Specialty Food Ingredients Market Size and Forecast to 2025

1. Global Specialty Food Ingredients Market foreseen to cross USD 121 billion by 2025 Market overview: The global Specialty Food Ingredients Market was worth USD 79.81 billion in 2019, and it is estimated that it will reach a valuation of USD 121.6 billion by 2025 at a CAGR of 6.2% during the conjecture period. Specialty Food Ingredients are ingredients that are commonly used to emulsify, color, texture, and preserve foods. They provide the relevance needed to facilitate total blending from farm gate level to the final stage of value-added processed foods. Specialty food ingredients provide technical and functional benefits that play an essential role in the development of a variety of qualitative, safe, healthy, tasty and affordable foods. Specialty food ingredients are synthesized naturally or artificially. Recent developments: In March 2019, materials supplier Ingredion Incorporated announced that it had acquired Western Ploymer, a company that supplies high-quality starch products. In April 2019, Cargill Incorporated announced that it would acquire Smet, a Belgium-based chocolate supplier, for its global gourmet chocolate business, expanding its portfolio of products and services. Market Drivers and Restrains: The growing urban population, coupled with rising levels of disposable income, is increasing the penetration of packaged and convenient food products, thus increasing the demand for specialty food ingredients. New trends in food processing technology and the rapidly evolving processed food manufacturing industry are attracting new players to invest in new product development. Global specialty food ingredients market growth is expected to improve within the forecast period as preference for convenience foods increases along with the growing workforce in developing countries. Additionally, rising rates of diabetes and obesity in developed and developing countries are prompting consumers to focus more on healthier lifestyles and increasing demand for health and wellness

2. ingredients from manufacturers of food and drinks. Changes in consumer trends for health and wellness foods show an increase in individual purchasing power. This provides ample growth opportunities for food manufacturing companies to expand the health food market. To know more read: https://www.marketdataforecast.com/market-reports/specialty-food- ingredients-market Report is segmented as: By type of product, the market is segmented into emulsifiers, enzymes, colorants, aromas, antioxidants, minerals, vitamins and preservatives. Colors and fragrances are the fastest growing sectors with high consumption rates. By application, the market is segmented into functional foods, dairy and frozen foods, bakery and confectionery, beverages, meat products, convenience foods, and dietary supplements. The beverage industry is the second largest segment and is expected to grow at a significant CAGR over the forecast period. Geographical Segmentation: North America has the largest market share in the global specialty food ingredients market, followed by Europe and Asia Pacific. North America is expected to dominate the world market during the forecast period due to increased consumption of processed foods in the United States and Canada. Healthy eating is expected to boost the European market for specialty food ingredients. However, the Asia Pacific region is expected to show the highest growth going forward. The emerging markets of China, India and Brazil are expected to further revitalize the global market for specialty food ingredients. Key market players: Some of the leading companies operating in the specialty food ingredients market are Kerry Group Plc., Cargill Inc., Cambrian Solutions Inc., EI Dupont De Nemours and Company, Advanced Food Systems Inc., Ingredion Incorporated, Specialty Commodities, Koninklijke DSM NV, Sensient Technologies Corporation, and Tate & Lyle.

3. View sample and decide: https://www.marketdataforecast.com/market-reports/specialty-food- ingredients-market/request-sample Scope of the report: The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated. The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity. What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast

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