The points that are discussed within the report are the major market players that are involved in the Specialty Food Ingredients market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc. The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail. Data and information by manufacturer, by region, by type, by application is given and custom research can be added according to specific requirements.
Global “Specialty Food Ingredients Market” Report 2020 contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. The Specialty Food Ingredients market growth is expected to register a CAGR of Growing rate during the forecast period. Specialty Food Ingredients Market reports offer a detailed assessment of the Specialty Food Ingredients including enabling technologies, current market scenario, market assumptions, restraining factors.
Specialty Food Ingredients Market Report covers the Top Key-players 2020:-
The global Specialty Food Ingredients market covers the vision of competitor analysis by product types, market share, applications, sales, and revenue.
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The global specialty ingredient market was valued at USD 6.57 billion in 2016 and is expected to grow at a CAGR of 6.31% during the forecast period of 2018-2023. Owing to changing lifestyles and increasing purchasing power of consumers, the demand for convenience foods is soaring. These factors have boosted the growth of the global market. Several functional advantages of specialty ingredients are influencing the market’s growth. The market has a scope for high profitability, which enables new players to enter the market.Increasing Demand for Processed and Packaged FoodThe global processed food market was valued at USD 4,601 trillion in 2016, and is anticipated to undergo significant transformations during the forecast period, owing to the direct impact of some mega trends, such as emergence of new business models, and socio-economic developments. Specialty food ingredients are a vital part of a wide range of processed foods, thereby contributing to competitiveness in the food and beverage industry. There is a strong correlation between global specialty food ingredient market and global processed food market, with the former’s application and advanced functional benefits being the key aspects.Consumers are more aware of label claims and ingredient lists and their nutrition profiles. People are taking proactive participation to enhance health and fitness in everyday life. This trend has been driving the demand for specialty food ingredients.The regulations for specialty food ingredients are strict in regions such as, Europe and the Americas. For instance, in Europe, the uncertainty in legal regulations such as, the need to change the label claim or delay in ingredient/product launch, can cause negative economic implications on the manufacturer, in terms of additional costs. The delay in providing final authorization to specialty food ingredients results in lower levels of investment and value addition. In the long run, this impacts the innovation and competitiveness in the market.Sweet and Savory Snacks Market to Grow at a Faster RateCompanies are coming up with a large variety of non-alcoholic ferments as specialty food ingredient in the beverages, like soft drinks, and malt-based juices. The non-alcoholic ferments reduce the calorie content by 50% in fruit juice at 100% fruit content. The malt-based drinks are gaining popularity in the Middle East and central Europe.With the availability of customized bakery ingredient, including non-fat dairy alternatives, liquid whole egg alternatives, and dough ingredients, which contain fat replacement properties and provide crispy texture, and more even as well as tender structure than eggs in cakes.The confectionery segment in the global specialty food ingredient market was valued at USD 3.3 billion in 2016 and is expected to grow at a CAGR of 6.8% during the forecast period. The most successful confectionery options were those featuring new, exotic flavors, and were healthy. Chips and crisps, followed by fruit and nut mixes, were the most preferred ones. The consumption rate of sweet and savory snacks is expected to rise by the launch of new specialty flavors and healthier innovations.North America Holds the Major Market Share for Specialty Food IngredientsThe market for specialty food ingredients in North America is driven by rising rates of diabetes and obesity, which is warning consumers to focus on healthier lifestyles, and thus, fueling the demand for specialty food ingredients. Though mainstream retailers account for the largest share of specialty food sales, they are growing almost at the same rate as specialty food and natural food stores. In Europe, the focus is on low-saturated fats and there is a nascent movement to impose taxes on their consumption (with mixed results, e.g. Denmark) and some discussion on plain packaging in high-fat snack categories. Increasing consumption of processed food in developing economies such as India and China, and the growing GDP are likely to drive the demand for specialty ingredients across the region.Major Players: INGREDION, CARGILL Inc., DUPONT, TATE AND LYLE, KERRY GROUP, ROYAL DSM, SENSIENT TECHNOLOGIES, GIVAUDAN, ARCHER DANIELS MIDLAND (ADM), BASF GROUPKey Developments• March 2017: DuPont will acquired substantially all of FMC Corp.’s Health and Nutrition business while FMC Corp. FMC’s Health and Nutrition business consists of two main segments of texturants as food ingredients and pharmaceutical excipients.• November 2017: Tate and Lyle focuses on three areas for North American growth in specialty ingredients. The first is to increase the market share with larger and existing customers, The second area is expanding the company’s presence in faster-growing customer channels such as private label and food service, The third is to focus on those higher growth sub-categories, which play well into our expertise in sugar and calorie reduction and fiber enrichment,Reasons to Purchase this Report• Analyzing outlook of the market with the recent trends and Porter’s five forces analysis• Market dynamics which essentially consider the factors which are impelling the present market scenario along with growth opportunities of the market in the years to come• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects• Regional and Country level analysis integrating the demand and supply forces that are influencing the growth of the market• Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years• Comprehensive company profiles covering the product offerings, key financial information,
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Finally, the report Global Specialty Food Ingredients Market 2020 describes the Specialty Food Ingredients industry expansion game plan, the Specialty Food Ingredients industry knowledge supply, appendix, analysis findings, and the conclusion.
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