June 09, 2022 06:18 ET | Source: Research and Markets Research and Markets
Dublin, June 09, 2022 (GLOBE NEWSWIRE) -- The "Global Specialty Food Ingredients Market by Type (Acidulant, Colors, Flavors, Enzymes, Emulsifiers, F&B Starter Culture, Preservatives, Functional Food Ingredients, Specialty Starches, Sugar Substitutes), Distribution Channel, and Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering. The global specialty food ingredients market is estimated to be valued at USD 148.2 billion in 2022. It is projected to reach USD 196.2 billion by 2027, recording a CAGR of 5.8% during the forecast period. The rise of the UK's organized retail sector has triggered the demand for packaged and ready-to-eat meals The UK, Germany, France, Spain, Italy, and Russia are among the established markets for food acidulants in Europe. The increase in concerns regarding food preservation and the functional benefits offered by acidulants to preserve food for a prolonged period are the key factors that are projected to support the market growth in Europe.
The use of acidulants, such as lactic acid, is approved as an 'extra' safety tool to reduce and trace microbial contamination on bovine carcasses by the European commission is projected to support the usage of such food acidulants. The increase in demand for convenience food products due to the busier lifestyle in European countries is the key factors that are projected to drive the growth of the acidulants market in the region. An increase in population, a rise in demand for convenience food products, and a surge in disposable income are the key driving factors for the growth of dairy industry Dairy products include milk-based products such as butter, cheese, flavored milk, and yogurt. This market is a potential growth sector for natural food flavors. Flavors enhance the taste of dairy products such as cheese, yogurt, and flavored milk. Antioxidant-rich berries, super-powders, teas, medicinal mushrooms, and components with healthy fats are among the popular flavors. The production of pure organic dairy products is now possible due to natural and certified organic flavors. Certified flavors play an important role in dairy products.
However, the stabilities of certified flavors during their application are where the challenge lies for manufacturers. The dairy industry is also seeing an increase in the demand for functional additives and clean-label flavors. This was always well-known, but the pandemic has made it much more so. Many people want to buy clean-label items that are free of artificial flavors and colorings. The growth of the dairy industry and increasing awareness about the quality of bakery, processed food and dairy products drive the demand for food emulsifiers in the region Brazil and Argentina are the major markets for food emulsifiers in South America, due to the increasing consumption of bakery and dairy products and export opportunities, particularly in the rapidly growing European market. The increase in the production of dairy products in Brazil, due to the increasing middle-class population, has led to a surge in demand for improved quality food. The rising demand for food emulsifiers in Argentina is attributable to the rising disposable income, increasing awareness about better-quality products, and high demand for healthy foods in the country. Increasing demand for packaged and processed food in Argentina drives the food emulsifiers market in the country. The market in Rest of South America is projected to grow at a steady pace in the coming years as countries are witnessing a growing base of food processing units for the production of various food products, including bakery, confectionery, and dairy products.
Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in the Specialty Food Ingredients Market 4.2 Specialty Food Ingredients Market: Major Regional Submarkets (At a Distributor Level) 4.3 Specialty Food Ingredients Market, by Type 4.4 Flavors Market, by Origin 4.5 Functional Food Ingredients Market, by Type
