A strong innovation-driven and science-based position in the process of the food chain makes the specialty food ingredients a major contributor to the food and beverage sector, especially in North America. Additionally, these foods are of high-quality and are used for the production of high-value food products with improved production value, shelf life, and improved taste. Owing to this, the IndustryARC’s analysts’ evaluated the global specialty food ingredients taste market share to be $43 billion in 2018. And, the propelling opportunities are expected to grow the market at a CAGR of 6% during the forecast period 2019-2025.
The IndustryARC’s latest business intelligence report titled “Specialty Food Ingredients Market: By Type (Flavors, Acidulant, Colors, Enzymes, Emulsifiers/Stabilizers, Food Preservatives and Others); By Application (Bakery & Confectionery, Dairy Products, Meat Products, Savory & Salty Snacks, Beverages and Others); &By Geography Forecast (2019-2025),” states that specialty food ingredients confer various functional and technological benefits such as safety, quality, affordability, deliciousness, and nutrition of the processed food products. And, the growth of the market is considerably dependent on the sustainability of processed food products. These food ingredients meet the consumers demand with their exceptional features such as coloring, preservation, nutritional enhancement, and emulsification. Moreover, for developing innovating specialty food ingredients, few emerging countries have been spending lately on R&D.
Specialty Food Ingredients Market: Leading Segments
North America accorded the largest regional specialty food ingredients market share of 36% in 2018. Owing to the growing concerns regarding the splendid capacity of production, and healthier food habits in countries such as the United States and Canada. The demand is burgeoning in North America, owing to the growing health problems such as obesity and diabetes which is influencing the consumers to focus more on a healthy life.
On the other hand, the key application cited by the IndustryARC’s analyst is in bakery and confectionery. Due to the higher demand for flavors, emulsifiers, and colors various products such as bread, pastries etc., are strengthening the market. Owing to immense use in bakery and confectionery, the specialty food ingredients market is predicted to observe growth at a CAGR of 5.80% through to 2025.
Specialty Food Ingredients Market: Growth Drivers and Market Trends
Innovative product offerings make it a necessity for the manufacturers to use the specialty food ingredients for their customized and functional value addition as per the ultimate consumers’ preference. This trend has been driving the growth of the specialty food ingredient market.
The growing end-user industries such as bakery and confectionary, and functional food and beverages are nourishing the growth of the special food ingredients market. The change in lifestyle of the people and inclination towards the taste and preference and healthy food is influencing the market growth.
Another up surging trend in the specialty food ingredients market is the incorporation of vitamins and antioxidants in food supplements and edible oils in order to enhance the nutritional value of the food items.
The growing population is converting themselves to plant-based specialty food ingredients consumers, owing to the increasing consumption of organic and vegan food. Moreover, the prevalent issues regarding wellness and health are driving the growth for plant-based specialty food ingredients market.
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Specialty Food Ingredients Market: Competitive Landscape
Some of the key companies identified in the report that are currently holding majority shares in the global specialty food ingredients market are Cargill, Incorporated, CHR Hansen Group, Koninklijke DSM N.V., The Archer Daniels Midland Company, E. I. Du Pont de Nemours and Company, Kerry Group, Ingredion Incorporated, Tate & Lyle, Naturex S.A., and Prinova Group LLC.
Specialty Ingredients Market
What can you expect from the report?
The Specialty Food Ingredients Market is Prepared with the Main Agenda to Cover the following 20 points:
1. Specialty Food Ingredients Market Size by Product Categories & Application
2. Specialty Food Ingredients Market trends & Relevant Market Data
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End-user Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Specialty Food Ingredients Market Demand Analysis (Revenue & Volume)
12. Country-level Analysis
13. Competitor Analysis
14. Specialty Food Ingredients Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Specialty Food Ingredients Market Strategic Analysis
18. Specialty Food Ingredients Market Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Specialty Food Ingredients Market Revenue and Volume Analysis
Frequently Asked Questions:
Q. Does IndustryARC publish country or application based reports in specialty food ingredients market segment?
Answer: Yes, we do have separate reports as mentioned below:
1. Central America Specialty Food Ingredients Market (2018-2023)
Q. Does IndustryARC provide customized reports and charge additionally for limited customization?
Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
1. Increase the level of data in application or end user industry.
2. Increase the number of countries in geography chapter.
3. Find out market shares for other smaller companies or companies which are of interest to you.
4. Company profiles can be requested based on your interest.
5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.
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