Market Overview
Specialty food ingredients are a vital addition to processed food as they help maintain the functional integrity of the product while adding several micronutrients which enhance the diet. Specialty food ingredients are largely used to perform a wide number of applications such as preserve the texture of a product or enhance its color. This makes the product easier to consume as it increases flavor makes the product safe among other advantages which are key in driving the global specialty food ingredients market. Market Research Future has conducted a thorough study of the market, and the upcoming report features many pertinent facts and figures as well as important observations. The growth of the market is reliant on the fact that the specialty food ingredients are important in maintaining the sustainability of processed food products. Their use in almost every part of the F&B industry such as bakery & confectionery items, beverages, meat products, and several others is also a key factor driving its growth as demand is consistent and ongoing.
Moreover, consumers are rapidly shifting preferences in food for convenient processed food as well as functional food & beverages due to rising concern for health. Prevalence of chronic diseases has increased, particularly in urban areas. Diabetes and obesity are on the rise and have spurred consumers to make changes in their diet, thus resulting in a shift toward health consciousness in a choice of food products. Many countries have stringent laws regarding the printing of nutritional information on products which have slowly garnered attention among consumers as they are now putting more emphasis on ingredients in processed food.
Competitive Landscape
MRFR’s report also covers the competitive landscape of the global specialty food ingredients market. Important market players that have been included in the report are Frutarom, Archer Daniel Midland, Kerry Groups, Tate & Lyle PLC, Evonik, Ingredion, Royal DSM N.V., PPG Industries, Ingredion Incorporated, CHR. Hansen, Naturex, Cargill Inc., KF Specialty Ingredients, E. I. DuPont de Nemours and Company, Givaudan Flavors, Ashland Inc, and Sensient Technologies among others.
Market Segmentation
For the scope of report, MRFR offers a comprehensive segmental analysis of the global specialty food ingredients market
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Regional Analysis
North America and Europe have significant markets for specialty food ingredients, and these regions have a high concentration of market players who are actively involved in the growth of the market. The presence of a considerable F&B sector in these regions combined with the increasing health consciousness as well as stringent regulations regarding the use of certain specialty food ingredients are expected to fuel the growth of the market.
Meanwhile, the Asia Pacific represents massive potential for the market as it has a high concentration of emerging economies with massive populations. The region is urbanizing rapidly, and the demand for convenient and functional processed or packaged food items is driving the APAC market. APAC also has an increasing number of women participating in the workforce, which has further increased the demand for healthy functional food which is convenient and supports a busy schedule without compromising of health.
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