The latest market report published by Credence Research, Inc. “Specialty Food Ingredients Market, By Ingredient Type, Application and Region – Growth, Future Prospects, and Competitive Analysis, 2016 – 2024,” the specialty food ingredients market was valued at US$ 64.1 Bn in 2015, and is expected to reach US$ 106.3 Bn by 2024, expanding at a CAGR of 5.9% from 2016 to 2024.
Specialty foods are generally considered as distinctive and high value food items produced in small quantities from extreme quality ingredients. It is highly priced as compared to non-specialty foods with varied benefits included in it. The food ingredients provide texture, color, flavor, functionalities, and nutrients to the processed food. The specialty food ingredients are utilized by beverage and food industry in order to increase the flavor and taste to the processed food. It has been notified that specialty food ingredients are highly sold to food processing companies (both including large and medium size manufacturers). The specialty food ingredients helps in enhancing the shelf life, texture and stability in the food based products. This is expected to bolster the growth of specialty food ingredients market over the forecast period.
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The qualitative study of drivers and limitations of Specialty Food Ingredients Market
- Tate and Lyle Plc.
- I. DuPont de Nemours and Company
- Sensient Technologies
- Kerry Group
- Cargill Inc.
- Ingredion Incorporated
- Royal DSM
- Givaudan Flavors
- Advanced Food Systems Inc.
- Specialty Commodities
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Research methodology and delivery time
Credence Research has conducted in depth secondary research to arrive at key insights. Data collected from key public industry sources and publications have been scanned and analyzed impartially to present a clear picture of the industry. All recent developments which impact the sector dynamics have been captured and used to support the research hypothesis.
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