The global specialty food ingredients market is
expected to reach USD 116.50 billion by 2025. 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. One of such advancements is the twin-screw extrusion lines developed
by Clextral, which help in increasing the flexibility of various constituents
during processing.
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Various developments in encapsulation technologies
to enhance aroma and taste differentiation, mask unpleasant odor and bad
tasting components, increase their bioavailability and stabilize additives;
have resulted in tremendous quality improvements in finished products. This in
turn has helped in the processors in meeting various consumer demands.
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. However, this requires innovation regarding
technology regarding which the novel constituents play a crucial role.
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; however, recent practices of
combining functional diet and molecular nutrition might challenge the
conventional paradigm shift, is expected to drive the demand over the forecast
period.
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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.
- Regulatory agencies play a crucial role in the growth of this industry. The NSF/ANSI defines marketing and labeling requirements for dietary products that contain organic ingredients. This standard allows the "contains organic ingredients" designation for products with organic content of 70% or more that complies with all other requirements of the standards
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Michelle Thoras
201 Spear Street 1100,
Suite 3036, San Francisco,
CA 94105, United States
Tel: 1-415-349-0054
Toll Free: 1-888-928-9744
Mail: sales@radiantinsights.com
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