According to the report Specialty Food Ingredients Market published by Market Data Forecast, the global market is projected to reach USD 68.11 billion by 2021, at a CAGR of 5.75% from 2016 to 2021.
Specialty Food ingredients are added to enhance taste and flavor to the processed food items. They help in enhancing shelf-life, stability and texture of the food products. They are used by food and beverage industry in order to be able to meet customer’s demands owing to their unique features including processing aids, coloring, preservation, emulsification and nutritional enhancement.
The market for Specialty Food Ingredients is mainly driven due to changing consumer consumption trends towards health and wellness food products, increase in demand for personal care products, and increasing per capita revenue in emerging economies. But, the market growth can be constrained due to factors like food security concerns, regulations, limited raw material accessibility, expenditure and scientific barrier.
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Global market for Specialty Food Ingredients is segmented based on Ingredient and Application into further sub-segments as follows:
- Functional Food Ingredients
- Sugar Substitutes
- Specialty Starches
- Emulsifiers and Colors
- F&B Starter cultures
- Bakery & Confectionery
- Dairy & Frozen foods
- Convenience foods
- Meat Products & Functional Foods and Beverages
- Dietary Supplements
3)Geographically, the market for Specialty Food Ingredients is segmented as below:
- North America
- Latin America
- Middle-East and Africa
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Archer Daniel Midland, Royal DSM N.V., Kerry Groups, Cargill Inc., E. I. DuPont de Nemours and Company, Givaudan Flavors, Sensient Technologies, CHR. Hansen, Ingredion Incorporated, and Tate & Lyle PLC are the major players of Global Specialty Food Ingredients market.
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