This “SpecialIty Food Ingredients Market” report provides a detailed study on market and how it is impacting the industry. The report includes details of emerging trends, growth history, sales channel, manufacturers profiled in business, market share of product, application and regional scope of industry. In addition, the report also mentions opportunities that manufacturers operating in the global SpecialIty Food Ingredients market can use for expanding their business in untapped market to increase their customer base.
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Market Overview:
SpecialIty Food Ingredients Market Covers Manufacturers:
Scope of the Report:
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Key Market Trends:
Innovative Product Offerings Necessitate The Use Of Speciality Food Ingredients
The preference for certain types of food products has become core to some consumers’ identities. There is strong correlation between speciality food ingredient market and processed food market, with the former conferring functional benefits and customized value addition as per the end-user applications. Today’s consumers are more aware of label claims and ingredient lists and their nutrition profiles. People are taking proactive participation, to enhance health and fitness in everyday life. This trend has been driving the demand for speciality food ingredients. For instance in 2017, the sales value for probiotic products, such as yogurt and baby formula and children nutrient drink, saw maximum share of 27%, thereby validating the claim that people are increasingly consuming speciality ingredient induced food products. Companies are targeting consumers by coming up with new and innovative value-added product lines, including sugar-free products, reduced fat, reduced sodium, and other functional benefits. For instance, the use of stevia extracts for added sugar content in processed food is an attractive value addition. The graph provided by IPPA, shows the percentage sales share of probiotic products.
Highest Growth in Functional Food Ingredient Segment
Functional food ingredient segment comprises of Vitamin and Mineral, Protein and Amino Acid, Omega 3 PUFA, Prebiotic and Probiotic, Botanical and Other Food Ingredients. Natural, functional, and convenient products that can deliver nutritional benefits without sacrificing taste continue to tap into major trends, currently, driving the thriving healthy beverage market. Thus, people are consuming nutritional and performance drinks before, during, or after exercising, which has resulted in increase in the vitamin and mineral ingredients market. Proteins and amino acids are widely used in nutritious and sports drinks, owing to the health benefits they provide leading several health food companies to introduce a pre- and post-workout drinks, which have high content of proteins and amino acids, as these ingredients help in muscle building. Probiotics already feature strongly in the nutraceuticals market, due to the popularity of probiotic yogurt. As technological challenges are being overcome and consumer awareness continues to rise, probiotics are also increasingly moving beyond the dairy sector.
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Target Audience of SpecialIty Food Ingredients Market:
- Manufacturer / Potential Investors
- Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
- Association and government bodies.
Key Reasons to SpecialIty Food Ingredients Market Report:
- Analyzing various perspectives of the SpecialIty Food Ingredients market with the help of Porter’s five forces analysis
- The End User that is expected to dominate the SpecialIty Food Ingredients market is analyzed in detail
- The regions which are expected to witness fastest growth during the forecast period are analyzed and estimated for growth of SpecialIty Food Ingredients market.
- Identify the latest developments, market shares and strategies employed by the major market players.
- Regional analysis of SpecialIty Food Ingredients market studied, during the forecast period
- The segments that are expected to dominate the SpecialIty Food Ingredients market studied.
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