regional markets.
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The report segments the global specialty ingredients market on the basis of two criteria: application and geography. Of these, North America led the global specialty ingredients market in 2014 in terms of revenue. The regional market is also expected to retain its dominance over the report’s forecast period owing to the rising demand for natural ingredients in health and wellness, cosmetics, and food products in the region.
Transparency Market Research announces the publication of a new research report on the global specialty ingredients market. According to the report, the global specialty ingredients market will grow at a 6.60% CAGR during the period between 2015 and 2021. The report, titled ‘Specialty Ingredients Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021’, states that the global specialty ingredients market stood at US$205.2 bn in 2014 and will reach US$320.6 bn by 2021.
Some of the key vendors in the market profiled in the report are Naturex S.A., Archer Daniels Midland Co., Koninklijke DSM N.V., Ingredion Incorporated, CHR. Hansen Holding A/S, Ashland Inc., E. I. du Pont de Nemours and Company, and Cargill Inc.
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