Global Specialty Food Ingredients Market: Industry Analysis & Outlook ( )

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1 Industry Research by Koncept Analytics Global Specialty Food Ingredients Market: Industry Analysis & Outlook ( ) January 2018 Global Specialty Food Ingredients Market: Industry 1

2 Executive Summary A number of ingredients contribute to various functions in the preparation of a variety of food products. In ancient times, salt was the main ingredient used for canning meat and fish, and then with various herbs and spices to improve the taste of food, and fruit was preserved with sugar, and cucumber was marinated with vinegar. Unlike ancient times, modern consumers can choose from a wide range of foods that are available in different tastes, colors, with high nutritional values. This change in the storage and accessibility of various food products was made possible by additives or ingredients to a large extent, which contributed to technological innovation. Food ingredients can be broadly split into specialty food ingredients and bulk food ingredients. Specialty food ingredients are key determinants of food products to get the desired taste, appearance, nutritional properties, and functionality. Bulk food ingredients are used in packaged, processed foods and ready to eat foods like confectionery items, biscuits, and chocolates. Food ingredients market is further segmented into preservatives, sweeteners, color additives, flavors and spices, flavor enhancers, fat replacers, nutrients, emulsifiers, and acidulants. These ingredients help to ensure the availability of flavored, nutritious, safe, convenient, colorful and affordable foods that meet the expectations of consumers. The key factors driving growth of the global food ingredient industry include rising global population, changing demographics, escalating middle class population and growing demand for convenience. Some of the noteworthy trends and developments of this industry include launch of new products, increasing acceptance of natural ingredients, growing awareness towards health and wellness, food safety, increasing preference for taste, and rising demand from emerging economies. However, the growth of the industry is being hindered by high barriers to entry, rising intense research requirements and stringent regulations along with various health hazards associated with food additives. The report by Koncept Analytics provides an extensive research and detailed analysis of the present market along with future outlook. The report discusses the major growth drivers and challenges of the market, covering the global market. It profiles the key players of the market including Tate & Lyle, Royal DSM, Dow DuPont and Kerry Group. 2

3 Rising middle class population and increasing health awareness supported the growth specialty food ingredients market. Global Food Ingredients Market Forecast by Value ( ) The global food ingredients market is expected to reach US$... billion in 2021, increasing from US$... billion in The global specialty ingredients market is expected to reach US$... billion in 2021, increasing from US$... billion in 2016, recording growth at a CAGR of.% for the period In 2016, the global market for specialty ingredients comprised % of texturants followed by % of nutritional ingredients. Flavours and Sweeteners captured % and % shares of specialty food ingredient market respectively. Specialty Ingredients Market Forecast by Value ( ) Specialty Ingredients Market by Type (2016) Texturants Flavours Flavour Enhancers Food Colors Food Preservatives Nutritional Ingredients Sweeteners Acidulants Enzymes Cultures 3

4 Increasing preference for taste and growing demand for packaged food will drive specialty food ingredients market globally Global Flavours Market Forecast by Value ( ) The global flavours market is expected to reach US$... billion in 2021, increasing from US$... billion in 2016, recording growth at a CAGR of.% for the period The global food colours market is expected to reach US$... billion in 2021, increasing from US$... billion in The global sweeteners market is expected to reach US$... billion in 2021, increasing from US$... billion in Global Food Colours Market Forecast by Value ( ) Global Sweeteners Market Forecast by Value ( ) 4

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