Global Specialty Food Ingredients Market is Expected to Reach $173.89 Billion by 2026

GAITHERSBURG, Maryland, Aug. 28, 2019 /PRNewswire/ -- According to Stratistics MRC, the Global Specialty Food Ingredients Market is accounted for $71.88 billion in 2017 and is expected to reach $173.89 billion by 2026 growing at a CAGR of 10.3% during the forecast period.

Some of the key players profiled in the Specialty Food Ingredients market include DuPont, ADM, BASF group, General Mills, Cargill INC, Ingredion, Tate and Lyle, Kerry Group, BTC Europe, B&G Foods, Nestl, Kraft Foods Inc, Campbell, ABS Food Ingredients, Sensient Technologies, GSI Specialty Ingredients, Royal DSM, Koninklijke DSM N.V, CORBION, and Ajinomoto Co. Inc.

Growing demand for processed and packaged food, increasing purchasing power of consumers and rising urbanization are some of the key factors propelling the market growth. However, food security concerns, regulations, raw material accessibility, expenditure, and scientific barriers are hampering the market.

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Specialty food ingredients are those additives that are utilized and considered for a certain purposes and functions, which differ that those ingredients used in the traditional recipes. They are used by food and beverage industry to improve taste and flavor to the processed food.  It is majorly sold to food processing industry including large food manufacturing companies as well as medium-sized companies.

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Based on Product, flavors segment is expected to have a significant demand in the market. The growth is due to its usage in the food industry. Flavors are powerful preparations added to food products to stimulate a characteristic taste of choice, to preserve the flavor after dispensation, to adapt an already existing flavor, and to guise some undesirable flavor to increase consumer acceptance. Flavors are used in various products, such as bakery, confectionery, meat, snacks, seafood, and poultry. By geography, North America is expected to dominate the global market due to increasing consumption of processed food in the U.S. and Canada.

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Applications covered:

• Sweet and Savory Snacks
• Sauces, Dressings and Condiments
• Confectionery
• Dried Processed Food
• Dairy
• Frozen/Chilled Processed Food
• Beverages
• Bakery
• Convenience Foods
• Meat Products
• Functional Foods
• Dietary Supplements
• Other Applications

Products Covered:

• Yeast             
• Texturants     
• Sweeteners
• Leavening Agents
• Specialty Starch
• Specialty Oil   
• Protein
• Food Preservatives  
• Flavors 
• Emulsifiers/ Stabilizer's 
• Fat Replacers and Stabilizers    
• Cultures         
• Colors  
• Acidulants        
• Enzymes
• Nutritional Food ingredients

Regions Covered:

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

What our report offers:

- Market share assessments for the regional and country-level segments

- Market share analysis of the top industry players

- Strategic recommendations for the new entrants

- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets

- 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

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About Stratistics MRC

We offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services, and Full-Time Equivalent (FTE) services in the research world. We explore market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

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