Specialty Food Ingredients Market Research Report

 Growth opportunities in the specialty food ingredients market look promising over the next six years. This is mainly due to the strong demand for fortified food products, the constant technological advancement, and new technologies.

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Specialty Food Ingredients Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The vigorous demand for fortified food products throughout the world is one of the key drivers fuelling the growth of global specialty food ingredients market size. The fortified food products use different functional food ingredients like plant extracts, amino acids, vitamins, minerals, and antioxidants. With the worldwide expansion in chronic diseases and micronutrient deficiencies, people are slowly inclining towards healthier diet patterns to reduce the chances of contracting these diseases. According to WHO, 1.9 adults were found to be obese or overweight, and 462 million to be underweight in 2020. Also, nearly about 45% of deaths among children under five years is directly connected with undernourishment. Thereby, the surging ratio of health-conscious population accompanied by the increasing middle class, especially in developing nations, are the two factors stimulating the market growth. Specialty ingredients are important products that aid in fueling the well-being of several processed food items. Various ingredients, including fats, carbohydrates, fibers, and some specific proteins, execute enormous functional activities, which enhance the diet quality.

Furthermore, the ongoing technological developments is another factor driving the market growth. The execution of new technologies like decaffeination of coffee beans reduces the gastro-oesophageal reflux in patients and health-conscious individuals, will further boost the market demand for functional ingredients. Also, the augmenting usage of specialty food ingredients in many end-use industries will pave the way for significant growth opportunities in the market. The food processing ingredients are progressively emulsifiers, primarily in bakery products, convenience food, dairy & frozen desserts, and meat products. This is a crucial driver that will propel the growth of the Specialty Food Ingredients industry.

Regional Drivers

Based on the regional coverage, Asia-pacific is predicted to lead the market over the forecast period. China has one of the prime food processing industries and the largest processing and specialty ingredients manufacturing companies. The significant switch in the consumption habits of the individuals has uplifted them to choose healthy food and beverage options. This factor has resulted in an escalation in demand for functional food ingredients, including sugar substitutes, specialty enzymes, proteins, and other ingredients. Also, the millennial population is largely opting for immunity-boosting food and beverage products, which is accelerating the market growth.

Specialty Food Ingredients Market’s leading Manufacturers:

  • HANSEN
  • Sensient Technologies Corporation
  • GIVAUDAN
  • Kerry
  • Tate & Lyle
  • Ingredion Incorporated
  • Cargill, Incorporated
  • ADM
  • DuPont
  • DSM

Specialty Food Ingredients Market Segmentation:

Segmentation by Type:

  • Functional Food Ingredient
  • Specialty Starch and Texturant
  • Sweetener
  • Preservative
  • Colorants
  • Enzymes
  • Others

Segmentation by Applications:

  • Beverages
  • Sauces, Dressings, and Condiments
  • Bakery
  • Dairy
  • Confectionery
  • Processed Food
  • Others

Segmentation by Region:

  • North America
    • United States of America
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.

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