+91-8668442535

Specialty Food Ingredients Market By By Ingredient (Fortified Food Ingredients, Flavors, Sugar Substitutes, Emulsifiers, Colors), By Application (Confectionery And Bakery, Diary And Beverages, Meat Products, Functional Foods) - Growth, Future Prospects And Competitive Analysis, 2016 - 2024

This report, titled "Specialty Food Ingredients Market: Growth, Future Prospects, and Competitive Analysis, 2016–2024," offers strategic insights into the trends in the specialty food ingredients market, along with the market's size and forecast for the duration of 2013–2024. The said research study incorporates an in-depth analysis of multiple market segments based on ingredient type, application, and geographical distribution.

As players develop new products to reach their full capabilities and expand internationally, the global specialty food ingredients market is becoming increasingly competitive. In addition, several players are also focused on developing niche products for the market. The rapid growth of this market has also resulted in the creation of further skilled job opportunities in major hubs spread across North America, Asia Pacific, and Europe.

Based on ingredient type, the global specialty food ingredients market is categorized into fortified food ingredients, flavors, sugar substitutes, emulsifiers, colors, and others. On the basis of application, the global specialty food ingredients market is segmented into confectionery and bakery, dairy and beverage, meat products, functional foods, and others.

The market size and forecast for all the segments considered are presented in this report for the period 2013–2024 (US$ Bn), along with their respective CAGRs for the forecast period 2016–2024 (value%%).In terms of geographical distribution, the global specialty food ingredients are studied for five major regions, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Market size and forecasts for each regional and country-level market are included in the report for the considered periods. 

Along with the quantitative information sets, this report also provides qualitative information, such as market dynamics and an executive summary, for the global specialty food ingredients market. The report also includes tools to help readers with competitive mappings, such as competition assessment and appealing investment propositions. This study concludes with a company profile section. This section includes major information about the key companies engaged in the development and provision of specialty food ingredients.

On the basis of application, the specialty food ingredients market is categorized into the following types:

  • Confectionery and bakery
  • Dairy and beverages
  • Meat products
  • Functional Foods
  • Others

The increasing rate of obesity and diabetes in developing and developed countries is prompting people to place a high emphasis on health, resulting in a higher demand for wellness-related ingredients from food companies. The specialty food ingredients market is also segmented on the basis of application, such as confectionery and bakery, dairy and beverages, meat products, functional foods, and others. In 2015, functional foods contributed the most to the total revenue of the specialty food ingredient market.

The segment is expected to expand at a stupendous compound annual growth rate over the forecast period. The growth and prosperity in developing countries such as China and India have led to rising personal disposable income and the ability to spend on various products. Rising demand for flavors and colors in specialty food ingredients is expected to impel the growth of the bakery and confectionery segment over the forecast period.

On the basis of ingredient type, the specialty food ingredients market is categorized into the following ingredient types:

  • fortified food ingredients
  • Flavors
  • Sugar substitutes
  • Emulsifiers
  • Colors
  • Others

The changing trend towards health food products showcases the enhanced purchasing power of consumers, ultimately providing a robust opportunity for food and beverage companies to increase their market share in such food products. The specialty food ingredients market is also segmented on the basis of ingredient types, such as fortified food ingredients, flavors, sugar substitutes, emulsifiers, colors, and others. Among these, the fortified food ingredients segment contributed the greatest share of the specialty food ingredients market's total revenue in 2015.

The segment is expected to expand at an exponential compound annual growth rate over the forecast period due to increasing demand for nutraceutical products, which is anticipated in the next few years. The flavors and colors segment is anticipated to observe robust growth over the forecast period. This is due to the rising demand for specialty food ingredients in the bakery industry.

On the basis of geography, the global specialty food ingredients market is segmented into the following categories:

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • U.K.
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • Rest of Asia Pacific
  • Middle East and Africa (MEA)
  • GCC
  • Rest of the Middle East and Africa
  • Latin America (LATAM)
  • Brazil
  • Mexico
  • rest of Latin America

Urbanization, along with changes in lifestyle and food habits, is intensifying packaged and processed food demand all across the globe. This is anticipated to impel the growth of the specialty food ingredients market over the forecast period. The global specialty food ingredients market is segmented on the basis of geography.

North America contributed the highest revenue share in the total specialty food ingredients market, with a contribution of more than 40% in 2015. The rising popularity of processed food in the U.S. has strengthened the growth of the region over the past few years. Following it, Europe finished second that year. Asia Pacific is anticipated to expand at a robust CAGR over the forecast period and is likely to expand at a higher CAGR till 2024 due to rising personal disposable income and increasing health awareness.

Frequently Asked Questions:

The market for Specialty Food Ingredients Market is expected to reach US$ 106.3 Bn By 2024.

The Specialty Food Ingredients Market is expected to see significant CAGR growth over the coming years, at 5.9% .

The report is forecasted from 2016-2024.

The base year of this report is 2015.

Tate and Lyle Plc., E.I. DuPont de Nemours and Company, Cargill Inc., Advanced Food Systems Inc., Royal DSM are some of the major players in the global market.

Choose License Type
Trusted By
Godaddy
Published Date:  Jan 2017
Category:  Food & Beverage
Report ID:   58314
Report Format:   PDF
Pages:   120
Rating:    4.5 (70)
Delivery Time: 24 Hours to 48 Hours   
Connect With Us
+91-8668442535
24/7 Research Support