Global Specialty Food Ingredients Market: Industry Analysis & Outlook (2017-2021)
- Report Description Table of Contents
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 “Global Specialty Food Ingredients Market: Industry Analysis & Outlook (2017-2021)” 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.