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 184.108.40.206 Growth in Demand for Fortified Food Owing to Rising Health Awareness 220.127.116.11.1 Demand for Functional Food Ingredients Owing to Increase in Instances and Economic Burden of Chronic Diseases 18.104.22.168.2 Consumer Awareness of Micronutrient Deficiencies 22.214.171.124.2.1 Malnutrition Across the Regions 126.96.36.199.3 Partnerships Between Key Players to Address Nutritional Deficiencies to Drive the Demand for Functional Ingredients in Asia-Pacific 188.8.131.52 Shift in Consumer Preferences for Food & Beverages 184.108.40.206.1 Shift Toward Plant-Based Ingredients and Plant-Based Proteins 220.127.116.11.2 Demand for Natural, Organic, and Clean Label Products 18.104.22.168.3 Increase in Inclination Toward Premium and Branded Products 22.214.171.124 Increase in Government Support in Major Economies 126.96.36.199.1 Mandates on Food Fortification by Government Organizations 188.8.131.52 Consumer Demand for Nutrition and Taste Convergence 5.2.2 Restraints 184.108.40.206 High Cost and Limited Availability of Raw Materials 220.127.116.11.1 Limited Raw Material Availability due to Seasonal Changes 18.104.22.168 Use of Artificial/Synthetic Ingredients in Various Applications Resulting in Health Hazards 22.214.171.124 Increase in Instances of Allergies and Intolerances Related to Few Ingredients 5.2.3 Opportunities 126.96.36.199 Rise in Number of End-use Applications 188.8.131.52.1 Synergy Between the Ingredients Owing to Multifunctional Attributes 184.108.40.206.2 Increase in Consumption of Processed Food 220.127.116.11.3 Rapidly Growing Beverage and Functional Drinks Sales 18.104.22.168 Product-Based and Technological Innovations in the Ingredient Industry 22.214.171.124.1 Use of Encapsulation Technology 126.96.36.199 Emerging Economies to Present High-Growth Opportunities due to Growing Food Processing Investments 5.2.4 Challenges 188.8.131.52 Lack of Consistency in Regulations Pertaining to Various Ingredients 184.108.40.206 Consumer Inclination Toward Natural Ingredients to Create Challenges for the Growth of Synthetic Ingredients 220.127.116.11 Threat of Substitutes 18.104.22.168 Growth in Pressure on Global Resources and a Need to Tap New Raw Materials
6 Industry Trends 6.1 Introduction 6.2 Value Chain 6.3 Supply Chain 6.4 Technology Analysis 6.5 Market Ecosystem & Supply Chain Analysis 6.6 Trends/Disruptions Impacting the Customer's Business 6.7 Patent Analysis 6.8 Pricing Analysis: Specialty Food Ingredients Market, by Type 6.9 Trade Analysis 6.10 Porter's Five Forces Analysis 6.11 Case Studies Analysis
7 Key Regulations 7.1 Introduction 7.2 Regulations in North America 7.3 Regulations in Europe 7.4 Regulations in Asia and Australia & New Zealand 7.5 Codex Alimentarius
8 Acidulants Market 8.1 Introduction 8.2 Application 8.3 By Region
9 Colors Market 9.1 Introduction 9.2 By Origin 9.3 By Application 9.4 By Region
10 Food Flavors Market 10.1 Introduction 10.2 By Origin 10.3 By Application 10.4 By Region
11 Enzymes Market 11.1 Introduction 11.2 By Application 11.3 By Region
12 Emulsifiers Market 12.1 Introduction 12.2 By Type 12.3 By Application 12.4 By Region
13 F&B Starter Cultures Market 13.1 Introduction 13.2 By Application 13.3 By Region
14 Preservatives Market 14.1 Introduction 14.2 By Source 14.3 By Application 14.4 By Region
15 Functional Food Ingredients Market 15.1 Introduction 15.2 By Type 15.3 By Application 15.4 By Region
16 Specialty Starch Market 16.1 Introduction 16.2 By Type 16.3 By Application 16.4 By Region
17 Sugar Substitutes Market 17.1 Introduction 17.2 By Type 17.3 By Application 17.4 By Region
18 Specialty Food Ingredients Market, by Distribution Channel 18.1 Introduction 18.2 Distributors 18.3 Manufacturers
19 Competitive Landscape 19.1 Overview 19.2 Market Share Analysis, 2021 19.3 Segmental Revenue Analysis of Key Players 19.4 Company Evaluation Quadrant (Key Players) 19.4.1 Stars 19.4.2 Emerging Leaders 19.4.3 Pervasive Players 19.4.4 Participants 19.5 Specialty Food Ingredients Market, Start-Up/SME Evaluation Quadrant, 2021 19.5.1 Progressive Companies 19.5.2 Starting Blocks 19.5.3 Responsive Companies 19.5.4 Dynamic Companies 19.6 Product Launches, Deals, and Other Developments 19.6.1 Product Launches 19.6.2 Deals 19.6.3 Others
20 Company Profiles 20.1 Key Players 20.1.1 Cargill, Incorporated 20.1.2 ADM 20.1.3 DSM 20.1.4 Kerry Group 20.1.5 DuPont 20.1.6 Givaudan 20.1.7 Ingredion 20.1.8 Sensient Technologies Corporation 20.1.9 Tate & Lyle 20.1.10 Chr. Hansen 20.2 Start-Ups/SME Profiles 20.2.1 Amano Enzymes 20.2.2 Biocatalysts 20.2.3 Enzyme Supplies 20.2.4 Omega Protein 20.2.5 Amco Protein 20.2.6 Axiom Foods 20.2.7 Nutriati 20.2.8 FDL Ltd. 20.2.9 Crespel & Deiters 20.2.10 Aminola
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