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Specialty Food Ingredients - Global Market Outlook (2019-2027)

Specialty Food Ingredients - Global Market Outlook (2019-2027)

4.4 (46 reviews)
Published: March 2021 ID: SMRC20314
4.4 (46 reviews)
Published: March 2021 ID: SMRC20314

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Specialty Food Ingredients market is accounted for $127.32 billion in 2019 and is expected to reach $249.98 billion by 2027 growing at a CAGR of 8.8% during the forecast period. Increase in demand for clean label products among the consumers, rise in demand for fortified food owing to growing health awareness and inclination of consumer preferences towards food & beverages are the major factors driving the market growth. However, high cost and limited availability of raw materials is restraining the market growth.

Special food ingredients are substances commonly used in the emulsion, colour, texture, and preservation of food. These ingredients improve the nutritional value of processed foods. Specialty food ingredients provide the requirements to promote overall melting from the farm gate level to the final stage of value-added processed foods.

Based on type, the vitamins and minerals in the functional segment accounted for considerable market share during the forecast period owing to being used in various dishes as an important sub type of specialty food ingredient is accelerating the market growth. By geography, Asia Pacific held largest market share during forecast period due to the high population in the region and the increase in the purchasing capacity, consumers are looking for various comfort and functional food.

Some of the key players profiled in the Specialty Food Ingredients Market include Specialty Commodities Inc., Tate & Lyle PLC, Vidhi Specialty Food Ingredients Limited, Woodland Foods, Roquette Freres S.A., Sensient Technologies Corporation, AmTech Ingredients LLC, Archer Daniels Midland Company, Cargill, Inc., KF Specialty Ingredients Australia Pty Ltd., DowDuPont, Inc., Evonik Industries AG, Frutarom Industries Ltd., Ingredion, Inc., Kerry Group PLC, Koninklijke DSM N.V., Naturex SA, PPG Industries, Inc. and Prinova Group LLC.

Origins Covered:
• Natural
• Synthetic
• Nature-Identical

Types Covered:
• Sensory
• Functional
• Other Types

Applications Covered:
• Beverages
• Food
• Health & Wellness

Distribution Channels Covered:
• Distributors
• Manufacturers

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

 

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