Global specialty food ingredients market valued at US$57.24B in 2012, forecast to have value of US$80.32B by 2018, according to report
April 25, 2014
– The report "Specialty Food Ingredients Market by Type (Flavors, Colors, Texturants, Preservatives, Sweeteners, Nutraceuticals, Starches, Cultures, Acidulants) & by Application (Bakery & Confectionery, Dairy, Beverages, Meat Products) - Global Trends & Forecast to 2018", defines and segments the specialty food ingredients market with an analysis and forecasting of the market value of types of specialty food ingredients and its applications. The report also identifies the driving and restraining factors for the global market with an analysis of trends, opportunities, winning imperatives, and challenges. The market is segmented and values are forecasted on the basis of major regions, such as North America, Europe, Asia-Pacific (APAC), and Rest of the World (ROW).
Browse more than 82 market data tables 66 figures spread through 342 pages and in-depth TOC on "Specialty Food Ingredients Market - Global Trends & Forecast to 2018"
Early buyers will receive 10% customization on this report.
According to the report published by MarketsandMarkets, the Specialty Food Ingredients Market was valued at $57,243.4 million in 2012 and is estimated to grow at a healthy CAGR. In 2012, North America led the global market with the largest share followed by Europe in terms of market value.
Specialty Food Ingredients equip the food products with clinically proven health benefits. Research is being undertaken to come up with innovative specialty food ingredients which can be used in different food and beverage applications. Deskbound lifestyles along with elevated awareness for low fat and healthy food worldwide are driving the market for new product lines. These product lines benefit from the multi-functionality of these ingredients.
The Specialty Food Ingredients Market globally benefits from numerous underlying global consumer trends. The consumer trends like ease of use, health and wellness, and clean label influence the overall market. The ease of use trend is due to the rapid urbanization in emergent markets. Consumers today, demand healthier ingredients in their food products. The growing obesity and diabetes incidences compel consumers in emerging and developed economies to focus on an improved lifestyle.
The North American market is expected to show a steady growth trend, mainly due to the progress in the processed food industry owing mainly to the increase in demand for healthy food. The healthier eating habits provide the much needed impetus to the European specialty food ingredients market. Asia-Pacific is estimated to grow with the fastest CAGR during the period under review. The four most potential countries for the Specialty Food Ingredients Market are India, China, Russia, and Brazil which are poised to exhibit the fastest growing trend.
The Specialty Food Ingredients Market consists of various stakeholders, such as raw material producers, suppliers, ingredient processors, distributors, and end-use manufacturers such as food and beverage industries. The companies enjoying substantial market share are Cargill Inc. (U.S.), Chr. Hansen (Denmark), Royal DSM N.V. (The Netherlands), Tate and Lyle (U.K.), and DuPont (U.S.). The major players hold the largest market share in the total Specialty Food Ingredients Market thereby depicting a large number of competitive companies in the industry. The key players in the industry are launching new products and increasingly expanding in emerging economies to gain market share.
The report also touches on various other important aspects of the market. It includes an analysis of the competitive landscape and SWOT. In addition, 10 key players of this market have been profiled.
Browse related reports
Starch Derivatives Market by Type (Maltodextrin, Cyclodextrin, Glucose Syrup, Hydrolysates And, Modified Starch) & by Application (Food & Beverage, Feed, Paper, Cosmetics, Pharmaceutical, Bioethanol And Other Industrial Applications) - Global Trends & Forecast To 2019
Starter Culture Market by Type (Yeast, Bacteria, Molds), Application [Alcoholic Beverages (Beer, Wine, Whisky), Non-Alcoholic Beverages (Dairy-based, Cereal-based, Kombucha)] & Geography - Global Trends & Forecast to 2018
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.