London, Feb. 28, 2023 (GLOBE NEWSWIRE) -- “Mounting demand for functionally fortified food products primarily assists the progression of specialty food ingredients,” reports a new study of Fairfield Market Research. Increasing consumer awareness regarding the potential benefits of adopting a healthy lifestyle is primarily driving the sales of specialty food ingredients worldwide. The report would thoroughly present an examination of the global specialty food ingredients market with an intent to uncover the growth analysis and forecast of the market in near term. Greater need for achieving an optimum balance of micro- and macronutrients to retain the desired nutritional profile of a packaged food product is projected to propel market revenue. Some other popular trends that would support the growth of market include organic, natural, and clean label, reports the study. Growing application of specialty ingredients in making of confectionary items like jams, jellies, candies, puddings, and even soft drinks, and margarine will largely favor market growth.
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Insights into Segmental Analysis
Demand for sensory specialty food ingredients continue to observe a stable spike as they are the most preferred elements when it comes to enhancing the attributes like texture, flavor, taste, and smell of food products. Unprecedented expansion of packaged foods, and several other confectionary segments is likely to expedite sales of sensory specialty food ingredients that currently lead their way in the market with the largest revenue share. Among these, flavoring ingredients will especially remain the most sought-after category, following the taste imparting ingredients. In the light of growing consumer inclination toward natural flavorings, the flavor category is expected to retain the top spot in sensory specialty food ingredients segment. Coloring ingredients will also reflect high growth potential.
Insights into Regional Analysis
An evolving consumer lifestyle, and a host of lifestyle health conditions that follow, collectively form a strong base for the expansion of specialty food ingredients market in North America. The developed nations here are especially expected to see climbing sales in the wake of an alarming rate of diabetes, and obesity prevalence. With more consumers showcasing willingness to adopt healthier dietary lifestyles, specialty food ingredients will continue to gain preference as the key element of functional food products. “The market here will also largely benefit from the flourishing segments like convenience foods, ready-to-eat meals,” says the analyst at Fairfield. The further tailwinds are likely to be received from the growing trend waves of organic, natural, and gluten-free products. Research marks noticeably increasing uptake by meat and poultry industry players recently, which will be a strong growth driver for the region’s specialty food ingredients market.
Leading Competitors in Global Specialty Food Ingredients
Some of the industry leaders would be considered for detailed strategic profiling and competitive analysis in the report. A few of the potentially profiled company names include DuPont de Nemours Inc., Koninklijke DSM NV, Cargill Incorporated, Kerry Group PLC, Ingredion, International Flavours & Fragrances, Nutriati, Amco Proteins, Tate & Lyle, and Crespel & Dieters.
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The Global Specialty Food Ingredients Market Is Segmented As Below:
By Product Type
- Sensory
- Enzymes
- Emulsifiers
- Flavors
- Colourants
- Acidulants
- Specialty Starches
- Sugar Substitutes
- Functional
- Protein and Amino Acids
- Vitamins
- Minerals
- Prebiotics
- Probiotics
- Hydrocolloids
- Essential Oils
- Omega-3 & 6 Fatty Acids
- Carotenoids
- Antioxidants
- Preservatives
By Application
- Food and Beverage
- Snacks
- Bakery
- Confectionery
- Dairy Products
- Breakfast Cereals
- Frozen Foods
- Meat, Poultry & Seafood
- Baby Food
- Sauces, Dressings & Condiments
- Beverage
- Alcoholic
- Non Alcoholic
- Pharmaceuticals
- Personal Care
By Region
- North America
- Europe
- Asia Pacific
- LAMEA
Key Elements Included In The Study: Global Specialty Food Ingredients Market
- Specialty Food Ingredients Market by Product/Technology/Grade, Application/End-user, and Region
- Executive Summary (Opportunity Analysis and Key Trends)
- Historical Market Size and Estimates, Value and Volume, 2018 - 2021
- Volume Consumption at Regional and Country Level, 2022 - 2029
- Market Dynamics and Economic Overview
- Market Size in Value and Volume, Growth Rates, and Forecast Figures, 2022 - 2029
- Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies
- Regional and Product/Grade/Application/End-user Price Trends Analysis
- Value Chain and Five Force’s Analysis
- Regional/Sub-region/Country Market Size and Trend Analysis
- Company Market Share Analysis and Key Player Profiles
Learn More About the Report Inclusions, and Research Methodology: https://www.fairfieldmarketresearch.com/report/specialty-food-ingredients-market/more-information
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