Specialty food ingredients are utilised by the food & beverage industry for enhancing the taste and flavour of the processed food. Specialty food ingredients preserve the texture, emulsify, add benefits in processing, add superfluous edge health dimension, and enhance colour of the produced food. Health, technological, and nutritional related functions of these ingredients make the diet tasty, safe, affordable, healthy, and pleasant for consumption.
The massive rise in demand for convenience foods from across the globe, mounting population in urban settings, and rising purchasing power of the global population are collectively driving the global demand for specialty food ingredients, observes a recent market research report published by Future Market Insights. The report is titled “Specialty Food Ingredients Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2022).” The report states that the market will expand at a steady pace over the period between 2017 and 2022, rising to a revenue opportunity of nearly US$85,000 mn by the end of 2022.
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Besides providing benefits in the form of extended shelf-life of a number of processed food products, specialty food ingredients also enhance qualities such as taste, texture, and flavor. Moreover, their addition to food products help reduce downstream losses owing to their impact on storage and processing of foods. These factors, along with the advent of several innovative technologies, such as the technology for decaffeination of coffee beans, has also increased the popularity of the global specialty food ingredients market.
The report segments the global specialty food ingredients market on the basis of criteria such as specialty sensory ingredient, specialty fundamental ingredient, application, and geography.
The key application areas of specialty food ingredients examined in the report include beverages, bakery and confectioneries, dairy and frozen foods, functional foods, beverages and dietary supplements, meat products, oils and fats, and sauces, savory snacks, and dressings and condiments. Of these, the segment of bakery and confectionaries is expected to retain its position as the largest shareholder in the global market, followed by the segment of convenience foods. However, the demand from the meat products and functional food, beverages and dietary supplements segments will record a higher pace of expansion over the report’s forecast period.
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From a geographical standpoint, the market for specialty food ingredients in North America is slated to emerge as the one with the most lucrative growth opportunities over the report’s forecast period. The North America market for specialty food products is expected to rise to a valuation of nearly US$24,000 mn by the end of 2022.
Some of the leading players operating in the global specialty food ingredients market are E. I. Dupont De Nemours and Company, Advanced Food Systems Inc., Cargill Inc., Ingredion Incorporated, Specialty Commodities, Kerry Group Plc., Koninklijke DSM N.V., Sensient Technologies Corporation, Cambrian Solutions Inc., and Tate & Lyle.
Development of Novel Technologies have Increased Popularity of Specialty Food Ingredients
Specialty ingredients are the imperative products, which guarantee the wellbeing of a wide range of processed food, performing various functional activities, and enhancing the taste and diet quality of food products. Apart from these benefits, specialty food ingredients reduce downstream losses, along with the value chain, on the back of their extremely effective impact at the time of processing and storage of food.
This further enhances the efficiency of resource. Development of novel technologies, for example – decaffeination of coffee beans, which reduces gastro-oesophageal reflux in healthy people as well as patients, have increased the popularity of these ingredients.
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Table Of Content:
1. Global Specialty Food Ingredients Market – Executive Summary
2. Global Specialty Food Ingredients Market Overview
3. Global Specialty Food Ingredients Market Analysis and Forecast By Specialty Sensory Ingredients
4. Global Specialty Food Ingredients Market Analysis and Forecast By Specialty Functional Ingredients
5. Global Specialty Food Ingredients Market Analysis and Forecast By Application
6. Global Specialty Food Ingredients Market Analysis and Forecast By Region
7. North America Specialty Food Ingredients Market Analysis and Forecast, By Country, 2012-2022
14. Research Methodology
15. Secondary and Primary Sources
16. Assumptions and Acronyms
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