Specialty Food Ingredients Market Market to Grow Substantially at 5.5% CAGR from 2014 to 2025 : Radiant Insights, Inc

The global specialty food ingredients 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 these elements in finished foodstuff.

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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.

The functional specialty food ingredients are 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.

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 include Naturex, Frutarom, KF Specialty Ingredients, Ingredion, DuPont, PPG Industries, Evonik, Kerry Group and Ashland Inc.

Browse Full Research Report With TOC: https://www.radiantinsights.com/research/specialty-food-ingredients-market

 About Radiant Insights,Inc
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

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