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Specialty Ingredients Market Figures and Analytical Insights 2019 – 2022

Shift in consumer focus towards organic products coupled with growing demand for anti-ageing and environmental defense skin care products is expected to drive the global specialty ingredients market over the forecast period. The Global Specialty Ingredients Market is expected to reach USD 141.12 billion by 2022, according to a new report by Grand View Research, Inc.


Increasing preference for healthy and nutritional diet and enhancing growth of high quality pharmaceutical drugs is also expected to have a positive influence on the market growth.

Food and beverages dominated the global industry on account of high demand for various beverages, supplements and nutritional dietary products across the globe. Food & beverage industry is expected to experience advancement owing to increasing demand for organic items coupled with high-quality and customized requirements by population over the forecast period. Changing lifestyle has also enhanced preference for nutritional goods which in turn is expected to drive global revenue for functional specialty food ingredients.

On the basis of product, pharmaceutical sector can be further segmented into active and inactive. More than 90% of pharmaceutical segment was dominated by active ingredients owing to its importance in drug development. The product segment is expected to witness the highest growth over the next six years.

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Rising prevalence of skin diseases/problems owing to harmful UV rays and other environmental particles are also driving need for efficient and organic constituents. Therefore, personal care segment is expected to witness the highest growth of 5.7% over the forecast period.

Top Players of Specialty Ingredients Market:

Key manufacturers operating in the global specialty ingredients market include Ashland Inc., Archer Daniels Midland, Naturex, Inolex, Frutarom and DuPont.

Market Segmentation of Specialty Ingredients Market:

The Global Specialty Ingredients Market segmented on the basis of Application and Region.

By Application:

    Food & Beverage
        Sensory
        Functional
    Pharmaceutical
        Active
        Inactive
    Personal Care
        Active
        Inactive
    Animal Feed
        Feed additives
        Functional feed ingredient
        Premixes

By Region:

    North America
    Europe
    Asia Pacific
    Middle East and Africa
    Central & South America

Inquire about Specialty Ingredients Market with Our Experts @ https://www.grandviewresearch.com/inquiry/2810
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