The industry is anticipated to grow substantially over the forecast period owing to increasing application of these products in the modern processing sector to meet a wide range of demand for diverse product qualities.
The Global Specialty Food Ingredient Market is expected to reach USD 116.50 billion by 2025, according to a new report by Grand View Research, Inc.
The Global Specialty Food Ingredient Market is expected to reach USD 116.50 billion by 2025, according to a new report by Grand View Research, Inc.
There has been various value addition in process technologies which help in efficient use of specialty ingredients in finished foodstuff. One of such advancements is the twin-screw extrusion lines developed by Clextral, which help in increasing the flexibility of various constituents during processing.
Various developments in encapsulation technologies to enhance aroma and taste differentiation, mask unpleasant odor and bad tasting components, increase their bioavailability and stabilize additives; have resulted in tremendous quality improvements in finished products. This in turn has helped in the processors in meeting various consumer demands.
The regulatory scenario plays a very important role in this industry. Frequently changing regulatory framework is a matter of concern for the industry players across the entire value chain. The agenda of health issues provides various opportunities for specialty ingredient reformulation and innovation. However, this requires innovation regarding technology regarding which the novel constituents play a crucial role.
The functional specialty food ingredientsare anticipated to be the fastest growing segment over the next decade and is projected to grow at a CAGR of 5.5% from 2017 to 2025. These products help overcome various diseases and provide good health.
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Hence, the requirement of such elements is more or less homogenous globally; however, recent practices of combining functional diet and molecular nutrition might challenge the conventional paradigm shift, is expected to drive the demand over the forecast period.
Top Players of Specialty Food Ingredients Market:
Major companies actively operating in the industry in the present scenario would includeNaturex, Frutarom, KF Specialty Ingredients, Ingredion, DuPont, PPG Industries, Evonik, Kerry Group and Ashland Inc.
Market Segmentation of Specialty Food Ingredients Market:
The Global Specialty Food Ingredients Market segmented on the basis of Product and Region.
By Product:
Specialty sensory food ingredients
Enzymes
Emulsifiers
Flavors
Colorants
Specialty functional food ingredients
Vitamins
Minerals
Antioxidants
Preservatives
By Region:
North America
Europe
Asia Pacific
Central & South America (CSA)
Middle East & Africa
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