Selbyville, Delaware, Dec. 03, 2020 (GLOBE NEWSWIRE) -- According to credible predictions, global specialty food ingredients market had reached a valuation of USD 47642.38 million in 2019 and is likely to grow significantly during 2020-2025. Widespread adoption of healthy lifestyle has enhanced the demand for plant-based meat products. Adding to this, focus among manufacturers towards R&R activities in order to develop healthy alternatives are fueling the demand of specialty food ingredients, thereby fueling the market size.
The report delivers vital data regarding the market segmentations such as type, application and regional outlook while elaborating on their respective contribution towards the overall industry remuneration. Apart from this, it conducts a thorough SWOT analysis of the various companies operating in this business landscape.
Emphasis towards food safety and improving shelf-life has compelled convenience food manufacturers to develop innovative and state-of-the art products. Additionally, technological advancements in this business sphere, increasing awareness regarding the nutritional benefits and rapid expansion of convenience food sector are stimulating worldwide specialty food ingredients market outlook.
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Growing demand for plant-based products and increasing consumption of nutrient rich and healthy food items are also fostering the growth of global specialty food ingredients industry. Rising adoption of plant-sourced omega nutrients and robust advancements in krill harvesting are further favoring the overall market scenario.
Impact of COVID-19
The ongoing Coronavirus pandemic has adversely impacting companies operating in condiments, dressings, sauces, confectionary, and beverages verticals. Manufacturers are compelled to reduce product costs in order to sustain the competitive prices as well as to manage healthy revenue cycles. Apart from this, inflating prices of raw materials and supply chain disruptions amidst the COVID-19 outbreak may negatively influence global specialty food ingredients industry remuneration.
Highlighting the market segmentations
By type
In terms of type, estimates cite that vitamins and minerals segment of global specialty food ingredients industry is estimated to generate lucrative revenues in the upcoming year, primarily due to their widespread adoption in numerous diseases.
Based on application spectrum
The beverages segment captured the largest share in global specialty food ingredients industry in the year 2019. On the other hand, the bakery & confectionary application segment is predicted to emerge as a lucrative growth opportunity in the ensuing years. Growing demand for healthy, baked and processed food products are fueling the segmental share.
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Considering the geographical landscape
As per authentic estimations, North America currently dominates the overall market in terms of revenue share and is expected to record similar growth in the upcoming years, primarily driven by increased pervasiveness of chronic conditions, growing diabetic population and rising consumption of healthy food products.
Meanwhile, Asia-Pacific specialty food ingredients industry share is slated to record the highest CAGR through 2025, owing to rising cognizance of healthy food items, growing patient population and widespread usage of specialty ingredients in infant formulas as well as in dietary supplements.
Global Specialty Food Ingredients Market by Type (Revenue, USD Million, 2015-2025)
- Fat
- Protein
- Sweetening Solutions
- Extracts & Colors
- Flavors
- Emulsifiers & Stabilizers
- Vitamins & Minerals
- Beans & Pulses
- Antioxidants
- Others
Global Specialty Food Ingredients Market by Application Reach (Revenue, USD Million, 2015-2025)
- Sauces and Condiments
- Beverages
- Bakery & Confectionery
- Others
Global Specialty Food Ingredients Market Geographical Scope (Revenue, USD Million, 2015-2025)
North America
- Canada
- U.S.
Europe
- Germany
- Spain
- U.K.
- France
Asia-Pacific
- Japan
- Australia
- India
- China
Global Specialty Food Ingredients Market Competitive Landscape (Revenue, USD Million, 2015-2025)
- DuPont de Nemours Inc.
- Koninklijke DSM N.V.
- Cargill Inc.
- Kemin Industries Inc.
- Sensient Technologies
- Ingredion Inc.
- KF Specialty Ingredients
- Archer Daniels Midland Co.
- Tate & Lyle plc
- Givaudan
Table of Content:
1. Report Scope and Methodology
1.1 Scope of the Report
1.2 Research Methodology
1.3 Executive Summary
2. Strategic Recommendations
3. Global Specialty Food Ingredients Market: Product Outlook
4. Global Specialty Food Ingredients Market: Sizing and Forecast
4.1 Market Size, By Value, Year 2015-2025
5. Global Specialty Food Ingredients Market Segmentation by Type (By Value)
5.1 Competitive Scenario of Global Specialty Food Ingredients Market - By Type (2019 & 2025)
5.2 Antioxidants - Market Size and Forecast (2020-2025)
5.3 Beans and Pulses- Market Size and Forecast (2020-2025)
5.4 Vitamins and Minerals - Market Size and Forecast (2020-2025)
5.5 Emulsifiers and Stabilizers - Market Size and Forecast (2020-2025)
6. Global Specialty Food Ingredients Market Segmentation by Application (By Value)
6.1 Competitive Scenario of Global Specialty Food Ingredients - By Application (2019 & 2025)
6.2 Bakery & Confectionery - Market Size and Forecast (2020-2025)
6.3 Beverages - Market Size and Forecast (2020-2025)
6.4 Sauces and Condiments - Market Size and Forecast (2020-2025)
6.5 Others- Market Size and Forecast (2020-2025)
7. Global Specialty Food Ingredients Market: Regional Analysis
7.1 Competitive Scenario of Global Specialty Food Ingredients Market: By Region (2019 & 2025)
8. North America Specialty Food Ingredients Market: Segmentation By Type, By Application (2020-2025)
8.1 North America Specialty Food Ingredients Market: Size and Forecast (2020-2025)
8.2 North America Prominent Companies in Specialty Food Ingredients Market
8.3 Market Segmentation By Type (Antioxidants, Beans and Pulses, Vitamins and Minerals, Emulsifiers and Stabilizers, Flavors, Extracts and Colors, Sweetening Solutions, Protein and Fat & others)
8.4 Market Segmentation By Application (Bakery & Confectionery, Beverages, Sauces and Condiments and Others)
9. Europe Specialty Food Ingredients Market: Segmentation By Type, By Application (2020-2025)
9.1 Europe Specialty Food Ingredients Market: Size and Forecast (2020-2025)
9.2 Europe Prominent Companies in Specialty Food Ingredients Market
9.3 Market Segmentation By Type (Antioxidants, Beans and Pulses, Vitamins and Minerals, Emulsifiers and Stabilizers, Flavors, Extracts and Colors, Sweetening Solutions, Protein and Fat & others)
9.4 Market Segmentation By Application (Bakery & Confectionery, Beverages, Sauces and Condiments and Others)
9.5 Europe Specialty Food Ingredients Market: Country Analysis
10. Asia Pacific Specialty Food Ingredients Market: Segmentation By Type, By Application(2020-2025)
10.1 Asia Pacific Specialty Food Ingredients Market: Size and Forecast (2020-2025)
10.2 Asia Pacific Prominent Companies in Specialty Food Ingredients Market
10.3 Market Segmentation By Type (Antioxidants, Beans and Pulses, Vitamins and Minerals, Emulsifiers and Stabilizers, Flavors, Extracts and Colors, Sweetening Solutions, Protein and Fat & others)
10.4 Market Segmentation By Application (Bakery & Confectionery, Beverages, Sauces and Condiments and Others)
10.5 Asia Pacific Specialty Food Ingredients Market: Country Analysis
11. Global Specialty Food Ingredients Market Dynamics
11.1 Global Specialty Food Ingredients Market Drivers
11.2 Global Specialty Food Ingredients Market Restraints
11.3 Global Specialty Food Ingredients Market Trends
12. Market Attractiveness
13. Competitive Analysis
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