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.
U.S. specialty sensory food ingredients market by
product, 2014 - 2025 (USD Million)
Browse full research
report on 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
Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-specialty-food-ingredients-market
About Grand View Research,
Inc:
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, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
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