Increasing urbanization and growing consumer preference for processed foods is driving the specialty food ingredients market. However, the consumer is aware of the use of food additives which strip the product of its nutrients. This paved the way for consumer demanding for a safe, quality product having a long shelf life. Ingredients used for improving the shelf life of the processed foods are seen by consumers as using artificial ingredients and containing high Trans fat content making the product anti-nutrient. Companies by introducing functional food ingredients have increased the demand as they keep the nutrient value intact. Also, organized retail sector which is a small percentage in Emerging countries is seeing inroads in the processed food sector, thus increasing its penetration and fuelling the demand for specialty food ingredients.
Food Ingredients have been used since many years to flavor, preserve, blend, thicken, color foods and also maintain the nutritional content of foods thus reducing serious nutritional deficiencies in the consumers. The specialty food ingredients find major applications in Fruits & Vegetables, Alcoholic & Non alcoholic beverages, Vegetable & Animal Oils, Bakery & Confectionary, Dairy , Meat and marines food, Pet foods, starch products etc. Functional food ingredients constitute maximum market followed by growing demand for enzymes, acidulants, emulsifiers etc. Food Emulsifiers Market is estimated to worth $3173.08 million in 2020.The nutraceutical ingredient market is estimated to grow from US$26billion in 2014 to $40 Billion in 2020 with a CAGR of 7.5% from 2014 to 2020. This is attributed to the high penetration levels leading to demand for functional foods in developed and emerging countries.
North America and Europe are the major end users of the specialty food ingredients and are expected to see slow growth. With high organized retail penetration, US and UK are seen as saturated markets for processed foods. And with huge percentage of population suffering from obesity and diabetic risks, there is demand for functional foods and hence specialty food ingredients. Europe with its weak consumer environment and high raw materials costs has led food and beverages manufacturers to look for technological advancements and identify ingredients which result in lower production costs. Brazil, India, China and Russia with their economic growth are seen as most potential markets for food ingredients. The key issue emerging economies face is in the supply chain sustainability issues, as these economies lack infrastructure, cold storage facilities affecting the imports and exports of the processed foods, and also which is a key restrain for supply of specialty food ingredients for the India food processing industry.
The leading manufacturers of specialty food ingredients include Cargill (U.S.), Chr. Hansen (Denmark), DuPont (U.S.), Royal DSM (The Netherlands), and Tate & Lyle (U.K.). These companies are adopting expansions through mergers and by investing in R&D for development of new products. The major constraint this industry faces is the adherence to stringent regulatory guidelines of various countries. Another practice followed by many major players is technological advancements and innovation to introduce new product lines and meet the demands of health conscious urban consumer. One such approach is Encapsulation which delivers ingredients at the right time and at right place and helps in retaining flavor, mask bad tasting and smelling and also for fermentation and metabolite production.
This Report Offers:
Market Definition for the specified topic along with identification of key drivers and restraints for the market.
Market analysis for the Global Specialty Food Ingredients Market, with region specific assessments and competition analysis on a global and regional scale.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their share of markets.
Identification and analysis of the Macro and Micro factors that affect the Specialty Food Ingredients market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Why Buy This Report?
For getting a comprehensive overview of the Global Specialty Food Ingredients market
To gain wide ranging information about the major players in this industry and the strategies adopted by them.
To gain an insight about the major countries/regions in which this industry is blooming and also identify the regions which are untapped.
1.1 Research Methodology
1.2 Definition of the Market
1.3 Report Description
2. KEY FINDINGS OF THE STUDY
3. MARKET OVERVIEW
4. MARKET DYNAMICS
4.1.1 Rising Healthcare costs and Non communicable chronic diseases
4.1.2 Demand for Nutritional diets in developed countries
4.1.3 Burgeoning Affluent Middle class for BRICS nations
4.1.4 Nutraceutical products , an alternative to prescription and OTC drugs
4.2.1 Undefined Regulatory guidelines
4.2.2 Low awareness among the aged citizens
4.3.1 Increasing scope of applications in Personal Care and Sports Nutrition
4.4 Porter Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION
5.1 By Types
5.1.1 Functional Foods
220.127.116.11 Dairy Products
5.1.2 Functional Beverages
18.104.22.168 Energy drinks
22.214.171.124 Sports drinks
126.96.36.199 Soft drinks
5.1.3 Dietary Supplements
5.2 By Ingredients Type
5.2.1 Pre biotics
5.2.6 Omega 3 & Structured Lipids
5.2.7 Phytochemicals and Plant Extracts
5.2.8 Fibers and Speciality Carbohydrates
5.3 By Geography
5.3.1 North America
5.3.4 South America
188.8.131.52 South Africa
6. Competitive Landscape
6.1 Mergers & Acquisitions
6.2 Joint Ventures
6.3 New Product Launches
6.4 Most active companies in the past five years
6.5 Market Share Analysis
7. Company Profiles
7.3 Royal DSM
7.4 Nestle Professional
7.5 Archer Daniels Midland (ADM)
7.9 Herbal Life
7.11 Arla Foods
7.14 Dean Foods
7.15 Parry Nutraceuticals