Specialty food ingredients are utilized in order to improve and maintain nutrients, texture, flavor, unique color, and functionalities of processed food products. The global specialty food ingredients market report has been segmented on the basis of product type, application, and region.
On the basis of product type, the global specialty food ingredients market has been segmented into specialty sensory food ingredients and specialty functional food ingredients. The specialty sensory food ingredients segment is further sub-segmented into enzymes, emulsifiers, flavor, and colorants. The specialty functional food ingredients segment is further sub-segmented into vitamins, minerals, antioxidants, and preservatives. The specialty functional food ingredients segment is expected to account for major share in terms of revenue in the global specialty food ingredients market over the forecast period. The specialty functional food ingredients segment is also projected to grow at highest CAGR over the forecast period in terms of revenue, owing to its advantages such as enhanced emulsifier and color, and ability of adding superfluous edge health dimension to produced food.
On the basis of application, the global specialty food ingredients market has been segmented into bakery & confectionery, beverages, meat products, dairy & frozen foods, convenience food, oils & fats, functional foods/ beverages/ dietary supplements, and others (savory snacks, sauces, dressings & condiments). The dairy & frozen foods segment is estimated to account for major share in the global specialty food ingredients market in terms of revenue, owing to the increasing demand specialty for food ingredients from various food industries.
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On the basis of region, the global specialty food ingredients market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America market expected to account for major revenue share in the global specialty food ingredients market in 2017. The Asia Pacific specialty food ingredients market is projected to witness extended growth in next five years, owing to increasing demand for healthy food and beverages products from various developing countries such as China and India in this region.
Key players operating in the global market include Cargill Inc., Archer-Daniels-Midland Company, E. I. du Pont de Nemours and Company, Koninklijke DSM N.V., Kerry Group plc, Ingredion Incorporated, Givaudan SA, Tate & Lyle PLC, Sensient Technologies Corporation, and Chr. Hansen Holding A/S.