(Food-Beverage-News.Com, January 17, 2018 ) Specialty food ingredients are used by food and beverage industry to enhance taste and flavor to the processed food. They help in enhancing shelf-life, stability and texture of the food products. They are majorly sold to food processing industry including large food manufacturing companies as well as medium-sized companies.
The market for Specialty Food Ingredients is mainly driven due to uproar for the convenience foods which is mainly due to increasing urban population coupled with rising disposable income level which have resulted in changing lifestyle and the purchasing power of the consumer. Also, changing dietary preferences due to health issues like diabetes and obesity, is making the consumers shift to healthy Specialty foods. But, the market growth can be constrained due to stricter legislatives and regulations with respect to food safety and shelf-life.
Global market for Specialty Food Ingredients is segmented based on Ingredients and Application. By ingredients, the market is further sub-segmented into Functional Food Ingredients, Sugar Substitutes, Flavors, Specialty Starches, Acidulants, Preservatives, Emulsifiers and Colors, Enzymes, F&B Starter cultures, Nutraceuticals. By Application, the market is further sub-segmented into Bakery & Confectionery, Beverages, Dairy & Frozen foods, Convenience foods, Meat Products & Functional Foods and Beverages, Dietary Supplements. Functional Food Ingredients segment dominate the market with largest share and demand, while, Nutraceuticals segment is escalating in the market with high CAGR.
Geographically, Global market for Specialty Food Ingredients is segmented into North America, Asia Pacific, Latin America, Europe, and Middle-East and Africa. North America is the biggest market in terms of market share across the globe, followed by Europe. With high organized retail penetration, U.S. and U.K. are seen as saturated markets for processed foods. With huge percentage of population suffering from obesity and diabetic risks, there is demand for functional foods and specialty food ingredients. The Specialty Food Ingredients market in the Asia-Pacific region is projected to grow at the highest CAGR, which is greatly due to economic growth and the shift of the preferences of the consumers towards value added food. Brazil, India, China with their economic growth, are most potential markets.
Archer Daniel Midland, Royal DSM N.V., Kerry Groups, Cargill Inc., E. I. DuPont de Nemours and Company, Givaudan Flavors, Sensient Technologies, CHR. Hansen, Ingredion Incorporated, and Tate & Lyle PLC are the major players of Global Specialty Food Ingredients market.
Scope of Specialty Food Ingredients Market:
ยท Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
ยท Segment-level analysis in terms of Ingredients and Application along with market size forecasts and estimations to detect key areas of industry growth in detail
ยท Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
ยท Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
ยท Study the micro environment factors that determine the overall profitability of an Industry, using Porter's five forces analysis for analysing the level of competition and business strategy development
ยท A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
ยท Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
ยท An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
ยท Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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