The global specialty food ingredient market is expected to reach USD 116.50 billion by 2025, according to a
new report by Grand View Research, Inc. The industry is anticipated to grow
substantially over the forecast period owing to increasing application of these
products in the modern processing sector to meet a wide range of demand for
diverse product qualities.
There has been various
value addition in process technologies which help in efficient use of specialty
ingredients in finished foodstuff. One of such advancements is the twin-screw
extrusion lines developed by Clextral, which help in increasing the flexibility
of various constituents during processing.
Various developments in encapsulation
technologies to enhance aroma and taste differentiation, mask unpleasant odor
and bad tasting components, increase their bioavailability and stabilize
additives; have resulted in tremendous quality improvements in finished
products. This in turn has helped in the processors in meeting various consumer
demands.
The regulatory scenario plays a very
important role in this industry. Frequently changing regulatory framework is a
matter of concern for the industry players across the entire value chain. The
agenda of health issues provides various opportunities for specialty ingredient
reformulation and innovation. However, this requires innovation regarding
technology regarding which the novel constituents play a crucial role.
The functional specialty food
ingredientsare anticipated to be the fastest growing segment over the next
decade and is projected to grow at a CAGR of 5.5% from 2017 to 2025. These
products help overcome various diseases and provide good health. Hence, the
requirement of such elements is more or less homogenous globally; however,
recent practices of combining functional diet and molecular nutrition might
challenge the conventional paradigm shift, is expected to drive the demand over
the forecast period.
Access Research Report of Specialty Food Ingredients Market @ http://www.grandviewresearch.com/industry-analysis/specialty-food-ingredients-market
Further key findings from the report suggest:
· Flavors are expected to be the fastest
growing sensory ingredients. This market is characterized as innovative, technical
and specialized in nature and its growth parameters include changing lifestyle
of consumers, increased demand of convenience foodstuff
· Vitamins was the largest functional
constituents segment in 2016. Natural and synthetic vitamins are the two types
of vitamins used in end products
· Asia Pacific accounted for over 34% of the
overall revenue in 2016
· Major companies actively operating in the
industry in the present scenario would includeNaturex, Frutarom, KF Specialty
Ingredients, Ingredion, DuPont, PPG Industries, Evonik, Kerry Group and Ashland
Inc.
· Regulatory agencies play a crucial role in
the growth of this industry. The NSF/ANSI defines marketing and labeling
requirements for dietary products that contain organic ingredients. This
standard allows the “contains organic ingredients” designation for products
with organic content of 70% or more that complies with all other requirements
of the standards
Grand View Research has segmented the
global specialty food ingredients market on the basis of product and region:
Specialty Food Ingredient Product Outlook
(USD Million, 2014 - 2025)
·
Specialty sensory food ingredients
·
Specialty functional food ingredients
Regional Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America (CSA)
·
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
No comments:
Post a Comment