Shift in consumer preferences towards environment-friendly and natural products has forced the ingredient manufacturers to focus more on research & development of naturally extracted, with minimum processing and nutrient rich ingredients.
The U.S. Ingredients Market is anticipated to reach USD 42.6 billion by 2025, according to a new report by Grand View Research, Inc.
The U.S. Ingredients Market is anticipated to reach USD 42.6 billion by 2025, according to a new report by Grand View Research, Inc.
To fulfill the evolving product demand along with compliance to stringent regulatory frameworks in the U.S., manufacturers have been focusing majorly in technological development, such as the enzyme-catalyzed technology. The main advantage of this process is that it produces minimal wastage during product processing.
Another instance would be introduction of the micro-encapsulation technology, a novel process designed and triggered for the enhancement of constituents’ shelf-life and influence of these products on the finished products.
The regulatory trends are more favorable for the natural and green ingredients in comparison to the synthetic ones. The major concern in the region is regarding the formulation process of organic raw materials with the minimal utilization of petrochemicals, adhering to the regulatory requirements.
To Know More About U.S. Ingredients Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/us-ingredients-market
The industrial ingredients were the largest end-use category in 2015 and is expected to grow at a CAGR of over 4.0% from 2016 to 2025. Significant requirements from metalworking fluids, specialty coatings, and lubricant additives sectors have contributed to the market penetration in the sector.
Top Players of U.S. Ingredients Market:
Key players including BASF, DuPont, PPG Industries, Sherwin Williams, Arkema, Evonik and Ashland Inc. account for approximately 48% of sales value in the region.
Some of the recent launches in the market include BASF’s 10% Beta Carotene Colorant, a novel ingredient for nutrition-rich, food & beverage end use products. The company has developed this product specially targeting formulators that are in search for a replacement for Azo dyes yellow 5 and 6 in soups, beverages, and nutrition & confections products.
Market Segmentation of U.S. Ingredients Market:
The U.S. Ingredients Market segmented on the basis of End-Use.
By End-Use:
Packaged food & bakery
Homecare
Personal care
Industrial
Others
Inquire about U.S. Ingredients Market with Our Experts @ https://www.grandviewresearch.com/inquiry/4086
Comments
Post a Comment