Specialty Food Ingredients Market

Specialty Food Ingredients Market: North America will Remain Largest Market for Specialty Food Ingredients: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017 - 2022)

  • 2017-09-04
  • REP-GB-4800
  • 170 pages
  • PDF PPT EXCEL
Specialty Food Ingredients Market

An Incisive, In-depth Analysis on the Specialty Food Ingredients Market

This study offers a comprehensive, 360 degree analysis on the Specialty Food Ingredients market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Specialty Food Ingredients market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Specialty food ingredients are utilised by the food & beverage industry for enhancing the taste and flavour of the processed food. Specialty food ingredients preserve the texture, emulsify, add benefits in processing, add superfluous edge health dimension, and enhance colour of the produced food. Health, technological, and nutritional related functions of these ingredients make the diet tasty, safe, affordable, healthy, and pleasant for consumption.

Development of Novel Technologies have Increased Popularity of Specialty Food Ingredients

Specialty ingredients are the imperative products, which guarantee the wellbeing of a wide range of processed food, performing various functional activities, and enhancing the taste and diet quality of food products. Apart from these benefits, specialty food ingredients reduce downstream losses, along with the value chain, on the back of their extremely effective impact at the time of processing and storage of food. This further enhances the efficiency of resource. Development of novel technologies, for example – decaffeination of coffee beans, which reduces gastro-oesophageal reflux in healthy people as well as patients, have increased the popularity of these ingredients. Various organic technologies have been formulated to process the ingredients, flavour components, processing aids, nutritional supplements, and reagents. A major trend being witnessed in the market is shifting consumer demand for organic food. The aforementioned factors might impact the market growth in the near future.

The global specialty food ingredients market driven by an uproar for convenience foods, by the increasing urban population, along with their rising purchasing power and changing lifestyles. In addition, continuously changing dietary preferences, owing to health problems such as obesity and diabetes, are making consumers to adopt specialty foods. Several companies in the market are entering into aggressive mergers & acquisitions for enhancing their product portfolios and catering to changing consumer preferences. Multinational companies are acquiring medium-sized industries, which specialise in technologies but lack in funds for expansion. These factors might further drive growth of the market in the long run. Growth of the market is expected to be hindered on the back of factors such as stricter regulations and legislatives concerning food safety and shelf-life of food products.

A new report by Future Market Insights (FMI) states that the global market for specialty food ingredients is expected to register a steady growth during the forecast period 2017 to 2022. Revenues from the global specialty food ingredients market are expected to reach nearly US$ 85,000 Mn by 2022-end.

Enzymes to Remain Most Lucrative Specialty Sensory Ingredient in the Market

Based on specialty sensory ingredients, enzymes will remain the most lucrative, with sales poised to surpass US$ 20,000 Mn by 2022-end. Sales of emulsifiers and colorants are expected to witness a close competition in terms of revenues, exhibiting similar CAGRs through 2022. Sales of flavors will register the fastest expansion through 2022.

Although minerals are estimated to remain preferred specialty functional ingredients in the market, sales of preservatives are expected to register the highest CAGR through 2022. In contrast, sales of vitamins will register the lowest CAGR through 2022.

Bakery & Confectionaries – Largest Application Segment in the Market

Bakery & confectionaries will continue to be the largest application of specialty food ingredients in the global market, followed by convenience food. However, sales of specialty food ingredients for application in meat products, and functional food/beverages/dietary supplements will register a relatively higher CAGR through 2022.

North America is estimated to remain the largest market for specialty food ingredients, with sales poised to account for approximately US$ 24,000 Mn by 2022-end. Asia-Pacific excluding Japan is projected to be the fastest growing market for specialty food ingredients.

In a new research titled, “Specialty Food Ingredients Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2022)”, our analysts have focused on key strategies adopted by market players across the assessed regions. The global specialty food ingredients market is a highly competitive market, primarily characterized by regional and multinational industries operating across the globe. Multinational players, who provide a variety of specialty food ingredient products, account for a significant share of the global market. North America is on the radar of multinational companies owing to a relatively higher consumption of specialty food ingredients in the region.

Market Overview:

The primary objective of the report is to offer key updates about the global specialty food ingredients market, by tracking advancements based on market consolidation and market expansion. Analysis of data across different parameters has enabled the provision of an insightful forecast on future expansion of the market. Our report begins with an executive summary, enlisting highlights covering expansion of the market across various regions. This chapter also renders historical data about the market growth over 2012 to 2016. Advancing with the market introduction, the report assesses key aspects that govern the market dynamics currently.

Market Taxonomy:

Region

Specialty Sensory Ingredients

Specialty Functional Ingredients

Application

  • North America
  • Enzymes
  • Vitamins
  • Bakery & Confectioneries
  • Latin America
  • Emulsifiers
  • Minerals
  • Beverages
  • Europe
  • Flavors
  • Antioxidants
  • Dairy & Frozen Foods
  • Japan
  • Colorants
  • Preservatives
  • Convenience Food
  • APEJ
  • Others
  • Others
  • Meat Products
  • MEA
   
  • Functional Foods/ Beverages/ Dietary Supplements

 

 

 

  • Oils & Fats

 

 

 

  • Others (includes Savory snacks, Sauces, Dressings & Condiments )


Market Segmentation

In this chapter, the report provides analysis on key segments mentioned in the taxonomy of specialty food ingredients market. The categories, on the basis of which the market has been segmented, include specialty sensory ingredients, application, specialty functional ingredients, and region. Extending forward, the report also offers definitions on abbreviations and terminologies used throughout the report.

Market Dynamics

A distinctive chapter on dynamics of specialty food ingredients market has also been included in the report. Factors governing the riptides of the specialty food ingredients market have been addressed by gauging their impacts on expansion of the market. A comprehensive analysis about cost structure and pricing of specialty food ingredients has also been compiled in this report. In order to assist this chapter, our report also offers profitability margins related to sales of specialty food ingredients, delivering an integrated value chain assessment. Following this chapter, this report provides details about sourcing strategies adopted by leading manufacturers of specialty food ingredients, and also profiles participants in the market based on their presence across the globe.

Key chapters of the report depict a segmentation analysis and forecast on the aforementioned segments, along with cross-sectional analysis to evaluate the market around different countries and regions. FMI’s report on specialty food ingredients market concludes with competition tracking of predominant manufacturers, coupled with mergers & acquisitions, product developments, regulatory undertakings, involving these manufacturers. The scope of the report by Future Market Insights (FMI) on the global specialty food ingredients market is to analyse and render an unbiased prognosis on transformation of the market during the forecast period.

Specialty Food Ingredients Market Reports - Table of Contents

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