Global Specialty Food Ingredients Market Size, Share, Growthand Forecast to 2024 – Credence Research

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.

Browse the full Specialty Food Ingredients Market by Ingredient Type, Application and Geography – Growth, Future Prospects, and Competitive Analysis, 2016 – 2024 report at http://www.credenceresearch.com/report/specialty-food-ingredients-market

Market Insights

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.

Increasing health consciousness and rising demand for functional food is expected to impel the growth of specialty food ingredients market over the forecast period. The rise in growth of fortified food is likely to impact the growth of probiotics, minerals, prebiotic, and minerals which is expected to create more demand for specialty food ingredients during the forecast period. Besides this, rising demand for specialty food ingredients in confectionery and bakery has strengthened over the past few years due to higher demand for emulsifiers, flavors, and colors in it.

Considering the competition, this market is characterized by presence of various players some of which are small-scale players and some are the largest in number. In order to enhance their presence in the overall global market, the companies are focusing on research and development as well as new product development. The companies are entering into manufacturing of innovative products which will help in strengthening the growth of the market.

Request Free Sample : http://www.credenceresearch.com/sample-request/58314

Key Trends:

  • New product development
  • Merger and Acquisitions

Latest Report:

About Us:

Credence Research is a worldwide industry research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

Contact:

Name: Chris Smith (Global Sales Manager)

Address: 105 N 1st ST #429, SAN JOSE,
CA 95103, United States

Ph: 1-800-361-8290

E-mail: sales@credenceresearch.com

Website: http://www.credenceresearch.com

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

Up ↑

%d bloggers like this: